To coin a phrase "here we go again"
Of course I'm questioning his judgement in certain cases. It's not like he hasn't made mistakes in the past. Just who views him as a safe pair of hands? It was May who asked him to stay on. Are you saying you agree with her judgement ? If so I bet its the only thing, conveniently, on which you do.
You say economic shock, I say short term downturn. Which phrase you agree with depends on which side of the Brexit fence you're on.
Yes we can make our own laws and just as importantly hold our representatives to account for the laws they make. Instead of them throwing their collective hands in the air and proclaiming "it wasn't me guv" and blaming the EU for the country's ills.
Of course we will have to comply with EU regulations to export to them. Just as we do with every other country we trade with and just like they will have to comply with ours. Its nothing new.
Ah yes financial services. 52% of our exports to the EU are financial /business services. No tariffs on them, look it up. Interestingly we run a £29billion surplus on those but a £93 billion deficit on trade in goods.
Finally the oil tanker episode. Yes we did ask the EU for help as we are still funding them. Did we get it?

I'd hope you'd be sensible enough to realise this is just our politicians are lying and not taking responsibility rather than it being the truth. Them lying about what power they have is not a good reason for abandoning our fundamental trading relationship.

The reality is our rules will just match theirs because it would be impractical for most international businesses to manufacture to different UK standards. But whereas we had/currently have outsized influence on setting those rules, going forward we won't.

I wish there was a head in hands smiley. "No tariffs on them, look it up" is such a fundamentally wrong understanding of such a key part of why Brexit is an absolute disaster for the key economic driver of our economy I don't know where to start, but if that misunderstanding in any way led you to think voting leave was a good idea I recommend you do some better research.

Oh dear, I just dont know where to start.

However, tariff's aren't the issue which will affect some of our grip on financial services to the EU.
Fundamentally, why would you want to rely on a 3rd party country, outside of your trading block, to service all of your finances ?

The reality is that, other EU nations have been desperate to take over some of this business for many years, however, have not done so due to the UK being in the same "club" and it would have been politically wrong for the EU to allow any fundamental change. However, as an outsider, there will be zero protection. More importantly, why would they want to "trust" a sovereign nation with an unstable leader, when this work can be done "in house".
Although we dont always get our own way, we do currently have a seat at the "top table" in the EU, which Boris & Co are desperate to relinquish.
So keen is he and his ilk to be the big fish in a small pond, that he is willing to jeopardise all of our futures for his 15 minutes of fame, similar to Nick Clegg power sharing with the Tories a few years ago.
Fortunately, the Libdems have been able to make a comeback of sorts, but, such was Clegg's quest for his 15 minutes of fame, that he almost wiped his party off the political map.
The UK is doing exactly the same.

So, the U.K. economy shrinks for the first time since 2012 & the pound in now down to £1.08 against the Euro.

The slow motion car crash is starting to accelerate, but no fear, everything will be fine, in the future when all's well.

I should think there will be some very shrewd speculators poised to make millions out of these protracted "negotiations". The people in the know will soon be doing very nicely.

IR80 Fact 1 - Whaley Bridge is in Yorkshire
IR80 Fact 2 - Hetherington is involved with the RFL

Difficult to take Q2 figures in isolation - Q2 was impacted by stock increases in Q1 due to supposed exit 31 March. Put the two together and you have a growth of 0.3 - in line with France.

I guess we'll find out when the next quarter is finished.

If I was a gambling man, I'd give you even money on another flat quarter or possibly a technical recession.

There was a "secret" boom in Q1 due to companies stock piling to take the "bumps" out of any issues with importing post Brexit.
Those companies then had to sell their excess stocks, meaning reduced purchasing.
I'm not sure that averaging Q1 and Q2 gives you the true indicator you will need to wait a little longer to find out just how strong and stable we are as the cliff edge gets ever closer.

And this is only the beginning of the "project fear" predictions.
As Bachman Turner Overdrive put it, you ain't seen nothin' yet.

Boris will be borrowing, like Labour on speed, just to try and maintain some growth.

Look back to the original Brexit thread for "I told you so".

I look at this and even the worst projections are nowhere near the detrimental impact of the banking crisis and we have managed to survive that intact with reasonable economic performance. We also have the 39bn as a buffer that could be injected into the economy to help mitigate the impact of the leaving with no deal.

What is obvious is that May was completely out of depth as a negotiator and has negatively impacted the whole position

Depends whose projections you read I suppose.

Is that the royal "we"? How do you define "survive"?



I think most of that if not all will be paid eventually in order to get a trade deal.

No deal should be avoided. It wasn't what was advertised in the referendum. Nor is it in anyway good for the UK.

We went from sunlit uplands and the easiest trade deal in history - to this - in 3 years; what a fu**ing joke we have become.

The point is that YOU and your ilk have voted in the recession that is looming and for what ?
So that we can create our own laws and "control" immigration ??

Over half of the current immigration was "controlled", with around 300,000 people coming into the UK from outside the EU ??

I fully understand the issues around sovereignty, although on the flip side, we literally be a stand alone island, going it alone, without the protection and opportunities that arise from being part of the largest trading bloc in the western world.

I just hope that you will enjoy the higher prices and interest rate increases that will be coming our way, after all, it's what you wanted

The £39 billion is a debt owed to the EU for that which WE agreed.
Are you seriously suggesting that our once great nation begins it's new independent life by reneging on it's debts.
That will really elevate our status, NOT.

If it was just a trade deal we wouldn’t have voted to leave. And yes the country was perfect right up to June 2016..not

Do you not remember the bus? "Vote Brexit. It won't be quite as bad as the Great Recession"?

Also if the UK decides not to pay for its commitments (not that 39bn is a huge figure in context) it will become an international pariah.