Thread: Brexit discussion
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Old 17-06-2018, 22:01   #3065
OLD BOY
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Re: Brexit discussion
Quote:
Originally Posted by Dave42 View Post
Director Of The Institute For Fiscal Studies: There Is No Brexit Dividend

https://www.lbc.co.uk/radio/presente...exit-dividend/
Paul Johnson's attitude is clear from the following statement he made:

"What Brexit is essentially about is making trade more difficult with our nearest, biggest and richest neighbour.

"That in the end, that is the economics of Brexit. We are withdrawing from a Single Market, presumably, and withdrawing from a customs union, presumably, and that just has to make us worse off.

"How much worse off we don't know. It might be a relatively small amount. Hopefully a good deal less traumatic than the [2008] financial crisis."

So his assessment clearly assumes that we will not get the deal that Theresa May has said we will get. It is only when you assume the worst outcomes of these negotiations that you can realistically come to such a conclusion.

He 'knows' that we will be worse off, but doesn't know by how much and it might be a relatively small amount!

Not exactly the precision we should expect, I think it is fair to say!

---------- Post added at 22:01 ---------- Previous post was at 21:59 ----------

Quote:
Originally Posted by 1andrew1 View Post
Spot on Damien. (The only Brexit dividend is being gained is by Frankfurt, Dublin and Paris as all those financial services relocate some of their operations there.)
TM tells us that not only will we be getting more than was stated on the side of that bus, but we will get even more and yet all you can do is criticise!

This is more money than Labour are proposing to spend on the NHS!!
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