neil999
Player Valuation: £80m
that was probably one of the stupidest things osbourn came up with..
Current Affairs EU In or Out
- Thread starter micknick
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that was probably one of the stupidest things osbourn came up with..
Given the state the markets were in, that was never going to be implemented. It will be interesting to see just how May does respond though once the matter has been given more thought. It's telling that they've already committed to borrowing more money and scrapping any ambition to be self-sufficient.
peteblue
Welcome back Wayne
I'm sure it scared a few more people to vote remain though......but it killed his political career.....
peteblue
Welcome back Wayne
Indeed. But I think May would have done that had she taken over from Cameron even after a remain vote. May is giving the country a bit of stability at the moment, even after the quite disgraceful scaremongering orchestrated by Osborne.
There will be ups and downs, just like there probably would have been anyway, but think she is playing it quite well at the moment......
Hard to say isn't it? Maybe the BoE negated the need for any 'emergency' budget by printing a few hundred billion quid. I dare say it's always politically easier to inflate peoples money away than it is to directly take it via taxes.
Bit of a background.
Father was a chargehand (now retired), mother was too ill to work when I were a boy (she ended up working in care and is now studying at the OU whilst working as a clinical coder in the NHS). I was born in the South Wales Valleys in one of the most economically deprived areas of the country. Me 'arl man is a socialist, my mother is one of those swing voters but voted Greens in the last election.
I'm probably about as working class as they come.
The thing that irritates me is that many of the Brexiters are just brushing off the economic impact of us voting leave on the pretence of "good thing, the elites should pay".
I agree to a point, but as the system currently stands - we all know full well that the elites aren't going to bare any of the burden here.
This will come down on people like me, of whom desperately depend on the economy being in a fit state to have any chance.
Depressing state of affairs.
Father was a chargehand (now retired), mother was too ill to work when I were a boy (she ended up working in care and is now studying at the OU whilst working as a clinical coder in the NHS). I was born in the South Wales Valleys in one of the most economically deprived areas of the country. Me 'arl man is a socialist, my mother is one of those swing voters but voted Greens in the last election.
I'm probably about as working class as they come.
The thing that irritates me is that many of the Brexiters are just brushing off the economic impact of us voting leave on the pretence of "good thing, the elites should pay".
I agree to a point, but as the system currently stands - we all know full well that the elites aren't going to bare any of the burden here.
This will come down on people like me, of whom desperately depend on the economy being in a fit state to have any chance.
Depressing state of affairs.
The Esk
Player Valuation: £70m
The performance of the FTSE bears no relation to the performance of the economy. I know this because 20 years ago I wrote a research paper on the very subject. The fall in sterling does reflect how other investors view or economic performance however.
Smart individuals will make money out of any situation, that's not for discussion, the point is if you look at the economy as a whole the economy will suffer as a direct result of the Brexit vote. When the economy suffers the hardest hit are the poor, the sick and the needy.
I don't know why you feel need to personalise my comment about it being a shambles - for me it's not, I'm relatively unaffected either way - but it's a shambles politically and economically as I said earlier.
peteblue
Welcome back Wayne
Then in your research paper I assume that you noted that the FTSE and share prices do reflect confidence or otherwise in terms of a companies expected performance and underlying strength. The fall in Sterling was easily forecast, you may remember I actually did so, and the BoE wasn't at all upset because that was precisely what they wanted anyway, that and a little bit of inflation to get out of possible deflation.
What bit of the economy do you believe will suffer and why, if smart people are going to make money out of the reduction in the £ and export more. Obviously the GDP figure will change, because it's measured in $ , but why do you believe this will have a negative effect upon anyone who is sick.
I didn't believe that I personalised my comments, and I apologise if you have taken it that way, but you have consistently ridiculed a Brexit vote and stated that everything within the UK will go tits up as a result.
Anyhow, a storm has arrived just as I'm going to the pub........damn those Europeans and their Spanish plumes.......
Anders_Limpar
Player Valuation: £750k
Have you seen any evidence of this?
Not wanting to jump in and appear arsey. I just haven't and would be interested to see...
Seen loads the other way around mind.
peteblue
Welcome back Wayne
There was an article the other day, showing that about 2% of voters had swapped views. Tbf it's happened across both viewpoints, but only the one ever seems to get mentioned.....
Toffeelover
Player Valuation: £80m
I see the IMF has thrown it's marbles up in the air. Now saying our economy will grow more than Germany and France even with the vote. This is so bewildering who does one believe no matter what side of the vote you are on.
Anyone see the P take on Brexit last night on BBC2 very funny on both sides of the argument done in Denis Penice style!
I see the IMF has thrown it's marbles up in the air. Now saying our economy will grow more than Germany and France even with the vote. This is so bewildering who does one believe no matter what side of the vote you are on.
That's a bit of a strange interpretation of what the IMF has said. They're forecasting that Britain will have a worse economic slowdown than Nigeria next year. The fact that they're forecast to be slightly above France and Germany (by 0.1pc) is not a good thing. It's a 0.9pc decrease in the forecast since before the referendum.
peteblue
Welcome back Wayne
But against comparable countries it's Ok. What does Nigeria have to do with it ? There are numerous underdeveloped countries or those going through growth spurts who will have one off amazing growth figures. So eventhough WW3 was predicted and everything will fall apart, they are still forecasting that we will do better than France and Germany. Tbh, I wouldn't believe a word the IMF says as they are wrong so often.......
wikofootball
Player Valuation: £6m
Very true going by some of comments on here and other social media
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