BOE warns of Brexit recession

[AtW]

It's a vote for the next 6 decades. On that, the Bremainers prefer to suspend their disbelief and cling to Gidiot's gravity model and it's dodgy inputs, which is fine

Real wealth comes from exports.

British Empire did it very well - exported well armed forces and brought in all sort of crown jewels, that's not longer possible, so companies have to earn wealth by making very good products and services, competing with child labour in former colonies.

Norway can stay out because oil/gas too important for EU, so they got guaranteed market for sale - population is very small compared to Britain.

Switzerland can stay out because they hide half of worlds stolen wealth in their banks and population is also very small compared to Britain.

A country with 60 mln people should be part of big trading block - either EU or USA (as 51st state)... or lose lots of wealth.

[LondonManc]

He's stating the bleeding obvious (given the rhetoric from Hamface/Gidiot, it's a self-fulfilling prophecy). It's also bleeding obvious, to all but the most blinkered of Bremainers, that this isn't a vote for the next 6 months. It's a vote for the next 6 decades. On that, the Bremainers prefer to suspend their disbelief and cling to Gidiot's gravity model and it's dodgy inputs, which is fine

I'm more concerned about hard facts from the Bremainers. Not a single one has explained what we will definitely, without a shadow of a doubt, lose, which would be to the detriment of the country.

The only figure I've seen from either side is the membership fees that we'll not have to pay, net of rebate, which works out at around £280m per week. The Brexiters prefer to quote the £350m, conveniently ignoring the rebate but it's still one hell of a wedge that would plug a gap in our shortcomings.

[AtW]

I'm more concerned about hard facts from the Bremainers. Not a single one has explained what we will definitely, without a shadow of a doubt, lose, which would be to the detriment of the country.

It's the people who want to Leave should explain very well BIG benefits that allegedly would follow Brexit.

Why take big risks in changing when no obvious benefits exist, only new BIG risks???

[jamesbrown]

Real wealth comes from exports.

Define "real".

Around 80% of our trade is internal to the UK. Our most important external trading partner is the US. The vast majority of UK companies do not trade with the EU, but must accept all single market regulation. The EU accounts for a (rapidly) declining proportion of our global trade, and this proportion itself is overstated (the Rotterdam Effect). There is no convincing evidence that the EU itself has contributed to increased trade, i.e. that internal trade between EU countries has increased more rapidly than trade between the EU and other countries. Furthermore, the EU is hopeless at negotiating trade deals. There are too many vested interests among the EU countries in particular sectors. Of course, the difficulty in establishing the benefits of the single market is the counterfactual; there isn't one. Instead, there are models of the counterfactual, which make assumptions about tariff and non-tariff barriers, but not about the effects of EU regulation on the productivity of companies/workers that do not trade with the EU, for example. The models are structurally flawed.

What really matters is how our gov't responds following Brexit. And that's sort of the point.

[AtW]

Define "real".

Easy.

Internal trade is just about same money changing hands.

Exporting means you get NEW money.

If you export a lot more than you import (like Germany) then you get wealthier.

Accepting common EU regulations, which also apply to other countries, is just part of the rules of the elite club.

[original PM]

I'm more concerned about hard facts from the Bremainers. Not a single one has explained what we will definitely, without a shadow of a doubt, lose, which would be to the detriment of the country.

The only figure I've seen from either side is the membership fees that we'll not have to pay, net of rebate, which works out at around £280m per week. The Brexiters prefer to quote the £350m, conveniently ignoring the rebate but it's still one hell of a wedge that would plug a gap in our shortcomings.

The brexiters are too stupid to understand fact apparently so we just get doomongering.

Nobody knows the answer but I say if you are not living life on the edge you are taking up too much space.

Let's vote out and take advantage of the opportunity to change.

[jamesbrown]

I'm more concerned about hard facts from the Bremainers. Not a single one has explained what we will definitely, without a shadow of a doubt, lose, which would be to the detriment of the country.

The only figure I've seen from either side is the membership fees that we'll not have to pay, net of rebate, which works out at around £280m per week. The Brexiters prefer to quote the £350m, conveniently ignoring the rebate but it's still one hell of a wedge that would plug a gap in our shortcomings.

This is a decision for the long-term. The Bremainers need to explain is how the EU will be configured in 20-30 years from now, as it moves towards "ever closer union", and how we won't be disadvantaged by that process. Our opt out from the language of "ever closer union" is absolutely worthless. There is no special status. On the contrary, we just negotiated the loss of our veto on other countries proceeding with fiscal, political and economic integration.

[Hobosapien]

Is this the same recession we're already in, or a new one?

UK industry in recession for third time in eight years - BBC News

[AtW]

This is a decision for the long-term. The Bremainers need to explain is how the EU will be configured in 20-30 years from now, as it moves towards "ever closer union", and how we won't be disadvantaged by that process.

It will be for sure an even closer union.

[jamesbrown]

Easy.

Internal trade is just about same money changing hands.

Exporting means you get NEW money.

If you export a lot more than you import (like Germany) then you get wealthier.

Accepting common EU regulations, which also apply to other countries, is just part of the rules of the elite club.

Oh dear. When companies move from overseas to the UK, is that "exporting"? When Germany exports more than it imports, where in the EU is that trade surplus balanced by a corresponding deficit? I'm afraid this is far more complicated than import = bad, export = good. But even if that were true, you'd need to explain to me, given what I said above, about why our prospects for exporting are better within the EU. Presumably, you'd argue that joining the Euro would boost our exports to the EU (afterall, you can't get much more "common" than a currency). Are you suggesting that we should join the Euro? If not, why?