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News & politics

The economy.

(270 Posts)
Whitewavemark2 Tue 30-Jul-19 07:59:49

This morning at Gatwick.

The pound is at parity with the dollar. This has NEVER happened in its history.

The pound is worth now about 87p against the euro.

The implication for the economy is dire.

GillT57 Thu 01-Aug-19 16:12:41

But Day6 backing British Farmers is not only done by Brexiteers you know. We all, hopefully, try to buy locally or at least British, but there is no getting away from the fact that we are not self sufficient in food in this country.

crystaltipps Thu 01-Aug-19 16:08:07

Who are the farmers thanking? Maybe those who buy their stuff?

Day6 Thu 01-Aug-19 16:04:44

No wonder they are up in arms

How strange. The farmers in the county have "Thank you for supporting British Farming" posters pinned to gates and bridges for passing traffic to see - all adorned with the Union Jack flag.

hmm

Whitewavemark2 Thu 01-Aug-19 15:56:13

Oh those darned experts!! Life would be so much easier if we didnt have people who know what they are talking about.

Universities wouldn’t exist, schools wouldn’t exist- in fact parliament Would be the only place that would be stuffed with people as none of them seem to know a thing yet put out the propaganda by the day.

The latest nonsense

undemocratic backstop

turbocharged

Just how thick do they think we are??

crystaltipps Thu 01-Aug-19 15:54:41

So some beer and food sales went up - coinciding with lots of sporting and outdoor events when people have bbqs - not a reflecting on how marvellous Brexit is going.

crystaltipps Thu 01-Aug-19 15:53:00

Carney is only the governor of the Bank of England so I expect leavers on here have far more knowledge of the economy. £ will hit an all time low soon,

varian Thu 01-Aug-19 15:12:43

This was on the basis of a deal. He made it clear that things would be much much worse if we left the EU with no deal.

Urmstongran Thu 01-Aug-19 15:07:27

Carney’s at it again. ‘One in three chance that there will be a recession’ means that it is twice as likely that there won't be one!

More attempts of doom and gloom from Carney.

varian Thu 01-Aug-19 13:59:09

or turbocharge?

Whitewavemark2 Thu 01-Aug-19 13:18:13

I wonder if the cabinet members gets a bonus every time they say undemocratic backstop

Whitewavemark2 Thu 01-Aug-19 13:16:33

Peter Hyman
@PeterHyman21

This is the most disgusting waste of money ever - money that could go on schools or hospitals is being used to prepare for something that would be a disaster, should never happen and even the PM says is a one in a million chance of happening. A total disgrace.

Whitewavemark2 Thu 01-Aug-19 13:08:05

6.1bn I can’t believe what they are doing

Just heard undemocratic backstop again ???

Is it Cummings idea that one?

The joke if it is that it was May that negotiated it.

Whitewavemark2 Thu 01-Aug-19 12:45:51

The Bank of England has cut the growth rate forecast for the next two years down from the original forecast.

That is if there is a deal

Without a deal the growth rate will be a lot less, or even negative.

POGS Thu 01-Aug-19 12:09:34

Nonnie

Genuine question.

Do you believe the Euro Nation countries are doing well?

Do you follow world wide markets such as the ECB or focus only on the UK.?

Nonnie Thu 01-Aug-19 11:46:59

Yes, of course there are companies that are doing better but hardly Thomas Cook! Just look at their share price this year! I have only checked them because I knew a little of what had happened but basing 'good news' on such items is far too shallow. The overall economy is doing badly and all the experts expect it to get worse if we leave the EU and disastrous if we leave without a deal.

Urmstongran Thu 01-Aug-19 11:25:19

I can’t give an opinion Nonnie sorry.

I’m just sharing some good economic news - to give a little balance on this thread as it’s been so depressing to read!

Urmstongran Thu 01-Aug-19 11:22:37

‘Harvester’ owner Mitchells & Butlers said third-quarter revenues were boosted by a spike in food sales.

The company, which also owns Miller & Carter, Toby Carvery and All Bar One, said like-for-like sales jumped 2.8pc. Strong food sales, which rose by 5.4pc, offset a 0.3pc decline in drink sales.

Nonnie Thu 01-Aug-19 11:21:46

Urmston I don't understand the relevance of the CIPD info, please explain?

Well done Thomas Cook but we should be looking at the whole country not just one company. It is interesting the the Dow has plummeted after the Fed changed interest rates yesterday. In normal circumstances we would have expected it would have a positive effect on the £ but it hasn't it has dropped again and is now 1.21$ Please give your opinion on this.

Urmstongran Thu 01-Aug-19 11:21:17

There is good news out there too!

Depends what you want to focus on.
?

Urmstongran Thu 01-Aug-19 11:19:24

Deliveroo has acquired a Scottish software development company, Cultivate, and plans to treble the size of the firm’s Edinburgh office.

The food delivery service has previously worked with the firm on projects including building its payments system.

Urmstongran Thu 01-Aug-19 11:17:51

Pest control firm Rentokil has beaten analysts’ expectations after posting a 4.2pc rise in revenue and an 11.6pc increase in operating profit to £152.1m.

Andy Ransom, chief executive, said it did “very well” in its first six months, driven by “further execution of high quality acquisitions”.

Urmstongran Thu 01-Aug-19 11:15:37

A sudden take-off for Thomas Cook shares pushed the travel group to the top of All-Share risers, hitting highs of 40pc up in midday trading yesterday.

Urmstongran Thu 01-Aug-19 11:12:23

PANIC over the rise of the gig economy, zero-hours contracts and insecure work is based on a misunderstanding, according to the Chartered Institute of Personnel and Development (CIPD).

Rather than becoming less secure, the world of work has become more stable, despite the rising profile of flexible online jobs and the use of gig workers in industries such as minicab driving and takeaway delivery.

The professional body’s study of the job market found that the number of people in “atypical” work has risen, but largely because the overall number of people in work has hit record highs.

growstuff Thu 01-Aug-19 11:07:40

By the way, how does a country do a deal with South America? South America has a number of different countries.

Nonnie Thu 01-Aug-19 11:06:46

Urmston that is your opinion which does not seem to be shared by economists. Do you read all the posts or are you ignoring the ones you have no answer to?