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Politics, politics, politics (so long and thanks for all the fish)

So Boris has joined the magic circle.

Banish austerity, while shouldering the biggest debt since WW2., and spend our way back to prosperity?:confused:

Obviously no maths in there....so it must be magic?
 
galeforce said:
Brexit transition extension period has passed, no deal on Dec 31st it is.
Click to expand...

Was reading about this (as someone who thinks Brexit is pointless), it's interesting to read the economics from COVID may mask some of the detriment of Brexit, therefore bouncing back post-COVID will effectively support Brexit no deal.

However, aside from economics, one look at geo-political landscape with China, US, India, Russia issues, we pretty much picked the absolute worst time to go it alone. At a high level, China/India dispute will lead to closer ties between India and US, but India is friendly to Russia and relies on them to assist geopolitics in the Asia region with China (but Russia plays both sides so is aligned to neither). Meanwhile, Russia is still intent on a weaker US so may see closer ties to the EU to balance this and from the threat of China which is just a mammoth superpower who doesn't give two bricks about anyone's opinion (see HK).

So, yeh, good stuff all round.
 
Just read that the collapse of the pound against the Euro has resulted in more financial loss to Britain than all the monies paid out to the EU since the 70's. Gee that worked out well then didn't it? Well it did actually, for the currency speculating spivs and shonks who the Tory party represent. They made a right killing.
 
Gilzeantoscore said:
Just read that the collapse of the pound against the Euro has resulted in more financial loss to Britain than all the monies paid out to the EU since the 70's. Gee that worked out well then didn't it? Well it did actually, for the currency speculating spivs and shonks who the Tory party represent. They made a right killing.
Click to expand...
That's just lag.

Lower currency value means better exports but EU membership hinders that.
 
Gilzeantoscore said:
Just read that the collapse of the pound against the Euro has resulted in more financial loss to Britain than all the monies paid out to the EU since the 70's. Gee that worked out well then didn't it? Well it did actually, for the currency speculating spivs and shonks who the Tory party represent. They made a right killing.
Click to expand...

It's disguised, but it has had a big effect. Everyone in the nation is paying more for their weekly shop, leading UK companies like Arm were sold to the Japs as it was effectively 20% off for them. It's not painted on a bus, so it's less simple to comprehend, but Brexit has written down the UK with the value of the nation and its currency being impacted.
 
scaramanga said:
That's just lag.

Lower currency value means better exports but EU membership hinders that.
Click to expand...

It does, but there are many more negatives than positives, and everyone agrees that overall a strong currency is preferable. We are not China - a nation of exporters. Most UK companies that export buy in the raw materials from outside the UK, so costs have also risen for many exporters.
 
SpurMeUp said:
It does, but there are many more negatives than positives, and everyone agrees that overall a strong currency is preferable. We are not China - a nation of exporters. Most UK companies that export buy in the raw materials from outside the UK, so costs have also risen for many exporters.
Click to expand...
We need more money coming into the country than going out. That way this country has more money and other countries have less.

Being able to choose where and whom we import from will reduce import costs.
 
scaramanga said:
We need more money coming into the country than going out. That way this country has more money and other countries have less.

Being able to choose where and whom we import from will reduce import costs.
Click to expand...

Balance of payments (total exported minus total imported) is an old metric. The UK has for decades imported more than we've exported. But I don't believe things like house purchases made from abroad are counted in this metric? Would be interesting to find out.
 
galeforce said:
Brexit transition extension period has passed, no deal on Dec 31st it is.
Click to expand...
They are still negotiating, if you can call it that, but there are too many hurdles and not enough time. The pragmatic approach would have been to extend especially considering the impact of Covid. The vagueness around what Brexit actually is, that was a campaign strength to get more into the Tory tent, is about to be brutally exposed in these final months.
 
Brexit isn't just finances
scaramanga said:
We need more money coming into the country than going out. That way this country has more money and other countries have less.

Being able to choose where and whom we import from will reduce import costs.
Click to expand...


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