I see one of our largest EU neighbours had growth of 0.2%.
Not good for Hollande in an election year, that won't boost jobs.
Not good for Hollande in an election year, that won't boost jobs.
GDP surges ahead and beats all expectations in quarter after brexit
3 of 4
Originally Posted by James_Orton:
“I see one of our largest EU neighbours had growth of 0.2%.
Not good for Hollande in an election year, that won't boost jobs.”
“I see one of our largest EU neighbours had growth of 0.2%.
Not good for Hollande in an election year, that won't boost jobs.”
Hollande is done and for good reason. Roll on Juppe who has a firm lead over anyone else and who has actually done some real government work previously.
I see our neighbour battling with a government in deadlock and high youth unemployment has beaten both the UK and France with a 0.7% increase and a 3.2% increase y-o-y.
Originally Posted by HR Guru:
“I see our neighbour battling with a government in deadlock and high youth unemployment has beaten both the UK and France with a 0.7% increase and a 3.2% increase y-o-y.”
“I see our neighbour battling with a government in deadlock and high youth unemployment has beaten both the UK and France with a 0.7% increase and a 3.2% increase y-o-y.”
Spain well on to its way to recovery.
Originally Posted by ireland2day:
“Spain well on to its way to recovery.”
“Spain well on to its way to recovery.”
I'm going to applaud you for having a sense of humour. What's its unemployment rate?
Why do people keep saying 'after Brexit'? We haven't even triggered Article 50 yet, let alone left the EU.
Originally Posted by MTUK1:
“I'm going to applaud you for having a sense of humour. What's its unemployment rate?”
“I'm going to applaud you for having a sense of humour. What's its unemployment rate?”
Yesterday it hit a six year low falling below 20%
Yes that is still too high but remember Ireland's recovery has reduced unemployment by over 50% here.
Things picking up in Spain, that is for sure.
Originally Posted by ireland2day:
“Yesterday it hit a six year low falling below 20%
Yes that is still too high but remember Ireland's recovery has reduced unemployment by over 50% here.
Things picking up in Spain, that is for sure.”
“Yesterday it hit a six year low falling below 20%
Yes that is still too high but remember Ireland's recovery has reduced unemployment by over 50% here.
Things picking up in Spain, that is for sure.”
Tell that to one of the 50% of youths that are unemployed. And 20% regular unemployment rate is not the sign of a pick up.
Originally Posted by The Brain:
“Why do people keep saying 'after Brexit'? We haven't even triggered Article 50 yet, let alone left the EU.”
“Why do people keep saying 'after Brexit'? We haven't even triggered Article 50 yet, let alone left the EU.”
We will.
Originally Posted by ireland2day:
“Spain well on to its way to recovery.”
“Spain well on to its way to recovery.”
Spain is certainly not well on its way. You would be a fool to think that. Unemployment is astronomical, wages down and the people are not sure what the future holds.
They can only dream of an employment rate in the mid 70s like the UK, or low 60s like Ireland. Until they can get the unemployed busy also and that figure close to 5% like the UK, or 7% in Ireland then gdp growth is a bit moot.
Originally Posted by James_Orton:
“Spain is certainly not well on its way. You would be a fool to think that. Unemployment is astronomical, wages down and the people are not sure what the future holds.
They can only dream of an employment rate in the mid 70s like the UK”
“Spain is certainly not well on its way. You would be a fool to think that. Unemployment is astronomical, wages down and the people are not sure what the future holds.
They can only dream of an employment rate in the mid 70s like the UK”
I agree with you in the main. However, a small technical point: the employment rate today in the UK is more or less the same as it was in the mid 70s. But it's still a lot lower than in Spain and also lower than it has been in the UK for much of the last few decades.
Three centuries of UK economic data:
http://www.bankofengland.co.uk/resea...ries_v2.3.xlsx
Originally Posted by speckly:
“I agree with you in the main. However, a small technical point: the employment rate today in the UK is more or less the same as it was in the mid 70s. But it's still a lot lower than in Spain and also lower than it has been in the UK for much of the last few decades.
Three centuries of UK economic data:
http://www.bankofengland.co.uk/resea...ries_v2.3.xlsx”
“I agree with you in the main. However, a small technical point: the employment rate today in the UK is more or less the same as it was in the mid 70s. But it's still a lot lower than in Spain and also lower than it has been in the UK for much of the last few decades.
Three centuries of UK economic data:
http://www.bankofengland.co.uk/resea...ries_v2.3.xlsx”
Sorry, I was being a spoon. I mean the employment rate being in the mid 70%. I think it is 76% employment rate at the moment.
Thanks for the lin to the spreadsheet. Most interesting to see the data going back that far.
thank you.
Originally Posted by aurichie:
“These estimates are most likely very wrong and inaccurate. I don't believe them. They will be corrected downwards.”
“These estimates are most likely very wrong and inaccurate. I don't believe them. They will be corrected downwards.”
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.”
“9.40am and we already have Post of the Day.
If Aurichie says they will be corrected downwards, they'll probably be corrected upwards.”
Could Christmas get better?
I've won first prize in the aurichie raffle! That's worth another
or two.UK growth following Brexit vote revised up to +0.6%
https://www.theguardian.com/business...-business-live
Originally Posted by Thiswillbefun:
“aka Brexit.
Which has only just started.”
“aka Brexit.
Which has only just started.”
Whatever. The main thing is the figures were revised up. Here, have another
with some ice.
Originally Posted by MTUK1:
“Tell that to one of the 50% of youths that are unemployed. And 20% regular unemployment rate is not the sign of a pick up.”
“Tell that to one of the 50% of youths that are unemployed. And 20% regular unemployment rate is not the sign of a pick up.”
The UK has a 34% under-employment rate.
i.e 34% of the work force are in jobs which are zero contract, unpaid internships, below a living wage, unstable temporary jobs or part-time.
This excludes the unemployed and those who are unemployed but can't claim under Tory policy.
That is how the UK keeps the unemployment figures down, and it's nothing to be proud about.
Under employment. Is this the new term when the narrative doesn't go your way on employment figures.
Perhaps stating what the under employment figure was for the last 20 years might help.
Perhaps stating what the under employment figure was for the last 20 years might help.
Originally Posted by Thiswillbefun:
“The UK has a 34% under-employment rate.
i.e 34% of the work force are in jobs which are zero contract, unpaid internships, below a living wage, unstable temporary jobs or part-time.
This excludes the unemployed and those who are unemployed but can't claim under Tory policy.
That is how the UK keeps the unemployment figures down, and it's nothing to be proud about.”
“The UK has a 34% under-employment rate.
i.e 34% of the work force are in jobs which are zero contract, unpaid internships, below a living wage, unstable temporary jobs or part-time.
This excludes the unemployed and those who are unemployed but can't claim under Tory policy.
That is how the UK keeps the unemployment figures down, and it's nothing to be proud about.”
Where have you got 34% under-employed from?
Jul-Sep 2016 people aged 16 or over.
Total Employment 31,880,000
Underemployment 2,688,000. 8.4%
Overemployment 3,275,000. 10.3%
https://www.ons.gov.uk/employmentand...mploymentemp16
Originally Posted by Thiswillbefun:
“The UK has a 34% under-employment rate.
i.e 34% of the work force are in jobs which are zero contract, unpaid internships, below a living wage, unstable temporary jobs or part-time.
This excludes the unemployed and those who are unemployed but can't claim under Tory policy.
That is how the UK keeps the unemployment figures down, and it's nothing to be proud about.”
“The UK has a 34% under-employment rate.
i.e 34% of the work force are in jobs which are zero contract, unpaid internships, below a living wage, unstable temporary jobs or part-time.
This excludes the unemployed and those who are unemployed but can't claim under Tory policy.
That is how the UK keeps the unemployment figures down, and it's nothing to be proud about.”
I never said it was, you did. But come on, our figures are nowhere near as bad as Spain or Greece. And it's laughable to pretend they are.
Originally Posted by Mark_Jones9:
“Where have you got 34% under-employed from?
Jul-Sep 2016 people aged 16 or over.
Total Employment 31,880,000
Underemployment 2,688,000. 8.4%
Overemployment 3,275,000. 10.3%
https://www.ons.gov.uk/employmentand...mploymentemp16”
“Where have you got 34% under-employed from?
Jul-Sep 2016 people aged 16 or over.
Total Employment 31,880,000
Underemployment 2,688,000. 8.4%
Overemployment 3,275,000. 10.3%
https://www.ons.gov.uk/employmentand...mploymentemp16”
I think that he may have got it from Corbyn's box of lies
Like trains being "ram packed"
And this week - the UK being the 6th richest country in the world (we are actually the 27th)
Originally Posted by MargMck:
“Whatever. The main thing is the figures were revised up. Here, have another with some ice.”
“Whatever. The main thing is the figures were revised up. Here, have another
with some ice.”
No, the main points are:
1. FTSE 100 (predominantly overseas businesses) rises - benefiting from a weak UK.
2. The pound falls back. Indications of the post Trump boost fading and sterling returning to it's new weakened position.
3. A 0.5% growth, falling from 0.7%. Although this always fluctuates for multiple reasons, fall in sterling has led to an increase in demand within the service sector. This has also been assisted by the BoE's Quantitative Easing and the cut in corporation tax, which have added to the population's tax burden.
4. While the services sector grew by 0.8pc in the third quarter, the other major sectors all contracted – construction fell by 1.4pc, agriculture by 0.7pc, and production - which includes industries such as mining and waste management - by 0.4pc. Within that, manufacturing output dropped by 1pc.
i.e take out the services sector, which is London-centric, and the rest of the economy really is crashing.
5. The article states that the -0.1% was the "worst case scenario".
6. Further down the page:
Trading software group Fidessa enjoyed its best day in eight months after it said the post-referendum pound plunge will boost its full-year results.
With more than 60pc of its revenue coming from outside of Europe, analysts at Jefferies flagged that the currency benefit to full-year revenue growth has now increased to 7.2pc due to the pound weakness.
Originally Posted by Thiswillbefun:
“No, the main points are:
1. FTSE 100 (predominantly overseas businesses) rises - benefiting from a weak UK.
2. The pound falls back. Indications of the post Trump boost fading and sterling returning to it's new weakened position.
3. A 0.5% growth, falling from 0.7%. Although this always fluctuates for multiple reasons, fall in sterling has led to an increase in demand within the service sector. This has also been assisted by the BoE's Quantitative Easing and the cut in corporation tax, which have added to the population's tax burden.
4. While the services sector grew by 0.8pc in the third quarter, the other major sectors all contracted – construction fell by 1.4pc, agriculture by 0.7pc, and production - which includes industries such as mining and waste management - by 0.4pc. Within that, manufacturing output dropped by 1pc.
i.e take out the services sector, which is London-centric, and the rest of the economy really is crashing.
5. The article states that the -0.1% was the "worst case scenario".
6. Further down the page:
Trading software group Fidessa enjoyed its best day in eight months after it said the post-referendum pound plunge will boost its full-year results.
With more than 60pc of its revenue coming from outside of Europe, analysts at Jefferies flagged that the currency benefit to full-year revenue growth has now increased to 7.2pc due to the pound weakness.”
“No, the main points are:
1. FTSE 100 (predominantly overseas businesses) rises - benefiting from a weak UK.
2. The pound falls back. Indications of the post Trump boost fading and sterling returning to it's new weakened position.
3. A 0.5% growth, falling from 0.7%. Although this always fluctuates for multiple reasons, fall in sterling has led to an increase in demand within the service sector. This has also been assisted by the BoE's Quantitative Easing and the cut in corporation tax, which have added to the population's tax burden.
4. While the services sector grew by 0.8pc in the third quarter, the other major sectors all contracted – construction fell by 1.4pc, agriculture by 0.7pc, and production - which includes industries such as mining and waste management - by 0.4pc. Within that, manufacturing output dropped by 1pc.
i.e take out the services sector, which is London-centric, and the rest of the economy really is crashing.
5. The article states that the -0.1% was the "worst case scenario".
6. Further down the page:
Trading software group Fidessa enjoyed its best day in eight months after it said the post-referendum pound plunge will boost its full-year results.
With more than 60pc of its revenue coming from outside of Europe, analysts at Jefferies flagged that the currency benefit to full-year revenue growth has now increased to 7.2pc due to the pound weakness.”
When the FTSE 100 dropped the day after the referendum we were told that it was Armageddon and that the country was poorer because of it. So which is it?
Originally Posted by mungobrush:
“I think that he may have got it from Corbyn's box of lies
Like trains being "ram packed"
And this week - the UK being the 6th richest country in the world (we are actually the 27th)”
“I think that he may have got it from Corbyn's box of lies
Like trains being "ram packed"
And this week - the UK being the 6th richest country in the world (we are actually the 27th)”
deleted
Originally Posted by MTUK1:
“We will.”
“We will.”
No one doubts we will, but that still doesn't alter the fact that we haven't yet, but it doesn't seem to stop people from the future travelling back in time to make threads about what has happened since we did leave
.
Originally Posted by Resonance:
“When the FTSE 100 dropped the day after the referendum we were told that it was Armageddon and that the country was poorer because of it. So which is it?”
“When the FTSE 100 dropped the day after the referendum we were told that it was Armageddon and that the country was poorer because of it. So which is it?”
It depends of the geography of the individual businesses.
The country is poorer due to Brexit.
An international conglomerate which trades across the planet won't suffer and will be able to restructure to take advantage of Brexit.
Alongside this, they will take advantage of the additional corporation tax cuts & the "sweetener" deals our governments are giving them.
3 of 4
