Eurosceptic economist makes absolutely bonkers prediction about Brexit in 2015

[@parametr]

"world price" xD This dude is a professor in Cardiff Uni. Good luck to everybody studying in Cardiff Uni. You are gonna need it.

[@JT-si6bl]

Financial Engineering they call it. More like factional engineering.

[@alexkat8297]

That's a widely used term in economics actually, it's not really what makes his argument bonkers (which it is of course)

[@marvintpandroid2213]

Note: You do not get to dictate the terms of a trade deal if you are the one who is desperate to make it.

[@suburbanyobbo9412]

Note, the UK has had little problem establishing trade deals since Brexit and important Brexit killed TTIP, thank god remainers didn’t get their way on TTIP.

[@notright7]

@@suburbanyobbo9412 but yet the Uk is doing worse than the EU in every aspect expect loosing market share. Inflasion alone is worse than the EU. The UK is short how many workers because of brexit. People are actually having to buy private insurance for healthcare to live in Spain. You cannot no longer stay in an EU country for longer than 90 days. But, yet the UK is still doing well according to you.

[@suburbanyobbo9412]

@@notright7 >”Inflasion alone is worse than the EU” No. Month on month UK inflation has generally been lower than EU inflation, since Brexit. Not that this necessarily tells us very much. >”The UK is short how many workers because of Brexit” No, this is a myth, there is no labour shortage as a result of Brexit. The notion that immigration can help solve labour shortages is a fallacy known as labour fallacy. Some employers are complaining because they have less access to cheap labour, there is no labour shortage as a result of Brexit. >”People are actually having to buy private insurance for healthcare to live in Spain.” Some people may find they need to have private healthcare insurance, however the majority will either find their healthcare is for by the UK government or they can join the Convenio Especial. >”You cannot no longer stay in an EU country for longer than 90 days” The restriction you are alluding to limits citizens of non-Schengen zone states to 90 days within a 180 day period, without a visa. In other words, just get a visa, as you would do anywhere else in the world. Nothing you have alluded to outweighs the benefits of Brexit which include, higher wage growth, TTIP is no more, The UK does not have to pay a membership fee, better industry standards, more decisions are taken at the national level where they are subject to far greater checks and balances than was the case whilst the UK were a member of the EU and the UK government now has full control over taxation which was not the case when the UK was an EU member state.

[@ParcelOfRogue]

As usual Minford gets everything back to front. In 1981-2 his Monetarism destroyed 20% on industry permanently and created 5 million unemployed. He predicted Brexit would boost the economy by 7% ( it shrank by between 4%-5.5% ). Then he was Liz Truss's main economics advisor and still holds that role.

[@gaspode505]

He is doing well, so he will say anything

[@radaring]

Patrick Minford is, and always has been, a lunatic. I attended a lecture by him when I was 19. My friends and I just laughed at what he was saying... I am now 53 years old and he is still doing the same comedy set. Totally batshit crazy. "We would have no unemployment if we had no trade unions.... etc"

[@LimeyRedneck]

I'd call him a Muppet, but I love Muppets!

[@PORRRIDGE_GUN]

Why does anybody give Mingebag Minford any credibility at all? I've never heard a word of sense from him, just neoliberal fantasies. I'd love to see him debate Gary Stevenson. That would be very interesting

[@omonkkonen6676]

UK will buy and sell goods for market price… yes.. ok… when was the last time UK actually manufactured something which would be even close to market price? So that UK could even theoretically compete without government subsidies. Would be nice to make some kind of impact assessment how many people would still have a job after that. Plus what kind of worker rights would be left? Slavery?

[@alana8863]

This guy got so much attention because he was Thatcher's guru. People now realise this should have been the reason for ignoring his insane arguments. All the key ideas that he and Thatcher believed in - blocking the building of public housing, giving vast amounts to the already rich, attacking the poor, privatising essential services, defunding the NHS, cutting social provision, discouraging investment and encouraging a casino economy - all of this is now clearly seen as wrong too. This is what happens when an economist abandons evidence and advocates economic policies based merely on dogma.

[@iandavidson1]

I agree. Most of the problems which the UK is suffering from right now are down to the kindergarten economics of Margate Thatcher. Lack of social housing, lack of a manufacturing base, lack of rent controls, local councils starved of funding, the council tax (poll-tax) the list goes on and on.

[@alana8863]

@@iandavidson1 Absolutely - and great name, btw, mine's Alan Davidson!

[@LambsyLamb]

Pity the old pr!CK didn't go down with his idol Thatcher!

[@JevansUK]

Why Thatcher was one of the great disasters we ever had.

[@richardfoulger4486]

No that is bias asserting itself in favour of the bias. The so called rich do not want public services. They don’t care about public welfare. That is the bottom line. Joanna Lumley made a bunch of statements recently quite bluntly stating that publicly. It’s the elephant in the room regarding austerity and indeed brexit.

[@martinhommel9967]

Brexit the gift that keeps taking

[@esmewitch]

Brexit; the grift that keeps on grifting.

[@suburbanyobbo9412]

>Brexit has delivered higher wage growth in the UK. >Brexit killed TTIP, thank goodness. >Brexit has delivered lower inflation than if the UK were still in the EU. >Brexit has returned full control over taxation to the UK government (this was not the case when the UK was in the EU despite claims made by the remain campaign). >Brexit will prevent the UK from bailing out southern EU states when their bond markets invariably fail.

[@vishmaster09]

Remember when Jacob Rees Mogg said this guy was the best economist in history

[@maartenaalsmeer]

And that's not even in the Top 5 of dumbest things Rees Mogg ever said.

[@grimborn9949]

Yes, only because he told him what he wanted to hear. It has something of a religion.

[@Toodyslexicforyou]

WHat up with very right wing politicians trusting the most brain dead economists out there. I know the social sciences lean left but surely there competent right wing economists?

[@himoffthequakeroatbox4320]

To misquote John Lennon, he's not even the best historian in economics.

[@declanokeeffe84]

😂😂😂

[@Stuark54]

Well, as we watch our country sink I can safely say I wasn’t one of the people who drilled a hole in the bottom of the boat by voting for brexit.

[@griffithstoby]

Me too

[@Last.Man.Standing]

Minford on Titanic: "The sinking was a wonderful opportunity for people get into lifeboats and be in control of their destination - a whole world of possibilities ahead." 🚣‍♂️

[@DICKdeNORMATITY]

Its the same as democracy or free market capital. Never given a chance.

[@theressomelovelyfilthdownh4329]

Only one country wanted this, and they gave the Tories an eighty seat majority. The other two, and part of Ireland, weren't so keen on Boris, and his oven ready deal.

[@graemehancocks4171]

Quite.

[@michaellawrence7570]

Brexit has finished the UK ONCE and for all

[@octavianpopescu4776]

The UK will be fine. It will continue to exist, just in a less... exalted manner than it was previously accustomed to. It will be just another country, no more, no less, not a great power as it once was. And there are way poorer countries in the world who are ok. I see no reason why the UK, one of the largest economies in the world, wouldn't be able to survive the current issues. The UK is still richer than most of the world, it can afford the pressure, since it has the financial resources, it has a GDP measured in trillions. Not a lot of countries can say that.

[@monty8838]

No the concervative government have ruined our country

[@samspencer7765]

​@@octavianpopescu4776GDP matters less than GDP distribution. The UK isn't a rich country, it's a very middling country on a fast slide downward with a rising number of billionaires artificially raising average GDP.

[@octavianpopescu4776]

@@samspencer7765 Yes, but GDP distribution can be solved internally. I'm from a country where there's not much to distribute anyway (300 billion EUR GDP), so we have to first make that money. Or the UK already makes the money, it just needs to change the distribution. Sure, it's easier said than done, but the task is definitely easier compared to poor countries which have this added problem of making the money.

[@mstp69ify]

We kicked our biggest trading partner away with the hope that the world will take us on. How arrogant. The UK has so little independent industry that on the world market we are just a small player. Paris is now becoming a bigger player in the financial world than London, which means the only industry in which the UK was really dominant we are also losing.

[@stevendevlin4410]

Love the use of " protectionism" as a reason not to enter a customs union while ignoring the fact that it benefits those inside the union.

[@whatwentwrong4599]

Synergy and symbiosis always wins. Cooperation and coordination tend to be quite useful I find.

[@marklanahan7289]

Who benefits then?

[@whatwentwrong4599]

@@marklanahan7289 Everybody in the union, different countries benefit in different ways, why do you think so many countries have joined it? There are for more pros in it than out. Unless you want to bring up the sovereignty, you've just been sold a con. Joining any institution, union or convention will impact on sovereignty, you weigh the pros and cons, if your argument is sovereignty we might as well leave everything and go full North Korea, the UN, NATO, the international convention for refugees, international anti slavery laws, get rid of the lot so, "we can make our own decisions" it's absolutely ridiculous as an argument.

[@marklanahan7289]

@@whatwentwrong4599 protection benefits the producer not the consumer who is a prisoner in the market. Like Minffordd says... by leaving these deals the consumer would see an 8% drop in prices. That's a fact. Also, even a nobody like ne knows that the first thing we should have done would have been to devalue Stirling by 25%. But that would have destroyed the EU and our traitorous middleclass didn't want to upset all those pals in cushy EU jobs or piss off the multinationals... did they?

[@nickharvey7233]

​@marklanahan7289 Nonense, padded out with balderdash. Devalue by 25% - have you even the slightest clue what that does to inflation? Rampant doesn't even begin to deacribe it. (Not that I claim omniscience in any matter, never mind economics, but for what it's worth, I studied economics through to a Masters level and was head of a team of 7 economists providing macroeconomic analysis to global businesses across Emerging Markets.) In short, read more widely, including from sources that challenge your assumptions, before making such sweeping pronouncements.

[@ishan6241]

A shining example of how wrong an economist can be.

[@verystripeyzebra]

Especially one that uses a one hundred years out of date economic model. It's like he totally ignores modern economic modelling and its numerous data points.

[@leor7870]

99% of the economists agreed that there was going to be a detrimental effect on the economy. Only 5 economists argued that it would be beneficial, and those on this video are amongst those 5. Unfortunately, they were taking most of the air time. Completely bonkers

[@chrisspencer6502]

The man isn't an economist he's a shill, a cuck boi or puppet. Any 1st year economic student will be able to tell you about market forces and the roll of inflation and deflation in the economy. He said and 8% drop on the cost of living that's 8% deflation. Deflation is the worst thing in an economy, like hyper inflation deflation shows massive oversupply that results in job losses or and a slowdown in output. But unlime hyper inflation that shows over supply of Money or shorage of goods and services it shows oversupply in services

[@Jomchen]

corrupt*

[@marklanahan7289]

How's he wrong?

[@plaguebearerbob8882]

Man, if they only knew. Theyd do the exact same all over again.

[@G_C340]

Well yeah, Brexshit was all about conning the serfs while lining the pockets of the oligarchs and well to do.

[@leafbone1]

What was not in his model was the impact of dumping very cheap goods into the UK market and destroying hundreds of thousands of jobs, cheap goods that were made with very cheap labour, labour with no care infrastructure, cheap goods with no cost of waste disposal, cheap goods with no consequences for the destructive supply of materials.

[@ArminGrewe]

And if you show him this clip now I strongly suspect he will use the tried and trusted argument: "Yes, my predictions didn't come true, but that's only because the government did Brexit wrong. If only they had put me in charge all my predictions would have turned out to be correct"

[@mityaboy4639]

i think we could deflate that defense by pointing out that he said “day one” … and frankly at that point Brexit could have been anything (the deal was apparently good, oven ready even… and things were “on track”) but there was no 8% drop in cost of living… but you are right, they would come up with excuses after excuses anyway… its always someone else’s fault…

[@LimeyRedneck]

and of course there's always: It's all Putin and the pandemic's fault!

[@PORRRIDGE_GUN]

What's the word/excuse that economists use when their predictions turn out to be bullshit? Exogenous? Ie. 'My model didn't work because I didn't factor in consumer and voter resistance to privatising toddlers and taxing cats'

[@attackpatterndelta8949]

One of the most interesting comments I've heard on Question Time was from an audience member who said "Brexit would have worked if it had gone to a better school." It's a wonderful analogy of anyone who claims Brexit would be a success, if only we'd done it their way.

[@jonathananderson3897]

I love how he offered no explanation as to how they came to this prediction. 😂

[@davidmurphy7332]

That's the problem with Brexit in a nutshell - it was a means to an end in itself and not part of a larger strategy. People mostly voted to leave the EU because they didn't like it, rather than the EU actually blockading some grand plan that could have benefitted the country. Brexit was essentially executed with all the rigour and forethought of "Maybe something nice will happen..."

[@keysmiff7689]

People make the assumption that he is an intelligent and informed professional.... WRONG

[@eddjordan2399]

people who do that arnt worth the dihydrogen oxide

[@wirralwontshe7809]

We don't want health and safety laws, or employee protections, we want a reinforced class system and will encourage the poor to avoid education. If only more people understood what these arseholes were saying back then.

[@markwelch3564]

The problem with moving from EU prices to world prices is we also move from EU wages to world wages...

[@0w784g]

There's no such thing as "EU wages". It's why the UK is home to 5 million Poles.

[@PORRRIDGE_GUN]

That is not a bug, it's a feature. The disaster capitalists who engineered brexit desired that wages would fall. But that isn't working after they created a cost of living crisis alongside a labour shortage.

[@alexkat8297]

@@0w784g First, that's not true, and second you should check Poland's GDP per capita and growth rate. By 2030 it might be a wealthier country than the UK...

[@0w784g]

@@alexkat8297 First, it is true. Second, what's your point?

[@alexkat8297]

@@0w784g ''The Office for National Statistics estimates that the Polish-born population of the UK was 691,000 in 2020. The 2021 census recorded 743,083 Polish-born residents in England and Wales and 22,335 in Northern Ireland.'' Why do you guys spread lies in the era of the Internet where info is just one click away?...

[@djsmithe]

The UK had a amazing free trade agreement with over 25 countries. It's called the EU. The UK walked away from that agreement to look for other trade agreements. You wonder how half of the UK couldn't understand that.

[@namonamo494]

amazing is an understatement to be fair uk had some special agreement actually better then other member on several part

[@Alex-cw3rz]

This man should be in front of a tribunal for this

[@beanmcqueen]

I'm not sure we could consider them mentally fit to stand trial.

[@chetmanley1885]

Lined up against a wall more like

[@Tdoshok]

There. It's official. Even (apparently) very well informed, rational and intelligent people can be so completely full of hot air we could harness them as an alternative energy source. It's been decades. Can we PLEASE lay this neo-liberal economics to rest now? The damage has been incalculable.

[@ibjensen8120]

Did you call him informed, rational and intelligent?? 😩🤣😂🤣😂

[@backupinit]

He's a lobbyist.

[@Tdoshok]

@@ibjensen8120 Naaaah.. I said he had the *appearance* of being informed, rational and intelligence

[@ben_jam]

This is the problem, we let the lier's lie away and go completely unchallenged, and still do !!

[@pershaankhan1662]

0:45 "we have the ace card in this" Nope, we had the joker card

[@stevenhoward3358]

Rosindell and Minford in the same video, you couldn't ask for more toxicity

[@griffithstoby]

The last thing I want is low quality food and a damaged NHS

[@steverichmond7142]

Minford is famous for inventing 'facts' across a wide range of subjects. A favourite of Liz Truss. In the pay of the far right press and possibly Putin. I know he's old but he should be dismissed from any teaching posts he holds.

[@RonaldChump]

8% cheaper? 17% more expensive because the £ lost 17% overnight! Who'd want him as a tutor? Duh!

[@DrAshaphim]

Honestly, the hubris and arrogance of the rhetoric of the Leaver politicians is terrifying - they really thought the world would be desperately eating out of our hands. Also, they do know that most of the Commonwealth and the US are, like, really far away compared to Europe, right? 😅

[@toneloc-cz2xi]

The Soviets also had an EU style parliament with ZERO REAL POWER. The unelected polit beareau was the equivalent of the unelected EU commission -- The EU is basically the Soviet system revived - You WILL own nothing & be unhappy if u tolerate them

[@nathanaelsmith3553]

Well, since Brexit we can now have more powerful vacuum cleaners than the French - so not everything sucks, um, wait .. 🤔

[@sigmaputin6888]

At least our country isn’t burning like France was just a week ago 🔥

[@mattadams6639]

We just can’t afford to run them 😂

[@billybobthornton9668]

Ah yes, because France was burning as a direct consequence of being in the EU 🤦🤦🤦

[@nathanaelsmith3553]

@@mattadams6639 and nobody can afford to make them as the only market is... us.

[@whatwentwrong4599]

​@@sigmaputin6888Exactly why we are in the mess because too many tosspots like yourself won't stand up to these ghouls destroying the country and instead fight against your own interests by entertaining their grim polices and ideologies, solely focused on making sure the established hierarchy is not only maintained but strengthened. France is a much better run country than ours currently, even with the numerous issues they have. Their economy runs much better and is catching us quickly on overall GDP (surprising given they can trade freely with all their closest neighbors, not...), their energy sector is far superior, they are doing much better environmentally, their supermarkets are full of produce, it costs less to live there and they have a far better quality of life. Partially because they are willing to stand up to power and fight for their values, unlike something we could never do here, that's why we still have people with massive metal hats with shiny rocks, who are better than the rest of us still walking around. For the price you pay to live in this country, compared to the pros and cons, we are dropping behind most of Europe, in other words, the countries most culturally similar and closest geographically, which we just decided to drastically separate from.

[@drumfunk87]

Speechless

[@octavianpopescu4776]

As a European watching this... I say: let's burn the TCA and see what happens. Let's test his theory that the EU is dependent on the UK. I'm ready to take that chance, I'm a betting man, is he?

[@stephenconway2468]

Please don't.

[@WhichDoctor1]

This guy’s comedy routine is hilarious! I love serialism

[@14lachris]

What I find most amazing is that this guy still has a job

[@axzs9057]

That has aged well

[@urbanimage]

Well, we certainly helped New Zealand and Australia with our trade agreements with them.

[@lsd661]

How's the they need us more than we need them working out ?

[@chrisc9421]

Oh yes, the 'we hold all the cards' argument. How's that going for us?

[@stephenconway2468]

The EU never considered it as a game. We did hold all the cards and that is what we used to build out house....

[@Robin-me6bx]

These people need to be kept as far away from the corridors of power as possible.

[@Alex-cw3rz]

This should come with a prison sentence.

[@newtron1]

Former Bank of England Governor Mark Carney was spot on regarding his prediction that Brexit was going to be a disaster. Took a guy from 🇨🇦 to make the right call.

[@richardfoulger4486]

plenty made that call but it was a competition on populist nonsense not rational debate that won the day. Your right in that a foreign Bank of England governor made the call too. He had a weak position being a foreigner and all. No point taking pity on what else he could have done. It was all it could be.

[@namonamo494]

@@richardfoulger4486 you can even change plenty to a vast majority the tiny majority that delude itself the other way either failed or just follow on politic agenda at the end and while so far the cost is there clear to see, you'll now have people who'd keep pretending, i guess admiting this was the worse mistake ever done is too much to take, at the very least no matter what you think of eu/what could be done; you dont f*** leave the boat without a back up plan rdy to go/all set but even such basic logic wasn't there

[@toneloc-cz2xi]

The Soviets also had a parliament (the polit beareau) but ZERO REAL POWER. The EU is the Soviet system revived

[@namonamo494]

@@toneloc-cz2xi wtf are you even sputing as bulshit now xD? at least try to now how eu works if you wana lie about it, it'll prevent such big one xD this is too obvious

[@gaspode505]

Project fear= project reality 😂

[@peteroneill2991]

Tragic but also very funny, I will keep this clip, thankyou!.

[@iandavidson1]

It’s amazing that he is dizzy in his own ignorance and arrogance 😮

[@mikesummers-smith4091]

"The truth is" is the classic introduction to a lie.

[@hg82met]

Similar to "Let me be clear".

[@hg82met]

Has he resigned from his post in disgrace or still 'teaching' students?

[@JayBee51]

...The same Patrick Minford that Liz Truss used to support her bonkers plans last year ? ...'Nuf said !

[@BenJarrUK]

This aged so well :')

[@marvintpandroid2213]

Like fine milk

[@ianmc8671]

Complete economic illiteracy. How can this guy still have a job?

[@mickeysmouse4800]

Liz Truss employs him…😂

[@goingoutotheparty1]

He's straight outta that Guess who game

[@jerrysmith2360]

He was ALWAYS bloody bonkers , how he became a Professor I just can’t fathom.

[@eightiesmusic1984]

Brexit yesterday's news according to many of its advocates yet very much today's ongoing disaster. Torybour is silent about it while the SNP rightly calls it out for the car crash it is. It is one of the factors destroying living standards pushing up import prices and having a knock on effect on so many areas. Want to renew your insurance for car and home? That will cost more in part due to Brexit. Labour is a disgrace under Starmer and there should be a leadership challenge to replace him with a better leader before Labour run the risk of throwing away the GE.

[@gordonfleming458]

The SNP is a car crash 😂😂😂

[@eightiesmusic1984]

@@gordonfleming458 Not in reality.

[@gordonfleming458]

@@eightiesmusic1984 we can always hope 👍

[@gordonfleming458]

@@eightiesmusic1984 what is wrong with brexit ?? The SNP are a joke

[@eightiesmusic1984]

@@gordonfleming458 Superb response. Well done.

[@Alex-cw3rz]

He made a promise an 8% drop this should be considered Fraud

[@hg82met]

Don't worry, everyone! Kemi Badenoch signed the amazing CPTPP trade deal, which will benefit the UK by a whopping £1.8 billion over 10 years. Or as much as those two giant vessels hired by the government to house 500 refugees cost.

[@PORRRIDGE_GUN]

£1.8bn? That won't even cover my electricity bill this quarter.

[@dora71803]

If he was a parrot you would have to throw a blanket over his cage.

[@KIIXI]

This guy needs rest....his brain is exhausted...😅😅😅

[@markwilson2123]

Wow just shows he might be a professor but he is talking through his hoop. Reality is it's all gone Pete Tong

[@Redu3]

As Gary Stevenson says - where is the consequence for these economists who get it wrong, and continually get it wrong?

[@hypernorm4802]

Why on earth is Patrick Minford given credence?

[@martinhommel9967]

That is a good question! How can someone so dim become a university professor?

[@stephenconway2468]

Because he says what some people wanted/want to hear. I remember someone saying to me that the problem with the modern printer is that it can make any figures look good. If the spacing, font and graphs look good then people want to believe the figures.

[@manuellozano5567]

A true visionary.

[@choltrig]

Complete bonkers! We have proven this to be complete bollocks!.

[@HieronymousCheese]

Patrick Minford was the economist behind the policies of Liz Truss. What an absolute train-wreck.

[@godot-whatyouvebeenwaitingfor]

Thank god for recordings and history....

[@steveclark7918]

Question is, did he knowingly lie? Or was he stupid? The Official ONS forecast a 4% drop, which is what is happening.

[@lanmastersassistant659]

Economist can just make absolute rubbish up and get away with it because nobody goes back to challenge them afterwards

[@caphalor08]

That aged about as well as white wine left in the sun

[@bigblueocean]

I do hope he is squirming watching this back. Of course he will have a basketful of excuses. I wonder if he's honest enough with himself to be ashamed. Bet not.

[@miguelsilva9118]

I just love the smile on his face as he makes (wrong) predictions with such conviction. He's totally wrong, but at least he's having a good time, right?

[@davesmith559]

Bet he doesn't admit he is wrong now after all the evidence.

[@nearlythere9443]

I love a good comedian!🤣🤣🤣🤣

[@lonniei1606]

Rhe real insult is that man knows he's lying. He is pretending to be ignorant of how global trade works. His point of view....if i just keep saying this they will all believe it. Just disgusting.

[@kuukeli]

thank you for the video

[@mididoctors]

The big mistake central to argument is the omission the EU as a trading block can get better global trade deals than the UK

[@ljcbvideo]

Who awarded these people their degree? What a disgrace of a university!!!

[@abdelhalhuli4365]

Oh my. What on earth was that!?

[@obtuse1291]

Guess he counts unicorns to help get to sleep. 😂

[@michaelcoward1902]

I'm pretty sure "Economist" became just another way of saying "Clown" after 2007.

[@Spacey7]

What a load of bollox!! 🤬🤬

[@davidwhite1982]

Well this aged well.

[@noelpucarua2843]

That guy won't be selling very much economic advice to New Zealand, or anywhere.

[@djwoodgate]

I know where he pulled that simulation from.

[@daviddevoy2197]

These sound like the same analysts the SNP employ to explain why Scitland would be so much better off outside the UK.

[@maartenaalsmeer]

With the difference that those analysts are actually having a point.

[@darriendastar3941]

"In a continuation of his terrible career choices, just two years later Patrick Minford failed in his attempt to take over the Mystic Meg column at the Sun."

[@ovariantrolley2327]

Loll

[@jamiec4000]

The fact he said there'd be an 8% fall in cost of living ON DAY 1 shows how far off the mark he was. Absolute fantasy to think we'd tear up our EU trade arrangements and supply chains and instantly replace them.

[@alanwalker6047]

Lock him up

[@attackpatterndelta8949]

Andrew Rosindell was the guy who wanted to get rid of the £20 per week that benefits claimants receive, but defended MPs having second jobs.

[@editorblip9658]

Barking mad

[@ToothbrushMan]

For this guy, everything is about having lower prices: F environmental standards F human exploitation F animal husbandry

[@stephenglancy8551]

Like the eccentric drunk old nuisance you avoid at the bar

[@erikheddergott5514]

It just shows: Economy Professors are Blah Blah Talkers but not serious Scientists.

[@fergusmoloney5259]

What a load of guff they were spouting. Could this video record be sent to the broadcasters asking them to request a reaction from those who voiced these opinions.

[@sparkycalledmarky]

The old "we can trade however we want", while disregarding whoever we trade with wants what they want, whereby we have to come to an agreement that's probably not as benificial as what we had before...

[@seannolan1833]

I am confused on how that even makes sense

[@derekr1113]

Minford is still pedalling British Exceptionalism and 'They need us more ... ' 'They would not walk away' 'The EU us selling us stuff at inflated prices' OK, buy your next BMW from New Zealand.

[@teddyboysdontknit810]

The "they need us more than we need them" thinking!

[@efinel]

Lol when I read the title, I immediately thought it must be Patrick Minford. How does that guy have a job as an economist? He gets everything wrong!

[@davidpearn2484]

My God how wrong can one man be 😂😂😂.

[@seanfaherty]

Yup, now he’s telling us privatization of utilities, rail and the NHS is the ONLY possible solution. The solution to what he will not say.

[@namonamo494]

you jsut can't read/understand the guy! that mean privatization of utilities, rail and the NHS would be the worst course of action possible! just take everything backward ;)

[@seanfaherty]

@@namonamo494 You think it would be worse ? No matter the evidence before you from jurisdictions all over the western world, you think it would be worse ? Rail companies raising rates and dropping services ? That's great. Water Companies putting tax payers on the hook for repairs the company was contracted to repair ? You probably love that. Centrica Energy raising rates while the price of methane drops, raising Executive pay and bonuses while people choose between food and heat ? Yeah, no need for regulation there. Either you haven't looked around and seen how the world has turned out after 40 of trickle down economics or you are an ideologue who doesn't care. The end result is the same - You obviously are out of touch with reality. Go read Peter Turchin's latest book and learn something.

[@kalebdaark100]

This guy has had a long and personally successful career and seems to be still employed Cardiff University in spite of a track record of failure. It's a curious world.

[@MrMogwali1]

They probably employed him out of pity. Otherwise he'd be on some pavement shouting at the traffic

[@kalebdaark100]

@@MrMogwali1 Nice work if you can get it

[@namonamo494]

there must be a paper at his class door "take everything in there as the opposite of what to do/how to count stuff/plan stuff" then it become the best teacher ever in economy ;)

[@robertbose990]

Mental note - Don't let anyone you know go to Cardiff to read Economics.

[@G_C340]

I keep looking for the white lines on the desk, what was he on?