Thread: Brexit
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Old 20-06-2019, 08:36   #3564
OLD BOY
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Re: Brexit
Quote:
Originally Posted by daveeb View Post
"Significant damage to the economy" doesn't seem to bother the the majority of current Tory party members, depending on what they're getting in return of course.
That's because the Conservatives by and large don't buy the argument that there would be significant damage to the economy if we had a no 'Withdrawal Deal' Brexit.

---------- Post added at 07:36 ---------- Previous post was at 07:30 ----------

Quote:
Originally Posted by Damien View Post
I agree with you on Corbyn but austerity hasn't been a great success. We're still running deficits, our economy has been stagnant and some people have had to bare a disproportionate amount of the burden for it.

In retrospect we would probably have done better to have copied the example from America where they had a massive stimulus package to try and boost the economy. Compare the 2008-2018 performance of the U.S. Economy to our own. Obviously that's speculative, there is no way to know for sure, but austerity wasn't the answer either.
The deficit is a fraction of its original size and is now manageable by more traditional means. The economy is not stagnant, but it has slowed as a result of uncertainty over Brexit. When that is over, the economy is expected to bounce back again.

I'm not convinced that a stimulus package would have been the answer in our case. We have had pretty full employment here, and such a package would have required money we did not have, which would have meant more borrowing. Shame that Gordon Brown spent all our gold reserves and left no balances. Same old Labour shambles.
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