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  1. #1
    AtW
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    Default Tory Brexit DOOM™: UK on course for even deeper economic slowdown than expected

    Britain's GDP is expected to drop from 1.8 per cent growth last year to 1.5 per cent in 2017 and to 1.4 per cent in 2018, according to PwC

    The UK economy is on course for an even deeper slowdown as consumer spending and business investment take a hit from uncertainty surrounding the Brexit negotiations, new research has found.

    Britain's GDP is expected to drop from 1.8 per cent growth last year to 1.5 per cent in 2017 and to 1.4 per cent in 2018, according to PwC's UK Economic Outlook.

    The professional services firm has downgraded its previous prediction for 2017 when it pencilled in GDP to ease at a slower pace to 1.6 per cent.

    Brexit: UK on course for even deeper economic slowdown than expected | The Independent

    Where is that promised Brexit recession Brexiters had asked? It's fooking coming soon, better buckle up.

  2. #2

    Should post faster

    tiggat is a permanent contractor


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    Who listens to PwC?

  3. #3
    AtW
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    Quote Originally Posted by tiggat View Post
    Who listens to PwC?
    Markets

  4. #4

    Double Godlike!

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    Great doom post.

    Author of the best seller "How to get Poor quickly"

  5. #5

    More fingers than teeth

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    Quote Originally Posted by tiggat View Post
    Who listens to PwC AtW?
    FTFY
    Work in the public sector? Read the IR35 FAQ here

  6. #6
    _V_
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    Britain's GDP is expected to drop from 1.8 per cent growth last year to 1.5 per cent in 2017 and to 1.4 per cent in 2018, according to PwC
    And they know the future how?

    Can they please tell us the Lotto numbers too?
    Brexit for Dummies: Economic doom - Brexit! Economic boom - We are still in the EU!

  7. #7

    Godlike

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    Quote Originally Posted by tiggat View Post
    Who listens to PwC?
    Greece

  8. #8

    More fingers than teeth

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    1) Reduced growth = less tax receipts

    2) Less tax receipts = reduced ability to pay off debt

    3) Increased time to pay off debt = bond holders demand more interest

    4) QE printing presses warmed up but nothing changes = But we can print our own money unlike Greece scream the Brexiters

    5) Ratings agencies observe the struggle and downgrade UK debt = Bondholders demand even more interest.

    7) More of the reduced tax revenue is used to pay interest on debt = UK implodes

    8) UK goes to IMF for emergency loan

    9) Tories blame Labour = May claims victory over a strong and stable Brexit

    10) Corbyn becomes PM to clean up the mess
    Ldoenn : 'we're hloding a referneudm to laeve the Eureopean union
    EU: 'OK'
    Scotland: 'we're holding a refeerndum to leave the UK union'
    Ldonon: ' Oh no you're not'.

  9. #9
    AtW
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    Quote Originally Posted by scooterscot View Post
    1) Reduced growth = less tax receipts

    2) Less tax receipts = reduced ability to pay off debt

    3) Increased time to pay off debt = bond holders demand more interest

    4) QE printing presses warmed up but nothing changes = But we can print our own money unlike Greece scream the Brexiters

    5) Ratings agencies observe the struggle and downgrade UK debt = Bondholders demand even more interest.

    7) More of the reduced tax revenue is used to pay interest on debt = UK implodes

    8) UK goes to IMF for emergency loan

    9) Tories blame Labour = May claims victory over a strong and stable Brexit

    10) Corbyn becomes PM to clean up the mess
    Cross out #8 - MF gambled all his money away, though Korbyn plans to add VAT on private school fees

  10. #10

    More fingers than teeth

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    Quote Originally Posted by PurpleGorilla View Post
    Greece
    And there was everyone thinking it was the banks, the EU and the Germans. Damn, wrong again...
    If people like Rupert Murdoch, Nigel Farage, George Galloway, Nick Griffin and Marine Le Pen want Britain to leave the EU. Where does that put you?

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