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Is a no-deal Brexit really worthwhile as UK GDP slips? [Copy link] 中文

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Post time 2019-8-11 15:13:33 |Display all floors
This post was edited by CeciliaQ at 2019-8-11 15:13

Today government statistics revealed that for the first since 2012, the GDP of the United Kingdom retracted in the second quarter of the year by 0.2 percent, a clear product of the growing slowdown created by business uncertainty pertaining to Brexit.


Economists have forecasted that total growth for the year is likely to amount to zero, and that the impact of a "no deal" result, threatened by Boris Johnson, would be certain to bring about a recession. In light of the news, the pound sterling immediately dropped against other major currencies, having already dropped significantly in recent weeks in response to the prime minister's policies.


Quite obviously, a retraction in GDP is the most clear sign yet of the impact that Brexit poses, as well of course a foreshadowing of the enormous risks and costs which lie ahead. This poses the question, is a no deal Brexit, or for that Brexit at all, truly worth it?


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Post time 2019-8-11 18:07:26 |Display all floors
Any recession and its not guarenteed is only expected to last a year. Ecnomies are very  robust at adjusting  if they have a flexible currency. The exchange rate will take the strain, and the country will get very competitive.....

unemployment continues to fall, and is now at its lowest since 1970

if you want something in life get off your backside, and do it yourself!! don't rely on others to do it for you

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Post time 2019-8-11 18:33:31 |Display all floors

It is the matter of the British people and the their governments in-fighting !  Let them be what they wish for in their dreams and inside their own country. Even if the Scots are wanting to breakout of the UK or the Irish folks wish to do that; we in Asia should not judge for as long as they mind their own business in UK !  

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Post time 2019-8-11 20:42:26 |Display all floors
Having secure borders again are worth it on it’s own let alone the debt that the other EU countries owe England , I’m sure that England will not be the last country to pull out of the EU
There are no Ugly women , only those with low self esteem .

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Post time 2019-8-12 09:05:46 |Display all floors
cyberspook Post time: 2019-8-11 20:42
Having secure borders again are worth it on it’s own let alone the debt that the other EU countries ...

The unelected mobsters at the EU are on borrowed time yes
if you want something in life get off your backside, and do it yourself!! don't rely on others to do it for you

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Post time 2019-8-12 17:01:02 |Display all floors
parcher Post time: 2019-8-11 18:07
Any recession and its not guarenteed is only expected to last a year. Ecnomies are very  robust at a ...
Any recession and its not guarenteed is only expected to last a year.


Another scenario is the UK economy would since stay in the red until a truly qualified figure comes to power.
BoJo and Farage are quite a character, but only of rabble-rousing type, who lack integrity and statesmanship.
Believe it or not, it's true.

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Post time 2019-8-12 20:36:25 |Display all floors
Liononthehunt Post time: 2019-8-12 17:01
Another scenario is the UK economy would since stay in the red until a truly qualified figure co ...

You should worry more about the imminent collapse of the EU explained in my thread that was rudely terminated this morning.....
if you want something in life get off your backside, and do it yourself!! don't rely on others to do it for you

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