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GDP surges ahead and beats all expectations in quarter after brexit |
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#1 |
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Forum Member
Join Date: Aug 2016
Posts: 1,014
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GDP surges ahead and beats all expectations in quarter after brexit
Looks like the UK economy is in good shape. With these figures we will grow much faster than our biggest competitors in the G7.
http://www.telegraph.co.uk/business/...figures-to-sh/ |
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#2 |
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Join Date: Dec 2005
Location: London
Posts: 9,411
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But... but... the Treasury said we'd have negative growth this quarter if we voted Leave.
![]() 0.5% is in line with post-crisis average. So the economy isn't doing too badly at all. "Despite Brexit". |
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#3 |
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Forum Member
Join Date: Feb 2016
Posts: 1,236
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UK GDP did not surge ahead in Q3. It dropped from 0.7% to 0.5%
Having said that, it is a good figure and beat most expectations of 0.3/0.4% |
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#4 |
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Join Date: Jan 2012
Posts: 5,100
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These estimates are most likely very wrong and inaccurate. I don't believe them. They will be corrected downwards.
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#5 |
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Join Date: Jul 2012
Posts: 17,652
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So much for Project Farce.
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#6 |
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Join Date: Jul 2012
Posts: 17,652
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Quote:
These estimates are most likely very wrong and inaccurate. I don't believe them. They will be corrected downwards.
![]() If Aurichie says they will be corrected downwards, they'll probably be corrected upwards. |
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#7 |
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Join Date: Aug 2000
Location: North London, UK
Posts: 28,064
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Quote:
These estimates are most likely very wrong and inaccurate. I don't believe them. They will be corrected downwards.
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#8 |
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Join Date: Feb 2016
Posts: 1,236
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From the Guardian.
Service sector grows, everything else shrank Britain’s service sector, which makes up three quarters of the economy, is the only part which grew in the last three months. Service sector output grew by 0.8% in July-September. Construction shrank by 1.4% Agriculture shrank by 0.7% Industrial production shrank by 0.4% And manufacturing (part of production) shrank by 1% |
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#9 |
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Join Date: Oct 2015
Posts: 3,670
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Lol - the 0.5% figure is put out and Sterling shoots up, 15 minutes later it's realised that all growth was down to services (with all other sectors decreasing and two of the three faster than at any time since the recession) and Sterling falls again.
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#10 |
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Forum Member
Join Date: Aug 2016
Posts: 1,014
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It will be interesting to see the rest of the EU's figures for this.
Are they out Friday? Anyone think France, Germany or Italy will be Fri wing quicker than us? |
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#11 |
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Join Date: Jan 2010
Posts: 9,214
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Quote:
9.40am and we already have Post of the Day.
![]() If Aurichie says they will be corrected downwards, they'll probably be corrected upwards. Aurichie you don't happen to know what the lottery numbers definitely won't be on Saturday do you
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#12 |
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Forum Member
Join Date: Apr 2014
Posts: 10,626
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Quote:
Lol - the 0.5% figure is put out and Sterling shoots up, 15 minutes later it's realised that all growth was down to services (with all other sectors decreasing and two of the three faster than at any time since the recession) and Sterling falls again.
I bought a new car in September to beat price rises. The garage was swamped. The guy told me many fleets (business) had brought forward their exchanges to do the same. I know only half the population is prepared to accept what is coming but wealthy are far more represented in that group. |
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#13 |
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Forum Member
Join Date: Sep 2003
Location: Devon
Posts: 48,023
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Well it is 0.2% better than the "experts" predicted and hardly bad news.
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#14 |
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Join Date: Nov 2003
Location: Nailsworth, Gloucestershire
Posts: 10,404
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I do find it funny that any 'bad news' is nothing to do with Brexit, the fall in sterling is nothing to do with Brexit but because it was overvalued for example, but GDP "surges ahead" is everything to do with Brexit.
GDP increasing slightly over the last quarter, and the detailed figures amplify just how unbalanced our economy is, has nothing whatsoever to do with "Brexit" and it is wrong to suggest it is. |
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#15 |
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Forum Member
Join Date: Sep 2003
Location: Devon
Posts: 48,023
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Quote:
GDP increasing slightly over the last quarter has nothing whatsoever to do with "Brexit" and it is wrong to suggest it is.
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#16 |
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Forum Member
Join Date: Jan 2010
Posts: 9,214
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Quote:
I do find it funny that any 'bad news' is nothing to do with Brexit, the fall in sterling is nothing to do with Brexit but because it was overvalued for example, but GDP "surges ahead" is everything to do with Brexit.
GDP increasing slightly over the last quarter, and the detailed figures amplify just how unbalanced our economy is, has nothing whatsoever to do with "Brexit" and it is wrong to suggest it is. Everything that's bad news is because of Brexit according to many on here. Everything from the price of a cup of coffee to job lay offs. Page after page, thread after thread. Any good news is met with more negativity. I've never met anyone in real life with the negativity that flows from every pore of some remainers on here. |
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#17 |
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Forum Member
Join Date: Nov 2003
Location: Nailsworth, Gloucestershire
Posts: 10,404
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Quote:
I do hope you'd be saying the same if the growth figure had been flat or negative.
I might have voted to remain, but for remainers to make similar claims in the event GDP had fallen would be equally nonsensical because, apart from a referendum, nothing has changed. It is going to be a good 2.5 years, at least, before anyone can claim any GDP figures are truly a result of Brexit. |
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#18 |
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Inactive Member
Join Date: May 2011
Posts: 18,881
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Quote:
Markets have worked out its folks bringing forward their spend due to impending inflation. I predicted 0.4% but more spending brought forward than thought. Bloomberg saying that credit cards have been hammered - great joy.
I bought a new car in September to beat price rises. The garage was swamped. The guy told me many fleets (business) had brought forward their exchanges to do the same. I know only half the population is prepared to accept what is coming but wealthy are far more represented in that group. |
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#19 |
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Join Date: Jul 2014
Location: Station Eleven
Posts: 3,492
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Quote:
These estimates are most likely very wrong and inaccurate. I don't believe them. They will be corrected downwards.
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#20 |
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Inactive Member
Join Date: May 2011
Posts: 18,881
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Quote:
9.40am and we already have Post of the Day.
![]() If Aurichie says they will be corrected downwards, they'll probably be corrected upwards. |
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#21 |
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Forum Member
Join Date: Nov 2003
Location: Nailsworth, Gloucestershire
Posts: 10,404
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Quote:
Nobody is saying it's because of Brexit. They are just countering that things aren't working out as bad as some predicted.
Quote:
GDP surges ahead and beats all expectations in quarter after brexit
That seems pretty explicit to me...Quote:
Everything that's bad news is because of Brexit according to many on here. Everything from the price of a cup of coffee to job lay offs. Page after page, thread after thread. Any good news is met with more negativity. I've never met anyone in real life with the negativity that flows from every pore of some remainers on here.
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#22 |
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Forum Member
Join Date: Apr 2014
Posts: 10,626
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Quote:
Why would they do that when the economy is about to suffer a Brexit collapse?
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#23 |
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Join Date: Oct 2013
Posts: 9,328
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The Pound has reached a one week high!!!
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#24 |
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Forum Member
Join Date: Jan 2010
Posts: 9,214
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Quote:
Might I refer you to the tread title...
That seems pretty explicit to me... Quote:
I have also never met anyone in real life who voted leave who has the overwhelming positivity of some Brexiters on here. Many won't even consider there may be some negatives in leaving the EU, which is far from what may happen. Brexit may work out well for this country, but that is very far from certain and I have heard little from politicians, either UK or EU, to alter that.
We're in a situation now where everything bad is being blamed on Brexit. Is it any wonder that some try to balance things out a bit by posting some good news stories? |
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#25 |
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Forum Member
Join Date: Oct 2015
Posts: 3,670
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Quote:
The Pound has reached a one week high!!!
It's now back to where it was this morning and last night... and most of this week. Saying that - it's actually lower to the Euro than it was at the beginning of the week. |
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