@joelymack Here’s some data if it helps. U.K., that was at the top of the G7 prior to Brexit is now an outlier.
@joelymack 2/. ONS. Household expenditure now exceeds income. First time since 1988 Average £900 shortfall.

Not all households face the same budget pressures – the poorest 10% of households are most likely to spend more than they receive in income
@joelymack 3/. Q2 2018. Red Flag Research that monitors the financial health of UK companies, 472,183 businesses were experiencing ‘Significant’ financial distress at the end of June 2018, up 9% compared to the same stage last year (Q2 2017:).

@joelymack 4/ Centre For European Reform.

We have already lost more in lost taxes than we pay into the EU Budget. July 2018.

@joelymack Employment might look OK BUT Under employment isn’t getting better. 1hr pw = “employment”


But "underemployment" — the phenomenon of people stuck in badly paid part-time jobs who cannot get full-time work — remains higher now than during the 2008 crisis
@joelymack 6/. Car output down 47% in June 2018. Industry very worried

"Output of vehicles for the UK market plunged by 47% in June, compared with a 6% rise in exports, amid a “perfect storm” of factors"

Carmakers not ready for Brexit, says SMMT as UK sales fall

@joelymack 7/ itv.com/news/2018-07-1…

“Tax hikes and spending cuts worth an extra £39 billion every decade for the next 50 years would be needed to prevent ballooning national debt levels, the UK’s fiscal watchdog has warned.
@joelymack 8/. LSE measures how Brexit it biting.

@joelymack 9/
Growth in 2018
keep scrolling down

EA 2.1
@joelymack 10/A hard Brexit may mean Britain's GDP loses upto 7% annually over 15 years, former World Bank chief economist says bloom.bg/2L6Lsea


@joelymack 11/. Response from Prof Paul Welfens to above report”

“quite important analysis. #NickStern with a clear view on BREXIT. One may argue that #NoDEAL BREXT cost would be much higher: about 16% of national income. For ordinary household BREXIT will be a disaster. “
@joelymack 12/. Latest ONS figures (July 2018) showing trade deficit has widened by nearly £5bn in the last quarter.

@joelymack 13/. NEW Investment down 90%

New investment in the U.K. (stripping out SWF buying property etc) is down 90%. In contrast has trebled in Germany- unctad data.

“United Kingdom received around USD 20 billion in FDI in 2017. This represents a year-to-year decrease of 90% “
@joelymack 14/. To be fair 2016 was a high point. ARM changed hands as did one of the iconic office blocks. Both involved cash rather than equity- because of devaluation assets were cheap (which may or may not be what cash rich brexiters are trying to achieve)

@joelymack 15/. Even ignoring that new foreign investment is down by 50% on years 2013-2015
@joelymack 15/. Insolvencies up 14% on previous year. Over 4K businesses. Insurance against the risk of non payment due to bankruptcy has increased to meet the risk

@joelymack 16/ so unless those in the conversation with you are better qualified than the above commentators I am not too interested in their opinions.

They are welcome to screw up their own lives, but not mine, my family, my friends, neighbours or the generation that was unable to vote

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More from @fascinatorfun

Sep 28, 2018
No! Surely not?
Stuart who was on the Vote Leave Governance Committee and especially liked the lying red bus (per Cummings)

Wilton Park is the Foreign and Commonwealth training outfit that had SCL Elections/ Turnbull to help train personnel in Feb 2017on psy-ops Trump model.
@BrexitBin @brexit_sham @DelvingHaylee @stonesister7 @peterjukes @carolecadwalla @Channel4News
Gisela Stuart, on the Governance Committte of Vote Leave -guilty of bad Governance- now Chair of Wilton Park, FCO training that used SCL Elections/CA in their Feb 2017 psy-ops training
Read 5 tweets
Sep 25, 2018
@AlexChalkChelt. Can you have a word with your Colleague @DKShrewsbury who is yet another Conservative MP misleading the public about EU tariffs? He is standing in front of fruit that we import tariff free from numerous countries under EU Trade deals & preferantiql tariffs.
Here is a comprehensive explanation from @Jim_Cornelius who has gone to considerable lengths to explain the tariffs on each product. He has done this for a number of Conservative MPs (the ERG types) who repeatedly mislead the public.
It is not ethical for them to keep doing this.

There is a reason the food industry say food prices will rise post Brexit especially if trading on WTO terms, not just because of tariff barriers but the likely cost of NON tariff barriers, even with an FTA.
Read 7 tweets
Aug 26, 2018
This makes me so sad.
Here are some photos of the border that are worth a good look and a good think.

C.30k people cross it each day.

And a car driving in the same direction for 6 miles crossing the border 4 times.

Read 12 tweets
Aug 18, 2018
This is a delicately woven thread on the @margarethodge @bethrigby /Labour Party AS issue.

My detailed comments making a comparison between the ineptness of LP in this and JC in NI are at the end

But I want to say this.
“Keep a bag packed just in case” is not an OK childhood
2/. I thank AdamWagner1 for this delicately poised thread.

I spent much of my teenage years reading such literature as Victor Frankl’s inspiring, life affirming, gentle & powerful account of survival and thriving from the Holocaust

These accounts display courage & deep kindness
3/. Whilst I deplore the Israeli Government’s’ actions leading to such terrible injustices in the Golan Heights and onwards I do not think for a single moment that this is the voice of the best of Judaism.

Any more than the cruel comments on @maragarethodge is the best of LP
Read 4 tweets
Aug 17, 2018
This article by ⁦@CoppetainPU⁩ reflecting on the quality of dialogue regarding Brexit, & the first casualty: the truth.

We Remainers must be careful not to pick “bad arguments” inaccurate information about trading on WTO terms.

Plenty good ones! politics.co.uk/comment-analys…
In fact my experience of Remainers is they are keen to get facts right.

BUT it’s v.easy for an error to gain traction at the expense of perfectly sound arguments located elsewhere.

Can we knock on the head that we cannot trade without full agreement from all 160+ WTO countries?
The better argument is we may struggle to win trade from a country in dispute with us over - say- Tariff Rate Quotas (TRQs) such as NZ lamb. They want to be able to export more to us tariff free (competitive edge for them).

Disputes also mean that we are trading at risk.
Read 5 tweets
Aug 13, 2018
@andreajenkyns @grahambsi @tempora_magda Have you read the tone of your own tweet. It shows not a jot of honest self reflection.

Let’s have a little look at Leave backers (élite) and note how many are making money out of the falling £ whilst the rest of us have to bear the consequent increase in costs & inflation.
@andreajenkyns @grahambsi @tempora_magda 2/. 1. Jim Ratcliffe - £15.3 billion, 2. James Dyson - £9.5 billion 3. David and Fredrick Barclay - £7.4 billion (pay no tax), 4. Lord Bamford - £3.6 billion 5. Peter Hargreaves - £3.16billion.

Then there’s hedge fund billionaires like Hintze and Crispin Odey. Arron Banks(!)
@andreajenkyns @grahambsi @tempora_magda 3/. Richard Desmond @RichardDesmond - £2.6 bn 7. Steve Lansdown - £1.72bn 8. Lord Ashcroft @LordAshcroft - £1.28bn (pay no tax) 9. Jim Mellon £1bn (pay no tax) 10. Viscount Rothermere - £900m 11. Tim Martin - £448m -

Lords: Lawson, Lamont & Ridley & the crashes they resided over
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