Comment on UK businesses still ‘reluctant to invest’ over Brexit and interest rates
jabjoe@feddit.uk 11 months agoBetter 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.
bernieecclestoned@sh.itjust.works 11 months ago
All these dismal economists are looking at brexit using boomernomics. Climate change demands a clean economy, disruption is necessary. Brexit affected carbon intensive agriculture the most. Being out of the CAP is the brexit benefit. Our entire existence is due to 6 inches of topsoil that has been destroyed by production subsidies.
And yes, Germany does very well by being in the EU, cheap currency and cheap labour for their manufacturing exports.
The UK, not so much, the single market for services is very weak in comparison to goods. And as the stats show, productivity has not been improved by being in the EU.
jabjoe@feddit.uk 11 months ago
Yer deregulating fertilisers, pesticides and herbicides is going to be really positive for the top soil. inews.co.uk/…/britain-brexit-freedoms-bee-killing…
Being in EU was better for our services, especially our massive financial services. Losing passporting alone was bad.