Cost of Brexit

[BillyStubbsTears]

SS.

I don't know if you move in circles where folk make shit up just to win an argument. Because if you don't, I wonder why you think I do that.

Here's a link to recent US GDP growth rates.
https://tradingeconomics.com/united-states/gdp-growth-annual

You see it booming? Or do you see growth quite rapidly falling, which is what I said?

Then extend the timescale on the graph by hitting the "MAX" button and have a look at how the performance under Trump compares to historical performance.

Then think twice in future before you accuse me of lying.

[Glyn_Wigley]

What's the big deal about being able to live and study in Europe? Why can't people be happy with what they have got and stay at home?

People might like to decide what they want to do for themselves instead of being told what to do by the likes of you?

[scawsby steve]

SS

And THAT sums up the problem.

1) Ignore predictions.

2) Ignore facts that confirm that predictions were correct.

3) Arrogantly say everything will be alright.


You don't do predictions? Fine. Then deal with facts. As a direct consequence of the 2016 vote, we have already lost £130bn. That will be £200bn and counting by the end of the year.

That would pay for 200 new infirmaries and a quarter of a million nurses salaries for ten years.

Or a million new houses.

Or HS3 with all bells and whistles. Five times over.


That's gone. Lost. Because of what you voted for.

Be man enough to own that fact. Instead of smugly saying "we'll be ok".

No BST, you don't just do facts and predictions, you do the facts and predictions that you WANT to believe. That was evident the other day when you denied that the US economy is booming, when all the pundits I've heard on all the news channels have stated that it is.

As regards smugly saying that we'll be OK, what do you expect me to think? That it's all doom and gloom? I don't feel that way, and I seriously think it's time some of you accept what's happened and move on.

You're not going to change anything by constantly moaning.

But you are?

What am I moaning about, and what am I wanting to change? We're leaving the EU.

[scawsby steve]

SS.

I don't know if you move in circles where folk make shit up just to win an argument. Because if you don't, I wonder why you think I do that.

Here's a link to recent US GDP growth rates.
https://tradingeconomics.com/united-states/gdp-growth-annual

You see it booming? Or do you see growth quite rapidly falling, which is what I said?

Then extend the timescale on the graph by hitting the "MAX" button and have a look at how the performance under Trump compares to historical performance.

Then think twice in future before you accuse me of lying.

Where have I accused you of lying? There are lots of stats and facts on both sides of any political argument, and most of us, including you, listen to the ones that fit our opinions. That's all I'm saying.

[BillyStubbsTears]

Of course you've accused me of lying.

You said I only post "facts" that I want to believe. I take offence at that because it clearly implies that you think I'm not honest.

But that's irrelevant to be honest. If you prefer, I'll withdraw that comment.

Because your latest post highlights THE key problem today.

"There are lots of stats and facts on both sides of any political argument, and most of us, including you, listen to the ones that fit our opinions."

That's the cancer at the heart of our public discourse. The claim that facts are malleable, and if I don't like your facts, I can discount them because you're not being honest and balanced.

So, in this discussion, you as good as told me I was wrong for saying that the US economy isn't booming. I provided you with data on THE most definitive measure of economic performance that shows that it clearly is not booming. And you say that I just choose facts to fit what I want the truth to be. You don't address the facts that contradict you. You ignore them.

[wilts rover]

SS.

I don't know if you move in circles where folk make shit up just to win an argument. Because if you don't, I wonder why you think I do that.

Here's a link to recent US GDP growth rates.
https://tradingeconomics.com/united-states/gdp-growth-annual

You see it booming? Or do you see growth quite rapidly falling, which is what I said?

Then extend the timescale on the graph by hitting the "MAX" button and have a look at how the performance under Trump compares to historical performance.

Then think twice in future before you accuse me of lying.

If it helps anyone:

Posted 12th Jan 2020 - A key lending indicator shows the US economy is slowing

https://qz.com/1783789/declining-business-loans-signal-the-us-economy-is-slowing/

[BillyStubbsTears]

What's happened in the US economy is simple, textbook economics.

When the Republicans took over Congress in 2010, they insisted that the deficit had to be eliminated and they blocked Obama's spending plans. As a result, the US economy was sluggish at best.

You'd have to ask them why, but when a Republican became President, all of a sudden, balancing the books wasn't an issue. They signed off a huge tax cut (mainly given away to the very richest). That has resulted in the deficit doubling under Trump. It also, as it should, caused a temporary boost to the economy. It's like a big sugar rush. And, precisely as conventional economics predicts, the effect is temporary and soon wears off. So there was a boom in 2017/18 and since then there's been a steadily tailing off of economic growth, and an increase in the deficit.

Awful macroeconomic management.

And before you ask SS, there's authoritative, established data to support every comment there.

[Glyn_Wigley]

SS

And THAT sums up the problem.

1) Ignore predictions.

2) Ignore facts that confirm that predictions were correct.

3) Arrogantly say everything will be alright.


You don't do predictions? Fine. Then deal with facts. As a direct consequence of the 2016 vote, we have already lost £130bn. That will be £200bn and counting by the end of the year.

That would pay for 200 new infirmaries and a quarter of a million nurses salaries for ten years.

Or a million new houses.

Or HS3 with all bells and whistles. Five times over.


That's gone. Lost. Because of what you voted for.

Be man enough to own that fact. Instead of smugly saying "we'll be ok".

No BST, you don't just do facts and predictions, you do the facts and predictions that you WANT to believe. That was evident the other day when you denied that the US economy is booming, when all the pundits I've heard on all the news channels have stated that it is.

As regards smugly saying that we'll be OK, what do you expect me to think? That it's all doom and gloom? I don't feel that way, and I seriously think it's time some of you accept what's happened and move on.

You're not going to change anything by constantly moaning.

But you are?

What am I moaning about, and what am I wanting to change? We're leaving the EU.

You're moaning about BST.

[German Rover]

What's the big deal about being able to live and study in Europe? Why can't people be happy with what they have got and stay at home?

I presume you're moving back to bermondsey then?

[Iberian Red]

What's the big deal about being able to live and study in Europe? Why can't people be happy with what they have got and stay at home?

That's a very interesting question!





It confirms why you post absolute knackers on here.

You stayed at home,reading the Mail,watching Jeremy Kyle and Cash in The Attic. That's how you've formed your rounded political/social opinions.
All this,sat in your Barbour in the deprived area of Isle of Axlehole.

[SydneyRover]

''EU's funding for UK's poorest areas 'must be matched after Brexit'

Government’s new fund should at least equal EU’s near £2bn, Industrial Communities Alliance says''

''A body that represents local authorities in the industrial areas of England, Scotland and Wales said the government needed to match the money currently coming from Brussels and allow for extra EU cash that would have arrived over the next few years.

The Industrial Communities Alliance said the new shared prosperity fund – designed to replace EU funding to the regions – needed to be at least as generous as the schemes it was replacing''

https://www.theguardian.com/politics/2020/jan/17/eus-funding-for-uks-poorest-areas-must-be-matched-after-brexit

Well that's that done, just post off the form to No10

Dear Mr Johnson please give us 2b, we voted for you xxxx

[Metalmicky]

What was it like in the UK pre 1973..... ?

Just asking for a friend.....

[selby]

  Bloody awful news for you guys this morning with the thousand  financial firms queuing upto trade in Britain and the latest predictions from the IIMF
   Brexit bounce Billy be happy

[BillyStubbsTears]

I don't know what's more contemptible Selby.

1) You making this shit up in a regular basis?

2) You actually thinking that I would be upset if the country did well?

You need to sit down and take a long, hard look at yourself.

[selby]

  Had a bad night Billy, not like you to be so fragile in the morning buddy, calm down, do some research and post it on here if it makes you happy.

[BillyStubbsTears]

I've seen the news behind your post Selby. Unlike the one about cars which I'm still waiting for.

This isn't an economic boost. It's companies having to relocate their offices to continue serving their current customers.

Here's a thought for you.

If companies in Frankfurt and Paris and Luxembourg and Dublin are having the set up offices in London to continue serving UK-basex clients, does it dawn on you that the reverse will also be happening?
https://news.efinancialcareers.com/uk-en/3000398/brexit-banks-moving-out-of-london

[selby]

  Already been done Billy on the same report only 300 British firms set up across the water, and most with a maximum of twelve office staff, with the work still being done in London and were spread out between Dublin Paris etc, and had difficulty relocating staff away from London.

[SydneyRover]

Cost to business rising already but good for any that can get a job.

[big fat yorkshire pudding]

Well the IMF predicts if the Brexit exit goes smoothly the UK to grow faster than the EU......

If we consider what the current position means to ordinary people like us, wage growth above inflation, more people in work than ever before and in full time jobs.

Of course they are just two points on a bigger position, what if Brexit doesn't go smoothly etc.

[BillyStubbsTears]

  Already been done Billy on the same report only 300 British firms set up across the water, and most with a maximum of twelve office staff, with the work still being done in London and were spread out between Dublin Paris etc, and had difficulty relocating staff away from London.

Barclays alone moved 175 staff out of London to Dublin to set up an office to trade with the EU post Brexit.

https://news.efinancialcareers.com/uk-en/3000398/brexit-banks-moving-out-of-london

You REALLY need to widen your reading Selby.

[Iberian Red]

  Already been done Billy on the same report only 300 British firms set up across the water, and most with a maximum of twelve office staff, with the work still being done in London and were spread out between Dublin Paris etc, and had difficulty relocating staff away from London.

Barclays alone moved 175 staff out of London to Dublin to set up an office to trade with the EU post Brexit.

https://news.efinancialcareers.com/uk-en/3000398/brexit-banks-moving-out-of-london

You REALLY need to widen your reading Selby.

W@#n##g makes you blind!

[selby]

So most is interpreted as all Iberian does it. Carry on with the self gratification buddy.

[scawsby steve]

  Already been done Billy on the same report only 300 British firms set up across the water, and most with a maximum of twelve office staff, with the work still being done in London and were spread out between Dublin Paris etc, and had difficulty relocating staff away from London.

Barclays alone moved 175 staff out of London to Dublin to set up an office to trade with the EU post Brexit.

https://news.efinancialcareers.com/uk-en/3000398/brexit-banks-moving-out-of-london

You REALLY need to widen your reading Selby.

W@#n##g makes you blind!

It's alright buddy, you don't have to stop completely. Just cut down a bit and wear spectacles.

[Iberian Red]

So most is interpreted as all Iberian does it. Carry on with the self gratification buddy.

Maybe its makes you write nonsense,as that is what that post is.
I feel dirty,I've been team tagged by Selby and Steve.