The Brexit Effect

As we are all bracing ourselves for the Budget on Thursday, it is important to know that Brexit is now playing a huge part in this recession, and its consequences

'Brexit ‘damage’ is cause of ‘austerity budget’, says ex-Bank of England economist

‘The need for tax rises, spending cuts, wouldn’t be there, if Brexit hadn’t reduced the economy’s potential output’

As for Putin, we have never seen the full and unredacted Russian interference report. But we know that much

www.thearticle.com/the-russia-report-who-paid-for-brexit

Russia wanted to break up Europe so he could go on the rampage, and Johnson was with him most of the way. And probably shared very sensisitive security information when he went on a p*ss *p with the Russian oligarchs in Umbria, and had to give peerage to Lebedev to stop them spilling the beans. Blackmail probably.

This is massive, symbolically and politically. Yes, France has its issues, but it is recovering well, same as the rest of Europe, Slowly, but surely. As the UK heads for the deepest and longest recession in history.

''Britain has lost its position as Europe’s largest stock market, as Paris overtook London for the first time since records began in 2003.

While Rishi Sunak and his chancellor Jeremy Hunt prepared to announce tens of billions in tax hikes and public spending cuts in Thursday’s autumn statement, concerns over growth loomed large in Britain’s fall from the top spot.

According to Bloomberg, the combined market value of primary listings on Monday on the Paris bourse ($2.823tn) surpassed that of the London Stock Exchange ($2.821tn) – finally closing a gap of around $1.5tn which has been narrowing since the Brexit referendum.

In response, one recently-departed member of the Bank of England’s monetary policy committee – which is warning of the longest UK recession since the 1920s – lamented that leaving the EU has “permanently damaged” not only the City of London, but “the UK economy as a whole”.

Thank you MaizieD for the link to that very revealing interview with Phillip Hammond.

Yes thank MaizieD for sharing a very honest and straightforward article. Now...would any of you on here who called me (and others) a remoaner, told me to "suck it up" told me "we won, you lost, get over it" accused me of being unpatriotic..
How about an apology and an acknowledgement that you were wrong? I cannot express how angry I am at the impact your vote has had.on my future, my finances, my pensions. I am waiting.

HousePlantQueen

Yes thank MaizieD for sharing a very honest and straightforward article. Now...would any of you on here who called me (and others) a remoaner, told me to "suck it up" told me "we won, you lost, get over it" accused me of being unpatriotic..
How about an apology and an acknowledgement that you were wrong? I cannot express how angry I am at the impact your vote has had.on my future, my finances, my pensions. I am waiting.

I don't think that you'll get an apology. Most of the Leave voters don't come anywhere near Brexit threads...

It really is interesting to read the other interviews on that web site.

MaizieD

HousePlantQueen

Yes thank MaizieD for sharing a very honest and straightforward article. Now...would any of you on here who called me (and others) a remoaner, told me to "suck it up" told me "we won, you lost, get over it" accused me of being unpatriotic..
How about an apology and an acknowledgement that you were wrong? I cannot express how angry I am at the impact your vote has had.on my future, my finances, my pensions. I am waiting.

I don't think that you'll get an apology. Most of the Leave voters don't come anywhere near Brexit threads...

It really is interesting to read the other interviews on that web site.

I must be the exception then?

I will not apologise for how I voted.

If you want someone/something to blame start with Mr.Cameron who gave the U.K. the referendum without thinking it through.

I will not deny that Brexit is having teething troubles, as long as it is also acknowledged that the pandemic and now the war in Ukraine is having a major impact on the U.K. finances as well as the rest of the globe.

Both have brought to the forefront how reliant we are on other countries, it’s time to move forward and look at being self sufficient in energy (preferably renewables) along with looking at many other areas here where the U.K. can be more self reliant.

I'm sorry GG13, let me say that in advance.

But I do blame people who voted for Leave. It was plain that the whole idea was ill conceived and was going to end in tears. I do blame Cameron for having a referendum in the first place, but that doesn't excuse the Leave voters for not having the sense to see what was going to happen.

What we're seeing is not "teething troubles". This is our lives now. Leave voters made it this way.

No problem volver

Sorry from me too GG13

The disastrous effects of the brexit you voted for are not "teething troubles" unless you agree with Rees Mogg that we would have to wait for fifty years to see the "benefits of brexit"

As his psychiatrist asked "Mr Ress Mogg - these brexit benefits that you see - are they in the room now?"

Of course Brexit was a blunder seized on by Johnson as the route to power. He made Rees-Mogg Minister for Brexit Opportunities but I can't recall Rees-Mogg identifying a single one.

Fleurpepper

We can certainly say loud and clear now- without any doubt whatsoever, that no-one, just no-one, from the Government, Ministers, MPs and all of us the people knew what they were voting for.

So many MPs, businessmen, farmers, fishermen, and on, and on, and on - now say 'THIS is not the Brexit I voted for'. Brexit was totally unclear, totally loose, and based on so many lies and deception- and once voted for, could transform in any kind of beast imaginable, or worse, un-imaginable.

I don't think that is true. As I had said in the post just before yours, I could, as many could, see that whatever Brexit meant to the individual (and there were as many "Brexits" as there were individuals voting for it), it would never survive daylight. There were many who could see that and did know what they were voting for when they voted remain.

Sorry GG13 and thank you for having the courtesy to reply, but we all had the same barrage of information, all had the opportunity to do research. I agree with you about Cameron, a weak and ultimately cowardly man but I only had to look at the people promoting Brexit to understand that their motivation for promoting it was very contrary to my welfare, contrary to the benefit of anyone other than some extremely wealthy individuals.

Cameron has been ‘lucky’ . He presided over a dreadful referendum, badly phrased, with the Remain camp, supposedly his favoured outcome, so badly managed and outplayed by the Leave campaign.
Add to this his famous austerity programme, which continued under successive conservative pm’s. Cameron though, takes the prize for announcing the closure of Sure Start Family Centres. He stated these centres weren’t hitting the people who needed their support because families like his dominated, taking resources they didn’t need. Try telling that to social workers in Bury, Oldham, Blackburn, Burnley, Bolton, oswaldtwistle - that’s just a few in the north west, mirrored throughout the country
Yes Brexit is the disaster many of us predicted but it’s not the only disaster initiated by Cameron

At one time the then "minister for brexit opportunities" Jacob Rees Mogg was so desperate to find at least one "brexit oppotrunity" that he made a plea to the readers of The Sun to identify a "brexit opportunity". As far as I recall none of them did.

Interesting how Brexiteers, possibly former, still explain the problems caused by Ukraine and the pandemic. I don't think any other EU countries are suffering in quite the same way as the UK. Why is the UK so different?

Well if the problems the country is experiencing are just “teething problem”, I doubt I’ll still be around when the full set of choppers emerge.

There is of course one group that has benefitted immensely from Brexit.

Because of the volatility of sterling the currency speculators have made a killing. The close connections between MPs, even cabinet members to those companies, might lead a cynical person to suspect insider trading.

There should be a Public inquiry to examine just how much Tory MPs benefitted by currency trading.

Landmark speech by Michael Heseltine given at Liverpool university yesterday.

Outlines Brexit and the consequences as well as Tory policies that have got us to the state we are in.

Apologies I can’t do links, and it is far too long to cut and paste.

GrannyGravy13

MaizieD

HousePlantQueen

Yes thank MaizieD for sharing a very honest and straightforward article. Now...would any of you on here who called me (and others) a remoaner, told me to "suck it up" told me "we won, you lost, get over it" accused me of being unpatriotic..
How about an apology and an acknowledgement that you were wrong? I cannot express how angry I am at the impact your vote has had.on my future, my finances, my pensions. I am waiting.

I don't think that you'll get an apology. Most of the Leave voters don't come anywhere near Brexit threads...

It really is interesting to read the other interviews on that web site.

I must be the exception then?

I will not apologise for how I voted.

If you want someone/something to blame start with Mr.Cameron who gave the U.K. the referendum without thinking it through.

I will not deny that Brexit is having teething troubles, as long as it is also acknowledged that the pandemic and now the war in Ukraine is having a major impact on the U.K. finances as well as the rest of the globe.

Both have brought to the forefront how reliant we are on other countries, it’s time to move forward and look at being self sufficient in energy (preferably renewables) along with looking at many other areas here where the U.K. can be more self reliant.

Both have brought to the forefront how reliant we are on other countries...

As we will continue to be. No country is self-sufficient - all rely on trade with other nations, who have their own 'terms and conditions' in any deal.

The trade deal with Australia has left our farmers worse off.

The much lauded trade-deal with our special friend the USA hasn't even got off the starting blocks. And you can be sure that their policy of 'America First' is not going to give us the upper hand.

We left a huge market on our doorstep for pie in the sky.

As Jacob Rees-Mogg said, the benefits of Brexit may take decades.

Meanwhile, we all suffer the consequences of that "easiest deal in human history".

GG13 I hope you don't think I'm badgering you, but you seem to be the only leave voter who comes here and is honest about the way they voted, without getting into the "nasty Europeans took our sovereignty" rhetoric.

Would you mind telling us why you though voting Leave was the way to go? What did you think it would achieve for Britain?

Of course you do not have to answer, if you don't want to. Thank you.

Whitewavemark2

Landmark speech by Michael Heseltine given at Liverpool university yesterday.

Outlines Brexit and the consequences as well as Tory policies that have got us to the state we are in.

Apologies I can’t do links, and it is far too long to cut and paste.

www.europeanmovement.co.uk/lord_heseltine_delivers_the_heseltine_institute_inaugural_lecture_tung_auditorium_yoko_ono_lennon_centre_university_of_liverpool_tuesday_november_15_2022_5_30_pm

Funny how few people actually admit to voting to leave. Or who admit to voting Conservative. Maybe a little gnome changed all the votes in the middle of the night on behalf of the Brexiteers? My cousins in the UK voted to leave and said it was a North v South thing. They live in the North. My other London cousins voted to stay, more evolved, obviously.

volver

GG13 I hope you don't think I'm badgering you, but you seem to be the only leave voter who comes here and is honest about the way they voted, without getting into the "nasty Europeans took our sovereignty" rhetoric.

Would you mind telling us why you though voting Leave was the way to go? What did you think it would achieve for Britain?

Of course you do not have to answer, if you don't want to. Thank you.

volver I have posted many times that I was firmly on the fence. I had no problem with the original concept of the EEC, I was uncomfortable with the signing of the Maastricht Treaty and was not a fan of the prospect of A United States of Europe.

I am probably odd for someone who eventually voted leave as free movement of people was not a problem, (we have a European DiL and GC). Immigration has happened since the beginning of time, my problem is the way successive U.K. Governments have not put in workable and efficient processes.

What finally made up my mind was all 5 AC were voting leave, it was/is their future and for the first time in my life I put a cross on my ballot still wavering

Our area had one of the biggest leave votes did my X make much difference, probably not, but I do wonder how many others felt/voted like me?

I am disappointed with the dogs breakfast (apologies to dogs) that was/is negotiations post referendum. Perhaps I was over optimistic with regards to the calibre of the U.K. negotiating delegation.

I am not far right or far left will vote Independent in the next GE if who I think is running does so.

Thank you for answering GG13.

Of course your vote made a difference. Everybody's vote makes a difference, especially in a Yes/No referendum.