Thread: Brexit discussion
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Old 27-09-2017, 08:47   #260
OLD BOY
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Re: Brexit discussion
Quote:
Originally Posted by Ignitionnet View Post
This is pretty desperate stuff. Paywalled, but going by what can be seen for free really not worth paying for, or even finding a way to work around the paywall.

Hard Brexit will hurt EU more than Britain, warn university researchers as divorce talks begin in Brussels



Think they've been taking lessons in statistics from Boris Johnson. 526,830 jobs in a population of about 66 million is a tad more 'ouch' than 1.209 million in a population of over 440 million, and a 4.48% drop in GDP is most definitely more 'ouch' than a 1.54% drop, although the writer of the article did try and claim the study forecasts a drop in UK GDP of 1.21% under the WTO scenario later on, which it doesn't.

I admire The Telegraph's cheek in considering the article premium content.

Going to WTO rules serves no-one but other than ideologues and demagogues I'm not aware of anyone who thinks it's a good idea. The Telegraph are now at least happy to admit there would be a high cost to the UK dropping to WTO rules.

When the Express start to admit there is a downside to going WTO then the apocalypse must be near., even if it will be to entirely blame the EU and get the excuses in for their non-stop propaganda-fest not panning out as they claimed. That must be one of the harbingers of it.
Of course, WTO rules would be the second best option for everybody, which is why that is an unlikely outcome. Neither the EU nor GB wants that.

However, even if these figures are correct (although they were probably conjured up by somebody using spurious factors), you shouldn't forget that job losses through departing from the EU with WTO rules would be offset by new trade deals. The rest of the world is far bigger than the EU.
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