Rachel from accounts has crashed the economy

[Almn0etd]

So borrowing costs are now even higher than when Liz Truss was around.

The economy is well and truly cooked and in a far worse shape now that Rachel accounts is in charge.

Why isn’t this dominating the news cycle? Because it’s Labour.

The Tories were atrocious. Labour are an indescribable disaster for this country, surpassing the lowest of the low bars. Cue Labour apologists who don’t mind being made poorer and having the country destroyed, as long it’s Labour doing it to them.

@Clavinova , yes because they were getting more overtly political and more controlling. Merkel was going to be a nightmare.

If you voted Remain then I don't think you can claim to know what the other side voted for.

Well, if they voted for something which wasn't being offered, then that would be optimistic!

This article suggests I'm maybe not recalling entirely incorrectly!

But anyway, it was a side point to what was being discussed earlier. It's turned into a derail now. Sorry folks!

From the 2016 link;

[David Cameron] said the Brexit campaign had made it clear to voters that voting to leave also meant pulling out of the single market.

There have been reports that the House of Commons, whose MPs are overwhelmingly pro-Remain, could vote against pulling out of the single market in the event of a Brexit. MPs could claim they were accepting voters’ wishes to withdraw from the EU while protecting them from the economic consequences of leaving the trading area.

However, the Leave campaign has made it clear that in order to restrict immigration and strike trade deals with countries outside the EU, Britain would have to leave the single market.

Thanks for this, yes this is what I recall

That then fed into the red lines stiff, no SM or FOM

But it was said we'd have a trade deal, which I've since clarified I meant, so focusing on the SM is moot!

ETA: the second paragraph refers to something similar.

At least one of your links confirms leaving the single market;

Setting out his proposals for what the UK outside the EU would look like, Gove confirmed the Brexit camp would want to leave the single market – an admission seized on by the in campaigners as a risky prospect.

For those at the back who have missed the clarification I've repeatedly made: I've already said I misremembered about the SM, but I didn't misremember that they said we wouldn't leave without a trade deal.

We do have a trade deal.

Yes that could also be the case, here’s my other post from earlier. So I do think a deal was talked about

My pp - ‘I think maybe a deal but not FOM which means no SM’

So yes a trade deal which we have but I don’t think it means soft Brexit

To me voting for soft Brexit means FOM

My understanding of a soft Brexit is one with comparable trading arrangements (re tariffs etc) as we had in the EU, even without FoM, so the customs union approach.

ukandeu.ac.uk/the-facts/what-is-soft-brexit/

Not a comparable one, though, which is what was suggested we'd have.

NoWordForFluffy
My understanding of a soft Brexit is one with comparable trading arrangements (re tariffs etc)

To be fair we don't have tariffs.

"If you voted Remain then I don't think you can claim to know what the other side voted for."

That's the point though isn't? All we know people voted for ( by a narrow margin) was to leave the European union. No one can know what proportion of people would have wanted to stay in the sm or leave it so the conservatives decided that, by and large

I'm sure we all remember "Brexit means Brexit"shambles.

The fact remains that prior to Brexit the UK attracted a lot of investment as the most business friendly route into the European single market. That stopped after Brexit. Investment in the UK now offers entry into the UK market which is a lot smaller than the single market.

This is useful as it outlines its either SM CU or both

I don’t think the vote was definitely CU though

It was pretty vague

We know what MPs were voting for (pre-referendum debate);

Hansard - House of Commons Wednesday 15 June 2016
[David Cameron] The Prime Minister

I am very happy to agree with my hon. Friend. “In” means we remain in a reformed EU; “out” means we come out. As the leave campaigners and others have said, “out” means out of the EU, out of the European single market, out of the Council of Ministers - out of all those things -

IMF statement today was very interesting.

@MrsSkylerWhite I have found the report but I cant find an easy to read summary. Can you help? Please.

Very briefly, UK growth is predicted to be 1.6 % in the next year, which will make its economy the second fastest growing in the G7.

Pretty sure you’ll find more detailed information on basic sites such as the BBC.

BBC 'The latest IMF figures suggested the UK economy had weaker growth last year than the organisation had forecast' that said I do hope this years prediction is correct but with Trump back in power who knows, I don't think Keir has made any friends there.

Not really interested in the past. Moving forward, the prediction is better than expected.

BofE’s expected announcement of revised mortgage lending criteria will help, too,

I'm not sure about that, doesn't it result in house prices going up and people taking on greater debt than ever before compared to earnings. I mean I guess on a macro scale the banks make more money.

"We know what MPs were voting for (pre-referendum debate);"

Yes but like Boris said "what was the will of the people" ? You've quoted 2 people out of 16 million.

I'm assuming David Cameron didn't vote out either since he resigned the day after leave vote won. But we don't actually know do we?

I also recall gove saying we would have a green Brexit and lead the world on environmental standards so statements in the house of commons etc don't prove that's what MP intended. I could equally pick out a quote from an MP who thought leave meant leave political structures instead.

But you have also proven my point because ultimately what Brexit meant was decided by the conservatives interpretation ...they even prorogued parliament to stifle debate about it.

Regardless, it has stifled investment in the UK and will continue to do so.