OT. The futures Bright, the Futures Brexit!!!

[mistaram]

anagram Just looked up official Uk Economic growth figures.from 1955-2016. the average yearly growth figure is 0.6% and in 1974 it was minus 2.7%. 2013 0/8%. 2014 0.8% 2015 0.4% so if they have forecast 0.6 for 2017 that's about average Think we all know civil servants forecasts are poor Even Osbourne the borrower found £20billion last year because the treasury forecast was wrong So its not all Brexit is it

[Rattea]

Exports are up due to the weaker pound! Shock horror there the foundation of a better economy!!!!

"Ohhhhh but I don't get as much for my money on holiday" quote brainless masses 2016.....

[ramAnag]

Take your point Mista but The Independent today suggests that our economy is contracting at its 'steepest rate' since 2009.

[ramAnag]

Take your point Mista but The Independent today suggests that our economy is contracting at its 'steepest rate' since 2009.

Bit patronising Rats...obviously a weaker pound is good for exports...equally you don't have to be one of the 'brainless masses' to be a tad disappointed that summer holidays are suddenly more expensive.

[swaledale]

Exports are up due to the weaker pound! Shock horror there the foundation of a better economy!!!!

"Ohhhhh but I don't get as much for my money on holiday" quote brainless masses 2016.....

Imports more expensive would suggest not? If we export more than we import then a happy country....but we dont!

I do despair at the prominence given to "research" which suggests that business confidence is down, self perpetuating if you ask me, but then they always "adjust" the figures a few months later anyway, its all a bit wishy washy rather like Rat and his forecasts!!

[swaledale]

105 posts to go!!

[Ram59]

Are these three same 'experts'that told us we were having a double dip recession, when there wasn't even a single one, a few years ago. Or maybe the forecasters were the same ones that told us that we were doing it all wrong and were heading for recession, only to admit that they were completely wrong.

These 'experts' are useless and dangerous, as they cause loss of confidence which then drags down the economy, damaging normal people's lives.

[AngryRam]

They seem to be skiing backwards on a few things.. Wonder if all the lies were on one side.
It would be interesting to see what the vote would be now though. I have friends who were massively in favour of staying in but now have swayed and also visa versa.
I see the French have agreed to keep our border in France. Another fact that was infact just a worry.
I heard an 'expert' yesterday saying the housing market was n chaos... Turned the station over and another guy was saying it was still buoyant.
The reality is they are only experts to suit their own agenda.

[mistaram]

Anag Yes I've just read the Independent. They also say the FTSE100 is up 30.6 points so there is a contradiction somewhere

[mistaram]

Angry You are right lies on both sides Remember Osbourne telling us pensioners bus passes and TV licenses to go Interest rates at12% adding £2,500 a year. to the average mortgage How every household would be £4,300 worse of He had to. retract because the Treasury told him they were all untrue but he had set the seeds that he intended to do

[roger_ramjet]

Q: How can you tell a politician is lying?



A: His lips are moving


And thats 400

[ramAnag]

Angry and mista...appreciate there are two sides to everything but let's not forget the Brexit vote was just one month ago. Yes the FTSE is doing well after an initial slide but the pound fell by a further 1.5% yesterday and the manufacturing PMI has fallen to its lowest since Feb 2013 encouraging further recession fears. Bet they'll be dancing in the streets of Sunderland to hear how well all their shares are doing now though. All those exporters going well too...pity everything we import is now suddenly more expensive.

[AngryRam]

Angry You are right lies on both sides Remember Osbourne telling us pensioners bus passes and TV licenses to go Interest rates at12% adding £2,500 a year. to the average mortgage How every household would be £4,300 worse of He had to. retract because the Treasury told him they were all untrue but he had set the seeds that he intended to do

Shssss.. Don't tell Swaley.

[AngryRam]

Angry and mista...appreciate there are two sides to everything but let's not forget the Brexit vote was just one month ago. Yes the FTSE is doing well after an initial slide but the pound fell by a further 1.5% yesterday and the manufacturing PMI has fallen to its lowest since Feb 2013 encouraging further recession fears. Bet they'll be dancing in the streets of Sunderland to hear how well all their shares are doing now though. All those exporters going well too...pity everything we import is now suddenly more expensive.

But there is the problem Anag... Both sides use the it's only just happened when the topic starts to go against them. The point I was making is that both sides lied.. If you read some posts on this thread you would think that the remain side were right on all their profercies of doom.
I am in the import/export business and I see no reduction on the amount we are importing.. Yes agains early days but my clients, some major blue chip, are not panicking yet.. I have seen an immediate increase in export numbers tho..
All speculation but this country needs to stop being a warehouse and needs to start manufacturing again.
All we need now is the BOE to stop down talking the economy and for the great British businessman to grasp the opportunities when they arise.. Some doors will close, some will open. Look for the open ones.

[roger_ramjet]

Interestingly, from a balance of payments perspective, a decline in imports is no bad thing for the economy either. A weak pound thus stimulates export trade and makes our domestic sales more competetive.

To get on to one of my bug bears - food miles. If the weak pound means we import less new zealand lamb or apples and thus encourage our own producers then its a win:win. Same for asparagus from peru, potatoes from cyprus or egypt strawberries from california, beef from ireland etc etc. We can be self sufficient in all these things if we put our mind to it. So bring on the weak currency for a while to stimulate our economy both ways.

If capital goods cost industry more we may spike domestic inflation up a little longer term and so pressurise interest rates but that too may have its advantages.

Also if imported consumer electronics get more expensive it may dissuade the "new telly every year" individuals and so deprive Wonga of new business. Anything that can drag down that evil empire has to be good.

Now if only I could figure out how a weak pound could destroy "Just Eat" I would be so ecstatic I'd maybe cum.

And for those poor sorry individuals complaining about their holidays costing maybe 100 quid more....stay in Uk, go to the Peak District and enjoy the 2 days of English summer 😊😊. Much more fun than spending two days on the M20 queuing like a lemming waiting for his turn on the cliffs edge