Everybody is lying here

[NoHPCinTheUK]

Ive just read the BoE report about this year growth, predicted at an amazing 7.5%. 
Where is the growth coming from? 
 

1) Tourism is dead and won’t recover for years. As I said in another discussion London had around 25 mil people coming and visit every year. Who is going to replace those 25 million in the restaurants, museums, transports of the capital?
 

2) University. How are things going there? How many EU students are applying to come and study here? How many from the RoW are coming here during a pandemic? Can we know some numbers? 
 

3) Manufacturing: export and import data are still down, they have not recovered. Whether it’s Brexit or Covid, how many business have seen their revenues plummeting? Are they recovering? The answer is no. 
 

Are we at the gates of the new world where we are all digital and green friendly? Cool, somebody would need to put the money and the effort to build the new world. Anybody knows where the gov White Paper for the new Britain is? Where is the money? I can only see debts here. 

[Patfig]

1 minute ago, NoHPCinTheUK said:

Ive just read the BoE report about this year growth, predicted at an amazing 7.5%. 
Where is the growth coming from? 
 

1) Tourism is dead and won’t recover for years. As I said in another discussion London had around 25 mil people coming and visit every year. Who is going to replace those 25 million in the restaurants, museums, transports of the capital?
 

2) University. How are things going there? How many EU students are applying to come and study here? How many from the RoW are coming here during a pandemic? Can we know some numbers? 
 

3) Manufacturing: export and import data are still down, they have not recovered. Whether it’s Brexit or Covid, how many business have seen their revenues plummeting? Are they recovering? The answer is no. 
 

Are we at the gates of the new world where we are all digital and green friendly? Cool, somebody would need to put the money and the effort to build the new world. Anybody knows where the gov White Paper for the new Britain is? Where is the money? I can only see debts here. 

We need to get past the Indian wave too before we think about all of the above

[NoHPCinTheUK]

So the BoE paper is bs? The Indian wave? It’s not dangerous, vaccines works. 

[Patfig]

4 minutes ago, NoHPCinTheUK said:

So the BoE paper is bs? The Indian wave? It’s not dangerous, vaccines works. 

popcorn

[NoHPCinTheUK]

3 minutes ago, Patfig said:

popcorn

Could you please expand? 

[markyh]

11 minutes ago, NoHPCinTheUK said:

Where is the money? I can only see debts here. 

Economics 101 , Debt is Money................go off and learn.  YouTube is a good teacher. 

 

[Saving For a Space Ship]

26 minutes ago, NoHPCinTheUK said:

Ive just read the BoE report about this year growth, predicted at an amazing 7.5%. 
Where is the growth coming from? 
 

1) Tourism is dead and won’t recover for years. As I said in another discussion London had around 25 mil people coming and visit every year. Who is going to replace those 25 million in the restaurants, museums, transports of the capital?
 

2) University. How are things going there? How many EU students are applying to come and study here? How many from the RoW are coming here during a pandemic? Can we know some numbers? 
 

3) Manufacturing: export and import data are still down, they have not recovered. Whether it’s Brexit or Covid, how many business have seen their revenues plummeting? Are they recovering? The answer is no. 
 

Are we at the gates of the new world where we are all digital and green friendly? Cool, somebody would need to put the money and the effort to build the new world. Anybody knows where the gov White Paper for the new Britain is? Where is the money? I can only see debts here. 

Plus Even if you have a successful manufacturing / service industry co, you often cannot get the materials /stock due to covid supply chain disruption / brxit port / red tape / suez blockage  

https://t.co/Z9nUNlIpF2?amp=1

Edited May 13, 2021 by Saving For a Space Ship

[TheCountOfNowhere]

1 hour ago, NoHPCinTheUK said:

Ive just read the BoE report about this year growth, predicted at an amazing 7.5%. 
Where is the growth coming from? 
 

1) Tourism is dead and won’t recover for years. As I said in another discussion London had around 25 mil people coming and visit every year. Who is going to replace those 25 million in the restaurants, museums, transports of the capital?
 

2) University. How are things going there? How many EU students are applying to come and study here? How many from the RoW are coming here during a pandemic? Can we know some numbers? 
 

3) Manufacturing: export and import data are still down, they have not recovered. Whether it’s Brexit or Covid, how many business have seen their revenues plummeting? Are they recovering? The answer is no. 
 

Are we at the gates of the new world where we are all digital and green friendly? Cool, somebody would need to put the money and the effort to build the new world. Anybody knows where the gov White Paper for the new Britain is? Where is the money? I can only see debts here. 

When the BoE says there will be 7.5% growth, what they mean is, the rich 1% will be 7.5% better off and the poor will be 15% worse off.

So, yes, this is right.

[zugzwang]

38 minutes ago, TheCountOfNowhere said:

When the BoE says there will be 7.5% growth, what they mean is, the rich 1% will be 7.5% better off and the poor will be 15% worse off.

So, yes, this is right.

 

Whatever happened to Chote and his forest of hockey-sticks?

 

[Trampa501]

Tourism has been dead true, but it's about to recover in a big way, there is too much pent up demand. People are keen to get away somewhere, to visit friends and relatives, and escape their lockdown confines. We have no way of knowing when it will get back to 100% pre-lockdown levels, but to say it won't recover for years is way off-beam.

[scepticus]

4 hours ago, NoHPCinTheUK said:

Ive just read the BoE report about this year growth, predicted at an amazing 7.5%. 
Where is the growth coming from? 
 

1) Tourism is dead and won’t recover for years. As I said in another discussion London had around 25 mil people coming and visit every year. Who is going to replace those 25 million in the restaurants, museums, transports of the capital?
 

2) University. How are things going there? How many EU students are applying to come and study here? How many from the RoW are coming here during a pandemic? Can we know some numbers? 
 

3) Manufacturing: export and import data are still down, they have not recovered. Whether it’s Brexit or Covid, how many business have seen their revenues plummeting? Are they recovering? The answer is no. 
 

Are we at the gates of the new world where we are all digital and green friendly? Cool, somebody would need to put the money and the effort to build the new world. Anybody knows where the gov White Paper for the new Britain is? Where is the money? I can only see debts here. 

Its just talking about bounding back from a massive recession to somewhere where we were before the pandemic, a v-shape recovery. I don't think its saying anything about what happens after we are back to where we started. So short term strong growth I believe, mid to long term, maybe not.

[Greater Fool]

Homeowners will go on a spending spree on the tick with their equity gains, and C19 savings, resulting in inflation and growth, isn't that all the UK economy is about now? All is good.

[micawber]

24 minutes ago, scepticus said:

Its just talking about bounding back from a massive recession to somewhere where we were before the pandemic, a v-shape recovery. I don't think its saying anything about what happens after we are back to where we started. So short term strong growth I believe, mid to long term, maybe not.

This would be my understanding too. Lots of saved up furlough money will be spunked against the wall over the next few months.

[winkie]

Only growth happening is house prices......nobody is spending money on anything else.😉

[scepticus]

1 hour ago, winkie said:

Only growth happening is house prices......nobody is spending money on anything else.😉

no, people are also spending money on their houses. Which is why there is a shortage of building timber.

[winkie]

1 minute ago, scepticus said:

no, people are also spending money on their houses. Which is why there is a shortage of building timber.

Agree, buying and trying to add value......only growth going.😉

 

[skinnylattej]

1 hour ago, winkie said:

Only growth happening is house prices......nobody is spending money on anything else.😉

I do not agree, lots of new cars appearing in my neighbourhood, especially German cars, manufacturers must be having a field day.

[shlomo]

1 hour ago, micawber said:

This would be my understanding too. Lots of saved up furlough money will be spunked against the wall over the next few months.

I am one of those people, my bank balance has never been so large I even went a bit crazy buying an iPhone 12 and a MacBook but not even a dent

[doomed]

My wife just spent £140 on a kitchen bin so someone is making money somewhere.

[scepticus]

16 minutes ago, doomed said:

My wife just spent £140 on a kitchen bin so someone is making money somewhere.

yeah mine done that too.

[MonsieurCopperCrutch]

7 hours ago, NoHPCinTheUK said:

Ive just read the BoE report about this year growth, predicted at an amazing 7.5%. 
Where is the growth coming from? 
 

1) Tourism is dead and won’t recover for years. As I said in another discussion London had around 25 mil people coming and visit every year. Who is going to replace those 25 million in the restaurants, museums, transports of the capital?
 

2) University. How are things going there? How many EU students are applying to come and study here? How many from the RoW are coming here during a pandemic? Can we know some numbers? 
 

3) Manufacturing: export and import data are still down, they have not recovered. Whether it’s Brexit or Covid, how many business have seen their revenues plummeting? Are they recovering? The answer is no. 
 

Are we at the gates of the new world where we are all digital and green friendly? Cool, somebody would need to put the money and the effort to build the new world. Anybody knows where the gov White Paper for the new Britain is? Where is the money? I can only see debts here. 

[kzb]

Loads of people have money burning a hole in their pockets.

Pretty much the whole public sector has been on full salary but with nothing to spend it on.

Those of us who were furloughed as well.

Lots of self employed have had multiple grants.

All we see on the TV are the people who've fallen through the cracks, but many of us never had it so good.

Tourism:  more of us go abroad than foreigners who come here for holidays.  So no foreign travel is a net gain for UK.

[MonsieurCopperCrutch]

1 hour ago, shlomo said:

I am one of those people, my bank balance has never been so large I even went a bit crazy buying an iPhone 12 and a MacBook but not even a dent

Have to concur. After over a year of WFH, zero holidays, commuting, or discretionary expenses. All topped up with some mad gainz in Bitcoin I have so much free cash sloshing around we are looking to purchase yet another spare property just to get out of fiat. Anyone saving in GBP is a fool.

Edited May 13, 2021 by MonsieurCopperCrutch

[shlomo]

3 minutes ago, MonsieurCopperCrutch said:

Have to concur. After over a year of WFH, zero holidays, commuting, or discretionary expenses. All topped up with some mad gainz in Bitcoin I have so much free cash sloshing around we are looking to purchase yet another spare property just to get out of fiat. Anyone saving in GBP is a fool.

I have never really looked at discretionary spending must be all coffee at Costa and sandwiches at Pret, I will go back to them probably go out of my comfort zone thinking of going to horse racing when it is on.

I do miss living, What is life without experiences 

[longgone]

Can't think of one thing i want to buy.

Bought a new laptop and phone last year but sold the old ones to pay for them actually cost me less for a upgrade.

Thats about it.

Paid 35 for some panama jack boots big spender.