The economic consequences of Brexit (Vol 2)

[Digga]

jjlynn27 said:

Of course not. When it was low, it was good, but it wouldn't be good now that it actually rose. It's almost like it's following this divine trajectory where it's at the right levels at all times following brexit. It's like reading Sean Spencer's news conference, bigly.

Simple terms, because it is, actually, when all the dogma, propaganda and hyperbole is stripped away, very simple:

1. Brexit uncertainty in currency markets cause sterling to drop.

1. This was good for UK exporters.

1. As UK industry benefits and prospers, sterling will rise.

[anonymous-user]

Digga said:

imple terms, because it is, actually, when all the dogma, propaganda and hyperbole is stripped away, very simple:

1. Brexit uncertainty in currency markets cause sterling to drop.

1. This was good for UK exporters.

1. As UK industry benefits and prospers, sterling will rise.

It's actually highly amusing watching the GBP on the markets at the moment. You can see the mindset of the players at work, where it starts to bumble up towards the psychological 1.30 to the $ mark then just as its about to break it they have a sell off and it drops back again.

One day, the traders are going to say, oh fk it, let it run, it will then pop up quite significantly.

You saw the same effect with the DOW and FTSE 100, once they broke through the market imposed ceiling, they went on a massive buying spree that has shot the values up to the current levels.

[FiF]

Not sure this is the correct thread but something I don't get. My ttter feed is alive with tts tweeting comparing final Premier League position and points against Brexit vote. Seem to be trying to make the point that voting for Brexit means the local football club isn't any good, whereas voting for Remain is just so wonderful, even the football is better. FFS one despairs.

[anonymous-user]

FiF said:

Not sure this is the correct thread but something I don't get. My ttter feed is alive with tts tweeting comparing final Premier League position and points against Brexit vote. Seem to be trying to make the point that voting for Brexit means the local football club isn't any good, whereas voting for Remain is just so wonderful, even the football is better. FFS one despairs.

.

There is a simple solution to that.

Don't do ttter.

[wc98]

jsf said:

FiF said:

Not sure this is the correct thread but something I don't get. My ttter feed is alive with tts tweeting comparing final Premier League position and points against Brexit vote. Seem to be trying to make the point that voting for Brexit means the local football club isn't any good, whereas voting for Remain is just so wonderful, even the football is better. FFS one despairs.

.

There is a simple solution to that.

Don't do ttter.

i told my wife should i ever sign up to twitter she has permission to shoot me. it will be a prime indicator i have lost what little mental capacity i have and she would be doing me a favour.

[FN2TypeR]

FiF said:

Not sure this is the correct thread but something I don't get. My ttter feed is alive with tts tweeting comparing final Premier League position and points against Brexit vote. Seem to be trying to make the point that voting for Brexit means the local football club isn't any good, whereas voting for Remain is just so wonderful, even the football is better. FFS one despairs.

What league are remain voting Oxford in out of interest?

[FiF]

Britain global hub for bioscience, closing gap on San Diego and Boston.UK biotech industry received more funding than any other country in Europe, 55% of European total in UK and Switzerland.

Cue, not left yet. Meh.

http://www.telegraph.co.uk/business/2017/05/23/uk-...

[///ajd]

FiF said:

Britain global hub for bioscience, closing gap on San Diego and Boston.UK biotech industry received more funding than any other country in Europe, 55% of European total in UK and Switzerland.

Cue, not left yet. Meh.

http://www.telegraph.co.uk/business/2017/05/23/uk-...

From your link

"The industry’s performance was not as strong as it was in 2015"

London hasn't lost the European Medicine Agency yet of course.

[Garvin]

FiF said:

. . . . . Cue, not left yet. Meh. . . . . .

Spot on there . . . . . . but it did take over 3 hours this time!

[Digga]

FiF said:

UK biotech industry received more funding than any other country in Europe, 55% of European total in UK and Switzerland.

IMHO that is unlikely to alter; clearly the big biotech firms have the appetite and ability to think long term and therefore want stability in the environment they invest (extremely heavily) in.

As one example, AstraZeneca may have shut down their Alderly Edge site, but only because, long term, they see relocating to Cambridge and the science cluster there, to be the better bet.

[Tuna]

Digga said:

IMHO that is unlikely to alter; clearly the big biotech firms have the appetite and ability to think long term and therefore want stability in the environment they invest (extremely heavily) in.

As one example, AstraZeneca may have shut down their Alderly Edge site, but only because, long term, they see relocating to Cambridge and the science cluster there, to be the better bet.

The Cambridge biotech park is a big deal - there are already big names working here and access to a couple of excellent hospitals, never mind the work that's coming out of the University. Add in convenient links to London and a pool of IT and tech talent for general development and it's a real powerhouse that's only going to hit harder as the new campus comes online. It's areas like this that need promoting.

[turbobloke]

Tuna said:

Digga said:

IMHO that is unlikely to alter; clearly the big biotech firms have the appetite and ability to think long term and therefore want stability in the environment they invest (extremely heavily) in.

As one example, AstraZeneca may have shut down their Alderly Edge site, but only because, long term, they see relocating to Cambridge and the science cluster there, to be the better bet.

The Cambridge biotech park is a big deal - there are already big names working here and access to a couple of excellent hospitals, never mind the work that's coming out of the University. Add in convenient links to London and a pool of IT and tech talent for general development and it's a real powerhouse that's only going to hit harder as the new campus comes online. It's areas like this that need promoting.

Most definitely.

[Digga]

turbobloke said:

Tuna said:

Digga said:

IMHO that is unlikely to alter; clearly the big biotech firms have the appetite and ability to think long term and therefore want stability in the environment they invest (extremely heavily) in.

As one example, AstraZeneca may have shut down their Alderly Edge site, but only because, long term, they see relocating to Cambridge and the science cluster there, to be the better bet.

The Cambridge biotech park is a big deal - there are already big names working here and access to a couple of excellent hospitals, never mind the work that's coming out of the University. Add in convenient links to London and a pool of IT and tech talent for general development and it's a real powerhouse that's only going to hit harder as the new campus comes online. It's areas like this that need promoting.

Most definitely.

Industry clusters are something the UK is doing pretty well at. We have the FS in various cities - obviously and most notably London (but don't write off others) - science in Cambridge, and a very healthy automotive sector primarily in the Midlands, but extending north to Sunderland and south to Swindon.

[anonymous-user]

http://www.bbc.co.uk/news/business-40042427
There's a surprise, growth stalling due to brexit.
I suppose trashing the economy is one way of deterring our better off European friends from coming here, to live/work/pay taxes

[Digga]

Jimboka said:

http://www.bbc.co.uk/news/business-40042427
There's a surprise, growth stalling due to brexit.
I suppose trashing the economy is one way of deterring our better off European friends from coming here, to live/work/pay taxes

Q1 figures are always being revised, usually downward, every year.

[sidicks]

Jimboka said:

http://www.bbc.co.uk/news/business-40042427
There's a surprise, growth stalling due to brexit.
I suppose trashing the economy is one way of deterring our better off European friends from coming here, to live/work/pay taxes

Yes, because that's the only sort of immigration involved...

What's going to stop the ones that are needed still coming here?

Edited by sidicks on Thursday 25th May 14:23

[turbobloke]

Jimboka said:

http://www.bbc.co.uk/news/business-40042427
There's a surprise, growth stalling due to brexit.
I suppose trashing the economy is one way of deterring our better off European friends from coming here, to live/work/pay taxes

Brexit isn't mentioned in the linked article. None of the economists' guesses passed off as explanations involve any hint of a brexit mention. Presumably this "due to brexit" claim is your attempt to boost manufacture and fabrication.

[///ajd]

turbobloke said:

Jimboka said:

http://www.bbc.co.uk/news/business-40042427
There's a surprise, growth stalling due to brexit.
I suppose trashing the economy is one way of deterring our better off European friends from coming here, to live/work/pay taxes

Brexit isn't mentioned in the linked article. None of the economists' guesses passed off as explanations involve any hint of a brexit mention. Presumably this "due to brexit" claim is your attempt to boost manufacture and fabrication.

It mentions prices going up.

Most can draw the link to our currency drop.

Most can draw the link to that from brexit. Some are in denial but that's just funny.

At €1.15/£ at the moment. Interesting to see what it will do post Jun 8 - I would guess go up, but then again the election is surely a foregone conclusion, so maybe it will just fluctuate in its new brexit levels, until the news from the negotiations starts to make it follow the emerging impact on our economic future.

[FN2TypeR]

Jimboka said:

http://www.bbc.co.uk/news/business-40042427
There's a surprise, growth stalling due to brexit.
I suppose trashing the economy is one way of deterring our better off European friends from coming here, to live/work/pay taxes

The majority of EU nationals living in the UK are from countries that are poorer than the UK

Top ten:

Poland
ROI
Romania
Portugal
Italy
Lithuania
France
Germany
Spain
Latvia

To put that list into perspective Poland makes up around 916,000 of those figures (or did in 2015 according to the ONS), second place ROI, 332,000 and third place Romania 233,000

Seems like those coming from nations of comparable or greater wealth are a tiny minority

[CaptainSlow]

///ajd said:

turbobloke said:

Jimboka said:

http://www.bbc.co.uk/news/business-40042427
There's a surprise, growth stalling due to brexit.
I suppose trashing the economy is one way of deterring our better off European friends from coming here, to live/work/pay taxes

Brexit isn't mentioned in the linked article. None of the economists' guesses passed off as explanations involve any hint of a brexit mention. Presumably this "due to brexit" claim is your attempt to boost manufacture and fabrication.

It mentions prices going up.

Most can draw the link to our currency drop.

Most can draw the link to that from brexit. Some are in denial but that's just funny.

At €1.15/£ at the moment. Interesting to see what it will do post Jun 8 - I would guess go up, but then again the election is surely a foregone conclusion, so maybe it will just fluctuate in its new brexit levels, until the news from the negotiations starts to make it follow the emerging impact on our economic future.

Any update on when our promised "immediate" and "profound" recession will start?