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Post by Fletchsmile on Mar 29, 2018 13:40:54 GMT 7
A year from today.... ================================================== There’s a Year Until Brexit. How Is the U.K. Doing?Around the nation, businesses and industries are getting ready for a new reality. Bloomberg News March 27, 2018, 6:07 PM GMT+7 We’re heading into the final stretch. There will be a transition period after Brexit day, but on March 29, 2019, the United Kingdom will formally cease to be a member of the European Union. It’s what 52 percent of those who voted in June 2016 wanted. But what does it mean for the country? How are businesses and industries preparing for life after Brexit? And how is the U.K. economy faring? Bloomberg tracks all of this, all the time: Our custom-built Brexit Barometer takes a daily reading of the health of the British economy, and our teams of specialist reporters follow the latest developments as they happen. With a year to go until Brexit, we’re taking stock this week and attempting to work out what has happened so far and what to look out for in the year ahead, and beyond. —Adam Blenford An Economic Burden After initially shrugging off the referendum—and defying predictions from the government that the country risked falling into recession if it voted Leave—the U.K. economy is becoming increasingly burdened by Brexit, as our Brexit Barometer illustrates. contd... www.bloomberg.com/news/articles/2018-03-27/brexit-is-a-year-away-here-s-what-s-happening-in-the-u-k
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Deleted
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Post by Deleted on Mar 30, 2018 4:29:05 GMT 7
We'll be in recession before Brexit. Consumer confidence is tanking. There's far too much uncertainty around, and that always results in consumers ( wise consumers ) holding off on elective spending.
I was driving around tonight and noticed several high-profile properties up for let. And I'm hearing bad reports in my industry. Carpetright are in serious trouble. When the flooring trade is in trouble, the country is in trouble.
Start shorting housebuilders and DIY companies.
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AyG
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Post by AyG on Mar 30, 2018 5:52:30 GMT 7
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Post by Deleted on Mar 30, 2018 13:29:30 GMT 7
Difference between me and you is that I own a UK retail company. Every day, when I am in the UK, I interact with PLC companies down to small businesses. What we are seeing does not match these BS surveys. There will be a revision, and IMO, we will go into recession. Feel free to dig out another link. It's well known the best people to ask what's happening on the ground in the UK are old men that live in Thailand.
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AyG
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Post by AyG on Mar 30, 2018 13:37:56 GMT 7
Difference between me and you is that I own a UK retail company. Every day, when I am in the UK, I interact with PLC companies down to small businesses. What we are seeing does not match these BS surveys. There will be a revision, and IMO, we will go into recession. Feel free to dig out another link. It's well known the best people to ask what's happening on the ground in the UK are old men that live in Thailand. You really are pathetic and ridiculous. You're subjective options based upon limited contacts with a few businesses in a narrow part of the British economy don't trump a scientific survey based upon 2000 consumers. As for the utterly irrelevant personal attack, I suspect that shows you realise the weakness of your position. Grow up.
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Post by Fletchsmile on Mar 30, 2018 19:22:15 GMT 7
Since I switched internet and TV packages I now watch Bloomberg TV every day and read some of the news. The more I see of Bloomberg, like many others in the press, they are always looking for the bad news. Every silver lining has a cloud and all that. Same with TV interviews, it's like if someone says something positive when they are are looking for negatives, they move on quickly. Amusing is when someone says something positive about Trump is how quickly they move on too. Like that's not what they want. Or interview someone. Q: How many people will you relocated out of the UK because of brexit. Interview Answer: We see no need, or minimal. You can almost see the disappointment in the interviewers face On reading that long-ish article on Bberg, it seemed to me again to focus on the negatives, and there was very little in there on the positives. The downside seems to be overstated. Looking at the various graphs, what gets omitted also is that various things were trending down anyway, before the Brexit result. Then they continued down, but are now starting to pick up. I think a lot of stuff has been attributed to Brexit by newsmakers which was probably just ongoing/happening already. eg their Brexit Barometer, UK economy was going down since March 2015, and continued until June 2016. People thought it would be a Brexit remain. It wasn't so there was a sharp drop - perhaps a result of the shock. But look today and it is more or less back to where it was in June 2016, and climbing again. eg Car Boom stalls. they peaked in 2013, then went lower in 2014, 2015, nothing to do with Brexit. 2016 and 2017 just continued that trend. Who knows whether that downturn would have continued anyway Also if someone looks at the food import/ export. We import ballpark GBP 22bn from Europe, and export GBP 6bn. Rather than focus on the negatives, that looks to me like a great bargaining chip. If UK doesn't get a good deal on tariffs etc, then Europe could well be the one that loses out not UK. An opportunity to import from elsewhere or produce more in the UK Bit cheeky also throwing in the collapse of Toys r Us and linking it to Brexit. Toys r Us have massive problems in the US and west generally. Not just UK. I doubt that has much to do with Brexit. So looked to me like a rather negatively biased article
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siampolee
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Post by siampolee on Mar 30, 2018 19:29:25 GMT 7
Aha, Fletch, you're the voice of sanity. Yes the ride will be rough but there are calm seas ahead regarding Brexit have no fears. We need to remember it is only bad news that creates the income of the fourth estate. A ditty from my youth. Said group were a bunch of serving Brylcreem boys as I recall. (cue rgs2001uk)
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Deleted
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Post by Deleted on Mar 30, 2018 19:52:46 GMT 7
Difference between me and you is that I own a UK retail company. Every day, when I am in the UK, I interact with PLC companies down to small businesses. What we are seeing does not match these BS surveys. There will be a revision, and IMO, we will go into recession. Feel free to dig out another link. It's well known the best people to ask what's happening on the ground in the UK are old men that live in Thailand. You really are pathetic and ridiculous. You're subjective options based upon limited contacts with a few businesses in a narrow part of the British economy don't trump a scientific survey based upon 2000 consumers. As for the utterly irrelevant personal attack, I suspect that shows you realise the weakness of your position. Grow up. No matter how limited my contact is, it's far in excess of yours. You don't have any knowledge of day-day life in the UK today. None.
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