Impact Of Brexit On Economy 'Worse Than Covid'

[Roobaba]

Impact of Brexit on economy 'worse than Covid'
https://www.bbc.co.uk/news/business-59070020

FACT truth not lies - to the point. Discuss.

[ToraToraTora]

here are some helpful links:
https://www.independent.co.uk/news/business/uk-economy-gdp-covid-lockdown-b1929721.html

https://www.theguardian.com/business/2021/jul/26/uk-economy-growing-at-fastest-rate-in-80-years-says-forecaster

https://www.theguardian.com/business/2021/sep/30/higher-nhs-spending-and-rise-in-exports-fuel-faster-uk-pandemic-recovery

all from approved 5th Column sources.

[Gromit]

The Ernst & Young Global Limited forecast is a prediction of recovery from 2020-21 pandemic when our economy was severely hit hard. We had lockdown, shops shut, furlough, job losses and travel restrictions. So when all that has gone away, of course there will be a recovery of 7% as our economy gets back to normal. The OBR prediction is long term, not a couple of years.

[ToraToraTora]

But gromit how is growth possible? The 5th column keep telling us we're heading for sack cloth and ashes?

[Gromit]

TTT

The OBR are not the 5th columnists, they are the oversight department of this Conservative Government. Their job is to crunch the Governments’ own figures and present the results without spin or bias.

Their report is saying Covid and Brexit will reduce our GDP over the long term. We will/are recovering from covid quickly, but that is not to say it has done lasting damage. They predict a 2% hit on GDP cause by covid.

[ToraToraTora]

Gromit I was referring to remoaners in like the OPer.

[Gromit]

I think I mean’t to write…

// but that is not to say it hasn’t done lasting damage. //

I’m going for a walk.

[douglas9401]

I see the TTPA brigade are abroad already.

[Gromit]

TTT,
The OP is just parroting what the OBR is predicting. Their report is an independent assessment of the data.

[ToraToraTora]

gromit: "The OP is just parroting what the OBR is predicting. Their report is an independent assessment of the data. " - well yes but he's claiming it's fact, probably due to the increasingly endemic remoaner syndrome RBID.

[Gromit]

TTT
You do realise the OBR was a Cameron/Clegg creation. They used the word ‘transparency’ a lot during its introduction.

[ToraToraTora]

well that's hardly going to Endear it to me Gromit, Cameron spat the dummy out as soon as he lost the referendum and Clegg was leader of the Lib Non Dems who simply wanted to ignore the result.

[ToraToraTora]

They may be right, but it's not a FACT as the OPer insists it is. Obviously literacy is a problem in the 5C.

[Spicerack]

//You do realise the OBR was a Cameron/Clegg creation.//

That certainly fills me with confidence. ;-)

[naomi24]

And so it should, spicerack. A lot of people here take them very seriously indeed. ;o)

[Stickybottle]

Gromit
TTT,
The OP is just parroting what the OBR is predicting. Their report is an independent assessment of the data.

The OP claimed that they were facts
A prediction is not a fact

The online definition of fact is:

a thing that is known or proved to be true.
"he ignores some historical and economic facts"

[archibaldy]

That’s not a fact if your business is ‘sovereignty’, the shelves are stacked full of the stuff and the world can’t get enough of it.

[Bobbisox1]

How utterly boring that even after 31 January 2020, 11:00 pm GMT, sore losers still go on about it , it was a fair vote ,would those who whinge like the best of 3 ?

[youngmafbog]

Clearly no shortage of sour grapes around.

You lost so keep chomping on them.

[archibaldy]

Sour grapes is actually the wrong phrase here, it doesn't mean what you think it does.

Bitter pill may be a better analogy.

[youngmafbog]

//Covid (or its effects) will go away soon//

Well, thats a very positive attitude for once from you Gromit. However, whilst I agree some of the effects will go quickly (We seem to be experiencing a V recovery) some like the debt wont go away for many years. If at all.

Bottom line is I dont think the two are comparable. Plus its going to be very difficult to asses which one would be to blame if things dont go the way some people want. Add into that various budgets, changes of Governments and regimes around the World and your on pretty much a hiding to nothing for root cause.