Jump to content
BANGKOK 27 March 2019 08:20
webfact

Extreme Brexit could be worse than financial crisis for UK: BoE

Recommended Posts

15 hours ago, Grouse said:

I guess the combination of the Japan trade deal from 2025 and tariffs on car exports from U.K. AND low volumes are the reason why there will be no new model for Swindon 

 

Another factor that has been bubbling for some time but tends to get ignored is investment returns. To many, profit is seen as a dirty word but the reality is that generating profits in GBP is not so lucrative as it once was.

 

A strong yen, however, eats into the repatriated profits of Japanese exporters, weakening their ability to invest and, ultimately, putting the brakes on Japan’s economy, the world’s third biggest. 

https://www.theguardian.com/world/2016/jun/15/brexit-is-a-huge-negative-for-japanese-companies-in-the-uk

Share this post


Link to post
Share on other sites
16 hours ago, aright said:

I used these graphs to arrive  at my 20% figure

 

Down to 20% from what exactly. If you told us what the real 1980 figure was, rather than just 146 countries, it may mean something.

The only figure that actually means anything is the one stood in front.

Share this post


Link to post
Share on other sites
23 hours ago, aright said:

Do you mean the reality that in 1973 when the UK joined the EEC the resulting 9 member states accounted for 26% of the world economy. Now with 28 member states it accounts for 20% and forecasts say by 2050 it will be less than 10% (smaller than India).

Do you mean the reality of the EU loosing 5% of its market each year, youth unemployment, 1 trillion euro target2 debts owed to Germany which will never be paid.

Do you mean the reality of loosing the UK contribution, fishing rights, far right political parties and populism.

Do you mean the reality that the EU's market growth has been 2% for the last 10 years, the USA by 76%, China by 132% and Greece by minus 50% and there has been no growth in Italy since they joined the euro.

Do you mean the reality of a high-currency financial strait jacket and...…….sorry, I'm tired of typing.  

 

4 hours ago, sandyf said:

Down to 20% from what exactly. If you told us what the real 1980 figure was, rather than just 146 countries, it may mean something.

The only figure that actually means anything is the one stood in front.

Down from 26% to 20%. In isolation that figure is bad enough but when you consider 26% of world trade was produced by 9 member states and only 20% of world trade was produced by 28 member states...….well I will let you draw your own conclusion.

  • Like 2

Share this post


Link to post
Share on other sites
15 minutes ago, aright said:

 

Down from 26% to 20%. In isolation that figure is bad enough but when you consider 26% of world trade was produced by 9 member states and only 20% of world trade was produced by 28 member states...….well I will let you draw your own conclusion.

When people try and use figures from 40 years ago against those compiled recently, there is only one conclusion that can be drawn, garbage.

 

Currently nearly 1.5 million unemployed, only 1 million in 1972  -  now tell me the number of unemployed has not gone up  -  easy to distort isn't it.

Share this post


Link to post
Share on other sites
27 minutes ago, sandyf said:

When people try and use figures from 40 years ago against those compiled recently, there is only one conclusion that can be drawn, garbage.

 

Currently nearly 1.5 million unemployed, only 1 million in 1972  -  now tell me the number of unemployed has not gone up  -  easy to distort isn't it.

The figures you obviously dislike were generated in 1917 to indicate the state of the market over the last 40 years. Are you saying the figures produced  are incorrect and/or you disagree with the conclusions...……………….

 

"I think two things have really moved on since the referendum 40 years ago. The first is the economic picture. Europe has shrunk as a percentage of the world economy"

Daniel Hannan, BBC Radio 5 Live, 5 June 2015

When measured in terms of Purchasing Power Parity, the EU has shrunk as a proportion of world GDP.

 

The fact is your excuses don't change the published figures. 

Share this post


Link to post
Share on other sites
19 minutes ago, sandyf said:

When people try and use figures from 40 years ago against those compiled recently, there is only one conclusion that can be drawn, garbage.

 

Currently nearly 1.5 million unemployed, only 1 million in 1972  -  now tell me the number of unemployed has not gone up  -  easy to distort isn't it.

1) Not garbage. The numbers show a declining trend that will continue.

 

2) No distortion. The actual number of unemployed is higher today but the number in work is much higher now. The are 10 million more people in the UK now than in 1972 (says the ONS at least) and a higher % of the total population is working. With 70% of women (age 16-64) now working as opposed to just 53% in 1971, this 17% increase in the female workforce alone allows for a real net decline in the unemployment rate at the moment. 

 

Share this post


Link to post
Share on other sites
7 hours ago, sandyf said:

I wasn't aware that the remain campaign had been referred to the NCA, source please.

I fully appreciate your point of view, after all human nature being what it is people would be reluctant to consider that they may have been "swayed".

 

The crisis emerged after the Brexit referendum, leading to the finding against Vote Leave which has been referred to the police for busting spending limits

Crucially, the cash was used to pay data firm Aggregate IQ and – a whistleblower and an Oxford professor argue – potentially enabled it to precisely target enough voters on social media to have swayed the Brexit result.

https://www.independent.co.uk/news/uk/politics/brexit-vote-investigate-law-breaking-influence-manipulation-theresa-may-facebook-a8783746.html

And I fully appreciate your point of view, still sore from being on the losing side and still digging up old (and now irrelevant) arguments. Move on! 

 

Just be thankful it wasn't illegal for the government to spend £9m of tax payers money supporting the Remain campaign.  It damn well should have been! 

 

  • Like 1
  • Thanks 1

Share this post


Link to post
Share on other sites

Breaking News!

Sarah Wollaston, Heidi Allen and Anna Soubry have joined eight Labour MPs as a new splinter group.

Share this post


Link to post
Share on other sites

Three MPs leave the Tory Party, Anna Soubry, Sarah Wollaston and Heidi Allen.

Share this post


Link to post
Share on other sites
5 minutes ago, aright said:

Breaking News!

Sarah Wollaston, Heidi Allen and Anna Soubry have joined eight Labour MPs as a new splinter group.

Snap. Prime Ministers Questions should be interesting.

  • Like 1

Share this post


Link to post
Share on other sites
5 minutes ago, vogie said:

Snap. Prime Ministers Questions should be interesting.

Yes. Can't wait.

Share this post


Link to post
Share on other sites
Guest
This topic is now closed to further replies.

  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...