The Student Room Group

The economy is growing

Why was everyone crying about how the uk will definitely go into recession when in actual fact the opposite happened. The economy is growing as a result of the brexit movement. The Bank of England is said to further reduce interest rates which means borrowing will be a lot cheaper duh.
Original post by Jane122
Why was everyone crying about how the uk will definitely go into recession when in actual fact the opposite happened. The economy is growing as a result of the brexit movement. The Bank of England is said to further reduce interest rates which means borrowing will be a lot cheaper duh.


F**** knows . Its all a load of tosh anyway.
It's all just predictions really, lots of economists get it wrong, in reality, you can't claim the economy will be x amount less or y amount more, as you wouldn't have known exactly what would have otherwise happened.
Reply 3
Original post by Jane122
The economy is growing as a result of the brexit movement.


What evidence is there for that?

Original post by Jane122
The Bank of England is said to further reduce interest rates which means borrowing will be a lot cheaper duh.


This isn't a good thing.
Original post by Jane122
Why was everyone crying about how the uk will definitely go into recession when in actual fact the opposite happened. The economy is growing as a result of the brexit movement. The Bank of England is said to further reduce interest rates which means borrowing will be a lot cheaper duh.


They haven't left the EU yet.... I'd wager that they're lowering interest rates simply to receive more money to ward off a recession in the hope that they'll grow in future years and be able to pay it back then, like Japan.
Reply 5
Original post by Dez
What evidence is there for that?



This isn't a good thing.


Evidence: Sky news

Why isn't it a good thing?
Reply 6
Original post by Jane122
Evidence: Sky news


:lol:

No seriously, do you have any evidence at all?

Original post by Jane122
Why isn't it a good thing?


Typically the BoE reduces interest rates in order to increase spending, this is normally done during or just before a recession in order to lessen its impact.
We'll see if that's true when the Q3 2016 figures are released next month.
We havnt left the EU yet and the bank of england has already lowered the base interest rates and initiated quantitive easing.

The banks arent stupid they know that leaving europe has bad bad effects long term. We import a lot of our goods to european countries and now we left the eu (within two years) the countries will be placing tariffs on our imports resulting in higher prices.

Also the referendum should've been the parliaments decision not ours, we all dont know anything about this and the brexit campaign was just scaremongering and lying. The lies have already been exposed as the day after brexit nigel farage said that the money will not go to nhs that we saved although his main point being it will.
Original post by zainyyyyy
We havnt left the EU yet and the bank of england has already lowered the base interest rates and initiated quantitive easing.

The banks arent stupid they know that leaving europe has bad bad effects long term. We import a lot of our goods to european countries and now we left the eu (within two years) the countries will be placing tariffs on our imports resulting in higher prices.

Also the referendum should've been the parliaments decision not ours, we all dont know anything about this and the brexit campaign was just scaremongering and lying. The lies have already been exposed as the day after brexit nigel farage said that the money will not go to nhs that we saved although his main point being it will.


That was what camp Boris was saying, all nigel said was that more money could be spent on the NHS, but he's not in government so I don't know how you can hold him accountable.
one of the main brexit campaigners
Original post by IronicalMan
That was what camp Boris was saying, all nigel said was that more money could be spent on the NHS, but he's not in government so I don't know how you can hold him accountable.
Original post by zainyyyyy
one of the main brexit campaigners


Irrelevant to the point, he has no say in government so he can't decide to spend more on the NHS, he highlighted our membership fee, which is basically us subsidizing the poorer countries economy and helping them grow theirs/be more competitive than us, for example. One of the EU aims is to redistribute wealth around Europe, obviously if they can get living standards roughly equal in each country it's easier to make a United states of Europa.
not sure if you are trolling or not.... but he is the leader of the UKIP party. Its irrelevant if they are in the government or not. Nigel Farage has power.


Original post by IronicalMan
Irrelevant to the point, he has no say in government so he can't decide to spend more on the NHS, he highlighted our membership fee, which is basically us subsidizing the poorer countries economy and helping them grow theirs/be more competitive than us, for example. One of the EU aims is to redistribute wealth around Europe, obviously if they can get living standards roughly equal in each country it's easier to make a United states of Europa.
Original post by zainyyyyy
not sure if you are trolling or not.... but he is the leader of the UKIP party. Its irrelevant if they are in the government or not. Nigel Farage has power.


Are you stupid or something ?
He cannot increase spending on the NHS, because he's not in government, if you want to blame someone, at least blame someone in government eg Borris, and his camp made the number far higher than what Nigel did. What do you expect Nigel to do when he's not in government, he said we could spend more, how do you expect him to force the government to spent more?
there was no government supporting the brexit....... all the numbers they were deciding was from the brexit campaign................

You're probably thinking right now brexit is great
Original post by IronicalMan
Are you stupid or something ?
He cannot increase spending on the NHS, because he's not in government, if you want to blame someone, at least blame someone in government eg Borris, and his camp made the number far higher than what Nigel did. What do you expect Nigel to do when he's not in government, he said we could spend more, how do you expect him to force the government to spearnt more?
Whenever there is negative economic news, remain voters blame the Brexit vote, whenever there is positive news, they hide behind the ''we haven't left yet'' excuse, bunch of whiny hypocrites.


I voted remain after doing research and looking at what would be best for myself in the short-medium term, but undeniably the remain voters are typical badly behaved liberals.
(edited 7 years ago)
Original post by zainyyyyy
there was no government supporting the brexit....... all the numbers they were deciding was from the brexit campaign................

You're probably thinking right now brexit is great


I value democracy and I don't want to become a meaningless part/ country in a European Country, which is the eventual aims of it, it's more than a trading block and will become far more than what it currently is, BORRIS, AND GOVE, are in government, NIGEL IS NOT.
what's hard to understand ?
Today, Standard & Poor said that the bounce back was temporary.
Original post by Jane122
Why was everyone crying about how the uk will definitely go into recession when in actual fact the opposite happened. The economy is growing as a result of the brexit movement. The Bank of England is said to further reduce interest rates which means borrowing will be a lot cheaper duh.


Link the course where this data comes from so we can assess it.

The value of the £ nosdived after Brexit, which will make UK products cheaper and easier to export, but that isnt always a good thing.

Before anyone can properly assess the impact of Brexit it has to happen and we need to look at data over the next 3,5 and 10 years. We are still in the EU at the moment.
The best option the UK has in order to stimulate growth in the economy is by reducing interest rates to increase spending.

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