Economists put reason for divergence down to Brexit and Britain’s energy price guarantee

Snapshot of Eurozone inflation falls to 5.5% in sharp contrast to UK. Economists put reason for divergence down to Brexit and Britain’s energy price guarantee.

  • G4Z
    01·
    1 year ago

    long-run productivity is GDP mate. Unless you have something which actually says otherwise? Even assuming it is GDP per capita, so what?

    But the forecast is for the cost, no benefit is included.

    Yes it is included, there isn’t any.

    The UK is no longer bound by the anti science regulations on genetic engineering and the new overly restrictive proposed regulations on AI

    Uh-hu… back to maybe and could then…

    GDP per capita is a ratio of GDP / population, so if you do more with fewer people, by using automation, robots and AI, your GDP per capita will grow…

    Mate, I work in IT, have done for 25 years. There is no EU regulation preventing productivity increasing thanks to automation, what a load of nonsense.

    Also, we don’t have fewer people do we, we have more people.

    The 4% figure over 15 years is a difference of 0.29% to 0.27% productivity growth. Government policy has at least that 0.02% effect

    Show me a source from somebody credible that says that exactly.

    I have a credible source says it’s costing 100bn a year.

    Here’s another one

    https://www.independent.co.uk/news/uk/politics/brexit-damage-uk-economy-covid-b2308178.html

    Britain’s gross domestic product (GDP) will be 4 per cent smaller than if the country had stayed in the EU, the head of the government’s fiscal watchdog confirmed on Sunday.

    Pretty clear that if you ask me, from a national newspaper.

    I predict a Starmer govt will be able to introduce policy that will offset the productivity loss just by investing in renewable energy, let alone any research universities’ innovations.

    I predict it could all have been done in the EU, and research and development would have been easier and cheaper to collaborate on to boot.

      • G4Z
        1·
        1 year ago

        Yes it is maybes or could, that AI act is still not law and you have no idea what regulation the UK gov may or may not introduce. Further, I don’t believe anything in that act will prevent AI development anyway, which regulation is it exactly you think is going to be ‘overly restrictive’, they all sound very reasonable to me and I’m a technical person who works in IT, unlike you.

        So you ever going to answer my question then?

        What figure do you put on the cost per year, if you disagree with the OBR’s 100bn per year?

        • emerty
          1·
          1 year ago

          I know how UK common law is written and how civil regs are, I’m not even going to begin arguing unless you demonstrate that you know the difference

          And the cost? UK govt has actually spent around £8b on brexit preparations

          The investment delay will be recouped

          UK was 2nd in Europe on GDP per capita in 2016 and is still 2nd in Europe in 2022 so it’s negligible.

          • G4Z
            1·
            1 year ago

            And what is your source for that 8bn?

            Is that all the costs, I asked how much per year?

            UK was 2nd in Europe on GDP per capita in 2016 and is still 2nd in Europe in 2022 so it’s negligible.

            The measure is against where we would have been had we remained in the EU though.

            • emerty
              1·
              1 year ago

              https://www.instituteforgovernment.org.uk/article/explainer/brexit-spending-government-preparations

              It’s impossible to prove where the UK would have been, a 100 year pandemic makes the brexit effect just noise. The synthetic counter factual models are smart but stupid.

              You do realise that your 4% forecast is also a could and maybe yeah?

              Here are the actual facts on GDP per capita. Maybe you understand pictures more easily than words

              https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?locations=GB-XC-FR-DE-ES-IT&start=2016

              • G4Z
                1·
                1 year ago

                So I asked you, how much is Brexit costing per year, and you’ve given me what was spent to prepare for Brexit. Can you see how these are not the same thing?

                I am getting a little tired of your constant dishonesty, I’m trying to be charitable with you, but I don’t really see how it’s possible to misunderstand such a simple question if you are as smart as you claim to be.

                It’s impossible to prove where the UK would have been, a 100 year pandemic makes the brexit effect just noise. The synthetic counter factual models are smart but stupid.

                Well of course because it’s predicated on a model of where we would have been had we not left the EU. It’s extrapolation in that sense, but it’s more than you have isn’t it?

                Here are the actual facts on GDP per capita. Maybe you understand pictures more easily than words

                Still not relevant to anything though, because as I said the measure is against where we would have been had we stayed in, not how well we still stack up in some rankings.

                • emerty
                  1·
                  1 year ago

                  Still not relevant to anything though, because as I said the measure is against where we would have been had we stayed in, not how well we still stack up in some rankings.

                  It’s clearly relevant to our nearest economic peers…it’s actual data, in the measure that the OBR forecast, and not educated guesses.

                  I’m tired of your dullness, goodbye

                  • G4Z
                    2·
                    1 year ago

                    Well it was certainly interesting to engage, I’ll know exactly what to watch out for with you on your future posts.

                    Have a lovely evening :)

    • emerty
      1·
      1 year ago

      long-run productivity is GDP mate. Unless you have something which actually says otherwise? Even assuming it is GDP per capita, so what?

      🤦‍♂️