Current Affairs EU In or Out
- Thread starter micknick
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OnlyBlueWillDo
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She's just said live, being grilled by the commons select committee, that our economy will still grow, just not as fast as it would with her deal, we would stay the same as we are now, basically just with slower growth, that is exactly what she just said.
Yet yesterday it was Project Fear 2.0 in full swing from the Treasury and Armageddon was coming, we was all going back to living in caves.
Yet yesterday it was Project Fear 2.0 in full swing from the Treasury and Armageddon was coming, we was all going back to living in caves.
neil999
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thats not what they said at all tho is it?
OnlyBlueWillDo
Player Valuation: £35m
They made it sound like our Economy was going to crash, the facts are we would stay the same as we are now with slower growth, so say instead of 5bn a year, we'll grow by 2bn.
Absolute scaremongering of the highest order went on yesterday.
orchard
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She didn't, and she's yet to give a straight answer. Good to see her squirm, but would rather have some truth.
OnlyBlueWillDo
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She did, she said growth would just be slower, that's where we'll lose 100bn over 15 years that was reported in the press yesterday.
So say over 15 years we will grow by 30bn instead of 100bn, we will still be a prosperous country, one of the biggest economies in the world.
Just so I'm clear on this. You're taking the unreferenced, no working out showed comment of someone who is trying to 'sell' her deal as comparable to the detailed economic projections (with full working out shown) of an independent body tasked with keeping the economy on an even keel? Is that what you're saying?
OnlyBlueWillDo
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What I am saying is we will stay the same as we are now, how is that a bad thing?, with slower growth, that's a worthwhile trade off for me if indeed it's true, I think we will be more prosperous than they are predicting if we can shape our own deals with the rest of the world without the EU rules.
Maybe that's how it should be worded in the press instead of "UK TO LOSE 100BN, LOCK YOUR DOORS, ARMAGEDDON IS COMING!!!" as it was yesterday.
With respect, that's not the point I was making. We have two projections of the future here - one from the BoE who have presumably put their best thinking into it and have no real motivation to come down one way or another, and a second from Theresa May that consists of a single comment in a committee briefing that has no working out evident behind it, and for whom there is a clear incentive for the propagator to make leaving under her plan seem as good as possible.
Of those two projections, it seems clear to me which would be more reliable, and yet you seem to have put your stock behind the other.
orchard
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She didn't answer that question, they asked for a yes or no, would we be better off compared to now, and even permitted the assumption of all the fantastical premises involved in her model.
Gwladysstreetlad
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He's just a utter attention whore. Remain or Leave I'd say the same, his behaviour would be laughable if it wasn't so cringeworthy.
As highlighted yesterday, it's presumably based upon the notion that the UK will strike rapid trade deals with all the non European trading blocks, which you'd imagine even the most optimistic Brexiter would find a tad unrealistic.
OnlyBlueWillDo
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Mate I watched it from the beginning, she said the economy would still grow with a no deal, just slower than if we accepted her deal.
SpongeBob brown shoes
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OnlyBlueWillDo
Player Valuation: £35m
Do you remember the BoE projected state of the Economy before the referendum if we voted leave?, they were badly wrong and after said they'd had a "Michael Fish" moment.
So if they got it badly wrong then, why would anyone take their word as gospel now?
I have just watched May this morning say the economy would still grow with a no deal brexit, just a lot slower than if we agreed to back her deal.
An analogy would be, in your current job Bruce, you'll keep your current wage, but your pay rises won't be 5% a year, they will be 2% over the next few years, the upside is there are no laws now and you can do what the frig you want to improve your wealth and way of life.
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