If the richest people suck all the money out of the economy and put it in assets, what do you think happens?
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logical step for Labour is to reverse Brexit
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Brexit has done its damage and continues to this day. Fortunately there are less greedy people attempting to reverse the damage and get back on board with our closest and best trading partners. Not everyone is intent on self destruction.
According to most economists, most businessmen
by 2025 brexit has
1) reduced Uk gdp by 6% to 8%
2) reduced investment by between 12% and 18%
3) reduced employment by 3% to 4%
4) reduced productivity by 3% to 4%
this is a key factor in why Labour govt are having to increase taxes to meet the cost of public services, it also is a key reason why economy is flatlining
but no doubt the right wingers on here who voted for Boris Johnson will carry on blaming Labour for the current situation
This paper examines the impact of the UK's decision to leave the European Union (Brexit) in 2016.Using almost a decade of data since the referendum, we combine simulations based on macro data with estimates derived from micro data collected through our Decision Maker Panel survey. These estimates suggest that by 2025, Brexit had reduced UK GDP by 6% to 8%, with the impact accumulating gradually over time. We estimate that investment was reduced by between 12% and18%, employment by 3% to 4% and productivity by 3% to 4%. These large negative impacts reflect a combination of elevated uncertainty, reduced demand, diverted management time, and increased misallocation of resources from a protracted Brexit process. Comparing these with contemporary forecasts – providing a rare macro example to complement the burgeoning microliterature of social science predictions – shows that these forecasts were accurate over a 5-yearhorizon, but they underestimated the impact over a decade.
source here
National Bureau of Economic Research
Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, and business professionals.I was ignorant of the facts at the time.
According to you….you had the facts but couldn’t understand them.
In reality, you were ignorant of the EU, the Single Market, the Customs Union, non tariff barriers and you are still ignorant now.
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did you read it?According to most economists, most businessmen
by 2025 brexit has
1) reduced Uk gdp by 6% to 8%
2) reduced investment by between 12% and 18%
3) reduced employment by 3% to 4%
4) reduced productivity by 3% to 4%
this is a key factor in why Labour govt are having to increase taxes to meet the cost of public services, it also is a key reason why economy is flatlining
but no doubt the right wingers on here who voted for Boris Johnson will carry on blaming Labour for the current situation
This paper examines the impact of the UK's decision to leave the European Union (Brexit) in 2016.Using almost a decade of data since the referendum, we combine simulations based on macro data with estimates derived from micro data collected through our Decision Maker Panel survey. These estimates suggest that by 2025, Brexit had reduced UK GDP by 6% to 8%, with the impact accumulating gradually over time. We estimate that investment was reduced by between 12% and18%, employment by 3% to 4% and productivity by 3% to 4%. These large negative impacts reflect a combination of elevated uncertainty, reduced demand, diverted management time, and increased misallocation of resources from a protracted Brexit process. Comparing these with contemporary forecasts – providing a rare macro example to complement the burgeoning microliterature of social science predictions – shows that these forecasts were accurate over a 5-yearhorizon, but they underestimated the impact over a decade.
source here
National Bureau of Economic Research
Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, and business professionals.
www.nber.org
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Yes
I should have said
A (any) low paid worker (on minimum wage or zero hours).
It's a shame that so many are trying to pretend low pay doesn't happen
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Like a union ?
The employers hate it. The public hates it too if it's jobs paid by the government taxes
If a job is worth doing, should the wage not be enough to live on ?
You will never be able to weasel out of the fact you YOU voted for brexit You were fooled by Farage. I was not.
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Unions have control over more than just pay.
So you understand that this causes fewer jobs and higher inflation?
The wealthy extracting money out the economy causes inflation abd a stagnating economy
Great so how would you fix it - you have said you are not a fan of Labour but wont say who you would actually really want to vote for if you could.
No mention of Reform............youve given the game away
many of your posts are about Reform, you have never made any negative comment about them at all..........also most of your beliefs are in line with them
Why dont you be honest and admit you are a Reform supporter?
not true
