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The pain and gain of Brexit vote: British economy a year on

11 Comments
By CAROLINE SPIEZIO and PAN PYLAS

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11 Comments
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The pain, without any doubt is sovereign debt and unemployment, especially amongst 18 to 25 years olds, Euro stats own figures. This is the readily. The propaganda of Brexit is a means to hide some harsh truths.....    

http://ec.europa.eu/eurostat/statistics-explained/index.php/Unemployment_statistics

2 ( +2 / -0 )

That 350 gazillion pounds a week we'll be saving will sort everything out. The Germans will be made to suffer when we can no longer afford their luxury cars. We'll teach the bleedin' French. Back to the shilling and proper measurements in feet and inches. Love Thy Neighbour and Alf Garnett back on the telly. An Austin Allegro in every garage.

Backwards, into the dark!!

11 ( +11 / -0 )

Calm BB, it's Donald's retarded brother Bojo. He was spirited out of NY and sent to a posh boy school in England years ago...

9 ( +9 / -0 )

Madverts - Did you mean to say "Calm down, BB"?   Oh, and it ain't nice to make fun of Trump's brother who died as an alcoholic at the age of 43.

-8 ( +1 / -9 )

Hi Madverts, there are a number of bill that need to progress through both chambers,the repeal, customs trade, immigration, fisheries, agriculture to name but a few. All without a clear majority. The people of the UK will have to be a return to the poll at some point or another. Even with a resurgence in Scotland, those MP's are not in a hurry to support Theresa May's Government in Westminster

2 ( +2 / -0 )

If Brexit fails, it will be the biggest mistake in UK history. However, if it succeeds, the pound might recover, runaway inflation could be brought back under control, Toblerone bars will go back to their original size, and Brits might be able to get back the standard of living they enjoyed just last year. It seems like only a nation with betting shops on every street corner would take this sort of gamble.

1 ( +2 / -1 )

There has been no real intervention by the BOE monetary policy committee or the ECB in respect to strengthen sterling value against the euro or raising interest rate. Sterling trade weighted fall is around 13%. The Euro-zone main economies are showing real signs of improvement.

It is difficult to deny that the UK leaving without a deal would be economically and politically catastrophic.

We could work through the numbers and outcomes now. The EU budget would implode. Every sector would be affected the Multiannual Financial Framework would have to be completely revisited. The single market would face a whole series of restriction to trade through barriers and tariffs. The common agricultural policy would have to be completely restructured through all 27 remain states. Worst of all would be the effect on markets confidence and how this would reflect on sovereign debts.

Multiannual Financial Framework adjusted for 2018

http://ec.europa.eu/budget/mff/figures/index_en.cfm

So a interim fudge agreement is the escape route for possibly four or more years, as Hammond has already suggested. UK carries on paying in, and benefiting from single market access.

3 ( +3 / -0 )

Oh, and it ain't nice to make fun of Trump's brother who died as an alcoholic at the age of 43.

Madverts was making fun of the elitist, over priviliged, racist buffoon who is better known as Boris Johnson. As you well know.

6 ( +6 / -0 )

German Chancellor Angela Merkel lead EU can't discriminate against British in trade deal because German has exporting many products to UK and it worth $ 94 billion. Germany can't lose its lucrative trading partner and UK needs to use tip for tat strategy with EU when they negotiate trade deal.

0 ( +1 / -1 )

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