Brexit WTF, WTF

[Waynemarlow]

As Truss found out, if you give even the slightest hint of a problem potential scenario ( in her case she simply moved to fast toward tax cutting to push for growth, which had been proved to work by Osbourne who collected more tax when he lowered the tax rate ) to the world financial markets, then they will hedge against you to make even more money. So why haven't they started to look at the Euro as the next big cash cow ?

 

[Sailabout]

Lehman, cough cough. Washington Mutual, cough cough. Wachovia, cough cough.

yes but summed they dont add up to a Deutsche
maybe if we add Debit Lyonnais and a few more the EU has burnt through lots of stated funded cash.

Timeline of Failed European Banks

A few months back Open Economics launched a project to list the European banks which have failed recently. After a successful online data sprint and follow up research, we have now collected data o…

openeconomics.net

"A few months back Open Economics launched a project to list the European banks which have failed recently. After a successful online data sprint and follow up research, we have now collected data on 122 bank failures and bailouts since 1997."

Did I mention that clown show of a bunch of Dutch farmers trying to run an international investment bank..had a few buddies that milked that fiasco.

 

[Laser1]

Majority of Brits now regret Brexit, new poll finds - after public anger at cost of living and inflation

An increasingly large majority of Brits now think Brexit was a mistake, new polling suggests.

www.lbc.co.uk

The sad thing is that the UK is still deeply divided and split down the middle after 6 years of F8cking around.

Let's come together and make the UK great again ...... yeah right

 

[Tcatman]

Majority of Brits now regret Brexit, new poll finds - after public anger at cost of living and inflation

An increasingly large majority of Brits now think Brexit was a mistake, new polling suggests.

www.lbc.co.uk

The sad thing is that the UK is still deeply divided and split down the middle after 6 years of F8cking around.

Let's come together and make the UK great again ...... yeah right

Are you Brits divided because the average Brit is ignorant about the basics of modern economics and finance and are easily played by actors driving their lizard brain reactions and stoking an overwhelming cynicism... Or are they divided at the level of their core values... They still get played by bad actors driving their reactions to the extremes but at least they align policy with their values. ?? The US voting population has a huge element of ingorance at play... try asking ... Why do we have inflation now?... what's the cause and how is it like the 70's? Of course the celebration of authoritarians in support of white christian nationalism is truly scary.

 

[Waynemarlow]

To be fair, the 57% LBC ( who as a broadcaster is becoming more and more on the leftish side of politics ) quote as favouring the EU, wasn't that the same figure Cameron thought he had in the bag to Remain. Look what happened when push came to shove and people voted.

 

[Tcatman]

Hmm.... push came to shove..... and THAT is the issue... a few years ago.... the US population overreacted to the Ebola outbreak.(angola??).. something like 5 US cases ... caught over seas.... Nurses were locked into isolation tents in parking lots by R governors.. the fear was stoked by politicians not in power simply to hammer obama. ... and as luck would have it... just before an election... push came to shove and the reactionary response by voters has consequences for today... That is my concern..... "push came to shove" and it drives reactions... NOT actual choice. My takeaway... nothing was learned by the brits here... they "regret" the brexit vote.... they don't say... welp... I made a mistake... I got this wrong... . ... the push and shove crap was rinsed from memory. Ditto for us on many issues in the states.... Watching you debate the nuts and bolts of brexit while setting aside the push and shove is just an academic exercise seperated from the push and shove stuff . I am all in for academic exercises).. the the push and shove bs is ugly!

 

[Waynemarlow]

I think push & shove means something quite different in the UK than the literal word meaning a Yank looking in may interpret. Push and shove is just used as a term when something happens because you have to make a decision, nothing more. I may have misused the term not taking into account those translating to perfect English.

when push comes to shove in British English​

informal
when matters become critical; when a decision needs to be made

I wouldn't take any meaningful result from that poll, afterall its only a 4% swing of voters and at this sort of level you would only have to get the data from a group that on the day was fed up with pollsters asking questions and giving answers biased on whether they have just had a lunch served badly by some untrained Brit, rather than a professionally trained waiter from Greece.

 

[dogwatch]

Are you Brits divided because the average Brit is ignorant about the basics of modern economics and finance

If you are assuming that Leave voters were primarily motivated by economics, that is probably incorrect. A sense that too many were immigrating from eastern Europe played a significant part and made a certain amount of sense, particularly for those competing for the same types of jobs.

 

[Jambalaya]

Ouch !!! Author lives in France and writes for The Spectator

Europe is lost in space. Ever since the Soviets orbited Yuri Gagarin and America landed men on the moon, Europe has proclaimed the ambition to compete on the final frontier.

More than half a century later, Europe is unable to compete even with India, as in October it became incapable of launching its own payloads into space.

Europe’s space agency is an example of European chauvinism at its absolute worst

Protected by political and bureaucratic omertà, and with little curiosity on the part of politicians and journalists, Europe’s clumsy space exploration efforts have forced it to turn for launch services to the Twitter and Tesla tycoon, the anarchist squillionaire Elon Musk.

Europe’s space agency (the UK remains a member) is an example of European chauvinism at its absolute worst, its failures a masterclass in how not to be globally competitive, while spending billions on institutional grandiosity.

The EU’s galactically bad space programme

Europe is lost in space. Ever since the Soviets orbited Yuri Gagarin and America landed men on the moon, Europe has proclaimed the ambition to compete on the final frontier. More than half a century later, Europe is unable to compete even with India, as in October it became incapable of...

www.spectator.co.uk

 

[Jambalaya]

Given the UK has been underperforming Euro economies since 2016, doom and gloom seem appropriate. He also claimed Brexit would reduce consumer prices, which hasn't exactly worked out either. A peddler of snake oil.

UK has not been underperforming EU economies.

 

[AnIdiot]

England appears to be moving (quite rapidly) to the right, politically; hence comments from Wayne suggesting LBC is moving Left, Jambalaya stating that Conservative Party MPs are "centrist" and the increasing tension between Scottish Government & Welsh Assembly and Westminster over social policy. It's not really an economic divide, so much as a divergence of prioritisation (spend on the "needy"/invest in services or reduce the burden on the "rich" to promote growth). This has been accompanied by a combination of pro-Brexit rhetoric and modern-media/US-influenced polarisation that has allowed populist and racist attitudes to (re)gain traction.

It's not currently clear how far it will go, nor how far it might swing back to, or through, the centre. The tensions are still increasing and will likely continue to for a few years, at least, but British society is pretty resilient; it depends what happens in Northern Ireland, Ukraine, the EU... and the wider impact of recession, interest rates, fuel prices and so on. Too early to tell just now, as the country is still licking its wounds after the chaos of the Tory implosion and has it's collective eyes on getting through Christmas. Once the New Year arrives, with winter set in, there will be a collective re-evaluation and a more settled concensus may emerge.

 

[Only Fools Rush In]

This is the rightwing fake news show now? Bullshitting the EU?

 

[LeoV]

Yep, as they have done the last 20 years. Old habits. Some even believe the Spectator.

 

[dogwatch]

UK has not been underperforming EU economies.

"Britain’s GDP per head has grown just 3.8 per cent since the referendum, while the EU’s has grown by 8.5 per cent."

The UK economy has fallen far behind the EU since Brexit

Britain’s GDP per head has grown just 3.8 per cent since the referendum, while the EU’s has grown by 8.5 per cent.

www.newstatesman.com

 

[dogwatch]

England appears to be moving (quite rapidly) to the right

Does it? Do you have any more robust basis for that assertion than what Jambalaya and Wayne might say? Or have I missed a joke?

 

[Waynemarlow]

England appears to be moving (quite rapidly) to the right, politically;

Bet you said that to your Dad as well when you were a bairn.

 

[dogwatch]

Ouch !!! Author lives in France and writes for The Spectator

Yes, an author and a publication that share a consistently anti-France and anti-EU stance. The Spectator is an interesting read on Conservative politics, frequently flying kites that a few weeks later transmogrify to government policy. On the EU and France in particular, it pushes utterly predictable propaganda.

 

[crashdog]

AI, MOTO...
But then again, given the rhetoric in this room, some obvious truth might be useful.

 

[Jambalaya]

Yes, an author and a publication that share a consistently anti-France and anti-EU stance. The Spectator is an interesting read on Conservative politics, frequently flying kites that a few weeks later transmogrify to government policy. On the EU and France in particular, it pushes utterly predictable propaganda.

Spectator is evenly balanced always publishing pieces by different writers covering both sides of most issues

 

[Jambalaya]

"Britain’s GDP per head has grown just 3.8 per cent since the referendum, while the EU’s has grown by 8.5 per cent."

The UK economy has fallen far behind the EU since Brexit

Britain’s GDP per head has grown just 3.8 per cent since the referendum, while the EU’s has grown by 8.5 per cent.

www.newstatesman.com

The New Statesman

EDIT: I can’t read the whole piece as it is behind a paywall … however they are using GDP growth per capita rather than headline GDP so as to twist their point.

The UK was still in the EU for nearly 4 years after the referendum

2021 GDP Growth

UK 7.4%
France 7%
Germany 2.9%