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Post by Vinny on Feb 9, 2023 17:47:09 GMT
What's hitting everyone in their pockets is the fact that a war in Ukraine is causing inflation in the price of food and fuel.
Ukraine is one of the biggest exporters of sunflower oil, rape seed oil and flour.
Russia is one of the world's biggest exporters of oil, gas and coal.
The war is causing inflation.
Covid debts are causing inflation.
Brexit has given us back our sovereignty, it hasn't put us in a bubble, we're still affected by global events.
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Post by Pacifico on Feb 9, 2023 18:21:55 GMT
If you have a shortfall it means you have had a lower growth rate.. Do you not understand anything about economics? I do understand that within the context of the study, the following statement does not make sense: "It states that we would have grown by another 5.5% - what other interpretation is there?."In any event, since you have convinced yourself that you are not misinterpreting the study; why don't you let us know how you arrive at the £33 billion shortfall using 5.5% as an additional growth rate.
Remember, the figure £33 billion is constant since the study already concludes that that is the gap between the Factual UK GDP and the Contra Factual UK GDP at the end of Q2, YE 2022. Go! Again - the 5.5% referred to is not the growth rate. Not sure why you keep getting confused about this. |
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Post by patman post on Feb 9, 2023 19:10:20 GMT
What's hitting everyone in their pockets is the fact that a war in Ukraine is causing inflation in the price of food and fuel. Ukraine is one of the biggest exporters of sunflower oil, rape seed oil and flour. Russia is one of the world's biggest exporters of oil, gas and coal. The war is causing inflation. Covid debts are causing inflation. Brexit has given us back our sovereignty, it hasn't put us in a bubble, we're still affected by global events. But why is the UK affected so much more adversely by these events than other countries? And why has the UK’s regained sovereignty not protected it like the cure-all it was meant to be…? |
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Post by Vinny on Feb 9, 2023 19:20:01 GMT
What's hitting everyone in their pockets is the fact that a war in Ukraine is causing inflation in the price of food and fuel. Ukraine is one of the biggest exporters of sunflower oil, rape seed oil and flour. Russia is one of the world's biggest exporters of oil, gas and coal. The war is causing inflation. Covid debts are causing inflation. Brexit has given us back our sovereignty, it hasn't put us in a bubble, we're still affected by global events. But why is the UK affected so much more adversely by these events than other countries? It isn't. Inflation in Lithuania is 18.4% Inflation in Poland is 16% Inflation in the Czech Republic is 16.34% Inflation in Germany 9.2% Inflation in the UK 9.2% |
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Post by patman post on Feb 9, 2023 19:23:26 GMT
It is…
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Post by Vinny on Feb 9, 2023 19:24:41 GMT
It isn't.
Inflation in Lithuania is 18.4%
Inflation in Poland is 16%
Inflation in the Czech Republic is 16.34%
Inflation in Germany 9.2%
Inflation in the UK 9.2%
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Deleted
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Post by Deleted on Feb 9, 2023 20:08:13 GMT
I do understand that within the context of the study, the following statement does not make sense: "It states that we would have grown by another 5.5% - what other interpretation is there?."In any event, since you have convinced yourself that you are not misinterpreting the study; why don't you let us know how you arrive at the £33 billion shortfall using 5.5% as an additional growth rate.
Remember, the figure £33 billion is constant since the study already concludes that that is the gap between the Factual UK GDP and the Contra Factual UK GDP at the end of Q2, YE 2022. Go! Again - the 5.5% referred to is not the growth rate.Not sure why you keep getting confused about this. All that time you were yapping on and on and on about GDP growth -- 5%, 5.5%, 6.7%, 12%. I told you it's about the £33B gap between the two UK economies. Now, you're telling me that "the 5.5% referred to is not the growth rate."? Are you trying to gas light people again?   Here -- all your statements: "So had we remained in the EU, since 2016 we would have grown twice as fast as Germany -"
"The study says that we are 5% smaller because we had lower growth - so if the economy grew by 6.7% another 5% puts us on twice Germanys growth over the same time frame."
"It states that we would have grown by another 5.5% - what other interpretation is there?. So given that we know that we actually did grow by 6.7% then another 5.5% puts us over 12%. The only scenario in which we would not have grown by 12% is if the study is bollocks."
"No - they show how much actual GDP growth there was over the time frame. between 2016 and 2022 we actually grew by 6.7%. If we had grown another 5.5% by staying in the EU (as this study claims) then total growth would have been 12.2% over that time frame."
"I already said that they claimed that GDP would be 5.5% larger than it currently is"
"I'm misinterpreting their claim that had we remained in the EU the economy would now be 12% larger than in 2016 rather than just 6.7% it is now?"
"If you have a shortfall it means you have had a lower growth rate.."
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Post by Pacifico on Feb 9, 2023 22:33:29 GMT
Again - the 5.5% referred to is not the growth rate.Not sure why you keep getting confused about this. All that time you were yapping on and on and on about GDP growth -- 5%, 5.5%, 6.7%, 12%. I told you it's about the £33B gap between the two UK economies. Now, you're telling me that "the 5.5% referred to is not the growth rate."? Are you trying to gas light people again? Here -- all your statements: I know what I said - what I'm rather surprised about is why you think there was a 5.5% growth rate. 5.5% growth is getting close to Chinese growth rates and the idea that is possible for a european economy is fanciful. So I don't get why you keep going on about it? |
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Post by Pacifico on Feb 9, 2023 22:34:11 GMT
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Post by Deleted on Feb 10, 2023 7:54:33 GMT
All that time you were yapping on and on and on about GDP growth -- 5%, 5.5%, 6.7%, 12%. I told you it's about the £33B gap between the two UK economies. Now, you're telling me that "the 5.5% referred to is not the growth rate."? Are you trying to gas light people again? Here -- all your statements: I know what I said - what I'm rather surprised about is why you think there was a 5.5% growth rate. 5.5% growth is getting close to Chinese growth rates and the idea that is possible for a european economy is fanciful. So I don't get why you keep going on about it? You don't know what you said. And you don't get anything. You just flap your gums. Here -- a reminder:
"So had we remained in the EU, since 2016 we would have grown twice as fast as Germany -"
"The study says that we are 5% smaller because we had lower growth - so if the economy grew by 6.7% another 5% puts us on twice Germanys growth over the same time frame."
"It states that we would have grown by another 5.5% - what other interpretation is there?. So given that we know that we actually did grow by 6.7% then another 5.5% puts us over 12%. The only scenario in which we would not have grown by 12% is if the study is bollocks."
"No - they show how much actual GDP growth there was over the time frame. between 2016 and 2022 we actually grew by 6.7%. If we had grown another 5.5% by staying in the EU (as this study claims) then total growth would have been 12.2% over that time frame."
"I already said that they claimed that GDP would be 5.5% larger than it currently is"
"I'm misinterpreting their claim that had we remained in the EU the economy would now be 12% larger than in 2016 rather than just 6.7% it is now?"
"If you have a shortfall it means you have had a lower growth rate.."
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Post by Pacifico on Feb 10, 2023 8:20:28 GMT
Yes - I know what I said. And nowhere in any of those links did I claim that there was a 5.5% growth rate.
Why you believe that there was is something of a mystery.
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Post by Deleted on Feb 10, 2023 9:08:32 GMT
Yes - I know what I said. And nowhere in any of those links did I claim that there was a 5.5% growth rate. Why you believe that there was is something of a mystery. Yeah. |
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Post by thomas on Feb 10, 2023 9:10:24 GMT
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Post by Vinny on Feb 11, 2023 18:22:02 GMT
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Post by Pacifico on Feb 11, 2023 22:36:31 GMT
Yes - I know what I said. And nowhere in any of those links did I claim that there was a 5.5% growth rate. Why you believe that there was is something of a mystery. Yeah. Well that explains everything ....  |
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Here -- all your statements:
