ONS Reveals U.K. is 490 Billion Poorer than Believed

[Vyuvarax]

http://www.independent.co.uk/news/bu...-a8002871.html

Would be interested in hearing how this news is being received in the U.K. Can't imagine losing half a trillion feels great.

[Deleted]

I think this is important part:

Meanwhile, investment in the UK by overseas companies and individuals fell from a £120bn surplus in the first half of 2016 to a £25bn deficit over the same period in 2017.

So looks like investors are moving their money elsewhere and that's the main issue. Yay for Brexit?

[DrMcNinja]

So looks like investors are moving their money elsewhere and that's the main issue. Yay for Brexit?

Meanwhile everyone who studied business: Who would've expected this? /s

[Dizzeeyooo]

http://www.independent.co.uk/news/bu...-a8002871.html

Would be interested in hearing how this news is being received in the U.K. Can't imagine losing half a trillion feels great.

"fake remainer news", "talking the country down, need to be more optimistic" and "all money we will get back once we leave the tyrannical EU" have been some popular talking points so far

[NihilSustinet]

"fake remainer news", "talking the country down, need to be more optimistic" and "all money we will get back once we leave the tyrannical EU" have been some popular talking points so far

How are people that stupid? the UK made a net profit from the EU, and theyll have to maintain the same standards if they want to have any hope of trading with the EU, now with tariffs. brexit is a huge net loss for the UK, there is no polishing that turd.

[Netherspark]

How are people that stupid? the UK made a net profit from the EU, and theyll have to maintain the same standards if they want to have any hope of trading with the EU, now with tariffs. brexit is a huge net loss for the UK, there is no polishing that turd.

But it's our turd. That's what's important.... apparently.

[Dizzeeyooo]

How are people that stupid?

20+ years of repetition that every single problem in the UK is because of the EU + Immigrants will do that to people, unfortunately

[NihilSustinet]

20+ years of repetition that every single problem in the UK is because of the EU + Immigrants will do that to people, unfortunately

only to old people, apparently. im starting to feel like once you hit a certain age, we should just say "you dont have a stake in the future anymore, you no longer have a say" That would fix a ton of problems in the US, too. Boomers are still ruining things for us, too.

[Vulgrym]

Who would've thought that being isolationist and more restrictive in trade could hurt your future economic prospects.

I feel sorry for the young people who've been hijacked by Brexit.

[Deleted]

How are people that stupid? the UK made a net profit from the EU, and theyll have to maintain the same standards if they want to have any hope of trading with the EU, now with tariffs. brexit is a huge net loss for the UK, there is no polishing that turd.

It wasn't stupidity exactly. Some people really don't care how fucked the economy is they just hate foreigners. Some people believe in sovereignity to the exclusion of common sense. Some people were genuinely duped by farcical claims about millions going to hospitals rather than the EU.

But a lot of it was people were genuinely given an actual choice and wanted to throw a spanner in the works. They didn't care that the economy was doing OK-they weren't. They wanted change at any cost because they weren't coping.

For similar reasons Corbyn did a lot better than any one expected.

[Wiyld]

It wasn't stupidity exactly. Some people really don't care how fucked the economy is they just hate foreigners. Some people believe in sovereignity to the exclusion of common sense. Some people were genuinely duped by farcical claims about millions going to hospitals rather than the EU.

But a lot of it was people were genuinely given an actual choice and wanted to throw a spanner in the works. They didn't care that the economy was doing OK-they weren't. They wanted change at any cost because they weren't coping.

For similar reasons Corbyn did a lot better than any one expected.

Some men just want to watch the world burn.






these would be the same people who are currently pushing for war with Korea atm in the US.

[Deleted]

"fake remainer news", "talking the country down, need to be more optimistic" and "all money we will get back once we leave the tyrannical EU" have been some popular talking points so far

You think financial gain will come from a Brexit?

[Thoughtcrime]

To be fair, no one but the witless argued that brexit would be economically beneficial. The main debates were around whether it was worth the cost.

[Doctor Amadeus]

I hope people brought their Checkbooks, I am sure one or two of those and some I O U's should tidy up.

Hey can they pawn any of the Windsors stuff, the country needs a a few bucks?


What do you think the Royal Family could sell to chip in and help?

[Butler to Baby Sloths]

So in 15 months, brexit has cost the economy more than the total EU contributions since the European Communities Act was passed in 1976. And it hasn't even happened yet.

[Deleted]

You think financial gain will come from a Brexit?

He's being sarcastic.

[Jessicka]

And the fun part is, it was largely the non-Eu immigrants

Wasn't even that, it was lack of investment in public services which would have been more than adequately funded by said immigrants for their net usage.

- - - Updated - - -

You think financial gain will come from a Brexit?

There's this delusion that an entirely unregulated free trade area could be profitable. Which, it might be for the couple dozen people bankrolling that objective.

[Maybach]

http://www.independent.co.uk/news/bu...-a8002871.html

Would be interested in hearing how this news is being received in the U.K. Can't imagine losing half a trillion feels great.

Brexit was never about the economics it was about sovereignty

I can really imagine the USA being told what to do by a foreign court and a foreign parliament

Not

[Shkar]

Brexit was never about the economics it was about sovereignty

I can really imagine the USA being told what to do by a foreign court and a foreign parliament

Not

That's because we're proof that systems like the EU works. We are a collection of states, that are unified into one. The EU has its growing pains, much like the US has had. But most of that will be grown out of if it gets the chance.

[Jessicka]

Brexit was never about the economics it was about sovereignty

I can really imagine the USA being told what to do by a foreign court and a foreign parliament

Not

Trade deals will invariably require 3rd party legal oversight, either from something like the ECJ or a bilateral 'court' agreed in the trade deal. So sure, the USA does have to agree to be told what to do by foreign nations and parliaments in regards to products it wishes to export to those markets. Including the EU.

That won't change for the UK on the basis of leaving the EU, it just means we won't get a say on those EU regulations when it comes to regulations on things we wish to export there.