>Downing Street insisted this week it was “too early to pass judgment” on whether Brexit was having a negative impact on the economy, which could be heading into a recession. “The opportunities Brexit provides will be a boon to the UK economy in the long run,” Johnson’s spokesman said.
>Both Johnson and Sunak insist that it is hard at this stage to separate Brexit’s economic impact from the shock of Covid. In the meantime, the prime minister promotes the “benefits of Brexit”, such as new trade agreements with Australia and New Zealand and the freedom for the UK to set its own rules.
>Sunak has promised a reform of rules in the City of London, including reforming the EU’s Solvency II rules to allow insurers to spend more money on infrastructure projects. He has announced eight new freeports with special tax privileges.
>But economists have not yet been able to find any significant positive impacts of these policies. Some, including Johnson’s patriotic promise to put a “crown stamp” on pint glasses in pubs and to allow traders to sell their wares in pounds and ounces, are primarily symbolic.
Biggest worry with Brexit, really looks bad.
Dead cats don’t bounce, Boris.
And eventually they start to stink up the room.
Lets get breakfast done !
Brexiteer copium incoming…
Show me a graph for wages.
Why do I care about foreign investment? Seems to me that something cunts in board meetings give a shit about, and talk about shareholders with, and jack themselves off over and get rich from.
Do the graph for average wages, and we’ll see something that average Brits should give a fuck about and focus on.
Fucking sick of economists complaining about shit like this, and telling us we have it so bad because of x, y, z indicator, when the ones that matter like wages people are getting, are rocketing upwards.
They’re all in the pocket of big business, and they’re all trying to pretend what we’re seeing with our own eyes isn’t happening.
In general, for the average Brit, Brexit has been nothing but a boon in regards to their financial situation.
Almost immediately after the Brexit vote, wages started rising more than they had in the decade before it.
It is an imaginary trend line that never existed, also – COVID / Ukraine war. Many investments are on hold because of that.
Why would it rebound? People are leaving the country, those who stay invest abroad, businesses fold due to more expensive and uncertain exports. Regular workers being squeezed left, right and centre for every penny they have. Why would any business invest here? The adjustment has not yet reached the bottom, so there is no opportunities for inward investment. Only morons would expect anything good to happen in the UK in the next 2-3 years.
8 comments
From the latest article by Financial Times on : [The deafening silence over Brexit’s economic fallout](https://www.ft.com/content/7a209a34-7d95-47aa-91b0-bf02d4214764)
>Downing Street insisted this week it was “too early to pass judgment” on whether Brexit was having a negative impact on the economy, which could be heading into a recession. “The opportunities Brexit provides will be a boon to the UK economy in the long run,” Johnson’s spokesman said.
>Both Johnson and Sunak insist that it is hard at this stage to separate Brexit’s economic impact from the shock of Covid. In the meantime, the prime minister promotes the “benefits of Brexit”, such as new trade agreements with Australia and New Zealand and the freedom for the UK to set its own rules.
>Sunak has promised a reform of rules in the City of London, including reforming the EU’s Solvency II rules to allow insurers to spend more money on infrastructure projects. He has announced eight new freeports with special tax privileges.
>But economists have not yet been able to find any significant positive impacts of these policies. Some, including Johnson’s patriotic promise to put a “crown stamp” on pint glasses in pubs and to allow traders to sell their wares in pounds and ounces, are primarily symbolic.
Biggest worry with Brexit, really looks bad.
Dead cats don’t bounce, Boris.
And eventually they start to stink up the room.
Lets get breakfast done !
Brexiteer copium incoming…
Show me a graph for wages.
Why do I care about foreign investment? Seems to me that something cunts in board meetings give a shit about, and talk about shareholders with, and jack themselves off over and get rich from.
Do the graph for average wages, and we’ll see something that average Brits should give a fuck about and focus on.
Fucking sick of economists complaining about shit like this, and telling us we have it so bad because of x, y, z indicator, when the ones that matter like wages people are getting, are rocketing upwards.
They’re all in the pocket of big business, and they’re all trying to pretend what we’re seeing with our own eyes isn’t happening.
In general, for the average Brit, Brexit has been nothing but a boon in regards to their financial situation.
Almost immediately after the Brexit vote, wages started rising more than they had in the decade before it.
It is an imaginary trend line that never existed, also – COVID / Ukraine war. Many investments are on hold because of that.
Why would it rebound? People are leaving the country, those who stay invest abroad, businesses fold due to more expensive and uncertain exports. Regular workers being squeezed left, right and centre for every penny they have. Why would any business invest here? The adjustment has not yet reached the bottom, so there is no opportunities for inward investment. Only morons would expect anything good to happen in the UK in the next 2-3 years.