The cost of Brexit

The scumbag 'nasty party' promised that the uk economy would flourish after we left the EU.

Oh yeah ??? - seems that that is not to be the case !!!


Johnson accused of failing to protect small businesses from Brexit as one third say they are ready to leave UK

 

"Respondents were quizzed in mid-December, mostly after Mr Johnson’s general election triumph"

Ahhhh huh

 

It's not to late for Reversexit.

 

Oh! Yes it is!

 

DrRainbow

I prefer

EUin

But its going to be inevitable its just that we will be forced to go through a lot of pain first

 

Sounds like a sex position

 

Well with Brexit we all got fucked so….

 

In the whole 4 days since you left the EU?

 

Oh my poor sweet VG, suffering from those memory lapses again

We have been through this, Brexit was always going to have bad consequences because it was a really dumb idea and that is why people like you who support it can’t defend it in any rational or reasonable way.

 

Oh and I should also point out the obvious we still haven’t got Brexit, we are still very much in Brexit and will be for a long time

We are also still in the EU just not part of the deliberative part of it its called the transition period

 

Defend what?

The only way they are going to even want to get back in the EU is if there is some kind of economic miracle that turns around France, Italy, Spain and Greece. And I don't see that happening.

My bet is on Italy to be the next one to leave the EU

 

VG

Ok I’m up for another try

Can you give a rational reason why you think Brexit will be good for the UK and its people?

Not wishful thinking

Not bluster

Not bullshit

A rational and reasonable argument

I mean we have been discussing this issue for over three years here and NO leaver has yet come up with one but…..

[edit] oh and please don’t claim that you have but refuse to say where or what it was

 

You still think you are in the EU?

 

VG

What off at a tangent so quickly VG what happened to you defence of Brexit……

 

To all intents and purposes everything is still in place,

We are still trading as we were before,

We are still in the EU customs union and single market,

All the rules and regulations are the same

We can still travel as before in the EU

The right to live and work in the EU and vice versa is still in place.

The European Court of Justice continues to have the final say over any legal disputes

And we continue to contribute to the EU budget.

*

The only thing that has really changed is that the UK has now lost its ability to have a say in what the EU does, as one leaver MEP complained that means for example we have no voice in the EU fisheries committee while it is still regulating UK waters (we used to have a member on the committee).


That is the transition period, it means we are not a member of the EU but we are still part of the EU.

As I’ve said Brexit has not really started yet

 

VG

So now let’s have your defence of Brexit that rational argument you promised us for why leaving is good for the UK and its people.

 

VG.....VG.....anyone seen VG...he said he'd be here with a defence of Brexit but.....

 

Further evidence of the cost to the exchequer of 'Brexit'

Economic damage from Brexit will be up to 10 times boost from Budget spending hike, economists warn
Sajid Javid’s ambition to dramatically boost growth to 2.75 per cent a year also branded ‘unrealistic’

• Rob Merrick Deputy Political Editor @Rob_Merrick
• 22 hours ago
• 222 comments

The economic damage from Brexit will be up to 10 times the probable boost from the chancellor’s Budget plans to hike public spending, economists warn today.

Sajid Javid’s ambition to dramatically boost growth to 2.75 per cent a year – more than double the current rate – has also been branded “unrealistic” by the National Institute of Economic and Social Research (NIESR).


Instead, it predicts the UK economy will continue to suffer a “slow puncture” after years of low growth, because the dark clouds cast by Brexit will linger.

Mr Javid’s first Budget, next month, will be used to unveil a £100bn boost for roads, rail, broadband and other infrastructure, with the aim to “level up” the country’s poorer regions.


But in a set of gloomy predictions, NIESR warns the investment boost will take more than a decade to produce an annual GDP gain of only around 0.4 per cent.

And this, in turn, will be dwarfed by the loss of up to 4 per cent from the hard Brexit planned by Boris Johnson, creating new trade barriers with the EU, the UK’s most important market.


“Having promised the electorate both faster growth and a ‘levelling up’ in the economy, it simply cannot be delivered very quickly,” said Professor Jagjit Chadha, NIESR’s director.

“And that may further frustrate a population that demands a significant improvement in economic prospects.

“And yet free trade deals will open up the economy to the gales of competition that will seek to drive down prices in tradeable industries and may, in the short run, further accelerate job losses in those industries.”


Brexit timeline: How did we get here?
Show all 20




Last month, Mr Javid vowed to lift the UK’s annual growth rate to 2.75 per cent – despite risking tariffs and other trade barriers by insisting there would be “no alignment” with EU regulations after Brexit.


Watch more

• 
  Sajid Javid set to back HS2 in major boost for high-speed rail project
• 
  Sajid Javid admits some businesses will be hit by Brexit
• 
  Sajid Javid rebuked for falsely claiming homelessness going down
• 
  Javid claim that UK ‘already’ has outline of EU trade deal rejected

In its latest economic review, NIESR forecasts that:

* The 0.4 per cent long-term economic gain from boosting infrastructure spending would be “too little to offset the 3-4 per cent ‘cost’ of Brexit”.


* Even that 0.4 per cent was in doubt because the economy was already “close to potential” – risking an inflationary surge which would have to be choked off with higher interest rates.

* To work, it would also require higher day-to-day spending – for example, to recruit staff for new hospitals and schools.

* However, Mr Javid faced a £10bn shortfall to achieve his target to balance current spending by 2023 – threatening further spending cuts if taxes are held down.

* To achieve 2.75 per cent growth, productivity outside London would have to soar by 3 per cent a year – more than the entire economy achieved over the last 12 years.

The background to the Budget, to be held on 11 March, does not weigh up the growing risk of a no-deal Brexit at the end of 2020, after the UK clashed with the EU over its red lines for the trade talks.

 

Sajid Javid. that's a fun name

 

Lolz, NIESR is funded by the European commission