Brexit, the economy and house prices (Part 3)

Conrad

setmefree2 wrote: »

I like your news links - please keep posting them .

We cant win either way.


A standard retort from Remainers, and actually the left also across the internet is 'provide an evidence link or shut up' (and it better not be the DM)

Conrad

setmefree2 wrote: »

http://www.cityam.com/272958/business-investment-uk-went-up-second-quarter

So business investment is pretty robust and up on same period for last year.


How can this be?


I do hope you post these links on Twitter - so many doomers have assured me every week since last June that we're already down the pan and investors fleeing

mayonnaise

setmefree2 wrote: »

The breakdown for Q2 now looks more encouraging, with quarterly growth in household spending revised up from 0.1% to 0.2%, and business investment from 0% to 0.5%.
"What’s more, the National Accounts painted households’ balance sheets in a much better light," says Hollingsworth, noting:
The household saving ratio has been revised up on average by 0.9pp between 1997 and 2016. And the impact in more recent quarters was even more significant – Q1’s figure was revised up from 1.7% to 3.8%. And the saving ratio picked up to 5.4% in Q2, the highest since Q3 2016.
This should alay some fears that the UK's private sector debt is becoming unsustainable.

setmefree2 wrote: »

There was a narrowing of the deficit on trade in goods which narrowed £2.3 billion in Quarter 2 2017.


There was some good news in that the total trade deficit narrowed to £6.5 billion in Quarter 2 2017, primarily due to increased exports of trade in goods of which; exports of chemicals increased by £1.1 billion and exports of oil increased by £0.8 billion.

It's common practice on these forums to refer to your source with a link, although I do understand your reasons for omitting it.
To keep us doom-mongers from reading about the GDP downgrade and widening current account deficit maybe? :whistle:
https://www.poundsterlinglive.com/gbp-live-today/7673-gbp-to-eur-and-usd-today-gdp-current-account-and-broadbent

mayonnaise

UK economy worse than thought after data revisions

Broad revisions to Britain’s main statistics on Friday showed the economy has performed worse than previously thought since the Brexit vote

https://www.ft.com/content/79d4c812-a4ee-11e7-9e4f-7f5e6a7c98a2

A_Medium_Size_Jock

"The picture which perfectly sums up Britain's distant relationship with the EU"

Mr Juncker's remarks undermined a carefully constructed detente between British and EU negotiators which followed a bruising war of words between both sides in previous meetings.

http://www.telegraph.co.uk/news/2017/09/29/picture-perfectly-sums-britains-distant-relationship-eu/
:rotfl:
These are almost as desperate as some detractors here with their carp - for example, look where Merkel is.
Any further away & she would be completely out of shot.

gfplux

Good to see the last few posts have focused on the news about Britain.
There are just too many posts about news from the EU. This is just not relevant to a thread called Brexit, the economy and house prices.
Keeping on topic.
https://www.reuters.com/article/uk-britain-boe-carney/carney-boe-cant-be-expected-to-nullify-brexit-hit-to-economy-idUKKCN1C30Y7

Mark Carney says the economy will be hit by Brexit.

"LONDON (Reuters) - Governor Mark Carney said on Thursday the Bank of England could not be expected to nullify the likely hit to the economy from Brexit, although it could influence how that hit is spread across Britain"

But of course he is an Expert so his opinion counts for nothing in Brexiter eyes.

A_Medium_Size_Jock

mayonnaise wrote: »

UK economy worse than thought after data revisions

https://www.ft.com/content/79d4c812-a4ee-11e7-9e4f-7f5e6a7c98a2

There are so many mixed stories though.
Even in the report you link:

But household finances now appear stronger. Releasing the revised national accounts, the ONS admitted that it had erred in calculating the household savings ratio in past releases. Rather than falling to a 50-year low of 1.7 per cent in the first quarter of the year as the statistical agency had reported in June, the ONS now says the correct figure was 3.8 per cent.

House prices:

Prices across the country as a whole rose 2.25 per cent.

Consumer debt continued to rise at a near double-digit pace in August

A_Medium_Size_Jock

Just for gfplux, another "irrelevant" bit from the EU :
Britons in EU hail May’s ‘big step forward’ on residency rights

Campaigners for the rights of British nationals in Europe have urged the EU to reciprocate a “significant” offer from the government to allow them continued freedom of movement to retire or live in another country in the bloc after Brexit.

https://www.theguardian.com/politics/2017/sep/29/britons-in-eu-hail-mays-big-step-forward-on-residency-rights

A_Medium_Size_Jock

I am highly amused that the detractors display such angst regarding Catalonia and the EU's problems with the Euro that will certainly arise when they have so loudly scorned the decrease in value of the GB Pound post-Brexit.

It is almost as if they think that a change in the Euro's value against the pound only matters one way.;)

The latest from Catalonia:
"Catalan officials claim more than 60% of voters ready to turn out for referendum"

Oriol Junqueras has vowed Catalan citizens will be able to vote on Sunday "even if somebody takes voting stations by assault and tries to avoid something as natural as placing a voting slip in a ballot".

And here's another "biggie" for those detractors:

The EU has warned that Catalonia will be ejected from the bloc if it declares independence - and it would need to apply to rejoin in a lengthy process that any member state can veto.

Catalan officials say they will declare independence within 48 hours after announcing the results if the Yes side wins.

http://news.sky.com/story/catalan-officials-claim-more-than-60-of-voters-ready-to-turn-out-for-referendum-11059210


No wonder the pro-EU detractors in here cry "irrelevant" eh?
The very existence of their beloved EU is under serious threat.

System

GDP slowest growth since 2013.

Current account deficit at record high.

I commend the government in their continued subterfuge to create the impression they're out of their depth. It's really working.