That document (note: an earlier analysis) did not consider the disruptive, short-term adjustment that would follow a vote to leave.
The analysis in this HM Treasury document quantifies the impact of that adjustment over the immediate period of two years following a vote to leave. Such a vote would trigger a redefinition not only of the UK’s economic relationship with the EU and the rest of the world, but also of much of the UK’s domestic economic policy, regulatory and legislative framework. A vote to leave would cause an immediate and profound economic shock creating instability and uncertainty which would be compounded by the complex and interdependent negotiations that would follow.
The central conclusion of the analysis is that the effect of this profound shock would be to push the UK into recession and lead to a sharp rise in unemployment.
Can we please put to rest the idea that the Treasury only promoted the impact after we had actually left. They prepared an analysis of the impact of a vote to leave, and it was this that was pushed endlessly in the run up to the referendum.
@biffo-konkersaid Your post was 'thumbed up' by 4 people who also did not follow the link.
Just like the Referendum leave vote - people voted for something that they did not properly look into and understand.
I'm impressed how you squeezed so many assumptions into one post.
White House press secretary Sarah Sanders said lawmakers are not "smart enough" to look through President Trump's tax returns.
She appeared on "Fox News Sunday" as a battle is being waged over access to Trump's financial records.
I don't think Congress, particularly not this group of congressmen and women, are smart enough to look through the thousands of pages that I would assume that president Trump's taxes will be," Sanders said to host Chris Wallace.
I've tried pretty hard to be patient with this political science major from Ouachita Baptist University, but saying Americas lawmakers, many of whom have advanced degrees, such as MBA's, J.D.'s, CPA's, and PhD's are simply "not smart enough to look through Trump's tax returns" displays a stupidity I thought I'd never see - even from this sorry excuse for an adult.
@whodeysaid Although sad, this is somewhat symbolic
The Catholic church as devolved to the point of essentially ignoring the world wide mass genocide of abortion, at least according to their theology, while giving sermons on the evils of building walls instead. Don't get me started on the continual pedophilia fiasco that the Lefties in the church refuse to address.
Then there is Eu ...[text shortened]... edral and build an abortion center or something or perhaps a monument to Karl Marx.
@very-rustysaid was a teenager back then and a bit of a bad ass!!! 😉
Remember that time when you were only 19 and you and a pal found a quarter.
Christ that was sweet when you and your pal both rode the Winnie the Pooh ride outside Walmart.
Renta cop didn't have the heart to unplug it you guys were having so much fun !
@knightstalker47said A low rated player can play just as many games as a strong player, they will just be the underdog most of the time. As long as your leader is willing to put you in, you'll get games.
The system already exists in the form of the clan league, just award points to clans based on those results, instead of the current way of earning points. I played in the clan leagues ...[text shortened]... r Chess Warriors some time back. I played against a wide variety of opponents, some 1200, some 2000.
One of the features which makes the clan system attractive is that low-rated players can have just as much fun, and have real chances of winning games, as high-rated players. This works only if ratings accurately reflect players' real playing strengths. Do away with this, and there isn't a clan system anymore; there is just the team with all the 2300+ layers on it and all the rest are losers; no fun in that at all.
@biffo-konkersaid I already dealt with the plunging pound in this post which ghost ignored-
'The pound’s 8-percent fall against the dollar on June 24 was its biggest one-day fall since the era of free-floating exchange rates was introduced in the early 1970s, Reuters data shows. That loss has extended to as much as 13 percent since.