View Single Post
  #11301  
Old 08.02.2018, 22:11
Jim2007's Avatar
Jim2007 Jim2007 is offline
Forum Legend
 
Join Date: Jun 2006
Location: Kt. Bern
Posts: 4,365
Groaned at 118 Times in 101 Posts
Thanked 5,178 Times in 2,448 Posts
Jim2007 has a reputation beyond reputeJim2007 has a reputation beyond reputeJim2007 has a reputation beyond reputeJim2007 has a reputation beyond reputeJim2007 has a reputation beyond reputeJim2007 has a reputation beyond repute
Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

Quote:
View Post
No they weren't. They were based simply on the result of the vote. Besides, Article 50 has been invoked for a year now and there's been minimal effect. has recovered to highest levels since the vote. Employment is at record highs. GDP growth has had to be revised up.

With so many variables it is impossible to make forecasts as to what the outcome of Brexit will be and these reports need to be taken with a pinch of salt.
Actually long term economic forecasts tend to be more accurate than short term. And for the past several months the UK has been in a position similar to Germany and Ireland - full access to the single market and related trade deals while trading in what to them is an under valued currency at little cost to the exchequer. Come March 2019 that will no longer be the case and we will have to see how that plays out.
Reply With Quote