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Davebrad

Brexit again...

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I see that the Brexiteers who said the post Brexit predictions of economic difficulties were all rubbish are now convinced that this prediction is clearly 100% correct. I thought we’d have enough of experts?

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3 minutes ago, Jacko51 said:

I see that the Brexiteers who said the post Brexit predictions of economic difficulties were all rubbish are now convinced that this prediction is clearly 100% correct. I thought we’d have enough of experts?

its all a case of who/what you believe, before, during and after the referendum the 4 horsemen were saddling up, now its not so gloomy theirs a light however small at the end of the tunnel, i'm a leaver and i'd rather go for even a small light than all that gloom.

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1 hour ago, Davebrad said:

its all a case of who/what you believe,

Precisely.  And I believe Boris Johnson is a lying bas****.

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14 hours ago, Davebrad said:

a report from DAVOS today...

doh we got our sums wrong! IMF FINALLY admits Brexit Britain will be a world force

AFTER years of predicting Brexit doom and gloom the so-called economics experts at the International Monetary Fund have made a humbling U-turn and admitted post Brexit Britain will leave the rest of Europe in its wake...

The 2016 article is headlined: “IMF: Brexit hit to UK could be ‘pretty bad to very, very bad’”.

Published barely a month before the vote, the story cites an IMF report which claims: “A vote for exit would precipitate a protracted period of heightened uncertainty, leading to financial market volatility and a hit to output.”

However, fast-forward four years and things do not appear to be quite so bleak, with Mr Winstone including for comparison a story published yesterday headlined: “IMF predicts stable growth after Britain’s exit from EU”.

Speaking four years ago Ms Lagarde said the impact of Brexit would have “pretty bad, to very, very bad” consequences for the UK.

 

The comprehensive reversal is doubly embarrassing as the wholly incorrect Project Fear-style catastrophe prediction was made by Christine Lagarde who is the new boss of the European Central Bank. Ms Lagarde was IMF managing director when she made the cringingly bad prediction in 2016 on the eve of Brexit. Her former colleagues at the IMF now admit she got it massively wrong and predict post Brexit Britain will leave the rest of Europe in its economic wake. The embarrassing change in tone from predicting economic catastrophe in 2016 to predicting a booming economy today was brilliantly highlighted by Sheffield businessman Steve Winstone who tweeted links to two stories published on ITV’s website, with the comment: “Consistency eh?”

In stark contrast, the IMF’s latest assessment of UK prospects over the course of the next two year is optimistic.

Growth is predicted to be 1.4 percent this year and 1.5 per percent in 2021, in each case better than the Euro Area, where the figures are 1.3 percent and 1.4 percent respectively.

In addition, the UK figures are superior to those of Germany (1.1 percent and 1.4 percent) and France (1.3 percent for both years).

 

Also...

Brexodus? More than 1,000 EU firms apply for licence to trade IN UK after Brexit

FINANCIAL firms from the European Union are now applying to set up operations in the City of London post-Brexit, and the number of these companies has now exceeded one thousand

Unrestricted two-way business regulations between the UK and EU come to an end in December 2020. Over 1,441 EU based firms had applied to the Financial Conduct Authority (FCA) for temporary permissions to operate in the UK after Brexit. For most of these businesses, it will be the first time they have had an office in the UK.

Michael Johnson, a consultant at Bovill said: “These figures clearly show that many firms see the UK as Europe’s premier financial services hub.”

City A.M. reported that Bovill’s figures show that 228 Irish firms had applied for temporary permissions to keep serving British clients while they obtain full regulatory authority to establish a new UK office.

Dublin is a popular location for UK-based asset managers and insurers

Financial services firms from France, Cyprus and Germany have applied for 170, 165 and 149 temporary permissions respectively.

Bovill partner Ed O’Bree said: “In practical terms, these figures mean that European firms will be buying office space, hiring staff and engaging legal and professional advisers in the UK,” s

“This augurs well for the UK economy, as the country will retain its reputation as a prime location for financial services in Europe.”

The firms have applied to operate in the UK under the Temporary Permission Regime (TPR), allowing companies from the bloc to operate in the UK while they seek full permission from the FCA.

Dave, is it from the Express or the Sun? Neither of them are particularly positive.

The first one talks about Britain leaving Europe "in its economic wake" then talks about a forecast of 0.1% higher growth rate than Europe over 2 years. What it doesn't say is that this is entirely dependent on an orderly transition from the EU.

The 2nd one doesn't mean what I believe you think it means...

It is NOT companies that have had no business in the UK thinking that it looks like the sunlit uplands post Brexit and they want a slice of the action.

It IS existing companies, in the EU, that already do business with the UK, that know it will be pretty difficult after Brexit to do so, and are instead opting to set up something in the UK so that it can continue to operate the same business temporarily until they know what the landscape looks like. The might all move out again once they know, if it's unfavourable. 

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6 hours ago, The_godfather said:

Dave, is it from the Express or the Sun? Neither of them are particularly positive.

The first one talks about Britain leaving Europe "in its economic wake" then talks about a forecast of 0.1% higher growth rate than Europe over 2 years. What it doesn't say is that this is entirely dependent on an orderly transition from the EU.

The 2nd one doesn't mean what I believe you think it means...

It is NOT companies that have had no business in the UK thinking that it looks like the sunlit uplands post Brexit and they want a slice of the action.

It IS existing companies, in the EU, that already do business with the UK, that know it will be pretty difficult after Brexit to do so, and are instead opting to set up something in the UK so that it can continue to operate the same business temporarily until they know what the landscape looks like. The might all move out again once they know, if it's unfavourable. 

I've lost the source now but I think the first article was from the Express, the second I don't know, sorry...

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10 hours ago, Jacko51 said:

I see that the Brexiteers who said the post Brexit predictions of economic difficulties were all rubbish are now convinced that this prediction is clearly 100% correct. I thought we’d have enough of experts?

 

The experts were debunked all along. It was always political. We knew that.

 

They're now trying to save face knowing that they've lost.

 

The only thing I see is, yet again, brexiteers were right all along.

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12 hours ago, Davebrad said:

hang around then, only 9 more days...

It would take a lot longer for the economy to deliver what they say it will. And in my opinion it won't. 

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13 hours ago, Regal Beagle said:

 

The experts were debunked all along. It was always political. We knew that.

 

They're now trying to save face knowing that they've lost.

 

The only thing I see is, yet again, brexiteers were right all along.

They are still in denial,a bit like Jezza's mob who say that he won the argument and RLB who gave him ten out of ten for his election campaign.

Unbelievable.

 

 

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7 hours ago, MelbourneValiant said:

Even if the UK rockets for the next 10 years Remainers will say 'well, it will collapse any day now, stupid leavers'. <ovf censored> move on.

I wish you lot would. 

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1 hour ago, Jacko51 said:

I wish you lot would. 

we have... I suppose if it was the other way around we would still be arguing, but unless you stir up a revolution, all this bleating wont get you anywhere, your only option as far as I can see is work and prepare for the next election. Hope labour get its act together and wins it then go hat in hand to the eu,and suffer whatever they demand to let us back in their "friendly, perfect union of nations"... God help us on both hopes.

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2 minutes ago, Davebrad said:

we have...

But you haven't.  You started this thread nearly two years ago and you're still here bleating.

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7 minutes ago, Jacko51 said:

But you haven't.  You started this thread nearly two years ago and you're still here bleating.

I'm not bleating, i'm happy because what I wanted is being delivered, you remainers are bleating because you hav'nt/or can't accepted that you've lost...

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15 minutes ago, Davebrad said:

I'm not bleating, i'm happy because what I wanted is being delivered, you remainers are bleating because you hav'nt/or can't accepted that you've lost...

What are you most looking forward to?

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21 minutes ago, Davebrad said:

I'm not bleating, i'm happy because what I wanted is being delivered, you remainers are bleating because you hav'nt/or can't accepted that you've lost...

Yes we have. 

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On ‎23‎/‎01‎/‎2020 at 13:45, hillmanhunter said:

What are you most looking forward to?

first,  getting rid of the yoke, second, seeing their faces when we start signing trade deals...and a close third, when the other countries start their exit planning...

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