How do we resolve the Brexit mess?

[Vic]

Valentina Romei in London SEPTEMBER 30 2020

Britain’s chances of a robust recovery after the pandemic have been dented by a much more severe deterioration in business investment over the past six months than in other countries. Companies slashed capital investment spending in the second quarter of the year, according to official figures, with more up-to-date data showing little recovery in recent months. The weakness of business investment, which since the 2016 Brexit referendum has underperformed both other economies and previous records, bodes ill for the UK’s economic prospects as it limits companies’ likely future growth and productivity, and consequently employers’ ability to pay higher wages. Lingering uncertainty over the UK’s trading relationship with the EU after the Brexit transition ends on December 31 is also weighing on businesses’ investment plans.

Falling business investment scars UK’s long-term growth potential

Brexit worries provide a further drag as companies scale back future plans far more than elsewhere

www.ft.com

 

[jazzy]

ONS reports that UK exports of goods (alone) to the 27 EU member states were worth a total of £17.4 billion in July 2022, 'the highest level since records began in January 1997'.

 

[Corky]

ONS reports that UK exports of goods (alone) to the 27 EU member states were worth a total of £17.4 billion in July 2022, 'the highest level since records began in January 1997'.

Inflation.

 

[west didsblue]

Inflation.

It’s actually LNG that gets offloaded in the U.K. because we have more LNG terminals and immediately re-exported to the EU. Underlying exports are well down. Negligible impact on balance of payments from all this extra LNG.

 

[jazzy]

Inflation.

Has happened every month since records stated in 1997 ,

 

[Gareth Barry Conlon]

 

[SWP's back]

Well done, idiots.



Very pleased the Mrs works for Shell and we get free utilities in the house they provide for us in Borneo. The absolute state of the U.K. right now and cost of energy is appalling. I genuinely don’t know how some of you cope.

 

[west didsblue]

Well done, idiots.



Very pleased the Mrs works for Shell and we get free utilities in the house they provide for us in Borneo. The absolute state of the U.K. right now and cost of energy is appalling. I genuinely don’t know how some of you cope.

Now that Truss has announced her plan our electricity will be going up to 93 on that scale in October (28p to 40p). Would have been 120 (52p) otherwise. And that’s with us having the advantage of domestically producing over half our own gas. Unfortunately we’re paying the same full price for that gas as the imported gas and are mortgaging our future to fund Truss’s plan. Meanwhile Shell, BP and all the other gas producers in the North Sea will continue to announce record profits and will be allowed to keep every extra penny which is estimated to be around £160bn over the next couple of years.

Fortunately I’ve got some shares in some of those companies but the benefit to me is a drop in the ocean compared to the increased costs.

 

[Gabriel]

Now that Truss has announced her plan our electricity will be going up to 93 on that scale in October (28p to 40p). Would have been 120 (52p) otherwise. And that’s with us having the advantage of domestically producing over half our own gas. Unfortunately we’re paying the same full price for that gas as the imported gas and are mortgaging our future to fund Truss’s plan. Meanwhile Shell, BP and all the other gas producers in the North Sea will continue to announce record profits and will be allowed to keep every extra penny which is estimated to be around £160bn over the next couple of years.

Fortunately I’ve got some shares in some of those companies but the benefit to me is a drop in the ocean compared to the increased costs.

Put an extra bar of sovereignty on and warm yourself from the inside…

Does anyone know if the sunlit uplands have solar panels fitted?…

 

[East Level 2]

Put an extra bar of sovereignty on and warm yourself from the inside…

Does anyone know if the sunlit uplands have solar panels fitted?…

No solar panels in the sunlit uplands, but there are unicorns on treadmills providing additional power.