So we shouldn't model anything at all now is what you are saying? But we should model every possible scenario in the future. When is this point when we start modeling? Is it 5 minutes before Brexit occurs? That would be like viewing the house you're buying for the first time when all the solicitors legal work was already done, and the purchase funds cleared. You would never do that on a personal level, why do would you in this instance? Not sure who was posting in haste to be frank.
We start modelling when we can do so in a meaningful way. Its not a hard concept to grasp, surely?
We start negotiations, options become much more clearly defined, we then have parameters within which to actually model with some accuracy.
Common sense, no? Doing something when you can do it with purpose?
As I asked previously, what do you think COULD have been achieved with impact assessments at this time?
Brexit's not much more than a year away. Why the hell have we not even begun to look forward!!? What is it you are waiting for?
Options! Right now we can model absolutely everything. Finger in the air, pie in the sky, pull a number out of your ass...
As soon as things get under way, as soon as lines are drawn and we know more tangibly what we are dealing with, then yes - lets model things and lets get it as right as we can.
CETA does not include any provision for services. The UK's economy is 80% service based. So CETA shows us that the EU will agree trade deal with non-EU countries that are of no use to us. In short it shows the EU will enter free trade agreements, big deal. It has little relevance to us.
Britain enjoyed a £14bn trade surplus with the EU last year in services, fuelled by the strength of the City of London as Europe’s financial capital, and by Britain’s strength in providing legal and tax advice, along with other business services. https://www.ft.com/content/c9f8506c-df17-11e7-a8a4-0a1e63a52f9c
Let me ask you a relatively simple question. Do you think the EU would give Davis and the UK CETA plus services, without free movement? You can weigh things up and make an informed guess. What's your hunch?
I dont know how many times Ive emphasised that I do not think we will do an exact copy of the CETA deal. Please stop assuming that is the case.
Big deal? It has MASSIVE relevance to us. We want free trade, we dont want free movement - CETA proves its possible. It is insulting you are so dismissive of it.
My hunch? I was thinking earlier maybe a CETA-like deal plus financial services - with us paying for the financial passport. And I see no reason at all why free movement would need to be insisted upon.
And, right now, I can think of no reason why it should be.
The current slow down in our economy is attributable to what? Brexit. Brexit is causing uncertainty and is pretty likely to affect the UKs ability to trade freely to some degree. Therefore its a reaction to uncertency but more than that, its a reaction to the prospects of Brexit. If Brexit was something else entirely, for example the Norway model and we were allowed to make trade agreements with other countries, and Donald Trump was onside looking to reward the UK with a peachy trade deal, then do you think the pound would stay low, or investors who stop putting money into the UK? No. So Brexit as we see it now, is causing the downgrading.
When do you think we should make an assessment of Brexit then? Economists did it pretty extensively pre-vote. People who are probably more qualified than our government have modelled and studied it. When is the magic time to say ok go, start modelling? And what do you do with the information? Another vote? Or you do the analysis once everything is signed off and we're committed to Brexit? Don't forget, at this point, we could reverse article 50, in a years time the UK will have no choice at all.
So you cant say Yes or No then, only muddy the topic?
It is not a reaction to the prospects of Brexit, that is entirely my point. It is a reaction to not knowing yet what those prospects are. Very simple.
For example, if your Norway example comes to bear, I fully expect the economy to react to that reality. Be that for better or worse. The point is the economy today is based on the fact nobody knows what will happen at all. Not even enough to start making predictions and forecasts on.
Ignoring your tone, when do I think we can start modelling and making more informed decisions? Easy, when we actually have some information! Its not rocket science, is it?
Is it better to flail blindly and panic because its dark, or to wait until the light goes on to see if there is actually a monster? And if there is a monster, see how big it is? how scary?