Current Affairs EU In or Out

In or Out

  • In

    Votes: 688 67.9%

  • Out

    Votes: 325 32.1%
  • Total voters
    1,013
Status
Not open for further replies.
peteblue said:
You would have been better saying nothing........
Click to expand...

The irony of that statement.


http://www.bbc.co.uk/news/uk-politics-uk-leaves-the-eu-36708774

Business pessimism 'doubles after Brexit vote'
By Helen ThomasBusiness editor, BBC Newsnight
  • 49 minutes ago
  • From the sectionBrexit
_90287290_gettyimages-543146138.jpg
Image copyrightGETTY IMAGES

UK business confidence has fallen sharply in the aftermath of the vote to leave the EU, research suggests.

The share of businesses that reported feeling pessimistic about the UK economy doubled in the week after the Brexit vote.

The figure jumped from 25% the week before the referendum to 49%, according to YouGov and the Centre for Economics and Business Research.

Falling confidence can lead companies to pull back on investment and hiring.

Scott Corfe, director at the CEBR, said that the figures, due to be published on Tuesday, indicated a "significant shock reaction" among UK businesses following the vote last month.

Mr Corfe told BBC Newsnight: "Businesses are clearly spooked by the referendum result and they've reined in their intentions for capital spending. They've reined in their expectations for exports and domestic sales growth.

"And business confidence is a leading indicator for where the economy is heading over the coming quarters. What it suggests is that the economy is in for quite a significant slowdown over the next three to six months."

The figures suggest that businesses have become more cautious in their outlook for sales and exports, as well as rethinking their investment plans.

'Contraction'
Business expectations for UK sales, exports and investment all dropped, according to the research. The index for capital investment plans fell from 108 in the week before the vote to 100.1. A figure above 100 indicates growth, while below 100 suggests contraction.

Expectations for exports fell from 115.3 to 99.8, suggesting falling sales overseas. Businesses that sell internationally face particular challenges given the uncertainty over the future relationship between the UK and the EU, its largest trading partner.

The slump in business confidence comes after research last week showed a marked deterioration in consumer sentiment about the economy. YouGov/CEBR said that consumer confidence had fallen back to its lowest level since May 2013.

Economists are watching measures of consumer and business confidence to gauge how uncertainty around the referendum result might affect the real economy, and whether it could prompt households to delay large purchases or companies to shelve investment plans.

"We expect this uncertainty to generate an investment-led recession as recent falls in business investment intensify," economists from Goldman Sachs wrote last week. "While assuming quite a resilient consumer, we expect weakening business investment to tip the UK into recession around the turn of the year."
 
JammyP said:
Dear Old Blue

If you look at the post I was responding to, Joey 66 said "The new PM will trigger it legal challenge or not, the referendrum according to the latest UK law according to the great historian Jacob Rees Mogg is the last constitution law is binding!"

I understood that to be an assertion that Ress Mogg is saying the referendum is binding. Joey (a fine poster on the old Everon pics) seemed to regard it as significant that he is a historian and in a position to discuss constitutional law. He is the first, not the second. I am both (though he probably has a much better history degree than me.

I was trying to help Joey - and you - to understand what most lawyers I know about think the legal position is.

I am not saying it is right. Same as the advice I would give any client, it is what it is.

I certainly would not suggest having any qualifications makes me a better voter than anyone else, or a better contributor to this forum. I cited mine only because Joey relied on what Jacob Rees Mogg thinks, and seems to regard his qulifications as important.

I would not try to gut a fish. I would not operate on my children's teeth. I am confident there will be many things you can do which I cannot. Society works by people having different skills. You may rember Gove on Sky News Michael Gove refused to name any economists who back Britain’s exit from the European Union, saying that “people in this country have had enough of experts”.

Good luck to you if you get your car fixed by a potter.

You are not the only person who feels strongly about this. Nearly half the voters did not support leaving. But we live in a democracy.

Don't be so flaming rude. It weakens your arguments.
Click to expand...


I'm not being rude. I'm just a straight-talking Scouser. THIS: "...Good luck to you if you get your car fixed by a potter..." is rude. It impugns intelligence, in a word, it is insulting.

Oh by the way, I spent close to five years in my Government department working on legal matters. Interesting. You see, what you see and read here is only the tip of the proverbial iceberg, as I'm sure it is with most, if not all, others on here...

You're a historian? Tell me more, I'm genuinely interested.
 
blue76 said:
Just read an interesting article claiming that people who voted Leave have, on average, 10 IQ points less than people who voted remain.
Click to expand...

So they trawled the whole country then, to make it statistically valid...???

Couldn't make this garbage up (not you, the quoted statistic).
 
blue76 said:
Just read an interesting article claiming that people who voted Leave have, on average, 10 IQ points less than people who voted remain.
Click to expand...

I just read an interesting article claiming that people who voted remain have, on average, 15 IQ points less than people who voted Leave........
 
Old Blue 2 said:
I'm not being rude. I'm just a straight-talking Scouser. THIS: "...Good luck to you if you get your car fixed by a potter..." is rude. It impugns intelligence, in a word, it is insulting.

Oh by the way, I spent close to five years in my Government department working on legal matters. Interesting. You see, what you see and read here is only the tip of the proverbial iceberg, as I'm sure it is with most, if not all, others on here...

You're a historian? Tell me more, I'm genuinely interested.
Click to expand...
English Social History and Lansdscape Archaeology. Worked in a shop . Did jury service. Boys from the Blackstuff was on. "I can do that, gis a job". Downhill ever since.
Not meaning to insult potters. Meaning to insult Gove.

Still going back to dapper dogs ....;)
 
bizzaro said:
The irony of that statement.


http://www.bbc.co.uk/news/uk-politics-uk-leaves-the-eu-36708774

Business pessimism 'doubles after Brexit vote'
By Helen ThomasBusiness editor, BBC Newsnight
  • 49 minutes ago
  • From the sectionBrexit
_90287290_gettyimages-543146138.jpg
Image copyrightGETTY IMAGES

UK business confidence has fallen sharply in the aftermath of the vote to leave the EU, research suggests.

The share of businesses that reported feeling pessimistic about the UK economy doubled in the week after the Brexit vote.

The figure jumped from 25% the week before the referendum to 49%, according to YouGov and the Centre for Economics and Business Research.

Falling confidence can lead companies to pull back on investment and hiring.

Scott Corfe, director at the CEBR, said that the figures, due to be published on Tuesday, indicated a "significant shock reaction" among UK businesses following the vote last month.

Mr Corfe told BBC Newsnight: "Businesses are clearly spooked by the referendum result and they've reined in their intentions for capital spending. They've reined in their expectations for exports and domestic sales growth.

"And business confidence is a leading indicator for where the economy is heading over the coming quarters. What it suggests is that the economy is in for quite a significant slowdown over the next three to six months."

The figures suggest that businesses have become more cautious in their outlook for sales and exports, as well as rethinking their investment plans.

'Contraction'
Business expectations for UK sales, exports and investment all dropped, according to the research. The index for capital investment plans fell from 108 in the week before the vote to 100.1. A figure above 100 indicates growth, while below 100 suggests contraction.

Expectations for exports fell from 115.3 to 99.8, suggesting falling sales overseas. Businesses that sell internationally face particular challenges given the uncertainty over the future relationship between the UK and the EU, its largest trading partner.

The slump in business confidence comes after research last week showed a marked deterioration in consumer sentiment about the economy. YouGov/CEBR said that consumer confidence had fallen back to its lowest level since May 2013.

Economists are watching measures of consumer and business confidence to gauge how uncertainty around the referendum result might affect the real economy, and whether it could prompt households to delay large purchases or companies to shelve investment plans.

"We expect this uncertainty to generate an investment-led recession as recent falls in business investment intensify," economists from Goldman Sachs wrote last week. "While assuming quite a resilient consumer, we expect weakening business investment to tip the UK into recession around the turn of the year."
Click to expand...


Nice cut and paste, except that I asked about your supposed business about which you appeared to know very little.....
 
bizzaro said:
The irony of that statement.


http://www.bbc.co.uk/news/uk-politics-uk-leaves-the-eu-36708774

Business pessimism 'doubles after Brexit vote'
By Helen ThomasBusiness editor, BBC Newsnight
  • 49 minutes ago
  • From the sectionBrexit
_90287290_gettyimages-543146138.jpg
Image copyrightGETTY IMAGES

UK business confidence has fallen sharply in the aftermath of the vote to leave the EU, research suggests.

The share of businesses that reported feeling pessimistic about the UK economy doubled in the week after the Brexit vote.

The figure jumped from 25% the week before the referendum to 49%, according to YouGov and the Centre for Economics and Business Research.

Falling confidence can lead companies to pull back on investment and hiring.

Scott Corfe, director at the CEBR, said that the figures, due to be published on Tuesday, indicated a "significant shock reaction" among UK businesses following the vote last month.

Mr Corfe told BBC Newsnight: "Businesses are clearly spooked by the referendum result and they've reined in their intentions for capital spending. They've reined in their expectations for exports and domestic sales growth.

"And business confidence is a leading indicator for where the economy is heading over the coming quarters. What it suggests is that the economy is in for quite a significant slowdown over the next three to six months."

The figures suggest that businesses have become more cautious in their outlook for sales and exports, as well as rethinking their investment plans.

'Contraction'
Business expectations for UK sales, exports and investment all dropped, according to the research. The index for capital investment plans fell from 108 in the week before the vote to 100.1. A figure above 100 indicates growth, while below 100 suggests contraction.

Expectations for exports fell from 115.3 to 99.8, suggesting falling sales overseas. Businesses that sell internationally face particular challenges given the uncertainty over the future relationship between the UK and the EU, its largest trading partner.

The slump in business confidence comes after research last week showed a marked deterioration in consumer sentiment about the economy. YouGov/CEBR said that consumer confidence had fallen back to its lowest level since May 2013.

Economists are watching measures of consumer and business confidence to gauge how uncertainty around the referendum result might affect the real economy, and whether it could prompt households to delay large purchases or companies to shelve investment plans.

"We expect this uncertainty to generate an investment-led recession as recent falls in business investment intensify," economists from Goldman Sachs wrote last week. "While assuming quite a resilient consumer, we expect weakening business investment to tip the UK into recession around the turn of the year."
Click to expand...

I felt pessimistic, uncertain, and lacking in confidence in Martinez and Everton last season from around Xmas time. Doesn't mean to say we are a crock of merde. Just moving on up now. Which can always happen... :D
 
peteblue said:
I just read an interesting article claiming that people who voted remain have, on average, 15 IQ points less than people who voted Leave........
Click to expand...

The young and people with a tertiary education are the Remain voters. I am not having a dig at the intelligence of the Leave voters, it's just the way the pie is cut.
 
peteblue said:
Nice cut and paste, except that I asked about your supposed business about which you appeared to know very little.....
Click to expand...

You've got your head in the sand.


http://www.bbc.co.uk/news/business-36708844

Standard Life suspends trading in UK property fund
Standard Life Investments has suspended trading in its UK property fund blaming "exceptional market circumstances" following the EU referendum result.

The fund manager said the number of investors asking to withdraw their money had increased following the vote.

"The suspension was requested to protect the interests of all investors in the fund," it said in a statement.

The last time Standard Life stopped investors taking their money out of the fund was during the financial crisis.

The £2.9bn fund invests in a mixture of commercial real estate in the UK, including office blocks and industrial space.

The move comes after Standard Life Investments, the insurer's fund management arm, wrote down the value of the fund by 5% last week, saying the Brexit vote had "negatively impacted" valuations for UK commercial property.

It said the suspension would end "as soon as practicable" and it would review the decision every 28 days.
 
peteblue said:
Nice cut and paste, except that I asked about your supposed business about which you appeared to know very little.....
Click to expand...

As if I'm going to post detailed information about - my business - on here.

It by definition is - my business.

But keep trying to play the ignorance card.
 
bizzaro said:
You've got your head in the sand.


http://www.bbc.co.uk/news/business-36708844

Standard Life suspends trading in UK property fund
Standard Life Investments has suspended trading in its UK property fund blaming "exceptional market circumstances" following the EU referendum result.

The fund manager said the number of investors asking to withdraw their money had increased following the vote.

"The suspension was requested to protect the interests of all investors in the fund," it said in a statement.

The last time Standard Life stopped investors taking their money out of the fund was during the financial crisis.

The £2.9bn fund invests in a mixture of commercial real estate in the UK, including office blocks and industrial space.

The move comes after Standard Life Investments, the insurer's fund management arm, wrote down the value of the fund by 5% last week, saying the Brexit vote had "negatively impacted" valuations for UK commercial property.

It said the suspension would end "as soon as practicable" and it would review the decision every 28 days.
Click to expand...

Yes I do understand everything you cut and paste. But you still haven't told me about your business which was moving to Ireland last week.....when do you move.......
 
peteblue said:
I'm sure I can smell burning sausages........
Click to expand...

Everything is rosey mate. Nothing to see here.



http://www.bbc.co.uk/news/business-36708851

The property market is twitchy

Simon JackBusiness editor
The news that Standard Life has suspended a £2.9bn commercial property fund is the kind of thing that makes markets and regulators very jumpy indeed. Let me take a moment to explain why.

Most investment funds always leave a bit of ready cash in the kitty in case the odd investor decides he or she wants their money back.

When a lot of people want their money back at the same time, you have to start selling stuff to raise enough cash and that is a major problem if what you own is office blocks.

They are not easy to sell at short notice. Other investors, who hadn't really wanted their money back, now think they might not be able to - and so they suddenly do want it back.

In itself, it is not a deafening alarm bell.

Unpleasant fug
As anyone who has bought or sold a house knows property is naturally a lumpy rather than a "liquid" thing to sell.

However, the news comes on the heels of other warning signs. A Singapore Bank suspended lending to investors in the London property market, housebuilders have seen their shares slump since last Thursday and this morning we saw the weakest data from the construction industry in seven years.

There's an unpleasant fug hovering around the property market and it's one that the chancellor will try and air out when he meets bank bosses tomorrow.

Apart from the construction industry and commercial property investors the other group with heavy exposure to property of all kinds are of course the banks.
 
bizzaro said:
You coming on here just over a week since last week's referendum - claiming 'all is well' - is all anyone needs to know about what you know about business.

Nothing.

You cannot claim that all is well - given that investment in the UK is being withheld and companies are leaving, the BoE and the government are having to take emergency action. In response. That means spending tax payers money.

You can claim to be anything you want. But spouting nonsense about the UK being 'ok' isn't just premature. Its downright irresponsible.

Much like your people's claims of '£350 million per week to the NHS'

Writing cheques you cannot cash!


I'm a venture capital investor in multiple companies. I'm moving companies to the republic of ireland as a direct consequence of last week. I speak with the directors of multinationals on a daily basis. I know whats going on in the economy more than you do.
Click to expand...

You don't run your own business bizzo? Fair enough. Takes some talent to be a venture capital investor in multiple companies. I couldn't do it.

How much of your income was coming from the EU?
 
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