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Brexit will mean the UK is worse off for years to come under any deal agreed with Brussels
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MM
2018-11-28 17:34:03 UTC
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Brexiters, do not read further! For you will immediately say that the
Whitehall analysis produced today is just more Project Fear.

For Remainers and for those Brexiters who are now in some doubt about
the wisdom of their vote on June 23, the analysis makes for dire
reading, especially for young people who will have to live with the
consequences of Brexit while the OAPs who voted for it are long since
dead.

From The Times (paywall):

"Britons will be worse off under all Brexit scenarios with the economy
eventually up to 3.1 per cent smaller even if Theresa May gets her
preferred outcome, according to Whitehall analysis released today.

"The government released an 83-page analysis on the possible changes
to GDP, tax revenue and trade in about 2035, 15 years from the end of
the implementation period.

"It compares the potential impact on the UK economy of different
Brexit scenarios compared to staying in the EU and leaving without a
deal, as well as with or without dramatic migration restrictions.

"In the event that Britain controls its borders after Brexit and there
are significant migration curbs, the economy would be between 1.9 and
3.1 per cent smaller, according to Treasury modelling of the prime
minister’s white paper proposals for a 'frictionless' relationship.

"However the document acknowledges that Mrs May could struggle to
agree a 'frictionless' relationship after some in the EU rejected the
option. In a provocative move, it also models a scenario in which some
barriers go up at ports and restrictions are imposed on some imports
and exports, which resulting in a 3.9 per cent drop in the economy by
2035.

"Under a no-deal scenario, the British economy would be up to 10.7 per
cent smaller in the event of significant migration curbs; under a
Canada style trade deal it could be up to 8.1 per cent smaller.

"Brexit will mean the UK is worse off for years to come under any deal
agreed with Brussels, the chancellor has admitted.

"Philip Hammond said that even Mrs May’s Brexit deal will leave the UK
worse off than staying in the EU, although 'not by much'.

https://www.thetimes.co.uk/edition/news/all-brexit-options-would-hurt-uk-economy-9cvpnn32f

MM
BurfordTJustice
2018-11-28 21:32:24 UTC
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Maybethe government is trying to smooth the road for when they
refuse to leave the EU??



"MM" <***@yahoo.co.uk> wrote in message news:***@4ax.com...
: Brexiters, do not read further! For you will immediately say that the
: Whitehall analysis produced today is just more Project Fear.
:
: For Remainers and for those Brexiters who are now in some doubt about
: the wisdom of their vote on June 23, the analysis makes for dire
: reading, especially for young people who will have to live with the
: consequences of Brexit while the OAPs who voted for it are long since
: dead.
:
: From The Times (paywall):
:
: "Britons will be worse off under all Brexit scenarios with the economy
: eventually up to 3.1 per cent smaller even if Theresa May gets her
: preferred outcome, according to Whitehall analysis released today.
:
: "The government released an 83-page analysis on the possible changes
: to GDP, tax revenue and trade in about 2035, 15 years from the end of
: the implementation period.
:
: "It compares the potential impact on the UK economy of different
: Brexit scenarios compared to staying in the EU and leaving without a
: deal, as well as with or without dramatic migration restrictions.
:
: "In the event that Britain controls its borders after Brexit and there
: are significant migration curbs, the economy would be between 1.9 and
: 3.1 per cent smaller, according to Treasury modelling of the prime
: minister's white paper proposals for a 'frictionless' relationship.
:
: "However the document acknowledges that Mrs May could struggle to
: agree a 'frictionless' relationship after some in the EU rejected the
: option. In a provocative move, it also models a scenario in which some
: barriers go up at ports and restrictions are imposed on some imports
: and exports, which resulting in a 3.9 per cent drop in the economy by
: 2035.
:
: "Under a no-deal scenario, the British economy would be up to 10.7 per
: cent smaller in the event of significant migration curbs; under a
: Canada style trade deal it could be up to 8.1 per cent smaller.
:
: "Brexit will mean the UK is worse off for years to come under any deal
: agreed with Brussels, the chancellor has admitted.
:
: "Philip Hammond said that even Mrs May's Brexit deal will leave the UK
: worse off than staying in the EU, although 'not by much'.
:
:
https://www.thetimes.co.uk/edition/news/all-brexit-options-would-hurt-uk-economy-9cvpnn32f
:
: MM
BurfordTJustice
2018-11-28 21:32:32 UTC
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"The Iceberg" <***@gmail.com> wrote in message news:886eb679-06ca-4c17-b94c-***@googlegroups.com...
You hate the UK and just want Germany to run it, that's all, nothing else,
please don't pretend you care.
BurfordTJustice
2018-11-28 21:32:40 UTC
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"Fruitiest of Fruitcakes" <***@bungay.com> wrote in message news:***@news.giganews.com...
: On 28 Nov 2018, The Iceberg wrote
: (in article<886eb679-06ca-4c17-b94c-***@googlegroups.com>):
:
: > You hate the UK and just want Germany to run it, that's all, nothing
else,
: > please don't pretend you care.
:
: How can we be worse off than the £80 billion yearly trade deficit we have
: with the EU already?
:
:
JNugent
2018-11-28 22:00:59 UTC
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Post by MM
Brexiters, do not read further! For you will immediately say that the
Whitehall analysis produced today is just more Project Fear.
No.

You just aren't intelligent enough to understand projections (a/k/a
extrapolations) and their meanings.
abelard
2018-11-28 22:42:46 UTC
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Post by JNugent
Post by MM
Brexiters, do not read further! For you will immediately say that the
Whitehall analysis produced today is just more Project Fear.
No.
You just aren't intelligent enough to understand projections (a/k/a
extrapolations) and their meanings.
of course that is so...

but all this 'projection'/extrapolation is nonsense
--
www.abelard.org
Vidcapper
2018-11-29 07:10:08 UTC
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Post by MM
Brexiters, do not read further! For you will immediately say that the
Whitehall analysis produced today is just more Project Fear.
Since you realize that already, why keep posting it! :)
--
Paul Hyett, Cheltenham
The Marquis Saint Evremonde
2018-12-06 10:06:55 UTC
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Post by MM
Brexiters, do not read further! For you will immediately say that the
Whitehall analysis produced today is just more Project Fear.
For Remainers and for those Brexiters who are now in some doubt about
the wisdom of their vote on June 23, the analysis makes for dire
reading, especially for young people who will have to live with the
consequences of Brexit while the OAPs who voted for it are long since
dead.
More terrible news here. Strangely unreported in The Guardian, though:

https://economia.icaew.com/news/december-2018/foreign-investment-in-uk-hi
ghest-level

"Foreign investment in UK at record level
The UK remains a top destination for foreign investment, according to
the Office for National Statistics (ONS), with investment increasing by
12.6% last year
The value of the UK’s foreign direct investment (FDI) rose by £149bn
to £1.3bn in 2017.
The Department of International Trade said this was the highest level of
inward stock since records began. The department welcomed the news that
the greatest growth from any country came from Indian investors, rising
321% to £8bn. Stocks from Asia totalled £128bn, with investment from
Japan increasing 71% to £78bn.
But this was still a small proportion compared with the amount of
investment coming from the US, which increased by 19.5% to £351bn.
And while the US was the UK’s largest investor, according to the ONS
statistics, investment coming from Europe totalled £744bn, with £573bn
coming from countries in the EU.
International trade secretary Liam Fox said, “As we prepare to leave
the EU, foreign investors from around the globe are as confident as ever
investing in the UK."
--
The Marquis Saint Evremonde
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