Brexit: UK on course for even deeper economic slowdown than expected

[OhSusana]

Brexit: UK on course for even deeper economic slowdown than expected
http://www.independent.co.uk/news/busin ... 45841.html

...UK economic growth for the first quarter was confirmed at 0.2 per cent last month, a marked slowdown compared with the 0.7 per cent expansion seen in the final three months of 2016.
The pay squeeze on British households has also intensified, with wage growth continuing to lag behind inflation...
...Economists are widely expecting GDP to struggle in the second quarter of 2017, and predict momentum in the UK economy to slow in the years ahead.
The influential EY ITEM Club nudged down its GDP growth outlook from 1.8 per cent to just 1.5 per cent in 2017, saying that the UK economy has deteriorated since April....

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May's going to have to save some big big money soon.
Maybe cut pensions, or - increase the pension age for those yet to retire.
As conservative voters tend to be older, which is the best option - probably the second! )) ha ha.
She can also cut the pay of nurses and teachers to say 1%.
Booming Britain after Brexit. What a joke my country has become.

More good news - well, for Germany, here -
Brexit: Citigroup to move some trading business from London as it chooses Frankfurt for new EU hub
http://www.independent.co.uk/news/busin ... 46526.html

And here, some good news - well, for ireland....

Dublin is streets ahead of EU rivals as City firms plan for Brexit relocation
https://www.theguardian.com/business/20 ... tion-plans

And more good news - well, for Germany again -

Frankfurt Is the Big Winner in Battle for Brexit Bankers
https://www.bloomberg.com/graphics/2017-brexit-bankers/

[geoffreys]

More scaremongering, the remoaners just won't give up until the UK remains an EU Member.
Geoff.

[outasite]

I would imagine they are fed up to the back teeth of you and Ohsusanna crowing cock a hoop at any tiny bit of reporting that the UK is going down the pan due to brexit, as are those who continue to reply to your anti UK posts.

[Jimgym]

I would imagine they are fed up to the back teeth of you and Ohsusanna crowing cock a hoop at any tiny bit of reporting that the UK is going down the pan due to brexit, as those who continue to reply to your anti UK posts.

Got it in one Outasite! It's quite odd and slightly perverse how some people appear to derive so much pleasure from any potential bad news.

[outasite]

I would imagine they are fed up to the back teeth of you and Ohsusanna crowing cock a hoop at any tiny bit of reporting that the UK is going down the pan due to brexit, as those who continue to reply to your anti UK posts.

Got it in one Outasite! It's quite odd and slightly perverse how some people appear to derive so much pleasure from any potential bad news.

Did a quick check and whilst, of course, I have no figures for 2017 yet this is what I found on the IMPORTS from 7 EU countries plus Norway for 2016, all in US$ for some reason.....and the figures are billion.....
Germany....86.4 France.....33.2 Netherlands......46.4 Belgium....31.6 Italy....23.3 Spain.....21.7 Republic of Ireland....17.6.
Norway who have to pay loads to be allowed to export to the EU.....17.3.
Total there is $260.2 BIllion S277.5 if you include Norway.

Now I don't think for one minute that the exporters in those countries, or indeed the sovereign parliaments of those countries, are going to throw away all that revenue going into their countries year in year out. I don't think that the industries in say Germany will say,"Oh well, we'll just let that €86,400,000,000 go by the by then shall we", and neither will any of the other industries in the EU. As for the UK going down the pan which HiC,OhS and others seem to be desperately hoping to happen, well, I've yet to read the names of the HUNDREDS of companies looking to relocate to the EU other than Easyjet and Citigroup...who I am sure I have read recently are re-locating some jobs to the EU which doesn't seem to point to the whole kith and caboodle anyway.
And Easyjet, whose revenues are in billions, mainly from UK operations will move the lot to the EU?

HiC and OhS delight in posting negatives and more negatives about the state of the UK. Well, of course, the UK isn't riding high at the moment, mainly IMHO due to the swallowing of all the lies and bullying that their precious EU keep spouting out about how the UK will suffer terribly because they DARE to leave the EU mish mash of cronyism that the failed politicians who make up the bulk of the EU Commission live by and who can see their lifestyles going up the Swanee, by those who wish to remain in the EU.

And in answer to HiC's insulting remarks about swallowing the lies of Johnson and the £350 million et al, I voted out because I voted in to the European Economic Community in 1971 swallowing the lies spouted then and politicians have lied and slithered the EEC to the EU that it is today hence my vote to leave. I did not for one nano second believe that one penny of the £350 million weekly "savings" would go anywhere near the NHS. Indeed I thought it would be a good idea to use all that saved money to pay back some of the debt that the Socialists have dropped on the UK from a great height. And do not forget HiC and OhS that the majority of the money paid weekly or monthly or yearly to the EU came from Import Duties paid on the importation of goods from those countries who are luckily not a member State of the European union so if there is a drop in imports from those countries it will not affect our GDP too much as the money left the UK straight away anyway.
Such a pity that we cannot revert to the original idea of Free Trade between partners.

[cyprusgrump]

Is it by coincidence or design that two of Brexit's most ardent and vocal supporters, Cyprusgrump and smudger, appear to have bowed out of posting further in the Political section Cyprusgrump can't chortle any more that GBP has gone back up to €1.19

Well, I can't obviously speak for Smudger but CyprusGrump has concluded that 'debating' with a Remainiac like yourself is rather like playing that pointless game of Whack-a-mole...

Because every time anybody refutes beyond question your claims or points out how ridiculously hysterical they are, a couple of days later you pop up with the same old stuff all over again.

In fact, Remainiacs like yourself have been trotting out the same tired old arguments for two years now; the same old, "the Sky is falling" day after day after day...

And the bizarre thing is, you can't see how ridiculous your position is!

You really cannot see that for somebody who has posted on this forum (and others) multiple times, "Brexit hasn't happened yet" in response to one of us pointing out that the sky has not in fact fallen, to keep posting "the sky is falling because of Brexit!" is insane!

As I've said before, you obviously exist in an echo chamber of anti-Brexit media like that linked in the OP, The Guardian, The Independent (hahahahaha!) and Bloomberg (quoting Bruegel 'the Brussels based economic think tank') and you believe the lot of it - you really should explore the vast amount of information available on the Internet sometime.

Personally, I'm still very happy with my 'Leave' vote, have no regrets and believe that leaving the EU will be beneficial. I simply see no point in debating that with Remainiacs whose 'arguments' seem to get more desperate and hysterical every day.

[kingfisher]

Oh Susanna- “She can also cut the pay of nurses and teachers to say 1%”
I don’t think she’d get that one past the unions, do you?

[cyprusgrump]

Personally, I'm still very happy with my 'Leave' vote, have no regrets and believe that leaving the EU will be beneficial. I simply see no point in debating that with Remainiacs whose 'arguments' seem to get more desperate and hysterical every day.

So despite the fact that in the past 7 days alone the pound has fallen (plummeted) from 1.319 to 1.112 (an approximate 3% drop in just 7 days) you're still a happy man and content with your decision to leave.

You're obviously an easy man to please

Well, you got your figures wrong for starters but I'll ignore that...

plummet
ˈplʌmɪt/Submit
verb
past tense: plummeted; past participle: plummeted
fall or drop straight down at high speed.
"a climber was killed when he plummeted 300 feet down an icy gully"
synonyms: plunge, fall headlong, hurtle, nosedive, dive, drop, crash, descend rapidly
"the plane plummeted to the ground"
decrease rapidly in value or amount.
"hardware sales plummeted"
synonyms: fall steeply/sharply, plunge, tumble, drop/decrease rapidly, go down, sink, slump; More

I think we can be quite clear on the meaning of plummet from that?

That's the reality folks, with I suspect, more to come. Perhaps now you'll appreciate the extent to which the pound is plummeting

March 11th you made that post and the Pound was worth €1.13

It is currently worth €1.11 but a few days ago it was worth €1.14.

So yup, by your own words you were completely wrong then and still continue your spouting of the same old same old stuff...

Whack-a-mole is actually probably more interesting with hindsight...

[Poppy]

Oh dear Lloyd you don't seem quite up to scratch at the moment - not like you to make such a mistake! I think you will find it is some time since the pound was at 1.30!! Perhaps it is the time of day ? Not your usual posting time of the early hours!
Additionally I don't think your maths of 3% are quite right either ! Just a little piece of advice,If you want to quote percentages then it is a good idea to check they are correct otherwise you end up looking rather silly!!

[merchant_banker]

Yes, as I've said many times, crows coming home to roost. Easyjet and Citigroup are the first of hundreds of companies who will hedge their bets by setting up, or expanding, operations in other EU capitals. They cannot afford to get caught out by a bad Brexit.

Is it by coincidence or design that two of Brexit's most ardent and vocal supporters, Cyprusgrump and smudger, appear to have bowed out of posting further in the Political section Cyprusgrump can't chortle any more that GBP has gone back up to €1.19

Here we go again. Accept it and stop telling us how wonderful you are.

[OhSusana]

Oh Susanna- “She can also cut the pay of nurses and teachers to say 1%”
I don’t think she’d get that one past the unions, do you?

KF
Put it down to my English humour - the decision was announced in March... ))
It was, however, criticised by many MPs, who then voted for themselves to get a larger payrise. I joke not.

[OhSusana]

Meanwhile, for those of us in the real world, some more good news - for Ireland -

Bank of America picks Dublin for EU hub
http://www.bbc.com/news/business-40680013
Bank of America has chosen Dublin as its new base to service EU clients as part of its Brexit contingency plans.
It is the first US bank to confirm the Irish capital as its preferred site.
Citigroup has picked Frankfurt as the base for its EU trading operations, and reports say Morgan Stanley has also chosen the German financial centre....

Probably just "scaremongering", as Geoffreys would say!
Somehow - I think they are serious....

This also -
Seven bits of bad news the government snuck out before Parliament's summer recess
http://www.independent.co.uk/news/uk/po ... 52116.html

Schools mathematics shortage is “concerning”
.....

We have fewer soldiers
The number of full-time soldiers has fallen by 7,000 in the last three years.
....

£1.1 million of taxpayer money wasted over Brexit court cases
The annual accounts for the Brexit Department indicated that £1.14 million was spent fighting the Article 50 case.

Number of police officers at 30-year low

Official statistics noted there were 132,142 police officers in England and Wales - the lowest number for 30 years.
The news comes as there was the largest increase crime in ten years.

In what is a huge U-turn, the Government has dropped its electrification plans. [trains]

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It just gets better and better under May!! (joke)