Cable Forum - Britain outside the EU

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Re: Britain outside the EU

Quote:

Originally Posted by Pierre (Post 36204246)

The UK has a "steel industry"?

Yes. Not well known amongst the prawn sandwich brigade but it exists. However, thanks to Trump and Brexit it's facing a host of challenges.

Re: Britain outside the EU

Brexit chickens coming home to roost at a cost of billions.

Quote:

The Office for Budget Responsibility will next month downgrade its UK productivity growth estimates and identify Brexit and Covid-19 among the contributory factors, said officials briefed on the independent forecaster’s thinking.

The OBR productivity downgrade will represent a significant part of the overall shortfall that UK chancellor Rachel Reeves has said she will fill through tax and spending cuts.

“The OBR will say clearly that Brexit had a bigger effect on the British economy than they expected, along with Covid,” said one government official. The OBR declined to comment.

A 0.2 percentage point markdown in the OBR’s productivity forecast would cost about £18bn a year.

Andrew Bailey, Bank of England governor, weighed into the debate in Washington on Saturday when he said the economic impact of Brexit would be negative “for the foreseeable future” although in the longer term there should be “a positive, albeit partial, counterbalance”.

Andrew Bailey, Bank of England governor, said the economic impact of Brexit would be negative ‘for the foreseeable future’. Meanwhile Reeves told a key IMF committee in Washington: “The UK’s productivity challenge has been compounded by the way in which the UK left the European Union.”

The 2016 vote for Britain to leave the EU has become an almost taboo subject for many politicians in recent years.

At last year’s general election, the issue was little mentioned. Labour wanted to win back Leave voters, while the Conservatives did not want to talk about a project that had fallen into disrepute with the electorate.

https://archive.ph/x0ez8

Re: Britain outside the EU

Quote:

Originally Posted by 1andrew1 (Post 36204975)

Brexit chickens coming home to roost at a cost of billions.

https://archive.ph/x0ez8

riding along on a wave of bullshit

Re: Britain outside the EU

Quote:

Originally Posted by papa smurf (Post 36204977)

riding along on a wave of bullshit

Not according to the wider public opinion now.

Re: Britain outside the EU

Quote:

Originally Posted by papa smurf (Post 36204977)

riding along on a wave of bullshit

Sounds like you're using denial as your coping mechanism as taxes rise and productivity drops. I get it; we all handle these things in different ways

Re: Britain outside the EU

10 years, and Brexit is still being blamed instead of the Governments (both of) incompetence and fixation with everything but the UK.

Re: Britain outside the EU

Quote:

Originally Posted by 1andrew1 (Post 36204981)

Sounds like you're using denial as your coping mechanism as taxes rise and productivity drops. I get it; we all handle these things in different ways

Due to the unexpected cost of building Hadrian’s wall Rachel Reeves had said she has no choice but to raise taxes to cover this unexpected hit.

Re: Britain outside the EU

Quote:

Originally Posted by Pierre (Post 36204984)

Due to the unexpected cost of building Hadrian’s wall Rachel Reeves had said she has no choice but to raise taxes to cover this unexpected hit.

Lol. :D

Re: Britain outside the EU

Quote:

Originally Posted by Pierre (Post 36204984)

Due to the unexpected cost of building Hadrian’s wall Rachel Reeves had said she has no choice but to raise taxes to cover this unexpected hit.

Quote:

Originally Posted by 1andrew1 (Post 36204986)

Lol. :D

Absolutely :rofl:

Re: Britain outside the EU

Quote:

Originally Posted by 1andrew1 (Post 36204975)

Brexit chickens coming home to roost at a cost of billions.

https://archive.ph/x0ez8

It could have been so different if the government went on to deliver the benefits. Where is the bonfire of regulations? May and Sunak were never going to lift a finger to do what was necessary. Our only hope now is for Farage to pick up the cudgels.

Re: Britain outside the EU

Quote:

Originally Posted by OLD BOY (Post 36204989)

Link

Quote:

At present 36.72% has been reformed. Some pieces of legislation may undergo further reform in future.

Re: Britain outside the EU

Quote:

Originally Posted by OLD BOY (Post 36204989)

so its the governments faults even though the rest of us said this would happen. that Brexit would fail and would cost us dearly. we told you this would happen.

it happened.

now instead of saying "you lot were right" its "well it would have worked but it was the government who got it wrong"

How do you know that? You don't. Like you didnt know brexit would be a success but you still voted for it and gambled our countries future. Seems to just be a continuing attempt at denial by everyone involved in brexit tbh.

Re: Britain outside the EU

.. or maybe its just more "everything is the fault of Brexit", even 10 years later.

Re: Britain outside the EU

Quote:

Originally Posted by Paul (Post 36205005)

.. or maybe its just more "everything is the fault of Brexit", even 10 years later.

It's an ongoing cost due to increased barriers with our largest trading partners. Those increased costs occur every day, not just one day in 2021.

Clearly not just Brexit to blame for the country's situation. I don't think the Office fir Budget Responsibility is suggesting that though.

Re: Britain outside the EU

It certainly wasn't Brexit that caused Covid to be the shitstorm of the century, no amount of extra paperwork, custom control or different passports stopped that decimating the UK (and Europe).

Covid was the big crunch in 'homeworking' which led to office closures and empty city centers, the same city centers devoid of customers for the entertainment, hotels, and food/drink industry. We still haven't fully recovered from that, and many of those jobs that were lost aren't coming back because Covid caused such a massive change in lifestyles (as did the smoking ban).

How many small businesses went bust because they couldn't work during Covid, and how many of the larger ones still haven't paid back those 'Covid loans'. Lots of potential wiped out in a couple of years, and would have happened whether we were IN or OUT.