Brexit the economy and house prices part 7: Brexit Harder

Dee_Best

Herzlos wrote: »

No we're just pointing out the economic impact Brexit is having,

If you are, why are you ignoring how well the UK is doing?
Where is your cheering for the UK, ever?

So far this year the UK's growth is 1%.
Nothing sparkling, I will happily admit but hey, growth is growth.
By comparison Germany's is 0.5%.
So your "economic impact" doesn't really stand up to scrutiny does it?
You're making the mistake of viewing one item out of a huge overall picture.

Example: No new Tesla factory.
Chinese company buys British Steel & promises to invest £1.2 billion.

Where's your cheering for that and why not?
You really are just taking an anti-British stance, aren't you?

Dee_Best

Ballard wrote: »

Despite what many Leavers believe I, and most Remainers, want what’s best for the country and feel that remaining within the EU delivers that. I have no vested interest in the EU other than what everyone else has.

If that is true I ask the same question just asked of another remain poster:
If you are, why are you ignoring how well the UK is doing?
Where is your cheering for the UK, ever?
Example: No new Tesla factory; bad news. Boo to Brexit etc.

Chinese company buys British Steel & promises to invest £1.2 billion.
Where's your cheering for that and why not?

Herzlos

Dee_Best wrote: »

If you are, why are you ignoring how well the UK is doing?

Because it's not. It's stagnating hard and struggling to move forward. None of the bad things have really kicked in yet but they aren't far off.

Where is your cheering for the UK, ever?

What is there to cheer about?

So far this year the UK's growth is 1%.

And it could have been higher, from a higher base GDP if it hadn't been for Brexit. Just because we're not on fire doesn't mean we're making bad decisions.

Chinese company buys British Steel & promises to invest £1.2 billion.

Did it do so because of Brexit?

Ballard

Dee_Best wrote: »

If that is true I ask the same question just asked of another remain poster:
If you are, why are you ignoring how well the UK is doing?
Where is your cheering for the UK, ever?
Example: No new Tesla factory; bad news. Boo to Brexit etc.

Chinese company buys British Steel & promises to invest £1.2 billion.
Where's your cheering for that and why not?

This is a thread about Brexit, not a thread about the British economy. I hope that British Steel thrive under their new owners but I don’t see it as massively pertinent to this thread other than the Chinese feeling that it was worth purchasing.

mayonnaise

Dee_Best wrote: »

Chinese company buys British Steel & promises to invest £1.2 billion.
Where's your cheering for that and why not?

It was only months ago a Turkish pension fund was about to buy British Steel, also with promises of loads of future investment.

Talks between Oyak and the official receiver, which is managing the sale of British Steel, are understood to be at an advanced stage. Oyak has reportedly offered to pay up to £70m for the company and invest up to £900m.

https://www.theguardian.com/business/2019/oct/16/prospect-of-turkish-rescue-of-british-steel-raises-union-concerns

Were you cheering back then also?

By all means, wave your flag as much as you want, but please allow the more thinking and critical minds among us to be suspicious about the Chinese motives. Chinese steel dumping was the cause many steelmakers in Europe got into trouble.
And when they're on their knees and the Chinese come along to buy them up for peanuts with some vague promises of future investment, we're meant to be cheering? Really? :rotfl:

Dee_Best

Your response isn't very patriotic and makes you look like you have a hatred of Britain.
Every answer you've given is negative, rather than accepting the statistics which suggest you are wrong.

Herzlos wrote: »

Because it's not. It's stagnating hard and struggling to move forward.

It is growing, faster than Germany and Italy and much faster than all the predictions from anti-Brexiters since the referendum who told us that by now we would be in recession. That's despite a global slowdown too.

Herzlos wrote: »

None of the bad things have really kicked in yet but they aren't far off.

For three and a half years we've been warned of that. It's all been rubbish.You're just hoping it comes true.

Herzlos wrote: »

What is there to cheer about?

Continued growth in the face of a global slowdown & despite Brexit concerns.
Record levels of employment & record low unemployment.
Wage rises at 3.6% are far higher than inflation at 1.5%, so people have more money in their pockets.

Is there any point going on or will you carry on dismissing these facts just because you don't like them?

Herzlos wrote: »

And it could have been higher, from a higher base GDP if it hadn't been for Brexit. Just because we're not on fire doesn't mean we're making bad decisions.

It could have been higher but according to the anti-Brexit gang we should by now be in recession. We're not. Maybe it's the constant negativity from anti-Brexiters that's keeping growth subdued just the same as their constant refusal to allow Brexit has so far prevented it from progressing in parliament.

Herzlos wrote: »

Did it do so because of Brexit?

Since they can hardly not know about Brexit you definitely can't say they haven't because of Brexit, can you?
Does that automatically make the opposite apply, meaning Jingye must have bought British Steel because of Brexit?

I know you won't like this but you know what?
Despite Brexit and global stuff,
Britain rocks!

Dee_Best

Ballard wrote: »

This is a thread about Brexit, not a thread about the British economy. I hope that British Steel thrive under their new owners but I don’t see it as massively pertinent to this thread other than the Chinese feeling that it was worth purchasing.

Read the heading which the thread comes under:
"Debate House Prices & the Economy".
If you don't see how any foreign company buying or investing in a UK company during this period is pertinent perhaps you aren't the right person to be participating in the discussion.

It is far more pertinent than a foreign company investing in a foreign country yet which has been widely discussed in this thread as by comparison that has zero relevance to a Brexit thread.

Dee_Best

The Chinese have invested heavily in Britain.
I've not seen mayonnaise decry any of that before.

British Steel has been in difficulties and sold many times before, none of which were the fault of Chinese practices, and it is a shadow of what was once a huge industry in Britain.
I would rather China invest than nobody & lose it altogether as has happened with so much of our industry.

Chinese companies own UK assets as diverse as from energy companies to Pizza Express and from property to holiday companies.
That in turn means lots of people here rely for their jobs on Chinese companies.
There is no reason that what's left of our steel industry should be treated any differently.

Fran_Klee

mayonnaise wrote: »

It was only months ago a Turkish pension fund was about to buy British Steel, also with promises of loads of future investment.



https://www.theguardian.com/business/2019/oct/16/prospect-of-turkish-rescue-of-british-steel-raises-union-concerns

Were you cheering back then also?

By all means, wave your flag as much as you want, but please allow the more thinking and critical minds among us to be suspicious about the Chinese motives. Chinese steel dumping was the cause many steelmakers in Europe got into trouble.
And when they're on their knees and the Chinese come along to buy them up for peanuts with some vague promises of future investment, we're meant to be cheering? Really? :rotfl:

It's the EU that you adore that led to the demise of British Steel.
They reneged on their own ETS rules and demanded hundreds of millions payment for carbon credit.

With actions like that from the EU (and Galileo and more) I'd rather have the Chinese - in fact I'd rather have almost anyone.

Theophile

Dee_Best wrote: »

Britain rocks!

Britain rocks while in the EU?