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FTSE 100 and 250 have recovered and are stable... watch

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    and all they care about is the pound lol
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    Now go have a look at the pound...
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    (Original post by shawn_o1)
    and all they care about is the pound lol
    I think people forget that the pound was worth $2 prior to the global recession. It dropped by almost $0.55 in the space of three months. Given that even the most conservative estimates say that the point will be worth $1.22, a drop of $0.23 is not going to lead to the end of the UK or even a recession.

    34908seikj
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    idk why pro-brexit people pull this out as though they've won some argument, knowing full well that people only cared about the value of the pound.
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    (Original post by Retired_Messiah)
    idk why pro-brexit people pull this out as though they've won some argument, knowing full well that people only cared about the value of the pound.
    Weaker pound is better for exports
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    (Original post by TruthToYa)
    Weaker pound is better for exports
    And the UK is a net importer....
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    (Original post by reckless_llama)
    And the UK is a net importer....
    So we export more........
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    Political Ambassador
    PM I data is showing the sort of levels you'd expect during a recession. We have a bizarre situation where consumer consumption is staying steady but business confidence is dropping through the floor. Applications for building permits are dropping and investment decisions are being pushed back or cancelled. The economy is certainly not rosy.

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    The Brexit recession has been shown as a myth.

    If we have a recession it will be due to the Conservative government's mismanagement of the economy, nothing more, nothing less. Any attempt to blame the British people for freeing themselves from the economy-restricting red tape of Brussels as somehow causing a recession will be shameful and the public will see straight through it.

    If you continually underinvest in infrastructure, fail to solve the housing crisis, you are going to end up with a malfunctioning economy, that's not Brexit that's just obvious.
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    (Original post by MagicNMedicine)
    The Brexit recession has been shown as a myth.

    If we have a recession it will be due to the Conservative government's mismanagement of the economy, nothing more, nothing less. Any attempt to blame the British people for freeing themselves from the economy-restricting red tape of Brussels as somehow causing a recession will be shameful and the public will see straight through it.

    If you continually underinvest in infrastructure, fail to solve the housing crisis, you are going to end up with a malfunctioning economy, that's not Brexit that's just obvious.
    The stick your fingers in your ears and go la la la argument to bad news.
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    People can't be this silly right?

    Companies expect the UK to bow down and make a deal.

    This was just a non-binding referendum. Wait for the oblivion to come if Britain actually leaves the EU without any trade deals.

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    (Original post by MagicNMedicine)
    The Brexit recession has been shown as a myth.

    If we have a recession it will be due to the Conservative government's mismanagement of the economy, nothing more, nothing less. Any attempt to blame the British people for freeing themselves from the economy-restricting red tape of Brussels as somehow causing a recession will be shameful and the public will see straight through it.

    If you continually underinvest in infrastructure, fail to solve the housing crisis, you are going to end up with a malfunctioning economy, that's not Brexit that's just obvious.
    Certainly with business confidence, the only reason it is so low is precisely because of the government's scaremongering pre-referendum, in a sort of self-fulfilling prophecy.
    I hope Osborne and Cameron get treated harshly by the history books for their conduct over the referendum. Failing to plan or prepare for Brexit is gross negligence of the highest order. If they genuinely believed that Brexit would harm the economy the correct step would have been to take measures to mitigate that harm.
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    (Original post by *Stefan*)
    People can't be this silly right?

    Companies expect the UK to bow down and make a deal.

    This was just a non-binding referendum. Wait for the oblivion to come if Britain actually leaves the EU without any trade deals.

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    They'll be some sort of deal with the EU- neither side can afford there not to be.
    And we have China, India, USA, Australia and Canada willing to fast-track negotiations for varyingly levels of free trade deals with us, which would be more than the EU has ever managed to accomplish.
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    [QUOTE=TruthToYa;66601320]
    (Original post by TruthToYa)
    So we export more........
    Yeah that's really not how any of this works.

    We're a net importer, so we import more than we export. That means that the pound dropping will cost us more than it will make in export increases. More exports means absolutely nothing if it costs us more to make those exports.

    I love how Brexiters are now blaming remainers for this. It's all because of us being too negative. If we just think happy thoughts it'll all go away.
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    (Original post by pol pot noodles)
    They'll be some sort of deal with the EU- neither side can afford there not to be.
    And we have China, India, USA, Australia and Canada willing to fast-track negotiations for varyingly levels of free trade deals with us, which would be more than the EU has ever managed to accomplish.
    Because the EU is very powerful and negotiates very beneficial deals. When they say they're going to fast track deals for us, what they mean is "we know you desperately need trade deals so we're going to bleed you dry and you'll get what you're given".

    The EU is currently negotiating TTIP with the US, and it's only taking so long because the EU is negotiating very hard to protect the interests of its member states. Our government won't be doing that because 1. We desperately need deals and 2. The Tories were one of the strongest supporters of TTIP in the EU.

    It's worth considering that a FTA with China would mean the end of the British manufacturing industry. All the unskilled workers whinging about there being no jobs (while unemployment is the lowest it's been for several decades) would end up in a situation where there really are no jobs.

    And it's also worth considering that Switzerland has an FTA with China which makes up about 7% of their exports, while the EU makes up 40%.

    People have this ridiculous idea that we should just be trying to get as many trade deals as possible. That just isn't how it works at all.
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    (Original post by pol pot noodles)
    They'll be some sort of deal with the EU- neither side can afford there not to be.
    And we have China, India, USA, Australia and Canada willing to fast-track negotiations for varyingly levels of free trade deals with us, which would be more than the EU has ever managed to accomplish.
    Considering that any deal will require free movement of people, surely that defeats the point?

    I'll believe that when I actually see it.

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    (Original post by *Stefan*)
    People can't be this silly right?

    Companies expect the UK to bow down and make a deal.

    This was just a non-binding referendum. Wait for the oblivion to come if Britain actually leaves the EU without any trade deals.

    Posted from TSR Mobile
    You are missing the point. Nobody thinks the UK will be unable to make a trade deal with another country ever again. The issue is that the trade deals they do make won't be as good as what the UK currently has.
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    More silly posts about free trade with China. The fear of 'brown person took muh job' would actually become a reality if we flooded our market with products made by people in China who work for £0.3 an hour.
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    (Original post by Fred5134)
    You are missing the point. Nobody thinks the UK will be unable to make a trade deal with another country ever again. The issue is that the trade deals they do make won't be as good as what the UK currently has.
    I meant trade deal with the EU, not other countries. I do agree with your point

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