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The Brexit Thread (LOCKED)

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hedgehog50 Flag Croydon 27 Jun 17 10.17am

Originally posted by CambridgeEagle

What if they are better rules and regulations than those that would be imposed upon you by your MP and the 649 MPs you couldn't vote for? And those civil servants you don't vote for. And all those "advisers" and "chiefs of staff" and "policy wonks" who you definitely don't vote for. And the Tory paymasters. The biggest corporate donors to the Tories in the run up to this election was the property industry. By a long way. They gave Labour nothing. Why - they like deregulation when it comes to building things and aspects such as minimum standards and health and safety. How has that worked out for ordinary people?

Your post sums up the Remainer attitude that the EU knows best - some Romanian official based in a nice office in Brussels knows what is best for someone living in Rutland. Why don't most businesses give money to the Tory party? Would be like foxes helping the local hunt.

 


We have now sunk to a depth at which the restatement of the obvious is the first duty of intelligent men. [Orwell]

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davenotamonkey Flag 27 Jun 17 10.28am Send a Private Message to davenotamonkey Add davenotamonkey as a friend

Originally posted by Mstrobez

Well the reason is quite clearly linked to Brexit isn't it? I mean come on let's be real and straight forward about this for one day at least. Britain has had slower economic growth since the Brexit result than Greece, good grief, if that doesn't make someone unbury their head from the sand I don't know what will.

OK Mstrobez. Let's be real and straight forward about it. Last 4 quarterly GDP growth rates from Greece:

0.4%
0.7%
-1.1%
0.4%

UK:
0.6%
0.5%
0.7%
0.2%

[Link]
[Link]

Let's invest a pretend £100 into each economy at the Brexit result, and see where we end up:

UK: £102.01
Greece: £100.39

"Quite clearly linked to Brexit isnt [sic] it?"

Here, to shut you up, I did a few more:

Italy: £101.10
Germany: £101.71
Spain: £103.03
France: £101.10

So. Only Spain (a full 10 places below us in the global GDP ranking) has grown faster. Whoopee. Let's all be like Spain. 20% unemployment rate. 40% youth unemployment rate. An nomadic labour force roaming Europe for menial work.

[Link]

Yes, we *will* encounter financial risks on the way to leaving the EU, and this was acknowledged by the Leave campaign. Funny how there's no mention of the financial risks of remaining in the EU? Is that because there are none? It's all very well delightedly hammering away at this doomsday scenario where the UK is destined for destitution, but (as much as you want it to be the case), the figures have thus-far shown otherwise....

..and if we encounter difficulties on the way: better that than shackled to a distant, rapidly federalising, power-grabbing union hell-bent on realising their socialist dream without seeking popular consent from their minions.

In short. Shut up.

 

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CambridgeEagle Flag Sydenham 27 Jun 17 10.35am Send a Private Message to CambridgeEagle Add CambridgeEagle as a friend

Originally posted by hedgehog50

Your post sums up the Remainer attitude that the EU knows best - some Romanian official based in a nice office in Brussels knows what is best for someone living in Rutland. Why don't most businesses give money to the Tory party? Would be like foxes helping the local hunt.

I've already explained I'm not anti-Brexit.

I agree a success can be made of Brexit, but I really don't think the issues with the EU are the unelected nature of some officials as that's also the case here.

I think the EU is in need of reform but so is our own economy and politics.

 

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steeleye20 Flag Croydon 27 Jun 17 10.45am Send a Private Message to steeleye20 Add steeleye20 as a friend

Originally posted by CambridgeEagle

I've already explained I'm not anti-Brexit.

I agree a success can be made of Brexit, but I really don't think the issues with the EU are the unelected nature of some officials as that's also the case here.

I think the EU is in need of reform but so is our own economy and politics.

I agree a success can be made of Brexit.

A lot of people say this and it is a typical meaningless piece of deflection.

There is not and never has been, any plan for the UK after brexit, it is entirely a risk.

As for the EU needing reform it will be in a much better place after brexit with no deal and no UK at all.


 

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hedgehog50 Flag Croydon 27 Jun 17 10.46am

Originally posted by davenotamonkey

OK Mstrobez. Let's be real and straight forward about it. Last 4 quarterly GDP growth rates from Greece:

0.4%
0.7%
-1.1%
0.4%

UK:
0.6%
0.5%
0.7%
0.2%

[Link]
[Link]

Let's invest a pretend £100 into each economy at the Brexit result, and see where we end up:

UK: £102.01
Greece: £100.39

"Quite clearly linked to Brexit isnt [sic] it?"

Here, to shut you up, I did a few more:

Italy: £101.10
Germany: £101.71
Spain: £103.03
France: £101.10

So. Only Spain (a full 10 places below us in the global GDP ranking) has grown faster. Whoopee. Let's all be like Spain. 20% unemployment rate. 40% youth unemployment rate. An nomadic labour force roaming Europe for menial work.

[Link]

Yes, we *will* encounter financial risks on the way to leaving the EU, and this was acknowledged by the Leave campaign. Funny how there's no mention of the financial risks of remaining in the EU? Is that because there are none? It's all very well delightedly hammering away at this doomsday scenario where the UK is destined for destitution, but (as much as you want it to be the case), the figures have thus-far shown otherwise....

..and if we encounter difficulties on the way: better that than shackled to a distant, rapidly federalising, power-grabbing union hell-bent on realising their socialist dream without seeking popular consent from their minions.

In short. Shut up.

Bravo Dave!

 


We have now sunk to a depth at which the restatement of the obvious is the first duty of intelligent men. [Orwell]

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davenotamonkey Flag 27 Jun 17 11.04am Send a Private Message to davenotamonkey Add davenotamonkey as a friend

Originally posted by .TUX.

As we know, two more Italian banks failed over the weekend-- Banco Popolare di Vicenza and Veneto Banca.
The Italian Prime Minister himself stated that depositors’ funds were at risk, so the government stepped in with a bailout and guarantee package that could cost taxpayers as much as 17 billion euros.
That’s a lot of money, around 1% of GDP (it’s basically as much as they spent on national defense last year according to an estimate by Italian think tank IAI).
You don’t have to have a PhD in economics to figure out that NO government can afford to spend its entire defense budget every time a couple of medium-sized banks need a bailout.
That goes especially for Italy, whose public debt level is already 132% of GDP… and rising. They simply don’t have the money.
The thing is........Italy has LOTS of banks that are on the ropes.
Throw into the mix the continual problems in Greece and Spain (along with the Deutsche Bank problems that haven't gone away) then the EU (ECB) looks to be in a bit of a pickle.
But all is well according to many? Hmmmm, good luck with that.

I note the tumbleweed rolling past this post. Why could that be? Is everyone too busy furiously masturbating over any sliver of anti-Brexit news to confirmation-bias engorge themselves on?

 

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Stirlingsays Flag 27 Jun 17 2.47pm Send a Private Message to Stirlingsays Holmesdale Online Elite Member Add Stirlingsays as a friend

Originally posted by CambridgeEagle

Exactly one of the major reasons the EU is in need of serious reform.

Ah...you idealist you.

If there is one think we have learnt about the EU it's that it doesn't do reform.

 


'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)

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Stirlingsays Flag 27 Jun 17 2.51pm Send a Private Message to Stirlingsays Holmesdale Online Elite Member Add Stirlingsays as a friend

Originally posted by steeleye20

I agree a success can be made of Brexit.

A lot of people say this and it is a typical meaningless piece of deflection.

There is not and never has been, any plan for the UK after brexit, it is entirely a risk.

As for the EU needing reform it will be in a much better place after brexit with no deal and no UK at all.


Two Italian banks fail....and you still talk of 'risk' as if it's just about leaving and not staying in.

I don't actually want the EU to fail but realistically I don't see how it can't.....It's an economic walking timebomb.

We are still damaged when the time comes....but just less than would have been the case.

In a perfect world the EU would reform into a far looser group without an economic union or plans for a superstate...But still a union which recognised the sense of being European and helping and trading with each other.....But this isn't going to happen.

Edited by Stirlingsays (27 Jun 2017 3.00pm)

 


'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)

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Mstrobez Flag 27 Jun 17 3.44pm Send a Private Message to Mstrobez Add Mstrobez as a friend

Originally posted by CambridgeEagle

One of our biggest problems is the reliance our economy places on consumer credit which in turn is propped up by unsecured short term borrowings. Private indebtedness is back at worryingly high levels. Our house is built on sand. As inflation has kicked in as a result of falls in the value of the pound consumers have tightened their belts and so GDP has suffered. The predicted boost to exports has happened, but our manufacturing base has been eroded to such an extent that the impact is insufficient and the fact that we import more than we export, including inputs into manufacturing (and hence our exports).

The other big issue is austerity which has placed ever more reliance on consumer spending to drive the economy.

Austerity has created an unstable economy and also denigrated our public services, allowed infrastructure to crumble and people to be ignored and underutilised all in the name of a Tory ideology. Utterly irresponsible and reprehensible. It has failed and yet May continues with it.

She should give that magic money tree she found the £1bn to buy off the DUP with a shake and see if the £350m a week for the NHS falls out.

Totally agree.

 


We're the Arthur over ere!

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Mstrobez Flag 27 Jun 17 3.55pm Send a Private Message to Mstrobez Add Mstrobez as a friend

Originally posted by davenotamonkey

OK Mstrobez. Let's be real and straight forward about it. Last 4 quarterly GDP growth rates from Greece:

0.4%
0.7%
-1.1%
0.4%

UK:
0.6%
0.5%
0.7%
0.2%

[Link]
[Link]

Let's invest a pretend £100 into each economy at the Brexit result, and see where we end up:

UK: £102.01
Greece: £100.39

"Quite clearly linked to Brexit isnt [sic] it?"

Here, to shut you up, I did a few more:

Italy: £101.10
Germany: £101.71
Spain: £103.03
France: £101.10

So. Only Spain (a full 10 places below us in the global GDP ranking) has grown faster. Whoopee. Let's all be like Spain. 20% unemployment rate. 40% youth unemployment rate. An nomadic labour force roaming Europe for menial work.

[Link]

Yes, we *will* encounter financial risks on the way to leaving the EU, and this was acknowledged by the Leave campaign. Funny how there's no mention of the financial risks of remaining in the EU? Is that because there are none? It's all very well delightedly hammering away at this doomsday scenario where the UK is destined for destitution, but (as much as you want it to be the case), the figures have thus-far shown otherwise....

..and if we encounter difficulties on the way: better that than shackled to a distant, rapidly federalising, power-grabbing union hell-bent on realising their socialist dream without seeking popular consent from their minions.

In short. Shut up.

It's weird that no one mentioned this during the EU referendum isn't it? You lot said there would be none, none at all, zilch, we were on the road to prosperity and freedom. Doomsday? You've even yourself admitted that we're taking financial risks but once again haven't outlined the reason why. You yourself have shown in the last quarter, as our situation becomes more and more uncertain that we had less growth than Greece and guess what mate - we haven't even left yet! The argument you seem to hold is that we may well be OK in the end, which I've never doubted, but that as a reason to leave the EU is absolute insanity. Leavers seem to rush to argue that things are looking like we won't be completely doomed to support the argument of this ridiculous economic uncertainty. We clearly have a lessening control of affairs, sovereignty is a weightless argument and the country is poorer but hey we can get rid of those smelly faceless immigrants (none that you know of course) can't we so it'll all be worth it in the end. People like me should stop talking down the country.

 


We're the Arthur over ere!

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Stirlingsays Flag 27 Jun 17 3.59pm Send a Private Message to Stirlingsays Holmesdale Online Elite Member Add Stirlingsays as a friend

Originally posted by Mstrobez

'sovereignty is a weightless argument'

This is all you need to pretty much tell you that debating with this viewpoint on the EU is utterly pointless.

 


'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)

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Mstrobez Flag 27 Jun 17 4.05pm Send a Private Message to Mstrobez Add Mstrobez as a friend

Originally posted by Stirlingsays

This is all you need to pretty much tell you that debating with this viewpoint on the EU is utterly pointless.

Parliament has “remained sovereign throughout our membership to the EU” despite people “not always feeling like that”, the Brexit White Paper says.

You lot contradict yourselves at pretty much every corner. It's literally like a religion.

 


We're the Arthur over ere!

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