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UK faces worst downturn of any advanced economy, OECD says

bbc.co.uk

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Re: UK faces worst downturn of any advanced economy, OECD says

#4
post #3
post #2

Rejoin eu reverse it

Can't unspill milk.

In this instance, you can unspill a lot of the milk by unwinding Brexit.

The UK won't get back the absolutely insane, sometimes one-sided benefits that they had before Brexit--those are gone permanently.

However, they would get back the unified market and probably arrest the destruction of London as a financial center.

Re: UK faces worst downturn of any advanced economy, OECD says

#6
post #4
post #3

Earlier quoted context omitted.

Can't unspill milk.

In this instance, you can unspill a lot of the milk by unwinding Brexit. The UK won't get back the absolutely insane, sometimes one-sided benefits that they had before Brexit--those are gone permanently. However, they would get back the unified market and probably arrest the destruction of London as a financial center.

Their re-admittance isn't guaranteed.

Re: UK faces worst downturn of any advanced economy, OECD says

#7
post #4
post #3

Earlier quoted context omitted.

Can't unspill milk.

In this instance, you can unspill a lot of the milk by unwinding Brexit. The UK won't get back the absolutely insane, sometimes one-sided benefits that they had before Brexit--those are gone permanently. However, they would get back the unified market and probably arrest the destruction of London as a financial center.

I'm ok with London as a financial center being destroyed if it means the rest of the UK gets more resources & investment, and thus wealth spreads more equally.

It's always been wild to me the difference between London & the rest of the UK.

Re: UK faces worst downturn of any advanced economy, OECD says

#8
There have been some concrete advantages to Brexit:

- Regained control of borders. This is going to be an increasingly important issue going into the 21st century as Africa is going through an enormous population boom. -No longer on the hook for the debt of certain EU nations (Italy and Greece being big ones)

It'll be interesting to see his this shakes out over the next decade. If the UK achieves some degree of freetrade with the EU while regaining control of borders and a more independent ability to adapt to changing conditions, they could still come out of Brexit up. And tbh a few hits to the City and London area aren't necessarily a bad thing imho. The rest of the country needs some serious attention (Scotland as an independent nation would very possible have the worst social and economic outcomes of all Europe).

Re: UK faces worst downturn of any advanced economy, OECD says

#9
post #4
post #3

Earlier quoted context omitted.

Can't unspill milk.

In this instance, you can unspill a lot of the milk by unwinding Brexit. The UK won't get back the absolutely insane, sometimes one-sided benefits that they had before Brexit--those are gone permanently. However, they would get back the unified market and probably arrest the destruction of London as a financial center.

I think if they negotiate a treaty with the EU that is purely an economical relationship that might work but migration and the EU parliament's oversight are things a lot of brits still oppose so it would be like getting back together with your ex that misses but hasn't changed much really. I think the UK basically needa the equivalent of NAFTA with the EU.

Re: UK faces worst downturn of any advanced economy, OECD says

#10
post #7
post #4

Earlier quoted context omitted.

In this instance, you can unspill a lot of the milk by unwinding Brexit. The UK won't get back the absolutely insane, sometimes one-sided benefits that they had before Brexit--those are gone permanently. However, they would get back the unified market and probably arrest the destruction of London as a financial center.

I'm ok with London as a financial center being destroyed if it means the rest of the UK gets more resources & investment, and thus wealth spreads more equally. It's always been wild to me the difference between London & the rest of the UK.

But the pie will be smaller. Much smaller. And there’s no reason to think the average Brit will be getting a bigger piece of it. If anything I’d expect the exact opposite.
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