DOOM: London

[malvolio]

Can they be reversed? Maybe.

Of course they can - unless Hunt persists in his current idiot policy of discouraging inward investment and preventing growth...

Can Brexit be reversed? For sure.

Don't be ridiculous. Yes it can. No it won't be.

[AtW]

Some of us think that the UK economy has been permanently damaged by bailouts and QE as well ...

Can they be reversed? Maybe.

Can Brexit be reversed? For sure.

[Protagoras]

Some of us think that the UK economy has been permanently damaged by bailouts and QE as well ...

[AtW]

"Brexit a major cause of UK’s return to austerity, says senior economist

Former Bank of England policymaker Michael Saunders says leaving EU has ‘permanently damaged’ economy

Brexit is the ultimate reason why the UK now faces a fresh round of austerity, a former interest rate-setter at the Bank of England has said.

“The UK economy as a whole has been permanently damaged by Brexit,” Michael Saunders, who was an external member of the central bank’s monetary policy committee, said in an interview with Bloomberg TV.

“It’s reduced the economy’s potential output significantly, eroded business investment,” he said, adding: “If we hadn’t had Brexit, we probably wouldn’t be talking about an austerity budget this week.”

“The need for tax rises, spending cuts wouldn’t be there, if Brexit hadn’t reduced the economy’s potential output so much.”

Saunders joined the rate-setting committee shortly after the result of the Brexit referendum in 2016 and left the role in August this year.

He said the “main legacy of that period” was weak economic output."

https://www.theguardian.com/politics...nior-economist

Rejoin EU and reduce taxes!

[Whorty]

It's not a World recession, inflation is everywhere but much worse in the UK, these are the facts and is accepted by all. Note the comments by Jeremy Hunt yesterday, "Brexit has imposed costs on the UK economy". It's blatantly obvious even to the thickest of sculls that project fear became project reality.

There's no point trying to reason with diehard brexidiots ... no amount of facts will ever convince them that brexit has had a negative impact on the UK. No point wasting your breath.

[vetran]

It's not a World recession, inflation is everywhere but much worse in the UK, these are the facts and is accepted by all. Note the comments by Jeremy Hunt yesterday, "Brexit has imposed costs on the UK economy". It's blatantly obvious even to the thickest of sculls that project fear became project reality.

yep you are punching above your weight...

actually thinking about your spelling should that be 'out of your depth?'

[Paddy]

If its Brexit case why is the Eurozone experiencing similar inflation? Why is the rest of the world nearing recession?

It's not a World recession, inflation is everywhere but much worse in the UK, these are the facts and is accepted by all. Note the comments by Jeremy Hunt yesterday, "Brexit has imposed costs on the UK economy". It's blatantly obvious even to the thickest of sculls that project fear became project reality.

[vetran]

Even the most die-hard remoaners are blaming Brexit

If its Brexit case why is the Eurozone experiencing similar inflation? Why is the rest of the world nearing recession?

[Paddy]

aTw answer bot - Pick randomly from list

1. Its Brexit's fault.
2. It's Trusses fault.
3. It's the scum tories.
4. Oh feck a wall!
5. Nuttina don't nibble those.

Even the most die-hard Brexiters are admitting Brexit was a mistake but there are always a few exceptions

[malvolio]

You do realise BoE had to print / borrow a boat load of cash to save retirements funds and this significantly worsened the UKs economic situation? so the pound returning to whatever levels isn't exactly the only thing to focus on...

Gosh! You don't say...

Tory diehards don't see the whole picture, only their little blinkered view.

And don't forget, it would be much, much worse under Corbin

I don't think the Tory diehards - whoever they may be - are the only ones with a blinkered view.

BTW it's "Corbyn", who isn't even a Labour MP, although Starmer appears set to continue his basic philosophy into the next election.

[Whorty]

You do realise BoE had to print / borrow a boat load of cash to save retirements funds and this significantly worsened the UKs economic situation? so the pound returning to whatever levels isn't exactly the only thing to focus on...

Tory diehards don't see the whole picture, only their little blinkered view.

And don't forget, it would be much, much worse under Corbin

[dsc]

The pound is not back to pre-Truss levels, or hadn't you noticed?

EDIT: Clearly you hadn't - the "not" was a minor mistake, but I don't think it changed the meaning of the post overmuch...

You do realise BoE had to print / borrow a boat load of cash to save retirements funds and this significantly worsened the UKs economic situation? so the pound returning to whatever levels isn't exactly the only thing to focus on...

[vetran]

The pound is not back to pre-Truss levels, or hadn't you noticed?

aTw answer bot - Pick randomly from list

1. Its Brexit's fault.
2. It's Trusses fault.
3. It's the scum tories.
4. Oh feck a wall!
5. Nuttina don't nibble those.

[malvolio]

The pound is not back to pre-Truss levels, or hadn't you noticed?

EDIT: Clearly you hadn't - the "not" was a minor mistake, but I don't think it changed the meaning of the post overmuch...

[AtW]

“London Loses Crown of Biggest European Stock Market to Paris

• France overtakes Britain as pound sinks, luxury shares rise
• Market cap gap before 2016’s Brexit vote was ~$1.5 trillion

Britain lost its title of Europe’s largest equity market to France as economic growth concerns weigh on UK assets while China’s relaxation of Covid rules boosts French luxury shares.

The combined market capitalization of primary listings in Paris overtook that of the London in US dollar terms, according to an index compiled by Bloomberg. Domestically-focused UK shares have slumped this year, while French luxury goods-makers like LVMH SE and Gucci owner Kering SA have recently been boosted by optimism over a potential easing of China’s Covid Zero policy.

Currency movements have also worked in Paris’s favor. Former UK Prime Minister Liz Truss’s mini-budget of unfunded tax cuts in September and subsequent storm in UK financial markets sank sterling to the lowest level since 1985 against the greenback
“

https://www.bloomberg.com/news/artic...arket-to-paris