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moonriver

Uk Manufacturing Production Drops 1.5% M/m

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Just heard on Bloomberg that figures just out, showed UK manufacturing production dropped 1.5% month on month..

This is really bad news for the UK they said, because no change was expected.

So yet again we have more "unexpected" negative news.

See Forex Calendar.

http://www.forexfactory.com/calendar.php

Down -1.5%

Expected 0%

Previous . +..2%

Dive! Dive! Dive!

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It's the bank holidays wot dun it.

Seriously though our factory's production was down due to the three day week and the two four day weeks either side.

Although they would obviously taken this into account in their forecasts so it's obviously very bad indeed.

Edited by Pent Up

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And this on top of a very weak pound.

When people go on about the weak pound helping manufacturer's wouldn't it actually make more sense to give them tax breaks?

We should be taxing non-productivity.

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Just heard on Bloomberg that figures just out, showed UK manufacturing production dropped 1.5% month on month..

This is really bad news for the UK they said, because no change was expected.

So yet again we have more "unexpected" negative news.

See Forex Calendar.

http://www.forexfactory.com/calendar.php

Down -1.5%

Expected 0%

Previous . +..2%

crashingplane.jpg

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And this on top of a very weak pound.

When people go on about the weak pound helping manufacturer's wouldn't it actually make more sense to give them tax breaks?

We should be taxing non-productivity.

Yes, one thing they could do was get rid of taxing companies so hard for employing people. And instead put the tax on the VAT, or make up the difference with printing.

The beauty of the sales tax is foreign made goods pay the same tax. Whereas right now UK manufacturers pay a double tax. First they get taxed down for employing people here, then when customers buy their product they have to pay again in a sales tax.

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And this on top of a very weak pound.

When people go on about the weak pound helping manufacturer's wouldn't it actually make more sense to give them tax breaks?

We should be taxing non-productivity.

Was about to say the same thing - I thought that slashing the value of the pound (and with it the value of the sterling savings of the prudent section of the population) was supposed to pay off with a massive boost to exports?

Still, it boosted nominal asset prices - bailing out the rich - and helped put wads of cash in the bankers bonus envelopes so it served its purpose.

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Yes, one thing they could do was get rid of taxing companies so hard for employing people. And instead put the tax on the VAT, or make up the difference with printing.

The beauty of the sales tax is foreign made goods pay the same tax. Whereas right now UK manufacturers pay a double tax. First they get taxed down for employing people here, then when customers buy their product they have to pay again in a sales tax.

So, instead....just tax the employee's who buy the stuff even more and allow the directors to increase their profit margins. Hmmmm...I wonder what effect that will have on the ability of people to buy things.

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Not a glimmer of this news on the BBC website.

Probably because it will take them a bit of time to put together a report that can put a positive spin, on a negative story?

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It's the bank holidays wot dun it.

Seriously though our factory's production was down due to the three day week and the two four day weeks either side.

Although they would obviously taken this into account in their forecasts so it's obviously very bad indeed.

That's the key question. Whether they have adjusted for this.

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Yes, one thing they could do was get rid of taxing companies so hard for employing people. And instead put the tax on the VAT, or make up the difference with printing.

The beauty of the sales tax is foreign made goods pay the same tax. Whereas right now UK manufacturers pay a double tax. First they get taxed down for employing people here, then when customers buy their product they have to pay again in a sales tax.

I agree with your view on employment taxation, but to cover the difference by printing? You seem to contradict yourself.

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Industrial production down, what will this do to the deficit?

I would have thought that it would have made it worse.

Bond market seems happy though, UK debt available at record low yields.

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If you look closely at that picure you can see two terrorists' passports falling safely out of harm's way.

And if you look closely at the foreground you can also see a minibus full of Israeli's with binoculars cheering and high-fiving each other.

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Yes, one thing they could do was get rid of taxing companies so hard for employing people. And instead put the tax on the VAT, or make up the difference with printing.

The beauty of the sales tax is foreign made goods pay the same tax. Whereas right now UK manufacturers pay a double tax. First they get taxed down for employing people here, then when customers buy their product they have to pay again in a sales tax.

erm, all three were what the Tories did, some time ago...VAT to 20% and Corp Tax cuts, and of course the printing.

Didnt work.

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If you look closely at that picure you can see two terrorists' passports falling safely out of harm's way.

:lol:

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It's the bank holidays wot dun it.

Seriously though our factory's production was down due to the three day week and the two four day weeks either side.

Although they would obviously taken this into account in their forecasts so it's obviously very bad indeed.

I think you mean "our factories' production".

Oh wait a minute - maybe you didn't..

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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