The EU debate - Part III

More DOOOOOM and GLOOOOOM

A deluge of data has shown Britain's economy has not been hit by the Brexit vote and now is likely to do better than previously expected, accountancy giant PwC said today.

UK GDP growth is now set to increase by 1.8 per cent in 2016, from a previous forecast of 1.6 per cent, according to the firm.

It comes after Britain's service sector recorded a record jump in output last month, while manufacturing reached a 10-month high.

 

PwC release

http://pwc.blogs.com/press_room/201...nd-eastern-europe-could-be-longer-term-w.html

 

Don't worry! He's not coming back.

I love it here. In the highly unlikely event that I have to adopt Spanish citizenship to stay, I will.

I've absolutely no wish to spend my retirement freezing my arse off over there!

 

Seems that you didn't read down far enough or did you only read rhe bit that the Fail reproduced

 

Link?

Actually don't worry, steve has provided the link for the original article, not the Daily Mail/Express simpleton's spin article.

 

And would you say that the EU is more or less likely to go down this road without the UK?
Having a strong voice that opposes the overreach has always been a good thing.
Being able to do so without idiots like Farage failing to show up would be even better.

He's about to start working for Putin, by the way. RT have offered him a show.
Think of him as a modern Lord Haw-Haw, spouting the propaganda of a dictator to mislead his own people.
What a patriot.

 

Well they got the first bit wrong, so the last bit is a bit pointless at the moment. Nobody knows even the so called experts

 

Your being a bit hard on them if you feel an adjustment of 0.2% is getting it wrong. Given the data I'm surprised it isn't more and I'm wondering why the pound has lost 1.5 cents in the last two days.

 

That will soon change
ECB has done nothing and euro shares have dropped because of it

 

Both Harold MacMillan and Edward Heath's govrs did exactly that for the British motor industry, amongst others.

It was Margaret Thatcher's govt that comprehensively severed the post war social consensus and floated the still dominant philosophy by which every aspect of trade and industry, as well as public services, are left to the vicisitudes of the free market.

 

Do you never consider going to the source of the information or are you happy just being fed spin by the Mail?

 

What do you expect, when a campaign demonises people that actually know what they're talking about.
There's a disturbing amount of anti-intellectual and anti-science nonsense in politics at the moment, for some reason.

 

ECB says carry on as before, no need for more stimulus and Euro stocks look like finishing the day at second highest level this week. Not sure I can read a huge amount from that.

 

The problem that the EU has, which I alluded to yesterday, is the Euro. You simply cannot continue ad infinitum with a central monetary policy and each individual single currency member operating their own fiscal policy. The results are chaotic, as we've seen.

So, what's the answer? Well, the arch federalists would say total fiscal integration, of course. That's been their aim all along, a United States of Europe. Their problem, in their arrogance, was that they thought that they could either sell this to the European public, or just ignore their opinion. These are politicians we're talking about, after all.

The problem for the arch federalists is that since they hatched their plan many years ago, the Internet has come along. People are generally far more informed about what's going on, and are able to read the views of those who know far more about these things than they do. Not good for the federalists, they didnt want people too informed. It dramatically lessened their chances of pushing their scheme through with as little fuss as possible.

As Juncker himself admitted publicly, recently, there is very little appetite for this grand scheme of theirs amongst the people of Europe, and they know there no way they can force it through. It's politically unachievable.

So, what can be done? Well, there is already a fiscal framework in place via The Stability and Growth pact, but that's clearly failed. I think this article explains why its failed, and that as full fiscal integration is politically unachievable, has some good ideas as to a possible alternative. It would require fiscal discipline from all, if that's not an impossibility!




http://bruegel.org/2016/04/how-to-reform-eu-fiscal-rules/

 

I meant in living memory mate, and I'm not that old

Joking aside I should have said since 1979

 

The goal of a federal state is one of the reasons I've been wanting out for long enough.

 

I've always been against the ideals of the Federalists, but I've never considered it reason enough to want to exit the EU as it stands.

As they couldn't bring in genuine Federalism via stealth and we'd never opt for it, therefore if it ever got to that point I think there'd have been virtually universal backing for withdrawal.

 

I'd agree with that, Tobes. If Juncker and his allies had ever looked like getting their way, then I'd have said enough is enough.

But there was no sensible ( sorry!) reason for leaving at this time.

 

I think that there's still an under current pushing it further towards it. We've gone beyond a level of it that's further than I want to be anyway.

 

This could be Pete's ticket out of his Mitcham HMO slum.

Top Brexit negotiator will cost UK taxpayers £750,000 a year
The UK government will have to fork out a staggering £750,000 ($1m) for a top negotiator to lead Brexit talks, Liam Fox was warned today (8 September).

http://www.msn.com/en-gb/money/news...0-a-year/ar-AAiDTGk?li=AA54rU&ocid=spartandhp