and how is it crippled by the EU?

because the EU forced all its member states to bail out its banks.

and thats why its stagnant?

Its why Iceland was being lambasted for so long, because they said no, fuck you, and let their banks collapse

hi

Iceland isnt part of the EU

Yes, because interest is at 0.1%

Greece got bailed out

GG @HM - King of UK + Commonwealth, you just advanced to level 8!

which interest you speaking of?

hi

You are an economist, that doesn't know how austerity works?

Hi

The rate of interest set by the bank of England?

The economy isn't stagnant because of a lack of workers ffs

Austerity is coming to a end

fuck

I just realised I am arguing with two fucking morons

that was close I almost took you clowns seriously for a moment

phew

right I am off

Good bye

politics is tearing us apart

There will always be division in politics

jk idk

The bank of England is holding their interests down (alongside with ECB) to help to keep the southern europe on stable terms alongside with other non EU nations that have debt to UK. The rise of interests is never really a good sign. And even if the interest rate was double that, it wouldnt keep UK economy on better terms.

Division clear the lobby

Chequers will be better for the economy than no deal

Bank of England interests dont have much to do with stagnant economy, if anything then it should even help to re-vitalize the economy.

Because the interest are down, people lend more money, which they in turn invest to somewhere.

Same with other countries and their infrastructure projects.

Which political party do you support

me?

Yes

Im not british.

Where are you from

Estonia

Which political party do you support in Estonia

Im kinda mixed, but the one right now closest to my views is EKRE (Estonian conservative peoples party)

cuz they support a better economic model and want to fix the judiciary system.

I have had many bad cases with the judiciary system.

And I abosuletly do not support the current enonomic model. What got us through the 07-08 crisis was reserves. Our country had saved up money for years.

And we now need to replenish those reserves.

sidenote: we have the lowest debt to gdp ration in the whole EU.

currently at 9%

In the Estonia the party you currently support is the equivalent of the uk conservatives party

Trumps america yeehaw

@Deleted User with the difference being we dont have f*ckers saying "aye, aye" in our parliment.

and our conservative parties are completely different.

Or no

w

what.

Division clear the lobby

why was i pinged

you werent

Pinged by who

@HM - King of UK + Commonwealth what kind of an economic model do you support?

For what

for UK

In terms of

like budget deficit

I support the conservatives party economic model

which is exactly?

The incumbent one

doesent tell much

https://journals.openedition.org/osb/374

not gona read thorugh that tbh

nvm

its outdated

Conservatives: The Tories will eliminate the deficit by "the middle of the next decade" committing to fiscal rules laid out by Hammond during the Autumn Statement last November. These rather loose rules commit the government to return to a budget surplus "as soon as practicably possible" and try to limit borrowing to 2% this year.

The party says in its manifesto: "Conservatives believe in balancing the books and paying down debts - because it is wrong to pass future generations a bill you cannot or will not pay yourself.

"The next Conservative government will continue the difficult but necessary work of restoring our public finances while still ensuring that we are investing for the future."

how much deficit u have? like 1.8%?

I wonder from where they gon take the money to balance it out tho?

wtf

10%?

damn

but even 2.2 is high

only 4-5 years of budget surplus on 20+ years?

thats bad

thats really bad

That was in 2016 to 2017 it lower now

how is it that you all manage to get so goddamn big budget deficits?

dont ya read the economics part of the ballot?

Which years are you referring to

all of em really

like, seeing astronomic figures like 7

5

6

3

bruh

Anyway I’m going to go to sleep now bye

lmao

git gud

2009-2010. The years after the financial crash in 2008, it isn't rocket science. The UK economy is recovering remarkably well, but it would of been better to NOT bail out the banks

Ok

Replubicans > Democrat’s

@TheNobody Sort <#508201676797378575> out so there isn't ridiculous amounts of spam.