What's worse (or better) for the economy, Brexit or Corbyn?

[KenDodd]

Anyone got any proper expert predicted numbers on this?

Sick of seeing loads of know nothing posters who are clearly as poorly qualified (or worse) than I am to answer this, spouting I'll informed nonsense. Very grateful for links people might have or expert knowledge (I know there are also some very well informed on here as well) people might have.

Btw I know Brexit isn't all about the economy (it isn't for me either, NI is much more important imo) so respect posters veiws that it should happen regardless of the cost. I just want to focus on the money though.

If Corbyn wins there will be a crash in house prices, a huge rise in unemployment and rampant inflation. The country will be stuffed for many years.

Brexit is worse. Even FT and Bank of England prefer Corbyn.

The Labour Party want to give more money to low paid people and this will stimulate the economy. When low paid people have more money, they spend it in their local community and part of that money goes back to the government in tax, national insurance and VAT.

The more money that is invested in the local economy, then the more it stimulates it.

I know most (all?) the economic impact studies have said Brexit will be bad for the economy, any research on Corbyn's policies?

Labour plans to impose 83 billion per year in new direct taxes, which according to the IFS will raise overall taxation to levels not sustained since WW2.

Then there’s the hundreds of billions that will have to be borrowed to fund their uncosted nationalisations, which they plan to start within their first 100 days in power...

I don't get all the posters, on various threads, saying they won't vote Labour because Corbyn will ruin the economy, completely ignoring Tory Brexit and the economic damage that's predicted to do.

Can't stand Corbyn myself but would like some proper numbers Brexit v Corbyn re: the economy.

Corbyn.

@colouringinpro
Thank you. Do you have a link for that?

Brexit is far worse for the economy than Labour. Brexit is forever. It'll effect our children's generation for the rest of their lives. Our children will suffer the effect forever.
A Labour government who will invest in public services will benefit us all.

Brexit

Brexit much better.

Under Corbyn we'd be FUCKED

Brexit. No costing in the Conservatives’ manifesto for that. The government have refused to release their own economic impact assessments for it - so you know that they don’t want us to know how bad it will be.

@Speckledhen10 OP was asking for expert figures, what's your prediction based on exactly?

The choice is not Corbyn vs Brexit though. If Corbyn is voted in then there is still a fair chance we'll get Brexit (albeit that it may be a softer Brexit).

I know. I have seen the economic damage of Brexit ranked, I think it was by the FT but research from some other organisation, can't find the link though. Anyway, ranking of damage I saw, from most damaging at the top to least damaging (but still damaging compared to no Brexit) the bottom
No deal
Boris's deal
May's deal
Continued uncertainty (stalemate, we're now in)
Soft Brexit, cu + sm (Corbyn's deal?)

Haven't seen any economic impact reports into Corbyn's plans to compare, side by side with Boris's deal/no deal Brexit.

www.google.com/amp/s/amp.ft.com/content/d29b4cbe-0fa4-11ea-a225-db2f231cfeae

www.google.com/amp/s/amp.theguardian.com/commentisfree/2019/sep/21/bankers-corbyn-tories-no-deal-capitalism-radical-government

Thank you.

Thinking about it I suppose Corbyn is a moot point, he's not going to win a majority to get his policies through.

Corbyn is much better. Did you read the letter in the FT when 163 economists said Labour understands the nation’s deep-seated problems and has devised a “serious programme” for dealing with them.

he group, which includes professor David Blanchflower, a former member of the Bank of England’s Monetary Policy Committee, and Victoria Chick, emeritus professor of economics at University College London, savaged the record of the Conservative and coalition governments.

In the letter published the group said Labour’s plans to invest in homes, schools and infrastructure make “basic economic sense”, partly because borrowing costs are at a historic low.

Why is it so hard to find clear answers to this very reasonable question, do you think, OP?

Who benefits most from obfuscating facts?

@AiryFairyMum

No, I couldn't read it in the FT, just googled though and found it in the Independent.

www.independent.co.uk/news/business/news/general-election-labour-economy-spending-corbyn-boris-johnson-a9218041.html

It's clear by the way the Pound has been rising over the past 2 weeks that the markets prefer a Tory government and Brexit to a Corbyn government (source: www.bbc.co.uk/news/business-50656107).

Pretty obvious really, Corbyn would do untold damage to Britain.

Oh by the way, talking about the EU and politics when the Con-Lib Dem coalition took power in 2010 the Pound was trading at 1.16 against the Euro. Today it trades at 1.18, a rise of 2% over the period, the start of which pre-dates the Brexit vote by nearly 6 years.

So "despite Brexit", the Pound is actually up against the Euro due to sound government economic policy and management.

Labour would undo this within their first few months of government. Do not give them the chance to fuck up our children's lives.

Voting for Corbyn isn’t a vote to stop us leaving the EU

The plan is to work in a better deal and then put it forward for public vote

Would the deal be better I don’t know but I’m quite sure leave voters will back it against a remain vote and I don’t believe many people would think this is the last vote on be matter

What a dire state when we are even having to think about who will damage the economy least and it seems generally accepted the both will cause damage the debate is just how much. I don't know anybody still saying Brexit will be good for the economy and don't know anyone who has ever said Corbyn will be.

My view is probably a little off because I visit businesses for work and know a fair few exporters packing up to leave the UK because of Brexit, not heard any of them say they'll leave because of Corbyn but I suppose it's early days, also there isn't a realistic prospect of him winning a majority.