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UK economy only G7 nation to shrink in 2023 - IMF

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  • I saw a prediction about the next 12 months.   Let's wait until the end of 2023 for the verifiable data.

  • Just wait for the loss of the EU financial services industry to fully kick in. It will likely be a basket case for at least a decade.

  • It now appears that the UK is actually lagging behind even Russia - according to the IMF. of the post Brexit trade deals, 73 were "rubber stamps" Oz and NZ are new but tiny and the Ozone is

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4 minutes ago, transam said:

I voted leave to get away from the future U.S. of Germany, whatever the cost.....????

More irrelevancy.

6 minutes ago, placeholder said:

Again. Your comment is irrelevant to the claim made by hotandsticky.

I don't give a toss, I am replying to your stuff...............:ermm:

7 minutes ago, placeholder said:

More irrelevancy.

To you, but not to me, a leaver, folk like you just can't get over the will of the people at the time.............:cowboy:

Chill out, get on with your life, my mum and dad did in 1945......:clap2:

10 minutes ago, JonnyF said:

More good news post Brexit.

 

https://www.express.co.uk/news/politics/1730849/UK-trade-deal-Chile-Malaysia

 

image.png.ba7b2464ebe028e93f19111a9e774363.png

 

So refreshing after the technocratic, overly regulated, stale environment of the failing EU federalist project. 

Can't wait to hear Placeholders comments on that....:cowboy:

38 minutes ago, placeholder said:

When someone makes a rebuttal addressing moties instead of the facts, it means one thing: they've got nothing.

You've got nothing.

YAWN!

*Removed post edited out*

 

 

47 minutes ago, JonnyF said:

More good news post Brexit.

 

https://www.express.co.uk/news/politics/1730849/UK-trade-deal-Chile-Malaysia

 

image.png.ba7b2464ebe028e93f19111a9e774363.png

 

So refreshing after the technocratic, overly regulated, stale environment of the failing EU federalist project. 

I remember when the Brexiters were touting the benefits of a free trade agreement with the USA. The government came out with an estimate that over time, it would increase the UK's GDP by 0.1%. The fact of the matter is that tariffs are already very low. Which explains why Chinese and Japanese products, among others, have been so successful in the UK and the EU. And claiming that closer ties with Malaysia and Chile will amount to some sort of important success sounds desperate. Malaysia and Chile, really?  The fact is that the 2 most important factors that determine trade with other nations is the size of their economy and proximity. Unless someone has a feasible plan to sail the UK a lot closer to Asia, the benefits of this will be quite limited. And, if history is any guide, it won't compensate for the damage done to the UK economy by Brexit.

28 minutes ago, transam said:

To you, but not to me, a leaver, folk like you just can't get over the will of the people at the time.............:cowboy:

Chill out, get on with your life, my mum and dad did in 1945......:clap2:

Actually, if anybody can't get over themselves it's you. Hotandsticky made a false assertion, and then you decided to share your feelings about Brexit, instead of address the issue he raised and I responded to. And once again you decide to address my motivations, rather than the facts.

You've got nothing.

28 minutes ago, transam said:

Can't wait to hear Placeholders comments on that....:cowboy:

They were an anti-climax ????.

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39 minutes ago, JonnyF said:

More good news post Brexit.

 

https://www.express.co.uk/news/politics/1730849/UK-trade-deal-Chile-Malaysia

 

image.png.ba7b2464ebe028e93f19111a9e774363.png

 

So refreshing after the technocratic, overly regulated, stale environment of the failing EU federalist project. 

Yes, expect trade with Tonga to recoup much of the losses created by the Brexit disaster!

1 hour ago, placeholder said:

Really?

 

Here's what Nigel Farage wrote on Jun 20, 2016

'Don't forget that so many who now insist that we would be diminished as a nation if we leave the EU said that our economy would suffer if we did not join the euro. They were wrong then and they are wrong now.'

https://www.independent.co.uk/voices/eu-referendum-brexit-nigel-farage-on-why-you-should-vote-to-leave-a7091021.html

 

Here's Rees-Mogg

“I think the economic benefit is the very straight-forward, classical view: the more freely you trade, the better. The drive to do business is much more powerful for making a country rich than governments directing business, which is more what the EU is about.”

https://www.huffingtonpost.co.uk/entry/jacob-rees-mogg-brexit_uk_574dc7a5e4b0089281b4d95d

 

Here's Boris Johnson:

Mayor of London Boris Johnson has said leaving the EU would be a "win-win for all", urging those backing exit to "hold our nerve and vote for freedom".

The EU was an anachronism which "costs us a huge amount of money and subverts our democracy", the Tory MP said.

He insisted there were no downsides to leaving, suggesting the UK could ape Canada's trade arrangement with the EU.

https://www.bbc.com/news/uk-politics-eu-referendum-35783049

All quoted as saying as such prior to Covid and the war in Ukraine. Get those negative aspects of the Economy and decision making out of the way and see what happens then.

16 minutes ago, placeholder said:

Actually, if anybody can't get over themselves it's you. Hotandsticky made a false assertion, and then you decided to share your feelings about Brexit, instead of address the issue he raised and I responded to. And once again you decide to address my motivations, rather than the facts.

You've got nothing.

Narcissistic folk have everything, don't forget that....:cowboy:

20 minutes ago, Phoenix Rising said:

Yes, expect trade with Tonga to recoup much of the losses created by the Brexit disaster!

Edited by transam

  • Popular Post
1 hour ago, hotandsticky said:

Thriving is about more than just the economy.

 

 

Anyway.......the Leave vote won, get over it.

Why should I get over it when I had no say in a matter that directly affected me (I was living in Belgium at the time), while some others - who were thousands of miles away and had no intention of returning to live in the UK - did?

 

Bitter? Too bloody right I am.

 

What's all these ways in which the UK is currently thriving?

  • Popular Post
1 hour ago, transam said:

I voted leave to get away from the future U.S. of Germany, whatever the cost.....????

Thought that one of your strong beliefs was that no one can predict the future?

2 hours ago, transam said:

Polls are guesswork because of the low numbers involved, but providing work for a few interviewees.....:cowboy:

I look forward to your rebuttal of statistical theory.

 

(Please show your workings).

20 minutes ago, RayC said:

Why should I get over it when I had no say in a matter that directly affected me (I was living in Belgium at the time), while some others - who were thousands of miles away and had no intention of returning to live in the UK - did?

 

Bitter? Too bloody right I am.

 

What's all these ways in which the UK is currently thriving?

 

Watching bitter idiots keep squirming is thriving enough for me.

4 minutes ago, hotandsticky said:

 

Watching bitter idiots keep squirming is thriving enough for me.

Yes, I can imagine that lets you forget the cold and starving Brits. 

2 hours ago, JonnyF said:

More good news post Brexit.

 

https://www.express.co.uk/news/politics/1730849/UK-trade-deal-Chile-Malaysia

 

image.png.ba7b2464ebe028e93f19111a9e774363.png

 

So refreshing after the technocratic, overly regulated, stale environment of the failing EU federalist project. 

It appears that the Institute of Directors (IoD) have a more nuanced and objective take on things. 

 

https://www.iod.com/news/global-business/flying-the-flag-for-global-britain-how-valuable-is-cptpp-for-the-uk-really/

 

Who's opinion could be considered more relevant? Daily Express or the IoD? Tricky one that!

Edited by RayC
Forgot the link!

On 2/6/2023 at 8:50 AM, vinny41 said:

No quarrel old bean but you have confirmed what I stated was correct it is impossible to take the responses from a small group of people and apply an algorithm and state that applies for the majority of people in a country

That's the basis of statistics. The margin of error is always stated and is rarely much outside that. Similar polls have been around for many decades.

  • Popular Post
1 hour ago, transam said:

folk like you just can't get over the will of the people

when you say "folk like you" do you mean current generations left to deal with policy choices voted in by bigoted geriatrics  who will not live long enough to pay for their choices?

 

But wait, they are paying now, aren't they? 

Edited by n00dle

  • Popular Post
10 minutes ago, hotandsticky said:

 

Watching bitter idiots keep squirming is thriving enough for me.

Oh dear. Reduced to insults.

 

Still probably to be expected of someone unable to formulate a coherent argument. 

2 hours ago, JonnyF said:

More good news post Brexit.

 

https://www.express.co.uk/news/politics/1730849/UK-trade-deal-Chile-Malaysia

 

image.png.ba7b2464ebe028e93f19111a9e774363.png

 

So refreshing after the technocratic, overly regulated, stale environment of the failing EU federalist project. 

The UK has not yet joined the CPTPP, and already has a trade agreement with Chili.

 

But let’s not get too excited over a predicted 0.08% of growth:

 

“ a summary of the Government’s own modelling of the economic impact of accession. It said that the estimated increase in UK GDP in the long run was 0.08%.”

 

And as with so many things this Government are doing:

 

“On the substance of the negotiations, the committee said its main concern was that the UK would require a number of “carve-outs” from the existing terms of CPTPP “


Refer link below and pay  attention to which particular ‘cave outs’ are of concern:

 

https://lordslibrary.parliament.uk/uk-membership-of-the-trans-pacific-trade-agreement/

 

 

Edited by Chomper Higgot

  • Popular Post
18 minutes ago, hotandsticky said:

 

Watching bitter idiots keep squirming is thriving enough for me.

That’s spiffing, because it’s the only ‘thriving’ BREXIT is producing.

  • Popular Post
3 hours ago, JonnyF said:

More good news post Brexit.

 

https://www.express.co.uk/news/politics/1730849/UK-trade-deal-Chile-Malaysia

 

image.png.ba7b2464ebe028e93f19111a9e774363.png

 

So refreshing after the technocratic, overly regulated, stale environment of the failing EU federalist project. 

So what's the added benefit of not being in the EU?????

 

There was already an FTA between the EU and Chile, which has been extended in December 2022.

The EU also signed a cooperation agreement with Malaysia in December, which is more than what the UK currently has

1 hour ago, RayC said:

Thought that one of your strong beliefs was that no one can predict the future?

Strong beliefs, where did you get that from....:ermm:

 

The mistake the UK made regarding across the channel, in the 1930's, cost the UK dear in lost lives and decades of financial burden to fix it.

40 years of EU pandering, controlling, telling us what to do is now over.

 

Hip, hip, hoorah.... 

 

 

 

 

 

 

2 hours ago, RayC said:

I look forward to your rebuttal of statistical theory.

 

(Please show your workings).

Not likely................:stoner:

3 hours ago, Phoenix Rising said:

Yes, I can imagine that lets you forget the cold and starving Brits. 

Oh please.....

3 hours ago, RayC said:

It appears that the Institute of Directors (IoD) have a more nuanced and objective take on things. 

 

https://www.iod.com/news/global-business/flying-the-flag-for-global-britain-how-valuable-is-cptpp-for-the-uk-really/

 

Who's opinion could be considered more relevant? Daily Express or the IoD? Tricky one that!

Interesting. I didn't know that the UK already had bilateral free trade agreements with 7 of the 11 member countries and digital economy agreements with Singapore and Japan. Kind of lessens the impact, no?

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