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Economic case against Brexit has now totally collapsed.


L.A.T.1961

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British economy actually overtook its pre-pandemic level two years ago

Updated figures suggest that the UK economy is as much as two per cent larger than previously believed. This means that the UK can no longer be considered the worst-performing economy in the G7. In fact, post-Brexit, the UK recovered from the pandemic at a similar rate to France and at a faster pace than Germany, Europe’s largest economy.

The ONS’s revision is extraordinary. As one leading economist put it: ‘The entire UK economic narrative – post-pandemic – has just been revised away.’ The very basis for the Remainer elites’ narrative of doom has now been shattered before our eyes. ;)

https://www.spiked-online.com/2023/09/04/the-economic-case-against-brexit-has-now-totally-collapsed/

 

The new numbers are also likely to mean that forecasts of growth will be revised upwards, meaning that Hunt may have more scope to do that old trick of cutting taxes and raising spending just before an election.

https://www.independent.co.uk/voices/uk-g7-economy-growth-rishi-sunak-b2403775.html

 

UK economy posts surprise second-quarter growth as households kept spending

LONDON — The U.K. economy beat expectations with 0.2% growth in the second quarter, boosted by household consumption and manufacturing output, the Office for National Statistics said Friday.

Economists polled by Reuters had expected U.K. GDP to flatline in the second quarter, after eking out surprise growth of 0.1% in the first quarter, as the Bank of England’s tightening of monetary policy and persistent inflation began to constrain demand.

The economy expanded by 0.5% in June, beating a forecast of 0.2% growth.

https://www.cnbc.com/2023/08/11/uk-economy-posts-surprise-second-quarter-growth-as-households-kept-spending.html

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Well now, let no one say that money spent on dead Russians wasn't worth the dead Ukrainians...

~

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19 minutes ago, SHaYap said:

Well now, let no one say that money spent on dead Russians wasn't worth the dead Ukrainians...

~

I will have to get back to you on that one. :blink:

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29 minutes ago, SHaYap said:

Well now, let no one say that money spent on dead Russians wasn't worth the dead Ukrainians...

~

Think you must have meant to put that in the 'Biden - Worst president ever' thread.

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2 hours ago, L.A.T.1961 said:

This means that the UK can no longer be considered the worst-performing economy in the G7.

Not exactly a shining endorsement of the benefits of Brexit.

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1 hour ago, itsnotoutthere said:

Think you must have meant to put that in the 'Biden - Worst president ever' thread.

BoJo invites you to his annual private circle of year end royale ball ...

~

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4 hours ago, L.A.T.1961 said:

British economy actually overtook its pre-pandemic level two years ago

Updated figures suggest that the UK economy is as much as two per cent larger than previously believed. This means that the UK can no longer be considered the worst-performing economy in the G7. In fact, post-Brexit, the UK recovered from the pandemic at a similar rate to France and at a faster pace than Germany, Europe’s largest economy.

The ONS’s revision is extraordinary. As one leading economist put it: ‘The entire UK economic narrative – post-pandemic – has just been revised away.’ The very basis for the Remainer elites’ narrative of doom has now been shattered before our eyes. ;)

https://www.spiked-online.com/2023/09/04/the-economic-case-against-brexit-has-now-totally-collapsed/

The new numbers are also likely to mean that forecasts of growth will be revised upwards, meaning that Hunt may have more scope to do that old trick of cutting taxes and raising spending just before an election.

https://www.independent.co.uk/voices/uk-g7-economy-growth-rishi-sunak-b2403775.html

UK economy posts surprise second-quarter growth as households kept spending

LONDON — The U.K. economy beat expectations with 0.2% growth in the second quarter, boosted by household consumption and manufacturing output, the Office for National Statistics said Friday.

Economists polled by Reuters had expected U.K. GDP to flatline in the second quarter, after eking out surprise growth of 0.1% in the first quarter, as the Bank of England’s tightening of monetary policy and persistent inflation began to constrain demand.

The economy expanded by 0.5% in June, beating a forecast of 0.2% growth.

https://www.cnbc.com/2023/08/11/uk-economy-posts-surprise-second-quarter-growth-as-households-kept-spending.html

This is a familiar story from the ONS, it keeps happening.

Dont tell @pellinore lol.

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This is very sad thread- now, the only benefit of Brexit is apparently not complete economic destruction. The idea of anything positive has long gone- now we just hope things are not as bad as was predicted.The overall impact of Brexit is as predicted- about 4% reduction in growth (about 2x the effect of Covid, about £100 billion per year) and it is responsible for about 6% of food inflation. And it isn't done yet- we have once again delayed checks on imports ( not only legal obligation but necessary to stop smuggling rotten food stuffs and contraband into the UK). The is no way anyone could claim imposing trade barriers has been beneficial economically. It would be mad to do so.

Anyway, I thought the point about Brexit, apart from unleashing us from red tape (how's that going?) was so we could Take Back Control of our Borders and limit immigration. How's that going? 

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Things are so much better since Brexit. Now the NHS can be funded properly and waiting lists have vanished. Consultants, nurses, and junior doctors can be paid pre-austerity wages. Schools won't collapse, hospitals have a much better foundations, trade is back to pre Brexit levels, HS2 can be completed as originally laid out. Immigrants will be processed swiftly, and illegal immigration will end, border queues will vanish, everyone will be able to find affordable housing, and government can chip in with subsidies for the poor to pay rent. Farmers and fishermen will become wealthy as they are freed of EU red tape. Small businesses can now trade all over the world. The US trade deal means we can all share their prosperity, while they take over our bills for healthcare and social care.

The Europeans recognise our superiority, and allow us to work, travel and live wherever we want in Europe.

Taxes can be lowered for all, now we are free to abolish VAT. It’s a new golden age that just started.

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25 minutes ago, itsnotoutthere said:

F5VXKcpXEAEPV4g.jpeg.ac8a8aae982ec62cc502faa20784fb11.jpeg

One of the greatest days in modern British history.

Despite the leadership wanting to stay in the EU the population said bye bye.

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46 minutes ago, Electric Scooter said:

One of the greatest days in modern British history.

Despite the leadership wanting to stay in the EU the population said bye bye.

Yep, and shows exactly who really really wanted to say in, and really really explains why we are where we are now.

Edited by itsnotoutthere
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15 hours ago, pellinore said:

Things are so much better since Brexit. Now the NHS can be funded properly and waiting lists have vanished. Consultants, nurses, and junior doctors can be paid pre-austerity wages. Schools won't collapse, hospitals have a much better foundations, trade is back to pre Brexit levels, HS2 can be completed as originally laid out. Immigrants will be processed swiftly, and illegal immigration will end, border queues will vanish, everyone will be able to find affordable housing, and government can chip in with subsidies for the poor to pay rent. Farmers and fishermen will become wealthy as they are freed of EU red tape. Small businesses can now trade all over the world. The US trade deal means we can all share their prosperity, while they take over our bills for healthcare and social care.

The Europeans recognise our superiority, and allow us to work, travel and live wherever we want in Europe.

Taxes can be lowered for all, now we are free to abolish VAT. It’s a new golden age that just started.

"Germany’s economy hasn’t looked this weak since the start of the pandemic"

https://edition.cnn.com/2023/08/23/economy/germany-economy-recession-pmi/index.html

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2 hours ago, itsnotoutthere said:

Yep, and shows exactly who really really wanted to say in, and really really explains why we are where we are now.

p.s. Because the people that wanted to remain are still in charge.

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On 9/5/2023 at 4:54 PM, Saru said:

Not exactly a shining endorsement of the benefits of Brexit.

Why so ? 

The G7 is the group of 7 biggest economies on the planet.

The UK is number 3/4 after gdp revisions, only US, Canada and Japan have done better in the developed world. 

Given our population compared to others that seems rather good. 

Edited by L.A.T.1961
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On another brexit topic at the time of the referendum it was claimed vote leave was inventing stories when it claimed Turkey would be allowed into the block with its population able to move freely around the EU. 

Here is a typical news item pouring cold water on the idea.  

Did the unfounded claim that Turkey was about to join the EU swing the Brexit referendum?

"Even in 2016 – before Turkey’s latest turn towards authoritarianism – the chances of the country joining the EU before 2030 were remote. Yet this did not prevent Vote Leave from claiming during the UK’s EU referendum campaign that Turkey was poised to join."

https://blogs.lse.ac.uk/politicsandpolicy/unfounded-claim-turkey-swing-brexit-referendum/

And today -

EU covertly opening door to Turkey in shock move amid EU enlargement plan

"In July, the EU agreed to re-engage with Turkey to progress its membership of the bloc" President Charles Michel proposed a 2030 target for the EU for candidate countries in southern-eastern Europe. 

https://centraleuropeantimes.com/2023/09/eu-leaders-clash-over-plans-to-enlarge-by-2030/

Not only that but

"Turkey is understood to want a "new generation” customs plan, that would apply to services, agriculture and energy."

"Lawmakers in the bloc also recently floated a draft plan to tweak the Lisbon treaty and centralise power in the EU."

"The 116-page document included a plan to expand Brussels' control over EU countries, proving many of the UK's Brexit voting community right."

 

The EU only know one way to do things and that's systematically encroach on domestic democracy.

Forgot a link-  https://www.gbnews.com/politics/eu-membership-turkey-erdogan

 

 

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1 hour ago, L.A.T.1961 said:

Why so ? 

"The UK is not the worst performing country in the G7 despite voting for Brexit" is not an argument in favor of Brexit.

Unless you can explain how Brexit is solely responsible for this news ?

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15 minutes ago, Saru said:

"The UK is not the worst performing country in the G7 despite voting for Brexit" is not an argument in favor of Brexit.

Unless you can explain how Brexit is solely responsible for this news ?

By the same logic I suppose that remainers use every single negative news story to blame Brexit. 

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Just now, itsnotoutthere said:

By the same logic I suppose, that every negative news story is blamed on Brexit. 

That wouldn't be comparable logic and neither I, nor anyone else in this thread, made any such claim.

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Just now, Saru said:

That wouldn't be comparable logic and neither I, nor anyone else in this thread, made any such claim.

Oh come on... we all know his name. :whistle:

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2 hours ago, Saru said:

"The UK is not the worst performing country in the G7 despite voting for Brexit" is not an argument in favor of Brexit.

Unless you can explain how Brexit is solely responsible for this news ?

Exactly! The fact the economy is performing better than first thought is not a Brexit Benefit, it is just good news. A Brexit Benefit is something which we could not have achieved had we remained in the EU. There has been nothing so far. @L.A.T.1961 @itsnotoutthere @Electric ScooterTake 3 mins to have a look at Stuart Rose conversing with Nick Ferrari (neither could be considered remotely Lefty)https://youtu.be/TbaFBNmcu9g?si=ibvN9Tqt8daozI5r

 

 

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1 hour ago, pellinore said:

Exactly! The fact the economy is performing better than first thought is not a Brexit Benefit, it is just good news. A Brexit Benefit is something which we could not have achieved had we remained in the EU. There has been nothing so far. @L.A.T.1961 @itsnotoutthere @Electric ScooterTake 3 mins to have a look at Stuart Rose conversing with Nick Ferrari (neither could be considered remotely Lefty)https://youtu.be/TbaFBNmcu9g?si=ibvN9Tqt8daozI5r

 

 

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On 9/5/2023 at 11:54 AM, Saru said:

Not exactly a shining endorsement of the benefits of Brexit.

Better position to be in than Germany, struggling with lingering aftereffects of Merkelization's heavy dependence on Russian energy resources.

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10 hours ago, itsnotoutthere said:

p.s. Because the people that wanted to remain are still in charge.

That's not true, Sunak voted out, Boris Johnson led the campaign to Leave, and Johnson had a huge majority with a Brexit government before, during and after Brexit. It couldn't have been more Brexity.  The only opposition they had was reality- and that is what is stymieing them.

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16 minutes ago, Hammerclaw said:

Better position to be in than Germany, struggling with lingering aftereffects of Merkelization's heavy dependence on Russian energy resources.

It's not, actually. They are ideally placed for growth, being in the Single Market.

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