DOOM: London

[Whorty]

It's not a World recession, inflation is everywhere but much worse in the UK, these are the facts and is accepted by all. Note the comments by Jeremy Hunt yesterday, "Brexit has imposed costs on the UK economy". It's blatantly obvious even to the thickest of sculls that project fear became project reality.

There's no point trying to reason with diehard brexidiots ... no amount of facts will ever convince them that brexit has had a negative impact on the UK. No point wasting your breath.

[AtW]

"Brexit a major cause of UK’s return to austerity, says senior economist

Former Bank of England policymaker Michael Saunders says leaving EU has ‘permanently damaged’ economy

Brexit is the ultimate reason why the UK now faces a fresh round of austerity, a former interest rate-setter at the Bank of England has said.

“The UK economy as a whole has been permanently damaged by Brexit,” Michael Saunders, who was an external member of the central bank’s monetary policy committee, said in an interview with Bloomberg TV.

“It’s reduced the economy’s potential output significantly, eroded business investment,” he said, adding: “If we hadn’t had Brexit, we probably wouldn’t be talking about an austerity budget this week.”

“The need for tax rises, spending cuts wouldn’t be there, if Brexit hadn’t reduced the economy’s potential output so much.”

Saunders joined the rate-setting committee shortly after the result of the Brexit referendum in 2016 and left the role in August this year.

He said the “main legacy of that period” was weak economic output."

https://www.theguardian.com/politics...nior-economist

Rejoin EU and reduce taxes!

[Protagoras]

Some of us think that the UK economy has been permanently damaged by bailouts and QE as well ...

[AtW]

Some of us think that the UK economy has been permanently damaged by bailouts and QE as well ...

Can they be reversed? Maybe.

Can Brexit be reversed? For sure.

[malvolio]

Can they be reversed? Maybe.

Of course they can - unless Hunt persists in his current idiot policy of discouraging inward investment and preventing growth...

Can Brexit be reversed? For sure.

Don't be ridiculous. Yes it can. No it won't be.