View Single Post
  #6145  
Old 28.10.2016, 00:21
Urs Max Urs Max is offline
Forum Legend
 
Join Date: Oct 2014
Location: Ostschweiz
Posts: 7,198
Groaned at 265 Times in 227 Posts
Thanked 9,314 Times in 4,908 Posts
Urs Max has a reputation beyond reputeUrs Max has a reputation beyond reputeUrs Max has a reputation beyond reputeUrs Max has a reputation beyond reputeUrs Max has a reputation beyond reputeUrs Max has a reputation beyond repute
Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

Quote:
View Post
So seems the UK economy performs just fine as a full part of the EU. Although I see the uncertainty over Brexit dropped the growth from 0.7% in the previous quarter.

Now once the UK actually leaves the EU lets see what happens.

Edit...quickly scanning the detail it all looks rather less rosy. Music, film and TV make up most of the increase while:

"Manufacturing dropped by 1% in the third quarter, while production fell 0.4% and agriculture slipped by 0.7%"
Indeed, service was the only growing sector. However, since Brexit has been postponed we may have to wait until next year to actually see its effect.

The main issue I see is:
UK government appears to have commited itself to reimburse any negative effects to one big international company. That clearly means every(!) international company will demand the same, and Mrs May will oblige. No exceptions, they'll all deposit their demands immediately.

The direct conclusion is that Internationals won't stay unless guaranteed to be reimbursed for any adverse impacts. This is a direct and completely obvious contradition to the notion that Brexit is a good thing for the economy, at least on the short to intermediate term. And somebody other than the multi-nationals will have to pay - yes that's you John Silver and Jane Smith, the people most likely to have voted for Brexit.
Reply With Quote