UK economy faces weakest growth since 2009, employers warn | Forex Factory

UK economy faces weakest growth since 2009, employers warn | Forex Factory

UK economy faces weakest growth since 2009, employers warn

From bbc.com

The British Chambers of Commerce has cut its UK growth forecast for 2018, warning the economy faces its weakest year since the financial crisis. The employers' group forecast 2018 GDP growth of 1.3%, down from a previous forecast of 1.4%, and cut its forecast for 2019 from 1.5% to 1.4%. The BCC said there was a "lacklustre outlook" for consumer spending, business investment and trade. It said the next few years will "be a testing time for business in the UK". Uncertainties around Brexit, interest rate rises, threats of trade wars and rising oil prices were all hurting sentiment, the BCC said. If the forecast for ... (full story)

Comments / Top
Subscribe

Jun 18, 2018 11:29am

Quoting xy76

Disliked

Anyone surprised? Happy Brexit!

Ignored

I have got to agree with Newton on this one - Brexit wasn't the problem, too much governmental controls and policies leading to lack of bank lending and over taxation.

Really it's just the UNCERTAINTY of what occurs after Brexit. Too many people have "chicken little syndrome" The UK was a powerhouse BEFORE the EU and after BREXIT it "should" regain its status.

4

Jun 18, 2018 2:01pm

Of course immigration was a part of the decision making process. I have heard many Brexiters openly stating that. Why not. Immigration control is not racist, that accusation is just trotted out to censor our views. Control of the population in ones country is not racist. The UK is known for it tolerant society. We have welcomed foreigners from all over the world for years. Control of our borders , our sovereignty, self determination, the making of our own laws, are quite legitimate and worthy aims.

4

Jun 18, 2018 3:27pm

Quoting xy76

Disliked

{quote} Well, your colleague just freely admitted here that it was about immigration indeex. Hypocrisy, much?

Ignored

You equate a sovereign country controlling its' borders as hating foreigners??

4

Jun 18, 2018 11:55am

Quoting xy76

Disliked

{quote} Was it, really? Then why did we join in 1970's in the first place? The sad story of delusion goes on...

Ignored

No is is not delusion but simply not delivering on the goods. The idea of a tariff free trading zone sound great on paper and it can be, however it was the immigration policy and re-distribution of funds that proved to be too much

If the EU had remained strictly an economic force then I bet the UK would have stayed...JMO

3

Jun 18, 2018 7:37pm

Quoting Guest

Disliked

Before the UK joining the EU was in economic decline in comparison to EU: When the UK applied in 1969, per capita GDP was 2% below the EU6 average. When the UK joined in 1973, per capita GDP was 7% smaller than the EU6 average. In 1950 the difference in per capita GDP between the UK and EU6 was 28%. So either EU6 was growing much much faster before UK joint EU or UK was declining fast (from +28% to -7%). Britain joined because joining the European project was perceived to be a way to stop its relative economic decline

Ignored

The UK applied to join the EU in 1969??
That was a neat trick since the EU didn't exist before 1993
The EEC was a very good idea.

2

Jun 18, 2018 3:25pm

Quoting xy76

Disliked

{quote} Was it, really? Then why did we join in 1970's in the first place? The sad story of delusion goes on...

Ignored

The EU didn't even exist in the 1970s'

2

Jun 18, 2018 7:33pm

Quoting UnBearybull

Disliked

Blow the whistle....see the dog-pack appear!

Ignored

You mean shedding light on gross inacurracies?
Like I said, too much logic can be overwhelming (for some)

2

Jun 18, 2018 10:38am

Well maybe, if the banks lent money to something other than the B of E / Tory party sponsored property BUBBLE, UK business could get some traction. However , whilst Lame Brained , Mono thinking buffoons keep refusing businesses loans and taxes the living crap out of productivity , in favour of ever handouts to non productive retirees sipping G&T's on their ever growing (but never earned) bonaza charity freebees , UK will head Southward into the dirt........ no hope for UK, abandon ship

2

Jun 18, 2018 12:34pm

Quoting NewtonsCash

Hidden

Yep, you can't see past cricket, Frogs and the rest of that manure, that you have all been fed by Murdoch and that viscunt who runs DM.

2

Jun 18, 2018 12:35pm

Quoting xy76

Disliked

Anyone surprised? Happy Brexit!

Ignored

Last week in the Eastern region it was announced that since the referendum, overseas investment in our region has gone up 48%

No doubt the BCC is bought and paid for by EU funds to spin their usual shite to justify themselves. The only reason growth has been stifled in the past is because of the policies of the remainder club

2

Jun 18, 2018 12:40pm

Quoting xy76

Hidden

It's nothing to do with hating foreigners. That's the only argument you can ever come up with. It was about taking back our sovereignty, self determination, choosing for ourselves how we run our own country.

2

Jun 18, 2018 12:57pm

Quoting xy76

Hidden

I have no idea what you are on about or what you agenda is. I clarified another contributors comment "advise their clients to invest OUTSIDE of the UK" related to foreign investments. At no point did I discuss or wish to discuss immigrants and related subjects. You seem to be setting out to have an argument, but not with me you won't. I have no interest in your infantile squabbling

2

Jun 18, 2018 6:12pm

New Brexit defeat for government in Lords....must be more FAKE NEWS from the Remainder BBC?

2

Jun 18, 2018 3:39pm

Quoting Tallywags

Disliked

{quote} Maybe I misunderstood his comment "advise their clients to invest OUTSIDE of the UK ?". As far as I can see from his post though, he didn't mention the EU at all

Ignored

It's too funny right...
Convenient presumptions abound

1

Jun 18, 2018 4:40pm

Quoting Tallywags

Disliked

{quote} Because they have "emerging markets" funds demanded by their clients and given that they are "emerging market" funds, their focus is on "emerging markets"

Ignored

Try not to apply too much logic in one post Tallywags, it can be a little overwhelming....

1

Jun 18, 2018 12:02pm

Quoting DonFF

Disliked

Its amazing the way most keep pointing fingers in the wrong directions as we seek some kind of answer to obvious problems. The problems are rooted in both the Governmental/Political system as well as the Economic system. This is where the Eurozone system is really going for those who is still not perceptive to understand this. In short most are at the point of accepting there is no hope for these systems most still dont want to accept this since for them the solution is really not within our grasp! So the question is which system works....still...

Ignored

DonFF, the "problem" with the systems is actually pretty simple. Not everyone is created equal. There are certain "problems" endemic to societies/cultures. Some is generations old and others are a relationship to weather - look at the Siesta. In counties where there is sweltering temperatures and no air conditioning the siesta made economic sense and has become ingrained into their society. In today's modern world with AC the need for a siesta has diminished.

Certain cultures are used to kings/monarchs while others only function under a democracy....There will never be a "one world order" unless something terrible happens. Government is best kept to a local level

1

Jun 18, 2018 12:04pm

Actually investing in EM (emerging markets) can pay handsomly when there is stagnation in other markets. Why invest in the UK for a 1.5% when you can invest in Turkey and get 30% or even the Greek market for 45%? Of course you run the risk that your investment in Turkey or Greece will go to 0%

1

Jun 18, 2018 3:12pm

Quoting Wayne2401

Disliked

Of course immigration was a part of the decision making process. I have heard many Brexiters openly stating that. Why not. Immigration control is not racist, that accusation is just trotted out to censor our views. Control of the population in ones country is not racist. The UK is known for it tolerant society. We have welcomed foreigners from all over the world for years. Control of our borders , our sovereignty, self determination, the making of our own laws, are quite legitimate and worthy aims.

Ignored

Spot on!

1

Jun 18, 2018 10:53am

Quoting xy76

Disliked

Anyone surprised? Happy Brexit!

Ignored

Nothing to do with Brexit, in fact , the Ponzi scheme has been bought and paid for by the B of E (Remainers to the end) and George Osbourne (Ex Chancellor and Remainer) and current Chancellor Philip Hammond (Staunch remainer accused of attempting to derail Brexit).

UK needs a wholesale change of the above to Brexiteers ASAP or the train will run further and further off the tracks

1

2

Jun 18, 2018 11:05am

Quoting NewtonsCash

Disliked

Well maybe, if the banks lent money to something other than the B of E / Tory party sponsored property BUBBLE, UK business could get some traction. However , whilst Lame Brained , Mono thinking buffoons keep refusing businesses loans and taxes the living crap out of productivity , in favour of ever handouts to non productive retirees sipping G&T's on their ever growing (but never earned) bonaza charity freebees , UK will head Southward into the dirt........ no hope for UK, abandon ship

Ignored

The moment where someone points out that the emperor is not wearing any clothes does seem well on its way newts.
EDIT this was on the way in or out of europe XY.........

1

Jun 18, 2018 12:04pm

Quoting barkie

Disliked

Why do you think Brexiteers like Johny Redwood and Rees Mogg advise their clients to invest OUTSIDE of the UK ? Isn't that hilarious how can you not see the game that is being played ? This is going exactly as I expected, every day this trainwreck will be a step closer to conclusion.

Ignored

This trainwreck was coming anyway in our out of the Union so be smug as you are correct.

1

Jun 18, 2018 12:40pm

Quoting xy76

Disliked

{quote} Conspiracy theories always trendy, huh?

Ignored

Must be fact because it was on the remainer BBC channel

2

Jun 18, 2018 11:28am

Why do you think Brexiteers like Johny Redwood and Rees Mogg advise their clients to invest OUTSIDE of the UK ? Isn't that hilarious how can you not see the game that is being played ?

This is going exactly as I expected, every day this trainwreck will be a step closer to conclusion.

1

Jun 18, 2018 11:29am

Its amazing the way most keep pointing fingers in the wrong directions as we seek some kind of answer to obvious problems.

The problems are rooted in both the Governmental/Political system as well as the Economic system. This is where the Eurozone system is really going for those who is still not perceptive to understand this.

In short most are at the point of accepting there is no hope for these systems most still dont want to accept this since for them the solution is really not within our grasp!

So the question is which system works....still many are not ready for the answer and still fewer are ready to accept it.

1

Jun 18, 2018 11:40am

Quoting barkie

Disliked

Why do you think Brexiteers like Johny Redwood and Rees Mogg advise their clients to invest OUTSIDE of the UK ? Isn't that hilarious how can you not see the game that is being played ? This is going exactly as I expected, every day this trainwreck will be a step closer to conclusion.

Ignored

Because they have "emerging markets" funds demanded by their clients and given that they are "emerging market" funds, their focus is on "emerging markets"

1

Jun 18, 2018 11:56am

Quoting xy76

Hidden

Maybe I misunderstood his comment "advise their clients to invest OUTSIDE of the UK ?". As far as I can see from his post though, he didn't mention the EU at all

1

Jun 18, 2018 1:44pm

Quoting DonFF

Disliked

{quote} Agreed But which is more expensive to run 1)many small administrations or fewer big ones?

Ignored

Running many small is definitely more expensive due to the economies of scale.

Quoting DonFF

Disliked

{quote}Which makes more economic sense? from an efficiency and decision making effectiveness point of view? centralized or decentralized?

Ignored

Centralized - look at Amazon and their processing centers....

Quoting DonFF

Disliked

{quote} What works best in some countries wont in others so the solutions are not very straightforward nor cut and dry. Self-governance must be the basis of any society and to the extent that self governance is strong and effective then the role of a Central government is significantly reduced. The trouble with a central government...

Ignored

...Is one size doesn't fit all. But more importantly is what you and I both agree upon, the problem lies not upon the system but upon the PERSON (man/woman) implimentating said system.

Jun 18, 2018 12:22pm

Quoting fxsport

Disliked

{quote} I have got to agree with Newton on this one - Brexit wasn't the problem, too much governmental controls and policies leading to lack of bank lending and over taxation. Really it's just the UNCERTAINTY of what occurs after Brexit. Too many people have "chicken little syndrome" The UK was a powerhouse BEFORE the EU and after BREXIT it "should" regain its status.

Ignored

Huzzah FX, Absolutely

Jun 18, 2018 11:01am

Quoting NewtonsCash

Disliked

{quote} Nothing to do with Brexit, in fact , the Ponzi scheme has been bought and paid for by the B of E (Remainers to the end) and George Osbourne (Ex Chancellor and Remainer) and current Chancellor Philip Hammond (Staunch remainer accused of attempting to derail Brexit). UK needs a wholesale change of the above to Brexiteers ASAP or the train will run further and further off the tracks

Ignored

But of course, nothing to do with purposefully deluded masses of turkeys voting for Christmas indeed. It is all bankers, BoE, Soros, illuminati and Reptilians conapiracy, isn't it? ;-)

Jun 18, 2018 11:38am

Quoting fxsport

Disliked

{quote} I have got to agree with Newton on this one - Brexit wasn't the problem, too much governmental controls and policies leading to lack of bank lending and over taxation. Really it's just the UNCERTAINTY of what occurs after Brexit. Too many people have "chicken little syndrome" The UK was a powerhouse BEFORE the EU and after BREXIT it "should" regain its status.

Ignored

Was it, really? Then why did we join in 1970's in the first place? The sad story of delusion goes on...

Jun 18, 2018 12:35pm

Quoting xy76

Disliked

{quote} Yep, you can't see past cricket, Frogs and the rest of that manure, that you have all been fed by Murdoch and that viscunt who runs DM.

Ignored

For me, it is not 'them', unfortunately.

Jun 18, 2018 12:38pm

Quoting Ghostship

Disliked

{quote} Last week in the Eastern region it was announced that since the referendum, overseas investment in our region has gone up 48% No doubt the BCC is bought and paid for by EU funds to spin their usual shite to justify themselves. The only reason growth has been stifled in the past is because of the policies of the remainder club

Ignored

Conspiracy theories always trendy, huh?

Jun 18, 2018 12:47pm

Quoting Ghostship

Disliked

{quote} It's nothing to do with hating foreigners. That's the only argument you can ever come up with. It was about taking back our sovereignty, self determination, choosing for ourselves how we run our own country.

Ignored

Well, your colleague just freely admitted here that it was about immigration indeex. Hypocrisy, much?

Jun 19, 2018 1:43am

Quoting Wayne2401

Disliked

Of course immigration was a part of the decision making process. I have heard many Brexiters openly stating that. Why not. Immigration control is not racist, that accusation is just trotted out to censor our views. Control of the population in ones country is not racist. The UK is known for it tolerant society. We have welcomed foreigners from all over the world for years. Control of our borders , our sovereignty, self determination, the making of our own laws, are quite legitimate and worthy aims.

Ignored

We have always had full control of our borders. The UK has never been a part of Schengen zone. Same goes for self determination and law making. As for sovereignty, we have already compromised this by joining United Nations and NATO, decades ago. Are you going to leave NATO as well?

We both know all these slogans is a proper BS. What is really hidden behind them is this: you cannot stand the fact that most migrants from the EU are, on average, better educated, more intelligent and, above all, more committed than an average native slob. Hence the BS talk about 'rights'. You feel threatened, because you face the truth: you are no longer privileged, seemingly superior British 'race', that the impetial propaganda made you to believe you are. You are just a spoiled lot with a sense of entitlement.

Jun 19, 2018 1:59am

Quoting Tallywags

Disliked

{quote} UK can’t bar anyone in possession of an EU passport or identity card unless they represent a genuine, present and sufficiently serious threat to our security. Even if that high threshold is met, the UK has to disclose the reasons to the individual barred, even if that itself could endanger national security. UK can’t even bar people from coming in, solely because they have a criminal record, an unexplained trip to Syria, even for murder.

Ignored

Of course we can. It was only within a year when two far right extremists from Poland were refused entry to the UK. Home Office has already had instruments.
Blaming EU for our own indolence is a long standing British tradition...

Jun 19, 2018 2:08am

Quoting Tallywags

Disliked

{quote} I have no need or desire to blame anyone. I simply posted facts. It is important to comprehend the entire passage I posted, not simply select elements of the text to rail against because they don't fit your narrative

Ignored

You posted your opinion only: that UK is unable to deny entry to certain alien individuals because of EU laws. This is not a fact.

Jun 19, 2018 2:29am

Quoting Tallywags

Disliked

{quote} I will allow members to read my post and form their own opinion.

Ignored

Sure, I have already offered my comments.
BTW, Have a nice trip back home after March, 2019.

Trader#208F

Jun 18, 2018 6:43pm

Before the UK joining the EU was in economic decline in comparison to EU:
When the UK applied in 1969, per capita GDP was 2% below the EU6 average. When the UK joined in 1973, per capita GDP was 7% smaller than the EU6 average. In 1950 the difference in per capita GDP between the UK and EU6 was 28%. So either EU6 was growing much much faster before UK joint EU or UK was declining fast (from +28% to -7%).
Britain joined because joining the European project was perceived to be a way to stop its relative economic decline

1

Jun 18, 2018 12:30pm

They just had a Brexit. Give them a break.

Jun 18, 2018 12:49pm

Quoting Ghostship

Disliked

{quote} Must be fact because it was on the remainer BBC channel

Ignored

You are dead right, only yellow press!

Jun 18, 2018 12:34pm

Quoting fxsport

Disliked

{quote} DonFF, the "problem" with the systems is actually pretty simple. Not everyone is created equal. There are certain "problems" endemic to societies/cultures. Some is generations old and others are a relationship to weather - look at the Siesta. In counties where there is sweltering temperatures and no air conditioning the siesta made economic sense and has become ingrained into their society. In today's modern world with AC the need for a siesta has diminished. Certain cultures are used to kings/monarchs while others only...

Ignored

Agreed

But which is more expensive to run 1)many small administrations or fewer big ones?

Which makes more economic sense? from an efficiency and decision making effectiveness point of view? centralized or decentralized?

What works best in some countries wont in others so the solutions are not very straightforward nor cut and dry.

Self-governance must be the basis of any society and to the extent that self governance is strong and effective then the role of a Central government is significantly reduced.

The trouble with a central government is mans inability to do the job....and this is the real problem.

Jun 19, 2018 1:53am

Quoting xy76

Disliked

{quote} We have always had full control of our borders. The UK has never been a part of Schengen zone. Same goes for self determination and law making. As for sovereignty, we have already compromised this by joining United Nations and NATO, decades ago. Are you going to leave NATO as well? We both know all these slogans is a proper BS. What is really hidden behind them is this: you cannot stand the fact that most migrants from the EU are, on average, better educated, more intelligent and, above all, more committed than an average native slob. Hence...

Ignored

UK can’t bar anyone in possession of an EU passport or identity card unless they represent a genuine, present and sufficiently serious threat to our security. Even if that high threshold is met, the UK has to disclose the reasons to the individual barred, even if that itself could endanger national security. UK can’t even bar people from coming in, solely because they have a criminal record, an unexplained trip to Syria, even for murder.

Jun 19, 2018 2:06am

Quoting xy76

Disliked

{quote} Of course we can. It was only within a year when two far right extremists from Poland were refused entry to the UK. Home Office has already had instruments. Blaming EU for our own indolence is a long standing British tradition...

Ignored

I have no need or desire to blame anyone. I simply posted facts. It is important to comprehend the entire passage I posted, not simply select elements of the text to rail against because they don't fit your narrative

Jun 19, 2018 2:21am

Quoting xy76

Disliked

{quote} You posted your opinion only: that UK is unable to deny entry to certain alien individuals because of EU laws. This is not a fact.

Ignored

I will allow members to read my post and form their own opinion.

Jun 18, 2018 6:06pm

Blow the whistle....see the dog-pack appear!

Jun 18, 2018 10:39am

Anyone surprised? Happy Brexit!

1

Trader#7E39

Jun 18, 2018 2:32pm

investing in EM, huh? hah, they are going long offshore property shares listed on the JSE (Johannesburg). check the list of these shares and where the property is, you'll be amazed!

Hidden for breach of Trader Code of Conduct

Hidden for breach of Trader Code of Conduct

Hidden for breach of Trader Code of Conduct

Story Stats

Jun 18, 2018 9:54am
Posted by
Newsstand

Fundamental Analysis

50

11.7K