UK Politics

Governments were very rosy in 2008 about the financial situation. A lot of financial analysts weren't. I remember learning in university about the subprime mortgage bubble and how it would impact our shared economies - and that was 3-4 years before the bubble burst.

Nobody (economists, politicians) anticipated or predicted how bad it was going to be, so since then I always tend to take these analyses with a pinch of salt.
 
6 people are not what I would describe as quite a few people, especially when you compare that number to those who did not notice anything or raise any alarms. ;)
At the govenmental level there was a hell of a lot of denial. At the academic level there was concern that was aggressively downplayed.
 
That proves that what us academics say should be listened with attention. :D
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There is some truth to being stuck in an academic ivory tower disconnected from actual discourse, but I don't think it merits completely ignoring academics.
 
Not just May's deal. The Guardian's article states he believes ALL Brexit scenarios leave the UK worse off:

https://www.theguardian.com/politic...TRSHF8r44SVXGdv8569RO6KwWhsTA6GAPfuuLyaGscPGo

All scenarios suggest that we would be worse off out of the EU.

Now, shall I believe the experts who wrote those studies or a millionaire who chairs a company in Wales that is not exactly an example of economic success and by his own admission is terrible at maths who is relaxed about the consequences of Brexit? Decisions, decisions...
 
I'm not convinced. We hear that every now and again and nothing happens. MPs also threaten to start a vote of no confidence if May doesn't do whatever in 72 hours but nothing ever happens
 
Bruce shows understanding for populist movements in the EU:

He threatens with a Federal system. The man is ridiculously uninformed.

He says Brexit will enhance the UK's economic possibilities! Righto.
Meanwhile, the pound dropped again. It means everything the UK buys abroad has now become more expensive. The UK happens to import 50% of all of its food. Plus UK exports have fallen for the 6th consecutive quarter since Brexit was announced.

What exactly are the benefits of being a poorer country?
 
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