trail wrote:
jkca1 wrote:
The UK has been suffering from trade problems for years, and they should have done something to limit imports;
"In 2016, the United Kingdom exported $374B and imported $609B, resulting in a negative trade balance of $235B".
You can go back to about 1983 according to the ONS, and see the UK's trade advantage go south never to recover. I think they call that deficit spending. ;)
Now if your theory is that deficit spending helped pull the world's economy out of the Bush/Obama era financial problems I think we could both agree that it worked short term, but long term someone has to pay the piper if we want to continue dancing.
Trump, is that you?
A trade imbalance and deficit spending are two very, very different things.
Agreed, But how is the UK going to be helped by pulling out of the EU with the problems it has had for decades and then manage a severe downturn in their economy? The BoE is screaming the sky will fall and yet the Govt. continues on its merry way. Not a prudent financial action if you ask me. I
"The great pleasure in life is doing what people say you cannot do."