The economic consequences of Brexit

The economic consequences of Brexit

Poll: The economic consequences of Brexit

Total Members Polled: 732

Far worse off than EU countries.: 15%
A bit worse off than if we'd stayed in.: 35%
A bit better off than if we'd stayed in.: 41%
Roughly as rich as the Swiss.: 10%
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Author
Discussion

mike9009

7,091 posts

245 months

Thursday 27th October 2016
quotequote all
wc98 said:
yep, good news from actual "experts" . the type that actually build things, create real wealth etc. the people still moaning about brexit do not actually know what justifies the term "expert" to most people.people that design, build, manufacture and manage those types of operations are experts. a one man band that can rebuild mercedes auto boxes to the equivalent standard they left the factory is an expert.

mouthy academics that do fk all but talk and clowns with ppe degrees are not experts in anything. apart from bullst and throwing the toys out the pram when the thick bigoted general population call them on aforementioned bullst. fk the lot of them smile
Good news indeed.... but I do wish the Brexiters would stop mosning about the remainers moaning. It is a little tiresome now..... wink

SeeFive

8,280 posts

235 months

Thursday 27th October 2016
quotequote all
JawKnee said:
We will remain full members of the EU for at least the next 2 and a half years. No wonder Nissan decided what they have. No tariffs at all whilst in the EU.

The real test will be whether they continue to invest once we have left. Perhaps one of TMs assurances was that our primary aim in negotiations is to remain members of the single market.

In short. Being members of the EU is good for business. Leaving isn't.
Yes, 'cos as has been stated as the bleeding obvious, major international vehicle manufacturing companies don't plan infrastructure further out than 2 and a bit years.

Let's take the hurt Brexit loser approach and ignore / minimise what has actually happened to the positive and bring in pure hypotheses driven by a personal agenda, and then restate a flawed and unsubstantiated opinion as the final line.

WinstonWolf

72,857 posts

241 months

Thursday 27th October 2016
quotequote all
It's a pretty st news day if you're a Remoaner, I bet ///ajd hates it rofl

vsonix

3,858 posts

165 months

Thursday 27th October 2016
quotequote all
MarshPhantom said:
don4l said:
Hosenbugler said:
steveT350C said:
BREAKING: Economic growth = 0.5% in the three months since EU referendum vote...

Despite Brexit
Was just about to post. Exceeds expectations, 0.3% predicted.

Sharp contrast to the claims of project fear , 0.1% or even into a negative figure, according to them if we had the temerity to vote to leave the EU. More evidence of the hysterical nonsense they shouted.
The Remainers said that we would have an immediate recession if we voted Leave.

Liars.
The entire Leave campaign was a pack of lies.
Frankly, both sides were full of st about a good many things, which made it very difficult to make a choice either way.
What cracks me up is that Cameron nailed his colours to the'Remain' mast meaning vast swathes of people who wouldn't normally widdle on the man if he spontaneously combusted found themselves suffering immensee cognitive dissonance when they had to agree with him. LOL.


JawKnee

1,140 posts

99 months

Thursday 27th October 2016
quotequote all
SeeFive said:
JawKnee said:
We will remain full members of the EU for at least the next 2 and a half years. No wonder Nissan decided what they have. No tariffs at all whilst in the EU.

The real test will be whether they continue to invest once we have left. Perhaps one of TMs assurances was that our primary aim in negotiations is to remain members of the single market.

In short. Being members of the EU is good for business. Leaving isn't.
Yes, 'cos as has been stated as the bleeding obvious, major international vehicle manufacturing companies don't plan infrastructure further out than 2 and a bit years.

Let's take the hurt Brexit loser approach and ignore / minimise what has actually happened to the positive and bring in pure hypotheses driven by a personal agenda, and then restate a flawed and unsubstantiated opinion as the final line.
Nissan wouldn't have thought twice about investing had we voted to remain. No problem at all. Now to keep them here the government will have to subsidise a foreign company if we don't get a favourable Brexit deal. Is this how our money should be spent post Brexit?

Dangerous precedent to set.

anonymous-user

56 months

Thursday 27th October 2016
quotequote all
Trophy Husband said:
bmw535i said:
Trophy Husband said:
bmw535i said:
Trophy Husband said:
Trying to decipher the truth from the lies like most other people. Running my business with all this in the background. Worrying about the next 20 years and how this will affect my now 6 year old and 4 year old sons. Reading what you quote above regarding Mr Azevedo's comments prior to the leave vote, it seems that he has changed his stance. Why so is my question. Next question to those that voted leave. What convinced you that leave was best?
Fewer immigrants smile
Given the flaming I have had, this tickled me!
Oh, did you think I was joking? confused
To be fair, I couldn't really know one way or another. at least you are being honest (or not).
So good marks for integrity, bad marks for xenophobia?

Am I doing this right?

powerstroke

10,283 posts

162 months

Thursday 27th October 2016
quotequote all
MarshPhantom said:
This thread is bringing the aholes out.
You don't need to post to prove that ,there are many others like you who are hard of thinking smilesmile
....


Edited by powerstroke on Thursday 27th October 13:32

anonymous-user

56 months

Thursday 27th October 2016
quotequote all
WinstonWolf said:
It's a pretty st news day if you're a Remoaner, I bet ///ajd hates it rofl
I love how he disappears for a few days and then slides back in.

Maybe we shouldn't joke, the "national suicide" may have started.......

WinstonWolf

72,857 posts

241 months

Thursday 27th October 2016
quotequote all
bmw535i said:
WinstonWolf said:
It's a pretty st news day if you're a Remoaner, I bet ///ajd hates it rofl
I love how he disappears for a few days and then slides back in.

Maybe we shouldn't joke, the "national suicide" may have started.......
Yeah, he's never around to comment on the good news, I wonder why scratchchin

JawKnee

1,140 posts

99 months

Thursday 27th October 2016
quotequote all
WinstonWolf said:
bmw535i said:
WinstonWolf said:
It's a pretty st news day if you're a Remoaner, I bet ///ajd hates it rofl
I love how he disappears for a few days and then slides back in.

Maybe we shouldn't joke, the "national suicide" may have started.......
Yeah, he's never around to comment on the good news, I wonder why scratchchin
Good news? Economic growth is slowing and that's good news?

don4l

10,058 posts

178 months

Thursday 27th October 2016
quotequote all
mike9009 said:
don4l said:
mike9009 said:
Why are we bothering to negotiate? I thought we voted out of the EU and single market?

The peoples voice was rather clear on that - well 52% anyway.

Mike
52% was more than a majority when I studied maths.

Are you saying that my maths teacher lied to me?

50.0000001% was all that was needed for a victory.

We got more than a million times than what was necessary.

If you had lost by only one vote, then you would have lost.

Fortunately, you lost by a margin that was a million times bigger than necessary.

Come the 15th March 2019, we will be free of the shackles of the socialist idiots who run the EU.

This is a cause for great celebration and national pride.

Sadly, most of the people who voted Remain don't seem to have any sense of National Pride.

So, Mike9009, I will ask you a simple question.

Tell us why you think that Great britain is a good country to live in?

If you cannot answer this question with any degree of enthusiasm, then you will just confirm my view that most Remainers are actually traitors.

The floor is yours...
I really do not get what you are going on about? I acknowledge the result and the request of the majority of the British population. I don't think I have posted differently - especially in my post you quoted.

You have managed to find a connection between me asking why we are bothering to negotiate on the single market when the majority of people rejected the single market, and that I am a traitor to the UK. Very bizarre?

My honest opinion is that to continue to have a good (or better) quality of life in the UK, the country needs to have a good economic strategy to support that objective. To achieve that objective, I felt remaining in the EU was the best option. (Personally, the result will hopefully have little financial consequence for me, as my job is not reliant on EU trade and most investments I have are in global equities and FTSE100). smile

Therefore, because of your bigotry, you assume this makes me a traitor and not have any national pride? I 'could' also accuse you of being a traitor for damaging the economic prospects of the UK and thus the quality of life (long term) of the British people. But I will not challenge you to this - or expect a reply because I can respect your decision and POV. (...and as yet this political/ economic 'experiment' has yet to play out.....)

It is good to have a debate - but I do find your posts overly personal and disrespectful.


Mike

PS How is your import/ export business going? (genuinely interested if you have been impacted by price rises and whether business has picked up?)

Edited by mike9009 on Wednesday 26th October 19:41
I apologise for the tone of my reply above. I cannot see any justification for it. Sorry.


Business is very good at the moment.

Imports are costing more, so I have had to put up prices. This isn't a problem as all of my competitors are in the same boat. Domestic customers are either understanding, or unaware of the price rises.

On the export front, it feels busier. However, we don't do a huge amount, so it will take some time to be certain.

However, for July-Sept the figures do look pretty convincing.

July-Sept 2016 Thirteen orders with a value of £20.7k

July-Sept 2015, Five orders with a total value of £10.09k.


So, although the figures are low, they do seem to be pretty convincing.

Our overall profit margins are up.

October isn't quite over yet, but it is already the best month that we have had in two years. September was also quite good.


anonymous-user

56 months

Thursday 27th October 2016
quotequote all
JawKnee said:
WinstonWolf said:
bmw535i said:
WinstonWolf said:
It's a pretty st news day if you're a Remoaner, I bet ///ajd hates it rofl
I love how he disappears for a few days and then slides back in.

Maybe we shouldn't joke, the "national suicide" may have started.......
Yeah, he's never around to comment on the good news, I wonder why scratchchin
Good news? Economic growth is slowing and that's good news?
I'm sure you will find it all negative

UK economy grows 0.5% in three months after Brexit vote
http://www.bbc.co.uk/news/business-37786467

SeeFive

8,280 posts

235 months

Thursday 27th October 2016
quotequote all
JawKnee said:
SeeFive said:
JawKnee said:
We will remain full members of the EU for at least the next 2 and a half years. No wonder Nissan decided what they have. No tariffs at all whilst in the EU.

The real test will be whether they continue to invest once we have left. Perhaps one of TMs assurances was that our primary aim in negotiations is to remain members of the single market.

In short. Being members of the EU is good for business. Leaving isn't.
Yes, 'cos as has been stated as the bleeding obvious, major international vehicle manufacturing companies don't plan infrastructure further out than 2 and a bit years.

Let's take the hurt Brexit loser approach and ignore / minimise what has actually happened to the positive and bring in pure hypotheses driven by a personal agenda, and then restate a flawed and unsubstantiated opinion as the final line.
Nissan wouldn't have thought twice about investing had we voted to remain. No problem at all. Now to keep them here the government will have to subsidise a foreign company if we don't get a favourable Brexit deal. Is this how our money should be spent post Brexit?

Dangerous precedent to set.
So your assumption is that Nissan are planning their business not on how they can achieve success in building and selling their cars to maximise opportunity and profit, but getting some sort of insurance policy from the UK if Brexit turns out bad?

You don't think that Nissan (and UK government) could possibly be thinking that with the facts and indicators that they have, success is likely, and payouts would be unnecessary? You truly believe that Nissan would plan to fail and have to start again quickly somewhere else?

Sounds like agenda driven opinion to me, minimising the positive news on pure hypotheses again. Only dangerous if they believe it will fail, which in case you don't know, very few companies as successful globally as Nissan actually do in business.



SeeFive

8,280 posts

235 months

Thursday 27th October 2016
quotequote all
JawKnee said:
Good news? Economic growth is slowing and that's good news?
Economic growth is above what people like you and the "experts" predict d at this stage, yes that is good news. Economic growth slowed far more prior to the referendum.

Again, negative spin.

Edit - not clear, economic growth has slowed many times for many different reasons over time (before the referendum). People want to blame it on one thing.

Edited by SeeFive on Thursday 27th October 13:52

Gogoplata

1,266 posts

162 months

Thursday 27th October 2016
quotequote all
JawKnee said:
Nissan wouldn't have thought twice about investing had we voted to remain. No problem at all. Now to keep them here the government will have to subsidise a foreign company if we don't get a favourable Brexit deal. Is this how our money should be spent post Brexit?

Dangerous precedent to set.
Haven't Nissan always received subsidies from the UK government though?

http://www.bbc.co.uk/news/uk-england-17273462

http://www.thejournal.co.uk/business/business-news...

IIRC Nissan threatened to close the Sunderland plant in the 90's if the UK didn't join the Euro currency.


Esseesse

8,969 posts

210 months

Thursday 27th October 2016
quotequote all
SeeFive said:
JawKnee said:
Good news? Economic growth is slowing and that's good news?
Economic growth is above what people like you and the "experts" predict d at this stage, yes that is good news. Economic growth slowed far more prior to the referendum.

Again, negative spin.

Edit - not clear, economic growth has slowed many times for many different reasons over time (before the referendum). People want to blame it on one thing.
The US economy is in the st. We will surely follow. Nothing to do with Brexit.

If western economies were in any kind of decent shape interest rates would have been raised at least a couple of percentage points over half a decade ago. We're on life support.

WinstonWolf

72,857 posts

241 months

Thursday 27th October 2016
quotequote all
JawKnee said:
WinstonWolf said:
bmw535i said:
WinstonWolf said:
It's a pretty st news day if you're a Remoaner, I bet ///ajd hates it rofl
I love how he disappears for a few days and then slides back in.

Maybe we shouldn't joke, the "national suicide" may have started.......
Yeah, he's never around to comment on the good news, I wonder why scratchchin
Good news? Economic growth is slowing and that's good news?
The economy out performed the predictions and is growing. We've all seen how wrong the 'experts' and their predictions are...

Banks are happy, I'm very happy, the signs are all there you just refuse to see them.

davepoth

29,395 posts

201 months

Thursday 27th October 2016
quotequote all
JawKnee said:
WinstonWolf said:
bmw535i said:
WinstonWolf said:
It's a pretty st news day if you're a Remoaner, I bet ///ajd hates it rofl
I love how he disappears for a few days and then slides back in.

Maybe we shouldn't joke, the "national suicide" may have started.......
Yeah, he's never around to comment on the good news, I wonder why scratchchin
Good news? Economic growth is slowing and that's good news?
http://www.britishchambers.org.uk/upload/BCC%20UK%...

Economic growth is absolutely on target. That's according to this forecast from the British Chambers of Commerce which assumed we wouldn't leave the EU. biggrin

JawKnee

1,140 posts

99 months

Thursday 27th October 2016
quotequote all
SeeFive said:
JawKnee said:
SeeFive said:
JawKnee said:
We will remain full members of the EU for at least the next 2 and a half years. No wonder Nissan decided what they have. No tariffs at all whilst in the EU.

The real test will be whether they continue to invest once we have left. Perhaps one of TMs assurances was that our primary aim in negotiations is to remain members of the single market.

In short. Being members of the EU is good for business. Leaving isn't.
Yes, 'cos as has been stated as the bleeding obvious, major international vehicle manufacturing companies don't plan infrastructure further out than 2 and a bit years.

Let's take the hurt Brexit loser approach and ignore / minimise what has actually happened to the positive and bring in pure hypotheses driven by a personal agenda, and then restate a flawed and unsubstantiated opinion as the final line.
Nissan wouldn't have thought twice about investing had we voted to remain. No problem at all. Now to keep them here the government will have to subsidise a foreign company if we don't get a favourable Brexit deal. Is this how our money should be spent post Brexit?

Dangerous precedent to set.
So your assumption is that Nissan are planning their business not on how they can achieve success in building and selling their cars to maximise opportunity and profit, but getting some sort of insurance policy from the UK if Brexit turns out bad?

You don't think that Nissan (and UK government) could possibly be thinking that with the facts and indicators that they have, success is likely, and payouts would be unnecessary? You truly believe that Nissan would plan to fail and have to start again quickly somewhere else?

Sounds like agenda driven opinion to me, minimising the positive news on pure hypotheses again. Only dangerous if they believe it will fail, which in case you don't know, very few companies as successful globally as Nissan actually do in business.
Not agenda driven opinion at all. Read the news. The government have given written confirmation to Nissan that they will be given support if Brexit affects their competitiveness. For it to get to this stage suggests both parties see the worst case scenario as a real possibility.

And why should Nissan get special treatment? Every other business in the UK will want exactly the same subsidies. Can we really afford that?

What a shambles this is turning into.

JawKnee

1,140 posts

99 months

Thursday 27th October 2016
quotequote all
WinstonWolf said:
The economy out performed the predictions and is growing. We've all seen how wrong the 'experts' and their predictions are...

Banks are happy, I'm very happy, the signs are all there you just refuse to see them.
Banks are far from happy. Some want to leave, others are seeing declines in revenue because of low interest rates.
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