We know Brexit means Brexit

[sasguru]

We're becoming a laughing stock around the world.

[jamesbrown]

We're becoming a laughing stock around the world.

In the interests of precision, 48% of us are becoming a laughing stock.

[OwlHoot]

But what does that mean?

It depends what you mean by mean.

HTH

[The_Equalizer]

We're becoming a laughing stock around the world.

I rather like this chap David Buik. He occasionally pops up on the BBC after their World Business Reports (about 5:45am). Admittedly a Brexiteer, but his comments always seem fair and balanced. Anyway, as he rightly pointed out in his blog today:

"There was some desperate EU employment data posted yesterday – 10.1%, with Youth unemployment in Greece at 47% and at 37% in Italy. Spain’s level has improved but still 43% of its youth remain jobless! I see no way out of this vortex of despair. EU banks are in a par less state requiring fresh capital and it strikes me that the region is a basket case, with only Germany and occasionally France benefitting from a soft Euro for its export purposes. The best news today was Deutsche Bank’s CEO John Cryan acknowledging that London will remain the financial hub of Europe if not the world. This is a totally different view than what he expressed 3 months ago! "

Today's Fair - David Buik - 1st September 2016

We've got a long way to go to even get close to these EU member states.

[DodgyAgent]

I rather like this chap David Buik. He occasionally pops up on the BBC after their World Business Reports (about 5:45am). Admittedly a Brexiteer, but his comments always seem fair and balanced. Anyway, as he rightly pointed out in his blog today:

"There was some desperate EU employment data posted yesterday – 10.1%, with Youth unemployment in Greece at 47% and at 37% in Italy. Spain’s level has improved but still 43% of its youth remain jobless! I see no way out of this vortex of despair. EU banks are in a par less state requiring fresh capital and it strikes me that the region is a basket case, with only Germany and occasionally France benefitting from a soft Euro for its export purposes. The best news today was Deutsche Bank’s CEO John Cryan acknowledging that London will remain the financial hub of Europe if not the world. This is a totally different view than what he expressed 3 months ago! "

Today's Fair - David Buik - 1st September 2016

We've got a long way to go to even get close to these EU member states.

I think the EU looks upon the UK as the job provider for the failing states of Europe. Whilst the UK takes up the slack the EU can mobilise its gravy train socialists to promote job destroying policies accross the EU safe in the knowledge that the UK will continue to subsidise them. With Brexit it will become harder for the UK to assimilate the unemployed of the EU and without our contribution there will be a lot of bureaucrats out of a job

Here is one of them in full cry European Commission - PRESS RELEASES - Press release - Towards better social statistics for a social Europe

As Marianne Thyssen, Commissioner responsible for Employment, Social Affairs, Skills and Labour Mobility, as well as for European statistics (EUROSTAT), said: "Today we take an important step to modernise social statistics. Yet this is not about numbers, this is about people. Good policies start with good data. We need the most accurate information in the social field. We need more up to date data and receive it faster in order to design social policies that correspond to the real needs of citizens in Europe today. Today's proposal is another example of how this Commission puts the social dimension at the heart of its agenda."
The proposed framework Regulation will allow data to be published faster, as it reduces the transmission deadlines in a number of areas. It will also increase the comparability and coherence of EU social statistics, by bringing together seven existing household surveys that are currently carried out in the EU and harmonising variables that are common to two or more surveys. This will, in addition, facilitate joint analysis of social phenomena, based on new survey methods. Finally, we will a richer and broader data set at our disposal, thanks to the use of innovative approaches and methods by national statistical authorities and the combination of data from several sources.


Marianne Thyssen is a serial "entitlement" bureaucrat with a full vocabulary of weasel words and cliches that do not include the words "jobs" or "creation"

[The_Equalizer]

I think the EU looks upon the UK as the job provider for the failing states of Europe. Whilst the UK takes up the slack the EU can mobilise its gravy train socialists to promote job destroying policies accross the EU safe in the knowledge that the UK will continue to subsidise them. With Brexit it will become harder for the UK to assimilate the unemployed of the EU and without our contribution there will be a lot of bureaucrats out of a job

Here is one of them in full cry European Commission - PRESS RELEASES - Press release - Towards better social statistics for a social Europe

As Marianne Thyssen, Commissioner responsible for Employment, Social Affairs, Skills and Labour Mobility, as well as for European statistics (EUROSTAT), said: "Today we take an important step to modernise social statistics. Yet this is not about numbers, this is about people. Good policies start with good data. We need the most accurate information in the social field. We need more up to date data and receive it faster in order to design social policies that correspond to the real needs of citizens in Europe today. Today's proposal is another example of how this Commission puts the social dimension at the heart of its agenda."
The proposed framework Regulation will allow data to be published faster, as it reduces the transmission deadlines in a number of areas. It will also increase the comparability and coherence of EU social statistics, by bringing together seven existing household surveys that are currently carried out in the EU and harmonising variables that are common to two or more surveys. This will, in addition, facilitate joint analysis of social phenomena, based on new survey methods. Finally, we will a richer and broader data set at our disposal, thanks to the use of innovative approaches and methods by national statistical authorities and the combination of data from several sources.


Marianne Thyssen is a serial "entitlement" bureaucrat with a full vocabulary of weasel words and cliches that do not include the words "jobs" or "creation"

Or put simply, using new methods we've amalgamated seven surveys into a single more detailed one.

[NotAllThere]

...EU banks are in a par less state requiring fresh capital...

parlous
Definitely someone to listen to then.

[Flashman]

We're becoming a laughing stock around the world.

June 29th 2016 Get Ready for a U.K. Recession, Interest-Rate Cuts and More QE
Get Ready for a U.K. Recession, Interest-Rate Cuts and More QE - Bloomberg

Seems a long time ago now...

[WTFH]

June 29th 2016 Get Ready for a U.K. Recession, Interest-Rate Cuts and More QE
Get Ready for a U.K. Recession, Interest-Rate Cuts and More QE - Bloomberg

Seems a long time ago now...

Yup, back then it looked like we were going to exit the EU. :

[original PM]

Or put simply, using new methods we've amalgamated seven surveys into a single more detailed one.

Indeed and the main problem is still no fookin idea what to do with the data they are going to get.

So we all know job creation is really important - and so there must be methods of achieving this

You do not need a report showing you more quickly that the 43% unemployment has gone down to 42.9 what you need is a coherent plan to get it down to 23% - and ultimately down to zero.

Data just tells you what is happening not what you need to do.