EU Referendum

[MarkE]

Let's not also mention that apart from a blip in housing sales that lasted a week business is still there at pre-Brexit levels.

Yes and the FTSE 250, often quoted as the one that really shows the state of the economy, being made up mostly of smaller UK companies. This is now back up to pre brexit levels. Not that it seems worthy of airtime now that it's recovered.
http://www.hl.co.uk/shares/stock-market-summary/ftse-250

 

[Foxholer]

Yes and the FTSE 250, often quoted as the one that really shows the state of the economy, being made up mostly of smaller UK companies. This is now back up to pre brexit levels. Not that it seems worthy of airtime now that it's recovered.
http://www.hl.co.uk/shares/stock-market-summary/ftse-250

Need to remember to take 10% off for the difference in value of the pound against 'other' currencies! Probably not quite as much effect on the 250 as on the 100, but certainly a factor! Or maybe the BofE's decisions/policies have had a beneficial effect! Or maybe everyone is realising that there's a lot of work to do before Brexit actually happens!

 

[MarkE]

Need to remember to take 10% off for the difference in value of the pound against 'other' currencies! Probably not quite as much effect on the 250 as on the 100, but certainly a factor! Or maybe the BofE's decisions/policies have had a beneficial effect! Or maybe everyone is realising that there's a lot of work to do before Brexit actually happens!

But when the ftse100 rebounded, the experts told us that was'nt a true reflection and we needed to look at the 250. Well that has rebounded as well but it is'nt reported, probably because it does'nt fit in with the economists dire outlook.

 

[Hobbit]

But when the ftse100 rebounded, the experts told us that was'nt a true reflection and we needed to look at the 250. Well that has rebounded as well but it is'nt reported, probably because it does'nt fit in with the economists dire outlook.

But don't you realise there's a conspiracy by the establishment to overturn Brexit by the back door? Give it 6 months of dire warnings and there'll be another vote that will include some silly giveaways from the EU. Everyone and their dog will vote to Remain out of fear.

 

[MarkE]

But don't you realise there's a conspiracy by the establishment to overturn Brexit by the back door? Give it 6 months of dire warnings and there'll be another vote that will include some silly giveaways from the EU. Everyone and their dog will vote to Remain out of fear.

I don't think so. There's too many euro sceptics in government for that to happen now. Even the PM, while nominally backing Remain has always been very wary of the eu.

 

[vkurup]

The latest GDP figures are almost irrelevant as they are before Brexit. So while every uptick is welcome, I wont read too much into it.
This quarter GDP figures will also be irrelant as they will have some sort of shock in built into it.
GBP has been steadily down since Brexit. FTSE 100 is irrelvant as it is no mirror to the UK economy. FTSE 250 is a decent barometer. Good work so far from BoE (led by Mark grim-wet-haddock-slapped C). Phil H doing alright with Treasury. Drop in GBP meant we lost ARM, but gained some investments from the likes of GSK.

Worry bits are around consumer confidence, investor confidence and purchasing manager confidence. By not triggering A50 immediately, we may have averted short term crises. No one can talk about long term impact until other external factors like US election, increasing geo-political risks in EU due to recent events etc come into play.. and everything will be in hindsight..

 

[SocketRocket]

The latest GDP figures are almost irrelevant as they are before Brexit. So while every uptick is welcome, I wont read too much into it.
This quarter GDP figures will also be irrelant as they will have some sort of shock in built into it.
GBP has been steadily down since Brexit. FTSE 100 is irrelvant as it is no mirror to the UK economy. FTSE 250 is a decent barometer. Good work so far from BoE (led by Mark grim-wet-haddock-slapped C). Phil H doing alright with Treasury. Drop in GBP meant we lost ARM, but gained some investments from the likes of GSK.

Worry bits are around consumer confidence, investor confidence and purchasing manager confidence. By not triggering A50 immediately, we may have averted short term crises. No one can talk about long term impact until other external factors like US election, increasing geo-political risks in EU due to recent events etc come into play.. and everything will be in hindsight..

All pretty grim news then even the FTSE 250. Marc C said he would like his Haddock back when you've finished with it.

This is another view that ha some balance.
http://www.bbc.co.uk/news/business-36897179

 

[drdel]

Those of you who wish to believe "every expert Remain economist" (I'm one economist who disagrees) and other doom merchants might like to think how the UK compares with the RoW for business investment/location.

The UK is a pretty stable country politically
Labour force is generally intelligent and stable
Property is a relatively safe investment
Transport links are good
Corporation tax etc is reasonable
Currency is (on balance) reliable (at the moment competitive
the insurance sector works
IPR regs and other corporate laws are generally transparent and upheld, levelling the playing field
Good Banking capitalisation/investor capital

Forget the financial speculators and short term 'betting' in the 'markets'. The UK is a very good place to do business when compared the other nations.

 

[Hobbit]

Those of you who wish to believe "every expert Remain economist" (I'm one economist who disagrees) and other doom merchants might like to think how the UK compares with the RoW for business investment/location.

The UK is a pretty stable country politically
Labour force is generally intelligent and stable
Property is a relatively safe investment
Transport links are good
Corporation tax etc is reasonable
Currency is (on balance) reliable (at the moment competitive
the insurance sector works
IPR regs and other corporate laws are generally transparent and upheld, levelling the playing field
Good Banking capitalisation/investor capital

Forget the financial speculators and short term 'betting' in the 'markets'. The UK is a very good place to do business when compared the other nations.

The bit in bold is what I can't believe the media runs with. Everyone with half a cell will know that the market is, to a large extent, being played. There'll have been spread betting by the speculators, buying and selling stocks, shares and currencies. Failing businesses have the perfect opportunity to write up the accounts and statements to their share holders that will offset blame.

Or alternatively, we can believe the spin because it salves our conscience and satisfies our argument.

 

[Oohmeoldbacksknackered]

Been away a while and came back to 10 pages or so of this thread. I think it's safe to say that in that time insults have been a-flying and absolutely no one has changed their position an inch.
It's interesting that some people are so willing to spend so much time in such a futile pursuit.
Me? Well I wasted hours reading the stuff so I'm going to blimmin' well jump back in there too..

1) Brexit is not going to cause the end of the world. Trump and Putin going head to head just might (feels just like the early 80s again, doesn't it? )
2) Bankers and other financial experts moaning that we've brought on this mini recession ourselves because we stupidly used our democratic right is a bit rich considering the depths they and their international buddies took the whole world to in 2008 because of their greed and short-sightedness.

Back into my box now. Play nice people.
😘

 

[BesCumber]

1) Brexit is not going to cause the end of the world. Trump and Putin going head to head just might (feels just like the early 80s again, doesn't it? )



Oh great. Nothing but spots, insecurity and frequent humiliation to look forward to then.

 

[Oohmeoldbacksknackered]

Oh great. Nothing but spots, insecurity and frequent humiliation to look forward to then.

Ah yes..
But in those days I never had a single hangover.

AND I had hair and a flat belly

I miss those days.

🤘

 

[Deleted member 18121]

http://www.bbc.co.uk/news/business-36912676

Clutching at straws now. I swear the Beeb has no shame whatsoever, they are the most biased organisation.

 

[SocketRocket]

http://www.bbc.co.uk/news/business-36912676

Clutching at straws now. I swear the Beeb has no shame whatsoever, they are the most biased organisation.

Thats correct, they like nothing more than talking down anything that goes against the grain of their Liberal elite lovey hierarchy.

 

[vkurup]

http://www.bbc.co.uk/news/business-36912676

Clutching at straws now. I swear the Beeb has no shame whatsoever, they are the most biased organisation.

maybe i mis understand this. Beebs reports the drop in manufacturing confidence which is a fact. how does that make it biased?
They also reported the investments by Siemens and GSK, why did everyone not shout that they are too optimistic/backing Brexit etc?

Just because the news does not favour peoples view on the the reporting, does it make it biased?

 

[Kellfire]

How dare the BBC report things. HANG THEM ALL.

 

[Foxholer]

...
Clutching at straws now. I swear the Beeb has no shame whatsoever, they are the most biased organisation.

Thats correct, they like nothing more than talking down anything that goes against the grain of their Liberal elite lovey hierarchy.

Utter Tosh! Their editorial policy - followed up by their actual performance - is as close to unbiased as it's possible to be!

And, unlike most newspapers - which are really simply a medium to broadcast the opinion of owners/editors - there are built in, and simple, ways in which perceived bias can be challenged!

Just because an article is published that conflicts with your own point of view (or bias?) doesn't mean the publisher is biased!

There's a huge difference between publishing articles containing facts and taking a (editorial) view on what the facts in the article mean! THATS where the Beeb is different from newspapers!

 

[jp5]

You really are quite deluded if you believe that the the BBC are biased.

Easy enough to find positive Brexit articles on the BBC if you bother looking.

 

[FairwayDodger]

We're in the era of post-truth politics. Facts no longer matter, it's all about who can shout the loudest, play on base fears most effectively, promise the earth without having to actually deliver etc.

Cue howls of derision whenever anyone dares question the ideology with actual facts.

That's why brexit won, why trump will win and why, ultimately, the SNP will win an independence referendum.

 

[BesCumber]

You know things are bad when an article claims Yorkshiremen/ladies are the most optimistic...