Current Affairs EU In or Out

In or Out

  • In

    Votes: 688 67.9%

  • Out

    Votes: 325 32.1%
  • Total voters
    1,013
Status
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peteblue said:
The early 80's was also completely different for our economy though Esk, we had high inflation coupled with a strong £ creating high unemployment. We have a different economy now, v.low inflation, high levels of employment and economic growth. It's very hard to compare really........
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Sure, and the pains of the 80's were partially a result of an economic shock in the mid 70's with the oil crisis unleashing rampant inflation but also the most uncaring and destructive policies from Thatcher's Government as far as the ordinary working person was concerned.

My greatest fear is the economic shock of Brexit will have a similar effect (a severe recession)on the British economy at a time when if it were to happen the response to the shock (devaluation, reduction in interest rates and monetary easing) would be totally ineffective as they have already taken place.

If such a shock occurs (and I believe there is a very high probability of this) we will probably end up in a similar situation to Japan at the end of the 80's.

I can understand those opposed to the EU being delighted with the outcome, that's natural, but I fear everyone is making light of the consequences of Brexit.
 
The Esk said:
I can understand those opposed to the EU being delighted with the outcome, that's natural, but I fear everyone is making light of the consequences of Brexit.
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But couldn't you equally say that you might be overstating the negative impact it will have? Nobody, even the pro-Brexit campaigners, ever claimed that it would be an easy transition.
 
The Esk said:
Sure, and the pains of the 80's were partially a result of an economic shock in the mid 70's with the oil crisis unleashing rampant inflation but also the most uncaring and destructive policies from Thatcher's Government as far as the ordinary working person was concerned.

My greatest fear is the economic shock of Brexit will have a similar effect (a severe recession)on the British economy at a time when if it were to happen the response to the shock (devaluation, reduction in interest rates and monetary easing) would be totally ineffective as they have already taken place.

If such a shock occurs (and I believe there is a very high probability of this) we will probably end up in a similar situation to Japan at the end of the 80's.

I can understand those opposed to the EU being delighted with the outcome, that's natural, but I fear everyone is making light of the consequences of Brexit.
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My fear is that we talk our way into trouble.....
 
Bruce Wayne said:
I was under the impression that it was relatively easy to veto things in the European parliament. That may make things sclerotic, but it also makes it harder to pressgang things through.

Even then though, how many people in each of our elections end up voting for other parties than those who secure government? In 2015, 73.1% of the votes were cast for non-Conservative candidates, and yet they have a sufficient majority to push most things through if they wish. We can't really get on a representative high horse here :)
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Most things in the Eu are by majority vote. In fact I even believe that majority vote will be employed when we leave.....
 
Prevenger17 said:
But couldn't you equally say that you might be overstating the negative impact it will have? Nobody, even the pro-Brexit campaigners, ever claimed that it would be an easy transition.
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That's my point though, largely the pro-Brexit campaign suggested a land of milk and honey, free from European interference, free trade and a better economy for all. Enough people bought that argument for Brexit to become a reality, yet no one has a clue as to how the British economy will overcome the loss of single market membership.
 
The Esk said:
That's my point though, largely the pro-Brexit campaign suggested a land of milk and honey, free from European interference, free trade and a better economy for all. Enough people bought that argument for Brexit to become a reality, yet no one has a clue as to how the British economy will overcome the loss of single market membership.
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I'm not even convinced about the 'leave the EU and be open to the world' line of thought either, as the language from May and Rudd has been more about protectionism and state intervention in the economy than it has been a paean to free trade.
 
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The Esk said:
That's my point though, largely the pro-Brexit campaign suggested a land of milk and honey, free from European interference, free trade and a better economy for all. Enough people bought that argument for Brexit to become a reality, yet no one has a clue as to how the British economy will overcome the loss of single market membership.
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That was never the Brexit view at all. Most Brexit voters understood that things could be worse but still voted to regain control of our own country. It was a brave vote, while the remainers just wanted to keep in the cosy world of the EU. We haven't lost the single market and you have no idea if we will or not.....
 
Bruce Wayne said:
I'm not even convinced about the 'leave the EU and be open to the world' line of though either, as the language from May and Rudd has been more about protectionism and state intervention in the economy than it has been a paean to free trade.
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It's early days and we still haven't even notified the EU that we are leaving.......
 
peteblue said:
That was never the Brexit view at all. Most Brexit voters understood that things could be worse but still voted to regain control of our own country. It was a brave vote, while the remainers just wanted to keep in the cosy world of the EU. We haven't lost the single market and you have no idea if we will or not.....
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At the risk of repetition the notion that we can "have control of our own country', have free trade, liberate business from the trading standards and regulations of the EU, abolish freedom of movement and remain members of the single market is sheer fantasy.
 
Bruce Wayne said:
Hopefully things will change then. The referendum itself was noticeable for the absence of anyone really trumpeting the benefits of globalisation, and there's been precious little of that since the referendum either.
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Let's not forget that since the vote, we have had to change the PM, the Cabinet Ministers have changed and the Government, who shamefully hadn't even prepared for a Brexit vote, is now having to put together an exit negotiating strategy. Talks have been opened with a raft of countries, but nothing can be moved forward while we remain in the EU. The vote only took place 3 months ago.......
 
The EU to propose free rail travel all over Europe up to 18 years of age cost 2 billion per year where's that money coming from?
A rotten to the core bribe to upset the U.K.?
They spend money they simply do not have at least we will be rid of them in 2 years!
Being 8.5 billion better off, and controlling our own affairs from these polictical nut cases!
 
The Esk said:
At the risk of repetition the notion that we can "have control of our own country', have free trade, liberate business from the trading standards and regulations of the EU, abolish freedom of movement and remain members of the single market is sheer fantasy.
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May has said she will put all EU law into UK law, so that takes care of trading standards and regulation, control of our own country will obviously happen when we leave, have free trade is what we will have just like any other Sovereign nation and have the ability to trade without EU hindrance and we will regain control of our Borders. That will all happen. We do not wish to remain members of the single Market, we are leaving, what we wish is to negotiate a trading relationship (not a political one) with our closest neighbours who happen to sell more to us than we do to them. This is not fantasy, these things can be done.........
 
The Esk said:
That's my point though, largely the pro-Brexit campaign suggested a land of milk and honey, free from European interference, free trade and a better economy for all. Enough people bought that argument for Brexit to become a reality, yet no one has a clue as to how the British economy will overcome the loss of single market membership.
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I'm not too sure that many people voted for Brexit based on economic considerations.
 
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