Carney says Brexit already costing UK economy £10B per year

[original PM]

It is funny that the Dutch have flooding completely under control whereas the Brits get flooded after every rain shower

Which is as we know a result of an EU directive.

https://www.adamsmith.org/blog/energ...oding-straight

Or maybe not

https://blogs.ec.europa.eu/ECintheUK...ut-foundation/

Depending on who you believe!

[Eirikur]

Which is as we know a result of an EU directive.

https://www.adamsmith.org/blog/energ...oding-straight

Or maybe not

https://blogs.ec.europa.eu/ECintheUK...ut-foundation/

Depending on who you believe!

It's as a result of the devastating floods of Feb 1953, which also affected East Anglia, but the Brits did nothing on their side.

[original PM]

Well I do believe in britain we must have pretty crap water management - as evidenced by the fact we have floods for a portion of the year and then 'hosepipe' bans for others.

But yes we build on flood plains without taking proper precautions.

Whether the EU dredging rules are making a difference - who knows...

but we need to sort it out.

[original PM]

It's as a result of the devastating floods of Feb 1953, which also affected East Anglia, but the Brits did nothing on their side.

In addition East Anglia is effectively the Norfolk Broads which is really just large amounts of wetland connected by waterways so.....

[HugeWhale]

Economists never seem to get it right. Hell, they can never even agree with each other. Economic consensus doesn't exist, and when you get something close to it then they're invariably wrong. Economics is opinion which pretends to be a science when wrapped in the warm comforting glow that only hindsight can offer. Trusting the judgement of economists is like asking an archaeologist to predict future trends - it's guesswork.

Just one example: the Governor of the Bank of England didn't predict the great credit crunch of 2007/8.
There he was, lavishly resourced, right at the heart of the system, and he missed it. Just as almost all the other economists missed it. The business professors at Harvard Business School? Missed it. Chairman of the Federal reserve - missed it. The greatest economic minds in the country - missed it. The advisors to central banks across the globe - missed it. AND IT WAS STARING THEM ALL IN THE FACE.

Here is HW's economic prediction:
We're due a recession.

There was one in the early eighties, when unemployment raced up under Maggie Thatcher before the Lawson boom.
Then one in the early nineties under John Major, before...
the DotCom boom and bust around 2000.
Then another one in 2007/8 - the big credit crunch.

They come around every 10 years or so. So we're just about due.

[darmstadt]

Well I do believe in britain we must have pretty crap water management - as evidenced by the fact we have floods for a portion of the year and then 'hosepipe' bans for others.

But yes we build on flood plains without taking proper precautions.

Whether the EU dredging rules are making a difference - who knows...

but we need to sort it out.

I think you'll find it's because the UK privatised their water agencies and they were all bought by foreign companies who only invest the very minimum but make a lot of profit, much like the railways. HTH...