melthebell Posted November 14, 2018 Share Posted November 14, 2018 (edited) Farage is fuming https://www.lbc.co.uk/radio/presenters/nigel-farage/nigel-farage-angry-cabinet-draft-brexit-agreement/ hahahahahahahahahahahahahahahaha leave means leave, even when it means only slightly Edited November 14, 2018 by melthebell Link to comment Share on other sites More sharing options...
apelike Posted November 14, 2018 Share Posted November 14, 2018 Productivity 20% below the Eurozone Employment up - only because of the availability of cheap money because of the weakness of the £ Inflation up Skills shortages Gap between UK debt and Eurozone debt increasing with UK debt rising higher than Eurozone debt So lets break that down: With Productivity you are comparing one country with the Eurozone. Employment has nothing to do with cheap money. Inflation sometimes is good for the economy and what we have so far is. Skills shortages is nothing new. UK debt, again you are comparing it with the Eurozone. Now try and compare the UK debt (% of GDP) with another EU country, Italy for instance. Link to comment Share on other sites More sharing options...
Litotes Posted November 14, 2018 Share Posted November 14, 2018 So lets break that down: With Productivity you are comparing one country with the Eurozone. Employment has nothing to do with cheap money. Inflation sometimes is good for the economy and what we have so far is. Skills shortages is nothing new. UK debt, again you are comparing it with the Eurozone. Now try and compare the UK debt (% of GDP) with another EU country, Italy for instance. Productivity 20% below most eurozeon counties and even 7% below Italy. Employment has everything to do with cheap money as inefficient companies (see productivity above) can only afford to keep going by borrowing money from the bank. It has been estimated that UK productivity would increase by several points if the interest rates went ot 5-7% as the zombie companies (see cheap money) would go bust, so uneployment would increas but productivity would also increase. How is the inflation we have so far good for the economoy on a global scale? Skills shortages are due to the number of skilled people who have either left due to Brexit, or who haven't come due to the weakness of the pound - both directly attributable to Brexit. Link to comment Share on other sites More sharing options...
El Cid Posted November 14, 2018 Share Posted November 14, 2018 Skills shortages are due to the number of skilled people who have either left due to Brexit, or who haven't come due to the weakness of the pound - both directly attributable to Brexit. I was under the impression that people are not coming because there is anti-immigrant feelings and racism, and uncertainty about their legal status. Link to comment Share on other sites More sharing options...
I1L2T3 Posted November 14, 2018 Share Posted November 14, 2018 So lets break that down: With Productivity you are comparing one country with the Eurozone. Employment has nothing to do with cheap money. Inflation sometimes is good for the economy and what we have so far is. Skills shortages is nothing new. UK debt, again you are comparing it with the Eurozone. Now try and compare the UK debt (% of GDP) with another EU country, Italy for instance. You will lose the economic argument for Brexit every single time. Even Rees-Mogg admits that it could take 50 years for the benefits to be realised. Link to comment Share on other sites More sharing options...
woodview Posted November 14, 2018 Share Posted November 14, 2018 Productivity 20% below the Eurozone Can you explain how you have linked productivity and brexit? Link to comment Share on other sites More sharing options...
Top Cats Hat Posted November 14, 2018 Share Posted November 14, 2018 something that Sir Nige' and BoJo the Clown didn't mention was the overnight 10% drop in Sterling following the referendum vote, leading to a 20% increase in the cost of imported goods. To be fair, Faridge's mates in the City made an absolute killing by betting against Sterling in the first hour after the poll closed. They almost doubled their profits by Faridge's little 'we've lost' speech which boosted the pound before it started to tumble. I hope he does jail time for that one day. Link to comment Share on other sites More sharing options...
truman Posted November 14, 2018 Share Posted November 14, 2018 (edited) So lets break that down: With Productivity you are comparing one country with the Eurozone. Employment has nothing to do with cheap money. Inflation sometimes is good for the economy and what we have so far is. Skills shortages is nothing new. UK debt, again you are comparing it with the Eurozone. Now try and compare the UK debt (% of GDP) with another EU country, Italy for instance. How about Germany? Or Ireland? Or Denmark Or even Poland? And surprisingly, maybe, ...Romania Edited November 14, 2018 by truman Link to comment Share on other sites More sharing options...
Magilla Posted November 15, 2018 Share Posted November 15, 2018 HaHaHaHaHaHaHa! Good joke. Seriously good Indeed, the irony isn't lost. A Q.E.D moment Link to comment Share on other sites More sharing options...
apelike Posted November 15, 2018 Share Posted November 15, 2018 Productivity 20% below most eurozeon counties and even 7% below Italy. That depend on how you quantify it, normally it is based on GDP per capita so here you go from 2017.. https://countryeconomy.com/countries/compare/italy/uk Employment has everything to do with cheap money as inefficient companies (see productivity above) can only afford to keep going by borrowing money from the bank. Inefficient companies usually go under very quickly as we have already seen over the past several months. Its in their interests to be more efficient otherwise no bank will lend them anything. It has been estimated that UK productivity would increase by several points if the interest rates went ot 5-7% as the zombie companies (see cheap money) would go bust, so uneployment would increas but productivity would also increase. That assumes an interest rate of 5-7%, and where did you get those estimates from? According to you productivity would increase and unemployment would also increase as a result. How is the inflation we have so far good for the economoy on a global scale? Inflation in a country is not measured on a global level only on a local one and the effect it has on its economy. Skills shortages are due to the number of skilled people who have either left due to Brexit, or who haven't come due to the weakness of the pound - both directly attributable to Brexit. As said we have had in the past and still have skill shortages well before brexit. Maybe you could provide some proper details about it all being because of brexit. ---------- Post added 15-11-2018 at 01:19 ---------- How about Germany? Or Ireland? Or Denmark Or even Poland? And surprisingly, maybe, ...Romania If you use the link I provided in my above post you can compare any country with the UK, it may also surprise you.. Link to comment Share on other sites More sharing options...
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