The EU debate - Part III

It's your country and you got control back.

Rule Britannia.

 

And a different more recent poll had the converse result fat lad

 

Tories turning on each other

Theresa May’s Trade Minister Mark Garnier Admits ‘Brexit Means Brexit’ Doesn’t Actually Mean Much

http://m.huffpost.com/uk/entry/uk_5810bbd8e4b0b5cce2cb5b15

 

In an hours time the GDP figures will be announced. It's the first full quarter since the referendum.
Immediately after the referendum the Bank of England predicted 0.1% growth and revised it to 0.3% in September. Be interesting to watch how the press spin whatever is announced but if it's 0.1 - 0.3% then it's in line with expectations.

Previous quarter was 0.7% growth.

 

Pete's been up since 3.30am waiting for these results.

Kustard wants GDP deported as there's no room for a German Democratic Party in New Britain.

 

It's quite a sad day when 0.3% growth is met with cries of joy.

 

Morning ****tard.

How was your commute into your dead end job? In your dead end life?

 

Figure is 0.5% which is much better than anticipated.
Interestingly that is exactly what the OBR predicted in the last budget which suggests economy unaffected by referendum result ( or plus/minus have offset would be a better way to view it)

 

A skim of the world news on the economy, and crisis shows little interest or influence of Brexit. The main EU comments tend to focus on the other failing economies and banking systems like Deutsche Bank and the failings of the Euro.

Some are glowing about Brexit.

http://dollarcollapse.com/precious-metals/gold-currency-crisis-brexit-edition/

This Is What Gold Does In A Currency Crisis, Brexit Edition
OCTOBER 26, 2016 0 COMMENTS

In June the UK shocked the world – or at least the world’s elites – by voting to pull out of the European Union. Economists predicted disaster, EU leaders threatened pain for British exporters and tourists, and the media settled in to watch the UK shrivel and die.

Four months later, the appropriate response is a yawn rather than a scream.



UK economy set to shrug off Brexit in latest GDP figures…For now
(CNBC) – The first indications of how the U.K. economy is performing in the aftermath of the Brexit vote will be known this Thursday, with the release of quarterly gross domestic product (GDP) figures.


Analysts told CNBC they forecast a 0.4 percent growth in the third quarter of this year – an “upside surprise” following the decision last June to leave the European Union. Prior to the vote, many market observers were pointing to economic contractions if voters opted to leave the EU.

The pound, however, did fall hard in foreign exchange markets…

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…which is actually great news for British exporters, who are winning round one of the post-Brexit currency war by selling suddenly-much-cheaper stuff to the rest of the world.

The only losers? Britons who held their savings in local currency and saw the value of their bank accounts fall dramatically. But their solution was actually pretty simple: convert their pounds to gold and watch it soar.

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Britons who did this are up about 25%, which is a pretty good year’s work for any money manager, amateur or professional.

As the “but in the long run Brexit will still be a disaster” drumbeat gets louder and negotiations with the EU drag on, gold should remain a simple, low-stress way for anyone with pounds to sail through the process unscathed.

The broader lesson? As the world descends into debt-driven chaos in coming years, the above charts will be replicated in most national currencies, giving all of us chance to learn from the UK’s example.

 

When you see the breakdown of these figures, it's completely unbalanced. Services up 0.6% which is due to the weakness of the pound. Production and construction falling.

It just suggests that the consequences of Brexit are taking longer to feed through than first anticipated.

http://www.bloomberg.com/news/artic...ves-resilient-to-brexit-with-hollywood-s-help

 

STRONG BRITAIN: Pound rallies as economy GROWS 0.5% post-Brexit proving fear-mongers WRONG

 

The pound has 'rallied' to a massive €1.12 and $1.22!!....which is pretty much where it was a couple of days ago!..

Sorry to disappoint you.,..another Fail or Torygraph headline, no doubt!?...

 

You do realise the world economy is all over the place, so a .5 growth is quite good.

Back to your safe room

 

Express. You can tell by the capital letters as it's targeted at old people with poor eyesight and morons.

 

Japanese carmaker Nissan will build its new Qashqai model in Sunderland, providing a major boost to the economy post Brexit.

http://news.sky.com/story/nissan-opts-to-build-new-car-model-in-sunderland-10633979

 

Define all over the place. How many of top 15 world economies have growth of 0.3% or lower?

 

Belgium agrees CETA trade deal

 

You could have been my macroeconomics lecturer with stellar insight like that. At least this post of yours is decipherable, albeit wrong.

 

You asked for my solution, I gave you it

The debates in the House so far have been pointless, as there was no outline of a strategy.

The courts will indeed decide the course of action from here, I can't see how they can back May's view, but we'll see, hopefully the right result will be delivered.

I never mentioned a second referendum so that's a red herring, I don't see following the due process as 'delaying tactics' either. We'll have to live with the decisions made in the coming months / years for a generation, it needs to right and also what the country wants delivering, my scenario would help ensure that's what was delivered.