Interesting article. The short answer, according to that article, was No.
The last bit was particularly telling:-
“The lack of evidence of significant economic harms from Brexit is particularly important because it was always likely that most costs would be upfront and relatively visible,” Jessop and Gudgin argue. “In contrast, the main upside of Brexit was always the increased freedom to develop distinctive economic policies, whose benefits would take longer to come through,” they added.
The main problem has been that the Brexiteers spent so long getting Brexit "done" (and by that I mean the initial break, getting Parliamentary agreement, and the initial fudged compromises) that everything has been political ideology, rather than practical steps forward.
Because there is a distinct lack of "distinctive economic policies". We are an island nation, whose economic model has been markedly different from Continental Europe for decades, if not centuries. And the only "vision" I am seeing at the moment is an unwillingness to look forward, rather than back.
Interesting article. The short answer, according to that article, was No.
The last bit was particularly telling:-
“The lack of evidence of significant economic harms from Brexit is particularly important because it was always likely that most costs would be upfront and relatively visible,” Jessop and Gudgin argue. “In contrast, the main upside of Brexit was always the increased freedom to develop distinctive economic policies, whose benefits would take longer to come through,” they added.
The main problem has been that the Brexiteers spent so long getting Brexit "done" (and by that I mean the initial break, getting Parliamentary agreement, and the initial fudged compromises) that everything has been political ideology, rather than practical steps forward.
Because there is a distinct lack of "distinctive economic policies". We are an island nation, whose economic model has been markedly different from Continental Europe for decades, if not centuries. And the only "vision" I am seeing at the moment is an unwillingness to look forward, rather than back.
It seems very easy for economists to at least try to confuse the general public. A number of them seem to wish to mitigate losses that have occurred so far, with the promise of future benefits. This is despite the fact that the losses so far actually exist, and the future benefits may not come to fruition. If there was a UK PLC, then their accountants would have produced a set of accounts based on the facts. There is no doubt in my mind that there has been a cost associated with Brexit.
At the time of the referendum the pro Brexit financial argument was based on our ability to do trade deals with other countries subsequent to leaving the EU, particularly the USA. Yet I listened to a report last night showing that we have dramatically increased our trade with the USA, despite the absence of a trade deal, which doesnt seem to be happening anytime soon. This is also true on a number of EU countries, particularly Germany. The USA now buys more from Europe than it does from China. In fact some European companies are considering switching some of their production to the USA, to take advantage of their green subsidies.
When economists tend to argue the pros and cons of Brexit they want to focus on different criteria. One says what about this, the next one says but what about that. They dont dispute the first point, they just come up with a completely different one.
Mark Carney saying that the UK economy has shrunk from 90% of the size of Germany's to 70% since Brexit, seems a valid point. As does the OBR saying that Brexit has had a significant adverse impact on UK trade.
Lots of people argue, almost on a daily basis, on this forum that we are a democracy. Yet polling shows that there is a large majority that support the idea that Brexit was a mistake. I have accepted that as a very small majority voted in favour of Brexit we had to leave. Yet the Brexit deal that was done, was not the best deal for the country. We are unable to change this because a faction within the Tory Party would kick off.
The people that voted for them ( at the time) Now people have seen them for what they are, the Polls are pointed towards them being voted out. Which begs the question, how do those who voted to leave feel now we have some clarity as to what leaving actually means….
Was the 142 resignations all Tories? If so, as they had an 80 seat majority does that mean Labour have a majority now 😏, obviously as they resigned there must have been a by-election..
The people that voted for them ( at the time) Now people have seen them for what they are, the Polls are pointed towards them being voted out. Which begs the question, how do those who voted to leave feel now we have some clarity as to what leaving actually means….
Was the 142 resignations all Tories? If so, as they had an 80 seat majority does that mean Labour have a majority now 😏, obviously as they resigned there must have been a by-election..
The resignations were 110 from Government posts, and 32 Cabinet Ministers so they are all still Tory MPs.
The people that voted for them ( at the time) Now people have seen them for what they are, the Polls are pointed towards them being voted out. Which begs the question, how do those who voted to leave feel now we have some clarity as to what leaving actually means….
Was the 142 resignations all Tories? If so, as they had an 80 seat majority does that mean Labour have a majority now 😏, obviously as they resigned there must have been a by-election..
The resignations were 110 from Government posts, and 32 Cabinet Ministers so they are all still Tory MPs.
Ah, so they won their seat on a Tory manifesto, then resign presumably because they don’t agree with the Tory stance, I get it.
Based in safe Tory seat of Skipton ..... Andy Burnham (Mayor of Manchester) ex-Labour MP who challenged for the Labour leadership in 2015, is on the panel, amongst others
The people that voted for them ( at the time) Now people have seen them for what they are, the Polls are pointed towards them being voted out. Which begs the question, how do those who voted to leave feel now we have some clarity as to what leaving actually means….
Was the 142 resignations all Tories? If so, as they had an 80 seat majority does that mean Labour have a majority now 😏, obviously as they resigned there must have been a by-election..
The resignations were 110 from Government posts, and 32 Cabinet Ministers so they are all still Tory MPs.
Ah, so they won their seat on a Tory manifesto, then resign presumably because they don’t agree with the Tory stance, I get it.
Man not allowed to join club for decades, due to a prominent member's belief the man would be disruptive, and generally spoil the club.
Man joins club, and immediately afterwards asks its people whether it should have done so. Then objects to pretty much everything the Club is trying to do. Views everything with either suspicion or contempt. Whether that be the EEC, the EC, or the EU.
Man leaves club. In leaving, calls them every name under the sun.
Now man decides that they should automatically be allowed to rejoin club. Regardless of what the loyal members think.
And the UK wonders why we are viewed with suspicion throughout Europe?
Man not allowed to join club for decades, due to a prominent member's belief the man would be disruptive, and generally spoil the club.
Man joins club, and immediately afterwards asks its people whether it should have done so. Then objects to pretty much everything the Club is trying to do. Views everything with either suspicion or contempt. Whether that be the EEC, the EC, or the EU.
Man leaves club. In leaving, calls them every name under the sun.
Now man decides that they should automatically be allowed to rejoin club. Regardless of what the loyal members think.
And the UK wonders why we are viewed with suspicion throughout Europe?
Interesting article. The short answer, according to that article, was No.
The last bit was particularly telling:-
“The lack of evidence of significant economic harms from Brexit is particularly important because it was always likely that most costs would be upfront and relatively visible,” Jessop and Gudgin argue. “In contrast, the main upside of Brexit was always the increased freedom to develop distinctive economic policies, whose benefits would take longer to come through,” they added.
The main problem has been that the Brexiteers spent so long getting Brexit "done" (and by that I mean the initial break, getting Parliamentary agreement, and the initial fudged compromises) that everything has been political ideology, rather than practical steps forward.
Because there is a distinct lack of "distinctive economic policies". We are an island nation, whose economic model has been markedly different from Continental Europe for decades, if not centuries. And the only "vision" I am seeing at the moment is an unwillingness to look forward, rather than back.
Jeremy Hunt loses his cool when quizzed about Brexit by Beth Rigby
Interesting article. The short answer, according to that article, was No.
The last bit was particularly telling:-
“The lack of evidence of significant economic harms from Brexit is particularly important because it was always likely that most costs would be upfront and relatively visible,” Jessop and Gudgin argue. “In contrast, the main upside of Brexit was always the increased freedom to develop distinctive economic policies, whose benefits would take longer to come through,” they added.
The main problem has been that the Brexiteers spent so long getting Brexit "done" (and by that I mean the initial break, getting Parliamentary agreement, and the initial fudged compromises) that everything has been political ideology, rather than practical steps forward.
Because there is a distinct lack of "distinctive economic policies". We are an island nation, whose economic model has been markedly different from Continental Europe for decades, if not centuries. And the only "vision" I am seeing at the moment is an unwillingness to look forward, rather than back.
Jeremy Hunt loses his cool when quizzed about Brexit by Beth Rigby
Comments
https://www.msn.com/en-gb/money/other/is-brexit-to-blame-for-the-current-financial-crisis/ar-AA14plP3?ocid=msedgntp&cvid=00ff369e5ac44fb7afb59a5912534184
The last bit was particularly telling:-
“The lack of evidence of significant economic harms from Brexit is particularly important because it was always likely that most costs would be upfront and relatively visible,” Jessop and Gudgin argue. “In contrast, the main upside of Brexit was always the increased freedom to develop distinctive economic policies, whose benefits would take longer to come through,” they added.
The main problem has been that the Brexiteers spent so long getting Brexit "done" (and by that I mean the initial break, getting Parliamentary agreement, and the initial fudged compromises) that everything has been political ideology, rather than practical steps forward.
Because there is a distinct lack of "distinctive economic policies". We are an island nation, whose economic model has been markedly different from Continental Europe for decades, if not centuries. And the only "vision" I am seeing at the moment is an unwillingness to look forward, rather than back.
A number of them seem to wish to mitigate losses that have occurred so far, with the promise of future benefits.
This is despite the fact that the losses so far actually exist, and the future benefits may not come to fruition.
If there was a UK PLC, then their accountants would have produced a set of accounts based on the facts.
There is no doubt in my mind that there has been a cost associated with Brexit.
At the time of the referendum the pro Brexit financial argument was based on our ability to do trade deals with other countries subsequent to leaving the EU, particularly the USA.
Yet I listened to a report last night showing that we have dramatically increased our trade with the USA, despite the absence of a trade deal, which doesnt seem to be happening anytime soon.
This is also true on a number of EU countries, particularly Germany.
The USA now buys more from Europe than it does from China.
In fact some European companies are considering switching some of their production to the USA, to take advantage of their green subsidies.
When economists tend to argue the pros and cons of Brexit they want to focus on different criteria.
One says what about this, the next one says but what about that.
They dont dispute the first point, they just come up with a completely different one.
Mark Carney saying that the UK economy has shrunk from 90% of the size of Germany's to 70% since Brexit, seems a valid point.
As does the OBR saying that Brexit has had a significant adverse impact on UK trade.
Lots of people argue, almost on a daily basis, on this forum that we are a democracy.
Yet polling shows that there is a large majority that support the idea that Brexit was a mistake.
I have accepted that as a very small majority voted in favour of Brexit we had to leave.
Yet the Brexit deal that was done, was not the best deal for the country.
We are unable to change this because a faction within the Tory Party would kick off.
https://www.msn.com/en-gb/news/other/voices-voted-brexit-bet-you-re-regretting-that-now/ar-AA14vAbl?ocid=msedgntp&cvid=6e922aeb9afd4b03848937f203124390
https://www.msn.com/en-gb/money/other/brexit-business-groups-and-unions-call-for-delay-of-eu-legislation-bonfire/ar-AA14vgU3?ocid=msedgntp&cvid=6e922aeb9afd4b03848937f203124390
https://www.msn.com/en-gb/money/other/uk-s-hunt-rules-out-move-away-from-brexit-trade-deal-with-eu/ar-AA14sOvG?ocid=msedgntp&cvid=6e922aeb9afd4b03848937f203124390
Question time should be good tonight
Based in safe Tory seat of Skipton ..... Andy Burnham (Mayor of Manchester) ex-Labour MP who challenged for the Labour leadership in 2015, is on the panel, amongst othershttps://www.msn.com/en-gb/news/uknews/let-s-reverse-the-mad-experiment-of-brexit/ar-AA14wePG?ocid=msedgntp&cvid=f1f3f2326c8b41d9b529237af7b6d30d
Man joins club, and immediately afterwards asks its people whether it should have done so. Then objects to pretty much everything the Club is trying to do. Views everything with either suspicion or contempt. Whether that be the EEC, the EC, or the EU.
Man leaves club. In leaving, calls them every name under the sun.
Now man decides that they should automatically be allowed to rejoin club. Regardless of what the loyal members think.
And the UK wonders why we are viewed with suspicion throughout Europe?
^^^^^
Excellent post @Essexphil
https://www.msn.com/en-gb/money/other/jeremy-hunt-loses-his-cool-when-quizzed-about-brexit-by-beth-rigby/ar-AA14wYyX?ocid=msedgntp&cvid=d88f8cd5d1d14addbf1e8964c3d11e3d
People visiting food banks will be delighted to hear they can eat silicon.