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George Osborne Says Brexit Will Drive Up Mortgage Rates


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HOLA441

Osborne's fearorist calculations based around taking in another 3 million immigrants by 2029!

http://www.telegraph.co.uk/news/2016/04/18/brexit-would-cost-every-family-4300-a-year-treasury-forecasts/

Even the BBC aren't buying his Bullsh¡t :-

"......The poster at George Osborne's event this morning was very clear - that there would be a £4,300-a-year cost to families by 2030 if Britain leaves the EU.

It's not true. The government is confusing GDP per household with household income......"

More at the link:-

http://www.bbc.co.uk/news/uk-politics-eu-referendum-36073201

Edited by Jack's Creation
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HOLA442

^


The Treasury’s forecasts are underpinned by the presumption almost 3 million more people will come to the UK than leave in the next 14 years - roughly equivalent to three Birminghams

So that extra 3 Birminghams would be in addition to the 5 Birminghams of net migration already since say year 2000 (about 5 million) - not to mention those before year 2000.

If the official numbers are correct.

8 Birminghams and the UK doesn't even have that number of cities with that size of city zone to start with.

Then that assumes that some future government won't relax Dave's already lax limits. Apparently even Dave's feeble negotiation deal only lasts up to 4 years.

Edited by billybong
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HOLA443

And now it is lead story on itv lunchtime news!

A big dose of scaremongering.

The news starts off with that there is a "stark warning off the chancellor", that leaving the EU will lead to less money in our pockets, and higher taxes. (sounds like a threat maybe?)

They said the treasury has even put numbers on it...., that by 2030 the economy could up to be 6% smaller and households an average of £4300 worse off.

Leave campaigners say the claims are absurd and worthless given the treasury's past forecasting record. (they certainly have a point there!). :lol:

edit...., to correct typo of "2020" to read "2030"

Edited by moonriver
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HOLA444

^ bbc link


Reality Check verdict: The precise figure is questionable and probably not particularly helpful. If you want to be influenced by economic modelling, the useful thing to take away is that the Treasury thinks leaving the EU would be bad for the economy, by an amount that would dwarf the savings from not having to contribute to the EU Budget.

So it's not very useful - it's an opinion full of self serving vested interest.

Whoever issued the figures didn't even check their validity - even the bbc spotted errors. Typical of the way the economy is run. Not surprising when it's jobs for the boys and they get the money first hot off the printing press. Why bother - it's easy peasy street.

Seeing as his figures are so full of holes it's a bit rich him coming up with


Chancellor says opponents ' economically illiterate'

Edited by billybong
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HOLA445

And now it is lead story on itv lunchtime news!

A big dose of scaremongering.

The news starts off with that there is a "stark warning off the chancellor", that leaving the EU will lead to less money in our pockets, and higher taxes. (sounds like a threat maybe?)

They said the treasury has even put numbers on it...., that by 2030 the economy could up to be 6% smaller and households an average of £4300 worse off.

Leave campaigners say the claims are absurd and worthless given the treasury's past forecasting record. (they certainly have a point there!). :lol:

edit...., to correct typo of "2020" to read "2030"

So 3 million migrants by 2030, approximately represents an increase in 5% of current UK population. So Osborne's big insight is pointing out that the size of the economy scales broadly with the number of people in the economy...?

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HOLA446
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HOLA448

It's the amount of people coming in not the money

that's the key issue for alot of folk.

I keep refering to the betting odds

Stay 4/11

Leave 7/4

People have said that this has no bearing as bookies work on the "over round" etc

But the data i have is 89% of bets taken so far have been on "Leave"

https://m.oddschecker.com/m/politics/british-politics/eu-referendum/referendum-on-eu-membership-result

I don't think the bookies will call this wrong.

Anyway on the morning of June 24th if i wake up and the result is 70-30'ish to "Stay" i will know that 2 out of 3 people i meet from that point on will have voted to "stay"

despite virtually everyone i have spoken to saying they are in the "Leave" camp.

Edited by workingpoor
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HOLA449
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HOLA4411

Even the BBC aren't buying his Bullsh¡t :-

"......The poster at George Osborne's event this morning was very clear - that there would be a £4,300-a-year cost to families by 2030 if Britain leaves the EU.

It's not true. The government is confusing GDP per household with household income......"

More at the link:-

http://www.bbc.co.uk/news/uk-politics-eu-referendum-36073201

He's cost the young/HPCers 20K this year alone.

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HOLA4412
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HOLA4413

Don't forget the Scottish referendum , tv and some street polls were showing people in the street saying the were for independence. The silent majority actually voted the other way. Just saying like.....

It was very close....without their fearorism the Yes would have won.

I was ashamed to be British after their Indy Ref fearorism.

it is clear to me at least that there is no democracy in the UK.

Edited by TheCountOfNowhere
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HOLA4414

It's the amount of people coming in not the money

that's the key issue for alot of folk.

I keep refering to the betting odds

Stay 4/11

Leave 7/4

People have said that this has no bearing as bookies work on the "over round" etc

But the data i have is 89% of bets taken so far have been on "Leave"

https://m.oddschecker.com/m/politics/british-politics/eu-referendum/referendum-on-eu-membership-result

I don't think the bookies will call this wrong.

Anyway on the morning of June 24th if i wake up and the result is 70-30'ish to "Stay" i will know that 2 out of 3 people i meet from that point on will have voted to "stay"

despite virtually everyone i have spoken to saying they are in the "Leave" camp.

According to betfair the odds on staying are about 1.5 odds on and the majority of the money seems to be on staying although it's not a massively overwhelming majority of the money. It's averaged about 1.5 for some time now but there's even small amounts of money staked at the extremes of about 1.16 and 2.00.

It seems to roughly reflect the polls but as the polls are pretty close then one would expect the odds to be a bit nearer evens. Generally speaking there's been no major moves in the odds with the figures generally fluctuating between about 1.6 and 1.35. It would be a surprise if volatility didn't pick up as the referendum approaches and if the polls' current trend continues maybe the polled majority will flip to the Leave side as time goes on. Of course who knows.

Edited by billybong
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HOLA4415

Surely Osborne would have to resign if we Brexit.

Even though I believe we can prosper outside the EU, I'm not convinced enough of our government/civil service do. Without a strong determined Brexit government we are stuffed.

Edited by GloomMonger
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HOLA4416
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HOLA4417

So if the economy would be 6% smaller that implies the population would be about 6% smaller - sounds good less congestion.

It is why policticians, banks, central bank and corporate UK are all for squeezing as many bodies into the UK as possibly - this is the only type of growth they can rely on generating in lieu of decent governance, even if is more like a cancer and offers absolutely nothing in terms of increasing the living standards of the 10m's of existing inhabitants.

The most entertaining thing about the pro EU propaganda is what happens after the vote. Just how miffed might the other part of the tory party be that their own party had used public funds to dish out some dodgy stats to game the referendum?

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HOLA4418
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HOLA4419

Don't forget the Scottish referendum , tv and some street polls were showing people in the street saying the were for independence. The silent majority actually voted the other way. Just saying like.....

yeah....?

EU

Contributors: EURO BILLIONS 2013
1 - Germany - 16.32
2 - UK - 10.76
3 - France - 9.05
4 - Italy - 4.61
5 - Netherlands - 4.21
Recipients: EURO BILLIONS
1 - Poland - 9.07
2 - Greece 5.31
3 - Hungary 4.09
4 - Portugal 4.37
5 - Romania -4.09
:rolleyes:
Edited by South Lorne
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HOLA4420

According to betfair the odds on staying are about 1.5 odds on and the majority of the money seems to be on staying although it's not a massively overwhelming majority of the money. It's averaged about 1.5 for some time now but there's even small amounts of money staked at the extremes of about 1.16 and 2.00.

It seems to roughly reflect the polls but as the polls are pretty close then one would expect the odds to be a bit nearer evens. Generally speaking there's been no major moves in the odds with the figures generally fluctuating between about 1.6 and 1.35. It would be a surprise if volatility didn't pick up as the referendum approaches and if the polls' current trend continues maybe the polled majority will flip to the Leave side as time goes on. Of course who knows.

That's what happened in the scottish vote ,stay had a 20 point lead before the start of project fear

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HOLA4421

It's the amount of people coming in not the money

that's the key issue for alot of folk.

I keep refering to the betting odds

Stay 4/11

Leave 7/4

People have said that this has no bearing as bookies work on the "over round" etc

But the data i have is 89% of bets taken so far have been on "Leave"

https://m.oddschecker.com/m/politics/british-politics/eu-referendum/referendum-on-eu-membership-result

I don't think the bookies will call this wrong.

Anyway on the morning of June 24th if i wake up and the result is 70-30'ish to "Stay" i will know that 2 out of 3 people i meet from that point on will have voted to "stay"

despite virtually everyone i have spoken to saying they are in the "Leave" camp.

Totally.

I'd expect each household to lose A LOT more than a few thousand each but it's hardly the point is it ?

Since the credit crunch all evil comes from Europe and immigrants allegedly. That is what it's come down to: social cohesion (a genuine issue I think), blame-shifting and woolly ideas about sovereignty. Not some blandly cautious 'numbers'.

So what if Brexiters haven't made a proper case ? RW press have spent the last decade relentlessly inciting real fear and misinformation into the population with great success. Bremainers need to address the heart as well as the head.

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HOLA4422

Totally.

I'd expect each household to lose A LOT more than a few thousand each but it's hardly the point is it ?

Since the credit crunch all evil comes from Europe and immigrants allegedly. That is what it's come down to: social cohesion (a genuine issue I think), blame-shifting and woolly ideas about sovereignty. Not some blandly cautious 'numbers'.

So what if Brexiters haven't made a proper case ? RW press have spent the last decade relentlessly inciting real fear and misinformation into the population with great success. Bremainers need to address the heart as well as the head.

For average joe i think that's spot on ...i said along time ago the choice will come from the heart not the head for most

Noone believes this (or any for that matter) government`s fiscal predictions anymore ,the more they try to shove down the electorates throats the more the electorate will revert to their default option as you outlined

I would also add how the EU/imigration have depressed average Joe`s wage`s this is a very real problem that most have already worked out

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HOLA4423

yeah....?

EU

Contributors: EURO BILLIONS 2013
1 - Germany - 16.32
2 - UK - 10.76
3 - France - 9.05
4 - Italy - 4.61
5 - Netherlands - 4.21
Recipients: EURO BILLIONS
1 - Poland - 9.07
2 - Greece 5.31
3 - Hungary 4.09
4 - Portugal 4.37
5 - Romania -4.09
:rolleyes:

The socialist megastate. Zero democracy. Taxes misallocated. Watch your local hospitals and schools crumble away. Watch morons vote for more of this on 23rd June.

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HOLA4424

Totally.

I'd expect each household to lose A LOT more than a few thousand each but it's hardly the point is it ?

Since the credit crunch all evil comes from Europe and immigrants allegedly. That is what it's come down to: social cohesion (a genuine issue I think), blame-shifting and woolly ideas about sovereignty. Not some blandly cautious 'numbers'.

So what if Brexiters haven't made a proper case ? RW press have spent the last decade relentlessly inciting real fear and misinformation into the population with great success. Bremainers need to address the heart as well as the head.

So wage stagnation has nothing to with a surplus of cheap labour? 25% of schools over-subscribed? Hospitals closing A+E more and more? 330,000 net migration per year (official figures) but our infrastructure can handle this magically while in a time of cuts?

Surplus of cheap labour = more and more tax credits and child/housing benefits hoovered up by zero-contributing EEs.

You make the argument either/or - it's not. Uncontrolled migration to the UK exarcebates underlying problems.

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HOLA4425

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