Originally Posted by
Seekingasylum
Quite bizarre how Brexit loons witter on about the EU's wealth in neurotic, febrile terms and yet are quite sanguine about the UK's parlous finances viz worst productivity rate in EU, the fifth worst debt to GDP ratio out of all 28 EU countries, a widening current account deficit, a diminishing manufacturing sector languishing at 9-10% of GDP, a huge personai unsecured indebtedness which features one of the highest rates in the West, around an average of 32% of household income, a currency that has devalued by 20% since Brexit and a forecasted reduction in annual GDP of around £60 billions over the next decade.
And it rains a lot, public transport costs are among the highest in the world and the NHS teeters on collapse for want of funding amid a crime rate that has accelerated after the draconian cuts to policing involving the loss of 20,000 police posts imposed by May.
Real wages are still at the same values prevalent in 2010 and taxes are due to be increased across the board in order to stem the deterioration in the country's infrastructure of education, transport and security ( council taxes rising over the rate of inflation are the first salvo ).
Simply to return to the standards that prevailed in 2010 would involve an immediate investment of over £160 billions.
And how is the UK to prepare itself for this mammoth task of regeneration? Yep, it's going to pay for a new railway set costing £120 billions and will withdraw from an economic association that generated over £260 billions worth of annual trade.
And the Brexit numpties here are preaching EU armageddon because of a gap in funding of £10 billion in an annual budget of £150 billions???
No wonder they prefer their daft propaganda.