Brexit: why economists think UK will Brexit: Inside a Disunited Kingdom 2 days ago   03:33

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FT economics editor Chris Giles explains the assumptions behind post-Brexit scenarios from the UK government and Bank of England suggesting citizens will be thousands of pounds worse off than if the UK had stayed in the EU.

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Comments 1066 Comments

orbitaldildo
The UK is a lost cause soon to be a third world country run by snake oil salesmen.
cryohellinc
"EU immigrants and young and they work"
Well said indeed. This is the truth.
Luxx
Wonder how the french economy is doing.


oh wait...
Phantomneko Cameron
You know I think the government are stalling as the more they look into it the more they realise it’s a bad idea
Kyn Chan
The economists did not explain how being in the EU contributed to the vast decline of manufacturing in the UK and its transference to Europe and other parts of the world. Once those industries are lost it is much harder to get them back. It is why the North is generally so poor and the none manufacturing South is richer. But a country that shuns its manufacturing and skilled trades undermines itself.
Captain Flint
You would probably make more money selling drugs than finishing Uni and going into graduate scheme.
dapper patto
germany the economic powerhouse...it`s 14th place out of 44 states...it has a shortage of skilled labour and yet the just imported 8 million kebab makers ....hahahahahahahahahaha
Slartibartfast
Economists are oxymorons.
If you could predict the economy you would be a millionaire, which is why economists are so rich...
Robert David Vaughan
Seems to me the UK should join some sort of European union
Mark Horton
Economists were claiming , the UK economy would crash if we didnt join the Euro, back in the days of John Major, and that we should joining the ERM. which cost many billions in return for....nothing. Then 2000-> they were claiming an end to major recession in 2006. Then claiming 280,000 jobs lost with two years of a leave, vote with worse with brexit. (they nearly got that number right, just the wrong direction.
And finally the IMF predicted an ecomonic crash, a deep recession, about as bad as WWI, if we left.There could be no greater recommendation that we leave.
Next Cryptic
40% of uk trade happen between nations in the uk, so we will still keep our second largest market, we will then have a deal with America within a year as long as we try to keep the Irish border open if the Eu close it the USA will punish the EU, a deal with the us will easily make up 30% of the EU’s market because it’s medication industry, military and meat , although people say they use chlorine there is very little proof for this and i am sure even if they aren’t we can work something out with them because “our special relationship”. Furthermore we have the commonwealth which had grown at a rate of 5% over the last 20 years unlike the EU’s 0.5% which is terrible, a deal with Canada, Australia, New Zealand or canzak would be worth anywhere from 50-100 billion because the unique markets they offer this will give us the other 30% of market we lost and we will be in the same financial situation had we of stayed in the Eu, this isn’t without discussing a future deal with the Eu which is very likely, we would also keep our waters for our safe which can make us billions, however because Dutch fishermen beucase there electric style fishing they are destroying the unique eco-system. We leave we have our oceans for ourselves, immigration which will mean no immigrants can come unless they work like they do in Australia which is a very good idea, we can also decide how we trade, reform our politics and discuss other political matters if we leave with no deal which won’t be nearly as bad as they say, which even the governments eccomist say’d because all these predictions are overly pessimistic,
Alastair Grant
Economic "experts" thought the Icelandic banks were amazin, they are drooling retards.
Repulse theMonkey
I am reminded of a British demolition expert who once define ‘expert’ as: Ex - Something that has been, and Spurt - A drip under pressure. The FT are just peddling the same claptrap Project Fear did before the Brexit vote. None of it proved accurate.
BigWilki123321
The majority of the British population don't have much to lose from Britain's departure from the EU, but a select and wealthy minority (shareholders) do and they are the ones attempting to hold onto Britain's membership of the EU for dear life while attempting to appear democratic. Since 2016 the number of job vacancies in the UK has increased substantially and the number of British voters being offered employment has increased substantially, how coincidental that this is happening after the EU referendum vote and not before, almost as if business interests are attempting offer British voters more economic opportunity so they can say "Hey look, being in the EU is not so bad".

In practice the UK is a Plutocracy, not a Democracy, which is great if you're a part of the chosen minority, not so great if you're part of the majority who are have been thrown economic breadcrumbs since 2008 and expected to be overjoyed with them.

Always remember, a 10% loss on £500,000 (£50,000) is a hell of a lot more than a 10% loss on £15,000 (£1,500) and there is no "we" in the United Kingdom, there never has been.
merseybeat1963
In 1775-76 It was sure looking like a very terrible idea to Impoverish ourselves(America) and direct the wrath of the worlds greatest Empire at us..but..but but,, at the time British Rule was becoming too unjust to bear..and you know it did not work out quite like they analyzed right ? When the British took on Germany in WWII it was sure looking a pretty bloody bad idea.If they just let Germany expand over Europe it would have been a LOT easier on your country..instead they said Unbearable..and they did it knowing within a few months bombs would be falling directly on they're houses !!
What is the big worry now..we will be poorer..how p a t h e t i c. While in the EU your manufacturing industries were decimated..the cradle of the Industrial Revolution. You will be poorer in the EU..the Citizens of Germany are getting poorer even though the country has been booming..how promising is that. You get full independence with no bloodshed..how easy does it need to be.The EU is going to a centralized Superstate with no Sovereignty of individual countries...THAT is why people voted out..THAT is the unbearable detail for the real British.
Staying OUT of the Euro has been a God Send for your country..the analysis was again doom if you did not join.In the world is a lot of people who think highly of British traditions and culture..since UK became part of the EU exporting your goods/culture has become UNAFFORDABLE..Lower Tariffs and the exchange rate and the UK will be FLOODED with tourists and sales of traditional British Goods.
BrexitNow
But....the thing is....THERE IS PEOPLE SMUGGLING ACROSS THE CHANNEL....THERE ARE ILLEGAL MIGRANTS HERE....THIS VIDEO IS REMAIN PROPAGANDA BY GLOBALISTS....YOU WANT GLOBALISM?....GOOD LUCK TO YOU....YOUR KIDS WON'T GET JOBS BECAUSE OF THE INFLUX OF CHEAP LABOUR....NOT THAT THEY WILL GET A GOOD SCHOOLING EITHER AS THE SCHOOLS ARE CHOKED WITH PEOPLE WHO CANNOT SPEAK ENGLISH AND TEACHERS ARE STRUGGLING TO COPE....TRY GETTING A DOCTORS APPOINTMENT LET ALONE HOSPITAL TREATMENT - YOU WON'T....IT WILL GET WORSE IF WE STAY IN THE EU....THAT WON'T BE STATUS QUO IT WILL BE OPEN DOORS TO THE WORLD FOR OUR BENEFIT SYSTEM...THEY'LL BE HIGH DENSITY BUILDING EVERYWHERE....MOST PEOPLE WILL LIVE IN FLATS....MAKING A DECENT LIVING WILL BECOME IMPOSSIBLE FOR YOUR KIDS....THAT'S THE REMAIN FUTURE THEY SAY THEY WANT FOR THEIR KIDS....THEY ARE A BUNCH OF CRAZIES!!!!
William Riley
17.4 million people voted leave. Now betrayed
CelticOracle ETSY
What is important is the poorer will get richer and the richer will get poorer. We are the biggest importer from the EU but we might decide that now we can do our own free trade deals with other countries, we can buy better and cheaper elsewhere, which we will. We will also be able to export more abroad because we can get rid of the insidious VAT imposed by Brussels at the rate of 12pct in everything over and over again. This is the biggest earner for the EU, the VAT on everything even the air...so the poorer will get richer and the richer will get poorer because they will lose control of the oligopoly we are in. It is a Win/Win for us and a lose/lose for the EU if they are not nice. FREEDOM on the other hand of the minutia regulations and the surveillance will be great, we will also be able to choose to buy from countries that do not use glysophate, thus reducing the NHS bills for mucous membranes diseases like IBS or non allergies/allergies caused by the irritation of glysophate spread with pollen. Win/Win for us at all levels. We have the Commonwealth and also the USA who are willing to engage in FTA, and also China. The EU is the wrong model for the 21st century.
Ideologically Controversial
Experts in the medieval times: The sun goes around the Earth. Obey GOD.


Experts in the 1920s: the boom will go on forever or at least for the foreseeable future!


Experts in 1938: No 2nd Great War! Europe is saved from another war!


Experts in 1950s: Fidel Castro is not a communist but a nationalist.


Experts in 1970s: Global Cooling is happening!

Experts in 1980s: Japan will exceed the US economy!


Experts in 1990s: If Britain doesn't join the Euro, it is bad for the UK.


Experts in 2003: Iraq has WMD!


Experts today: Brexit is bad for the economy!
Forza223 Bowe
They said the same thing about not joining the Euro, that we would be poorer an irrelevant.
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Brexit: Inside a Disunited Kingdom Brexit: why economists think UK will 2 days ago   06:03

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Two and a half years after Britain’s referendum on whether to leave the European Union, the country remains divided. We met with voters on both sides of the debate — those who voted to leave and now feel betrayed, and those campaigning for a second referendum.

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