Thread: Brexit (Old)
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Old 30-11-2018, 14:08   #3991
Sephiroth
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Re: Brexit

Quote:
Originally Posted by jonbxx View Post
So I guess you are happy with how the government has performed since 2016 in this respect?

When almost all of the forecasts indicate a downturn in performance of the UK economy even with trade deals. For example, the recent government study takes in to account that we will have comprehensive trade deals according to government policy with United States, Australia, New Zealand, Malaysia, Brunei, China, India, Mercosur (Brazil, Argentina, Paraguay and Uruguay) and the Gulf-Cooperation Council (UAE, Saudi Arabia, Oman, Qatar, Kuwait and Bahrain)

The question is, if almost all forecasts indicate a downturn in the economy then we need to talk about how much rather than whether it will happen. See climate change studies as a similar example.. If the methodology is flawed, then where are the 'correcting' studies by other groups or is the entire science of economics flawed?

I hope you are right and the negative impacts are low but we need to be ready in case this is not the case. Personally, in my situation, we can absorb a fair level of financial shock (Brexit proofing our mortgage with a really long term fixed rate for example) and most of my work comes from the EU rather than the UK. I am worried this will not be the case for everyone though.
You are being specious in your assertion of a 'downturn in the economy'.

The currently issued forecasts talk about lower economic GROWTH, which in no way means a 'downturn in the economy'.

It would help if you acknowledged this.
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