tempobet tipobet Instagram Profiles
Jesus lads, 'tis looking like BREXIT! - Page 3212 - Peoples Republic Of Cork Discussion Forums

Go Back   Peoples Republic Of Cork Discussion Forums > The Langers Forum
User Name
Password
Reply
 
Thread Tools Display Modes
  #32111  
Old 21-09-2019, 08:03 AM
Stacky Stacky is offline
 
Join Date: Feb 2010
Posts: 35,229
Default

Quote:
Originally Posted by an liathroid beag View Post
Nail on the head by Fintan

And the underlying political obstacle is that, in one sense, the Brexiteers are right: any negotiable deal is a bad deal for the UK because it is demonstrably worse than the status quo. It swaps first-class EU membership for second-class EU membership, and however you dress that up it is a pretty miserable outcome.
I am convinced that the do not even know what the customs union or single market is but they are convinced that they must leave it.


Brexit has broken Britain
Reply With Quote
  #32112  
Old 21-09-2019, 08:23 AM
Conan The Vegetarian Conan The Vegetarian is offline
 
Join Date: Apr 2014
Posts: 10,558
Default

Quote:
Originally Posted by an liathroid beag View Post
Nail on the head by Fintan

And the underlying political obstacle is that, in one sense, the Brexiteers are right: any negotiable deal is a bad deal for the UK because it is demonstrably worse than the status quo. It swaps first-class EU membership for second-class EU membership, and however you dress that up it is a pretty miserable outcome.
The man who lives up to his name is right for once, leave means leave.
Reply With Quote
  #32113  
Old 21-09-2019, 08:25 AM
Conan The Vegetarian Conan The Vegetarian is offline
 
Join Date: Apr 2014
Posts: 10,558
Default

Quote:
Originally Posted by Stacky View Post
I am convinced that the do not even know what the customs union or single market is but they are convinced that they must leave it.


Brexit has broken Britain
The EU has broken Greece, and Italy, and now recession hit Germany.
Reply With Quote
  #32114  
Old 21-09-2019, 08:39 AM
Stacky Stacky is offline
 
Join Date: Feb 2010
Posts: 35,229
Default

Quote:
Originally Posted by Conan The Vegetarian View Post
The EU has broken Greece, and Italy, and now recession hit Germany.
There would be no more recessions if countries were not in the E.U.?

Italy and Greece were financially stable before they joined the E.U.?

How did that work out in the global recession in 2009?



Stick to the predictions.
Reply With Quote
  #32115  
Old 21-09-2019, 08:47 AM
Conan The Vegetarian Conan The Vegetarian is offline
 
Join Date: Apr 2014
Posts: 10,558
Default

Quote:
Originally Posted by Stacky View Post
There would be no more recessions if countries were not in the E.U.?

Italy and Greece were financially stable before they joined the E.U.?

How did that work out in the global recession in 2009?



Stick to the predictions.


What was the size of their national debt before the euro, and what are they now?

I'll wait.
Reply With Quote
  #32116  
Old 21-09-2019, 08:48 AM
Conan The Vegetarian Conan The Vegetarian is offline
 
Join Date: Apr 2014
Posts: 10,558
Default

The only weapon in the Remain camp’s armoury was Project Fear.

It was first launched to suggest that a simple vote to leave the EU would result in an instant deep recession with the loss of a million jobs and potentially a run on the banks. Well, that theory was virtually instantly debunked. The UK ended 2016 as the fastest growing economy in the G7.

Since then the UK economy has gone from strength to strength. Far from a million jobs being lost, a million jobs have been created. Unemployment is at an all-time low and wage growth has finally begun to establish itself.

The mantra then shifted to: “well we have not yet left the EU and, once we do, there will be a deep protracted recession”. The wheels on that claim came off on 21 January this year when the FT (a bastion of Remain) admitted that mainstream economic forecasters were no longer predicting a recession in the event of a no-deal Brexit. Sufficient government and EU planning had already been done, by that stage, in order to avoid it. In fact, as we now know, our government had done precious little no-deal planning – Hammond had refused to allow it to do so – seems to me that a deep Brexit-induced recession was never on the cards.

The next nail in the coffin for Project Fear came in March when Mark Carney declared that the financial services sector was ready for no-deal. To the extent that subsidiaries of financial institutions had to be set up on the mainland and jobs moved, this had already taken place. The cost in terms of jobs to achieve this feat: a total of 1,500, as compared to the 75,000 job losses predicted in 2016. Services accounts for some 70 per cent*of the UK’s GDP and the financial sector is a large component of this. Bang went a crucial leg of Project Fear. And, in case Remainers have not noticed, the financial services sector is performing pretty damn well right now.*

The next port of call for Project Fear was, yes you guessed it, our ports. Theory had it that they would be so snarled up that there would be a lettuce crisis in the UK. It must be so annoying that both Douglas Bannister, CEO of the port of Dover and Jean-Marc Puissesseau, President of the combined ports of Calais and Boulogne, have declared that their ports can cope with any disruption thrown up by a no-deal Brexit. Indeed Mr*Puissesseau described scaremongering over disruption as “La*Bullsh**”. A hammer blow for Yellowhammer.

So where is Project Fear currently resting? Its suggestion now is that the UK will grow more slowly than it otherwise would, by up to 0.5 per cent*of GDP per annum and that an additional £30 billion per annum in government debt would be wracked up. Forgive me if I do not instantly panic!*

Here’s the problem with Project Fear: it is groundless. Its evidence, to the extent it has any, is formed in economic forecasts based on using the status quo as a starting point and then removing those elements of trade that depend on the Single Market without making any allowance for additional government preparations, government spending, monetary responses, the huge advantage of a floating currency and, last but not least, the extremely adaptive nature of UK businesses.*

Businesses will not sit idly by while the trading and regulatory environment changes. Businesses adapt very quickly. Indeed, times of change can be exceptionally good for business, encouraging them, as it does, to reinvent themselves and modernise. It is also important to bear in mind that the vast majority of businesses in the UK are SMEs and do not export goods. In fact, only 12 per cent*of the UK’s GDP depends on any form of trade with the EU. The case for Project Fear was always overblown.

To win the economic argument, Remainers really had to make the case for a bright EU-led prosperous future. They could not do so because the EU, particularly the Eurozone, is sick, very sick. Interest rates have been in negative territory virtually since the onset of the credit crunch.

There is high unemployment (particularly amongst the youth), a number of Eurozone countries are virtually bust, including France and Italy amongst them. The Euro has these countries locked in a death embrace. And the largest economy in Europe, Germany, is all but in recession.

In invoking Hilaire Belloc’s Jim: “…always keep a-hold of nurse, for fear of finding something worse..”; nurse at least had to be benign but the EU nurse is sclerotic and covered in warts. She is now tending to Project Fear on its deathbed.*
Reply With Quote
  #32117  
Old 21-09-2019, 08:52 AM
Stacky Stacky is offline
 
Join Date: Feb 2010
Posts: 35,229
Default

Quote:
Originally Posted by Conan The Vegetarian View Post


What was the size of their national debt before the euro, and what are they now?

I'll wait.

Oh this is about the €?


The U.K. is not in the Euro and Greece chose to stay in the Euro.


Any other ideas?
Reply With Quote
  #32118  
Old 21-09-2019, 11:10 AM
How bad boy How bad boy is offline
 
Join Date: Nov 2003
Location: MassiveJockNerdLandia
Posts: 20,147
Default

Quote:
Originally Posted by Conan The Vegetarian View Post
The only weapon in the Remain camp’s armoury was Project Fear.

It was first launched to suggest that a simple vote to leave the EU would result in an instant deep recession with the loss of a million jobs and potentially a run on the banks. Well, that theory was virtually instantly debunked. The UK ended 2016 as the fastest growing economy in the G7.

Since then the UK economy has gone from strength to strength. Far from a million jobs being lost, a million jobs have been created. Unemployment is at an all-time low and wage growth has finally begun to establish itself.

The mantra then shifted to: “well we have not yet left the EU and, once we do, there will be a deep protracted recession”. The wheels on that claim came off on 21 January this year when the FT (a bastion of Remain) admitted that mainstream economic forecasters were no longer predicting a recession in the event of a no-deal Brexit. Sufficient government and EU planning had already been done, by that stage, in order to avoid it. In fact, as we now know, our government had done precious little no-deal planning – Hammond had refused to allow it to do so – seems to me that a deep Brexit-induced recession was never on the cards.

The next nail in the coffin for Project Fear came in March when Mark Carney declared that the financial services sector was ready for no-deal. To the extent that subsidiaries of financial institutions had to be set up on the mainland and jobs moved, this had already taken place. The cost in terms of jobs to achieve this feat: a total of 1,500, as compared to the 75,000 job losses predicted in 2016. Services accounts for some 70 per cent*of the UK’s GDP and the financial sector is a large component of this. Bang went a crucial leg of Project Fear. And, in case Remainers have not noticed, the financial services sector is performing pretty damn well right now.*

The next port of call for Project Fear was, yes you guessed it, our ports. Theory had it that they would be so snarled up that there would be a lettuce crisis in the UK. It must be so annoying that both Douglas Bannister, CEO of the port of Dover and Jean-Marc Puissesseau, President of the combined ports of Calais and Boulogne, have declared that their ports can cope with any disruption thrown up by a no-deal Brexit. Indeed Mr*Puissesseau described scaremongering over disruption as “La*Bullsh**”. A hammer blow for Yellowhammer.

So where is Project Fear currently resting? Its suggestion now is that the UK will grow more slowly than it otherwise would, by up to 0.5 per cent*of GDP per annum and that an additional £30 billion per annum in government debt would be wracked up. Forgive me if I do not instantly panic!*

Here’s the problem with Project Fear: it is groundless. Its evidence, to the extent it has any, is formed in economic forecasts based on using the status quo as a starting point and then removing those elements of trade that depend on the Single Market without making any allowance for additional government preparations, government spending, monetary responses, the huge advantage of a floating currency and, last but not least, the extremely adaptive nature of UK businesses.*

Businesses will not sit idly by while the trading and regulatory environment changes. Businesses adapt very quickly. Indeed, times of change can be exceptionally good for business, encouraging them, as it does, to reinvent themselves and modernise. It is also important to bear in mind that the vast majority of businesses in the UK are SMEs and do not export goods. In fact, only 12 per cent*of the UK’s GDP depends on any form of trade with the EU. The case for Project Fear was always overblown.

To win the economic argument, Remainers really had to make the case for a bright EU-led prosperous future. They could not do so because the EU, particularly the Eurozone, is sick, very sick. Interest rates have been in negative territory virtually since the onset of the credit crunch.

There is high unemployment (particularly amongst the youth), a number of Eurozone countries are virtually bust, including France and Italy amongst them. The Euro has these countries locked in a death embrace. And the largest economy in Europe, Germany, is all but in recession.

In invoking Hilaire Belloc’s Jim: “…always keep a-hold of nurse, for fear of finding something worse..”; nurse at least had to be benign but the EU nurse is sclerotic and covered in warts. She is now tending to Project Fear on its deathbed.*
"Since then the UK economy has gone from strength to strength."

Q2 growth was negative. And that's where I stop reading.
Reply With Quote
  #32119  
Old 21-09-2019, 11:22 AM
Donald Trump Donald Trump is offline
Senior PROC Member
 
Join Date: Nov 2016
Location: The White House
Posts: 18,689
Default

Quote:
Originally Posted by How bad boy View Post
"Since then the UK economy has gone from strength to strength."

Q2 growth was negative. And that's where I stop reading.
I read another two paragraphs.

Usual bullshit.

Nothing to worry about from brexit. It’ll all be fine.
Reply With Quote
  #32120  
Old 21-09-2019, 11:32 AM
LarryDavid LarryDavid is online now
Senior PROC Member
 
Join Date: Aug 2019
Posts: 4,768
Default

Labour doing their damnedest to become even more irrelevant.


Corbyn is some gowl.
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump



Siopa







All times are GMT. The time now is 10:13 AM.


Powered by vBulletin® Version 3.8.10
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
All forum comments are the sole responsibility and property of forum users. PeoplesRepublicOfCork.com and its sponsors disclaim all liability for content posted by users of the forum. PeoplesRepublicOfCork.com and its sponsors do not necessarily share the views expressed in this forum. Use the report post system to have comments considered for edit or deletion. All users are IP logged. Website hosted by Hostrocket USA.