Enthusiast
Member
- Joined
- 18 Mar 2019
- Messages
- 1,166
So basically:1. While it's true that the rot didn't happen right away, it's instructive that the UK had the biggest contraction during Covid lockdowns and is the slowest growing of the world's major economies.
2. Unfortunately, that one didn't come to pass. UK house prices are way too high and we pay the highest percentage of wages on housing in Western Europe.
3. History is not finished.
4. There hasn't been a hardening of the border (yet) because NI has remained in the Customs Union. Perhaps someone could explain to me how they can leave the CU and not have a border between NI and ROI or a border between GB and NI?
5. As I noted above, that is a condition of the Withdrawal Agreement. Had that provision not been agreed then the situation could be quite different.
6. It's always a good idea to compare the performance of markets across countries. Since July 2016:
Index FTSE 100 FTSE 250 S&P 500 DJIA DAX CAC40 Start (July 2016) 6590 16088 2129 18146 9776 4190 End (July 2022) 7358 19720 3920 31759 13096 6211 Percentage Change +11.6% +22.6% +84% +75% +33% +48%
Which does indicate that our market has seriously underperformed. (As an aside, I'm not sure where your figure of 23,481 came from - it's not been above 23,000 since January)
1. (Job Losses) It didn't happen - but if and when it does, Brexit will be the cause. The warning was not about the recovery after Covid (which wasn't even heard of). It was about the immediate effects of leaving.
2. (House price collapse) It didn't happen - but if and when it does, Brexit will be the cause. House prices were equally way too high when the warning was given.
3. (World War 3) It didn't happen - but if and when it does, Brexit will be the cause.
4. (Hard border in Ireland) It didn't happen because arrangements - as unsatisfactory as they are - were always going to be made to ensure it didn't. There are plenty of ways a hard border can be avoided without a customs border in the Irish sea. But it needs goodwill on both sides.
5. (EU nationals to be sent home) It didn't happen. With or without a withdrawal agreement it was blindingly obvious that no EU citizens would be "sent home." This country cannot even routinely repatriate those guilty of serious crimes. There was no was no way that people who had legally settled here and behaved themselves would be repatriated.
6. (Stock Market Crash) It happened and quickly recovered. The warning was nothing to do with comparative subsequent growth. It forecast an immediate and permanent devaluation. I hadn't checked the veracity of the figures but simply quoted the report I provided a link to.
I should emphasise that both sides were equally guilty of this deceit. The leave campaign made similarly ludicrous claims (e.g. the £350m on the side of the infamous bus; the "Oven ready" deal which was still in the freezer). That is why voters should take no notice of the drivel politicians spew forth on them (perfectly demonstrated by the "pledges" currently being bandied about by the two Tory Leadership candidates). But the prize for the most ludicrous claim of all - from both sides - goes to Donald Tusk.
I decided in 1992 that if ever given the opportunity to vote on the matter, I would vote to leave the EU. I believe it is a protectionist organisation which stifles trade beyond the bloc and which has overtly Federalist ambitions. I believed it was not in the UK's best interests to be a member, under any circumstances, whatever the advantages. under any circumstances. Nothing politicians said since then caused me to change my mind and I was not swayed by either side (which is just as well, considering the lies that were told).