[Politics] Brexit

5ways said:

Think how well off they might be if the UK hadn't colonalised them for two hundred years.

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Two Professors said:

Do you really think they would have been better off under the French,or Russian,Empires?If you read your history,instead of getting sound-bites from the FT,you might understand these things a little better.

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5ways said:

I would think they would be better off without colonial rule by anyone but that's not what happened.

You might enjoy this video: https://www.mruniversity.com/courses/development-economics/did-british-rule-help-india

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JC Footy Genius said:

With Olympian disdain, hardcore Remainers have poured scorn on “the idiots” who voted to get out of the EU. They would get what they deserve. But here is an odd thing. Not only is the UK economy performing a lot better than expected. On top of that, the more strongly an area voted Leave the better it is doing. If you look at house prices, the numbers of jobs, or wage growth, it is already clear that the Leave areas are out-growing the rest of the country. Perhaps they weren’t so stupid after all?

Even the most diehard Remoaner must be feeling uneasy about their predictions of economic wipeout by now. Employment has just hit yet another record high. Exports are rising, wages are up, and the UK is still getting lots of inward investment. A recession may arrive, but there is not much sign of it.

Within those figures, however, an interesting trend has started to emerge about the Leave areas...

This week, the estate agency eMoov crunched the Land Registry figures to look at how prices were performing in different areas of the country, according to how they voted. What they found was surprising. While the UK has seen a 4.9pc rise in house prices since the referendum, despite the predictions of a collapse, a massive 159 Leave districts have seen prices rise by more than the national average, of which 30 have done twice as well as the country as a whole. By contrast, only 44 Remain areas have beaten the average...

That is just one example. But there is other evidence that points in the same direction. Take a look at jobs. The region with the fastest employment growth on the latest available data is the West Midlands, which added 96,000 jobs from March 2016 to March 2017. It returned the biggest Leave majority, with 59pc for out. The second highest rate of growth was in the South West, which also voted out. How about pay? The latest data show the West Midlands also has the fastest annual pay growth, at 3.3pc. The next highest was the North West, at 3pc, which also voted strongly to Leave. In London, where Remain won handsomely, wages have been growing by less than 2pc...

Actually, there should not be any great mystery about that. The truth is that for large parts of the country, the EU was not delivering any significant economic benefits. Huge flows of money into the City created an over-valued exchange rate, which depressed manufacturing, and made it very hard to export anything apart from financial services. Migration overall is good for the economy, but huge inflows of new people have depressed wages, especially for workers with few skills.

True, we have not left yet, and it remains to be seen what happens once we are actually out, especially if we tumble out without a decent trade deal. But, so far, it seems that some of those trends are going into reverse. If it carries on, Brexit may well end up rebalancing the UK economy between its richer and poorer regions – something successive governments have tried to do for years without a great deal of success.

It turns out the Leave voters were perfectly smart to make the decision they did. Despite all the warnings from Project Fear, they could see clearly that they weren’t getting much from EU membership. And they are being proved right. As for the Remain areas, they are starting to fall behind – which may explain why many of them are still so moany.

http://www.telegraph.co.uk/business...e-right-decision-brexit-helping-rebalance-uk/

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JC Footy Genius said:

With Olympian disdain, hardcore Remainers have poured scorn on “the idiots” who voted to get out of the EU. They would get what they deserve. But here is an odd thing. Not only is the UK economy performing a lot better than expected. On top of that, the more strongly an area voted Leave the better it is doing. If you look at house prices, the numbers of jobs, or wage growth, it is already clear that the Leave areas are out-growing the rest of the country. Perhaps they weren’t so stupid after all?

Even the most diehard Remoaner must be feeling uneasy about their predictions of economic wipeout by now. Employment has just hit yet another record high. Exports are rising, wages are up, and the UK is still getting lots of inward investment. A recession may arrive, but there is not much sign of it.

Within those figures, however, an interesting trend has started to emerge about the Leave areas...

This week, the estate agency eMoov crunched the Land Registry figures to look at how prices were performing in different areas of the country, according to how they voted. What they found was surprising. While the UK has seen a 4.9pc rise in house prices since the referendum, despite the predictions of a collapse, a massive 159 Leave districts have seen prices rise by more than the national average, of which 30 have done twice as well as the country as a whole. By contrast, only 44 Remain areas have beaten the average...

That is just one example. But there is other evidence that points in the same direction. Take a look at jobs. The region with the fastest employment growth on the latest available data is the West Midlands, which added 96,000 jobs from March 2016 to March 2017. It returned the biggest Leave majority, with 59pc for out. The second highest rate of growth was in the South West, which also voted out. How about pay? The latest data show the West Midlands also has the fastest annual pay growth, at 3.3pc. The next highest was the North West, at 3pc, which also voted strongly to Leave. In London, where Remain won handsomely, wages have been growing by less than 2pc...

Actually, there should not be any great mystery about that. The truth is that for large parts of the country, the EU was not delivering any significant economic benefits. Huge flows of money into the City created an over-valued exchange rate, which depressed manufacturing, and made it very hard to export anything apart from financial services. Migration overall is good for the economy, but huge inflows of new people have depressed wages, especially for workers with few skills.

True, we have not left yet, and it remains to be seen what happens once we are actually out, especially if we tumble out without a decent trade deal. But, so far, it seems that some of those trends are going into reverse. If it carries on, Brexit may well end up rebalancing the UK economy between its richer and poorer regions – something successive governments have tried to do for years without a great deal of success.

It turns out the Leave voters were perfectly smart to make the decision they did. Despite all the warnings from Project Fear, they could see clearly that they weren’t getting much from EU membership. And they are being proved right. As for the Remain areas, they are starting to fall behind – which may explain why many of them are still so moany.

http://www.telegraph.co.uk/business...e-right-decision-brexit-helping-rebalance-uk/

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Two Professors said:

As for the video,one man's opinion,with very little in-depth stuff as it says in the comments.Nothing about increase in life-span,better health care,or widows being burned to death!There have been empires ruling the Indian sub-continent for the last 1000 years or more,but you choose to castigate the one that did the most good-typical!Try looking up conditions under the Mughal Empire and how the natives were treated.

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JC Footy Genius said:

With Olympian disdain, hardcore Remainers have poured scorn on “the idiots” who voted to get out of the EU. They would get what they deserve. But here is an odd thing. Not only is the UK economy performing a lot better than expected. On top of that, the more strongly an area voted Leave the better it is doing. If you look at house prices, the numbers of jobs, or wage growth, it is already clear that the Leave areas are out-growing the rest of the country. Perhaps they weren’t so stupid after all?

Even the most diehard Remoaner must be feeling uneasy about their predictions of economic wipeout by now. Employment has just hit yet another record high. Exports are rising, wages are up, and the UK is still getting lots of inward investment. A recession may arrive, but there is not much sign of it.

Within those figures, however, an interesting trend has started to emerge about the Leave areas...

This week, the estate agency eMoov crunched the Land Registry figures to look at how prices were performing in different areas of the country, according to how they voted. What they found was surprising. While the UK has seen a 4.9pc rise in house prices since the referendum, despite the predictions of a collapse, a massive 159 Leave districts have seen prices rise by more than the national average, of which 30 have done twice as well as the country as a whole. By contrast, only 44 Remain areas have beaten the average...

That is just one example. But there is other evidence that points in the same direction. Take a look at jobs. The region with the fastest employment growth on the latest available data is the West Midlands, which added 96,000 jobs from March 2016 to March 2017. It returned the biggest Leave majority, with 59pc for out. The second highest rate of growth was in the South West, which also voted out. How about pay? The latest data show the West Midlands also has the fastest annual pay growth, at 3.3pc. The next highest was the North West, at 3pc, which also voted strongly to Leave. In London, where Remain won handsomely, wages have been growing by less than 2pc...

Actually, there should not be any great mystery about that. The truth is that for large parts of the country, the EU was not delivering any significant economic benefits. Huge flows of money into the City created an over-valued exchange rate, which depressed manufacturing, and made it very hard to export anything apart from financial services. Migration overall is good for the economy, but huge inflows of new people have depressed wages, especially for workers with few skills.

True, we have not left yet, and it remains to be seen what happens once we are actually out, especially if we tumble out without a decent trade deal. But, so far, it seems that some of those trends are going into reverse. If it carries on, Brexit may well end up rebalancing the UK economy between its richer and poorer regions – something successive governments have tried to do for years without a great deal of success.

It turns out the Leave voters were perfectly smart to make the decision they did. Despite all the warnings from Project Fear, they could see clearly that they weren’t getting much from EU membership. And they are being proved right. As for the Remain areas, they are starting to fall behind – which may explain why many of them are still so moany.

http://www.telegraph.co.uk/business...e-right-decision-brexit-helping-rebalance-uk/

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5ways said:

One of the point he mentions is the British provided few public goods, like hospitals or schools. Another point he makes is that advances in science and medicine would have occured anyway through trade.

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5ways said:

This is very short-termist. What about opportunity costs? How long will we remain in the customs union? Will we have a border with Ireland (the EU) or not? What will be the consequence of trying to strike multiple trade deals with the worlds biggest economies at the same time?

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Hamilton said:

Meanwhile, ONS data continues to show the gap between real wage earnings and actual earnings growing.

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Hamilton said:

It's in our interests to retain single market status for now, and guarantee the movement of EU nationals.

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Mental Lental said:

Reminds me of this article in this Clown Shoes Shit Rag that thought that a morning's worth of "rallying against the Euro" back when Article 50 was triggered justified the headline "Pound to euro exchange rate: Sterling climbs after Brexit is triggered ...".

http://www.express.co.uk/travel/articles/785191/pound-euro-exchange-rate

That turned out well didn't it? Oh and look! They're at it again.........

http://www.express.co.uk/finance/ci...e-sterling-forecast-economist-employment-news

Lol what sad twats, the pound "jumped" against the Euro three days ago, encouraging them to write an article forecasting a recovery "over the coming months" and now here we are 3 days later and it's tanked again.

Their knee jerk reaction to the slightest rise in the value of sterling would almost be funny if the situation wasn't so bollock-breakingly tragic.

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nicko31 said:

Word on the street is another load of supermarket price rises are just around the corner. Anyone enjoying the pain?

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BigGully said:

Oh here is our resident Moonie .........................

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beorhthelm said:

which is down to inflation higher then wage increases. and there's only been at most one year of Brexit related inflation, largely due to £ devaluation which will filter out in the coming 6 mth or so.

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beorhthelm said:

agree and that's apparently the offer the UK is making, is the EU listening though?

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nicko31 said:

Word on the street is another load of supermarket price rises are just around the corner. Anyone enjoying the pain?

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Hamilton said:

Your 6 month assumption is based upon what? The price increases will take longer than that to work their way through the system.



You'll need to remind Dr Liam Fox as he's hellbent on leaving straight away. I think he see's himself as some sort of Churchillian saviour who will march into Beijing, New Delhi, Washington, Tokyo, Ottawa etc and hand over the trade documents for immediate signing. He doesn't realise that'll take years.

Meanwhile, I turn to the back page of the Economist today to see that our economy is stronger than Italy and Greece and that's about it.

I think the EU is listening, it's just they are waiting. They are not the ones that really need to rush.

However, we're leaving, so we'd better wake up, smell the coffee and decide what sort of nation we want to be in the future and how we can fit in with everyone else, including the EU.

Thank God we have an ex-GP negotiating our trade deals with the rest of the world! (that's sarcasm by the way.) You really couldn't make it up.

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Hamilton said:

Meanwhile, I turn to the back page of the Economist today to see that our economy is stronger than Italy and Greece and that's about it.

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Two Professors said:

And how many people have been saved from cholera,smallpox,typhoid,polio etc.The British Empire wasn't the three horsemen of the Apocalypse.Plus the much maligned justice and other democratic institutions.

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