Union Jack And The Beanstalk

at

Ah here.

Autumn 2018 Economic Forecast (European Commission)

53 thoughts on “Union Jack And The Beanstalk

    1. Ollie Cromwell

      Actually I find it rather refreshing that a politician admits making a mistake or not having full knowledge of something.
      Makes quite a change in these cynical days of politics.

      1. Brother Barnabas

        +1

        I love a bit of ignorance and incompetence in a chap tasked with determined the country’s future

    2. Barry the Hatchet

      “I hadn’t quite understood the full extent of this, but it does in fact appear that our country is on an island!”
      Jesus wept.

  1. Worlds Biggest Ranter

    Graphs and statistics. Lets just take a second here and grab a little perspective.

    1) The British economy is huge. Even a tiny growth margin in such a massive economy is a big end number.
    2) Of course our growth is huge. We plummeted pretty much the furthest over the gloom years. Even with all this “growth” the debt is still increasing faster.

    Yes its grim reading for the Sasanachs and it was to be expected. If the economic impact of Brexit hasn’t done the damage then their buffoonery and 1890’s think in’s at government level surely has. But as Abraham Lincoln once said “Don’t believe everything you read on the internet”

  2. Ollie Cromwell

    The key word here is FORECAST.
    For actual FACTS economic growth in the Eurozone has slumped to the lowest levels in more than four years,down to 0.2% in Q3 2018.
    GB growth in Q2 was 0.4% and is expected to be around the same level in Q3.
    #despitebrexit
    Heh x 3 indeed.

    1. Worlds Biggest Ranter

      In fairness Ollie just give it up. I’m gonna start calling you Comical Ollie from now on. Stop digging will ya!

    2. Brother Barnabas

      “GB growth in Q2 was 0.4% and is expected to be around the same level in Q3.”

      which is still sub-ideal for an economy like the UK – should be somewhere between 2 and 3%

      the EC forecast of 1.2% in 2019 is on the low side, but there’s a clear consensus among forecasters generally that UK’s 2019 performance will be “meek”:

      OECD: 1.3%
      PwC – 1.2%
      OBR: 1.3%
      IMF: 1.6%
      NIESR: 1.9%
      Oxford Eco: 1.6%

      there’s no reputable economic forecaster predicting anything beyond insipid performance

      1. ReproButina

        The EC forecast is based on the UK trading as is with the EU27 so they’re not really taking Sasamach into account, which is understandable since nobody knows what it’s going to look like yet.

        1. Ollie Cromwell

          Correct.
          Which is why these economics forecasts are like trying to project what Jean Claude Druncker’s bart bill is going to be.

          1. ReproButina

            So just imagine how bad it’s going to be when Sterling collapses and trade dries up as the UK tries to get into the WTO and then make trade deals.

            Best sign off on the backstop ASAP. The alternative doesn’t bear thinking about.

          2. Ollie Cromwell

            ” the UK tries to get into the WTO .” You’re really not very bright on this whole trade thing are you ?
            The United Kingdom has been a WTO member since 1995.

          3. ReproButina

            I was over simplifying. The UK is a member of the WTO but its membership is bound up with the EU, meaning it has to come to an independent agreement with the WTO to define the terms of its post Sasamach membership. Attempts to fast track this by adopting the same quotas, but as an independent entity, have been blocked by some 20 countries, including the US, China, Australia and New Zealand. The WTO has said that it’s very unlikely that the UK will have agreed tariffs and quotas with all other member countries by next March.

    3. Nilbert

      stupid experts acting the maggot again eh Ollie?
      Thank goodness for brave men like David Davies and Dominic Raab who will to stand up to them… even if they don’t quite understand how international trade works.

          1. Janet, I ate my avatar

            amazed you didn’t get deleted for that observation ;)
            no no I don’t stew for days :)

  3. Friscondo

    Brexit blue passports and unicorns working out well for the Brits, I see. The utterly bizarre thing is, Brexit could potentially result in the disintegration of the union AND, a united Ireland. Strange times, indeed.

    1. Cú Chulainn

      It will most certainly mean a severe spanking for the brits.. they do however like that sort of thing.. particularly when administered by their betters.

  4. Liam Knuj

    The graph suggests the highest growth will be in Ireland and Malta. Up to us to power the European economy…

    1. Ollie Cromwell

      Ireland will grow from the toilet to the toilet roll holder.
      The idea that two of the EU’s minnows will power the European economy is a good joke though …

      1. Ollie Cromwell

        Have you discovered those Mini and Landrover factories on a 3-day week yet or are you still refusing to admit you made the whole thing up ?
        Until you come clean about it it’s hard to take anything you write seriously.

  5. SOQ

    You don’t need forecast models to know that ANY disruption to import / export to / from Britain’s nearest neighbours is going to negatively impact on economic growth.

    If Brexit happens and that is still a big IF, meaning leaving the CU, there is no way on God’s earth that the economy is going to even flat-line let alone grow for at least five years.

    Oh and it is Union Flag not Union Jack. Unless Broadsheet is at sea, which wouldn’t surprise me.

    1. Friscondo

      Ahem, “butchers apron”, I think is how it’s mostly referred to. The union is in its death throes. Any more advice on the vernacular, I’ll be glad to help.

      1. SOQ

        I refrained because I am like that. Diplomatic mainly, apart from reacting to retired srt8 men posting under various usernames because they have nothing better to be doing with the rest of their lives.

        1. Friscondo

          Are you referring to me? I work full time, shift work, meaning I am childminder to a 10 and 7 yr old three week days, and work every second weekend. Careful about the assumptions you make. Ha!

    2. ivan

      Tim Marshall has written a good book. About flags. It’s called ‘Worth Dying For”.

      Anyway, and I’d have agreed with you up until now, in it he says that actually there’s no actual basis for this ‘Jack when at sea only’ thing.

      It’s rather like one of those facts that isn’t a fact, yet refuses to die. Like Bob Holness from Blockbusters played the sax solo on Baker Street.

      (He didn’t)

  6. Ollie Cromwell

    Jordan Peterson on Question Time tonight.
    Up against Dianne Abbot.
    This will be box office.
    (Can’t see there’s anything in that to offend the BS censors but you never know.This place is becoming more and more like the Catholic Church every day.)

    1. millie st murderlark

      I love a good recession, don’t you?

      And sure, Leo says we have a rainy day fund now and everything.

  7. McVitty

    As if they needed further punishment – the EU are looking like a right pack of hacks these days.

    They won’t let the UK leave because that would set a precedent – but you won’t hear that concern in the media. It’s in the interest of democracy and EU that works for European people that the UK are allowed to leave….

  8. Dub Spot

    You couldn’t make up this buffoonery in a Viz Comic character….

    Britain’s Brexit minister has come under criticism after admitting he “hadn’t quite understood the full extent” to which UK trade was “reliant on the Dover-Calais crossing”.

    https://www.rte.ie/news/brexit/2018/1108/1009607-brexit/

    Scientist Brian Cox took to Twitter to ask: “How could it possibly come as a surprise to Dominic Raab that our most important trade gateway is that which is closest geographically to our most important market?”

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