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The Brexit Thread (LOCKED)

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JohnyBoy Flag 25 Feb 16 10.33am Send a Private Message to JohnyBoy Add JohnyBoy as a friend

Originally posted by Hoof Hearted

It won't cut no ice with Kermit though Danny.

I am not a regular poster but reading this thread really has got me shaking my head.
Whilst nobody 'knows' for certain what will happen in the event of a brexit (or for that matter any event in the future) any analysis of the economic impact clearly favours an 'in' vote.
A bloomberg survey of economists this morning has found that the risk of a recession in the event of brexit has tripled and 29 of 34 saw sterling slipping below 1.35 versus the dollar.
I am an economist myself and i disagree slightly with the first statement although i do see gdp being reduced by approximately 0.5% per annum in the event of brexit which could tip us into recession, in a low growth environment. I am however much more bearish on sterling and can see it dropping to around 1.10. Whilst i try to remain politically non aligned, when i read people quoting lord lawson (famous for the green shoots of economic spring budget, 3.5m unemployed, worst housing bubble in uk history, record high interest rates and inflation (except 74 oil crisis)) or from what i can see a bunch of political mavericks (Boris, Gove, Farage) who havnt got a single economics qualification between them blindly telling us that we would be better off, i truly shudder.
The fact is that economic downturns or recessions effect everybody but is felt most keenly by tradespeople and small businesses. Taking out 'cheaper' european labour WILL NOT increase wages (only min or living wage Policy can try to schieve that) but it will reduce demand.
When Switzerland (where i lived for 3.5 years) negotiated their free trade agreement they had to give a lot more than they received i.e. they had to allow more foreign labour in, in return for free trade and were much worse off than if they had been full eu members.
The euro is a completely different debate to the brexit debate - the weakness of the euro being that centralised monetary policy will not work for a country if their business cycle is out of step with the rest of the area i.e we could have high interest rates when we need low ones. We shouldnt be distracted by any more misinformation that uses the euro debate as a rationale.
Aside from the frankly overwhelming economic arguments, i quite like thd fact that i and my children have got the right to live and work throughout the eu, i can walk through the blue channel at the airport without having to pay excise duty (nb the Swiss were not given this), that i dont pay a tariff on a new suit from italy or bottle of wine from France purely to protect a domestic business from competition. Remember competition is good for consumers in terms of choices, freedoms and prices.
So whilst the eu is not perfect (but what system is?) We are massively better off being part of it. Please vote 'in'

 

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nickgusset Flag Shizzlehurst 25 Feb 16 10.37am

survey... Remain with little joy.

 

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Rudi Hedman Flag Caterham 25 Feb 16 10.45am Send a Private Message to Rudi Hedman Add Rudi Hedman as a friend

Originally posted by nickgusset

How long will it take to renegotiate trade deals with more than 50 countries who the U.K trades with on the basis of being in the E.U?

Less time than it's taken our exports to the EU to fall from 66% to 45%. The crossover where Eu exports hit 49% and exports to the rest of the word hit 51% was in 2008 and as I say, our exports to the EU are now at 45% and still falling.

Why are they falling since 2008? Partly because the rest of the world has more room for expansion and the southern countries in the Eurozone currency and EU are too different, corrupt and manana for it to work.

 


COYP

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Rudi Hedman Flag Caterham 25 Feb 16 10.53am Send a Private Message to Rudi Hedman Add Rudi Hedman as a friend

Originally posted by JohnyBoy

Aside from the frankly overwhelming economic arguments, i quite like thd fact that i and my children have got the right to live and work throughout the eu, i can walk through the blue channel at the airport without having to pay excise duty (nb the Swiss were not given this), that i dont pay a tariff on a new suit from italy or bottle of wine from France purely to protect a domestic business from competition. Remember competition is good for consumers in terms of choices, freedoms and prices.
So whilst the eu is not perfect (but what system is?) We are massively better off being part of it. Please vote 'in'

Eastern Europe exports people and Western Europe exports goods and services people HERE want, likewise we do too. Tariffs can be applied both ways. All those car makers and French food and wine exporters would not be happy with tariffs on their goods anyway. A lot of us have had enough of this acquiescent nature of our's. If none of these politicians are capable of negotiating anything when we have good bargaining power then it speaks volumes of them.

 


COYP

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Hoof Hearted 25 Feb 16 10.54am

Originally posted by JohnyBoy

I am not a regular poster but reading this thread really has got me shaking my head.
Whilst nobody 'knows' for certain what will happen in the event of a brexit (or for that matter any event in the future) any analysis of the economic impact clearly favours an 'in' vote.
A bloomberg survey of economists this morning has found that the risk of a recession in the event of brexit has tripled and 29 of 34 saw sterling slipping below 1.35 versus the dollar.
I am an economist myself and i disagree slightly with the first statement although i do see gdp being reduced by approximately 0.5% per annum in the event of brexit which could tip us into recession, in a low growth environment. I am however much more bearish on sterling and can see it dropping to around 1.10. Whilst i try to remain politically non aligned, when i read people quoting lord lawson (famous for the green shoots of economic spring budget, 3.5m unemployed, worst housing bubble in uk history, record high interest rates and inflation (except 74 oil crisis)) or from what i can see a bunch of political mavericks (Boris, Gove, Farage) who havnt got a single economics qualification between them blindly telling us that we would be better off, i truly shudder.
The fact is that economic downturns or recessions effect everybody but is felt most keenly by tradespeople and small businesses. Taking out 'cheaper' european labour WILL NOT increase wages (only min or living wage Policy can try to schieve that) but it will reduce demand.
When Switzerland (where i lived for 3.5 years) negotiated their free trade agreement they had to give a lot more than they received i.e. they had to allow more foreign labour in, in return for free trade and were much worse off than if they had been full eu members.
The euro is a completely different debate to the brexit debate - the weakness of the euro being that centralised monetary policy will not work for a country if their business cycle is out of step with the rest of the area i.e we could have high interest rates when we need low ones. We shouldnt be distracted by any more misinformation that uses the euro debate as a rationale.
Aside from the frankly overwhelming economic arguments, i quite like thd fact that i and my children have got the right to live and work throughout the eu, i can walk through the blue channel at the airport without having to pay excise duty (nb the Swiss were not given this), that i dont pay a tariff on a new suit from italy or bottle of wine from France purely to protect a domestic business from competition. Remember competition is good for consumers in terms of choices, freedoms and prices.
So whilst the eu is not perfect (but what system is?) We are massively better off being part of it. Please vote 'in'

Your interest is noted Johnny.

If we're bad mouthing our respective "supporters" can you explain some of your team and their merits?

I'm particularly interested in Tony Blair, Gordon Brown, and John Major.

All three are in competition to have been the worst PM's in history and one of them potentially the worst ever Chancellor. Selling Gold at rock bottom prices and declaring an end to boom and bust.... only to find they had only put an end to the boom.

I'm not advocating "Brexit" (God I hate that term) for economic reasons. I agree that for a while there will be a bit of turmoil but we'll be better off in the end.

My reason for leaving is purely about control of immigration and our right to control this and our own laws.

I was born in 1954 and have seen our country deteriorate slowly from over-population at first then overran by immigrants thanks largely to Tony Blair's reckless open door policy.

Our infrastructure cannot cope now and matters will only get worse. As members of the EU we have no way of stopping our population rising exponentially in the future. Cameron's concessions that he "fought hard" to win (lol) will have zero effect on curbing the desire of people to want to come and live here.

A vote to stay in the EU is a kick in the balls to our children and their children who might want to be living a happy life in an uncrowded island. I'll be dead before this happens thankfully.

 

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Hoof Hearted 25 Feb 16 11.01am

Originally posted by npn

I got

With a heavy heart, you've decided you can take no more - but you could be tempted back.
VOTE IN JUNE: Leave (probably)

I got a picture of Nigel Farage and this....

To you, staying in the EU would be like staying in a relationship you accidentally strayed into with your cat. We're a proud Judeo-Christian nation founded on hundreds of years of heritage. Why on earth should anyone tell us what to do, even if it's occasionally right?
VOTE IN JUNE: Leave at 100mph

 

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JohnyBoy Flag 25 Feb 16 11.16am Send a Private Message to JohnyBoy Add JohnyBoy as a friend

Originally posted by Hoof Hearted

Your interest is noted Johnny.

If we're bad mouthing our respective "supporters" can you explain some of your team and their merits?

I'm particularly interested in Tony Blair, Gordon Brown, and John Major.

All three are in competition to have been the worst PM's in history and one of them potentially the worst ever Chancellor. Selling Gold at rock bottom prices and declaring an end to boom and bust.... only to find they had only put an end to the boom.

I'm not advocating "Brexit" (God I hate that term) for economic reasons. I agree that for a while there will be a bit of turmoil but we'll be better off in the end.

My reason for leaving is purely about control of immigration and our right to control this and our own laws.

I was born in 1954 and have seen our country deteriorate slowly from over-population at first then overran by immigrants thanks largely to Tony Blair's reckless open door policy.

Our infrastructure cannot cope now and matters will only get worse. As members of the EU we have no way of stopping our population rising exponentially in the future. Cameron's concessions that he "fought hard" to win (lol) will have zero effect on curbing the desire of people to want to come and live here.

A vote to stay in the EU is a kick in the balls to our children and their children who might want to be living a happy life in an uncrowded island. I'll be dead before this happens thankfully.

I take your point hoof but the truth is 'do you want free trade or immigration' because they are are intrinsically linked even if we have brexit as EFTA also demands freedom of labour (degree of which is agreement dependent.) If you are arguing for economic isolation ( i would admire your honesty if you were) then history tells us e.g Devalera's ireland)that we would enter severe economic decline.
Some of the right wing press may print daily stories of our public services being under pressure but the truth is they have always been, but if the economy declines it will get a lot worse. Additionally it seems to me they are trying to spread fear - i went to school during the Thatcher years where class sizes were hitting 40 per class (now limited to 30), but fear of scarcity is good to sell newspapers but can be very misleading in this economic debate.
I wont get into a comparison of political figures ad this usually degenerates into tribalism but just wanted to point out that the political mavericks i have mentioned havnt had a glorious eceonomic past -although i take your point that gordon brown is also tainted by his market timing on gold.

 

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jamiemartin721 Flag Reading 25 Feb 16 11.27am

Originally posted by Hoof Hearted

I got a picture of Nigel Farage and this....

To you, staying in the EU would be like staying in a relationship you accidentally strayed into with your cat. We're a proud Judeo-Christian nation founded on hundreds of years of heritage. Why on earth should anyone tell us what to do, even if it's occasionally right?
VOTE IN JUNE: Leave at 100mph

Problem for me, is that these kinds of statement make me think twice about voting out (which I am inclined towards due to the EU's pandering to corporate interests). As a reason nationalism makes no sense as a reason to vote for an exit, let alone the idea of a Judeo-Christian Country which is an even more absurd reason to vote out.

Problem is, an out vote won't really change much. UK law will still fall under the European Court for Arbitration and we'll almost certainly end up joining the EEA and EFTA, because its of massive corporate interest, if not necessarily social interest.

I'd vote Yes twice, if it meant Britain First would f**k off.

I'm still in the out column, but its an uneasy feeling to see the absurdly ideological promoted as a reason for a very major change.

 


"One Nation Under God, has turned into One Nation Under the Influence of One Drug"
[Link]

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jamiemartin721 Flag Reading 25 Feb 16 11.31am

Originally posted by JohnyBoy

I take your point hoof but the truth is 'do you want free trade or immigration' because they are are intrinsically linked even if we have brexit as EFTA also demands freedom of labour (degree of which is agreement dependent.) If you are arguing for economic isolation ( i would admire your honesty if you were) then history tells us e.g Devalera's ireland)that we would enter severe economic decline.
Some of the right wing press may print daily stories of our public services being under pressure but the truth is they have always been, but if the economy declines it will get a lot worse. Additionally it seems to me they are trying to spread fear - i went to school during the Thatcher years where class sizes were hitting 40 per class (now limited to 30), but fear of scarcity is good to sell newspapers but can be very misleading in this economic debate.
I wont get into a comparison of political figures ad this usually degenerates into tribalism but just wanted to point out that the political mavericks i have mentioned havnt had a glorious eceonomic past -although i take your point that gordon brown is also tainted by his market timing on gold.

Public services are under pressure due to cuts, and the failure of the state to properly redirect resources obtained through migrant workers via taxation etc into public services.

The truth is that years ago we needed to raise taxation in line with public spending on key services. Instead we had nearly three decades of tax cuts and stealth taxation used to fund those cuts, to get parties re-elected. Labours PFI projects have added to the burden, cheaper in the short term, more expensive in the long term.

We as a nation must learn that nothing is free, everything must be paid for, and the best approach has always been through taxation, if you want the services to be accountable, reliable and resilient.

 


"One Nation Under God, has turned into One Nation Under the Influence of One Drug"
[Link]

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Lyons550 Flag Shirley 25 Feb 16 11.36am Send a Private Message to Lyons550 Add Lyons550 as a friend

Originally posted by Hoof Hearted

Can you do the same for the 'far right' who were accused of scaremongering by a poster earlier today and was is the reason I mentioned 'far left'.

That would've been me Hoof...and by far right I mean organised campaigns from the likes of Britain First and UKIP...does that help(?)

 


The Voice of Reason In An Otherwise Mediocre World

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johnno42000 Flag 25 Feb 16 11.37am Send a Private Message to johnno42000 Add johnno42000 as a friend

Originally posted by jamiemartin721

Problem for me, is that these kinds of statement make me think twice about voting out (which I am inclined towards due to the EU's pandering to corporate interests). As a reason nationalism makes no sense as a reason to vote for an exit, let alone the idea of a Judeo-Christian Country which is an even more absurd reason to vote out.

Problem is, an out vote won't really change much. UK law will still fall under the European Court for Arbitration and we'll almost certainly end up joining the EEA and EFTA, because its of massive corporate interest, if not necessarily social interest.

I'd vote Yes twice, if it meant Britain First would f**k off.

I'm still in the out column, but its an uneasy feeling to see the absurdly ideological promoted as a reason for a very major change.

Take the quiz

 


'Lies to the masses as are like fly's to mollasses...they want more and more and more'

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johnno42000 Flag 25 Feb 16 11.37am Send a Private Message to johnno42000 Add johnno42000 as a friend

Originally posted by Hoof Hearted

I got a picture of Nigel Farage and this....

To you, staying in the EU would be like staying in a relationship you accidentally strayed into with your cat. We're a proud Judeo-Christian nation founded on hundreds of years of heritage. Why on earth should anyone tell us what to do, even if it's occasionally right?
VOTE IN JUNE: Leave at 100mph

 


'Lies to the masses as are like fly's to mollasses...they want more and more and more'

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