Comment on UK businesses still ‘reluctant to invest’ over Brexit and interest rates
jabjoe@feddit.uk 11 months agoYer, that “Lexit” (acturally Tory Brexit) has increased our product costs because some parts are from Germany without an equivalent. Trade barrier wasn’t the Brexit sold to many, though, yes was sold to others. All things to all people.
The links was 2022, and yes, things have been revised since then to be less bad. Still not good.
The reason I said to share links was exactly this. You didn’t share the “GDP growth in recent years” graph. Only the ones of the last few quarters. Really we’d want graphs from 2016 pre-result to current day. But a lazy search didn’t find one. Sure I’ve seen one, but can’t find it, so may as well not exist. Point is it accumulates, so the longer you look, the better picture you get.
It’s not just me and us Remoaners saying Brexit is bad. en.m.wikipedia.org/…/Economic_effects_of_Brexit
We’re a laughing stock, only it’s not fun when you live here.
bernieecclestoned@sh.itjust.works 11 months ago
Sigh
2nd in 2016, 2nd in 2022.
No change, no effect.
You don’t accept facts.
data.worldbank.org/indicator/NY.GDP.MKTP.CD?locat…
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jabjoe@feddit.uk 11 months ago
Better look from 2000, so you can see 2008, which is why Brexit and Trump happened. Economic chaos causes political chaos.
data.worldbank.org/indicator/NY.GDP.MKTP.CD?amp%3…
You can see it hit the UK worse in 2008. Question is, would the UK have normalized to where it was relative to others if 2016 hadn’t gone as it did.
People have looked at exactly that. newstatesman.com/…/john-springford-britain-remain…
I’ve never voted for a Conservative. Remain was not Conservative. It was a stupid gamble by Cameron to keep his party together. Instead it broke the country and the party, which is now full of crazies. On the morning of the result, my kids were watching Zootopia, about diversity and inclusion, and it was a gut punch the racist had won. I never thought the country would do this to itself. Since then Conservatives are literary calling themselves NatCs and endless upping the anti immigration popularist nonsense.
bernieecclestoned@sh.itjust.works 11 months ago
Stop quoting Springford, he’s a fantasist. No one can predict shit.
Austerity did lead to it. As did the neoliberalisation and delusions of ever more political union would somehow fix it.
jabjoe@feddit.uk 11 months ago
Dude is an economist. It’s not a hard science because ultimately, it’s all down to how people react. Looking at what the UK would be like without Brexit is of course fantasy, but you can do best guest based on economic theory. There are very few economist who think Brexit was a good idea.
Austerity was the response to 2008. It was the wrong response and not what our most famous economist, Maynard Keynes, would have recommended. Austerity made 2008 direct effects, worse, but it’s all still 2008.
The gap between Germany and UK went wrong for the UK in 2015. Germany clearly was less messed up by 2008, but the something else went wrong… In 2015, UK $2.93B, Germany $3.36B. Now it’s UK $3.07B and Germany $4.07B.