07-10-2025, 22:15
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#6226
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cf.mega poster
Join Date: Dec 2013
Posts: 15,389
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Re: Britain outside the EU
Quote:
Originally Posted by Pierre
The UK has a "steel industry"?
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Yes. Not well known amongst the prawn sandwich brigade but it exists. However, thanks to Trump and Brexit it's facing a host of challenges.
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Yesterday, 17:22
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#6227
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cf.mega poster
Join Date: Dec 2013
Posts: 15,389
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Re: Britain outside the EU
Brexit chickens coming home to roost at a cost of billions.
Quote:
The Office for Budget Responsibility will next month downgrade its UK productivity growth estimates and identify Brexit and Covid-19 among the contributory factors, said officials briefed on the independent forecaster’s thinking.
The OBR productivity downgrade will represent a significant part of the overall shortfall that UK chancellor Rachel Reeves has said she will fill through tax and spending cuts.
“The OBR will say clearly that Brexit had a bigger effect on the British economy than they expected, along with Covid,” said one government official. The OBR declined to comment.
A 0.2 percentage point markdown in the OBR’s productivity forecast would cost about £18bn a year.
Andrew Bailey, Bank of England governor, weighed into the debate in Washington on Saturday when he said the economic impact of Brexit would be negative “for the foreseeable future” although in the longer term there should be “a positive, albeit partial, counterbalance”.
Andrew Bailey, Bank of England governor, said the economic impact of Brexit would be negative ‘for the foreseeable future’. Meanwhile Reeves told a key IMF committee in Washington: “The UK’s productivity challenge has been compounded by the way in which the UK left the European Union.”
The 2016 vote for Britain to leave the EU has become an almost taboo subject for many politicians in recent years.
At last year’s general election, the issue was little mentioned. Labour wanted to win back Leave voters, while the Conservatives did not want to talk about a project that had fallen into disrepute with the electorate.
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https://archive.ph/x0ez8
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Yesterday, 17:39
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#6228
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vox populi vox dei
Join Date: Mar 2007
Location: the last resort
Services: every thing
Posts: 14,782
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Re: Britain outside the EU
Quote:
Originally Posted by 1andrew1
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riding along on a wave of bullshit
__________________
To be or not to be, woke is the question Whether 'tis nobler in the mind to suffer. The slings and arrows of outrageous wokedome, Or to take arms against a sea of wokies. And by opposing end them.
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Yesterday, 17:55
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#6229
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Still alive and fighting
Join Date: Jun 2007
Location: In the land of beyond and beyond.
Services: XL BB, 3 360 boxes , XL TV.
Posts: 56,656
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Re: Britain outside the EU
Quote:
Originally Posted by papa smurf
riding along on a wave of bullshit
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Not according to the wider public opinion now.
__________________
“The only lesson you can learn from history is that it repeats itself”
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Yesterday, 18:10
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#6230
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cf.mega poster
Join Date: Dec 2013
Posts: 15,389
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Re: Britain outside the EU
Quote:
Originally Posted by papa smurf
riding along on a wave of bullshit
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Sounds like you're using denial as your coping mechanism as taxes rise and productivity drops. I get it; we all handle these things in different ways
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Yesterday, 18:25
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#6231
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cf.mega poster
Join Date: Jul 2004
Location: Hiding . . from all the experts
Posts: 4,383
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Re: Britain outside the EU
10 years, and Brexit is still being blamed instead of the Governments (both of) incompetence and fixation with everything but the UK.
__________________
'The trouble with having an open mind, of course, is that people will insist on coming along and trying to put things in it' ~ T. Pratchett
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Yesterday, 18:41
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#6232
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The Dark Satanic Mills
Join Date: Dec 2003
Location: floating in the ether
Posts: 13,196
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Re: Britain outside the EU
Quote:
Originally Posted by 1andrew1
Sounds like you're using denial as your coping mechanism as taxes rise and productivity drops. I get it; we all handle these things in different ways
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Due to the unexpected cost of building Hadrian’s wall Rachel Reeves had said she has no choice but to raise taxes to cover this unexpected hit.
__________________
The wheel's still turning but the hamsters dead.
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Yesterday, 18:42
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#6233
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cf.mega poster
Join Date: Dec 2013
Posts: 15,389
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Re: Britain outside the EU
Quote:
Originally Posted by Pierre
Due to the unexpected cost of building Hadrian’s wall Rachel Reeves had said she has no choice but to raise taxes to cover this unexpected hit.
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Lol. 
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Yesterday, 19:07
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#6234
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cf.mega poster
Join Date: Jul 2004
Location: Hiding . . from all the experts
Posts: 4,383
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Re: Britain outside the EU
Quote:
Originally Posted by Pierre
Due to the unexpected cost of building Hadrian’s wall Rachel Reeves had said she has no choice but to raise taxes to cover this unexpected hit.
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Quote:
Originally Posted by 1andrew1
Lol. |
Absolutely 
__________________
'The trouble with having an open mind, of course, is that people will insist on coming along and trying to put things in it' ~ T. Pratchett
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Yesterday, 20:08
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#6235
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Rise above the players
Join Date: Mar 2008
Location: Wokingham
Services: 2 V6 with 360 software, ITVX, 4+, Prime, Netflix, Apple+, Disney+, Paramount+, Discovery+
Posts: 15,123
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Re: Britain outside the EU
Quote:
Originally Posted by 1andrew1
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It could have been so different if the government went on to deliver the benefits. Where is the bonfire of regulations? May and Sunak were never going to lift a finger to do what was necessary. Our only hope now is for Farage to pick up the cudgels.
__________________
Forumbox.co.uk
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Yesterday, 20:17
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#6236
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cf.mega poster
Join Date: Apr 2004
Location: Northampton
Services: Virgin Media TV&BB 350Mb,
V6 STB
Posts: 8,157
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Re: Britain outside the EU
Quote:
Originally Posted by OLD BOY
It could have been so different if the government went on to deliver the benefits. Where is the bonfire of regulations? May and Sunak were never going to lift a finger to do what was necessary. Our only hope now is for Farage to pick up the cudgels.
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Link
Quote:
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At present 36.72% has been reformed. Some pieces of legislation may undergo further reform in future.
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