That's quite watered down from your earlier comments. You said it's a fact that we'll have a recession, which it clearly isn't. You state that we will regret Brexit, which might be true for some people, but won't be true for everyone. And you say that everyone who voted leave is either thick (or uneducated), racist, gullible or naive. You are mistaken about a great, many things.
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[Politics] Brexit
- Thread starter KingstonSeagull
- Start date
Baldseagull
Well-known member
We will have a recession, as you are the resident pedant, I should point out that I never said it was a fact, just that I was not guessing, if we have not gone in to recession within 6 months of invoking article 50, it will come soon after. The only way we will avoid recession is if government abandons the austerity program completely, and borrows beyond our means, possibly a bit of quantative easing on top, they may do all this and we still hit recession, especially when the day we actually leave arrives. Those olduns thinking they were saving their Grandkids from the horrors of the E.U. are bequeathing them a mountain of national debt.
I believe the majority of leave voters will regret voting the way they did at some point, I do not know if you will or not, some will not connect their vote and the consequences together, some will be dead before we have gone through the leave process and some won't give a toss as long as they are alright. I believe a good number see it as a gamble and are hoping for the best, but will not be surprised if it doesn't pan out too well.
I have said that everyone who voted leave is either thick, racist, gullible or naive, it was a little tongue in cheek, but I do believe that the racist, gullible and naive swung the result for leave.
BUNGLING International Monetary Fund officials have claimed Britain’s economy will grow faster than Germany’s and France’s just weeks after warning Brexit would have a “severe” impact on the economy.
Officials are facing a humiliating climbdown after claiming Britain would face a recession if the country opted to leave the European Union.
But now the IMF expects the British economy to grow by 1.7 per cent this year and 1.3 per cent in 2017.
The forecast puts the UK’s economy as the second-fastest growing economy in 2016 among the G7 industrialised nations, second only to the US.
The embarrassing backtrack by the financial watchdog comes after a string of anti-Brexit stories prior to the historic referendum last month.
IMF managing director Christine Lagarde, said Brexit would be “very very bad” for Britain but latest forecasts now suggest otherwise.
Mrs Lagarde was forced to backtrack in 2013 after the IMF predicted the UK was “playing with fire” for implementing austerity measures, only to see the UK economy shoot up as a result of the measures.
She later admitted the IMF “got it wrong” over its forecast.
Ousted director general of the British Chamber of Commerce John Longworth, who backed Brexit, said: “Talk of Armageddon seems to be receding.
“This is not surprising. If the Government adopts the right policies, we will be in a position where all the doom and gloom that was predicted simply disappears.”
A Treasury spokesman said: “Our country remains open for business. We are the same outward-looking, globally-minded, big-thinking country we have always been.”
http://www.express.co.uk/news/uk/69...ritain-economy-growing-despite-Brexit-doom-EU
I know this is not the news many wanted, so just close your eyes, fingers in the ears and hum Dixie.
Officials are facing a humiliating climbdown after claiming Britain would face a recession if the country opted to leave the European Union.
But now the IMF expects the British economy to grow by 1.7 per cent this year and 1.3 per cent in 2017.
The forecast puts the UK’s economy as the second-fastest growing economy in 2016 among the G7 industrialised nations, second only to the US.
The embarrassing backtrack by the financial watchdog comes after a string of anti-Brexit stories prior to the historic referendum last month.
IMF managing director Christine Lagarde, said Brexit would be “very very bad” for Britain but latest forecasts now suggest otherwise.
Mrs Lagarde was forced to backtrack in 2013 after the IMF predicted the UK was “playing with fire” for implementing austerity measures, only to see the UK economy shoot up as a result of the measures.
She later admitted the IMF “got it wrong” over its forecast.
Ousted director general of the British Chamber of Commerce John Longworth, who backed Brexit, said: “Talk of Armageddon seems to be receding.
“This is not surprising. If the Government adopts the right policies, we will be in a position where all the doom and gloom that was predicted simply disappears.”
A Treasury spokesman said: “Our country remains open for business. We are the same outward-looking, globally-minded, big-thinking country we have always been.”
http://www.express.co.uk/news/uk/69...ritain-economy-growing-despite-Brexit-doom-EU
I know this is not the news many wanted, so just close your eyes, fingers in the ears and hum Dixie.
East Preston Gull
New member
Now, Ireland is going to have to contribute another 280 million Euros to the snouts in troughs mafia project.
Mo money, Mo money.
Sent from my E6653 using Tapatalk
Mo money, Mo money.
Sent from my E6653 using Tapatalk
Baldseagull
Well-known member
It is another prediction, from the experts who according to Gove, we have had enough of. The predictions for 2016 should hold up, given that May has said we will not invoke article 50 this year, next year is a bit trickier and I suspect they will amend that if we push the button early in the new year.
beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 35,348
thats an excellent economic policy, amounts to "spend loads even though it wont do any good".
larus
Well-known member
As someone who voted to leave due to my concerns about US Europe and lack of democracy, I was saying about the bullshit projections from ECB, IMF, BoE, CBI, Obama (AKA ****), and we were continually told that we should trust the experts.
So, now the experts have been proved to being wrong (all this about 4 weeks after th vote), you are saying that "They are only projections" and quoting Gove saying we shouldn't trust experts. Are you saying that only the projections which show that the sky is falling are valid?
Oh, the irony hahahaha.
Baldseagull
Well-known member
I was not advocating it, but it would be tempting for the Government to do it, and there are signs that that will be the policy. The "good" it would do is lessen the depth and severity of any recession, possibly put it off for years, but we will pay later, or rather later generations will pay. This would be good for the Tories, as they will be able to convince the gullible, naive and thick that they guided us through the difficult Brexit period without too much drama.
It's like sweeping the dirt under the carpet.
Pretty pink fairy
Banned
- Jan 30, 2008
- 31,981
Two Professors
Two Mad Professors
Baldseagull
Well-known member
No, I was trying to point out the irony of not believing the predictions of post Brexit economic recession, but being comforted by the current predictions from the same experts.
I believe the original predictions of doom and gloom were on the basis of immediate invocation of article 50. If and when that happens I expect it to get pretty gloomy.
Yeah those older and retired folk, what would they know, probably all been on the dole all their lives and watched others do their national service, payed no tax......any way it was only them, all 17million plus that voted Leave, just think of it...17million plus old and retired folk voting Leave, none voting In by the way..
Most and probably yourself predicted doom and gloom from day one, can we put the doom and gloom back now until Article 50 is used.....or do we need to keep the gloom up until then.
larus
Well-known member
I don't know about you, but I just find that today's "Doom And Gloom" ain't what it used to be.
Interest rates at 15%.
Unemployment at 3m.
3 day weeks.
Power cuts.
That's what I call Doom and Gloom.
I yearn for the old days you know. That's when you knew you would get some proper Doom And Gloom. Let's be honest here, this post Bexit stuff ain't all it's cracked up to be. Yeah, we had the stock market crash on the Friday, but, well, that didn't cut the mustard. So, the pounds down about 8% (guess), but well, that still doesn't feel like real Doom And Gloom. I feel for the Remainers, they haven't even got the ability to say "I told you so" anymore either. But, I suppose, it's all going to go wrong now when we trigger article 50, or when we actually leave.
I'll tell you when we'll get real Doom And Gloom. That's when the EU breaks up as it's finally seen as a failed project and the EURO will be the root cause. Then they can say "We told you so".
Not sure i can wait for this Article 50 to get my next fix of Doom and Gloom, i reckon they should start from Article 1 and go to 49 first, do an Article each week, that should give us Doom and Gloom for a year or 52 weeks....that is taking into account a 2 week annual holiday when we can drown our sorrows with All Inclusive drinks but no Doom and Gloom.
portslade seagull
Well-known member
Some of the Doomsayers have disappeared altogether, but I'm sure they are just itching for something drastically bad to go wrong so the can come crawling back
larus
Well-known member
Maybe a new weekly game - Article 1-50 Lottery.
3 numbers : stock market crash.
4 numbers : bank run.
5 numbers : recession as per IMF (9% drop in GDP).
6 numbers : world war 3 - We have a winner.
That'll bring back some real Doom And Gloom for you. You can then sleep nice and restless every night again.
yxee
Well-known member
Talking of the IMF, I hear their latest economic forecast isn't quite as awful as before...
portslade seagull
Well-known member
Look just stop coming out with all this good news !!!!!! WE WANT BAD NEWS, REAL DOOMY GLOOMY NEWS SOMETHING WHICH CAN BE UPLOADED EVEN IF IT ISN'T TRUE
larus
Well-known member
Think the IMF are vying for the same recognition on economic forecasting as Uncle Spielberg has for snow predictions
