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GDP surges ahead and beats all expectations in quarter after brexit
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10000maniacs
27-10-2016
Originally Posted by James_Orton:
“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/”

But.....but..... brexit has not happened yet. Everything is the same until the end of March 2019.
Half of that extra 2% was boosts in movie production that were financed before the Brexit vote.
trevgo
27-10-2016
Originally Posted by 10000maniacs:
“But.....but..... brexit has not happened yet. Everything is the same until the end of March 2019.”

Of course.

It's like a man who says he will jump off a cliff next March, says he's fine today, and everyone rejoices.
NilSatisOptimum
27-10-2016
So being in EU is good for business, who would have thought!
peter05
27-10-2016
Originally Posted by James_Orton:
“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/”

That sound great and from what I hear from brexiters, everything else in the UK is great now wages have gone up, the NHS is doing great and they will not need any extra money from the goverment, farmers have never had such a good year, fisherman are saying fishing quoters have gone through the roof, car sales are up and house builders are so busy they will need another 3 million workers and taxes and vat are coming down for everybody, really sounds great shame I have left the UK now, still I expect my UK pension will go up soon
Penny Crayon
27-10-2016
Originally Posted by Dotheboyshall:
“The Pound has reached a one week high!!!”

https://media.giphy.com/media/pBevuxpD4Tq4U/giphy.gif
allaorta
27-10-2016
Originally Posted by Aurora13:
“Err... to save money. Why pay 10% more for your vehicle next year?”

You didn't get it, did you?
Barney015
27-10-2016
Originally Posted by allaorta
Why would they do that when the economy is about to suffer a Brexit collapse?

Originally Posted by Aurora13:
“Err... to save money. Why pay 10% more for your vehicle next year?”

Would businesses really bring forward their spending just to save 10% if they thought the economy (and maybe their own companies) would be in trouble in a year or so?
Is it not usually the other way around and they put off spending?
Surely they would not spend money until they were more certain of future events.
Why risk taking on extra costs if (according to the 'Bremoaners') the UK will become an economically isolated almost third world country after we finally leave the sclerotic EU.

Could not an increase in business spending or investment show that companies had more faith and a more optimistic view of the long term future of the UK economy than all the moaning 'Remainers'?
allaorta
27-10-2016
Originally Posted by trevgo:
“Of course.

It's like a man who says he will jump off a cliff next March, says he's fine today, and everyone rejoices.”

Interestingly the highest cliff on the South Coast is called Golden Cap. What a great place name to jump from, unless of course you land in one of the ledge marshes.
allaorta
27-10-2016
Originally Posted by Barney015:
“Originally Posted by allaorta
Why would they do that when the economy is about to suffer a Brexit collapse?



Would businesses really bring forward their spending just to save 10% if they thought the economy (and maybe their own companies) would be in trouble in a year or so?
Is it not usually the other way around and they put off spending?
Surely they would not spend money until they were more certain of future events.
Why risk taking on extra costs if (according to the 'Bremoaners') the UK will become an economically isolated almost third world country after we finally leave the sclerotic EU.

Could not an increase in business spending or investment show that companies had more faith and a more optimistic view of the long term future of the UK economy than all the moaning 'Remainers'?”

See my post above yours. Seems like us dimbo Brexiters are the only ones who get anything.
TCD1975
27-10-2016
Originally Posted by trevgo:
“Of course.

It's like a man who says he will jump off a cliff next March, says he's fine today, and everyone rejoices.”

I'd say it's more like people insisting that a man will jump off a cliff tomorrow and then, when he doesn't, saying that he's definitely going to jump off the cliff in two years time.
Payne by name
27-10-2016
Originally Posted by aurichie:
“These estimates are most likely very wrong and inaccurate. I don't believe them. They will be corrected downwards.”

Sorry, are you talking about the doom laden estimates that we kept hearing before the referendum. They've certainly been corrected downwards from the economic armageddon.
James_Orton
27-10-2016
Originally Posted by Payne by name:
“Sorry, are you talking about the doom laden estimates that we kept hearing before the referendum. They've certainly been corrected downwards from the economic armageddon.”

The treasury had a best case scenario of a - 0.1 drop in GDP this quarter.
Eurostar
27-10-2016
Originally Posted by NilSatisOptimum:
“So being in EU is good for business, who would have thought!”

It does show that 17m people voted for Brexit either on the grounds of immigration or to "take back control" from Brussels, seeing as the economy was and is in great shape as part of the EU and the Single Market.
Payne by name
27-10-2016
Originally Posted by Eurostar:
“It does show that 17m people voted for Brexit either on the grounds of immigration or to "take back control" from Brussels, seeing as the economy was and is in great shape as part of the EU and the Single Market.”

That's like saying Usain Bolt is only fast when he's in the Jamaican relay team.
MTUK1
27-10-2016
Originally Posted by MargMck:
“9.40am and we already have Post of the Day.

If Aurichie says they will be corrected downwards, they'll probably be corrected upwards.”

this guy lives on another planet. As soon as I heard these figures, I thought about Aurichie and Ireland2day and how these figures would ruin their doom laden day.
Eurostar
27-10-2016
Originally Posted by Payne by name:
“That's like saying Usain Bolt is only fast when he's in the Jamaican relay team.”

Well, people surely can't have voted for Brexit for economic reasons. The economy was in great shape before the referendum and unemployment was at an eleven year low. I think there was an opinion poll a few weeks before the referendum where people said they were prepared to take a financial hit in order to get out of the EU, so the vote clearly nothing to do economics or the amount of money people had in their pockets.
MTUK1
27-10-2016
Originally Posted by Eurostar:
“Well, people surely can't have voted for Brexit for economic reasons. The economy was in great shape before the referendum and unemployment was at an eleven year low. I think there was an opinion poll a few weeks before the referendum where people said they were prepared to take a financial hit in order to get out of the EU, so the vote clearly nothing to do economics or the amount of money people had in their pockets.”

We're taking an economic hit being in the EU.
BrokenArrow
27-10-2016
Originally Posted by HR Guru:
“Lol it had for a whole 15 minutes before the data was dissected and everybody realised that the 0.5 % growth was entirely made up by services.”

Interesting that you think that services, which makes up 75% of the economy, is not a sector of any worth.
Eurostar
27-10-2016
Originally Posted by MTUK1:
“We're taking an economic hit being in the EU.”

That was certainly the claim by Boris Johnson and one or two others, yes, that not only would things remain the same after Brexit but that the UK would be even better off and more prosperous once it was out of the EU.
Mr Oleo Strut
27-10-2016
Originally Posted by James_Orton:
“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/”

Benefit of still being in the EU. Brexit hasn't happened yet. It's not rocket science.
soma_
27-10-2016
Originally Posted by BrokenArrow:
“Interesting that you think that services, which makes up 75% of the economy, is not a sector of any worth.”

its not of any real worth .. value and money is created via the industrial sectors.
BrokenArrow
27-10-2016
Originally Posted by soma_:
“its not of any real worth .. value and money is created via the industrial sectors.”

and what is the industrial sector going to make if no one designs it for them?
Phil 2804
27-10-2016
Originally Posted by soma_:
“its not of any real worth .. value and money is created via the industrial sectors.”

Airports are service sector industries. Are you saying Heathrow, Gatwick etc create no real value to the economy?
10000maniacs
27-10-2016
Originally Posted by Dotheboyshall:
“The Pound has reached a one week high!!!”


its still hovering under the $1.22
HR Guru
27-10-2016
Originally Posted by BrokenArrow:
“Interesting that you think that services, which makes up 75% of the economy, is not a sector of any worth.”

Entirely failed to understand the point I was making. Services is the bread and butter of the UK. Services is what will be impacted the most by leaving single market as no FTA includes services, and in particular financial and insurance services.

The media industry will also be particularly hard hit.
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