UK economy slows to 0.3% and inflation is at highest level for 3 years - brexiters are you still happy?

[brexitstolemyfuture]

www.google.co.uk/amp/www.bbc.co.uk/news/amp/39743129

Or regret your choice? Brexit the gift that keeps on giving :(

EastDulwichWife Fri 28-Apr-17 16:37:44
Narrow minded eejits, leavers.

Ah, the irony.

"I'm as pro-remain as they come but given we haven't actually left the EU yet I think it's a bit of a stretch blaming this on Brexit. Awful government policy, yes, Brexit, no."

The inflation is a direct result of the devaluation of the pound that was caused by the referendum result. Inflation makes people poorer and therefore depresses the consumer spending which underpins most of the economic growth in the UK.

Yes, I'm still ecstatic - thanks for asking

Seems like everything will get blamed on Brexit tbh. I work for a bank and I don't see confidence nose diving. Change is always happening Brexit or not. I don't notice the remoaners commenting when things are going well!
And before you accuse me, I'm not racist in the least, you would know that by looking at my family!

I work in finance in a role where we monitor economic trends and business investment across the whole economy very closely and it certainly has nosedived Rennie.

I didn't say the economy hadn't nosedived.
I said confidence hasn't nosedived where I work. Please read my post!

When you said 'confidence' I presumed you meant confidence across the economy rather than just in your own workplace, given that the thread is about the increase in inflation and drop in confidence/ spending and consequent decrease in growth in the economy as a whole.

Are you aware there were people from within those communities desperately trying to clue in the authorities into the abuse?

Where did you source this from? I know a lot about the Rotherham case as I know one of the victims and have never come across this at all. It's not mentioned in either the Casey or Jay reports.

At the OP: We have had destructive near 0 interest rates for close to 10 years to create inflation. Savers have been hard hard hit. for those who plan to save for their retirement, they just lost 10 years of interest. So, inflation is welcome, if it makes the BofE push up rates.

I have a friend who is Albanian and married a French woman. He couldn't get a job for love nor money there because they would always employ the worst Frenchman than an Albanian.

We can easily move from the anecdotal to the aggregate.

Keep in mind that our "racists" (UKIP) got significantly less votes than theirs. Both Le Pen and Wilders got more votes than UKIP, despite being far more BNP like. Both are much more extreme in their anti-muslim rhetoric.

Both countries poll very high to leave (the dutch, in particular, are teetering). The only thing keeping those two countries in the EU is that their governments are too authoritarian to call a referendum for fear of getting the wrong result.

So, is going back to the Netherlands/France going to help you escape the racists?

Labour fails to realise unfettered, low skilled immigration has impoverished the working classes.
It is why they are in the self inflicted state of facing 20 years in the political wilderness.
They will never understand, it was never race or skin hue, it was merely the chance to work, to earn a wage to support a family, as generations did before.
A wage, hope, without top up benefits, without relevant discussion shut down with faux waycist chants.
Labour will be destroyed in the working class towns of the North - the place where they were born.

That's not a labour issue. The Cons think/have done that as well.

It is Labour that opened the floodgates, Labour that decimated wages by introducing tax credits, the subsidy for skinflint employers.
It has taken fifteen years, but realise workers have.

"Labour fails to realise unfettered, low skilled immigration has impoverished the working classes."

Keep repeating this nonsense as much as you like, but proper research on this from the LSE and others showed an effect of 0.4% from immigration on the wages of low paid employees over a ten year period. Quite simply, you are repeating lies you have been fed. The wages of the 'working classes' have been depressed, but not by immigration. The primary reason is globalisation of markets, particularly the fact that a large part of the unskilled labour market has moved to China and other developing countries.

Tax credits are essentially a subsidy to businessess. Companies should pay a living wage. Brexit was supposed to help the left behind. Wonder how they are getting on with higher food prices?

proper research on this from the LSE and others showed an effect of 0.4% from immigration on the wages of low paid employees over a ten year period. Quite simply, you are repeating lies you have been fed.

Possibly. But try telling that to voters in a working class constituency in the north of England and see how many votes it wins you.

Kellys, "I'm educated, cultured, I like wine and have foreign friends. Most people like me voted to remain"

You might want to do a bit of research outside of your own social circles, Dear. Because I assure you, "most people" like you did not.

"Possibly. But try telling that to voters in a working class constituency in the north of England and see how many votes it wins you."

So let's just ignore the facts and pretend lies are true because a lot of people believe them?

"You might want to do a bit of research outside of your own social circles, Dear. Because I assure you, "most people" like you did not."

www.bbc.co.uk/news/uk-politics-38762034

app.ft.com/content/32414e3e-2804-11e6-8b18-91555f2f4fde?siteedition=uk

one
the first of your links contained this caveat
This ward-by-ward analysis covers 1,070 individual wards in England and Wales whose boundaries had not changed since the 2011 census, about one in nine of the UK's wards. We had very little ward-level data from Scotland, and none from Northern Ireland
so hard to extrapolate from that
and your second link - the FT - no surprise their pre-ref poll would be skewed.
I am educated (degree level), as are many of my friends and family and we voted leave. I drink wine and am very cultured (I find Mrs Brown's boys the lowest of entertainment )
I have lived in other countries and worked all my life - and still I examined the facts and voted 'leave' because I had the courage and backbone to think it was the 'right thing to do'.
I am proud of this country for backing 'freedom'.

I have no idea why this country has not been able to co-operate with the rest of the EU, as a leading EU member. Something to do with feeling better than or different, certainly not wanting to sit in a room with "inferior continentals" on an equal rather than superior/colonial footing.

Not sure what the benefits of leaving will be. Can't see any myself. They are either pie in the sky or outright lies (extra funding for the NHS that the Tories are planning to sell off anyone?).

So far there have been elevating and "shared value" trade talks with Saudi Arabia, Duterte, Trump and Erdogan. Those had me bursting with pride to be British.

I think we belong with our European neighbours. Politically, socially, economically, geo-politically. This does not preclude trade with the rest of the world.

The UK would have had Presidency of the Council of the European Union this year, and a chance to influence the reforms that the EU is presently planning.

"Stable and strong", "Brexit means Brexit" Mrs May herself, made an emphatic pro-European speech in the run up to the referendum, with a lot more detail in it than anything she has said since.

Speech

The section of her speech on trade and the economy included this:

"The headline facts of Britain’s trade with Europe are clear. The EU is a single market of more than 500 million people, representing an economy of almost £11 trillion and a quarter of the world’s GDP. 44 per cent of our goods and services exports go to the EU, compared to five per cent to India and China. We have a trade surplus in services with the rest of the EU of £17 billion. And the trading relationship is more inter-related than even these figures suggest. Our exporters rely on inputs from EU companies more than firms from anywhere else: nine per cent of the ‘value added’ of UK exports comes from inputs from within the EU, compared to 2.7 per cent from the United States and 1.3 per cent from China.

So the single market accounts for a huge volume of our trade, but if it is completed – so there are genuinely open markets for all services, the digital economy, energy and finance – we would see a dramatic increase in economic growth, for Britain and the rest of Europe. The Capital Markets Union – initiated and led by Britain – will allow finance to flow freely between member states: the first proposal alone could lead to £110 billion in extra lending to businesses. A completed energy single market could save up to £50 billion per year across the EU by 2030. And a digital single market is estimated to be worth up to £330 billion a year to the European economy overall. As Britain is the leading country in Europe when it comes to the digital economy, that is an enormous opportunity for us all.

These changes will mean greater economic growth in Britain, higher wages in Britain and lower prices for consumers – in Britain. But they will not happen spontaneously and they require British leadership. And that is a crucial point in this referendum: if we leave the EU it is not just that we might not have access to these parts of the single market – these parts of the single market might never be created at all.

The economic case for remaining inside the European Union isn’t therefore just about risk, but about opportunity. And it isn’t just about fear, but about optimism – optimism that Britain can take a lead and deliver more trade and economic growth inside Europe and beyond."

I voted remain and do think if brexit has an effect on lowering house prices (in the south east) it will be no bad thing.
The fascists came 2nd in the French elections last week. Things are bad due to similar reasons with our neighbours and I don't think it is due to any one reason.
I can really sympathise with the frustration around limited and expensive housing. And I can imagine if I was struggling with this I would want out of Europe where I am competing with rich Europeans for property. It is just an emotional reaction.

More people from outside the EU than within it invest in UK property - and in their case we our talking about huge sums of money. EU investors are more likely to be EU citizens living here as tax payers, raising families and generally contributing. They are at home here, just as we are in Spain.

Added to this is the fact that government policy is largely responsible for the housing crisis:

www.google.co.uk/amp/s/amp.theguardian.com/commentisfree/2016/oct/04/foreign-investors-housing-crisis-sadiq-khan-london

I agree with you. But since the uk didn't get a vote on that I don't think that the housing crisis is due to any one thing: Chinese investors, French etc, poor housing policy.
Where I live there is a huge French and Greek population and the Greeks are keeping their money out of Greece. It just causes a little bit of low level grumbling.