

I’d prefer a functioning economy but what do I (and every economist in the world not on farage’s silver) know eh?


I’d prefer a functioning economy but what do I (and every economist in the world not on farage’s silver) know eh?


Since the above comment was deleted, here’s what I was replying to for anyone wondering:
That all sure sounds awfully successful and self-sufficient and “we’re a strong independent nation, we don’t need no big dumb international union”, golly. And yet, here we are talking about the UK asking very nicely for things they had before and rejected.
No, it says that the success/failure of the UK financial services sector is irrelevant to any discussion about the EU and the pros/cons of membership for the UK.
If you look at the wider economic cost/benefit analysis it’s clear as day as to the advantages we had of remaining part of the EU and that could be somewhat clawed back by rejoining the customs union.
For example:
https://obr.uk/forecasts-in-depth/the-economy-forecast/brexit-analysis/#assumptions
The post-Brexit trading relationship between the UK and EU […] will reduce long-run productivity by 4 per cent relative to remaining in the EU.
Both exports and imports will be around 15 per cent lower in the long run than if the UK had remained in the EU.
New trade deals with non-EU countries will not have a material impact, and any effect will be gradual
Or:
https://www.nber.org/papers/w34459
estimates suggest that by 2025, Brexit had reduced UK GDP by 6% to 8%
We estimate that investment was reduced by between 12% and 18%, employment by 3% to 4% and productivity by 3% to 4%
these forecasts were accurate over a 5-year horizon, but they underestimated the impact over a decade


London clears 900 trillion euro a year in derivatives alone
And? It made a similar amount when we were still part of the UK so clearly membership of the EU is broadly irrelevant when it come to financial markets so the point is moot.


When I was growing up in the 80s they said global warning would affect our children’s children so we should start doing something about it.
Guess what, it’s happening to us, already. Why would I bring more people into it. At least I’ll be dead before it gets really really bad but statistically I’ll see things like the last Coral reefs dying and the amazon rain forest disappearing.


Sensory testing with consumers shows the new coatings deliver the same great taste as the originals," the spokesperson added.
I call BS because if you could get the same flavour as before with cheaper “chocolate flavour”, they would have been doing it for decades.
Ooh line go up! Big woop!
That tells you exactly nothing about what difference you would have got had we not left the union. The articles I linked above go into great detail about it, but I assume yo haven’t read them.