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Brexit slowly becoming a Farce.


John Lambies Doos

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Another reality check for the Project Fear mongers -  http://www.bbc.co.uk/news/uk-politics-38001834

"UK unemployment fell by 37,000 to 1.6 million in the three months to September, hitting an 11-year low. The jobless rate fell to 4.8% in the same period, while the number of people in work went up by 49,000, said the Office for National Statistics (ONS)."

Those are three months immediately after the referendum. Inflation has also fallen back to 0.9%.

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Another reality check for the Project Fear mongers -  http://www.bbc.co.uk/news/uk-politics-38001834

"UK unemployment fell by 37,000 to 1.6 million in the three months to September, hitting an 11-year low. The jobless rate fell to 4.8% in the same period, while the number of people in work went up by 49,000, said the Office for National Statistics (ONS)."

Those are three months immediately after the referendum. Inflation has also fallen back to 0.9%.




Probably fair to say that due to lag that would probably have happened despite referendum result. Next two years will tell a lot more
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A report on the BBC News tonight said that the significant majority of those new jobs were taken by non UK workers showing that the country is still heavily reliant on EU / non EU folk coming into the country to take jobs.

Also, I'm assuming that this is the link that was meant to be posted above:

http://www.bbc.co.uk/news/business-37997713

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Quote

Meanwhile, the number of people claiming unemployment benefits in October increased by 9,800, the biggest rise since May, the ONS said. The employment figures are based on the Labour Force Survey, in which the ONS speaks to about 40,000 households once every three months.
That is a very large survey, but it still means the figures are not precise.

The ONS is 95% confident that the figure of a 37,000 fall in unemployment is accurate give or take 79,000. That means that the fall in unemployment is not statistically significant.

 

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24 minutes ago, John Lambies Doos said:


Probably fair to say that due to lag that would probably have happened despite referendum result. Next two years will tell a lot more

 

 

The Treasury and the Remainers were predicting doom immediately after a Leave vote. Your last sentence is naturally right as the negotiated EU deal will be the key. The Government is right to keep its proverbial cards close to its chest. The benefits of escaping the EEA's 12,000 tariffs and its cumbersome laws and regulations could be huge.

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Philip Hammond will admit to the largest deterioration in British public finances since 2011 in next week’s Autumn Statement when the official forecast will show the UK faces a £100bn bill for Brexit within five years.

Slower growth and lower-than-expected investment will hit tax revenues hard, the official forecasts will show, supporting the Treasury’s pre-referendum warnings that the long-term economic costs of Brexit are high.
 

 

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^ The FT is a Remoaner rag. Hammond went native at the Foreign office. The Treasury's forecasts, post referendum, have been debunked by positive economic news. It will not admit that its dire forecasts for the last 3 months were wrong. Growth is much higher than the Treasury predicted. Unemployment is falling and employment is rising. Inflation is down again. As for investment, just look at Google's announcement this week.

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^ The FT is a Remoaner rag. Hammond went native at the Foreign office. The Treasury's forecasts, post referendum, have been debunked by positive economic news. It will not admit that its dire forecasts for the last 3 months were wrong. Growth is much higher than the Treasury predicted. Unemployment is falling and employment is rising. Inflation is down again. As for investment, just look at Google's announcement this week.

I think you forgot to mention the £65 billion of investments that have been abandoned since Brexit.

http://news.sky.com/story/business-investments-worth-163655bn-abandoned-after-brexit-vote-10657282

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