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A comment on UK faces worst downturn of any advanced economy, OECD says. Parent comment

Re:UK faces worst downturn of any advanced economy, OECD says by Havoc on Tuesday November 22, 2022 @07:51PM (#33713667)
> No longer on the hook for the debt of certain EU nations

That might actually be the first credible benefit I’ve heard

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Re:UK faces worst downturn of any advanced economy, OECD says by laurencerowe on Tuesday November 22, 2022 @08:14PM (#33713822)
This wasn't really true though. Not being a EuroZone member the UK was not part of the European Stability Mechanism and "The UK is not liable through existing emergency funding schemes".

https://fullfact.org/europe/will-uk-pay-future-eurozone-bail...

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Re:UK faces worst downturn of any advanced economy, OECD says by TapWaterBandit on Tuesday November 22, 2022 @09:18PM (#33714318)
We'll see how this plays out. The appetite for Germany/France paying Italian debt is basically 0 and I predict this will lead to some major reformulation in the EU.

When that happens it would be a good time for the UK to propose a freetrade agreement with the EU to help boost economic growth in the continent to make this more palatable.

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