Seeing a shrink

[tommy toes]

The economy has shrunk(what a surprise) for the first time since 2012.
The pound is as low as it's been for 3 years. Manufacturing and construction are on the floor.
The chancellor would like to deal with it but can't see his papers due to the flippin power being off.
Happy Brexit days eh?

[BillyStubbsTears]

Point of fact.

Last time the pound was this low against the dollar, our back four was

Brian Caswell
Dave Cusack
Tony Brown
Mickey Stead

Well done lads. This taking back control thing is working grand int it? We've taken back control of making our country a f**k load poorer.

[RedJ]

Aye but at least it was our decision and not f**king Poirot eh.

[tommy toes]

Meanwhile in Brussels...

European economy is forecast to continue expanding for the seventh year in a row in 2019, with real GDP expected to grow in all EU Member States. As global uncertainties continue to weigh, domestic dynamics are set to support the European economy. Growth is expected to gather pace again next year.

[Glyn_Wigley]

Looks like BB is going to get that recession he keeps moaning about not happening.

[BillyStubbsTears]

Looks like BB is going to get that recession he keeps moaning about not happening.

Don't. Just...don't. He'll not be happy because it was supposed to have happened 3 years ago...

[Glyn_Wigley]

Looks like BB is going to get that recession he keeps moaning about not happening.

Don't. Just...don't. He'll not be happy because it was supposed to have happened 3 years ago...

That's just him all over. He knows he can't argue about the fact Brexit's put us in the shit, so he quibbles that the experts didn't get the depth of the shit accurate to the millimetre.

[Herbert Anchovy]

Latest Year on Year GDP growth within the G7

US - +2.3%
Canada - +1.3%
France - +1.3%
UK - +1.2%
Eurozone - + 1.1%
Japan - +0.9%
Germany - 0.7%
Italy - 0%

[BillyStubbsTears]

HA.

You're doing that selective thing again.

Since the start of 2017, when it started to become clear that we were angling for a Hard Brexit, there have been 10 quarters of reported GDP growth.

In only 2 of those (Q4 2018 and Q1 2019) has the UK had higher GDP growth the EU as a whole. And we know that one of those quarters of decent apparent UK growth was due to stockpiling as insurance against a March Brexit.

Throughout 2017 and most of 2018, our economic growth nosedived while the EU had a strong boom. We lost out on something up to £100bn of economic output because of that underperformance.

Yes the EU economy and the world economy are slowing rapidly now. As are we. The difference is, they were making hay in the good times in 17/18 while we were stagnating. We didn't get the boom but we're suffering the slowdown just like everyone else. There may well be a global recession on the way. Lots of economic indicators are showing that. In which case, it will hit us all the harder because we've already had 30 months of historically very low growth since end end of 2016 (following on from 6 years of anaemic recovery from the Great Recession because of the bone-headed stupidity of Austerity.)

No one's lifting your shirt here. The economic consequences of the 2016 vote have already been a disaster for us, and they will get worse. You hang on to the occasional bit of what you think to be good news if you wish, but if you're going to be grown up about it, you need to stand back and see the big picture.

[Herbert Anchovy]

Selective?? How do you come by that? Having anticipated the type of response the figures could generate I deliberately didn’t make any comment other than providing the figures. How you, or anyone else, analyses these is up to you/them.

Here’s another figure for you - French industrial output is down by 2.3% in June

[BillyStubbsTears]

Because you're looking only at a very particular time.

As I say, it is very likely that the whole world is going to tip into recession. Everywhere is slowing down. We are an exceptional case because we're slowing down from an existing position of already having had an extended spell of historically very sluggish growth.

You're being selective because you've said nowt about that extended period.

PS.
Point of fact. Germany's annual GDP growth rate is +0.7% not -0.7%.

[Bentley Bullet]

Point of fact.

Last time the pound was this low against the dollar, our back four was

Brian Caswell
Dave Cusack
Tony Brown
Mickey Stead

Look how well we've done since!

[Bentley Bullet]

Looks like BB is going to get that recession he keeps moaning about not happening.

Don't. Just...don't. He'll not be happy because it was supposed to have happened 3 years ago...

That's just him all over. He knows he can't argue about the fact Brexit's put us in the shit, so he quibbles that the experts didn't get the depth of the shit accurate to the millimetre.

it's people like you that are the problem, Mr Wiggerly. People who are so patronising and boring that they are even incapable of making shit stick.

[Glyn_Wigley]

Looks like BB is going to get that recession he keeps moaning about not happening.

Don't. Just...don't. He'll not be happy because it was supposed to have happened 3 years ago...

That's just him all over. He knows he can't argue about the fact Brexit's put us in the shit, so he quibbles that the experts didn't get the depth of the shit accurate to the millimetre.

it's people like you that are the problem, Mr Wiggerly. People who are so patronising and boring that they are even incapable of making shit stick.

Irony alert!

[DonnyOsmond]

Brexit is like a Disney film. It'll all be ok if we BELIEVE.

[Bentley Bullet]

.....Well, bloody believe then!

[Glyn_Wigley]

Not patronising much then, eh?

[BillyStubbsTears]

When my father-in-law got lung cancer, he was persuaded by some bas**rd that he could be cured by taking vitamin C injections and having regular gall bladder enemas.

He believed that. He used to say that he was going to carry on believing  he was cured.

He died.

[SydneyRover]

.....Well, bloody believe then!

Maybe we would if you could be arsed to tell us what is going to be good about it and what you want.

[Bentley Bullet]

When my father-in-law got lung cancer, he was persuaded by some bas**rd that he could be cured by taking vitamin C injections and having regular gall bladder enemas.

He believed that. He used to say that he was going to carry on believing  he was cured.

He died.

When my dad was dying of lung cancer I told him he was going to be OK. I suppose I was a right bas**rd.

[BillyStubbsTears]

Sorry to hear we've been through a similar trauma BB. Slightly different circumstances though.

In the case of the bas**rd who deceived my father-in-law, he took nearly £5000 off him after convincing him to believe. So he enriched himself by playing on someone's desperate belief.

[Bentley Bullet]

The majority of the voters in the referendum believed that the UK is being deceived by the EU, who convinced us to hand over £9 Billion every year. They might feel that the EU is getting enriched by playing on Remainers beliefs.

[Glyn_Wigley]

You can read their minds now, can you?

[BillyStubbsTears]

BB

So we agree that relying on faith and hope and belief when there are factual analyses to be had is not a good policy.

Glad we've sorted that one out. It's another rabbit hole we won't have to wander down in future.

[Bentley Bullet]

You can read their minds now, can you?

You don't have to be telepathic to know which way the majority of people voted, but you have to be pretty telepathetic to ignore them.

[Bentley Bullet]

BB

So we agree that relying on faith and hope and belief when there are factual analyses to be had is not a good policy.

Glad we've sorted that one out. It's another rabbit hole we won't have to wander down in future.

BST, when we agree that carrying out a democratic vote is good policy then we'll have gone a long way towards sorting our differences out.

[Glyn_Wigley]

You can read their minds now, can you?

You don't have to be telepathic to know which way the majority of people voted, but you have to be pretty telepathetic to ignore them.

You weren't talking about which way they voted. You said you know the reasons behind which way they voted. Are you claiming you're telepathic now or just plain bullshitting again?

[DonnyOsmond]

The majority of the voters in the referendum believed that the UK is being deceived by the EU, who convinced us to hand over £9 Billion every year. They might feel that the EU is getting enriched by playing on Remainers beliefs.

They might have changed their minds though, I mean you did...

[BillyStubbsTears]

BB
Our Govt has spent the past three years trying to implement that vote and running into precisely the practical difficulties that some of us were predicting 3 years ago.

The current Govt is now saying none of that ever happened and we're going to repeat the process at 78 rpm over the next ten weeks, in the expectation that something else will happen.

By October, we'll have spent 40 months trying to implement the Will of the People and after that, apparently, we're going to implement a policy that everyone on the Leave side in
2016 said was Project Fear, no-one seriously discussed then and no majority in the country, then or now, wants. And that decision has been made by a PM put into place by 66% of the votes of a group of people who comprise 0.35% of the electorate, advised by an unelected guru who is under criminal investigation for breaking electoral law.

And the possibility that, in light of this, it might make sense to ask the electorate if this is what they still want is, apparently, an outrageous betrayal.

Odd concept of democracy you have there.

[Bentley Bullet]

You can read their minds now, can you?

You don't have to be telepathic to know which way the majority of people voted, but you have to be pretty telepathetic to ignore them.

You weren't talking about which way they voted. You said you know the reasons behind which way they voted. Are you claiming you're telepathic now or just plain bullshitting again?

So you can read MY mind now Mr Wiggerly, can you!

I was talking about which way and why they (the majority) voted to leave. They did so because they felt we were being deceived - cheated, conned, fooled, ripped off by what we get out of the EU for the cost of being in it.