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Post by buccaneer on Feb 10, 2023 12:25:24 GMT
UK economy grew by 4% in 2022 well above #IMF prediction and despite 0.5% hit from strikers in December. 🇬🇧 was the fastest growing economy in the #G7 last year. L Fox. Ouch. Will the UK economy have the slowest growth in G7 next year IMF says? The International Monetary Fund (IMF) has warned that the UK faces the slowest rate of growth in the G7 next year. The IMF predicts that UK economic growth will fall to 0.5% in 2023, which is considerably lower than its previous prediction of 1.2%, which was forecast in April. www.maxwellsaccountants.co.uk › ... IMF warns UK is set for slowest rate of growth of G7 countries The UK has grown beyond IMF predictions for 2022. So why would one want to put too much stock in their forecasts for the next year when they're not exactly on the money with their predictions with this year? C'mon. You rely on predictions and forecasts for the future, and when they're wrong you rely on latest predictions and forecast for the future. And you act as though it is gospel. #Nohardevidence. |
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Post by Vinny on Feb 10, 2023 12:26:18 GMT
Will the UK economy have the slowest growth in G7 next year IMF says? The International Monetary Fund (IMF) has warned that the UK faces the slowest rate of growth in the G7 next year. The IMF predicts that UK economic growth will fall to 0.5% in 2023, which is considerably lower than its previous prediction of 1.2%, which was forecast in April. www.maxwellsaccountants.co.uk › ... IMF warns UK is set for slowest rate of growth of G7 countries BTW today's economic news is that the UK economy narrowly missed recession (two consecutive quarters of negative growth) last year because the economy is flatlining. Again no link so I am unimpressed with your "facts". There are global recessive forces at play right now, damn right we came close to recession, lots of countries have come close and may still fall. Canada is predicted to fall into recession. New Zealand is predicted to fall into recession. Germany is predicted to fall into recession too! What's your point ? |
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Post by oracle75 on Feb 10, 2023 13:47:41 GMT
I replied to the two links you posted. And proved both wrong because they were not relative to GDP. Nor have you defended your assertions with figures relative to GDP. It is no good saying you grew because you put a hundred million into the military when your economy grew by say 10 percent. You ar cutting a smaller piece of a growing pie and saying you are growing the military. Whatever figures you want to quote cannot be divorced from the country's GDP. It is a common lie told by politicians who tell you how much they have spent on something while never telling you how that compares to last year or what size of the pie that is. And next time you think about replying, I just laugh when you think telling someone they are wrong is not backed up by links. Just who do you think you are when you don't even understand the basics of economics and spend your life in here defending the indefensible with unsupported rubbish. All you proved was when proven wrong you move the goalposts and pretend you posted about spend:GDP when actually you posted about 'budget' You are the unacceptable face of remain and leave's best recruiting sergeant. Please don't post again Oh do learn to read. I said GROWTH depends on GDP. Not the budget. I said thecUK has the slowest GROWTH in the G7 post Covid. I also linked to a graph which clearly proves the UK has spent less per its GDP on the military for years. I don't have time to teach you economics 101 when you haven't learned to read yet. |
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Post by oracle75 on Feb 10, 2023 13:53:22 GMT
Will the UK economy have the slowest growth in G7 next year IMF says? The International Monetary Fund (IMF) has warned that the UK faces the slowest rate of growth in the G7 next year. The IMF predicts that UK economic growth will fall to 0.5% in 2023, which is considerably lower than its previous prediction of 1.2%, which was forecast in April. www.maxwellsaccountants.co.uk › ... IMF warns UK is set for slowest rate of growth of G7 countries The UK has grown beyond IMF predictions for 2022. So why would one want to put too much stock in their forecasts for have predict the next year when they're not exactly on the money with their predictions with this year? C'mon. You rely on predictions and forecasts for the future, and when they're wrong you rely on latest predictions and forecast for the future. And you act as though it is gospel. #Nohardevidence. No forecasts were mentioned. I said that this morning it was announced that the UK's economy flatlined in the last quarter of 2022. Narrowly avoiding a recession since the previous quarter would have had to have shown a shrinkage ( it needs 2 consecutive quarters of shrinkage of GDP to be in recession). The IMF may have predicted a slower growth. It makes no difference to the fact that the UK is still has the slowest growth in the G7. |
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Post by jonksy on Feb 10, 2023 13:53:29 GMT
Tell the EUSSR to fuck off Former Brexit Secretary David Davis has issued a furious criticism of the EUSSR after the UK was fined £2.3billion following a customs dispute with the bloc. The EUSSR of Justice found the UK had been negligent when it allowed criminal gangs to flood the bloc with cheap Chinese goods. The Haltemprice and Howdeny MP said the judgement is "one more validation of the reasons we have left the EUSSR". He said he is "not remotely persuaded" that the decision was a "fair judgement". The UK formally left the EUSSR on January 31, 2020. But Brussels claimed the UK had failed to prevent undervaluation fraud involving importations of Chinese textiles and footwear between November 2011 and October 2017. In a judgement published on March 8, 2022, the ECJ found against the UK on most liability points. But John Glen, Chief Secretary to the Treasury, said the UK has argued throughout the case that it took "appropriate steps" to counter the fraud in question.
www.msn.com/en-gb/money/other/david-davis-launches-furious-tirade-as-uk-fined-2-3bn-by-eu-3-years-after-brexit/ar-AA17j9c1?cvid=374d5cb3ec904d4da52e134d6bfafa1a&ocid=winp2fptaskbarhover |
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Post by Baron von Lotsov on Feb 10, 2023 14:24:25 GMT
The UK has grown beyond IMF predictions for 2022. So why would one want to put too much stock in their forecasts for have predict the next year when they're not exactly on the money with their predictions with this year? C'mon. You rely on predictions and forecasts for the future, and when they're wrong you rely on latest predictions and forecast for the future. And you act as though it is gospel. #Nohardevidence. No forecasts were mentioned. I said that this morning it was announced that the UK's economy flatlined in the last quarter of 2022. Narrowly avoiding a recession since the previous quarter would have had to have shown a shrinkage ( it needs 2 consecutive quarters of shrinkage of GDP to be in recession). The IMF may have predicted a slower growth. It makes no difference to the fact that the UK is still has the slowest growth in the G7. The IMF predicted Russia would shrink by -0.3% but has now revised to +2.3%. |
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Post by patman post on Feb 10, 2023 14:30:56 GMT
The UK investment was cut back once the vote loomed and especially after it, even a buccing idiot knows that. But then even a buccing idiot would know that it's dishonest to disown the 2019-22 figures on page 1 of this thread and then claim it's dishonest to be given the longer term position. But as you insist on the 2019-22 comparison we're still doing worse UK: 9.5% Eurozone: 10.5% and a reminder, worse compared to others  And yet, even a fucking idiot knows there are a plethora of reasons for that. Not just Brexit you dishonest git. So discounting the effect of Brexit, is the UK better off or worse off than the other countries...? |
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Post by patman post on Feb 10, 2023 14:44:08 GMT
Looking at the GDP per capita, the UK does not compare well to other European countries. This means that the UK (with GDP at per capita is $39,090,990) is less productive per person than the following 16 other European countries: Germany, Netherlands, Switzerland, Sweden, Belgium, Austria, Norway, Denmark, Ireland, Finland, Luxembourg, Iceland, Monaco, Liechtenstein and San Marino... worldpopulationreview.com/country-rankings/richest-european-countries#:~:text=Here%20are%20the%2010%20richest,France%20%2D%20%242.47%20Tn |
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Post by Deleted on Feb 10, 2023 14:54:06 GMT
Will the UK economy have the slowest growth in G7 next year IMF says? The International Monetary Fund (IMF) has warned that the UK faces the slowest rate of growth in the G7 next year. The IMF predicts that UK economic growth will fall to 0.5% in 2023, which is considerably lower than its previous prediction of 1.2%, which was forecast in April. www.maxwellsaccountants.co.uk › ... IMF warns UK is set for slowest rate of growth of G7 countries Don't trust anything the IMF forecast. Their crystal ball seems to have frosted over. |
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Post by Pacifico on Feb 10, 2023 17:41:51 GMT
Looking at the GDP per capita, the UK does not compare well to other European countries.
This means that the UK (with GDP at per capita is $39,090,990) is less productive per person than the following 16 other European countries: Germany, Netherlands, Switzerland, Sweden, Belgium, Austria, Norway, Denmark, Ireland, Finland, Luxembourg, Iceland, Monaco, Liechtenstein and San Marino... It certainly does not - mass immigration for the last 30 years has done nothing to benefit the average UK citizen. |
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Post by Steve on Feb 10, 2023 22:19:47 GMT
The UK has grown beyond IMF predictions for 2022. So why would one want to put too much stock in their forecasts for have predict the next year when they're not exactly on the money with their predictions with this year? C'mon. You rely on predictions and forecasts for the future, and when they're wrong you rely on latest predictions and forecast for the future. And you act as though it is gospel. #Nohardevidence. No forecasts were mentioned. I said that this morning it was announced that the UK's economy flatlined in the last quarter of 2022. Narrowly avoiding a recession since the previous quarter would have had to have shown a shrinkage ( it needs 2 consecutive quarters of shrinkage of GDP to be in recession). The IMF may have predicted a slower growth. It makes no difference to the fact that the UK is still has the slowest growth in the G7. Oh I can read perfectly you complete fraud. This is what you posted . . The military is having to operate on the smallest budget since the war. . . A big fat lie as proven with the link given . . the country pays the highest taxes . . . Another big fat lie also proven with the link showing 20 European states paid higher taxes |
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Post by oracle75 on Feb 10, 2023 22:47:27 GMT
We have gone over this.
I explained where the facts come from.
I posted links from the UK government that support my claims.
I see no reason to repeat myself just because you don't understand what you are talking about.
Of this is the normal standard of your contributions here I won't bother to waste time conversing with you.
No wonder the brexit politicians got away with claiming your vote. They knew there were halfwit out there whose lives stretched as far as slogans and simple acceptance of whatever they were told.
When you are ready to discuss the meaning of relative taxation and which taxes you are referring to, try again.
Ditto spending on the military over time relative to GDP.
You can start with the simple notion that governments have budgetary obligations. When GDP falls, taxes have to rise to fill the gap corporations and income tax had been filling.
Taxation must be seen relative to GDP.which is directly linked to extra costs including national debt, interest rates and costs of trading.
Until you demonstrate a hint that you know what you are talking about, consider yourself ignored. I dislike those who use aggression to cover up ignorance.
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Post by oracle75 on Feb 10, 2023 22:49:45 GMT
No forecasts were mentioned. I said that this morning it was announced that the UK's economy flatlined in the last quarter of 2022. Narrowly avoiding a recession since the previous quarter would have had to have shown a shrinkage ( it needs 2 consecutive quarters of shrinkage of GDP to be in recession). The IMF may have predicted a slower growth. It makes no difference to the fact that the UK is still has the slowest growth in the G7. Oh I can read perfectly you complete fraud. This is what you posted . . The military is having to operate on the smallest budget since the war. . . A big fat lie as proven with the link given . . the country pays the highest taxes . . . Another big fat lie also proven with the link showing 20 European states paid higher taxes Which taxes and relative to their GDP or not? |
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Post by Steve on Feb 10, 2023 23:32:56 GMT
Why don't you read the links and charts you were given? www.compareyourcountry.org/tax-revenues proves we have a much lower tax take than typical European countries  proves our mlitary budget isn't the lowest since WW2 IE they prove you were spouting bollocks |
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Post by buccaneer on Feb 11, 2023 2:02:06 GMT
And yet, even a fucking idiot knows there are a plethora of reasons for that. Not just Brexit you dishonest git. So discounting the effect of Brexit, is the UK better off or worse off than the other countries...? The UK's economic trend in growth exactly mimics its performance after the GFC while it was a member of the EU. After 2008's GFC the UK's economy didn't return to pre-downturn size until 2013. www.ons.gov.uk/economy/grossdomesticproductgdp/articles/the2008recession10yearson/2018-04-30Just as it was then, the UK's economy is performing in the same way. Of course Brexit is discounted because when it was a member of the EU it demonstrated the same kind of trend. This could be for a number of reasons, like the fact it is primarily a service based economy, productivity is low too and a host of other reasons. Of course, both of the aforementioned reasons have absolutely nothing to do with Brexit. There is no ACTUAL evidence that Brexit is negatively impacting the economy. Hence, why some people only rely on graphs and macro-economic data to peddle their myth, along with hypothetical doppelganger modelling. They're clutching a rudimentary and rubbish junk to push a false and dishonest narrative - the con-artists. |
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