Do you believe David Cameron & George Osborne

[BritBrit]

So David Cameron & George Osborne have released several reports through the Treasury & Bank of England warning of economic chaos, hundreds of thousands of job losses & recession. But do you believe them or just view it as scaremongering?

The Treasury report from yesterday has been ridiculed in the press even by pro EU sources calling it fantasy land, scaremongering, fishy, economically flawed & says the report misses key issues

Sky- news.sky.com/story/1700769/so-whats-fishy-about-treasury-brexit-report

Guardian- www.theguardian.com/politics/2016/may/23/post-brexit-economy-george-osborne-eu-referendum

[dulcefarniente]

And much of it is debateable llijkk

[Winterbiscuit]

Conservatives In: Spot the Difference

[Turbinaria]

No. I'm far more concerned about the instability of the Eurozone and even though we don't have the Euro we still had to pay £58million in contributions to help bail out Greece last year.

The Eurozone is like a stack of cards at the moment with economies such as Spain, Portugal, Italy all still very shaky if one of them implodes they will take everyone else in the EU with them. And I haven't even factored in all the recent accession countries or Turkey, Albania, Serbia Kosovo Montenegro who want to join.

If the EU was made up of just politically and economically stable countries then remain would be much less of a risk but now the analogy is more like sharing a house and a joint bank account with a number of people you don't really know with poor credit ratings, in deep debt, no savings, low earnings and lack of long term prospects. If they hit the buffers you will end up being held responsible for the whole she-bang

[OTheHugeManatee]

Whether or not Gideon can do maths is irrelevant - the doom and gloom economic stuff is not the issue. The referendum is about being part of a political union and that's what the debate should be about. The fact that Osborne and Cameron keep trying to make it about anything but tells me loud and clear that they don't like the arguments for remaining in a political union, as they don't really believe in this mythical 'special status' achieved by Cameron's nonexistent 'renegotiation' and don't want anyone else thinking too hard about it either.

[claig]

'Do you believe David Cameron & George Osborne'

I'd sooner believe Arthur Daley (little dody maybe, but underneath he's alright) than that duo of tricksters and slicksters.

The more Cameron enunciates emphatically woth a reddening face, the more obvious and transparent it all gets and the longer his nose seems to grow.

[Turbinaria]

Apologies but I stand corrected, the actual amount the UK contributed to the Greek bailout last year was £850 million

[SpringingIntoAction]

I have concluded that the EU is pretty similar to a religious cult. It is exclusivist, it proselytises in order to gain new members and it threatens to punish deserters.

Hear hear. That's one of the best descriptions I've heard of the EU.

Uncertainty is what allows people to build and lose fortunes. If the market remained totally stable and totally predictable then we would sail merrily along the same trajectory, nobody would ever get rich, start business, lose market positioning, take risks. But that is impossible as all markets are unpredictable - who forecasted the banking crisis?

Sometimes you have to take a risk - did West Germany hesitate before it reunited with the DDR? Did we say to China - no, you can't have Hong Kong back because it may harm the UK? Did Mrs Thatcher not worry before the Big Bang in the City of London?
We survived all these.

I've heard that Brexit will cause a recession greater than the Great Depression.

I've heard that contradicted by nother economist who said it was hardly be noticeable.

The only thing these economists can agree on is not to agree.

Anyone who has worked for a large organisation fr the Government knows that you can model figures and facts and assumptions to come up with any scanario you wish. The Treasury have strayed from their usual predictions and just given us the bleak and the bleaker - which suits their employer (the Gvt's ) case, so no surprise there the,

And I find it hilarious when people get so worked up about economists casting chicken entrails. They forget that if we remain in the EU somebody else will eventually be running our economy and making polices that will have a very adverse impact on that same economy of ours we are so desperate to protect. They don't seem to realise that when we hand over control to the EU to meddle deeper and deeper in our national affairs we are giving up many of the tools we need to ensure our economy remains successful.

Some things like sovereignty and self-determination are priceless.