Brexit thread - what happens next

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muon said:
I'm not saying low interest rates are bad. Nor am I saying the world economy right now isn't in a poor position (low interest rates, low inflation, precarious economic growth).

However, leaving the EU will in the short term hit the UK economy at a time when the world economy itself is relatively weak. The BoE is looking to lower interest rates, sterling has fallen 14% versus the dollar, government tax income will fall.

Time will tell, but we will be able to measure our economic performance against Germany/France/Italy etc. All educated predictions point to the UK being hit far worse than anyone else in the world as a consequence of Brexit. To make things worse, whilst inflation normally falls when economic growth slows (helping keep real incomes up), there are predictions of a brief spike in inflation over the next 12 months.

If house prices start falling, then credit may be more difficult to get, creating a localised UK credit crisis. The BoE will have already fired everything at its disposal. (See share prices of UK banks).
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On the contrary, this is the perfect time to enact a massive shift in economic focus.

If other economies are struggling they will be far more willing to listen to your arguments. Especially if you are running a trade deficit with them whilst we can use new found freedom to forge new paths as well.

In 10 years we will be outperforming France and Italy. Mark my words. We have work and social ethics they simply don't have and to our huge advantage we speak English better than anyone and it's still the world's dominant language by a loooong shot.
 
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I'm just watching the BBC Parliament channel and there is a recording of a select committee meeting over the UK's economic relationship with the EU.

The faces on some of the MP's, i can only describe them as wtf have we unleashed :)

In the above he just said a50 won't be decided on until it is in the supreme court and a lot of other things.

The MP's are astonished at the answers they are getting to their questions.
 
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No1newts said:
http://www.bbc.co.uk/news/business-36702235

They took our jobs! So obviously all the dole dwellers will now rush to get off benefits to fill these jobs.... Yeah....
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If we can't get Strawberry pickers the visa system can accommodate as per every other country on the planet. Maybe market forces will even accommodate higher wages to encourage people from all walks of life to consider it a viable career option.

We can dream I suppose...
 
According to Professor Michael Dougan we could trigger article 50 and then back out, i wonder if the politicians will take this way out?
 
bayo000 said:
It's fine. We won't be able to afford strawberries soon. Non issue. :D
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That states the English are lazy, want to be managers, farmers get cheap labour, farmers get money from EU (paid to not plant crops?), the money earned leaves England. A few other things but doesn't sound much of an issue other than farmers will struggle more because of lack of EU funding although that might be arranged through the government?
 
I prefer to focus on hard productivity figures since 'work ethic' means different things to different people depending on whether they are trying to paint someone as lazy, or trying to promote themselves.

E.g. someone who constantly works extra hours in the evening and always says yes to the boss might say they have better work ethic than a colleague. But if their colleague brings in more money and gets more projects completed on time and accurately then it's irrelevant.

Working 14 hour days to try and make up for poor initial planning with every step taking longer due to a lack of investment in quality tools isn't commendable.
 
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Caged said:
I prefer to focus on hard productivity figures since 'work ethic' means different things to different people depending on whether they are trying to paint someone as lazy, or trying to promote themselves.
E.g. someone who constantly works extra hours in the evening and always says yes to the boss might say they have better work ethic than a colleague. But if their colleague brings in more money and gets more projects completed on time and accurately then it's irrelevant.
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That's the right way to go about it as figures/statistics are only relevant as long as the correct context is bundled with them. It's like you say that it depends on the job, environment and boss and who you ask
 
Moses said:
Wouldn't that be pretty risky, given there'd have to be unanimous support from all 28 countries? Or could we do it unilaterally? Watching his treasury committee evidence now to see what he said, but dunno if you know without me having to watch.

Apparently he said,


But, obviously, the Devil's in the detail.

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Did find this amusing,



Are you listening, Delta0? ;)
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Yes, saw that bit :) some interesting information, the MP's are dumb founded and it is amusing to watch them.

Some of the stuff that Mr Dougan knows is astonishing.
 
Just wow? This thread wont die. :rolleyes:

Its just a circle jerk of comments of no substantial substance, basically urinating in the wind from both sides.

Just let it be and move on for crying out loud.

But I suppose this is the rhetoric the edited out are out to regurgitate!

Do me and the other 17 million people a favour, STFU and deal with it then maybe progress can be made. ;)
 
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