beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 36,453
the point being that without the stimulus there would have been fewer jobs and fewer companies.
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BoE cuts base interest rate to 0.25%
- Thread starter Titanic
- Start date
the point being that without the stimulus there would have been fewer jobs and fewer companies.
vegster
Sanity Clause
- May 5, 2008
- 28,445
Well that's ok then.
That last para is pure speculation.....and those forecasts are rarely right....Absolutely - BoE is printing money as fast as it can, and it's not making any difference - apart from making the already rich even richer, and the poor poorer (massive decline in real wages over the past seven years). Unfortunately we shot ourselves in the foot by voting "Leave" - if the vote had gone the other way we'd be looking at 3% pa GDP growth over the next few years, and the chances of rate rises, reversals of QE, and a decent economic outlook. Oh well
Agree about speculation - but the future was a helluva lot rosier pre-23rd June. And the 2nd quarter data from all sorts of sources was really positive. The Brexit vote has mucked things up royally!
alfredmizen
Banned
- Mar 11, 2015
- 6,342
Whys that , is he going to stimulate the building trade by bombing the shit out of our cities, he's been in favour of it in the past . ,
Hope the Brexiteers are happy.....
The Resolution Foundation think tank has translated the BoE’s new forecasts for 2018 into simple cash figures.
The economy is forecast to be £45bn smaller than previously thought;
Prices are set to be 1.1 percentage points higher;
Nominal earnings are set to be £380 a year lower;
Real earnings are set to be £615 a year lower; and,
Real household income is set to be £680 a year lower.
At least we've got our "sovereignty" back, though
The Resolution Foundation think tank has translated the BoE’s new forecasts for 2018 into simple cash figures.
The economy is forecast to be £45bn smaller than previously thought;
Prices are set to be 1.1 percentage points higher;
Nominal earnings are set to be £380 a year lower;
Real earnings are set to be £615 a year lower; and,
Real household income is set to be £680 a year lower.
At least we've got our "sovereignty" back, though
Cowfold Seagull
Fan of the 17 bus
Well, I'm in the same boat!
vegster
Sanity Clause
- May 5, 2008
- 28,445
Hope the Brexiteers are happy.....
The Resolution Foundation think tank has translated the BoE’s new forecasts for 2018 into simple cash figures.
The economy is forecast to be £45bn smaller than previously thought;
Prices are set to be 1.1 percentage points higher;
Nominal earnings are set to be £380 a year lower;
Real earnings are set to be £615 a year lower; and,
Real household income is set to be £680 a year lower.
At least we've got our "sovereignty" back, though
You forgot to add that our net contribution to the EU budget was £8.5 Billion in 2015, the UK taxpayer lost £10.8 Billion thanks to the collapse of Lloyds and RBS share price since the result of the vote,but as you say, at least we are in control of our destiny now
- Thread starter
- #29
You forgot to add that our net contribution to the EU budget was £8.5 Billion in 2015, the UK taxpayer lost £10.8 Billion thanks to the collapse of Lloyds and RBS share price since the result of the vote,but as you say, at least we are in control of our destiny now
Presumably that is £8.5bn (your number) every year?
beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 36,453
until the Lloyds and RBS shares are sold, the tax payer has lost nothing.
D
Deleted member 22389
Guest
Hope the Brexiteers are happy.....
The Resolution Foundation think tank has translated the BoE’s new forecasts for 2018 into simple cash figures.
The economy is forecast to be £45bn smaller than previously thought;
Prices are set to be 1.1 percentage points higher;
Nominal earnings are set to be £380 a year lower;
Real earnings are set to be £615 a year lower; and,
Real household income is set to be £680 a year lower.
At least we've got our "sovereignty" back, though
Why let it get to you.
Half Time Pies
Well-known member
In the short term perhaps but I would argue that had there been a deeper recession initially then this would have weeded out many of the inefficiencies in the economy and we would now be in a much stronger position.
Hampster Gull
Well-known member
- Dec 22, 2010
- 13,465
Corbyn OUT
vegster
Sanity Clause
- May 5, 2008
- 28,445
Not my number but Private Eye's .. no1422. the point is we have lost more than the money we would have saved in our first year AFTER we officially decouple which won't be til 2020 at the very earliest. Heaven knows how much more we will lose until that time and then we have to hope that the World comes knocking on our door to pay us more than they would for an equivalent product from China,Germany,USA etc etc.
- Thread starter
- #35
But Brexit is forever... billions of pounds every year... forever.
vegster
Sanity Clause
- May 5, 2008
- 28,445
And who will actually get those savings ? it won't be the NHS after all will it ? maybe it will be passed on in tax cuts ? but hey, I earn so little I only pay £95 a month in income tax already..... ordinary people at the bottom of the pile will not see any significant improvement in their lives despite the "savings" and in fact it will probably be worse.
nicko31
Well-known member
A bad day for cashed up Baby Booming Brexiters...
Hampster Gull
Well-known member
- Dec 22, 2010
- 13,465
- Thread starter
- #39
You are joking, right? If not you are criminally insane
I think the CLUE is in the capital LETTERS. Any post from Ernest with CAPITAL letters is a JOKE.
What a mess.