frigidweirdo
Diamond Member
- Mar 7, 2014
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This isn't just a "dip in the market", the whole point is that it's a dip for a reason, and it could easily signify a dip for a long time. This dip is about confidence.
If the UK leaves the EU, that dip in confidence could last years. That's a lot of money that otherwise wouldn't be lost.
We're talking hundreds of billions of pounds a year, and that will have an impact on jobs, on spending, on everything.
Trying to pass this off as "nothing" is simply not going to wash. This is almost certain to happen.
The Greek crisis is an example of where low confidence has a massive adverse effect. The EU were wrong to let Greece into the Euro, they knew this would have an adverse effect on the economy, but went ahead anyway, just as leaving the EU would have the same impact for the UK.
Timing is against you in this.
Suppose that the Brexit side won. We'd immediately cut all ties that very day ?? NO ... it'd take months or years of procedural wrangling to finally arrange the cutting of the cord.
This is time we can use to create other business links, outside. Indeed, the two may overlap, and for a while, we'd benefit from trading with both the EU, AND from outside it, simultaneously. I think that once the markets see that happening ... all jitters will fade to nothing.
No, I didn't say the UK would cut all ties. That's the PROBLEM.
So, if people know the UK is going to leave, and there's a process for this of two years. That's two years of lacking confidence. That's two years of the pound not having the confidence. We know what happens when people lose confidence, don't we?
Even using this time to create new links, or rearrange old ones, is going to be a very difficult time. Loss of jobs, loss of value in the pound, loss of money in the treasury, as the Chancellor said, and which the Brexit people have rejected, simply because they can just reject it, and not because they actually know.
There will be 'hiccups', no doubt, just as there is whenever any new arrangements are made, anywhere, in any way. But I disagree with you. Our progress in creating new trading ties will increase, not decrease, confidence in us as time goes on. We'll have residual trading with the EU (and probably some, maybe much, of that will be preserved). We will create other opportunities. We will be seen to succeed in this, and we will undoubtedly get new jobs come into the UK on the back of it. How do you know we will lose more than we'll gain ? You've no way at all of estimating that outcome.
And we'll stop paying outlandish membership fees to the EU, year-on-year, on top of it all ! Yes, I think we'll be a lot better off in the longer term.
"hiccups" that could cost the UK 500 billion a year or more, in order to save paying 11 billion a year.... and this could last for two or three years and the subsequent impact this has on employment and confidence later down the line. Plus the chance that the UK has less trade in the future. As I said, trade increased massively with countries that joined the EU. This could just diminish as it had grown.
Trading ties might increase over time. They might not be as good as they were under the EU, especially with EU countries.
You talk about the outlandish fees, but they are nothing compared with what the UK will lose.
If it lose 500 million a year for 2 years, then this is 100 years worth of EU fees.
'Could' this ... 'could' that .... really, this is all speculation on your part. Alarmist speculation at that.
When you really get down to it, the anti-Brexit side has been foisting alarmist, scaremongering stuff our way pretty much from day one. We're supposed to be scared of standing on our own two feet, as a 'standalone' political entity. So much better THAT outcome, eh, than to have autonomy. The freedom to be ourselves, and not just some satellite of the EU !!
Of course it's all speculation. That's what we're dealing with here.
However I'm basing my speculation on facts that have happened.
We know the pound has dropped against the Euro in the last 2 weeks, that amounts to the UK losing 100 billion a year in trade, even without a reduction in trade. I've shown you possible outcomes. If the pound drops to 0.7 against the Euro the UK will lose 500 billion a year. This is not speculation, this is the reality. The reality you and the Brexit people have been ignoring.
All the Brexit people have done, and you are doing too, is to shout down anyone or anything they don't agree with. Obama comes and says his piece "oh, you can't listen to him, he hates Britain because he moved the bust of Churchill from outside the Oval Office", the Chancellor says the treasury will have less money and have to increase taxes "oh, this is scaremongering", when in fact it actually looks like the most likely scenario.
How can this be the Brexit's main argument?
Scared of standing in your own two feet? I'd be scared. Why? Because almost every argument the Brexit people have, it appears to be the UK GOVERNMENT who have messed things up, and not the EU (welfare, immigration). Because they're talking about saving money, and the reality is the UK is not going to save any money. As I pointed out, if the scenario of losing 500 billion happens, which is an easily achievable scenario for the UK, then it's 100 years before that outweighs the cost of being in the EU right now.
You're speculating, you've been telling me how wonderful things will be. And I've pointed to Helmut Kohl doing the same thing, and this leading to Germany having 25 difficult years.