To feel really positive about leaving the EU

[kitty1976]

I know there has been lots of fear stories but in a few weeks since the vote we have managed to get a new PM who seems more than capable and we are now in control of our destiny without being ruled by an unelected and unaccountable EU. The EU has for a long time been a basket case and has condemned much of the youth of Southern Europe to decades of unemployment, it's a relief to be out. Do remember we are now free to negotiate our own trade deals with the rest of the world and most countries are not in the EU and seem to do well. There have been so many fear stories which have been peddled by self interest. I wonder in 5 years time how many remainers will be asking to rejoin the EU!!

You know this 5th/6th thing is very random. It is not an exact science and there are several ways of estimating it.....I am sure we are 5th or 6th (roughly) :)

Twofingers

The EU did negativity affect the working class of this country by insisting that we had to allow companies to bus workers in from poorer countries and force them to house share etc instead of upping wages and conditions to attract native workers ero displacing the native working class from employment and causing wage deflation here and brain drain over there resulting in the fastest ever period of wealth growth for the 1%.

Larrygrylls - I think we could also add Italy and Greece into that hypothetical mix. Not forgetting that IF Scotland were successful in negotiating a deal to remain then they, unfortunately, would be expected to dig deep into their coffers and I think that would be financial suicide for them.

But like you say we can only hypothesise at the moment and no side can claim to be right for quite some time to come.

You've missed the point Yeeeooo. The austerity in this country is nothing to do with the EU and everything to do with our own government policy. Good for you if you think we will see a real difference after Brexit proper, particularly if industry is affected. You realise that outsourcing of our work is also a major problem (call-centres in India etc.) Again, nothing to do with the EU and everything to do with the greed of businesses.

How did the EU make us 'force' people to house share?

And zero hours contracts aren't an EU initiative either.

Yeeeoooo

We are sixth now. I'll try getting you a screenshot when I have time.

Yeeeoooo

We are sixth now. I'll try getting you a screenshot when I have time.

Time,

I didn't add Greece as it will probably exit and Europe can survive it. Even if bailed out, it is affordable.

Italy could go, yes, but less likely...

It is funny really all the experts said not joining the euro was going to be the downfall of our economy but that turned out to be far from the case!!! But on Mumsnet there are some of the world's leading economists who know even better!! It will be interesting how many of these people who comment have any type of financial qualification!!!

You see, I have no patience for people conflating the right wing tory government's austerity measures (criticised by the UN as against human rights) with the EU. Our membership protected us from some of the worst excesses that the right would impose on us in the name of austerity, which is a load of horse shit anyway. a country doesn't work like a family, it's not good economic practice to "tighten our belts" in a downturn. www.theguardian.com/business/ng-interactive/2015/apr/29/the-austerity-delusion
There's plenty of information out there, if you're a right wing neoliberal and are happy with all that, fine but it really is depressing to see people totally misunderstanding basic truths about politics and the economy.

So you're quite happy with the state of the economy, post-Brexit are you kitty? Good thing you're not in charge then I mst say.

Larry - yes Greece could be absorbed without too much of a problem. Do you think Italy is less likely than Spain? I have been researching/keeping an eye on Italy's situation over the last couple of months and it makes for some uneasy feeling, I have to confess to not focusing as much on Spain recently so not I'm not up to speed there.

Kitty, we've only been in this predicament a couple of weeks. Shall we just wait and see what happens?

Every few days, one or the other Leave posters come back here and give us all a good laugh 😹

Ah, by the way op Bank of England is decreasing rates from next month they have said.

The bank of England said they will be decreasing rates from next month? Any link to this frankly shocking news? Usually every quarter that decision is it not? Also this revelation has flown under the financial markets radar!

Puts this here and hides...

www.bankofengland.co.uk/publications/Pages/news/2016/007.aspx

Always worth reading the meeting minutes.

yeeeooo
They have indicated its their intention from next month or so. I think they are waiting now for the political upheaval to subside a bit. That's a good move in the current climate. What else they can do honestly? They warned the Leave voters it will happen.
I still suspect a huge number of Leave voters (most certainly the ones I happen to know!) are going to have no clue as to what the rates or their increase or decrease means for a common citizen.

Interesting globetrotter. It will also be interesting to see post Brexit, if a reduction in Vat could have a tangible effect on mitigating any upward inflationary adjustment that occurs and the effect on consumer confidence. Especially as the government should in theory (post Brexit) have tighter control over the VAT imposed. Additionally VAT at 20% currently cripples small/medium sized businesses and inhibits growth in that sector.

It is important to never forget how much employment/economic contribution can be generated by the growth of new enterprise, if of course, it is allowed to grow!

Oh, and reduction in corporation tax also helps encourage investment.

Globetrotter thank you for the link, the publication and minutes made for interesting reading. I hope that will go some way to reassure people (at least in the very short term) especially given the magnitude of events over the last 3 weeks. It will be interesting to see if the report and minutes of the August meeting will be of the same ilk (although I am well aware that plenty of turbulence is to be expected as we go along). I wish people would have a bit more faith in this country.

On the downside - this report has not done much for my blood pressure where George Osborne is concerned

lovelysummer
I wish I could make at least an educated guess about all that. I just don't trust the Tories enough for this. I think it's all going to be a very long and hard struggle from now on considering the record of Cameron.

In my field though, I can reassure you that the majority of money was generated by my European colleagues. Our team had only two Britons in it. I don't think we could have accomplished even 25% of what we did so far without them. There simply wasn't any British candidates for those things. We have a terrible lack of expertise in STEM that is very much needed for a sustainable growth in my opinion. I really hope I am wrong but I don't think I am.

Ohwhat - yes to both VAT and Corporation Tax reductions, this would be a very positive move by the Government if they were to implement this.