The Consequences of Brexit (part 2)

[El Cid]

If you think that it's even vaguely possible to achieve Chinese or Indian levels of growth in an economy which is already fully industrialised then you're living in a fantasy world.

 

Hammond said "the fastest growing major advanced economy in the world", I think China and India are both major economies and advanced.

[unbeliever]

Hammond said "the fastest growing major advanced economy in the world", I think China and India are both major economies and advanced.

 

Major but not advanced. They're only partially industrialised.

[El Cid]

Major but not advanced. They're only partially industrialised.

 

The G7 countries used to form the bulk of the world economy, but with the rise of China in particular, together with India, Brazil, Mexico and other large and growing economies, the G7 today is less economically significant, weighed down by high debt levels, low growth and ageing populations.

 

It really is just spin.

[unbeliever]

The G7 countries used to form the bulk of the world economy, but with the rise of China in particular, together with India, Brazil, Mexico and other large and growing economies, the G7 today is less economically significant, weighed down by high debt levels, low growth and ageing populations.

 

It really is just spin.

 

 

It's a valid comparison for all the reasons we've discussed. There's nothing more too it than that.

[Zamo]

Brilliant.........all this money which we saved by not giving it to the EU was a meaningless argument anyway,it doesn't matter if it costs more to exit,didn't matter if every business in the UK re located back into the EU,or The City moved to Frankfurt or Paris,with all the loss of jobs and tax revenues that go with them..........the whole of the UK could have been laid to waste as a result of Brexit as the whole thing would have been a price worth paying....... because it's the principle stupid.

 

You actually thought the people of the country that created the greatest empire in the history of mankind would be incapable of functioning outside of the EU? You actually thought that a vote to leave the EU risked the whole country being laid to waste? It is just as well you don't have any credibility to lose.

[chalga]

You actually thought the people of the country that created the greatest empire in the history of mankind would be incapable of functioning outside of the EU? You actually thought that a vote to leave the EU risked the whole country being laid to waste? It is just as well you don't have any credibility to lose.

 

It's just a well you're not mind reading for a living isn't it?............I haven't said anything about the UK ability to function outside the EU at all,I commented on what your reason for leaving was...........it's as simple as that,but we'll find out soon enough if people are going to lose their jobs as a direct result of Brexit,and when they come whinging about it,we'll slap 'em down and tell them to have some respect for other peoples principles......won't we?

Edited November 27, 2016 by chalga

[tzijlstra]

What you need to do is ask yourself why is it that people from different countries/cultures have a different work ethic? When you work that out then you have the answer. Can you work it out?

 

I haven't got a clue what that is to do with anything I said, but it is a nice typical sweeping Zamo generalisation.

[El Cid]

USA growth = 2.9%

 

http://www.tradingeconomics.com/united-states/gdp-growth

 

UK growth rate = 0.5%

 

http://www.tradingeconomics.com/united-kingdom/gdp-growth

 

Perhaps you can explain the above?

 

Google says USA = 2.2%, UK = 1.7%

 

https://www.google.co.uk/search?q=uk+gdp+growth&ie=utf-8&oe=utf-8&client=firefox-b&gfe_rd=cr&ei=e-w6WI3zFojW8Ae2sI-QBQ

Edited November 27, 2016 by El Cid

[Flexo]

As I have proven multiple times on this forum and even on this thread, the department which the Chancellor heads, the Treasury, specifically predicted a prompt recession following the vote itself.

 

The Treasury's report on the ramifications of leaving the EU has its forecasts starting at the point that article 50 is triggered. The forecasts do not start at the moment of the vote.

 

---------- Post added 27-11-2016 at 14:29 ----------

 

The EU was set up, partly, to prevent Nazism / Fascism from gripping Europe. So the fascists (French national front, Hungary, UKIP) need to destroy the EU.

 

Who actually wants this resurgence of Nazism / Fascism and why?

[unbeliever]

The Treasury's report on the ramifications of leaving the EU has its forecasts starting at the point that article 50 is triggered. The forecasts do not start at the moment of the vote.

 

 

This is false. The recession was supposed to be a reaction to the decision to trigger art 50. Not the official triggering which only signals the technical start of the negotiating period. What possible mechanism could cause a recession following the technical start of the 2 year negotiating period?

What are you going to say when article 50 is triggered and the economy stubbornly insists on growing? Punt the prediction again?

 

 

The EU was set up, partly, to prevent Nazism / Fascism from gripping Europe. So the fascists (French national front, Hungary, UKIP) need to destroy the EU.

 

Who actually wants this resurgence of Nazism / Fascism and why?

 

No it wasn't. And nobody in their right mind like that politics.

This is just rubbish.

If anything the turmoil in Europe caused by the failed of the ridiculous European project is fuelling radical politics.

Edited November 27, 2016 by unbeliever