The Economy is in for a rough ride

[Jack Knave]

Let's wait for this bounce to happen then.

I couldn't agree with you more - all good things come to those who wait.

[floo]

And some will have to wait a very long time for this Brexit disaster to sort itself out.

[Jack Knave]

And some will have to wait a very long time for this Brexit disaster to sort itself out.

Only those who whinge on about it!!!

[floo]

Only those who whinge on about it!!!

A lot of leave supporters are regretting it now!

[Jack Knave]

A lot of leave supporters are regretting it now!

A lot? Go on then name say half of them.

[L.A.]

A lot? Go on then name say half of them.

Strangely, there are a significant number of people who actually believed those Brexiteer lies. It would be extremely interesting to do a poll to see how many Leave voters now feel betrayed.

[floo]

Strangely, there are a significant number of people who actually believed those Brexiteer lies. It would be extremely interesting to do a poll to see how many Leave voters now feel betrayed.

It would be very interesting indeed.

[Walt Zingmatilder]

NHS faces cuts. Where are Johnson, Gove and Leadsom now?......probably voting for them.
Good moment for Johnson to resign since the pledge to put more money into the NHS has gone the other way. Go on Boris do the decent think and make a stand for what Brexit was all about.

Cuts were coming anyway, Brexit or not.

Brexiteers.....bit of a phyrric victory what?

[Aruntraveller]

More of the wonderful side effects from Brexit and its fans:

https://www.theguardian.com/money/2016/aug/27/brexit-millions-risk-pension-shortfall-city

ITs almost like Brexiteers had no financial knowledge at all. 

[floo]

More of the wonderful side effects from Brexit and its fans:

https://www.theguardian.com/money/2016/aug/27/brexit-millions-risk-pension-shortfall-city

ITs almost like Brexiteers had no financial knowledge at all. 

Those voting to leave the EU seemed to have misjudged what it would mean for the UK in terms of the economy. 

[Brownie]

Floo, Jack asked a reasonable question.

Quote from: Floo on August 20, 2016, 05:07:39 PM
A lot of leave supporters are regretting it now!

Jack:  A lot? Go on then name say half of them.

I found this: http://www.independent.co.uk/news/uk/politics/brexit-news-second-eu-referendum-leave-voters-regret-bregret-choice-in-millions-a7113336.html

[jeremyp]

Those voting to leave the EU seemed to have misjudged what it would mean for the UK in terms of the economy.

No, I don't think so. I think they just decided that they are happy to accept the consequences.

I read an article a while back that claimed that the Remainers lost because they concentrated on the economic consequences rather than the other issues (that includes me). For most people, the economics are what will impact them but they have experienced economic downturns before, so they accept the risk and look at the shiny patriotic Brexit promises of taking our country back.

[floo]

No, I don't think so. I think they just decided that they are happy to accept the consequences.

I read an article a while back that claimed that the Remainers lost because they concentrated on the economic consequences rather than the other issues (that includes me). For most people, the economics are what will impact them but they have experienced economic downturns before, so they accept the risk and look at the shiny patriotic Brexit promises of taking our country back.

I rather doubt they are happy to accept the consequences if it hits them in the pocket!

[L.A.]

No, I don't think so. I think they just decided that they are happy to accept the consequences.

I read an article a while back that claimed that the Remainers lost because they concentrated on the economic consequences rather than the other issues (that includes me). For most people, the economics are what will impact them but they have experienced economic downturns before, so they accept the risk and look at the shiny patriotic Brexit promises of taking our country back.

I don't think it is a simple as that.

The remain campaign made the emotional argument for 'Independence' and 'Freedom' and dismissed the economic arguments with idiotic comments about the 'Establishment' and 'Experts' - plus several blatant lies, such as the supposed £350 million pounds per week that we would save.

A lot of Leave voters are starting to realise that they were duped by this and are not happy and will be considerably less so when the economic realities fully 'kick-in'

[Walt Zingmatilder]

More of the wonderful side effects from Brexit and its fans:

https://www.theguardian.com/money/2016/aug/27/brexit-millions-risk-pension-shortfall-city

ITs almost like Brexiteers had no financial knowledge at all. 

Financial knowledge, political knowledge etc, etc.

I suppose the trouble is the media where you have one wing providing bread and circuses for the people and the other wing, The BBC promoting elitism in news, financial and political coverage and bread and circuses for the rest of us.

[L.A.]

More of the wonderful side effects from Brexit and its fans:

https://www.theguardian.com/money/2016/aug/27/brexit-millions-risk-pension-shortfall-city

ITs almost like Brexiteers had no financial knowledge at all. 

I think that there are two kinds of Brexiteer: Those who haven't a clue about anything and those who know very well how to exploit financial instability to make a killing!

[jeremyp]

I rather doubt they are happy to accept the consequences if it hits them in the pocket!

But there's the "it won't happen to me" thing.

[Nearly Sane]

This certainly is better news


http://www.bbc.co.uk/news/business-37242804

[L.A.]

This certainly is better news


http://www.bbc.co.uk/news/business-37242804

But I wouldn't break-open the vintage champagne just yet, it's very early days. The low pound has made exports cheaper, but the downside is that it's also made imports more expensive which means that there is a significant cost-of-living increase in the pipeline, which could lead lead to an inflationary spiral with wages chasing prices, which means that we become less competitive and exports drop.

It's all happened before.

[jeremyp]

The Independent's Economics Editor discusses leaving the Single Market

It's not pretty. We need to stop this madness now.

[Aruntraveller]

The Independent's Economics Editor discusses leaving the Single Market

It's not pretty. We need to stop this madness now.

Its not going to be stopped. As you have seen on here there are enough economic incompetents around, both in government and in the population at large, who are going to push us all the way out with no regard for the consequences. Thoroughly depressing.

As ever it comes back to the question what does Brexit mean? It clearly means different things to different Brexiters.

As such it is impossible to even guess at what the eventual settlement will be. The only thing that is certain is that it will be detrimental. And for all the bluster and banter of some on here there is simply no way around the pain that is going to be caused. It will be toothache or very bad toothache - and all the dentists will have hopped it to Australia.

[BashfulAnthony]

Its not going to be stopped. As you have seen on here there are enough economic incompetents around, both in government and in the population at large, who are going to push us all the way out with no regard for the consequences. Thoroughly depressing.

As ever it comes back to the question what does Brexit mean? It clearly means different things to different Brexiters.

As such it is impossible to even guess at what the eventual settlement will be. The only thing that is certain is that it will be detrimental. And for all the bluster and banter of some on here there is simply no way around the pain that is going to be caused. It will be toothache or very bad toothache - and all the dentists will have hopped it to Australia.

Joseph E. Stiglitz, Nobel Prize winner in economics, thinks diametrically the opposite.  And he is not the only one, by any means.  So, on what economic grounds - I trust you are an economist - do you make the above assertions?

[Aruntraveller]

Joseph E. Stiglitz, Nobel Prize winner in economics, thinks diametrically the opposite.  And he is not the only one, by any means.  So, on what economic grounds - I trust you are an economist - do you make the above assertions?

I sincerely hope he is proved right. I just don't think he will be. We can trade economists till the sun goes down. It doesn't change the fact that we are cutting ourselves out of an economic block that we have currently got good trading terms with - and after our exit we will have less favourable terms with.

Anyway I thought it was just about stopping the migrants form coming and putting a strain on all our services. It will all be fine and dandy once they've all gone home and all the good old English lads (and lasses - don't want to be accused of being sexist) get out in the fields and pick the lettuces.

I trust that your questioning of my economic credentials is done so from a position of similar economic knowledge 

[floo]

Its not going to be stopped. As you have seen on here there are enough economic incompetents around, both in government and in the population at large, who are going to push us all the way out with no regard for the consequences. Thoroughly depressing.

As ever it comes back to the question what does Brexit mean? It clearly means different things to different Brexiters.

As such it is impossible to even guess at what the eventual settlement will be. The only thing that is certain is that it will be detrimental. And for all the bluster and banter of some on here there is simply no way around the pain that is going to be caused. It will be toothache or very bad toothache - and all the dentists will have hopped it to Australia.

The Brexit bunch will no doubt blame everyone but their idiot selves when the proverbial really hits the fan.

[BashfulAnthony]

I sincerely hope he is proved right. I just don't think he will be. We can trade economists till the sun goes down. It doesn't change the fact that we are cutting ourselves out of an economic block that we have currently got good trading terms with - and after our exit we will have less favourable terms with.

Anyway I thought it was just about stopping the migrants form coming and putting a strain on all our services. It will all be fine and dandy once they've all gone home and all the good old English lads (and lasses - don't want to be accused of being sexist) get out in the fields and pick the lettuces.

I trust that your questioning of my economic credentials is done so from a position of similar economic knowledge 

Brexit was about migration, sovereignty and finding our own way in the world. as we always have.

With regard to my economic credentials, I have none, the same as everyone else on here, that's why I quoted the best available authority - Joseph E.Stiglitz, rather than rely on second and third rate, uninformed, scare-mongering.