The UK economy is already more than 2% smaller than it would be if we had voted to Remain in the EU & @JuliaHB1 keeps tweeting everyone knew what they voted for. #MindBlownpic.twitter.com/j322seJ6I3
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That's exactly what she said. Brexit has cost £40 billion so far
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No. It. Isn’t.
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She didn't say the economy had shrunk 2%. Its the case that the economy is 2% smaller than it would have been though.
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No. The economy is not 2% smaller than it would have been. Economists claim the *increase* in the size of the economy is 2% smaller. So a tiny percentage of a small percentage rise that was predicted, ie. far less than 2% (and who knows if the prediction was right anyway?).
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Isn't that tiny 2% about the same drop as the 2008 financial crisis Julia? Let's look at USvUKvEU and what happens when project stupid kicks in.pic.twitter.com/0j3mLrXP3F
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Here's a copy of that graph with the source shown clearly. Tweet it often, I do.pic.twitter.com/ZDnqiWgKC7
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Thanks, hadn't realised mine was a bad copy. My economist pal
@soechristian is always good for a graph! He has loads and loads of data to play with! -
Thank you I already follow Christian but I will do much more closely from now on.
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It's not often I find myself agreeing with you, but facts are facts. Wishful thinking on her part. Remainers are desperate for Brexit to ruin this country or they all look like twats.
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Here's a tip for you. If you're going to quote sources, try to use independant ones, not 'think-tanks' with agendas or paid-for opinions. The Centre for European Reform should be called the EU Promotion Co By the way, the ONS disagrees with you and him. https://www.ons.gov.uk/economy/grossdomesticproductgdp/timeseries/ihyq/qna …pic.twitter.com/c2mU13ymVv
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You haven't read her tweet properly. She is factually correct.
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No she isn't. Best estimates suggest the economy is 2% smaller than it would have been, not 2% smaller than it was in 2016, nor that GROWTH has fallen by 2%. Growth fell by 2 percentage points which is not at all the same thing.
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FFS read the tweet again. And where does it refer to growth?
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Julia refers to growth of 2%. But she gets confused between 2% growth of GDP, a large number, and a 2% change in that growth, which is a small number. If you don't understand this I suggest you revise some elementary arithmetic.
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Julia introduced the growth comment. It was not in Britgirl's original tweet. Maths counts for nothing if you don't bother to read properly.
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And it was Julia's tweet I was talking about. Haven't seen britgirl's.
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We appear to have been talking at cross purposes. britgirlhatesbrexit is right and Julia is completely and demonstrably wrong, as I tried to point out.
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Agreed!
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D for comprehension Julia, that's exactly what she said
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No. It. Isn’t.
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her: "2% smaller than it would be if we had voted to Remain" versus your: "2% less than it might otherwise have grown%". what's the difference? what else is the 'otherwise'?
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Keyword: Might. Think your reading comprehension could use some work there fella.
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nope, both conditional indicating hypothetical scenario. same
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My point is that might indicates uncertainty. JHB is saying that the economy could have grown extra, but could equally not have. The former statement claims with certainty that the economy is smaller based on projections. Geddit?
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actually I guess what JHB meant is that the amount of growth was 2% less than otherwise , ie. growth of 0.98% rather than growth of 1%, rather than the entire economy being 2% smaller.
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