Follow the money. WHO made massive profits shorting the pound?!?!
Please leave WHO out of this
Heh heh. Not the band, or the World Health Organisation.
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He’s being done for multiple sexual assaults now, his hedge fund is toast
In June 2023, the Financial Times published an investigative report on Odey which alleged that he had sexually harassed or assaulted 13 women over the course of 25 years.[5][6] Odey Asset Management announced shortly afterwards that Odey would be leaving the firm.[7] Investors soon started pulling their money from the firm following the report, prompting it to suspend withdrawals.[8] In late June 2023 the company suspended flagship hedge funds, and it was speculated that it might break up.[9]
This is the best summary I could come up with:
UK businesses are reluctant to make large investments in machinery and new technology while barriers to trade with the EU remain in place and interest rates are high, according to a survey by the British Chambers of Commerce.
The business lobby group said the vast majority of respondents to its quarterly economic survey had frozen or cut investment plans while only 23% said they were considering fresh injections of cash to improve the way they operated.
In a signal that pause in business investment dating back to the Brexit vote in 2016 was still in place, 59% of the 5,000 respondents reported no change and 18% saw a decrease.
He said uncertainty about the government’s plans for infrastructure developments and the threat of further customs checks at the EU border were also holding back investment.
This is in part a reflection of broader uncertainty, with little clarity on major long-term projects and yet more trade barriers to come with the EU,” he said.
The expectation among businesses that inflation will be lower than forecast earlier in the year is likely to further ease pressure on the central bank to raise rates at its next meeting in November.
The original article contains 421 words, the summary contains 197 words. Saved 53%. I’m a bot and I’m open source!
Lol, the guardian have to crowbar brexit into everything, even making the image brexit related
They never make any comparison, as if the UK is the only country with any issues
If you look at PMI manufacturing survey data, the UK is doing better than the EU, France and Germany, and they also don’t mention the good news on services…
But that probably doesn’t get any clicks
https://tradingeconomics.com/country-list/manufacturing-pmi?continent=europe
Funny how the report they are reporting on doesn’t mention brexit once… inflation being the number one concern, closely followed by interest rates, which affect investment obviously, but the guardian doesn’t mention that
Inflationary pressures continue to ease but remain the top concern.
The percentage of firms expecting their prices to rise fell for the fifth consecutive quarter. Two-fifths of firms (41%) now expect to put up prices in the next three months. This is down from an historic high of 65% in Q2 of 2022, indicating inflationary pressures are continuing to ease.
While inflation remains firms’ biggest concern, the level has dropped for the third quarter running, with 65% of firms now worried compared to 69% in Q2. However there has been a corresponding 4 percentage point rise in businesses worried about interest rates, increasing from 41% in Q2 to 45% in Q3.
You cannot use PMI to make comparisons between countries. PMI is a comparison to yourself and how your economy is doing. Anything below 50 on PMI shows that there is a contraction in the economy. The UK’s PMI is 44, so it proves the point that the economy is shrinking.
As for using Germany and France for comparisons that is just bloody stupid. Brexit did not just affect the UK, it was damaging to countries in the EU also.
Of course you can compare PMI results, it’s a survey of purchasing managers, why do they publish them then?
How did brexit affect France and Germany? There are no import controls from the EU to the UK
why do they publish them then?
To show how you are doing compared to the previous month. It does not show you how you are doing in comparison to everyone else; it is a comparison to your own market.
How did brexit affect France and Germany? There are no import controls from the EU to the UK
OFC there is, have you seen the massive lorry park at Dover? They also have extra costs with paperwork. This is as well as the economy being shrunk by the loss in UK trade.
No it is not. You are talking nonsense. It’s used for both, it’s an easy way to compare differences in confidence across regions
Why are they all published by country then? For fun?
https://www.google.com/search?q=pmi index by country
I suppose Bloomberg just do this for no reason as well then?
https://www.bloomberg.com/graphics/global-pmi-tracker/
Show me some stats about trade rather than some hysterical nonsense about a lorry park
Suggesting that Germany and France have been affected by brexit is nonsense. Covid supply shock and the Russian invasion and resulting sanctions on Russian energy dwarfs any brexit disruption from 2021
PMI is a relative measurement. You can’t use it to do absolute comparisons.
It’s the same nonsense as Sunak saying we can take the foot of the peddle of NetZero because we have improved a load. We are not doing better than the others, we just improved the most, because we started so badly.
Sure, you’re right and the experts are wrong.
PMI is a comparison to YOUR previous month.. When your data point is your own economy then that has no relation to anyone else’s. The EU is in contraction because of the massive upheaval that has taken place in recent years. The EU was massively weakened by Brexit, and compounded with a pandemic. This was further exacerbated by the energy supply disruption, which in turn affect mainland EU countries more than the UK.
You are using one short term internal data point to prove an argument for something that happened in 2020 across many countries. It shows nothing but your ignorance on the subject.
When invoking experts (thought you Brexiteers had enough of experts), you should reference you sources. But that map doesn’t have Britain standing out from Europe. Brexit has damaged the EU and Britain. It hurt us worse, but has hurt them too.
