If we vote for Brexit what happens

Conrad

Some economic news, not sure if already covered here;

https://www.markiteconomics.com/public/page.mvc/pressreleases

Markit / CIPS UK Services PMI[FONT=Arial,Arial] [FONT=Arial,Arial]

Service sector growth accelerates in April [/FONT]

[/FONT][FONT=Arial,Arial][FONT=Arial,Arial]Key findings: [/FONT] [/FONT]

[FONT=Wingdings,Wingdings][FONT=Wingdings,Wingdings] [/FONT][/FONT]Sharpest rise in business activity since December 2016 [FONT=Wingdings,Wingdings][FONT=Wingdings,Wingdings]
[/FONT][/FONT]
[FONT=Wingdings,Wingdings][FONT=Wingdings,Wingdings] [/FONT][/FONT]New work and employment levels expand at fastest pace so far in 2017 [FONT=Wingdings,Wingdings][FONT=Wingdings,Wingdings]
[/FONT][/FONT]
[FONT=Wingdings,Wingdings][FONT=Wingdings,Wingdings] [/FONT][/FONT]Fastest increase in average prices charged since July 2008

UK service providers experienced a sustained rebound in business activity during April, supported by the fastest upturn in new work so far in 2017. Job creation also picked up to a four-month high, driven by renewed pressures on operating capacity. A strong pace of input cost inflation persisted in April, which contributed to the steepest rise in prices charged by service sector firms since July 2008. Meanwhile, service providers are confident about their prospects for growth over the year ahead, but the degree of optimism moderated for the third month running to its weakest since November 2016.

The robust and accelerated rise in services activity was linked to resilient business-to-business demand, new product launches and, in some cases, another rise in sales to overseas clients.


April data signalled that new business growth gained further momentum, with the pace of expansion the strongest so far this year and the second-fastest since the summer of 2015. Anecdotal evidence from survey respondents suggested that greater business-to-business sales had helped to offset subdued discretionary consumer spending.

A_Medium_Size_Jock

Conrad wrote: »

Some economic news, not sure if already covered here;

I was just about to post Conrad, and specifically with reference to the post I made yesterday with the seized-upon low preliminary GDP forecast for April.

So that's retail looking wrong as figures are higher and now services too.
:T

mayonnaise

gfplux wrote: »

Fuda International Trading Company Ltd, also known as Hobart Rose, has ceased trading following challenging trading conditions, reduction in sales and the pressures of Brexit. The soft furnishings company – which has produced products for the likes of Dunelm, John Lewis and Next – closed its doors for the final time on Tuesday, with the entire 122 workforce losing their jobs.

They took back control.

A_Medium_Size_Jock

gfplux wrote: »

Nothing to do with Brexit although they mention it. I suppose it was Just bad management.
http://www.newsguardian.co.uk/news/over-100-jobs-lost-as-north-shields-business-closes-its-doors-1-8524198

"Fuda International Trading Company Ltd, also known as Hobart Rose, has ceased trading following challenging trading conditions, reduction in sales and the pressures of Brexit. The soft furnishings company – which has produced products for the likes of Dunelm, John Lewis and Next – closed its doors for the final time on Tuesday, with the entire 122 workforce losing their jobs.

Read more at: http://www.newsguardian.co.uk/news/over-100-jobs-lost-as-north-shields-business-closes-its-doors-1-8524198

Sad, isn't it?
Still, on the upside and from across the UK AND from just the past 24 hours are these:

Amazon is continuing its fierce expansion in the UK, unveiling plans to hire 400 people for a new development centre due to open in Cambridge in autumn.

http://www.independent.co.uk/news/business/news/amazon-new-uk-jobs-400-cambridge-ai-drone-delivery-business-artificial-intelligence-a7716911.html

South Yorkshire is set to see 300 new steel jobs following the sale of Tata Specialty Steels to Liberty House.

https://www.theengineer.co.uk/liberty-promises-300-new-jobs-after-tata-specialty-steels-takeover/

Recruitment agency and employment services provider Allegis Global Solutions is creating 100 new jobs in Birmingham by opening a new office in the city centre.

http://www.birminghampost.co.uk/business/business-news/allegis-global-solutions-creates-100-12980322

Premier Inn hotel in Bangor has been given the green light creating up to 110 jobs. The £7million investment for the hotel was given the go ahead at Tuesday night’s Planning Committee of Ards and North Down Borough Council.

http://www.belfastlive.co.uk/news/new-hotel-given-green-light-12980647

Who knows whether any of these jobs are in in any way related to Brexit?
It certainly has not dissuaded the creators of these jobs, regardless.
What it does show though is that not all is doom and gloom in the jobs market.
As employment statistics very clearly show.

Conrad

mayonnaise wrote: »

They took back control.

All those millions of companies that went pop over the last 40 years, presumably we can blame membership of the EU for their demise in the same way you are seeking to convey impending independence is the cause of turd companies going bust now?


The way Remain camp carries on is as if we never experienced anything other than milk n honey until now.


I note Whirlpool are vacating a French plant and moving to Poland. Imagine what Remainers would be saying if this were a British plant

Conrad

gfplux wrote: »

This story is only about very expensive property. However is this the spring shoots of a slowdown in the property market that so many Brexiters were hoping for.

Perfectly normal market fluctuations - go back over the last 20 years reporting of the Central London market. Believe it or not, the prices don't rise every single quarter even when the economy is doing good.


As I've been saying for the last year, Landlords are struggling to raise mortgages these days due to the tax rises being phased in which meant lenders making affordability rules much tougher. I am buying one right now with a 35% deposit and still the rent calc got down valued by the valuer so I am having to find nearly 40%

Herzlos

Conrad wrote: »

All those millions of companies that went pop over the last 40 years, presumably we can blame membership of the EU for their demise in the same way you are seeking to convey impending independence is the cause of turd companies going bust now?

Did any of them cite being part of the EU are part of the reason they close/move? Because all of the examples posted point the blame squarely at Brexit, and no-one is posting companies that just happen to go under after June 2016.

setmefree2

Enterprise_1701C wrote: »

They still don't believe we are willing to walk away, if they carry on with their current stance then this is likely to be the best option.

I've thought this would be the most likely outcome.....we should all be looking to the WTO to make sure all our ducks are in a row there - forget the EU.

setmefree2

Originally Posted by gfplux

This story is only about very expensive property. However is this the spring shoots of a slowdown in the property market that so many Brexiters were hoping for.

Already begun. :T:T

UK house prices fall again in April as buyers feel the pinch

Average price of a home fell by 0.4% to £207,699 as rising inflation and low wage growth hit home, says Nationwide

https://www.theguardian.com/money/2017/apr/28/uk-house-prices-april-brexit-inflation-wages-nationwide

setmefree2

A €100bn Brexit bill: Who do you think you are kidding Mr Juncker?

Brexit bill is about settling accounts, not scores – despite quarrel between "bloody difficult woman" and eurocratic oaf.

http://www.ibtimes.co.uk/100bn-brexit-bill-who-do-you-think-you-are-kidding-mr-juncker-1619812