Post by CookinFlat6 on Aug 5, 2016 0:29:22 GMT
Another day, another lie from the Express, misleading its readers as usual
The Bank of England cut rates to the lowest level in history and announced more money printing - in response to the dire manufacturing data, an attempt to stimulate the economy by pumping cash in. What would we expect the Bank of England to say about this action? To be positive and say 'a recession will be avoided due to this decisive move'
Whats the downside? - savers just got hammered even more, pensioners just got smacked some more on their savings and hence income - the pound is fundamentally weakened further.
And what does the Express says to its readers?
Ok thats simple enough, the guy originally said leaving would wreck the economy, we havent actually left, yet he is having to take desperate measures to protect the economy - which needs desperate measures because of the effects of the possibility of actual brexit.
The express are still selling the lie that the vote is the same as actually leaving
So the pensioners who voted brexit have just been hit in the pocket by the effects of the 'possibility of an actual brexit' and are being told that its all good because an actual brexit will not end in recession - because the bank of England HAVE BEEN FORCED TO CHANGE THEIR TUNE (forced to take desperate measures to correct the effects of 'the possibility of brexit')
heres the same story reported by a none brexit paper
The Bank of England cut rates to the lowest level in history and announced more money printing - in response to the dire manufacturing data, an attempt to stimulate the economy by pumping cash in. What would we expect the Bank of England to say about this action? To be positive and say 'a recession will be avoided due to this decisive move'
Whats the downside? - savers just got hammered even more, pensioners just got smacked some more on their savings and hence income - the pound is fundamentally weakened further.
And what does the Express says to its readers?
Brexit doom-mongers proved WRONG as Bank of England says UK WILL dodge recession
BRITAIN is NOT set to fall into recession as a result of the vote to leave the European Union (EU), the Bank of England said today in a major u-turn.
Governor Mark Carney said quick and decisive action by the Bank is set to steer the UK economy through any disruption caused by the referendum result.
BRITAIN is NOT set to fall into recession as a result of the vote to leave the European Union (EU), the Bank of England said today in a major u-turn.
Governor Mark Carney said quick and decisive action by the Bank is set to steer the UK economy through any disruption caused by the referendum result.
Ok thats simple enough, the guy originally said leaving would wreck the economy, we havent actually left, yet he is having to take desperate measures to protect the economy - which needs desperate measures because of the effects of the possibility of actual brexit.
The express are still selling the lie that the vote is the same as actually leaving
So the pensioners who voted brexit have just been hit in the pocket by the effects of the 'possibility of an actual brexit' and are being told that its all good because an actual brexit will not end in recession - because the bank of England HAVE BEEN FORCED TO CHANGE THEIR TUNE (forced to take desperate measures to correct the effects of 'the possibility of brexit')
heres the same story reported by a none brexit paper
The decision by the Bank of England to slash interest rates and pump more emergency funds into the system shows the fragile state of the UK economy.
This was the experts doing their best to save the country from the very consequences of Brexit they warned about.
There is some comfort that these measures should stave off recession.
Yet you cannot ignore the sharp deterioration in our prospects since voting to leave the EU.
The growth forecast has been downgraded, while unemployment is predicted to rise by 250,000 over the next two years.
Any cut in output means less money in taxation which pays for our schools, hospitals, police and infrastructure.
As the Bank of England cuts interest rates new Chancellor must act quickly
If the Bank is right, the lost growth over the next three years is equivalent to the annual amount we spend on education.
The real concern is the Bank’s actions are a temporary dam which may not be able to withstand more torrential forces if the Government cannot negotiate a successful EU withdrawal.
In the meantime, savers are being hammered and pension funds further weakened.
This was the experts doing their best to save the country from the very consequences of Brexit they warned about.
There is some comfort that these measures should stave off recession.
Yet you cannot ignore the sharp deterioration in our prospects since voting to leave the EU.
The growth forecast has been downgraded, while unemployment is predicted to rise by 250,000 over the next two years.
Any cut in output means less money in taxation which pays for our schools, hospitals, police and infrastructure.
As the Bank of England cuts interest rates new Chancellor must act quickly
If the Bank is right, the lost growth over the next three years is equivalent to the annual amount we spend on education.
The real concern is the Bank’s actions are a temporary dam which may not be able to withstand more torrential forces if the Government cannot negotiate a successful EU withdrawal.
In the meantime, savers are being hammered and pension funds further weakened.