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Post by salopstick on Apr 29, 2017 5:59:32 GMT
According to ITV news this morning it's picking up post referendum. But the consumer boom was based on credit card spending! Always the same with the Tories..Vote Now Pay Later! PFI
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liquidlen
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Post by liquidlen on Apr 29, 2017 6:04:46 GMT
If you actually read those numbers you've posted (from god knows where), 80% of the figures are confirming an actual slowdown, the others are a very typical exception. Nobody is saying we are going into full blown recession just yet, rather that we are at 0.3% growth (that's still growth) whereas we've been at 1.9% and rising up to now. If the growth figure goes below 0% then it's an official recession...and 0.3% is very close to a negative value. I really don't wish to patronise you, but you come across like a Daily Express reader who believes that things are simply getting ever better and refuses to accept the hard economic facts of the matter. The real economic facts, nor your cut and paste facts, simply don't support your argument that all is well. The facts are telling us that we are coming super-close to knocking on the door of recession. Very very patronising. And obviously unable to read. The information as I had disclosed had come from deutsche Bank and the Lloyds business barometer that was just released. In fact looking at your own source (The guardian of all things rather than financial sectors who give fact rather than opinion) it was shown later in the day that the forecast for sterling had been raised. I suggest, rather than pontificating and trying to sound clever you do what I do and go to financial sources (livesterling, Lloyds, Commerzbank, ONCE etc) to gain an impartial viewpoint. Even Barclays who were quoted in your media source against the sluggish Q1 17 have agreed that Q2 17 is much stronger especially against Y16 for the same period.... but don't let facts get away from your arguement. Read the numbers! You are quite wrong. The figures you have posted do not support your argument
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liquidlen
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Post by liquidlen on Apr 29, 2017 6:11:41 GMT
Tories running the economy better than Labour is simply a myth. Labour have a far better financial record when in government. This is an actual fact, not an opinion. You have proof of this presumably? It is a little surprising but there are a number of written pieces and financial studies that totally validate this argument. I think even FYD concedes this one in principle. Please don't ask me to find the evidence Voidy, but it is out there.
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Post by nicholasjalcock on Apr 29, 2017 6:19:32 GMT
You have proof of this presumably? It is a little surprising but there are a number of written pieces and financial studies that totally validate this argument. I think even FYD concedes this one in principle. Please don't ask me to find the evidence Voidy, but it is out there. You are quite right 'liquiden' and the University of Cambridge Economics Dept. came to the same conclusion in a research paper. The only reason many people think the Tories run the economy better is because they read this propaganda in the Tory press!
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liquidlen
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Post by liquidlen on Apr 29, 2017 6:37:37 GMT
It is a little surprising but there are a number of written pieces and financial studies that totally validate this argument. I think even FYD concedes this one in principle. Please don't ask me to find the evidence Voidy, but it is out there. You are quite right 'liquiden' and the University of Cambridge Economics Dept. came to the same conclusion in a research paper. The only reason many people think the Tories run the economy better is because they read this propaganda in the Tory press! I know mate, it's very difficult to get to the truth when the Tories put so much effort in getting these sorts of lies out there. The British public really don't get a chance to vote from an informed viewpoint because of the sheer volume of party political propaganda. Somebody will be along in a moment to say that Labour and the LibDems do exactly the same or that Jeremy Corbyn is a terrorist sympathiser. Well, they don't actually and he isn't.
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Post by britsabroad on Apr 29, 2017 6:51:07 GMT
It is a little surprising but there are a number of written pieces and financial studies that totally validate this argument. I think even FYD concedes this one in principle. Please don't ask me to find the evidence Voidy, but it is out there. You are quite right 'liquiden' and the University of Cambridge Economics Dept. came to the same conclusion in a research paper. The only reason many people think the Tories run the economy better is because they read this propaganda in the Tory press! If you just parrot someone else's interpretation of data I can see why you'd think that way. If you have the capability to interpret it yourself it's easy to see why the Tories do far better with the economy, certainly in recent times. Tories squeeze everyone but when everyone then votes them out they leave a solid economy. Labour spend everything and leave nothing. Great for the average citizen but someone has to pay for it all.
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liquidlen
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Post by liquidlen on Apr 29, 2017 6:57:10 GMT
You are quite right 'liquiden' and the University of Cambridge Economics Dept. came to the same conclusion in a research paper. The only reason many people think the Tories run the economy better is because they read this propaganda in the Tory press! If you just parrot someone else's interpretation of data I can see why you'd think that way. If you have the capability to interpret it yourself it's easy to see why the Tories do far better with the economy, certainly in recent times. Tories squeeze everyone but when everyone then votes them out they leave a solid economy. Labour spend everything and leave nothing. Great for the average citizen but someone has to pay for it all. This is straight out of yet another bloody Tory pamphlet. Any original thinking seems to have evaporated...depressing.
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Post by Deleted on Apr 29, 2017 7:00:04 GMT
German business's are feeling Brexit too
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Post by Deleted on Apr 29, 2017 7:01:15 GMT
You are quite right 'liquiden' and the University of Cambridge Economics Dept. came to the same conclusion in a research paper. The only reason many people think the Tories run the economy better is because they read this propaganda in the Tory press! If you just parrot someone else's interpretation of data I can see why you'd think that way. If you have the capability to interpret it yourself it's easy to see why the Tories do far better with the economy, certainly in recent times. Tories squeeze everyone but when everyone then votes them out they leave a solid economy. Labour spend everything and leave nothing. Great for the average citizen but someone has to pay for it all. The average citizen eventually
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liquidlen
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Post by liquidlen on Apr 29, 2017 7:12:36 GMT
If you just parrot someone else's interpretation of data I can see why you'd think that way. If you have the capability to interpret it yourself it's easy to see why the Tories do far better with the economy, certainly in recent times. Tories squeeze everyone but when everyone then votes them out they leave a solid economy. Labour spend everything and leave nothing. Great for the average citizen but someone has to pay for it all. The average citizen eventually Certainly not the bankers who pushed this country to the brink of a major depression.
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Post by nicholasjalcock on Apr 29, 2017 7:13:41 GMT
You are quite right 'liquiden' and the University of Cambridge Economics Dept. came to the same conclusion in a research paper. The only reason many people think the Tories run the economy better is because they read this propaganda in the Tory press! If you just parrot someone else's interpretation of data I can see why you'd think that way. If you have the capability to interpret it yourself it's easy to see why the Tories do far better with the economy, certainly in recent times. Tories squeeze everyone but when everyone then votes them out they leave a solid economy. Labour spend everything and leave nothing. Great for the average citizen but someone has to pay for it all. Data and facts stand on their own merits so don't need parroting! Only you right-wingers believe in Fake News! The last Labour government pared down much debt and as a % of G.D.P. it had fallen. How anyone could think that the Conservatives which created two not one recessions ran the economy well has a short memory! And before you mention the last recession the difference was the two Tory recessions were home grown i.e. no other economy in the world was involved whereas the last Labour recession was a world recession which began in the U.S.A.! However, I commend your efforts at portraying the Tories as the friend of the "average citizen". You mean "average" as in a Cabinet stuffed full of public school millionaires?
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Post by Deleted on Apr 29, 2017 7:24:05 GMT
The average citizen eventually Certainly not the bankers who pushed this country to the brink of a major depression. Yes I remember Gordon browns first instructions as chancellor was to give the banks free reign as they knew their jobs better than government Just before he sold the countries gold reserves for peanuts
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Post by rogerjonesisgod on Apr 29, 2017 7:27:04 GMT
Am I missing something here? Wasn't the predicted growth for Q1 2017 0.4% and it's turned out to be 0.3% ? Is that the story?
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liquidlen
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Post by liquidlen on Apr 29, 2017 7:28:29 GMT
Certainly not the bankers who pushed this country to the brink of a major depression. Yes I remember Gordon browns first instructions as chancellor was to give the banks free reign as they knew their jobs better than government Just before he sold the countries gold reserves for peanuts The gold sale was a drop in the ocean, it merely illustrated a lack of precious metals trading savvy from Mr. Brown. Small beer financially.
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Post by nicholasjalcock on Apr 29, 2017 7:33:32 GMT
Am I missing something here? Wasn't the predicted growth for Q1 2017 0.4% and it's turned out to be 0.3% ? Is that the story? "The UK economy suffered a sharp slowdown in the opening months of this year, as the post-referendum rise in living costs took its toll on British households and hit consumer spending. GDP growth fell more than expected to 0.3% in the first quarter from 0.7% in the previous quarter, the Office for National Statistics said." The housing market looks like it's cooling down too! No wonder Chicken May has called an election now! Vote Now Pay Later!
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Post by Deleted on Apr 29, 2017 7:35:32 GMT
Yes I remember Gordon browns first instructions as chancellor was to give the banks free reign as they knew their jobs better than government Just before he sold the countries gold reserves for peanuts The gold sale was a drop in the ocean, it merely illustrated a lack of precious metals trading savvy from Mr. Brown. Small beer financially. He even told the world what date it would be sold Meanwhile The fucking world stood there laughing .....ah haha haaa
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Post by nicholasjalcock on Apr 29, 2017 7:56:37 GMT
The gold sale was a drop in the ocean, it merely illustrated a lack of precious metals trading savvy from Mr. Brown. Small beer financially. He even told the world what date it would be sold Meanwhile The fucking world stood there laughing .....ah haha haaa This is from the National Audit Office report into the gold sales: "The requirement to sell transparently has meant that the gold sales needed to be pre-announced to the gold market and that many of the details of the programme, for example the mechanism of sale, had to be made publicly available. This contrasts with practice adopted in recent gold sales by other foreign central banks. With the exception of sales by the United States and the International Monetary Fund* in the 1970s and more recent sales by the Dutch and Swiss National Banks, gold reserve sales by overseas central banks have been carried out in secret. The UK Government's decision to sell in a transparent manner reflects an emerging but growing commitment amongst leading central banks to provide more timely and open disclosure of reserve fund movements. Moreover the Treasury believes that there is an a priori case that revenue from sales will be increased through predictability and transparency as a result of the reduction in the risk premium priced into bidders' valuations." As you can see, HM Treasury thought this practice would maximise income. The idea you keep pedalling that somehow this was Gordon Brown's fault is false and misleading!
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liquidlen
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Post by liquidlen on Apr 29, 2017 8:00:28 GMT
The gold sale was a drop in the ocean, it merely illustrated a lack of precious metals trading savvy from Mr. Brown. Small beer financially. He even told the world what date it would be sold Meanwhile The fucking world stood there laughing .....ah haha haaa It certainly had a few in the City raising eyebrows.
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Post by Deleted on Apr 29, 2017 8:09:09 GMT
Ask him about the financial crisis of 1976 , when Labour were forced to borrow £ 3.9 Billion from the IMF to shore up the economy ? This also is a fact not an opinion . Was a bloody lovely summer tho.......until that big thunder and lightening storm Marvellous wasn't it ? A once in a generation summert I think .....a similar one this year would go down well
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Post by nicholasjalcock on Apr 29, 2017 8:17:45 GMT
Was a bloody lovely summer tho.......until that big thunder and lightening storm Marvellous wasn't it ? A once in a generation summert I think .....a similar one this year would go down well From the national archives: "Following the agreement with the IMF, the overall economic and financial picture improved. Interest rates were soon reduced and the pound quickly appreciated in value. By the end of 1977, partly as a result of new oil revenues, there were improvements in the balance of trade. Britain did not need to draw the full loan from the IMF."
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Post by Deleted on Apr 29, 2017 8:21:31 GMT
Marvellous wasn't it ? A once in a generation summert I think .....a similar one this year would go down well From the national archives: "Following the agreement with the IMF, the overall economic and financial picture improved. Interest rates were soon reduced and the pound quickly appreciated in value. By the end of 1977, partly as a result of new oil revenues, there were improvements in the balance of trade. Britain did not need to draw the full loan from the IMF." Following arranged loans from the U.S. because they feared the British economy would collapse .....don't forget those .
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Post by bathstoke on Apr 29, 2017 8:22:53 GMT
The average citizen eventually Certainly not the bankers who pushed this country to the brink of a major depression. I know I'm depressed
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liquidlen
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Post by liquidlen on Apr 29, 2017 8:26:32 GMT
From the national archives: "Following the agreement with the IMF, the overall economic and financial picture improved. Interest rates were soon reduced and the pound quickly appreciated in value. By the end of 1977, partly as a result of new oil revenues, there were improvements in the balance of trade. Britain did not need to draw the full loan from the IMF." Following arranged loans from the U.S. because they feared the British economy would collapse .....don't forget those . Hang on...I thought you didn't do politics? Or is that just so you can cherry pick your arguments?...tut tut Mr. Potter you naughty boy.
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Post by rogerjonesisgod on Apr 29, 2017 8:32:12 GMT
Am I missing something here? Wasn't the predicted growth for Q1 2017 0.4% and it's turned out to be 0.3% ? Is that the story? "The UK economy suffered a sharp slowdown in the opening months of this year, as the post-referendum rise in living costs took its toll on British households and hit consumer spending. GDP growth fell more than expected to 0.3% in the first quarter from 0.7% in the previous quarter, the Office for National Statistics said." The housing market looks like it's cooling down too! No wonder Chicken May has called an election now! Vote Now Pay Later! Thanks for that Guardian soundbite Nicholas Surely, Q4 growth isn't compared to Q1 growth is it? The prediction for Q1 was 0.4% it was 0.3%. The prediction for Q4 2016 was 0.5%. You like the Guardian so how about this one..... "UK GDP FIGURES RELEASED: Breaking: Britain’s economy expanded by 0.6% in the final three months of 2016. That’s stronger than the 0.5% expected by City economists. It matches the growth in the July-September, and shows little sign of any Brexit impact on the UK economy." - The Guardian 26th January 2017.
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Post by nicholasjalcock on Apr 29, 2017 8:32:39 GMT
From the national archives: "Following the agreement with the IMF, the overall economic and financial picture improved. Interest rates were soon reduced and the pound quickly appreciated in value. By the end of 1977, partly as a result of new oil revenues, there were improvements in the balance of trade. Britain did not need to draw the full loan from the IMF." Following arranged loans from the U.S. because they feared the British economy would collapse .....don't forget those . The crisis was caused by a run on the pound because it was believed to be overvalued! Of course, when the Tories leave office with a three day week it's not surprising two years later the economy was struggling! Of course, you Tories would have got round the problem of an overvalued pound by holding a referendum on the E.E.C. and then devaluing the pound against the dollar from $1.60 to $1.29 like now!
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liquidlen
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Post by liquidlen on Apr 29, 2017 8:36:43 GMT
Following arranged loans from the U.S. because they feared the British economy would collapse .....don't forget those . The crisis was caused by a run on the pound because it was believed to be overvalued! Of course, when the Tories leave office with a three day week it's not surprising two years later the economy was struggling! Of course, you Tories would have got round the pound of an overvalued pound by holding a referendum on the E.E.C. and then devaluing the pound against the dollar from $1.60 to $1.29 like now! What's this you say? More evidence of Tory financial incompetence? Surely that can't be right?
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Post by nicholasjalcock on Apr 29, 2017 8:38:17 GMT
"The UK economy suffered a sharp slowdown in the opening months of this year, as the post-referendum rise in living costs took its toll on British households and hit consumer spending. GDP growth fell more than expected to 0.3% in the first quarter from 0.7% in the previous quarter, the Office for National Statistics said." The housing market looks like it's cooling down too! No wonder Chicken May has called an election now! Vote Now Pay Later! Thanks for that Guardian soundbite Nicholas Surely, Q4 growth isn't compared to Q1 growth is it? The prediction for Q1 was 0.4% it was 0.3%. The prediction for Q4 2016 was 0.5%. You like the Guardian so how about this one..... "UK GDP FIGURES RELEASED: Breaking: Britain’s economy expanded by 0.6% in the final three months of 2016. That’s stronger than the 0.5% expected by City economists. It matches the growth in the July-September, and shows little sign of any Brexit impact on the UK economy." - The Guardian 26th January 2017. Last year is ancient history! It's 2017 now and we've even changed the clocks too! Do keep up!
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Post by rogerjonesisgod on Apr 29, 2017 8:49:32 GMT
Thanks for that Guardian soundbite Nicholas Surely, Q4 growth isn't compared to Q1 growth is it? The prediction for Q1 was 0.4% it was 0.3%. The prediction for Q4 2016 was 0.5%. You like the Guardian so how about this one..... "UK GDP FIGURES RELEASED: Breaking: Britain’s economy expanded by 0.6% in the final three months of 2016. That’s stronger than the 0.5% expected by City economists. It matches the growth in the July-September, and shows little sign of any Brexit impact on the UK economy." - The Guardian 26th January 2017. Last year is ancient history! It's 2017 now and we've even changed the clocks too! Do keep up! Ah Cockers. I sense you're going to have a belter of a day on this forum. Started nice and early Now, just so I'm sure of your rules. If the predictions and /or results were made last year then they're ancient history. Correct? So when were the forecasts for Q1 2017 made?
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Post by nicholasjalcock on Apr 29, 2017 8:59:34 GMT
Last year is ancient history! It's 2017 now and we've even changed the clocks too! Do keep up! Ah Cockers. I sense you're going to have a belter of a day on this forum. Started nice and early Now, just so I'm sure of your rules. If the predictions and /or results were made last year then they're ancient history. Correct? So when were the forecasts for Q1 2017 made? Did you enjoy your holiday in Witney? I hear they like wet blankets there?
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Post by Deleted on Apr 29, 2017 9:01:33 GMT
He even told the world what date it would be sold Meanwhile The fucking world stood there laughing .....ah haha haaa This is from the National Audit Office report into the gold sales: "The requirement to sell transparently has meant that the gold sales needed to be pre-announced to the gold market and that many of the details of the programme, for example the mechanism of sale, had to be made publicly available. This contrasts with practice adopted in recent gold sales by other foreign central banks. With the exception of sales by the United States and the International Monetary Fund* in the 1970s and more recent sales by the Dutch and Swiss National Banks, gold reserve sales by overseas central banks have been carried out in secret. The UK Government's decision to sell in a transparent manner reflects an emerging but growing commitment amongst leading central banks to provide more timely and open disclosure of reserve fund movements. Moreover the Treasury believes that there is an a priori case that revenue from sales will be increased through predictability and transparency as a result of the reduction in the risk premium priced into bidders' valuations." As you can see, HM Treasury thought this practice would maximise income. The idea you keep pedalling that somehow this was Gordon Brown's fault is false and misleading! link
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