How do we resolve the Brexit mess?

gordondaviesmoustache said:
We’ll re-enter in about a decade. Much reduced, much maligned; contrite. And we’ll have to give up the pound.

We had it so good. Not saying there weren’t big downsides for lots of people. That’s just the way it is. There will be winners and losers out of any political system. But overall, it made the lives of the vast majority of people in this country discernibly better than it otherwise would have been.

We have completely fucking blown it.
Click to expand...
Many of the down sides felt by the UK were very much of the UKs making. There needs to be change within the UK before they can even think about re-entering otherwise it will just cause the same problems again.

Even if there was the political appetite to push those changes through, I am not sure a Government willing to make them would be able to hold power for long enough to implement them properly and then complete a re-entry into the EU.
 
bluethrunthru said:
Brexit is all part and parcel of the decimation of our economy - on every matrix in comparison with equivalent economies including all those in the G7 and the EU we are more badly affected - but hey you convince yourselves that world markets are not factoring the negative effects of Brexit - what? £100mbn from what I read-- are in fact zero.
Click to expand...

The impacts on our economy aren’t zero, predicting the value is impossible to do until we see the true direction of travel for the UK economy in the coming years - one swallow a summer doth not make. What we do know is right now is the cost to our economy of Brexit are dwarfed by covid and energy interventions. Strip both of those out of the equation get rid of inflation (or raise interest rates to near double digits) and the GBP would be much much stronger - and yes, less strong than of Brexit had never happened. The energy bailout is the straw that has broken the camels back for sterling. It is a unknown total cost and other countries will probably react in similar fashion making the whole exercise mute creating more unknowns in the supply/demand equilibrium - markets hate unknowns, tend to price worst case and then some - they flap worse than in a match day thread. The world uses 5 times the energy of our parents, in an ideal scenario huge cost rises should have had us massively limiting the use of all our gadgets - that is the best way to get prices down - but no, far better we crack on as always and get the government to fix it. So we don’t reduce our consumption and you know the only people who now truly suffer? Those who live in a land where their government can’t afford to pay their leccy bills. It actually staggers me anyone on the left support this “I’m alright Jack” attitude.

But hey you convince yourself the current strength of the GBP is solely down to Brexit despite all the evidence to the contrary.
 
I
metalblue said:
The impacts on our economy aren’t zero, predicting the value is impossible to do until we see the true direction of travel for the UK economy in the coming years - one swallow a summer doth not make. What we do know is right now is the cost to our economy of Brexit are dwarfed by covid and energy interventions. Strip both of those out of the equation get rid of inflation (or raise interest rates to near double digits) and the GBP would be much much stronger - and yes, less strong than of Brexit had never happened. The energy bailout is the straw that has broken the camels back for sterling. It is a unknown total cost and other countries will probably react in similar fashion making the whole exercise mute creating more unknowns in the supply/demand equilibrium - markets hate unknowns, tend to price worst case and then some - they flap worse than in a match day thread. The world uses 5 times the energy of our parents, in an ideal scenario huge cost rises should have had us massively limiting the use of all our gadgets - that is the best way to get prices down - but no, far better we crack on as always and get the government to fix it. So we don’t reduce our consumption and you know the only people who now truly suffer? Those who live in a land where their government can’t afford to pay their leccy bills. It actually staggers me anyone on the left support this “I’m alright Jack” attitude.

But hey you convince yourself the current strength of the GBP is solely down to Brexit despite all the evidence to the contrary.
Click to expand...
I don’t think anyone is suggesting that covid and the energy crisis aren’t having an impact on the economy, but if you think that brexit isn’t also having a detrimental effect, you’re delusional.
 
Apologies if I've taken the first sentence here out of context...

metalblue said:
Nothing to do with Brexit otherwise the euro wouldn’t be on its 20 year arse v dollar either. Our economy is pretty fragile right now and we’ve just committed to £150bn more of borrowing to pay everyone’s leccy bill which everyone was demanding and the pound getting slammed is a consequence of that decision.
Click to expand...
 
You must log in or register to reply here.
Unread Posts

Don't have an account? Register now and see fewer ads!

SIGN UP
Back
Top
✖
  AdBlock Detected
Bluemoon relies on advertising to pay our hosting fees. Please support the site by disabling your ad blocking software to help keep the forum sustainable. Thanks.