Thread: Brexit discussion
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Old 18-06-2018, 12:13   #3076
OLD BOY
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Re: Brexit discussion
Quote:
Originally Posted by Carth View Post
The trouble is Andrew, that it's all guesswork and projections based on 'what if' scenarios. I doubt anyone is 'disrespecting' the work they do, but they've been wrong a few times in the past, which doesn't help the 'man in the streets' perception of their value.

It's like using statistics to prove something, looks good on paper but doesn't reflect real life. . . .
Quite right, Carth. All these negative forecasts have assumptions built in that may be right, but in my opinion are likely to be wrong. One of the assumptions made by the OBR, for example, is that if that money stops being sent to Brussels it will be spent elsewhere by the government, which means that it makes almost no difference when forecasting future borrowing. That's a pretty big assumption to make, isn't it? Nobody apart from the Government knows what the precise plans are for spending money, so you can take such forecasts with a pinch of salt.

I say again what I have been saying all along - most economic forecasts have been wrong in the past and yet some on this forum think they are gospel!

---------- Post added at 11:13 ---------- Previous post was at 11:09 ----------

Quote:
Originally Posted by 1andrew1 View Post
You simply don't trust the hard-working British people Old Boy. You choose to disrespect the hard work of our civil servants and consultancies when they analyse how the economy will perform post-Brexit.
I don't disrespect the work the civil servants do. I just happen to think they are wrong on this particular subject.

You seem to be in awe of them, for some reason.
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