Guest MattP Posted 9 February 2018 Posted 9 February 2018 Bank of England upgrades it's growth forecasts again. http://www.theweek.co.uk/bank-of-england/91496/boe-holds-interest-rate-at-05-and-upgrades-growth-forecast
Guest Posted 9 February 2018 Posted 9 February 2018 (edited) 22 minutes ago, MattP said: Bank of England upgrades it's growth forecasts again. http://www.theweek.co.uk/bank-of-england/91496/boe-holds-interest-rate-at-05-and-upgrades-growth-forecast So, in your opinion, am I safe to believe this economic forecast from the BoE? Edited 9 February 2018 by Guest
Guest MattP Posted 9 February 2018 Posted 9 February 2018 11 hours ago, Facecloth said: Wow Claire Perry mat be the worst politician I've ever seen on Question Time, and I've watched episodes with appearances from Liz Truss and Diane Abbott. She's absolutely awful. Classic case of gender over competence that she got to the cabinet. The only positive thing was that Terry Christian behaved like such a shitgibbon he stole the headlines.
Guest MattP Posted 9 February 2018 Posted 9 February 2018 (edited) 15 minutes ago, toddybad said: So, in your opinion, am I safe to believe this economic forecast from the BoE? Total upto you. Take a look at the record the BoE has for its forecasts and then decide for yourself. Edited 9 February 2018 by MattP
Guest Posted 9 February 2018 Posted 9 February 2018 7 minutes ago, MattP said: Total upto you. Take a look at the record the BoE has for its forecasts and then decide for yourself. Your guidance on this matter would be invaluable. Do you believe their forecasts?
lifted*fox Posted 9 February 2018 Posted 9 February 2018 40 minutes ago, MattP said: Bank of England upgrades it's growth forecasts again. http://www.theweek.co.uk/bank-of-england/91496/boe-holds-interest-rate-at-05-and-upgrades-growth-forecast All whilst we're still operating in the EU!
Guest Posted 9 February 2018 Posted 9 February 2018 (edited) 4 minutes ago, lifted*fox said: All whilst we're still operating in the EU! Yes. Also, I wonder what, say, the EU and US growth rates are in comparison? Edited 9 February 2018 by Guest
lifted*fox Posted 9 February 2018 Posted 9 February 2018 Just makes me that we get all these positive financial statistics thrown about in here like it's proof that Brexit is going to benefit us but nothing has changed yet. People are pushing on as normal despite Brexit because our government can't figure out wtf it wants to do. Absolutely zero reflection on post-Brexit statistics at all.
Fox Ulike Posted 9 February 2018 Posted 9 February 2018 31 minutes ago, toddybad said: So, in your opinion, am I safe to believe this economic forecast from the BoE? Yes that's all true that one is. Totally. The one saying that Eurozone growth is outstripping UK growth though is pure fantasy, written by Leftist sabateurs who just want to defy the will of the British people. http://www.theweek.co.uk/91314/eurozone-economies-grow-at-fastest-rate-since-2007-crisis
Fox Ulike Posted 9 February 2018 Posted 9 February 2018 2 minutes ago, lifted*fox said: Just makes me that we get all these positive financial statistics thrown about in here like it's proof that Brexit is going to benefit us but nothing has changed yet. People are pushing on as normal despite Brexit because our government can't figure out wtf it wants to do. Absolutely zero reflection on post-Brexit statistics at all. Also worth noting that all EU economies have much brighter forecasts than the UK's. I think we've been lucky that Brexit will co-incide with an economic upturn.
Guest Posted 9 February 2018 Posted 9 February 2018 (edited) 3 minutes ago, lifted*fox said: Just makes me that we get all these positive financial statistics thrown about in here like it's proof that Brexit is going to benefit us but nothing has changed yet. People are pushing on as normal despite Brexit because our government can't figure out wtf it wants to do. Absolutely zero reflection on post-Brexit statistics at all. 51 minutes ago, MattP said: Bank of England upgrades it's growth forecasts again. http://www.theweek.co.uk/bank-of-england/91496/boe-holds-interest-rate-at-05-and-upgrades-growth-forecast It's not even positive news really. It's not that growth itself had improved, just the BoE's prediction has increased. If you look at growth over time it's not an increase at all. Just an upgrade in the Jan prediction from 1.5% to 1.7%. Edited 9 February 2018 by Guest
bovril Posted 9 February 2018 Posted 9 February 2018 I can't help but feel that all these economic forecasts are kind of missing the point. Even the Brexiteers on here have admitted an economic hit is something they would accept. People voted out for a myriad of different, sometimes contradictory reasons and trying to keep people satisfied with the direction the country's going in will be extremely difficult when opinion is so divided, even within the in / out camps.
Guest Posted 9 February 2018 Posted 9 February 2018 1 minute ago, bovril said: I can't help but feel that all these economic forecasts are kind of missing the point. Even the Brexiteers on here have admitted an economic hit is something they would accept. People voted out for a myriad of different, sometimes contradictory reasons and trying to keep people satisfied with the direction the country's going in will be extremely difficult when opinion is so divided, even within the in / out camps. True. I'm struggling to believe that if we have years of low growth and falling living standards in comparison to our European neighbours that people will be truly happy with that result. I am unconvinced that people would be happy to see the decision has made their children's lives harder. Just atm it's all theoretical and people (on both sides) are refusing to consider they could be wrong. If Brexit is successful we all win. If it isn't we all lose. The question really is the absolute gamble we're taking worth it. You know my answer.
bovril Posted 9 February 2018 Posted 9 February 2018 1 minute ago, toddybad said: True. I'm struggling to believe that if we have years of low growth and falling living standards in comparison to our European neighbours that people will be truly happy with that result. I am unconvinced that people would be happy to see the decision has made their children's lives harder. Just atm it's all theoretical and people (on both sides) are refusing to consider they could be wrong. If Brexit is successful we all win. If it isn't we all lose. The question really is the absolute gamble we're taking worth it. You know my answer. It really isn't that simple when people voted out and in for different reasons. What is 'success'? People on here (on both sides) seem to contradict each other themselves every day. The economy is important / the economy isn't important. Anecdotally at least, it seems to me that years of austerity and declining living standards is what tipped the balance in favour of Brexit. If the economy performs well but immigration stays about the same and inequality continues to rise, the anger will not go away. This is why this barrage of articles about economic forecasts just seem completely pointless. 1
Guest Posted 9 February 2018 Posted 9 February 2018 1 hour ago, MattP said: Bank of England upgrades it's growth forecasts again. http://www.theweek.co.uk/bank-of-england/91496/boe-holds-interest-rate-at-05-and-upgrades-growth-forecast Also, Back with the UK data, and economist James Knightley at ING Bank says the latest figures suggest fourth quarter growth could be revised downwards: Softer December trade and production data coupled with downward revisions suggest the potential for fourth quarter GDP growth to be revised down to 0.4% quarter on quarter [from 0.5%] UK industrial production fell 1.3% month on month in December, worse than the 0.9% consensus while there was a 0.1 percentage point downward revision to November. The December softness relates to the shutdown of the North Sea Forties pipeline for unplanned maintenance (oil and gas output fell 24.2% month on month) and should rebound in January, but it does suggest the risk of a very modest downward revision to fourth quarter GDP. Manufacturing rose 0.3% month on month, in line with expectations, while November was revised down two-tenths of a percentage point to 0.2% growth. There was also disappointment in the December trade balance. It showed a deficit of £4.9bn [for total goods and services] – the worst reading since September 2016, which is a pretty poor story given the competitiveness boost sterling’s big declines should have provided and the stronger economic activity data we have seen globally. Today’s data reinforces the message that the UK continues to underperform other developed market economies, growing at around half the rate of the US and the Eurozone. As such, while the Bank of England is clearly hinting at the potential for a May rate hike, we remain cautious on the longer term path for rates, particularly given the Brexit related uncertainty.
Guest Posted 9 February 2018 Posted 9 February 2018 (edited) 6 minutes ago, bovril said: It really isn't that simple when people voted out and in for different reasons. What is 'success'? People on here (on both sides) seem to contradict each other themselves every day. The economy is important / the economy isn't important. Anecdotally at least, it seems to me that years of austerity and declining living standards is what tipped the balance in favour of Brexit. If the economy performs well but immigration stays about the same and inequality continues to rise, the anger will not go away. This is why this barrage of articles about economic forecasts just seem completely pointless. I understand what you're saying but what I mean is that if we do rid ourselves of the ECJ, bring immigration down to zero, and spend an extra £350m a week on the NHS, I don't believe leavers still be happy if they are poorer, even if they say it doesn't matter now. Why would anybody be happy with that? Inequality is due to government decisions, not EU decisions. I've said it before, immigration is good for the economy, it's a huge mistake that no government has ever clearly fight that corner. If the migrants leave, productivity will go down and the economy will tank. Edited 9 February 2018 by Guest
Realist Guy In The Room Posted 9 February 2018 Posted 9 February 2018 48 minutes ago, MattP said: She's absolutely awful. Classic case of gender over competence that she got to the cabinet. The only positive thing was that Terry Christian behaved like such a shitgibbon he stole the headlines. When I saw he was on I absolutely knew exactly how he’d be. I saw him on the Wright Stuff not long ago and he was exactly the same. Complete prat who’s had no career since The Word.
Guest Posted 9 February 2018 Posted 9 February 2018 10 minutes ago, Realist Guy In The Room said: When I saw he was on I absolutely knew exactly how he’d be. I saw him on the Wright Stuff not long ago and he was exactly the same. Complete prat who’s had no career since The Word. I thought he was okay until Brexit. Then he lost the plot for 10 minutes. I have a lot of time for Emily Thornberry. Not sure it was her best performance but she's got leadership qualities for the future.
Sharpe's Fox Posted 9 February 2018 Posted 9 February 2018 Don't care about financial forecasts for the parasites and kulaks ect I readily vote for Marxists ffs
Alf Bentley Posted 9 February 2018 Posted 9 February 2018 (edited) 35 minutes ago, bovril said: It really isn't that simple when people voted out and in for different reasons. What is 'success'? People on here (on both sides) seem to contradict each other themselves every day. The economy is important / the economy isn't important. Anecdotally at least, it seems to me that years of austerity and declining living standards is what tipped the balance in favour of Brexit. If the economy performs well but immigration stays about the same and inequality continues to rise, the anger will not go away. This is why this barrage of articles about economic forecasts just seem completely pointless. Indeed. One possible long-term outcome of a Hard Brexit is that the national economy of the UK grows and attracts a lot more business by undercutting other western economies on pay, hours, working conditions, flexible employment, public spending and social conditions. In 20 years time, if national growth and corporate profitability in the UK exceed those in other countries, but our cities are like Detroit, millions are struggling to get by despite doing 3 part-time jobs for crap pay, crime is rampant, the NHS has collapsed, life expectancy is falling and illiteracy rising.....is that a "successful economy"? Under that scenario, Brexit will have been successful for many corporations, but highly unsuccessful for millions of British people.... This need to view the economy beyond data on growth, profitability and productivity doesn't just apply to Brexit, either. Currently, EU growth is on the rise. I haven't checked the figures, but assume that includes Spain, which has 20%+ unemployment. Is economic growth "a success" if 1/5 of a nation's population is excluded from the benefits? Edited 9 February 2018 by Alf Bentley 1
Rogstanley Posted 9 February 2018 Posted 9 February 2018 (edited) A Beefy British Exit Damn you Frenchie flappers and your mouldy old baguettes It's a beefy British exit that you're sure not to forget And damn you Spanish softies with your rabbit food paella We'll have our roasted beef here thanks and that is us forever You Italians can go to hell with your slimy oily pasta None of that in Blighty thanks cos British beef's our master Not forgetting Germany with your fatty fatty sausage If you didn't know we love our beef then you must be an ostrich Screw you all you euro fools, we scream and bare our teeth We're leaving you and all your trade cos we value British beef! #ProudOfOurPoets Edited 9 February 2018 by Rogstanley 1
Guest MattP Posted 9 February 2018 Posted 9 February 2018 59 minutes ago, toddybad said: Your guidance on this matter would be invaluable. Do you believe their forecasts? Not really, hence why they keep upgrading it. 18 minutes ago, Realist Guy In The Room said: When I saw he was on I absolutely knew exactly how he’d be. I saw him on the Wright Stuff not long ago and he was exactly the same. Complete prat who’s had no career since The Word. He's was the absolute perfect stereotype of a left-wing panellist, first question was about the gender pay gap and he ranted about the Daily Mail, called all Brexit voters simple and then tried to shout over anyone who disagreed with him.
Guest MattP Posted 9 February 2018 Posted 9 February 2018 I was going to post this after Xmas but forgot, shows how fragile the Labour vote could be and maybe explains the recent drop. https://www.theguardian.com/politics/2017/dec/27/labour-voters-could-abandon-party-over-brexit-stance-poll-finds Quote The poll of people planning to vote Labour – conducted by YouGov for the Best of Britain campaign group – found 24% said they may change their minds before the next election, and two-thirds of those who voted remain would be disappointed or angry if Labour says it will proceed with Brexit. The poll also found many Labour voters have opposing perceptions about the party’s current stance on Brexit. It found 32% of Labour remain voters believe Labour is “completely against Brexit” and a further 31% of Labour leave voters believe Labour is “completely in favour of Brexit”. To think some on here accuse Leave voters of "not knowing what they voted for".....
bovril Posted 9 February 2018 Posted 9 February 2018 56 minutes ago, toddybad said: I understand what you're saying but what I mean is that if we do rid ourselves of the ECJ, bring immigration down to zero, and spend an extra £350m a week on the NHS, I don't believe leavers still be happy if they are poorer, even if they say it doesn't matter now. Why would anybody be happy with that? Inequality is due to government decisions, not EU decisions. I've said it before, immigration is good for the economy, it's a huge mistake that no government has ever clearly fight that corner. If the migrants leave, productivity will go down and the economy will tank. You've completely missed my point but hey ho.
Sharpe's Fox Posted 9 February 2018 Posted 9 February 2018 15 minutes ago, MattP said: I was going to post this after Xmas but forgot, shows how fragile the Labour vote could be and maybe explains the recent drop. https://www.theguardian.com/politics/2017/dec/27/labour-voters-could-abandon-party-over-brexit-stance-poll-finds To think some on here accuse Leave voters of "not knowing what they voted for"..... Banter. Who else will they vote for? Geriatric old Vince or the watermelons in Brighton haha 1
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