Since Brexit vote

Careful Fred....you will upset UB with comments like that.

Where have the *experts* gone?
What happened to the *emergency budget*?

UB and his gullibles, why did they believe the whole charade?

You know what I like about you Vote-Leave morons?

Nothing.

But what is remarkable is that you don't feel anything when you have a fork stuck into you.
You have been relieved of 10%of your wealth, in international terms, 7% on the night of Brexit. If you can't get your heads around it, think of yourself playing poker against someone in the EU. His chips are worth 10% more than yours, because you voted for Brexit.

It's a marathon not a sprint UB.

Is that the best you have UB?  If you was a boxer you would jab like Larry Grayson.

UB's still in a LOT of pain I see.

Pain and denial.

End of a relationship type of grief.
She has moved on but UB wants her to fail in her next relationship.

Are ye gals really feeling better off, years before ye actually get what ye wanted?

Here in the working class, things ain't any better for us.

When will the trigger be pulled , do ye think?

It looks like davis and johnson and fox don't get on.

Is nige back yet?

I'm not feeling worse off SR, despite hobknobs predictions of doom we sold both our properties in Sth Derbyshire within 2 weeks. Ok the brother in law lived in one and her cousin in the other, but they still had the funds to purchase in what was supposed to be armageddon. If May doesn't trigger article 50 by March she will start to get some serious flack, Merkel wants her to hold off until after the German and French elections to help their chances of re-election utter cheek.

http://www.bbc.co.uk/news/business-37016123

Warmer weather helped Britain's retailers sell more in July than during the same period last year, defying predictions of a post-Brexit slump.

Total sales increased by 1.9%, according to the British Retail Consortium and KPMG's latest survey.

A separate report, by Barclaycard, found spending in restaurants, pubs and cinemas continued to grow strongly in the month following the vote.

All that doom and gloom hysteria seems a long time now.

It was only 10 weeks ago.

Since the referendum, Central Banks across the world have poured money into their economies to try to avert a global recession. As a result, stock markets have crept up a smidgeon since June 23: S & P 500 by 3%; the DAX by 2.4%; the FTSE 250 by 3.0%. All fine so far.

However, over the same period, sterling has fallen by 11.4% and 12.1% against the Euro and USD. So – in dollar terms – our markets have underperformed by 12% compared with the US and 11% against Germany.

The other side of this stimulus is that interest rates have plummeted. Banks are now charging customers to deposit money (RBS announced this today). Also – because of the lower interest rates - pension fund deficits for major UK companies have more than doubled in the last year – government is struggling to find ways to save businesses from having to recognise this on the basis that things may work out ok in the end.

The fall in sterling means that fuel prices, foreign holidays, and imported goods are all much more expensive at a wholesale level and this will flow through steadily over time  (RPI was up 1.9% this month).

The full effect of Brexit will not be seen until the terms of withdrawal are known. This may be some time because government is currently in chaos with Liam Fox, in particular, simultaneously demonstrating both his pompous ambition and ignorance. In the meantime, foreign direct investment will dry up unless sterling falls further, making assets too cheap to miss. Banks will steadily (and quietly to avoid adverse public reaction) set up bases in Frankfurt, Paris and Dublin to move operations there if/when we lose the passporting rights we currently enjoy. The few remaining major manufacturers will hold off on big capital investments. The small ones they can’t avoid making (like GSK’s recent announcement of £275 million) will be puffed by both the politicians and the companies as confidence in the economy, even though they are miniscule compared with the overall level we have benefitted from in the past.

Some industries will do well. My own business will (because we benefit from a weak pound and provide services to small-scale exporters for whom life is about to become much more complicated). So will tourism, leisure, and exporters of some goods and services (whose costs are in sterling and income in foreign currencies).

In the meantime, you guys will continue to clutch at every piece of short-term good news to convince yourselves that you are better off. I genuinely hope you are right, but I fear not.

Unemployment down as more people in work than ever before

Unemployment has dropped to its lowest rate since 2005 while the employment rate has stayed at a record high of 74.2%.

I bet Spain and Greece and the rest of the EU shower wish they'd got the same trouble with their currency that we've got.

I wonder what they'd give for a weak currency?

By the way the pound was in decline before Brexit.
Draw a trend line on the bottom points of the graph, and it's simply followed the course it was on before Brexit.

Property market peaked last November but we have only been able to assess and accept that 6/8 months down the line. The lack of properties to sell is still keeping prices at a level although we have seen drops in the lead up to Brexit and beyond, although only 1-2% per month. The BTL changes have had a very significant sea change since last November on their announcements.

Disregard the media headlines as they have focused on the higher end of the London market and also agents press releases like to concentrate on the upwards increase % over the last 12 months. That makes a good headline but it is coming for an estate agent. The top end has been seeing discounts now for the last 18 months at least. Certainly though not the doom and gloom scenarios we were sold back before the vote - yet.

The London market has also probably been 25% over valued over the last 3/4 years so a correction is needed. However, the media and commentators sympathetic to Remain will continue to use Brexit as an excuse for any downward figures.

This uncertainty is a good time for some though to invest wisely. Just need to locate the right land owner/vendor with a squeaky bum.

Draw a trend line on the bottom points of the graph, and it's simply followed the course it was on before Brexit.
It was on a downward trend because of the threat of Brexit. End of year prices $1.54 (2010) $1.55 (2011) $1.62 (2012) $1.66 (2013) $1.55 (2014) $1.47 (2015). It climbed to $1.50 on voting day when Nigel and The Sun thought they had lost. Also, when someone aftertimes that a market has "probably been overvalued,"it doesn't mean anything.

No it wasn't down because of the threat of Brexit UB, everybody fully expected the vote to be for us to stay in.

The pound was down on the expectation of us staying in and not the threat of us coming out.

Another boost since Brexit. Government borrowing was down in the wake of the out vote.

Dr C

The surplus was lower than forecast in July:
https://uk.finance.yahoo.com/news/uk-surplus-lower-expected-1bn-113437215.html

And - yes - government borrowing was down on the month, because there was a surplus.

Hope this helps.

once again the news is better than expected? indeed until article 50 is triggerd we will not see were we stand ..but as this period of uncertainty has shown..the uk will be fine either way..i belive in 2-5years this country will be better off than if we had stayed in..but even if we are not it wont be a disaster? we have had to put up with tory incompetence and austerity and we came threw?..this great country adapts so do its people..im only worried because its not comming fast enough.
rydal
just because we have 1-2 bad ministers like fox does not mean the overall message and route is wrong?the economics have taken over the arguments as i expected..but people also voted on other issues and are prepard to lose out finacially (if that happens in the short term) to play the long game..the eu is a basket case ..that has not had a audit in 12 years ..that meets in secret ..and ignores democracy from countrys that it has indebted...like the rest of my 17.4 m countrymen...were ready and able..all we ask is for competent politicians to lead..

DON'T FORGET ALL THE THOUSANDS OF RACIST ATTACKS.  THE GROWTH OF ISLAMAPHOBIA IS ASTONISHINGS.

It's all to do with brexit I tell yer.  Nothing to do with islamists slaying droves of people in europe and the middle east . REPEAT AFTER ME
NOTHING TO DO WITH ISLAM!!  Repeat 10 times and it will go away

The pound was down on the expectation of us staying in and not the threat of us coming out.

Only the BTL business protects this idiot from penury.

Hope this helps.

Patronising git.

Hope that helps.

sean rua did you tell your children "you are working class,this is your lot?"

Dr C

A Polish lad was attempting to tell me yesterday Farage told lies on his red bus
I told him Farage's bus was purple.

Then he told me, Farage told other lies, i asked him to name one.
He said the one were the UK pays more in than it gets out.

I had to google the truth for him.
He left scratching his nugget.

happy and content.

Folk are trying to sell up and get out.

Now UK manufacturing output up in biggest rebound in 25 years

but how about the hundreds of racist 'attacks'

supposedly????  until this polish guy was murdered by a gang (and is that anything to do with brexit?)   how many physical attacks have taken place?

they desperately wanted the shopkeeper and the Imam to be racist attacks but they both turned out to be conducted by muslims

THere were no racist attacks before BREXIT imo

Service sector also rebounded in August.

When is the armageddon arriving?

We bow to the British power

For you Fritz the EU is over

FTSE 250 reached highest level every today

but you see --- one day it will go down and then the remainers will say 'I told yer so'   

as it goes back up

don't people understand the ftses  and the currencies are floating!!!!!!!!!!!!!!!!!!!!

When will income tax go up by 3p in the pound ?

UK trade gap narrows to £4.5bn as export sales surge after Brexit vote

However, the lakes have dried up and my camels are barren. Barbarian hordes are sweeping in from the east and approaching the gates of Rome.  The Rubicon has been crossed.  Damn those Brexiteers.

FTSE 100 over the 7,000 point barrier

Guardian yesterday:

The International Monetary Fund certainly knows what it is like to make a mistake. In the run-up to the EU referendum, the IMF made a series of interventions warning voters of the dire consequences that would follow a vote to leave.

At first, the IMF stuck to long-term forecasts, saying investment and trade would eventually be weaker if the UK divorced from the other 27 members of the EU. But as the referendum neared and the vote was on a knife-edge, the warnings became more lurid. The UK would immediately start sliding into recession. House prices would crumble. Shares would crash.

So what do you do if your forecasts turn out to be a little wide of the mark? Either you put your hands up and admit you were wrong. Or you brazen it out. You say that it is too early to say. You say that eventually you will come right.

No prizes for guessing which option the IMF has taken. Its half-yearly world economic outlook (WEO) report says the UK will do fine in 2016 but is going to find the going a lot tougher in 2017.

Dutch Bank ING overhauls its European operations and moves more trading jobs to London

What's this I hear about Nissan building there new model in Sunderland?
surely not, they were threatening to leave last week, what's going on!

Well, whatever is going on, 'tis the usual capitalist scenario:

wtherspoons advertising for staff at old minimum wage levels

food prices rising in the shops
fuel prices rising at the pumps
fares rising
wages fairly static
nhs waiting lists lengthening
patients having to fund transport to and fro hospital for operations ( personal experience)

£ almost one to one with euro ( crap for going to Ireland - your nearest EU neighbour).

AND, we are still years away from brexit ( hard or soft).

Btw,

at the time of the silly referendeum ( I refused both tory "choices") , I had never even heard of "hard brexit" /"soft brexit".

I guess all the activists who are told and possibly paid to come on here and put a positive spin on things ( regardless of the facts, (GUNSTER STYLE))
knew exactly what these terms entailed.

If that be the case, what's the fkn hold-up?

The whole bureaucratic shambles is costing millions at a time when the UK is well in debt.

Good luck to ye!

One day it will dawn on remainers that this little island is enduring many problems caused by the huge population increases over the last few years, mainly due to EU laws that supersede our own laws.
Those that refuse to accept that are refusing to accept reality.
Fuel prices,in particular diesel,rise every autumn/winter,a fact of life.
Why should any European country pay a single penny/cent to a bureaucracy when we have our own government to make policies,and decisions,and is a situation that worked for many many years before the EU came into being.
Worse still,it costs a fortune for having outsiders telling us how to run our island,yet many think that this is correct,and is a good way to live.Amazing!!!

a situation that worked for many many years before the EU came into being.




Yeah Britain was doing great before entering the EEC.

before joining the EU the average British person, working and middleclass had seen the greatest increase in standard of living in almost any country at any time in history.

before joining the EU the average British person, working and middleclass had seen the greatest increase in standard of living in almost any country at any time in history.




Meaningless incoherent nonsense - well done for remaining true to type.

And there you have it!A complete waste of time,and energy, responding to posters like the above.Best left alone.

The ratification of the Maastricht Treaty would be the formation of the EU in 1993.

What I still fail to understand is why anyone thinks that our fortunes as a country (good or bad) have anything to do with being a member of the EU. We were in a mess in the fifties and sixties until the unions were tamed but have prospered (relative to other EU states in the last 10 years (mainly because of a more liberal attitude to labour and capital movement) as we have resisted a lot of EU regulation which is crippling the other members. Once the dust settles, the only difference I can see is that a lot of bureaucrats will have to find something else to do and accept a lesser salary. The EU exists to provide jobs at high salaries for the sons and daughters of the political elites of France and Germany who can't find one in their own country and to favour French and German banks and companies over any others. A friend of mine has just spent a month in France and the main topic of conversation with French people was how the EU could afford to carry on its policies without us.

in the 50s and 60s Britain had the greatest increase in living standards for both the working and middle classes as has been seen by almost any country and any given time in history.
before we joined the EU.

In the 50's and sixties the USA, West Germany, France, Japan, Australia, New Zealand, Canada, Denmark, Sweden, Norway, Finland, Netherlands, Belgium

all had greater increases in living standards for working and middle class people than the UK. Why do you post stuff that a simple fact check shows to be false ?

nonsense Wurzel, those little countries, backward I many cases, only were able to progress because of the creative and industrial power of Britain and the US.
they were starting from a very low point and without the intelligence and creative and technical genius of Britain and the US would have been in a pickle.
By the way even the US, our nearest rival, did not have such a prosperous society as Britain enjoyed.
Remember Wurzel envy is a kind of insanity and you are heading down that road.

you may meet sean there.

There was no Velvet Underground in East Germany!

or West for that matter, silly things.

lfc1971 is ignoring history. The very reason that the UK begged the EEC to let it in was because the single market was making them richer quicker. Britain saw itself getting left behind. Then it forgot. History will repeat itself.

poor ub lacks the brain to try and figure out what has gone wrong.
he`ll be telling us John Lennon came from Berlin next.

HE`ll be racking his brain to try and figure it out, but nothing comes out.

By the way even the US, our nearest rival, did not have such a prosperous society as Britain enjoyed.



Fair enough you are obviously on the wind up.

have you ever lived and worked in the US Wurzel?
if not I suggest you pipe down.

As it happens I spent 7 years living and working in California, my first wife is an American and I have a son who is an American citizen.

If you imagine the Britain was more prosperous than the US in the 50's and 60's you are delusional.

as it happens I spent almost 10 years working in the very heartland of America, in industry not in California.
and if you think the average American worker was more prosperous, or had better pay and conditions than in Britain then you are blind

I would go as far to say that may still be the case even today.

by the way I worked there in the 90s, but had relatives who lived there in the 50s and 60s

Thanks again for the censorship and deletions, lfc666.

For a sixthform cllege boy ye sure put the mileage in!

When was it ye played in the meadows of Woodchurch?

The ould memory playing tricks on ye, perhaps.

I take it ye kept up your uk NI contributions so that ye are fine on the rocknroll nowadays?

Good luck to ye!

We are still waiting for the utopia of powerful dysons...an extra bank hoilday....vat free fuel bills....and the withdrawal of the eu ban on menthol cigarettes.


When does Brexit Britain start?

^^^There is a theory out there that Remainiacs are brighter than a 10 - watt LED.

When does Brexit Britain start!

CENSORS active again on this thread.

I pointed out that there is no such word as brexit - hard or soft.

No such word and probably no such thing.

Just a money-making racket.

The tories rule, whatever.

Sean I understand were you are coming from. But if the world is to ever change for the better we need as many international links as possible. Europe will do for a start. Also I am an internationalist and like being a European in every way possible. On the other hand i am a  fan of Varoufakis and no-one condemns the Eurocratic elite more than him. Fight em from within.

Fight them from within?

The Lisbon Treaty gave the EU a self amending clause so there won't need to be any further Treaties.
This Treaty bestowed upon the EU all the attributes of statehood.

And you know what melv, the UK agreed to this.
So the UK stands by and agrees to more centralised power to the EU masters and then squeak like a mouse "Let's fight them from within"

Keep nibbling on that cheese melv.

melv,

I would say that the world is always changing, but depending on our particular point of view, not always for the better.

Yesterday in hospital showed me how stretched the NHS is. Basics, like enough beds, were lacking.

I note too that Hawkings has said again that robotics may even wipe us out. I guess it's like everything else that's powerful - it can operate for good or, can fall into the wrong private hands and be used agin humanity.
All a bit like Nobel and his dynamite.
OK, when used properly.

NATO is ten times stronger than Putin, yet the latter is able to gain control of the UK and maybe even the United States ( via his puppet trump) by buying into the pressure groups.
Obviously, the A Team of English capitalism ( con & U paRTY) realise this, but they don't seem to do much but give out empty rhetoric.

They're even using drones to get drugs into Pentonville nowadays.

the problem of UK and USA trying to stop Russia having an influence is the threat it would pose to freedom of speech and freedom of the press, both of which are a risk to national security but have strong public support.

They've even signed up to a deal with turkey and is ra el.

Obviously, the A Team of English capitalism ( con & U paRTY) realise this, but they don't seem to do much but give out empty rhetoric.

That's all they need. A few Churchill impressions and a lot of fear mongering get you a lot of attention and very possibly power.

Threats to Russia increase Putin's power and sabre ratting here enriches and empowers the armaments sellers and the military complex.

Some people just love wars. Tragically.

The natural Capitalist Cycle, melv, is

BOOM
SLUMP
WAR.

Round and round we go.

Yes, there are plenty of nutters about who can easily be brainwashed and led into violence ( eg daesh).

But, the poor system we are under has inevitable consequences.

All this was pointed out years ago, but censored out.

I showed how we were going through a period of WAR, which followed the Crash. Perfectly normal for captalism.

Soon we shall have much of this turmoil behind us and folk will feel better and charlatans will claim the credit ( had it all before, with Macmillan, thatcher, blair etc).

Then, unless we break the vicious circle ( which seems far away), the whole cycle will repeat.
Folks will think of different scapegoats and probably leave the true CAUSE  of the aggro in place.

CLIMATE CHANGE  ( annual floods nort far away)
CYPERWARFARE ( happening right now)
SUPERBUGS ( active right now.

These are the important problems for mankind.

We can solve them.

Sean I agree with you 100%.

Yep war is the way capitalism sorts itself out. Its always made out to be a random Good v evil thing. We of course are always the good,. They are always the evil.

Never is it allowed to be known is that beneath it all there is always a deep fik up in capitalism. We are in a major crisis now. These little wars ( to us. Not to the millions dead and displaced) that we have been fomenting for the last 20 years or are not doing the trick. can a really big one be far off?

If people refuse to wake up to this possibility I fear for the near future. There may not be one.

Everybody knows it; few are brave enough to do anything about it.
As individuals, we are powerless.

That is why we have to target the REAL CULPRITS,  ie the Rulers. They have the power, but don't use it for the benefit of mankind.

Now, let me get back to relaxing on my luxury yacht and don't be bothering me again!

Turkey ( now russia's ally) is the prob with the move on Moselle.

Putin's in Syria for the long term.

is ra el and turkey have tied up with him.

This is the dilemma for another faction of capitalism , uk /USA.

Using the likes of djtrump and ewe-krap is all part of the putinites' strategy.

And, it won't be long ore we hear them trotting out the old one about "COMPETITION  is good for us".

One thing the ROBBER BARONS never really liked was competition; check out MORGAN, ROCKEERFELLER, CARNEGIE ET AL  in the Thirties.