To worry about a GE but think it could be our route back to the EU 🤞🏻

[CurdinHenry]

Surely surely cmon there's got to be a limit to how much poorer we want to get

The rest of the world doesn't like us or need us.

We didn't have any international goodwill when we were a member of the EU! We were generally hated as we vetoed everything.

Yes but if DD had been told that if she gave up eating carrots she'd be smaller than the rest of her class and she gave up eating carrots and is tallest, what then?

What we need is a once in a lifetime referendum to settle it once and for all, and then ignore the outcome.

The UK on its own can’t act more in the UK’s interests as has been shown the last 10 years. We need to rejoin and fast. We are a tiny island and need to accept that

B). Because France and Germany have such slow growth and there is no reason to believe that ours would have been any different.

What’s so bad about the idea of switching to Euros? I used to feel an affinity towards British currency but these days I can go days without using cash anyway.

Transactions are normally contactless these days and I wouldn’t be surprised if we’ve moved to entirely contactless within a few years.

ecstatic to rejoin
happy to have euros
but i don’t think I they need us or want us

Have you even noticed that we are subject to lower US tariffs than the EU?

We are the world's 5th or 6th largest economy, tiny island or no tiny island.

But they still won't do it if it involves UK.

😂😂😂😂that can change on a whim in a nanosecond. Have you learnt nothing the last few years. Far better to be part of something massive like the EU rather than a teeny tiny country reliant on sucking up to and begging from massive dictator lead countries like the USA.

It's not about the physical currency. You loss the ability as a country to use interest rates to manage the economy. Interest rates would be set by the ECB.

And showed the people of the EU how willing you were to smear your (voteless) compatriots as an expat-bubble inhabiting stereotype while throwing them under the bus in terms of securing their right to remain where they had long built a life with a quid pro quo agreement.

Just to be clear, that was the Remainers.

If you treat your own like that, don’t be surprised if those with no bond doubt your collective character.

Not true, it’s been made clear and discussed that they would have us back.The president of the European Commission, Ursula von der Leyen, expressed her support for the UK eventually rejoining the EU.

Indeed and if we were in the EU the tariffs with the eu would be zero

Me neither.

But just in case I’ll keep an eye on train timetable on the Ligurian scenic route in case I need to pop over the boarder and do some Beautiful South inspired activism.

Michel Barnier said just last weekend that he didn’t see any reason why UK couldn’t rejoin under our old terms (ie. keep the pound and not be part of Schengen).

But they have a long list of conditions including the Euro and many Billions of £$£$.
We would also have to slow our use and development of AI. No way will it fly.

Trade between the UK and EU is already tariff free.

You pay import vat at 20% on nearly everything over £135

Well done on your top expertise

I don't know about individual sectors and I expect there is considerable variation among them as regards performance.

I do know that for the country as a whole Brexit has been nowhere near as disasterous as Project Fear said it was going to be.

All the calculations re things like where growth should be if we hadn't done it are all predictions by economists. The same economists that have a considerable amount of political bias.

Our economic performance since Brexit has been unremarkable compared with other G7 countries. So if you believe the doom mongering forecasters we should be far ahead of them now if Brexit hadn't occurred. Something I struggle to believe.

I also believe COVID had a much more serious impact on the UK and European economies than Brexit, and it is pretty hard to disentangle that from the calculations. Of course people will claim they can. And that the results are co-incidentally what they predicted and are in line again with their political bias.

When I look at "institution" forecasting, for example inflation forecasting, I see the performance of the models compared with what actually happened is woeful.

So not surprisingly I don't have much confidence in modelling and forecasters. I think there is ingrained political bias in many of the institutions that do the modelling. And the numbers come out at what they want them to be, or more precisely what their paymasters want them to be.

Over the period of Brexit our economy has been pretty much in line with other G7economies of similar size, and we now have increased flexibility in the way we can take it forwards. Whether or not we will seize those opportunities is something that remains to be seen. But I am confident the Uk economy remains flexible and dynamic, and if we continue to make the right decisions we will see the benefits of that.

It's becoming harder and harder to sustain the narrative that Brexit has been catastrophic for the UK economy. The actual numbers like GDP really don't back this up.

That’s what negotiations are for. You don’t get to dictate what would or would not happen or would/ would not be agreed.

I'm sorry but I don't speak... Whatever that was. Can anyone else explain?

(Not you "to be clear")

Haha. Does someone not understand the difference between VAT and Tarrifs?

Only cause you used to pay VAT at source, now you pay it on entry. The overall cost hasn't changed just where you pay the VAT.

Maybe you aren't the person we should be listening to!

They need us in the euro to help maintain its momentum. The more large economies tied to it the less chance of it falling apart. Obviously they also need us to help finance the bailouts of the system too, which we are now out of.

If we went into it we would no longer be able to set interest rates in the interest of the country. So probably we would get a house price boom (as if house prices aren't stupidly high enough already) and probably a crack up economic boom like Greece had when they went in. The politicians would probably be unable to resist the urge to borrow at the new lower rates to boost their popularity, which would probably lead to a credit boom and a bust maybe a decade down the line.

Of course politicians could control all of this. But they won't. They would just kick the can down the road and hope the bust doesn't happen on their watch.