EU

[Psaw]

Following that logic, we might as well dig each others graves. It is true as day follows night, when Labour get kicked out, the Conservatives always ride to the rescue, then they get kicked out because Britain has money again.

The Communists foul up royally, as always, then the conservatives get back in, its like the socialists get in when we can afford it.

Its time Britain grew up. I would like to see a Conservative government with money to spend.

Socialism does not work.

[Neil_McDonalds_dick]

This taking a snapshot of the UK economy is silly. A company can make a loss in any year and we can point that out. But that company can have a long term record of doing well and thus the loss in one year is of no long term significance, since it will routinely have cash reserves from its normal better years and it will once more get back to routinely making profits. Despite being routinely p­issed on by the EU the UK has a rock solid fundamental economy which is so vastly superior to the whole of the EU that comparison, if it could be made, would be embarrassing to the EU. Now that the UK is free of such inhibiting factors as EU membership we can expect it to do very well. Whilst of course the EU has lost one of its two main benefactors and it is heading into the deepest of s­hit. It is quite some time since the EU produced a signed off set of accounts and the reasons for that are obvious.

[howoldboy]

This taking a snapshot of the UK economy is silly. A company can make a loss in any year and we can point that out. But that company can have a long term record of doing well and thus the loss in one year is of no long term significance, since it will routinely have cash reserves from its normal better years and it will once more get back to routinely making profits. Despite being routinely p*issed on by the EU the UK has a rock solid fundamental economy which is so vastly superior to the whole of the EU that comparison, if it could be made, would be embarrassing to the EU. Now that the UK is free of such inhibiting factors as EU membership we can expect it to do very well. Whilst of course the EU has lost one of its two main benefactors and it is heading into the deepest of s*hit. It is quite some time since the EU produced a signed off set of accounts and the reasons for that are obvious.

I have attached a link to a free copy of the "signed off" EU Accounts as at 31 December 2019.

The Annual Accounts as at 31 December 2020 will not be available until after the year end.


https://ec.europa.eu/info/publicatio...counts-2019_fr

[howoldboy]

This taking a snapshot of the UK economy is silly. A company can make a loss in any year and we can point that out. But that company can have a long term record of doing well and thus the loss in one year is of no long term significance, since it will routinely have cash reserves from its normal better years and it will once more get back to routinely making profits. Despite being routinely p*issed on by the EU the UK has a rock solid fundamental economy which is so vastly superior to the whole of the EU that comparison, if it could be made, would be embarrassing to the EU. Now that the UK is free of such inhibiting factors as EU membership we can expect it to do very well. Whilst of course the EU has lost one of its two main benefactors and it is heading into the deepest of s*hit. It is quite some time since the EU produced a signed off set of accounts and the reasons for that are obvious.

I have attached a link to the House of Commons Library (yes that is the UK Parliament) which compares GDP performance of the UK and the EU.

It seems to suggest that in the last 12 months the Eurozone has outperformed the UK.

It also provides IMF Forecasts suggesting the Eurozone will continue to outperform the UK.

Strangely the IMF don't seem to make any mention of the Eurozone "heading into the deepest of ****".


https://commonslibrary.parliament.uk...as%20%2D2.9%25.

[Neil_McDonalds_dick]

You seem to be determined to concentrate on this year in which massive government payments have been made in order to sustain long term economic progress and employment prospects. Such payments are investments which will be losses in the immediate period.

P­iss poor performance and massive debt over long periods of time (which can never be repaid) have made 18 EU countries into permanent basket cases living off German and UK subsidies. Furthermore the overall context of Greece, Italy, Spain and France economies is grim indeed. This is even without taking into account the exit of the UK and Covid 19 which will financially affect every country for two generations. The EU has another very serious weakness which puts it even deeper into the s­hit, it abhors healthy competition and tries to suppress it. Of course the Euro has also played a significant part in the demise of the EU.

Given all these factors the EU is utterly f­ucked and the UK has a very bright future as an independent country governed by its elected politicians rather than by un-elected villains in Brussels.

[The_Clap]

If there is any money anywhere in the EU it has been put there by Germany and the UK. To believe otherwise is an utter fantasy.
The UK got out just in time, otherwise it would have been burdened with for ever doing its routine subsidising of all the failed states plus subsidising those states for the financial effects of Covid 19 plus further subsidies for the negative financial effects of the disastrous Euro Zone.

It is a certainty that there are at least 4 EU member states that would rather be out of the EU. They will be watching the progress of the UK.

The UK has no need of a trade deal because it can trade OK worldwide. But the EU desperately needs a trade deal with the UK. For the EU no deal brings forward the date of its bankruptcy.

[howoldboy]

You seem to be determined to concentrate on this year in which massive government payments have been made in order to sustain long term economic progress and employment prospects. Such payments are investments which will be losses in the immediate period.

P*iss poor performance and massive debt over long periods of time (which can never be repaid) have made 18 EU countries into permanent basket cases living off German and UK subsidies. Furthermore the overall context of Greece, Italy, Spain and France economies is grim indeed. This is even without taking into account the exit of the UK and Covid 19 which will financially affect every country for two generations. The EU has another very serious weakness which puts it even deeper into the s*hit, it abhors health competition and tries to suppress it. Of course the Euro has also played a significant part in the demise of the EU.

Given all these factors the EU is utterly f*ucked and the UK has a very bright future as a member of the World Premier League.

You may have missed my earlier post.

Of the 26 EU member states, only 7 countries have higher Debt-to-GDP ratios than the UK.

That means 19 member states have lower Debt-to-GDP ratios than the UK.

Therefore, if you are determined to use the words "basket case", economic evidence tends to suggest the UK is more of a basket case than 19 of the 26 EU member states.

In addition, membership of the EU (and the combined strength that membership provides) may well ensure that, in future, these countries will have a significant competitive advantage over the UK.

Time will tell.

[howoldboy]

If there is any money anywhere in the EU it has been put there by Germany and the UK. To believe otherwise is an utter fantasy.
The UK got out just in time, otherwise it would have been burdened with for ever doing its routine subsidising of all the failed states plus subsidising those states for the financial effects of Covid 19 plus further subsidies for the negative financial effects of the disastrous Euro Zone.

It is a certainty that there are at least 4 EU member states that would rather be out of the EU. They will be watching the progress of the UK.

The UK has no need of a trade deal because it can trade OK worldwide. But the EU desperately needs a trade deal with the UK. For the EU no deal brings forward the date of its bankruptcy.

You say the UK has no need for a trade deal with the EU because it can "trade OK worldwide".

Using that logic presumably the EU has no need for a trade deal with the UK because the EU can "trade OK worldwide".

If the EU is in a stronger position than the UK (both economically and because of its combined strength) why is it more likely to be heading for bankruptcy than the UK?

[The_Clap]

Yet again you make a fundamental error. For any trade deal the EU has to get the agreement of its entire 26 member states before it can proceed. There are countless trade deals that it cannot do because all it takes is for one member country to not want a deal done. This has often occurred because there has often been at least one member country that does not want a trade deal done with a country that has a powerful industry that competes with its main industry. Of course overall this is a very serious weakness for the EU.

This has happened often. There are numerous trade deals that the EU has not been able to do worldwide because its individual member countries detest competition. Whereas the UK, being one country, does not have such problems, it revels in healthy competition, indeed it is always gagging for it.

[howoldboy]

Yet again you make a fundamental error. For any trade deal the EU has to get the agreement of its entire 26 member states before it can proceed. There are countless trade deals that it cannot do because all it takes is for one member country to not want a deal done. This has often occurred because there has often been at least one member country that does not want a trade deal done with a country that has a powerful industry that competes with its main industry. Of course overall this is a very serious weakness for the EU.

This has happened often. There are numerous trade deals that the EU has not been able to do worldwide because its individual member countries detest competition. Whereas the UK, being one country, does not have such problems, it revels in healthy competition, indeed it is always gagging for it.

So presumably you think the EU would function better if it worked on a consensus basis rather than unanimous. I probably agree, although I think an exception would need to be made if a particular issue conflicted with any individual member's core beliefs.

If that was the case (and a bit like a typical UK Boardroom) the debate should continue, with data gathering and amendment as necessary, until an agreement is reached which meets an appropriate standard and is supported by all, even if it is not regarded as the optimal solution by all.

While the UK was in Europe it had the opportunity to participate in this type of discussion and influence the EU from within.

Arguably, this type of consensus approach would be a big step forward in the world of democratic politics (especially the UK and USA) where debate is increasingly polarised (e.g. Brexit) and consequently long term progress is consistently sacrificed for short term gains.

Unless this changes it is likely that somewhere down the line UK will join the EU again and next time will be more willing participants.