Vox Populi Vox Dei
High Tory
Remained relevant? How? You do know Germany effectively runs the EU? France thinks they share power with the Germans but everyone knows that is a bit of a joke.
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The Brexit Thread
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Remained relevant? How? You do know Germany effectively runs the EU? France thinks they share power with the Germans but everyone knows that is a bit of a joke.
It's a small island without natural resources. Once the financial sector migrates it becomes a bit of a backwater.
scud
Expert Member
No control over immigration ? Lol
Vox Populi Vox Dei
High Tory
Didnt TMay announce huge sums of money for the NHS? Again though it was partially correct as I believe the sum mentioned was the money given to the EU before the rebate was applied.
Pitbull
Verboten
Call it what you like. The vote is in...
*shrug* not my island.
NarrowBandFtw
Honorary Master
It's a referendum, not a damn windows file explorer prompt upon deleting a file ...
It took 40 years to get that referendum, the next one can be in another 40 years to keep things nice and fair.
Like hell they are, the result was followed by more than 2 years of fear mongering, facts do not come into play at all. Granted a rerun may yield a different result because of the fear that was deliberately built up over that time, but that is a piss poor reason to have another referendum.
NarrowBandFtw
Honorary Master
Let's disregard natural gas and oil since Scotland will soon be part of the EU.
Let's factor in that China produced 3.55 billion tonnes of coal in 2018.
Let's reflect that Britain produced 13 million tonnes of coal in 2013.
Let's now understand that, in terms of natural resources, England, Wales and Northern Ireland have nothing to offer the world.
EDIT: by way of understanding, South Africa produces in excess of 255 million tonnes of coal per year.
Britain produces enough natural resources to power China for just one day a year.
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What are you on about? Economic growth and abundance of natural resource are negatively correlated.
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=279679
Abstract
This paper reviews the relationship between natural resources and economic growth, and stresses how natural capital tends to crowd out foreign capital, social capital, human capital, and physical capital, thereby impeding economic growth across countries and presumably also over time. Specifically, the paper presents empirical evidence that nations with abundant natural capital tend to have (a) less trade and foreign investment, (b) more corruption, (c) less education, and (d) less domestic investment than other nations that are less well endowed with, or less dependent on, natural resources. This matters for growth because empirical evidence also indicates that trade, honesty, education, and investment are all positively and significantly related to economic growth across countries.
... when you're part of a prosperous and vibrant economic community.
*mic drop*
Edit: your link just proved how patently stupid Brexit is
Edit #2: without the EU what does England have to offer the world?
Don't understand your 1st sentence.
I agree Brexit is monumentally stupid, just like your argument.
Britain's economy will be fine though, probably lose 2% of GDP which is stupid but not a disaster.
... until all the factories and financial institutions leave.
It's a death spiral, but good luck!
The Voice
Honorary Master
The UK has the fifth largest GDP in the world - its "natural resource" is Pound Sterling. And it has a LOT of it to spend.
And just because the UK won't be in the EU doesn't mean that the EU can afford to stop trading with it - it's one of its biggest clients. It already stands to lose the UK's sizeable membership contribution to the bloc - it can't afford to lose the money made from exporting to the isles, too.
Yes, Brexit will be bad for the UK, but don't be naive.
And the Pound Sterling is pegged on a plethora of financial headquarters.
If you don't belive that Switzerland is knocking on their doors then I'm not the only one who is naive.
Developed economies don't go into death spirals, they are amazingly adaptive because they are diversified in ways we can't quantify or understand. You are going out on a limb with your dire predictions.
So even if the worst (ridiculous) Brexit predictions come true, Britain will be able to arrest the decline by rejoining.
In this sense Brexit is like a call option - you pay a price and get a chance to earn a low probability but unlimited leveraged upside.
It's not a great investment strategy, you are likely to lose a bit each round. If you follow it long term the expected outcome is indeed dire. But at least after each try you get to reconsider if you want to take another plunge.
It is normal to make mistakes, but unwise to bet on a great economy like Britain’s to not learn from mistakes.
Vox Populi Vox Dei
High Tory
Wait, what? Some Conservative MPs don't know what a customs union is? 
I learnt what a customs union in my high-school economics class! Ok, so many MPs have probably never studied economics, but surely they could have some reading both before and after the referendum. Really it isn't a difficult concept.
I learnt what a customs union in my high-school economics class! Ok, so many MPs have probably never studied economics, but surely they could have some reading both before and after the referendum. Really it isn't a difficult concept.
Dave
Honorary Master
Wait, what? Some Conservative MPs don't know what a customs union is?
I learnt what a customs union in my high-school economics class! Ok, so many MPs have probably never studied economics, but surely they could have some reading both before and after the referendum. Really it isn't a difficult concept.
Chris, Dominic Raab didn’t even know how important the Calais-Dover route was to trade, and that was while he was Brexit Secretary...
ToxicBunny
Oi! Leave me out of this...
But Dominic was teh whoresome... and didn't cave to the deal according to the Aussie-Brit-Saffer
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