The UK Politics and EU Referendum thread - merged

[MintTrav]

Unbelievable that anyone would question the nomination of Shami Chakrabarti to the Lords. It's hard to think of anyone more deserving or who is likely to use the position to make a greater contribution. People criticising it and, in particular, opportunists questioning her intregrity should be ashamed.

Nonsense. Corbyn pledged not to nominate anyone for the lords and broke the pledge in short order. the anti-semitism enquiry was a clear whitewash (mention of anti semitism was even booed at the hustings last night, not a good look) and this is Chakrabati's reward for playing ball

of course longer term she is deserving but at this particular point it stinks. by the way she's now being nominated by all three major parties, but accepted it this time
this is not to defend Cameron's exit honours either, the sort of thing that gives the establishment a bad name and drives votes to ukip, snp etc

Nonsense. Your evidence that it was a 'whitewash', other than the usual noise from very vocal Jewish reps? To question Chakrabarti, of all people, is a disgrace. She is by far the most honourable and deserving of the nominees. Work your way through all of Cameron's nominees first.

[TightEnd]

I am not defending cameron's

look at what corbyn said about nominations, then look at what he did. complete charlatan

[RickBFA]

Heard a radio interview today about the gloomy projections.

The guy interviewed was super positive in his outlook and was bemoaning the constant negativity, especially in press/social media/TV.

His basic point was that in a consumer led economy if we are constantly told the outlook is negative that's what we'll get.

When consumers think there are bad times forecast they reign in spending and it becomes a self fulfilling prophecy.

breathtaking

I didn't say it was my opinion.

It was an interview about the effects of public confidence in a consumer led economy.

I remember Mint's economic guru, the owner of his local curry house telling him no one was buying curry because they were worried about Brexit?

[Doobs]

Heard a radio interview today about the gloomy projections.

The guy interviewed was super positive in his outlook and was bemoaning the constant negativity, especially in press/social media/TV.

His basic point was that in a consumer led economy if we are constantly told the outlook is negative that's what we'll get.

When consumers think there are bad times forecast they reign in spending and it becomes a self fulfilling prophecy.

breathtaking

I didn't say it was my opinion.

It was an interview about the effects of public confidence in a consumer led economy.

I remember Mint's economic guru, the owner of his local curry house telling him no one was buying curry because they were worried about Brexit?

and everybody thought that was breathtaking too...  and at least it was an outlier on the remain side.

[treefella]

There's no recession coming  !

[TightEnd]

There's no recession coming  !

really? not that experts count these days but the consensus forecast is for a recession in Q1 2017

[TightEnd]

Patrick Collins in the times

Click to see full-size image.

[TightEnd]

Tory already planning for a 2017 election

http://www2.politicalbetting.com/index.php/archives/2016/08/04/labs-leadership-weakness-and-another-double-digit-tory-lead-will-increase-the-clamour-for-an-early-election/

[TightEnd]

Shami Chakrabarti peerage nomination 'not great timing for Labour' http://bit.ly/2aDBr8V

[RickBFA]

Heard a radio interview today about the gloomy projections.

The guy interviewed was super positive in his outlook and was bemoaning the constant negativity, especially in press/social media/TV.

His basic point was that in a consumer led economy if we are constantly told the outlook is negative that's what we'll get.

When consumers think there are bad times forecast they reign in spending and it becomes a self fulfilling prophecy.

breathtaking

I didn't say it was my opinion.

It was an interview about the effects of public confidence in a consumer led economy.

I remember Mint's economic guru, the owner of his local curry house telling him no one was buying curry because they were worried about Brexit?

and everybody thought that was breathtaking too...  and at least it was an outlier on the remain side.

No one in their right mind thinks Brexit won't cause shock waves in the economy.

The point the guy was making (whether you agree or not) is that when Joe Public is told "we are in the shit" day in day out (on top of the scare tactics prior to the vote), their natural instinct is to be more cautious.

When the public are confident, they borrow and spend. When they are not they cut spending and save.

The mindset of the consumer will have an additional impact which may make the recession deeper - that's his argument.

[doubleup]

Heard a radio interview today about the gloomy projections.

The guy interviewed was super positive in his outlook and was bemoaning the constant negativity, especially in press/social media/TV.

His basic point was that in a consumer led economy if we are constantly told the outlook is negative that's what we'll get.

When consumers think there are bad times forecast they reign in spending and it becomes a self fulfilling prophecy.

breathtaking

I didn't say it was my opinion.

It was an interview about the effects of public confidence in a consumer led economy.

I remember Mint's economic guru, the owner of his local curry house telling him no one was buying curry because they were worried about Brexit?

and everybody thought that was breathtaking too...  and at least it was an outlier on the remain side.

No one in their right mind thinks Brexit won't cause shock waves in the economy.

The point the guy was making (whether you agree or not) is that when Joe Public is told "we are in the shit" day in day out (on top of the scare tactics prior to the vote), their natural instinct is to be more cautious.

When the public are confident, they borrow and spend. When they are not they cut spending and save.

The mindset of the consumer will have an additional impact which may make the recession deeper - that's his argument.

lol says it isn't his opinion and then opines exactly that.

[DMorgan]

Yeah thats a fair point and as far as I've read this is in line with accepted wisdom. Seems to make sense for lots of reasons.

I think it was this bit that kind of discredited everything that came after

The guy interviewed was super positive in his outlook and was bemoaning the constant negativity, especially in press/social media/TV.

Made him sound like one of this lot

[AndrewT]

Patrick Collins in the times

Click to see full-size image.

Up until the last sentence I thought that I'd clicked on the other politics thread and it was talking about Trump

[RickBFA]

Heard a radio interview today about the gloomy projections.

The guy interviewed was super positive in his outlook and was bemoaning the constant negativity, especially in press/social media/TV.

His basic point was that in a consumer led economy if we are constantly told the outlook is negative that's what we'll get.

When consumers think there are bad times forecast they reign in spending and it becomes a self fulfilling prophecy.

breathtaking

I didn't say it was my opinion.

It was an interview about the effects of public confidence in a consumer led economy.

I remember Mint's economic guru, the owner of his local curry house telling him no one was buying curry because they were worried about Brexit?

and everybody thought that was breathtaking too...  and at least it was an outlier on the remain side.

No one in their right mind thinks Brexit won't cause shock waves in the economy.

The point the guy was making (whether you agree or not) is that when Joe Public is told "we are in the shit" day in day out (on top of the scare tactics prior to the vote), their natural instinct is to be more cautious.

When the public are confident, they borrow and spend. When they are not they cut spending and save.

The mindset of the consumer will have an additional impact which may make the recession deeper - that's his argument.

lol says it isn't his opinion and then opines exactly that.

I'm trying to explain more clearly the point he was making.

What I do agree about though (and I think every economic model does too) is that consumer confidence and spending is one factor that impacts the growth of the economy.

Frankly that is common sense.

[Doobs]

Yeah thats a fair point and as far as I've read this is in line with accepted wisdom. Seems to make sense for lots of reasons.

I think it was this bit that kind of discredited everything that came after

The guy interviewed was super positive in his outlook and was bemoaning the constant negativity, especially in press/social media/TV.

Made him sound like one of this lot

It is fairly hard to be positive when all the indicators say the outlook is negative.   These are just feedback loops.  

Brexit causes uncertainty; so companies become cautious, causing growth to slow; causing people in business to become negative; then the population becomes negative; then we have a recession.  

It was pretty much very likely to play out this way, though I am pretty shocked the brexitters seem to have walked away like they have.

That is all before any practicalities of trade/laws/relationships with other countries/their citizens have been resolved.

There was a small chance that we would all rise up and be proud and cause a growth spurt, but guess that isn't happening now.

Fwiw.  Had an interview the other week.  Cancelled, company has stopped hiring.  Though I would say there is more jobs around than I expected, though likely not as many as before brexit.