"Tories have maxed up UK state debt by 2.5 times in just 9 and half years!" This is unprecedented in peacetime!
"Despite #Tory#Lies to the contrary? UK #economy is flat on its back, and likely to fall further - GDP was just 0.1% in the 6 months to 30sep19 being our worst showing since the financial crash!"
GDP(Gross Domestic Product) = total output of UK #economy, on which vital tax-take depends. HMG needs our tax (from companies, employees, householders) to fund OUR public services. Flat GDP growth (low % uplift) means less capability to fund services on which we depend!
Just days away from a #GE2019 which will shape UK for many generations to come!
Some incontrovertible facts:
1/ UK GDP% growth has stalled, at just 0.1% over the 6 months to 30sep19 (so, virtually flat-lining). This is the worst 1/2 year performance since the financial crash.
2/ Three plus years on from the disastrous #EURef, we now KNOW that destabilising Russian influence/cash was a material factor in driving the #Leave Vote. So, #RussiaReport MUST be released BEFORE we vote again in #GE2019.
3/ Russian agents also freely KILL (when directed & funded to do so) on the streets of Britain, so let's not readily 'pooh pooh' their ambition & reach to destabilise both the #UK & #EU.
#OpportunityCost is the aggregate net cost of doing something, vis a vis 'not doing it' at all.
The initial project, option & prospect of #Brexit came with huge opportunity costs, which were too easily pre-discounted as #ProjectFear. 1/
The initial #Leave case, dramatised by the #BorisBus, contended that UK could save its £350m pw #EU 'gross membership contribution' and pass that 'saving' straight to the #NHS - as 'additional funding'. 2/
The #Leave case focused on saving UK's #EU gross membership cost in favour of #NHS.
It ignored regular #EU annual contributions back into a multiplicity of UK projects, which would obviously be stopped, if we ceased membership.
It's now painfully clear and beyond any doubt: 1. That the sunny, cost-free, easy-access uplands, posited by the Brexit cult, are mendacious fantasy. 2. That the ever-growing costs, downsides and consequences of Brexit are very real and intellectually indisputable. #BrexitChaos
We may tire of confronting the undisputed opportunity costs* of #Brexit#CatastrophUK (c.£130bn so far, rising at c.£1.2bn weekly) but our *GDP *Currency *Property Values *Stock Market *Govt Borrowing *Ongoing #Brexodus (ref: @uk_domain_names) combine to drag the UK backwards.
UK's HUGE #Brexit threat stems from a bizarre & unprecedented confluence of 5 Groupings: 1/Political #Blukip Zealots/Little Englanders 2/Badly-informed & Manipulated Masses, 3/Dominant UK Media interests 4/FarRightRussian/USA/powers 5/Ultra-rich Financiers & Offshore Moguls. 1/10
Drill down: 1/#Blukip has been 'on this' for years. If not led by Dr Snake Oil himself #FarRightRage then by someone else? English Nationalism has been SO easy to stoke, in a totally policy-free way!, with Scottish Nationalism pushing its case daily and pissing off Anglos. 2/10
2/ Badly-informed/Manipulated Masses have been an easy target after years of Tory Austerity. They are 'useful idiots' to the four more deadly & focused groupings. Spoiler alert! They'll also be, by FAR, the very hardest HIT, so expect a backlash - when they finally wake up! 3/10
#Brexit ALREADY costs UK £1bn pw as we Hit Holidays! @GoldmanSachs put that lower at £600m. but I'm looking at 2+% less GDP (than would have been); more Govt Debt (+interest); the growing impact of #Brexodus on jobs/taxtake; £devaln.&inflation creep, reducing Property values.1/20
@GoldmanSachs Am puzzled & mortified? that UK's so-called Major Political Parties @Conservatives@UKLabour seem umbilically disconnected? from the financial IMPACT of their recent (let's say) 'accidental collusions' and Brexit-Birth-Giving! Why the co-incidental & costly numeracy lapse? 2/20
Any #Brexit would be a total #Catastrophuc for UK! Reasons will follow in this 12 part thread, to be developed over coming days. If you know of any NET benefits from #Brexit, please feed them in. They'd need to be good to match the >£1bn pw this mess is ALREADY costing US! 1/12.
Easiest one first! Full #EU membership (as NOW) gives the UK unrestricted tariff-free & frictionless trade access to an enlarged & well developed HOME market of 550+ million people in 27 fellow member states, being SO much MORE than our own UK of 4 much smaller parts. 2/12.
Brexiteers discount EU's relentless progress in terms of comprehensive trade deals with international markets. While UK has been a busy fool, chasing Brexit and getting nowhere! EU has signed Canada, Korea, Japan and (recently) Brazil & Argentina! All OURS to access NOW! 3/12.
@spaceangel1964 Space 1/ EU is arguably less corrupt (pro rata) than UK, USA, China, Russia, which is not to say that it's more efficient?
I'd put it at least 'marginally ahead' of UK/USA & well ahead of China/Russia. UK media has constantly bashed EU, for selfish reasons & infected many minds.
@spaceangel1964 Space 2/ Apart from OUR home mkt of EU27! UK has a growing Global Platform of EU trade deals (in which we have a say!) with 70+states eg S Korea, Canada, Japan. Our exporters ALREADY use that to good effect. Others eg NZ will do a deal with EU ahead of UK, coz of EU's scale.
@spaceangel1964 Space 3/ UK ALREADY sells £70billion to USA & £50billion to China EACH YEAR - without ANY FTA (free trade agreement). £120 billion of annual sales say it can be done NOW if we have the right product/price et al. There is NO barrier than leaving the EU removes!
While UK spirals down & out of control, gripped by self-inflicted Brexit-fixated inward-looking dirty-selfish politics, Major Parties talk to themselves with NO results, so far. Yet, every passing day brings new reasons to put Brexit to a #PeoplesVote with the option to #Remain.
The wheels are falling off 'any Brexit' with each passing revelation of FACTUAL REALITY. Anyone who can't see that (regardless of how they voted) is not keeping up! The doubters in Parliament will be swelling in numbers, by the minute. #TriggerIsComing #PeoplesVote #endthechaos
Life is a hard journey. We ALL have to admit IT, when wrong! Only alternative is digging in, ever deeper, to that wrongful position (aka 'bad decision bias'). I say to Leavers, now, take another fresh look and rethink! This is ALL our futures! #TriggerIsComing#PeoplesVote soon!
51.9% v 48.1% in an ADVISORY referendum, held more than 2 years ago, is clearly NOT today's #WOTP, so a #PeoplesVote is NOW a MUST HAVE, re any final EU destination - incl. #Remain. Will that happen? YES! #TriggerIsComing, soon.
IF we do leave the EU, big IF, I predict that there'll be a marked tendency for Remainers to Leave the UK, and for Leavers to Remain, stuck here. Losers perpetually banking on Winners to just suck it up, and blithely bail them out, just #May be disappointed. There, I've said it!
Close relatives who departed these shores in the 60's, 70's, 80's, 90's, 00's, 10's felt they perceived a better future 'elsewhere'. Am beginning to get it, at last! I #May be a slow learner, or just late to awake to the now revealed realities of the UK, and its 'true prospects'.
Of course, there's an easy alternative. Put the latest EU options (realistic ones only, please, including #Remain!) to a new #PeoplesVote - That should inform us as to the current #WillOfThePeople. That'd be a great start! Better late than never!
We are now witnessing the final death throes not just of the May Government, but of the @Conservatives as we have come to know them: self-serving, self-obsessed, self-promoting, self-seeking, self-ish, self-destroying, Good riddance!
UK's electorate, especially our Youth, will severely punish @Conservatives at EVERY future ballot opportunity, Ad Infinitum! This process started with #GE2017 - but if it were re-run as #GE2018, they'd be right OUT! We demand a #PeoplesVote to stop this insanity and halt #Brexit!
In essence: The UK has kidded itself to believe that economic gravity can be defied. It can't. For people to be seriously misled in 2016 is bad enough; but for Blukip Mayhem & Co to NOW be leading them towards disaster in 2017/18, absent any #PeoplesVote, is totally unforgivable!
Don't believe that Blukip Mayhem & Co realise just HOW far adrift they have become from public opinion NOW! Of course, they could put ANY deal? Big IF? to a #peoplesvote, and test the will of the people to which they love SO much to defer? Democracy? Do they really believe in it?
Hard to escape the view that 'so called' UK Democracy has been completely hijacked by Blukip Mayhem & Co. There's NO mandate to trash our economy in the way now daily unfolding. It's totally risible to suggest that we'll go global from the self-inflicted wreckage of what we had.
Triple hit from #Brexodus; deferred, reduced or cancelled #BusinessInvestment and collapsing consumer #Confidence look likely to impact UK #GDP when #Q2 stats are known. Will Blukip Mayhem & Co take any notice? Or just keep racking up yet more debt, as UK #TaxTake recedes!
Backed by 70% of voters (#LocalElections2018) our two major parties aim to take UK down to the minor leagues of sub-#G20 growth, supported by NO detailed plans as to the costs, complexities & consequences of such bizarre recklessness. Not just insane, but amazingly short-sighted!
2. Is this a case of who blinks first? Surely I, and fellow well-informed remainers, are not in exclusive possession of key economic facts and trends? Con/Lab MUST have these too? Maybe everyone should check the latest @guardian piece by @williamnhutton!
3. People who think Brexit (in any form!) would be easy, painless or cost-free are very sorely deluded! Maybe the 70% who just voted Con/Lab in #LocalElections2018 should have been asking 'that question' of their wannabe councillors? before parting with their votes? Too late now!
1. So, illegal/ruinous Brexit being pushed by HMG with no plan B & dead against latest WOTP. In other news, deportations of aged long-stay black residents continue & BBC 'pops up' with Full Monty of Enoch Powell racist speech from 50 yrs ago. Britain NOW neither Great nor United!
2. A grim co-incidence of unwelcome home/foreign events makes it more likely that both Houses of Parliament will find a way to #StopBrexit2018 - now that its implications look even less appealing to British voters, on the back of an #Euref vote that looks ever less safe & valid!
3. If both Houses of Parliament don't #StopBrexit2018, what's at stake for the UK?
a Economy will be trashed
b Union will be broken
c NHS will be privatised
d State benefits will be slashed
e National debt crisis will provoke yet more currency devaluation + higher inflation.
Am becoming increasingly annoyed by all these lurid alt-right leavers who keep saying "But we'll be able to do this & that after Brexit". Will we? What can't we do now? Their argument is fantasy-on-stilts, predicated on yet more devaluation of UK currency (which they've hedged).
"If only" I could believe that these alt-right Tory blukippers have the UK national interests at heart? When it screams at me through every pore, that they're totally self-centred, self-serving, self-interested & (guess what?) self-invested! And the benefits of Brexit are what?
And the benefits of Brexit are what? 21+mths into this madness, someone should surely be able to update us? Not "we could do this or that vagueness" but how will be net better off (however measured!) than we are TODAY! No sane person commissions CHANGE that is not of net benefit!
10 mths on from a rash, premature, totally unplanned #Article50 trigger, we still await clarity as to what #Brexit might mean? But HMG has now confirmed what we knew 19 mths back - Brexit remains totally unaffordable! We've spent a fortune to establish that simple & obvious fact!
Have known from the off that Brexit must be halted: 1.Our negotiating position was weakened by #A50 trigger, not strengthened. 2.Obvious from day 1 that ANY form of Brexit would be totally unaffordable - as we have 5x more debt since 1997 and run a huge visible trade imbalance.
- 3.UK has a dominant services sector (incl financial services) and stands to lose disproportionately MORE than any other of the EU27, from leaving the SM & CU. 4.Our overall productivity also lags the G20 norm, not a good 'go-it-alone' platform!
Among reasons for opposing Brexit is UK's unpreparedness for such a huge change! Unless we stop this now, the purported benefits may be less than pre-sold? and the warned downsides may well be worse? If either or both? our public finances could implode under self-imposed strain.
Consider UK's low productivity relative to our G20 peers - well publicised but poorly understood? Improving 'this' over a sustained period would surely have been preferable pre-requisite prior to anything as profound as Brexit!
Look at UK's ballooning national debt, which has 'more than quadrupled' since John Major left office in 1997. Ask any ordinary Jo if they'd fancy racking up such a huge mortgage? (ours is £2 trillion) before resigning a job to venture into business on their own!