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

[wilcopops]

4 hours ago, nauseus said:

No it doesn't. 

So says the unicorn hunter.

[nauseus]

58 minutes ago, wilcopops said:

So says the unicorn hunter.

No I'm not.

[Laughing Gravy]

8 hours ago, wilcopops said:

After hundreds of posts on this thread I'm surprised, nay, aghast to see you don't understand what an opinion is.........

 

However heres another piece of "evidence"

 

https://www.mirror.co.uk/news/politics/brexit-nigel-farages-fury-scientists-14117420?fbclid=IwAR0ONY6QWFFue7IoeNR3rk7cUKr-DuWAA3Kl5kB4DmDC6UehsrfO0MyBfRA

So 11,225 volunteers from 35 plus million are your evidence as a justifiable scientific study with any credibility that remainers have more intelligence.

 

I was trying to find the Daily Mirror in the list of scientific journals but couldn't..  Actually reading the Daily Mirror never mind quoting it, as as justification for intellect... well what can I say.

[wilcopops]

6 minutes ago, Laughing Gravy said:

So 11,225 volunteers from 35 plus million are your evidence as a justifiable scientific study with any credibility that remainers have more intelligence.

 

I was trying to find the Daily Mirror in the list of scientific journals but couldn't..  Actually reading the Daily Mirror never mind quoting it, as as justification for intellect... well what can I say.

QED!

[Laughing Gravy]

^{From Today's time. For those that don't have a subscription. The economy is nowhere near doing as badly as some would have you believe on here.}

 

How the economy is faring

 

 

Eight graphs that sum up the state of the nation and provide the backdrop to the chancellor’s 2019 spring statement.

 

The economy faltered in 2018, posting growth of 1.4 per cent — the equal slowest pace since the 2009 recession. It ended the year badly, shrinking 0.4 per cent in December, but bounced back 0.5 per cent in January. Growth is currently creeping along at 0.2 per cent on a quarterly basis, below its trend rate. The Bank of England forecasts growth of 1.2 per cent this year, if there is a Brexit deal.

Borrowing has beaten expectations this year. In October, the Office for Budget Responsibility cut its borrowing forecast for this year by £11.6 billion to £25.5 billion and is expected to lop a few more billions off today. The strong labour market, with more jobs and improving pay especially among the well-off, as well as lower interest rates on inflation–linked government debt has helped.

Britain’s jobs miracle has shown little sign of faltering. Unemployment is at 44-year lows at 4 per cent, beneath the Bank’s estimate of the equilibrium rate, and employment has never been higher. Employers complain of skills shortages and vacancies remain at record highs. However, recent surveys suggest recruitment may be stalling.

Inflation has fallen faster than expected, due to cheaper oil and energy prices. At 1.8 per cent in January, consumer prices rose at the slowest pace since December 2016 but planned energy prices rises will lift inflation back to 2 per cent shortly. The Bank’s forecasts suggest rates need to rise just two or three times over the next three years to keep inflation at 2 per cent.

Falling unemployment has finally started to result in higher wages and nominal earnings are now growing at their fastest pace in just over a decade. That faster growth, combined with low inflation, means real wages are growing at 1.3 per cent, the strongest improvement in household living standards since the end of 2016.

Productivity is key to raising living standards as producing more with the same resource lets wages rise faster than inflation. Britain’s record since the financial crisis has been lamentable, with little recent evidence of improvement. In the year to the final quarter of 2018, productivity declined 0.2 per cent and is little changed today from 2008. One explanation has been weak investment.

There has been a notable downward shift in house price growth since the Brexit vote in June 2016. Changes to stamp duty and interest rate relief for landlords have also had an effect. The slowdown has been led by London, where prices have been falling for the bulk of the past year. Forecasters expect prices to grow more slowly than wages this year.

[nauseus]

14 minutes ago, Laughing Gravy said:

BIG SPACES  ????

 

Was this edited by Kevin Spacey's mum? 

Edited March 14, 2019 by nauseus
BIG SPACES

[Laughing Gravy]

1 minute ago, nauseus said:

Was this edited by Kevin Spacey's mum? 

LOL. I was trying to edit it when I saw the graphs didn't load. Anyway I believe an interesting read from the very pro reamain, Times newspaper.

[nauseus]

3 minutes ago, Laughing Gravy said:

LOL. I was trying to edit it when I saw the graphs didn't load. Anyway I believe an interesting read from the very pro reamain, Times newspaper.

Thanks! But the remainers will start reading between the lines! 

[samran]

4 hours ago, wilcopops said:

See what happens to costs if they decide to drive into Europe, or try and work there or buy a property...

Imagine sitting in a bar or restaurant what the other Europeans will be saying or thinking about them.

It'll be so embarrassing. A second rate person from a second rate country.

Yeah but it will all be done while clutching their precious blue passports while singing ‘Jerusalem’ at the top of their lungs.

 

How glorious it will be!

[malagateddy]

Dear oh dear..imagine giving a toss bout what eg..some bulgarian or estonian thinks bout you.

See what happens to costs if they decide to drive into Europe, or try and work there or buy a property...
Imagine sitting in a bar or restaurant what the other Europeans will be saying or thinking about them.
It'll be so embarrassing. A second rate person from a second rate country.

Sent from my SM-G7102 using Thailand Forum - Thaivisa mobile app

[samran]

1 hour ago, Laughing Gravy said:

^{From Today's time. For those that don't have a subscription. The economy is nowhere near doing as badly as some would have you believe on here.}

 

How the economy is faring

 

 

Eight graphs that sum up the state of the nation and provide the backdrop to the chancellor’s 2019 spring statement.

 

The economy faltered in 2018, posting growth of 1.4 per cent — the equal slowest pace since the 2009 recession. It ended the year badly, shrinking 0.4 per cent in December, but bounced back 0.5 per cent in January. Growth is currently creeping along at 0.2 per cent on a quarterly basis, below its trend rate. The Bank of England forecasts growth of 1.2 per cent this year, if there is a Brexit deal.

Borrowing has beaten expectations this year. In October, the Office for Budget Responsibility cut its borrowing forecast for this year by £11.6 billion to £25.5 billion and is expected to lop a few more billions off today. The strong labour market, with more jobs and improving pay especially among the well-off, as well as lower interest rates on inflation–linked government debt has helped.

Britain’s jobs miracle has shown little sign of faltering. Unemployment is at 44-year lows at 4 per cent, beneath the Bank’s estimate of the equilibrium rate, and employment has never been higher. Employers complain of skills shortages and vacancies remain at record highs. However, recent surveys suggest recruitment may be stalling.

Inflation has fallen faster than expected, due to cheaper oil and energy prices. At 1.8 per cent in January, consumer prices rose at the slowest pace since December 2016 but planned energy prices rises will lift inflation back to 2 per cent shortly. The Bank’s forecasts suggest rates need to rise just two or three times over the next three years to keep inflation at 2 per cent.

Falling unemployment has finally started to result in higher wages and nominal earnings are now growing at their fastest pace in just over a decade. That faster growth, combined with low inflation, means real wages are growing at 1.3 per cent, the strongest improvement in household living standards since the end of 2016.

Productivity is key to raising living standards as producing more with the same resource lets wages rise faster than inflation. Britain’s record since the financial crisis has been lamentable, with little recent evidence of improvement. In the year to the final quarter of 2018, productivity declined 0.2 per cent and is little changed today from 2008. One explanation has been weak investment.

There has been a notable downward shift in house price growth since the Brexit vote in June 2016. Changes to stamp duty and interest rate relief for landlords have also had an effect. The slowdown has been led by London, where prices have been falling for the bulk of the past year. Forecasters expect prices to grow more slowly than wages this year.

Um....

 

So falling house prices, tepid productivity growth, a 1.3% rise in real wages (break out the champagne!!), threat of interest rate rises due to inflationary pressurs + sluggish economic growth (in other words stagflation, something not seen since the 70’s) and employers who can’t hire cause their ability to access 400m workers has been chopped off.

 

This is real back to the future stuff. No wonder you think this is great. 

[Laughing Gravy]

1 minute ago, samran said:

This is real back to the future stuff. No wonder you think this is great. 

I didn't say it was great but not as bad as many remainers like you here keep stating with your 'doomsday preppers' mentality.

 

How on earth do others countries survive not being in the EU!

[sandyf]

20 hours ago, Krataiboy said:

I agree that disenchantment with our political system and politicians were in the minds of Leave voters when they went to the polls. However, I suspect the same can be said of millions who voted Remain.

Jumping to conclusions, show me where there was a differentiation. Discontent is global not a brexit issue, the vote was merely an opportunity to express the discontent. Unfortunately austerity had been portrayed as being the result of too many "foreigners" draining the resources etc etc, rather than inadequate government funding. Very easy to just blame the EU.

Don't you think that with so much money being spent by the government that some may have woken up to reality. The real fear behind another vote, Theresa May has no problem asking the same question again and again.

[sandyf]

Theresa May lost the court case over Art 50

Theresa May lost her majority in parliament

Theresa may lost the Chequers deal.

Theresa May lost 2 votes on her deal

Theresa May lost about 20 government officials over brexit.

 

If this is what an elected bureaucrat looks like, wouldn't we be better off with the supposedly unelected.

[samran]

16 minutes ago, Laughing Gravy said:

I didn't say it was great but not as bad as many remainers like you here keep stating with your 'doomsday preppers' mentality.

 

How on earth do others countries survive not being in the EU!

No, this is one very delicate economy at the moment which doesn’t really need too many other shocks. 

 

And it is a global thing. 

Edited March 14, 2019 by samran

[sandyf]

21 minutes ago, Laughing Gravy said:

How on earth do others countries survive not being in the EU!

And how many of those 170 or so countries are above the UK in GDP/capita.

You really think that the UK can become like places such as Macau, Qatar, Singapore etc.

 

I would suspect that many are looking for a bit more than just surviving, wasn't it austerity that got us in this mess in the first place.

[malagateddy]

Do you forget the financial shambles likes of blair and brown left the country in??

And how many of those 170 or so countries are above the UK in GDP/capita.
You really think that the UK can become like places such as Macau, Qatar, Singapore etc.
 
I would suspect that many are looking for a bit more than just surviving, wasn't it austerity that got us in this mess in the first place.

Sent from my SM-G7102 using Thailand Forum - Thaivisa mobile app

[sandyf]

Why not ask again.

 

Brexit latest: Theresa May launches bid for third ‘meaningful’ vote that would delay EU departure until June

https://www.independent.co.uk/news/uk/politics/brexit-latest-news-vote-result-article-50-delay-theresa-may-no-deal-a8821961.html

 

 

[Laughing Gravy]

6 minutes ago, sandyf said:

You really think that the UK can become like places such as Macau, Qatar, Singapore etc.

No better.

 

6 minutes ago, sandyf said:

And how many of those 170 or so countries are above the UK in GDP/capita.

https://www.cia.gov/library/publications/the-world-factbook/rankorder/2004rank.html

 

 

[sandyf]

3 minutes ago, malagateddy said:

Do you forget the financial shambles likes of blair and brown left the country in??

 

Sent from my SM-G7102 using Thailand Forum - Thaivisa mobile app
 

 

Do not use my post to make irrelevant comment.

[nauseus]

10 minutes ago, sandyf said:

And how many of those 170 or so countries are above the UK in GDP/capita.

You really think that the UK can become like places such as Macau, Qatar, Singapore etc.

 

I would suspect that many are looking for a bit more than just surviving, wasn't it austerity that got us in this mess in the first place.

No.

[malagateddy]

Which previous labour govt spent money recklessly?? Iraq war..opened floodgates re immigration etc etc..
There are 2 kinds of debt...managable and unsustainable!!


Sent from my SM-G7102 using Thailand Forum - Thaivisa mobile app

[sandyf]

3 minutes ago, Laughing Gravy said:

No better.

How do you work that one out,

Macau is a semi autonomous region, is that what you want?

Qatar is oil rich, what happened to the UK oil?

Singapore is about the most expensive place in the world, you think that is what people want?

 

https://www.cia.gov/library/publications/the-world-factbook/rankorder/2004rank.html

Couldn't you just post the number of non EU countries above the UK GDP/capita.

3 minutes ago, Laughing Gravy said:

 

 

 

[wilcopops]

1 hour ago, malagateddy said:

Dear oh dear..imagine giving a toss bout what eg..some bulgarian or estonian thinks bout you.

 

Sent from my SM-G7102 using Thailand Forum - Thaivisa mobile app
 

 

Just the kind if racist attitude that spawns the likes of Brexit

Edited March 14, 2019 by wilcopops

[malagateddy]

Your opinion and you're quite entitled to have it..JUST AS I AM ENTITLED TO HAVE MINE

Just the kind if racist attitude that spawns the likes of Brexit

Sent from my SM-G7102 using Thailand Forum - Thaivisa mobile app

[wilcopops]

12 minutes ago, Laughing Gravy said:

No better.

Interesting comment - Brexiteer leaves out punctuation and the meaning is very ironic

[Laughing Gravy]

11 minutes ago, sandyf said:

Couldn't you just post the number of non EU countries above the UK GDP/capita.

 

Can't you see yourself Sandy. I am working and multi tasking at the same time. ????  There are a few. I was also putting the whole list for those who are interested.

[Chomper Higgot]

All this is now rather academic.

 

 

[Laughing Gravy]

8 minutes ago, wilcopops said:

Interesting comment - Brexiteer leaves out punctuation and the meaning is very ironic

Oh dear are you hounding me. Luckily the grammar police are not allowed in here. As for sarcasm.

[Chomper Higgot]

15 minutes ago, wilcopops said:

Interesting comment - Brexiteer leaves out punctuation and the meaning is very ironic

I don’t think it was a punctuation error.

 

Simply a bit of reality breaking through all the layers of denial.