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Fastest growing economy in the EU
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Depressing news for all those who hate their country and never bypass any opportunity to criticise it.
The UK has the fastest growing economy in the G7. From the IMF world outlook GDP growth 2022. . UK growth. 3.6 % , Germany. 1.5 % , Japan 1.7 %.
Apologies to the merchants of doom and gloom who love in run the UK down at ever conceivable opportunity.
Unemployment is also at an all time low. |
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"Depressing news for all those who hate their country and never bypass any opportunity to criticise it.
The UK has the fastest growing economy in the G7. From the IMF world outlook GDP growth 2022. . UK growth. 3.6 % , Germany. 1.5 % , Japan 1.7 %.
Apologies to the merchants of doom and gloom who love in run the UK down at ever conceivable opportunity.
Unemployment is also at an all time low. "
Weird. I thought the UK had left the EU.
I just double checked. We definitely have. |
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By (user no longer on site)
over a year ago
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"Depressing news for all those who hate their country and never bypass any opportunity to criticise it.
The UK has the fastest growing economy in the G7. From the IMF world outlook GDP growth 2022. . UK growth. 3.6 % , Germany. 1.5 % , Japan 1.7 %.
Apologies to the merchants of doom and gloom who love in run the UK down at ever conceivable opportunity.
Unemployment is also at an all time low.
Weird. I thought the UK had left the EU.
I just double checked. We definitely have."
Mr Hay said G7, not EU. Different organisations. |
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By (user no longer on site)
over a year ago
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"Depressing news for all those who hate their country and never bypass any opportunity to criticise it.
The UK has the fastest growing economy in the G7. From the IMF world outlook GDP growth 2022. . UK growth. 3.6 % , Germany. 1.5 % , Japan 1.7 %.
Apologies to the merchants of doom and gloom who love in run the UK down at ever conceivable opportunity.
Unemployment is also at an all time low.
Weird. I thought the UK had left the EU.
I just double checked. We definitely have.
Mr Hay said G7, not EU. Different organisations. "
Read the title of the thread |
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By (user no longer on site)
over a year ago
|
"Depressing news for all those who hate their country and never bypass any opportunity to criticise it.
The UK has the fastest growing economy in the G7. From the IMF world outlook GDP growth 2022. . UK growth. 3.6 % , Germany. 1.5 % , Japan 1.7 %.
Apologies to the merchants of doom and gloom who love in run the UK down at ever conceivable opportunity.
Unemployment is also at an all time low.
Weird. I thought the UK had left the EU.
I just double checked. We definitely have."
Apologies, he did get the thread heading wrong. I was referring to the actual post. |
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"Fastest growing from the lowest base so far more ground to make up. No good being fast if already 100 miles behind."
. Any evidence to support that or why do you think we would be behind in the first instance ?
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By (user no longer on site)
over a year ago
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"Fastest growing from the lowest base so far more ground to make up. No good being fast if already 100 miles behind.. Any evidence to support that or why do you think we would be behind in the first instance ? "
The IMF has also predicted that inflation will persist longer in the UK than other similar economies
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By (user no longer on site)
over a year ago
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"Fastest growing from the lowest base so far more ground to make up. No good being fast if already 100 miles behind.. Any evidence to support that or why do you think we would be behind in the first instance ? "
The IMF also predicted weak growth for the UK next year at 0.3 % |
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"Depressing news for all those who hate their country and never bypass any opportunity to criticise it.
The UK has the fastest growing economy in the G7. From the IMF world outlook GDP growth 2022. . UK growth. 3.6 % , Germany. 1.5 % , Japan 1.7 %.
Apologies to the merchants of doom and gloom who love in run the UK down at ever conceivable opportunity.
Unemployment is also at an all time low.
Weird. I thought the UK had left the EU.
I just double checked. We definitely have.
Mr Hay said G7, not EU. Different organisations. "
"Fastest growing economy in the EU" - Mr Hay (comedy genius). |
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By (user no longer on site)
over a year ago
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"Fastest growing from the lowest base so far more ground to make up. No good being fast if already 100 miles behind.. Any evidence to support that or why do you think we would be behind in the first instance ? "
Look at the table of figures of the leading economies GDP. Look at the 2015 for each country then 2020. Most of the other countries US, China, Germany, Japan, India and France grew. The UK decreased. |
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By (user no longer on site)
over a year ago
|
"Fastest growing from the lowest base so far more ground to make up. No good being fast if already 100 miles behind.. Any evidence to support that or why do you think we would be behind in the first instance ?
Look at the table of figures of the leading economies GDP. Look at the 2015 for each country then 2020. Most of the other countries US, China, Germany, Japan, India and France grew. The UK decreased."
Sorry forgot to add the link. https://en.m.wikipedia.org/wiki/List_of_countries_by_largest_historical_GDP |
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By *ackal1Couple
over a year ago
Manchester |
"Depressing news for all those who hate their country and never bypass any opportunity to criticise it.
The UK has the fastest growing economy in the G7. From the IMF world outlook GDP growth 2022. . UK growth. 3.6 % , Germany. 1.5 % , Japan 1.7 %.
Apologies to the merchants of doom and gloom who love in run the UK down at ever conceivable opportunity.
Unemployment is also at an all time low. "
Shame you didn’t read and repeat the full IMF report. The telegraph didn’t repeat it in full either.
Our GDP has still not recovered to pre pandemic levels yet, unlike all other G7 countries.
Our inflation is set to remain higher for longer than any other G7 country, only Slovakia will be higher in the EU for comparison.
Our GDP increase also reflects our oil and Gas exports. The war in Ukraine remember that?
Into 2023 our GDP growth will slip to the lowest of the G7 and stay there for the foreseeable future.
The government are looking at having to find £62b of cuts to public services to fund their latest disastrous budget.
Mortgage rates if your offer hasn’t been withdrawn altogether are now increasing again.
The Bank of England has had to intervene yet again today. Without their intervention some pension fund investments would not service their bank loans used to purchase said investments and a great swathe of pension funds would have become insolvent and collapsed. The BOE had to intervene to save peoples pensions because of the actions of this government. You need to seriously worry what the fuckwitts in No10 do next if you have a pension fund.
As for unemployment yes it’s lower but there are hundreds of thousands less people working than before the pandemic, not more jobs. Taking into account the loss of tax revenue Is that good too? Having less people working or available to work is proving to be a disaster for business.
Cherry picking a single line doesn’t really give the full picture does it! But you could get a job at the Daily Mail for a misleading statement like that.
Truss and her cabinet are as incredible as it sounds worse than Boris.
I want to praise and be proud of my country. There is no chance of that until we have a change of government . The right wing rabid bunch in charge now are making things worse on a daily basis. Just incompetent.
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"Fastest growing from the lowest base so far more ground to make up. No good being fast if already 100 miles behind.. Any evidence to support that or why do you think we would be behind in the first instance ? "
Does real life, and the real world count as "evidence"? Or are we only working with catchphrases. |
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By *irldnCouple
over a year ago
Brighton |
Hay Pat (see what I did there  )
I think you have backed the wrong horse (Indid it again)...
Tonight's 1922 meeting sounds pretty dire. One MP said: "the mood was honestly funereal, horrendous. I was shocked at how brutal it was".
Truss took sharp criticism on mortgages, polling and her economic record. Another MP, "there was a sense this just can't go on"
Several MPs say tonight’s 1922 was the worst they experienced and it failed to calm the mood.
One said that the mood reflected that Truss had “no authority” among MPs:
“At least a couple of times, there was a ripple of chatter going on at back while she was still talking”
So much winning!!!!! |
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"By the sounds of it she got a bit of an ear bashing, she wasn't exactly popular when the process to elect her stated amongst the back benchers and yes she won but what a mess since then.."
MPs no doubt thinking about how much more comfortable the frying pan was 
Party members to MPs - don’t blame us, you put us in this situation !
|
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"By the sounds of it she got a bit of an ear bashing, she wasn't exactly popular when the process to elect her stated amongst the back benchers and yes she won but what a mess since then..
MPs no doubt thinking about how much more comfortable the frying pan was
Party members to MPs - don’t blame us, you put us in this situation !
"
Like a game of pass the shit parcel or should that be parcel of shit..
Sunak certainly seems the better option now.. |
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"Depressing news for all those who hate their country and never bypass any opportunity to criticise it.
The UK has the fastest growing economy in the G7. From the IMF world outlook GDP growth 2022. . UK growth. 3.6 % , Germany. 1.5 % , Japan 1.7 %.
Apologies to the merchants of doom and gloom who love in run the UK down at ever conceivable opportunity.
Unemployment is also at an all time low.
Shame you didn’t read and repeat the full IMF report. The telegraph didn’t repeat it in full either.
Our GDP has still not recovered to pre pandemic levels yet, unlike all other G7 countries.
Our inflation is set to remain higher for longer than any other G7 country, only Slovakia will be higher in the EU for comparison.
Our GDP increase also reflects our oil and Gas exports. The war in Ukraine remember that?
Into 2023 our GDP growth will slip to the lowest of the G7 and stay there for the foreseeable future.
The government are looking at having to find £62b of cuts to public services to fund their latest disastrous budget.
Mortgage rates if your offer hasn’t been withdrawn altogether are now increasing again.
The Bank of England has had to intervene yet again today. Without their intervention some pension fund investments would not service their bank loans used to purchase said investments and a great swathe of pension funds would have become insolvent and collapsed. The BOE had to intervene to save peoples pensions because of the actions of this government. You need to seriously worry what the fuckwitts in No10 do next if you have a pension fund.
As for unemployment yes it’s lower but there are hundreds of thousands less people working than before the pandemic, not more jobs. Taking into account the loss of tax revenue Is that good too? Having less people working or available to work is proving to be a disaster for business.
Cherry picking a single line doesn’t really give the full picture does it! But you could get a job at the Daily Mail for a misleading statement like that.
Truss and her cabinet are as incredible as it sounds worse than Boris.
I want to praise and be proud of my country. There is no chance of that until we have a change of government . The right wing rabid bunch in charge now are making things worse on a daily basis. Just incompetent.
"
A few things on this.
The gdp not recovering.
The ons changed its historical deflator. They use this to strip out Prince increases from gdp to better reflect increases trade. This has had the effect of reducing gdp by about 1% as we had recovered past pre pandemic levels. Other coutnries have not followed suit sadly. Making comparability poor. The other countries have also chosen not to follow output indictors( the oecd request on service indicators as yet which are more accurate. But have stuck with the under estimating deflator still.
The imf report doesn't really touch on inflation for the total g7 and dividing e.u. I assume you mean their separate cpi inflation.
Cpih is the more accurate here. But also the current cpi calculation are way off from imf calculations with it having already jumped up 2% more than calculated by the imf.
Gdp growth in 2023 as of the latest imf report is categorically not estimated to be the worst. That's Italy and Germany.
I dont know where you got the 62bn figure from. Please expand. Their expenditure doesn't match that figure.
I have explained on a separate thread the intervention of the bofe. They needed to raise interest rates earlier ( 2020) and the pensions regulator should have never let investment funds borrow so much at such low rates. Again. The uk isn't the only 1 stepping in here. The ecb holds about $9.8trn of gov debt. The uk about $1.2trn.
The increase in gilts has pretty much matched those increases seen in other countries and if the bank continues to intervene they will go lower. But ideally they shouldn't have to. This is nothing to do with thecurrent government but poor monetary policy and fiscal policy for 2 years.
Regarding less people working than before. I suggest you actually read the LFS survey. More people are in PAYE.
THE LFS estimates those in self employment. Even that admits it used to get and 88% response rate. When covid occurred they weren't allowed to survey. They talk to 3000 people roughly each quarter asking if they are still self employed. The respondents went down to 12% during covid. Its currently around 30% . I wouldnt hang my hat on the LFS being anywhere near accurate. Unless you think for some reason all plumbers,cafe owners, tilers suddenly stopped working.
I hope some of this helps you understand the compilation and comparability of the data. |
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"Depressing news for all those who hate their country and never bypass any opportunity to criticise it.
The UK has the fastest growing economy in the G7. From the IMF world outlook GDP growth 2022. . UK growth. 3.6 % , Germany. 1.5 % , Japan 1.7 %.
Apologies to the merchants of doom and gloom who love in run the UK down at ever conceivable opportunity.
Unemployment is also at an all time low.
Shame you didn’t read and repeat the full IMF report. The telegraph didn’t repeat it in full either.
Our GDP has still not recovered to pre pandemic levels yet, unlike all other G7 countries.
Our inflation is set to remain higher for longer than any other G7 country, only Slovakia will be higher in the EU for comparison.
Our GDP increase also reflects our oil and Gas exports. The war in Ukraine remember that?
Into 2023 our GDP growth will slip to the lowest of the G7 and stay there for the foreseeable future.
The government are looking at having to find £62b of cuts to public services to fund their latest disastrous budget.
Mortgage rates if your offer hasn’t been withdrawn altogether are now increasing again.
The Bank of England has had to intervene yet again today. Without their intervention some pension fund investments would not service their bank loans used to purchase said investments and a great swathe of pension funds would have become insolvent and collapsed. The BOE had to intervene to save peoples pensions because of the actions of this government. You need to seriously worry what the fuckwitts in No10 do next if you have a pension fund.
As for unemployment yes it’s lower but there are hundreds of thousands less people working than before the pandemic, not more jobs. Taking into account the loss of tax revenue Is that good too? Having less people working or available to work is proving to be a disaster for business.
Cherry picking a single line doesn’t really give the full picture does it! But you could get a job at the Daily Mail for a misleading statement like that.
Truss and her cabinet are as incredible as it sounds worse than Boris.
I want to praise and be proud of my country. There is no chance of that until we have a change of government . The right wing rabid bunch in charge now are making things worse on a daily basis. Just incompetent.
A few things on this.
The gdp not recovering.
The ons changed its historical deflator. They use this to strip out Prince increases from gdp to better reflect increases trade. This has had the effect of reducing gdp by about 1% as we had recovered past pre pandemic levels. Other coutnries have not followed suit sadly. Making comparability poor. The other countries have also chosen not to follow output indictors( the oecd request on service indicators as yet which are more accurate. But have stuck with the under estimating deflator still.
The imf report doesn't really touch on inflation for the total g7 and dividing e.u. I assume you mean their separate cpi inflation.
Cpih is the more accurate here. But also the current cpi calculation are way off from imf calculations with it having already jumped up 2% more than calculated by the imf.
Gdp growth in 2023 as of the latest imf report is categorically not estimated to be the worst. That's Italy and Germany.
I dont know where you got the 62bn figure from. Please expand. Their expenditure doesn't match that figure.
I have explained on a separate thread the intervention of the bofe. They needed to raise interest rates earlier ( 2020) and the pensions regulator should have never let investment funds borrow so much at such low rates. Again. The uk isn't the only 1 stepping in here. The ecb holds about $9.8trn of gov debt. The uk about $1.2trn.
The increase in gilts has pretty much matched those increases seen in other countries and if the bank continues to intervene they will go lower. But ideally they shouldn't have to. This is nothing to do with thecurrent government but poor monetary policy and fiscal policy for 2 years.
Regarding less people working than before. I suggest you actually read the LFS survey. More people are in PAYE.
THE LFS estimates those in self employment. Even that admits it used to get and 88% response rate. When covid occurred they weren't allowed to survey. They talk to 3000 people roughly each quarter asking if they are still self employed. The respondents went down to 12% during covid. Its currently around 30% . I wouldnt hang my hat on the LFS being anywhere near accurate. Unless you think for some reason all plumbers,cafe owners, tilers suddenly stopped working.
I hope some of this helps you understand the compilation and comparability of the data. "
But what in layman’s terms does all that mean? |
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"Depressing news for all those who hate their country and never bypass any opportunity to criticise it.
The UK has the fastest growing economy in the G7. From the IMF world outlook GDP growth 2022. . UK growth. 3.6 % , Germany. 1.5 % , Japan 1.7 %.
Apologies to the merchants of doom and gloom who love in run the UK down at ever conceivable opportunity.
Unemployment is also at an all time low.
Shame you didn’t read and repeat the full IMF report. The telegraph didn’t repeat it in full either.
Our GDP has still not recovered to pre pandemic levels yet, unlike all other G7 countries.
Our inflation is set to remain higher for longer than any other G7 country, only Slovakia will be higher in the EU for comparison.
Our GDP increase also reflects our oil and Gas exports. The war in Ukraine remember that?
Into 2023 our GDP growth will slip to the lowest of the G7 and stay there for the foreseeable future.
The government are looking at having to find £62b of cuts to public services to fund their latest disastrous budget.
Mortgage rates if your offer hasn’t been withdrawn altogether are now increasing again.
The Bank of England has had to intervene yet again today. Without their intervention some pension fund investments would not service their bank loans used to purchase said investments and a great swathe of pension funds would have become insolvent and collapsed. The BOE had to intervene to save peoples pensions because of the actions of this government. You need to seriously worry what the fuckwitts in No10 do next if you have a pension fund.
As for unemployment yes it’s lower but there are hundreds of thousands less people working than before the pandemic, not more jobs. Taking into account the loss of tax revenue Is that good too? Having less people working or available to work is proving to be a disaster for business.
Cherry picking a single line doesn’t really give the full picture does it! But you could get a job at the Daily Mail for a misleading statement like that.
Truss and her cabinet are as incredible as it sounds worse than Boris.
I want to praise and be proud of my country. There is no chance of that until we have a change of government . The right wing rabid bunch in charge now are making things worse on a daily basis. Just incompetent.
A few things on this.
The gdp not recovering.
The ons changed its historical deflator. They use this to strip out Prince increases from gdp to better reflect increases trade. This has had the effect of reducing gdp by about 1% as we had recovered past pre pandemic levels. Other coutnries have not followed suit sadly. Making comparability poor. The other countries have also chosen not to follow output indictors( the oecd request on service indicators as yet which are more accurate. But have stuck with the under estimating deflator still.
The imf report doesn't really touch on inflation for the total g7 and dividing e.u. I assume you mean their separate cpi inflation.
Cpih is the more accurate here. But also the current cpi calculation are way off from imf calculations with it having already jumped up 2% more than calculated by the imf.
Gdp growth in 2023 as of the latest imf report is categorically not estimated to be the worst. That's Italy and Germany.
I dont know where you got the 62bn figure from. Please expand. Their expenditure doesn't match that figure.
I have explained on a separate thread the intervention of the bofe. They needed to raise interest rates earlier ( 2020) and the pensions regulator should have never let investment funds borrow so much at such low rates. Again. The uk isn't the only 1 stepping in here. The ecb holds about $9.8trn of gov debt. The uk about $1.2trn.
The increase in gilts has pretty much matched those increases seen in other countries and if the bank continues to intervene they will go lower. But ideally they shouldn't have to. This is nothing to do with thecurrent government but poor monetary policy and fiscal policy for 2 years.
Regarding less people working than before. I suggest you actually read the LFS survey. More people are in PAYE.
THE LFS estimates those in self employment. Even that admits it used to get and 88% response rate. When covid occurred they weren't allowed to survey. They talk to 3000 people roughly each quarter asking if they are still self employed. The respondents went down to 12% during covid. Its currently around 30% . I wouldnt hang my hat on the LFS being anywhere near accurate. Unless you think for some reason all plumbers,cafe owners, tilers suddenly stopped working.
I hope some of this helps you understand the compilation and comparability of the data.
But what in layman’s terms does all that mean? "
Imf inflation comparison is a dud. They got is wrong by 2% for thisnlast months line for Germany and the inflation claim isn't in the report being cited but a separate one.
Cpi is not a good comparison as different countries use different goods.
The uk is predicted for more growth than 2 g7 economies in 2023. So that point was a lie
The bofe didn't intervene because of tne gov budhet but because of lack of intervention 2 years ago.
Employment is likely higher.citing the Labour force survey is dumb. As respondents have dropped significantly. Even the survey report admits its severe limitations.
People should read past headlines. And read the data and reports themselves. Not just use a headline for their confirmation bias from the mail, guardian, express or financial times. |
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By *irldnCouple
over a year ago
Brighton |
"We dropped 4% GDP leaving the EU so any increass has to be seen in the context of lower stating position.
"
AND that would be a permanent 4%. So it not only has to be replaced just to get back to where we were, but has to be replaced every year. |
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"We dropped 4% GDP leaving the EU so any increass has to be seen in the context of lower stating position.
AND that would be a permanent 4%. So it not only has to be replaced just to get back to where we were, but has to be replaced every year."
Precisely |
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"We dropped 4% GDP leaving the EU so any increass has to be seen in the context of lower stating position.
AND that would be a permanent 4%. So it not only has to be replaced just to get back to where we were, but has to be replaced every year."
Totally agree, your only hope is gaining access to Markets like India with huge internal consumption, unless this happens, no hope for UK to gain the same powerful position considering Corporation tax is gonna be 25 percent highest in entire EU |
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"We dropped 4% GDP leaving the EU so any increass has to be seen in the context of lower stating position.
"
No
The uk didn't drop 4% of gdp leaving the e.u. they were estimations of growth from a several 2016 forecasts. That expected the uk to grow from between 4-10% by 2022.
The uk failed to reach the average of those forecasts by 4%
France failed by 3.2 % Germany by 3.4% on the e.u a d imf forecasts.
You can at best contribute about 1% to brexit. |
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"We dropped 4% GDP leaving the EU so any increass has to be seen in the context of lower stating position.
AND that would be a permanent 4%. So it not only has to be replaced just to get back to where we were, but has to be replaced every year."
No. The uk gdp didn't drop.
This was a forecast growth until 2022.
Uk gdp grew I those years. Just bot as quickly as forecasters thought. But then again. Neither did any if the g7 but the comparable e.u economies France and Germany didn't hit forecasts of growth from 2016- 2022 by over 3% either.
Those countries didn't brexit.
People put too much hipe in forecasts.
The information predicted just 3 o ths ago Germany would grow 0.8% in 2023.
It's now forecasting a recession of 0.3% in 2023.
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"Depressing news for all those who hate their country and never bypass any opportunity to criticise it.
The UK has the fastest growing economy in the G7. From the IMF world outlook GDP growth 2022. . UK growth. 3.6 % , Germany. 1.5 % , Japan 1.7 %.
Apologies to the merchants of doom and gloom who love in run the UK down at ever conceivable opportunity.
Unemployment is also at an all time low. "
I don't hate my country. I hate that it's governed by numbskulls who pander to people like you. |
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"Depressing news for all those who hate their country and never bypass any opportunity to criticise it.
The UK has the fastest growing economy in the G7. From the IMF world outlook GDP growth 2022. . UK growth. 3.6 % , Germany. 1.5 % , Japan 1.7 %.
Apologies to the merchants of doom and gloom who love in run the UK down at ever conceivable opportunity.
Unemployment is also at an all time low.
I don't hate my country. I hate that it's governed by numbskulls who pander to people like you."
. Maybe you have perfectly illustrated why the Conservativre keep winning power. Describing people who have fought hard to gain seats and were elected by the genera public as numbskulls is hardly an attractive attitude and is unlikely to convince the electorate of the validity of your argument |
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By *9alMan
over a year ago
Bridgend |
"Depressing news for all those who hate their country and never bypass any opportunity to criticise it.
The UK has the fastest growing economy in the G7. From the IMF world outlook GDP growth 2022. . UK growth. 3.6 % , Germany. 1.5 % , Japan 1.7 %.
Apologies to the merchants of doom and gloom who love in run the UK down at ever conceivable opportunity.
Unemployment is also at an all time low.
I don't hate my country. I hate that it's governed by numbskulls who pander to people like you.. Maybe you have perfectly illustrated why the Conservativre keep winning power. Describing people who have fought hard to gain seats and were elected by the genera public as numbskulls is hardly an attractive attitude and is unlikely to convince the electorate of the validity of your argument "
when was Japan in the EU? |
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"Depressing news for all those who hate their country and never bypass any opportunity to criticise it.
The UK has the fastest growing economy in the G7. From the IMF world outlook GDP growth 2022. . UK growth. 3.6 % , Germany. 1.5 % , Japan 1.7 %.
Apologies to the merchants of doom and gloom who love in run the UK down at ever conceivable opportunity.
Unemployment is also at an all time low.
I don't hate my country. I hate that it's governed by numbskulls who pander to people like you.. Maybe you have perfectly illustrated why the Conservativre keep winning power. Describing people who have fought hard to gain seats and were elected by the genera public as numbskulls is hardly an attractive attitude and is unlikely to convince the electorate of the validity of your argument "
So the Tories are in power because people don't like being called "numbskulls" for voting against their own interests?
Amazing. |
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"So the Tories are in power because people don't like being called "numbskulls" for voting against their own interests?
Amazing."
Does this mean that all those Tory party members that voted for Rishi Sunak and his planned tax increases are numbskulls, because more taxes isn't in their own interest?
Do we further have to conclude that all the Tory party members that voted for Liz Truss are the clever ones, because she promised lower taxes, and that is in their own interests? |
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Doesn’t it just reflect the polarisation of society after 12 years of Tory austerity? By which I mean that the Tory party members who voted for Truss against the wishes of two thirds of their own MPs are living separate lives, where they only interact with people like themselves (blame it on Ocado deliveries, Amazon, Facebook etc) that mean that they don’t have to have any experience of normal life and so don’t have any challenges to their way of life. |
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"Doesn’t it just reflect the polarisation of society after 12 years of Tory austerity? By which I mean that the Tory party members who voted for Truss against the wishes of two thirds of their own MPs are living separate lives, where they only interact with people like themselves (blame it on Ocado deliveries, Amazon, Facebook etc) that mean that they don’t have to have any experience of normal life and so don’t have any challenges to their way of life. "
Just and FYI.
I know headlines like to use the words austerity.
But the uk has never used it. Austerity is cutting spending vs prior years and increasing taxes.
Personal allowance went up, personal tax rates went down, Corp tax went down.
Public spending has increased yoy.
What we did was something called fiscal consolidation.
I am sorry to say the economic definition of austerity has not happened in the uk.
Also. Austerity was a measure the e.u commission wanted imposed on ALL of its constituent memebers |
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By *uietbloke67Man
over a year ago
outside your bedroom window ;-) |
"Doesn’t it just reflect the polarisation of society after 12 years of Tory austerity? By which I mean that the Tory party members who voted for Truss against the wishes of two thirds of their own MPs are living separate lives, where they only interact with people like themselves (blame it on Ocado deliveries, Amazon, Facebook etc) that mean that they don’t have to have any experience of normal life and so don’t have any challenges to their way of life.
Just and FYI.
I know headlines like to use the words austerity.
But the uk has never used it. Austerity is cutting spending vs prior years and increasing taxes.
Personal allowance went up, personal tax rates went down, Corp tax went down.
Public spending has increased yoy.
What we did was something called fiscal consolidation.
I am sorry to say the economic definition of austerity has not happened in the uk.
Also. Austerity was a measure the e.u commission wanted imposed on ALL of its constituent memebers"
Mate do you live in Happy Land  |
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By *eroy1000Man
over a year ago
milton keynes |
"Depressing news for all those who hate their country and never bypass any opportunity to criticise it.
The UK has the fastest growing economy in the G7. From the IMF world outlook GDP growth 2022. . UK growth. 3.6 % , Germany. 1.5 % , Japan 1.7 %.
Apologies to the merchants of doom and gloom who love in run the UK down at ever conceivable opportunity.
Unemployment is also at an all time low.
I don't hate my country. I hate that it's governed by numbskulls who pander to people like you.. Maybe you have perfectly illustrated why the Conservativre keep winning power. Describing people who have fought hard to gain seats and were elected by the genera public as numbskulls is hardly an attractive attitude and is unlikely to convince the electorate of the validity of your argument
when was Japan in the EU? "
Looks like the OP mixes up EU and G7 looking at the title and then the post. I assume they are quoting the IMF report that shows the UK growth is higher than others in the G7, higher than the world average and higher than the group of advanced nations. I am guessing that as the report shows the UK also higher than France and Germany they take it as the EU, which of course would be wrong. I think it shows higher than the euro area so maybe that's the mix up. Either way, whatever the figures, it does not feel great and the latest debacle does not help |
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"Depressing news for all those who hate their country and never bypass any opportunity to criticise it.
The UK has the fastest growing economy in the G7. From the IMF world outlook GDP growth 2022. . UK growth. 3.6 % , Germany. 1.5 % , Japan 1.7 %.
Apologies to the merchants of doom and gloom who love in run the UK down at ever conceivable opportunity.
Unemployment is also at an all time low.
I don't hate my country. I hate that it's governed by numbskulls who pander to people like you.. Maybe you have perfectly illustrated why the Conservativre keep winning power. Describing people who have fought hard to gain seats and were elected by the genera public as numbskulls is hardly an attractive attitude and is unlikely to convince the electorate of the validity of your argument
when was Japan in the EU?
Looks like the OP mixes up EU and G7 looking at the title and then the post. I assume they are quoting the IMF report that shows the UK growth is higher than others in the G7, higher than the world average and higher than the group of advanced nations. I am guessing that as the report shows the UK also higher than France and Germany they take it as the EU, which of course would be wrong. I think it shows higher than the euro area so maybe that's the mix up. Either way, whatever the figures, it does not feel great and the latest debacle does not help"
The interesting thing about the OP is how easy it is for people to be fooled.
Liz wrecks the economy, it recovers somewhat, and during that brief recovery window, the upward trend looks really good. In context, were performing really badly. |
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By *rHotNottsMan
over a year ago
Dubai & Nottingham |
"Fastest growing from the lowest base so far more ground to make up. No good being fast if already 100 miles behind.. Any evidence to support that or why do you think we would be behind in the first instance ? "
This was actually analysed on R4 fact check. Depending on the two points in time selected, a year, a quarter, 2-3 quarters and then picking a really low point as the base, uk economy can surprising be shown in a good light - but anyone with a brain cell knows it’s right wing click bait
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By *eroy1000Man
over a year ago
milton keynes |
"Depressing news for all those who hate their country and never bypass any opportunity to criticise it.
The UK has the fastest growing economy in the G7. From the IMF world outlook GDP growth 2022. . UK growth. 3.6 % , Germany. 1.5 % , Japan 1.7 %.
Apologies to the merchants of doom and gloom who love in run the UK down at ever conceivable opportunity.
Unemployment is also at an all time low.
I don't hate my country. I hate that it's governed by numbskulls who pander to people like you.. Maybe you have perfectly illustrated why the Conservativre keep winning power. Describing people who have fought hard to gain seats and were elected by the genera public as numbskulls is hardly an attractive attitude and is unlikely to convince the electorate of the validity of your argument
when was Japan in the EU?
Looks like the OP mixes up EU and G7 looking at the title and then the post. I assume they are quoting the IMF report that shows the UK growth is higher than others in the G7, higher than the world average and higher than the group of advanced nations. I am guessing that as the report shows the UK also higher than France and Germany they take it as the EU, which of course would be wrong. I think it shows higher than the euro area so maybe that's the mix up. Either way, whatever the figures, it does not feel great and the latest debacle does not help
The interesting thing about the OP is how easy it is for people to be fooled.
Liz wrecks the economy, it recovers somewhat, and during that brief recovery window, the upward trend looks really good. In context, were performing really badly. "
I believe the IMF report pre dates the latest Liz saga and is for the whole year compared to other countries also for the whole year on a like for like basis. Not sure what the IMF track record on this sort of thing is. Sometimes you see reports that look good but it's often due to the time frame of what they are looking at. I.e. choose a low figure as a start point. However on this occasion the IMF seem to have just done it on a standard calender year. As I say, I wish it felt as good as it sounds |
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"Depressing news for all those who hate their country and never bypass any opportunity to criticise it.
The UK has the fastest growing economy in the G7. From the IMF world outlook GDP growth 2022. . UK growth. 3.6 % , Germany. 1.5 % , Japan 1.7 %.
Apologies to the merchants of doom and gloom who love in run the UK down at ever conceivable opportunity.
Unemployment is also at an all time low.
I don't hate my country. I hate that it's governed by numbskulls who pander to people like you.. Maybe you have perfectly illustrated why the Conservativre keep winning power. Describing people who have fought hard to gain seats and were elected by the genera public as numbskulls is hardly an attractive attitude and is unlikely to convince the electorate of the validity of your argument
when was Japan in the EU?
Looks like the OP mixes up EU and G7 looking at the title and then the post. I assume they are quoting the IMF report that shows the UK growth is higher than others in the G7, higher than the world average and higher than the group of advanced nations. I am guessing that as the report shows the UK also higher than France and Germany they take it as the EU, which of course would be wrong. I think it shows higher than the euro area so maybe that's the mix up. Either way, whatever the figures, it does not feel great and the latest debacle does not help
The interesting thing about the OP is how easy it is for people to be fooled.
Liz wrecks the economy, it recovers somewhat, and during that brief recovery window, the upward trend looks really good. In context, were performing really badly.
I believe the IMF report pre dates the latest Liz saga and is for the whole year compared to other countries also for the whole year on a like for like basis. Not sure what the IMF track record on this sort of thing is. Sometimes you see reports that look good but it's often due to the time frame of what they are looking at. I.e. choose a low figure as a start point. However on this occasion the IMF seem to have just done it on a standard calender year. As I say, I wish it felt as good as it sounds"
Correct the imf report was done before liz came to be prime minister and announce her budget.
An example of the inaccuracy.
The imf was radiating and 0.8% growth for Germany in July.
It's not a -0.3% recession in october |
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By *ackal1Couple
over a year ago
Manchester |
"Depressing news for all those who hate their country and never bypass any opportunity to criticise it.
The UK has the fastest growing economy in the G7. From the IMF world outlook GDP growth 2022. . UK growth. 3.6 % , Germany. 1.5 % , Japan 1.7 %.
Apologies to the merchants of doom and gloom who love in run the UK down at ever conceivable opportunity.
Unemployment is also at an all time low.
Shame you didn’t read and repeat the full IMF report. The telegraph didn’t repeat it in full either.
Our GDP has still not recovered to pre pandemic levels yet, unlike all other G7 countries.
Our inflation is set to remain higher for longer than any other G7 country, only Slovakia will be higher in the EU for comparison.
Our GDP increase also reflects our oil and Gas exports. The war in Ukraine remember that?
Into 2023 our GDP growth will slip to the lowest of the G7 and stay there for the foreseeable future.
The government are looking at having to find £62b of cuts to public services to fund their latest disastrous budget.
Mortgage rates if your offer hasn’t been withdrawn altogether are now increasing again.
The Bank of England has had to intervene yet again today. Without their intervention some pension fund investments would not service their bank loans used to purchase said investments and a great swathe of pension funds would have become insolvent and collapsed. The BOE had to intervene to save peoples pensions because of the actions of this government. You need to seriously worry what the fuckwitts in No10 do next if you have a pension fund.
As for unemployment yes it’s lower but there are hundreds of thousands less people working than before the pandemic, not more jobs. Taking into account the loss of tax revenue Is that good too? Having less people working or available to work is proving to be a disaster for business.
Cherry picking a single line doesn’t really give the full picture does it! But you could get a job at the Daily Mail for a misleading statement like that.
Truss and her cabinet are as incredible as it sounds worse than Boris.
I want to praise and be proud of my country. There is no chance of that until we have a change of government . The right wing rabid bunch in charge now are making things worse on a daily basis. Just incompetent.
A few things on this.
The gdp not recovering.
The ons changed its historical deflator. They use this to strip out Prince increases from gdp to better reflect increases trade. This has had the effect of reducing gdp by about 1% as we had recovered past pre pandemic levels. Other coutnries have not followed suit sadly. Making comparability poor. The other countries have also chosen not to follow output indictors( the oecd request on service indicators as yet which are more accurate. But have stuck with the under estimating deflator still.
The imf report doesn't really touch on inflation for the total g7 and dividing e.u. I assume you mean their separate cpi inflation.
Cpih is the more accurate here. But also the current cpi calculation are way off from imf calculations with it having already jumped up 2% more than calculated by the imf.
Gdp growth in 2023 as of the latest imf report is categorically not estimated to be the worst. That's Italy and Germany.
I dont know where you got the 62bn figure from. Please expand. Their expenditure doesn't match that figure.
I have explained on a separate thread the intervention of the bofe. They needed to raise interest rates earlier ( 2020) and the pensions regulator should have never let investment funds borrow so much at such low rates. Again. The uk isn't the only 1 stepping in here. The ecb holds about $9.8trn of gov debt. The uk about $1.2trn.
The increase in gilts has pretty much matched those increases seen in other countries and if the bank continues to intervene they will go lower. But ideally they shouldn't have to. This is nothing to do with thecurrent government but poor monetary policy and fiscal policy for 2 years.
Regarding less people working than before. I suggest you actually read the LFS survey. More people are in PAYE.
THE LFS estimates those in self employment. Even that admits it used to get and 88% response rate. When covid occurred they weren't allowed to survey. They talk to 3000 people roughly each quarter asking if they are still self employed. The respondents went down to 12% during covid. Its currently around 30% . I wouldnt hang my hat on the LFS being anywhere near accurate. Unless you think for some reason all plumbers,cafe owners, tilers suddenly stopped working.
I hope some of this helps you understand the compilation and comparability of the data. "
Sorry I missed this reply.
Firstly, since liz and Kwasi intervened the numbers are all over the place so this is out of date and open for correction.
Simple ones first.
The number of people employed (PAYE) is what Boris trotted out repeatedly ignoring the fact considerably less people are working and therefore less tax contribution. The number of over 50s not going back to work alone is hundreds of thousand without counting those younger workers who have left the country. Yes a large number of small business owners have gone into employment. Maybe sone of those are the third of companies ( mostly small to SME’s) who have now stopped exporting to the EU.
The £62B was the estimate by the IMF of the whole in our finances created by the mini budget . When you add the BOE intervention of £65B due to major concerns over the large pension funds it’s looking pretty poor. The buying by the BOE can be sold but they can’t buy everything without impacting their financial limits.
I agree with your comment the BOE should have raised rates two years ago however, I do not believe that was the main issue causing such steeply higher gilt rates and mortgage prices. The trigger of the gilt rates and mortgages was the budget and that is undeniable. The withdrawal of mortgages was dramatic. Providers don’t do that on such a scale without provocation.
Our GDP Dropped 0.3 in August so the best growth in Europe is nonsense.
You were indeed correct on Italy and Germany as I quoted an April report so my fault. I think given our mess now this position may change for the worse.
On debt, ours is according to the ONS on 29April £2,365.4 billion at the end of Quarter 1 (Jan to Mar) 2022, equivalent to 99.6% of gross domestic product (GDP). it is rumoured state pension liability is under estimated but only rumoured. I can’t remember where I read this but 104% is anticipated soon.
One thing you did make me research is our GDP against oil prices. All oil exporting country’s GDPs are affected positively by rising prices except one.
According to the ECB the UK is an anomaly. When prices rise our GDP is negatively impacted and when prices drop its positive. . It is thought this is due to our lock into the Rotterdam pricing against our constant negative balance of payments.
I was totally ignorant of this and stand corrected on my view. Every day is a learning day.
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"Depressing news for all those who hate their country and never bypass any opportunity to criticise it.
The UK has the fastest growing economy in the G7. From the IMF world outlook GDP growth 2022. . UK growth. 3.6 % , Germany. 1.5 % , Japan 1.7 %.
Apologies to the merchants of doom and gloom who love in run the UK down at ever conceivable opportunity.
Unemployment is also at an all time low.
Shame you didn’t read and repeat the full IMF report. The telegraph didn’t repeat it in full either.
Our GDP has still not recovered to pre pandemic levels yet, unlike all other G7 countries.
Our inflation is set to remain higher for longer than any other G7 country, only Slovakia will be higher in the EU for comparison.
Our GDP increase also reflects our oil and Gas exports. The war in Ukraine remember that?
Into 2023 our GDP growth will slip to the lowest of the G7 and stay there for the foreseeable future.
The government are looking at having to find £62b of cuts to public services to fund their latest disastrous budget.
Mortgage rates if your offer hasn’t been withdrawn altogether are now increasing again.
The Bank of England has had to intervene yet again today. Without their intervention some pension fund investments would not service their bank loans used to purchase said investments and a great swathe of pension funds would have become insolvent and collapsed. The BOE had to intervene to save peoples pensions because of the actions of this government. You need to seriously worry what the fuckwitts in No10 do next if you have a pension fund.
As for unemployment yes it’s lower but there are hundreds of thousands less people working than before the pandemic, not more jobs. Taking into account the loss of tax revenue Is that good too? Having less people working or available to work is proving to be a disaster for business.
Cherry picking a single line doesn’t really give the full picture does it! But you could get a job at the Daily Mail for a misleading statement like that.
Truss and her cabinet are as incredible as it sounds worse than Boris.
I want to praise and be proud of my country. There is no chance of that until we have a change of government . The right wing rabid bunch in charge now are making things worse on a daily basis. Just incompetent.
A few things on this.
The gdp not recovering.
The ons changed its historical deflator. They use this to strip out Prince increases from gdp to better reflect increases trade. This has had the effect of reducing gdp by about 1% as we had recovered past pre pandemic levels. Other coutnries have not followed suit sadly. Making comparability poor. The other countries have also chosen not to follow output indictors( the oecd request on service indicators as yet which are more accurate. But have stuck with the under estimating deflator still.
The imf report doesn't really touch on inflation for the total g7 and dividing e.u. I assume you mean their separate cpi inflation.
Cpih is the more accurate here. But also the current cpi calculation are way off from imf calculations with it having already jumped up 2% more than calculated by the imf.
Gdp growth in 2023 as of the latest imf report is categorically not estimated to be the worst. That's Italy and Germany.
I dont know where you got the 62bn figure from. Please expand. Their expenditure doesn't match that figure.
I have explained on a separate thread the intervention of the bofe. They needed to raise interest rates earlier ( 2020) and the pensions regulator should have never let investment funds borrow so much at such low rates. Again. The uk isn't the only 1 stepping in here. The ecb holds about $9.8trn of gov debt. The uk about $1.2trn.
The increase in gilts has pretty much matched those increases seen in other countries and if the bank continues to intervene they will go lower. But ideally they shouldn't have to. This is nothing to do with thecurrent government but poor monetary policy and fiscal policy for 2 years.
Regarding less people working than before. I suggest you actually read the LFS survey. More people are in PAYE.
THE LFS estimates those in self employment. Even that admits it used to get and 88% response rate. When covid occurred they weren't allowed to survey. They talk to 3000 people roughly each quarter asking if they are still self employed. The respondents went down to 12% during covid. Its currently around 30% . I wouldnt hang my hat on the LFS being anywhere near accurate. Unless you think for some reason all plumbers,cafe owners, tilers suddenly stopped working.
I hope some of this helps you understand the compilation and comparability of the data.
Sorry I missed this reply.
Firstly, since liz and Kwasi intervened the numbers are all over the place so this is out of date and open for correction.
Simple ones first.
The number of people employed (PAYE) is what Boris trotted out repeatedly ignoring the fact considerably less people are working and therefore less tax contribution. The number of over 50s not going back to work alone is hundreds of thousand without counting those younger workers who have left the country. Yes a large number of small business owners have gone into employment. Maybe sone of those are the third of companies ( mostly small to SME’s) who have now stopped exporting to the EU.
The £62B was the estimate by the IMF of the whole in our finances created by the mini budget . When you add the BOE intervention of £65B due to major concerns over the large pension funds it’s looking pretty poor. The buying by the BOE can be sold but they can’t buy everything without impacting their financial limits.
I agree with your comment the BOE should have raised rates two years ago however, I do not believe that was the main issue causing such steeply higher gilt rates and mortgage prices. The trigger of the gilt rates and mortgages was the budget and that is undeniable. The withdrawal of mortgages was dramatic. Providers don’t do that on such a scale without provocation.
Our GDP Dropped 0.3 in August so the best growth in Europe is nonsense.
You were indeed correct on Italy and Germany as I quoted an April report so my fault. I think given our mess now this position may change for the worse.
On debt, ours is according to the ONS on 29April £2,365.4 billion at the end of Quarter 1 (Jan to Mar) 2022, equivalent to 99.6% of gross domestic product (GDP). it is rumoured state pension liability is under estimated but only rumoured. I can’t remember where I read this but 104% is anticipated soon.
One thing you did make me research is our GDP against oil prices. All oil exporting country’s GDPs are affected positively by rising prices except one.
According to the ECB the UK is an anomaly. When prices rise our GDP is negatively impacted and when prices drop its positive. . It is thought this is due to our lock into the Rotterdam pricing against our constant negative balance of payments.
I was totally ignorant of this and stand corrected on my view. Every day is a learning day.
"
I have already addressed your employment point . Please read thoroughly the breakdown of the labour force survey I gave.
The bofe didn't even buy half of the 65bn you quote. I suggest you read up again. The 62bn. I think you are attributing the IFS as the IMF these are 2 different entities one is a left wing think tank
The gilts rose the day before the mini budget and continued to rise on the day before it was announced mainly due to the bofe intimating it was going to begin it's QT
Yes the uk has dropped 0.3% in 1 month. But we are the only country doing mo they gdp. These are often changed as more data comes in Germanyitsly and general e.u pmis indicate that they are in a much worse position.
All state pensions are a mess I agree. We went from 4.2 workers per pensioner to just over 2. Pensions ages should jave increased the moment the NHS was founded and when they realised in the 70s that the life expectancy was no longer 65 but 78. But every country faces this problem..
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Thank you for the admissions on the corrections.
If I come across as curt. Its ore of s reflection of the constant made up numbers and lies on these threads I have to provide official sources of data for.
I had one person telling me yesterday we import gas from Norway via tankers and refused to admit they made it up when I supplied the ONS data showing no lng imports arrived from Norway via tankers.
They also claimed the usa was no longer delivering LNG and refused to apologise when I gave them the name of a boat from texas delivering it here today and to the port.
People can have a view on a political debate. But I've no idea why grown adults are lying and can't admit it. |
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By *ackal1Couple
over a year ago
Manchester |
"Thank you for the admissions on the corrections.
If I come across as curt. Its ore of s reflection of the constant made up numbers and lies on these threads I have to provide official sources of data for.
I had one person telling me yesterday we import gas from Norway via tankers and refused to admit they made it up when I supplied the ONS data showing no lng imports arrived from Norway via tankers.
They also claimed the usa was no longer delivering LNG and refused to apologise when I gave them the name of a boat from texas delivering it here today and to the port.
People can have a view on a political debate. But I've no idea why grown adults are lying and can't admit it."
I don’t take offence and am happy to admit when I’m wrong. I’ve got nothing to prove . It’s a bit of light hearted fun for me.
I’ll agree to disagree on the employment/working numbers.
The BOE have spent £19B so far but have had to set aside £65B for expected purchases. That will resolve over the next few weeks. As I mentioned the number is mute because they can off load the purchases. The worry is the BOE only runs with around £100B in funds so whilst it can top up at around £500m a year it’s not limitless funding.
The gilts rising prior was rumoured to be based on Kwasi leaking his thoughts during a chat prior to his minor fiscal event. No proof just rumours.
The £62B was definitely the IMF according to the FT.
If you detest the made up stuff and lies then you would tend to be calling out the OP for the post as it’s untrue and misleading.
As I said it’s just fun so feel free to rage as I won’t think you are a cunt at all I promise.
Have a good week .
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"Thank you for the admissions on the corrections.
If I come across as curt. Its ore of s reflection of the constant made up numbers and lies on these threads I have to provide official sources of data for.
I had one person telling me yesterday we import gas from Norway via tankers and refused to admit they made it up when I supplied the ONS data showing no lng imports arrived from Norway via tankers.
They also claimed the usa was no longer delivering LNG and refused to apologise when I gave them the name of a boat from texas delivering it here today and to the port.
People can have a view on a political debate. But I've no idea why grown adults are lying and can't admit it.
I don’t take offence and am happy to admit when I’m wrong. I’ve got nothing to prove . It’s a bit of light hearted fun for me.
I’ll agree to disagree on the employment/working numbers.
The BOE have spent £19B so far but have had to set aside £65B for expected purchases. That will resolve over the next few weeks. As I mentioned the number is mute because they can off load the purchases. The worry is the BOE only runs with around £100B in funds so whilst it can top up at around £500m a year it’s not limitless funding.
The gilts rising prior was rumoured to be based on Kwasi leaking his thoughts during a chat prior to his minor fiscal event. No proof just rumours.
The £62B was definitely the IMF according to the FT.
If you detest the made up stuff and lies then you would tend to be calling out the OP for the post as it’s untrue and misleading.
As I said it’s just fun so feel free to rage as I won’t think you are a cunt at all I promise.
Have a good week .
"
The bofe purchasing was only lasting 15 days.
Those 15 days have now passed
What rumour? Liz truss was elected on her pledge to reduce the halt the increase in corporation tax and ni. So it couldn't have been kn that assessment. Or it would habe happened on her being elected. But they waited u till the bofe interest rate announcement then immediately swung?
The 62 billion is only quoted as IFS. The IFS doesn't make such speculations. |
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"Thank you for the admissions on the corrections.
If I come across as curt. Its ore of s reflection of the constant made up numbers and lies on these threads I have to provide official sources of data for.
I had one person telling me yesterday we import gas from Norway via tankers and refused to admit they made it up when I supplied the ONS data showing no lng imports arrived from Norway via tankers.
They also claimed the usa was no longer delivering LNG and refused to apologise when I gave them the name of a boat from texas delivering it here today and to the port.
People can have a view on a political debate. But I've no idea why grown adults are lying and can't admit it.
I don’t take offence and am happy to admit when I’m wrong. I’ve got nothing to prove . It’s a bit of light hearted fun for me.
I’ll agree to disagree on the employment/working numbers.
The BOE have spent £19B so far but have had to set aside £65B for expected purchases. That will resolve over the next few weeks. As I mentioned the number is mute because they can off load the purchases. The worry is the BOE only runs with around £100B in funds so whilst it can top up at around £500m a year it’s not limitless funding.
The gilts rising prior was rumoured to be based on Kwasi leaking his thoughts during a chat prior to his minor fiscal event. No proof just rumours.
The £62B was definitely the IMF according to the FT.
If you detest the made up stuff and lies then you would tend to be calling out the OP for the post as it’s untrue and misleading.
As I said it’s just fun so feel free to rage as I won’t think you are a cunt at all I promise.
Have a good week .
"
Went back to see op.
The imf does predict the uk will be the fastest growing economy in its new outlook as well as the previous one. |
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So the question I have, given that the figures all seem to add up  , is why did Truss and KamiKwasi bottle it? There is a huge difference between the theoretical long term benefits of Brexit and the actual real time experience of it and six years have passed during which we have seen instability of supply lines and rising costs with no obvious extra benefit to small and sme businesses many of whom have had to cease trading with their EU customers due to increased cost and transport delays.
Now we have huge rises in the cost of mortgages, (if you can even get one), and the BofE having to support sterling with at least £15billion. Economic theory and lived experience are not the same and the arguments about lies told by posters on here seem a little pedantic even if you believe them (remember that thing called having a point of view?) |
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"So the question I have, given that the figures all seem to add up , is why did Truss and KamiKwasi bottle it? There is a huge difference between the theoretical long term benefits of Brexit and the actual real time experience of it and six years have passed during which we have seen instability of supply lines and rising costs with no obvious extra benefit to small and sme businesses many of whom have had to cease trading with their EU customers due to increased cost and transport delays.
Now we have huge rises in the cost of mortgages, (if you can even get one), and the BofE having to support sterling with at least £15billion. Economic theory and lived experience are not the same and the arguments about lies told by posters on here seem a little pedantic even if you believe them (remember that thing called having a point of view?)"
You are conflating 2 issues.
Fiscal policy is little to do with brexit. Thatsbjustbdaybto day politics and decisions. I've no idea why they reversed it. The market reached quite badly to the news.
Brexit has only happened for 2.5 years. And we've only been out the transition period for 18 months.
W ehave so far signed 2 trade deal, improved another. We will likely have acceded to cptpp by early next year. India trade deal a possibility in that time too. Canada, Mexico, Korean improvements. Re aligning your trade and drawing up FTAs is not an immediate process.
I feel the government also need to make a decision on alignment for financial services. The e.u has still not granted equivalency for the uk to trade in its market. Therefore. It might now simply be time to move on and trade for other countries.
This is where the government has fallen down for me. Tough decision meed to be made but the constant u turning and dilly dallying is poor.
|
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By (user no longer on site)
over a year ago
|
"So the question I have, given that the figures all seem to add up , is why did Truss and KamiKwasi bottle it? There is a huge difference between the theoretical long term benefits of Brexit and the actual real time experience of it and six years have passed during which we have seen instability of supply lines and rising costs with no obvious extra benefit to small and sme businesses many of whom have had to cease trading with their EU customers due to increased cost and transport delays.
Now we have huge rises in the cost of mortgages, (if you can even get one), and the BofE having to support sterling with at least £15billion. Economic theory and lived experience are not the same and the arguments about lies told by posters on here seem a little pedantic even if you believe them (remember that thing called having a point of view?)
You are conflating 2 issues.
Fiscal policy is little to do with brexit. Thatsbjustbdaybto day politics and decisions. I've no idea why they reversed it. The market reached quite badly to the news.
Brexit has only happened for 2.5 years. And we've only been out the transition period for 18 months.
W ehave so far signed 2 trade deal, improved another. We will likely have acceded to cptpp by early next year. India trade deal a possibility in that time too. Canada, Mexico, Korean improvements. Re aligning your trade and drawing up FTAs is not an immediate process.
I feel the government also need to make a decision on alignment for financial services. The e.u has still not granted equivalency for the uk to trade in its market. Therefore. It might now simply be time to move on and trade for other countries.
This is where the government has fallen down for me. Tough decision meed to be made but the constant u turning and dilly dallying is poor.
"
which FTA have we improved (and how?)
The two we have signed didn't sound great, or beneficial. India is looking unlikely (may be brinkmanship)
I agree tough decisions need to be made. And need to be made well. And that's the issue for me. We seem to lack skill. I can't tell if this is because the people aren't up to the job (eg because these roles have been outsourced for so long to the EU etc). Or because they are being given no time or have unskilled managers (egg ministers) asking them to deliver the impossible.
We may actually have the skills in FS because we drove many of the EU regulations. However that may also mean little change because we drove most of the regulation ! |
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"So the question I have, given that the figures all seem to add up , is why did Truss and KamiKwasi bottle it? There is a huge difference between the theoretical long term benefits of Brexit and the actual real time experience of it and six years have passed during which we have seen instability of supply lines and rising costs with no obvious extra benefit to small and sme businesses many of whom have had to cease trading with their EU customers due to increased cost and transport delays.
Now we have huge rises in the cost of mortgages, (if you can even get one), and the BofE having to support sterling with at least £15billion. Economic theory and lived experience are not the same and the arguments about lies told by posters on here seem a little pedantic even if you believe them (remember that thing called having a point of view?)
You are conflating 2 issues.
Fiscal policy is little to do with brexit. Thatsbjustbdaybto day politics and decisions. I've no idea why they reversed it. The market reached quite badly to the news.
Brexit has only happened for 2.5 years. And we've only been out the transition period for 18 months.
W ehave so far signed 2 trade deal, improved another. We will likely have acceded to cptpp by early next year. India trade deal a possibility in that time too. Canada, Mexico, Korean improvements. Re aligning your trade and drawing up FTAs is not an immediate process.
I feel the government also need to make a decision on alignment for financial services. The e.u has still not granted equivalency for the uk to trade in its market. Therefore. It might now simply be time to move on and trade for other countries.
This is where the government has fallen down for me. Tough decision meed to be made but the constant u turning and dilly dallying is poor.
"
So the reality of the situation is that nothing has improved then |
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|
By *oo hotCouple
over a year ago
North West |
"So the question I have, given that the figures all seem to add up , is why did Truss and KamiKwasi bottle it? There is a huge difference between the theoretical long term benefits of Brexit and the actual real time experience of it and six years have passed during which we have seen instability of supply lines and rising costs with no obvious extra benefit to small and sme businesses many of whom have had to cease trading with their EU customers due to increased cost and transport delays.
Now we have huge rises in the cost of mortgages, (if you can even get one), and the BofE having to support sterling with at least £15billion. Economic theory and lived experience are not the same and the arguments about lies told by posters on here seem a little pedantic even if you believe them (remember that thing called having a point of view?)
You are conflating 2 issues.
Fiscal policy is little to do with brexit. Thatsbjustbdaybto day politics and decisions. I've no idea why they reversed it. The market reached quite badly to the news.
Brexit has only happened for 2.5 years. And we've only been out the transition period for 18 months.
W ehave so far signed 2 trade deal, improved another. We will likely have acceded to cptpp by early next year. India trade deal a possibility in that time too. Canada, Mexico, Korean improvements. Re aligning your trade and drawing up FTAs is not an immediate process.
I feel the government also need to make a decision on alignment for financial services. The e.u has still not granted equivalency for the uk to trade in its market. Therefore. It might now simply be time to move on and trade for other countries.
This is where the government has fallen down for me. Tough decision meed to be made but the constant u turning and dilly dallying is poor.
So the reality of the situation is that nothing has improved then "
Man gets caught standing over a dead body with the knife that killed the deceased in his hand.
Defence spend countless days arguing that a cleaver is not a knife and if the prosecution got that detail wrong, what else have they got wrong?
Meanwhile, the deceased remains deceased and decomposition is well under way. |
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"So the question I have, given that the figures all seem to add up , is why did Truss and KamiKwasi bottle it? There is a huge difference between the theoretical long term benefits of Brexit and the actual real time experience of it and six years have passed during which we have seen instability of supply lines and rising costs with no obvious extra benefit to small and sme businesses many of whom have had to cease trading with their EU customers due to increased cost and transport delays.
Now we have huge rises in the cost of mortgages, (if you can even get one), and the BofE having to support sterling with at least £15billion. Economic theory and lived experience are not the same and the arguments about lies told by posters on here seem a little pedantic even if you believe them (remember that thing called having a point of view?)
You are conflating 2 issues.
Fiscal policy is little to do with brexit. Thatsbjustbdaybto day politics and decisions. I've no idea why they reversed it. The market reached quite badly to the news.
Brexit has only happened for 2.5 years. And we've only been out the transition period for 18 months.
W ehave so far signed 2 trade deal, improved another. We will likely have acceded to cptpp by early next year. India trade deal a possibility in that time too. Canada, Mexico, Korean improvements. Re aligning your trade and drawing up FTAs is not an immediate process.
I feel the government also need to make a decision on alignment for financial services. The e.u has still not granted equivalency for the uk to trade in its market. Therefore. It might now simply be time to move on and trade for other countries.
This is where the government has fallen down for me. Tough decision meed to be made but the constant u turning and dilly dallying is poor.
which FTA have we improved (and how?)
The two we have signed didn't sound great, or beneficial. India is looking unlikely (may be brinkmanship)
I agree tough decisions need to be made. And need to be made well. And that's the issue for me. We seem to lack skill. I can't tell if this is because the people aren't up to the job (eg because these roles have been outsourced for so long to the EU etc). Or because they are being given no time or have unskilled managers (egg ministers) asking them to deliver the impossible.
We may actually have the skills in FS because we drove many of the EU regulations. However that may also mean little change because we drove most of the regulation !"
Japan
We increased services trade access
10 fold increase gis
Certificate recognition
Easier visa access for workers
Theb2 we've signed with aus and new zealand work out pretty well actually Australia expected to increase exports 6bn a year.
|
Reply privately, Reply in forum +quote
or View forums list | |
"So the question I have, given that the figures all seem to add up , is why did Truss and KamiKwasi bottle it? There is a huge difference between the theoretical long term benefits of Brexit and the actual real time experience of it and six years have passed during which we have seen instability of supply lines and rising costs with no obvious extra benefit to small and sme businesses many of whom have had to cease trading with their EU customers due to increased cost and transport delays.
Now we have huge rises in the cost of mortgages, (if you can even get one), and the BofE having to support sterling with at least £15billion. Economic theory and lived experience are not the same and the arguments about lies told by posters on here seem a little pedantic even if you believe them (remember that thing called having a point of view?)
You are conflating 2 issues.
Fiscal policy is little to do with brexit. Thatsbjustbdaybto day politics and decisions. I've no idea why they reversed it. The market reached quite badly to the news.
Brexit has only happened for 2.5 years. And we've only been out the transition period for 18 months.
W ehave so far signed 2 trade deal, improved another. We will likely have acceded to cptpp by early next year. India trade deal a possibility in that time too. Canada, Mexico, Korean improvements. Re aligning your trade and drawing up FTAs is not an immediate process.
I feel the government also need to make a decision on alignment for financial services. The e.u has still not granted equivalency for the uk to trade in its market. Therefore. It might now simply be time to move on and trade for other countries.
This is where the government has fallen down for me. Tough decision meed to be made but the constant u turning and dilly dallying is poor.
which FTA have we improved (and how?)
The two we have signed didn't sound great, or beneficial. India is looking unlikely (may be brinkmanship)
I agree tough decisions need to be made. And need to be made well. And that's the issue for me. We seem to lack skill. I can't tell if this is because the people aren't up to the job (eg because these roles have been outsourced for so long to the EU etc). Or because they are being given no time or have unskilled managers (egg ministers) asking them to deliver the impossible.
We may actually have the skills in FS because we drove many of the EU regulations. However that may also mean little change because we drove most of the regulation !
Japan
We increased services trade access
10 fold increase gis
Certificate recognition
Easier visa access for workers
Theb2 we've signed with aus and new zealand work out pretty well actually Australia expected to increase exports 6bn a year.
"
Very “green” then!?! |
Reply privately, Reply in forum +quote
or View forums list | |
"So the question I have, given that the figures all seem to add up , is why did Truss and KamiKwasi bottle it? There is a huge difference between the theoretical long term benefits of Brexit and the actual real time experience of it and six years have passed during which we have seen instability of supply lines and rising costs with no obvious extra benefit to small and sme businesses many of whom have had to cease trading with their EU customers due to increased cost and transport delays.
Now we have huge rises in the cost of mortgages, (if you can even get one), and the BofE having to support sterling with at least £15billion. Economic theory and lived experience are not the same and the arguments about lies told by posters on here seem a little pedantic even if you believe them (remember that thing called having a point of view?)
You are conflating 2 issues.
Fiscal policy is little to do with brexit. Thatsbjustbdaybto day politics and decisions. I've no idea why they reversed it. The market reached quite badly to the news.
Brexit has only happened for 2.5 years. And we've only been out the transition period for 18 months.
W ehave so far signed 2 trade deal, improved another. We will likely have acceded to cptpp by early next year. India trade deal a possibility in that time too. Canada, Mexico, Korean improvements. Re aligning your trade and drawing up FTAs is not an immediate process.
I feel the government also need to make a decision on alignment for financial services. The e.u has still not granted equivalency for the uk to trade in its market. Therefore. It might now simply be time to move on and trade for other countries.
This is where the government has fallen down for me. Tough decision meed to be made but the constant u turning and dilly dallying is poor.
which FTA have we improved (and how?)
The two we have signed didn't sound great, or beneficial. India is looking unlikely (may be brinkmanship)
I agree tough decisions need to be made. And need to be made well. And that's the issue for me. We seem to lack skill. I can't tell if this is because the people aren't up to the job (eg because these roles have been outsourced for so long to the EU etc). Or because they are being given no time or have unskilled managers (egg ministers) asking them to deliver the impossible.
We may actually have the skills in FS because we drove many of the EU regulations. However that may also mean little change because we drove most of the regulation !
Japan
We increased services trade access
10 fold increase gis
Certificate recognition
Easier visa access for workers
Theb2 we've signed with aus and new zealand work out pretty well actually Australia expected to increase exports 6bn a year.
Very “green” then!?! "
So having moaned about the deals and improvements bot being beneficial. I show they are.
Now it's about their green policies.
I take it you have the same problem with the e.u reaching trade agreements with Australia too as not being green?
Or any of the other deals it did. E.g South Africa?
Most the Australia deal export increase is derived from services.
Also it's worth picking up an economics notebook for production inputs.
For example. The uk can domestically produce its own fruits we chose not to because tbe inputs necessary for it are too high because we don't have tbe weather. Most c02 in the production phase of meat as another example comes not in the transport. But the growing and housing of the cattle. Because the uk needs hay,heated barns transport of food for cows , transport of fertiliser to fields to grow crops to feed cows etc. The input of co2 in producing a calg in the uk vs Australia is significantly higher.
|
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"So the question I have, given that the figures all seem to add up , is why did Truss and KamiKwasi bottle it? There is a huge difference between the theoretical long term benefits of Brexit and the actual real time experience of it and six years have passed during which we have seen instability of supply lines and rising costs with no obvious extra benefit to small and sme businesses many of whom have had to cease trading with their EU customers due to increased cost and transport delays.
Now we have huge rises in the cost of mortgages, (if you can even get one), and the BofE having to support sterling with at least £15billion. Economic theory and lived experience are not the same and the arguments about lies told by posters on here seem a little pedantic even if you believe them (remember that thing called having a point of view?)
You are conflating 2 issues.
Fiscal policy is little to do with brexit. Thatsbjustbdaybto day politics and decisions. I've no idea why they reversed it. The market reached quite badly to the news.
Brexit has only happened for 2.5 years. And we've only been out the transition period for 18 months.
W ehave so far signed 2 trade deal, improved another. We will likely have acceded to cptpp by early next year. India trade deal a possibility in that time too. Canada, Mexico, Korean improvements. Re aligning your trade and drawing up FTAs is not an immediate process.
I feel the government also need to make a decision on alignment for financial services. The e.u has still not granted equivalency for the uk to trade in its market. Therefore. It might now simply be time to move on and trade for other countries.
This is where the government has fallen down for me. Tough decision meed to be made but the constant u turning and dilly dallying is poor.
which FTA have we improved (and how?)
The two we have signed didn't sound great, or beneficial. India is looking unlikely (may be brinkmanship)
I agree tough decisions need to be made. And need to be made well. And that's the issue for me. We seem to lack skill. I can't tell if this is because the people aren't up to the job (eg because these roles have been outsourced for so long to the EU etc). Or because they are being given no time or have unskilled managers (egg ministers) asking them to deliver the impossible.
We may actually have the skills in FS because we drove many of the EU regulations. However that may also mean little change because we drove most of the regulation !
Japan
We increased services trade access
10 fold increase gis
Certificate recognition
Easier visa access for workers
Theb2 we've signed with aus and new zealand work out pretty well actually Australia expected to increase exports 6bn a year.
Very “green” then!?!
So having moaned about the deals and improvements bot being beneficial. I show they are.
Now it's about their green policies.
I take it you have the same problem with the e.u reaching trade agreements with Australia too as not being green?
Or any of the other deals it did. E.g South Africa?
Most the Australia deal export increase is derived from services.
Also it's worth picking up an economics notebook for production inputs.
For example. The uk can domestically produce its own fruits we chose not to because tbe inputs necessary for it are too high because we don't have tbe weather. Most c02 in the production phase of meat as another example comes not in the transport. But the growing and housing of the cattle. Because the uk needs hay,heated barns transport of food for cows , transport of fertiliser to fields to grow crops to feed cows etc. The input of co2 in producing a calg in the uk vs Australia is significantly higher.
"
And how much does it cost to blast freeze processed meat (bearing in mind it is a higher temperature climate) and ship the same to us (bearing in mind how much CO2 is spewed in doing so)?
The question is then whether we should be living on tinned goods rather than frozen to mitigate this? It all seems a bit unrealistic to me! A trade deal that provides a readily available source of what? Meat that would be suitable for processing into ready meals or dog food? I wonder? |
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"So the question I have, given that the figures all seem to add up , is why did Truss and KamiKwasi bottle it? There is a huge difference between the theoretical long term benefits of Brexit and the actual real time experience of it and six years have passed during which we have seen instability of supply lines and rising costs with no obvious extra benefit to small and sme businesses many of whom have had to cease trading with their EU customers due to increased cost and transport delays.
Now we have huge rises in the cost of mortgages, (if you can even get one), and the BofE having to support sterling with at least £15billion. Economic theory and lived experience are not the same and the arguments about lies told by posters on here seem a little pedantic even if you believe them (remember that thing called having a point of view?)
You are conflating 2 issues.
Fiscal policy is little to do with brexit. Thatsbjustbdaybto day politics and decisions. I've no idea why they reversed it. The market reached quite badly to the news.
Brexit has only happened for 2.5 years. And we've only been out the transition period for 18 months.
W ehave so far signed 2 trade deal, improved another. We will likely have acceded to cptpp by early next year. India trade deal a possibility in that time too. Canada, Mexico, Korean improvements. Re aligning your trade and drawing up FTAs is not an immediate process.
I feel the government also need to make a decision on alignment for financial services. The e.u has still not granted equivalency for the uk to trade in its market. Therefore. It might now simply be time to move on and trade for other countries.
This is where the government has fallen down for me. Tough decision meed to be made but the constant u turning and dilly dallying is poor.
which FTA have we improved (and how?)
The two we have signed didn't sound great, or beneficial. India is looking unlikely (may be brinkmanship)
I agree tough decisions need to be made. And need to be made well. And that's the issue for me. We seem to lack skill. I can't tell if this is because the people aren't up to the job (eg because these roles have been outsourced for so long to the EU etc). Or because they are being given no time or have unskilled managers (egg ministers) asking them to deliver the impossible.
We may actually have the skills in FS because we drove many of the EU regulations. However that may also mean little change because we drove most of the regulation !
Japan
We increased services trade access
10 fold increase gis
Certificate recognition
Easier visa access for workers
Theb2 we've signed with aus and new zealand work out pretty well actually Australia expected to increase exports 6bn a year.
Very “green” then!?!
So having moaned about the deals and improvements bot being beneficial. I show they are.
Now it's about their green policies.
I take it you have the same problem with the e.u reaching trade agreements with Australia too as not being green?
Or any of the other deals it did. E.g South Africa?
Most the Australia deal export increase is derived from services.
Also it's worth picking up an economics notebook for production inputs.
For example. The uk can domestically produce its own fruits we chose not to because tbe inputs necessary for it are too high because we don't have tbe weather. Most c02 in the production phase of meat as another example comes not in the transport. But the growing and housing of the cattle. Because the uk needs hay,heated barns transport of food for cows , transport of fertiliser to fields to grow crops to feed cows etc. The input of co2 in producing a calg in the uk vs Australia is significantly higher.
And how much does it cost to blast freeze processed meat (bearing in mind it is a higher temperature climate) and ship the same to us (bearing in mind how much CO2 is spewed in doing so)?
The question is then whether we should be living on tinned goods rather than frozen to mitigate this? It all seems a bit unrealistic to me! A trade deal that provides a readily available source of what? Meat that would be suitable for processing into ready meals or dog food? I wonder? "
As I already said.
The predominamt amount of greenhouses gases used are in production. There's a good study on this called food miles comparative energy emissions in the journalism cycle assessment.
Typically because new zealand uses cleaner energy. They use 1/4 of the greenhouse gases the uk uses in producing lamb.
Again meat ready for putting in meals.
All meat imported to the uk must meet uk standards. |
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or View forums list | |
"So the question I have, given that the figures all seem to add up , is why did Truss and KamiKwasi bottle it? There is a huge difference between the theoretical long term benefits of Brexit and the actual real time experience of it and six years have passed during which we have seen instability of supply lines and rising costs with no obvious extra benefit to small and sme businesses many of whom have had to cease trading with their EU customers due to increased cost and transport delays.
Now we have huge rises in the cost of mortgages, (if you can even get one), and the BofE having to support sterling with at least £15billion. Economic theory and lived experience are not the same and the arguments about lies told by posters on here seem a little pedantic even if you believe them (remember that thing called having a point of view?)
You are conflating 2 issues.
Fiscal policy is little to do with brexit. Thatsbjustbdaybto day politics and decisions. I've no idea why they reversed it. The market reached quite badly to the news.
Brexit has only happened for 2.5 years. And we've only been out the transition period for 18 months.
W ehave so far signed 2 trade deal, improved another. We will likely have acceded to cptpp by early next year. India trade deal a possibility in that time too. Canada, Mexico, Korean improvements. Re aligning your trade and drawing up FTAs is not an immediate process.
I feel the government also need to make a decision on alignment for financial services. The e.u has still not granted equivalency for the uk to trade in its market. Therefore. It might now simply be time to move on and trade for other countries.
This is where the government has fallen down for me. Tough decision meed to be made but the constant u turning and dilly dallying is poor.
which FTA have we improved (and how?)
The two we have signed didn't sound great, or beneficial. India is looking unlikely (may be brinkmanship)
I agree tough decisions need to be made. And need to be made well. And that's the issue for me. We seem to lack skill. I can't tell if this is because the people aren't up to the job (eg because these roles have been outsourced for so long to the EU etc). Or because they are being given no time or have unskilled managers (egg ministers) asking them to deliver the impossible.
We may actually have the skills in FS because we drove many of the EU regulations. However that may also mean little change because we drove most of the regulation !
Japan
We increased services trade access
10 fold increase gis
Certificate recognition
Easier visa access for workers
Theb2 we've signed with aus and new zealand work out pretty well actually Australia expected to increase exports 6bn a year.
Very “green” then!?!
So having moaned about the deals and improvements bot being beneficial. I show they are.
Now it's about their green policies.
I take it you have the same problem with the e.u reaching trade agreements with Australia too as not being green?
Or any of the other deals it did. E.g South Africa?
Most the Australia deal export increase is derived from services.
Also it's worth picking up an economics notebook for production inputs.
For example. The uk can domestically produce its own fruits we chose not to because tbe inputs necessary for it are too high because we don't have tbe weather. Most c02 in the production phase of meat as another example comes not in the transport. But the growing and housing of the cattle. Because the uk needs hay,heated barns transport of food for cows , transport of fertiliser to fields to grow crops to feed cows etc. The input of co2 in producing a calg in the uk vs Australia is significantly higher.
And how much does it cost to blast freeze processed meat (bearing in mind it is a higher temperature climate) and ship the same to us (bearing in mind how much CO2 is spewed in doing so)?
The question is then whether we should be living on tinned goods rather than frozen to mitigate this? It all seems a bit unrealistic to me! A trade deal that provides a readily available source of what? Meat that would be suitable for processing into ready meals or dog food? I wonder?
As I already said.
The predominamt amount of greenhouses gases used are in production. There's a good study on this called food miles comparative energy emissions in the journalism cycle assessment.
Typically because new zealand uses cleaner energy. They use 1/4 of the greenhouse gases the uk uses in producing lamb.
Again meat ready for putting in meals.
All meat imported to the uk must meet uk standards."
Did you just side step my point |
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By *ackal1Couple
over a year ago
Manchester |
"Thank you for the admissions on the corrections.
If I come across as curt. Its ore of s reflection of the constant made up numbers and lies on these threads I have to provide official sources of data for.
I had one person telling me yesterday we import gas from Norway via tankers and refused to admit they made it up when I supplied the ONS data showing no lng imports arrived from Norway via tankers.
They also claimed the usa was no longer delivering LNG and refused to apologise when I gave them the name of a boat from texas delivering it here today and to the port.
People can have a view on a political debate. But I've no idea why grown adults are lying and can't admit it.
I don’t take offence and am happy to admit when I’m wrong. I’ve got nothing to prove . It’s a bit of light hearted fun for me.
I’ll agree to disagree on the employment/working numbers.
The BOE have spent £19B so far but have had to set aside £65B for expected purchases. That will resolve over the next few weeks. As I mentioned the number is mute because they can off load the purchases. The worry is the BOE only runs with around £100B in funds so whilst it can top up at around £500m a year it’s not limitless funding.
The gilts rising prior was rumoured to be based on Kwasi leaking his thoughts during a chat prior to his minor fiscal event. No proof just rumours.
The £62B was definitely the IMF according to the FT.
If you detest the made up stuff and lies then you would tend to be calling out the OP for the post as it’s untrue and misleading.
As I said it’s just fun so feel free to rage as I won’t think you are a cunt at all I promise.
Have a good week .
The bofe purchasing was only lasting 15 days.
Those 15 days have now passed
What rumour? Liz truss was elected on her pledge to reduce the halt the increase in corporation tax and ni. So it couldn't have been kn that assessment. Or it would habe happened on her being elected. But they waited u till the bofe interest rate announcement then immediately swung?
The 62 billion is only quoted as IFS. The IFS doesn't make such speculations."
Firstly the state OP stated we “are” the fastest growing economy and you stated we are “forecast to be” so not sure you are correct in confirming his statement as correct. Given the mini budget and recent figures both now seem dubious. Unless of course you have a time machine.
As for hustings comments I doubt any trader would believe the rhetoric was genuine and would suspect she was playing to the right wing members in front of her. I doubt if any thought she was stupid enough to act on her comments in such a catastrophic way. How wrong could they be.
Feel free to watch the tube video - named below. Posted by Joe politics. It is an unedited recording of a select committee discussion with financial specialists quoting the BOE and other sources relating to the mini budget.
It clearly confirms the plan on tax cuts was leaked before so a few traders were hedging before.
It clearly confirms the dramatic market reaction was directly related to the mini budget, which was free of any supporting financial budgets. “Index linked rates doubled overnight”. We were in a fragile state already in great part due to Brexit. “Straw that broke the camels back” is the quote.
The BOE intervention is continuing until the 11th November. It has moved from direct purchase to financial support of the bond holder’s banks to underwrite deals specific to bonds.
One worrying quote was the accusation of guerrilla tactics used by the government to undermine the established financial institutions including Liz Truss remarks on the BOE independence. This along with dismissing any need for the OBR to be involved.
“Finance experts debunk Jacob Reece Mogg’s economic policy in select committee.”
Credit Joe politics
|
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"Thank you for the admissions on the corrections.
If I come across as curt. Its ore of s reflection of the constant made up numbers and lies on these threads I have to provide official sources of data for.
I had one person telling me yesterday we import gas from Norway via tankers and refused to admit they made it up when I supplied the ONS data showing no lng imports arrived from Norway via tankers.
They also claimed the usa was no longer delivering LNG and refused to apologise when I gave them the name of a boat from texas delivering it here today and to the port.
People can have a view on a political debate. But I've no idea why grown adults are lying and can't admit it.
I don’t take offence and am happy to admit when I’m wrong. I’ve got nothing to prove . It’s a bit of light hearted fun for me.
I’ll agree to disagree on the employment/working numbers.
The BOE have spent £19B so far but have had to set aside £65B for expected purchases. That will resolve over the next few weeks. As I mentioned the number is mute because they can off load the purchases. The worry is the BOE only runs with around £100B in funds so whilst it can top up at around £500m a year it’s not limitless funding.
The gilts rising prior was rumoured to be based on Kwasi leaking his thoughts during a chat prior to his minor fiscal event. No proof just rumours.
The £62B was definitely the IMF according to the FT.
If you detest the made up stuff and lies then you would tend to be calling out the OP for the post as it’s untrue and misleading.
As I said it’s just fun so feel free to rage as I won’t think you are a cunt at all I promise.
Have a good week .
The bofe purchasing was only lasting 15 days.
Those 15 days have now passed
What rumour? Liz truss was elected on her pledge to reduce the halt the increase in corporation tax and ni. So it couldn't have been kn that assessment. Or it would habe happened on her being elected. But they waited u till the bofe interest rate announcement then immediately swung?
The 62 billion is only quoted as IFS. The IFS doesn't make such speculations.
Firstly the state OP stated we “are” the fastest growing economy and you stated we are “forecast to be” so not sure you are correct in confirming his statement as correct. Given the mini budget and recent figures both now seem dubious. Unless of course you have a time machine.
As for hustings comments I doubt any trader would believe the rhetoric was genuine and would suspect she was playing to the right wing members in front of her. I doubt if any thought she was stupid enough to act on her comments in such a catastrophic way. How wrong could they be.
Feel free to watch the tube video - named below. Posted by Joe politics. It is an unedited recording of a select committee discussion with financial specialists quoting the BOE and other sources relating to the mini budget.
It clearly confirms the plan on tax cuts was leaked before so a few traders were hedging before.
It clearly confirms the dramatic market reaction was directly related to the mini budget, which was free of any supporting financial budgets. “Index linked rates doubled overnight”. We were in a fragile state already in great part due to Brexit. “Straw that broke the camels back” is the quote.
The BOE intervention is continuing until the 11th November. It has moved from direct purchase to financial support of the bond holder’s banks to underwrite deals specific to bonds.
One worrying quote was the accusation of guerrilla tactics used by the government to undermine the established financial institutions including Liz Truss remarks on the BOE independence. This along with dismissing any need for the OBR to be involved.
“Finance experts debunk Jacob Reece Mogg’s economic policy in select committee.”
Credit Joe politics
"
OK maybe you don't know what the "outlook" report is. The key is in the name. They look at the future expectations.
If you're wanting prior data as well. Then yes we are the fastest growing. We grew the fastest in 2021
Uk 7.4
Japan1.7
Italy 6.6
France 6.8
Germany 2.6
Usa 5.7
Canada 4.5
Again 2022 " outlook
Uk3.6
Canada 3.3
Japan1.7
Italy 3.2
France 2.5
Germany 1.5
Usa 3.6
Would you like any more clarification? |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *ackal1Couple
over a year ago
Manchester |
Markets and numbers reacting favourably this morning to Hunts unwrapping of Truss’ mess.
Seeing as some are claiming this is a global problem what are other governments doing to improve our U.K. numbers so much? Very clever of them. We should send a thank you card. |
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or View forums list | |
|
By *ackal1Couple
over a year ago
Manchester |
"Thank you for the admissions on the corrections.
If I come across as curt. Its ore of s reflection of the constant made up numbers and lies on these threads I have to provide official sources of data for.
I had one person telling me yesterday we import gas from Norway via tankers and refused to admit they made it up when I supplied the ONS data showing no lng imports arrived from Norway via tankers.
They also claimed the usa was no longer delivering LNG and refused to apologise when I gave them the name of a boat from texas delivering it here today and to the port.
People can have a view on a political debate. But I've no idea why grown adults are lying and can't admit it.
I don’t take offence and am happy to admit when I’m wrong. I’ve got nothing to prove . It’s a bit of light hearted fun for me.
I’ll agree to disagree on the employment/working numbers.
The BOE have spent £19B so far but have had to set aside £65B for expected purchases. That will resolve over the next few weeks. As I mentioned the number is mute because they can off load the purchases. The worry is the BOE only runs with around £100B in funds so whilst it can top up at around £500m a year it’s not limitless funding.
The gilts rising prior was rumoured to be based on Kwasi leaking his thoughts during a chat prior to his minor fiscal event. No proof just rumours.
The £62B was definitely the IMF according to the FT.
If you detest the made up stuff and lies then you would tend to be calling out the OP for the post as it’s untrue and misleading.
As I said it’s just fun so feel free to rage as I won’t think you are a cunt at all I promise.
Have a good week .
The bofe purchasing was only lasting 15 days.
Those 15 days have now passed
What rumour? Liz truss was elected on her pledge to reduce the halt the increase in corporation tax and ni. So it couldn't have been kn that assessment. Or it would habe happened on her being elected. But they waited u till the bofe interest rate announcement then immediately swung?
The 62 billion is only quoted as IFS. The IFS doesn't make such speculations.
Firstly the state OP stated we “are” the fastest growing economy and you stated we are “forecast to be” so not sure you are correct in confirming his statement as correct. Given the mini budget and recent figures both now seem dubious. Unless of course you have a time machine.
As for hustings comments I doubt any trader would believe the rhetoric was genuine and would suspect she was playing to the right wing members in front of her. I doubt if any thought she was stupid enough to act on her comments in such a catastrophic way. How wrong could they be.
Feel free to watch the tube video - named below. Posted by Joe politics. It is an unedited recording of a select committee discussion with financial specialists quoting the BOE and other sources relating to the mini budget.
It clearly confirms the plan on tax cuts was leaked before so a few traders were hedging before.
It clearly confirms the dramatic market reaction was directly related to the mini budget, which was free of any supporting financial budgets. “Index linked rates doubled overnight”. We were in a fragile state already in great part due to Brexit. “Straw that broke the camels back” is the quote.
The BOE intervention is continuing until the 11th November. It has moved from direct purchase to financial support of the bond holder’s banks to underwrite deals specific to bonds.
One worrying quote was the accusation of guerrilla tactics used by the government to undermine the established financial institutions including Liz Truss remarks on the BOE independence. This along with dismissing any need for the OBR to be involved.
“Finance experts debunk Jacob Reece Mogg’s economic policy in select committee.”
Credit Joe politics
OK maybe you don't know what the "outlook" report is. The key is in the name. They look at the future expectations.
If you're wanting prior data as well. Then yes we are the fastest growing. We grew the fastest in 2021
Uk 7.4
Japan1.7
Italy 6.6
France 6.8
Germany 2.6
Usa 5.7
Canada 4.5
Again 2022 " outlook
Uk3.6
Canada 3.3
Japan1.7
Italy 3.2
France 2.5
Germany 1.5
Usa 3.6
Would you like any more clarification?"
No thanks
How did we do in August?
Also as we have still not recovered to pre pandemic the numbers above are not like for like are they!
Please feel free to clarify the other points above. Thanks |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *ackal1Couple
over a year ago
Manchester |
Now let’s move to the wonderful new trade deals.
This report from the parliamentary library is an interesting read about the AUS deal. The government comments are blatantly trying to talk up a pretty poor deal. There are still question marks and serious concerns about animal welfare and unidentified meat products finding their way to U.K. consumers therefore avoiding such things as the red tractor mark.
https://commonslibrary.parliament.uk/research-briefings/cbp-9484/#:~:text=Limited%20economic%20effect,output%20because%20of%20the%20agreement
The New Zealand deal is of more benefit to New Zealand than the the U.K. according to a similar assessment.
Both deals add to our negative balance of payments .
A select committee has lambasted the governments refusal to reveal the full impact report before pushing the deal through parliament. The question was raised why not release it and what is being hidden.
Another interesting read highlighting similar concerns.
https://www.tjm.org.uk/blog/2022/controversial-australia-trade-deal-set-to-pass-through-parliament-with-no-debate
The response of the NFU who try to protect U.K. producers over imports to protect workers and producers so it’s not a union in the model of the TUC.
“While it is reassuring that this deal will not result in a change in production standards here – for instance, imports of hormone-reared beef will still be banned ( Reece Mogg quoted as saying “we are aiming to work towards a ban” so not sure how solid this actual ban is) – the report confirms that this FTA simply opens up UK agricultural markets for Australian produce, whether or not produced to the same standards that are legally required of UK farmers.” NOTE THEY DO NOT HAVE TO MEET OUR STANDARDS!
“This deal will pave the way for others to follow and I’m increasingly concerned about the cumulative impact of the government’s FTA programme, especially as its own impact assessments anticipate a negative economic impact on UK farmers.”
MPs don’t seem to be too impressed either. The governments comment in this report below that “there may be unseen benefits” is just comical. The ratio of EU losses to new trade deals is staggering. The forecasts of all new trade deals at their most optimistic according to a government select committee improve that quoted ratio from £1 -178 (loss) to £8 - 178. Hardly a resounding win is it. Sussex university for figures so no think tanks.
https://www.independent.co.uk/news/uk/politics/brexit-trade-deals-benefits-pac-b2038227.html?r=54406
https://www.theguardian.com/business/2021/dec/27/brexit-the-biggest-disaster-that-any-government-has-ever-negotiated
https://www.thelondoneconomic.com/news/brexit-losses-more-than-178-times-bigger-than-trade-deal-gains-research-300370/
Brexit is an economic disaster for the U.K. it has added costs to business. Hampered access to markets. 28% of U.K. businesses that exported to the EU prior to Brexit now do not export. It has added to inflation through more expensive import and export costs.
It has reduced the number of workers in the U.K. including some in critical posts such as care workers, nhs workers and construction.
Production at many factories and farms has been reduced due to a lack of labour which has resulted in more imports in those markets further hurting those producers.
Economies of scale will then in turn further turn the screw.
The damage is ongoing and increasing. Winning.
|
Reply privately, Reply in forum +quote
or View forums list | |
"Thank you for the admissions on the corrections.
If I come across as curt. Its ore of s reflection of the constant made up numbers and lies on these threads I have to provide official sources of data for.
I had one person telling me yesterday we import gas from Norway via tankers and refused to admit they made it up when I supplied the ONS data showing no lng imports arrived from Norway via tankers.
They also claimed the usa was no longer delivering LNG and refused to apologise when I gave them the name of a boat from texas delivering it here today and to the port.
People can have a view on a political debate. But I've no idea why grown adults are lying and can't admit it.
I don’t take offence and am happy to admit when I’m wrong. I’ve got nothing to prove . It’s a bit of light hearted fun for me.
I’ll agree to disagree on the employment/working numbers.
The BOE have spent £19B so far but have had to set aside £65B for expected purchases. That will resolve over the next few weeks. As I mentioned the number is mute because they can off load the purchases. The worry is the BOE only runs with around £100B in funds so whilst it can top up at around £500m a year it’s not limitless funding.
The gilts rising prior was rumoured to be based on Kwasi leaking his thoughts during a chat prior to his minor fiscal event. No proof just rumours.
The £62B was definitely the IMF according to the FT.
If you detest the made up stuff and lies then you would tend to be calling out the OP for the post as it’s untrue and misleading.
As I said it’s just fun so feel free to rage as I won’t think you are a cunt at all I promise.
Have a good week .
The bofe purchasing was only lasting 15 days.
Those 15 days have now passed
What rumour? Liz truss was elected on her pledge to reduce the halt the increase in corporation tax and ni. So it couldn't have been kn that assessment. Or it would habe happened on her being elected. But they waited u till the bofe interest rate announcement then immediately swung?
The 62 billion is only quoted as IFS. The IFS doesn't make such speculations.
Firstly the state OP stated we “are” the fastest growing economy and you stated we are “forecast to be” so not sure you are correct in confirming his statement as correct. Given the mini budget and recent figures both now seem dubious. Unless of course you have a time machine.
As for hustings comments I doubt any trader would believe the rhetoric was genuine and would suspect she was playing to the right wing members in front of her. I doubt if any thought she was stupid enough to act on her comments in such a catastrophic way. How wrong could they be.
Feel free to watch the tube video - named below. Posted by Joe politics. It is an unedited recording of a select committee discussion with financial specialists quoting the BOE and other sources relating to the mini budget.
It clearly confirms the plan on tax cuts was leaked before so a few traders were hedging before.
It clearly confirms the dramatic market reaction was directly related to the mini budget, which was free of any supporting financial budgets. “Index linked rates doubled overnight”. We were in a fragile state already in great part due to Brexit. “Straw that broke the camels back” is the quote.
The BOE intervention is continuing until the 11th November. It has moved from direct purchase to financial support of the bond holder’s banks to underwrite deals specific to bonds.
One worrying quote was the accusation of guerrilla tactics used by the government to undermine the established financial institutions including Liz Truss remarks on the BOE independence. This along with dismissing any need for the OBR to be involved.
“Finance experts debunk Jacob Reece Mogg’s economic policy in select committee.”
Credit Joe politics
"
Regarding hustings. I dont know kW what you're on about here?
Please clarify. You went off on a tangent.
I am aware of the bofe. Quite frankly they are the reason the uk is in the mess it is.
Carney was an absolute disaster and Bailey has carried on this trend.
They got interest rates wrong for the last decade, they de neutralised the bofe, they have made disastrous comments which have affected the pound every quarter. They can't even decide atm between themselves how to raise interest rates with 3 way splits. The previous governor of 10 years carney just embarrassed himself in an interview because he forgot to take into account some basic economics of purchasing power. When comparing growth of German and UK economies.
I think you need to look at Goldman sachc report now that the tax reversals have been stopped the uk is now expected to be about 0.5% worse off in gdp terms. I'll take goldman sachs word over Joe politics thanks.
Please post your 11th of November source as there is no announcement on the bofe website regarding this
Are you sure it's not the 1 that ran from the 11th-14th October? If you are direct quoting from Joe politics. I think they've got it wrong.
Btw if stuff get leaked to the market. The market prices it in. Not sure why then you think the market would fall? Thisnis counter intuitive to financial futures trading.
|
Reply privately, Reply in forum +quote
or View forums list | |
"Now let’s move to the wonderful new trade deals.
This report from the parliamentary library is an interesting read about the AUS deal. The government comments are blatantly trying to talk up a pretty poor deal. There are still question marks and serious concerns about animal welfare and unidentified meat products finding their way to U.K. consumers therefore avoiding such things as the red tractor mark.
https://commonslibrary.parliament.uk/research-briefings/cbp-9484/#:~:text=Limited%20economic%20effect,output%20because%20of%20the%20agreement
The New Zealand deal is of more benefit to New Zealand than the the U.K. according to a similar assessment.
Both deals add to our negative balance of payments .
A select committee has lambasted the governments refusal to reveal the full impact report before pushing the deal through parliament. The question was raised why not release it and what is being hidden.
Another interesting read highlighting similar concerns.
https://www.tjm.org.uk/blog/2022/controversial-australia-trade-deal-set-to-pass-through-parliament-with-no-debate
The response of the NFU who try to protect U.K. producers over imports to protect workers and producers so it’s not a union in the model of the TUC.
“While it is reassuring that this deal will not result in a change in production standards here – for instance, imports of hormone-reared beef will still be banned ( Reece Mogg quoted as saying “we are aiming to work towards a ban” so not sure how solid this actual ban is) – the report confirms that this FTA simply opens up UK agricultural markets for Australian produce, whether or not produced to the same standards that are legally required of UK farmers.” NOTE THEY DO NOT HAVE TO MEET OUR STANDARDS!
“This deal will pave the way for others to follow and I’m increasingly concerned about the cumulative impact of the government’s FTA programme, especially as its own impact assessments anticipate a negative economic impact on UK farmers.”
MPs don’t seem to be too impressed either. The governments comment in this report below that “there may be unseen benefits” is just comical. The ratio of EU losses to new trade deals is staggering. The forecasts of all new trade deals at their most optimistic according to a government select committee improve that quoted ratio from £1 -178 (loss) to £8 - 178. Hardly a resounding win is it. Sussex university for figures so no think tanks.
https://www.independent.co.uk/news/uk/politics/brexit-trade-deals-benefits-pac-b2038227.html?r=54406
https://www.theguardian.com/business/2021/dec/27/brexit-the-biggest-disaster-that-any-government-has-ever-negotiated
https://www.thelondoneconomic.com/news/brexit-losses-more-than-178-times-bigger-than-trade-deal-gains-research-300370/
Brexit is an economic disaster for the U.K. it has added costs to business. Hampered access to markets. 28% of U.K. businesses that exported to the EU prior to Brexit now do not export. It has added to inflation through more expensive import and export costs.
It has reduced the number of workers in the U.K. including some in critical posts such as care workers, nhs workers and construction.
Production at many factories and farms has been reduced due to a lack of labour which has resulted in more imports in those markets further hurting those producers.
Economies of scale will then in turn further turn the screw.
The damage is ongoing and increasing. Winning.
"
Oh Jesus more misunderstanding form yourself.
Concerns over animal welfare.
You've got a parliamentary. This is just a committee of MPS voicing concerns.
Have you read the TAC report.
Itclearly debunks any of those concerns. That meat shouldn't find its way Into the uk. For it to do so would be a major breach by Australia in its governance. But we are well aware of the horse meat scandal while in the glorious e.u.
Seriously though read the TAC report. That's the trade and agricultural commissions view on the deal. Not a random mps concern.
No assessment has been done on the newzealand one by TAC yet.the actually impact assessment is available fkr you to download and read.
Why are you posting quotes from papers and headlines and not reading these documents yourself? It seems weird you'd rather a paper tell you something in 100 words than take time out your day to verify and build your own view
For the record though. The new zealand deal benefits the uk. Why can you bot form your own view kn the actual deal? But you post 3 left wing papers views on it?
Do you want links to the TAC reports a impact assessments? I can provide them if you wish
The 28% number is a myth I am sorry to say not backed up by any meaningful data.
Regarding migration. Have you got the figures you are claiming about impact? It should be hard for you to bring up those data points.
I await you posting them. Please not a papers headlines. But ons data
|
Reply privately, Reply in forum +quote
or View forums list | |
"Thank you for the admissions on the corrections.
If I come across as curt. Its ore of s reflection of the constant made up numbers and lies on these threads I have to provide official sources of data for.
I had one person telling me yesterday we import gas from Norway via tankers and refused to admit they made it up when I supplied the ONS data showing no lng imports arrived from Norway via tankers.
They also claimed the usa was no longer delivering LNG and refused to apologise when I gave them the name of a boat from texas delivering it here today and to the port.
People can have a view on a political debate. But I've no idea why grown adults are lying and can't admit it.
I don’t take offence and am happy to admit when I’m wrong. I’ve got nothing to prove . It’s a bit of light hearted fun for me.
I’ll agree to disagree on the employment/working numbers.
The BOE have spent £19B so far but have had to set aside £65B for expected purchases. That will resolve over the next few weeks. As I mentioned the number is mute because they can off load the purchases. The worry is the BOE only runs with around £100B in funds so whilst it can top up at around £500m a year it’s not limitless funding.
The gilts rising prior was rumoured to be based on Kwasi leaking his thoughts during a chat prior to his minor fiscal event. No proof just rumours.
The £62B was definitely the IMF according to the FT.
If you detest the made up stuff and lies then you would tend to be calling out the OP for the post as it’s untrue and misleading.
As I said it’s just fun so feel free to rage as I won’t think you are a cunt at all I promise.
Have a good week .
The bofe purchasing was only lasting 15 days.
Those 15 days have now passed
What rumour? Liz truss was elected on her pledge to reduce the halt the increase in corporation tax and ni. So it couldn't have been kn that assessment. Or it would habe happened on her being elected. But they waited u till the bofe interest rate announcement then immediately swung?
The 62 billion is only quoted as IFS. The IFS doesn't make such speculations.
Firstly the state OP stated we “are” the fastest growing economy and you stated we are “forecast to be” so not sure you are correct in confirming his statement as correct. Given the mini budget and recent figures both now seem dubious. Unless of course you have a time machine.
As for hustings comments I doubt any trader would believe the rhetoric was genuine and would suspect she was playing to the right wing members in front of her. I doubt if any thought she was stupid enough to act on her comments in such a catastrophic way. How wrong could they be.
Feel free to watch the tube video - named below. Posted by Joe politics. It is an unedited recording of a select committee discussion with financial specialists quoting the BOE and other sources relating to the mini budget.
It clearly confirms the plan on tax cuts was leaked before so a few traders were hedging before.
It clearly confirms the dramatic market reaction was directly related to the mini budget, which was free of any supporting financial budgets. “Index linked rates doubled overnight”. We were in a fragile state already in great part due to Brexit. “Straw that broke the camels back” is the quote.
The BOE intervention is continuing until the 11th November. It has moved from direct purchase to financial support of the bond holder’s banks to underwrite deals specific to bonds.
One worrying quote was the accusation of guerrilla tactics used by the government to undermine the established financial institutions including Liz Truss remarks on the BOE independence. This along with dismissing any need for the OBR to be involved.
“Finance experts debunk Jacob Reece Mogg’s economic policy in select committee.”
Credit Joe politics
OK maybe you don't know what the "outlook" report is. The key is in the name. They look at the future expectations.
If you're wanting prior data as well. Then yes we are the fastest growing. We grew the fastest in 2021
Uk 7.4
Japan1.7
Italy 6.6
France 6.8
Germany 2.6
Usa 5.7
Canada 4.5
Again 2022 " outlook
Uk3.6
Canada 3.3
Japan1.7
Italy 3.2
France 2.5
Germany 1.5
Usa 3.6
Would you like any more clarification?
No thanks
How did we do in August?
Also as we have still not recovered to pre pandemic the numbers above are not like for like are they!
Please feel free to clarify the other points above. Thanks "
Sometimes it's better the swallow your pride and admit you were wrong? Surely as an adult you can do that?
Regarding the pre pandemic.
Y
Do you know what a gdp deflator is? I think you should look that up first. Then come back.
I am going to start being quite acerbic in my responses. If you aren't going to acknowledge your mistakes. And apologise.
I'll speak to you like a child. |
Reply privately, Reply in forum +quote
or View forums list | |
"Thank you for the admissions on the corrections.
If I come across as curt. Its ore of s reflection of the constant made up numbers and lies on these threads I have to provide official sources of data for.
I had one person telling me yesterday we import gas from Norway via tankers and refused to admit they made it up when I supplied the ONS data showing no lng imports arrived from Norway via tankers.
They also claimed the usa was no longer delivering LNG and refused to apologise when I gave them the name of a boat from texas delivering it here today and to the port.
People can have a view on a political debate. But I've no idea why grown adults are lying and can't admit it.
I don’t take offence and am happy to admit when I’m wrong. I’ve got nothing to prove . It’s a bit of light hearted fun for me.
I’ll agree to disagree on the employment/working numbers.
The BOE have spent £19B so far but have had to set aside £65B for expected purchases. That will resolve over the next few weeks. As I mentioned the number is mute because they can off load the purchases. The worry is the BOE only runs with around £100B in funds so whilst it can top up at around £500m a year it’s not limitless funding.
The gilts rising prior was rumoured to be based on Kwasi leaking his thoughts during a chat prior to his minor fiscal event. No proof just rumours.
The £62B was definitely the IMF according to the FT.
If you detest the made up stuff and lies then you would tend to be calling out the OP for the post as it’s untrue and misleading.
As I said it’s just fun so feel free to rage as I won’t think you are a cunt at all I promise.
Have a good week .
The bofe purchasing was only lasting 15 days.
Those 15 days have now passed
What rumour? Liz truss was elected on her pledge to reduce the halt the increase in corporation tax and ni. So it couldn't have been kn that assessment. Or it would habe happened on her being elected. But they waited u till the bofe interest rate announcement then immediately swung?
The 62 billion is only quoted as IFS. The IFS doesn't make such speculations.
Firstly the state OP stated we “are” the fastest growing economy and you stated we are “forecast to be” so not sure you are correct in confirming his statement as correct. Given the mini budget and recent figures both now seem dubious. Unless of course you have a time machine.
As for hustings comments I doubt any trader would believe the rhetoric was genuine and would suspect she was playing to the right wing members in front of her. I doubt if any thought she was stupid enough to act on her comments in such a catastrophic way. How wrong could they be.
Feel free to watch the tube video - named below. Posted by Joe politics. It is an unedited recording of a select committee discussion with financial specialists quoting the BOE and other sources relating to the mini budget.
It clearly confirms the plan on tax cuts was leaked before so a few traders were hedging before.
It clearly confirms the dramatic market reaction was directly related to the mini budget, which was free of any supporting financial budgets. “Index linked rates doubled overnight”. We were in a fragile state already in great part due to Brexit. “Straw that broke the camels back” is the quote.
The BOE intervention is continuing until the 11th November. It has moved from direct purchase to financial support of the bond holder’s banks to underwrite deals specific to bonds.
One worrying quote was the accusation of guerrilla tactics used by the government to undermine the established financial institutions including Liz Truss remarks on the BOE independence. This along with dismissing any need for the OBR to be involved.
“Finance experts debunk Jacob Reece Mogg’s economic policy in select committee.”
Credit Joe politics
OK maybe you don't know what the "outlook" report is. The key is in the name. They look at the future expectations.
If you're wanting prior data as well. Then yes we are the fastest growing. We grew the fastest in 2021
Uk 7.4
Japan1.7
Italy 6.6
France 6.8
Germany 2.6
Usa 5.7
Canada 4.5
Again 2022 " outlook
Uk3.6
Canada 3.3
Japan1.7
Italy 3.2
France 2.5
Germany 1.5
Usa 3.6
Would you like any more clarification?
No thanks
How did we do in August?
Also as we have still not recovered to pre pandemic the numbers above are not like for like are they!
Please feel free to clarify the other points above. Thanks
Sometimes it's better the swallow your pride and admit you were wrong? Surely as an adult you can do that?
Regarding the pre pandemic.
Y
Do you know what a gdp deflator is? I think you should look that up first. Then come back.
I am going to start being quite acerbic in my responses. If you aren't going to acknowledge your mistakes. And apologise.
I'll speak to you like a child."
It’s an open forum and people are free to engage with you or not but a word to the wise….if you are going to be rude then don’t expect the conversation to last |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Now let’s move to the wonderful new trade deals.
This report from the parliamentary library is an interesting read about the AUS deal. The government comments are blatantly trying to talk up a pretty poor deal. There are still question marks and serious concerns about animal welfare and unidentified meat products finding their way to U.K. consumers therefore avoiding such things as the red tractor mark.
https://commonslibrary.parliament.uk/research-briefings/cbp-9484/#:~:text=Limited%20economic%20effect,output%20because%20of%20the%20agreement
The New Zealand deal is of more benefit to New Zealand than the the U.K. according to a similar assessment.
Both deals add to our negative balance of payments .
A select committee has lambasted the governments refusal to reveal the full impact report before pushing the deal through parliament. The question was raised why not release it and what is being hidden.
Another interesting read highlighting similar concerns.
https://www.tjm.org.uk/blog/2022/controversial-australia-trade-deal-set-to-pass-through-parliament-with-no-debate
The response of the NFU who try to protect U.K. producers over imports to protect workers and producers so it’s not a union in the model of the TUC.
“While it is reassuring that this deal will not result in a change in production standards here – for instance, imports of hormone-reared beef will still be banned ( Reece Mogg quoted as saying “we are aiming to work towards a ban” so not sure how solid this actual ban is) – the report confirms that this FTA simply opens up UK agricultural markets for Australian produce, whether or not produced to the same standards that are legally required of UK farmers.” NOTE THEY DO NOT HAVE TO MEET OUR STANDARDS!
“This deal will pave the way for others to follow and I’m increasingly concerned about the cumulative impact of the government’s FTA programme, especially as its own impact assessments anticipate a negative economic impact on UK farmers.”
MPs don’t seem to be too impressed either. The governments comment in this report below that “there may be unseen benefits” is just comical. The ratio of EU losses to new trade deals is staggering. The forecasts of all new trade deals at their most optimistic according to a government select committee improve that quoted ratio from £1 -178 (loss) to £8 - 178. Hardly a resounding win is it. Sussex university for figures so no think tanks.
https://www.independent.co.uk/news/uk/politics/brexit-trade-deals-benefits-pac-b2038227.html?r=54406
https://www.theguardian.com/business/2021/dec/27/brexit-the-biggest-disaster-that-any-government-has-ever-negotiated
https://www.thelondoneconomic.com/news/brexit-losses-more-than-178-times-bigger-than-trade-deal-gains-research-300370/
Brexit is an economic disaster for the U.K. it has added costs to business. Hampered access to markets. 28% of U.K. businesses that exported to the EU prior to Brexit now do not export. It has added to inflation through more expensive import and export costs.
It has reduced the number of workers in the U.K. including some in critical posts such as care workers, nhs workers and construction.
Production at many factories and farms has been reduced due to a lack of labour which has resulted in more imports in those markets further hurting those producers.
Economies of scale will then in turn further turn the screw.
The damage is ongoing and increasing. Winning.
"
Well said |
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By (user no longer on site)
over a year ago
|
"Thank you for the admissions on the corrections.
If I come across as curt. Its ore of s reflection of the constant made up numbers and lies on these threads I have to provide official sources of data for.
I had one person telling me yesterday we import gas from Norway via tankers and refused to admit they made it up when I supplied the ONS data showing no lng imports arrived from Norway via tankers.
They also claimed the usa was no longer delivering LNG and refused to apologise when I gave them the name of a boat from texas delivering it here today and to the port.
People can have a view on a political debate. But I've no idea why grown adults are lying and can't admit it.
I don’t take offence and am happy to admit when I’m wrong. I’ve got nothing to prove . It’s a bit of light hearted fun for me.
I’ll agree to disagree on the employment/working numbers.
The BOE have spent £19B so far but have had to set aside £65B for expected purchases. That will resolve over the next few weeks. As I mentioned the number is mute because they can off load the purchases. The worry is the BOE only runs with around £100B in funds so whilst it can top up at around £500m a year it’s not limitless funding.
The gilts rising prior was rumoured to be based on Kwasi leaking his thoughts during a chat prior to his minor fiscal event. No proof just rumours.
The £62B was definitely the IMF according to the FT.
If you detest the made up stuff and lies then you would tend to be calling out the OP for the post as it’s untrue and misleading.
As I said it’s just fun so feel free to rage as I won’t think you are a cunt at all I promise.
Have a good week .
The bofe purchasing was only lasting 15 days.
Those 15 days have now passed
What rumour? Liz truss was elected on her pledge to reduce the halt the increase in corporation tax and ni. So it couldn't have been kn that assessment. Or it would habe happened on her being elected. But they waited u till the bofe interest rate announcement then immediately swung?
The 62 billion is only quoted as IFS. The IFS doesn't make such speculations.
Firstly the state OP stated we “are” the fastest growing economy and you stated we are “forecast to be” so not sure you are correct in confirming his statement as correct. Given the mini budget and recent figures both now seem dubious. Unless of course you have a time machine.
As for hustings comments I doubt any trader would believe the rhetoric was genuine and would suspect she was playing to the right wing members in front of her. I doubt if any thought she was stupid enough to act on her comments in such a catastrophic way. How wrong could they be.
Feel free to watch the tube video - named below. Posted by Joe politics. It is an unedited recording of a select committee discussion with financial specialists quoting the BOE and other sources relating to the mini budget.
It clearly confirms the plan on tax cuts was leaked before so a few traders were hedging before.
It clearly confirms the dramatic market reaction was directly related to the mini budget, which was free of any supporting financial budgets. “Index linked rates doubled overnight”. We were in a fragile state already in great part due to Brexit. “Straw that broke the camels back” is the quote.
The BOE intervention is continuing until the 11th November. It has moved from direct purchase to financial support of the bond holder’s banks to underwrite deals specific to bonds.
One worrying quote was the accusation of guerrilla tactics used by the government to undermine the established financial institutions including Liz Truss remarks on the BOE independence. This along with dismissing any need for the OBR to be involved.
“Finance experts debunk Jacob Reece Mogg’s economic policy in select committee.”
Credit Joe politics
OK maybe you don't know what the "outlook" report is. The key is in the name. They look at the future expectations.
If you're wanting prior data as well. Then yes we are the fastest growing. We grew the fastest in 2021
Uk 7.4
Japan1.7
Italy 6.6
France 6.8
Germany 2.6
Usa 5.7
Canada 4.5
Again 2022 " outlook
Uk3.6
Canada 3.3
Japan1.7
Italy 3.2
France 2.5
Germany 1.5
Usa 3.6
Would you like any more clarification?
No thanks
How did we do in August?
Also as we have still not recovered to pre pandemic the numbers above are not like for like are they!
Please feel free to clarify the other points above. Thanks
Sometimes it's better the swallow your pride and admit you were wrong? Surely as an adult you can do that?
Regarding the pre pandemic.
Y
Do you know what a gdp deflator is? I think you should look that up first. Then come back.
I am going to start being quite acerbic in my responses. If you aren't going to acknowledge your mistakes. And apologise.
I'll speak to you like a child.
It’s an open forum and people are free to engage with you or not but a word to the wise….if you are going to be rude then don’t expect the conversation to last "
Tbh, I think he might be having a tantrum |
Reply privately, Reply in forum +quote
or View forums list | |
"Thank you for the admissions on the corrections.
If I come across as curt. Its ore of s reflection of the constant made up numbers and lies on these threads I have to provide official sources of data for.
I had one person telling me yesterday we import gas from Norway via tankers and refused to admit they made it up when I supplied the ONS data showing no lng imports arrived from Norway via tankers.
They also claimed the usa was no longer delivering LNG and refused to apologise when I gave them the name of a boat from texas delivering it here today and to the port.
People can have a view on a political debate. But I've no idea why grown adults are lying and can't admit it.
I don’t take offence and am happy to admit when I’m wrong. I’ve got nothing to prove . It’s a bit of light hearted fun for me.
I’ll agree to disagree on the employment/working numbers.
The BOE have spent £19B so far but have had to set aside £65B for expected purchases. That will resolve over the next few weeks. As I mentioned the number is mute because they can off load the purchases. The worry is the BOE only runs with around £100B in funds so whilst it can top up at around £500m a year it’s not limitless funding.
The gilts rising prior was rumoured to be based on Kwasi leaking his thoughts during a chat prior to his minor fiscal event. No proof just rumours.
The £62B was definitely the IMF according to the FT.
If you detest the made up stuff and lies then you would tend to be calling out the OP for the post as it’s untrue and misleading.
As I said it’s just fun so feel free to rage as I won’t think you are a cunt at all I promise.
Have a good week .
The bofe purchasing was only lasting 15 days.
Those 15 days have now passed
What rumour? Liz truss was elected on her pledge to reduce the halt the increase in corporation tax and ni. So it couldn't have been kn that assessment. Or it would habe happened on her being elected. But they waited u till the bofe interest rate announcement then immediately swung?
The 62 billion is only quoted as IFS. The IFS doesn't make such speculations.
Firstly the state OP stated we “are” the fastest growing economy and you stated we are “forecast to be” so not sure you are correct in confirming his statement as correct. Given the mini budget and recent figures both now seem dubious. Unless of course you have a time machine.
As for hustings comments I doubt any trader would believe the rhetoric was genuine and would suspect she was playing to the right wing members in front of her. I doubt if any thought she was stupid enough to act on her comments in such a catastrophic way. How wrong could they be.
Feel free to watch the tube video - named below. Posted by Joe politics. It is an unedited recording of a select committee discussion with financial specialists quoting the BOE and other sources relating to the mini budget.
It clearly confirms the plan on tax cuts was leaked before so a few traders were hedging before.
It clearly confirms the dramatic market reaction was directly related to the mini budget, which was free of any supporting financial budgets. “Index linked rates doubled overnight”. We were in a fragile state already in great part due to Brexit. “Straw that broke the camels back” is the quote.
The BOE intervention is continuing until the 11th November. It has moved from direct purchase to financial support of the bond holder’s banks to underwrite deals specific to bonds.
One worrying quote was the accusation of guerrilla tactics used by the government to undermine the established financial institutions including Liz Truss remarks on the BOE independence. This along with dismissing any need for the OBR to be involved.
“Finance experts debunk Jacob Reece Mogg’s economic policy in select committee.”
Credit Joe politics
OK maybe you don't know what the "outlook" report is. The key is in the name. They look at the future expectations.
If you're wanting prior data as well. Then yes we are the fastest growing. We grew the fastest in 2021
Uk 7.4
Japan1.7
Italy 6.6
France 6.8
Germany 2.6
Usa 5.7
Canada 4.5
Again 2022 " outlook
Uk3.6
Canada 3.3
Japan1.7
Italy 3.2
France 2.5
Germany 1.5
Usa 3.6
Would you like any more clarification?
No thanks
How did we do in August?
Also as we have still not recovered to pre pandemic the numbers above are not like for like are they!
Please feel free to clarify the other points above. Thanks
Sometimes it's better the swallow your pride and admit you were wrong? Surely as an adult you can do that?
Regarding the pre pandemic.
Y
Do you know what a gdp deflator is? I think you should look that up first. Then come back.
I am going to start being quite acerbic in my responses. If you aren't going to acknowledge your mistakes. And apologise.
I'll speak to you like a child.
It’s an open forum and people are free to engage with you or not but a word to the wise….if you are going to be rude then don’t expect the conversation to last "
If people are going to be ignorant and refuse to apologise when demonstrably wrong and act like children. Don't expect to be conversed with in any other manner.
|
Reply privately, Reply in forum +quote
or View forums list | |
"Thank you for the admissions on the corrections.
If I come across as curt. Its ore of s reflection of the constant made up numbers and lies on these threads I have to provide official sources of data for.
I had one person telling me yesterday we import gas from Norway via tankers and refused to admit they made it up when I supplied the ONS data showing no lng imports arrived from Norway via tankers.
They also claimed the usa was no longer delivering LNG and refused to apologise when I gave them the name of a boat from texas delivering it here today and to the port.
People can have a view on a political debate. But I've no idea why grown adults are lying and can't admit it.
I don’t take offence and am happy to admit when I’m wrong. I’ve got nothing to prove . It’s a bit of light hearted fun for me.
I’ll agree to disagree on the employment/working numbers.
The BOE have spent £19B so far but have had to set aside £65B for expected purchases. That will resolve over the next few weeks. As I mentioned the number is mute because they can off load the purchases. The worry is the BOE only runs with around £100B in funds so whilst it can top up at around £500m a year it’s not limitless funding.
The gilts rising prior was rumoured to be based on Kwasi leaking his thoughts during a chat prior to his minor fiscal event. No proof just rumours.
The £62B was definitely the IMF according to the FT.
If you detest the made up stuff and lies then you would tend to be calling out the OP for the post as it’s untrue and misleading.
As I said it’s just fun so feel free to rage as I won’t think you are a cunt at all I promise.
Have a good week .
The bofe purchasing was only lasting 15 days.
Those 15 days have now passed
What rumour? Liz truss was elected on her pledge to reduce the halt the increase in corporation tax and ni. So it couldn't have been kn that assessment. Or it would habe happened on her being elected. But they waited u till the bofe interest rate announcement then immediately swung?
The 62 billion is only quoted as IFS. The IFS doesn't make such speculations.
Firstly the state OP stated we “are” the fastest growing economy and you stated we are “forecast to be” so not sure you are correct in confirming his statement as correct. Given the mini budget and recent figures both now seem dubious. Unless of course you have a time machine.
As for hustings comments I doubt any trader would believe the rhetoric was genuine and would suspect she was playing to the right wing members in front of her. I doubt if any thought she was stupid enough to act on her comments in such a catastrophic way. How wrong could they be.
Feel free to watch the tube video - named below. Posted by Joe politics. It is an unedited recording of a select committee discussion with financial specialists quoting the BOE and other sources relating to the mini budget.
It clearly confirms the plan on tax cuts was leaked before so a few traders were hedging before.
It clearly confirms the dramatic market reaction was directly related to the mini budget, which was free of any supporting financial budgets. “Index linked rates doubled overnight”. We were in a fragile state already in great part due to Brexit. “Straw that broke the camels back” is the quote.
The BOE intervention is continuing until the 11th November. It has moved from direct purchase to financial support of the bond holder’s banks to underwrite deals specific to bonds.
One worrying quote was the accusation of guerrilla tactics used by the government to undermine the established financial institutions including Liz Truss remarks on the BOE independence. This along with dismissing any need for the OBR to be involved.
“Finance experts debunk Jacob Reece Mogg’s economic policy in select committee.”
Credit Joe politics
OK maybe you don't know what the "outlook" report is. The key is in the name. They look at the future expectations.
If you're wanting prior data as well. Then yes we are the fastest growing. We grew the fastest in 2021
Uk 7.4
Japan1.7
Italy 6.6
France 6.8
Germany 2.6
Usa 5.7
Canada 4.5
Again 2022 " outlook
Uk3.6
Canada 3.3
Japan1.7
Italy 3.2
France 2.5
Germany 1.5
Usa 3.6
Would you like any more clarification?
No thanks
How did we do in August?
Also as we have still not recovered to pre pandemic the numbers above are not like for like are they!
Please feel free to clarify the other points above. Thanks
Sometimes it's better the swallow your pride and admit you were wrong? Surely as an adult you can do that?
Regarding the pre pandemic.
Y
Do you know what a gdp deflator is? I think you should look that up first. Then come back.
I am going to start being quite acerbic in my responses. If you aren't going to acknowledge your mistakes. And apologise.
I'll speak to you like a child.
It’s an open forum and people are free to engage with you or not but a word to the wise….if you are going to be rude then don’t expect the conversation to last
Tbh, I think he might be having a tantrum "
No tantrum
They were caught out being completely ignorant of the facts.
Part of being an adult is admitting culpability when you are wrong.
They chose not to do that.
I engage quite openly and back up my points with data and reports/ agreements.
Sadly most people on these forums read a headline and that's as far as it goes.
If they can't be bothered to read the imf report and get it completely wrong. Then quote the IFS as the IMF and not understand the difference.
The I will treat them with the ineptitude they deserve.
|
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|
By *eroy1000Man
over a year ago
milton keynes |
"Thank you for the admissions on the corrections.
If I come across as curt. Its ore of s reflection of the constant made up numbers and lies on these threads I have to provide official sources of data for.
I had one person telling me yesterday we import gas from Norway via tankers and refused to admit they made it up when I supplied the ONS data showing no lng imports arrived from Norway via tankers.
They also claimed the usa was no longer delivering LNG and refused to apologise when I gave them the name of a boat from texas delivering it here today and to the port.
People can have a view on a political debate. But I've no idea why grown adults are lying and can't admit it.
I don’t take offence and am happy to admit when I’m wrong. I’ve got nothing to prove . It’s a bit of light hearted fun for me.
I’ll agree to disagree on the employment/working numbers.
The BOE have spent £19B so far but have had to set aside £65B for expected purchases. That will resolve over the next few weeks. As I mentioned the number is mute because they can off load the purchases. The worry is the BOE only runs with around £100B in funds so whilst it can top up at around £500m a year it’s not limitless funding.
The gilts rising prior was rumoured to be based on Kwasi leaking his thoughts during a chat prior to his minor fiscal event. No proof just rumours.
The £62B was definitely the IMF according to the FT.
If you detest the made up stuff and lies then you would tend to be calling out the OP for the post as it’s untrue and misleading.
As I said it’s just fun so feel free to rage as I won’t think you are a cunt at all I promise.
Have a good week .
The bofe purchasing was only lasting 15 days.
Those 15 days have now passed
What rumour? Liz truss was elected on her pledge to reduce the halt the increase in corporation tax and ni. So it couldn't have been kn that assessment. Or it would habe happened on her being elected. But they waited u till the bofe interest rate announcement then immediately swung?
The 62 billion is only quoted as IFS. The IFS doesn't make such speculations.
Firstly the state OP stated we “are” the fastest growing economy and you stated we are “forecast to be” so not sure you are correct in confirming his statement as correct. Given the mini budget and recent figures both now seem dubious. Unless of course you have a time machine.
As for hustings comments I doubt any trader would believe the rhetoric was genuine and would suspect she was playing to the right wing members in front of her. I doubt if any thought she was stupid enough to act on her comments in such a catastrophic way. How wrong could they be.
Feel free to watch the tube video - named below. Posted by Joe politics. It is an unedited recording of a select committee discussion with financial specialists quoting the BOE and other sources relating to the mini budget.
It clearly confirms the plan on tax cuts was leaked before so a few traders were hedging before.
It clearly confirms the dramatic market reaction was directly related to the mini budget, which was free of any supporting financial budgets. “Index linked rates doubled overnight”. We were in a fragile state already in great part due to Brexit. “Straw that broke the camels back” is the quote.
The BOE intervention is continuing until the 11th November. It has moved from direct purchase to financial support of the bond holder’s banks to underwrite deals specific to bonds.
One worrying quote was the accusation of guerrilla tactics used by the government to undermine the established financial institutions including Liz Truss remarks on the BOE independence. This along with dismissing any need for the OBR to be involved.
“Finance experts debunk Jacob Reece Mogg’s economic policy in select committee.”
Credit Joe politics
OK maybe you don't know what the "outlook" report is. The key is in the name. They look at the future expectations.
If you're wanting prior data as well. Then yes we are the fastest growing. We grew the fastest in 2021
Uk 7.4
Japan1.7
Italy 6.6
France 6.8
Germany 2.6
Usa 5.7
Canada 4.5
Again 2022 " outlook
Uk3.6
Canada 3.3
Japan1.7
Italy 3.2
France 2.5
Germany 1.5
Usa 3.6
Would you like any more clarification?
No thanks
How did we do in August?
Also as we have still not recovered to pre pandemic the numbers above are not like for like are they!
Please feel free to clarify the other points above. Thanks
Sometimes it's better the swallow your pride and admit you were wrong? Surely as an adult you can do that?
Regarding the pre pandemic.
Y
Do you know what a gdp deflator is? I think you should look that up first. Then come back.
I am going to start being quite acerbic in my responses. If you aren't going to acknowledge your mistakes. And apologise.
I'll speak to you like a child."
When I look at the ONS reports on GDP there is a warning that the latest data is not comparable to previous data. Is this the deflator thing you mention. I learnt some time ago that the UK had recovered from covid, I think it was January or February this year. It was a topic on these forums to if I recall correctly. What ever the official figures are I think we are in for a tough time |
Reply privately, Reply in forum +quote
or View forums list | |
"Thank you for the admissions on the corrections.
If I come across as curt. Its ore of s reflection of the constant made up numbers and lies on these threads I have to provide official sources of data for.
I had one person telling me yesterday we import gas from Norway via tankers and refused to admit they made it up when I supplied the ONS data showing no lng imports arrived from Norway via tankers.
They also claimed the usa was no longer delivering LNG and refused to apologise when I gave them the name of a boat from texas delivering it here today and to the port.
People can have a view on a political debate. But I've no idea why grown adults are lying and can't admit it.
I don’t take offence and am happy to admit when I’m wrong. I’ve got nothing to prove . It’s a bit of light hearted fun for me.
I’ll agree to disagree on the employment/working numbers.
The BOE have spent £19B so far but have had to set aside £65B for expected purchases. That will resolve over the next few weeks. As I mentioned the number is mute because they can off load the purchases. The worry is the BOE only runs with around £100B in funds so whilst it can top up at around £500m a year it’s not limitless funding.
The gilts rising prior was rumoured to be based on Kwasi leaking his thoughts during a chat prior to his minor fiscal event. No proof just rumours.
The £62B was definitely the IMF according to the FT.
If you detest the made up stuff and lies then you would tend to be calling out the OP for the post as it’s untrue and misleading.
As I said it’s just fun so feel free to rage as I won’t think you are a cunt at all I promise.
Have a good week .
The bofe purchasing was only lasting 15 days.
Those 15 days have now passed
What rumour? Liz truss was elected on her pledge to reduce the halt the increase in corporation tax and ni. So it couldn't have been kn that assessment. Or it would habe happened on her being elected. But they waited u till the bofe interest rate announcement then immediately swung?
The 62 billion is only quoted as IFS. The IFS doesn't make such speculations.
Firstly the state OP stated we “are” the fastest growing economy and you stated we are “forecast to be” so not sure you are correct in confirming his statement as correct. Given the mini budget and recent figures both now seem dubious. Unless of course you have a time machine.
As for hustings comments I doubt any trader would believe the rhetoric was genuine and would suspect she was playing to the right wing members in front of her. I doubt if any thought she was stupid enough to act on her comments in such a catastrophic way. How wrong could they be.
Feel free to watch the tube video - named below. Posted by Joe politics. It is an unedited recording of a select committee discussion with financial specialists quoting the BOE and other sources relating to the mini budget.
It clearly confirms the plan on tax cuts was leaked before so a few traders were hedging before.
It clearly confirms the dramatic market reaction was directly related to the mini budget, which was free of any supporting financial budgets. “Index linked rates doubled overnight”. We were in a fragile state already in great part due to Brexit. “Straw that broke the camels back” is the quote.
The BOE intervention is continuing until the 11th November. It has moved from direct purchase to financial support of the bond holder’s banks to underwrite deals specific to bonds.
One worrying quote was the accusation of guerrilla tactics used by the government to undermine the established financial institutions including Liz Truss remarks on the BOE independence. This along with dismissing any need for the OBR to be involved.
“Finance experts debunk Jacob Reece Mogg’s economic policy in select committee.”
Credit Joe politics
OK maybe you don't know what the "outlook" report is. The key is in the name. They look at the future expectations.
If you're wanting prior data as well. Then yes we are the fastest growing. We grew the fastest in 2021
Uk 7.4
Japan1.7
Italy 6.6
France 6.8
Germany 2.6
Usa 5.7
Canada 4.5
Again 2022 " outlook
Uk3.6
Canada 3.3
Japan1.7
Italy 3.2
France 2.5
Germany 1.5
Usa 3.6
Would you like any more clarification?
No thanks
How did we do in August?
Also as we have still not recovered to pre pandemic the numbers above are not like for like are they!
Please feel free to clarify the other points above. Thanks
Sometimes it's better the swallow your pride and admit you were wrong? Surely as an adult you can do that?
Regarding the pre pandemic.
Y
Do you know what a gdp deflator is? I think you should look that up first. Then come back.
I am going to start being quite acerbic in my responses. If you aren't going to acknowledge your mistakes. And apologise.
I'll speak to you like a child.
When I look at the ONS reports on GDP there is a warning that the latest data is not comparable to previous data. Is this the deflator thing you mention. I learnt some time ago that the UK had recovered from covid, I think it was January or February this year. It was a topic on these forums to if I recall correctly. What ever the official figures are I think we are in for a tough time"
Yes it is.
Essentially gdp is a measure of how many transaction occurr for an economy for services and goods and the value.
Now the problem ofcourse is that for 10 years we had 0-2% inflation so no chanhes were necessary. But now inflation is 10% they've had to adjust the deflator. Because ( hypothetically) we may have had less transactions but the gdp has gone up driven by prices ao its not a fair representation of our transactional growth in sales
We had recovered and grown 1.2% but we are now ( I can't quite remember... 0.3% behind?)
This is because they have adjusted that inflation deflator to better represent the likely number of transactions.
Germany France Italy the USA etc have not done this or done it to a much lesser degree.
Hoping this makes some sort of sense |
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The uk is no doubt in for a rough time much like almost every other country. Growth built on printing money is not growth but inflationary.
Low interest rates have enabled government to spend idiotically and "asset" bubbles to be created.
Japan are in for a rude awakening Italy too. Germany is actually OK USA is in trouble. We aren't in a great position ourselves.
|
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By *eroy1000Man
over a year ago
milton keynes |
"Thank you for the admissions on the corrections.
If I come across as curt. Its ore of s reflection of the constant made up numbers and lies on these threads I have to provide official sources of data for.
I had one person telling me yesterday we import gas from Norway via tankers and refused to admit they made it up when I supplied the ONS data showing no lng imports arrived from Norway via tankers.
They also claimed the usa was no longer delivering LNG and refused to apologise when I gave them the name of a boat from texas delivering it here today and to the port.
People can have a view on a political debate. But I've no idea why grown adults are lying and can't admit it.
I don’t take offence and am happy to admit when I’m wrong. I’ve got nothing to prove . It’s a bit of light hearted fun for me.
I’ll agree to disagree on the employment/working numbers.
The BOE have spent £19B so far but have had to set aside £65B for expected purchases. That will resolve over the next few weeks. As I mentioned the number is mute because they can off load the purchases. The worry is the BOE only runs with around £100B in funds so whilst it can top up at around £500m a year it’s not limitless funding.
The gilts rising prior was rumoured to be based on Kwasi leaking his thoughts during a chat prior to his minor fiscal event. No proof just rumours.
The £62B was definitely the IMF according to the FT.
If you detest the made up stuff and lies then you would tend to be calling out the OP for the post as it’s untrue and misleading.
As I said it’s just fun so feel free to rage as I won’t think you are a cunt at all I promise.
Have a good week .
The bofe purchasing was only lasting 15 days.
Those 15 days have now passed
What rumour? Liz truss was elected on her pledge to reduce the halt the increase in corporation tax and ni. So it couldn't have been kn that assessment. Or it would habe happened on her being elected. But they waited u till the bofe interest rate announcement then immediately swung?
The 62 billion is only quoted as IFS. The IFS doesn't make such speculations.
Firstly the state OP stated we “are” the fastest growing economy and you stated we are “forecast to be” so not sure you are correct in confirming his statement as correct. Given the mini budget and recent figures both now seem dubious. Unless of course you have a time machine.
As for hustings comments I doubt any trader would believe the rhetoric was genuine and would suspect she was playing to the right wing members in front of her. I doubt if any thought she was stupid enough to act on her comments in such a catastrophic way. How wrong could they be.
Feel free to watch the tube video - named below. Posted by Joe politics. It is an unedited recording of a select committee discussion with financial specialists quoting the BOE and other sources relating to the mini budget.
It clearly confirms the plan on tax cuts was leaked before so a few traders were hedging before.
It clearly confirms the dramatic market reaction was directly related to the mini budget, which was free of any supporting financial budgets. “Index linked rates doubled overnight”. We were in a fragile state already in great part due to Brexit. “Straw that broke the camels back” is the quote.
The BOE intervention is continuing until the 11th November. It has moved from direct purchase to financial support of the bond holder’s banks to underwrite deals specific to bonds.
One worrying quote was the accusation of guerrilla tactics used by the government to undermine the established financial institutions including Liz Truss remarks on the BOE independence. This along with dismissing any need for the OBR to be involved.
“Finance experts debunk Jacob Reece Mogg’s economic policy in select committee.”
Credit Joe politics
OK maybe you don't know what the "outlook" report is. The key is in the name. They look at the future expectations.
If you're wanting prior data as well. Then yes we are the fastest growing. We grew the fastest in 2021
Uk 7.4
Japan1.7
Italy 6.6
France 6.8
Germany 2.6
Usa 5.7
Canada 4.5
Again 2022 " outlook
Uk3.6
Canada 3.3
Japan1.7
Italy 3.2
France 2.5
Germany 1.5
Usa 3.6
Would you like any more clarification?
No thanks
How did we do in August?
Also as we have still not recovered to pre pandemic the numbers above are not like for like are they!
Please feel free to clarify the other points above. Thanks
Sometimes it's better the swallow your pride and admit you were wrong? Surely as an adult you can do that?
Regarding the pre pandemic.
Y
Do you know what a gdp deflator is? I think you should look that up first. Then come back.
I am going to start being quite acerbic in my responses. If you aren't going to acknowledge your mistakes. And apologise.
I'll speak to you like a child.
When I look at the ONS reports on GDP there is a warning that the latest data is not comparable to previous data. Is this the deflator thing you mention. I learnt some time ago that the UK had recovered from covid, I think it was January or February this year. It was a topic on these forums to if I recall correctly. What ever the official figures are I think we are in for a tough time
Yes it is.
Essentially gdp is a measure of how many transaction occurr for an economy for services and goods and the value.
Now the problem ofcourse is that for 10 years we had 0-2% inflation so no chanhes were necessary. But now inflation is 10% they've had to adjust the deflator. Because ( hypothetically) we may have had less transactions but the gdp has gone up driven by prices ao its not a fair representation of our transactional growth in sales
We had recovered and grown 1.2% but we are now ( I can't quite remember... 0.3% behind?)
This is because they have adjusted that inflation deflator to better represent the likely number of transactions.
Germany France Italy the USA etc have not done this or done it to a much lesser degree.
Hoping this makes some sort of sense "
It does, thank you. I assumed all countries would calculate the same especially when it comes,to the deflator to adjust for inflation. If they do not or do not to the same extent as the UK then it makes their figures seem more positive than they actually are. |
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Just to add a final response as I feel the rudeness of our guy from Leeds needs his attention demands satisfying.
Regarding your left wing media comments the Daily Mail stated the recent mini budget was the best in years. Do you think they or the Telegraph would pay any attention to a negative or even balanced report?
Not sure when Sussex university became a left wing media den of extremists.
The economy had not at the end of June 2022 recovered to pre pandemic levels according to the parliamentary library . 0.02% Given the over 3% forecast claimed for this year that’s sone growth we’re looking at. People’s mortgages may impact that. Who knows it’s only a forecast !
If you were paid £10k in 2019 and then went off sick in 2020 losing income and having to borrow to pay your bills, then in 2021 you received £9.5k would you be telling your friends I’ve had a pay rise? I think you’d be saying my wages are growing but so far they are only recovering.
The 7.5% is recovering . You can complicate it as much as you like, feel free but the overall answer by our governments own unique U.K. measure is the same.
Now when it comes to the TAC report I have actually read it as I have recently got involved with a business in Australia .
So again your rudeness is very offensive.
The reason it is being questioned by MPs is it being lauded as vindication of a great deal but when you read the detail. The wording is very clouded.
Repeated throughout the report is endeavour to and it does not affect U.K. regulations.
When you look into this, the laws on animal welfare will be maintained by U.K. farmers for their products. Equally the Australians will maintain “THEIR” laws on animal welfare.
We retain “the right” to impose restrictions. This is not the same as imposing restrictions.
Article 25.1.4 in the animal welfare chapter is in similar terms:
Each Party shall “endeavour” to ensure that its laws, regulations and policies provide for and encourage high levels of animal welfare protection and shall endeavour to continue to improve their [sic] respective levels of animal welfare protection, including through their [sic] laws, regulations and policies.
As noted, this obligation is not enforceable by means of dispute settlement. NOTE THIS
Structurally, these are soft ‘endeavours’ obligations which only require the parties to ‘endeavour’ to ensure that their laws provide for high levels of environmental or animal welfare protection, or to continue to improve these levels of protection. It is difficult to determine what such an obligation might mean in practice. It does not require the parties to ensure high and improved levels of protection without qualification. But it might require the parties not to reduce their levels of protection without good reason it might also amount to a procedural obligation to consider ensuring high and improved levels of protection.”
Only one present import ban will continue as is and that is on growth hormone treated animals . This is presently being legally challenged and may result in the ban being lifted. ( it has taken years so far) If the ban is quashed the U.K. does have the option to then label the products if they so chose.
Just to end this from me and I will not respond again as I will not engage further in a conversation which is so aggressive on a swinging forum. This place is for lighthearted fun as I mentioned before . You really should consider who’s reading your aggressive insulting messages if you’re looking for meets.
As for peoples incompetence I’m sure as with all of us on here you’re not an expert in all fields. I also strongly suspect even with my so called incompetence my credit rating is considerably higher than yours so again you need to wind it down a touch!
You are obviously not a stupid man but your behaviour simply overrides any positive impression.
By all means question and debate with people but you don’t need to be rude or offensive about it! Especially considering the forum’s location.
Have fun on fab. I will not reply further.
|
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or View forums list | |
"Just to add a final response as I feel the rudeness of our guy from Leeds needs his attention demands satisfying.
Regarding your left wing media comments the Daily Mail stated the recent mini budget was the best in years. Do you think they or the Telegraph would pay any attention to a negative or even balanced report?
Not sure when Sussex university became a left wing media den of extremists.
The economy had not at the end of June 2022 recovered to pre pandemic levels according to the parliamentary library . 0.02% Given the over 3% forecast claimed for this year that’s sone growth we’re looking at. People’s mortgages may impact that. Who knows it’s only a forecast !
If you were paid £10k in 2019 and then went off sick in 2020 losing income and having to borrow to pay your bills, then in 2021 you received £9.5k would you be telling your friends I’ve had a pay rise? I think you’d be saying my wages are growing but so far they are only recovering.
The 7.5% is recovering . You can complicate it as much as you like, feel free but the overall answer by our governments own unique U.K. measure is the same.
Now when it comes to the TAC report I have actually read it as I have recently got involved with a business in Australia .
So again your rudeness is very offensive.
The reason it is being questioned by MPs is it being lauded as vindication of a great deal but when you read the detail. The wording is very clouded.
Repeated throughout the report is endeavour to and it does not affect U.K. regulations.
When you look into this, the laws on animal welfare will be maintained by U.K. farmers for their products. Equally the Australians will maintain “THEIR” laws on animal welfare.
We retain “the right” to impose restrictions. This is not the same as imposing restrictions.
Article 25.1.4 in the animal welfare chapter is in similar terms:
Each Party shall “endeavour” to ensure that its laws, regulations and policies provide for and encourage high levels of animal welfare protection and shall endeavour to continue to improve their [sic] respective levels of animal welfare protection, including through their [sic] laws, regulations and policies.
As noted, this obligation is not enforceable by means of dispute settlement. NOTE THIS
Structurally, these are soft ‘endeavours’ obligations which only require the parties to ‘endeavour’ to ensure that their laws provide for high levels of environmental or animal welfare protection, or to continue to improve these levels of protection. It is difficult to determine what such an obligation might mean in practice. It does not require the parties to ensure high and improved levels of protection without qualification. But it might require the parties not to reduce their levels of protection without good reason it might also amount to a procedural obligation to consider ensuring high and improved levels of protection.”
Only one present import ban will continue as is and that is on growth hormone treated animals . This is presently being legally challenged and may result in the ban being lifted. ( it has taken years so far) If the ban is quashed the U.K. does have the option to then label the products if they so chose.
Just to end this from me and I will not respond again as I will not engage further in a conversation which is so aggressive on a swinging forum. This place is for lighthearted fun as I mentioned before . You really should consider who’s reading your aggressive insulting messages if you’re looking for meets.
As for peoples incompetence I’m sure as with all of us on here you’re not an expert in all fields. I also strongly suspect even with my so called incompetence my credit rating is considerably higher than yours so again you need to wind it down a touch!
You are obviously not a stupid man but your behaviour simply overrides any positive impression.
By all means question and debate with people but you don’t need to be rude or offensive about it! Especially considering the forum’s location.
Have fun on fab. I will not reply further.
"
Well said |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Just to add a final response as I feel the rudeness of our guy from Leeds needs his attention demands satisfying.
Regarding your left wing media comments the Daily Mail stated the recent mini budget was the best in years. Do you think they or the Telegraph would pay any attention to a negative or even balanced report?
Not sure when Sussex university became a left wing media den of extremists.
The economy had not at the end of June 2022 recovered to pre pandemic levels according to the parliamentary library . 0.02% Given the over 3% forecast claimed for this year that’s sone growth we’re looking at. People’s mortgages may impact that. Who knows it’s only a forecast !
If you were paid £10k in 2019 and then went off sick in 2020 losing income and having to borrow to pay your bills, then in 2021 you received £9.5k would you be telling your friends I’ve had a pay rise? I think you’d be saying my wages are growing but so far they are only recovering.
The 7.5% is recovering . You can complicate it as much as you like, feel free but the overall answer by our governments own unique U.K. measure is the same.
Now when it comes to the TAC report I have actually read it as I have recently got involved with a business in Australia .
So again your rudeness is very offensive.
The reason it is being questioned by MPs is it being lauded as vindication of a great deal but when you read the detail. The wording is very clouded.
Repeated throughout the report is endeavour to and it does not affect U.K. regulations.
When you look into this, the laws on animal welfare will be maintained by U.K. farmers for their products. Equally the Australians will maintain “THEIR” laws on animal welfare.
We retain “the right” to impose restrictions. This is not the same as imposing restrictions.
Article 25.1.4 in the animal welfare chapter is in similar terms:
Each Party shall “endeavour” to ensure that its laws, regulations and policies provide for and encourage high levels of animal welfare protection and shall endeavour to continue to improve their [sic] respective levels of animal welfare protection, including through their [sic] laws, regulations and policies.
As noted, this obligation is not enforceable by means of dispute settlement. NOTE THIS
Structurally, these are soft ‘endeavours’ obligations which only require the parties to ‘endeavour’ to ensure that their laws provide for high levels of environmental or animal welfare protection, or to continue to improve these levels of protection. It is difficult to determine what such an obligation might mean in practice. It does not require the parties to ensure high and improved levels of protection without qualification. But it might require the parties not to reduce their levels of protection without good reason it might also amount to a procedural obligation to consider ensuring high and improved levels of protection.”
Only one present import ban will continue as is and that is on growth hormone treated animals . This is presently being legally challenged and may result in the ban being lifted. ( it has taken years so far) If the ban is quashed the U.K. does have the option to then label the products if they so chose.
Just to end this from me and I will not respond again as I will not engage further in a conversation which is so aggressive on a swinging forum. This place is for lighthearted fun as I mentioned before . You really should consider who’s reading your aggressive insulting messages if you’re looking for meets.
As for peoples incompetence I’m sure as with all of us on here you’re not an expert in all fields. I also strongly suspect even with my so called incompetence my credit rating is considerably higher than yours so again you need to wind it down a touch!
You are obviously not a stupid man but your behaviour simply overrides any positive impression.
By all means question and debate with people but you don’t need to be rude or offensive about it! Especially considering the forum’s location.
Have fun on fab. I will not reply further.
"
Ooof, you have just handed him his arse on a plate, very well said |
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|
By (user no longer on site)
over a year ago
|
"Thank you for the admissions on the corrections.
If I come across as curt. Its ore of s reflection of the constant made up numbers and lies on these threads I have to provide official sources of data for.
I had one person telling me yesterday we import gas from Norway via tankers and refused to admit they made it up when I supplied the ONS data showing no lng imports arrived from Norway via tankers.
They also claimed the usa was no longer delivering LNG and refused to apologise when I gave them the name of a boat from texas delivering it here today and to the port.
People can have a view on a political debate. But I've no idea why grown adults are lying and can't admit it.
I don’t take offence and am happy to admit when I’m wrong. I’ve got nothing to prove . It’s a bit of light hearted fun for me.
I’ll agree to disagree on the employment/working numbers.
The BOE have spent £19B so far but have had to set aside £65B for expected purchases. That will resolve over the next few weeks. As I mentioned the number is mute because they can off load the purchases. The worry is the BOE only runs with around £100B in funds so whilst it can top up at around £500m a year it’s not limitless funding.
The gilts rising prior was rumoured to be based on Kwasi leaking his thoughts during a chat prior to his minor fiscal event. No proof just rumours.
The £62B was definitely the IMF according to the FT.
If you detest the made up stuff and lies then you would tend to be calling out the OP for the post as it’s untrue and misleading.
As I said it’s just fun so feel free to rage as I won’t think you are a cunt at all I promise.
Have a good week .
The bofe purchasing was only lasting 15 days.
Those 15 days have now passed
What rumour? Liz truss was elected on her pledge to reduce the halt the increase in corporation tax and ni. So it couldn't have been kn that assessment. Or it would habe happened on her being elected. But they waited u till the bofe interest rate announcement then immediately swung?
The 62 billion is only quoted as IFS. The IFS doesn't make such speculations.
Firstly the state OP stated we “are” the fastest growing economy and you stated we are “forecast to be” so not sure you are correct in confirming his statement as correct. Given the mini budget and recent figures both now seem dubious. Unless of course you have a time machine.
As for hustings comments I doubt any trader would believe the rhetoric was genuine and would suspect she was playing to the right wing members in front of her. I doubt if any thought she was stupid enough to act on her comments in such a catastrophic way. How wrong could they be.
Feel free to watch the tube video - named below. Posted by Joe politics. It is an unedited recording of a select committee discussion with financial specialists quoting the BOE and other sources relating to the mini budget.
It clearly confirms the plan on tax cuts was leaked before so a few traders were hedging before.
It clearly confirms the dramatic market reaction was directly related to the mini budget, which was free of any supporting financial budgets. “Index linked rates doubled overnight”. We were in a fragile state already in great part due to Brexit. “Straw that broke the camels back” is the quote.
The BOE intervention is continuing until the 11th November. It has moved from direct purchase to financial support of the bond holder’s banks to underwrite deals specific to bonds.
One worrying quote was the accusation of guerrilla tactics used by the government to undermine the established financial institutions including Liz Truss remarks on the BOE independence. This along with dismissing any need for the OBR to be involved.
“Finance experts debunk Jacob Reece Mogg’s economic policy in select committee.”
Credit Joe politics
OK maybe you don't know what the "outlook" report is. The key is in the name. They look at the future expectations.
If you're wanting prior data as well. Then yes we are the fastest growing. We grew the fastest in 2021
Uk 7.4
Japan1.7
Italy 6.6
France 6.8
Germany 2.6
Usa 5.7
Canada 4.5
Again 2022 " outlook
Uk3.6
Canada 3.3
Japan1.7
Italy 3.2
France 2.5
Germany 1.5
Usa 3.6
Would you like any more clarification?
No thanks
How did we do in August?
Also as we have still not recovered to pre pandemic the numbers above are not like for like are they!
Please feel free to clarify the other points above. Thanks
Sometimes it's better the swallow your pride and admit you were wrong? Surely as an adult you can do that?
Regarding the pre pandemic.
Y
Do you know what a gdp deflator is? I think you should look that up first. Then come back.
I am going to start being quite acerbic in my responses. If you aren't going to acknowledge your mistakes. And apologise.
I'll speak to you like a child.
When I look at the ONS reports on GDP there is a warning that the latest data is not comparable to previous data. Is this the deflator thing you mention. I learnt some time ago that the UK had recovered from covid, I think it was January or February this year. It was a topic on these forums to if I recall correctly. What ever the official figures are I think we are in for a tough time
Yes it is.
Essentially gdp is a measure of how many transaction occurr for an economy for services and goods and the value.
Now the problem ofcourse is that for 10 years we had 0-2% inflation so no chanhes were necessary. But now inflation is 10% they've had to adjust the deflator. Because ( hypothetically) we may have had less transactions but the gdp has gone up driven by prices ao its not a fair representation of our transactional growth in sales
We had recovered and grown 1.2% but we are now ( I can't quite remember... 0.3% behind?)
This is because they have adjusted that inflation deflator to better represent the likely number of transactions.
Germany France Italy the USA etc have not done this or done it to a much lesser degree.
Hoping this makes some sort of sense "
how do you find out how "well" I flatiron has been folded in?
Destatis.de suggest they do price adjustments (same thing right?) |
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"Just to add a final response as I feel the rudeness of our guy from Leeds needs his attention demands satisfying.
Regarding your left wing media comments the Daily Mail stated the recent mini budget was the best in years. Do you think they or the Telegraph would pay any attention to a negative or even balanced report?
Not sure when Sussex university became a left wing media den of extremists.
The economy had not at the end of June 2022 recovered to pre pandemic levels according to the parliamentary library . 0.02% Given the over 3% forecast claimed for this year that’s sone growth we’re looking at. People’s mortgages may impact that. Who knows it’s only a forecast !
If you were paid £10k in 2019 and then went off sick in 2020 losing income and having to borrow to pay your bills, then in 2021 you received £9.5k would you be telling your friends I’ve had a pay rise? I think you’d be saying my wages are growing but so far they are only recovering.
The 7.5% is recovering . You can complicate it as much as you like, feel free but the overall answer by our governments own unique U.K. measure is the same.
Now when it comes to the TAC report I have actually read it as I have recently got involved with a business in Australia .
So again your rudeness is very offensive.
The reason it is being questioned by MPs is it being lauded as vindication of a great deal but when you read the detail. The wording is very clouded.
Repeated throughout the report is endeavour to and it does not affect U.K. regulations.
When you look into this, the laws on animal welfare will be maintained by U.K. farmers for their products. Equally the Australians will maintain “THEIR” laws on animal welfare.
We retain “the right” to impose restrictions. This is not the same as imposing restrictions.
Article 25.1.4 in the animal welfare chapter is in similar terms:
Each Party shall “endeavour” to ensure that its laws, regulations and policies provide for and encourage high levels of animal welfare protection and shall endeavour to continue to improve their [sic] respective levels of animal welfare protection, including through their [sic] laws, regulations and policies.
As noted, this obligation is not enforceable by means of dispute settlement. NOTE THIS
Structurally, these are soft ‘endeavours’ obligations which only require the parties to ‘endeavour’ to ensure that their laws provide for high levels of environmental or animal welfare protection, or to continue to improve these levels of protection. It is difficult to determine what such an obligation might mean in practice. It does not require the parties to ensure high and improved levels of protection without qualification. But it might require the parties not to reduce their levels of protection without good reason it might also amount to a procedural obligation to consider ensuring high and improved levels of protection.”
Only one present import ban will continue as is and that is on growth hormone treated animals . This is presently being legally challenged and may result in the ban being lifted. ( it has taken years so far) If the ban is quashed the U.K. does have the option to then label the products if they so chose.
Just to end this from me and I will not respond again as I will not engage further in a conversation which is so aggressive on a swinging forum. This place is for lighthearted fun as I mentioned before . You really should consider who’s reading your aggressive insulting messages if you’re looking for meets.
As for peoples incompetence I’m sure as with all of us on here you’re not an expert in all fields. I also strongly suspect even with my so called incompetence my credit rating is considerably higher than yours so again you need to wind it down a touch!
You are obviously not a stupid man but your behaviour simply overrides any positive impression.
By all means question and debate with people but you don’t need to be rude or offensive about it! Especially considering the forum’s location.
Have fun on fab. I will not reply further.
"
I am sorry facts trumped feelings for you on this issue.
Regarding the recovery...did you miss the point on the deflator.
I am glad you read the report.
Each party will endeavour. In no agreement can any 1 ever say that no meat will enter.
Look at the single market. Horse meat being paraded as beef in 2012.
The same wording is in all e.u agreements.
The TAC report was quite comprehensive in its rebuking of this fantasy that Australian farms will willy nilly send over hormone injected beef.
The uk approves set farms that can raise animals for uk meat, they are audited by Australia gov and should we choose to. Audited by us.( in the fta)
There are agreed exporters who must adhere to out requirements for exports.
Endeavours will always be soft. Unless the uk sends over individuals to monitor every approved farm and slaughterhouse. I'm not sure how a hard obligation can be enforced. Do you believe we monitored every e.u slaughterhouse and production farm?
The rest you wrote on import bans is quite frankly fantasy thinking. And not based on anything factual. Just your own. Musings.
|
Reply privately, Reply in forum +quote
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"Just to add a final response as I feel the rudeness of our guy from Leeds needs his attention demands satisfying.
Regarding your left wing media comments the Daily Mail stated the recent mini budget was the best in years. Do you think they or the Telegraph would pay any attention to a negative or even balanced report?
Not sure when Sussex university became a left wing media den of extremists.
The economy had not at the end of June 2022 recovered to pre pandemic levels according to the parliamentary library . 0.02% Given the over 3% forecast claimed for this year that’s sone growth we’re looking at. People’s mortgages may impact that. Who knows it’s only a forecast !
If you were paid £10k in 2019 and then went off sick in 2020 losing income and having to borrow to pay your bills, then in 2021 you received £9.5k would you be telling your friends I’ve had a pay rise? I think you’d be saying my wages are growing but so far they are only recovering.
The 7.5% is recovering . You can complicate it as much as you like, feel free but the overall answer by our governments own unique U.K. measure is the same.
Now when it comes to the TAC report I have actually read it as I have recently got involved with a business in Australia .
So again your rudeness is very offensive.
The reason it is being questioned by MPs is it being lauded as vindication of a great deal but when you read the detail. The wording is very clouded.
Repeated throughout the report is endeavour to and it does not affect U.K. regulations.
When you look into this, the laws on animal welfare will be maintained by U.K. farmers for their products. Equally the Australians will maintain “THEIR” laws on animal welfare.
We retain “the right” to impose restrictions. This is not the same as imposing restrictions.
Article 25.1.4 in the animal welfare chapter is in similar terms:
Each Party shall “endeavour” to ensure that its laws, regulations and policies provide for and encourage high levels of animal welfare protection and shall endeavour to continue to improve their [sic] respective levels of animal welfare protection, including through their [sic] laws, regulations and policies.
As noted, this obligation is not enforceable by means of dispute settlement. NOTE THIS
Structurally, these are soft ‘endeavours’ obligations which only require the parties to ‘endeavour’ to ensure that their laws provide for high levels of environmental or animal welfare protection, or to continue to improve these levels of protection. It is difficult to determine what such an obligation might mean in practice. It does not require the parties to ensure high and improved levels of protection without qualification. But it might require the parties not to reduce their levels of protection without good reason it might also amount to a procedural obligation to consider ensuring high and improved levels of protection.”
Only one present import ban will continue as is and that is on growth hormone treated animals . This is presently being legally challenged and may result in the ban being lifted. ( it has taken years so far) If the ban is quashed the U.K. does have the option to then label the products if they so chose.
Just to end this from me and I will not respond again as I will not engage further in a conversation which is so aggressive on a swinging forum. This place is for lighthearted fun as I mentioned before . You really should consider who’s reading your aggressive insulting messages if you’re looking for meets.
As for peoples incompetence I’m sure as with all of us on here you’re not an expert in all fields. I also strongly suspect even with my so called incompetence my credit rating is considerably higher than yours so again you need to wind it down a touch!
You are obviously not a stupid man but your behaviour simply overrides any positive impression.
By all means question and debate with people but you don’t need to be rude or offensive about it! Especially considering the forum’s location.
Have fun on fab. I will not reply further.
Ooof, you have just handed him his arse on a plate, very well said "
I am sorry to say all they have highlighted is an ignorance of the inability to understand how fre trade agreements work. Or how monitoring occurs withing these ftas.
If they'd have bothered to read e.u ftas they'd have noted the same soft measures. Had they have bothered to look at the fallibility of the SM they'd have noticed the same issues.
The TCA categorically stated there's is no measure in the fta/ uk that allows imported beef / lamb etc legally at a lower standard than UK farmers production methods |
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|
By (user no longer on site)
over a year ago
|
"Just to add a final response as I feel the rudeness of our guy from Leeds needs his attention demands satisfying.
Regarding your left wing media comments the Daily Mail stated the recent mini budget was the best in years. Do you think they or the Telegraph would pay any attention to a negative or even balanced report?
Not sure when Sussex university became a left wing media den of extremists.
The economy had not at the end of June 2022 recovered to pre pandemic levels according to the parliamentary library . 0.02% Given the over 3% forecast claimed for this year that’s sone growth we’re looking at. People’s mortgages may impact that. Who knows it’s only a forecast !
If you were paid £10k in 2019 and then went off sick in 2020 losing income and having to borrow to pay your bills, then in 2021 you received £9.5k would you be telling your friends I’ve had a pay rise? I think you’d be saying my wages are growing but so far they are only recovering.
The 7.5% is recovering . You can complicate it as much as you like, feel free but the overall answer by our governments own unique U.K. measure is the same.
Now when it comes to the TAC report I have actually read it as I have recently got involved with a business in Australia .
So again your rudeness is very offensive.
The reason it is being questioned by MPs is it being lauded as vindication of a great deal but when you read the detail. The wording is very clouded.
Repeated throughout the report is endeavour to and it does not affect U.K. regulations.
When you look into this, the laws on animal welfare will be maintained by U.K. farmers for their products. Equally the Australians will maintain “THEIR” laws on animal welfare.
We retain “the right” to impose restrictions. This is not the same as imposing restrictions.
Article 25.1.4 in the animal welfare chapter is in similar terms:
Each Party shall “endeavour” to ensure that its laws, regulations and policies provide for and encourage high levels of animal welfare protection and shall endeavour to continue to improve their [sic] respective levels of animal welfare protection, including through their [sic] laws, regulations and policies.
As noted, this obligation is not enforceable by means of dispute settlement. NOTE THIS
Structurally, these are soft ‘endeavours’ obligations which only require the parties to ‘endeavour’ to ensure that their laws provide for high levels of environmental or animal welfare protection, or to continue to improve these levels of protection. It is difficult to determine what such an obligation might mean in practice. It does not require the parties to ensure high and improved levels of protection without qualification. But it might require the parties not to reduce their levels of protection without good reason it might also amount to a procedural obligation to consider ensuring high and improved levels of protection.”
Only one present import ban will continue as is and that is on growth hormone treated animals . This is presently being legally challenged and may result in the ban being lifted. ( it has taken years so far) If the ban is quashed the U.K. does have the option to then label the products if they so chose.
Just to end this from me and I will not respond again as I will not engage further in a conversation which is so aggressive on a swinging forum. This place is for lighthearted fun as I mentioned before . You really should consider who’s reading your aggressive insulting messages if you’re looking for meets.
As for peoples incompetence I’m sure as with all of us on here you’re not an expert in all fields. I also strongly suspect even with my so called incompetence my credit rating is considerably higher than yours so again you need to wind it down a touch!
You are obviously not a stupid man but your behaviour simply overrides any positive impression.
By all means question and debate with people but you don’t need to be rude or offensive about it! Especially considering the forum’s location.
Have fun on fab. I will not reply further.
Ooof, you have just handed him his arse on a plate, very well said
I am sorry to say all they have highlighted is an ignorance of the inability to understand how fre trade agreements work. Or how monitoring occurs withing these ftas.
If they'd have bothered to read e.u ftas they'd have noted the same soft measures. Had they have bothered to look at the fallibility of the SM they'd have noticed the same issues.
The TCA categorically stated there's is no measure in the fta/ uk that allows imported beef / lamb etc legally at a lower standard than UK farmers production methods "
You have been owned fella, I agree you come across as a clever man but the other poster destroyed you, no shame in that, just accept that  |
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"Thank you for the admissions on the corrections.
If I come across as curt. Its ore of s reflection of the constant made up numbers and lies on these threads I have to provide official sources of data for.
I had one person telling me yesterday we import gas from Norway via tankers and refused to admit they made it up when I supplied the ONS data showing no lng imports arrived from Norway via tankers.
They also claimed the usa was no longer delivering LNG and refused to apologise when I gave them the name of a boat from texas delivering it here today and to the port.
People can have a view on a political debate. But I've no idea why grown adults are lying and can't admit it.
I don’t take offence and am happy to admit when I’m wrong. I’ve got nothing to prove . It’s a bit of light hearted fun for me.
I’ll agree to disagree on the employment/working numbers.
The BOE have spent £19B so far but have had to set aside £65B for expected purchases. That will resolve over the next few weeks. As I mentioned the number is mute because they can off load the purchases. The worry is the BOE only runs with around £100B in funds so whilst it can top up at around £500m a year it’s not limitless funding.
The gilts rising prior was rumoured to be based on Kwasi leaking his thoughts during a chat prior to his minor fiscal event. No proof just rumours.
The £62B was definitely the IMF according to the FT.
If you detest the made up stuff and lies then you would tend to be calling out the OP for the post as it’s untrue and misleading.
As I said it’s just fun so feel free to rage as I won’t think you are a cunt at all I promise.
Have a good week .
The bofe purchasing was only lasting 15 days.
Those 15 days have now passed
What rumour? Liz truss was elected on her pledge to reduce the halt the increase in corporation tax and ni. So it couldn't have been kn that assessment. Or it would habe happened on her being elected. But they waited u till the bofe interest rate announcement then immediately swung?
The 62 billion is only quoted as IFS. The IFS doesn't make such speculations.
Firstly the state OP stated we “are” the fastest growing economy and you stated we are “forecast to be” so not sure you are correct in confirming his statement as correct. Given the mini budget and recent figures both now seem dubious. Unless of course you have a time machine.
As for hustings comments I doubt any trader would believe the rhetoric was genuine and would suspect she was playing to the right wing members in front of her. I doubt if any thought she was stupid enough to act on her comments in such a catastrophic way. How wrong could they be.
Feel free to watch the tube video - named below. Posted by Joe politics. It is an unedited recording of a select committee discussion with financial specialists quoting the BOE and other sources relating to the mini budget.
It clearly confirms the plan on tax cuts was leaked before so a few traders were hedging before.
It clearly confirms the dramatic market reaction was directly related to the mini budget, which was free of any supporting financial budgets. “Index linked rates doubled overnight”. We were in a fragile state already in great part due to Brexit. “Straw that broke the camels back” is the quote.
The BOE intervention is continuing until the 11th November. It has moved from direct purchase to financial support of the bond holder’s banks to underwrite deals specific to bonds.
One worrying quote was the accusation of guerrilla tactics used by the government to undermine the established financial institutions including Liz Truss remarks on the BOE independence. This along with dismissing any need for the OBR to be involved.
“Finance experts debunk Jacob Reece Mogg’s economic policy in select committee.”
Credit Joe politics
OK maybe you don't know what the "outlook" report is. The key is in the name. They look at the future expectations.
If you're wanting prior data as well. Then yes we are the fastest growing. We grew the fastest in 2021
Uk 7.4
Japan1.7
Italy 6.6
France 6.8
Germany 2.6
Usa 5.7
Canada 4.5
Again 2022 " outlook
Uk3.6
Canada 3.3
Japan1.7
Italy 3.2
France 2.5
Germany 1.5
Usa 3.6
Would you like any more clarification?
No thanks
How did we do in August?
Also as we have still not recovered to pre pandemic the numbers above are not like for like are they!
Please feel free to clarify the other points above. Thanks
Sometimes it's better the swallow your pride and admit you were wrong? Surely as an adult you can do that?
Regarding the pre pandemic.
Y
Do you know what a gdp deflator is? I think you should look that up first. Then come back.
I am going to start being quite acerbic in my responses. If you aren't going to acknowledge your mistakes. And apologise.
I'll speak to you like a child.
When I look at the ONS reports on GDP there is a warning that the latest data is not comparable to previous data. Is this the deflator thing you mention. I learnt some time ago that the UK had recovered from covid, I think it was January or February this year. It was a topic on these forums to if I recall correctly. What ever the official figures are I think we are in for a tough time
Yes it is.
Essentially gdp is a measure of how many transaction occurr for an economy for services and goods and the value.
Now the problem ofcourse is that for 10 years we had 0-2% inflation so no chanhes were necessary. But now inflation is 10% they've had to adjust the deflator. Because ( hypothetically) we may have had less transactions but the gdp has gone up driven by prices ao its not a fair representation of our transactional growth in sales
We had recovered and grown 1.2% but we are now ( I can't quite remember... 0.3% behind?)
This is because they have adjusted that inflation deflator to better represent the likely number of transactions.
Germany France Italy the USA etc have not done this or done it to a much lesser degree.
Hoping this makes some sort of sense how do you find out how "well" I flatiron has been folded in?
Destatis.de suggest they do price adjustments (same thing right?)"
You can compare deflators on trading economics.com |
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"Just to add a final response as I feel the rudeness of our guy from Leeds needs his attention demands satisfying.
Regarding your left wing media comments the Daily Mail stated the recent mini budget was the best in years. Do you think they or the Telegraph would pay any attention to a negative or even balanced report?
Not sure when Sussex university became a left wing media den of extremists.
The economy had not at the end of June 2022 recovered to pre pandemic levels according to the parliamentary library . 0.02% Given the over 3% forecast claimed for this year that’s sone growth we’re looking at. People’s mortgages may impact that. Who knows it’s only a forecast !
If you were paid £10k in 2019 and then went off sick in 2020 losing income and having to borrow to pay your bills, then in 2021 you received £9.5k would you be telling your friends I’ve had a pay rise? I think you’d be saying my wages are growing but so far they are only recovering.
The 7.5% is recovering . You can complicate it as much as you like, feel free but the overall answer by our governments own unique U.K. measure is the same.
Now when it comes to the TAC report I have actually read it as I have recently got involved with a business in Australia .
So again your rudeness is very offensive.
The reason it is being questioned by MPs is it being lauded as vindication of a great deal but when you read the detail. The wording is very clouded.
Repeated throughout the report is endeavour to and it does not affect U.K. regulations.
When you look into this, the laws on animal welfare will be maintained by U.K. farmers for their products. Equally the Australians will maintain “THEIR” laws on animal welfare.
We retain “the right” to impose restrictions. This is not the same as imposing restrictions.
Article 25.1.4 in the animal welfare chapter is in similar terms:
Each Party shall “endeavour” to ensure that its laws, regulations and policies provide for and encourage high levels of animal welfare protection and shall endeavour to continue to improve their [sic] respective levels of animal welfare protection, including through their [sic] laws, regulations and policies.
As noted, this obligation is not enforceable by means of dispute settlement. NOTE THIS
Structurally, these are soft ‘endeavours’ obligations which only require the parties to ‘endeavour’ to ensure that their laws provide for high levels of environmental or animal welfare protection, or to continue to improve these levels of protection. It is difficult to determine what such an obligation might mean in practice. It does not require the parties to ensure high and improved levels of protection without qualification. But it might require the parties not to reduce their levels of protection without good reason it might also amount to a procedural obligation to consider ensuring high and improved levels of protection.”
Only one present import ban will continue as is and that is on growth hormone treated animals . This is presently being legally challenged and may result in the ban being lifted. ( it has taken years so far) If the ban is quashed the U.K. does have the option to then label the products if they so chose.
Just to end this from me and I will not respond again as I will not engage further in a conversation which is so aggressive on a swinging forum. This place is for lighthearted fun as I mentioned before . You really should consider who’s reading your aggressive insulting messages if you’re looking for meets.
As for peoples incompetence I’m sure as with all of us on here you’re not an expert in all fields. I also strongly suspect even with my so called incompetence my credit rating is considerably higher than yours so again you need to wind it down a touch!
You are obviously not a stupid man but your behaviour simply overrides any positive impression.
By all means question and debate with people but you don’t need to be rude or offensive about it! Especially considering the forum’s location.
Have fun on fab. I will not reply further.
Ooof, you have just handed him his arse on a plate, very well said
I am sorry to say all they have highlighted is an ignorance of the inability to understand how fre trade agreements work. Or how monitoring occurs withing these ftas.
If they'd have bothered to read e.u ftas they'd have noted the same soft measures. Had they have bothered to look at the fallibility of the SM they'd have noticed the same issues.
The TCA categorically stated there's is no measure in the fta/ uk that allows imported beef / lamb etc legally at a lower standard than UK farmers production methods
You have been owned fella, I agree you come across as a clever man but the other poster destroyed you, no shame in that, just accept that "
If that's what you need to tell yourself the fine.
I have provided the evidence. I told people where to read a report.
If they don't u derstand the report. I can't help them.
You seemingly believe a country can onitor every single animal carcass imported to its country, how it was fed across 2 years, slaughtered, treated, and then packed.
If you want to live in cloud cuckoo land. Go for it.
If you think the glorious e.u market monitored every animal ever reared for food in the e.u I jave a bridge to sell you.
|
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|
By (user no longer on site)
over a year ago
|
"Just to add a final response as I feel the rudeness of our guy from Leeds needs his attention demands satisfying.
Regarding your left wing media comments the Daily Mail stated the recent mini budget was the best in years. Do you think they or the Telegraph would pay any attention to a negative or even balanced report?
Not sure when Sussex university became a left wing media den of extremists.
The economy had not at the end of June 2022 recovered to pre pandemic levels according to the parliamentary library . 0.02% Given the over 3% forecast claimed for this year that’s sone growth we’re looking at. People’s mortgages may impact that. Who knows it’s only a forecast !
If you were paid £10k in 2019 and then went off sick in 2020 losing income and having to borrow to pay your bills, then in 2021 you received £9.5k would you be telling your friends I’ve had a pay rise? I think you’d be saying my wages are growing but so far they are only recovering.
The 7.5% is recovering . You can complicate it as much as you like, feel free but the overall answer by our governments own unique U.K. measure is the same.
Now when it comes to the TAC report I have actually read it as I have recently got involved with a business in Australia .
So again your rudeness is very offensive.
The reason it is being questioned by MPs is it being lauded as vindication of a great deal but when you read the detail. The wording is very clouded.
Repeated throughout the report is endeavour to and it does not affect U.K. regulations.
When you look into this, the laws on animal welfare will be maintained by U.K. farmers for their products. Equally the Australians will maintain “THEIR” laws on animal welfare.
We retain “the right” to impose restrictions. This is not the same as imposing restrictions.
Article 25.1.4 in the animal welfare chapter is in similar terms:
Each Party shall “endeavour” to ensure that its laws, regulations and policies provide for and encourage high levels of animal welfare protection and shall endeavour to continue to improve their [sic] respective levels of animal welfare protection, including through their [sic] laws, regulations and policies.
As noted, this obligation is not enforceable by means of dispute settlement. NOTE THIS
Structurally, these are soft ‘endeavours’ obligations which only require the parties to ‘endeavour’ to ensure that their laws provide for high levels of environmental or animal welfare protection, or to continue to improve these levels of protection. It is difficult to determine what such an obligation might mean in practice. It does not require the parties to ensure high and improved levels of protection without qualification. But it might require the parties not to reduce their levels of protection without good reason it might also amount to a procedural obligation to consider ensuring high and improved levels of protection.”
Only one present import ban will continue as is and that is on growth hormone treated animals . This is presently being legally challenged and may result in the ban being lifted. ( it has taken years so far) If the ban is quashed the U.K. does have the option to then label the products if they so chose.
Just to end this from me and I will not respond again as I will not engage further in a conversation which is so aggressive on a swinging forum. This place is for lighthearted fun as I mentioned before . You really should consider who’s reading your aggressive insulting messages if you’re looking for meets.
As for peoples incompetence I’m sure as with all of us on here you’re not an expert in all fields. I also strongly suspect even with my so called incompetence my credit rating is considerably higher than yours so again you need to wind it down a touch!
You are obviously not a stupid man but your behaviour simply overrides any positive impression.
By all means question and debate with people but you don’t need to be rude or offensive about it! Especially considering the forum’s location.
Have fun on fab. I will not reply further.
Ooof, you have just handed him his arse on a plate, very well said
I am sorry to say all they have highlighted is an ignorance of the inability to understand how fre trade agreements work. Or how monitoring occurs withing these ftas.
If they'd have bothered to read e.u ftas they'd have noted the same soft measures. Had they have bothered to look at the fallibility of the SM they'd have noticed the same issues.
The TCA categorically stated there's is no measure in the fta/ uk that allows imported beef / lamb etc legally at a lower standard than UK farmers production methods
You have been owned fella, I agree you come across as a clever man but the other poster destroyed you, no shame in that, just accept that
If that's what you need to tell yourself the fine.
I have provided the evidence. I told people where to read a report.
If they don't u derstand the report. I can't help them.
You seemingly believe a country can onitor every single animal carcass imported to its country, how it was fed across 2 years, slaughtered, treated, and then packed.
If you want to live in cloud cuckoo land. Go for it.
If you think the glorious e.u market monitored every animal ever reared for food in the e.u I jave a bridge to sell you.
"
You know your stuff far better then I do (although your completely incorrect about the negative affect on the farming and fishing industries) but you have to accept when your wrong, the other poster politely dismantled your arguments, leant from it |
Reply privately, Reply in forum +quote
or View forums list | |
"Just to add a final response as I feel the rudeness of our guy from Leeds needs his attention demands satisfying.
Regarding your left wing media comments the Daily Mail stated the recent mini budget was the best in years. Do you think they or the Telegraph would pay any attention to a negative or even balanced report?
Not sure when Sussex university became a left wing media den of extremists.
The economy had not at the end of June 2022 recovered to pre pandemic levels according to the parliamentary library . 0.02% Given the over 3% forecast claimed for this year that’s sone growth we’re looking at. People’s mortgages may impact that. Who knows it’s only a forecast !
If you were paid £10k in 2019 and then went off sick in 2020 losing income and having to borrow to pay your bills, then in 2021 you received £9.5k would you be telling your friends I’ve had a pay rise? I think you’d be saying my wages are growing but so far they are only recovering.
The 7.5% is recovering . You can complicate it as much as you like, feel free but the overall answer by our governments own unique U.K. measure is the same.
Now when it comes to the TAC report I have actually read it as I have recently got involved with a business in Australia .
So again your rudeness is very offensive.
The reason it is being questioned by MPs is it being lauded as vindication of a great deal but when you read the detail. The wording is very clouded.
Repeated throughout the report is endeavour to and it does not affect U.K. regulations.
When you look into this, the laws on animal welfare will be maintained by U.K. farmers for their products. Equally the Australians will maintain “THEIR” laws on animal welfare.
We retain “the right” to impose restrictions. This is not the same as imposing restrictions.
Article 25.1.4 in the animal welfare chapter is in similar terms:
Each Party shall “endeavour” to ensure that its laws, regulations and policies provide for and encourage high levels of animal welfare protection and shall endeavour to continue to improve their [sic] respective levels of animal welfare protection, including through their [sic] laws, regulations and policies.
As noted, this obligation is not enforceable by means of dispute settlement. NOTE THIS
Structurally, these are soft ‘endeavours’ obligations which only require the parties to ‘endeavour’ to ensure that their laws provide for high levels of environmental or animal welfare protection, or to continue to improve these levels of protection. It is difficult to determine what such an obligation might mean in practice. It does not require the parties to ensure high and improved levels of protection without qualification. But it might require the parties not to reduce their levels of protection without good reason it might also amount to a procedural obligation to consider ensuring high and improved levels of protection.”
Only one present import ban will continue as is and that is on growth hormone treated animals . This is presently being legally challenged and may result in the ban being lifted. ( it has taken years so far) If the ban is quashed the U.K. does have the option to then label the products if they so chose.
Just to end this from me and I will not respond again as I will not engage further in a conversation which is so aggressive on a swinging forum. This place is for lighthearted fun as I mentioned before . You really should consider who’s reading your aggressive insulting messages if you’re looking for meets.
As for peoples incompetence I’m sure as with all of us on here you’re not an expert in all fields. I also strongly suspect even with my so called incompetence my credit rating is considerably higher than yours so again you need to wind it down a touch!
You are obviously not a stupid man but your behaviour simply overrides any positive impression.
By all means question and debate with people but you don’t need to be rude or offensive about it! Especially considering the forum’s location.
Have fun on fab. I will not reply further.
Ooof, you have just handed him his arse on a plate, very well said
I am sorry to say all they have highlighted is an ignorance of the inability to understand how fre trade agreements work. Or how monitoring occurs withing these ftas.
If they'd have bothered to read e.u ftas they'd have noted the same soft measures. Had they have bothered to look at the fallibility of the SM they'd have noticed the same issues.
The TCA categorically stated there's is no measure in the fta/ uk that allows imported beef / lamb etc legally at a lower standard than UK farmers production methods
You have been owned fella, I agree you come across as a clever man but the other poster destroyed you, no shame in that, just accept that
If that's what you need to tell yourself the fine.
I have provided the evidence. I told people where to read a report.
If they don't u derstand the report. I can't help them.
You seemingly believe a country can onitor every single animal carcass imported to its country, how it was fed across 2 years, slaughtered, treated, and then packed.
If you want to live in cloud cuckoo land. Go for it.
If you think the glorious e.u market monitored every animal ever reared for food in the e.u I jave a bridge to sell you.
You know your stuff far better then I do (although your completely incorrect about the negative affect on the farming and fishing industries) but you have to accept when your wrong, the other poster politely dismantled your arguments, leant from it "
Again. If it makes you feel better you can tell yourself they posted something relevant.
The parties have the right to stop imports.
The TAC makes it clear the uk retains that right to only allow imports meeting our standards of production. And until the import requirement changes that stays in place.
The uk can not monitor every animal as I've stated. Neither can/ did the e.u
Hence the scandals on horse meat etc
All that person did was re iterate my point. They must be follow our practices should they wish to export.
Nothing on import requirements changed.
I have supplied the data on the impact of fishing. From hmrc no 1 replied after that.
Again I pointed out Australia and New Zealand has tarriff free quotas to import to the uk( and have done so for 2 decades) I supplied the aus gov website backing to total kg sent over the last decade
People in here were completely unaware of this. And they never even reaches their total e.u quota
So you think suddenly the market is now compromised even though they've been exporting to the uk for atleast 2 decades tarriff free? But not suddenly the hormone beef will come and the cheap meat will flood in?
I am sorry you have been sold down the fantasy path.
|
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|
By (user no longer on site)
over a year ago
|
"Just to add a final response as I feel the rudeness of our guy from Leeds needs his attention demands satisfying.
Regarding your left wing media comments the Daily Mail stated the recent mini budget was the best in years. Do you think they or the Telegraph would pay any attention to a negative or even balanced report?
Not sure when Sussex university became a left wing media den of extremists.
The economy had not at the end of June 2022 recovered to pre pandemic levels according to the parliamentary library . 0.02% Given the over 3% forecast claimed for this year that’s sone growth we’re looking at. People’s mortgages may impact that. Who knows it’s only a forecast !
If you were paid £10k in 2019 and then went off sick in 2020 losing income and having to borrow to pay your bills, then in 2021 you received £9.5k would you be telling your friends I’ve had a pay rise? I think you’d be saying my wages are growing but so far they are only recovering.
The 7.5% is recovering . You can complicate it as much as you like, feel free but the overall answer by our governments own unique U.K. measure is the same.
Now when it comes to the TAC report I have actually read it as I have recently got involved with a business in Australia .
So again your rudeness is very offensive.
The reason it is being questioned by MPs is it being lauded as vindication of a great deal but when you read the detail. The wording is very clouded.
Repeated throughout the report is endeavour to and it does not affect U.K. regulations.
When you look into this, the laws on animal welfare will be maintained by U.K. farmers for their products. Equally the Australians will maintain “THEIR” laws on animal welfare.
We retain “the right” to impose restrictions. This is not the same as imposing restrictions.
Article 25.1.4 in the animal welfare chapter is in similar terms:
Each Party shall “endeavour” to ensure that its laws, regulations and policies provide for and encourage high levels of animal welfare protection and shall endeavour to continue to improve their [sic] respective levels of animal welfare protection, including through their [sic] laws, regulations and policies.
As noted, this obligation is not enforceable by means of dispute settlement. NOTE THIS
Structurally, these are soft ‘endeavours’ obligations which only require the parties to ‘endeavour’ to ensure that their laws provide for high levels of environmental or animal welfare protection, or to continue to improve these levels of protection. It is difficult to determine what such an obligation might mean in practice. It does not require the parties to ensure high and improved levels of protection without qualification. But it might require the parties not to reduce their levels of protection without good reason it might also amount to a procedural obligation to consider ensuring high and improved levels of protection.”
Only one present import ban will continue as is and that is on growth hormone treated animals . This is presently being legally challenged and may result in the ban being lifted. ( it has taken years so far) If the ban is quashed the U.K. does have the option to then label the products if they so chose.
Just to end this from me and I will not respond again as I will not engage further in a conversation which is so aggressive on a swinging forum. This place is for lighthearted fun as I mentioned before . You really should consider who’s reading your aggressive insulting messages if you’re looking for meets.
As for peoples incompetence I’m sure as with all of us on here you’re not an expert in all fields. I also strongly suspect even with my so called incompetence my credit rating is considerably higher than yours so again you need to wind it down a touch!
You are obviously not a stupid man but your behaviour simply overrides any positive impression.
By all means question and debate with people but you don’t need to be rude or offensive about it! Especially considering the forum’s location.
Have fun on fab. I will not reply further.
Ooof, you have just handed him his arse on a plate, very well said
I am sorry to say all they have highlighted is an ignorance of the inability to understand how fre trade agreements work. Or how monitoring occurs withing these ftas.
If they'd have bothered to read e.u ftas they'd have noted the same soft measures. Had they have bothered to look at the fallibility of the SM they'd have noticed the same issues.
The TCA categorically stated there's is no measure in the fta/ uk that allows imported beef / lamb etc legally at a lower standard than UK farmers production methods
You have been owned fella, I agree you come across as a clever man but the other poster destroyed you, no shame in that, just accept that
If that's what you need to tell yourself the fine.
I have provided the evidence. I told people where to read a report.
If they don't u derstand the report. I can't help them.
You seemingly believe a country can onitor every single animal carcass imported to its country, how it was fed across 2 years, slaughtered, treated, and then packed.
If you want to live in cloud cuckoo land. Go for it.
If you think the glorious e.u market monitored every animal ever reared for food in the e.u I jave a bridge to sell you.
You know your stuff far better then I do (although your completely incorrect about the negative affect on the farming and fishing industries) but you have to accept when your wrong, the other poster politely dismantled your arguments, leant from it
Again. If it makes you feel better you can tell yourself they posted something relevant.
The parties have the right to stop imports.
The TAC makes it clear the uk retains that right to only allow imports meeting our standards of production. And until the import requirement changes that stays in place.
The uk can not monitor every animal as I've stated. Neither can/ did the e.u
Hence the scandals on horse meat etc
All that person did was re iterate my point. They must be follow our practices should they wish to export.
Nothing on import requirements changed.
I have supplied the data on the impact of fishing. From hmrc no 1 replied after that.
Again I pointed out Australia and New Zealand has tarriff free quotas to import to the uk( and have done so for 2 decades) I supplied the aus gov website backing to total kg sent over the last decade
People in here were completely unaware of this. And they never even reaches their total e.u quota
So you think suddenly the market is now compromised even though they've been exporting to the uk for atleast 2 decades tarriff free? But not suddenly the hormone beef will come and the cheap meat will flood in?
I am sorry you have been sold down the fantasy path.
"
Just accept you are wrong, no shame in that |
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By (user no longer on site)
over a year ago
|
"If you can't address the points made. And that's all you have.
It's a shame you haven't really come here for a discussion. Just a screaming match."
Yeah, I am sorry, but you have been conned, if you believe all that then I have a bridge to sell you |
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By (user no longer on site)
over a year ago
|
"Just to add a final response as I feel the rudeness of our guy from Leeds needs his attention demands satisfying.
Regarding your left wing media comments the Daily Mail stated the recent mini budget was the best in years. Do you think they or the Telegraph would pay any attention to a negative or even balanced report?
Not sure when Sussex university became a left wing media den of extremists.
The economy had not at the end of June 2022 recovered to pre pandemic levels according to the parliamentary library . 0.02% Given the over 3% forecast claimed for this year that’s sone growth we’re looking at. People’s mortgages may impact that. Who knows it’s only a forecast !
If you were paid £10k in 2019 and then went off sick in 2020 losing income and having to borrow to pay your bills, then in 2021 you received £9.5k would you be telling your friends I’ve had a pay rise? I think you’d be saying my wages are growing but so far they are only recovering.
The 7.5% is recovering . You can complicate it as much as you like, feel free but the overall answer by our governments own unique U.K. measure is the same.
Now when it comes to the TAC report I have actually read it as I have recently got involved with a business in Australia .
So again your rudeness is very offensive.
The reason it is being questioned by MPs is it being lauded as vindication of a great deal but when you read the detail. The wording is very clouded.
Repeated throughout the report is endeavour to and it does not affect U.K. regulations.
When you look into this, the laws on animal welfare will be maintained by U.K. farmers for their products. Equally the Australians will maintain “THEIR” laws on animal welfare.
We retain “the right” to impose restrictions. This is not the same as imposing restrictions.
Article 25.1.4 in the animal welfare chapter is in similar terms:
Each Party shall “endeavour” to ensure that its laws, regulations and policies provide for and encourage high levels of animal welfare protection and shall endeavour to continue to improve their [sic] respective levels of animal welfare protection, including through their [sic] laws, regulations and policies.
As noted, this obligation is not enforceable by means of dispute settlement. NOTE THIS
Structurally, these are soft ‘endeavours’ obligations which only require the parties to ‘endeavour’ to ensure that their laws provide for high levels of environmental or animal welfare protection, or to continue to improve these levels of protection. It is difficult to determine what such an obligation might mean in practice. It does not require the parties to ensure high and improved levels of protection without qualification. But it might require the parties not to reduce their levels of protection without good reason it might also amount to a procedural obligation to consider ensuring high and improved levels of protection.”
Only one present import ban will continue as is and that is on growth hormone treated animals . This is presently being legally challenged and may result in the ban being lifted. ( it has taken years so far) If the ban is quashed the U.K. does have the option to then label the products if they so chose.
Just to end this from me and I will not respond again as I will not engage further in a conversation which is so aggressive on a swinging forum. This place is for lighthearted fun as I mentioned before . You really should consider who’s reading your aggressive insulting messages if you’re looking for meets.
As for peoples incompetence I’m sure as with all of us on here you’re not an expert in all fields. I also strongly suspect even with my so called incompetence my credit rating is considerably higher than yours so again you need to wind it down a touch!
You are obviously not a stupid man but your behaviour simply overrides any positive impression.
By all means question and debate with people but you don’t need to be rude or offensive about it! Especially considering the forum’s location.
Have fun on fab. I will not reply further.
Ooof, you have just handed him his arse on a plate, very well said
I am sorry to say all they have highlighted is an ignorance of the inability to understand how fre trade agreements work. Or how monitoring occurs withing these ftas.
If they'd have bothered to read e.u ftas they'd have noted the same soft measures. Had they have bothered to look at the fallibility of the SM they'd have noticed the same issues.
The TCA categorically stated there's is no measure in the fta/ uk that allows imported beef / lamb etc legally at a lower standard than UK farmers production methods
You have been owned fella, I agree you come across as a clever man but the other poster destroyed you, no shame in that, just accept that
If that's what you need to tell yourself the fine.
I have provided the evidence. I told people where to read a report.
If they don't u derstand the report. I can't help them.
You seemingly believe a country can onitor every single animal carcass imported to its country, how it was fed across 2 years, slaughtered, treated, and then packed.
If you want to live in cloud cuckoo land. Go for it.
If you think the glorious e.u market monitored every animal ever reared for food in the e.u I jave a bridge to sell you.
You know your stuff far better then I do (although your completely incorrect about the negative affect on the farming and fishing industries) but you have to accept when your wrong, the other poster politely dismantled your arguments, leant from it
Again. If it makes you feel better you can tell yourself they posted something relevant.
The parties have the right to stop imports.
The TAC makes it clear the uk retains that right to only allow imports meeting our standards of production. And until the import requirement changes that stays in place.
The uk can not monitor every animal as I've stated. Neither can/ did the e.u
Hence the scandals on horse meat etc
All that person did was re iterate my point. They must be follow our practices should they wish to export.
Nothing on import requirements changed.
I have supplied the data on the impact of fishing. From hmrc no 1 replied after that.
Again I pointed out Australia and New Zealand has tarriff free quotas to import to the uk( and have done so for 2 decades) I supplied the aus gov website backing to total kg sent over the last decade
People in here were completely unaware of this. And they never even reaches their total e.u quota
So you think suddenly the market is now compromised even though they've been exporting to the uk for atleast 2 decades tarriff free? But not suddenly the hormone beef will come and the cheap meat will flood in?
I am sorry you have been sold down the fantasy path.
"
I'm catching up on teh quote bit (thx for the link)
My reading is that high quality beef has a 20pc tarriff.
The nil tarrif is for grain fed beef and applies to EU only (but I guess we have it before brexit)
Id imagine the concern is for the low quality stuff now being more available. And from what I can see didn't come under the quota.
The au gov suggests "Demand for access to this quota traditionally exceeds the amount available". But I agree the numbers don't show that ... Possibly an effect of COVID and Brexit ?
Previous years of of sheepmeet look close to maxed.
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"Thank you for the admissions on the corrections.
If I come across as curt. Its ore of s reflection of the constant made up numbers and lies on these threads I have to provide official sources of data for.
I had one person telling me yesterday we import gas from Norway via tankers and refused to admit they made it up when I supplied the ONS data showing no lng imports arrived from Norway via tankers.
They also claimed the usa was no longer delivering LNG and refused to apologise when I gave them the name of a boat from texas delivering it here today and to the port.
People can have a view on a political debate. But I've no idea why grown adults are lying and can't admit it.
I don’t take offence and am happy to admit when I’m wrong. I’ve got nothing to prove . It’s a bit of light hearted fun for me.
I’ll agree to disagree on the employment/working numbers.
The BOE have spent £19B so far but have had to set aside £65B for expected purchases. That will resolve over the next few weeks. As I mentioned the number is mute because they can off load the purchases. The worry is the BOE only runs with around £100B in funds so whilst it can top up at around £500m a year it’s not limitless funding.
The gilts rising prior was rumoured to be based on Kwasi leaking his thoughts during a chat prior to his minor fiscal event. No proof just rumours.
The £62B was definitely the IMF according to the FT.
If you detest the made up stuff and lies then you would tend to be calling out the OP for the post as it’s untrue and misleading.
As I said it’s just fun so feel free to rage as I won’t think you are a cunt at all I promise.
Have a good week .
The bofe purchasing was only lasting 15 days.
Those 15 days have now passed
What rumour? Liz truss was elected on her pledge to reduce the halt the increase in corporation tax and ni. So it couldn't have been kn that assessment. Or it would habe happened on her being elected. But they waited u till the bofe interest rate announcement then immediately swung?
The 62 billion is only quoted as IFS. The IFS doesn't make such speculations.
Firstly the state OP stated we “are” the fastest growing economy and you stated we are “forecast to be” so not sure you are correct in confirming his statement as correct. Given the mini budget and recent figures both now seem dubious. Unless of course you have a time machine.
As for hustings comments I doubt any trader would believe the rhetoric was genuine and would suspect she was playing to the right wing members in front of her. I doubt if any thought she was stupid enough to act on her comments in such a catastrophic way. How wrong could they be.
Feel free to watch the tube video - named below. Posted by Joe politics. It is an unedited recording of a select committee discussion with financial specialists quoting the BOE and other sources relating to the mini budget.
It clearly confirms the plan on tax cuts was leaked before so a few traders were hedging before.
It clearly confirms the dramatic market reaction was directly related to the mini budget, which was free of any supporting financial budgets. “Index linked rates doubled overnight”. We were in a fragile state already in great part due to Brexit. “Straw that broke the camels back” is the quote.
The BOE intervention is continuing until the 11th November. It has moved from direct purchase to financial support of the bond holder’s banks to underwrite deals specific to bonds.
One worrying quote was the accusation of guerrilla tactics used by the government to undermine the established financial institutions including Liz Truss remarks on the BOE independence. This along with dismissing any need for the OBR to be involved.
“Finance experts debunk Jacob Reece Mogg’s economic policy in select committee.”
Credit Joe politics
OK maybe you don't know what the "outlook" report is. The key is in the name. They look at the future expectations.
If you're wanting prior data as well. Then yes we are the fastest growing. We grew the fastest in 2021
Uk 7.4
Japan1.7
Italy 6.6
France 6.8
Germany 2.6
Usa 5.7
Canada 4.5
Again 2022 " outlook
Uk3.6
Canada 3.3
Japan1.7
Italy 3.2
France 2.5
Germany 1.5
Usa 3.6
Would you like any more clarification?
No thanks
How did we do in August?
Also as we have still not recovered to pre pandemic the numbers above are not like for like are they!
Please feel free to clarify the other points above. Thanks
Sometimes it's better the swallow your pride and admit you were wrong? Surely as an adult you can do that?
Regarding the pre pandemic.
Y
Do you know what a gdp deflator is? I think you should look that up first. Then come back.
I am going to start being quite acerbic in my responses. If you aren't going to acknowledge your mistakes. And apologise.
I'll speak to you like a child.
When I look at the ONS reports on GDP there is a warning that the latest data is not comparable to previous data. Is this the deflator thing you mention. I learnt some time ago that the UK had recovered from covid, I think it was January or February this year. It was a topic on these forums to if I recall correctly. What ever the official figures are I think we are in for a tough time
Yes it is.
Essentially gdp is a measure of how many transaction occurr for an economy for services and goods and the value.
Now the problem ofcourse is that for 10 years we had 0-2% inflation so no chanhes were necessary. But now inflation is 10% they've had to adjust the deflator. Because ( hypothetically) we may have had less transactions but the gdp has gone up driven by prices ao its not a fair representation of our transactional growth in sales
We had recovered and grown 1.2% but we are now ( I can't quite remember... 0.3% behind?)
This is because they have adjusted that inflation deflator to better represent the likely number of transactions.
Germany France Italy the USA etc have not done this or done it to a much lesser degree.
Hoping this makes some sort of sense how do you find out how "well" I flatiron has been folded in?
Destatis.de suggest they do price adjustments (same thing right?)
You can compare deflators on trading economics.com"
will admit, not sure how to compare these
EU has gone from 113 to 114 in June 22
UK has gone from 109 to 120 in June 22 |
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