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Extreme Brexit could be worse than financial crisis for UK: BoE


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Posted
3 hours ago, tebee said:

Again this isn't the full story. Firstly it was based on forecasts by the office of budget responsibility who are invariably wrong as there are too many moving parts at any one time to make a sound estimate. Secondly they themselves said over half of this is due to inflation

 

" real household disposable income was £1,500 a year lower than the Office for Budget Responsibility’s pre-referendum forecast – with over half of this income hit due to higher than forecast inflation. "

 

  • Like 1
Posted
14 minutes ago, CG1 Blue said:

And for the countries that have a huge export market in the UK (e.g. Germany, France, Italy) - you don't think they would want to continue tariff free trading with the UK? 

For the products which suit them, of course. But comprehensive? No way. 

 

And they’ll cut a deal which suits them more than it suits you, cause they can. 

 

Your trade negotiators are going to quickly learn which British industries and regions they can help, and which they’ll have to throw under the bus in their talks it’s the EU. Lots of trade offs, none of them particularly pleasant. 

Posted
2 hours ago, melvinmelvin said:

approaching Bleak House .. . .

 

 

I was thinking of Great Expectations ... or was it Great Manipulations....  Batman.

  • Like 1
  • Haha 1
Posted
2 hours ago, nauseus said:

From a Dickens novel perhaps?

most working people will of took 3-6 foreign holidays since brexit,lets say about 5-8 weeks in total,spending at £700 per week means an extra £75-90 per week,then add on inflation that went up due to £ dropping and your well over half way to £1500,less overtime/investment around due to uncertainty and its a fair estimate. Wont affect the benefit scroungers though.

Posted
1 hour ago, tebee said:

It doesn't

 

We need to be in the customs union and single market to solve the Irish border.  

Well perhaps they will bring up the SM once the CU has been smudged.

Posted
9 minutes ago, samran said:

For the products which suit them, of course. But comprehensive? No way. 

 

And they’ll cut a deal which suits them more than it suits you, cause they can. 

 

Your trade negotiators are going to quickly learn which British industries and regions they can help, and which they’ll have to throw under the bus in their talks it’s the EU. Lots of trade offs, none of them particularly pleasant. 

I don't share your pessimism, but let's agree to disagree on this point 

  • Like 2
Posted
16 minutes ago, Chelseafan said:

Again this isn't the full story. Firstly it was based on forecasts by the office of budget responsibility who are invariably wrong as there are too many moving parts at any one time to make a sound estimate. Secondly they themselves said over half of this is due to inflation

 

" real household disposable income was £1,500 a year lower than the Office for Budget Responsibility’s pre-referendum forecast – with over half of this income hit due to higher than forecast inflation. "

 

 

UK economic growth slowest since 2012 - BBC News.html

Posted
1 hour ago, Grouse said:

But you know that's not true.

 

I won't push it, I've made my point...

If I thought it to be untrue then I wouldn't have said it.

Posted
14 minutes ago, bomber said:

most working people will of took 3-6 foreign holidays since brexit,lets say about 5-8 weeks in total,spending at £700 per week means an extra £75-90 per week,then add on inflation that went up due to £ dropping and your well over half way to £1500,less overtime/investment around due to uncertainty and its a fair estimate. Wont affect the benefit scroungers though.

Maybe it was A Christmas Carol?

Posted
5 minutes ago, nauseus said:

Maybe it was A Christmas Carol?

Its a fair estimation...the working man loses out as usual.druggies.. alcoholic and scroungers are exempt

Posted
27 minutes ago, nauseus said:

Ok believe him then, see if I care! ????

At least the man had some logical arguments; I like that ????

Posted
1 hour ago, melvinmelvin said:

 

whatever pleases you Grouse, please be my guest

 

jeezz, TVF ain't no bad tool for making enemies

 

You're no enemy!

 

I had previously thought that you had a genuine interest that's all. ????

Posted
On 2/6/2019 at 10:09 PM, CG1 Blue said:

The Euro kicks the (*) out of the pound, and that's why the Euro is great? Ok, if that's what you think let's leave it there. 

 

Actually, the pound is doing ok as was over valued before Brexit cote,hurting exports.

 

German ecconomy most likely to be in recession last quarter, but not released official figures yet. Eurozone slowing fast and UK growth good. Likely UK growth will stay positive and EU will go negative.

 

Italy trying to do a Brexit deal currently as if we leave and buy our produce from non EU countries their ecconomy will be in further trouble.

 

 

news-latest-no-deal-brexit-italy-trade-deal

 

  • Like 2
Posted
11 minutes ago, dick dasterdly said:

Really?

 

You genuinely believe "most working people will of took 3-6 foreign holidays since brexit"?

 

IMO most working people take one, or at best, two foreign holidays a year - unless they're relatively wealthy - and have the luxury of enjoying school holidays.

read again,i stated 3-6 since holidays since brexit,brexit was over 2.5 years ago,so thats 1-2 per year. duh

Posted
15 minutes ago, Patriot1066 said:

Actually, the pound is doing ok as was over valued before Brexit cote,hurting exports.

 

German ecconomy most likely to be in recession last quarter, but not released official figures yet. Eurozone slowing fast and UK growth good. Likely UK growth will stay positive and EU will go negative.

 

Italy trying to do a Brexit deal currently as if we leave and buy our produce from non EU countries their ecconomy will be in further trouble.

 

 

news-latest-no-deal-brexit-italy-trade-deal

 

the pound was not over valued at all before brexit and it was not hurting exports,the economy was going just fine and rates were due to rise to stop the economy over heating,brexit stopped that happening.a deal will be done,corbyn wont want to take over a country on its knee's and in recession,he wants that honour

Posted
1 hour ago, dick dasterdly said:

Grouse was just pissed (or very ill) at the time of his post.

 

There's no way he will miss your mostly remain posts.

right DD, thanks, so I come across as mostly a remainer?

hmmm  intriguing

 

I'll sleep on that one - maybe I have smth sensible to say tomorrow,

don't hold your breath

 

fan dii

 

 

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Posted
30 minutes ago, CG1 Blue said:

So the UK is still seeing growth, while the Eurozone is heading into recession and there's a severe slow down in China / global growth. And this is all while there is uncertainty over Brexit.

 

This shows just how resilient the UK economy is. Thanks for posting. 

 

Growth in £  terms wich is now worth 15% less than it was 3 years ago ...

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