Law0 min ago
Telling It How It Is
...... would you not say ?
https:/ /www.co nservat ivewoma n.co.uk /time-t o-jump- out-of- the-glo balists -pan-of -boilin g-water /
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Answers
Can agree with much of that. But the water has been being heated for ages, in many different areas of life/ society, and folk fall for it and actually support it.
10:46 Sun 27th Nov 2022
NJ, well there is no point in supplying full details of the organisation reporting the £100 billion loss to the UK economy (as a direct result of Brexit), if such an amount is not a disaster.
Bear in mind that this £100 billion loss is a year on year figure for the foreseeable future – so in 10 years time the losses will total of the order of £1 trillion (£1,000,000,000,000) to the UK economy.
Bear in mind that this £100 billion loss is a year on year figure for the foreseeable future – so in 10 years time the losses will total of the order of £1 trillion (£1,000,000,000,000) to the UK economy.
//NJ, well there is no point in supplying full details of the organisation reporting the £100 billion loss to the UK economy (as a direct result of Brexit), if such an amount is not a disaster.//
I take it by “the economy” you mean the UK’s Gross Domestic Product” (GDP). The UK’s GDP currently stands at around £2,200bn (very roughly). The £100bn that you mention therefore represents a bit under 5% of that. (Again these are rough figures – exactitude is not critical as you will see).
Since the end of Q4 2021 (probably the earliest that the effects of the pandemic can be said to have eased for any meaningful comparisons to be made) it has risen by 0.7%. You can see these numbers (along with the understandably violent swings either side of the pandemic) in figure 1 of this ONS report:
https:/ /www.on s.gov.u k/econo my/gros sdomest icprodu ctgdp/b ulletin s/gdpfi rstquar terlyes timateu k/julyt oseptem ber2022
Now I will accept that the economy is still recovering from the pandemic and figures at present are probably not entirely representative. But we can only go on what we both have. I’ve used Q4 ‘21 as a base because if I used any earlier figures unjustifiably high growth would have been evident as a result of recovery from Covid (GDP has grown by almost 10% since Q3 2020). So I’ve tried to avoid cherry picking.
But the real issue is this: whether or not I call a hit of £100bn a disaster or not, I’d love to know where you get the idea that the UK’s GDP will drop by 5% per annum when it is currently showing little or no sign of dropping at all. You said this:
“I believe one of the figures quoted was a loss of £80 billion a year to the UK economy – which has been revised up to £100 billion…”
So who “quoted” this figure? Is it a forecast? If so what’s its basis? Is it simply an extrapolation of the 0.6% decline in GDP in September? If so, this should be borne in mind, as stated in the ONS report:
“As published today (11 November 2022) in our GDP monthly estimate, UK bulletin, GDP is estimated to have fallen by 0.6% in September 2022. It is important to note that data for September 2022 are affected by the bank holiday for the State Funeral of Her Majesty Queen Elizabeth II, where some businesses closed or operated differently on this day. As this is a one-off event, this impact does not get removed from our seasonally adjusted estimates.”
But more (or even more incredible, IMHO) than that, you go on to say this:
“Bear in mind that this £100 billion loss is a year on year figure for the foreseeable future…”
Do you seriously believe that the UK’s GDP will halve in ten years (and presumably reduce to zero ten years after that) simply as a result of our leaving the EU (bearing in mind it only dropped by 20% when much of the economy closed down in the Spring of 2020)?
If you take these ONS figures at face value, I’m sure you can understand my confusion and also why I continually ask where these figures you continually rely on are coming from.
I take it by “the economy” you mean the UK’s Gross Domestic Product” (GDP). The UK’s GDP currently stands at around £2,200bn (very roughly). The £100bn that you mention therefore represents a bit under 5% of that. (Again these are rough figures – exactitude is not critical as you will see).
Since the end of Q4 2021 (probably the earliest that the effects of the pandemic can be said to have eased for any meaningful comparisons to be made) it has risen by 0.7%. You can see these numbers (along with the understandably violent swings either side of the pandemic) in figure 1 of this ONS report:
https:/
Now I will accept that the economy is still recovering from the pandemic and figures at present are probably not entirely representative. But we can only go on what we both have. I’ve used Q4 ‘21 as a base because if I used any earlier figures unjustifiably high growth would have been evident as a result of recovery from Covid (GDP has grown by almost 10% since Q3 2020). So I’ve tried to avoid cherry picking.
But the real issue is this: whether or not I call a hit of £100bn a disaster or not, I’d love to know where you get the idea that the UK’s GDP will drop by 5% per annum when it is currently showing little or no sign of dropping at all. You said this:
“I believe one of the figures quoted was a loss of £80 billion a year to the UK economy – which has been revised up to £100 billion…”
So who “quoted” this figure? Is it a forecast? If so what’s its basis? Is it simply an extrapolation of the 0.6% decline in GDP in September? If so, this should be borne in mind, as stated in the ONS report:
“As published today (11 November 2022) in our GDP monthly estimate, UK bulletin, GDP is estimated to have fallen by 0.6% in September 2022. It is important to note that data for September 2022 are affected by the bank holiday for the State Funeral of Her Majesty Queen Elizabeth II, where some businesses closed or operated differently on this day. As this is a one-off event, this impact does not get removed from our seasonally adjusted estimates.”
But more (or even more incredible, IMHO) than that, you go on to say this:
“Bear in mind that this £100 billion loss is a year on year figure for the foreseeable future…”
Do you seriously believe that the UK’s GDP will halve in ten years (and presumably reduce to zero ten years after that) simply as a result of our leaving the EU (bearing in mind it only dropped by 20% when much of the economy closed down in the Spring of 2020)?
If you take these ONS figures at face value, I’m sure you can understand my confusion and also why I continually ask where these figures you continually rely on are coming from.
Nigel "Testing the Water";
https:/ /www.ex press.c o.uk/ne ws/poli tics/17 02286/n igel-fa rage-re d-wall- mps-con servati ve-refo rm-brex it-part y-lates t-news- ont
Tories & Labour be scared :0)
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Tories & Labour be scared :0)
Anti vaxers, as the name tells you, are against vaccination, full stop, not just misgivings over specific ones. And the data coming through does suggest they raise the risk value in those who have had them. This guy has proven a good source of information throughout https:/ /youtu. be/Jb2Y Mvfvm_M