[Merged]Brexit stuff

[OwlHoot]

Brexit plunges UK economy to worst level since 2009, data suggests - BBC News

"Britain's decision to leave the EU has led to a "dramatic deterioration" in economic activity, not seen since the aftermath of the financial crisis.
Data from Markit's Purchasing Manager's Index, or PMI, shows a fall to 47.7 in July, the lowest level since April in 2009. A reading below 50 indicates contraction. ...

The BBC, and all the other sad Remainers, are desperate to put the worst possible light on the result.

Those figures cover the month or so of uncertainty, so no wonder they were (not are, were) down a bit until the dust settled.

[LondonManc]

Ah, Neil Wilson, the guy that two days ago said we could be talking ourselves into a recession.

[FatLazyContractor]

Stop bedwetting. It will all be fine.

Regards,
Brexiters (who are looking to run away to Europe soon)

The BBC, and all the other sad Remainers, are desperate to put the worst possible light on the result.

Those figures cover the month or so of uncertainty, so no wonder they were (not are, were) down a bit until the dust settled.

[BlasterBates]

Looks pretty dire and article 50 hasn't even been triggered yet and it
looks like Brexit negotiations will hit a brick wall:

Brexit Wreaks Havoc on U.K. Economy as Recession Risk Rises - Bloomberg

The negotiations won't be helped by the fact that as the UK economy falls of a cliff the EU looks quite bright.

While Britain appears to be shrinking, France’s economy was quite resilient and German private sector growth hit its highest level of the year

https://www.theguardian.com/business...ts-direct-live

Today has shown a stark contrast between Eurozone and UK economic fortunes in the wake of the EU referendum, with the negative impact felt after the vote largely isolated to the UK.

There is perhaps a feeling amongst the likes of France and German that the vote is a case of the UK shooting itself in the foot, with a significant amount of business expected to leave the UK in favour of Frankfurt, Paris and Dublin.

There is no surprise that the eurozone services PMI readings have shown particular strength, with the French services sector taking on extra staff to the greatest extent since 2008 as UK based firms look to become less London centric.

Oh dear....

[xoggoth]

Yes, but why has France's economy been so dire in recent years? Why is Italy's economy so poor? Let's not mention Greece. The EU is clearly not an answer to anything. Unless you are Germany of course.

Of course perceptions can cause quite severe short term effects, it's not the short term we should be too bothered about.

[FatLazyContractor]

it's not the short term we should be too bothered about.

In the long run, we are all dead.

[CretinWatcher]

Those figures cover the month or so of uncertainty, so no wonder they were (not are, were) down a bit until the dust settled.

When the dust settles, the U.K. Economy will have shrunk permanently and the unemployment rate will have doubled, or worse.
Only the most retarded idiots could have expected otherwise.

[VectraMan]

Calm down everyone. It's only experts saying this. We all know experts are the last people that should be listened to.

[CretinWatcher]

Calm down everyone. It's only experts saying this. We all know experts are the last people that should be listened to.

Actually it's a survey of business people which has been very predictive of actual conditions

[GB9]

Where's the 'Yawn' emoticon I requested?

I sure as hell haven't seen any slow down. And I have an interview on Monday for a contract to start in mid-September. I still have 8 weeks left on the current one.

Our economy has vastly outperformed the EU zone for the last few years as you all well know so the EU is playing catch up.

Still, makes a few Bemoaners happy in their overseas BTLs.