Jump to content
House Price Crash Forum
Sign in to follow this  
deadlyavenger

Boe - 'no Need For More Economic Stimulus'

Recommended Posts

More Forward "Guidance" :rolleyes:

It's matterless whether today they think there isn't any need for further stimulus. Tomorrow they'll contradict themselves yet again.

Of course there's no need for it - they already know that stimulus doesn't work except to line their own pockets and to make the prices of the tiniest homes europe if not the world even more gross.

Edited by billybong

Share this post


Link to post
Share on other sites

Labour seem to disagree about the general feeling of not intervening:

http://www.bbc.co.uk/news/uk-politics-37468209

I mean, holy cow. What's wrong with these idiots?

And they start off by saying they're going to ban Hydraulic fracturing, so they don't want free money that is under our feet to keep a few liberals in London happy.

https://www.theguardian.com/environment/2016/sep/26/fracking-no-shale-gas-wells-to-be-drilled-in-uk-this-year

I was looking forward to this kicking off as its well paid jobs onshore for plebs like me. And no doubt the many working class in the North would be delighted to work in this industry.

Edited by Crumbless

Share this post


Link to post
Share on other sites

Labour seem to disagree about the general feeling of not intervening:

http://www.bbc.co.uk/news/uk-politics-37468209

I mean, holy cow. What's wrong with these idiots?

What general feeling of not intervening? Hammond and May are already spending like drunken sailors!

Britain’s manufacturers insisted they have a crucial role to play in a post-Brexit world, contributing $247bn (£190bn) a year to the economy and creating well-paid, high-value jobs.

The UK is the world’s ninth-largest industrial nation and manufacturing accounts for 14% of business investment according to a report by the sector’s trade body, called EEF, and Santander.

But it comes at a time of huge uncertainty for manufacturers, with companies intending to cut investment in new plant and machinery to its lowest level since the financial crisis according to a survey published by EEF earlier this month.

Lee Hopley, chief economist at EEF, said: “Given the importance of manufacturing to the economy it’s vital that we educate all stakeholders about its real value and contribution to growth. This is especially important in a post-Brexit world where we have to look at all new avenues of generating growth and investment.”

As chancellor Philip Hammond prepares to deliver his maiden autumn statement on 23 November, the group has called for an ambitious industrial strategy to make the UK an appealing proposition for future manufacturing investment.

Hammond is expected to announce a programme of investment in transport and other infrastructure projects to give the economy a post-Brexit-vote boost.

Reports over the weekend suggested Theresa May has instructed the chancellor to extend the northern powerhouse initiative – conceived by his predecessor in number 11, George Osborne – to other UK regions.

Hammond has already signaled that he is willing to “reset” the public finances to support the economy, abandoning Osborne’s target of returning to a surplus of £10.4bn by 2019-20.

https://www.theguardian.com/business/2016/sep/26/british-manufacturing-sector-ready-for-expected-boost-from-treasury

Share this post


Link to post
Share on other sites

And they start off by saying they're going to ban Hydraulic fracturing, so they don't want free money that is under our feet to keep a few liberals in London happy.

https://www.theguardian.com/environment/2016/sep/26/fracking-no-shale-gas-wells-to-be-drilled-in-uk-this-year

I was looking forward to this kicking off as its well paid jobs onshore for plebs like me. And no doubt the many working class in the North would be delighted to work in this industry.

Yeah, the objections to that have never sounded terribly convincing, and this from someone who regards pretty much any development of any sort as large-scale vandalism.

Share this post


Link to post
Share on other sites

How do you get a job at the BOE ? Good pay, great pension and apparently you don't do any work. Send out a few 'memos' every couple of weeks.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   42 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.