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Protectionist nonsense. No wonder you switched sides! And no the zero tariff would not necessarily be in both directions. Not if the EU have their way. So be it. Bring it on.

It's a good question. And on the bare face of it the answer seems to be an obvious 'no'. But. You see there's a 'but' in there. If the EU want to punish their consumers by putting those tariffs on - then that may well be what happens. Our exporters to the EU will indeed suffer. Yes...

Indeed. Let the consumer decide.

Yup. I quit working for anybody else in my mid-30s and my god its nice not having project managers and busybody HR staff trying to tell you what to think. Dealing daily with financial armageddon (for the first few years in particular) takes a certain strength of character - but once you're...

50H is digging himself a massive hole here. Trouble is - he's got a narrative running in his head that says its down to the kids not working hard enough rather than house prices going through the roof over the last few decades (and digging up the facts about that is really not very hard)...

HS2 has to go. And spend the money on the current network.

Er.... No. I had a house there in the 80s. It was nowhere near that amount.

ET call home. In the area of London I just moved out of you need something like 12x annual average pay to buy a 'starter' house.

Nick Cohen talking about the Labour party and Corbyn: "Every MP I spoke to talked of the stress of dealing with a party dominated by tiny-minded people in the grip of paranoid fantasies. The stupidity of Corbyn and his supporters is their least-discussed feature, but it is the one that hurts...

You can lead a horse to water. But.....

Well there you go. Danny will not read an article (written by the IMF not some 'nut-job' right-wing economist...) - that challenges his previously held views. Danny Danny Danny..... I had hopes for you too.

Ha! Nonsense. We CREATE wealth all the time! Doh! Such an old Socialist idea that there is one cake of money and its all about how you split it up! I really thought such ideas had died out with Corbyns chances of winning an election....

"However, even if there were an $800 billion trade deficit it simply wouldn't be a problem. Because the balance of payments does actually balance--it must, it's an accounting identity. Thus if there's a trade deficit then there must be, over on the capital account, a surplus, to balance it...

Read the IMF article.

Otherwise you get into your head that 'exports' are 'good' and 'imports' are bad. Nonsense! The whole point of exports - you could argue - is to enable you to import! Anyhow. From the IMF: So, are deficits bad? A common complaint about economics is that the answer to any question is, "It...

It doesn't matter. Really. It. Does. Not. Matter. What matters is you have the money to buy stuff. End of.

Simple thought experiment. Imagine a country where none of the people have jobs - they all make money off stocks, property and savings interest. They buy stuff from outside the country. Result - a perfectly sustainable system with a continual negative balance of payments. Earth calling...

Here - found it (in Politico): EU top lawyer: UK can unilaterally withdraw Article 50 The European Court of Justice’s advocate general says the UK does not need approval of other EU countries to withdraw from Brexit. By ZOYA SHEFTALOVICH 12/4/18, 9:29 AM CET Updated 12/8/18, 11:31 AM...

That's actually quite clever. :-)

The whole point of 'wealth' is being rich enough to buy stuff from 'outside'. All a negative balance of payments means is that we're rich enough to buy stuff from outside the UK. If and when you 'get' this simple concept please go tell Trump because he sure hasn't understood it.