Inflation falls unexpectedly to 2.6%

[BlasterBates]

Brexit news - British negotiators vow to challenge every line of EU divorce bill | Politics | News | Express.co.uk

One senior diplomat said there was “chaos” in the British Government, adding: “The likelihood of Brexit by default has increased. If you hear three negotiators in London, you get three different Brexit concepts.”

all round entertainment

[AtW]

Does the channel tunnel stay opened after Brexit or will they just flood it with the help of some dynamite?

The Brexiters plan to flood the French section only, leaving British one intact.

HTH

[milanbenes]

what about this

after Brexit nationalize all companies which are not British majority owned

and then float them all on the stock exchange

kerching for the treasury

Milan in "I should be a politician" mode.

[original PM]

Does the channel tunnel stay opened after Brexit or will they just flood it with the help of some dynamite?

Dunno

Are we going to drain the channel as well?

[scooterscot]

Does the channel tunnel stay opened after Brexit or will they just flood it with the help of some dynamite?

[BlasterBates]

London capital beginning to wobble

London is "wobbling".

[WTFH]

Inflation falls unexpectedly to 2.6%

MM but last week rising inflation was caused by brexit...

seems to me that whatever happens it is bad and alll brexit's fault...

Last week you told us all that the only good economy was a consumer driven one, now you say it's not. Make up your mind, or just blame the EU/foreigners/refugees/ immigrants as usual.

[PurpleGorilla]

This is the really bad news.

https://www.ft.com/content/0c3427b2-...8-8055f264aa8b

Plummeting investment in the car industry means no jobs tomorrow. This is the thing about investment is that it takes a year before you start see any effects.

Banks are beginning to relocate, currently hundreds of jobs but in phase 2 it will be thousands, because Brexit is going to be really sh*te with no agreement on finance.

Burn baby burn

[BlasterBates]

MM but last week rising inflation was caused by brexit...

seems to me that whatever happens it is bad and alll brexit's fault...

This is the really bad news.

https://www.ft.com/content/0c3427b2-...8-8055f264aa8b

Plummeting investment in the car industry means no jobs tomorrow. This is the thing about investment is that it takes a year before you start see any effects.

Banks are beginning to relocate, currently hundreds of jobs but in phase 2 it will be thousands, because Brexit is going to be really sh*te with no agreement on finance.

[original PM]

basically if inflation is falling

then people ain't spending

hmmm, in a consumption based economy, that ain't good

Milan.

MM but last week rising inflation was caused by brexit...

seems to me that whatever happens it is bad and alll brexit's fault...

[milanbenes]

basically if inflation is falling

then people ain't spending

hmmm, in a consumption based economy, that ain't good

Milan.

[PurpleGorilla]

Brexit innit

[Martin@AS Financial]

Taken from The Financial Reporter

CPI inflation fell from 2.9% in May to 2.6% in June, according to the latest ONS statistics, which industry experts believe will relieve pressure on the Bank of England to raise interest rates.
CPIH, which the ONS are now using as their headline measure and which includes owner occupiers’ housing costs, shows a 12-month inflation rate of 2.6% in June, down from 2.7% in May.
This is the first fall in the CPIH inflation rate since April 2016.

Falling prices for motor fuels and recreational goods and services were the main contributors to the fall in the rate.Ben Brettell, Senior Economist at Hargreaves Lansdown, commented: "UK inflation fell unexpectedly in June to 2.6%, easing the pressure on squeezed household budgets and substantially reducing the likelihood of an August interest rate rise."

The news sent the pound sharply lower as currency traders adjusted their outlook for interest rates. The Bank of England’s rhetoric has taken an increasingly hawkish tone in recent weeks, with Mark Carney himself saying at the end of last month that “some removal of monetary stimulus is likely to become necessary”. Chief economist Andy Haldane also indicated he might support a rate rise this year. However if today’s pullback in inflation marks the start of a sustained decline, the pressure on the Bank to raise rates will ease."