Your maths needs work. American GDP per head is about 70% higher than ours ($76,398 vs $45,850 in 2022), so they make $17 for each $10 we make. If you cut their hours by twelve percent, they lose $2.… (View Post)

I would say there's another reason why the 5.5% does not pass the sniff test. Our exports to the EU were only 11% of our economy in 2019. Much of that was trade in services, which, as Springford… (View Post)

We won't know until we apply of course, but I've a vague feeling that somewhere in the turgid drivel that is the Lisbon Treaty there's something about EU membership being open to Europ… (View Post)

No. Over-financialized - the share of our GDP generated by financial services (8%) is about the same as the US (7%) or Switzerland (9%), both of which have much higher income levels. Over rentierized… (View Post)

Even if that's true, Rejoining would certainly involve another decade long trauma when the country's real problems wouldn't be addressed. Also we would have to join the Euro, which wou… (View Post)