If we vote for Brexit what happens

wotsthat

Don't know if anyone saw the news about this survey..

http://www.independent.co.uk/news/business/news/brexit-causes-british-companies-scrap-investment-plans-worth-655bn-a7416091.html

British businesses have abandoned £65.5bn of investments because of the Brexit vote, new research shows.

A third of the 1,015 business leaders surveyed by YouGov for Hitachi Capital and the Centre for Economics and Business Research have already delayed or abolished investment.

A_Medium_Size_Jock

mayonnaise wrote: »

Brexit blamed for UK's £100bn budget black hole


http://news.sky.com/story/brexit-blamed-for-uks-163100bn-budget-black-hole-10660077

Oops.

Ahem.

That is according to the Financial Times, which reports the Office of Budget Responsibility has drawn up the forecasts that Philip Hammond will present in next week's Autumn Statement. However, the newspaper's figures appear to have been calculated from recent reports by the Institute of Fiscal Studies (IFS) and Price Waterhouse Coopers (PWC) rather than a Treasury or OBR leak.

Seriously, your continual grasping of media propaganda is looking like increasingly desperate tactics.
Should we not wait for the actual Autumn Statement then?
To see what is in fact propsed?

A_Medium_Size_Jock

wotsthat wrote: »

Don't know if anyone saw the news about this survey..

http://www.independent.co.uk/news/business/news/brexit-causes-british-companies-scrap-investment-plans-worth-655bn-a7416091.html

Oh my!
So if this survey is correct, had we not voted to leave the EU our economy would be doing even better than data shows it already is?
The fastest-growing of the G7 economies this year already; wow, we would be leading the world instead, eh?

michaels

Meanwhile the economy continues to collapse:

http://www.bbc.co.uk/news/business-38011477

Oops

Conrad

wotsthat wrote: »

Don't know if anyone saw the news about this survey..

http://www.independent.co.uk/news/business/news/brexit-causes-british-companies-scrap-investment-plans-worth-655bn-a7416091.html

No surprise (if accurate), the entire establishment promised Armageddon. Things are settling down, lots of global firms are investing here.


Once again you guys never consider the situation inside the EU - I suspect plenty of firms are re-considering their investment plans given the fact France, Austria and others could well end up having their own referendums, not to mention all the major issues and risks facing the lumbering EU

wotsthat

A_Medium_Size_Jock wrote: »

Oh my!
So if this survey is correct, had we not voted to leave the EU our economy would be doing even better than data shows it already is?
The fastest-growing of the G7 economies this year already; wow, we would be leading the world instead, eh?

Probably wouldn't have made much difference to the here and now as investments are intended to lead to future returns. Those future returns may now be delayed or (if the investment was made elsewhere) cancelled.

The way Brexit success should be assessed is to compare how we're doing against how we might have done if we didn't leave. Given you've decided Brexit is a success without knowing a single thing about what it means and are ecstatic because the sun still rises every morning you're going to struggle to conceptualise the logic.

A_Medium_Size_Jock

wotsthat wrote: »

Probably wouldn't have made much difference to the here and now as investments are intended to lead to future returns. Those future returns may now be delayed or (if the investment was made elsewhere) cancelled.

The way Brexit success should be assessed is to compare how we're doing against how we might have done if we didn't leave. Given you've decided Brexit is a success without knowing a single thing about what it means and are ecstatic because the sun still rises every morning you're going to struggle to conceptualise the logic.

That is some serious wriggling!

I have not "decided Brexit is a success" - look at my posts?
I clearly (and frequently) say that there may well be difficulties ahead.
BUT . ...... . . . given the evidence so far all is ceratinly NOT the doom and gloom that some suggest, is it?
More so if you compare the UK to the rest of the EU.

mayonnaise

michaels wrote: »

Meanwhile the economy continues to collapse:

http://www.bbc.co.uk/news/business-38011477

Oops

Yay. Retail spending boosted.
Probably unrelated , but non-secured debt at record levels.
http://www.bbc.co.uk/news/uk-37873825
With inflation set to rise. Going to be interesting.

michaels

mayonnaise wrote: »

Yay. Retail spending boosted.
Probably unrelated , but non-secured debt at record levels.
http://www.bbc.co.uk/news/uk-37873825
With inflation set to rise. Going to be interesting.

Inflation about to rise? Ideal time to take on unsecured fixed rate debt

wotsthat

Conrad wrote: »

No surprise (if accurate), the entire establishment promised Armageddon. Things are settling down, lots of global firms are investing here.

Maybe. In the year to April 2016 there were a record number of investments in the UK despite us being in the EU. Global firms were already investing here. If you expect Brexit to lead to increased investment (and to make up for the loss due to uncertainty) fair enough.

Conrad wrote: »

Once again you guys never consider the situation inside the EU - I suspect plenty of firms are re-considering their investment plans given the fact France, Austria and others could well end up having their own referendums, not to mention all the major issues and risks facing the lumbering EU

Change is good.