Project Fear were wrong all along?

[MrsPeterParker]

With all the newspapers and economic reports screaming there is no/ only positive impact of brexit so far, do you think the Remainers were all wrong and needlessly projecting doomsday scenarios ?

TheForeignOffice

June 24 morning was a much better entry point when the market (and economists?) thought it would be a total disaster.

It is up about 20% from that point + dividends.

CeciledeVolanges

That is why I am am curious why funding is terminated.

I accept that there are significant uncertainness for EU funded science projects.

H2020 is around Eur 80bn over 6 years or around 13bn Euro/year (or £11.3bn). UK gets about 16% of that = 1.8bn.

It is not an impossibly large sum to replace.

They should give us money because we continue to put into the pot? Also, H2020 has non EU participant and so money in should also mean money out ?

Why does EU has to tie everything to the political structure though? Shouldn't academic collaboration be based on competencies ?

My husband's just lost his job from Brexit fall out. So has a number of people is his office.

I cannot tell you how much of a financial shit storm my immediate family is in thanks to Brexit.

(Other family members affected too).

On the other hand, UK Gov funding for HE (ok, so not just science) is about £5bn per year and then you have US NIH, Welcome Trust, Industry etc.

Can anyone please enlighten me on how much EU science funding is as a % of total funding?

topsy Horizon 2020 is a common strategic framework for all the EU's research and innovation funding. If we don't want to be in the EU, we don't want to be under this framework. "Brexit means Brexit".

Nice to see that Candide is alive and well and living in Winchester

Topsy sadly, my point regarding the balance of FTSE100 growth v cable and the gross impact on the population of the UK was apparently lost on you. No matter.

CeciledeVolanges

The programme seems to be funding a very large list of country. Many non EU. If you know how the programme works, can you please explain?

ec.europa.eu/research/participants/data/ref/h2020/other/wp/2016-2017/annexes/h2020-wp1617-annex-a-countries-rules_en.pdf

Brexit does not means cooperation or common sense exit. We are out of the political structure but we will still trade, share defence via NATO, exchange ideas (and have been doing so long before the EU was even conceived).

TheForeignOffice

No matter indeed. FTSE up FTSE down, Cable up cable down and life goes on and we continue to service our customers.

I'm afraid I don't know much beyond the fact that it is an EU programme, and what a quick look on their website told me. I'm a lawyer, but perhaps there is a helpful scientist who knows more.

Over 500 incidences of damage to uk science research logged with Jo Johnson. This is one story www.iopblog.org/researchers-begin-to-feel-brexit-impact/. There is more here, especially the latest news item, omn the importance of the EU science research strategy. scientistsforeu.uk

It is beginning to bite in the humanities too, as if the governments emphasis on developing STEM skills (why? when entry level jobs have now completely dried up and these graduates will go overseas) had not done enough damage. I can't find a link but Valerie Amos at SOAS has come out to highlight the impact on our ability to understand the Middle East and Asia, so much for looking outward being stifled rather than nurtured by the EU.

Oh and I am another who has lost an amazing world class Professor who felt the cultural desert of the mid west was preferable to post Brexit Britain 😕

So Alan Duncan tells us what we knew all along in that BoJo didn't want a Brexit win. How quickly will we get a Downing Street denial, which seems to be par for the course when either Fox, Johnson or Davis open their mouths to speak?

I would be less concerned about the Leave position if there was someone competent in government able to negotiate, but competence seems particularly thin on the ground at present.

"I'm really happy with the outcome so far"

???

They never said it.

They definitely never said it.

Nope.

Priti Patel also made some promises.
"Speaking on BBC Radio 4’s Today programme, Patel, who has been prominent in the leave campaign, said: “There would be more than enough money to ensure that those who now get funding from the EU including universities, scientists, farmers, regional funds, would continue to get money.”
That was straight from the horse's mouth.

Pressed on how Britain would spend the £160m a week it currently contributes to the EU, Patel confirmed that a post-Brexit government would spend £100m a week on the NHS. But she was vague about the remaining £60m, saying only that it would go towards cutting VAT on fuel."

"CONFIRMED" £100m/week. And that was a promise from someone in the government who remains in the government.

Well, they've been told off by the UK Statistics Authority! Awful lies.

These promises were just 'examples' apparently. I wonder if people will feel that their job loss is just an 'example' or if it will hit them hard.

Better start retraining as Trade Negotiators PDQ and then you will be assured of work for at least 10 years.

winchester has either been barricaded in the supermarket or simply can't back up the claim the NHS will 'obviously' receive additional funding and my anticipated costs were 'dross' so has flounced.

I know which my money's on.

We haven't left yet.

Our currency value dropped over 10% the day after the referendum, it's stayed that low since. It will drop again when Article 50 is triggered. And probably much more when we leave. RIP Great Britain.

If some people want to carry on believing it's all going to be ok, let them. The shock will hit them eventually.

But please don't say you haven't been warned.

RIP Great Britain

Oh come on, we'll always be the rock off the north west coast of Europe that is bigger than Brittany! No one can take that away from us!

You can take away our (banking) passport, but you cannot take away our resolve

Not going to bother reading the full thread but its rather hysterical OP that you can say "no/ only positive impact of brexit so far" other than the dramati fall in the pound, firms holding back investment, growth being at a lower level than it was expected to be if had not voted Brexit. On top of this we have seen a bit of short term chaos, often the "good news" has been a simple reverse of the bad news that happened immediately after the vote. The FTSE response is far more nuanced than posters seemed to understand, and a lot of it is based on intervention put in by the BOE.

Also is all, before anything had even happened, or anything decided, we haven't actually left the EU yet. When the predictions were made it was on an immediate declaration of article 50.

You can't say the predictions were wrong, because they were based upon a set of circumstances that have not occurred, YET.

To be crowing about it suggests, like with many on this board, that you don't really understand the arguments and are merely seeking confirmation for your bias.

Pound to Euro rate before referendum : 1: 1.25 (average)

Pound to Euro rate after referendum 1: 1.16 (average)

Please don't believe everything you read, although it is good for the current export market, it has also wiped billions of the UK markets.
This loss in value will have an departmental effect on the economy in the long term.