Brexit, the economy and house prices part 5

gfplux

This opinion piece from the co founder of Bloomberg.
https://www.bloomberg.com/view/articles/2018-02-09/greece-is-up-and-the-u-k-is-down-since-brexit-vote?utm_source=POLITICO.EU&utm_campaign=fe55d4ef27-EMAIL_CAMPAIGN_2018_02_09&utm_medium=email&utm_term=0_10959edeb5-fe55d4ef27-190026745
Quote
So much for wishful thinking. In a role reversal not even the most prescient dared to anticipate, Greece is growing faster than the U.K. and outperforming it in financial markets. That's because Greek citizens, who rejected bailout terms from EU creditors in a July 2015 referendum, never embraced a rupture with Europe or the return to a drachma-based economy. Now that Europe is leading the developed world in growth, productivity and job creation after the euro gained 14.2 percent last year !!!8212; the most among 16 major currencies and the strongest appreciation since 2003 !!!8212; Greece is the biggest beneficiary and Britain is the new sick man of Europe.
End Quote

Of course he might be considered an expert observer which does make his opinion suspect.

Another quote
For the first time in at least five years, U.K. growth is inferior to the euro zone's, and 53 economists surveyed by Bloomberg predict that Europe's superior increase in gross domestic product last year will continue through 2019. The same analysts also forecast that Greece will overtake Britain in GDP growth. They expect Greece to see its GDP rise 2.15 percent this year and 2.2 percent in 2019 as the U.K. grows 1.4 percent and 1.5 percent. The euro zone is poised to expand 2.2 percent and 1.8 percent during the next 24 months, according to data compiled by Bloomberg.
End quote

I can not quote the whole article and I have used paragraphs that support my opinion. I look forward to reading further quotes from this article posted by Brexiters

Theophile

cogito wrote: »

20.9% not bad. Sheeesh.

The reduction in Greece is mainly down to emigration and massaging the numbers.

Didn't say 20.9 is not bad, but you knew that.

And while we're talking about massaging the numbers:

Unemployment in the UK is now so low it's in danger of exposing the lie used to create the numbers

In reality, about 21.5% of all working-age people (defined as ages 16 to 64) are without jobs, or 8.83 million people, according to the Office for National Statistics.

http://uk.businessinsider.com/unemployment-in-the-uk-is-now-so-low-its-in-danger-of-exposing-the-lie-used-to-create-the-numbers-2017-7

Theophile

Thrugelmir wrote: »

How many Eastern Europeans have come to the UK in search of employment in that period? We are now over run with hand car washes, fast food takeaways, people laying drives etc.

And the relevance of this to Greek unemployment rates is....?

Theophile

gfplux wrote: »

So much for wishful thinking. In a role reversal not even the most prescient dared to anticipate, Greece is growing faster than the U.K.

Back to being the sick man of Europe.

Moby

Theophile wrote: »

Back to being the sick man of Europe.

With worse working rights in our new bargain basement economy and look at the areas which will be affected the worst:-

Thrugelmir

gfplux wrote: »

I can not quote the whole article and I have used paragraphs that support my opinion. I look forward to reading further quotes from this article posted by Brexiters

Perhaps helps that the ECB is currently buying €2 billion a day of debt still. Pumping cheap money into the system. The Eurozone is behind the curve. To keep matters in perspective, periods of QE.

US 2008-2015
UK 2009-2012
EU 2015-

Difficult to compare when stimulus has been injected in different time periods.

Rinoa

Moby wrote: »

http://www.independent.co.uk/news/uk/politics/brexit-worker-rights-impact-assessment-eu-withdrawal-leaked-theresa-may-a8201176.html

They plan to create a sweat shop economy environment. This is perfectly in line with the poliical views of Mogg, Johnson, Gove, Fox, Duncan Smith, Deadwood etc. Look at their previous records on workers rights.

What? Minimum wage far higher than under Labour even allowing for inflation. Millions of low paid now don't pay income tax like they did under Labour. Those on zero hour contracts will soon have holiday and sick pay rights enforced and will be able to demand more stable contracts. Your beloved Labour never offered such luxuries.

tracey3596

Katya Adler - you know, her that as part of the Brussels Broadcasting Corporation has been spouting so much pro-EU drivel - here acknowledges what some have been saying about the EU.
Will the Europhiles here who seem to so devoutly believe what our media tells us accept this as fact too?

Dr Katya Adler, BBC Europe Editor, said the real reason behind the EU's continuous Brexit threats is that Brussels is "very worried" the UK will become a "super competitive country" on their doorstep.

https://www.express.co.uk/news/uk/916958/Brexit-news-update-latest-UK-EU-Michel-Barnier-BBC-Brexitcast-Katya-Adler

Oh and if you must decry her comments try playing the ball, not the man? That being the BBC Radio 5 sound track and what Katya says which is included in that link.

Rinoa

gfplux wrote: »

The same analysts also forecast that Greece will overtake Britain in GDP growth. They expect Greece to see its GDP rise 2.15 percent this year and 2.2 percent in 2019 as the U.K. grows 1.4 percent and 1.5 percent.

After their GDP fell 25% (All overseen, aided and abetted by the wonderful EU) it will take them 10 years to get back to where they were at 2% growth. Brilliant.

Naturally current uncertainty is affecting UK data. When that uncertainty is removed the data will change.

kabayiri

tracey3596 wrote: »

Katya Adler - you know, her that as part of the Brussels Broadcasting Corporation has been spouting so much pro-EU drivel - here acknowledges what some have been saying about the EU.
Will the Europhiles here who seem to so devoutly believe what our media tells us accept this as fact too?


https://www.express.co.uk/news/uk/916958/Brexit-news-update-latest-UK-EU-Michel-Barnier-BBC-Brexitcast-Katya-Adler

Oh and if you must decry her comments try playing the ball, not the man? That being the BBC Radio 5 sound track and what Katya says which is included in that link.

I just don't get this.

Why would the EU worry about the UK competition when there are the likes of China; India; and a resurgent USA on the horizon? That's where EU has been losing global trade to for the last 30 years+.

Whilst the EU struggles with youth unemployment, particularly in the South, there are reports that very soon China will produce 40% of the worlds' graduates.

40%!! The future relies on cutting edge skills, and they are setting the benchmark.

I think most people know we can not carry on doing the same old thing, and assuming we remain wealthy on the world stage. We have to change.

So why do we think the EU can avoid change?

It absolutely can not, IMO, and the EU political core know this. Their preferred plan is much greater integration and tighter control from the centre. How do they carry out this plan without rupturing from internal division with the Eastern states.