More post brexit referendum good news!!!!

[RocketLawnChair]

I'll limit it to one post Rocket!



And also nice to see that we appear to be heading towards a Brexit that doesn't f**k the economy as well as common sense breaks out as we head for a transitional deal and staying in both the single market and the customs union.

Don't limit yourself to one post Lancs, You knock yourself out old boy.

I am still firmly in the good and bad coming from both sides of the debate camp.

[Lancasterclaret]

I failed anyway!

[TonbridgeClaret]

Sterling is now higher against the Dollar than it was one week before the referendum, it's also at it's highest level against the Euro for seven months. Economic growth is higher than predicted and the 'technical recession' predicted by Mark Carey hasn't happened. Unemployment at lowest level for years. The scare stories about Brexit are slowly being demolished.

[Lancasterclaret]

As a former member of the Labour party when Michael foot and John Smith were leaders, I have changed over the years. Although to be fair, Labour , when it wasn't dominated by the dwellers of the metropolitan London borough of ivory towers, was eurosceptic. In those days Labour used to be concerned about British workers. They said the EU was a club for bankers and big business. I know! Hard to believe isn't it!.

This is the bit I genuinely don't get. The alternative is exactly the same. You are not going to get what you want by following the wishes of the Brexiteers. You'll just get more of the same, but without the social welfare benefits of the EU as people will tell you that we need to cut things like that to become "competitive".

[RingoMcCartney]

So how can the British people be confident that the economy is going to be a success post Brexit?

By looking at where we've come from and the direction of travel. Also, the economy isn't every thing to millions of people. Having control over who comes into this country and having the ability to make our own laws and being masters of our own destiny is just as important. And sacking bad politicians. The EU can only ever offer the best form of democracy that big business can buy. For the majority of Britons that's simply not good enough.

[Lancasterclaret]

Selective economic forecasting isn't just limited to Ringo it seems.

What about wage growth Tonbridge? Its in the same articles, all over the net. You can't have missed it, so you are ignoring it because it doesn't back up your point.

[nil_desperandum]

To get the money to potentially spend on the NHS, we have to actually LEAVE and stop paying. We haven't left yet.

Hope that helps.

There are many benefits that we MIGHT enjoy post Brexit, and I'm with some people on this. But the economic argument doesn't add up. Never has. Never will. I think that even the majority of "leave" voters understand this. Their argument is that being economically less prosperous is a price worth paying for "independence". (You can agree or disagree with this stance).
It's difficult to see how the relatively low cost of EU membership, (in percentage terms of the economy, that is), can cover the costs of paying for all the alternative measures that will then have to be put in place, and that's even before we start to consider the hit to the overall economy in terms of trade, tax-take etc.
Going for the so-called "soft" option is now almost inevitable, because of pressure from business, backed by a large proportion of the population, but whilst the likes of JMG continue to raise the possibility of a "no deal" there remains an unhealthy air of uncertainty that is very bad for business in general. Many businesses are already making contingencies based on a "No deal" scenario, and once these plans are in place they are highly likely to stick with them. The clock is definitely ticking.

[UpTheBeehole]

Sorry to disappoint you up your own hole. I've just been sitting back watching you get laughed at on here, for the past couple of weeks. Highly entertaining!

Good effort

No doubt that smile was wiped off your face when I broke the news about Dyche's contract.

You see some of us are, and have friends, in high places. You're on that bottom rung, where you still think brexit is a good idea.

Every time you look up all you can see is me, being better than you, and the only thing you've got is a laughing emoji.

Cling to it well Ringo, because you're lower than the dirt on my Loakes.

[TonbridgeClaret]

Selective economic forecasting isn't just limited to Ringo it seems.

What about wage growth Tonbridge? Its in the same articles, all over the net. You can't have missed it, so you are ignoring it because it doesn't back up your point.

Aren't you being selective by mentioning the thing that backs up your point?

[RingoMcCartney]

without the social welfare benefits of the EU as people will tell you that we need to cut things like that to become "competitive".

You do realise the NHS, social security, union recognition and workers rights were all firmly established BEFORE we joined the EU don't you!?

And while we've been in the EU union power has been massively reduced

Stop giving the EU such misplaced reverence. Give the British people the respect they deserve for striving, fighting and securing the welfare state that THEY built. The welfare state has sweet jack sh1t to do with the EU.

[nil_desperandum]

Sterling is now higher against the Dollar than it was one week before the referendum, it's also at it's highest level against the Euro for seven months. Economic growth is higher than predicted and the 'technical recession' predicted by Mark Carey hasn't happened. Unemployment at lowest level for years.

And yet by all accounts, (backed up by official figures), our economy is currently doing worse than all our G7 competitors. Why do you think that is?
If the Eurozone is doing so badly, and we are doing so well, then surely we should be galloping ahead.

[RingoMcCartney]

No doubt that smile was wiped off your face when I broke the news about Dyche's contract.

You see some of us are, and have friends, in high places. You're on that bottom rung, where you still think brexit is a good idea.

Every time you look up all you can see is me, being better than you, and the only thing you've got is a laughing emoji.

Actually laughing here! To think you wrote this and meant it!

The weekend has started early.

[Lancasterclaret]

Aren't you being selective by mentioning the thing that backs up your point?

Nope, because I don't deny there is good news, I just realise that its not as simple as going "Wow, look at all this good news which proves Brexit is all going swimmingly, and prominent Brexit politicians are backing it as well, so its got to be the only thing worth talking about"

[Lancasterclaret]

Ringo, when you put it like that it just reinforces the view that you don't have a clue about EU legislation which is what I'm talking about.

[TonbridgeClaret]

Nope, because I don't deny there is good news, I just realise that its not as simple as going "Wow, look at all this good news which proves Brexit is all going swimmingly, and prominent Brexit politicians are backing it as well, so its got to be the only thing worth talking about"

Fair enough thanks for being reasonable.

[Lancasterclaret]

Cheers, I want Brexit to be a success because its my country too!

That doesn't mean I can't point out that from an economic point of view, its doesn't work.

Which then allows me to keep mentioning that if that is the case, then maybe we shouldn't be doing it.

[Walton]

Over the last 5 years, the Eurostoxx has returned 34.44%. The FTSE 20.53%

In the last year, Eurostoxx returned 9.82%. FTSE 6.83%

The Eurozone is booming, not failing.

[aggi]

Nope, because I don't deny there is good news, I just realise that its not as simple as going "Wow, look at all this good news which proves Brexit is all going swimmingly, and prominent Brexit politicians are backing it as well, so its got to be the only thing worth talking about"

The thread is titled "More post brexit referendum good news!!!!" (although I am a little concerned by anybody who uses one exclamation mark, never mind four), stop posting off topic things and ruining it.

[RingoMcCartney]

Over the last 5 years, the Eurostoxx has returned 34.44%. The FTSE 20.53%

In the last year, Eurostoxx returned 9.82%. FTSE 6.83%

The Eurozone is booming, not failing.

Economies are cyclical. When economies like Greece, Italy, Spain, Portugal and Ireland have any form of growth it has a disproportionate effect on the growth statistics. The UK has been experiencing steady growth for a good while.

What's the unemployment rate for under 30s in some of the eurozone countries.?

[RingoMcCartney]

Over the last 5 years, the Eurostoxx has returned 34.44%. The FTSE 20.53%

In the last year, Eurostoxx returned 9.82%. FTSE 6.83%

The Eurozone is booming, not failing.

Any chance you can post some details of these figures. Not that I don't believe you but I'm finding different figures, particularly the performance of the FTSE 100 and 250 over the last 5 years. Struggling to share the link.

[UpTheBeehole]

Hang on, aren't you the bloke saying the FTSE is at record levels, everything is amazing?

Then someone shows you an index which is doing miles better and you start disputing it?

[Walton]

Any chance you can post some details of these figures. Not that I don't believe you but I'm finding different figures, particularly the performance of the FTSE 100 and 250 over the last 5 years. Struggling to share the link.

Type FTSE 100 into google. A market summary opens up at the top of the page. Set it to 5 years.

Current price divided by price 5 years ago = answer

[Lancasterclaret]

Good news all, Trump has just said he's a fan of free trade.

I think the bloke needs to get a thesaurus to be perfectly honest.

[RingoMcCartney]

Hang on, aren't you the bloke saying the FTSE is at record levels, everything is amazing?

Then someone shows you an index which is doing miles better and you start disputing it?

Calm down.

The FTSE 100 is at record levels.Fact. Which is contrary to what the lying remain side said would happen. They said along with the housing market the stock market would crash. It's done completely the opposite.
Just asking for clarification that's all. No need for hysteria. There really isn't.

[RingoMcCartney]

Type FTSE 100 into google. A market summary opens up at the top of the page. Set it to 5 years.

Current price divided by price 5 years ago = answer

Ok. I did and got 32.18% for The FTSE 100. I also got 74.46% for The FTSE 250.

As you'll be aware the FTSE 250 contains companies that are less multinational and more UK centric than the FTSE100 and in my opinion is perhaps more reflective of the the UK economy and it's prospects.

Also, any numbers for unemployment for under 30s in the eurozone yet?

[Walton]

What's your starting figure for the 100?

Mine is showing as 6347.24 at 1/2/13.

[UpTheBeehole]

Can you not even get this right Ringo?

[RingoMcCartney]

Can you not even get this right Ringo?

Shhhhh. The grown ups are talking. Go to your room.

[dsr]

Over the last 5 years, the Eurostoxx has returned 34.44%. The FTSE 20.53%

In the last year, Eurostoxx returned 9.82%. FTSE 6.83%

The Eurozone is booming, not failing.

To break it down even more, from 5 years ago to 23rd June 2016 (date of referendum), Eurostoxx50 rose by 16% and the FTSE fell by 3%.

Since the referendum, Eurostoxx rose by 20% and the FTSE by 24%.

So the comparative boom in the stock exchanges all happened before the referendum. Since the vote, we've matched them.

[randomclaret2]

UTB making a fool of himself .... yet again

[UpTheBeehole]

I can still see you getting basic maths wrong from my room

[RingoMcCartney]

What's your starting figure for the 100?

Mine is showing as 6347.24 at 1/2/13.

Yeah that's the same. And if I'm being honest it's now showing 31.09 % over 5 years, cos it's obviously constantly moving.

What do you get for the FTSE 250?

[claretandy]

Who to believe

Amber Rudd, Owen Paterson, Ringo

or

The CBI, the chairman of the Bank of England and everyone in British business (except the bloke whose pubs can't provide steak on steak nights)

I've got to admit, its a tough one

You mean this CBI, the one that wants to use brexit to change employment law ?



https://t.co/pjuIxMyMrx" onclick="window.open(this.href);return false;

[Walton]

At the time of my original post the FTSE 100 was at 7650.28. It's now at 7647.98

7650.28/6347.24 = 1.20529

Or 20.53%

What are you working off?

[UpTheBeehole]

I think Ringo is looking at the point change in the day, which is currently in the early 30s

[UpTheBeehole]

What's the 250 up today? Oh, what a surprise, it's up around 70 points!


You couldn't make this up!


How embarrassing Ringo!!!!!!

[RingoMcCartney]

At the time of my original post the FTSE 100 was at 7650.28. It's now at 7647.98

7650.28/6347.24 = 1.20529

Or 20.53%

What are you working off?

Just my phone , with 11% battery left!

Just doing as you said and clearly getting different figures!. Out of interest what you getting for the FTSE 250 over 5 years.?

[Lancasterclaret]

If only my post was anything to do with that eh?

You are making a mistake often made on here (and on this thread in particular) and have posted something nothing whatsoever to do with what I posted it in response too.

I posted about the economic forecasts for Brexit, which the CBI and the Bank of England broadly agree on, and which Ledsome, Patterson and Ringo ignore.

But nice try!

[UpTheBeehole]

Just my phone , with 11% battery left!

Just doing as you said and clearly getting different figures!. Out of interest what you getting for the FTSE 250 over 5 years.?

There's only one way to do simple maths you know

[Tall Paul]

You can understand the confusion, it's not as if the daily movement shows the percentage change in brackets next to it.

[RingoMcCartney]

If only my post was anything to do with that eh?

You are making a mistake often made on here (and on this thread in particular) and have posted something nothing whatsoever to do with what I posted it in response too.

I posted about the economic forecasts for Brexit, which the CBI and the Bank of England broadly agree on, and which Ledsome, Patterson and Ringo ignore.

But nice try!

1 have the CBI and the BoE been wrong with their forecasts in the past? - Yes.

Her Majesty the Queen meeting the Governer and his team-" why did nobody see the financial crash coming then?" - bright red faces all round!

2. Given the CBI represents big business. Would it be plausable that the members it represents benefit financially from having a large supply of cheap foreign labour readily available to out price and undercut alresdy beleagure British workers? - too right! Mike Ashley springs to mind. You know the guy who's warehouse is filled with minimum wage and zero hours contracts workers from eastern Europe. Where women are giving birth in the toilets, so scared of the repercussions of taking time off.

Yeah the CBI always the last bastion for workers, their rights and their welfare!

[Lancasterclaret]

But the CBI and the Bank of England know more about what they are talking abou.......oh, hang on, forgot that we don't listen to experts anymore.

We listen to Johnson, and Gove and people like that. Thank god they have never lied or been wrong about anything eh?

[barba]

Over the last 5 years, the Eurostoxx has returned 34.44%. The FTSE 20.53%

In the last year, Eurostoxx returned 9.82%. FTSE 6.83%

The Eurozone is booming, not failing.

When you look at the post credit crisis Eurostoxx returns against the FTSE and the comparable GDP figures a tangible argument could be, the Eurozone is simple "catching up".

Also and more rhetorically how much of the current growth is being driven by the ECB's QE program

[UpTheBeehole]

Any chance of Ringo acknowledging his basic error you think?

[RingoMcCartney]

But the CBI and the Bank of England know more about what they are talking abou.......oh, hang on, forgot that we don't listen to experts anymore.

We listen to Johnson, and Gove and people like that. Thank god they have never lied or been wrong about anything eh?

What Gove actually said was "we don't need experts to tell explain what sovereignty is"

He was right.

Doesn't stop people partly misquoting him to suit their agenda though I guess.....

[claretandy]

If only my post was anything to do with that eh?

You are making a mistake often made on here (and on this thread in particular) and have posted something nothing whatsoever to do with what I posted it in response too.

I posted about the economic forecasts for Brexit, which the CBI and the Bank of England broadly agree on, and which Ledsome, Patterson and Ringo ignore.

But nice try!

It was more a general point that the CBI want to use brexit to change employment law which is what remainers say brexiteers want to do.

[UpTheBeehole]

What Gove actually said was "we don't need experts to tell explain what sovereignty is"

He was right.

Doesn't stop people partly misquoting him to suit their agenda though I guess.....

Any chance of you acknowledging your error?

Or should we all just leave it there for everyone else to decide what a tool you are?

[Sidney1st]

It was more a general point that the CBI want to use brexit to change employment law which is what remainers say brexiteers want to do.

I thought it was more a case of them assuming the Tories are going to rip up all the workers rights once we left the EU?

[lovebeingaclaret]

UTB is correct. Ringo should acknowledge his error. Why on earth should he not admit to being totally at fault for not making UTB a foe on here.?

[RingoMcCartney]

At the time of my original post the FTSE 100 was at 7650.28. It's now at 7647.98

7650.28/6347.24 = 1.20529

Or 20.53%

What are you working off?

Yeah hold my hand up. Just looked again and when I press the 5 year icon, the graph extends for a 5 year period BUT the figure it shows isn't the 5 year percentage increase, it stays on today's rise/fall. So you can see how I've made the honest mistake.

I was looking earlier at different figures altogether that showed the returns from the FTSE 100 companies (ie dividends) and they were around the 50% Mark. The returns from the FTSE 250 were around 90%. Unfortunately I wasn't able to post the document. It's fair to not just look at the percentage rise in a group of shares as it is the returns from those shares to asess their relative strength compared to others, don't you think?

And I'm not being awkward here, how do the figures for the FTSE 250 look to you? When I try via Google it stubbornly sticks on today's figures despite putting in 5 years.