Scars mark Britain's economy 10 years after Brexit vote
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Re: Scars mark Britain's economy 10 years after Brexit vote
#2Working people did not want brexit. Business owners did not want it. The numbers were tipped by old retirees who had died by the time it actually happened.
Re: Scars mark Britain's economy 10 years after Brexit vote
#3Brexit does seem to have been a general loss for Britain.
But I'm very distracted by Germany - what happened/is happening there that they're faring so much worse than, say, France? (And in several of the cited measures, worse than the UK too?)
Re: Scars mark Britain's economy 10 years after Brexit vote
#4Brexit does seem to have been a general loss for Britain. But I'm very distracted by Germany - what happened/is happening there that they're faring so much worse than, say, France? (And in several of the cited measures, worse than the UK too?)
Germany is an interesting one.
One factor I think is the early EU days German growth was artificially high, juiced by cheap credit from German banks to peripheral countries which was then cycled into purchasing German industrial goods.
Previously peripheral countries had more indigenous industries protected by FX rate as well as some trade barriers.
The GFC broke this cycle, though it couldn't have gone on forever with or without the GFC.
Then Germany also kneecapped themselves in terms of energy policy, shutting down cheap nuclear power supplies and becoming dependent on Russian energy exports.
Re: Scars mark Britain's economy 10 years after Brexit vote
#5Brexit does seem to have been a general loss for Britain. But I'm very distracted by Germany - what happened/is happening there that they're faring so much worse than, say, France? (And in several of the cited measures, worse than the UK too?)
I'm not sure what's happening to Germany, but I suspect fax machines are involved.
Re: Scars mark Britain's economy 10 years after Brexit vote
#6I've got a great idea, let's elect the architect of this brilliant money-losing plan to be our PM!
Re: Scars mark Britain's economy 10 years after Brexit vote
#7Brexit does seem to have been a general loss for Britain. But I'm very distracted by Germany - what happened/is happening there that they're faring so much worse than, say, France? (And in several of the cited measures, worse than the UK too?)
Germany is an interesting one. One factor I think is the early EU days German growth was artificially high, juiced by cheap credit from German banks to peripheral countries which was then cycled into purchasing German industrial goods. Previously peripheral countries had more indigenous industries protected by FX rate as well as some trade barriers. The GFC broke this cycle, though it couldn't have gone on forever wi…
Energy prices for Gas play a role as do influx of refugess feom Ukraine for metrics such as GDP per person, but the key thing is China having reached the level of manufacturing prowess to eat into the German main industries (cars, machinery).
Re: Scars mark Britain's economy 10 years after Brexit vote
#8The country is a complete mess - cost of living has gone up massively, wages have gone up significantly slower, no increase in income tax bands mean any increase in wages are eaten by taxes, soon to be 7 prime ministers in 10yrs. Opportunities squandered in energy policy. Right wing rising, with reform no doubt winning the next election. I despair at my kids future - I’m not sure what there is to be optimistic about.
Re: Scars mark Britain's economy 10 years after Brexit vote
#9Working people did not want brexit. Business owners did not want it. The numbers were tipped by old retirees who had died by the time it actually happened.
Ah yes I remember in 2001 reading on Slashdot how only old Christians voted for Republicans/Bush, and they will soon die and George W Bush will not get re-elected.
It was even said on HN/Twitter during Covid 2021, how Trump supporters were dying in great numbers from refusing face masks and it was again Game OVER for Republicans, only for him to get elected again in 2024.
Re: Scars mark Britain's economy 10 years after Brexit vote
#10Working people did not want brexit. Business owners did not want it. The numbers were tipped by old retirees who had died by the time it actually happened.
Are you saying that 52% of British people are retired?