John52 Posted October 28, 2021 Share Posted October 28, 2021 Apparently Johnson forgot to silence the OBR https://www.theguardian.com/politics/2021/oct/28/brexit-worse-for-the-uk-economy-than-covid-pandemic-obr-saysBR; Link to comment Share on other sites More sharing options...
CurtainRaiser Posted October 28, 2021 Share Posted October 28, 2021 And if taxes have to go up because of a permanent 2% hit to the economy caused by COVID, what happens to taxes when Brexit causes a 4% permanent hit? Link to comment Share on other sites More sharing options...
John52 Posted October 28, 2021 Author Share Posted October 28, 2021 CurtainRaiser - 2021-10-28 8:31 AM And if taxes have to go up because of a permanent 2% hit to the economy caused by COVID, what happens to taxes when Brexit causes a 4% permanent hit? Brexit has protected the super rich 'newspaper' owners domiciled in Her Majesty's Tax Havens from an EU wide tax treaty. So it can only come from the rest of us. Presented as a 'health and social care levy' *-) or stealth taxes on the poor ..like inflation Link to comment Share on other sites More sharing options...
Guest pelmetman Posted October 28, 2021 Share Posted October 28, 2021 "Sorry – we haven’t been able to serve the page you asked for.You may have followed an outdated link, or have mistyped a URL. If you believe this to be an error please report it." Obviously the Daily Bumwipe realised they were talking total Bollox's >:-) .......... (lol) (lol) (lol) ........... Link to comment Share on other sites More sharing options...
John52 Posted October 28, 2021 Author Share Posted October 28, 2021 Sorry, My mistake. Seems I copied a couple of letters that shouldn't be there and I can't edit it now as its over 30 mins since posting. So I'll try again; https://www.theguardian.com/politics/2021/oct/28/brexit-worse-for-the-uk-economy-than-covid-pandemic-obr-says That seems to work Link to comment Share on other sites More sharing options...
CurtainRaiser Posted October 28, 2021 Share Posted October 28, 2021 https://www.bbc.co.uk/news/business-59070020 Link to comment Share on other sites More sharing options...
Barryd999 Posted October 28, 2021 Share Posted October 28, 2021 You forget. These are experts and "The country has had enough of Experts". You just have to "believe" in Brexit and all will be delivered. The Sunlit Uplands are just around the corner. Probably. (lol) Link to comment Share on other sites More sharing options...
Brian Kirby Posted October 28, 2021 Share Posted October 28, 2021 Q How many Boris supporters does it take to change a light bulb? A None. Boris tells them he's done it, and they all sit clapping in the dark. Link to comment Share on other sites More sharing options...
Barryd999 Posted October 28, 2021 Share Posted October 28, 2021 Brian Kirby - 2021-10-28 12:02 PM Q How many Boris supporters does it take to change a light bulb? A None. Boris tells them he's done it, and they all sit clapping in the dark. "Get light bulbs done!". (lol) Link to comment Share on other sites More sharing options...
CurtainRaiser Posted October 28, 2021 Share Posted October 28, 2021 Brian Kirby - 2021-10-28 12:02 PM Q How many Boris supporters does it take to change a light bulb? A None. Boris tells them he's done it, and they all sit clapping in the dark. Chuckle Link to comment Share on other sites More sharing options...
Guest pelmetman Posted October 28, 2021 Share Posted October 28, 2021 Barryd999 - 2021-10-28 11:51 AM You forget. These are experts and "The country has had enough of Experts". You just have to "believe" in Brexit and all will be delivered. The Sunlit Uplands are just around the corner. Probably. (lol) Aren't the OBR "Experts" part of the Treasury who produced this prediction? >:-) ........ Details This document assesses the immediate economic impact of a vote for the UK to leave the EU. A vote to leave would cause a profound economic shock creating instability and uncertainty which would be compounded by the complex and interdependent negotiations that would follow. The central conclusion of the analysis is that the effect of this profound shock would be to push the UK into recession and lead to a sharp rise in unemployment. Two scenarios have been modelled to provide analysis of the adverse impact on the economy: a ‘shock’ to the economy, and a ‘severe shock’. In the ‘shock’ scenario, a vote to leave would result in a recession, a spike in inflation and a rise in unemployment. After two years, the analysis shows that GDP would be around 3.6% lower in the shock scenario compared with a vote to remain. In this scenario, the fall in the value of the pound would be around 12%, and unemployment would increase by around 500,000, with all regions experiencing a rise in the number of people out of work. In the ‘severe shock’ scenario, the rise in uncertainty, the effect on financial conditions and the transition effects are larger. The analysis shows that after two years the level of GDP would be 6% lower, the fall in the value of the pound would be 15% and unemployment would increase by around 800,000. If negotiations with the EU took longer than two years to conclude or if the outcome were to be less favourable than expected, the UK economy could be subject to repeated and persistent rises in uncertainty which would depress further UK economic prospects. Published 23 May 2016 https://www.gov.uk/government/publications/hm-treasury-analysis-the-immediate-economic-impact-of-leaving-the-eu Link to comment Share on other sites More sharing options...
Barryd999 Posted October 28, 2021 Share Posted October 28, 2021 pelmetman - 2021-10-28 1:34 PM Barryd999 - 2021-10-28 11:51 AM You forget. These are experts and "The country has had enough of Experts". You just have to "believe" in Brexit and all will be delivered. The Sunlit Uplands are just around the corner. Probably. (lol) Aren't the OBR "Experts" part of the Treasury who produced this prediction? >:-) ........ Details This document assesses the immediate economic impact of a vote for the UK to leave the EU. A vote to leave would cause a profound economic shock creating instability and uncertainty which would be compounded by the complex and interdependent negotiations that would follow. The central conclusion of the analysis is that the effect of this profound shock would be to push the UK into recession and lead to a sharp rise in unemployment. Two scenarios have been modelled to provide analysis of the adverse impact on the economy: a ‘shock’ to the economy, and a ‘severe shock’. In the ‘shock’ scenario, a vote to leave would result in a recession, a spike in inflation and a rise in unemployment. After two years, the analysis shows that GDP would be around 3.6% lower in the shock scenario compared with a vote to remain. In this scenario, the fall in the value of the pound would be around 12%, and unemployment would increase by around 500,000, with all regions experiencing a rise in the number of people out of work. In the ‘severe shock’ scenario, the rise in uncertainty, the effect on financial conditions and the transition effects are larger. The analysis shows that after two years the level of GDP would be 6% lower, the fall in the value of the pound would be 15% and unemployment would increase by around 800,000. If negotiations with the EU took longer than two years to conclude or if the outcome were to be less favourable than expected, the UK economy could be subject to repeated and persistent rises in uncertainty which would depress further UK economic prospects. Published 23 May 2016 https://www.gov.uk/government/publications/hm-treasury-analysis-the-immediate-economic-impact-of-leaving-the-eu Thats the governments own predictions much of which is coming true. I think there was a tracker of jobs lost due to Brexit since 2016 before it actually even happened and it was close to half a million. The news today also shows that moving forward much of this will come true. That forecast also suggests the impact after two years from leaving. It should also be remembered that during that time the world has been fighting a pandemic and much of Brexit still needs to be resolved. Johnson has kicked the can further down the road with incoming goods checks and NI is also still unresolved. An interesting take here I picked up from another forum. It seems maybe Johnson does not have the balls to go full Singapore on Thames probably because of his desire just to be loved and popular which he wont be by the Red wall buffoons who signed up to him and his batty Brexit if he does but without that move according to Guy we are doomed and so is Brexit. "Guy Hands founder and chairman of one of the largest Private Equity funds in Europe has just declared "Brexit is doomed". He says all the Hedge fund managers he knows who backed brexit feel the same too. We would have had to become a Singapore on steriods, something those hedge fund managers were hoping for, for it to work. A path that we are definitely not heading down. I believe him, he's a guy that has his ear to the ground. Here's his CV and the interview he gave to his local paper." https://en.wikipedia.org/wiki/Guy_Hands https://guernseypress.com/news/2021/10/28/brexit-is-doomed---guy-hands/ Link to comment Share on other sites More sharing options...
Guest pelmetman Posted October 28, 2021 Share Posted October 28, 2021 Barryd999 - 2021-10-28 2:21 PM pelmetman - 2021-10-28 1:34 PM Barryd999 - 2021-10-28 11:51 AM You forget. These are experts and "The country has had enough of Experts". You just have to "believe" in Brexit and all will be delivered. The Sunlit Uplands are just around the corner. Probably. (lol) Aren't the OBR "Experts" part of the Treasury who produced this prediction? >:-) ........ Details This document assesses the immediate economic impact of a vote for the UK to leave the EU. A vote to leave would cause a profound economic shock creating instability and uncertainty which would be compounded by the complex and interdependent negotiations that would follow. The central conclusion of the analysis is that the effect of this profound shock would be to push the UK into recession and lead to a sharp rise in unemployment. Two scenarios have been modelled to provide analysis of the adverse impact on the economy: a ‘shock’ to the economy, and a ‘severe shock’. In the ‘shock’ scenario, a vote to leave would result in a recession, a spike in inflation and a rise in unemployment. After two years, the analysis shows that GDP would be around 3.6% lower in the shock scenario compared with a vote to remain. In this scenario, the fall in the value of the pound would be around 12%, and unemployment would increase by around 500,000, with all regions experiencing a rise in the number of people out of work. In the ‘severe shock’ scenario, the rise in uncertainty, the effect on financial conditions and the transition effects are larger. The analysis shows that after two years the level of GDP would be 6% lower, the fall in the value of the pound would be 15% and unemployment would increase by around 800,000. If negotiations with the EU took longer than two years to conclude or if the outcome were to be less favourable than expected, the UK economy could be subject to repeated and persistent rises in uncertainty which would depress further UK economic prospects. Published 23 May 2016 https://www.gov.uk/government/publications/hm-treasury-analysis-the-immediate-economic-impact-of-leaving-the-eu Thats the governments own predictions much of which is coming true. I think there was a tracker of jobs lost due to Brexit since 2016 before it actually even happened and it was close to half a million. The news today also shows that moving forward much of this will come true. That forecast also suggests the impact after two years from leaving. It should also be remembered that during that time the world has been fighting a pandemic and much of Brexit still needs to be resolved. Johnson has kicked the can further down the road with incoming goods checks and NI is also still unresolved. Where does it say we would have 1.2 million job vacancies? Rising wages? Booming housing market? Booming industries?.....and......Top of the G7 economies for economic growth? >:-) .......... Link to comment Share on other sites More sharing options...
Bulletguy Posted October 28, 2021 Share Posted October 28, 2021 pelmetman - 2021-10-28 2:44 PM Barryd999 - 2021-10-28 2:21 PM pelmetman - 2021-10-28 1:34 PM Barryd999 - 2021-10-28 11:51 AM You forget. These are experts and "The country has had enough of Experts". You just have to "believe" in Brexit and all will be delivered. The Sunlit Uplands are just around the corner. Probably. (lol) Aren't the OBR "Experts" part of the Treasury who produced this prediction? >:-) ........ Details This document assesses the immediate economic impact of a vote for the UK to leave the EU. A vote to leave would cause a profound economic shock creating instability and uncertainty which would be compounded by the complex and interdependent negotiations that would follow. The central conclusion of the analysis is that the effect of this profound shock would be to push the UK into recession and lead to a sharp rise in unemployment. Two scenarios have been modelled to provide analysis of the adverse impact on the economy: a ‘shock’ to the economy, and a ‘severe shock’. In the ‘shock’ scenario, a vote to leave would result in a recession, a spike in inflation and a rise in unemployment. After two years, the analysis shows that GDP would be around 3.6% lower in the shock scenario compared with a vote to remain. In this scenario, the fall in the value of the pound would be around 12%, and unemployment would increase by around 500,000, with all regions experiencing a rise in the number of people out of work. In the ‘severe shock’ scenario, the rise in uncertainty, the effect on financial conditions and the transition effects are larger. The analysis shows that after two years the level of GDP would be 6% lower, the fall in the value of the pound would be 15% and unemployment would increase by around 800,000. If negotiations with the EU took longer than two years to conclude or if the outcome were to be less favourable than expected, the UK economy could be subject to repeated and persistent rises in uncertainty which would depress further UK economic prospects. Published 23 May 2016 https://www.gov.uk/government/publications/hm-treasury-analysis-the-immediate-economic-impact-of-leaving-the-eu Thats the governments own predictions much of which is coming true. I think there was a tracker of jobs lost due to Brexit since 2016 before it actually even happened and it was close to half a million. The news today also shows that moving forward much of this will come true. That forecast also suggests the impact after two years from leaving. It should also be remembered that during that time the world has been fighting a pandemic and much of Brexit still needs to be resolved. Johnson has kicked the can further down the road with incoming goods checks and NI is also still unresolved. Where does it say we would have 1.2 million job vacancies? Rising wages? Booming housing market? Booming industries?.....and......Top of the G7 economies for economic growth? >:-) .......... Evidence. Link to comment Share on other sites More sharing options...
Barryd999 Posted October 28, 2021 Share Posted October 28, 2021 Bulletguy - 2021-10-28 3:04 PM pelmetman - 2021-10-28 2:44 PM Barryd999 - 2021-10-28 2:21 PM pelmetman - 2021-10-28 1:34 PM Barryd999 - 2021-10-28 11:51 AM You forget. These are experts and "The country has had enough of Experts". You just have to "believe" in Brexit and all will be delivered. The Sunlit Uplands are just around the corner. Probably. (lol) Aren't the OBR "Experts" part of the Treasury who produced this prediction? >:-) ........ Details This document assesses the immediate economic impact of a vote for the UK to leave the EU. A vote to leave would cause a profound economic shock creating instability and uncertainty which would be compounded by the complex and interdependent negotiations that would follow. The central conclusion of the analysis is that the effect of this profound shock would be to push the UK into recession and lead to a sharp rise in unemployment. Two scenarios have been modelled to provide analysis of the adverse impact on the economy: a ‘shock’ to the economy, and a ‘severe shock’. In the ‘shock’ scenario, a vote to leave would result in a recession, a spike in inflation and a rise in unemployment. After two years, the analysis shows that GDP would be around 3.6% lower in the shock scenario compared with a vote to remain. In this scenario, the fall in the value of the pound would be around 12%, and unemployment would increase by around 500,000, with all regions experiencing a rise in the number of people out of work. In the ‘severe shock’ scenario, the rise in uncertainty, the effect on financial conditions and the transition effects are larger. The analysis shows that after two years the level of GDP would be 6% lower, the fall in the value of the pound would be 15% and unemployment would increase by around 800,000. If negotiations with the EU took longer than two years to conclude or if the outcome were to be less favourable than expected, the UK economy could be subject to repeated and persistent rises in uncertainty which would depress further UK economic prospects. Published 23 May 2016 https://www.gov.uk/government/publications/hm-treasury-analysis-the-immediate-economic-impact-of-leaving-the-eu Thats the governments own predictions much of which is coming true. I think there was a tracker of jobs lost due to Brexit since 2016 before it actually even happened and it was close to half a million. The news today also shows that moving forward much of this will come true. That forecast also suggests the impact after two years from leaving. It should also be remembered that during that time the world has been fighting a pandemic and much of Brexit still needs to be resolved. Johnson has kicked the can further down the road with incoming goods checks and NI is also still unresolved. Where does it say we would have 1.2 million job vacancies? Rising wages? Booming housing market? Booming industries?.....and......Top of the G7 economies for economic growth? >:-) .......... Evidence. PMSL! (lol) The growth thing has been explained to Dave already I think several times but he still doesn't get it. Link to comment Share on other sites More sharing options...
CurtainRaiser Posted October 28, 2021 Share Posted October 28, 2021 pelmetman - 2021-10-28 2:44 PM Where does it say we would have 1.2 million job vacancies? Rising wages? Booming housing market? Booming industries?.....and......Top of the G7 economies for economic growth? >:-) .......... You do realise that among those 1.2 million vacancies there is a 112,000 shortfall of TRAINED staff within the NHS including 30,000 doctors. Now you might be happy having some Level 1 Plumbing trainee doing your open heart surgery but personally I'd rather import someone already qualified, or would you rather we wait nine years to train up a medical student? Link to comment Share on other sites More sharing options...
Guest pelmetman Posted October 28, 2021 Share Posted October 28, 2021 CurtainRaiser - 2021-10-28 5:42 PM pelmetman - 2021-10-28 2:44 PM Where does it say we would have 1.2 million job vacancies? Rising wages? Booming housing market? Booming industries?.....and......Top of the G7 economies for economic growth? >:-) .......... You do realise that among those 1.2 million vacancies there is a 112,000 shortfall of TRAINED staff within the NHS including 30,000 doctors. Now you might be happy having some Level 1 Plumbing trainee doing your open heart surgery but personally I'd rather import someone already qualified, or would you rather we wait nine years to train up a medical student? Indeed a historical problem solved in the past by poaching other countries medical staff *-) ......... Not a nice way to solve the problem is it? :-| .......... Link to comment Share on other sites More sharing options...
CurtainRaiser Posted October 28, 2021 Share Posted October 28, 2021 pelmetman - 2021-10-28 6:38 PM CurtainRaiser - 2021-10-28 5:42 PM pelmetman - 2021-10-28 2:44 PM Where does it say we would have 1.2 million job vacancies? Rising wages? Booming housing market? Booming industries?.....and......Top of the G7 economies for economic growth? >:-) .......... You do realise that among those 1.2 million vacancies there is a 112,000 shortfall of TRAINED staff within the NHS including 30,000 doctors. Now you might be happy having some Level 1 Plumbing trainee doing your open heart surgery but personally I'd rather import someone already qualified, or would you rather we wait nine years to train up a medical student? Indeed a historical problem solved in the past by poaching other countries medical staff *-) ......... Not a nice way to solve the problem is it? :-| .......... Well lets hope you dont need any medical help over the next eight years. Link to comment Share on other sites More sharing options...
Guest pelmetman Posted October 28, 2021 Share Posted October 28, 2021 Bulletguy - 2021-10-28 3:04 PM pelmetman - 2021-10-28 2:44 PM Barryd999 - 2021-10-28 2:21 PM pelmetman - 2021-10-28 1:34 PM Barryd999 - 2021-10-28 11:51 AM You forget. These are experts and "The country has had enough of Experts". You just have to "believe" in Brexit and all will be delivered. The Sunlit Uplands are just around the corner. Probably. (lol) Aren't the OBR "Experts" part of the Treasury who produced this prediction? >:-) ........ Details This document assesses the immediate economic impact of a vote for the UK to leave the EU. A vote to leave would cause a profound economic shock creating instability and uncertainty which would be compounded by the complex and interdependent negotiations that would follow. The central conclusion of the analysis is that the effect of this profound shock would be to push the UK into recession and lead to a sharp rise in unemployment. Two scenarios have been modelled to provide analysis of the adverse impact on the economy: a ‘shock’ to the economy, and a ‘severe shock’. In the ‘shock’ scenario, a vote to leave would result in a recession, a spike in inflation and a rise in unemployment. After two years, the analysis shows that GDP would be around 3.6% lower in the shock scenario compared with a vote to remain. In this scenario, the fall in the value of the pound would be around 12%, and unemployment would increase by around 500,000, with all regions experiencing a rise in the number of people out of work. In the ‘severe shock’ scenario, the rise in uncertainty, the effect on financial conditions and the transition effects are larger. The analysis shows that after two years the level of GDP would be 6% lower, the fall in the value of the pound would be 15% and unemployment would increase by around 800,000. If negotiations with the EU took longer than two years to conclude or if the outcome were to be less favourable than expected, the UK economy could be subject to repeated and persistent rises in uncertainty which would depress further UK economic prospects. Published 23 May 2016 https://www.gov.uk/government/publications/hm-treasury-analysis-the-immediate-economic-impact-of-leaving-the-eu Thats the governments own predictions much of which is coming true. I think there was a tracker of jobs lost due to Brexit since 2016 before it actually even happened and it was close to half a million. The news today also shows that moving forward much of this will come true. That forecast also suggests the impact after two years from leaving. It should also be remembered that during that time the world has been fighting a pandemic and much of Brexit still needs to be resolved. Johnson has kicked the can further down the road with incoming goods checks and NI is also still unresolved. Where does it say we would have 1.2 million job vacancies? Rising wages? Booming housing market? Booming industries?.....and......Top of the G7 economies for economic growth? >:-) .......... Evidence. https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/employmentandemployeetypes/bulletins/jobsandvacanciesintheuk/latest https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/employmentandemployeetypes/bulletins/averageweeklyearningsingreatbritain/latest https://www.forbes.com/uk/advisor/personal-finance/2021/10/21/house-prices-updates/ https://www.bbc.co.uk/news/business-57108387 https://www.cityam.com/oecd-uk-muscles-out-g7-to-top-economic-growth-rankings/ Is that enough evidence for you...... or are you just being a typical dence LOSER? >:-) ........ (lol) (lol) (lol).......... Link to comment Share on other sites More sharing options...
Guest pelmetman Posted October 28, 2021 Share Posted October 28, 2021 CurtainRaiser - 2021-10-28 6:44 PM pelmetman - 2021-10-28 6:38 PM CurtainRaiser - 2021-10-28 5:42 PM pelmetman - 2021-10-28 2:44 PM Where does it say we would have 1.2 million job vacancies? Rising wages? Booming housing market? Booming industries?.....and......Top of the G7 economies for economic growth? >:-) .......... You do realise that among those 1.2 million vacancies there is a 112,000 shortfall of TRAINED staff within the NHS including 30,000 doctors. Now you might be happy having some Level 1 Plumbing trainee doing your open heart surgery but personally I'd rather import someone already qualified, or would you rather we wait nine years to train up a medical student? Indeed a historical problem solved in the past by poaching other countries medical staff *-) ......... Not a nice way to solve the problem is it? :-| .......... Well lets hope you dont need any medical help over the next eight years. Given my several bad experience's of the NHS over the years in Essex and Lincolnshire 8-) ......... I can say I've had the best experience here in Dorset B-) ....... Link to comment Share on other sites More sharing options...
CurtainRaiser Posted October 28, 2021 Share Posted October 28, 2021 pelmetman - 2021-10-28 6:53 PM Given my several bad experience's of the NHS over the years in Essex and Lincolnshire 8-) ......... I can say I've had the best experience here in Dorset B-) ....... Did you ever look into what you would have paid for those "experiences" in a American funded system? Link to comment Share on other sites More sharing options...
Guest pelmetman Posted October 28, 2021 Share Posted October 28, 2021 CurtainRaiser - 2021-10-28 7:23 PM pelmetman - 2021-10-28 6:53 PM Given my several bad experience's of the NHS over the years in Essex and Lincolnshire 8-) ......... I can say I've had the best experience here in Dorset B-) ....... Did you ever look into what you would have paid for those "experiences" in a American funded system? Given my experiences :-| ......... I'd now be worth more than you on the compo I would have got :D ....... Link to comment Share on other sites More sharing options...
Guest pelmetman Posted October 28, 2021 Share Posted October 28, 2021 pelmetman - 2021-10-28 6:49 PM Bulletguy - 2021-10-28 3:04 PM pelmetman - 2021-10-28 2:44 PM Barryd999 - 2021-10-28 2:21 PM pelmetman - 2021-10-28 1:34 PM Barryd999 - 2021-10-28 11:51 AM You forget. These are experts and "The country has had enough of Experts". You just have to "believe" in Brexit and all will be delivered. The Sunlit Uplands are just around the corner. Probably. (lol) Aren't the OBR "Experts" part of the Treasury who produced this prediction? >:-) ........ Details This document assesses the immediate economic impact of a vote for the UK to leave the EU. A vote to leave would cause a profound economic shock creating instability and uncertainty which would be compounded by the complex and interdependent negotiations that would follow. The central conclusion of the analysis is that the effect of this profound shock would be to push the UK into recession and lead to a sharp rise in unemployment. Two scenarios have been modelled to provide analysis of the adverse impact on the economy: a ‘shock’ to the economy, and a ‘severe shock’. In the ‘shock’ scenario, a vote to leave would result in a recession, a spike in inflation and a rise in unemployment. After two years, the analysis shows that GDP would be around 3.6% lower in the shock scenario compared with a vote to remain. In this scenario, the fall in the value of the pound would be around 12%, and unemployment would increase by around 500,000, with all regions experiencing a rise in the number of people out of work. In the ‘severe shock’ scenario, the rise in uncertainty, the effect on financial conditions and the transition effects are larger. The analysis shows that after two years the level of GDP would be 6% lower, the fall in the value of the pound would be 15% and unemployment would increase by around 800,000. If negotiations with the EU took longer than two years to conclude or if the outcome were to be less favourable than expected, the UK economy could be subject to repeated and persistent rises in uncertainty which would depress further UK economic prospects. Published 23 May 2016 https://www.gov.uk/government/publications/hm-treasury-analysis-the-immediate-economic-impact-of-leaving-the-eu Thats the governments own predictions much of which is coming true. I think there was a tracker of jobs lost due to Brexit since 2016 before it actually even happened and it was close to half a million. The news today also shows that moving forward much of this will come true. That forecast also suggests the impact after two years from leaving. It should also be remembered that during that time the world has been fighting a pandemic and much of Brexit still needs to be resolved. Johnson has kicked the can further down the road with incoming goods checks and NI is also still unresolved. Where does it say we would have 1.2 million job vacancies? Rising wages? Booming housing market? Booming industries?.....and......Top of the G7 economies for economic growth? >:-) .......... Evidence. https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/employmentandemployeetypes/bulletins/jobsandvacanciesintheuk/latest https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/employmentandemployeetypes/bulletins/averageweeklyearningsingreatbritain/latest https://www.forbes.com/uk/advisor/personal-finance/2021/10/21/house-prices-updates/ https://www.bbc.co.uk/news/business-57108387 https://www.cityam.com/oecd-uk-muscles-out-g7-to-top-economic-growth-rankings/ Is that enough evidence for you...... or are you just being a typical dence LOSER? >:-) ........ (lol) (lol) (lol).......... Barry Bump >:-) .......... Link to comment Share on other sites More sharing options...
Birdbrain Posted October 28, 2021 Share Posted October 28, 2021 pelmetman - 2021-10-28 7:28 PM pelmetman - 2021-10-28 6:49 PM Bulletguy - 2021-10-28 3:04 PM pelmetman - 2021-10-28 2:44 PM Barryd999 - 2021-10-28 2:21 PM pelmetman - 2021-10-28 1:34 PM Barryd999 - 2021-10-28 11:51 AM You forget. These are experts and "The country has had enough of Experts". You just have to "believe" in Brexit and all will be delivered. The Sunlit Uplands are just around the corner. Probably. (lol) Aren't the OBR "Experts" part of the Treasury who produced this prediction? >:-) ........ Details This document assesses the immediate economic impact of a vote for the UK to leave the EU. A vote to leave would cause a profound economic shock creating instability and uncertainty which would be compounded by the complex and interdependent negotiations that would follow. The central conclusion of the analysis is that the effect of this profound shock would be to push the UK into recession and lead to a sharp rise in unemployment. Two scenarios have been modelled to provide analysis of the adverse impact on the economy: a ‘shock’ to the economy, and a ‘severe shock’. In the ‘shock’ scenario, a vote to leave would result in a recession, a spike in inflation and a rise in unemployment. After two years, the analysis shows that GDP would be around 3.6% lower in the shock scenario compared with a vote to remain. In this scenario, the fall in the value of the pound would be around 12%, and unemployment would increase by around 500,000, with all regions experiencing a rise in the number of people out of work. In the ‘severe shock’ scenario, the rise in uncertainty, the effect on financial conditions and the transition effects are larger. The analysis shows that after two years the level of GDP would be 6% lower, the fall in the value of the pound would be 15% and unemployment would increase by around 800,000. If negotiations with the EU took longer than two years to conclude or if the outcome were to be less favourable than expected, the UK economy could be subject to repeated and persistent rises in uncertainty which would depress further UK economic prospects. Published 23 May 2016 https://www.gov.uk/government/publications/hm-treasury-analysis-the-immediate-economic-impact-of-leaving-the-eu Thats the governments own predictions much of which is coming true. I think there was a tracker of jobs lost due to Brexit since 2016 before it actually even happened and it was close to half a million. The news today also shows that moving forward much of this will come true. That forecast also suggests the impact after two years from leaving. It should also be remembered that during that time the world has been fighting a pandemic and much of Brexit still needs to be resolved. Johnson has kicked the can further down the road with incoming goods checks and NI is also still unresolved. Where does it say we would have 1.2 million job vacancies? Rising wages? Booming housing market? Booming industries?.....and......Top of the G7 economies for economic growth? >:-) .......... Evidence. https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/employmentandemployeetypes/bulletins/jobsandvacanciesintheuk/latest https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/employmentandemployeetypes/bulletins/averageweeklyearningsingreatbritain/latest https://www.forbes.com/uk/advisor/personal-finance/2021/10/21/house-prices-updates/ https://www.bbc.co.uk/news/business-57108387 https://www.cityam.com/oecd-uk-muscles-out-g7-to-top-economic-growth-rankings/ Is that enough evidence for you...... or are you just being a typical dence LOSER? >:-) ........ (lol) (lol) (lol).......... Barry Bump >:-) .......... Barry would give you a bump n'all ... Hes twice the man he used to be ... Remember when he was fun ... No me neither Link to comment Share on other sites More sharing options...
John52 Posted October 29, 2021 Author Share Posted October 29, 2021 pelmetman - 2021-10-28 7:28 PM ..Booming Housing Market.... As we are building fewer houses I can only guess you mean housing shortage and price inflation? How is house price inflation good for the economy? It doesn't create any new wealth It takes money from the poor to give to the rich It takes investment from productive industry when people put their money into inflating property prices instead It kills mobility of labour so unemployed benefit claimants can't afford to move to where the jobs are It costs us all huge amounts of money paying housing benefit etc It ruins the quality of life for millions of people in slums It ruins the education chances for millions of kids who don't have anywhere to do their homework - bad for them and another hit to the economy It makes social distancing impossible for them and contributes to our having the worst covid outcome in the G7 ..... What are the positives? (apart from you making more money from an unearned inherited property) Link to comment Share on other sites More sharing options...
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