The government is already short of dosh because people aren't buying as many cars as only a short while ago; so because manufacturers are reducing work forces (in the States as well, which will reach here eventually) and certain manufacturers have had crooks at their helm sidelining funds and substituting personal losses for what they have nicked; both the income, corporate and fuel tax take will suffer. So, the government introduces a bacon tax in the hope it will prop things up - after all look how much the sugar tax on fizzy drinks has raised in only short time. So those people with hybrid and electric cars had better be ready for some hefty taxation fairly soon. All smoke and mirrrors, just like Brexit.
FTSE 100 driven more by oil, mining etc. Noobie. Even so, something seems wrong about your statement looking at last 6 month?
If you look at the last 2 years, the dips have been were politicians have promised then failed, the highs have been where we have benefited in normal trading conditions, the key here to the doom mongers and it is always in the small print hidden somewhere, this "projection" and it is just that is to be expected given we are having to relearn doing things for ourselves. This short term and most agree it is a short term, was predicted at the very early stages of brexit. However if you take the preictions as the want you too then they try and imply the long term will be the same. With an economy the size of the U.K., that is incredibly unlikely. Again though, project fear is being ramped up to daily pressure and will be till the vote, annoying but to be expected
wto explanation, great. BUT there is going to be a time deficit setting up deals. In the meantime, a competitive Europe and EU will be forging ahead making new deals, with more bargaining power. At the end of the day we need to be competitive to export. Tariffs are only a small part of that if your production costs are 80% more than far eastern competition ..?
TBH I dont think ftse100 is a good barometer anyway. Why? Look at the rise over 20 years. Too good to be true, and it is. Over inflated values attributed to many companies and banks whose accounts would not stand close scrutiny.
There is something within there, I'll try and find it again about promisary terms where you can effectively agree the terms, get on with it and then sort out the legals terms as you work. You might have noticed this part Some exceptions are allowed. For example, countries can set up a free trade agreement that applies only to goods traded within the group If the U.K. said something as basic as all commonwealth countries could deal as zero tariff trade within each others market, we could and it would be within wto rules. there are shed loads of ways out and around this, the eu know this as they use wto and free trade too, their worry is we will do well after leaving, which we will after the initial transfer period.
Carney is crying WOLF! again: The bank has also been working for many months on a set of scenarios for what it has labelled a “disorderly Brexit” - with no deal or no transition. In the scenario GDP would fall eight per cent in a year - more than following the global financial crisis - with house prices falling 30 per cent and commercial prices plummeting 48 per cent. Unemployment would surge to 7.5 per cent and the inflation rate to 6.5 per cent. Time to get my bunker stocked up again; no wait, what happened last time? Don't believe them! https://uk.businessesforsale.com/uk...f-economist-admits-errors-in-brexit-forecasts
To be expected between now and the vote on the 11th. Trouble is much of this is a re-hash of the remain project before the 2016 vote and most of the doom and gloom never happened then either. Funny old game politics
When we have another vote next year, Brexit will be confined to the dustbin of history. So many people who appear to be experts on trade, try to diss experts in Government, the BoE and the City of London, yet probably the limits of their skills and knowledge is the weekly shop at the supermarket. Quite laughable.
Another experts view: Andrew Sentance - independent business economist, formerly with PwC. Member of Bank of England MPC. 2006-11 (A Remainer I believe)
FTSE 100 was at 6332 on 23rd June and after dipping briefly to 5982, reached 6504 by 30th June 2016. It's closed today at 7004 so over 10% higher despite recent Trump induced falls. Not sure what your point was? London commercial offices have been aggressively bought over the last few months, especially by the European and Chinese buyers. Any drop in the £ will spur on the FTSE, make UK products more competitive boosting exports and increase overseas investment. If you are in Fintech or a bank and you look at the choice between Paris, Dublin, Frankfurt and London. It is no contest as London has the infrastructure in place that would take decades to replace. Just look at Google/Youtube at Kings Cross, Apple at Battersea, Goldman Sachs/Deutsche Bank/Bloomberg, etc, etc. all chose London for their European bases.
If there was another vote, and it was to remain surely everyone who votes leave will scream 1-1 we need a decider. Another vote would be a joke I think. The way it’s going I would probably trust someone who is good at a weekly shop more than the government
If you go back to 2016 in your guggle time machine, you will see the exact same thing and this was even if we dared to vote leave, let alone what would happen after. The chancellor says we will all die financially, the bank of england chief said you would all die and have your eyes sucked out and yet nothing happened. BOTH however when the time suits them, will walk straight into jobs with price waterhouse, jp morgan and even Rochschilds, the real people they are trying to protect. The key is to not look at media as such but try and find actual unedited video's of what they actually said. the speeches will not have, will, absolutely, no other way as their projection but it will be full of maybe's, could be's, might be's and possiblies. It is as it has been every year, a copy and paste of the project fear from the last year and year before. They absolutely have a right to a prediction, it's their job to see all sides but so far, they have only concentrated on the negative prediction and that is all they are, predictions and to date, very little doom they have predicted has happened and they continue to ignore and refuse to consider mentioning the falling markets of the eu that they want us to stay in. We pay good money for these jobs and from time to time it would help if they offered both sides and not just the one from their future employers. Funny thing about the media blitz on we are all going to die, very few are bringing up https://www.euronews.com/2018/11/28...tress-test-to-withstand-any-disorderly-brexit
To be expected, if you look at France, Macron worked for them too for many years before coming president
