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Well, Corbyn has been taking a beating because of what he's ignoring. At this point in the electoral cycle Labour should be well ahead of the Conservatives. The

Well, Corbyn has been taking a beating because of what he's ignoring. At this point in the electoral cycle Labour should be well ahead of the Conservatives. They should have cleaned up in the last round of council elections. Neither happened, and it's partly because Corbyn is seen as ignoring those sorts of things. Meanwhile the current government isn't ignoring the economic impact. So far there has been none - the economy is growing and has little spare capacity, if you believe the 4-5% unemployment lower bound. As for future economic impact when the EU inevitably tries to block UK companies and trade, that's pretty much all the Tories are talking about these days. Very much not ignoring it. So I'm not sure I agree that the government is downplaying the concerns of the people.

raverbashing 8y ago
> when the EU inevitably tries to block UK companies and trade FTFY > when the EU uses border/customs rules for countries they don't have an agreement with
LloydPickering 8y ago
The Governor of the Bank of England disagrees with you that there has not been an economic impact yet. His estimates are that we have lost possibly as much as 2% of GDP as a result of the vote. http://www.bbc.co.uk/news/business-44207677 http://www.bbc.co.uk/news/business-44207677 I'd also point out that last year in the first 3Qs the UK grew its economy, true, but at by far the slowest rate of any of the G7 countries indicating we are lagging behind. Not all of that can be definitively put at the feet of Brexit of course. https://uk.reuters.com/article/uk-britain-economy-performance/leader-to-laggard-uk-economy-loses-ground-after-brexit-vote-idUKKBN1FE1LD https://uk.reuters.com/article/uk-britain-economy-performanc... I don't think the government is actively ignoring the economy, I just think they are hamstrung by the clear divisions in the nation (and indeed their party) as to whether we pursue a hard Brexit, or a Brexit in name only.
- repolfx 8y ago
  And I say he's wrong. BoE and the profession of economics in general has a long history of failure to make correct economic predictions. Carney in particular has a catastrophically bad track record of predictions with respect to Brexit and has been publicly and repeatedly slated for it. He can pull some figures out of the air to claim that the UK has "lost" economic performance compared to some model he won't reveal, if he likes. Those of us who understand the limitations of macroeconomics will roll our eyes and ignore his biased pseudo-intellectual nonsense.

raverbashing 8y ago

> when the EU inevitably tries to block UK companies and trade FTFY > when the EU uses border/customs rules for countries they don't have an agreement with

LloydPickering 8y ago

The Governor of the Bank of England disagrees with you that there has not been an economic impact yet. His estimates are that we have lost possibly as much as 2% of GDP as a result of the vote. http://www.bbc.co.uk/news/business-44207677 http://www.bbc.co.uk/news/business-44207677 I'd also point out that last year in the first 3Qs the UK grew its economy, true, but at by far the slowest rate of any of the G7 countries indicating we are lagging behind. Not all of that can be definitively put at the feet of Brexit of course. https://uk.reuters.com/article/uk-britain-economy-performance/leader-to-laggard-uk-economy-loses-ground-after-brexit-vote-idUKKBN1FE1LD https://uk.reuters.com/article/uk-britain-economy-performanc... I don't think the government is actively ignoring the economy, I just think they are hamstrung by the clear divisions in the nation (and indeed their party) as to whether we pursue a hard Brexit, or a Brexit in name only.

repolfx 8y ago
And I say he's wrong. BoE and the profession of economics in general has a long history of failure to make correct economic predictions. Carney in particular has a catastrophically bad track record of predictions with respect to Brexit and has been publicly and repeatedly slated for it. He can pull some figures out of the air to claim that the UK has "lost" economic performance compared to some model he won't reveal, if he likes. Those of us who understand the limitations of macroeconomics will roll our eyes and ignore his biased pseudo-intellectual nonsense.