[Politics] Brexit

[Two Professors]

Think how well off they might be if the UK hadn't colonalised them for two hundred years.

Do you really think they would have been better off under the French,or Russian,Empires?If you read your history,instead of getting sound-bites from the FT,you might understand these things a little better.

 

[5ways]

Do you really think they would have been better off under the French,or Russian,Empires?If you read your history,instead of getting sound-bites from the FT,you might understand these things a little better.

I would think they would be better off without colonial rule by anyone but that's not what happened.

You might enjoy this video: https://www.mruniversity.com/courses/development-economics/did-british-rule-help-india

 

[JC Footy Genius]

With Olympian disdain, hardcore Remainers have poured scorn on “the idiots” who voted to get out of the EU. They would get what they deserve. But here is an odd thing. Not only is the UK economy performing a lot better than expected. On top of that, the more strongly an area voted Leave the better it is doing. If you look at house prices, the numbers of jobs, or wage growth, it is already clear that the Leave areas are out-growing the rest of the country. Perhaps they weren’t so stupid after all?

Even the most diehard Remoaner must be feeling uneasy about their predictions of economic wipeout by now. Employment has just hit yet another record high. Exports are rising, wages are up, and the UK is still getting lots of inward investment. A recession may arrive, but there is not much sign of it.

Within those figures, however, an interesting trend has started to emerge about the Leave areas...

This week, the estate agency eMoov crunched the Land Registry figures to look at how prices were performing in different areas of the country, according to how they voted. What they found was surprising. While the UK has seen a 4.9pc rise in house prices since the referendum, despite the predictions of a collapse, a massive 159 Leave districts have seen prices rise by more than the national average, of which 30 have done twice as well as the country as a whole. By contrast, only 44 Remain areas have beaten the average...

That is just one example. But there is other evidence that points in the same direction. Take a look at jobs. The region with the fastest employment growth on the latest available data is the West Midlands, which added 96,000 jobs from March 2016 to March 2017. It returned the biggest Leave majority, with 59pc for out. The second highest rate of growth was in the South West, which also voted out. How about pay? The latest data show the West Midlands also has the fastest annual pay growth, at 3.3pc. The next highest was the North West, at 3pc, which also voted strongly to Leave. In London, where Remain won handsomely, wages have been growing by less than 2pc...

Actually, there should not be any great mystery about that. The truth is that for large parts of the country, the EU was not delivering any significant economic benefits. Huge flows of money into the City created an over-valued exchange rate, which depressed manufacturing, and made it very hard to export anything apart from financial services. Migration overall is good for the economy, but huge inflows of new people have depressed wages, especially for workers with few skills.

True, we have not left yet, and it remains to be seen what happens once we are actually out, especially if we tumble out without a decent trade deal. But, so far, it seems that some of those trends are going into reverse. If it carries on, Brexit may well end up rebalancing the UK economy between its richer and poorer regions – something successive governments have tried to do for years without a great deal of success.

It turns out the Leave voters were perfectly smart to make the decision they did. Despite all the warnings from Project Fear, they could see clearly that they weren’t getting much from EU membership. And they are being proved right. As for the Remain areas, they are starting to fall behind – which may explain why many of them are still so moany.

http://www.telegraph.co.uk/business...e-right-decision-brexit-helping-rebalance-uk/

 

[Two Professors]

I would think they would be better off without colonial rule by anyone but that's not what happened.

You might enjoy this video: https://www.mruniversity.com/courses/development-economics/did-british-rule-help-india

As for the video,one man's opinion,with very little in-depth stuff as it says in the comments.Nothing about increase in life-span,better health care,or widows being burned to death!There have been empires ruling the Indian sub-continent for the last 1000 years or more,but you choose to castigate the one that did the most good-typical!Try looking up conditions under the Mughal Empire and how the natives were treated.

 

[Two Professors]

With Olympian disdain, hardcore Remainers have poured scorn on “the idiots” who voted to get out of the EU. They would get what they deserve. But here is an odd thing. Not only is the UK economy performing a lot better than expected. On top of that, the more strongly an area voted Leave the better it is doing. If you look at house prices, the numbers of jobs, or wage growth, it is already clear that the Leave areas are out-growing the rest of the country. Perhaps they weren’t so stupid after all?

Even the most diehard Remoaner must be feeling uneasy about their predictions of economic wipeout by now. Employment has just hit yet another record high. Exports are rising, wages are up, and the UK is still getting lots of inward investment. A recession may arrive, but there is not much sign of it.

Within those figures, however, an interesting trend has started to emerge about the Leave areas...

This week, the estate agency eMoov crunched the Land Registry figures to look at how prices were performing in different areas of the country, according to how they voted. What they found was surprising. While the UK has seen a 4.9pc rise in house prices since the referendum, despite the predictions of a collapse, a massive 159 Leave districts have seen prices rise by more than the national average, of which 30 have done twice as well as the country as a whole. By contrast, only 44 Remain areas have beaten the average...

That is just one example. But there is other evidence that points in the same direction. Take a look at jobs. The region with the fastest employment growth on the latest available data is the West Midlands, which added 96,000 jobs from March 2016 to March 2017. It returned the biggest Leave majority, with 59pc for out. The second highest rate of growth was in the South West, which also voted out. How about pay? The latest data show the West Midlands also has the fastest annual pay growth, at 3.3pc. The next highest was the North West, at 3pc, which also voted strongly to Leave. In London, where Remain won handsomely, wages have been growing by less than 2pc...

Actually, there should not be any great mystery about that. The truth is that for large parts of the country, the EU was not delivering any significant economic benefits. Huge flows of money into the City created an over-valued exchange rate, which depressed manufacturing, and made it very hard to export anything apart from financial services. Migration overall is good for the economy, but huge inflows of new people have depressed wages, especially for workers with few skills.

True, we have not left yet, and it remains to be seen what happens once we are actually out, especially if we tumble out without a decent trade deal. But, so far, it seems that some of those trends are going into reverse. If it carries on, Brexit may well end up rebalancing the UK economy between its richer and poorer regions – something successive governments have tried to do for years without a great deal of success.

It turns out the Leave voters were perfectly smart to make the decision they did. Despite all the warnings from Project Fear, they could see clearly that they weren’t getting much from EU membership. And they are being proved right. As for the Remain areas, they are starting to fall behind – which may explain why many of them are still so moany.

http://www.telegraph.co.uk/business...e-right-decision-brexit-helping-rebalance-uk/

Good article.Employment,wages,house prices all doing very nicely here (puts on BBC sneery voice) 'despite Brexit'.

 

[Hamilton]

With Olympian disdain, hardcore Remainers have poured scorn on “the idiots” who voted to get out of the EU. They would get what they deserve. But here is an odd thing. Not only is the UK economy performing a lot better than expected. On top of that, the more strongly an area voted Leave the better it is doing. If you look at house prices, the numbers of jobs, or wage growth, it is already clear that the Leave areas are out-growing the rest of the country. Perhaps they weren’t so stupid after all?

Even the most diehard Remoaner must be feeling uneasy about their predictions of economic wipeout by now. Employment has just hit yet another record high. Exports are rising, wages are up, and the UK is still getting lots of inward investment. A recession may arrive, but there is not much sign of it.

Within those figures, however, an interesting trend has started to emerge about the Leave areas...

This week, the estate agency eMoov crunched the Land Registry figures to look at how prices were performing in different areas of the country, according to how they voted. What they found was surprising. While the UK has seen a 4.9pc rise in house prices since the referendum, despite the predictions of a collapse, a massive 159 Leave districts have seen prices rise by more than the national average, of which 30 have done twice as well as the country as a whole. By contrast, only 44 Remain areas have beaten the average...

That is just one example. But there is other evidence that points in the same direction. Take a look at jobs. The region with the fastest employment growth on the latest available data is the West Midlands, which added 96,000 jobs from March 2016 to March 2017. It returned the biggest Leave majority, with 59pc for out. The second highest rate of growth was in the South West, which also voted out. How about pay? The latest data show the West Midlands also has the fastest annual pay growth, at 3.3pc. The next highest was the North West, at 3pc, which also voted strongly to Leave. In London, where Remain won handsomely, wages have been growing by less than 2pc...

Actually, there should not be any great mystery about that. The truth is that for large parts of the country, the EU was not delivering any significant economic benefits. Huge flows of money into the City created an over-valued exchange rate, which depressed manufacturing, and made it very hard to export anything apart from financial services. Migration overall is good for the economy, but huge inflows of new people have depressed wages, especially for workers with few skills.

True, we have not left yet, and it remains to be seen what happens once we are actually out, especially if we tumble out without a decent trade deal. But, so far, it seems that some of those trends are going into reverse. If it carries on, Brexit may well end up rebalancing the UK economy between its richer and poorer regions – something successive governments have tried to do for years without a great deal of success.

It turns out the Leave voters were perfectly smart to make the decision they did. Despite all the warnings from Project Fear, they could see clearly that they weren’t getting much from EU membership. And they are being proved right. As for the Remain areas, they are starting to fall behind – which may explain why many of them are still so moany.

http://www.telegraph.co.uk/business...e-right-decision-brexit-helping-rebalance-uk/

Meanwhile, ONS data continues to show the gap between real wage earnings and actual earnings growing.

The country will get through this, and people will continue to make money, but I don't expect this to trickle down to those who earn the least anytime soon.

This is no longer about Remain or Leave, it's about making the right decisions in our relationship with Europe. Let's not kid ourselves that we're about to start cracking through trade deals like we are in some way better than or have more to offer than other economies. We are significantly smaller than the US, Chinese, Japanese and EU economies, so we're not holding all the cards.

It's in our interests to retain single market status for now, and guarantee the movement of EU nationals. If you voted Leave, then see it as a short-term measure to guarantee a decent transition.

 

[5ways]

As for the video,one man's opinion,with very little in-depth stuff as it says in the comments.Nothing about increase in life-span,better health care,or widows being burned to death!There have been empires ruling the Indian sub-continent for the last 1000 years or more,but you choose to castigate the one that did the most good-typical!Try looking up conditions under the Mughal Empire and how the natives were treated.

One of the point he mentions is the British provided few public goods, like hospitals or schools. Another point he makes is that advances in science and medicine would have occured anyway through trade.

 

[5ways]

With Olympian disdain, hardcore Remainers have poured scorn on “the idiots” who voted to get out of the EU. They would get what they deserve. But here is an odd thing. Not only is the UK economy performing a lot better than expected. On top of that, the more strongly an area voted Leave the better it is doing. If you look at house prices, the numbers of jobs, or wage growth, it is already clear that the Leave areas are out-growing the rest of the country. Perhaps they weren’t so stupid after all?

Even the most diehard Remoaner must be feeling uneasy about their predictions of economic wipeout by now. Employment has just hit yet another record high. Exports are rising, wages are up, and the UK is still getting lots of inward investment. A recession may arrive, but there is not much sign of it.

Within those figures, however, an interesting trend has started to emerge about the Leave areas...

This week, the estate agency eMoov crunched the Land Registry figures to look at how prices were performing in different areas of the country, according to how they voted. What they found was surprising. While the UK has seen a 4.9pc rise in house prices since the referendum, despite the predictions of a collapse, a massive 159 Leave districts have seen prices rise by more than the national average, of which 30 have done twice as well as the country as a whole. By contrast, only 44 Remain areas have beaten the average...

That is just one example. But there is other evidence that points in the same direction. Take a look at jobs. The region with the fastest employment growth on the latest available data is the West Midlands, which added 96,000 jobs from March 2016 to March 2017. It returned the biggest Leave majority, with 59pc for out. The second highest rate of growth was in the South West, which also voted out. How about pay? The latest data show the West Midlands also has the fastest annual pay growth, at 3.3pc. The next highest was the North West, at 3pc, which also voted strongly to Leave. In London, where Remain won handsomely, wages have been growing by less than 2pc...

Actually, there should not be any great mystery about that. The truth is that for large parts of the country, the EU was not delivering any significant economic benefits. Huge flows of money into the City created an over-valued exchange rate, which depressed manufacturing, and made it very hard to export anything apart from financial services. Migration overall is good for the economy, but huge inflows of new people have depressed wages, especially for workers with few skills.

True, we have not left yet, and it remains to be seen what happens once we are actually out, especially if we tumble out without a decent trade deal. But, so far, it seems that some of those trends are going into reverse. If it carries on, Brexit may well end up rebalancing the UK economy between its richer and poorer regions – something successive governments have tried to do for years without a great deal of success.

It turns out the Leave voters were perfectly smart to make the decision they did. Despite all the warnings from Project Fear, they could see clearly that they weren’t getting much from EU membership. And they are being proved right. As for the Remain areas, they are starting to fall behind – which may explain why many of them are still so moany.

http://www.telegraph.co.uk/business...e-right-decision-brexit-helping-rebalance-uk/

This is very short-termist. What about opportunity costs? How long will we remain in the customs union? Will we have a border with Ireland (the EU) or not? What will be the consequence of trying to strike multiple trade deals with the worlds biggest economies at the same time?

 

[Two Professors]

One of the point he mentions is the British provided few public goods, like hospitals or schools. Another point he makes is that advances in science and medicine would have occured anyway through trade.

He might have done a better job if he had researched the British Council,and it's predecessors,on education.None so blind as those who don't want to see!If the opinion on science and medicine could be proved,I would be astonished.

 

[Two Professors]

This is very short-termist. What about opportunity costs? How long will we remain in the customs union? Will we have a border with Ireland (the EU) or not? What will be the consequence of trying to strike multiple trade deals with the worlds biggest economies at the same time?

Perhaps you could give us the benefit of your opinion,so we can bet on the opposite happening!

 

[beorhthelm]

Meanwhile, ONS data continues to show the gap between real wage earnings and actual earnings growing.

which is down to inflation higher then wage increases. and there's only been at most one year of Brexit related inflation, largely due to £ devaluation which will filter out in the coming 6 mth or so.

It's in our interests to retain single market status for now, and guarantee the movement of EU nationals.

agree and that's apparently the offer the UK is making, is the EU listening though?

 

[Blue3]

Sorry but we have not left the EU yet our economy if doing worst than France, Germany even Spain's growth is higher than ours GBP is at an all time low against the Euro, Companies starting to relocate offices and jobs to main land Europe I could go on!

Of course we will be OK those with money will make sure they still have money those with out will as they are now will continue to shoulder the burden and suffer.

In the long run it will be ok but I fear it will be a long time and again another generation will be sent to the waste heape

 

[nicko31]

Reminds me of this article in this Clown Shoes Shit Rag that thought that a morning's worth of "rallying against the Euro" back when Article 50 was triggered justified the headline "Pound to euro exchange rate: Sterling climbs after Brexit is triggered ...".

http://www.express.co.uk/travel/articles/785191/pound-euro-exchange-rate

That turned out well didn't it? Oh and look! They're at it again.........

http://www.express.co.uk/finance/ci...e-sterling-forecast-economist-employment-news

Lol what sad twats, the pound "jumped" against the Euro three days ago, encouraging them to write an article forecasting a recovery "over the coming months" and now here we are 3 days later and it's tanked again.

Their knee jerk reaction to the slightest rise in the value of sterling would almost be funny if the situation wasn't so bollock-breakingly tragic.

Word on the street is another load of supermarket price rises are just around the corner. Anyone enjoying the pain?

 

[BigGully]

Word on the street is another load of supermarket price rises are just around the corner. Anyone enjoying the pain?

Oh here is our resident Moonie .........................

 

[nicko31]

Oh here is our resident Moonie .........................

Come back when you've got an answer

 

[Hamilton]

which is down to inflation higher then wage increases. and there's only been at most one year of Brexit related inflation, largely due to £ devaluation which will filter out in the coming 6 mth or so.

Your 6 month assumption is based upon what? The price increases will take longer than that to work their way through the system.

agree and that's apparently the offer the UK is making, is the EU listening though?

You'll need to remind Dr Liam Fox as he's hellbent on leaving straight away. I think he see's himself as some sort of Churchillian saviour who will march into Beijing, New Delhi, Washington, Tokyo, Ottawa etc and hand over the trade documents for immediate signing. He doesn't realise that'll take years.

Meanwhile, I turn to the back page of the Economist today to see that our economy is stronger than Italy and Greece and that's about it.

I think the EU is listening, it's just they are waiting. They are not the ones that really need to rush.

However, we're leaving, so we'd better wake up, smell the coffee and decide what sort of nation we want to be in the future and how we can fit in with everyone else, including the EU.

Thank God we have an ex-GP negotiating our trade deals with the rest of the world! (that's sarcasm by the way.) You really couldn't make it up.

 

[Pretty pink fairy]

Word on the street is another load of supermarket price rises are just around the corner. Anyone enjoying the pain?

anal sex ?
regards
DR

 

[nicko31]

Your 6 month assumption is based upon what? The price increases will take longer than that to work their way through the system.



You'll need to remind Dr Liam Fox as he's hellbent on leaving straight away. I think he see's himself as some sort of Churchillian saviour who will march into Beijing, New Delhi, Washington, Tokyo, Ottawa etc and hand over the trade documents for immediate signing. He doesn't realise that'll take years.

Meanwhile, I turn to the back page of the Economist today to see that our economy is stronger than Italy and Greece and that's about it.

I think the EU is listening, it's just they are waiting. They are not the ones that really need to rush.

However, we're leaving, so we'd better wake up, smell the coffee and decide what sort of nation we want to be in the future and how we can fit in with everyone else, including the EU.

Thank God we have an ex-GP negotiating our trade deals with the rest of the world! (that's sarcasm by the way.) You really couldn't make it up.

Wish they could just use the best of what we have to get the best outcome across all parties, Sir Kier would do a lot better than Dr.Fox on trade. Every cloud has a silver lining, the Tories won't be allowed to ever government alone again when we're through all this

 

[Herr Tubthumper]

Meanwhile, I turn to the back page of the Economist today to see that our economy is stronger than Italy and Greece and that's about it.

[MENTION=5101]BigGully[/MENTION] will be along shortly to debunk this with some strange logic.

 

[Baldseagull]

And how many people have been saved from cholera,smallpox,typhoid,polio etc.The British Empire wasn't the three horsemen of the Apocalypse.Plus the much maligned justice and other democratic institutions.

I know about 30,000 Boers died of disease in British concentration camps. Estimated 1 million died in the fiasco partition of India, 20-50,000 mau mau in concentration camps, 15-30 million on the Indian continent in various famines during British rule.

Have a read up of the treatment of the Mau Mau, if you can stomach it.