For the quarter and only a small one...
What does May actually believe in??
[url= https://www.theguardian.com/politics/2016/oct/26/theresa-may-under-fire-following-leaked-brexit-recording ]Link[/url]
Private talks at Goldman Sachs a month before the Ref & she says this;
"In the hour-long session at Goldman, May said: “I think the economic arguments are clear. I think being part of a 500 million [population] trading bloc is significant for us. I think, as I was saying to you a little earlier, that one of the issues is that a lot of people will invest here in the UK because it is the UK in Europe.
“If we were not in Europe, I think there would be firms and companies who would be looking to say, do they need to develop a mainland Europe presence rather than a UK presence? So I think there are definite benefits for us in economic terms.”
Yay!
Now we get 100 pages of each side explaining why 0.5% growth proves that they are right...
Can't wait.
[quote=fin25 ]Yay!
Now we get 100 pages of each side explaining why 0.5% growth proves that they are right...
Can't wait.
Jamba right now...
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What does May actually believe in??
With Goves reappearance back on the scene, trying to slime his way back into the cabinet, I think we can conclude that everyone involved in this tragicomic debacle believe in nothing more than their own personal advancement.
They say you get the politicians you deserve. How the **** did we end up with this bunch of self-serving shysters?
They say you get the politicians you deserve. How the **** did we end up with this bunch of self-serving shysters?
A hereditary system would solve that.
They say you get the politicians you deserve. How the **** did we end up with this bunch of self-serving shysters?
I think you've answered your own question.
Damn, £ is up - must get my €s back to the UK!
The Economic data isn't news. The fact Osbourne / IMF tried to scare people with tales of Economic Armageddon which every day are being proven to be sh.te isn't news.
Yup Economy still growing, no recession.
As for earlier comment about freedom of movement being required for international trde deals that's nonsense. The EU is the only trade block with freedom of movement. Not replicated anywhere else as its a terrible idea amongst such economically disparate nations. A trade deal with Australia including easier access to visas both ways - yup where do I sign ?
Huh.. BBC business article headline
"Economy grows by 0.5%"
Main BBC headline
"Growth slows to 0.5%"
The fact Osbourne / IMF tried to scare people with tales of Economic Armageddon which every day are being proven to be sh.te
It hasn't happened yet, so you can't call it shite. Just wait and see.
The fact Osbourne / IMF tried to scare people with tales of Economic Armageddon which every day are being proven to be sh.te isn't news.
It still underperformed though didn't it...
0.5% as opposed to 0.7% when worst case was 0.3% - that's hardly a resounding endorsement now is it?
"The economy expanded by 0.5% in the July-to-September period, according to the Office for National Statistics.
That was slower than the 0.7% rate in the previous quarter, but stronger than analysts' estimates of about 0.3%."
Before you get carried away. What's the margin of error? 1%?
No recession, but every commentator sounding nervous, inflation coming, personal debt at an all time high I believe, manufacturing down, construction down, agriculture down (was anything other than services, which might repeat might be most hit by non-EU trade deals, up?) and growth already slowing.
Still der fuhrer says be happy, so I shall be happy.
PS did anyone else look at BoardingBob's picture and think "tubeless moment"?
looks like Craney has earnt his crust and bailed out the BSers, with his QE- as it was services that expanded
every other sector shrank
It still underperformed though didn't it...
Not necessarily - we won't really know for sure what the economy did in the last quarter for 2-3 years.
If we cast our minds back a few years National Statistics landed up revising their previous reports of a double dip recession to there being only one dip. The data aren't all available yet and therefore any current conclusions may / may not be accurate.
[url= http://news.sky.com/story/double-dip-recession-never-actually-happened-10441830 ]Sky News - double dip recession never happened[/url]
J5m - revisions can got two ways
The EU is the only trade block with freedom of movement
But the EU isn't just a trade block.
Good - they need jobs round there
The EU is the only trade block with freedom of movement
The UK?
[quote=mrlebowski ]What does May actually believe in??
Being PM. I'm not sure why anybody is at all confused about that.
Aracer - not sure she does. She has that rabbit caught in the headlights look a little too often
re Nissan : following support and reassurances from uk government .
how much is that going to cost ?
[quote=cchris2lou ]how much is that going to cost ?
Reportedly how ever much brexit might cost them in terms of tariffs.
[quote=jambalaya ]......... The EU is the only trade block with freedom of movement. Not replicated anywhere else as its a terrible idea amongst such economically disparate nations.............
It could be argued the the union of American States that formed the USA led to the amalgamation of a block of disparate nations-states (French, Spanish, German, English etc) to form a trading block with freedom of movement. However, they are now tied together with a common language and currency. Having had such a short pre-union history that integration was a relatively painless affair..
The EU COULD work in much the same way if it wasn't for the tribalism and archaic ideas of sovereignty that our shared history of conflict and mistrust has created over the past few millennium. The development of mankind as a species should (must) allow us to overcome such issues in the long term for the common good of our planet. This is why so many intelligent and forward thinking people have an issue with the insular, "gated community" mentally of your average Brexit supporter.
So the taxpayer is on the hook for any costs incurred by Nissan.
Plus every other manufacturer is now knocking on Phils door saying "you know that deal Nissan just got? Well... we'll have a bit of that as well please? Or we're relocating to Romania"
Could get like the bank bailouts all over again, this....
With all these blank cheques being signed at number 11
So has May confirmed we will be staying in the single market, then?
its not her decision to make unilaterally....how many times? 😯
Welsh the USA is a perfect example. It's now one country and it had a civil war to get there. A United States of Europe is exactly the EU project (agreed Nipper the EU is much more than a trade block, read the 1975 Referendum pamphlet which said it would ONLY be a trade block)
The EU is a superstate project which is why I voted Leave at the first opportunity available to me and before it's too late
So the taxpayer is on the hook for any costs incurred by Nissan
At the moment there are savings. We'll see where the € goes in the future.
Kimbers - no we won't stay in "THE single market" as there are far too many strings attached. We will have our own deal IMO - WTO with add ons I suspect
a trading block with freedom of movement
Nordic Council.
Also arguably Germany, Spain, and Switzerland.
teamhurtmore - Member
its not her decision to make unilaterally....how many times?
that was my point, she cant - so what has she offered?
if a hard brexit (no single market & customs union + import duties,) makes a car 10,20,50?% more expensive to produce here, how much does the taxpayer have to subsidise per car?
A United States of Europe is exactly the EU project
I think that's SOME people's desire, but not others.
Nissan also knows that workers right in the uk are crap , so if it gets too bad in the uk , a lot easier to shut down a factory than in the eu .
not really a big risk for Nissan . Deals are going to take years to sort out .
[quote=jambalaya ]At the moment there are savings.
[b]WE HAVEN'T LEFT YET[/b]
We will have our own deal IMO - WTO with add ons I suspect
"la, la, la, la"
Nissan have confirmed the new Qashqai will be built in Sunderland.
http://www.bbc.co.uk/news/business-37787890
Great news for the North East.
It is, I guess (mikefacts) that the decision means brexit will take longer than the production...
Breaking - Sunderland to be allowed to stay in EU after the rest of the UK leaves.
Great news from Nissan but as been said what promises have the Government made???
0.5% growth is nothing to get excited about, hides the fact that manufacturing is down.
The EU is a superstate project which is why I voted Leave at the first opportunity available to me and before it's too late
Wasted vote then. We were not part of that bit - something that was clarified this year. We were focused on the good bits which we are now throwing away in an appalling example of sovereign self harm.
At least you are admitting that you decision was based on a flawed premise. Progress.... 😉
BBC pointing out that treasury growth forecasts of possible recession were made on the assumption that A50 would be triggered and no BoE stimulus assumption.
Or in other words - no chicken counting yet.
Great news for the North East.
and for the french taxpayer as we will now be subsidising their car industry as Renault/Nissan is part state owned