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Post by buccaneer on Jan 7, 2024 9:05:41 GMT
Nothing to do with what i said. I am talking about investment and growthe, not tiddly bits of savings on importing a bar of chocolate. BTW almost all those countries already have trade deals with the EU and therefore the UK. It has bzen estimated that barring wars and shipping problems, the sum of potential extra growth will reach the dizzying heights of 0.08% of UK GDP. I'm not concerned with what you are talking about, because as usual it is a load of nonsense like most of your post's regarding Brexit. Your estimates are always nonsense as well. The actual evidence shows the UK has had more growth than Germany, France, Italy and Spain since Brexit.
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Post by oracle75 on Jan 7, 2024 20:56:25 GMT
Nothing to do with what i said. I am talking about investment and growthe, not tiddly bits of savings on importing a bar of chocolate. BTW almost all those countries already have trade deals with the EU and therefore the UK. It has bzen estimated that barring wars and shipping problems, the sum of potential extra growth will reach the dizzying heights of 0.08% of UK GDP. I'm not concerned with what you are talking about, because as usual it is a load of nonsense like most of your post's regarding Brexit. Your estimates are always nonsense as well. The actual evidence shows the UK has had more growth than Germany, France, Italy and Spain since Brexit. You do of course understand that the term growth referd to the GDP immediately prior to the reference. So if germany wants to report growth, it has to improve its previous GDP. Likewise the UK. What it does NOT mean is that the German economy is smaller than yours. You will have a hard time coming close to Germany's GDP at the end of 2023 of 4.5 trillion dollars. Yours was 3.1 trillion dollars. You have a lot of growing to do and your second quarter returned near zero growth. The others less than one half of one percent. Even your own politicians say growth is their priority.
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Post by oracle75 on Jan 7, 2024 20:58:06 GMT
Nothing to do with what i said. I am talking about investment and growthe, not tiddly bits of savings on importing a bar of chocolate. BTW almost all those countries already have trade deals with the EU and therefore the UK. It has bzen estimated that barring wars and shipping problems, the sum of potential extra growth will reach the dizzying heights of 0.08% of UK GDP. I'm not concerned with what you are talking about, because as usual it is a load of nonsense like most of your post's regarding Brexit. Your estimates are always nonsense as well. The actual evidence shows the UK has had more growth than Germany, France, Italy and Spain since Brexit. Sweetie, just admit you havent the foggiest about how the world works. If repeating hard core misinformation works for you, fill your boots. It wont fill your treasury.
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Post by Pacifico on Jan 7, 2024 22:55:51 GMT
Who says irony is dead..
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Post by Totheleft on Jan 8, 2024 9:54:24 GMT
Like it or not Brexit seemed to be reason for the high hake in food prices what was a main driver for the reason of the highest rate of inflation for 40yrs .
And obviously reason we had the highest inflation and slowest Growth rate in the G7 countries.
Don't ignore this report because it's from a left leaning organisation. LSE are a well recognised and respected One of the world leaders in Economics
Tper cent and 88 per cent of these costs have been passed on to consumers.
The changes have benefitted domestic producers of food, who now have less competition from European imports. But the gains to domestic firms are outstripped by the loss to domestic consumers by more than £1 billion. Additionally, unlike regular tariffs, NTBs do not generate any revenue for the government.
Richard Davies, an associate of CEP’s growth programme and a professor at Bristol University and study co-author, said: “The UK inflation rate rose above 11 per cent in 2022, the highest rate in 40 years. Many factors, affecting both supply and demand for goods and services, are involved. One factor in this high inflation has been the rise in non-tariff barriers for trade with the EU.
“In leaving the EU, the UK swapped a deep trade relationship with few impediments to trade for one where a wide range of checks, forms and steps are required before goods can cross the border. Firms faced higher costs and passed most of these onto consumers. Over the two years to the end of 2021, Brexit increased food prices by around six per cent overall.”
Nikhil Datta, an associate of CEP’s labour markets programme and an assistant professor of economics at Warwick University and study co-author, said: “The policy implications are stark: non-tariff barriers are an important impediment to trade that should be a first-order concern, at least on par with tariffs, for policymakers interested in low consumer prices.
“We calculate that Brexit caused a loss of £210 for the average household, or £5.84 billion overall, when looking at its impact on the food market alone. Since poorer households spend a larger fraction of their income on food, they are hit harder.”
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Post by Totheleft on Jan 8, 2024 10:14:53 GMT
Inflation rates in G7 countries 2023, by commodity group Published by Einar H. Dyvik , Dec 18, 2023 The rising inflation worldwide in 2022 and 2023 is reflected in the increasing prices of the different commodity groups in the G7 countries. Most notably, the price of food and non-alcoholic beverages was high in the third quarter of 2023, with price increases reaching 13.5 percent in the United Kingdom and nearly 12 percent in France compared to the same period in 2022. On the other hand, gas and electricity prices started to stabilize in 2023
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Post by Vinny on Jan 8, 2024 10:32:37 GMT
What's that got to do with Brexit (there's a free trade deal in effect)? The global picture is this: Legacy debts from the Covid crisis. War in Ukraine (a major agricultural supplier to the global market). Necessary sanctions against Russia have meant reduced fuel supplies and increased global transport costs. In response to climate change the government closed all our coal fired power stations before replacement wattage was supplied to the grid and a fire in 2021 shut down the undersea cable from France which government had relied on to make up the shortfall. www.theguardian.com/business/2021/sep/15/fire-shuts-one-of-uk-most-important-power-cables-in-midst-of-supply-crunchAs more infrastructure is built, electricity costs are going down. North Sea gas extraction is also going up.
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Post by buccaneer on Jan 8, 2024 11:10:24 GMT
Like it or not Brexit seemed to be reason for the high hake in food prices what was a main driver for the reason of the highest rate of inflation for 40yrs . And obviously reason we had the highest inflation and slowest Growth rate in the G7 countries. Don't ignore this report because it's from a left leaning organisation. LSE are a well recognised and respected One of the world leaders in Economics Tper cent and 88 per cent of these costs have been passed on to consumers. The changes have benefitted domestic producers of food, who now have less competition from European imports. But the gains to domestic firms are outstripped by the loss to domestic consumers by more than £1 billion. Additionally, unlike regular tariffs, NTBs do not generate any revenue for the government. Richard Davies, an associate of CEP’s growth programme and a professor at Bristol University and study co-author, said: “The UK inflation rate rose above 11 per cent in 2022, the highest rate in 40 years. Many factors, affecting both supply and demand for goods and services, are involved. One factor in this high inflation has been the rise in non-tariff barriers for trade with the EU. “In leaving the EU, the UK swapped a deep trade relationship with few impediments to trade for one where a wide range of checks, forms and steps are required before goods can cross the border. Firms faced higher costs and passed most of these onto consumers. Over the two years to the end of 2021, Brexit increased food prices by around six per cent overall.” Nikhil Datta, an associate of CEP’s labour markets programme and an assistant professor of economics at Warwick University and study co-author, said: “The policy implications are stark: non-tariff barriers are an important impediment to trade that should be a first-order concern, at least on par with tariffs, for policymakers interested in low consumer prices. “We calculate that Brexit caused a loss of £210 for the average household, or £5.84 billion overall, when looking at its impact on the food market alone. Since poorer households spend a larger fraction of their income on food, they are hit harder.” This was more misinformation from a pro-EU source desperately trying to pin inflation on Brexit. This nonsense was rubbished ages ago.
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Post by Totheleft on Jan 8, 2024 12:58:14 GMT
What's that got to do with Brexit (there's a free trade deal in effect)? The global picture is this: Legacy debts from the Covid crisis. War in Ukraine (a major agricultural supplier to the global market). Necessary sanctions against Russia have meant reduced fuel supplies and increased global transport costs. In response to climate change the government closed all our coal fired power stations before replacement wattage was supplied to the grid and a fire in 2021 shut down the undersea cable from France which government had relied on to make up the shortfall. www.theguardian.com/business/2021/sep/15/fire-shuts-one-of-uk-most-important-power-cables-in-midst-of-supply-crunchAs more infrastructure is built, electricity costs are going down. North Sea gas extraction is also going up. Have you not read my post before this one vinny and it just shows were the worst economy in G7 and they all had covd And anything else. The only difference what effects out economy and not the other G7 countries Is Brexit it is obvious reason why were the worst Economy
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Post by Totheleft on Jan 8, 2024 13:00:29 GMT
Like it or not Brexit seemed to be reason for the high hake in food prices what was a main driver for the reason of the highest rate of inflation for 40yrs . And obviously reason we had the highest inflation and slowest Growth rate in the G7 countries. Don't ignore this report because it's from a left leaning organisation. LSE are a well recognised and respected One of the world leaders in Economics Tper cent and 88 per cent of these costs have been passed on to consumers. The changes have benefitted domestic producers of food, who now have less competition from European imports. But the gains to domestic firms are outstripped by the loss to domestic consumers by more than £1 billion. Additionally, unlike regular tariffs, NTBs do not generate any revenue for the government. Richard Davies, an associate of CEP’s growth programme and a professor at Bristol University and study co-author, said: “The UK inflation rate rose above 11 per cent in 2022, the highest rate in 40 years. Many factors, affecting both supply and demand for goods and services, are involved. One factor in this high inflation has been the rise in non-tariff barriers for trade with the EU. “In leaving the EU, the UK swapped a deep trade relationship with few impediments to trade for one where a wide range of checks, forms and steps are required before goods can cross the border. Firms faced higher costs and passed most of these onto consumers. Over the two years to the end of 2021, Brexit increased food prices by around six per cent overall.” Nikhil Datta, an associate of CEP’s labour markets programme and an assistant professor of economics at Warwick University and study co-author, said: “The policy implications are stark: non-tariff barriers are an important impediment to trade that should be a first-order concern, at least on par with tariffs, for policymakers interested in low consumer prices. “We calculate that Brexit caused a loss of £210 for the average household, or £5.84 billion overall, when looking at its impact on the food market alone. Since poorer households spend a larger fraction of their income on food, they are hit harder.” This was more misinformation from a pro-EU source desperately trying to pin inflation on Brexit. This nonsense was rubbished ages ago. was it would you like to show me where it was Rubbished
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Post by Vinny on Jan 8, 2024 13:03:11 GMT
Biggest contraction in the G7 in 2020, biggest economic rebound in the G7 in 2021. Balances out and now we're out performing a number of EU members.
So, rather than talk about regret, lets talk about the benefits and the future.
It obviously is working so lets not talk our economy down.
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Post by Totheleft on Jan 8, 2024 13:25:26 GMT
Biggest contraction in the G7 in 2020, biggest economic rebound in the G7 in 2021. Balances out and now we're out performing a number of EU members. So, rather than talk about regret, lets talk about the benefits and the future. It obviously is working so lets not talk our economy down. How on earth is it working viney . And we might be out performing a number of Eu members but on the other hand a number of EU members are outperforming us. I ready a few years ago many Economics Was saying we would overtake Germanys Economy and come no 1 in Europe now look at us When our economy is still feeling the effects of it And we might be out per
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Post by Vinny on Jan 8, 2024 13:28:15 GMT
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Post by Totheleft on Jan 8, 2024 13:53:52 GMT
Why is unemployment down last timed I looked it's been increasing Quater on quater We not we lowerd or Inflation rate but that's due the fuel prices dropping . When we were in a world wide recession 1998. Think our inflation rate was 3-4% now even with are inflation rate lowerd from the 40 yr record high were still at 7% The Economy is in a n Mess and if Brexit was working it's not showing up in the Economy.
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Post by Vinny on Jan 8, 2024 14:00:22 GMT
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