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It’s interesting how every company that suddenly leaves the UK as the deadline approaches says it’s due to some other reason and factors. Even if it were true,

It’s interesting how every company that suddenly leaves the UK as the deadline approaches says it’s due to some other reason and factors. Even if it were true, it does bring up that when you destabilize an economy by adding uncertainty it puts you at more risk when weathering the other normal economic bumps. So what breaks the camel’s back may not be Brexit, but you’ve added a lot of burden to make a straw a bigger concern now.

pcurve 8y ago
To them brexit is a colossal cardboard box sitting on camel. They have no idea what’s even in it let alone compute how much it weighs.
pjc50 8y ago
> It’s interesting how every company that suddenly leaves the UK as the deadline approaches says it’s due to some other reason and factors. Nobody wants to get in a fight with the Brexit press.
repolfx 8y ago
Here's an interesting question about uncertainty. Can you measure it? What units is uncertainty measured in? If there are any, is there a curve that maps uncertainty to changes in GDP and if so on which historical events was this curve calibrated? If you ask these questions you rapidly find yourself into a bottomless spiral of, ironically, uncertainty, as the economics profession can't give a straight answer to any of them. In fact some economists think uncertainty based recessions don't exist at all. The UK appears to be a strong counterexample. It was supposed to experience a recession that wiped out half a million jobs due to the plunge in investment that would be triggered by the uncertainty of voting Leave. In fact the economy grew, wages went up, employment went up, immigration levels have hardly changed overall, and the UK is now the best performing EU country in the G7. Moreover despite there being tremendous uncertainty about whether there'll be a deal of any sort of all, there still doesn't seem to be any measurable impact. That's why the Remain contingent keeps pointing at individual cases - there is no observable Brexit effect in the actual economic statistics themselves. And for every case of a company leaving and blaming Brexit, debatable thought these cases are, there seem to be other cases of companies doing the opposite, like Citigroup who donated to the Remain campaign yet nonetheless appears about to spend £1.2 Billion buying its London HQ: https://www.thetimes.co.uk/edition/business/citigroup-hands-britain-1-2bn-vote-of-confidence-s8pd8vslj https://www.thetimes.co.uk/edition/business/citigroup-hands-... So you said this: it does bring up that when you destabilize an economy by adding uncertainty it puts you at more risk But where is the evidence of this destabilisation? As far as I can tell, if you somehow didn't know about the vote or the negotiations, you'd conclude the opposite - German growth has hit zero, Italy is in recession, the Spanish government just collapsed, and there are massive riots every weekend in France. Where's the instability in the UK? It looks pretty peaceful in comparison.

pcurve 8y ago

To them brexit is a colossal cardboard box sitting on camel. They have no idea what’s even in it let alone compute how much it weighs.

pjc50 8y ago

> It’s interesting how every company that suddenly leaves the UK as the deadline approaches says it’s due to some other reason and factors. Nobody wants to get in a fight with the Brexit press.

repolfx 8y ago

Here's an interesting question about uncertainty. Can you measure it? What units is uncertainty measured in? If there are any, is there a curve that maps uncertainty to changes in GDP and if so on which historical events was this curve calibrated? If you ask these questions you rapidly find yourself into a bottomless spiral of, ironically, uncertainty, as the economics profession can't give a straight answer to any of them. In fact some economists think uncertainty based recessions don't exist at all. The UK appears to be a strong counterexample. It was supposed to experience a recession that wiped out half a million jobs due to the plunge in investment that would be triggered by the uncertainty of voting Leave. In fact the economy grew, wages went up, employment went up, immigration levels have hardly changed overall, and the UK is now the best performing EU country in the G7. Moreover despite there being tremendous uncertainty about whether there'll be a deal of any sort of all, there still doesn't seem to be any measurable impact. That's why the Remain contingent keeps pointing at individual cases - there is no observable Brexit effect in the actual economic statistics themselves. And for every case of a company leaving and blaming Brexit, debatable thought these cases are, there seem to be other cases of companies doing the opposite, like Citigroup who donated to the Remain campaign yet nonetheless appears about to spend £1.2 Billion buying its London HQ: https://www.thetimes.co.uk/edition/business/citigroup-hands-britain-1-2bn-vote-of-confidence-s8pd8vslj https://www.thetimes.co.uk/edition/business/citigroup-hands-... So you said this: it does bring up that when you destabilize an economy by adding uncertainty it puts you at more risk But where is the evidence of this destabilisation? As far as I can tell, if you somehow didn't know about the vote or the negotiations, you'd conclude the opposite - German growth has hit zero, Italy is in recession, the Spanish government just collapsed, and there are massive riots every weekend in France. Where's the instability in the UK? It looks pretty peaceful in comparison.