mossdog Posted August 4, 2016 Share Posted August 4, 2016 The Brexiteers have gone quiet...wonder if the reality has set in ?..........what reality? the Uk has been running on "pink diesel" for years like lots of countries have since the abolition of the Gold standard. Lots of companies are only still trading because they can borrow at cheap rates with a forever payback day. A reality check today from Carney! ......The BoE plans to buy another £60 billion of UK government bonds, meaning it will hold a total of £435 billion of them. !!!!!!!! Link to comment Share on other sites More sharing options...
I1L2T3 Posted August 4, 2016 Share Posted August 4, 2016 The economy was struggling before the brexit vote= http://www.cnbc.com/2016/07/12/uk-economy-was-struggling-before-brexit-vote-survey.html How many job loses were they before brexit in the steel industry? The deficit rose under the Tory party before brexit so I don't think us brexiters should take all the blame...... Problem is, and this is not aimed at you because you weren't guilty of it, a lot of Brexiters on here expended an awful lot of energy pre-referendum telling us all how great the economy was. How it was all fixed and what a hero Osborne was. Now it turns out the post-referendum problems were there all along and none of what is about to happen is because of Brexit. Could make it up. Really couldn't. Ever wondered why the official Brexit campaign avoided all the economic arguments? Now you know: they knew exactly what they were leading us in to. Link to comment Share on other sites More sharing options...
melthebell Posted August 4, 2016 Share Posted August 4, 2016 The Bank of England looks like continuing it's policy of reducing interest rates and more quantitive easing. Definition of Madness. Someone who does same thing over and over again expecting a different result. so you know better than financial experts? Link to comment Share on other sites More sharing options...
Anna B Posted August 4, 2016 Share Posted August 4, 2016 Problem is, and this is not aimed at you because you weren't guilty of it, a lot of Brexiters on here expended an awful lot of energy pre-referendum telling us all how great the economy was. How it was all fixed and what a hero Osborne was. Now it turns out the post-referendum problems were there all along and none of what is about to happen is because of Brexit. Could make it up. Really couldn't. Ever wondered why the official Brexit campaign avoided all the economic arguments? Now you know: they knew exactly what they were leading us in to. What I don't understand is why would they? What's in it for them that they would want the UK to fail? If things are bad here, they're also bad inside the EU. I still think we will be better off outside the EU eventually. Link to comment Share on other sites More sharing options...
El Cid Posted August 4, 2016 Share Posted August 4, 2016 What' been sold? Seriously, what? Tote and some bank shares, the student loan book? The Conservatives sold off more public assets in 2015 than in any other year to date, according to new figures. Over £26billion was raised for Government coffers through privatisation, largely thanks to the sale of Eurostar and Royal Mail. Is this £26 billion included in the 2015-16 £533,686m tax receipts? http://www.telegraph.co.uk/news/politics/georgeosborne/12126140/Government-sold-off-more-public-assets-than-ever-before-in-2015.html Link to comment Share on other sites More sharing options...
mossdog Posted August 4, 2016 Share Posted August 4, 2016 Problem is, and this is not aimed at you because you weren't guilty of it, a lot of Brexiters on here expended an awful lot of energy pre-referendum telling us all how great the economy was. How it was all fixed and what a hero Osborne was. Now it turns out the post-referendum problems were there all along and none of what is about to happen is because of Brexit. Could make it up. Really couldn't. Ever wondered why the official Brexit campaign avoided all the economic arguments? Now you know: they knew exactly what they were leading us in to. "a lot of Brexiters on here expended an awful lot of energy pre-referendum telling us all how great the economy was. How it was all fixed and what a hero Osborne was". ........provide us with many posts that said that!...........if you can! or even any. Link to comment Share on other sites More sharing options...
Funky_Gibbon Posted August 4, 2016 Share Posted August 4, 2016 Whilst I agree with the sentiment that our economic growth in recent years has been built on the very dodgy foundations of the government-sanctioned boom in poorly paid insecure work and Osborne doing everything he could to artificially inflate the housing market, and that the economy has been gradually slowing for the past year... to say that today has nothing to do with Brexit and it's just us Remainers moaning is frankly silly. PMI before and after Brexit You only have to look at the PMI survey results (above) taken before and after the referendum to see the immediate impact Brexit has had on our economy. Any figure above 50 indicates a growing industry sector, any figure below it indicates a contracting industry sector. Before the vote the Service and Manufacturing sectors were both reporting growth although confidence was borderline. Post-vote confidence has plummeted and those sectors are now reporting that they are shrinking as new orders dry up, new jobs and investment is put on hold etc. Business likes stability and Brexit was massively destablising. This is not the moaning of bad losers, this is a fact. We essentially volunteered to put ourselves through the pain of suddenly economic downturn all over again because it was so much fun the first time. Carney is left with the only option he could (in much the same way as Brown), throw money into stablising things again and hope that confidence will return. Link to comment Share on other sites More sharing options...
melthebell Posted August 4, 2016 Share Posted August 4, 2016 Whilst I agree with the sentiment that our economic growth in recent years has been built on the very dodgy foundations of the government-sanctioned boom in poorly paid insecure work and Osborne doing everything he could to artificially inflate the housing market, and that the economy has been gradually slowing for the past year... to say that today has nothing to do with Brexit and it's just us Remainers moaning is frankly silly. PMI before and after Brexit You only have to look at the PMI survey results (above) taken before and after the referendum to see the immediate impact Brexit has had on our economy. Any figure above 50 indicates a growing industry sector, any figure below it indicates a contracting industry sector. Before the vote the Service and Manufacturing sectors were both reporting growth although confidence was borderline. Post-vote confidence has plummeted and those sectors are now reporting that they are shrinking as new orders dry up, new jobs and investment is put on hold etc. Business likes stability and Brexit was massively destablising. This is not the moaning of bad losers, this is a fact. We essentially volunteered to put ourselves through the pain of suddenly economic downturn all over again because it was so much fun the first time. Carney is left with the only option he could (in much the same way as Brown), throw money into stablising things again and hope that confidence will return. as i said at the time, cutting yer nose off to spite yer face, thats what we've done Link to comment Share on other sites More sharing options...
mossdog Posted August 4, 2016 Share Posted August 4, 2016 Whilst I agree with the sentiment that our economic growth in recent years has been built on the very dodgy foundations of the government-sanctioned boom in poorly paid insecure work and Osborne doing everything he could to artificially inflate the housing market, and that the economy has been gradually slowing for the past year... to say that today has nothing to do with Brexit and it's just us Remainers moaning is frankly silly. PMI before and after Brexit You only have to look at the PMI survey results (above) taken before and after the referendum to see the immediate impact Brexit has had on our economy. Any figure above 50 indicates a growing industry sector, any figure below it indicates a contracting industry sector. Before the vote the Service and Manufacturing sectors were both reporting growth although confidence was borderline. Post-vote confidence has plummeted and those sectors are now reporting that they are shrinking as new orders dry up, new jobs and investment is put on hold etc. Business likes stability and Brexit was massively destablising. This is not the moaning of bad losers, this is a fact. We essentially volunteered to put ourselves through the pain of suddenly economic downturn all over again because it was so much fun the first time. Carney is left with the only option he could (in much the same way as Brown), throw money into stablising things again and hope that confidence will return. ........trouble is that the money thrown is Phoney!....just like Corbyns policy plans today,all to be paid for on the never never with phony money! Link to comment Share on other sites More sharing options...
El Cid Posted August 4, 2016 Share Posted August 4, 2016 so you know better than financial experts? Its not a matter that the action the bank takes is totally bad, it may be good in the short term, and it may be good for the wealthy. I think the financial experts are split on whether QE works, but it doesnt work for me. Link to comment Share on other sites More sharing options...
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