Reply to: U.K. Economic Growth Accelerates as Crunch BOE Meeting Nears

[BlasterBates]

You’re so resilient!

Unemployment cannot stay at a record low for much longer. The Eurozone economies will eventually show some expansion over the post-crash period. Coupled with the Brexit severe shock scenario, they’re bound to overtake us eventually.

The worm will turn.

Britain will show lack lustre growth it will not leave the EU, that was abundantly clear, any attempt to do a Hard Brexit will result in the Economic doom the treasury forecast said would happen.

If economic doom weren't to happen why didn't the government immediately hand in article 50 as Nigel Farage kept telling them to do?

Why are they handing over 60 billion for a transition deal when they don't need to ?

[sasguru]

For those of us with the memory of a gnat, could you remind us of the steps you’ve taken to protect your considerable assets and what your primary residence is now worth?

Quite. That's why I think we should walk away now (..ish. Completion is the next month or so ).
Although I'm pretty sure I'll complete safely, since the walking away isn't going to happen is it?
There's going to be some fudge compromise that makes both Brexiters and Remainers worse off.

[jamesbrown]

No sign of that

You’re so resilient!

Unemployment cannot stay at a record low for much longer. The Eurozone economies will eventually show some expansion over the post-crash period. Coupled with the Brexit severe shock scenario, they’re bound to overtake us eventually.

The worm will turn.

[jamesbrown]

Personally I think Brexiters should get their wish and we should walk away now

For those of us with the memory of a gnat, could you remind us of the steps you’ve taken to protect your considerable assets and what your primary residence is now worth?

[BlasterBates]

You seem to be unfamiliar with the severe shock scenario; an immediate and profound economic shock. Lying Remainers and the lies they tell?

You mean the predicted devaluation in the pound and ensuing inflation ?

No sign of that



It's abundantly clear that had David Cameron popped off to the EU and handed in article 50 as he said he would, there would have been economic armageddon, which is precisely why he didn't do it. The economic armaggedon has been kicked down the road prevented by waiting 9 months and sending letters to companies promising to "not really" leave the EU for many years.

[sasguru]

You seem to be unfamiliar with the severe shock scenario; an immediate and profound economic shock. Lying Remainers and the lies they tell?

If there's a real Brexit, aka a hard, no deal Brexit, I expect the severe shock scenario to take place.
All this wishy-washy stuff (EEA, EFTA etc etc) isn't Brexit.
Personally I think Brexiters should get their wish and we should walk away now

[jamesbrown]

Rather depends on the nature and timing of 'the deal' doesn't it? A timely agreement of a move to an EFTA type arrangement and it should be manageable.

Chin up.

[jamesbrown]

The predictions were never bad for EEA membership which is exactly what the transition deal is.

You seem to be unfamiliar with the severe shock scenario; an immediate and profound economic shock. Lying Remainers and the lies they tell?

[northernladyuk]

The predictions were never bad for EEA membership which is exactly what the transition deal is.

There will only be a downturn if and when a "Hard Brexit" becomes clear.

It's complete nonsense to suggest that the predictions were wrong having bottled out and deciding to remain within the EU for the forseeable future.

One of the few competent things that the government did do post the Brexit vote was absorb some of the effects of the shock (and look at the performance of sterling if you think there was no shock), by piling on more debt. Still, it will all have to be paid off some time.

[BlasterBates]

The predictions were never bad for EEA membership which is exactly what the transition deal is.

There will only be a downturn if and when a "Hard Brexit" becomes clear.

It's complete nonsense to suggest that the predictions were wrong having bottled out and deciding to remain within the EU for the forseeable future.

[northernladyuk]

That's the spirit. The severe shock scenario can't be too far away.

This probably reflects our recent success in exporting traitors, saboteurs and enemies of the people, but our supply is now dwindling.

I'm sure the downturn won't be long coming. Stick in there.

Rather depends on the nature and timing of 'the deal' doesn't it? A timely agreement of a move to an EFTA type arrangement and it should be manageable.

[jamesbrown]

0.4%!!

That must rank pretty high in the OECD rankings.

That's the spirit. The severe shock scenario can't be too far away.

This probably reflects our recent success in exporting traitors, saboteurs and enemies of the people, but our supply is now dwindling.

I'm sure the downturn won't be long coming. Stick in there.

[northernladyuk]

The rest of the world is booming so 0.4% growth is total sh*te.

UK GDP is a car crash.

[BlasterBates]

The rest of the world is booming so 0.4% growth is total sh*te.

[sasguru]

I though last week growth was down, inflation up and we were all going to have to eat our babies to stay alive through winter?

Or was that just bollo<ks?

Why don't you work out the numbers for yourself?
Oh I forgot, you're thick as mince.
I think the take-away (that has been obscured by Martin's misleading thread title) is this:

"The U.K.’s comparatively tepid growth has left it the odd one out in the global upswing. While the IMF raised its forecasts for almost every advanced economy the month, the U.K. outlook was left unchanged. At 1.7 percent this year and 1.5 percent in 2018, it will grow at just half the global average"

HTH, BIDI.