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Britain to end year as fastest growing major economy.


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Old 10-12-2016, 23:25
Thiswillbefun
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No they're not. We want control. There's a difference.
So you want immigration to remain at the current levels?
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Old 10-12-2016, 23:29
Eurostar
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Britain to end year as fastest growing major economy.

According to the IMF.

https://www.theguardian.com/business...nd-brexit-vote
So we can all agree that people didn't vote to leave the EU for economic reasons.......it was purely political?
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Old 10-12-2016, 23:43
andykn
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Lol. You carry on believing that. Meanwhile, in the real world, the EU is the only declining trading block in the world.
Declining in what way?
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Old 10-12-2016, 23:47
B-29
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Ireland2day will be along in a minute to dispute that.

It says major economy , not a European backwater that votes multiple times on EU referendums!
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Old 11-12-2016, 00:13
MTUK1
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Declining in what way?
Share of world trade.
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Old 11-12-2016, 00:21
andykn
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Share of world trade.
Ah, back to the developing countries are developing shocker.
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Old 11-12-2016, 00:28
MTUK1
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Ah, back to the developing countries are developing shocker.
Agai, doesn't explain why all other blocks are growing and the EU isn't?
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Old 11-12-2016, 00:36
andykn
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Agai, doesn't explain why all other blocks are growing and the EU isn't?
Er, you'd expect developing countries to develop faster than developed ones. That's what it means. And if they're growing share someone has to lose share.
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Old 11-12-2016, 00:37
Eurostar
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Agai, doesn't explain why all other blocks are growing and the EU isn't?
It actually is growing and will continue to grow for the next few years, albeit at a modest pace. Latest update from November :

Commission forecasts 2017 euro area growth of 1.5% and EU growth of 1.6% hindrances to growth and the weakening of supportive factors. Economic growth in Europe is expected to continue at a moderate pace, as recent labour market gains and rising private consumption are being counterbalanced by a number of hindrances to growth and the weakening of supportive factors. In its autumn forecast released today, the European Commission expects GDP growth in the euro area at 1.7% in 2016, 1.5% in 2017 and 1.7% in 2018 (Spring forecast: 2016: 1.6%, 2017: 1.8%). GDP growth in the EU as a whole should follow a similar pattern and is forecast at 1.8% this year, 1.6% in 2017 and 1.8% in 2018 (Spring forecast: 2016:1.8%, 2017: 1.9%).
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Old 11-12-2016, 01:23
MTUK1
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Er, you'd expect developing countries to develop faster than developed ones. That's what it means. And if they're growing share someone has to lose share.
Still doesn't explain why all other blocks share of world trade is growing. The EU is declining. Its share of world trade is due to halve again by 2025.
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Old 11-12-2016, 01:24
MTUK1
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It actually is growing and will continue to grow for the next few years, albeit at a modest pace. Latest update from November :

Commission forecasts 2017 euro area growth of 1.5% and EU growth of 1.6% hindrances to growth and the weakening of supportive factors. Economic growth in Europe is expected to continue at a moderate pace, as recent labour market gains and rising private consumption are being counterbalanced by a number of hindrances to growth and the weakening of supportive factors. In its autumn forecast released today, the European Commission expects GDP growth in the euro area at 1.7% in 2016, 1.5% in 2017 and 1.7% in 2018 (Spring forecast: 2016: 1.6%, 2017: 1.8%). GDP growth in the EU as a whole should follow a similar pattern and is forecast at 1.8% this year, 1.6% in 2017 and 1.8% in 2018 (Spring forecast: 2016:1.8%, 2017: 1.9%).
Basically flat over the last 10 years. Nothing to be proud of. Especially when the U.K. Has created more jobs than the entire EU put together in the last 6 years.
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Old 11-12-2016, 01:37
Eurostar
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Basically flat over the last 10 years. Nothing to be proud of. Especially when the U.K. Has created more jobs than the entire EU put together in the last 6 years.
It would be extremely difficult for the EU as a whole (28 countries) to show high growth. Some countries would be doing very well whilst others would be struggling and this would be reflected in the figures. If you were going to compare the UK's growth figures, you could really only do it with individual EU states rather than the union in its entirety.
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Old 11-12-2016, 01:39
alfamale
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Basically the growth of UK, EU and G7 countries have virtually mirrored each other in the last few years, any differences are marginal and almost random. Look:
https://www.ons.gov.uk/chartimage?ur...r2016/fd73df70

But as many people state on this thread already, which looks like some people need constant reminding of............ It's because we are still in the EU. Try as hard as you like, that fact cannot be altered or just ignored as irrelevant.
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Old 11-12-2016, 08:57
andykn
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Still doesn't explain why all other blocks share of world trade is growing. The EU is declining. Its share of world trade is due to halve again by 2025.
Of course it does! All other trade blocs include developing countries, you'd expect them to grow faster than developed ones, that's why they're called developing countries. And if they all grow share it will be at the expense of developed ones.

It's not a failing of the EU that it's not growing trade as fast as places like China.
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Old 11-12-2016, 09:57
Thiswillbefun
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Basically flat over the last 10 years. Nothing to be proud of. Especially when the U.K. Has created more jobs than the entire EU put together in the last 6 years.

Cameron's claim: "For the first five years I was Prime Minister our economy created more jobs than the rest of the EU put together" 7 June 2016

Actual facts:

1. The definition Cameron used to get this result wasn't new jobs but people moving from one job to another. ie horizontal movement between jobs caused by low pay and job insecurity caused, zero hour contracts, temporary roles and job dissatisfaction.

So Cameron just spinning the figures again.

2. These figures only hold true for the first 3 months of each year as there is less job movement at the start of the year in the EU, whereas the UK sees large numbers of people wanting to start the year in a new role. Again due to job dissatisfaction.

3. Germany alone had higher employment growth than the UK over the period. Other countries such as Italy & Spain brought down the average as their economies crashed.
However, jobs growth in the EU was much greater than the UK in 2015 as the employment figures in Italy & Spain have been recovering.

4. The UK has seen the biggest fall in wages among the world's richest nations since 2007. Falling 10.4% between 2007 & 2015 compared to a 23% rise in Poland, a 14% rise in Germany, and 11% in France. Also proving that immigration did not cause the wage drop.

https://fullfact.org/europe/has-uk-c...t-eu-combined/

http://www.bbc.co.uk/news/business-36903032
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Old 11-12-2016, 10:38
Phil 2804
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All due to being in the EU...would have been even better figures if the referendum result had been remain.
The EU economy has grown by less than the UK rate even in Germany growth rate is sluggish. In what way has the EU economy benefited us exactly?
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Old 11-12-2016, 10:56
MTUK1
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Of course it does! All other trade blocs include developing countries, you'd expect them to grow faster than developed ones, that's why they're called developing countries. And if they all grow share it will be at the expense of developed ones.

It's not a failing of the EU that it's not growing trade as fast as places like China.
So all other trading blocks in the world are developing countries?
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Old 11-12-2016, 11:13
andykn
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So all other trading blocks in the world are developing countries?
Include developing countries, yes, AFAIK.
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Old 11-12-2016, 11:18
MTUK1
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Include developing countries, yes, AFAIK.
For goodness sake, I give up. You're saying all other trading blocks only contain developing countries. That's news to me.
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Old 11-12-2016, 12:02
kidspud
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For goodness sake, I give up. You're saying all other trading blocks only contain developing countries. That's news to me.
Yes, please give up and stop spinning your story.

The us market has shrunk as a percentage of world trade, however both the us and eu are still growing.

The uk has done very well within the eu, it must be very hard for you to admit it but it is there for everyone to see.
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Old 11-12-2016, 12:15
howard h
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All due to being in the EU...would have been even better figures if the referendum result had been remain.
You can't, but what can be proved is we are still in the EU, and will be for some time yet!!
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Old 11-12-2016, 13:29
MTUK1
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Yes, please give up and stop spinning your story.

The us market has shrunk as a percentage of world trade, however both the us and eu are still growing.

The uk has done very well within the eu, it must be very hard for you to admit it but it is there for everyone to see.
And it would have and is now doing better outside the declining EU. Very hard for you to admit.
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Old 11-12-2016, 13:36
kidspud
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And it would have and is now doing better outside the declining EU. Very hard for you to admit.
Except there is no reason to believe that and I do not have a clue what you mean by 'now doing better outside', we are not outside so you counter you own argument.

There is nothing stopping us doing well now (and we do).
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Old 11-12-2016, 14:33
Annsyre
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You can't, but what can be proved is we are still in the EU, and will be for some time yet!!
You obviously failed to read my post #15
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Old 11-12-2016, 14:40
Eurostar
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And it would have and is now doing better outside the declining EU. Very hard for you to admit.
Something that is growing every year can not be 'declining'. Decline of market share is a completely different thing.
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