required field
- 03 Feb 2016 10:00
Thought I'd start a new thread as this is going to be a major talking point this year...have not made up my mind yet...(unlike bucksfizz)....but thinking of voting for an exit as Europe is not doing Britain any good at all it seems....
grannyboy
- 27 Oct 2016 11:10
- 5725 of 12628
Shock!!Horror!!!
Nissan to build the new Qashqai....IN SUNDERLAND....
THEY LOOK TO BE REALLY WORRIED ABOUT BREXIT!!!!!..
Chris Carson
- 27 Oct 2016 11:37
- 5726 of 12628
The Latest News As It Breaks
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BREAKING NEWS - UK economy defies fears of quick Brexit hit, grows solidly in Q3
UK Q3 GDP RISES 2.3% ON YEAR, CONSENSUS 2.1%
UK Q3 GDP UP 0.5% ON QUARTER, CONSENSUS 0.3%
UK Q3 GDP UP 0.5% Q/Q; UP 2.3% Y/Y; ABOVE FORECAST
UK 3Q GDP Was Forecast +0.4% On Qtr, +2.1% On Yr
UK Preliminary 3Q GDP +0.5% On Quarter; +2.3% On Year
Britain's economy barely slowed in the third quarter despite the Brexit vote shock, further diminishing the chance of a fresh interest rate cut by the Bank of England next week.
Gross domestic product expanded by 0.5 percent in the July-September period, less rapid than the unusually strong growth of 0.7 percent seen in the second quarter but comfortably above a median forecast of 0.3 percent in a Reuters poll of economists.
Compared with the third quarter of last year, growth picked up to 2.3 percent, the strongest pace in more than a year, according to the preliminary figures from the Office for National Statistics.
"There is little evidence of a pronounced effect in the immediate aftermath of the vote," ONS chief economist Joe Grice said, adding growth was in line with the pattern since 2015.
Supporters of Brexit are likely to say the figures back the claims they made during the referendum campaign that warnings of a big hit to Britain's economy from a vote to leave the EU were little more than scaremongering.
The stronger-than-expected growth in the third quarter was thanks only to the country's dominant services sector which saw rapid growth in film and television production and distribution.
The ONS linked the pickup to strong box office receipts in July when the latest releases in the Jason Bourne and Star Trek series hit the screens along with other blockbusters.
The figures provide the first broad estimate of the size of the hit to Britain's economy from the referendum decision in June to leave the European Union.
Many economists originally expected a 'Leave' vote to push the economy quickly into a shallow recession.
The BoE said as recently as September that the preliminary ONS reading would probably show growth in the third quarter of only 0.2 percent.
The Bank has come under criticism from some Brexit supporters for warning of a big economic hit from a vote to leave the EU. It has predicted a sharp slowing of growth next year as the impact of the referendum is felt more fully.
The central bank is due to decide next week whether to cut interest rates further below their all-time low of 0.25 percent, something it hinted at last month.
But its governor, Mark Carney, suggested on Tuesday that he was concerned about the sharp fall in the value of the pound and how that will push up inflation, further dampening already low expectations of a rate cut on Nov. 3.
A Reuters poll of economists has shown the BoE is not expected to ease policy until early 2017.
Finance minister Philip Hammond will also pay close attention to Thursday's GDP figures.
He is due to announce his first budget plans on Nov. 23 and has suggested he could approve higher levels of public spending if necessary to help the economy cope with the Brexit slowdown.
The ONS said on Thursday that the country’s dominant services sector provided all the growth for the economy in the third quarter, growing by 0.8 percent from the April-June period.
Industrial production, including manufacturing, and construction both contracted, down 0.4 percent and 1.4 percent respectively. The fall in construction was the biggest since the third quarter of 2012.
In August alone, the services sector grew by a monthly 0.2 percent after a strong July when it expanded 0.4 percent, the ONS said, citing its separate index for the sector.
The preliminary GDP data do not include a breakdown of spending and are based on estimates accounting more than half of the overall reading
grannyboy
- 27 Oct 2016 11:49
- 5727 of 12628
Yes and expect stronger figures from the MANUFACTUERS/EXPORTERS in
the next quarterly figures due to the benefit of the sterlings fall.
cynic
- 27 Oct 2016 13:30
- 5728 of 12628
let's hope we're all chuckling in 18 months time ..... further ahead than that is too far
grannyboy
- 27 Oct 2016 18:25
- 5729 of 12628
The BBC in their teatime news started off positive on the GDP and the
Nissan report that they intend to build the new qashqai in Sunderland
then they reverted to form by stealing the Labour party ruse that some
cosy deal had been arranged and promises made, but the Labour party
are keeping quiet on the plans that they say they would implement with
the financial sector where they would arrange a sweetheart deal with the
EU, but then it does not surprise you, 99% of those that work in the bbc
are ex guardianista's..
Fred1new
- 28 Oct 2016 11:15
- 5730 of 12628
grannyboy
- 28 Oct 2016 11:48
- 5731 of 12628
Its a well known fact that after the BBC, Sky comes right up there as
a sycophantic pro-eu brown nosing organisation, they must be pretty miffed
at having to report that Northern Ireland's high court have dismissed a
legal challenge to the Prime minsters power to trigger article50..
Fred1new
- 29 Oct 2016 09:36
- 5732 of 12628
grannyboy
- 29 Oct 2016 10:38
- 5733 of 12628
There should be a cartoon based on the 'remoaner's' of Islington sipping their
champagne and raising their crystal glasses to Brussels...
Now that would be a hoot!!..
MaxK
- 29 Oct 2016 12:35
- 5734 of 12628
Lily Allen says black-cab driver told her: 'Find an immigrant to drive you'
Singer tells how driver also called her a ‘stupid tart’ when refusing to collect her after she urged UK to take more refugees
More self serving tosh here:
https://www.theguardian.com/music/2016/oct/28/lily-allen-black-cab-driver-find-immigrant-drive-you
Fred1new
- 29 Oct 2016 14:24
- 5735 of 12628
I can see where Granny and you get your charm from.
Are you a member of a football hooligan party as well as the little englanders party?
grannyboy
- 29 Oct 2016 14:39
- 5736 of 12628
I'd have called her something stronger then tart, Has she taken in family
of migrants yet?
Is little fred accusing people of being little englanders again??
Has little fred volunteered to take in an immigrant family YET!!
grannyboy
- 29 Oct 2016 14:51
- 5737 of 12628
Everytime i hear a comment from missy lily alen or look at her red rimmed
sop filled eyes...Tarred and feathered springs to mind....
Fred1new
- 31 Oct 2016 08:15
- 5738 of 12628
grannyboy
- 31 Oct 2016 08:21
- 5739 of 12628
With the deal now signed off between the EU-Canada, I take it the Walloons
suddenly came to their senses, and came to the conclusion that it was a wonderful
deal after all?....
KidA
- 31 Oct 2016 13:31
- 5740 of 12628
Money (That's What They Want)
Fred1new
- 31 Oct 2016 14:21
- 5741 of 12628
What was their objection to signing the previous deal?
cynic
- 31 Oct 2016 15:09
- 5742 of 12628
the canadians refuse to speak flemish
MaxK
- 31 Oct 2016 15:16
- 5743 of 12628
What happened to the holy of holies re: the Canadian deal?
cynic
- 31 Oct 2016 15:45
- 5744 of 12628
doh! ..... it's been signed off
DO try to keep up with the game :-)