BREXIT - Is This Really Still Rumbling On? 😴
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How does that bloke 'earn' so many bits of dangly tin with no active military service and a record of Captain Mainwaring style TA desk jockeying?0
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orraloon said:
How does that bloke 'earn' so many bits of dangly tin with no active military service and a record of Captain Mainwaring style TA desk jockeying?
I was wondering that. Maybe they are the Christmas chocolate coins he saved for later.0 -
I thought it read weirdly and then I realised it’s written by a member of the IEA - the same lot who inspired the Kwarteng budget.TheBigBean said:A detailed look at Mark Carney's GDP figures.
https://archive.ph/sJAmi
Do you know who funds this think tank?0 -
You still think Carney used the correct figures?rick_chasey said:
I thought it read weirdly and then I realised it’s written by a member of the IEA - the same lot who inspired the Kwarteng budget.TheBigBean said:A detailed look at Mark Carney's GDP figures.
https://archive.ph/sJAmi
Do you know who funds this think tank?0 -
I would suggest that regardless of the author, relying on any single comparator to assess the impact of something as complex as detaching a country from the EU is never going to give an accurate or holistic view.1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0 -
I haven't looked at the figures and I don't intend to. Whilst I believe Carney's picked figures to emphasise his stance , I'm sure the IEA would pick figures to prove the opposite. Similarly posters on here are picking reports to back up their entrenched views. The truth will be somewhere in between.1
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A Huntian variation on the Trussian "I don't accept the premise of the question":
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There were pages of posts about it on this thread with many people questioning where his figures had come from. The article simply explains the errors he made e.g. using UK real and German nominal.rjsterry said:I would suggest that regardless of the author, relying on any single comparator to assess the impact of something as complex as detaching a country from the EU is never going to give an accurate or holistic view.
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Sorry, not making myself clear. I think Carney's figures were nonsense. Proving that they are nonsense at best confirms the relative performance of the two economies over the period in question. I think that in itself is only part of the picture.TheBigBean said:
There were pages of posts about it on this thread with many people questioning where his figures had come from. The article simply explains the errors he made e.g. using UK real and German nominal.rjsterry said:I would suggest that regardless of the author, relying on any single comparator to assess the impact of something as complex as detaching a country from the EU is never going to give an accurate or holistic view.
1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0 -
Here we go:Q: So has the City of London has been damaged, as it loses its crown as the biggest European stock market to Paris?
Saunders says the impact has been wider:
“The UK economy as a whole has been permanently damaged by Brexit.
It’s reduced the economy’s potential output significantly, eroded business investment.
If we hadn’t had Brexit, we probably wouldn’t be talking about an austerity budget this week.
The need for tax rises [and] spending cuts wouldn’t be there, if Brexit hadn’t reduced the economy’s potential output so much.0 -
But But But,
The City is too important for Europe, we hold all the cards...
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Uh-oh
“New York has the haircuts, London has the trousers, but Belfast has the reason!0 -
The dial continues to shift, not least as 20% of Leave voters think it was the wrong thing to do, in hindsight.
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“New York has the haircuts, London has the trousers, but Belfast has the reason!0
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Do they explain why? as according to TWH’s post they have got what they voted for. To paraphrase Philip Hammond “”the British people voted to make themselves poorer”briantrumpet said:The dial continues to shift, not least as 20% of Leave voters think it was the wrong thing to do, in hindsight.
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tailwindhome said:
As the old joke goes if you ask two economists a question you will get three answers. With Brexit every economist in the world (except Patrick Minford) gave the same answer.0 -
It’s noticeable how the Government were quick to point the finger of blame for the rate of inflation and Ukraine yet don’t mention Brexit as another part of the cause. Why don’t they have the guts to accept it is a contributing factor but state it was worth it to break free of the chains?1
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Because the entire cabinet bar hunt is a brexiter. It’s on themPross said:It’s noticeable how the Government were quick to point the finger of blame for the rate of inflation and Ukraine yet don’t mention Brexit as another part of the cause. Why don’t they have the guts to accept it is a contributing factor but state it was worth it to break free of the chains?
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Old people don’t want anyone to have anything0 -
Pross said:
It’s noticeable how the Government were quick to point the finger of blame for the rate of inflation and Ukraine yet don’t mention Brexit as another part of the cause. Why don’t they have the guts to accept it is a contributing factor but state it was worth it to break free of the chains?
Find more statistics at Statista0 -
I’m not sure the BoE is necessarily wholly impartial re “Causes of current economic malaise” given that all the Covid era QE and then being slow out of the traps re recognising the severity of the then-upcoming inflation this time last year are both BoE calls that might have contributed negatively to the current malaise.
But the impact of ill health on the size of the workforce post-Covid is very interesting as that is apparently U.K.-specific but not obviously anything to do with Brexit. Though I’m sure someone will find an angle!0 -
You’re right there’s a lot of people leaving work for long term health but iirc not that much of it was covid related0
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Sorry. By “post-Covid” I meant after the era of Covid restrictions not following individual bouts of Covid so would include people ill now that couldn’t get relatively minor things treated during the covid restrictions in the nhs.rick_chasey said:You’re right there’s a lot of people leaving work for long term health but iirc not that much of it was covid related
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Roger.
You wonder if it’s related to the eye watering waiting times for anything that’s not life threatening0 -
I think that is one significant contributor. The ONS have just published some data on this.rick_chasey said:Roger.
You wonder if it’s related to the eye watering waiting times for anything that’s not life threatening
https://www.ons.gov.uk/employmentandlabourmarket/peoplenotinwork/economicinactivity/articles/halfamillionmorepeopleareoutofthelabourforcebecauseoflongtermsickness/2022-11-10
Half a million extra people out of the workforce due to long term sickness.1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0 -
Not just that. Regular screening was one of the things that got put on the back burner.rick_chasey said:Roger.
You wonder if it’s related to the eye watering waiting times for anything that’s not life threatening
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For sure. The interesting thing is that it was already on the rise pre rona.wallace_and_gromit said:
Not just that. Regular screening was one of the things that got put on the back burner.rick_chasey said:Roger.
You wonder if it’s related to the eye watering waiting times for anything that’s not life threatening0 -
Strong Tory argument here for 'moving on'... well, maybe, if she chose different words, and put them in a different order, coherently.
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“New York has the haircuts, London has the trousers, but Belfast has the reason!0
