OECD study finds Britons will be paying a heavy “Brexit tax” for many years if UK leaves EU – OECD

English: The logo of the Organisation for Econ...

English: The logo of the Organisation for Economic Co-operation and Development (OECD). (Photo credit: Wikipedia)

Here’s a must read story, picked up by the global media. Read the original and the research. OECD specializes in quality data and research on economy including economic outlooks, analysis and forecasts, country surveys, monetary and financial issues, public finance and fiscal policy and productivity. Now OECD confirms that a UK exit from the EU would immediately hit confidence and raise uncertainty which would result in GDP being 3% lower by 2020, which equates to £ 2200 per household. The OECD states that such costs are already piling up in a new study released today.

Source: OECD study finds Britons will be paying a heavy “Brexit tax” for many years if UK leaves EU – OECD

Let make a few observations.

Firstly, the OECD conclusions are not surprising or different from other research studies. What is significant is that the OECD is adding its weight with its own research.

Secondly, the OECD cost of £ 2200 per household is widely trailed by major newspapers today.

Thirdly and critically, Nigel Farage could not cite one major economic study to support Brexit.

Fourthly, there aren’t any credible economic projections and risk reviews of alternative Brexit scenarios because the numbers don’t stack up.

Fifthly, the Brexit case is solely argued promoting fear of increased immigration. According to the Economist, immigration would stay either way because of skill shortages in the UK – for example, with junior NHS doctors on strike, think about foreign doctors and nurses propping up the NHS.

Opinion – The real ticking time bomb for the Tories is home ownership – Telegraph – John Gelmini

Conservative Party (UK)

Conservative Party (UK) (Photo credit: Wikipedia)

This post from the Telegraph, courtesy of Dr Alf, is manifest nonsense. We have had a housing crisis in the UK for at least 100 years, and nobody has seen fit to take the necessary measures to put it right. Indeed, things are getting worse with the so-called “Mortgage Market Review”, proposed restrictions on buy-to-let landlords over and above the Chancellors measures on buy-to-let tax relief restriction.

There is, and always has been, an unwillingness to use Hof Haus systems building methods, or build upwards, or tackle the scandal of too many local authorities and their excessive greed and mendacity surrounding many but not all planning applications.

Furthermore, we lack the construction workers to build the houses, even if they could be financed, and plans for carbon reduction make many of them too expensive to build, even if they could be financed.

The problem that the Conservatives will face is immigration and the belief in the minds of the public that the world owes them a living. Immigration has been allowed to proliferate unchecked because too many members of the indigenous population are unwilling to do certain jobs and are lazy and unproductive. For those who take umbrage at this criticism, I say look at the figures for productivity which place the UK at 20th position in the world with 32% public sector productivity, plus excessive overmanning, and 48% private sector productivity, with just 400 world-class companies and a balance of trade deficit growing at £3 billion gbp a month since 1981.

John Gelmini