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Uk economy "sluggish" as manufacturing output down and trade deficit widens

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    Uk economy "sluggish" as manufacturing output down and trade deficit widens

    https://www.bloomberg.com/news/artic...uggish-quarter

    Doesn't look like the fall in the pound is doing much for exports
    Hard Brexit now!
    #prayfornodeal

    #2
    Originally posted by sasguru View Post
    https://www.bloomberg.com/news/artic...uggish-quarter

    Doesn't look like the fall in the pound is doing much for exports
    Crush the saboteur!

    Comment


      #3
      Very bad news

      production of vehicles plunged 6.7 percent,
      Vehicles is one of the strengths of UK manufacturing.
      I'm alright Jack

      Comment


        #4
        Originally posted by BlasterBates View Post
        Vehicles is one of the strengths of UK manufacturing.
        Who'd buy a new car these days?

        Battery tech is still in it's infancy with no infrastructure in place, there's an all out war on diesels, and if you do get one you'll be landed with repair/servicing costs into the hundreds and thousands because of all the complexity not keeping up with reliability.

        The dip in car sales will be to do with more people leasing.
        Originally posted by Nigel Farage MEP - 2016-06-24 04:00:00
        "I hope this victory brings down this failed project and leads us to a Europe of sovereign nation states, trading together, being friends together, cooperating together, and let's get rid of the flag, the anthem, Brussels, and all that has gone wrong."

        Comment


          #5
          Originally posted by sasguru View Post
          https://www.bloomberg.com/news/artic...uggish-quarter

          Doesn't look like the fall in the pound is doing much for exports
          There is also a lack of confidence in Sterling as it seems the government is willing to let the pound drop to £1 = 0.85e come Brexit 2019. The this will have the opposite effect of boosting exports because some UK manufactures could go bust because of the cost of materials and component supplies.
          "A people that elect corrupt politicians, imposters, thieves and traitors are not victims, but accomplices," George Orwell

          Comment


            #6
            Nothing to worry about, when we stop buying German cars, the trade deficit will improve.

            Comment


              #7
              Originally posted by rl4engc View Post
              Who'd buy a new car these days?

              Battery tech is still in it's infancy with no infrastructure in place, there's an all out war on diesels, and if you do get one you'll be landed with repair/servicing costs into the hundreds and thousands because of all the complexity not keeping up with reliability.

              The dip in car sales will be to do with more people leasing.
              Honestly do you know anything about anything?
              PCP are included in car sales (80% of car sales in the UK are through some form of finance, 60% through PCP)
              And we are talking about car production in the UK, for export, falling. Althouh sales have fallen too

              I do hope it's a hard Brexit. Should be educational for some. And hard lessons tend to stick better
              Hard Brexit now!
              #prayfornodeal

              Comment


                #8
                Originally posted by sasguru View Post
                Honestly do you know anything about anything?
                PCP are included in car sales (80% of car sales in the UK are through some form of finance, 60% through PCP)
                And we are talking about car production in the UK, for export, falling. Althouh sales have fallen too

                I do hope it's a hard Brexit. Should be educational for some. And hard lessons tend to stick better
                The lesson they will learn it that it just goes to prove how evil the EU is.

                Comment


                  #9
                  Originally posted by northernladyuk View Post
                  Crush the saboteur!
                  +1

                  Comment


                    #10
                    UK exports suffer biggest drop since Brexit vote, new ONS figures show | The Independent

                    since last June’s Brexit vote, goods export volumes, excluding erratic items such as non-monetary gold and aircraft, are up 6 per cent. But over that period import volumes are also up 6.3 per cent, suggesting no contribution to GDP growth from net goods trade.

                    “This [data] is particularly concerning when you consider the backdrop of a 13 per cent post-Brexit fall in the pound"
                    Oh dear exports up 6% but the pound is down 13% which means UK exports are shrinking rapidly.

                    I'm alright Jack

                    Comment

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