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Re:Bank of England expects UK to fall into longest ever rece... by rwmj on Thursday November 03, 2022 @03:17PM (#33455986)
No one who does a days work in Britain thinks any of this is a good thing. It's largely generated by a far right party through a voting system that allows pensioners (a minority) to control who gets into power.
Re:Bank of England expects UK to fall into longest ever rece... by rjsw on Thursday November 03, 2022 @03:23PM (#33456060)
Not sure that is completely true. People working in construction or hospitality are probably happy for now that there are fewer people competing with them for jobs.
Re:Bank of England expects UK to fall into longest ever rece... by TheOtherHobbes on Thursday November 03, 2022 @03:57PM (#33456594)
Even if that were true - and it isn't - countless export-oriented businesses have been shutting down because it is now insanely bureaucratic and uneconomically expensive to trade with a bloc that is just over 20 miles away.

The lies told to get Brexit over the line normalised a period of exceptionalist reality-denying insanity which has spilled over into Covid policy, economic policy, climate policy, health policy, energy policy, immigration policy [1], transport and logistics, media credibility, and political stability.

It is - without any exaggeration at all - an absolute shit show.

No one earning less than a few million a year has benefited in any lasting or significant way. Certainly not big-picture economically.

[1] Pandemic aside, Brexit has had no impact on immigration numbers.

https://migrationobservatory.ox.ac.uk/resources/briefings/lo...

Re:Bank of England expects UK to fall into longest ever rece... by kergonath on Thursday November 03, 2022 @05:14PM (#33457704)
There has been a labour shortage for years now in these sectors. It hasn’t helped their situation and both pubs and shops keep closing. These people have few reasons to be happy.
Re:Bank of England expects UK to fall into longest ever rece... by jayceedenton on Thursday November 03, 2022 @03:23PM (#33456068)
Far right? Come on now.
Re:Bank of England expects UK to fall into longest ever rece... by spacedcowboy on Thursday November 03, 2022 @03:46PM (#33456432)
Right is relative. The Tories are currently way to the right of where they have been, historically speaking. This came from the absorption/takeover when all the "Britain First" <redacted>'s joined up.
Re:Bank of England expects UK to fall into longest ever rece... by Veen on Thursday November 03, 2022 @03:52PM (#33456524)
That is fiction.
Re:Bank of England expects UK to fall into longest ever rece... by TheOtherHobbes on Thursday November 03, 2022 @03:58PM (#33456619)
Re:Bank of England expects UK to fall into longest ever rece... by Veen on Thursday November 03, 2022 @05:29PM (#33457949)
Golding didn't join the Tories. He tried to join and was rejected. The Tories have not been taken over or absorbed by Britain First.To say so is an absurd lie. Any fool with £20 can join a political party but that doesn't mean they determine policy or have any control. Do you really think Rishi Sunak or Suella Braverman take their orders from Britain First nutcases?
Re:Bank of England expects UK to fall into longest ever rece... by LightG on Thursday November 03, 2022 @04:02PM (#33456700)
Absolutely.

England has been captured by far-right think-tanks, dressed up in nice suits and dresses. There are pockets of resistence within the ruling party, but that doesn't change the last 10 years of madness.

If you are unaware of this, your personal Overton window is all over the place. I'd get that checked out at the local mechanics.

Re:Bank of England expects UK to fall into longest ever rece... by BuyMyBitcoins on Thursday November 03, 2022 @04:06PM (#33456747)
>” England has been captured by far-right think-tanks.”

What are the top three most far-right policies the UK government is now pursuing since it was captured by these think tanks?

Re:Bank of England expects UK to fall into longest ever rece... by kergonath on Thursday November 03, 2022 @05:23PM (#33457847)
The Brexit isolationism thing? The immigration policy and the way they deal with refugees crossing the Channel? The Rwanda thing? I mean, it’s really not that difficult.
Re:Bank of England expects UK to fall into longest ever rece... by AuryGlenz on Thursday November 03, 2022 @06:18PM (#33458663)
The only reason that seems far right to you is that the Overton window has radically shifted. Not being beholden to the EU and controlling your borders was perfectly normal 30 years ago.

Hell, the whole “not letting anyone in just because they claim to be a refugee” aspect was normal in Europe…10 years ago?

Re:Bank of England expects UK to fall into longest ever rece... by kergonath on Friday November 04, 2022 @02:27AM (#33462872)
> The only reason that seems far right to you is that the Overton window has radically shifted.

You mean rightwards, right? Otherwise we don’t live in the same reality. Even Labour is tame compared to what it was 30 years ago.

> Not being beholden to the EU and controlling your borders was perfectly normal 30 years ago.

The problem with Brexit is not the control of the borders, it’s the whole nationalist bullshit that goes with it (and the fact that it’s completely unrealistic). 40 years ago Thatcher was commuting the country to thriving in the single market. And she was as right wing as it comes, and the political mainstream of the day. 30 years ago it was Major.

> Hell, the whole “not letting anyone in just because they claim to be a refugee” aspect was normal in Europe…10 years ago?

No, not really. If you are British, your perspective might be a bit skewed, but there were discussions about refugees waves regularly after the Viêt Nam war or the Armenian genocide, for example, certainly no consensus to deport them to a third world country. The only example of fortified borders in Europe from that era was the iron curtain.

Re:Bank of England expects UK to fall into longest ever rece... by LightG on Friday November 04, 2022 @06:48AM (#33464525)
>> Even Labour is tame compared to what it was 30 years ago.

What? 30 years ago was the 1990's. The era of Blair and Brown.

Try and be historically honest, please.

Re:Bank of England expects UK to fall into longest ever rece... by kergonath on Friday November 04, 2022 @12:34PM (#33469505)
New Labour was in 1997. 30 years ago was 5 years before that. And yes, that time saw the Labour Party shift towards European-style centre-left policies.
Re:Bank of England expects UK to fall into longest ever rece... by LightG on Sunday November 06, 2022 @06:08AM (#33491358)
No, New Labour was 1994 when Blair took over the leadership, not just when he became PM.

And before that was John Smith. Pro-European and further to the left than the more centrist Blair.

Again, please be historically accurate.

You're not just insulting my intelligence and memory, but the legacy of truth of dead men.

Thank you.

Re:Bank of England expects UK to fall into longest ever rece... by Scarblac on Wednesday November 09, 2022 @05:51AM (#33529714)
It's mostly the intended "bonfire of regulation", scrapping thousands of laws protecting consumers etc.

Some in government intend the UK to have no tariffs whatsoever.

And want to solve everything with austerity.

Re:Bank of England expects UK to fall into longest ever rece... by jayceedenton on Thursday November 03, 2022 @06:09PM (#33458539)
Yes, I think my personal Overton window is around 3 years behind. It hasn't caught up with what we're now happy to call 'Far right'.

As far as I can tell, anything remotely right wing is now 'Far right' amongst a growing band of idiotic and insufferable liberal moralisers, so the moniker has effectively lost all meaning.

It's a lost cause us discussing this. I think if you describe how the UK has been governed in the last 10 years as 'far right', you're an idealogue and completely irrational. You're convinced I'm blissfully ignorant with an unintentionally warped political compass, or I'm a crypto right-winger. Oh well.

Re:Bank of England expects UK to fall into longest ever rece... by LightG on Friday November 04, 2022 @06:46AM (#33464512)
I agree, discussing this is pointless as we've demonstrated.

Ascribing defintions to yourself that you think I have, or might, call you, in anticipation, is where we're at.

As someone else said. Our current ruling party (or a section of it, considering the internal war going on) are pushing polices that were not out of place (and actually, in terms of the Rwanda nonsense) beyond where the BNP and National Front were 40 years ago, which I think we can agree were 'the far right'.

Again, if you're unwilling to acknowledge this, you've jumped off the logical and historical diving board into a sea of nonsense.

My condolences.

Re:Bank of England expects UK to fall into longest ever rece... by shagie on Thursday November 03, 2022 @03:25PM (#33456098)
With the mess of England's prime minster, a number of Brexit videos showed up in my feed on Youtube... some of the ones that I've watched that are interesting.

A German documentary (it has English subtitles for the German narration)): British Fishermen and Brexit | ARTE.tv Documentary https://youtu.be/gUKywFazdDo

A financial times article on Brexit - The Brexit effect: how leaving the EU hit the UK | FT Film https://youtu.be/wO2lWmgEK1Y

A TLDR from earlier this week: No-one Likes Brexit Anymore: What Happens Next? https://youtu.be/kLZOlHhumq8 (the main part on this relevant is the polling and the corresponding events)

---

There's a fair bit of Brexit-regret going on now and some people apparently still think its a good idea. At the time of the referendum, it appears that quite a few people who did a day's work in Britain thought that it was a good idea, but have since come to realize that it wasn't.

Re:Bank of England expects UK to fall into longest ever rece... by cirrus-clouds on Thursday November 03, 2022 @04:34PM (#33457114)
Your comment is perfectly reasonable and doesn't deserve downvote. I have seen the FT report on YouTube - it is excellent and worth a watch.

I can also recommended this short video (3 min): Brexit update (August 2022) https://www.youtube.com/watch?v=IUiJxH2pclM

(As an aside, our national newspapers, mostly right-wing and Conservative-supporting, have poisoned political discourse for decades in the UK. The FT is the only national newspaper with a higher standard of journalism than the others.)

Re:Bank of England expects UK to fall into longest ever rece... by shagie on Thursday November 03, 2022 @06:04PM (#33458473)
That was a nice short clip, and looking into it, the voice of Anna Ford was initially lost on me (not being British).

I found the German one to be the interesting too in that it was more "regular person" interview content (which was all in English) and the thoughts that they had about the Brexit, the promises that they were given and what they're seeing now. The FT video had a much more business orientation, which while informative on the, well, financial side of it didn't capture the common person's experience as much.

Re:Bank of England expects UK to fall into longest ever rece... by throwaway894345 on Thursday November 03, 2022 @03:43PM (#33456389)
Wouldn't inflation (and thus tax cuts) hit pensioners the hardest? Presumably inflation hits pensioners harder than those who are still working? I'm not sure how the UK pension system works, but I wouldn't want to sell off my retirement investments at low prices for currency with sharply reduced buying power. Is the idea that they voted in this government which then betrayed them (either through incompetence or malfeasance)?
Re:Bank of England expects UK to fall into longest ever rece... by misnome on Thursday November 03, 2022 @04:09PM (#33456784)
> I'm not sure how the UK pension system works,

In principle, unless the Government reverses it (which they are semi-consistently somewhat threatening to do), UK pensions are supposed to be protected by a "Triple lock". They increase each year by whatever is the highest out of inflation, average wage, or 2.5%. So if the country tanks and inflation skyrockets, they are supposed to get an increase to match it.

Re:Bank of England expects UK to fall into longest ever rece... by throwaway894345 on Thursday November 03, 2022 @04:44PM (#33457234)
Ah, that makes sense. Thanks for clarifying.
Re:Bank of England expects UK to fall into longest ever rece... by makomk on Thursday November 03, 2022 @04:53PM (#33457354)
The triple lock only applies to the state pension, which is not generous - it's basically about the bare minimum to live on I think. That's part of the reason why the government is willing to increase it so aggressively.
Re:Bank of England expects UK to fall into longest ever rece... by jlokier on Saturday November 05, 2022 @01:22PM (#33483477)
That's true, the state pension is tiny. So small it has to be topped up with other benefits if it's all you have, especially if you're renting as the state pension usually isn't enough to cover rent. Some people don't even qualify for the full state pension.

But a large number of pensioners have a ridiculously tiny private pension (or none), so the state pension is a large and essential fraction of their income and the triple lock remains relevant to pension-age voters.

Many pensioners have a spre property by one means or another (often inherited - "accidental landlords"), which they rent out to supplement their pension. As rents have tended to go up with or even faster than general inflation until recently, this buffers the effect of inflation on those pensioners too.

Re:Bank of England expects UK to fall into longest ever rece... by idiotsecant on Thursday November 03, 2022 @04:05PM (#33456734)
I think it's not even an act of betrayal - they did exactly what they said they were going to do. It also wasn't like there was nobody saying how bad of an idea it was - basically anyone who had any kind of knowledge of economics was screaming that it was a horrible idea and people still voted for it because they saw it as a rejection of the outgroup social exercise which is, unfortunately, one of the most egregious bugs in the human firmware.