Member Info for Darth.Trader

Onelongrunner...

https://www.investopedia.com/terms/c/coreinflation.asp#:~:text=What%20Is%20Core%20Inflation%3F,prices%20are%20much%20more%20volatile.

dyor

UK interest rates have been raised to 5% by the Bank of England, as it battles to control soaring prices.

The Bank has increased rates to 5% from 4.5% - the 13th increase in a row.

DYOR

DYOR

.....

https://www.bbc.co.uk/news/business-65962027

DYOR

Will contract more than previously expected this year as sticky inflation takes its toll on private consumption, the Ifo Institute said on Wednesday while presenting its forecasts.

German gross domestic product is expected to fall by 0.4% this year, more than the 0.1% forecast by the Ifo Institute in March.

"The German economy is only very slowly working its way out of the recession," Ifo's head of economic forecasts Timo Wollmershaeuser said.

The economic institute has also cut the forecasts for 2024 to 1.5% GDP growth, down from 1.7% previously expected.

Inflation is forecast to ease slowly from 6.9% in 2022 to 5.8% this year, down to 2.1% in 2024.

Due to inflation, private consumption will fall by 1.7% this year, the economic institute forecasts. It will not rise again until 2024, when it is expected to post a 2.2% increase.

The number of unemployed will rise slightly in 2023, but the unemployment rate will remain unchanged from the previous year at 5.3% this year, rising to 5.5% in 2024.

New government borrowing will fall from 106 billion euros ($115 billion) in 2022 to 69 billion this year and 27 billion next year, according to Ifo's estimates.

https://www.reuters.com/markets/europe/german-recession-will-be-sharper-than-expected-ifo-2023-06-21/

DYOR

Pledges to end North Sea exploration and let areas profit from clean power...

https://www.bbc.co.uk/news/uk-scotland-scotland-politics-65945214

DYOR

"could not"

D...

R78, i just posted the content after seeing the brief snippet posted previously without a link. I'm sorry i bothered now, lol,

eve then i could post all the article in one post for some odd reason, anyway thanks for the info. appreciated.

Darth.T

88, BBC..!, not the same BBC that I use to post articles, news from...and Ma' Bucket slates me for?

DYOR

Tfe "but at least we now know your other alias here is someone called taverham!!!"

sorry? Iwould think most posters on here would already now however I can assure you, and others, I do not have any other ID's on this or other forums.

DYOR

""The study found that between January 2022 and March 2023, the price of food products that were exposed to Brexit increased by approximately 3.5 percentage points more than those that were not.

When considering the impact on food prices since December 2019, just before Britain formally left the EU, they estimated the cost of Brexit to UK households at 6.95 billion pounds ($8.77 billion), or 250 pounds per household.

Between December 2019 and March 2023, it said UK food prices rose by almost 25 percentage points.

"Our analysis suggests that, in the absence of Brexit, this figure would be 8 percentage points (30%) lower," the CEP said.

Products with high non-tariff barriers, such as meat and cheese imported from the EU, saw price increases about 10 percentage points higher than similar products that were not exposed to Brexit since January 2021, when Britain's trade and cooperation (TCA) agreement with the EU started.

Last week Prime Minister Rishi Sunak's spokesperson said Britain's departure from the European Union had not been a failure, rebuffing criticism from prominent eurosceptic politicians about how Brexit had been implemented.

Overall British consumer price inflation hit a more-than 40-year high of 11.1% in October, according to official data. It had slowed to 8.7% in April.

($1 = 0.7923 pounds)

...DYOR

"""Although London and Brussels have an agreement allowing largely tariff-free trade in goods, barriers to exports and imports in the form of paperwork, known as non-tariff barriers, have caused delays and higher costs.

The Centre for Economic Performance (CEP) study compared price changes for food products imported from the European Union with prices of food from further afield.

Before Brexit these products had similar price trends but after Brexit, there was a relative increase for products more exposed to imports from the EU, it said, and that has continued into 2023.""

DYOR

Https://www.reuters.com/world/uk/brexit-blame-third-britains-food-bill-rise-researchers-say-2023-05-25/#:~:text=LONDON%2C%20May%2025%20(Reuters),Economics%20and%20other%20universities%20said.

DYOR

""From now on, either keeps going up or falls back.....wait & see""

genius ....

DYOR

“”Boris is being hounded for eating a slice of cake in a 1950s Stalinist show trial””.

Yes it’s so unjust isn’t it..

And when you think that he only told the rest of us that we can’t go out, not to mix with family and friends or go to loved one funeral, visit family in care homes, getting fines for working out, sightseeing, marshalled at the supermarkets and in some cases rationed, whilst they fill there face with cake and suitcases with wine and party on…

DYOR

""I don't think that he actually ate any cake""

yep deffo a kangeroo court..oh the injustice!

DYOR

"""Rishi Sunak’s government could be forced to intervene to help homeowners feeling the pain of rising rates"""

god help the banks....Do you think they'll stop the divi...again?

DYOR

""All of mine were paper certificate's as well Lti""

You talk as though it was a hundred years ago, held them back in 2010, and it was great, it's much better nowadays...

DYOR

..""5% base rate is mediocre historically,""

yes but this time around is different, plus these people on fix term deals that are about to run are already carping themselves..

DYOR

TFE, I thought the EU was falling apart and we in the UK are going to be ok, ..!

incoming... 5%.

back in my Anderson shelter..

DYOR