Re:BREXIT

It's been just over 2 months since the vote and the doom merchants,some on the site have gone AWOL.The £ has taken a bit of a nosedive,but that will improve.
Theres been new investment from the Far East and the biggest thumbs up has been the FTSE.
The FTSE 100 has recorded its best weekly performance since December 2011
After an initial slump in the first two trading days following the Brexit vote, the index of Britain’s top 100 companies regained all its losses by Wednesday and is now at its best level since last August.

The remarkable rebound has surprised analysts, with Chris Beauchamp, a senior market analyst at the spread betting group IG, saying: “Of all the post-Brexit outcomes discussed across the City over the past few months, ‘buying frenzy’ was not one that was viewed as very likely.”

Plenty time yet Davos

This last weeks gains on the FTSE was led by surprisingly decent economic data. We will in due course see the weak data filter through that will highlight the downside of the vote. Its early days.....

Voters in the Leave camp have been subjected to months of abuse from Remain doom-mongers with their dire predictions of recession, higher taxes and Armageddon for finance and business.
But as more and more economic data has flickered into view over the past month, it has become increasingly clear that the ‘experts’ who predicted dire outcomes for Britain’s prosperity may be wrong.
It seems that ordinary British citizens are now just as optimistic, if not more optimistic, about the nation’s economic future as they were before Brexit loomed on the horizon.

Dave, is not just a case that the markets are just getting on with what they have at the moment? wait until the rules of seperation are set out imo

What is absolutely plain, however, is whatever damage was done to consumer and business confidence in the UK in the days after the referendum result, was a short-term shock that has been quickly overcome.
The simple fact is that if consumers are buoyant, then business and investment should expand to serve their needs.
Moreover, the dire predictions from the International Monetary Fund, the Paris-based Organisation for Economic Co-operation and Development, Her Majesty’s Treasury and others that a Brexit vote was the greatest threat to global economic recovery also has proved wrong.
Yes, all the pre-existing problems of stagnation in Europe, the dire state of Italian banks, a slowdown in China and geo-political turmoil are still putting the brakes on the expansion of the international economy. The threat of Brexit, however, has mysteriously vanished from the business lexicon.
Consumers are voting with their wallets all over Britain, in the car showrooms, for example, and on the numerous building sites where standard new three-bedroom homes for first-time buyers are being built.
Fears that Britain leaving the EU would lead to a mass migration of banks from the City of London — the world’s largest foreign exchange and banking centre — have also been shown to be false.

It seems a lot of scaremongering is coming from our friends north of the border..
But that's totally expected,no matter what is done in London,they would disagree with.

You have no friends up here lad

davetheflower wrote: It's been just over 2 months since the vote and the doom merchants,some on the site have gone AWOL.The £ has taken a bit of a nosedive,but that will improve.
.”

The pound has lost 19% of its value since our economic genius posted the quoted post

When the Somalian Shilling is gaining on the pound on an hourly basis you know you in the shit. The rand was 23-1 the day before brexit its now 16-1 the euro was 1.32 to one its now 1.11 to one and the dollar was 1.48 to one its now 1.21 to one. By Xmas the pound will fall by at least another 10% and come March when they trigger article 50 well who knows what will happen to the UK economy then. My prediction is that tens of thousands will lose their jobs, fuel will cost around 1.45 a litre at the very least and food costs will have soared by another 20%.

I hope that i am wrong.

Chicken.
I've never been busier,in fact I could use someone of your calibre.The port a loo driver has
retired and as you talk a lot of shit,would you like to drive the lorry?
New houses are going up everywhere in and around London,I'm overloaded.
Fair enough,your holidays will cost more but we will see plenty more visitors.#numbnuts

off course having more visitors is good, but i am not talking crap, you know that i am right. About that job. Please give it to a Brit otherwise the complaints about foreigners taking the jobs will be in the news again

but London did vote to stay and these houses were started prior to Brexit. Hang in there you may get a job at Heathrow with the extension.

.

I better get in before the borders are closed.