this post was submitted on 01 Jul 2023
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UK Politics

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Snapshot of Eurozone inflation falls to 5.5% in sharp contrast to UK. Economists put reason for divergence down to Brexit and Britain’s energy price guarantee.

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[–] [email protected] 0 points 1 year ago (2 children)

Lol, you are like most remain voters I encounter, you like the idea of the EU, but don't actually know anything about it. Of the 3 current federations, which one would you like the EU to become? Russia? China? USA?

Ok. Let's do some simple maths re wasted money

66b wasted plus 66b opportunity cost plus 66b to redo the work that was meant to have been done. That's 198b... And that assumes biodiversity hasn't got worse, which it has, so it will cost more. Why do you defend failure?

And no, the UK hasn't spent 200b on brexit. You are demonstrating stunning levels of economic illiteracy now.

When I present you evidence of EU incompetence and corruption, you claim this as evidence of competence and purity. πŸ˜‚

How about UVL and her disappearing texts?

https://www.politico.eu/article/new-york-times-sue-european-union-ursula-von-der-leyen-pfizer-texts/

And no, I won't defend yet another power structure, I'm not a nationalist, I think all politicians have the opportunity to be corrupt, I don't think that them being in Westminster or Brussels makes a blind bit of difference. You just prefer corruption with a nice accent and better coffee πŸ˜‚.

[–] [email protected] 0 points 1 year ago* (last edited 1 year ago) (1 children)

undefined> Lol, you are like most remain voters I encounter, you like the idea of the EU, but don’t actually know anything about it. Of the 3 current federations, which one would you like the EU to become? Russia? China? USA?

Mate one of the first posts you made on this contained 2 factually incorrect statements and none of your links have backed up your claims.

If me pointing this out makes me a typical remain voter, well I suppose that shows just how much more informed we are than you typically Brexit blind types.

66b wasted plus 66b opportunity cost plus 66b to redo the work that was meant to have been done. That’s 198b…

Oh well in that case, Β£200 bn lost, plus 200bn to re do all that work when we do eventually join and then another eleventy billion for things I made up just like you.

And no, the UK hasn’t spent 200b on brexit. You are demonstrating stunning levels of economic illiteracy now.

OBR says otherwise.

You've already demonstrated you're willing to make incorrect statements (charitable) and unsupported claims, bit rich to be saying anything about others literacy.

When I present you evidence of EU incompetence and corruption, you claim this as evidence of competence and purity.

I never said that though.

I said

' I think those are both fantastic examples of accountability' which is an entirely different statment

Do you always make up these straw men to knock down,do you think putting words in your debate opponents mouth is a god way to argue? You are simply incapable of responding to the actual point that's been stated or something?

I’m not a nationalist,

You voted for fucking Brexit mate, and you're defending it. If you aren't a nationalist, you're in bed getting fleas off them.

Honestly, you 'lexiters' are more deluded than the most red faced sun reading UKIPers.

[–] [email protected] 1 points 1 year ago* (last edited 1 year ago) (1 children)

https://www.farminguk.com/news/world-s-largest-vertical-farm-set-to-open-in-norfolk_61380.html

Your Google fu sucks as does your critical thinking skills

Again, the UK has not spent 200b, source?

Yes, I did vote for it. Very happy with it. Guess it just sucks to be you

[–] [email protected] 0 points 1 year ago (1 children)

Sure, the OBR says 4% GDP loss per year.

3.1 trillion per year GDP, let's make it 5% just to make it easy

150 billion per year, x 2+ years, it's well over 200bn.

Bloomberg also agrees

https://www.bloomberg.com/news/articles/2023-01-31/brexit-is-costing-the-uk-100-billion-a-year-in-lost-output

So, you going to accept this fact then? or is it going to be fingers in ears?

Your Google fu sucks as does your critical thinking skills

What is this supposed to prove?

I'm saying, they have 2 of the largest companies in the world you've pointed to a company with 34 employees and 2 farms (1 in construction) In farm in Germany has 422 employees (source linkedin for both) so it's 10 times as big a company as the one you linked.

Yes, I did vote for it. Very happy with it. Guess it just sucks to be you

Haha, yeah I can tell, you won't accept reality, you can't accept you've made a huge mistake, you can't handle the truth!

Like I said, you're all remarkably gullible, I mean similar.

[–] [email protected] 0 points 1 year ago* (last edited 1 year ago) (1 children)

Lol, the OBR said 4% of GDP per CAPITA OVER 15 YEARS

LOL, YOU HAVE ABSOLUTELY NO FUCKING CLUE WHAT YOURE TALKING ABOUT πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚

[–] [email protected] 0 points 1 year ago (1 children)

Lol, the OBR said 4% of GDP per CAPITA OVER 15 YEARS

Mate, firstly.

Calm down.

Secondly, you're wrong, it is GDP not GDP per capita and it is at least 200bn.

These are facts, accept the facts.

[–] [email protected] 1 points 1 year ago (1 children)

LOL

Fuck off and learn something before you give it large pal.

The post-Brexit trading relationship between the UK and EU, as set out in the β€˜Trade and Cooperation Agreement’ (TCA) that came into effect on 1 January 2021, will reduce long-run productivity by 4 per cent relative to remaining in the EU

Productivity, as in GDP per capita. Not GDP.

https://obr.uk/forecasts-in-depth/the-economy-forecast/brexit-analysis/#assumptions

[–] [email protected] 0 points 1 year ago* (last edited 1 year ago) (2 children)

No it's GDP, you are simply wrong, confidently wrong I will grant you, but wrong.

Tell me genius, what's the measure for long term growth the OBR uses here?

https://obr.uk/box/productivity-growth-long-term/

Oh right, look at that, it's GDP.

I mean, are you saying Bloomberg is also wrong?

Again, resorting to insults just shows up your immaturity and the fact that you've lost this debate.

[–] [email protected] 1 points 1 year ago

GDP growth was similar in the twentieth century and the nineteenth, averaging 2.1 per cent in both cases. Higher productivity growth in the twentieth century therefore is associated with weaker growth of total hours worked, due to a combination of weaker employment growth and falling average hours

You don't understand your own link, 🀑

[–] [email protected] 1 points 1 year ago* (last edited 1 year ago) (1 children)

Fucking hell,

GDP is one thing

Gross domestic product is a monetary measure of the market value of all the final goods and services produced in a specific time period by a country or countries.

GDP per capita is a measure of productivity and living standards

What Is GDP Per Capita? Gross domestic product (GDP) per capita is an economic metric that breaks down a country's economic output per person. Economists use GDP per capita to determine how prosperous countries are based on their economic growth GDP per capita is calculated by dividing the GDP of a nation by its population. Countries with the higher GDP per capita tend to be those that are industrial, developed countries

Once you've worked that out, tell me what the loss of productivity that the OBR is forecasting is down to.

Hint, it's comparative advantage. When you've learned what that is, let me know.

[–] [email protected] 0 points 1 year ago (1 children)

Yeah I know what the difference is, I've just shown you that the OBR is referring to GDP when they walk about 'long term productivity growth' and nothing you have posted there contradicts that.

Seems to be a pattern here, you say something incorrect, I point it out, and you throw insults.

[–] [email protected] 1 points 1 year ago* (last edited 1 year ago) (1 children)

Lol, no they're not. Productivity is not GDP...

And the 4% is over 15 years and is a result of loss of comparative advantage.

If you have to compound an effect over 15 years to get 4%, the effect is fuck all.

[–] [email protected] 1 points 1 year ago (1 children)

So why do Bloomberg put it at 100bn based on that 4% figure?

If you have to compound an effect over 15 years to get 4%, the effect is fuck all.

Yeah, sounds unlikely doesn't it?

Let me ask you, what do you think it's cost the UK per year in billion pounds?

[–] [email protected] 1 points 1 year ago* (last edited 1 year ago)

Yeah, sounds unlikely doesn't it?

But that's what the forecast says. 4% of productivity lost over the long term of 15 years due to loss of comparative advantage

https://obr.uk/forecasts-in-depth/the-economy-forecast/brexit-analysis

But the forecast is for the cost, no benefit is included.

The loss of comparative advantage is replaced, I'd argue, with competitive advantage which has a much stronger effect. The UK is no longer bound by the anti science regulations on genetic engineering and the new overly restrictive proposed regulations on AI

GDP per capita is a ratio of GDP / population, so if you do more with fewer people, by using automation, robots and AI, your GDP per capita will grow...

The 4% figure over 15 years is a difference of 0.29% to 0.27% productivity growth. Government policy has at least that 0.02% effect

I predict a Starmer govt will be able to introduce policy that will offset the productivity loss just by investing in renewable energy, let alone any research universities' innovations.

[–] [email protected] 0 points 1 year ago (1 children)

Yet again I go to read your link to see what you are talking about and yet again it's not what you say.

Okay so the NYT wants to read the texts, how does that show evidence of 'corruption'?

I mean, maybe we will see them and something will be uncovered, but as of right now you have nothing. If she's corrupt then I hope they throw the book at her. You've not provided any evidence for your claim though. Again.

[–] [email protected] 1 points 1 year ago (1 children)
[–] [email protected] 0 points 1 year ago* (last edited 1 year ago) (1 children)

Oh yeah, Turkish state media site that doesn't even load and talks about Breitbart's opinion, cracking source. Yeah, that I won't accept, give me a reputable source.

You are literally googling for any old shit to support your nonsensical position.

[–] [email protected] 1 points 1 year ago (1 children)
[–] [email protected] 0 points 1 year ago (1 children)

Firstly, no need for insults.

I'm debating you in good faith, and I am smashing you to bits quite frankly and it's not even difficult, it's easy. Respond with better arguments and stop lying to yourself and you may be less upset.

Secondly, again that story is not what you said it is. It's allegations and it's not even EU related it's from back when she was German defence minister.

Now I already told you, I don't agree with corruption, I'd throw the book at her if there's any truth to it and it were down to me.

Any institution over time will have examples of corruption, from the top right down to local councils and the church raffle. It's a very human problem that occurs everywhere. The important thing is how you deal with it, and as far as I can see the first case they dealt with it very well (arrests and prosecutions) and in the second case that's clearly something for the German government to do something about.

Then I look at the UK, these idiots you voted to give all the power too, day after day there are stories and evidence about corruption on absolutely incredible scale, literally billions stolen, 200 billion at least wasted on this pile of shit....

[–] [email protected] 1 points 1 year ago (1 children)

Lol, smashing. You haven't got a clue pal.

There you go again, defending failure

I didn't vote for those idiots, moron.

[–] [email protected] 0 points 1 year ago (1 children)

Of course 'I have a clue', as far as I'm concerned I've demolished you and you've got nothing. That's why you've resorted to insults.

You're defending Brexit (badly), the very definition of defending failure.

[–] [email protected] 1 points 1 year ago (1 children)

The Dunning-Kruger effect effect occurs when a person's lack of knowledge and skills in a certain area cause them to overestimate their own competence

That's you that is

[–] [email protected] 0 points 1 year ago (2 children)

Well done, did you learn about that decades old internet trivia yesterday or something?

I've not claimed to have any specialist knowledge, I've just researched the things you said and found them incorrect.

I'm not going to continue this thread with you though because you won't accept simple facts backed up by reputable sources. You think everybody is wrong if it doesn't fit with your pre decided narrative and you'll lash out to defend your fragile ego. Maybe you should talk to somebody.

[–] [email protected] 2 points 1 year ago (1 children)

Morning guys, can we cool things off a little?

Debate is fine, but when it's getting dragged into personal insults, and cry-laugh emojis as punctuation like some facebook-aunt, is it really a functional debate any more?

It's only Tuesday!

[–] [email protected] 1 points 1 year ago

You are right, I apologise for any insulting I did. I would prefer to debate civilly.

[–] [email protected] 1 points 1 year ago