You do NOT have to register to read, post, listen or contribute. If you simply wish to remain fully anonymous, you can still contribute.

Enter what you see:
This image contains a scrambled text, it is using a combination of colors, font size, background, angle in order to disallow computer to automate reading. You will have to reproduce it to post on my homepage Tip: Reload page if you have difficulty reading characters
Lost Password?
No account yet? Register
King of Hits
Home arrow Forums
Welcome, Guest
Please Login or Register.    Lost Password?
Go to bottomPost New TopicPost Reply
TOPIC: Bank of England Forecast

Bank of England Forecast 1 Year, 2 Months ago  
Taking into account the Brexit deal negotiated by Boris, the BoE has amended - down - its growth forecasts for the economy.

In 2020, a 0.1% reduction to 1.2%; and for 2021, a half percent drop to 1.8% - are now forecast.

So our own Central Bank now formally tells the nation that the current Brexit deal will slow down our economic performance.

A view they were previously unwilling to give - without details of the Brexit terms.

One good thing they added though - was the opinion that the ending of Brexit uncertainty would have an initial (though unquantified) benefit.

Presumably this expert analysis will make the selling of Brexit - which the ex-Speaker yesterday described as a major error - a bit more difficult.

Surely too - the opinion of the BoE/HM Treasury cannot be ignored, without good reason!?

Logged Logged
  Reply Quote

Re:Bank of England Forecast 1 Year, 2 Months ago  
Moody's are now 'poised' to reduce the outlook on our Aa2 credit rating from stable to negative.

As our National Debt is now 80% of our annual economic output - and makes us vulnerable to Brexit consequences.

Not good news at this critical time, with more credit agencies likely to follow; we will be on a similar rating to France.

Our Debt has virtually doubled, over the past 9 years - since the Tories returned - when more was borrowed than ever before.

To fund the now daily financial promises of our campaigning political parties - further Debt increases are inevitable.

Logged Logged
  Reply Quote

Re:Bank of England Forecast 1 Year, 2 Months ago  
Today's new economic data shows that the UK economy is barely threading water.

And has barely avoided recession status - all commentators agree.

In addition, the National Debt has exceeded £2 trillion - having doubled in less than 10 years.

To put this into perspective:-

- to count to £2T, at a rate of 2 seconds per unit, would take you 64 years.

- our National Debt is now around 87% of our GDP, and we pay over £1 billion a week in interest on it.

Logged Logged
  Reply Quote
Go to topPost New TopicPost Reply