Cerberus Posted November 2, 2016 Share Posted November 2, 2016 6 hours ago, Suspect Device said: http://www.bbc.co.uk/news/business-37832578 The PMI figures suggest that we're still making things. So far so good. How long will it last before our financial crash though? We'll be fine. With the Pound being completely trash India and China will be moving jobs here soon. 0 Quote Link to comment Share on other sites More sharing options...
ayrmad Posted November 2, 2016 Share Posted November 2, 2016 7 hours ago, Baxter Parp said: Moody's warns of UK credit rating downgrade (another one) https://www.theguardian.com/business/2016/nov/02/moodys-warns-uk-credit-rating-downgrade-brexit?CMP=share_btn_tw Wonder what fantasy rating NOers will attach to us in indyref 2. 0 Quote Link to comment Share on other sites More sharing options...
topcat(The most tip top) Posted November 9, 2016 Share Posted November 9, 2016 On 02/11/2016 at 15:15, Baxter Parp said: Moody's warns of UK credit rating downgrade (another one) https://www.theguardian.com/business/2016/nov/02/moodys-warns-uk-credit-rating-downgrade-brexit?CMP=share_btn_tw But on the other side of the coin The Price of Oil for December 2020 has dropped $3 back to $54 but that's 15% up on it's February nadir so maybe we shouldn't panic yet. 0 Quote Link to comment Share on other sites More sharing options...
welshbairn Posted November 9, 2016 Share Posted November 9, 2016 3 minutes ago, topcat(The most tip top) said: But on the other side of the coin The Price of Oil for December 2020 has dropped $3 back to $54 but that's 15% up on it's February nadir so maybe we shouldn't panic yet. Cancelled out by the dollar trumping I would have thought. 0 Quote Link to comment Share on other sites More sharing options...
Suspect Device Posted November 16, 2016 Share Posted November 16, 2016 http://www.bbc.co.uk/news/business-37997713 UK Unemployment down to 4.8%, wage growth 2.4% against estimates of 4.9% and 2.3% respectively. Inflation should be on it's way I guess. Scotland unemployment down to 4.7% as well. 0 Quote Link to comment Share on other sites More sharing options...
git-intae-thum Posted November 20, 2016 Share Posted November 20, 2016 On 16/11/2016 at 10:17, Suspect Device said: http://www.bbc.co.uk/news/business-37997713 UK Unemployment down to 4.8%, wage growth 2.4% against estimates of 4.9% and 2.3% respectively. Inflation should be on it's way I guess. Scotland unemployment down to 4.7% as well. The phoney war springs to mind. 0 Quote Link to comment Share on other sites More sharing options...
dorlomin Posted November 28, 2016 Share Posted November 28, 2016 Probably nothing, but something to keep an eye out for. 0 Quote Link to comment Share on other sites More sharing options...
Suspect Device Posted January 11, 2017 Share Posted January 11, 2017 (edited) Trade deficit surges to 12.1bn. Not good. http://www.bbc.co.uk/news/business-38582681 Although on the bright side (but not headlined on the BBC. Found in the Business live section) Quote The UK's industrial output staged a recovery in November with a rise of 2.1%. According to data from the Office for National Statistics, output beat expectations of a 0.8% rise and rebounded from a 1.1% fall in October Commenting on the latest Office for National Statistics data on trade, construction, and production, senior ONS statistician Kate Davies says: "Today’s figures continue to paint a mixed picture of the UK’s economic performance. "Production saw significant growth, mainly down to increased oil & gas output as the Buzzard field came back online along with a boost from the volatile pharmaceuticals industry. “However, the trade deficit widened as imports of transport equipment, chemicals and portable computers helped eclipse rising exports, while falls in repair work and commercial building led to a small overall decline in construction. "Overall, construction and production output has been broadly flat over the last few months.” Edited January 11, 2017 by Suspect Device 0 Quote Link to comment Share on other sites More sharing options...
Suspect Device Posted February 22, 2017 Share Posted February 22, 2017 Still more good news on the economic front so far. http://www.bbc.co.uk/news/business-39049073 Still doing better than the doom mongers warned but of course with the caveat of not actually being out yet and the intervention from the bank of England just after the vote helping to 'calm the panic'. Will be interesting to see when the economy turns. They always do so it won't be long until we get to blame Brexit for it. 0 Quote Link to comment Share on other sites More sharing options...
Granny Danger Posted February 22, 2017 Share Posted February 22, 2017 1 hour ago, Suspect Device said: Still more good news on the economic front so far. http://www.bbc.co.uk/news/business-39049073 Still doing better than the doom mongers warned but of course with the caveat of not actually being out yet and the intervention from the bank of England just after the vote helping to 'calm the panic'. Will be interesting to see when the economy turns. They always do so it won't be long until we get to blame Brexit for it. I think that the next foreseeable threat to the economy is Brexit, so if it happens and Brexit gets the blame then fair do's. More worrying is the repeal of legislation in the U.S. that was put into place to reduce the likelihood of another toxic debt led meltdown. I'm sure all the guys and gals on Wall Street are already looking at a whole new set of dodgy financial instruments that they pull together to f**k the innocent and unsuspecting American public. 0 Quote Link to comment Share on other sites More sharing options...
Ross. Posted February 22, 2017 Share Posted February 22, 2017 Manufacturing performed better than expected, which it should do thanks to the drop in the pound. Worry still has to be how reliant the economy is on the retail sector, which is still massively reliant on consumer debt. 0 Quote Link to comment Share on other sites More sharing options...
ICTChris Posted February 24, 2017 Author Share Posted February 24, 2017 Not sure this is the right thread for this but I can't be bothered starting a new one http://www.bbc.co.uk/news/business-39074461 RBS losses treble to £7bn. The bank has now lost nearly £50bn in the last decade. I read this article in the FT about the bank, it's very interesting and pretty grim reading to be honest https://www.ft.com/content/316d05c6-f4fe-11e6-95ee-f14e55513608 0 Quote Link to comment Share on other sites More sharing options...
Baxter Parp Posted February 24, 2017 Share Posted February 24, 2017 3 minutes ago, ICTChris said: Not sure this is the right thread for this but I can't be bothered starting a new one http://www.bbc.co.uk/news/business-39074461 RBS losses treble to £7bn. The bank has now lost nearly £50bn in the last decade. I read this article in the FT about the bank, it's very interesting and pretty grim reading to be honest https://www.ft.com/content/316d05c6-f4fe-11e6-95ee-f14e55513608 It's hard to understand how an institution can lose that kind of money and still exist. The article's behind a paywall. 0 Quote Link to comment Share on other sites More sharing options...
Granny Danger Posted February 24, 2017 Share Posted February 24, 2017 6 minutes ago, Baxter Parp said: It's hard to understand how an institution can lose that kind of money and still exist. The article's behind a paywall. Because if an institution like this was allowed to fail people might start asking hard questions about light regulation and the free market system. That would never do. 0 Quote Link to comment Share on other sites More sharing options...
welshbairn Posted February 24, 2017 Share Posted February 24, 2017 12 minutes ago, Baxter Parp said: It's hard to understand how an institution can lose that kind of money and still exist. The article's behind a paywall. I don't get how Volkswagen can survive either. Money seems to be illusory when you get to huge amounts. 0 Quote Link to comment Share on other sites More sharing options...
ICTChris Posted February 24, 2017 Author Share Posted February 24, 2017 The article isn't paywalled for me and I'm not a paid up member of the FT? I don't really know what the end-game is with RBS. Legacy issues are dominant but there are also problems with the current regime. The Williams and Glyn stuff is remarkable really - I know people who were working on that and were then stood down one morning with no notice whatsoever. 0 Quote Link to comment Share on other sites More sharing options...
Ross. Posted February 24, 2017 Share Posted February 24, 2017 1 hour ago, Granny Danger said: Because if an institution like this was allowed to fail people might start asking hard questions about light regulation and the free market system. That would never do. If they let it fail, it would cause others to collapse. Barclays and Lloyds for certain would go under, possibly Santander. It would also probably trigger collapses across Europe. 1 hour ago, welshbairn said: I don't get how Volkswagen can survive either. Money seems to be illusory when you get to huge amounts. VW employ in the region of 120k people directly in Germany, indirectly it will be a few multiples of that. The German government will never allow them to go under, it would be catastrophic for their economy on so many levels. Money is an illusion btw. The system only works because most people don't realise that. 0 Quote Link to comment Share on other sites More sharing options...
Granny Danger Posted February 24, 2017 Share Posted February 24, 2017 23 minutes ago, Ross. said: If they let it fail, it would cause others to collapse. Barclays and Lloyds for certain would go under, possibly Santander. It would also probably trigger collapses across Europe. I totally agree. My point was that so called free market capitalism isn't free market at all as the bank bail outs showed. I am not saying that we should have let the banking system fail, if we had then everyone would have paid a huge price not just the rich. But it sticks in the craw when right-wing politicians laud the 'risk takers' in the 'free market' economy. 0 Quote Link to comment Share on other sites More sharing options...
Zetterlund Posted February 24, 2017 Share Posted February 24, 2017 If we're not prepared to let them fail then we're giving them a free pass to continue with their greedy, reckless practices. Why would they rein it in if there's no risk to them? The longer we let them continue with it, the bigger the price we're all going to pay for it eventually. 0 Quote Link to comment Share on other sites More sharing options...
ICTChris Posted February 27, 2017 Author Share Posted February 27, 2017 I see that RBS had a second Scottish independence referendum listed as potentially impacting it's future performance in the annual results. I assume that RBS would domicile itself in London if it did become independent, considering it's owned by the British government. 0 Quote Link to comment Share on other sites More sharing options...
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