If we vote for Brexit what happens

HAMISH_MCTAVISH

mayonnaise wrote: »

Any negative data will be greeted by the brexiteers with:

- "the powers that be (TPTB) are fiddling the figures!"
- "it's them remainers' fault for talking down the economy!"
- "nothing to do with brexit, it would have happened anyway!"

...or all of the above. :j

That's certainly been the standard response so far.

:rotfl:

A_Medium_Size_Jock

mayonnaise wrote: »

Any negative data will be greeted by the brexiteers with:

- "the powers that be (TPTB) are fiddling the figures!"
- "it's them remainers' fault for talking down the economy!"
- "nothing to do with brexit, it would have happened anyway!"

...or all of the above. :j

Ah, as opposed to the remainiacs where any negative news will be greeted by:

- "we're all doomed! The end is nigh!"
- " .... so we must have a second vote!"
- "we told you it would ...."
etc. etc. etc. etc.

This of course DESPITE the fact that EU economic growth has just been called "stagnant" with (for example) Italy showing no movement and even the "mighty" Germany slowing to 0.4% whilst admitting "the slowdown will spread to Germany through muted exports."
http://www.paneuropeannetworks.com/government/economic-growth-stalls-in-germany-and-italy/

http://www.tradingeconomics.com/euro-area/gdp-growth

Now, what chance a balanced and reasonable discussion within these forums when whatever hard actual data is actually released? :think:
Slim, I suspect.

glasgowdan

I'm sure some parts of the UK are slow just now, but the desirable areas around me are still mad. Land registry has updated and there are some silly prices!

And fast sales well over asking price too. Crashy legend - stay calm. I'm balancing the end of days chatter with some facts. It's all valid

http://www.rightmove.co.uk/property-for-sale/property-61232501.html

marksoton

mrlegend123 wrote: »

UK construction sector slips into recession for first time in four years.

I dont get it.......

I can assure you we haven't. I've never had greater demand for developer services. The three projects i'm managing are worth £25 million pounds. And that's just to provide sewer networks.

And i'm just a small cog in a massive wheel.

Thrugelmir

sheff6107 wrote: »

Nobody is really explaining why a recession is supposed to occur

Global slowdown, burden of debt, falling oil and commodity prices. In the Western world an ageing population.

As for the UK, consumer spend has kept the economy buoyant. Though PPI payouts are finally in decline. £25 billion is quite an injection of cash into peoples pockets.

HAMISH_MCTAVISH

A_Medium_Size_Jock wrote: »

what chance a balanced and reasonable discussion within these forums when whatever hard actual data is actually released? :think:
Slim, I suspect.

The recent PMI releases are 'hard actual data' - they measure activity being seen by purchasing managers and are an accurate leading indicator that correlates closely with GDP.



In the interests of "balanced and reasonable" discussion perhaps you could remind us all of what happened the last time the PMI index went into negative territory on this scale back in 2008/9.....

iantojones40

glasgowdan wrote: »

I'm sure some parts of the UK are slow just now, but the desirable areas around me are still mad. Land registry has updated and there are some silly prices!

And fast sales well over asking price too. Crashy legend - stay calm. I'm balancing the end of days chatter with some facts. It's all valid

http://www.rightmove.co.uk/property-for-sale/property-61232501.html

Not sure what point you're trying to illustrate with your link?
That property has an ASKING price only 10% higher than it's last SOLD price in 2009 and that's after it's presumably had an extension or loft conversion as it's now advertised as a 4 bed.
Assuming it has sold for full asking price, that's a whopping 1.4% annual hpi over the last 7 years of what has essentially been a buoyant and bullish pre-brexit market.

CLAPTON

HAMISH_MCTAVISH wrote: »

The recent PMI releases are 'hard actual data' - they measure activity being seen by purchasing managers and are an accurate leading indicator that correlates closely with GDP.



In the interests of "balanced and reasonable" discussion perhaps you could remind us all of what happened the last time the PMI index went into negative territory on this scale back in 2008/9.....

don't correlate very well do they?

A_Medium_Size_Jock

CLAPTON wrote: »

don't correlate very well do they?

Yup, about as reliable as the USA version:

Thrugelmir

gfplux wrote: »

Of course there will be the transition period where EU nationals might not move to the UK and the large pool of talent available elsewhere will not get visas/points to be recruited.

Banking is contracting as an industry in terms of people employed. Added to which IT is already being shifted to Poland, India and China. None of which is connected to Brexit. Pure cost saving to offset suffering declining profitability.