Like most experts hes probably wrong over Brexit as we have not gone immediately into recession as forecast the DP pointed Osbornes script out yesterday on the DP!
Current Affairs EU In or Out
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Like most experts hes probably wrong over Brexit as we have not gone immediately into recession as forecast the DP pointed Osbornes script out yesterday on the DP!
end of the day the final figure net foir our membership of the EU is 8.5 billion net and will be rising in a club with ZERO GROWTH!
tsubaki
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not sure that any advice from tax QCs called Jolyon is ever going to be in the interests of the working class
So, essentially, you're not interested in anything any expert says.
Let me put it this way - I'll take what the CBI and pretty much any notable professional body on the subject matter say after many, many studies more seriously than one crackpot on GOT.
I still value people having expertise on a subject to form my own views. You clearly don't. So be it. But at this point, if you really think we're "pissing" £8bn away with it going in the EU's "back pocket" with nothing in return, you're deluded and akin to someone denying climate change based on a "gut feeling".
Do you actually know what the bold word means?
How is the EU some how gives us good growth in your opinion yet the rest of it apart form Germany is on its knees??????????????
Who's to say we would not flourish and do well in world trade even better that's why the out won the vote get used to it!
For the love of...
That's NOT what I'm saying. I'm saying you have to at least put emphasis on something being carefully thought through, when set against some idiots just shouting stuff in the ether loud enough to be convincing to the average Joe Public.
face facts your blowing in the wind we voted OUT!
Because it's such a fundamental part of our economy that cutting it away would be such a substantial hit that replacing it in the short- to medium-term is outright impossible, and even in the long-term it is extremely likely to be damaging.
It's not just me saying it - it's actually backed by people whose jobs rely on actually looking properly at these kinds of things.
Given the importance of this referendum we feel we need to reiterate that the CEP, the IFS and NIESR are all independent, impartial organisations which exist to conduct and promote high quality economic research. What we publish and say is not, and never has been, influenced by our funding. None of our funding is dependent on being either pro-EU or pro-government – as our frequent vocal criticisms of each in the past should make clear. None of the three current directors of the organisations ever supported joining the Euro, nor did the organisations themselves.
Jagjit Chadha, director of NIESR said: “Our research shows that in the short run a vote to leave the EU would increase uncertainty and, at best, reduce growth. In the long run more costly trade and less foreign investment would hold growth back.”
John van Reenen, director of the CEP said: “Research at both CEP and NIESR shows that the UK economy would do worse outside the EU than in it. Trade as an engine of growth would stall. Indeed virtually all the economic work of which we are aware tells the same story – there really is no serious doubt that leaving would be taking a big risk with the economy.”
Paul Johnson, director of IFS said: “Given that leaving the EU is likely to reduce growth the public finances would suffer. That would mean higher borrowing in the short term and higher taxes or lower spending in the long-term.”
https://fullfact.org/europe/economic-consequences-leaving-eu/
SNova
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Let's just say hypothetically that it was economically better for Britain to become a state in the United States of America, would you vote for our country to become a state?
Let's just say it was economically better for New Zealand to join Australia and sacrifice sovereignty, should they do it?
Was it really an economic question to most?
Let's just say it was economically better for New Zealand to join Australia and sacrifice sovereignty, should they do it?
Was it really an economic question to most?
tsubaki
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Johnson and Chadha are ex Treasury employees, and van Reenen was a SPAD to New Labour for a short while. It should not be automatically presumed that they are entirely independent figures making an honest assessment of the pros and cons of a measure.
peteblue
Welcome back Wayne
The Office for National Statistics (ONS) said sales volumes in October were up 7.4% from a year earlier.
On a monthly basis, sales jumped 1.9% from September - a much stronger increase than economists had forecast.
October's autumnal conditions boosted clothing sales.
Paul Hollingsworth, UK economist at Capital Economics, said: "Clothing sales in particular were strong, perhaps reflecting the cooler weather prompting a re-stocking of consumers' winter wardrobes."
The ONS also said that internet sales posted the strongest growth for five years, jumping almost 27%.
"Non-store sales have surged over the last months, rising by 4.1% in September and 3.6% in October, showing no weakening in the trend away from spending on the high street to online shopping," said Samuel Tombs at Pantheon Macroeconomics.
The figures suggest consumer confidence remains robust in the face of uncertainty caused by Brexit.
On a monthly basis, sales jumped 1.9% from September - a much stronger increase than economists had forecast.
October's autumnal conditions boosted clothing sales.
Paul Hollingsworth, UK economist at Capital Economics, said: "Clothing sales in particular were strong, perhaps reflecting the cooler weather prompting a re-stocking of consumers' winter wardrobes."
The ONS also said that internet sales posted the strongest growth for five years, jumping almost 27%.
"Non-store sales have surged over the last months, rising by 4.1% in September and 3.6% in October, showing no weakening in the trend away from spending on the high street to online shopping," said Samuel Tombs at Pantheon Macroeconomics.
The figures suggest consumer confidence remains robust in the face of uncertainty caused by Brexit.
peteblue
Welcome back Wayne
I think that's the core question. We voted for trade not a USE, we very nearly got sucked into it........
Indeed, and that's what people should be honest about - instead of arguing about Britain being "better off", just call it what it is - you want out of the EU as you dislike the idea of any form of foreign sovereignty over our country, no matter how insignificant it is, and consider total and complete independence more important than potential financial ruin.
And that's fine. You're entitled to that view, but don't pretend you are coming to that conclusion based on any research whatsoever about what is best overall for the wellbeing of the UK, because you are obviously not. You are doing it based on gut instinct.
Google away all you want brexit will happen we will leave the EU is some capacity were we get our laws back - how ironicle Canada has been given a free rade agreement yet immigration in their country from all over the world a single person cannot enter to live there? on LBC this am
Just look at their rules on just going there as a tourist -
http://www.cic.gc.ca/english/visit/apply-who.asp
The EU is becoming defunct its debts are rising who in their right mind would want to be in a political union with that lot - trade as we first voted on yes the treaty's NO
We are a big economy we have no need to subsidise the lesser eastern block countries who contribute next to nothing other than benefit from the EU Brexit means Brexit - learn to live with it!
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