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UK shot themselves in the foot by leaving the EU. They could always rejoin.

by adrr 1y ago

toomuchtodo 1y ago
Do you think enough voters who voted for Brexit have died off between then and now to have a successful “Rejoin” referendum? (for context, review the leave vs stay votes by age cohort: https://yougov.co.uk/politics/articles/15796-how-britain-voted https://yougov.co.uk/politics/articles/15796-how-britain-vot... ; roughly ~500k voters 65+ die every year in the UK: https://www.ons.gov.uk/peoplepopulationandcommunity/birthsdeathsandmarriages/deaths https://www.ons.gov.uk/peoplepopulationandcommunity/birthsde...)
qcnguy 1y ago
Such an HN-tier comment. The UK's excessive borrowing has nothing to do with the EU, which also has its own borrowing problems. It's because it has a Labour government whose backbenchers refuse to countenance any cuts or optimizations to welfare whatsoever, even though the current welfare levels are unaffordable and crippling the economy. Leaving the EU has actually helped that, because the membership payments can now be spent on general costs, and it didn't worsen trade or the economy in any noticeable way.
- adrr 1y ago
  Huge deficits exited prior labor party takeover due to economy getting smacked by brexit. Labor party has decreased the deficit. https://www.economicshelp.org/blog/5922/economics/uk-budget-deficit-2/ https://www.economicshelp.org/blog/5922/economics/uk-budget-...
  - qcnguy 1y ago
    Where do you people get this stuff? The economy saw no impact from Brexit whatsoever. Remarkable but true. Go look for yourself. The huge deficits are structural and driven by unrestrained immigration and welfare spending combined with the ruinous costs of lockdown, which put the debt load onto an unsustainable trajectory. Instead of being stable after lockdowns ended interests costs started continuously rising as a percentage of the budget. Labour certainly has not decreased the deficit unless you're counting a "reduction" from lockdown costs.
    - toomuchtodo 1y ago
      > The economy saw no impact from Brexit whatsoever. Remarkable but true. Go look for yourself. Five key impacts of Brexit five years on - https://www.bbc.com/news/articles/cdrynjz1glpo https://www.bbc.com/news/articles/cdrynjz1glpo - January 30th, 2025 Brexit deal impact in UK is worsening, warn economists - https://www.bbc.com/news/articles/cd988p00z1no https://www.bbc.com/news/articles/cd988p00z1no - September 17th, 2024 Brexit’s Lasting Damage Is Looking Inescapable - https://www.bloomberg.com/opinion/articles/2024-03-19/brexit-s-lasting-economic-and-financial-damage-looks-inescapable https://www.bloomberg.com/opinion/articles/2024-03-19/brexit... | https://archive.today/1UJgM https://archive.today/1UJgM - March 19th, 2024 New report reveals UK economy is almost £140billion smaller because of Brexit - https://www.london.gov.uk/new-report-reveals-uk-economy-almost-ps140billion-smaller-because-brexit https://www.london.gov.uk/new-report-reveals-uk-economy-almo... - January 11th, 2024
    - exasperaited 1y ago
      > The economy saw no impact from Brexit whatsoever. Remarkable but true. Go look for yourself. Crikey. This is really unmoored from facts and data.
    - adrr 1y ago
      I literally posted a deficit to GDP ratio showing the deficit drop when Labour came to power. Here's a peer reviewed studies in major economic journals saying Brexit had negative affect on UK. https://onlinelibrary.wiley.com/doi/10.1111/iere.12541 https://onlinelibrary.wiley.com/doi/10.1111/iere.12541 - devalued pound https://www.sciencedirect.com/science/article/pii/S0022199624001399 https://www.sciencedirect.com/science/article/pii/S002219962... - increased prices Do you have any peer reviewed studies showing that it had no effect? THere's more studies showing decreased trade, huge decrease in foreign investments.
BuyMyBitcoins 1y ago
The trouble with rejoining is that the rest of the EU won’t want to let them back in with all of the same privileges and opt-outs they were once afforded. I suspect the single greatest hurdle would be having to adopt the Euro. While many in the EU may be sympathetic and forgiving, I sense countries like Germany and France want to ensure the UK rejoins as a far more integrated and dedicated member state than they were before. It doesn’t seem like the UK has much bargaining power in any potential application to rejoin.

UK shot themselves in the foot by leaving the EU. They could always rejoin.

by adrr 1y ago

UK shot themselves in the foot by leaving the EU. They could always rejoin.

Do you think enough voters who voted for Brexit have died off between then and now to have a successful “Rejoin” referendum? (for context, review the leave vs stay votes by age cohort: https://yougov.co.uk/politics/articles/15796-how-britain-voted https://yougov.co.uk/politics/articles/15796-how-britain-vot... ; roughly ~500k voters 65+ die every year in the UK: https://www.ons.gov.uk/peoplepopulationandcommunity/birthsdeathsandmarriages/deaths https://www.ons.gov.uk/peoplepopulationandcommunity/birthsde...)

qcnguy 1y ago

Such an HN-tier comment. The UK's excessive borrowing has nothing to do with the EU, which also has its own borrowing problems. It's because it has a Labour government whose backbenchers refuse to countenance any cuts or optimizations to welfare whatsoever, even though the current welfare levels are unaffordable and crippling the economy. Leaving the EU has actually helped that, because the membership payments can now be spent on general costs, and it didn't worsen trade or the economy in any noticeable way.

adrr 1y ago
Huge deficits exited prior labor party takeover due to economy getting smacked by brexit. Labor party has decreased the deficit. https://www.economicshelp.org/blog/5922/economics/uk-budget-deficit-2/ https://www.economicshelp.org/blog/5922/economics/uk-budget-...
- qcnguy 1y ago
  Where do you people get this stuff? The economy saw no impact from Brexit whatsoever. Remarkable but true. Go look for yourself. The huge deficits are structural and driven by unrestrained immigration and welfare spending combined with the ruinous costs of lockdown, which put the debt load onto an unsustainable trajectory. Instead of being stable after lockdowns ended interests costs started continuously rising as a percentage of the budget. Labour certainly has not decreased the deficit unless you're counting a "reduction" from lockdown costs.
  - toomuchtodo 1y ago
    > The economy saw no impact from Brexit whatsoever. Remarkable but true. Go look for yourself. Five key impacts of Brexit five years on - https://www.bbc.com/news/articles/cdrynjz1glpo https://www.bbc.com/news/articles/cdrynjz1glpo - January 30th, 2025 Brexit deal impact in UK is worsening, warn economists - https://www.bbc.com/news/articles/cd988p00z1no https://www.bbc.com/news/articles/cd988p00z1no - September 17th, 2024 Brexit’s Lasting Damage Is Looking Inescapable - https://www.bloomberg.com/opinion/articles/2024-03-19/brexit-s-lasting-economic-and-financial-damage-looks-inescapable https://www.bloomberg.com/opinion/articles/2024-03-19/brexit... | https://archive.today/1UJgM https://archive.today/1UJgM - March 19th, 2024 New report reveals UK economy is almost £140billion smaller because of Brexit - https://www.london.gov.uk/new-report-reveals-uk-economy-almost-ps140billion-smaller-because-brexit https://www.london.gov.uk/new-report-reveals-uk-economy-almo... - January 11th, 2024
  - exasperaited 1y ago
    > The economy saw no impact from Brexit whatsoever. Remarkable but true. Go look for yourself. Crikey. This is really unmoored from facts and data.
  - adrr 1y ago
    I literally posted a deficit to GDP ratio showing the deficit drop when Labour came to power. Here's a peer reviewed studies in major economic journals saying Brexit had negative affect on UK. https://onlinelibrary.wiley.com/doi/10.1111/iere.12541 https://onlinelibrary.wiley.com/doi/10.1111/iere.12541 - devalued pound https://www.sciencedirect.com/science/article/pii/S0022199624001399 https://www.sciencedirect.com/science/article/pii/S002219962... - increased prices Do you have any peer reviewed studies showing that it had no effect? THere's more studies showing decreased trade, huge decrease in foreign investments.

BuyMyBitcoins 1y ago

The trouble with rejoining is that the rest of the EU won’t want to let them back in with all of the same privileges and opt-outs they were once afforded. I suspect the single greatest hurdle would be having to adopt the Euro. While many in the EU may be sympathetic and forgiving, I sense countries like Germany and France want to ensure the UK rejoins as a far more integrated and dedicated member state than they were before. It doesn’t seem like the UK has much bargaining power in any potential application to rejoin.