FabSwingers.com forum: Starting to fall apart

By *LCC OP Couple
over a year ago

Cambridge

Less than a month since the referendum and its already starting to unravel.

First there was the £350m for the NHS promise which was abandoned in minutes.

Immigration was also key, many people voted to bring it down, but like actually now the Leave campaigners are saying that they were just going to "control" it. Whether they control it up or down, we will just have to wait and see. Amber Rudd and BoJo wont say that they will stick to the 100,000 immigration target, even though that was in their manifesto.

The EU has spoken with a single voice and signed a declaration that we will have to accept all 4 freedoms if we want to access the single market. Unlike Britain, the EU belives in solidarity, so don't believe that they are going to fold.

The pound has crashed which the NFU say will increase food prices as 60% of our food is imported. Holidays will be more expensive so will everyday goods such as clothing and electrical items.

We have seen a massive rise in hate crimes including physical attacks. Not a nice side of Britain at all.

Share prices in major house builders like barratts and persimmons have fallen by 30%

The IMF have down rated our predicted growth, and the ratings agencies have down graded our credit rating making it more expensive for the government to borrow money. That wouldn't matter so much if the government had stuck to their manifesto pledge of eliminating the deficit, but in light of new economic conditions since the referendum, they have had to abandon that pledge.

University and scientific research has already been hit with funding being withdrawn and collaboration across the EU slamming to a halt. The President of the Royal Society has said that the future prosperity of the nation is at stake.

Concerns about damage to intergovernmental work to address important issues such as climate change were dismissed by some before the referendum, yet within a day of the new PM, the Department of Energy and Climate Change was scrapped.

So let's wait and see what the next month brings.

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By *ELLONS AND CREAMWoman
over a year ago

stourbridge area

Happy days ..

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By (user no longer on site)
over a year ago

Yawn. You're just making yourself look rather sad and silly now

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By (user no longer on site)
over a year ago

"Less than a month since the referendum and its already starting to unravel.

First there was the £350m for the NHS promise which was abandoned in minutes.

The pound has crashed which the NFU say will increase food prices as 60% of our food is imported. Holidays will be more expensive so will everyday goods such as clothing and electrical items.

We have seen a massive rise in hate crimes including physical attacks. Not a nice side of Britain at all.

Share prices in major house builders like barratts and persimmons have fallen by 30%

So let's wait and see what the next month brings.

Booooooooooooring.

Whoops, I forgot I am ignoring you and your xenophobic ways.

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By (user no longer on site)
over a year ago

"Yawn. You're just making yourself look rather sad and silly now

What do you mean 'now' ?

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By (user no longer on site)
over a year ago

"Yawn. You're just making yourself look rather sad and silly now

What do you mean 'now' ?

trying to be kind

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By (user no longer on site)
over a year ago

As soon as a major shift in a countries position is decided the vultures and the money makers pounce to make a killing, it all boils down to very powerful, influential people making money out of a situation. Speculators sorry traders make deals on changing currency values and commodities and money flows into their pockets and out of ours, it is called capitalism.

It has happened before and it will happen again and not a lot we can do about it, even governments are powerless when the money men act as history shows fortunes are made when a market place change is seen.

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By (user no longer on site)
over a year ago

I can still get kronenberg.... So it's not all bad

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By *igsteve43Man
over a year ago

derby

Clcc you are so full of shit and doom and gloom your house must be a very depressing place

First not once did anybody from the official leave campaign promise 350m a week to the NHS they said it was an option

Second the pound has not crashed just fallen slightly and against most currency still higher than under Gordon Brown

And third because doom and gloom merchants like you are spending less the high street retailers wii more likely end up having longer and bigger sales

As for growth there is a worldwide slowdown not just us and that is down to bigger geopolitical reasons than us voting to leave the eu

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By *otlovefun42Couple
over a year ago

Costa Blanca Spain...

"Less than a month since the referendum and its already starting to unravel.

First there was the £350m for the NHS promise which was abandoned in minutes."

As said above it was only ever an option.

"Immigration was also key, many people voted to bring it down, but like actually now the Leave campaigners are saying that they were just going to "control" it. Whether they control it up or down, we will just have to wait and see. Amber Rudd and BoJo wont say that they will stick to the 100,000 immigration target, even though that was in their manifesto."

I think you will find that the "tens of thousands" promise was in Cameron's manifesto and many in the Tory party disagreed with it being in there. Also vote leave always used the word "control" and control will eventually reduce.

"The EU has spoken with a single voice and signed a declaration that we will have to accept all 4 freedoms if we want to access the single market. Unlike Britain, the EU belives in solidarity, so don't believe that they are going to fold."

Apart from a bit of huffing and puffing from Juncker and Schulz (who are now being rapidly sidelined BTW) The EU has said bugger all. Merkel, Hollande, and Renzi are having a meeting next month (without the EU) to discuss Brexit. There will be little, if anything, said before then.

"The pound has crashed which the NFU say will increase food prices as 60% of our food is imported. Holidays will be more expensive so will everyday goods such as clothing and electrical items."

The pound has dipped a bit but is still higher than when Brown was in charge, and I think British exporters will be delighted.

"We have seen a massive rise in hate crimes including physical attacks. Not a nice side of Britain at all."

Sadly that is true everywhere at the moment. You only have to look at recent events in France and Germany to see it has little to do with Brexit.

"Share prices in major house builders like barratts and persimmons have fallen by 30% "

But the footsie is higher than before the referendum was called.

"The IMF have down rated our predicted growth, and the ratings agencies have down graded our credit rating making it more expensive for the government to borrow money. That wouldn't matter so much if the government had stuck to their manifesto pledge of eliminating the deficit, but in light of new economic conditions since the referendum, they have had to abandon that pledge."

But that is only half the story. Yes the latest IMF forecast has downgraded Britain's growth forecast but it is still in front of Germany, France, and most other EU countries. Also wasn't it the IMF who only a few weeks ago were forecasting a catastrophic recession if Britain voted for Brexit?

They soon changed their tune. LOL

"University and scientific research has already been hit with funding being withdrawn and collaboration across the EU slamming to a halt. The President of the Royal Society has said that the future prosperity of the nation is at stake."

Not my subject but seeing as you've got it wrong on everything else, it is safe to assume you have on this as well.

"Concerns about damage to intergovernmental work to address important issues such as climate change were dismissed by some before the referendum, yet within a day of the new PM, the Department of Energy and Climate Change was scrapped."

Oh yes the Don Quixote ministry. Too bloody busy tilting at useless windmills instead of thinking about keeping the lights on. Should have been sent to the knackers yard years ago.

"So let's wait and see what the next month brings.

Can't wait.

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By *entaur_UKMan
over a year ago

Cannock

I'm wondering if the title of the thread "Starting to fall apart" is referring to the OP's sanity?

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By *tillup4funMan
over a year ago

Wakefield

"I'm wondering if the title of the thread "Starting to fall apart" is referring to the OP's sanity?

Certainly looks that's way

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By (user no longer on site)
over a year ago

"Less than a month since the referendum and its already starting to unravel.

First there was the £350m for the NHS promise which was abandoned in minutes.

The pound has crashed which the NFU say will increase food prices as 60% of our food is imported. Holidays will be more expensive so will everyday goods such as clothing and electrical items.

We have seen a massive rise in hate crimes including physical attacks. Not a nice side of Britain at all.

Share prices in major house builders like barratts and persimmons have fallen by 30%

So let's wait and see what the next month brings.

Re you point on immigration.

The Prime Minister said quite clearly today at PMQs that she intended to get control over freedom of movement in the negotiations as she recognised the clear message on this from those who voted leave in the referendum. She also confirmed the Tory pledge to reduce numbers to tens of thousands was her intention, albeit that it would take time.

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By *mmabluTV/TS
over a year ago

upton wirral

The IMF admit they got it wrong about Brexit and we will still be one of the best economies in the world,growth higher than the Eurozone so get a grip

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By (user no longer on site)
over a year ago

I really don't understand what you guys are quarrelling over.

Firstly we aren't out of the EU yet and secondly, the true effects, good or bad, won't be felt for months or years yet.

It's like seeing a picture of a big toe and deciding on that basis that you're going to marry the person it's attached to.

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By *eMontresMan
over a year ago

Halesowen

But don't you know the new rules?

Anything bad/unusual/anomalous/unsettling from now on, is because of brexit.

Anything good/uplifting/positive is because we're still actually in the EU.

Do try and keep up

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By (user no longer on site)
over a year ago

"But don't you know the new rules?

Anything bad/unusual/anomalous/unsettling from now on, is because of brexit.

Anything good/uplifting/positive is because we're still actually in the EU.

Do try and keep up

Yes it seems so!

In the meantime, I'll carry on living my life and look forward to the future, whatever it brings. Probably a mix of great and not so great things x

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By (user no longer on site)
over a year ago

"But don't you know the new rules?

Anything bad/unusual/anomalous/unsettling from now on, is because of brexit.

Anything good/uplifting/positive is because we're still actually in the EU.

Do try and keep up

And vice versa depending who you talk to!

What is missing from both sides is a sense of perspective and the ability to admit that there are pros and cons for leaving and pros and cons for staying.

The above is an example of the inability of some people to have a rational debate or conversation.

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By *horehouseCouple
over a year ago

dissatisfied

"Yawn. You're just making yourself look rather sad and silly now

Really thought it was informative post ..at least je didn't stoop to being personally insulting unlike some on here

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By (user no longer on site)
over a year ago

"Yawn. You're just making yourself look rather sad and silly now

Really thought it was informative post ..at least je didn't stoop to being personally insulting unlike some on here "

You've finally realised you do that all the time. I wondered how long it would take you

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By *horehouseCouple
over a year ago

dissatisfied

"Yawn. You're just making yourself look rather sad and silly now

Really thought it was informative post ..at least je didn't stoop to being personally insulting unlike some on here

You've finally realised you do that all the time. I wondered how long it would take you

See your post haven't risen from the gutter yet ..

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By (user no longer on site)
over a year ago

"Yawn. You're just making yourself look rather sad and silly now

Really thought it was informative post ..at least je didn't stoop to being personally insulting unlike some on here

You've finally realised you do that all the time. I wondered how long it would take you

See your post haven't risen from the gutter yet .."

Thamk you for proving my point

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By (user no longer on site)
over a year ago

Not to mention the multinational companies and EU organisations which are relocating from London to other European cities, taking with them tens of thousands of jobs. Little Britain, the land of opportunity? It seems not.....

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By (user no longer on site)
over a year ago

"Not to mention the multinational companies and EU organisations which are relocating from London to other European cities, taking with them tens of thousands of jobs. Little Britain, the land of opportunity? It seems not....."

I know you said not to mention it....but, who are you on about?

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By *entaur_UKMan
over a year ago

Cannock

I know you said not to mention it....but, who are you on about?"

The only ones looking likely to lose their jobs so far are British MEP's when we've completed the task of leaving the EU. Biggest delegation from Britain are UKIP MEP's who are very happy about the whole thing.

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By (user no longer on site)
over a year ago

Keep reading your Daily Mail, it's full of informative 'news'

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By (user no longer on site)
over a year ago

"Keep reading your Daily Mail, it's full of informative 'news'"

So are you going to enlighten us as to which companies you initially referred too?

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By (user no longer on site)
over a year ago

"Keep reading your Daily Mail, it's full of informative 'news'

So are you going to enlighten us as to which companies you initially referred too?"

I want to know too. I'm rubbish at guessing games

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By (user no longer on site)
over a year ago

"Keep reading your Daily Mail, it's full of informative 'news'

So are you going to enlighten us as to which companies you initially referred too?

I want to know too. I'm rubbish at guessing games

I'm guessing there is no proof of the claim.

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By *horehouseCouple
over a year ago

dissatisfied

"Yawn. You're just making yourself look rather sad and silly now

Really thought it was informative post ..at least je didn't stoop to being personally insulting unlike some on here

You've finally realised you do that all the time. I wondered how long it would take you

See your post haven't risen from the gutter yet ..

Thamk you for proving my point

What point ?

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By *horehouseCouple
over a year ago

dissatisfied

Banks have already begun to take action to shift operations out of the UK, but most of their staff will have to wait several months to find out how many thousands of them will be asked to move to fledgling financial hotspots like Paris, Dublin and Frankfurt.

Investment banks, who donated heavily to the Remain campaign, have reacted immediately to Britain’s referendum result, with some of London’s largest institutions approaching regulators to secure licences and lining up executives to relocate.

Early days for brexit euphoria?

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By (user no longer on site)
over a year ago

"Banks have already begun to take action to shift operations out of the UK, but most of their staff will have to wait several months to find out how many thousands of them will be asked to move to fledgling financial hotspots like Paris, Dublin and Frankfurt.

Early days for brexit euphoria?"

Can you confirm which ones? I missed that in the business section.

Not too sure if you know but the London Stock Exchange is merging with Frankfurt. The deal has been going on for months but is nearly complete, securing our financial gateway to Europe while still leaving the rest of the world available. Good news eh.

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By *andS66Couple
over a year ago

Derby

"Less than a month since the referendum and its already starting to unravel.

First there was the £350m for the NHS promise which was abandoned in minutes.

The pound has crashed which the NFU say will increase food prices as 60% of our food is imported. Holidays will be more expensive so will everyday goods such as clothing and electrical items.

We have seen a massive rise in hate crimes including physical attacks. Not a nice side of Britain at all.

Share prices in major house builders like barratts and persimmons have fallen by 30%

So let's wait and see what the next month brings.

FFS change the frigging record.

Everybody on here's just about had enough of your whinging and whining. It's turning into white noise

If you feel that strongly about it, then emigrate while you still can.

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By (user no longer on site)
over a year ago

"Yawn. You're just making yourself look rather sad and silly now

Really thought it was informative post ..at least je didn't stoop to being personally insulting unlike some on here

You've finally realised you do that all the time. I wondered how long it would take you

See your post haven't risen from the gutter yet ..

Thamk you for proving my point

What point ? "

That you continually insult people. Thank you for proving my point by insulting me.

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By *horehouseCouple
over a year ago

dissatisfied

"Less than a month since the referendum and its already starting to unravel.

First there was the £350m for the NHS promise which was abandoned in minutes.

The pound has crashed which the NFU say will increase food prices as 60% of our food is imported. Holidays will be more expensive so will everyday goods such as clothing and electrical items.

We have seen a massive rise in hate crimes including physical attacks. Not a nice side of Britain at all.

Share prices in major house builders like barratts and persimmons have fallen by 30%

So let's wait and see what the next month brings.

FFS change the frigging record.

Everybody on here's just about had enough of your whinging and whining. It's turning into white noise

If you feel that strongly about it, then emigrate while you still can. "

Ffs we suffered over 20 years of EU scepticism..so sorry you dont like differing views to your own but tough ..get over it there are different views and opinions to yours and they Will be expressed..

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By *entaur_UKMan
over a year ago

Cannock

"Less than a month since the referendum and its already starting to unravel.

First there was the £350m for the NHS promise which was abandoned in minutes.

The pound has crashed which the NFU say will increase food prices as 60% of our food is imported. Holidays will be more expensive so will everyday goods such as clothing and electrical items.

We have seen a massive rise in hate crimes including physical attacks. Not a nice side of Britain at all.

Share prices in major house builders like barratts and persimmons have fallen by 30%

So let's wait and see what the next month brings.

FFS change the frigging record.

Everybody on here's just about had enough of your whinging and whining. It's turning into white noise

If you feel that strongly about it, then emigrate while you still can.

Ffs we suffered over 20 years of EU scepticism..so sorry you dont like differing views to your own but tough ..get over it there are different views and opinions to yours and they Will be expressed.. "

You've already moved out to the Canaries, so you'll still be living in the EU in Spain. What exactly is your problem then? Let us who actually live here in Britain enjoy our freedom from the wretched EU. Oh and keep sucking on those sours grapes there's tons more here for you to consume.

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By *tillup4funMan
over a year ago

Wakefield

"Less than a month since the referendum and its already starting to unravel.

First there was the £350m for the NHS promise which was abandoned in minutes.

The pound has crashed which the NFU say will increase food prices as 60% of our food is imported. Holidays will be more expensive so will everyday goods such as clothing and electrical items.

We have seen a massive rise in hate crimes including physical attacks. Not a nice side of Britain at all.

Share prices in major house builders like barratts and persimmons have fallen by 30%

So let's wait and see what the next month brings.

FFS change the frigging record.

Everybody on here's just about had enough of your whinging and whining. It's turning into white noise

If you feel that strongly about it, then emigrate while you still can.

Ffs we suffered over 20 years of EU scepticism..so sorry you dont like differing views to your own but tough ..get over it there are different views and opinions to yours and they Will be expressed..

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By *horehouseCouple
over a year ago

dissatisfied

"Less than a month since the referendum and its already starting to unravel.

First there was the £350m for the NHS promise which was abandoned in minutes.

The pound has crashed which the NFU say will increase food prices as 60% of our food is imported. Holidays will be more expensive so will everyday goods such as clothing and electrical items.

We have seen a massive rise in hate crimes including physical attacks. Not a nice side of Britain at all.

Share prices in major house builders like barratts and persimmons have fallen by 30%

So let's wait and see what the next month brings.

FFS change the frigging record.

Everybody on here's just about had enough of your whinging and whining. It's turning into white noise

If you feel that strongly about it, then emigrate while you still can.

Ffs we suffered over 20 years of EU scepticism..so sorry you dont like differing views to your own but tough ..get over it there are different views and opinions to yours and they Will be expressed..

Only take my grapes by the bottle with less taxes on it cheers

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By *tillup4funMan
over a year ago

Wakefield

"Less than a month since the referendum and its already starting to unravel.

First there was the £350m for the NHS promise which was abandoned in minutes.

The pound has crashed which the NFU say will increase food prices as 60% of our food is imported. Holidays will be more expensive so will everyday goods such as clothing and electrical items.

We have seen a massive rise in hate crimes including physical attacks. Not a nice side of Britain at all.

Share prices in major house builders like barratts and persimmons have fallen by 30%

So let's wait and see what the next month brings.

FFS change the frigging record.

Everybody on here's just about had enough of your whinging and whining. It's turning into white noise

If you feel that strongly about it, then emigrate while you still can.

Ffs we suffered over 20 years of EU scepticism..so sorry you dont like differing views to your own but tough ..get over it there are different views and opinions to yours and they Will be expressed..

Only take my grapes by the bottle with less taxes on it cheers "

Some of your posts make it very clear you have had a bottle or two too many.

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By *entaur_UKMan
over a year ago

Cannock

"Less than a month since the referendum and its already starting to unravel.

First there was the £350m for the NHS promise which was abandoned in minutes.

The pound has crashed which the NFU say will increase food prices as 60% of our food is imported. Holidays will be more expensive so will everyday goods such as clothing and electrical items.

We have seen a massive rise in hate crimes including physical attacks. Not a nice side of Britain at all.

Share prices in major house builders like barratts and persimmons have fallen by 30%

So let's wait and see what the next month brings.

FFS change the frigging record.

Everybody on here's just about had enough of your whinging and whining. It's turning into white noise

If you feel that strongly about it, then emigrate while you still can.

Ffs we suffered over 20 years of EU scepticism..so sorry you dont like differing views to your own but tough ..get over it there are different views and opinions to yours and they Will be expressed..

Only take my grapes by the bottle with less taxes on it cheers

Some of your posts make it very clear you have had a bottle or two too many.

Too true.

Besides now Australia want a free trade deal with Britain, Australian wine could easily replace any wine from the EU if the EU want to play hardball. A Uk/USA trade deal also looks very likely despite the rubbish Obama came out with, Californian wine is also rather nice.

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By *horehouseCouple
over a year ago

dissatisfied

"Less than a month since the referendum and its already starting to unravel.

First there was the £350m for the NHS promise which was abandoned in minutes.

The pound has crashed which the NFU say will increase food prices as 60% of our food is imported. Holidays will be more expensive so will everyday goods such as clothing and electrical items.

We have seen a massive rise in hate crimes including physical attacks. Not a nice side of Britain at all.

Share prices in major house builders like barratts and persimmons have fallen by 30%

So let's wait and see what the next month brings.

FFS change the frigging record.

Everybody on here's just about had enough of your whinging and whining. It's turning into white noise

If you feel that strongly about it, then emigrate while you still can.

Ffs we suffered over 20 years of EU scepticism..so sorry you dont like differing views to your own but tough ..get over it there are different views and opinions to yours and they Will be expressed..

Only take my grapes by the bottle with less taxes on it cheers

Some of your posts make it very clear you have had a bottle or two too many.

Too true.

"
they will just be deals to replace the trading agreements already in place through the eu .as many other deals will be..only time will tell if any new deals increase the fortunes of British industry or further add to their demise ..

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By (user no longer on site)
over a year ago

"Less than a month since the referendum and its already starting to unravel.

First there was the £350m for the NHS promise which was abandoned in minutes.

The pound has crashed which the NFU say will increase food prices as 60% of our food is imported. Holidays will be more expensive so will everyday goods such as clothing and electrical items.

We have seen a massive rise in hate crimes including physical attacks. Not a nice side of Britain at all.

Share prices in major house builders like barratts and persimmons have fallen by 30%

So let's wait and see what the next month brings.

FFS change the frigging record.

Everybody on here's just about had enough of your whinging and whining. It's turning into white noise

If you feel that strongly about it, then emigrate while you still can.

Ffs we suffered over 20 years of EU scepticism..so sorry you dont like differing views to your own but tough ..get over it there are different views and opinions to yours and they Will be expressed..

Only take my grapes by the bottle with less taxes on it cheers

Some of your posts make it very clear you have had a bottle or two too many.

Too true.

Australian red wine is the best in the world by far

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By *horehouseCouple
over a year ago

dissatisfied

"Less than a month since the referendum and its already starting to unravel.

First there was the £350m for the NHS promise which was abandoned in minutes.

The pound has crashed which the NFU say will increase food prices as 60% of our food is imported. Holidays will be more expensive so will everyday goods such as clothing and electrical items.

We have seen a massive rise in hate crimes including physical attacks. Not a nice side of Britain at all.

Share prices in major house builders like barratts and persimmons have fallen by 30%

So let's wait and see what the next month brings.

FFS change the frigging record.

Everybody on here's just about had enough of your whinging and whining. It's turning into white noise

If you feel that strongly about it, then emigrate while you still can.

Ffs we suffered over 20 years of EU scepticism..so sorry you dont like differing views to your own but tough ..get over it there are different views and opinions to yours and they Will be expressed..

Only take my grapes by the bottle with less taxes on it cheers

Some of your posts make it very clear you have had a bottle or two too many.

Too true.

Australian red wine is the best in the world by far

There are many fine wines produced through out the world if you wish to be selective about where yours is from its only your loss ..

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By (user no longer on site)
over a year ago

"Less than a month since the referendum and its already starting to unravel.

First there was the £350m for the NHS promise which was abandoned in minutes.

The pound has crashed which the NFU say will increase food prices as 60% of our food is imported. Holidays will be more expensive so will everyday goods such as clothing and electrical items.

We have seen a massive rise in hate crimes including physical attacks. Not a nice side of Britain at all.

Share prices in major house builders like barratts and persimmons have fallen by 30%

So let's wait and see what the next month brings.

FFS change the frigging record.

Everybody on here's just about had enough of your whinging and whining. It's turning into white noise

If you feel that strongly about it, then emigrate while you still can.

Ffs we suffered over 20 years of EU scepticism..so sorry you dont like differing views to your own but tough ..get over it there are different views and opinions to yours and they Will be expressed..

Only take my grapes by the bottle with less taxes on it cheers

Some of your posts make it very clear you have had a bottle or two too many.

Too true.

as are Californian girls

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By (user no longer on site)
over a year ago

"Less than a month since the referendum and its already starting to unravel.

First there was the £350m for the NHS promise which was abandoned in minutes.

The pound has crashed which the NFU say will increase food prices as 60% of our food is imported. Holidays will be more expensive so will everyday goods such as clothing and electrical items.

We have seen a massive rise in hate crimes including physical attacks. Not a nice side of Britain at all.

Share prices in major house builders like barratts and persimmons have fallen by 30%

So let's wait and see what the next month brings.

FFS change the frigging record.

Everybody on here's just about had enough of your whinging and whining. It's turning into white noise

If you feel that strongly about it, then emigrate while you still can.

Ffs we suffered over 20 years of EU scepticism..so sorry you dont like differing views to your own but tough ..get over it there are different views and opinions to yours and they Will be expressed..

Only take my grapes by the bottle with less taxes on it cheers

Some of your posts make it very clear you have had a bottle or two too many.

Too true.

Australian red wine is the best in the world by far

There are many fine wines produced through out the world if you wish to be selective about where yours is from its only your loss .."

Tried the others and my preference is Austrailian Red. I don't see how drinking the ones I prefer is my loss

It must be said some European whines are particuarly bitter

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By *at69driveMan
over a year ago

Wisbech and A47 corridor

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By *otlovefun42Couple
over a year ago

Costa Blanca Spain...

I think it is something like, Eeny Meeny Miney Mo Ltd.

Ip Dip Dip My Blue Ship Plc. and Your Guess is as Good as Mine dot com.

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By *otlovefun42Couple
over a year ago

Costa Blanca Spain...

"Less than a month since the referendum and its already starting to unravel.

First there was the £350m for the NHS promise which was abandoned in minutes.

The pound has crashed which the NFU say will increase food prices as 60% of our food is imported. Holidays will be more expensive so will everyday goods such as clothing and electrical items.

We have seen a massive rise in hate crimes including physical attacks. Not a nice side of Britain at all.

Share prices in major house builders like barratts and persimmons have fallen by 30%

So let's wait and see what the next month brings.

FFS change the frigging record.

Everybody on here's just about had enough of your whinging and whining. It's turning into white noise

If you feel that strongly about it, then emigrate while you still can.

Ffs we suffered over 20 years of EU scepticism..so sorry you dont like differing views to your own but tough ..get over it there are different views and opinions to yours and they Will be expressed..

Only take my grapes by the bottle with less taxes on it cheers

Some of your posts make it very clear you have had a bottle or two too many.

Too true.

Don't forget South African Cape reds.

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By (user no longer on site)
over a year ago

Pretty much the only things falling apart now are the remainers arguments and the level of support to remain

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By *iamondjoeMan
over a year ago

Glastonbury

"Pretty much the only things falling apart now are the remainers arguments and the level of support to remain

NUMBER CRUNCHING:

£85bn - save Brexiteers say we will save by exiting EU

£105bn - price wiped off shares of (publicly owned) banks RBS and Lloyds since Brexit.

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By *iamondjoeMan
over a year ago

Glastonbury

"Pretty much the only things falling apart now are the remainers arguments and the level of support to remain

NUMBER CRUNCHING:

£85bn - save Brexiteers say we will save by exiting EU

£105bn - price wiped off shares of (publicly owned) banks RBS and Lloyds since Brexit.

Good maths guys

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By *otlovefun42Couple
over a year ago

Costa Blanca Spain...

"Pretty much the only things falling apart now are the remainers arguments and the level of support to remain

NUMBER CRUNCHING:

£85bn - save Brexiteers say we will save by exiting EU

£105bn - price wiped off shares of (publicly owned) banks RBS and Lloyds since Brexit.

Good maths guys

But overall the footsie is up from its pre Brexit figure.

BP + 18%

Anglo American + 20%

Burberry + 17%

Diageo + 15%

Experian + 15%

GSK + 15%

Glencore + 25%

Rolls Royce + 18%

Unilever + 12%.

To mention just a few.

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By (user no longer on site)
over a year ago

"Pretty much the only things falling apart now are the remainers arguments and the level of support to remain

NUMBER CRUNCHING:

£85bn - save Brexiteers say we will save by exiting EU

£105bn - price wiped off shares of (publicly owned) banks RBS and Lloyds since Brexit.

I have noticed before that you don't understand numbers

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By *obka3Couple
over a year ago

bournemouth

"Pretty much the only things falling apart now are the remainers arguments and the level of support to remain

NUMBER CRUNCHING:

£85bn - save Brexiteers say we will save by exiting EU

£105bn - price wiped off shares of (publicly owned) banks RBS and Lloyds since Brexit.

Not sure where you get your figures from but google says that the combined value of both banks is only 70 billion as of yesterday having lost around 25 % of their value since brexit

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By *oo hotCouple
over a year ago

North West

Completely pointless looking for good or bad news after such a short period of time.

If any changes are to happen, they will happen slowly and over a period of time as the Brexit negotiations change from theory, to matters of fact.

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By *tillup4funMan
over a year ago

Wakefield

"Completely pointless looking for good or bad news after such a short period of time.

If any changes are to happen, they will happen slowly and over a period of time as the Brexit negotiations change from theory, to matters of fact.

Is it pointless to mention China signed a £1 billion deal with Sheffield today.

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By *oo hotCouple
over a year ago

North West

"Completely pointless looking for good or bad news after such a short period of time.

If any changes are to happen, they will happen slowly and over a period of time as the Brexit negotiations change from theory, to matters of fact.

Is it pointless to mention China signed a £1 billion deal with Sheffield today.

It depends on a multitude of factors leading me for example... What has China and the city of Sheffield signed a deal for? Who benefits? How and when? Is it relevant to the thread even?

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By *tillup4funMan
over a year ago

Wakefield

"Completely pointless looking for good or bad news after such a short period of time.

If any changes are to happen, they will happen slowly and over a period of time as the Brexit negotiations change from theory, to matters of fact.

Is it pointless to mention China signed a £1 billion deal with Sheffield today.

It depends on a multitude of factors leading me for example... What has China and the city of Sheffield signed a deal for? Who benefits? How and when? Is it relevant to the thread even?"

Its relevant to the thread because it shows it is,nt all falling apart, £3 million investment over the next 3 years and up to £1 billion over the next 60 years very long term investment I know but good for Sheffield.

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By *enard ArgenteMan
over a year ago

London and France

I think you need to look at what the " investment" actually us, before getting too excited about it.

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By *horehouseCouple
over a year ago

dissatisfied

"Completely pointless looking for good or bad news after such a short period of time.

If any changes are to happen, they will happen slowly and over a period of time as the Brexit negotiations change from theory, to matters of fact.

Is it pointless to mention China signed a £1 billion deal with Sheffield today.

It depends on a multitude of factors leading me for example... What has China and the city of Sheffield signed a deal for? Who benefits? How and when? Is it relevant to the thread even?

Here's what sky news says

the downturn - seen in order cancellations, a lack of new orders and the postponement or halting of projects - was "most commonly attributed in one way or another to Brexit".

Kallum Pickering, senior UK economist at Berenberg, said: "The PMI data for July released today point to a sharp drop in economic activity.

"The risk of a recession in [the second half of] 2016 is significant."

(closed, thread got too big)

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By *entaur_UKMan
over a year ago

Cannock

"Completely pointless looking for good or bad news after such a short period of time.

If any changes are to happen, they will happen slowly and over a period of time as the Brexit negotiations change from theory, to matters of fact.

Is it pointless to mention China signed a £1 billion deal with Sheffield today.

It depends on a multitude of factors leading me for example... What has China and the city of Sheffield signed a deal for? Who benefits? How and when? Is it relevant to the thread even?

Here's what sky news says

the downturn - seen in order cancellations, a lack of new orders and the postponement or halting of projects - was "most commonly attributed in one way or another to Brexit".

Kallum Pickering, senior UK economist at Berenberg, said: "The PMI data for July released today point to a sharp drop in economic activity.

"The risk of a recession in [the second half of] 2016 is significant."

....and yet both the Bank of England and the IMF say there will be no recession in the UK. The IMF says the UK economy will outperform to top 2 in the EU (France and Germany) this year and next year.

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By *horehouseCouple
over a year ago

dissatisfied

"Completely pointless looking for good or bad news after such a short period of time.

If any changes are to happen, they will happen slowly and over a period of time as the Brexit negotiations change from theory, to matters of fact.

Is it pointless to mention China signed a £1 billion deal with Sheffield today.

It depends on a multitude of factors leading me for example... What has China and the city of Sheffield signed a deal for? Who benefits? How and when? Is it relevant to the thread even?

Here's what sky news says

the downturn - seen in order cancellations, a lack of new orders and the postponement or halting of projects - was "most commonly attributed in one way or another to Brexit".

Kallum Pickering, senior UK economist at Berenberg, said: "The PMI data for July released today point to a sharp drop in economic activity.

"The risk of a recession in [the second half of] 2016 is significant."

....and yet both the Bank of England and the IMF say there will be no recession in the UK. The IMF says the UK economy will outperform to top 2 in the EU (France and Germany) this year and next year. "

The PMI flash estimate for July suggested that the UK was heading for a contraction of 0.4% in the third quarter of 2016, the first fall in gross domestic product (GDP) since 2012.

Outperform Europe we may bit shrinking is shrinking

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By *entaur_UKMan
over a year ago

Cannock

"Completely pointless looking for good or bad news after such a short period of time.

If any changes are to happen, they will happen slowly and over a period of time as the Brexit negotiations change from theory, to matters of fact.

Is it pointless to mention China signed a £1 billion deal with Sheffield today.

It depends on a multitude of factors leading me for example... What has China and the city of Sheffield signed a deal for? Who benefits? How and when? Is it relevant to the thread even?

Here's what sky news says

the downturn - seen in order cancellations, a lack of new orders and the postponement or halting of projects - was "most commonly attributed in one way or another to Brexit".

Kallum Pickering, senior UK economist at Berenberg, said: "The PMI data for July released today point to a sharp drop in economic activity.

"The risk of a recession in [the second half of] 2016 is significant."

....and yet both the Bank of England and the IMF say there will be no recession in the UK. The IMF says the UK economy will outperform to top 2 in the EU (France and Germany) this year and next year.

The PMI flash estimate for July suggested that the UK was heading for a contraction of 0.4% in the third quarter of 2016, the first fall in gross domestic product (GDP) since 2012.

Outperform Europe we may bit shrinking is shrinking "

You call it shrinking but it will still be in positive growth terms according to the IMF this year and next year. Uk will have higher growth than Germany and France.

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By *horehouseCouple
over a year ago

dissatisfied

"Completely pointless looking for good or bad news after such a short period of time.

If any changes are to happen, they will happen slowly and over a period of time as the Brexit negotiations change from theory, to matters of fact.

Is it pointless to mention China signed a £1 billion deal with Sheffield today.

It depends on a multitude of factors leading me for example... What has China and the city of Sheffield signed a deal for? Who benefits? How and when? Is it relevant to the thread even?

Here's what sky news says

the downturn - seen in order cancellations, a lack of new orders and the postponement or halting of projects - was "most commonly attributed in one way or another to Brexit".

Kallum Pickering, senior UK economist at Berenberg, said: "The PMI data for July released today point to a sharp drop in economic activity.

"The risk of a recession in [the second half of] 2016 is significant."

....and yet both the Bank of England and the IMF say there will be no recession in the UK. The IMF says the UK economy will outperform to top 2 in the EU (France and Germany) this year and next year.

The PMI flash estimate for July suggested that the UK was heading for a contraction of 0.4% in the third quarter of 2016, the first fall in gross domestic product (GDP) since 2012.

Outperform Europe we may bit shrinking is shrinking

You call it shrinking but it will still be in positive growth terms according to the IMF this year and next year. Uk will have higher growth than Germany and France. "
the same source as my post came from puts the UK in recession... By early next year although is does only predict short term unless brexit causes global recession..

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By *anddancer79Man
over a year ago

s/ shields

"I really don't understand what you guys are quarrelling over.

Firstly we aren't out of the EU yet and secondly, the true effects, good or bad, won't be felt for months or years yet.

It's like seeing a picture of a big toe and deciding on that basis that you're going to marry the person it's attached to."

Totally agree

It's a waiting game so to quote

Keep calm

And

Continue .................... ????

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By *andS66Couple
over a year ago

Derby

"Completely pointless looking for good or bad news after such a short period of time.

If any changes are to happen, they will happen slowly and over a period of time as the Brexit negotiations change from theory, to matters of fact.

Is it pointless to mention China signed a £1 billion deal with Sheffield today.

It depends on a multitude of factors leading me for example... What has China and the city of Sheffield signed a deal for? Who benefits? How and when? Is it relevant to the thread even?

Here's what sky news says

the downturn - seen in order cancellations, a lack of new orders and the postponement or halting of projects - was "most commonly attributed in one way or another to Brexit".

Kallum Pickering, senior UK economist at Berenberg, said: "The PMI data for July released today point to a sharp drop in economic activity.

"The risk of a recession in [the second half of] 2016 is significant."

....and yet both the Bank of England and the IMF say there will be no recession in the UK. The IMF says the UK economy will outperform to top 2 in the EU (France and Germany) this year and next year.

The PMI flash estimate for July suggested that the UK was heading for a contraction of 0.4% in the third quarter of 2016, the first fall in gross domestic product (GDP) since 2012.

Outperform Europe we may bit shrinking is shrinking

You call it shrinking but it will still be in positive growth terms according to the IMF this year and next year. Uk will have higher growth than Germany and France. the same source as my post came from puts the UK in recession... By early next year although is does only predict short term unless brexit causes global recession.."

So now the UK is so powerful economically that if we sneeze the whole world gets pneumonia?

Complete opposite of what our economy means to the world from what remainers were saying just a few weeks ago.

All that's happening with the economy at the moment is speculators making money from something that not just hasn't happened yet (nothing has changed, other than the UK saying 'we are officially considering leaving the EU), but may not happen at all, and companies using Brexit as an excuse to 'downsize', or delay investment, or going bust because of their own historical financial mismanagement.

I've worked in two industries recently, across several companies, all companies have increased their order books over the past month, but are still looking at ways of reducing staff levels.

The biggest problem at the moment is not Brexit, but the financial effects on employers over the next two to 3 years of introducing the living wage.

One company I deal with, who import a lot of raw materials, have suffered a 1% hit because of the pound falling (although they had an unbudgeted gain last year through the pound strengthening), but the living wage is going to cost them between 3 and 4 times this. Thus they are looking at ways to reduce labour costs.

And let's not forget that the BoE and other experts have been warning of a recession for at least the last 2 or 3 years, not suddenly since Brexit.

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By *horehouseCouple
over a year ago

dissatisfied

"Completely pointless looking for good or bad news after such a short period of time.

If any changes are to happen, they will happen slowly and over a period of time as the Brexit negotiations change from theory, to matters of fact.

Is it pointless to mention China signed a £1 billion deal with Sheffield today.

It depends on a multitude of factors leading me for example... What has China and the city of Sheffield signed a deal for? Who benefits? How and when? Is it relevant to the thread even?

Here's what sky news says

the downturn - seen in order cancellations, a lack of new orders and the postponement or halting of projects - was "most commonly attributed in one way or another to Brexit".

Kallum Pickering, senior UK economist at Berenberg, said: "The PMI data for July released today point to a sharp drop in economic activity.

"The risk of a recession in [the second half of] 2016 is significant."

....and yet both the Bank of England and the IMF say there will be no recession in the UK. The IMF says the UK economy will outperform to top 2 in the EU (France and Germany) this year and next year.

The PMI flash estimate for July suggested that the UK was heading for a contraction of 0.4% in the third quarter of 2016, the first fall in gross domestic product (GDP) since 2012.

Outperform Europe we may bit shrinking is shrinking

So now the UK is so powerful economically that if we sneeze the whole world gets pneumonia?

Complete opposite of what our economy means to the world from what remainers were saying just a few weeks ago.

I've worked in two industries recently, across several companies, all companies have increased their order books over the past month, but are still looking at ways of reducing staff levels.

The biggest problem at the moment is not Brexit, but the financial effects on employers over the next two to 3 years of introducing the living wage.

And let's not forget that the BoE and other experts have been warning of a recession for at least the last 2 or 3 years, not suddenly since Brexit. "

Not brexit"s fault? ..thats called denial

http://www.independent.co.uk/news/uk/britain-just-got-its-first-concrete-sign-that-brexit-will-destroy-the-economy-a7152306.html

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By *entaur_UKMan
over a year ago

Cannock

"Completely pointless looking for good or bad news after such a short period of time.

If any changes are to happen, they will happen slowly and over a period of time as the Brexit negotiations change from theory, to matters of fact.

Is it pointless to mention China signed a £1 billion deal with Sheffield today.

It depends on a multitude of factors leading me for example... What has China and the city of Sheffield signed a deal for? Who benefits? How and when? Is it relevant to the thread even?

Here's what sky news says

the downturn - seen in order cancellations, a lack of new orders and the postponement or halting of projects - was "most commonly attributed in one way or another to Brexit".

Kallum Pickering, senior UK economist at Berenberg, said: "The PMI data for July released today point to a sharp drop in economic activity.

"The risk of a recession in [the second half of] 2016 is significant."

....and yet both the Bank of England and the IMF say there will be no recession in the UK. The IMF says the UK economy will outperform to top 2 in the EU (France and Germany) this year and next year.

The PMI flash estimate for July suggested that the UK was heading for a contraction of 0.4% in the third quarter of 2016, the first fall in gross domestic product (GDP) since 2012.

Outperform Europe we may bit shrinking is shrinking

So now the UK is so powerful economically that if we sneeze the whole world gets pneumonia?

Complete opposite of what our economy means to the world from what remainers were saying just a few weeks ago.

I've worked in two industries recently, across several companies, all companies have increased their order books over the past month, but are still looking at ways of reducing staff levels.

The biggest problem at the moment is not Brexit, but the financial effects on employers over the next two to 3 years of introducing the living wage.

And let's not forget that the BoE and other experts have been warning of a recession for at least the last 2 or 3 years, not suddenly since Brexit.

Not brexit"s fault? ..thats called denial

http://www.independent.co.uk/news/uk/britain-just-got-its-first-concrete-sign-that-brexit-will-destroy-the-economy-a7152306.html"

The fall in the pound has had an unexpected boost on the UK tourism industry. As reported in the week bookings for holidays in the UK have increased tenfold since the result if the referendum. Once we leave the EU there will also be a massive boost in the UK fishing industry. Factor into that all the new trade deals Britain will be doing all around the world and Britain has a very bright future outside of the EU.

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By *tillup4funMan
over a year ago

Wakefield

"Completely pointless looking for good or bad news after such a short period of time.

If any changes are to happen, they will happen slowly and over a period of time as the Brexit negotiations change from theory, to matters of fact.

Is it pointless to mention China signed a £1 billion deal with Sheffield today.

It depends on a multitude of factors leading me for example... What has China and the city of Sheffield signed a deal for? Who benefits? How and when? Is it relevant to the thread even?

Here's what sky news says

the downturn - seen in order cancellations, a lack of new orders and the postponement or halting of projects - was "most commonly attributed in one way or another to Brexit".

Kallum Pickering, senior UK economist at Berenberg, said: "The PMI data for July released today point to a sharp drop in economic activity.

"The risk of a recession in [the second half of] 2016 is significant."

....and yet both the Bank of England and the IMF say there will be no recession in the UK. The IMF says the UK economy will outperform to top 2 in the EU (France and Germany) this year and next year.

The PMI flash estimate for July suggested that the UK was heading for a contraction of 0.4% in the third quarter of 2016, the first fall in gross domestic product (GDP) since 2012.

Outperform Europe we may bit shrinking is shrinking

So now the UK is so powerful economically that if we sneeze the whole world gets pneumonia?

Complete opposite of what our economy means to the world from what remainers were saying just a few weeks ago.

I've worked in two industries recently, across several companies, all companies have increased their order books over the past month, but are still looking at ways of reducing staff levels.

The biggest problem at the moment is not Brexit, but the financial effects on employers over the next two to 3 years of introducing the living wage.

And let's not forget that the BoE and other experts have been warning of a recession for at least the last 2 or 3 years, not suddenly since Brexit.

Not brexit"s fault? ..thats called denial

http://www.independent.co.uk/news/uk/britain-just-got-its-first-concrete-sign-that-brexit-will-destroy-the-economy-a7152306.html

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By *LCC OP Couple
over a year ago

Cambridge

So since the OP the G20 has said that Brexit is a risk to the world economy, which is a view shared by the IMF.

Also we've seen the first data that the economy is shrinking from the purchasing managers indices. In fact shrinking at the fastest rate in its 20 year history.

The beginning of worrying trends.

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By (user no longer on site)
over a year ago

"So since the OP the G20 has said that Brexit is a risk to the world economy, which is a view shared by the IMF.

Also we've seen the first data that the economy is shrinking from the purchasing managers indices. In fact shrinking at the fastest rate in its 20 year history.

The beginning of worrying trends."

Can you educate me. As the UK is nothing without the EU, pretty much your view, and the EU is all powerful, again pretty much your view, why would Brexit have such a dramatic effect on the world market?

I'm also confused by your comment about the economy shrinking. I read growth was only going to be slightly down on last year. Doesn't growth mean the opposite to shrinking?

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By *entaur_UKMan
over a year ago

Cannock

"So since the OP the G20 has said that Brexit is a risk to the world economy, which is a view shared by the IMF.

Also we've seen the first data that the economy is shrinking from the purchasing managers indices. In fact shrinking at the fastest rate in its 20 year history.

The beginning of worrying trends."

The IMF forecast released in the week predicted the UK economy to continue to grow this year and next year. The IMF said the UK economy would grow more than the economies in France and Germany.

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By *entaur_UKMan
over a year ago

Cannock

"So since the OP the G20 has said that Brexit is a risk to the world economy, which is a view shared by the IMF.

Also we've seen the first data that the economy is shrinking from the purchasing managers indices. In fact shrinking at the fastest rate in its 20 year history.

The beginning of worrying trends.

The IMF forecast released in the week predicted the UK economy to continue to grow this year and next year. The IMF said the UK economy would grow more than the economies in France and Germany. "

Add to that the Bank of England also said this week there will be no recession in the UK this year or next year.

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By *horehouseCouple
over a year ago

dissatisfied

"So since the OP the G20 has said that Brexit is a risk to the world economy, which is a view shared by the IMF.

Also we've seen the first data that the economy is shrinking from the purchasing managers indices. In fact shrinking at the fastest rate in its 20 year history.

The beginning of worrying trends.

The IMF forecast released in the week predicted the UK economy to continue to grow this year and next year. The IMF said the UK economy would grow more than the economies in France and Germany. "

sorry wrong the imf says similar

The IMF believes that next year the UK will have similar growth rates to Germany – the eurozone economy most affected by the Brexit-induced slowdown – and France. Germany’s growth is now estimated at 1.2% in 2017, a fall of 0.4 points

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By *ensualtouch15Man
over a year ago

ashby de la zouch

"So since the OP the G20 has said that Brexit is a risk to the world economy, which is a view shared by the IMF.

Also we've seen the first data that the economy is shrinking from the purchasing managers indices. In fact shrinking at the fastest rate in its 20 year history.

The beginning of worrying trends.

The IMF forecast released in the week predicted the UK economy to continue to grow this year and next year. The IMF said the UK economy would grow more than the economies in France and Germany.

Add to that the Bank of England also said this week there will be no recession in the UK this year or next year. "

What the imf currently says !

July 19, 2016

Brexit causes ‘substantial’ increase in economic, political, institutional uncertainty

Global forecast for 2017 cut by 0.1 percentage point, to 3.4 percent

If not for Brexit, global forecast would have been slightly higher

The International Monetary Fund cut its forecasts for global economic growth this year and next as the unexpected U.K. vote to leave the European Union creates a wave of uncertainty amid already-fragile business and consumer confidence.

“The Brexit vote implies a substantial increase in economic, political, and institutional uncertainty, which is projected to have negative macroeconomic consequences, especially in advanced European economies,” according to the IMF’s World Economic Outlook Update released today.

“Brexit has thrown a spanner in the works,” said Maurice Obstfeld, IMF Chief Economist and Economic Counsellor. And with the event still unfolding, the report says that it is still very difficult to quantify potential repercussions.

The economies of the United Kingdom (U.K.) and Europe will be hit the hardest by fallout from the June 23 referendum, which prompted a change of government in Britain. Global growth, already sluggish, will suffer as a result, putting the onus on policy makers to strengthen banking systems and deliver on plans to carry out much-needed structural reforms.

In particular, policymakers in the U.K. and the European Union (EU) will play a key role in tempering uncertainty that could further damage growth in Europe and elsewhere, the IMF said. It called on them to engineer a “smooth and predictable transition to a new set of post-Brexit trading and financial relationships that as much as possible preserves gains from trade between the U.K. and the EU.”

Global growth remains muted, blow to UK growth

The global economy is projected to expand 3.1 percent this year and 3.4 percent in 2017, according to the IMF (see table). Those forecasts represent a 0.1 percentage point reduction for both years relative to the IMF’s April World Economic Outlook.

The U.K. economy will expand 1.7 percent this year, the IMF said, 0.2 percentage point less than forecast in April. Next year, the nation’s growth will slow to 1.3 percent, down 0.9 point from the April estimate and the biggest reduction among advanced economies. For the euro area, the Fund raised its forecast by 0.1 point this year, to 1.6 percent, and lowered it by 0.2 point in 2017, to 1.4 percent.

Had it not been for Brexit, the IMF was prepared to leave its outlook for this year broadly unchanged as better-than-expected euro area performance offset disappointing U.S. first-quarter growth. The IMF also had been prepared to raise its outlook for 2017 slightly, by 0.1 percentage point, on the back of improved performance in a few big emerging markets, in particular Brazil and Russia.

The IMF said its forecasts were contingent on the “benign” assumptions that uncertainty following the U.K. referendum would gradually wane, the EU and U.K. would manage to avoid a large increase in economic barriers, and that financial market fallout would be limited.

Likelihood of negative outcomes: two scenarios

Even so, the IMF warned that “more negative outcomes are a distinct possibility.” “The real effects of Brexit will play out gradually over time, adding elements of economic and political uncertainty,” said Obstfeld. “This overlay of extra uncertainty, in turn, may open the door to an amplified response of financial markets to negative shocks.”

Because the future effects of Brexit are exceptionally uncertain, the report outlined two scenarios that would reduce world growth to less than 3 percent this year and next.

In the first, “downside” scenario, financial conditions are tighter and consumer confidence weaker than currently assumed, both in the U.K. and the rest of the world, until the first half of 2017, and a portion of U.K. financial services gradually migrates to the euro area. The result would be a further slowdown of global growth this year and next.

The second, “severe” scenario, envisages intensified financial stress, particularly in Europe, a sharper tightening of financial conditions and a bigger blow to confidence. Trade arrangements between the U.K. and the EU would revert to World Trade Organization norms. In this scenario, “the global economy would experience a more significant slowdown” through 2017 that would be more pronounced in advanced economies.

Outlook in other advanced, emerging markets

Brexit’s fallout is likely to be felt in Japan, where a stronger yen will limit growth. The IMF cut its 2016 growth forecast by 0.2 percentage point, to 0.3 percent. Next year, Japan’s economy, the world’s third-largest, is expected to expand 0.1 percent, 0.2 percentage point more than predicted in April, due to postponement of the consumption tax increase.

In the U.S., weaker-than-expected growth in the first quarter prompted the IMF to reduce its 2016 forecast to a gain of 2.2 percent, 0.2 percentage points less than the April outlook. The IMF left its 2017 forecast for U.S. growth unchanged at 2.5 percent.

China’s growth forecast for 2016 is up 0.1 percentage point, to 6.6 percent, and is unchanged for 2017 at 6.2 percent. Brexit fallout is likely to be muted for China, the world’s second-largest economy, because of its limited trade and financial links with the U.K.

“However, should growth in the European Union be affected significantly, the adverse effect on China could be material,” the IMF said.

The outlook for other emerging and developing economies remains diverse and broadly unchanged relative to April. That said, gains in the emerging group are matched by losses in low-income economies. Indeed, low-income countries saw a large downward revision in 2016, in large part driven by the economic contraction in Nigeria, and also worsened outlook in South Africa, Angola, and Gabon.

I'd suggest both the imf and boe are hoping we won't fall into recession but the chances are very high indeed in my opinion

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By *entaur_UKMan
over a year ago

Cannock

"So since the OP the G20 has said that Brexit is a risk to the world economy, which is a view shared by the IMF.

Also we've seen the first data that the economy is shrinking from the purchasing managers indices. In fact shrinking at the fastest rate in its 20 year history.

The beginning of worrying trends.

The IMF forecast released in the week predicted the UK economy to continue to grow this year and next year. The IMF said the UK economy would grow more than the economies in France and Germany.

Add to that the Bank of England also said this week there will be no recession in the UK this year or next year.

What the imf currently says !

July 19, 2016

Brexit causes ‘substantial’ increase in economic, political, institutional uncertainty

Global forecast for 2017 cut by 0.1 percentage point, to 3.4 percent

If not for Brexit, global forecast would have been slightly higher

Global growth remains muted, blow to UK growth

Likelihood of negative outcomes: two scenarios

Because the future effects of Brexit are exceptionally uncertain, the report outlined two scenarios that would reduce world growth to less than 3 percent this year and next.

Outlook in other advanced, emerging markets

“However, should growth in the European Union be affected significantly, the adverse effect on China could be material,” the IMF said.

I'd suggest both the imf and boe are hoping we won't fall into recession but the chances are very high indeed in my opinion"

As I said then the IMF forecast predicts the UK economy to grow by 1.7% this year and 1.3% next year. That means there will be no recession.

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By *horehouseCouple
over a year ago

dissatisfied

"So since the OP the G20 has said that Brexit is a risk to the world economy, which is a view shared by the IMF.

Also we've seen the first data that the economy is shrinking from the purchasing managers indices. In fact shrinking at the fastest rate in its 20 year history.

The beginning of worrying trends.

The IMF forecast released in the week predicted the UK economy to continue to grow this year and next year. The IMF said the UK economy would grow more than the economies in France and Germany.

Add to that the Bank of England also said this week there will be no recession in the UK this year or next year.

What the imf currently says !

July 19, 2016

Brexit causes ‘substantial’ increase in economic, political, institutional uncertainty

Global forecast for 2017 cut by 0.1 percentage point, to 3.4 percent

If not for Brexit, global forecast would have been slightly higher

Global growth remains muted, blow to UK growth

Likelihood of negative outcomes: two scenarios

Because the future effects of Brexit are exceptionally uncertain, the report outlined two scenarios that would reduce world growth to less than 3 percent this year and next.

Outlook in other advanced, emerging markets

“However, should growth in the European Union be affected significantly, the adverse effect on China could be material,” the IMF said.

I'd suggest both the imf and boe are hoping we won't fall into recession but the chances are very high indeed in my opinion

As I said then the IMF forecast predicts the UK economy to grow by 1.7% this year and 1.3% next year. That means there will be no recession. "
going to hold you to that prediction

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By (user no longer on site)
over a year ago

But in fairness, when did the IMF know what the f..k it was talking about?

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By *entaur_UKMan
over a year ago

Cannock

"So since the OP the G20 has said that Brexit is a risk to the world economy, which is a view shared by the IMF.

Also we've seen the first data that the economy is shrinking from the purchasing managers indices. In fact shrinking at the fastest rate in its 20 year history.

The beginning of worrying trends.

The IMF forecast released in the week predicted the UK economy to continue to grow this year and next year. The IMF said the UK economy would grow more than the economies in France and Germany.

Add to that the Bank of England also said this week there will be no recession in the UK this year or next year.

What the imf currently says !

July 19, 2016

Brexit causes ‘substantial’ increase in economic, political, institutional uncertainty

Global forecast for 2017 cut by 0.1 percentage point, to 3.4 percent

If not for Brexit, global forecast would have been slightly higher

Global growth remains muted, blow to UK growth

Likelihood of negative outcomes: two scenarios

Because the future effects of Brexit are exceptionally uncertain, the report outlined two scenarios that would reduce world growth to less than 3 percent this year and next.

Outlook in other advanced, emerging markets

“However, should growth in the European Union be affected significantly, the adverse effect on China could be material,” the IMF said.

I'd suggest both the imf and boe are hoping we won't fall into recession but the chances are very high indeed in my opinion

As I said then the IMF forecast predicts the UK economy to grow by 1.7% this year and 1.3% next year. That means there will be no recession. going to hold you to that prediction "

It's not my prediction, it is the IMF's prediction.

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By *horehouseCouple
over a year ago

dissatisfied

"So since the OP the G20 has said that Brexit is a risk to the world economy, which is a view shared by the IMF.

Also we've seen the first data that the economy is shrinking from the purchasing managers indices. In fact shrinking at the fastest rate in its 20 year history.

The beginning of worrying trends.

The IMF forecast released in the week predicted the UK economy to continue to grow this year and next year. The IMF said the UK economy would grow more than the economies in France and Germany.

Add to that the Bank of England also said this week there will be no recession in the UK this year or next year.

What the imf currently says !

July 19, 2016

Brexit causes ‘substantial’ increase in economic, political, institutional uncertainty

Global forecast for 2017 cut by 0.1 percentage point, to 3.4 percent

If not for Brexit, global forecast would have been slightly higher

Global growth remains muted, blow to UK growth

Likelihood of negative outcomes: two scenarios

Because the future effects of Brexit are exceptionally uncertain, the report outlined two scenarios that would reduce world growth to less than 3 percent this year and next.

Outlook in other advanced, emerging markets

“However, should growth in the European Union be affected significantly, the adverse effect on China could be material,” the IMF said.

I'd suggest both the imf and boe are hoping we won't fall into recession but the chances are very high indeed in my opinion

As I said then the IMF forecast predicts the UK economy to grow by 1.7% this year and 1.3% next year. That means there will be no recession. going to hold you to that prediction

It's not my prediction, it is the IMF's prediction.

thank god for that they've never been wrong in the past have they

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By (user no longer on site)
over a year ago

"So since the OP the G20 has said that Brexit is a risk to the world economy, which is a view shared by the IMF.

Also we've seen the first data that the economy is shrinking from the purchasing managers indices. In fact shrinking at the fastest rate in its 20 year history.

The beginning of worrying trends.

The IMF forecast released in the week predicted the UK economy to continue to grow this year and next year. The IMF said the UK economy would grow more than the economies in France and Germany.

Add to that the Bank of England also said this week there will be no recession in the UK this year or next year.

What the imf currently says !

July 19, 2016

Brexit causes ‘substantial’ increase in economic, political, institutional uncertainty

Global forecast for 2017 cut by 0.1 percentage point, to 3.4 percent

If not for Brexit, global forecast would have been slightly higher

Global growth remains muted, blow to UK growth

Likelihood of negative outcomes: two scenarios

Because the future effects of Brexit are exceptionally uncertain, the report outlined two scenarios that would reduce world growth to less than 3 percent this year and next.

Outlook in other advanced, emerging markets

“However, should growth in the European Union be affected significantly, the adverse effect on China could be material,” the IMF said.

I'd suggest both the imf and boe are hoping we won't fall into recession but the chances are very high indeed in my opinion

As I said then the IMF forecast predicts the UK economy to grow by 1.7% this year and 1.3% next year. That means there will be no recession. going to hold you to that prediction

It's not my prediction, it is the IMF's prediction.

thank god for that they've never been wrong in the past have they "

you weren't saying that before the referendum

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Reply privately

By *horehouseCouple
over a year ago

dissatisfied

"So since the OP the G20 has said that Brexit is a risk to the world economy, which is a view shared by the IMF.

Also we've seen the first data that the economy is shrinking from the purchasing managers indices. In fact shrinking at the fastest rate in its 20 year history.

The beginning of worrying trends.

The IMF forecast released in the week predicted the UK economy to continue to grow this year and next year. The IMF said the UK economy would grow more than the economies in France and Germany.

Add to that the Bank of England also said this week there will be no recession in the UK this year or next year.

What the imf currently says !

July 19, 2016

Brexit causes ‘substantial’ increase in economic, political, institutional uncertainty

Global forecast for 2017 cut by 0.1 percentage point, to 3.4 percent

If not for Brexit, global forecast would have been slightly higher

Global growth remains muted, blow to UK growth

Likelihood of negative outcomes: two scenarios

Because the future effects of Brexit are exceptionally uncertain, the report outlined two scenarios that would reduce world growth to less than 3 percent this year and next.

Outlook in other advanced, emerging markets

“However, should growth in the European Union be affected significantly, the adverse effect on China could be material,” the IMF said.

I'd suggest both the imf and boe are hoping we won't fall into recession but the chances are very high indeed in my opinion

As I said then the IMF forecast predicts the UK economy to grow by 1.7% this year and 1.3% next year. That means there will be no recession. going to hold you to that prediction

It's not my prediction, it is the IMF's prediction.

thank god for that they've never been wrong in the past have they

you weren't saying that before the referendum

hello you left you Fair UK party to join in ..

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By (user no longer on site)
over a year ago

"So since the OP the G20 has said that Brexit is a risk to the world economy, which is a view shared by the IMF.

Also we've seen the first data that the economy is shrinking from the purchasing managers indices. In fact shrinking at the fastest rate in its 20 year history.

The beginning of worrying trends.

The IMF forecast released in the week predicted the UK economy to continue to grow this year and next year. The IMF said the UK economy would grow more than the economies in France and Germany.

Add to that the Bank of England also said this week there will be no recession in the UK this year or next year.

What the imf currently says !

July 19, 2016

Brexit causes ‘substantial’ increase in economic, political, institutional uncertainty

Global forecast for 2017 cut by 0.1 percentage point, to 3.4 percent

If not for Brexit, global forecast would have been slightly higher

Global growth remains muted, blow to UK growth

Likelihood of negative outcomes: two scenarios

Because the future effects of Brexit are exceptionally uncertain, the report outlined two scenarios that would reduce world growth to less than 3 percent this year and next.

Outlook in other advanced, emerging markets

“However, should growth in the European Union be affected significantly, the adverse effect on China could be material,” the IMF said.

I'd suggest both the imf and boe are hoping we won't fall into recession but the chances are very high indeed in my opinion

As I said then the IMF forecast predicts the UK economy to grow by 1.7% this year and 1.3% next year. That means there will be no recession. going to hold you to that prediction

It's not my prediction, it is the IMF's prediction.

thank god for that they've never been wrong in the past have they

you weren't saying that before the referendum

hello you left you Fair UK party to join in ..

ye, nobody would donate

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Reply privately

By *horehouseCouple
over a year ago

dissatisfied

"So since the OP the G20 has said that Brexit is a risk to the world economy, which is a view shared by the IMF.

Also we've seen the first data that the economy is shrinking from the purchasing managers indices. In fact shrinking at the fastest rate in its 20 year history.

The beginning of worrying trends.

The IMF forecast released in the week predicted the UK economy to continue to grow this year and next year. The IMF said the UK economy would grow more than the economies in France and Germany.

Add to that the Bank of England also said this week there will be no recession in the UK this year or next year.

What the imf currently says !

July 19, 2016

Brexit causes ‘substantial’ increase in economic, political, institutional uncertainty

Global forecast for 2017 cut by 0.1 percentage point, to 3.4 percent

If not for Brexit, global forecast would have been slightly higher

Global growth remains muted, blow to UK growth

Likelihood of negative outcomes: two scenarios

Because the future effects of Brexit are exceptionally uncertain, the report outlined two scenarios that would reduce world growth to less than 3 percent this year and next.

Outlook in other advanced, emerging markets

“However, should growth in the European Union be affected significantly, the adverse effect on China could be material,” the IMF said.

I'd suggest both the imf and boe are hoping we won't fall into recession but the chances are very high indeed in my opinion

As I said then the IMF forecast predicts the UK economy to grow by 1.7% this year and 1.3% next year. That means there will be no recession. going to hold you to that prediction

It's not my prediction, it is the IMF's prediction.

thank god for that they've never been wrong in the past have they

you weren't saying that before the referendum

hello you left you Fair UK party to join in ..

ye, nobody would donate

offer free membership i recon the F UK party could be a welcome relief in politics ..

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By (user no longer on site)
over a year ago

Fucking hell, quoting over 100 lines of text for sometimes a 5 word reply

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By *anbrCouple
over a year ago

Edinburgh

Am I the only person that read the article about all of the UK companies that were granted EU money to relocate their businesses - and not within Europe at that! Dyson is one that I remember but there were too many to list. In any other context, this would be called asset stripping funded by the EU!

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By (user no longer on site)
over a year ago

"Am I the only person that read the article about all of the UK companies that were granted EU money to relocate their businesses - and not within Europe at that! Dyson is one that I remember but there were too many to list. In any other context, this would be called asset stripping funded by the EU! "

are you suggeting that the people running the EU could be a little corrupt?

who'd have thought

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By (user no longer on site)
over a year ago

Starting to fall apart???

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By *horehouseCouple
over a year ago

dissatisfied

"Fucking hell, quoting over 100 lines of text for sometimes a 5 word reply

Fucking hell why bother with a comment ..for the sake of 14 words that had nothing to do with the original post

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By (user no longer on site)
over a year ago

"Less than a month since the referendum and its already starting to unravel.

First there was the £350m for the NHS promise which was abandoned in minutes.

The pound has crashed which the NFU say will increase food prices as 60% of our food is imported. Holidays will be more expensive so will everyday goods such as clothing and electrical items.

We have seen a massive rise in hate crimes including physical attacks. Not a nice side of Britain at all.

Share prices in major house builders like barratts and persimmons have fallen by 30%

So let's wait and see what the next month brings.

Well aren't you just a cheerful bunny.

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By (user no longer on site)
over a year ago

"Fucking hell, quoting over 100 lines of text for sometimes a 5 word reply

Fucking hell why bother with a comment ..for the sake of 14 words that had nothing to do with the original post "

Oooo mr angry

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By *LCC OP Couple
over a year ago

Cambridge

"So since the OP the G20 has said that Brexit is a risk to the world economy, which is a view shared by the IMF.

Also we've seen the first data that the economy is shrinking from the purchasing managers indices. In fact shrinking at the fastest rate in its 20 year history.

The beginning of worrying trends.

I'm also confused by your comment about the economy shrinking. I read growth was only going to be slightly down on last year. Doesn't growth mean the opposite to shrinking?"

Who ever said that the UK is nothing without the EU? All I've ever said is that the UK does better in the EU. I believe in working together, whether that's the 4 nations of the UK working together, the EU, or working with the rest of the world through the UN to tackle things such as climate change.

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By (user no longer on site)
over a year ago

"So since the OP the G20 has said that Brexit is a risk to the world economy, which is a view shared by the IMF.

Also we've seen the first data that the economy is shrinking from the purchasing managers indices. In fact shrinking at the fastest rate in its 20 year history.

The beginning of worrying trends.

I'm also confused by your comment about the economy shrinking. I read growth was only going to be slightly down on last year. Doesn't growth mean the opposite to shrinking?

No. You said the UK wouldn't survive outside the EU.

All that aside I still await your edjumacation of me on the matters above.

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By *LCC OP Couple
over a year ago

Cambridge

"So since the OP the G20 has said that Brexit is a risk to the world economy, which is a view shared by the IMF.

Also we've seen the first data that the economy is shrinking from the purchasing managers indices. In fact shrinking at the fastest rate in its 20 year history.

The beginning of worrying trends.

I'm also confused by your comment about the economy shrinking. I read growth was only going to be slightly down on last year. Doesn't growth mean the opposite to shrinking?

No. You said the UK wouldn't survive outside the EU.

All that aside I still await your edjumacation of me on the matters above."

If you can find the post where I said that the UK wouldn't survive outside the EU then maybe I'll believe you. Trade will continue, law and order will continue, but it wont be as good as had we remained in the EU. People will be made redundant, will have less money in their pockets, the climate will be damaged, rights stripped away etc. etc. All of this for the illusion of control. What a waste.

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By *otlovefun42Couple
over a year ago

Costa Blanca Spain...

"So since the OP the G20 has said that Brexit is a risk to the world economy, which is a view shared by the IMF.

Also we've seen the first data that the economy is shrinking from the purchasing managers indices. In fact shrinking at the fastest rate in its 20 year history.

The beginning of worrying trends.

I'm also confused by your comment about the economy shrinking. I read growth was only going to be slightly down on last year. Doesn't growth mean the opposite to shrinking?

No. You said the UK wouldn't survive outside the EU.

All that aside I still await your edjumacation of me on the matters above.

Yes trade will continue within and outside the EU. However Britain will be better able to deal with the rest of the world without the sclerotic EU which drags trade deals on for years and years. Canada being a prime example.

Yes law and order will continue, or continue to fall apart (depending on your point of view) whether in or out of the EU. However Britain having more control of its borders will at least give Britain the chance to deport or ban entry to many undesirables who currently slip through the net. Also Britain's security services are generally regarded as the best in Europe so I'm pretty sure liaison will continue.

Britain in or out of the EU wont damage the climate one jot. If anything it is Britain that is over zealously building wind farms when the Germans and Dutch have cut back.

Yes some "rights" may be damaged. However if that includes the "rights" of terror suspects, convicted killers, rapists, mafia bosses, ATM fraudsters, and pickpockets to live in Britain with impunity then it can't be all bad.

It wont be as good as if Britain was in the EU? Tell that one to the Greeks.

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By (user no longer on site)
over a year ago

"So since the OP the G20 has said that Brexit is a risk to the world economy, which is a view shared by the IMF.

Also we've seen the first data that the economy is shrinking from the purchasing managers indices. In fact shrinking at the fastest rate in its 20 year history.

The beginning of worrying trends.

I'm also confused by your comment about the economy shrinking. I read growth was only going to be slightly down on last year. Doesn't growth mean the opposite to shrinking?

No. You said the UK wouldn't survive outside the EU.

All that aside I still await your edjumacation of me on the matters above.

All that is your opinion only and you still haven't educated me.

Why would Brexit have such a global effect on the economy when you have said we will fail outside the EU and the EU is all powerful? Excuse my ignorance but if we will have such an affect is it because maybe the EU needs the UK more than the UK needs the EU?

And you still have't explained why growth in the economy means the economy is shrinking in your world.

I'm really struggling with both the above and,if I didn't know better, I would think you was avoiding answering the questions because you can't.

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By (user no longer on site)
over a year ago

A lot of the delays on deals with the EU from other contries is its continuing adding free movement of labour to each and every deal.

Because they are the ever expanding monster dedicated to an ever expending EU.

There is no reason for it to take 3 plus years and more to strike trade deals

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By *otlovefun42Couple
over a year ago

Costa Blanca Spain...

"A lot of the delays on deals with the EU from other contries is its continuing adding free movement of labour to each and every deal.

Because they are the ever expanding monster dedicated to an ever expending EU.

There is no reason for it to take 3 plus years and more to strike trade deals

Exactly.

The Canadian deal has been dragging on and on for around 8 years and apparently Romanian visa restrictions is one of the main sticking points. Why should Britain, Germany, France Etc have their trade blocked/restricted because the EU insists on visa free travel for Romanians? It's a prime example of one size doesn't fit all.

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By *tillup4funMan
over a year ago

Wakefield

"A lot of the delays on deals with the EU from other contries is its continuing adding free movement of labour to each and every deal.

Because they are the ever expanding monster dedicated to an ever expending EU.

There is no reason for it to take 3 plus years and more to strike trade deals

Exactly.

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By (user no longer on site)
over a year ago

"A lot of the delays on deals with the EU from other contries is its continuing adding free movement of labour to each and every deal.

Because they are the ever expanding monster dedicated to an ever expending EU.

There is no reason for it to take 3 plus years and more to strike trade deals

Exactly.

THIS!

And why the stupidity that is the Euro is destroying the economies of Southern Europe and dragging Northern Europe down as well ...

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By *isandreTV/TS
over a year ago

Hartlepool

http://www.theguardian.com/politics/2016/jul/15/uk-canada-advice-post-brexit-trade-deals-eu-ceta

'The UK has sought advice from Canada on how to secure a trade agreement with the EU following the Brexit vote, the Canadian trade minister has said.

Chrystia Freeland told BBC Radio 4’s Today programme that her team had been having “technical exchanges” with Britain about Canada’s recently finalised deal with the EU.

She was speaking before a meeting with Liam Fox, the UK’s secretary of state for international trade.

“As members of the Commonwealth they agreed to build a stronger, closer relationship in a number of areas including trade and prosperity,” a spokesperson for the new department said. “The ministers expressed a wish to work together better to promote the opportunities and benefits of globalisation and to think about how to get more SMEs exporting.”

On Thursday, David Davis, the minister for Brexit, said his preferred model for the UK’s continuing relationship with the EU is Canada’s comprehensive and economic trade agreement (Ceta).

Speaking on Friday, Freeland said: “We have been sharing, at a technical level, details of how Ceta works.”

However, she said securing such deals was “very, very complicated. There are 300 trade negotiators in Canada. It takes a big expert team to negotiate trade agreements.”

The UK does not have the expertise to negotiate trade deals, as for decades agreements have been conducted at EU level. Whitehall is scouring business, the European commission, and friendly countries including Canada for trade specialists to help lead talks.

The government has said it plans to hire up to 300 staff to try to address a shortage of trade negotiators capable of forging closer economic ties to dozens of other countries. Oliver Letwin, who was going to run the Brexit unit before losing his role in Theresa May’s cabinet overhaul, told the BBC: “We don’t have trade negotiators because the trade negotiation has been going on in the EU so we are going to have to hire a whole – David Davis is going to have to hire – group to deal with the EU negotiations, and Liam Fox, of course, in what I think is an excellent plan of Theresa’s to create a new Department of International Trade.”

Global trade deals will be bigger outside than in the EU, says David Davis

Gregor Irwin, chief economist at the Global Counsel consultancy and a former chief economist at the Foreign and Commonwealth Office, said the government had people who understood trade policy, but did not have negotiators.

“No doubt people will have to be brought in from outside. They will look to get people wherever they can find them, and Canada and New Zealand would be good places to look. This is a huge agenda and it’s a long process.”

Davis has said that article 50, the formal process for negotiating the UK’s exit from the EU, should not be triggered until the end of the year, from when Britain would have two years to negotiate its trading terms with the 27-nation bloc.

Canada took seven years to finalise its deal with the EU and it is not expected to be implemented until 2017.

A top US trade official said on Thursday that he had held preliminary discussions with British officials about how the two countries could pursue bilateral trade relations post Brexit.

Freeland said Canada had secured a “gold standard” deal with the EU. However, she made clear that while it had secured “ambitious services agreements”, it would not enjoy the same level of “passporting” that the UK currently has as a member state – a status that enables banks and financial services businesses to trade freely.

The Canadian deal also does not offer the same level of freedom of movement for professionals as that within EU member states. While the control of borders and worker movement is something Brexiters have argued for, Freeland said: “Canada’s position is to be ambitious in mobility. We think that facilitates trade.”

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By *LCC OP Couple
over a year ago

Cambridge

"So since the OP the G20 has said that Brexit is a risk to the world economy, which is a view shared by the IMF.

Also we've seen the first data that the economy is shrinking from the purchasing managers indices. In fact shrinking at the fastest rate in its 20 year history.

The beginning of worrying trends.

I'm also confused by your comment about the economy shrinking. I read growth was only going to be slightly down on last year. Doesn't growth mean the opposite to shrinking?

No. You said the UK wouldn't survive outside the EU.

All that aside I still await your edjumacation of me on the matters above.

All that is your opinion only and you still haven't educated me.

And you still have't explained why growth in the economy means the economy is shrinking in your world.

I'm really struggling with both the above and,if I didn't know better, I would think you was avoiding answering the questions because you can't."

No, you see here is the fundamental difference between Brexiters and Remainers, these aren't my opinions, they are expert opinions from the G20, IMF, the World Bank, OECD, Bank of England etc. There isn't one credible economic school of thought that supports Brexit.

Of course Britain has a major affect on the rest of the world's economy, I have never said that it doesn't. But other countries do too, if Germany had voted to leave the EU instead of the UK, that too would have an impact on the world's economy.

So really your asking a question about a statement that I never made, and I have never heard any person say that the UK economy isn't important.

In regards to the economy shrinking you can read about it here in the Wall Street Journal

http://www.wsj.com/articles/eurozone-economy-continued-to-expand-in-july-1469177599

And in the Business Insider:

http://uk.businessinsider.com/brexit-aftermath-united-kingdom-flash-pmi-july-2016-7

And in the Financial Times:

next.ft.com/content/0ad2e3a1-8157-34da-b199-818801e52957

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By (user no longer on site)
over a year ago

"So since the OP the G20 has said that Brexit is a risk to the world economy, which is a view shared by the IMF.

Also we've seen the first data that the economy is shrinking from the purchasing managers indices. In fact shrinking at the fastest rate in its 20 year history.

The beginning of worrying trends.

I'm also confused by your comment about the economy shrinking. I read growth was only going to be slightly down on last year. Doesn't growth mean the opposite to shrinking?

No. You said the UK wouldn't survive outside the EU.

All that aside I still await your edjumacation of me on the matters above.

All that is your opinion only and you still haven't educated me.

And you still have't explained why growth in the economy means the economy is shrinking in your world.

I'm really struggling with both the above and,if I didn't know better, I would think you was avoiding answering the questions because you can't.

So really your asking a question about a statement that I never made, and I have never heard any person say that the UK economy isn't important.

In regards to the economy shrinking you can read about it here in the Wall Street Journal

http://www.wsj.com/articles/eurozone-economy-continued-to-expand-in-july-1469177599

And in the Business Insider:

http://uk.businessinsider.com/brexit-aftermath-united-kingdom-flash-pmi-july-2016-7

And in the Financial Times:

next.ft.com/content/0ad2e3a1-8157-34da-b199-818801e52957"

That means nothing. If an economy is growing, how can it be shrinking? What is it about that you don't get?

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By *LCC OP Couple
over a year ago

Cambridge

"So since the OP the G20 has said that Brexit is a risk to the world economy, which is a view shared by the IMF.

Also we've seen the first data that the economy is shrinking from the purchasing managers indices. In fact shrinking at the fastest rate in its 20 year history.

The beginning of worrying trends.

I'm also confused by your comment about the economy shrinking. I read growth was only going to be slightly down on last year. Doesn't growth mean the opposite to shrinking?

No. You said the UK wouldn't survive outside the EU.

All that aside I still await your edjumacation of me on the matters above.

All that is your opinion only and you still haven't educated me.

And you still have't explained why growth in the economy means the economy is shrinking in your world.

I'm really struggling with both the above and,if I didn't know better, I would think you was avoiding answering the questions because you can't.

So really your asking a question about a statement that I never made, and I have never heard any person say that the UK economy isn't important.

In regards to the economy shrinking you can read about it here in the Wall Street Journal

http://www.wsj.com/articles/eurozone-economy-continued-to-expand-in-july-1469177599

And in the Business Insider:

http://uk.businessinsider.com/brexit-aftermath-united-kingdom-flash-pmi-july-2016-7

And in the Financial Times:

next.ft.com/content/0ad2e3a1-8157-34da-b199-818801e52957

That means nothing. If an economy is growing, how can it be shrinking? What is it about that you don't get?"

That data shows that the economy is SHRINKING not GROWING! What is it that you don't get? That data shows 1 month of negative growth (negative growth = shrinking economy, positive growth = growing economy), another 5 months of the same and that will officially be a recession (a recession is 2 consecutive quarters of negative growth).

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By *isandreTV/TS
over a year ago

Hartlepool

In any case, isn't the real issue is not whether there is growth but whther that rate of growth could have been better.

Pre Brexit there could be a situation where the world economy was growing by 1.6%, the EU by 1.6% and the UK by 1.6%.

As a result of the Brexit vote it affects the world - growth now 1.4%

the EU - growth now 0.8%

and the UK - growth now 1.1%.

It is an idiot who thinks that is a triumph simply because you are growing better than the EU.

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By *rankOfileMan
over a year ago

France

The Prime minister may well have made a Tory pledge. It wont be the first not to have been fulfilled. The Swiss had a referendum 18 months ago about the freedom of movement and the single market. They too lost the vote and are now in the very difficult situation of not being able to deliver what the country wanted in that vote. They have a much harder situation on immigration as 1 in 4 of the Swiss population is an immigrant. yet in Britain its just 0.5 of the population. The future will be interesting in Britain but somehow I think the brexit camp will be dissapointed. Just this weekend the hold up in Dover has been blamed on the attacks in Nice.......I don't believe that for one moment. I live in France and the security level is on red and has been since the Paris attacks. This is the French making a point about freedom of movement. No delays on the Spanish and Italian or Swiss borders.

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By *isandreTV/TS
over a year ago

Hartlepool

Indeed.

I wonder about the actions of the PM.

I am not a student of political history, or the Constitution, but I thought that the Treaty or Treaties that formed the United Kingdom did a few things.

They retained the status of Scotland and Ireland as countries in their own right. I don't know if it is correct to say they are independent countries because the treaties mainly contained economic and trade agreements and integration. They did however ensure that the legal systems of each country was retained.

The other thing they did was make the Parliament at Westminster the supreme Sovereign body of the country.

That is the Parliament, not the people. I wonder, if May were to invoke Article 50 without Parliaments agreement whether that would break that much earlier Treaty and invalidate the Union?

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By (user no longer on site)
over a year ago

"So since the OP the G20 has said that Brexit is a risk to the world economy, which is a view shared by the IMF.

Also we've seen the first data that the economy is shrinking from the purchasing managers indices. In fact shrinking at the fastest rate in its 20 year history.

The beginning of worrying trends.

I'm also confused by your comment about the economy shrinking. I read growth was only going to be slightly down on last year. Doesn't growth mean the opposite to shrinking?

No. You said the UK wouldn't survive outside the EU.

All that aside I still await your edjumacation of me on the matters above.

All that is your opinion only and you still haven't educated me.

And you still have't explained why growth in the economy means the economy is shrinking in your world.

I'm really struggling with both the above and,if I didn't know better, I would think you was avoiding answering the questions because you can't.

So really your asking a question about a statement that I never made, and I have never heard any person say that the UK economy isn't important.

In regards to the economy shrinking you can read about it here in the Wall Street Journal

http://www.wsj.com/articles/eurozone-economy-continued-to-expand-in-july-1469177599

And in the Business Insider:

http://uk.businessinsider.com/brexit-aftermath-united-kingdom-flash-pmi-july-2016-7

And in the Financial Times:

next.ft.com/content/0ad2e3a1-8157-34da-b199-818801e52957"

It is still just opinion, only the ones you quote are opinions of a few people who read a book. No facts.

The economy is expected to grow this year.

Basically teacher. You failed. You're fired

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By *horehouseCouple
over a year ago

dissatisfied

"So since the OP the G20 has said that Brexit is a risk to the world economy, which is a view shared by the IMF.

Also we've seen the first data that the economy is shrinking from the purchasing managers indices. In fact shrinking at the fastest rate in its 20 year history.

The beginning of worrying trends.

I'm also confused by your comment about the economy shrinking. I read growth was only going to be slightly down on last year. Doesn't growth mean the opposite to shrinking?

No. You said the UK wouldn't survive outside the EU.

All that aside I still await your edjumacation of me on the matters above.

All that is your opinion only and you still haven't educated me.

And you still have't explained why growth in the economy means the economy is shrinking in your world.

I'm really struggling with both the above and,if I didn't know better, I would think you was avoiding answering the questions because you can't.

So really your asking a question about a statement that I never made, and I have never heard any person say that the UK economy isn't important.

In regards to the economy shrinking you can read about it here in the Wall Street Journal

http://www.wsj.com/articles/eurozone-economy-continued-to-expand-in-july-1469177599

And in the Business Insider:

http://uk.businessinsider.com/brexit-aftermath-united-kingdom-flash-pmi-july-2016-7

And in the Financial Times:

next.ft.com/content/0ad2e3a1-8157-34da-b199-818801e52957

It is still just opinion, only the ones you quote are opinions of a few people who read a book. No facts.

The economy is expected to grow this year.

Basically teacher. You failed. You're fired

And where are your facts to support your opinions ? ...you're not a celebrity get yourself out of here !!!!!!!!

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By *LCC OP Couple
over a year ago

Cambridge

"So since the OP the G20 has said that Brexit is a risk to the world economy, which is a view shared by the IMF.

Also we've seen the first data that the economy is shrinking from the purchasing managers indices. In fact shrinking at the fastest rate in its 20 year history.

The beginning of worrying trends.

I'm also confused by your comment about the economy shrinking. I read growth was only going to be slightly down on last year. Doesn't growth mean the opposite to shrinking?

No. You said the UK wouldn't survive outside the EU.

All that aside I still await your edjumacation of me on the matters above.

All that is your opinion only and you still haven't educated me.

And you still have't explained why growth in the economy means the economy is shrinking in your world.

I'm really struggling with both the above and,if I didn't know better, I would think you was avoiding answering the questions because you can't.

So really your asking a question about a statement that I never made, and I have never heard any person say that the UK economy isn't important.

In regards to the economy shrinking you can read about it here in the Wall Street Journal

http://www.wsj.com/articles/eurozone-economy-continued-to-expand-in-july-1469177599

And in the Business Insider:

http://uk.businessinsider.com/brexit-aftermath-united-kingdom-flash-pmi-july-2016-7

And in the Financial Times:

next.ft.com/content/0ad2e3a1-8157-34da-b199-818801e52957

It is still just opinion, only the ones you quote are opinions of a few people who read a book. No facts.

The economy is expected to grow this year.

Basically teacher. You failed. You're fired

Its not opinion, its economic data. This is the only data published since the referendum, and it shows negative growth. You say the economy is "expected" to grow, that is more of an opinion than a fact of something that has already happened.

The IMF is expecting growth, less growth than had we voted to remain, but grow none the less. The data from the PMI however has shown negative growth already.

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By (user no longer on site)
over a year ago

The IMF has 'forecast' (aka guessed) the following:

"The global economy is projected to expand 3.1 percent this year and 3.4 percent in 2017"

" The U.K. economy will expand 1.7 percent this year, ..... 0.2 percentage point less than forecast in April."

So they got that forecast wrong then ...

"[2017] the nation’s growth will slow to 1.3 percent, down 0.9 point from the April estimate"

Ah so now its an estimate not a forecast....

"For the euro area, the Fund raised its forecast by 0.1 point this year, to 1.6 percent, and lowered it by 0.2 point in 2017, to 1.4 percent."

So a post - Brexit UK will outgrow the Eurozone then ...

For those struggling with the concept of 'recession' the IMF does not mention it, neither does the Bank of England, PWC or anyone else as it happens.

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By (user no longer on site)
over a year ago

And another reality check for some on here:

Markit, the folks who do the PMI forecasts (its that word again) are a private business who make money out of changes in economic activity. Its what they do. One has to challenge just why they felt the need to issue a 'flash forecast' which is something they never do. Some competitors have called it a 'Brand building exercise'. And a bloody dangerous one as well.

The people reported in a source quoted above (like the BBC did) that 'the economy' deteriorated' are wrong. It didn't and neither could it have in a week and here is why:

The PMI is an analysis of 600 people. Yes just 600. They are all making individual forecasts (its that word again) and the PMI amalgamates those numbers. This 'flash' analysis was, as reported, 'a preliminary report' done in the week immediately after the Brexit vote when everything went tits up and we didn't have a Government. That huge uncertainty has been removed. Since then markets have shot up to a 52 week high and Sterling has stabilised albeit 10% (trade weighted) lower (which is good and bad) thousands of new jobs and massive new inward investments announced.

So those 'Remainers' gloating in the supposed glory of Schadenfreude need to maybe know who they are quoting, the background and the detail. The British economy has NOT deteriorated by any independent measure. And given the Bank of England kept interest rates unchanged and there has been no QE activity or 'panic budgets' there is NO indication of a major slowdown as reported.

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By *isandreTV/TS
over a year ago

Hartlepool

"The IMF has 'forecast' (aka guessed) the following:

"The global economy is projected to expand 3.1 percent this year and 3.4 percent in 2017"

" The U.K. economy will expand 1.7 percent this year, ..... 0.2 percentage point less than forecast in April."

So they got that forecast wrong then ...

"[2017] the nation’s growth will slow to 1.3 percent, down 0.9 point from the April estimate"

Ah so now its an estimate not a forecast....

"For the euro area, the Fund raised its forecast by 0.1 point this year, to 1.6 percent, and lowered it by 0.2 point in 2017, to 1.4 percent."

So a post - Brexit UK will outgrow the Eurozone then ...

For those struggling with the concept of 'recession' the IMF does not mention it, neither does the Bank of England, PWC or anyone else as it happens."

Are you saying a lower growth of the uk economy post brexit than would have occurred if we remain in the EU is a good thing simply because it is a better rate than the euro zone growth?

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By *LCC OP Couple
over a year ago

Cambridge

"The IMF has 'forecast' (aka guessed) the following:

"The global economy is projected to expand 3.1 percent this year and 3.4 percent in 2017"

" The U.K. economy will expand 1.7 percent this year, ..... 0.2 percentage point less than forecast in April."

So they got that forecast wrong then ...

"[2017] the nation’s growth will slow to 1.3 percent, down 0.9 point from the April estimate"

Ah so now its an estimate not a forecast....

"For the euro area, the Fund raised its forecast by 0.1 point this year, to 1.6 percent, and lowered it by 0.2 point in 2017, to 1.4 percent."

So a post - Brexit UK will outgrow the Eurozone then ...

For those struggling with the concept of 'recession' the IMF does not mention it, neither does the Bank of England, PWC or anyone else as it happens.

Are you saying a lower growth of the uk economy post brexit than would have occurred if we remain in the EU is a good thing simply because it is a better rate than the euro zone growth?"

Doesn't that kind of prove that we are all better off when we work together?

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By *LCC OP Couple
over a year ago

Cambridge

"And another reality check for some on here:

The people reported in a source quoted above (like the BBC did) that 'the economy' deteriorated' are wrong. It didn't and neither could it have in a week and here is why:

HornyAs, how many people pay you for your economic forcasts? It seems strange that you seem to think you know more than the IMF, PMI, OECD, G20, World Bank etc. etc. These organisations collectively have thousands of years of experience, industry experience, academic achievements, Nobel prizes etc. I was just wondering what qualifies you to think you know more than them about the economy?

Or if you are not espousing your own opinion, but that of a world renowned, independent financial institution, please tell me which one.

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By *rankOfileMan
over a year ago

France

[Removed by poster at 26/07/16 10:08:54]

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By *rankOfileMan
over a year ago

France

What utter nonsense who's payroll are you on........the KGB?

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By *LCC OP Couple
over a year ago

Cambridge

"What utter nonsense who's payroll are you on........the KGB?"

Which bit are you disputing? The statement put out by the heads of state of the other EU member states?

The data from the PMI?

The statement from the Royal Society?

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By (user no longer on site)
over a year ago

"So since the OP the G20 has said that Brexit is a risk to the world economy, which is a view shared by the IMF.

Also we've seen the first data that the economy is shrinking from the purchasing managers indices. In fact shrinking at the fastest rate in its 20 year history.

The beginning of worrying trends.

I'm also confused by your comment about the economy shrinking. I read growth was only going to be slightly down on last year. Doesn't growth mean the opposite to shrinking?

No. You said the UK wouldn't survive outside the EU.

All that aside I still await your edjumacation of me on the matters above.

All that is your opinion only and you still haven't educated me.

And you still have't explained why growth in the economy means the economy is shrinking in your world.

I'm really struggling with both the above and,if I didn't know better, I would think you was avoiding answering the questions because you can't.

So really your asking a question about a statement that I never made, and I have never heard any person say that the UK economy isn't important.

In regards to the economy shrinking you can read about it here in the Wall Street Journal

http://www.wsj.com/articles/eurozone-economy-continued-to-expand-in-july-1469177599

And in the Business Insider:

http://uk.businessinsider.com/brexit-aftermath-united-kingdom-flash-pmi-july-2016-7

And in the Financial Times:

next.ft.com/content/0ad2e3a1-8157-34da-b199-818801e52957

It is still just opinion, only the ones you quote are opinions of a few people who read a book. No facts.

The economy is expected to grow this year.

Basically teacher. You failed. You're fired

And where are your facts to support your opinions ? ...you're not a celebrity get yourself out of here !!!!!!!! "

I only ever give my opinion and never pretend otherwise. In this instance I asked someone to back up their facts which it turns out are all based on others peoples opinions.

The only fact is there are no facts either side and there wont be for a considerable amount of time.

And how do you know if I'm a celebrity

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By (user no longer on site)
over a year ago

" HornyAs, how many people pay you for your economic forcasts?"

Oh dear. You seem to be having difficulty understanding that when someone describes the background to a 'forecast' they are engaged in 'forecasts'. Maybe show us all where said 'forecast' was made? Oh wait no you are changing the context ...again.

" It seems strange that you seem to think you know more than the IMF, PMI, OECD, G20, World Bank etc. etc. These organisations collectively have thousands of years of experience, industry experience, academic achievements, Nobel prizes etc."

Where did I say I knew more? I never did. What I did was to put the 'PMI' so called forecast into context and explain where it comes from. I never mentioned the others but you just did to somehow 'embellish' your personal comments rather than discuss the issues.

You make yourself look less than informed when you say 'thousands of years of experience. Really? Try 200 years combined.

* IMF formed in 1945

* OECD formed in 1960

* World Bank formed in 1945

* The PMI is a survey not a body. It is issued by an offshore private company called 'Markit' engaged in 'Credit Derivative Pricing' which was started in 2003.

* The G20 does not make forecasts. It is an inter-Governmental grouping.

And not one Nobel Peace Prize between them..

Why do you exaggerate so?

" I was just wondering what qualifies you to think you know more than them about the economy?"

Well forgive me reminding you (again) but I was just putting the PMI survey in context for others to understand. I never mentioned the others. Again YOU did not me.

But what qualifies me? So we are not allowed to challenge the so called experts who have been proved wrong so many times? We are not allowed our own thoughts and experiences and we must follow slavishly what our 'betters' tell us? Sorry it was 17.4 million people like me challenged the 'Established View' from these people when they tried to crush democracy with 'Project Fear'. The 'Established View' who are sucking Southern Europe dry and killing democracy in Greece. You quietly forget it was all these people who said we should join the ERM and how the heavens would fall in if we failed to join the Euro remember? And all these so called experts who never saw the 2008 / 09 crash coming.

Again when someone makes your comment look less than informed you add stuff on to confuse the discussion and detract from the detail of what someone has said. I talked about the PMI survey. So you bring in IMF, OECD, world Bank. You forgot Uncle Tom Cobbley ...

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By (user no longer on site)
over a year ago

Falling apart?

Not ONE pre-referendum forecast of doom and gloom and economic collapse has been proved correct. In fact quite the opposite. The real barometer of economic health in the UK is the FTSE. Both the 100 and 350 are at 52 week highs. The 250 (which is an even better UK industry barometer)has totally reagined its panic loss of June 27th and is now where it was 11 months ago. Its all here:

http://www.bbc.co.uk/news/business/markets/europe/lse_mcx

The Referendum did not damage exports and just locally here Ipswich port has seen a 50% increase in bulk exports of wheat to 550,000 tonnes in 6 months to name one commodity. In May alone some 63,000 tonnes were sold to the USA where British wheat outsells West Coast wheat. The drop in Sterling will only improve sales.

Some on here confuse a survey of 600 retained people giving forecasts by an offshore company engaged in selling information and Derivatives with a report on economic fact.

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By *LCC OP Couple
over a year ago

Cambridge

" HornyAs, how many people pay you for your economic forcasts?

It seems strange that you seem to think you know more than the IMF, PMI, OECD, G20, World Bank etc. etc. These organisations collectively have thousands of years of experience, industry experience, academic achievements, Nobel prizes etc.

You make yourself look less than informed when you say 'thousands of years of experience. Really? Try 200 years combined.

* IMF formed in 1945

* OECD formed in 1960

* World Bank formed in 1945

* The PMI is a survey not a body. It is issued by an offshore private company called 'Markit' engaged in 'Credit Derivative Pricing' which was started in 2003.

* The G20 does not make forecasts. It is an inter-Governmental grouping.

And not one Nobel Peace Prize between them..

Why do you exaggerate so?

I was just wondering what qualifies you to think you know more than them about the economy?

Well forgive me reminding you (again) but I was just putting the PMI survey in context for others to understand. I never mentioned the others. Again YOU did not me.

Thousands of years of experience, yes, because those organisations have more than one employee! Do you really think that there are only Nobel prizes for peace? No, I was referring to the Nobel Prize for Economics. As you can read here, 10 of them signed a letter stating“Brexit would create major uncertainty about Britain’s alternative future trading arrangements, both with the rest of Europe and with important markets like the USA, Canada and China, and these effects, though one-off, would persist for many years. Thus the economic arguments are clearly in favour of remaining in the EU,”

http://www.theguardian.com/politics/2016/jun/19/eu-referendum-nobel-prize-winning-economists-warn-of-long-term-brexit-damage

You have constantly and consistently ridiculed the expert advice from such organisations. If there was a differencing of opinion between such organisations about if Brexit would be good for the economy, or bad, then perhaps I could understand, but you can’t find a single credible financial institution that says that Brexit is good for the economy. So your only excuse is to use the argument of a former education secretary who said “who needs experts?”. When you visit a doctor would you like to see an expert? When you have your boiler services would you like an expert? When you have the brakes changed on your car would you like an expert? When you go on holiday would you like an expert flying the plane?

The Brexit campaign grabbed the "Project Fear” label first and attached it to the Remain camp, but it fits just as well on the Brexit campaign. Fear the foreigners, they are stealing your jobs and benefits, Fear Brussels, they make all the laws, Fear the experts, just trust your instincts, Fear Turkey, they are going to join any minute, Fear a European Army etc etc.

If you want to focus solely on the PMI survey then, will you admit that the PMI survey showed negative growth in the economy?

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By *LCC OP Couple
over a year ago

Cambridge

"So since the OP the G20 has said that Brexit is a risk to the world economy, which is a view shared by the IMF.

Also we've seen the first data that the economy is shrinking from the purchasing managers indices. In fact shrinking at the fastest rate in its 20 year history.

The beginning of worrying trends.

I'm also confused by your comment about the economy shrinking. I read growth was only going to be slightly down on last year. Doesn't growth mean the opposite to shrinking?

No. You said the UK wouldn't survive outside the EU.

All that aside I still await your edjumacation of me on the matters above.

All that is your opinion only and you still haven't educated me.

And you still have't explained why growth in the economy means the economy is shrinking in your world.

I'm really struggling with both the above and,if I didn't know better, I would think you was avoiding answering the questions because you can't.

So really your asking a question about a statement that I never made, and I have never heard any person say that the UK economy isn't important.

In regards to the economy shrinking you can read about it here in the Wall Street Journal

http://www.wsj.com/articles/eurozone-economy-continued-to-expand-in-july-1469177599

And in the Business Insider:

http://uk.businessinsider.com/brexit-aftermath-united-kingdom-flash-pmi-july-2016-7

And in the Financial Times:

next.ft.com/content/0ad2e3a1-8157-34da-b199-818801e52957

It is still just opinion, only the ones you quote are opinions of a few people who read a book. No facts.

The economy is expected to grow this year.

Basically teacher. You failed. You're fired

And where are your facts to support your opinions ? ...you're not a celebrity get yourself out of here !!!!!!!!

I only ever give my opinion and never pretend otherwise. In this instance I asked someone to back up their facts which it turns out are all based on others peoples opinions.

The only fact is there are no facts either side and there wont be for a considerable amount of time.

And how do you know if I'm a celebrity

The clearest fact here is that you cannot understand the difference between economic data, and opinion. You also think that you opinion is just as valid on the economy as the worlds foremost economic institutions, which seems incredibly arrogant to me, but that really is just my humble opinion.

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By *LCC OP Couple
over a year ago

Cambridge

"Falling apart?

http://www.bbc.co.uk/news/business/markets/europe/lse_mcx

Some on here confuse a survey of 600 retained people giving forecasts by an offshore company engaged in selling information and Derivatives with a report on economic fact."

Really, exporting more wheat in July than in December, wow! Truly amazing, I see that you agricultural knowledge equals your impressive economic knowledge.

Before you said that data like share value wasn’t important when I mentioned about the 30% fall in the share price of Barratt. Now you say that it is important, so which one is it?

There has only been one set of economic data released since the referendum result, the PMI, and that showed negative growth in the economy. Lets see what the results are after 3 or 6 months of data post referendum. For the UK economy to be in a recession there needs to be two consecutive quarters of negative growth, as that takes at least 6 months, its hardly a surprise that we haven’t seen it yet after 1 month.

As others have mentioned though, its not about whether the economy is growing or shrinking, or how our growth rate relates to other countries. The key question is, would we have grown more or less if we stayed in the EU.

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By (user no longer on site)
over a year ago

"Falling apart?

http://www.bbc.co.uk/news/business/markets/europe/lse_mcx

Some on here confuse a survey of 600 retained people giving forecasts by an offshore company engaged in selling information and Derivatives with a report on economic fact.

Really, exporting more wheat in July than in December, wow! Truly amazing, I see that you agricultural knowledge equals your impressive economic knowledge.

Before you said that data like share value wasn’t important when I mentioned about the 30% fall in the share price of Barratt. Now you say that it is important, so which one is it?

Less

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By (user no longer on site)
over a year ago

" Really, exporting more wheat in July than in December, wow! Truly amazing, I see that you agricultural knowledge equals your impressive economic knowledge."

Oh how very clever of you .. sarcasm is really the lowest form of wit so I shouldn't be surprised. Just more petty point scoring and no serious debate. Moving swiftly on...

" Before you said that data like share value wasn’t important when I mentioned about the 30% fall in the share price of Barratt. Now you say that it is important, so which one is it?"

You mislead people on what has been said (again) but given Barrett and the rest have more than recovered earlier shocks as the FTSE climbed and are now trading above pre-referendum prices you just made yourself look 'less than informed'.

" There has only been one set of economic data released since the referendum result, the PMI, and that showed negative growth in the economy."

You really don't get it do you? You show total ignorance of what the 'PMI Survey' is. It is NOT a report on what the economy is doing or has done. It is a survey of 600 'forecasts' by a company making its first 'flash survey' ever to create a demand for the services of a company called Markit!! You know those 'forecast' things that no one in the Remain side got right?

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By *LCC OP Couple
over a year ago

Cambridge

" Really, exporting more wheat in July than in December, wow! Truly amazing, I see that you agricultural knowledge equals your impressive economic knowledge.

Oh how very clever of you .. sarcasm is really the lowest form of wit so I shouldn't be surprised. Just more petty point scoring and no serious debate. Moving swiftly on...

Before you said that data like share value wasn’t important when I mentioned about the 30% fall in the share price of Barratt. Now you say that it is important, so which one is it?

There has only been one set of economic data released since the referendum result, the PMI, and that showed negative growth in the economy.

Well it seems as though we will have to agree to disagree on the PMI survey then. I say that it is a report of what purchasing managers have purchased, thus is real economic data, you think that its just made up.

You say that I am the one who likes to confuse things, lets see if there is at least one concrete thing that we can agree on?

Barratt Developments Plc share price: Thursday 23rd June (day of the referendum, but before the result was announced) share price of 577.50. The share price on Wednesday 6th July 332.60. The share price at 8:30am this morning, 407.01. Are those figures correct or not? Do you agree that the share price of Barratt Developments Plc has not recovered to its pre-referendum result? Surely this is something that we can agree on?

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By (user no longer on site)
over a year ago

"So since the OP the G20 has said that Brexit is a risk to the world economy, which is a view shared by the IMF.

Also we've seen the first data that the economy is shrinking from the purchasing managers indices. In fact shrinking at the fastest rate in its 20 year history.

The beginning of worrying trends.

I'm also confused by your comment about the economy shrinking. I read growth was only going to be slightly down on last year. Doesn't growth mean the opposite to shrinking?

No. You said the UK wouldn't survive outside the EU.

All that aside I still await your edjumacation of me on the matters above.

All that is your opinion only and you still haven't educated me.

And you still have't explained why growth in the economy means the economy is shrinking in your world.

I'm really struggling with both the above and,if I didn't know better, I would think you was avoiding answering the questions because you can't.

So really your asking a question about a statement that I never made, and I have never heard any person say that the UK economy isn't important.

In regards to the economy shrinking you can read about it here in the Wall Street Journal

http://www.wsj.com/articles/eurozone-economy-continued-to-expand-in-july-1469177599

And in the Business Insider:

http://uk.businessinsider.com/brexit-aftermath-united-kingdom-flash-pmi-july-2016-7

And in the Financial Times:

next.ft.com/content/0ad2e3a1-8157-34da-b199-818801e52957

It is still just opinion, only the ones you quote are opinions of a few people who read a book. No facts.

The economy is expected to grow this year.

Basically teacher. You failed. You're fired

And where are your facts to support your opinions ? ...you're not a celebrity get yourself out of here !!!!!!!!

I only ever give my opinion and never pretend otherwise. In this instance I asked someone to back up their facts which it turns out are all based on others peoples opinions.

The only fact is there are no facts either side and there wont be for a considerable amount of time.

And how do you know if I'm a celebrity

I fully understand the difference between opinion and data thankyou. I also work with figures and data on a daily basis and guess what? I can make that data say whatever I want it to.

I believe anyones opinion on the economy is valid. Even yours! It is after all, just opinion.

My opinion pre referendum was a leave vote would result in short term pain for long term gain. So I had two options.

1 Be selfish and put myself first.

2 Be selfless and put my children first.

I choose selfless. That is purely my opinion and no one can convince me it is wrong.

Likewise you had your opinion as to why you wanted to remain and no doubt you belive it was right.

Fact is the leave vote won. And a win is a win whether by an inch or a mile. So we are leaving.

End of.

I'm going back to ignoring you again

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By (user no longer on site)
over a year ago

" Well it seems as though we will have to agree to disagree on the PMI survey then. I say that it is a report of what purchasing managers have purchased, thus is real economic data, you think that its just made up."

Excuse me being blunt but that is a pathetic comment. I never said 'it was made up' at all. But hey why let facts get in the way of a tantrum? I said it was a survey of a set of forecasts by 600 people because THAT is what it is. It is a look forward as all forecasts are, It is NOT a report on economic events of today or yesterday or the last full moon!

" You say that I am the one who likes to confuse things, lets see if there is at least one concrete thing that we can agree on?

Yes I agree totally Barrett have not recovered as well as the other developers have. So your point IS exactly? I never mentioned them so why are you? One could also point out that their shares were at 511 on June 16th but hey ...

So that indicates to me the markets are seeing other fault lines in Barrett beyond Brexit but again forgive me but I said it was the FTSEs that had recovered their value not particularly Barrett or any individual share. Only a week ago you were shouting about other builders like Persimmon but you seem to have gone quiet on those. I wonder why? You conflate one thing into another to cause argument. Can you stop doing that?

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By *LCC OP Couple
over a year ago

Cambridge

You say that I am the one who likes to confuse things, lets see if there is at least one concrete thing that we can agree on?

The PMI is based on what that ACTUALLY ordered, not what they forecast they will order, do you know that? So it's not a forcast, its a report of what they ordered.

I thought just one share price was enough for you, but I'm happy to do Persimmon plc too. 23rd June their share price was 2,098.00, by 6th July it was 1,289.00 and at 8:30 this morning it was 1,589.44. So a fairly solid hammering of their share price.

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By *LCC OP Couple
over a year ago

Cambridge

"So since the OP the G20 has said that Brexit is a risk to the world economy, which is a view shared by the IMF.

Also we've seen the first data that the economy is shrinking from the purchasing managers indices. In fact shrinking at the fastest rate in its 20 year history.

The beginning of worrying trends.

I'm also confused by your comment about the economy shrinking. I read growth was only going to be slightly down on last year. Doesn't growth mean the opposite to shrinking?

No. You said the UK wouldn't survive outside the EU.

All that aside I still await your edjumacation of me on the matters above.

All that is your opinion only and you still haven't educated me.

And you still have't explained why growth in the economy means the economy is shrinking in your world.

I'm really struggling with both the above and,if I didn't know better, I would think you was avoiding answering the questions because you can't.

So really your asking a question about a statement that I never made, and I have never heard any person say that the UK economy isn't important.

In regards to the economy shrinking you can read about it here in the Wall Street Journal

http://www.wsj.com/articles/eurozone-economy-continued-to-expand-in-july-1469177599

And in the Business Insider:

http://uk.businessinsider.com/brexit-aftermath-united-kingdom-flash-pmi-july-2016-7

And in the Financial Times:

next.ft.com/content/0ad2e3a1-8157-34da-b199-818801e52957

It is still just opinion, only the ones you quote are opinions of a few people who read a book. No facts.

The economy is expected to grow this year.

Basically teacher. You failed. You're fired

And where are your facts to support your opinions ? ...you're not a celebrity get yourself out of here !!!!!!!!

I only ever give my opinion and never pretend otherwise. In this instance I asked someone to back up their facts which it turns out are all based on others peoples opinions.

The only fact is there are no facts either side and there wont be for a considerable amount of time.

And how do you know if I'm a celebrity

I fully understand the difference between opinion and data thankyou. I also work with figures and data on a daily basis and guess what? I can make that data say whatever I want it to.

I believe anyones opinion on the economy is valid. Even yours! It is after all, just opinion.

My opinion pre referendum was a leave vote would result in short term pain for long term gain. So I had two options.

1 Be selfish and put myself first.

2 Be selfless and put my children first.

I choose selfless. That is purely my opinion and no one can convince me it is wrong.

Likewise you had your opinion as to why you wanted to remain and no doubt you belive it was right.

Fact is the leave vote won. And a win is a win whether by an inch or a mile. So we are leaving.

End of.

I'm going back to ignoring you again

We'll have to wait and see what happens, maybe the UK will leave the EU, maybe just England and Wales will leave, maybe we will all stay.

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By (user no longer on site)
over a year ago

[Removed by poster at 26/07/16 14:02:35]

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By (user no longer on site)
over a year ago

You say that I am the one who likes to confuse things, lets see if there is at least one concrete thing that we can agree on?

The PMI is based on what that ACTUALLY ordered, not what they forecast they will order, do you know that? So it's not a forcast, its a report of what they ordered.

Look I have tried to advise you as to what exactly the PMI survey is, who performs it and why they do. It is NOT a report on actual purchases at all but its a waste of time as you will just keep stamping your foot and saying it is something else and the pissing contest goes on ...

I mentioned the FTSEs not any particular share(s). You then get into ONE share and then ONE more and no doubt you will find another. Given the majority have recovered you are singling out exceptions right? Which by definition prove the rule right?

FTSEs are UP substantially, the 100 and 350 to a 12 month high. Am I right or wrong? Its really simple.

I am talking about a combined market of 700 companies in three different market sectors two of which are very directly UK focused and so the markets will reflect on them any downturns seen in the UK market. They haven't seen such downturns. So have they missed this PMI survey? Should we phone them up?

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By *ussieson susanTV/TS
over a year ago

falmouth

"Less than a month since the referendum and its already starting to unravel.

First there was the £350m for the NHS promise which was abandoned in minutes.

The pound has crashed which the NFU say will increase food prices as 60% of our food is imported. Holidays will be more expensive so will everyday goods such as clothing and electrical items.

We have seen a massive rise in hate crimes including physical attacks. Not a nice side of Britain at all.

Share prices in major house builders like barratts and persimmons have fallen by 30%

So let's wait and see what the next month brings.

Oh for gods sake Why can't the stay in wingers just back our country instead of moaning all the time Ever heard the sayin Rome Was Not Built In A Day Anything is better then being tied to a non democratic bunch of wankers What do you think this country did before we joined We had a country that achieved Had the best engineers in the world and the best products you could buy made in this country Since joining the EU we became a nation of shopkeepers selling Chinese made crap and since when was China in the EU Get behind your country and stop bloody moaning

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By *LCC OP Couple
over a year ago

Cambridge

FTSEs are UP substantially, the 100 and 350 to a 12 month high. Am I right or wrong? Its really simple.

Well please continue to educate me on the PMI, here is the information direct form Markit:

"Factual

Based on responses to questions on actual business conditions, rather than opinion or confidence-based measurements”

"The questionnaire covers the following economic variables: Output, New orders, New export orders, Backlogs of work, Output prices, Overall input prices, Purchase prices, Staff costs, Suppliers’ delivery times, Quantity of purchases, Stocks of purchases, employment”

This is information from directly from Markit about what it is. Where are you getting your information about what it is or isn’t?

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By *LCC OP Couple
over a year ago

Cambridge

"Less than a month since the referendum and its already starting to unravel.

First there was the £350m for the NHS promise which was abandoned in minutes.

The pound has crashed which the NFU say will increase food prices as 60% of our food is imported. Holidays will be more expensive so will everyday goods such as clothing and electrical items.

We have seen a massive rise in hate crimes including physical attacks. Not a nice side of Britain at all.

Share prices in major house builders like barratts and persimmons have fallen by 30%

So let's wait and see what the next month brings.

Im fully behind the UK, thats why there are plenty of people trying to save it from ideologues who are trying to smash it to bits because they don’t like the EU. Why would you want to intentionally and knowingly damage the economy of the UK as has been mentioned above by EasyE30. To put the future of the UK its self at risk with possible splits with Scotland and NI? You are worried about the engineers, the ones that were working collaboratively across the EU and receiving research grants that have now been dropped like a hot potato and their partners are not wanting to work with them. You are worried about Chinese crap, but the Brexiters are cheering about a free trade deal with China. People were complaining about the affect that cheap Chinese steal was having on our manufacturing industry, well a free trade deal would make that steal even cheaper.

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By *rankOfileMan
over a year ago

France

my comment was aimed at Hornyas from Ipswich........the paid up member of UKIP

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By *ussieson susanTV/TS
over a year ago

falmouth

"Less than a month since the referendum and its already starting to unravel.

First there was the £350m for the NHS promise which was abandoned in minutes.

The pound has crashed which the NFU say will increase food prices as 60% of our food is imported. Holidays will be more expensive so will everyday goods such as clothing and electrical items.

We have seen a massive rise in hate crimes including physical attacks. Not a nice side of Britain at all.

Share prices in major house builders like barratts and persimmons have fallen by 30%

So let's wait and see what the next month brings.

FFS change the frigging record.

Everybody on here's just about had enough of your whinging and whining. It's turning into white noise

If you feel that strongly about it, then emigrate while you still can.

Ffs we suffered over 20 years of EU scepticism..so sorry you dont like differing views to your own but tough ..get over it there are different views and opinions to yours and they Will be expressed..

Only take my grapes by the bottle with less taxes on it cheers

Some of your posts make it very clear you have had a bottle or two too many.

Too true.

Australian red wine is the best in the world by far

There are many fine wines produced through out the world if you wish to be selective about where yours is from its only your loss ..

Tried the others and my preference is Austrailian Red. I don't see how drinking the ones I prefer is my loss

It must be said some European whines are particuarly bitter

French wine makers are looking to the uk to grow better grapes as they have sucked the life out of the ground Watched a documentary showing French growers tipping bags of household refuge at base of vines which included alkaline batteries No wonder French wine is now becoming plonk Some of the best wines are made in Cornwall

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By *otlovefun42Couple
over a year ago

Costa Blanca Spain...

"Less than a month since the referendum and its already starting to unravel.

First there was the £350m for the NHS promise which was abandoned in minutes.

The pound has crashed which the NFU say will increase food prices as 60% of our food is imported. Holidays will be more expensive so will everyday goods such as clothing and electrical items.

We have seen a massive rise in hate crimes including physical attacks. Not a nice side of Britain at all.

Share prices in major house builders like barratts and persimmons have fallen by 30%

So let's wait and see what the next month brings.

FFS change the frigging record.

Everybody on here's just about had enough of your whinging and whining. It's turning into white noise

If you feel that strongly about it, then emigrate while you still can.

Ffs we suffered over 20 years of EU scepticism..so sorry you dont like differing views to your own but tough ..get over it there are different views and opinions to yours and they Will be expressed..

Only take my grapes by the bottle with less taxes on it cheers

Some of your posts make it very clear you have had a bottle or two too many.

Too true.

Australian red wine is the best in the world by far

There are many fine wines produced through out the world if you wish to be selective about where yours is from its only your loss ..

Tried the others and my preference is Austrailian Red. I don't see how drinking the ones I prefer is my loss

It must be said some European whines are particuarly bitter

Sussex and Kent are doing great things as well, especially sparkling whites (Champagne really but don't tell the French).

I've never been a lover of Aussie wines. Far too much residual sugar and "teabagged oak" for my tastes.

If I drink new world wines I much prefer South Africa (some of the Stellenbosch reds are fantastic) Some decent reds come out of Chile, and for whites New Zealand takes an awful lot of beating. I also have a strong dislike for Californian, especially anything from the Gallo brothers. YUK.

Mostly though I do prefer European wines (yes folks you heard it from a Brixiter

) mostly Spanish and Italian with a small amount of carefully selected French.

I don't spend a fortune on a bottle, around a fiver here in Europe which averages to about what in Britain you would pay up to a tenner for, although I will push the boat out occasionally for a top Ribera del Duero or an Amarone.

Italian reds to look out for would include some of the Primitivo's from Puglia and I've had some great ones from Sicily.

Spanish reds would be Rioja reds, Crianza and Reserva if you like the more complex slightly oaky flavours, Jovens for summer afternoons served slightly chilled. They also do some decent rose's (but forget the whites)

Navarra does some great reds and some of the best rose's in the world at ridiculously cheap prices.

For decent Spanish whites you either have to drink a lot of battery acid before you find a decent one or take this advice. The Rueda region is producing some fantastic whites mostly using the Verdejo grape but some decent Sauvignon Blanc's as well at stupid (cheap) prices. I'm buying good ones that would give a good Chablis a run for under 3€.

France? well what can I say? Some of the more famous regions have become a bit of a legend in their own minds, especially Bordeaux and Burgundy. I've had some bloody awful Bordeaux's over the years and paid a lot of money only to be very disappointed. While Burgundy does produce a handful of decent reds and some very good whites (Chablis) a lot of it is pretty poor considering what you have to pay. If I am choosing French wines I tend to stick to the reds from Cotes du Rhone and Languedoc Rousillon (Corbiers and Fitou) which on a price quality ratio are way in front of the more famous regions.

After saying all of that if the EU want to play hardball then I would be more than happy to give them a kick in the grapes.

Just to pick up on the point about the soil. Most (if not all) grapes for wine prefer poor soil, that is one of the main reasons the best ones come from hillsides. Good drainage is much more important than soil richness.

Sorry if I've rambled on a bit but wine is a subject close to my heart and sometimes i just can;t stop typing.

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By *LCC OP Couple
over a year ago

Cambridge

Further evidence about the effect on science, quotes from the president of the Royal Society

"I cannot emphasise this strongly enough, because we are in a global market for talent,and if we are perceived as a xenophobic country, then we will be less attractive - not just for science and researchers - but also forinvestment, for business, for all sorts of things."

"We're hearing about UK researchers being excluded from collaborations because their other EU collaborators don't want to take on a UK-based researcher because they don't know what their status will be," said Prof Ramakrishnan.

"Of course, this isn't strictly speaking legal because we are still part of the EU. But you can't police this. If somebody doesn't want totake on a British researcher because they think it's too risky, they simply won't."

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By (user no longer on site)
over a year ago

"my comment was aimed at Hornyas from Ipswich........the paid up member of UKIP"

Yesterday you were saying I was in the KGB ...

I am not a member of UKIP and in fact I am a fully paid up member of the Conservative Party and have been for decades. We clear now?

Its a shame you can't add something helpful to the debate rather than make half arsed personal comments .. but hey whatever ...

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By *horehouseCouple
over a year ago

dissatisfied

"Further evidence about the effect on science, quotes from the president of the Royal Society

But surely the British have the right to go wherever they like in the world and work retire and generally cause trouble .just because the xenophobes dont want people in shouldn't stop people escaping .....

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By *horehouseCouple
over a year ago

dissatisfied

"my comment was aimed at Hornyas from Ipswich........the paid up member of UKIP

Yesterday you were saying I was in the KGB ...

I am not a member of UKIP and in fact I am a fully paid up member of the Conservative Party and have been for decades. We clear now?

Its a shame you can't add something helpful to the debate rather than make half arsed personal comments .. but hey whatever ...

You want to step back and listen to your self your drum banging is no better ..

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By (user no longer on site)
over a year ago

"my comment was aimed at Hornyas from Ipswich........the paid up member of UKIP

Yesterday you were saying I was in the KGB ...

I am not a member of UKIP and in fact I am a fully paid up member of the Conservative Party and have been for decades. We clear now?

Its a shame you can't add something helpful to the debate rather than make half arsed personal comments .. but hey whatever ...

You want to step back and listen to your self your drum banging is no better .."

Coming from a serial Britain basher I think that is a bit bloody rich Old Son. At least I stayed here, love my country and will work to make a success of Brexit. And I WILL argue against the naysayers and doom merchants that seem to spend their lives looking for any tit bit of bad news to prove they were right hoping this country will not succeed. But at least they stayed here and are fighting for what they believe in .... You just baled out for 'pastures green' and now spend your sad life slagging off the UK.

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By *horehouseCouple
over a year ago

dissatisfied

"Less than a month since the referendum and its already starting to unravel.

First there was the £350m for the NHS promise which was abandoned in minutes.

The pound has crashed which the NFU say will increase food prices as 60% of our food is imported. Holidays will be more expensive so will everyday goods such as clothing and electrical items.

We have seen a massive rise in hate crimes including physical attacks. Not a nice side of Britain at all.

Share prices in major house builders like barratts and persimmons have fallen by 30%

So let's wait and see what the next month brings.

It wasn't the EI that decimated British manufacturing industry ..the responsibility for that lies squarely on the thatcher government of the 80's ..the same right wingers who now want to finish it off with brexit .....

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By *horehouseCouple
over a year ago

dissatisfied

"my comment was aimed at Hornyas from Ipswich........the paid up member of UKIP

Yesterday you were saying I was in the KGB ...

I am not a member of UKIP and in fact I am a fully paid up member of the Conservative Party and have been for decades. We clear now?

Its a shame you can't add something helpful to the debate rather than make half arsed personal comments .. but hey whatever ...

You want to step back and listen to your self your drum banging is no better ..

Sad old son you're getting worse than the door beating Jehovah's witnesses ...

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By (user no longer on site)
over a year ago

"my comment was aimed at Hornyas from Ipswich........the paid up member of UKIP

Yesterday you were saying I was in the KGB ...

I am not a member of UKIP and in fact I am a fully paid up member of the Conservative Party and have been for decades. We clear now?

Its a shame you can't add something helpful to the debate rather than make half arsed personal comments .. but hey whatever ...

You want to step back and listen to your self your drum banging is no better ..

Sad old son you're getting worse than the door beating Jehovah's witnesses ... "

That was nearly funny ....

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By *horehouseCouple
over a year ago

dissatisfied

"my comment was aimed at Hornyas from Ipswich........the paid up member of UKIP

Yesterday you were saying I was in the KGB ...

I am not a member of UKIP and in fact I am a fully paid up member of the Conservative Party and have been for decades. We clear now?

Its a shame you can't add something helpful to the debate rather than make half arsed personal comments .. but hey whatever ...

You want to step back and listen to your self your drum banging is no better ..

Sad old son you're getting worse than the door beating Jehovah's witnesses ...

That was nearly funny ...."

Thought this one from the telegraph was..hope it's Devon fudge ...

Theresa May is preparing a Brexit fudge which will disappoint everyone

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By (user no longer on site)
over a year ago

Yes the country is really 'falling apart' according to the ONS:

"The UK economy grew by 0.6% in the three months to the end of June, as economic growth accelerated in the run-up to the vote to leave the EU.

Second-quarter gross domestic product grew faster than expected, and was up from 0.4% growth in the previous quarter, the Office for National Statistics (ONS) said.

Any uncertainty ahead of the referendum seemed to be "limited", the ONS said.

On an annual basis, growth was 2.2%, helped by a surge in manufacturing.

ONS chief economist Joe Grice said: "Continued strong growth across services, particularly in retailing, reinforced by healthy growth in the manufacture of cars and pharmaceuticals, boosted output in the second quarter.

"Any uncertainties in the run-up to the referendum seem to have had a limited effect. Very few respondents to ONS surveys cited such uncertainties as negatively impacting their businesses."

Not that the ONS are 'experts' of course ...

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By (user no longer on site)
over a year ago

I see GlaxoSmithKline is to invest £275 Mn to expand its UK manufacturing sites, saying the country remains "an attractive location" despite Brexit.

The pharmaceutical firm, whose chief executive Sir Andrew Witty backed the Remain campaign, said the UK's skilled workforce and competitive tax system helped drive the decision.

It said most of the products made at the expanded sites would be exported and said it expected its investment to create jobs.

The company has invested £750 Mn in new facilities over the past six years. This latest decision takes the total up to £1 Bn.

Do GSK do any research in the UK? I think they do ....

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By *LCC OP Couple
over a year ago

Cambridge

"Yes the country is really 'falling apart' according to the ONS:

"The UK economy grew by 0.6% in the three months to the end of June, as economic growth accelerated in the run-up to the vote to leave the EU.

Second-quarter gross domestic product grew faster than expected, and was up from 0.4% growth in the previous quarter, the Office for National Statistics (ONS) said.

Any uncertainty ahead of the referendum seemed to be "limited", the ONS said.

On an annual basis, growth was 2.2%, helped by a surge in manufacturing.

"Any uncertainties in the run-up to the referendum seem to have had a limited effect. Very few respondents to ONS surveys cited such uncertainties as negatively impacting their businesses."

Not that the ONS are 'experts' of course ...

The figures out today do look good, but I'm sure that you won't be surprised if I wait to see the next quarters results. Todays figures relate to approx 12 weeks of data, only 1 week was after the referendum.

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By (user no longer on site)
over a year ago

"Further evidence about the effect on science, quotes from the president of the Royal Society

I was intrigued by this quote and looked into it further. It turns out that Sir Venki Ramakrishnan (President of the Royal Society and Nobelprize winner) also added:

"The reality is that the UK is an incredibly strong science country and its membership of the EU is only one of many considerations that people take when they come here"

he also noted that any shortfall in funding when we leave the Eu would be restored by the British Government.

So there is your own source actually saying something a bit different to what was implied earlier ...

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By *horehouseCouple
over a year ago

dissatisfied

Show where your source from the government is for this is for this

he also noted that any shortfall in funding when we leave the Eu would be restored by the British Government.

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By (user no longer on site)
over a year ago

"Show where your source from the government is for this is for this

he also noted that any shortfall in funding when we leave the Eu would be restored by the British Government."

Do keep up Old Son ... try The Royal Society as I mentioned above ..

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By *LCC OP Couple
over a year ago

Cambridge

"Further evidence about the effect on science, quotes from the president of the Royal Society

I was intrigued by this quote and looked into it further. It turns out that Sir Venki Ramakrishnan (President of the Royal Society and Nobelprize winner) also added:

"The reality is that the UK is an incredibly strong science country and its membership of the EU is only one of many considerations that people take when they come here"

he also noted that any shortfall in funding when we leave the Eu would be restored by the British Government.

So there is your own source actually saying something a bit different to what was implied earlier ..."

He was asking the government to promise to match the funding. So they haven't confirmed that they will.

Its not just the funding though, its the collaboration with the other scientists.

I did give the name and the position in my post, so I don't know why you are acting like a great detective.

I don't really see how your quotes from him undermine my quotes anyway. Don't forget, those scientists who are currently attracted to the UK, and have the right to come and work here, may have that right and ability taken from them by Brexiters like you.

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By *horehouseCouple
over a year ago

dissatisfied

"Show where your source from the government is for this is for this

he also noted that any shortfall in funding when we leave the Eu would be restored by the British Government.

Do keep up Old Son ... try The Royal Society as I mentioned above ..

The key word was GOVERNMENT source old son you know the tory party in power

The Royal Society is a Fellowship of many of the world's most eminent scientists and is the oldest scientific academy in continuous existence

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By *LCC OP Couple
over a year ago

Cambridge

http://www.bbc.co.uk/news/science-environment-36898228

Here is the article I quoted from. As you will see if you read it, he is asking the government to promise to fund to the same level. That is quite the opposite of saying that the government will fund it.

Let's see if the government give the extra £350m to the NHS, the structural investment into places like Cornwall and Sheffield and Caerphilly, let's see if they give the same grants to the farmers etc. etc. As some on here like to describe it as our own money being recycled, it should be very easy for the government to make those spending commitments shouldn't it? Especially if you believe that the economy is growing.

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By *horehouseCouple
over a year ago

dissatisfied

Any news on this one yet or will this be another brexit casualty

Great Ormond Street Hospital warns over future of EU funding

Losing EU funding for medical research could cost the lives of some vulnerable children, Great Ormond Street Hospital (GOSH) has said.

Read more at http://guernseypress.com/news/uk-news/2016/07/21/great-ormond-street-hospital-warns-over-future-of-eu-funding/#cdq1TKIFSBWmA2vI.99

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By *entaur_UKMan
over a year ago

Cannock

"Yes the country is really 'falling apart' according to the ONS:

"The UK economy grew by 0.6% in the three months to the end of June, as economic growth accelerated in the run-up to the vote to leave the EU.

Second-quarter gross domestic product grew faster than expected, and was up from 0.4% growth in the previous quarter, the Office for National Statistics (ONS) said.

Any uncertainty ahead of the referendum seemed to be "limited", the ONS said.

On an annual basis, growth was 2.2%, helped by a surge in manufacturing.

"Any uncertainties in the run-up to the referendum seem to have had a limited effect. Very few respondents to ONS surveys cited such uncertainties as negatively impacting their businesses."

Not that the ONS are 'experts' of course ...

Yeah but it was pessimistic Remainers like you who were saying the uncertainty of the referendum would damage the UK economy during the referendum campaign. The official UK economic figures released today show quite the opposite, with the UK economy growing by 0.6% when previous forecasts predicted 0.5% or less. Looks like the Remain camp have been proved wrong (yet again).

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By *entaur_UKMan
over a year ago

Cannock

"I see GlaxoSmithKline is to invest £275 Mn to expand its UK manufacturing sites, saying the country remains "an attractive location" despite Brexit.

The pharmaceutical firm, whose chief executive Sir Andrew Witty backed the Remain campaign, said the UK's skilled workforce and competitive tax system helped drive the decision.

It said most of the products made at the expanded sites would be exported and said it expected its investment to create jobs.

The company has invested £750 Mn in new facilities over the past six years. This latest decision takes the total up to £1 Bn.

Do GSK do any research in the UK? I think they do ...."

Also as reported on sky news today McDonald's fast food chain said they will create an additional 5000 new jobs in the UK in 2017. But like you say some still think the UK is 'falling apart'.

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By *LCC OP Couple
over a year ago

Cambridge

"I see GlaxoSmithKline is to invest £275 Mn to expand its UK manufacturing sites, saying the country remains "an attractive location" despite Brexit.

The pharmaceutical firm, whose chief executive Sir Andrew Witty backed the Remain campaign, said the UK's skilled workforce and competitive tax system helped drive the decision.

It said most of the products made at the expanded sites would be exported and said it expected its investment to create jobs.

The company has invested £750 Mn in new facilities over the past six years. This latest decision takes the total up to £1 Bn.

Do GSK do any research in the UK? I think they do ....

Also as reported on sky news today McDonald's fast food chain said they will create an additional 5000 new jobs in the UK in 2017. But like you say some still think the UK is 'falling apart'.

I really despair at the straws the Brexiters are clutching at. Are you really going to tell the post doctoral researchers of the Royal Society that it doesn't matter that they lost their jobs and research grants because a new Maccy Ds is opening on the by pass and they can go and work there?

unbelievable.

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By *horehouseCouple
over a year ago

dissatisfied

"I see GlaxoSmithKline is to invest £275 Mn to expand its UK manufacturing sites, saying the country remains "an attractive location" despite Brexit.

The pharmaceutical firm, whose chief executive Sir Andrew Witty backed the Remain campaign, said the UK's skilled workforce and competitive tax system helped drive the decision.

It said most of the products made at the expanded sites would be exported and said it expected its investment to create jobs.

The company has invested £750 Mn in new facilities over the past six years. This latest decision takes the total up to £1 Bn.

Do GSK do any research in the UK? I think they do ....

Also as reported on sky news today McDonald's fast food chain said they will create an additional 5000 new jobs in the UK in 2017. But like you say some still think the UK is 'falling apart'.

"
like I've said before you're suffering from premature posting ..january at the earliest to say whether just the referendum result is having an impact on the economy..

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By (user no longer on site)
over a year ago

"I see GlaxoSmithKline is to invest £275 Mn to expand its UK manufacturing sites, saying the country remains "an attractive location" despite Brexit.

The pharmaceutical firm, whose chief executive Sir Andrew Witty backed the Remain campaign, said the UK's skilled workforce and competitive tax system helped drive the decision.

It said most of the products made at the expanded sites would be exported and said it expected its investment to create jobs.

The company has invested £750 Mn in new facilities over the past six years. This latest decision takes the total up to £1 Bn.

Do GSK do any research in the UK? I think they do ....

Also as reported on sky news today McDonald's fast food chain said they will create an additional 5000 new jobs in the UK in 2017. But like you say some still think the UK is 'falling apart'.

like I've said before you're suffering from premature posting ..january at the earliest to say whether just the referendum result is having an impact on the economy.."

With all due respect there are people from the remain camp constantly telling us the economy and country is falling apart. Can you tell them its too early to start shouting from the rooftops. Thanks.

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By (user no longer on site)
over a year ago

"I see GlaxoSmithKline is to invest £275 Mn to expand its UK manufacturing sites, saying the country remains "an attractive location" despite Brexit.

The pharmaceutical firm, whose chief executive Sir Andrew Witty backed the Remain campaign, said the UK's skilled workforce and competitive tax system helped drive the decision.

It said most of the products made at the expanded sites would be exported and said it expected its investment to create jobs.

The company has invested £750 Mn in new facilities over the past six years. This latest decision takes the total up to £1 Bn.

Do GSK do any research in the UK? I think they do ....

Also as reported on sky news today McDonald's fast food chain said they will create an additional 5000 new jobs in the UK in 2017. But like you say some still think the UK is 'falling apart'.

unbelievable. "

Do just stop all the doom and gloom. To be blunt you are now making yourself look rather pathetic with this last remark ...

If you want a serious debate why didn't you reply to my detailed comments on EU funding for the UK science and research? Why does Poland get more funding than the UK? You bang on about Universities but the reality is the vast majority of R & D is carried out by industry NOT universities. And I quote:

"In the UK, universities are by far the most successful in attracting Framework Programme [Horizon2020] funding, taking 71% of the total funds awarded to the UK during Framework Programme 7. UK businesses attracted 18%. By contrast, if we consider the distribution of where research and development is conducted in the UK; 64% conducted by businesses and 26% in universities."

https://royalsociety.org/~/media/policy/projects/eu-uk-funding/uk-membership-of-eu.pdf

And I give you the link to the PDF file as well ...

Where the HELL is there any connection between Scientific research funding and McDonalds?... Christ this is, as Monty Python put it, 'all getting rather silly'....

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By *entaur_UKMan
over a year ago

Cannock

"I see GlaxoSmithKline is to invest £275 Mn to expand its UK manufacturing sites, saying the country remains "an attractive location" despite Brexit.

The pharmaceutical firm, whose chief executive Sir Andrew Witty backed the Remain campaign, said the UK's skilled workforce and competitive tax system helped drive the decision.

It said most of the products made at the expanded sites would be exported and said it expected its investment to create jobs.

The company has invested £750 Mn in new facilities over the past six years. This latest decision takes the total up to £1 Bn.

Do GSK do any research in the UK? I think they do ....

Also as reported on sky news today McDonald's fast food chain said they will create an additional 5000 new jobs in the UK in 2017. But like you say some still think the UK is 'falling apart'.

like I've said before you're suffering from premature posting ..january at the earliest to say whether just the referendum result is having an impact on the economy.."

No it was Remainers who were saying before the referendum that the uncertainty of the referendum campaign would damage the UK economy. The figures released today proved them wrong.

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By (user no longer on site)
over a year ago

"I see GlaxoSmithKline is to invest £275 Mn to expand its UK manufacturing sites, saying the country remains "an attractive location" despite Brexit.

The pharmaceutical firm, whose chief executive Sir Andrew Witty backed the Remain campaign, said the UK's skilled workforce and competitive tax system helped drive the decision.

It said most of the products made at the expanded sites would be exported and said it expected its investment to create jobs.

The company has invested £750 Mn in new facilities over the past six years. This latest decision takes the total up to £1 Bn.

Do GSK do any research in the UK? I think they do ....

Also as reported on sky news today McDonald's fast food chain said they will create an additional 5000 new jobs in the UK in 2017. But like you say some still think the UK is 'falling apart'.

like I've said before you're suffering from premature posting ..january at the earliest to say whether just the referendum result is having an impact on the economy.."

OK now worries. So will you and all your Doom & Gloom mates stop telling everyone how the country is 'Falling Apart' and how everything is grinding to a halt because of Brexit?

Goose / Gander Syndrome Old Son ...

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By *entaur_UKMan
over a year ago

Cannock

"I see GlaxoSmithKline is to invest £275 Mn to expand its UK manufacturing sites, saying the country remains "an attractive location" despite Brexit.

The pharmaceutical firm, whose chief executive Sir Andrew Witty backed the Remain campaign, said the UK's skilled workforce and competitive tax system helped drive the decision.

It said most of the products made at the expanded sites would be exported and said it expected its investment to create jobs.

The company has invested £750 Mn in new facilities over the past six years. This latest decision takes the total up to £1 Bn.

Do GSK do any research in the UK? I think they do ....

Also as reported on sky news today McDonald's fast food chain said they will create an additional 5000 new jobs in the UK in 2017. But like you say some still think the UK is 'falling apart'.

unbelievable. "

As HornyAs already pointed out on his posts scientific research will continue in the UK, so their jobs are safe. I was merely pointing out with the McDonald's announcement today that investment and job creation in the UK will continue post Brexit, despite the doom mongering and pessimism from people like you.

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By *LCC OP Couple
over a year ago

Cambridge

"I see GlaxoSmithKline is to invest £275 Mn to expand its UK manufacturing sites, saying the country remains "an attractive location" despite Brexit.

The pharmaceutical firm, whose chief executive Sir Andrew Witty backed the Remain campaign, said the UK's skilled workforce and competitive tax system helped drive the decision.

It said most of the products made at the expanded sites would be exported and said it expected its investment to create jobs.

The company has invested £750 Mn in new facilities over the past six years. This latest decision takes the total up to £1 Bn.

Do GSK do any research in the UK? I think they do ....

Also as reported on sky news today McDonald's fast food chain said they will create an additional 5000 new jobs in the UK in 2017. But like you say some still think the UK is 'falling apart'.

unbelievable.

Do just stop all the doom and gloom. To be blunt you are now making yourself look rather pathetic with this last remark ...

https://royalsociety.org/~/media/policy/projects/eu-uk-funding/uk-membership-of-eu.pdf

And I give you the link to the PDF file as well ...

Where the HELL is there any connection between Scientific research funding and McDonalds?... Christ this is, as Monty Python put it, 'all getting rather silly'....

The UK benefits greatly from the funding, some in universities and some in industry. I am talking about both when I am talking about research. In the post you quoted about post doctoral researchers they could be in industry or academia.

What we are at risk of losing with Brexit is the Horizon2020 funding itself! So it doesn't matter if those extremely intelligent people who are massively important for our economy lose their jobs from academia or industry does it?

To then say, but there will be 5,000 jobs in McDonald's, isn't really the same is it? Which is more valuable to the UK economy? Someone designing microchips or someone frying some chips?

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By *entaur_UKMan
over a year ago

Cannock

"I see GlaxoSmithKline is to invest £275 Mn to expand its UK manufacturing sites, saying the country remains "an attractive location" despite Brexit.

The pharmaceutical firm, whose chief executive Sir Andrew Witty backed the Remain campaign, said the UK's skilled workforce and competitive tax system helped drive the decision.

It said most of the products made at the expanded sites would be exported and said it expected its investment to create jobs.

The company has invested £750 Mn in new facilities over the past six years. This latest decision takes the total up to £1 Bn.

Do GSK do any research in the UK? I think they do ....

Also as reported on sky news today McDonald's fast food chain said they will create an additional 5000 new jobs in the UK in 2017. But like you say some still think the UK is 'falling apart'.

unbelievable.

Do just stop all the doom and gloom. To be blunt you are now making yourself look rather pathetic with this last remark ...

https://royalsociety.org/~/media/policy/projects/eu-uk-funding/uk-membership-of-eu.pdf

And I give you the link to the PDF file as well ...

Where the HELL is there any connection between Scientific research funding and McDonalds?... Christ this is, as Monty Python put it, 'all getting rather silly'....

To then say, but there will be 5,000 jobs in McDonald's, isn't really the same is it? Which is more valuable to the UK economy? Someone designing microchips or someone frying some chips?"

The point I was making is the UK can have both. Why do you think it should be one or the other?

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By *LCC OP Couple
over a year ago

Cambridge

"I see GlaxoSmithKline is to invest £275 Mn to expand its UK manufacturing sites, saying the country remains "an attractive location" despite Brexit.

The pharmaceutical firm, whose chief executive Sir Andrew Witty backed the Remain campaign, said the UK's skilled workforce and competitive tax system helped drive the decision.

It said most of the products made at the expanded sites would be exported and said it expected its investment to create jobs.

The company has invested £750 Mn in new facilities over the past six years. This latest decision takes the total up to £1 Bn.

Do GSK do any research in the UK? I think they do ....

Also as reported on sky news today McDonald's fast food chain said they will create an additional 5000 new jobs in the UK in 2017. But like you say some still think the UK is 'falling apart'.

unbelievable.

Do just stop all the doom and gloom. To be blunt you are now making yourself look rather pathetic with this last remark ...

https://royalsociety.org/~/media/policy/projects/eu-uk-funding/uk-membership-of-eu.pdf

And I give you the link to the PDF file as well ...

Where the HELL is there any connection between Scientific research funding and McDonalds?... Christ this is, as Monty Python put it, 'all getting rather silly'....

To then say, but there will be 5,000 jobs in McDonald's, isn't really the same is it? Which is more valuable to the UK economy? Someone designing microchips or someone frying some chips?

The point I was making is the UK can have both. Why do you think it should be one or the other?

I DON'T think it should be one or the other! That's why I voted to Remain so we could still have access to the Horizon2020 funding, and I'm sure McDonald's still would have opened new restaurants here. They have based that decision on 40 consecutive quarters of growth in the UK, not on a referendum 1 month ago. The people who voted to leave (of which I am assuming includes you), voted to remove the UK from the Horizon2020 funding. So I should be asking YOU why you voted to just have one and not both.

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By (user no longer on site)
over a year ago

Why oh why do the Naysayers and Doom & Gloomers that are the Remainers make out because we voted to leave the EU everything will grind to a halt. The latest bit of crap is about 'scientific funding' where apparently because the Horizon2020 funding will end when we leave the EU ALL scientific research will end. The fact (as provided by the Royal Society) some 64% is privately funded by industry seems to have gone way over their heads. Or worse they say the EU funds THAT as well ... Wrong!

Now forgive me for mentioning one small detail here but the 'EU funding' that is spent here under the name 'Horizon2020' is actually UK taxpayers money being recycled by the EU back to the UK. Its a f**king money go round! The Elite in Brussels takes our money, slaps a blue EU flag on it and then graciously gives it back. Well some of it. We paid on average some £13.1 Billion a year. How much do we get back in Science research? Lets ask the BBC back in January 2014 when 'Horizon2020' was launched?

"Known as Horizon 2020, the programme is worth nearly £67bn (80bn euros) and covers the next seven years.

The funds are allocated through a competitive process, in which Britain traditionally fares very well - second only to Germany.

If this performance is maintained, UK universities, research centres and businesses could expect to receive £2bn in the first two years of Horizon 2020."

So the programme is worth less than £10 Billion a year in total from which the UK might get £1 Billion a year. 10%. And that is 'doing well'?

Or some 7.7% of the £13.1 Billion a year WE pay THEM. How can any reasonable person suggest a UK Government will not replace that funding from the £13 Billion we will save?

Oh wait we are talking 'Remoaners' aren't we....

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By *horehouseCouple
over a year ago

dissatisfied

"Why oh why do the Naysayers and Doom & Gloomers that are the Remainers make out because we voted to leave the EU everything will grind to a halt. The latest bit of crap is about 'scientific funding' where apparently because the Horizon2020 funding will end when we leave the EU ALL scientific research will end. The fact (as provided by the Royal Society) some 64% is privately funded by industry seems to have gone way over their heads. Or worse they say the EU funds THAT as well ... Wrong!

"Known as Horizon 2020, the programme is worth nearly £67bn (80bn euros) and covers the next seven years.

The funds are allocated through a competitive process, in which Britain traditionally fares very well - second only to Germany.

If this performance is maintained, UK universities, research centres and businesses could expect to receive £2bn in the first two years of Horizon 2020."

So the programme is worth less than £10 Billion a year in total from which the UK might get £1 Billion a year. 10%. And that is 'doing well'?

Or some 7.7% of the £13.1 Billion a year WE pay THEM. How can any reasonable person suggest a UK Government will not replace that funding from the £13 Billion we will save?

Oh wait we are talking 'Remoaners' aren't we....

Glad to see you care more about low paid work in mc Donald's than government funding for scientific research ..some people on here care about government funding for projects due to the poor track record successive governments have had on funding research .still if driving less miles for your mc Donald's is a big issue for you there's good news there for the shallow folk

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By *horehouseCouple
over a year ago

dissatisfied

So the programme is worth less than £10 Billion a year in total from which the UK might get £1 Billion a year. 10%. And that is 'doing well'? yep the only country to receive more was Germany so the UK did extremely well ..better than they would likely have received from any UK government due to constant budget cuts ...

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By *horehouseCouple
over a year ago

dissatisfied

No worries

http://news.sky.com/story/lloyds-to-shed-3000-more-jobs-to-cut-costs-10514874

Good news there could be jobs in mc Donald's if there qualified enough

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By (user no longer on site)
over a year ago

"No worries

http://news.sky.com/story/lloyds-to-shed-3000-more-jobs-to-cut-costs-10514874

Good news there could be jobs in mc Donald's if there qualified enough"

That has nothing to do with Brexit, it is simply a cost cutting exercise hiding behing Brexit.

But lets humour you just for a moment and pretend that a potential 3000 job losses and 200 branch closures are as a direct result of Brexit.

That would mean the 9000 job losses and 200 branch closures in the 2 years prior to Brexit were as a direct result of being in the EU.

Far worse off in than out if we apply that rational thinking.

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By (user no longer on site)
over a year ago

"Known as Horizon 2020, the programme is worth nearly £67bn (80bn euros) and covers the next seven years.

The funds are allocated through a competitive process, in which Britain traditionally fares very well - second only to Germany.

If this performance is maintained, UK universities, research centres and businesses could expect to receive £2bn in the first two years of Horizon 2020."

So the programme is worth less than £10 Billion a year in total from which the UK might get £1 Billion a year. 10%. And that is 'doing well'?

Or some 7.7% of the £13.1 Billion a year WE pay THEM. How can any reasonable person suggest a UK Government will not replace that funding from the £13 Billion we will save?

Oh wait we are talking 'Remoaners' aren't we....

Oh here we go with they typical changing of words so you can make wisecrack statements.

'Shallow folk'? WTF?

I did not mention McDonalds did I? And as I asked earlier what has McDonalds got to do with the UK replacing 'EU Funding' which is actually UK taxpayers money in the first place.

What part of 'We fund that research already' do you not quite understand?

Oh wait no you DO understand its just you have to make shite comments to look 'clever'.

You fail every time...

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