Brexit distracting UK from bigger challenges, says BoE's Haldane | Crypto Craft

  • Brexit distracting UK from bigger challenges, says BoE's Haldane

    From reuters.com

    Brexit is distracting Britain’s government and businesses from the longer-term challenges of boosting productivity and living standards, Bank of England Chief Economist Andy Haldane said on Friday. BoE Governor Mark Carney has previously said Britain’s economy has so far probably grown almost 2 percent less than it would have done if voters had backed staying in the European Union at June 2016’s referendum. Haldane told a public forum in Bristol, southwest England, that Brexit preparations were delaying longer-term work on boosting Britain’s very weak rate of productivity growth that set in around the time of ... (full story)

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NewtonsCash
Nov 10, 2018 9:35am
Permalink
Quoting Lamplighter
Productivity seems to be an incessant problem for the UK. Monetary tinkering will not change that.
Simple really, such a great percentage of everyones take home goes towards the paying for a roof over their head, then exorbitant Council tax, then ridiculous energy charges the average UK citizen is being asked to 4 times as much with a salary less than 10 percent higher than in 1996.

The Rentiers like Haldane and Carney who do nothing other than act as parasite have effectively stifled any and all entrepreneurial spirit in the high street as the next generation of business start ups cannot possibly afford to.. start.

As a result the UK is now a plethora of ridiculous estate agents (all with windows full of houses about 80 percent overvalues), Bankrupt banks staffed by simpletons, charity shops and a Government and councils over staffed 10:1 over payed 10:1.

Looking for productivity in the UK in 2018 is like looking for Gold in the B of E, i.e. something we used to have but it got stolen by the people trusted to look after it
Reply
NewtonsCash
Nov 10, 2018 2:32am
Permalink
Err... bigger challenges , like, "Where is Venezuala's Gold ?", "Why has the B of E pumped the UK National debt from £564Bn in 2010 to £2.3Tn today ?", or "Why has the B of E become Mark Carney's personal political football?",

Yep,Mr "Bought and paid for Carney poodle" Brexit has been placed front and centre of you're agenda - By you're boss !!

Oh, and by the way, if you walk out of the front door of the B of E and walk 200 metres to you're left, there is a great big building that houses the Worlds largest insurance company called Lloyds of London, so arguments from the B of E about "we cannot return Venezuala's gold because we cannot find anyone to insure it" makes anyone with a pulse think either -

"The B of E does not have a collective brain cell in it" or

"Venezuala's gold has been sold and the vaults are now largely empty" which would explain why Swiss refiners are reporting that gold deliveries from the B of E are now covered in dust i.e. from the back of the vault and that the markings on them date from 1984 i.e from the back of the vault"

Either way, a Gold audit at the B of E, 33 Liberty and Fort Knox needs to be held now, to ascertain at the very least whether there is any Gold left and to adjust the price accordingly.

A word to the people of Venezuala - "Don't hold you're breath for you're Gold, its currently dangling from someones neck in the Eastern hemisphere, where so goes the Gold goes the power - Julius Caesar"
Reply
Lamplighter
Nov 10, 2018 7:46am
Permalink
Productivity seems to be an incessant problem for the UK. Monetary tinkering will not change that.
Reply
Not-KPMG
Jan 20, 2019 8:28am
Permalink
Quoting stryjek
bullshit , media is distracting people , if you read this two articles , you will find out how british press is faking the news , why there is no selfie with May and Sierra Leone president ? beceause there was no meeting , the footage is from common wealth meeting in backingam palace long time ago . I have never seen UK press to be so misleading and propaganda focused , good bye democracy in UK , UK press is trying to force people to believe that Common Wealth is waiting openly for the new deals and in reality is ... take a look about those two...
True.

Thousands liars working to distract few million..... Whatevers
Reply
Not-KPMG
Jan 20, 2019 8:31am
Permalink
Quoting NewtonsCash
Err... bigger challenges , like, "Where is Venezuala's Gold ?", "Why has the B of E pumped the UK National debt from £564Bn in 2010 to £2.3Tn today ?", or "Why has the B of E become Mark Carney's personal political football?", Yep,Mr "Bought and paid for Carney poodle" Brexit has been placed front and centre of you're agenda - By you're boss !! Oh, and by the way, if you walk out of the front door of the B of E and walk 200 metres to you're left, there is a great big building that houses the Worlds largest...
Gold??

What gold

They sold it.....Russia, Germany, China, India buy it......

And tomorrow we won't even use gold, but bitcoin

Great post pal.
Reply
stryjek
Nov 11, 2018 6:34am
Permalink
bullshit , media is distracting people , if you read this two articles , you will find out how british press is faking the news , why there is no selfie with May and Sierra Leone president ? beceause there was no meeting , the footage is from common wealth meeting in backingam palace long time ago .

I have never seen UK press to be so misleading and propaganda focused , good bye democracy in UK , UK press is trying to force people to believe that Common Wealth is waiting openly for the new deals and in reality is ... take a look about those two articles about Sierra Leone president meeting with EU , somehow Sunday Express is showing it in totally different way using some random footage to make people think ,

https://www.thesierraleonetelegraph.com/sierra-leone-receives-seventy-three-million-euros-from-european-commission/

https://www.express.co.uk/news/uk/1043247/Brexit-news-UK-EU-Theresa-May-Commonwealth-trade-deal-Sierra-Leone-latest
Reply
Trader#580F
Nov 11, 2018 6:40am
Permalink
I think your answer is here.

https://mediabiasfactcheck.com/daily-express/
Reply

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