Cable Forum - View Single Post

Ignitionnet · 10-07-2016, 12:15

I appreciate that no-one listens to experts anymore but I'm not aware of anyone credible, even the more optimistic projections, that see the UK saying 'cya' to the EU and catching up with the lost growth even by 2030.

I say that, the projection I am thinking of forecast a 0.1% of GDP recession over this quarter and the next 3 as a result of Brexit, total 0.4%, before growth starts again, and it looks as though we'll see a loss of more than 0.4% this quarter alone. Indeed there was a bigger drop than 0.1% just in June.

The projections that saw the UK catch up with lost growth saw a 'best of both possible' relationship with the UK in the single market.

We do not need to say 'cya' to the EU to expand our trading relationships with the rest of the world now, it's not a binary choice.

10-07-2016, 12:15	#75
Ignitionnet Inactive Join Date: Jun 2008 Location: Leeds, West Yorkshire Age: 47 Posts: 13,995	Re: UKIP leader Nigel Farage stands down I appreciate that no-one listens to experts anymore but I'm not aware of anyone credible, even the more optimistic projections, that see the UK saying 'cya' to the EU and catching up with the lost growth even by 2030. I say that, the projection I am thinking of forecast a 0.1% of GDP recession over this quarter and the next 3 as a result of Brexit, total 0.4%, before growth starts again, and it looks as though we'll see a loss of more than 0.4% this quarter alone. Indeed there was a bigger drop than 0.1% just in June. The projections that saw the UK catch up with lost growth saw a 'best of both possible' relationship with the UK in the single market. We do not need to say 'cya' to the EU to expand our trading relationships with the rest of the world now, it's not a binary choice.