The Consequences of Brexit [part 5] Read 1st post before posting

[woodview]

Just now, Magilla said:

Measures were taken to mitigate the effect, by people who knew what to do to avoid the predicted disaster... hence the more relevant comparison with Y2K:

https://www.independent.co.uk/news/business/news/credit-brexit-vote-financial-crisis-bank-of-england-governor-mark-carney-a7591666.html

 

The reality is that Osbornes dire predictions might have been a little hasty, but there is still every chance they could materialise going forward. Not so much for that £350m for the NHS, sadly

AKA they were both ficitious.

[Magilla]

2 minutes ago, woodview said:

AKA they were both ficitious.

LOL, Y2K was anything but fictitious, quite the opposite.

Edited November 26, 2018 by Magilla

[woodview]

Just now, Magilla said:

LOL, Y2K was anything but ficticious, quite the opposite.

As you well know, 'both' meant Osbournes claims and Farages claims

[Magilla]

Just now, woodview said:

As you well know, 'both' meant Osbournes claims and Farages claims

Farages certainly, Osbournes... in the long term, we've yet to find out.

[woodview]

Just now, Magilla said:

Farages certainly, Osbournes... in the long term, we've yet to find out.

Osbournes warnings were for effects immediately following a Leave result. They are false.

[I1L2T3]

11 minutes ago, woodview said:

AKA they were both ficitious.

We don’t know yet.

 

 

4 minutes ago, woodview said:

Osbournes warnings were for effects immediately following a Leave result. They are false.

But then the BoE stepped in, Cameron resigned, May was swiftly elected leader and she promptly kicked the can months down the road.

 

All that resulted in a period of stability. Without those events there is every chance Osborne’s prediction could have come true.

Edited November 26, 2018 by I1L2T3

[woodview]

1 minute ago, I1L2T3 said:

We don’t know yet.

 

 

We do, because Osborne made speeches predicted immediate consequences following the vote. Not just after actually Leaving. After the vote.

 

This is copied from gov.uk , archive of his speech.

 

The Treasury asked one of the country’s leading economists and a former Deputy Governor of the Bank of England, Professor Sir Charles Bean to review the work, and he concludes that it “provides reasonable estimates of the likely size of the short term impact of a vote to leave on the UK economy”.

So what are the numbers from the Treasury analysis?

Economists looked at two scenarios – one where Britain experiences a shock, the second where it’s a severe shock. Under both scenarios here are the results.

This is what happens if Britain leaves: the economy shrinks,

the value of the pound falls,

inflation rises,

unemployment rises,

real wages are hit,

so too are house prices,

and as a result – government borrowing goes up.

The central conclusions of today’s Treasury analysis are clear – a vote to leave will push our economy into a recession.

Within a year of the Referendum, inflation would be over 2% higher.

And let’s be clear who that would hit the most: the lower income families who spend the largest proportion of their income on things like food and energy bills.

In the financial markets, tougher conditions would lead to higher mortgage costs for families.

By 2018 house prices would be hit by at least 10% and as much as 18%.

So that’s what it means to vote to leave the EU.

 

That's what the Chancellor told us. It has proven to be wrong.

Just as the £350m / week was false. The £350m is an incorrect figure, and isn't in the power of the people making the claim, where the actual amount could be spent anyway.

Anybody who can't accept both lied, is peddling an agenda imo.

 

[Lockdoctor]

1 hour ago, Magilla said:

Well, she most likely had to step in after Davis' shambolic efforts.  "Boats float on water", "Ports are predominantly near the sea"....

...as the fantasy they always were.

They have *all* ran away at every opportunity to step up! (Except Davis and Raab, who failed miserably).

Simply nonsense, at every stage Pro-Brexiteers have ran tucked tail and hidden, preferring to howl from the sidelines and providing zero constructive input.

 

They know they can't do any better, it's now merely an exercise in trying to save their political skin.

 

That you're bending over backwards to forgive them with excuse after excuse for their cowardice and failure pretty much says it all.

You're cognitive distortion and hatred towards the Pro Brexiteers is embarrassing.  If the whole country had united after the EU referendum result and all those MPs in Parliament, who voted in favour of holding the EU referendum had respected the result the democratic UK people delivered, then there would be a much more favourable withdrawal agreement on offer from the EU.  The Pro Brexiteers aren't to blame for the current situation we face, but people who share the same mindset as you, who don't respect democracy are to blame.

[Magilla]

19 minutes ago, woodview said:

Osbournes warnings were for effects immediately following a Leave result. They are false.

He was overly hasty, whether he ultimately turns out to be wrong has yet to be decided.

19 minutes ago, I1L2T3 said:

But then the BoE stepped in, Cameron resigned, May was swiftly elected leader and she promptly kicked the can months down the road.

 

All that resulted in a period of stability. Without those events there is every chance Osborne’s prediction could have come true.

Indeed, and every chance they still could, from looking at the current deal on offer.

[woodview]

1 minute ago, Magilla said:

He was overly hasty, whether he ultimately turns out to be wrong has yet to be decided.

Indeed, and every chance they still could, from looking at the current deal on offer.

He said all that stuff would happen within a year of the referendum. Two and a half years have passed.

So a public employee, funded by us, made predictions, had leaflets printed, with our money to spread his word.

AKA both sets lied. Simple. So we can stop pretending one set duped the country and the others were above board. They weren't.