Yes I get that, but it is talking about project fear. I'll point you to this part of the article, which shows how George messed it up.I feel the need to point out that, as of 29th August 2016, the UK is still a 100% full-fledged EU member since nothing has been done in order to withdraw from the EU yet, meaning that nothing has happened to trigger the "fear" predictions. So saying "Look, nothing bad is happening" is kind of like saying "Well, a holiday in Iraq wasn't quite so bad" while you are still at Heathrow queuing to drop your luggage.
It'll be interesting to see what will happen the day May actually, you know, triggers Article 50. But if Brexit hasn't caused any major catastrophes yet is because... Brexit hasn't happened yet.
GUARDIAN article said:Some caveats are in order. It is still early days. Hard data is scant. Survey evidence is still consistent with a slowdown in the economy in the second half of 2016. Brexit may be a slow burn, with the impact only becoming apparent in the months and years to come.
But it is obvious that the sky has not fallen in as a result of the referendum, and those who said it would look a bit silly. By now, Britain was supposed to be reeling from the emergency budget George Osborne said would be necessary to fill a £30bn black hole in the public finances caused by a plunging economy. The emergency budget is history, as is Osborne.
In a way, Project Fear did work. It put the wind up businesses, making them warier about investing in new kit. And at least some of the people who voted remain did so because they were worried about the economic consequences of leaving. That was hardly surprising, given the regular and lurid warnings – from the Treasury, the Bank of England, the International Monetary Fund and the Organisation for Economic Cooperation and Development – about the dire consequences that would inevitably flow from Brexit.
The British state did an abrupt U-turn on 24 June. Having failed to secure a yes vote, the official position had to change fast. The imperative was to get all those people who had been frightened witless to chill out. Some surveys since the Brexit vote did indeed pick up an abrupt drop in consumer confidence. The government feared a recession of its own making.
I do wonder if she ever will. It's kind of a shitty position to be in really. You either a) trigger Article 50 and leave the EU, losing all the benefits that provides, or b) don't trigger Article 50 and technically ignore democracy and "the will of the people". It's a lose-lose situation really.It'll be interesting to see what will happen the day May actually, you know, triggers Article 50. But if Brexit hasn't caused any major catastrophes yet is because... Brexit hasn't happened yet.
I do wonder if she ever will. It's kind of a shitty position to be in really. You either a) trigger Article 50 and leave the EU, losing all the benefits that provides, or b) don't trigger Article 50 and technically ignore democracy and "the will of the people". It's a lose-lose situation really.
No wonder the mainstream American media and its friends on Wall Street were clamoring in hopes that the Brexit proposal would fail. Despite what most people here believe, I honesty believe British voters did the right thing by voting in favor of the exit referendum, even if all the stops are being pulled to prevent the initiative from fully going through, and currency speculators crashed the Pound in retaliation (which is why I believe all currency speculation should be outright banned in its entirety.)I think we are forgetting that Brexit is not really about economics at all. Its a fight between nationalism vs. globalism. With this POV, people dont care about the economic effects as national sovereignty and taking back borders takes preference.
and currency speculators crashed the Pound in retaliation (which is why I believe all currency speculation should be outright banned in its entirety.)
I think we are forgetting that Brexit is not really about economics at all. Its a fight between nationalism vs. globalism. With this POV, people dont care about the economic effects as national sovereignty and taking back borders takes preference.