Current Affairs EU In or Out

[peteblue]

I just think the future of the nation should've been based on actual facts and planning.

Like every General Election we've ever had.........

 

[peteblue]

The devaluation is to keep the economy competitive - it has happened organically, because investment is flowing outwards so it needs to self-balance.

Inflation is the net result of that. Once other economies kick on, we'll foreseeably be left in the dirt because confidence in our status in the world is at a low, so suddenly you have rapid inflation - and that's the concern; that inflation will get out of control, because not enough "good" is happening to counterbalance it.

Why is confidence in our status low, our political clout has never been greater, people want to come and work in the UK, countries are queuing up to do deals, our economy is beating all the doom mongers, consumer confidence is high, our companies have never been so highly valued, exports are improving, employment is going through the roof......and meanwhile what is our inflation figure ?........

 

[ToffeeTim]

The devaluation is to keep the economy competitive - it has happened organically, because investment is flowing outwards so it needs to self-balance.

Inflation is the net result of that. Once other economies kick on, we'll foreseeably be left in the dirt because confidence in our status in the world is at a low, so suddenly you have rapid inflation - and that's the concern; that inflation will get out of control, because not enough "good" is happening to counterbalance it.

The devaluation is short term. And short term it's not a bad thing. UK business needed a boost to its exports and the benefits to be had from this will improve efficiency and productivity.

As for investment, we will without doubt offer incentives to invest in the UK. Be that easier access to credit, undercutting on corporation tax etc. There will not be a mass exodus of UK investors. It will not happen.

And your inflation point is just wrong. The official CPI target is 2%. It's not close to that.

 

[peteblue]

The devaluation is short term. And short term it's not a bad thing. UK business needed a boost to its exports and the benefits to be had from this will improve efficiency and productivity.

As for investment, we will without doubt offer incentives to invest in the UK. Be that easier access to credit, undercutting on corporation tax etc. There will not be a mass exodus of UK investors. It will not happen.

The devaluation will bring in massive investment........

 

[Pienaar's gloves]

Why is confidence in our status low, our political clout has never been greater, people want to come and work in the UK, countries are queuing up to do deals, our economy is beating all the doom mongers, consumer confidence is high, our companies have never been so highly valued, exports are improving, employment is going through the roof......and meanwhile what is our inflation figure ?........

We've just sent out a message telling hundreds of millions of our nearest neighbours that they're not welcome.

 

[Tubey]

Why is confidence in our status low, our political clout has never been greater, people want to come and work in the UK, countries are queuing up to do deals, our economy is beating all the doom mongers, consumer confidence is high, our companies have never been so highly valued, exports are improving, employment is going through the roof......and meanwhile what is our inflation figure ?........

Because we won't be part of the Single Market, and there's a reason people are so alarmed about that (even pro-Brexit politicians). It means companies wanting in to that market will settle somewhere else instead of investing here, and it means existing companies at best won't expand or at worst will simply move to a country that can offer them the Single Market.

So unless we offer tax incentives akin to Ireland, and given investment will see our overall net worth slip by billions a year, eventually we'll become even more dependent on the financial sector, which will also be hamstrung by Brexit.

This - http://www.independent.co.uk/news/u...uk-economy-66bn-cost-leaving-eu-a7354996.html - is a worst case scenario in many ways, but it's very viable, and even half of that outcome would be calamitous to us.

Leaving the EU was a needless political act of economic self-harm for very little actual benefit. I fear that will become very obvious over the coming years.

 

[The Esk]

There was no plan. ......

You've summed up the Government's approach to the referendum, EU, and Brexit perfectly. Offer a referendum to secure the sceptic vote in the 2015 GE, tick! be fairly ambivalent in the campaign but expect a narrow remain result. Oh, we have a narrow leave result, sorry we've no plan, we'll make it up as we go along.

You'd never let a board of directors run a company in the way this government is running our nation, our future and the future of our children/grandchildren.

Total dereliction of duty from our PM and cabinet.

 

[Tubey]

The devaluation is short term. And short term it's not a bad thing. UK business needed a boost to its exports and the benefits to be had from this will improve efficiency and productivity.

As for investment, we will without doubt offer incentives to invest in the UK. Be that easier access to credit, undercutting on corporation tax etc. There will not be a mass exodus of UK investors. It will not happen.

And your inflation point is just wrong. The official CPI target is 2%. It's not close to that.

Yet.

Also, I just explained why devaluation occurs and, yes, in the short term it's fine - it keeps us competitive. But it's a short term bandage, not a long term aid. It has a limit.

In regards to CT, we'd have to drop it to levels that will cost the treasury ridiculous amounts, because we'd have to compete with the likes of Ireland, who will be in the EU.

Sorry, but I really don't think you comprehend just how bad this could get in the mid- to long-term, and for what?

 

[ToffeeTim]

We've just sent out a message telling hundreds of millions of our nearest neighbours that they're not welcome.

We can take skilled workers from both within Europe and outside it now. We can take in workers based on our needs.

Free movement for work will be unaffected. Free movement for other reasons won't. But there is no rationale for allowing free movement for non economic reasons.

 

[peteblue]

The fact is that continued membership of the EU would have been equally uncertain. What power would we have lost next? Who would we have been left to bail out next? Who would be our next EU joiner? What level of immigration would have been thrust on us?

We can actually decide our own laws now.

This is an excellent post. It is fairly obvious, and most political commentators agree, that we were being pushed into the margins, not in shengen, not in euro, not wanting a euro army etc etc. There would come a time when it would be obvious,even to the remain voters that we just didn't fit and that we should leave. The difference being that while it will be difficult now, it would have been absolute mayhem in the future........

 

[Pienaar's gloves]

We can take skilled workers from both within Europe and outside it now. We can take in workers based on our needs.

Free movement for work will be unaffected. Free movement for other reasons won't. But there is no rationale for allowing free movement for non economic reasons.

We could always welcome skilled workers from outside Europe.

 

[peteblue]

Because we won't be part of the Single Market, and there's a reason people are so alarmed about that (even pro-Brexit politicians). It means companies wanting in to that market will settle somewhere else instead of investing here, and it means existing companies at best won't expand or at worst will simply move to a country that can offer them the Single Market.

So unless we offer tax incentives akin to Ireland, and given investment will see our overall net worth slip by billions a year, eventually we'll become even more dependent on the financial sector, which will also be hamstrung by Brexit.

This - http://www.independent.co.uk/news/u...uk-economy-66bn-cost-leaving-eu-a7354996.html - is a worst case scenario in many ways, but it's very viable, and even half of that outcome would be calamitous to us.

Leaving the EU was a needless political act of economic self-harm for very little actual benefit. I fear that will become very obvious over the coming years.

We will mate, that Hull lad has convinced me that we can trade with anyone on the planet. But ignoring that, we will do a deal, don't panic, it will be done. We have far more going for us than the doomsayers would have you believe....

 

[peteblue]

We could always welcome skilled workers from outside Europe.

Indeed, Australia, NZ and Canada to name but 3.........

 

[Pienaar's gloves]

The decide our own laws argument is boss.

24% of the eligible population voted Tory in 2015.

Things will stay as undemocratic as ever.

 

[Tubey]

We will mate, that Hull lad has convinced me that we can trade with anyone on the planet. But ignoring that, we will do a deal, don't panic, it will be done. We have far more going for us than the doomsayers would have you believe....

A deal with the EU to remove free movement whilst keeping access to the single market?

Not. A. Chance. Amazed people still seriously think this is possible - it was impossible before the referendum, and it's impossible now. It was a lie - a bare-faced lie that wasn't called out properly and fooled millions.