UK in 2030: older, more unequal and blighted by Brexit, report predicts

[jpinx]

3 minutes ago, chiang mai said:

 

QED = quod erat demonstrandum" ("that which was to be demonstrated"), a notation which is often placed at the end of a mathematical proof to indicate its completion but is also used to prove an answer, in this case the posters failure to understand satire and sarcasm.

haha!!  :D:D  you bit

[Grouse]

7 hours ago, George FmplesdaCosteedback said:

Oh dear, you seem a trifle upset diddums....

Didn't you like a dose of the truth?

Nothing made up, check the facts.

You have no argument, just a few figures that mean very little over a short time scale. Wow 0.9% increase in inflation, disaster!

If you live on a knife edge that is your business.

Maybe you should go and teach English in Spain... Oh, sorry your English (or typing) isn't very good. How about selling houses in Romania? Maybe

Investments in Italy, Greece or Lithuania?

Yes, you can have a last word if you want but you know Chiang Mai is the losers city to retire to. Cheap and crap.

And I don't live in Pattaya, and never would.

 

 

Pretty unpleasant response.

 

GBP is down about 18% against THB over 12 months depending on exact dates and which data source. What is your point?

[chiang mai]

4 minutes ago, Grouse said:

 

Pretty unpleasant response.

 

GBP is down about 18% against THB over 12 months depending on exact dates and which data source. What is your point?

 

All the best for the New Year Grouse.

[Grouse]

24 minutes ago, chiang mai said:

 

All the best for the New Year Grouse.

 

That's very civil of you!

 

I'm well stocked with Famous Grouse!

 

I hope 2017 is better for all of us ?

 

Cheers!

[WhamBam]

Oh, an article from the Guardian, no need to read it, it is obvious what it will be about.

[7by7]

12 hours ago, Laughing Gravy said:

I see that a bottle of Leo has gone up 1 Baht. That must be because of Brexit also. Have you notice anything that is negative is caused by Brexit even things that were predicted before the referendum. Anything positive is short term and will be gone due to Brexit.

 

The whole farcical nonsense is becoming childish and showing just how destitute some papers and organisations are. Anyone with an ounce of intelligence just ignores it.

 

Anyone with an ounce of intelligence knows that you cannot judge the full effects of Brexit on what has happened, good and bad, over the last 6 months.

 

There have been multitudinous forecasts from multitudinous sources saying a multitude of things; but they are all just that; forecasts. It will take several years before the actual real results can be seen and measured with anything approaching accuracy.

 

A lot depends upon what agreement the UK comes to with the EU over trade.

[jpinx]

10 minutes ago, 7by7 said:

 

Anyone with an ounce of intelligence knows that you cannot judge the full effects of Brexit on what has happened, good and bad, over the last 6 months.

 

There have been multitudinous forecasts from multitudinous sources saying a multitude of things; but they are all just that; forecasts. It will take several years before the actual real results can be seen and measured with anything approaching accuracy.

 

A lot depends upon what agreement the UK comes to with the EU over trade.

Indeed !!  Too many opinions based on personal agendas are being bandied around as "facts".   The only way forward now is to support the process currently in hand and make the most useful suggestions possible for those people who actually can do something useful.

[sungod]

2 hours ago, chiang mai said:

 

QED = quod erat demonstrandum" ("that which was to be demonstrated"), a notation which is often placed at the end of a mathematical proof to indicate its completion but is also used to prove an answer, in this case the posters failure to understand satire and sarcasm.

I was hoping in your case it was 'completion', but now understand it as 'patronizing'.

[chiang mai]

16 minutes ago, sungod said:

I was hoping in your case it was 'completion', but now understand it as 'patronizing'.

 

 

Edited December 30, 2016 by chiang mai

[sungod]

21 minutes ago, chiang mai said:

 

 

Nice edit bud, little touchy aren't  we? Too much of the local sauce? 

[Scott]

Off-topic posts removed. 

[F4UCorsair]

23 hours ago, dunroaming said:

There is no poker game.  There is no plan and there never was one.  That is the problem.  You have a Prime Minister who blurts out Brexit means Brexit when she doesn't know what that means.  Davis is admitting that we will probably have to still pay into the EU and Fox is saying that we may have to accept the free movement of people if we get a trade deal.  Tell me how that relates to your game of poker?

 

Is it any wonder that the MP's want a voice when the clowns don't know which way to jump next?  It is not about reversing Brexit but just getting the most out of it. Nobody trusts Davis, Fox and the team to negotiate a good deal, that's a given

 

 

The PM's only other choice was to say we'll have another vote, and that's a violation of the democracy.  The result of the vote was to leave the EU, but it seems the left of politics didn't want to accept that, so they raised hell and demanded another vote.   Imagine the precedent that would set; after the next general election, the losers demand another election.   Where does it stop??

 

 

Regardless of whether she knew the implications of leaving the EU or not, that is what the people voted for, and that is the result that must be worked with, and just a minor point, but it was a majority who voted to leave..

[onthesoi]

On 29/12/2016 at 8:37 PM, dunroaming said:

 It would help to settle the nerves if the government could actually come up with a plan rather than just keep flip flopping and bickering amongst themselves!

What kind of plan could the government come up with? 

 

The UK was already in a hole before the Brexit vote, after the Brexit vote it was taken from that hole and dropped down a mine shaft.

Edited December 30, 2016 by onthesoi

[Khun Han]

1 hour ago, onthesoi said:

What kind of plan could the government come up with? 

 

The UK was already in a hole before the Brexit vote, after the Brexit vote it was taken from that hole and dropped down a mine shaft.

 

Except that the UK hasn't been dropped down a mine shaft. The UK is doing just fine.

 

The shrill, hysterical, negative misinformation from remainers became boring and old long ago.

 

Wait for the cherry picking of odds and ends of statistical data and a few forecasts from discredited 'experts' to be re-introduced to the debate yet again .

[jaidam]

2 hours ago, F4UCorsair said:

 

 

The PM's only other choice was to say we'll have another vote, and that's a violation of the democracy.  The result of the vote was to leave the EU, but it seems the left of politics didn't want to accept that, so they raised hell and demanded another vote.   Imagine the precedent that would set; after the next general election, the losers demand another election.   Where does it stop??

 

 

Regardless of whether she knew the implications of leaving the EU or not, that is what the people voted for, and that is the result that must be worked with, and just a minor point, but it was a majority who voted to leave..

Oh no, it's far too late for that. All future elections and referendums will be 99.9% meaningless thanks to the left setting a precedent both in the UK and the US for spitting the dummy and demanding another vote when things didn't go their way. This was well warned about at the time, for them to consider how they would like it when their candidate wins and the opposition carry on like, oh they didn't understand what they were voting for, or oh there was so much propaganda they voted the wrong way we must educate them first...etc etc

 and yet here we are six months later and the same monotonous beat is being thumped, oh we need another vote, more court cases, more education to stop Brexit. You will never stop Brexit, but you have certainly stopped civil democratic process. 

[SheungWan]

16 hours ago, pitrevie said:

 

I don't have to go as far as the EU I just look at our own second chamber consisting entirely of the un-elected and until Blair came along and pushed the reforms only there due to an accident of birth or appointed for services rendered to some party or other. (I assume you don't approve of the Lords since you appear such a strong advocate of democracy) I don't have to go as far as the EU to look at corruption which is going to be part of whatever system you have but our own un-elected Lords let alone MPs have had their fair share of corruption. one of them now leads UKIP in Wales.

 

There seems to be a party line from the Hard Brexiteers to focus solely on the Lords and ignore totally the House of Commons which for the moment has been 'disappeared' into the too hot to handle category. Anyway still endless amusement from those banging on about democracy while relying totally on Royal Prerogative to advance their position.

[onthesoi]

1 hour ago, Khun Han said:

 

Except that the UK hasn't been dropped down a mine shaft. The UK is doing just fine.

 

 

If the UK is doing just fine then we don't need to submit article 50 , if its not broke don't fix it right?

 

Once again, you seem to have shot yourself in the foot there Khun Han....

Edited December 31, 2016 by onthesoi

[the guest]

The British are famous for moaning, but equally for doing nothing!

[Grouse]

7 hours ago, Khun Han said:

 

Except that the UK hasn't been dropped down a mine shaft. The UK is doing just fine.

 

The shrill, hysterical, negative misinformation from remainers became boring and old long ago.

 

Wait for the cherry picking of odds and ends of statistical data and a few forecasts from discredited 'experts' to be re-introduced to the debate yet again .

If you have a sale with18% off everything, you will do well. For a while ?

[Grouse]

5 hours ago, the guest said:

The British are famous for moaning, but equally for doing nothing!

 

We used to be famous for intelligence, wisdom, statesmanship and fairness! Is there honey still for tea? ?

Edited December 31, 2016 by Grouse

[Khun Han]

6 hours ago, onthesoi said:

 

If the UK is doing just fine then we don't need to submit article 50 , if its not broke don't fix it right?

 

Once again, you seem to have shot yourself in the foot there Khun Han....

 

What on earth are you going on about? The EU is broken. It's broken beyond repair.

[Khun Han]

31 minutes ago, Grouse said:

If you have a sale with18% off everything, you will do well. For a while ?

 

I'm sure that must explain the current positive economic situation with regard to businesses operating within the UK. Not.

[jpinx]

7 hours ago, SheungWan said:

 

There seems to be a party line from the Hard Brexiteers to focus solely on the Lords and ignore totally the House of Commons which for the moment has been 'disappeared' into the too hot to handle category. Anyway still endless amusement from those banging on about democracy while relying totally on Royal Prerogative to advance their position.

Maybe the hard remainers have a perception that there are *only* hardline brexiters, but the reality is that most of the Brexiters in here, and everywhere else, are favouring a soft exit.  Take time and get it right, get the best deal.  Cherry-picking one or 2 posters with somewhat extreme views does no service in reaching a compromise.

[Grouse]

1 hour ago, Khun Han said:

 

I'm sure that must explain the current positive economic situation with regard to businesses operating within the UK. Not.

 

It goes a long way to explain the inward investment

 

FTSE 100 is down 5% over the year when valued in USD

 

No wonder tourists are flooding in with such discounts 

 

I applaud your confidence and I hope for the best.

[Khun Han]

1 hour ago, Grouse said:

 

It goes a long way to explain the inward investment

 

FTSE 100 is down 5% over the year when valued in USD

 

No wonder tourists are flooding in with such discounts 

 

I applaud your confidence and I hope for the best.

 

FTSE 100 is down 5% over the year when valued in USD

 

Or: "How to be creative with statistics".

 

The FTSE has hit record highs since the brexit referendum.

[7by7]

27 minutes ago, Khun Han said:

 

FTSE 100 is down 5% over the year when valued in USD

 

Or: "How to be creative with statistics".

 

The FTSE has hit record highs since the brexit referendum.

 

Why the FTSE 100 reaching record high despite Brexit is not necessarily good news

Quote

Part of the answer is that the decent growth of the FTSE 100 is itself a simple currency effect. 

The pound is currently down about 10 per cent against the euro since the EU referendum in June, and is 17 per cent weaker against the US dollar.......

 

Furthermore, to get a better indication of the UK economy, it is helpful to look at the FTSE 250, or the 250 biggest companies in the UK, which is more dependent on the UK economy than the multinational companies represented in the FTSE 100.

The FTSE 250 fell 13 per cent in two days after the vote came in. It has recovered a little since then, but not on the scale of the FTSE 100. ........

 

Meanwhile, the FTSE Local UK index, which includes companies that generate more than 70 per cent of their revenues domestically, fell 7 per cent.

 

Which is pretty much the same as what was being said in October: Brexit: pound hits 31-year low, FTSE nears record high

Quote

'But it should be remembered that the main reason shares are rising today is the remarkable slide in the pound to its lowest level since 1985.

 

Brexit is not, of course, the only thing which effects the index.  What next for the FTSE 100?

Quote

Questions include

• How will rising interest rates in the US affect consumers’ demand for products?
• What impact will Brexit and a Trump presidency have on global trade?
• How will the return of inflation affect company profits?
• Can FTSE 100 companies sustain their dividend payments?

The final question appears to be a particular source of concern for investors.

 

Dividend cover, which measures the ability of a company to pay dividends from cash generated by the business, has fallen dramatically since 2006.

 

A dividend cover of around two times, which means the company can cover its dividend twice over through its cash, is considered desirable. The FTSE 100 currently has a dividend cover below one.

 

Of course, current performance is no indication of future performance; as said earlier the full effects of Brexit on the UK economy will not be felt for several years yet.

[jpinx]

1 hour ago, Khun Han said:

 

FTSE 100 is down 5% over the year when valued in USD

 

Or: "How to be creative with statistics".

 

The FTSE has hit record highs since the brexit referendum.

Some people would value the various indexes in custard pies if it showed a fall in anything to do with UK.  Disloyal to the end, remainers will use every twisted contortion of the facts to support their claim, instead of turning their energy to positive suggestions of how to get the best result for the UK.

 

[Grouse]

3 hours ago, jpinx said:

Some people would value the various indexes in custard pies if it showed a fall in anything to do with UK.  Disloyal to the end, remainers will use every twisted contortion of the facts to support their claim, instead of turning their energy to positive suggestions of how to get the best result for the UK.

 

No, you're being simplistic. Clearly if the GBP is worth less, international company valuations will increase. Look at repatriated profits. If you want, use a basket of reserve currencies or, better, use The Economist Big Mac index. Sorry you don't understand this....

[Asiantravel]

I love the way people repeatedly keep coming up with these doom and gloom scenarios for the UK when the future of the EU itself doesn't look particularly that greatthe EU won't make it until 2030

 

Why the EU Is Doomed

 

Quote

All the elements for a mighty political and economic smash are now there. Whether or not it will be the trigger for, or itself be triggered by external events remains to be seen. Either way, the Eurozone’s crisis time-line now appears to be measured in months.

 

https://mises.org/blog/why-eu-doomed

 

[Khun Han]

6 hours ago, 7by7 said:

 

Why the FTSE 100 reaching record high despite Brexit is not necessarily good news

 

Which is pretty much the same as what was being said in October: Brexit: pound hits 31-year low, FTSE nears record high

 

Brexit is not, of course, the only thing which effects the index.  What next for the FTSE 100?

 

Of course, current performance is no indication of future performance; as said earlier the full effects of Brexit on the UK economy will not be felt for several years yet.

 

You need to direct this toward Grouse. He was (rather creatively) trying to argue that the FTSE has fallen. I was merely correcting him.