It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
originally posted by: Agit8dChop
Europe needs Britain, not the other way around!
originally posted by: Cassi3l
Nearly one in three British businesses are planning to relocate some of their operations abroad or have already shifted them to cope with a hard Brexit, according to a leading lobby group.
The Institute of Directors (IoD) warned that 29% of firms in a survey of 1,200 members believed Brexit posed a significant risk to their operations in the UK and had either moved part of their businesses abroad already or were planning to do so.
More than one in 10 had already set up operations outside the UK as the prospect of a no-deal Brexit becomes more likely amid Westminster gridlock.
Most firms considering a move were looking to open offices inside the European Union, said the IoD, which represents 30,000 firms.
Germany facing MAJOR RECESSION: Stark WARNING issued to Merkel as Berlin set for 'crisis'
GERMANY should prepare to deal with a financial crisis should the economic structure of Europe’s most powerful country start to crumble, according to EU Budget Commissioner Günther Oettinger.
The nation which has the largest economy in Europe has been hit by a raft of weak economic data over recent months, sparking concerns of a financial cooldown and a new negative trend. Fears of a recession being on the cards have even begun to emerge, with analysts suggesting the latest disappointing production data had increased the risk of a technical recession after a 0.2 percent contraction in the third quarter. A recession is defined by economists as gross domestic product (GDP) falling for two consecutive quarters. The brakes have seemingly been slammed on a nine-year expansion in Europe’s economic powerhouse as an ongoing trade war between the United States and China and Brexit uncertainty continue to rattle global markets.
“The tax burden in Germany is quite high in international comparison, especially in corporate taxation.
“We will have to wait and see how the tax reform will work in the US in the long run."
“Incidentally, the Federal Government is well advised to prepare for a crisis in order to react quickly if necessary.
Yesterday saw Germany hit by weaker than expected industrial output figures for the third consecutive month
Data released on Tuesday by the Federal Statistics Office in Germany showed industrial output fell by 1.9 percent on the month in November.
The output figure for October was revised down to a fall of 0.8 percent from a previously reported drop of 0.5 percent.
Altmaier last month lowered the government’s growth forecast for 2018 to around 1.5 to 1.6 percent, down from the previous estimate of 1.8 percent.
Earlier this month, a new survey showed the manufacturing sector in Germany slowed once more with new orders falling at the fastest rate in four years.
Markit’s Purchasing Managers’ Index (PMI) for manufacturing, which accounts for about a fifth of the economy, tumbled to a 33-month low of 51.5 in December, down from 51.8 in November.
The number is inching closer to the 50.0 level which marks a contraction.
It was the eleventh time in 2018 that the manufacturing index fell.
www.express.co.uk...
Italy slips into recession for third time in a decade
Italy’s economy fell into recession in the final three months of 2018, in a blow to the country’s governing radical centre-right coalition, which pledged to boost the country’s persistently low GDP growth.
The 0.2% drop in the eurozone’s third largest economy between October and December followed a 0.1% fall in the previous three months the Italian statistics agency said. Declining GDP growth over two consecutive quarters put Italy in recession. It is the third time the country has fallen into recession in a decade.
Amid weakening growth rates across the eurozone, Italy is likely to be forced to rewrite its forecasts for growth in 2019.
Aberdeen Standard Investments said: “The growth forecasts on which the budget was based have already been blown out of the water and eurozone growth continues to weaken.
Analysts have blamed much of the slump on a running battle between Rome and Brussels
The dispute ran for months, hurting economic confidence and driving up Italy’s borrowing costs, before a settlement was reached just before Christmas.
Luigi Di Maio, the head of the Five Star Movement, said the recession was proof that Europe’s budget rules should be relaxed to allow Italy to stimulate its economy back to growth.
“The sell-off in Italian assets and rise in yields is now feeding through into tighter lending conditions and weaker macro data,”
The EU statistics agency, Eurostat, said the eurozone expanded by 1.8% in 2018 overall, the slowest rate of growth since 2014 and significantly down from 2017’s 2.3%.
German retail sales fell at their steepest rate since 2007 in December and exports of cars to China also declined.
www.theguardian.com...
originally posted by: djz3ro
originally posted by: Agit8dChop
Europe needs Britain, not the other way around!
Nope, it works both ways. You want proof? Wait 56 Days, 12 Hours, 37 minutes...
I could wittily suggest that if there's no bread, you should all just eat cake
But that'll be a bit difficult if there's no flour or butter coming in to the country
You can always go to the nearest chippy though
if spuds and fish aren't in short supply by the summer ...
Maybe that's when reality will start to bite
But there’s no way I’m letting my pussy suffer lol.
originally posted by: SprocketUK
As for food shortages here,
originally posted by: paraphi
It takes a bit of spite for the EU to allow lorry-loads of perishable goods to rot on the other side of the channel.
If they do that then it's the producers of tomatoes and other produce who will suffer.
I bet if you Google "What is the role of a member of Parliament?" Brexit isn't one of their roles. I bet it's not even in the job description.
originally posted by: Dem0nc1eaner
a reply to: Cassi3l
We have a lot of soil in the UK. It's quite good for growing things in
We produce our own butter, meat, majority of vegetables and will have more access to fish after Brexit.