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Recession
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By *irldnCouple
over a year ago
Brighton |
Well this is cheery news too...No bounce in Brexit! World exports bounce back from Covid growing 8.2% while UK’s falls 14% in 3 months to January 2022. Brexit is blamed. The OBR claims UK productivity will be reduced by 4% over next 15 years. |
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By *eroy1000Man
over a year ago
milton keynes |
"Are we on the verge of a national/ global recession even worse than anything for a good 30+ year's?"
It does seem possible that the UK and many other countries will slip into recession this year but certainly not a given. Reading these forums and the news the UK has rebounded well from covid and continuing to perform better than predicted even by recent predictions. |
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By *oodmessMan
over a year ago
yumsville |
With the national lockdowns in Singapore and large scale isolations in China too, I read an opinion that whilst bottlenecks cause prices to spike.. the need for oil and fuel will be reduced as there'll be less travel. As a result it means more will be in circulation and manufacturers won't be paying the prices they have been.
As far as gas, it's is anyones guess. |
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By (user no longer on site)
over a year ago
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Why are so many people blind to the fact the inflation is horrible all over the world? Same goes for fuel prices? Despite that people still parrot the same "because of Brexit" nonsense?  |
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By *irldnCouple
over a year ago
Brighton |
"Why are so many people blind to the fact the inflation is horrible all over the world? Same goes for fuel prices? Despite that people still parrot the same "because of Brexit" nonsense?
 this  "
You know who the OBR are right? So they are parroting nonsense are they? This is what was said...
“No bounce in Brexit! World exports bounce back from Covid growing 8.2% while UK’s falls 14% in 3 months to January 2022. Brexit is blamed. The OBR claims UK productivity will be reduced by 4% over next 15 years.”
So you talk about inflation being worldwide etc which is true. But the point is things are worse in the UK then they would have been were it not for Brexit. When the OBR says...
“UK productivity will be reduced by 4% over next 15 years”
That doesn’t sound that much does it. Just 4%. Which actually represents £trillions. |
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"Why are so many people blind to the fact the inflation is horrible all over the world? Same goes for fuel prices? Despite that people still parrot the same "because of Brexit" nonsense? "
Lolz.
I'd like to hear more from People who think brexit is a good idea.
There hasn't been enough comedy in here for a while now. |
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By *eroy1000Man
over a year ago
milton keynes |
"Why are so many people blind to the fact the inflation is horrible all over the world? Same goes for fuel prices? Despite that people still parrot the same "because of Brexit" nonsense? "
Yes it's a worldwide problem sadly and Rocky times for many countries. Even places like Germany are at risk and they have not yet recovered from the covid drop yet. The UK has recovered and now above the levels before covid. I think many countries including the UK are fragile at the moment |
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By *I TwoCouple
over a year ago
PDI 12-26th Nov 24 |
From the horses mouth...
"It was “always inevitable” that Brexit would have an impact on UK trade with the rest of Europe, chancellor Rishi Sunak has admitted.
Mr Sunak agreed that it “might well be” the case that the slump in trade intensity experienced by the UK compared to other leading economies has been caused by the fact that Britain was the only one of them to go through Brexit." |
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"Why are so many people blind to the fact the inflation is horrible all over the world? Same goes for fuel prices? Despite that people still parrot the same "because of Brexit" nonsense?
this
You know who the OBR are right? So they are parroting nonsense are they? This is what was said...
“No bounce in Brexit! World exports bounce back from Covid growing 8.2% while UK’s falls 14% in 3 months to January 2022. Brexit is blamed. The OBR claims UK productivity will be reduced by 4% over next 15 years.”
So you talk about inflation being worldwide etc which is true. But the point is things are worse in the UK then they would have been were it not for Brexit. When the OBR says...
“UK productivity will be reduced by 4% over next 15 years”
That doesn’t sound that much does it. Just 4%. Which actually represents £trillions."
. However I do not think we should pay too much attention to the estimates of the OBR which are usually wrong . No one can predict the future.
If you want to look at the success of the UK just look at how hard it is to find a builder or a skilled tradesman to do construction work. Why would Brexit reduce trade ?. We continue to trade with all our European partners and in addition have numerous deals in the pipeline . Brexit will actually be a benefit to the UK, not a hindrance. I do not see many quoted companies complaining about it. Instead they will want to make the most of the new found opportunities. |
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"Why are so many people blind to the fact the inflation is horrible all over the world? Same goes for fuel prices? Despite that people still parrot the same "because of Brexit" nonsense?
this
You know who the OBR are right? So they are parroting nonsense are they? This is what was said...
“No bounce in Brexit! World exports bounce back from Covid growing 8.2% while UK’s falls 14% in 3 months to January 2022. Brexit is blamed. The OBR claims UK productivity will be reduced by 4% over next 15 years.”
So you talk about inflation being worldwide etc which is true. But the point is things are worse in the UK then they would have been were it not for Brexit. When the OBR says...
“UK productivity will be reduced by 4% over next 15 years”
That doesn’t sound that much does it. Just 4%. Which actually represents £trillions. . However I do not think we should pay too much attention to the estimates of the OBR which are usually wrong . No one can predict the future.
If you want to look at the success of the UK just look at how hard it is to find a builder or a skilled tradesman to do construction work. Why would Brexit reduce trade ?. We continue to trade with all our European partners and in addition have numerous deals in the pipeline . Brexit will actually be a benefit to the UK, not a hindrance. I do not see many quoted companies complaining about it. Instead they will want to make the most of the new found opportunities. "
Lolz.
I enjoy these fictional posts from an alternative universe. |
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By *irldnCouple
over a year ago
Brighton |
"Why are so many people blind to the fact the inflation is horrible all over the world? Same goes for fuel prices? Despite that people still parrot the same "because of Brexit" nonsense?
this
You know who the OBR are right? So they are parroting nonsense are they? This is what was said...
“No bounce in Brexit! World exports bounce back from Covid growing 8.2% while UK’s falls 14% in 3 months to January 2022. Brexit is blamed. The OBR claims UK productivity will be reduced by 4% over next 15 years.”
So you talk about inflation being worldwide etc which is true. But the point is things are worse in the UK then they would have been were it not for Brexit. When the OBR says...
“UK productivity will be reduced by 4% over next 15 years”
That doesn’t sound that much does it. Just 4%. Which actually represents £trillions. . However I do not think we should pay too much attention to the estimates of the OBR which are usually wrong . No one can predict the future.
If you want to look at the success of the UK just look at how hard it is to find a builder or a skilled tradesman to do construction work. Why would Brexit reduce trade ?. We continue to trade with all our European partners and in addition have numerous deals in the pipeline . Brexit will actually be a benefit to the UK, not a hindrance. I do not see many quoted companies complaining about it. Instead they will want to make the most of the new found opportunities. "
Oh dear! Nobody ever claims that we stopped/no longer trade with the EU. But that trade has both reduced and now comes with significantly more administrative burden and substantial additional cost. Hence negative impact! |
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"Recession" is under estimating it. The UK is on its way into a 1930's type DEPRESSION. Prices on energy are doubling. Prices on food staples are showing 10, 20, 30, 40 percent inflation. Rates are going up. Taxes are going up. Huge numbers of people can only eat with the assistance of food banks - food giveaways from ordinary people to ordinary people, to prevent starvation. A Chancellor of the Exchequer who is so far out of touch that he doesn't even know how to pay for things at a till because he has never ever had to do it before. Government ministers that give themselves more expenses money for a single meal than many people have to live on for a month.
A society that is utterly broken. A system that cannot be mended because the ones at the top have deliberately made it to kill the ones at the bottom. A prime minister who is a traitor to his country, even though he might not actually realise it because he is too narcissistic, busy freeloading and stupid, he thinks that billionaires just giving him stuff do it because they are his friends.
The united kingdom is in a bad place at the moment, and I don't see how it will recover without mass social unrest and probably violence. More likely we will end up like India, a country that has massive wealth, incredibly rich higher classes, crushingly poor lower classes and a system that is designed to protect the wealthy and stamp on the faces of the poor. |
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By *ackal1Couple
over a year ago
Manchester |
""Recession" is under estimating it. The UK is on its way into a 1930's type DEPRESSION. Prices on energy are doubling. Prices on food staples are showing 10, 20, 30, 40 percent inflation. Rates are going up. Taxes are going up. Huge numbers of people can only eat with the assistance of food banks - food giveaways from ordinary people to ordinary people, to prevent starvation. A Chancellor of the Exchequer who is so far out of touch that he doesn't even know how to pay for things at a till because he has never ever had to do it before. Government ministers that give themselves more expenses money for a single meal than many people have to live on for a month.
A society that is utterly broken. A system that cannot be mended because the ones at the top have deliberately made it to kill the ones at the bottom. A prime minister who is a traitor to his country, even though he might not actually realise it because he is too narcissistic, busy freeloading and stupid, he thinks that billionaires just giving him stuff do it because they are his friends.
The united kingdom is in a bad place at the moment, and I don't see how it will recover without mass social unrest and probably violence. More likely we will end up like India, a country that has massive wealth, incredibly rich higher classes, crushingly poor lower classes and a system that is designed to protect the wealthy and stamp on the faces of the poor."
That’s a depressing read. On the bright side if it does get really bad the rich can afford to leave with the money we hand over willingly every year. So that’s alright then. |
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By *ackal1Couple
over a year ago
Manchester |
"Why are so many people blind to the fact the inflation is horrible all over the world? Same goes for fuel prices? Despite that people still parrot the same "because of Brexit" nonsense?
this
You know who the OBR are right? So they are parroting nonsense are they? This is what was said...
“No bounce in Brexit! World exports bounce back from Covid growing 8.2% while UK’s falls 14% in 3 months to January 2022. Brexit is blamed. The OBR claims UK productivity will be reduced by 4% over next 15 years.”
So you talk about inflation being worldwide etc which is true. But the point is things are worse in the UK then they would have been were it not for Brexit. When the OBR says...
“UK productivity will be reduced by 4% over next 15 years”
That doesn’t sound that much does it. Just 4%. Which actually represents £trillions. . However I do not think we should pay too much attention to the estimates of the OBR which are usually wrong . No one can predict the future.
If you want to look at the success of the UK just look at how hard it is to find a builder or a skilled tradesman to do construction work. Why would Brexit reduce trade ?. We continue to trade with all our European partners and in addition have numerous deals in the pipeline . Brexit will actually be a benefit to the UK, not a hindrance. I do not see many quoted companies complaining about it. Instead they will want to make the most of the new found opportunities. "
No builders or plumbers means no transactions on goods or services associated and no tax receipts . That’s all negative for our economy . Trade has reduced according to the OBR as a result of Brexit . EU trade is down and trade is expensive hurting business and consumers alike.
Every new deal is either a copy or increase imports so no good trade deals. China now a possible enemy , USA want us to import poor food so again a negative. With the costs of fuel and shipping increasing then long term it will be even harder to trade further away,
As for quoted companies they never get involved in anything too political in public they just quietly move or adjust business if they want to, A prime example is P&O. DFDS have employed cheap labour on their ferries for years but keep it quiet. Look how P&O are vilified in public because they stuck their heads up above the parapet. Public companies operate via stealth to protect their share price.
Brexit is only a negative and will always be so. |
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By (user no longer on site)
over a year ago
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"Why are so many people blind to the fact the inflation is horrible all over the world? Same goes for fuel prices? Despite that people still parrot the same "because of Brexit" nonsense?
this
You know who the OBR are right? So they are parroting nonsense are they? This is what was said...
“No bounce in Brexit! World exports bounce back from Covid growing 8.2% while UK’s falls 14% in 3 months to January 2022. Brexit is blamed. The OBR claims UK productivity will be reduced by 4% over next 15 years.”
So you talk about inflation being worldwide etc which is true. But the point is things are worse in the UK then they would have been were it not for Brexit. When the OBR says...
“UK productivity will be reduced by 4% over next 15 years”
That doesn’t sound that much does it. Just 4%. Which actually represents £trillions."
UK gdp at peak was $3.1 trillion. 4% of that is $124 billion. If you multiply by 15 its $1.86 billion. US dollars not pounds.
Although not quite trillions of pounds still a hefty amount. Yes things are looking bleak. |
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By *ackal1Couple
over a year ago
Manchester |
"Why are so many people blind to the fact the inflation is horrible all over the world? Same goes for fuel prices? Despite that people still parrot the same "because of Brexit" nonsense?
this
You know who the OBR are right? So they are parroting nonsense are they? This is what was said...
“No bounce in Brexit! World exports bounce back from Covid growing 8.2% while UK’s falls 14% in 3 months to January 2022. Brexit is blamed. The OBR claims UK productivity will be reduced by 4% over next 15 years.”
So you talk about inflation being worldwide etc which is true. But the point is things are worse in the UK then they would have been were it not for Brexit. When the OBR says...
“UK productivity will be reduced by 4% over next 15 years”
That doesn’t sound that much does it. Just 4%. Which actually represents £trillions.
UK gdp at peak was $3.1 trillion. 4% of that is $124 billion. If you multiply by 15 its $1.86 billion. US dollars not pounds.
Although not quite trillions of pounds still a hefty amount. Yes things are looking bleak."
Hmmm $124B x 15. = $1.86B Are you sure?  |
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By *eroy1000Man
over a year ago
milton keynes |
""Recession" is under estimating it. The UK is on its way into a 1930's type DEPRESSION. Prices on energy are doubling. Prices on food staples are showing 10, 20, 30, 40 percent inflation. Rates are going up. Taxes are going up. Huge numbers of people can only eat with the assistance of food banks - food giveaways from ordinary people to ordinary people, to prevent starvation. A Chancellor of the Exchequer who is so far out of touch that he doesn't even know how to pay for things at a till because he has never ever had to do it before. Government ministers that give themselves more expenses money for a single meal than many people have to live on for a month.
A society that is utterly broken. A system that cannot be mended because the ones at the top have deliberately made it to kill the ones at the bottom. A prime minister who is a traitor to his country, even though he might not actually realise it because he is too narcissistic, busy freeloading and stupid, he thinks that billionaires just giving him stuff do it because they are his friends.
The united kingdom is in a bad place at the moment, and I don't see how it will recover without mass social unrest and probably violence. More likely we will end up like India, a country that has massive wealth, incredibly rich higher classes, crushingly poor lower classes and a system that is designed to protect the wealthy and stamp on the faces of the poor."
Well hope it does not go that bad but with our neighbours and much of the world in a similar place it is certainly not impossible. Not sure how violence is a solution though |
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By *eroy1000Man
over a year ago
milton keynes |
"Why are so many people blind to the fact the inflation is horrible all over the world? Same goes for fuel prices? Despite that people still parrot the same "because of Brexit" nonsense?
this
You know who the OBR are right? So they are parroting nonsense are they? This is what was said...
“No bounce in Brexit! World exports bounce back from Covid growing 8.2% while UK’s falls 14% in 3 months to January 2022. Brexit is blamed. The OBR claims UK productivity will be reduced by 4% over next 15 years.”
So you talk about inflation being worldwide etc which is true. But the point is things are worse in the UK then they would have been were it not for Brexit. When the OBR says...
“UK productivity will be reduced by 4% over next 15 years”
That doesn’t sound that much does it. Just 4%. Which actually represents £trillions.
UK gdp at peak was $3.1 trillion. 4% of that is $124 billion. If you multiply by 15 its $1.86 billion. US dollars not pounds.
Although not quite trillions of pounds still a hefty amount. Yes things are looking bleak."
Not sure about your figures but leaving that aside is the prediction 4% lower every year for the next 15 years as your sum seems to imply or 4% overall in 15 years time? They are not the same thing at all |
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polly clearly wasn't advocating violence as a solution. it's clear polly was citing the lessons from history where social unrest and violence is the probable backlash to the corrupt politics of the last decade, unless there is a dramatic and rapid shift away from the poor quality of recent right wing extremist governance that the country has suffered from. it has already manifested itself as a sharp rise in casual violence, violent robbery and violent sexual assault under the conservative and unionist government over the last 12 years. |
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By *ackal1Couple
over a year ago
Manchester |
"Why are so many people blind to the fact the inflation is horrible all over the world? Same goes for fuel prices? Despite that people still parrot the same "because of Brexit" nonsense?
this
You know who the OBR are right? So they are parroting nonsense are they? This is what was said...
“No bounce in Brexit! World exports bounce back from Covid growing 8.2% while UK’s falls 14% in 3 months to January 2022. Brexit is blamed. The OBR claims UK productivity will be reduced by 4% over next 15 years.”
So you talk about inflation being worldwide etc which is true. But the point is things are worse in the UK then they would have been were it not for Brexit. When the OBR says...
“UK productivity will be reduced by 4% over next 15 years”
That doesn’t sound that much does it. Just 4%. Which actually represents £trillions.
UK gdp at peak was $3.1 trillion. 4% of that is $124 billion. If you multiply by 15 its $1.86 billion. US dollars not pounds.
Although not quite trillions of pounds still a hefty amount. Yes things are looking bleak.
Not sure about your figures but leaving that aside is the prediction 4% lower every year for the next 15 years as your sum seems to imply or 4% overall in 15 years time? They are not the same thing at all"
The OBR says shrunk by 4% in one year so growth will be down by that 4% per year less the annual growth on the lower GDP. It will be less growth than our previous higher GDP so in effect the 4% gets bigger year on year.
Example is ; if you have £100 pound and £95 both on 10% growth . After 10 years the difference between the two is greater. Than when you started.
So it’s actually not fixed number per annum but it does run into trillions, |
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By *eroy1000Man
over a year ago
milton keynes |
"Why are so many people blind to the fact the inflation is horrible all over the world? Same goes for fuel prices? Despite that people still parrot the same "because of Brexit" nonsense?
this
You know who the OBR are right? So they are parroting nonsense are they? This is what was said...
“No bounce in Brexit! World exports bounce back from Covid growing 8.2% while UK’s falls 14% in 3 months to January 2022. Brexit is blamed. The OBR claims UK productivity will be reduced by 4% over next 15 years.”
So you talk about inflation being worldwide etc which is true. But the point is things are worse in the UK then they would have been were it not for Brexit. When the OBR says...
“UK productivity will be reduced by 4% over next 15 years”
That doesn’t sound that much does it. Just 4%. Which actually represents £trillions.
UK gdp at peak was $3.1 trillion. 4% of that is $124 billion. If you multiply by 15 its $1.86 billion. US dollars not pounds.
Although not quite trillions of pounds still a hefty amount. Yes things are looking bleak.
Not sure about your figures but leaving that aside is the prediction 4% lower every year for the next 15 years as your sum seems to imply or 4% overall in 15 years time? They are not the same thing at all
The OBR says shrunk by 4% in one year so growth will be down by that 4% per year less the annual growth on the lower GDP. It will be less growth than our previous higher GDP so in effect the 4% gets bigger year on year.
Example is ; if you have £100 pound and £95 both on 10% growth . After 10 years the difference between the two is greater. Than when you started.
So it’s actually not fixed number per annum but it does run into trillions, "
This was why I was asking as I was not sure. It sounds like a very difficult calculation if we have to take GDP away from the 4% and we don't know what that will be from one month to the next let alone many years time. I would not want to try and work it all out that's for sure. I did see the orb says that their report does not include the end of last year which they now say trade with the EU was higher than predicted which would improve their calculations. Stuff that for a job |
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By *ackal1Couple
over a year ago
Manchester |
"Why are so many people blind to the fact the inflation is horrible all over the world? Same goes for fuel prices? Despite that people still parrot the same "because of Brexit" nonsense?
this
You know who the OBR are right? So they are parroting nonsense are they? This is what was said...
“No bounce in Brexit! World exports bounce back from Covid growing 8.2% while UK’s falls 14% in 3 months to January 2022. Brexit is blamed. The OBR claims UK productivity will be reduced by 4% over next 15 years.”
So you talk about inflation being worldwide etc which is true. But the point is things are worse in the UK then they would have been were it not for Brexit. When the OBR says...
“UK productivity will be reduced by 4% over next 15 years”
That doesn’t sound that much does it. Just 4%. Which actually represents £trillions.
UK gdp at peak was $3.1 trillion. 4% of that is $124 billion. If you multiply by 15 its $1.86 billion. US dollars not pounds.
Although not quite trillions of pounds still a hefty amount. Yes things are looking bleak.
Not sure about your figures but leaving that aside is the prediction 4% lower every year for the next 15 years as your sum seems to imply or 4% overall in 15 years time? They are not the same thing at all
The OBR says shrunk by 4% in one year so growth will be down by that 4% per year less the annual growth on the lower GDP. It will be less growth than our previous higher GDP so in effect the 4% gets bigger year on year.
Example is ; if you have £100 pound and £95 both on 10% growth . After 10 years the difference between the two is greater. Than when you started.
So it’s actually not fixed number per annum but it does run into trillions,
This was why I was asking as I was not sure. It sounds like a very difficult calculation if we have to take GDP away from the 4% and we don't know what that will be from one month to the next let alone many years time. I would not want to try and work it all out that's for sure. I did see the orb says that their report does not include the end of last year which they now say trade with the EU was higher than predicted which would improve their calculations. Stuff that for a job "
I could once upon a time have calculated the compound but my head decided it didn’t want to play so I’ll leave it at it’s bad from whichever starting point and end point you chose. |
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"Why are so many people blind to the fact the inflation is horrible all over the world? Same goes for fuel prices? Despite that people still parrot the same "because of Brexit" nonsense?
this
You know who the OBR are right? So they are parroting nonsense are they? This is what was said...
“No bounce in Brexit! World exports bounce back from Covid growing 8.2% while UK’s falls 14% in 3 months to January 2022. Brexit is blamed. The OBR claims UK productivity will be reduced by 4% over next 15 years.”
So you talk about inflation being worldwide etc which is true. But the point is things are worse in the UK then they would have been were it not for Brexit. When the OBR says...
“UK productivity will be reduced by 4% over next 15 years”
That doesn’t sound that much does it. Just 4%. Which actually represents £trillions.
UK gdp at peak was $3.1 trillion. 4% of that is $124 billion. If you multiply by 15 its $1.86 billion. US dollars not pounds.
Although not quite trillions of pounds still a hefty amount. Yes things are looking bleak.
Not sure about your figures but leaving that aside is the prediction 4% lower every year for the next 15 years as your sum seems to imply or 4% overall in 15 years time? They are not the same thing at all
The OBR says shrunk by 4% in one year so growth will be down by that 4% per year less the annual growth on the lower GDP. It will be less growth than our previous higher GDP so in effect the 4% gets bigger year on year.
Example is ; if you have £100 pound and £95 both on 10% growth . After 10 years the difference between the two is greater. Than when you started.
So it’s actually not fixed number per annum but it does run into trillions,
This was why I was asking as I was not sure. It sounds like a very difficult calculation if we have to take GDP away from the 4% and we don't know what that will be from one month to the next let alone many years time. I would not want to try and work it all out that's for sure. I did see the orb says that their report does not include the end of last year which they now say trade with the EU was higher than predicted which would improve their calculations. Stuff that for a job
I could once upon a time have calculated the compound but my head decided it didn’t want to play so I’ll leave it at it’s bad from whichever starting point and end point you chose. "
Yes, depending upon assumptions and calculation method, the result can come out as either BAD, or WORSE. There is now never any way that it can come out as good. Whatever the UK does now, it will be poorer than it would have been without Brexit for at least the lifetime of every child currently being born. |
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"Why are so many people blind to the fact the inflation is horrible all over the world? Same goes for fuel prices? Despite that people still parrot the same "because of Brexit" nonsense?
this
You know who the OBR are right? So they are parroting nonsense are they? This is what was said...
“No bounce in Brexit! World exports bounce back from Covid growing 8.2% while UK’s falls 14% in 3 months to January 2022. Brexit is blamed. The OBR claims UK productivity will be reduced by 4% over next 15 years.”
So you talk about inflation being worldwide etc which is true. But the point is things are worse in the UK then they would have been were it not for Brexit. When the OBR says...
“UK productivity will be reduced by 4% over next 15 years”
That doesn’t sound that much does it. Just 4%. Which actually represents £trillions.
UK gdp at peak was $3.1 trillion. 4% of that is $124 billion. If you multiply by 15 its $1.86 billion. US dollars not pounds.
Although not quite trillions of pounds still a hefty amount. Yes things are looking bleak.
Not sure about your figures but leaving that aside is the prediction 4% lower every year for the next 15 years as your sum seems to imply or 4% overall in 15 years time? They are not the same thing at all
The OBR says shrunk by 4% in one year so growth will be down by that 4% per year less the annual growth on the lower GDP. It will be less growth than our previous higher GDP so in effect the 4% gets bigger year on year.
Example is ; if you have £100 pound and £95 both on 10% growth . After 10 years the difference between the two is greater. Than when you started.
So it’s actually not fixed number per annum but it does run into trillions,
This was why I was asking as I was not sure. It sounds like a very difficult calculation if we have to take GDP away from the 4% and we don't know what that will be from one month to the next let alone many years time. I would not want to try and work it all out that's for sure. I did see the orb says that their report does not include the end of last year which they now say trade with the EU was higher than predicted which would improve their calculations. Stuff that for a job
I could once upon a time have calculated the compound but my head decided it didn’t want to play so I’ll leave it at it’s bad from whichever starting point and end point you chose.
Yes, depending upon assumptions and calculation method, the result can come out as either BAD, or WORSE. There is now never any way that it can come out as good. Whatever the UK does now, it will be poorer than it would have been without Brexit for at least the lifetime of every child currently being born. "
Per capita that's nonsense |
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By *ackal1Couple
over a year ago
Manchester |
"Why are so many people blind to the fact the inflation is horrible all over the world? Same goes for fuel prices? Despite that people still parrot the same "because of Brexit" nonsense?
this
You know who the OBR are right? So they are parroting nonsense are they? This is what was said...
“No bounce in Brexit! World exports bounce back from Covid growing 8.2% while UK’s falls 14% in 3 months to January 2022. Brexit is blamed. The OBR claims UK productivity will be reduced by 4% over next 15 years.”
So you talk about inflation being worldwide etc which is true. But the point is things are worse in the UK then they would have been were it not for Brexit. When the OBR says...
“UK productivity will be reduced by 4% over next 15 years”
That doesn’t sound that much does it. Just 4%. Which actually represents £trillions.
UK gdp at peak was $3.1 trillion. 4% of that is $124 billion. If you multiply by 15 its $1.86 billion. US dollars not pounds.
Although not quite trillions of pounds still a hefty amount. Yes things are looking bleak.
Not sure about your figures but leaving that aside is the prediction 4% lower every year for the next 15 years as your sum seems to imply or 4% overall in 15 years time? They are not the same thing at all
The OBR says shrunk by 4% in one year so growth will be down by that 4% per year less the annual growth on the lower GDP. It will be less growth than our previous higher GDP so in effect the 4% gets bigger year on year.
Example is ; if you have £100 pound and £95 both on 10% growth . After 10 years the difference between the two is greater. Than when you started.
So it’s actually not fixed number per annum but it does run into trillions,
This was why I was asking as I was not sure. It sounds like a very difficult calculation if we have to take GDP away from the 4% and we don't know what that will be from one month to the next let alone many years time. I would not want to try and work it all out that's for sure. I did see the orb says that their report does not include the end of last year which they now say trade with the EU was higher than predicted which would improve their calculations. Stuff that for a job
I could once upon a time have calculated the compound but my head decided it didn’t want to play so I’ll leave it at it’s bad from whichever starting point and end point you chose.
Yes, depending upon assumptions and calculation method, the result can come out as either BAD, or WORSE. There is now never any way that it can come out as good. Whatever the UK does now, it will be poorer than it would have been without Brexit for at least the lifetime of every child currently being born.
Per capita that's nonsense "
Feel free to look up how we’ve recently slid down the per capita table. One great thing we have the greatest external debt apart from the USA so silver place there. Our debt is 50% more than Germany and France. Remember how long the Tories have been in power and then blame labour. The conservatives promise is to make everyone better off and yet after a decade we were worse off and now covid and Brexit piled on top.
The rich getting richer and the average worker getting more and more into debt is not good. We need to build more houses to drop the prices to stop so much of earnings going into bricks and mortar.
Interestingly statistics in Europes top 20 our per capita gave us a stubborn 12-10 place for twenty years until labour were in power under Tony Blair, when both our per capita and our economy grew.. We achieved 5-7th in the rankings over that period then dropped down from Brown not being able to control the banks. ( Austerity) We then dropped again to 11/12th. We had a brief positive ride up in 2012 to 2016 to 7th place but guess what after 2016 we crash back down to 12th again. Wonder what happened that year?
So under Tory governments we have been lagging behind and yet people still think they are better with the economy. When will people realise they are not interested in the working population apart from being kept in their place. |
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"Why are so many people blind to the fact the inflation is horrible all over the world? Same goes for fuel prices? Despite that people still parrot the same "because of Brexit" nonsense?
this
You know who the OBR are right? So they are parroting nonsense are they? This is what was said...
“No bounce in Brexit! World exports bounce back from Covid growing 8.2% while UK’s falls 14% in 3 months to January 2022. Brexit is blamed. The OBR claims UK productivity will be reduced by 4% over next 15 years.”
So you talk about inflation being worldwide etc which is true. But the point is things are worse in the UK then they would have been were it not for Brexit. When the OBR says...
“UK productivity will be reduced by 4% over next 15 years”
That doesn’t sound that much does it. Just 4%. Which actually represents £trillions.
UK gdp at peak was $3.1 trillion. 4% of that is $124 billion. If you multiply by 15 its $1.86 billion. US dollars not pounds.
Although not quite trillions of pounds still a hefty amount. Yes things are looking bleak.
Not sure about your figures but leaving that aside is the prediction 4% lower every year for the next 15 years as your sum seems to imply or 4% overall in 15 years time? They are not the same thing at all
The OBR says shrunk by 4% in one year so growth will be down by that 4% per year less the annual growth on the lower GDP. It will be less growth than our previous higher GDP so in effect the 4% gets bigger year on year.
Example is ; if you have £100 pound and £95 both on 10% growth . After 10 years the difference between the two is greater. Than when you started.
So it’s actually not fixed number per annum but it does run into trillions,
This was why I was asking as I was not sure. It sounds like a very difficult calculation if we have to take GDP away from the 4% and we don't know what that will be from one month to the next let alone many years time. I would not want to try and work it all out that's for sure. I did see the orb says that their report does not include the end of last year which they now say trade with the EU was higher than predicted which would improve their calculations. Stuff that for a job
I could once upon a time have calculated the compound but my head decided it didn’t want to play so I’ll leave it at it’s bad from whichever starting point and end point you chose.
Yes, depending upon assumptions and calculation method, the result can come out as either BAD, or WORSE. There is now never any way that it can come out as good. Whatever the UK does now, it will be poorer than it would have been without Brexit for at least the lifetime of every child currently being born.
Per capita that's nonsense
Feel free to look up how we’ve recently slid down the per capita table. One great thing we have the greatest external debt apart from the USA so silver place there. Our debt is 50% more than Germany and France. Remember how long the Tories have been in power and then blame labour. The conservatives promise is to make everyone better off and yet after a decade we were worse off and now covid and Brexit piled on top.
The rich getting richer and the average worker getting more and more into debt is not good. We need to build more houses to drop the prices to stop so much of earnings going into bricks and mortar.
Interestingly statistics in Europes top 20 our per capita gave us a stubborn 12-10 place for twenty years until labour were in power under Tony Blair, when both our per capita and our economy grew.. We achieved 5-7th in the rankings over that period then dropped down from Brown not being able to control the banks. ( Austerity) We then dropped again to 11/12th. We had a brief positive ride up in 2012 to 2016 to 7th place but guess what after 2016 we crash back down to 12th again. Wonder what happened that year?
So under Tory governments we have been lagging behind and yet people still think they are better with the economy. When will people realise they are not interested in the working population apart from being kept in their place. "
Average worker getting more and more into debt? Not that I'm aware of and your statistics can be massaged to suit your argument |
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By *ackal1Couple
over a year ago
Manchester |
"Why are so many people blind to the fact the inflation is horrible all over the world? Same goes for fuel prices? Despite that people still parrot the same "because of Brexit" nonsense?
this
You know who the OBR are right? So they are parroting nonsense are they? This is what was said...
“No bounce in Brexit! World exports bounce back from Covid growing 8.2% while UK’s falls 14% in 3 months to January 2022. Brexit is blamed. The OBR claims UK productivity will be reduced by 4% over next 15 years.”
So you talk about inflation being worldwide etc which is true. But the point is things are worse in the UK then they would have been were it not for Brexit. When the OBR says...
“UK productivity will be reduced by 4% over next 15 years”
That doesn’t sound that much does it. Just 4%. Which actually represents £trillions.
UK gdp at peak was $3.1 trillion. 4% of that is $124 billion. If you multiply by 15 its $1.86 billion. US dollars not pounds.
Although not quite trillions of pounds still a hefty amount. Yes things are looking bleak.
Not sure about your figures but leaving that aside is the prediction 4% lower every year for the next 15 years as your sum seems to imply or 4% overall in 15 years time? They are not the same thing at all
The OBR says shrunk by 4% in one year so growth will be down by that 4% per year less the annual growth on the lower GDP. It will be less growth than our previous higher GDP so in effect the 4% gets bigger year on year.
Example is ; if you have £100 pound and £95 both on 10% growth . After 10 years the difference between the two is greater. Than when you started.
So it’s actually not fixed number per annum but it does run into trillions,
This was why I was asking as I was not sure. It sounds like a very difficult calculation if we have to take GDP away from the 4% and we don't know what that will be from one month to the next let alone many years time. I would not want to try and work it all out that's for sure. I did see the orb says that their report does not include the end of last year which they now say trade with the EU was higher than predicted which would improve their calculations. Stuff that for a job
I could once upon a time have calculated the compound but my head decided it didn’t want to play so I’ll leave it at it’s bad from whichever starting point and end point you chose.
Yes, depending upon assumptions and calculation method, the result can come out as either BAD, or WORSE. There is now never any way that it can come out as good. Whatever the UK does now, it will be poorer than it would have been without Brexit for at least the lifetime of every child currently being born.
Per capita that's nonsense
Feel free to look up how we’ve recently slid down the per capita table. One great thing we have the greatest external debt apart from the USA so silver place there. Our debt is 50% more than Germany and France. Remember how long the Tories have been in power and then blame labour. The conservatives promise is to make everyone better off and yet after a decade we were worse off and now covid and Brexit piled on top.
The rich getting richer and the average worker getting more and more into debt is not good. We need to build more houses to drop the prices to stop so much of earnings going into bricks and mortar.
Interestingly statistics in Europes top 20 our per capita gave us a stubborn 12-10 place for twenty years until labour were in power under Tony Blair, when both our per capita and our economy grew.. We achieved 5-7th in the rankings over that period then dropped down from Brown not being able to control the banks. ( Austerity) We then dropped again to 11/12th. We had a brief positive ride up in 2012 to 2016 to 7th place but guess what after 2016 we crash back down to 12th again. Wonder what happened that year?
So under Tory governments we have been lagging behind and yet people still think they are better with the economy. When will people realise they are not interested in the working population apart from being kept in their place.
Average worker getting more and more into debt? Not that I'm aware of and your statistics can be massaged to suit your argument "
lol . The statistics are issued by the government.
If house prices are increasing by more than wages do you understand what that means in relation to the amount of borrowing needed for a mortgage? Tax increases and inflation on food just make it even worse. |
Reply privately, Reply in forum +quote
or View forums list | |
"Why are so many people blind to the fact the inflation is horrible all over the world? Same goes for fuel prices? Despite that people still parrot the same "because of Brexit" nonsense?
this
You know who the OBR are right? So they are parroting nonsense are they? This is what was said...
“No bounce in Brexit! World exports bounce back from Covid growing 8.2% while UK’s falls 14% in 3 months to January 2022. Brexit is blamed. The OBR claims UK productivity will be reduced by 4% over next 15 years.”
So you talk about inflation being worldwide etc which is true. But the point is things are worse in the UK then they would have been were it not for Brexit. When the OBR says...
“UK productivity will be reduced by 4% over next 15 years”
That doesn’t sound that much does it. Just 4%. Which actually represents £trillions.
UK gdp at peak was $3.1 trillion. 4% of that is $124 billion. If you multiply by 15 its $1.86 billion. US dollars not pounds.
Although not quite trillions of pounds still a hefty amount. Yes things are looking bleak.
Not sure about your figures but leaving that aside is the prediction 4% lower every year for the next 15 years as your sum seems to imply or 4% overall in 15 years time? They are not the same thing at all
The OBR says shrunk by 4% in one year so growth will be down by that 4% per year less the annual growth on the lower GDP. It will be less growth than our previous higher GDP so in effect the 4% gets bigger year on year.
Example is ; if you have £100 pound and £95 both on 10% growth . After 10 years the difference between the two is greater. Than when you started.
So it’s actually not fixed number per annum but it does run into trillions,
This was why I was asking as I was not sure. It sounds like a very difficult calculation if we have to take GDP away from the 4% and we don't know what that will be from one month to the next let alone many years time. I would not want to try and work it all out that's for sure. I did see the orb says that their report does not include the end of last year which they now say trade with the EU was higher than predicted which would improve their calculations. Stuff that for a job
I could once upon a time have calculated the compound but my head decided it didn’t want to play so I’ll leave it at it’s bad from whichever starting point and end point you chose.
Yes, depending upon assumptions and calculation method, the result can come out as either BAD, or WORSE. There is now never any way that it can come out as good. Whatever the UK does now, it will be poorer than it would have been without Brexit for at least the lifetime of every child currently being born.
Per capita that's nonsense
Feel free to look up how we’ve recently slid down the per capita table. One great thing we have the greatest external debt apart from the USA so silver place there. Our debt is 50% more than Germany and France. Remember how long the Tories have been in power and then blame labour. The conservatives promise is to make everyone better off and yet after a decade we were worse off and now covid and Brexit piled on top.
The rich getting richer and the average worker getting more and more into debt is not good. We need to build more houses to drop the prices to stop so much of earnings going into bricks and mortar.
Interestingly statistics in Europes top 20 our per capita gave us a stubborn 12-10 place for twenty years until labour were in power under Tony Blair, when both our per capita and our economy grew.. We achieved 5-7th in the rankings over that period then dropped down from Brown not being able to control the banks. ( Austerity) We then dropped again to 11/12th. We had a brief positive ride up in 2012 to 2016 to 7th place but guess what after 2016 we crash back down to 12th again. Wonder what happened that year?
So under Tory governments we have been lagging behind and yet people still think they are better with the economy. When will people realise they are not interested in the working population apart from being kept in their place.
Average worker getting more and more into debt? Not that I'm aware of and your statistics can be massaged to suit your argument
lol . The statistics are issued by the government.
If house prices are increasing by more than wages do you understand what that means in relation to the amount of borrowing needed for a mortgage? Tax increases and inflation on food just make it even worse. "
I understand completely and I am able to deal with it as are pretty much the majority of individuals |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *ackal1Couple
over a year ago
Manchester |
"Why are so many people blind to the fact the inflation is horrible all over the world? Same goes for fuel prices? Despite that people still parrot the same "because of Brexit" nonsense?
this
You know who the OBR are right? So they are parroting nonsense are they? This is what was said...
“No bounce in Brexit! World exports bounce back from Covid growing 8.2% while UK’s falls 14% in 3 months to January 2022. Brexit is blamed. The OBR claims UK productivity will be reduced by 4% over next 15 years.”
So you talk about inflation being worldwide etc which is true. But the point is things are worse in the UK then they would have been were it not for Brexit. When the OBR says...
“UK productivity will be reduced by 4% over next 15 years”
That doesn’t sound that much does it. Just 4%. Which actually represents £trillions.
UK gdp at peak was $3.1 trillion. 4% of that is $124 billion. If you multiply by 15 its $1.86 billion. US dollars not pounds.
Although not quite trillions of pounds still a hefty amount. Yes things are looking bleak.
Not sure about your figures but leaving that aside is the prediction 4% lower every year for the next 15 years as your sum seems to imply or 4% overall in 15 years time? They are not the same thing at all
The OBR says shrunk by 4% in one year so growth will be down by that 4% per year less the annual growth on the lower GDP. It will be less growth than our previous higher GDP so in effect the 4% gets bigger year on year.
Example is ; if you have £100 pound and £95 both on 10% growth . After 10 years the difference between the two is greater. Than when you started.
So it’s actually not fixed number per annum but it does run into trillions,
This was why I was asking as I was not sure. It sounds like a very difficult calculation if we have to take GDP away from the 4% and we don't know what that will be from one month to the next let alone many years time. I would not want to try and work it all out that's for sure. I did see the orb says that their report does not include the end of last year which they now say trade with the EU was higher than predicted which would improve their calculations. Stuff that for a job
I could once upon a time have calculated the compound but my head decided it didn’t want to play so I’ll leave it at it’s bad from whichever starting point and end point you chose.
Yes, depending upon assumptions and calculation method, the result can come out as either BAD, or WORSE. There is now never any way that it can come out as good. Whatever the UK does now, it will be poorer than it would have been without Brexit for at least the lifetime of every child currently being born.
Per capita that's nonsense
Feel free to look up how we’ve recently slid down the per capita table. One great thing we have the greatest external debt apart from the USA so silver place there. Our debt is 50% more than Germany and France. Remember how long the Tories have been in power and then blame labour. The conservatives promise is to make everyone better off and yet after a decade we were worse off and now covid and Brexit piled on top.
The rich getting richer and the average worker getting more and more into debt is not good. We need to build more houses to drop the prices to stop so much of earnings going into bricks and mortar.
Interestingly statistics in Europes top 20 our per capita gave us a stubborn 12-10 place for twenty years until labour were in power under Tony Blair, when both our per capita and our economy grew.. We achieved 5-7th in the rankings over that period then dropped down from Brown not being able to control the banks. ( Austerity) We then dropped again to 11/12th. We had a brief positive ride up in 2012 to 2016 to 7th place but guess what after 2016 we crash back down to 12th again. Wonder what happened that year?
So under Tory governments we have been lagging behind and yet people still think they are better with the economy. When will people realise they are not interested in the working population apart from being kept in their place.
Average worker getting more and more into debt? Not that I'm aware of and your statistics can be massaged to suit your argument
lol . The statistics are issued by the government.
If house prices are increasing by more than wages do you understand what that means in relation to the amount of borrowing needed for a mortgage? Tax increases and inflation on food just make it even worse.
I understand completely and I am able to deal with it as are pretty much the majority of individuals "
If we all paid the same percentage you wouldn’t have to manage so much and whilst you may manage public services don’t as they just receive less. I’ve done well in life but that doesn’t mean I don’t care about those who struggle or are you saying you’re alright Jack? |
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