[Politics] Brexit

[beorhthelm]

Although still significantly below its pre-Brexit predictions of 2.1% growth.

Also forecasts that the UK will be overtaken by growth in the rest of the EU by 2018 (1.8% against UK 1.2%)

Not as rosy as your selective posting

talking about selective, you seem to have forgotten the Remain camp predicting a -1% growth for 2017 if we voted to leave.

You forgot to add that inflation is expected to grow to 2% + to offset that...still, if I can still afford it, at least I will be able to buy butter in 8oz packs again!

please dont do that, inflation does not "offset" GDP. the two are not directly related.

 

[portslade seagull]

No worse than the Brexit fantasy of Golden Times ahead after we exit... Of course no one knows if, when and how this will manifest itself.

But that wasn't the angle portrayed by the remain team. Armeggdon was upon us straight away. Brexit was always 2yrs plus into the future due to article 50 needing to be triggered. Now it seems remain Armeggdon is now however many years it takes to prove yourselves correct

 

[vegster]

Yeah just carry on until you get the result you want. It's what the EU do!

And also exactly what Farage said he would do if the vote had not gone his way!

 

[vegster]

But that wasn't the angle portrayed by the remain team. Armeggdon was upon us straight away. Brexit was always 2yrs plus into the future due to article 50 needing to be triggered. Now it seems remain Armeggdon is now however many years it takes to prove yourselves correct

You are obviously ignoring the increased prices since the Pound lost 20% of its value post referendum. If it hadn't been for concerns about how Trump is going to run the US economy it would have been worse.

 

[goldstone]

Although still significantly below its pre-Brexit predictions of 2.1% growth.

Also forecasts that the UK will be overtaken by growth in the rest of the EU by 2018 (1.8% against UK 1.2%)

Not as rosy as your selective posting

But have any of the forecasts of the "experts" been correct? They have no more idea of forecasting than the man on the Clapham omnibus.

 

[Two Professors]

In your own head I imagine you are the king of repartee.

Good job they haven't fitted doors to the internet-you would never get your swollen head through.Try staying awake in your History lessons and you might find out about the Democrat President who ordered the A-bombs dropped.No,probably not-you would think it Breitbart propaganda.No hope for some people.

 

[Pintos]

We're doomed

 

[portslade seagull]

You are obviously ignoring the increased prices since the Pound lost 20% of its value post referendum. If it hadn't been for concerns about how Trump is going to run the US economy it would have been worse.

You mean companies taking advantage of the situation in some quarter's. Nothing unusual there. Let's hope they drop them back as quickly when the pound strengthens once again. No moaning then eh !

 

[nicko31]

You are obviously ignoring the increased prices since the Pound lost 20% of its value post referendum. If it hadn't been for concerns about how Trump is going to run the US economy it would have been worse.

Slowly getting poorer and meaner. Another rise in inflation this morning..

http://www.independent.co.uk/news/b...weakness-high-street-uk-economy-a7578956.html

 

[vegster]

talking about selective, you seem to have forgotten the Remain camp predicting a -1% growth for 2017 if we voted to leave.




please dont do that, inflation does not "offset" GDP. the two are not directly related.

Oh, so sorry! It's just that increases in GDP do not affect the majority of households in the way that inflation does.

Ps, inflation up again for the third month in a row, any more estimates on growth yet?

 

[GT49er]

You mean companies taking advantage of the situation in some quarter's. Nothing unusual there!

Like Sainsbury's putting the price of aspirin, ibuprofen and paracetomol up 50% overnight. All because of Brexit?........yeh, right!

 

[nicko31]

Oh, so sorry! It's just that increases in GDP do not affect the majority of households in the way that inflation does.

Ps, inflation up again for the third month in a row, any more estimates on growth yet?

We're very fortunate that our self imposed inflation has come at a time of very low background inflation. As it is 3% seems likely, in normal times this could easily have been 5 or 6%.

 

[Beach Hut]

May i ask why thats got to do with UK economic growth ? A tad confused

Once it kicks in recession ergo stunt of growth

 

[One Love]

Good job they haven't fitted doors to the internet-you would never get your swollen head through.Try staying awake in your History lessons and you might find out about the Democrat President who ordered the A-bombs dropped.No,probably not-you would think it Breitbart propaganda.No hope for some people.

Bonkers Completely bonkers.

The last sentence I agree with.

 

[Pretty pink fairy]

you forgot to add that inflation is expected to grow to 2% + to offset that...still, if i can still afford it, at least i will be able to buy butter in 8oz packs again!

what would be wrong with that then
regards
DR

 

[The Clamp]

what would be wrong with that then
regards
DR

Soppy din
Regards
TC

 

[Pretty pink fairy]

Soppy din
Regards
TC

well, we all know what's wrong with you Nibble
regards
DR

 

[wellquickwoody]

Prices of Microsoft Surface Pro to rise between £150 and £400 which Microsoft blames fair and square on the weakness of the pound since Brexit.

 

[Seagull58]

You forgot to add that inflation is expected to grow to 2% + to offset that...still, if I can still afford it, at least I will be able to buy butter in 8oz packs again!

2% inflation is the Bank of England target. They set policy in order to try to get to 2%

 

[GT49er]

Prices of Microsoft Surface Pro to rise between £150 and £400 which Microsoft blames fair and square on the weakness of the pound since Brexit.

Well, they would say that, wouldn't they. I expect their profits will still be very good though.........................