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Services sector smashes forecasts


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Old Yesterday, 13:23
Annsyre
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It's pretty obvious that that the service sector could be expected to do well over Christmas and the New Year holidays, and that services sold outside sterling will benefit from the weak pound. To extrapolate that to the performance of the whole economy is stupid and devious, especially as over the past six months nothing much else has happened. But as Brexit bites be very sure that the bad effects will come...
The service sector is the backbone of our economy.

The service sector dominates the UK economy, contributing around 78% of GDP
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Old Yesterday, 13:25
Cheetah666
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So nobody said anything re negative impacts re the economy once we voted to leave?
My post was very clearly worded, so why don't you just respond to it instead of trying to re-word it to suit your own pov.

I'm not aware of anyone on the remain side who said UK exports would suffer while you were still in the single market. If you know of such, post a link to it.
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Old Yesterday, 13:28
Cheetah666
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Indeed, the whole economy seems to be doing quite well.



Well the leading remain campaigners did promise us an immediate emergency budget to cover the tax losses from the utter collapse of the economy which would happen straight after the referendum vote.
You mean Cameron and Osbourne? They also said they would activate Article 50 the very next day, so presumably all their other forecasts were based on that.
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Old Yesterday, 13:28
BrokenArrow
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Depends on the sector. Certainly things have slowed down un the sector I work in since the vote
Are you an EU bureaucrat?
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Old Yesterday, 15:12
Mr Moritz
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My post was very clearly worded, so why don't you just respond to it instead of trying to re-word it to suit your own pov.

I'm not aware of anyone on the remain side who said UK exports would suffer while you were still in the single market. If you know of such, post a link to it.
My response was also pretty clear, I said it matters, now you want me to post links re why it matters and what exactly is my pov?
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Old Yesterday, 15:22
andykn
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Indeed, the whole economy seems to be doing quite well.

Well the leading remain campaigners did promise us an immediate emergency budget to cover the tax losses from the utter collapse of the economy which would happen straight after the referendum vote.
You should have posted a link - but of course that would show you were making stuff up.

The emergency budget, immediately vetoed by senior Tories, was to offset the damage predicted by the NIESR for after we left.

See here:

http://www.bbc.co.uk/news/uk-politic...endum-36534192

and here:

http://www.bbc.co.uk/news/uk-politic...endum-36372125
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Old Yesterday, 15:25
Cheetah666
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My response was also pretty clear, I said it matters, now you want me to post links re why it matters and what exactly is my pov?
I want you to post links to anybody saying that British exports would be damaged while still being in the single market.
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Old Yesterday, 15:32
CSJB
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You should have posted a link - but of course that would show you were making stuff up.

The emergency budget, immediately vetoed by senior Tories, was to offset the damage predicted by the NIESR for after we left.

See here:

http://www.bbc.co.uk/news/uk-politic...endum-36534192

and here:

http://www.bbc.co.uk/news/uk-politic...endum-36372125
Maybe it would be wise if you read your own links before posting.

"George Osborne, together with the former Labour Chancellor Alistair Darling, vows today that the hit to the economy would be so great if we vote to leave the EU that he'd hold a Budget with cuts and tax rises almost immediately."

"Mr Cameron said "nobody wants to have an emergency Budget, nobody wants to have cuts in public services, nobody wants to have tax increases," but he said the economic "crisis" that would follow a vote to leave could not be ignored."

They aren't talking about 2 years time after we have left the EU, the economic armageddon would start immidiately after a vote to leave.
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Old Yesterday, 16:38
andykn
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Maybe it would be wise if you read your own links before posting.

"George Osborne, together with the former Labour Chancellor Alistair Darling, vows today that the hit to the economy would be so great if we vote to leave the EU that he'd hold a Budget with cuts and tax rises almost immediately."

"Mr Cameron said "nobody wants to have an emergency Budget, nobody wants to have cuts in public services, nobody wants to have tax increases," but he said the economic "crisis" that would follow a vote to leave could not be ignored."

They aren't talking about 2 years time after we have left the EU, the economic armageddon would start immidiately after a vote to leave.
You've read what you want to read, not what he said or the article explained. The cuts and tax rises vetoed by senior Tories would be immediate but he says nothing about the timing of the hit to the economy, just the reports that this is based on which predict the damage further down the line.

He just wanted to prepare and not to have to abandon his deficit target. The vetoing of the emergency budget meant that the deficit target was abandoned immediately after the vote.
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Old Today, 01:26
alfamale
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The service sector is the backbone of our economy.

The service sector dominates the UK economy, contributing around 78% of GDP
Which is why Brexit right now is such a dumb idea. Because we need to re-balance our economy away from services (and eradicate the deficit) before we carry out something that will considerably slow down the services sector economy - as that's the sector most likely not to get access to the EU market any longer, irrespective of whether a hard or soft brexit.
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Unread Today, 08:35
Mr Moritz
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I want you to post links to anybody saying that British exports would be damaged while still being in the single market.
Yes and I wanted you to tell me (not link to) what my pov is, not going to happen is it?

Remainers used information (http://www.dailymail.co.uk/news/arti...#ixzz4UwWrxOba ) to give dire warnings about the economy which I assume exports are part of that equation.

Just to recap you said 'does it matter' I said yes it does and I said why, if you wish to navel graze about exports in a single market you do so, but the elephant is still in the room i.e. re the predictions were wrong and that matters more than you think.
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