Home > General > Stay or Go? – Our Economy

Stay or Go? – Our Economy

This one is easy, in my opinion.

Nobody seem to  dispute that we are the fifth largest economy in the world. Or that we have a trade deficit with the EU.

I don’t believe that cutting off your nose to spite your face will ever appeal to  rEU*.

*rEU – I  had to waste 2 years using rUK  as shorthand for what would have been left of my country if the sad SNP bastards had managed to detach Scotland from my fellow countrymen in England, Wales and Northern Ireland. For the avoidance of doubt, I have no similar emotional attachment to rEU,  if we do decide to walk on 23rd June.

Moving on, the afore-mentioned SNP tried the nose-cutting argument in September 2014. They assured us that rUk would still love and respect us even after we had told them to take a walk.

The difference, of course, is that rUK are paying us for the privilege of our being rude to them. Whatever past oil revenue, us Jocks presently get more back from central UK funding than we contribute. This was not always the case in the past and it  may not be in the future. Who knows?

Consistently,  we Brits have been net contributors to the  EU coffers.. The £350,000,000 weekly figure is, of course, a total pile of keech and I hope that Michael Gove and chums will apologise for that assertion in due course. Not holding my breath, to be fair.

The flow is, however, to there and not to here. That might have been  acceptable in the days of high international trade tariffs. Not now.

Best estimates seem to suggest that we are paying 7% of our GDP to the EU for our allegedly level playing field. It also appears that that figure would be about 3%  if we were in an EFTA liason with them instead. Can’t see a down side.

The Remainers go on to claim  that our economy will tank if we opt out. Fair enough, but does that not mean that the £ will plunge, making our exports highly desirable? And will the EU traders who rely on their exports to us still  not want  to encourage us to buy their wares? Why would they impose tariffs on our exports to them  in the sure and certain knowledge that we would be retaliating for their exports to us?

Not being an economist , I find it difficult to quantify the effect that Brexit will have on our future growth, be it plus or minus. Added to which, who cares?

Our country will always be more important to me than any balance sheet.

Leave 1 Remain 0.

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Categories: General
  1. June 20, 2016 at 7:49 am

    The SNP comparison is valid, the big difference being the absence of goodwill from the EU. There has always been an us-and-them hostility towards the UK stoked by the usual French ambivalence about cooperation.

  2. June 20, 2016 at 9:29 am

    At present the EU are making all kinds of bellicose noises. That will cease if we vote to leave, they will be anxious to protect their trade and investments with Britain.

  3. Four-eyed English Genius
    June 20, 2016 at 10:19 am

    “Not being an economist” means you probably have more common sense insight into the ways of the world than their airy fairy theories of how things should work but rarely do. Whatever the economic arguments, and I think they favour Brexit, the question of sovereignty is all important to me.

  4. June 20, 2016 at 10:26 am

    Vote Leave attracts many different types. The UK economy is slewed (7% own 84% of the GDP) and if Scots vote stay (which they will) it forces a second referendum on independence. Excuse me, I must irritate 43 Chief Constables.

  5. Boadicea
    June 20, 2016 at 11:39 am

    Well John, if you are converted – go spread the word!

    Although I would suggest you don’t follow the example of an 80 year old man from Hove, who was arrested for the first time in his life for painting “Vote Leave” on walls in that area. He was released on the understanding that he wouldn’t leave his house with paint and a paint brush.

    I must find out if any of my Mum’s friends know him!

  6. June 20, 2016 at 1:54 pm

    Re Scotland. I don’t think it likely that the Scots would vote to leave the UK in the event that the UK vote on the 23rd is to leave the EU. But we cannot be held to ransom by the SNP.

  7. June 20, 2016 at 4:41 pm

    Here’s the thing: the Bremainers have clear evidence from years of experience that life in the EU is deteriorating and nothing can be done to change it – Cameron tried! So why do they fear change?

  8. sheona
    June 20, 2016 at 7:49 pm

    According to the FAZ, the Austrian Constitutional Court is now having a look at the postal votes cast in the recent close-run election for president of Austria. The right-wing candidate lost very narrowly. The Election Commission in the UK should also be prepared to examine very closely the postal votes cast in the referendum on Thursday. It was Blair who changed the postal vote rules in the UK with the express intention of benefiting Labour.

    Boadicea, if any of your Mum’s friends know this gentleman, ask her to pass on my congratulations.

  9. June 21, 2016 at 7:40 am

    Last ditch time, Cameron is now promising to reform the EU from inside. Would that be like tou did it recently or wha’?

  10. Boadicea
    June 21, 2016 at 9:19 am

    I see that Tusk has said that the EU needs to take a long hard look at itself! Looking is not what is needed – it needs to be disbanded.

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