Unbelievable!

securespark · 27 Jun 2016

I've just seen a snippet of a news clip on the BBC news on right now.

In it, a factory owner was saying that if the Remainers carry on, the country could end up in recession!!!

What?????????????

It's OUR fault the country will slip into recession????

EFLImpudence · 27 Jun 2016

Carry on what?

That aside, weren't we in a recession before the vote?

ajstoneservices · 27 Jun 2016

EFLImpudence said:
weren't we in a recession before the vote?

Yes.

^woody^ · 28 Jun 2016

The vote has been taken, and it wont change. We are leaving the EU.

There does seem a sense of wanting failure from the Remainers, just so they can say "I told you so"

We all need to deal with it and get behind bringing the UK up to what it can be. Not mope around encouraging it to fail.

Deleted member 63160 · 28 Jun 2016

There are those "remainers" that as you say continue to talk down the chance of success at every opportunity. Their traitorous drivel a clear indication of the sort of person they are. They want our wonderful country to fail just so they can be "right on the internet". Ask yourselves, "what sort of scum does that"?

JohnD · 28 Jun 2016

It's such a sweet fantasy that you imagine public discussion will influence the 27 nations away from doing whatever they think is in the best interests of themselves and their community.

handyjack · 28 Jun 2016

mitch66 said:
There are those "remainers" that as you say continue to talk down the chance of success at every opportunity. Their traitorous drivel a clear indication of the sort of person they are. They want our wonderful country to fail just so they can be "right on the internet". Ask yourselves, "what sort of scum does that"?

We all know the answer to that, don't we.

Himaginn · 28 Jun 2016

mitch66 said:
There are those "remainers" that as you say continue to talk down the chance of success at every opportunity. Their traitorous drivel a clear indication of the sort of person they are. They want our wonderful country to fail just so they can be "right on the internet". Ask yourselves, "what sort of scum does that"?

You're so funny Mitch. When it's all gone pear shaped, it'll be the Remainers fault.

At least you're recognising that it is likely to go pear shaped.

You have to admire Farage's courage, the first turkey to vote for Christmas.

motorbiking · 29 Jun 2016

We weren't in a recession before the vote and there is only talk of a technical recession being a possibility now. In times of uncertainty, business decisions go on hold and that dries up investment. If output declines 2 quarters then we slip back in to recession (technically).

With such a weak £ though, its hard to see (though we may blip 12 months or so). The unintended consequences is likely to be UK industry bought up by Chinese, American and Indian investors who are looking to snap up a bargain.

The FTSE has bounced back today, but its irrelevant as the currency is set to drop more. This in itself affects our trade deficit as we'll be selling low and buying high, so to speak

EFLImpudence · 29 Jun 2016

motorbiking said:
We weren't in a recession before the vote

Yes, we were - and therefore, still are.
http://www.bbc.com/news/business-36266178

and there is only talk of a technical recession being a possibility now.

What is a technical one?

Himaginn · 29 Jun 2016

motorbiking said:
The FTSE has bounced back today, but its irrelevant as the currency is set to drop more. This in itself affects our trade deficit as we'll be selling low and buying high, so to speak

The FTSE has bounced back from a very low position.
However, going back to the last election, when the Tories won and Cameron promised a referendum the FTSE was around the 7000 mark.
That means we're still massively down since the last GE.

Himaginn · 29 Jun 2016

EFLImpudence said:
motorbiking said:

We weren't in a recession before the vote

Click to expand...

Yes, we were - and therefore, still are.
http://www.bbc.com/news/business-36266178

and there is only talk of a technical recession being a possibility now.

Click to expand...

What is a technical one?

Although industry is in recession the whole economy is not.

a recession is generally defined as two successive quarters of negative economic growth, as measured by the seasonally adjusted quarter-on-quarter figures for real GDP

https://en.wikipedia.org/wiki/List_of_recessions_in_the_United_Kingdom

https://ig.ft.com/sites/numbers/economies/uk