Decus
Platinum Member
I've been around long enough to recognize a fairy tale scenario and to be wary of so-called experts and their forecasts.You've got two conditionals, one dependent on the other. Then you've got a conclusion that is a stretch.I have no idea why someone so utterly clueless would bother posting:Most of us choose "eating" over anything else--LOL The UK is nothing like the U.S. We do provide our own food, and if necessary we can also provide our own energy. We have the resources in place that are active to do that. No food, no energy, no survival. The U.K doesn't have this.
They have to purchase essential necessities. With the pound collapsing--it's a spiral downwards.
North Sea oil - Wikipedia, the free encyclopedia
There is also a chance that England might have little or no advantage from North Sea oil if Scotland pushes for independence:
"If Scotland were to get a "geographical share" based on the median line it would mean about 90% of the UK's oil resources would be under Scottish jurisdiction."
"According to research by Prof Kemp, in 2010 the Scottish share of total oil production in the UKCS was more than 95% while for gas it was 58%. The Scottish share of total hydrocarbon production (including NGLs) was 80%. The Scottish tax share exceeded 90%. This reflects the much higher value of oil compared to gas."
Who has a right to claim North Sea oil? - BBC News
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The British people have made a decision through direct democracy. The Scots are free to do so as well. Inventing fairy-tale scenarios is not going to make any difference.
Fairy-tale scenario? Really? Here is what an economist at the London School of Economics projects in terms of economic impact:
"Just to give you sort of ballpark numbers of what we think the impact will be, the next five years after the Brexit, we should expect GDP to decline by about 1 percent to 3 percent. One percent decline in British GDP means 720 pounds lower income per household per year. And this is a permanent effect that you will see."
"So these are not trivial effects. These are going to have – these are going to affect the lives of people, their economic prosperity, and especially those of young people who will be entering the job market now."
What Brexit might do to the British economy
Most of the economic projections reflect similar findings:
"The second part of the argument is that in the longer term – over the next 15 or so years - not being in the European Union would mean the economy does not grow as much as it otherwise would. This is the analysis that has been made by independent organisations such as the London School of Economics and The National Institute of Economic and Social Research (NIESR)."
"It has also been made by the Treasury. The Treasury’s central estimate is that Brexit would make GDP lower by 6.2 per cent in 2030 relative to staying in, equivalent to £4,300 for every UK household today. This is the amount by which George Osborne says UK households would be worse off as a result of Brexit."
What a Brexit would do to living standards in the UK
If this is a fairy-tale it promises an unhappy ending.
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I remember when Reagan was going to start World War III
You are "....wary of so-called experts". You might be right, its probably.......:
Too funny.
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