EU & Brexit Bunker

[Pblakeney]

I already did. It's important that EU institutions are held to account and not blindly trusted due to a belief the EU is always right.

Responses to this included unicorns, a regret that the UK can no longer influence EU decisions and some disingenuous arguing that I should have ignored.

They have elections in the EU, same as here, so they are held to account. People in this country just didn't pay much attention, or vote.
Whether that account (votes) is meaningful is another matter for discussion, and I mean both here and the EU. Looks at Westminster...

 

[BoldonLad]

I think the days of Britain building an empire have gone. I don't see the relevance of global significance, but then this discussion is like trying to make the pope question his faith.

To answer your question Hong Kong, Taiwain and Singapore all did economically better outside of their protectionist neighbours. I'd also assume that some countries did well when gaining independence from Britain.

But really, Brexit was never about economics. You just refuse to accept that.

100% to the bolded bit !

 

[briantrumpet]

A pity that Labour hasn't had the courage to influence that... given that it's only the Lib Dems (meekly) and Greens (slightly less meekly) have been saying anything much about it, for a heavily Brexit/Red Wall constituency, the grounds must be shifting by some other means, I guess.

 

[secretsqirrel]

The Independent today….

 

[Pblakeney]

“But we weren’t warned.”

 

[briantrumpet]

FB reminding me of the 10-year anniversary of a just-pre-Brexit-vote exchange with a financial expert friend - I'd just bought a chunk at 1.26€/£, having previously just missed the high of 1.44 and got a load at 1.42. I predicted a fall to 1.10 if we voted to leave.

 

[briantrumpet]

Maybe it's a coincidence that the week that this report comes out, Ed Davey is saying the the UK should rejoin the Single Market as well as the Customs Union.

https://www.cer.eu/insights/cost-br...ving-customs-union-and-single-market-uk-trade

A new CER modelling exercise shows that Brexit has substantially reduced the UK’s trade with the EU, both in goods and services. We find that a customs union with the EU would do little to recover those losses.

 

[Beebo]

Bank of England official figures show 6% reduction in the UK economy due to Brexit.

https://www.bbc.co.uk/news/articles/cvg75npqkq4o

 

[PurplePenguin]

Bank of England official figures show 6% reduction in the UK economy due to Brexit.

https://www.bbc.co.uk/news/articles/cvg75npqkq4o

This is the same as all the other studies which expected the UK to grow more in line with the US. The UK's growth is consistent with its EU peers.

 

[secretsqirrel]

But but the Express has conducted this poll you see……

 

[Ian H]

"Low-tax global powerhouse" = worker exploitation*, growing wealth inequality, the country run for the benefit of a few.

*even more so.

 

[Dorset Boy]

"Low-tax global powerhouse" = worker exploitation*, growing wealth inequality, the country run for the benefit of a few.

*even more so.

I have no idea, but did that happen when Ireland slashed its coroation tax rates to attract the likes of Dell?

 

[bobzmyunkle]

I have no idea

Disingenuous or just honesty?

 

[briantrumpet]

This is the same as all the other studies which expected the UK to grow more in line with the US. The UK's growth is consistent with its EU peers.

Why do you think (as you say) *all* the studies say this? Are they all wrong?

 

[Dorset Boy]

Disingenuous or just honesty?

Are you an expert on Ireland economic history? I'm certainly not.
However, their cutting of corporation tax rates attracted a number of large companies to place their European HQs there and was a major factor in the 'Celtic Tiger' at the time, which saw net immigration for the first time in hundreds of years, rather than emigration.
Clearly Ireland became a more attractive place to live and work.
They were then badly impacted by the 2008-09 financial crash.