The Economy is in for a rough ride

[jeremyp]

http://www.bbc.co.uk/news/uk-politics-uk-leaves-the-eu-36708774

The share of businesses that are pessimistic about their prospects has jumped from 25% to 49%. This means that they will cut back or freeze new investment which means the economy is going to slow down.

More evidence that the Remainers were right.

Hopefully, some day soon I'm going to wake up from this nightmare.

[Walt Zingmatilder]

http://www.bbc.co.uk/news/uk-politics-uk-leaves-the-eu-36708774

The share of businesses that are pessimistic about their prospects has jumped from 25% to 49%. This means that they will cut back or freeze new investment which means the economy is going to slow down.

More evidence that the Remainers were right.

Hopefully, some day soon I'm going to wake up from this nightmare.

The way forward is clear then....The Norway option with tax for the best off and cuts in benefits.

[jeremyp]

The first brown shoots of Brexit

http://www.bbc.com/news/business-36853577

Easyjet has lost £40 million so far because of the totally unnecessary slump in the pound caused by Brexit.

[Jack Knave]

Front page of the Telegraph : BoE says no signs of the downturn; as forecast by those doom mongers the Remainers; things looking steady.

[jeremyp]

Front page of the Telegraph : BoE says no signs of the downturn; as forecast by those doom mongers the Remainers; things looking steady.

You haven't seethe IMF forecast then?

[Jack Knave]

You haven't seethe IMF forecast then?

You mean the IMF that keep getting things wrong, again and again?

[Aruntraveller]

Front page of the Telegraph : BoE says no signs of the downturn; as forecast by those doom mongers the Remainers; things looking steady.

Aye - that's probably because currently we are still in the EU and will be for at least the next 2 years.

Things will change, and for the worse, when Article 50 is invoked.

[jeremyp]

Aye - that's probably because currently we are still in the EU and will be for at least the next 2 years.

Things will change, and for the worse, when Article 50 is invoked.

The IMF is predicting that growth in the UK will be nearly 1% less than previous pre-Brexit forecasts.

Let's hope the BofE is right, although before the vote Jack Knave and his ilk dismissed them as mere experts.

[Aruntraveller]

And the for the fuckwits who don't understand there's this:

http://www.bbc.co.uk/news/business-36864273

[Hope]

And the for the fuckwits who don't understand there's this:

http://www.bbc.co.uk/news/business-36864273

You beat me to it!!, Trent.

[jeremyp]

Oh, another region that voted Brexit is going to be screwed

http://www.itv.com/news/wales/update/2016-07-13/alun-cairns-welsh-eu-funding-cant-be-replaced-by-westminster/

Wales voted Leave and the government is already saying they won't be able to keep all those lovely grants. Sucks to be Welsh.

And English.

And Scottish.

And Irish.

[jeremyp]

Looks like that's about it for strawberry farming

https://www.theguardian.com/uk-news/2016/jul/20/brexit-farm-labour-shortages-fruit-vegetable-harvests-national-farmers-union

[Jack Knave]

Aye - that's probably because currently we are still in the EU and will be for at least the next 2 years.

Things will change, and for the worse, when Article 50 is invoked.

...and more unsubstantiated project fear...

Careless talk costs lives!

[Jack Knave]

The IMF is predicting that growth in the UK will be nearly 1% less than previous pre-Brexit forecasts.

Let's hope the BofE is right, although before the vote Jack Knave and his ilk dismissed them as mere experts.

This time the BoE was doing its job of looking at the short term based on the facts to hand not conjuring up forecasts based on gossip.

[Aruntraveller]

...and more unsubstantiated project fear...

Careless talk costs lives!

What careless talk like we'll spend 350 million on the NHS? 

Oh sorry that wasn't careless talk that was a bare-faced lie.

[Jack Knave]

What careless talk like we'll spend 350 million on the NHS? 

Oh sorry that wasn't careless talk that was a bare-faced lie.

They weren't talking down the economy and the UK they were trying to win a referendum. And it wasn't wholly a lie but a possibility...

[ProfessorDavey]

They weren't talking down the economy and the UK they were trying to win a referendum. And it wasn't wholly a lie but a possibility...

No it was a lie.

And no-one is talking down the economy - merely reporting reality.

[Aruntraveller]

They weren't talking down the economy and the UK they were trying to win a referendum. And it wasn't wholly a lie but a possibility...

They were lying. And anyway I haven't talked the economy down - the act of voting to leave has made the economy shrink. You did that. Own it and suck it up. We are all losers because of backward-thinking, small-minded, racist, xenophobic rubbish.

[Jack Knave]

They were lying. And anyway I haven't talked the economy down - the act of voting to leave has made the economy shrink. You did that. Own it and suck it up. We are all losers because of backward-thinking, small-minded, racist, xenophobic rubbish.

It is the lie of project fear of the Remainers that is running the economy down.

[Walt Zingmatilder]

What careless talk like we'll spend 350 million on the NHS? 

Oh sorry that wasn't careless talk that was a bare-faced lie.

I think it's something like 30 years before that will be the case and then the NHS will have ended thanks to Brexiteers.

[Walt Zingmatilder]

It is the lie of project fear of the Remainers that is running the economy down.

No, it's Brexit.

[Aruntraveller]

And yet more of the brave new world of Brexit:

http://www.bbc.co.uk/news/uk-36869000

[Bubbles]

The industry I am in seems to be on a roll.

Can't say I've noticed Brexit yet.

If anything we are busier than ever.

Ok maybe that won't last, but I've never seen it so busy.

We will have to see how it pans out in 12 months time.

I work for a big company. (International)

I'm starting to wonder if people want to spend their money before someone takes it away from them, but my RL reality doesn't reflect the gloom here.

I've got a real sense of cognitive dissonance when I read such gloomy outlooks.

Maybe it takes a while to filter down.

[jeremyp]

This time the BoE was doing its job of looking at the short term based on the facts to hand not conjuring up forecasts based on gossip.

This is the same Bank of England, by the way, that you are criticising for making £250 billion available for banks. You seem to be cherry picking.

[Jack Knave]

This is the same Bank of England, by the way, that you are criticising for making £250 billion available for banks. You seem to be cherry picking.

No one's perfect.

All I'm saying is that this time, with this forecast and assessment, they were doing what they are suppose to in the manner that they should, not playing politics with the facts.