28-10-2016, 10:28
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#2266
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cf.mega poster
Join Date: Dec 2013
Posts: 14,344
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Re: Post-Brexit Thread
Quote:
Originally Posted by Chris
It's also a massive boost to anyone who exports, or manufactures for uk consumption against competition from cheap imports.
Currency devaluation is never a one-sided equation, especially not when the value of the currency has been too high for too long.
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The key thing of concern about weak Sterling is that we import a lot of things - 50% of our food is imported and lots of our energy. So, there will be winners in areas like tourism but the fuel and food costs will squeeze many too. Of course, if investors feel that they will start to invest in the UK again in the wake of Nissan's decision then Sterling may rise and those price rises won't happen.
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28-10-2016, 10:31
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#2267
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Remoaner
Cable Forum Team
Join Date: Mar 2004
Posts: 32,282
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Re: Post-Brexit Thread
Quote:
Originally Posted by Chris
It's also a massive boost to anyone who exports, or manufactures for uk consumption against competition from cheap imports.
Currency devaluation is never a one-sided equation, especially not when the value of the currency has been too high for too long.
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Yes and Nissan are going to be increasing jobs (although the latter probably means we're staying in the Customs Union). It's not all bad news by a long shot. Just think it's premature to say we've avoided Brexit-related impact before we've even left.
Last edited by Damien; 28-10-2016 at 10:59.
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28-10-2016, 11:06
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#2268
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Trollsplatter
Cable Forum Team
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Location: North of Watford
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Re: Post-Brexit Thread
Indeed ... Brexit hasn't happened yet. However the referendum *has* happened, and it is fair and reasonable to compare actual economic data with that which was forecast for the post-referendum period.
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28-10-2016, 11:26
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#2270
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cf.mega poster
Join Date: Dec 2013
Posts: 14,344
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Re: Post-Brexit Thread
Quote:
Originally Posted by Chris
Indeed ... Brexit hasn't happened yet. However the referendum *has* happened, and it is fair and reasonable to compare actual economic data with that which was forecast for the post-referendum period.
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I think it's fair to say the data is mixed. GDP has encouragingly grown but the pound has plummetted and inflation hs inched up. Nissan has encouragingly reinvested in the UK but only after written assurances were received that it would not be disadvantaged by Brexit. Reported hate crimes have risen but this has not deterred immigration. So, a mixed bag so far.
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28-10-2016, 12:35
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#2271
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Sad Doig Fan!
Join Date: Aug 2007
Location: Barry South Wales
Age: 68
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Posts: 11,694
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Re: Post-Brexit Thread
Quote:
Originally Posted by Damien
We'll see what happens to the economy but up until September anyway we were in a holding pattern. At the moment we're still in the EU, we can still trade easily across Europe. Pretending Brexit has already happened and it's now fine is delusional. We'll see the real impact once we know what is actually going to happen to various industries.
As for what people think now then let's wait and see what people think when the drop in sterling filters though to prices. Inflation is already rising. Sterling is down 20% now. That's a massive hit to anyone who imports as part of their business and for consumer goods.
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There are many things which affect currency values not least uncertainty. We are by no means out of the woods yet but the head of the WTO stating we still are members and will remain so will help.
Being a realist I see turmoil ahead until the time we actually leave so I'm looking at 2 yrs. After that I firmly believe this country will prosper far more than if it stayed in the EU with or without free movement.
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28-10-2016, 15:12
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#2272
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Inactive
Join Date: Oct 2006
Location: Right here!
Posts: 22,316
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Re: Post-Brexit Thread
Quote:
Originally Posted by Damien
We'll see what happens to the economy but up until September anyway we were in a holding pattern. At the moment we're still in the EU, we can still trade easily across Europe. Pretending Brexit has already happened and it's now fine is delusional. We'll see the real impact once we know what is actually going to happen to various industries.
As for what people think now then let's wait and see what people think when the drop in sterling filters though to prices. Inflation is already rising. Sterling is down 20% now. That's a massive hit to anyone who imports as part of their business and for consumer goods.
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People can think what they want but I certainly don't think it's all over one way or the other and that includes all the problems facing the Eurozone which a whole lot of people seem to be overlooking right now. Prices will rise and fall with the value of the currency (amongst other things) and that will vary according to a whole range of factors, short term uncertainty being one. The Euro is going to come under huge pressure sooner or later as things over there start to unravel (Italian banking crisis, Greece etc etc etc) and at that point Sterling will look a better bet, the current arguments will be reversed and the same people will no doubt be panicking about that too. We can't hope to run our economy properly over the long term if people are going to panic and demand change every time something like this happens. We've suffered far worse inflation in the past and for anyone who lived through that, this is nothing. Tough times may lie ahead but the only other option open to us is even more uncertain IMHO so let's not give the impression that staying in the EU was in some way a risk free panacea.
Last edited by Osem; 28-10-2016 at 15:24.
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28-10-2016, 16:01
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#2273
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-.- ..- .-. ... -.-
Join Date: Mar 2008
Posts: 2,857
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Re: Post-Brexit Thread
Quote:
Originally Posted by papa smurf
unlike some who troll the net looking for negativity .
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I knew this thread was missing something. Can anyone find a doom-laden graph to spoil the party please? No, really, don't bother
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28-10-2016, 16:07
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#2274
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vox populi vox dei
Join Date: Mar 2007
Location: the last resort
Services: every thing
Posts: 13,740
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Re: Post-Brexit Thread
Quote:
Originally Posted by denphone
One can have a love of ones country whether they are a Brexiteer or not IMO.
One also should not blindly follow either as questions rightly should be asked and hopefully the right answers are given and not just believed just because certain media outlet's says so.
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i know what you mean [financial times my bottom ]
__________________
To be or not to be, woke is the question Whether 'tis nobler in the mind to suffer. The slings and arrows of outrageous wokedome, Or to take arms against a sea of wokies. And by opposing end them.
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28-10-2016, 16:10
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#2275
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vox populi vox dei
Join Date: Mar 2007
Location: the last resort
Services: every thing
Posts: 13,740
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Re: Post-Brexit Thread
Quote:
Originally Posted by Kursk
I knew this thread was missing something. Can anyone find a doom-laden graph to spoil the party please? No, really, don't bother
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can they what
__________________
To be or not to be, woke is the question Whether 'tis nobler in the mind to suffer. The slings and arrows of outrageous wokedome, Or to take arms against a sea of wokies. And by opposing end them.
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28-10-2016, 16:21
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#2276
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-.- ..- .-. ... -.-
Join Date: Mar 2008
Posts: 2,857
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Re: Post-Brexit Thread
Quote:
Originally Posted by papa smurf
can they what
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You can't just do that. Endless diatribe must accompany the piccy For example:
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum and that is why Brexit will fail just like I told you so.
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28-10-2016, 16:28
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#2277
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vox populi vox dei
Join Date: Mar 2007
Location: the last resort
Services: every thing
Posts: 13,740
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Re: Post-Brexit Thread
Quote:
Originally Posted by Kursk
You can't just do that. Endless diatribe must accompany the piccy For example:
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum and that is why Brexit will fail just like I told you so.
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you might as well be speaking Latin
__________________
To be or not to be, woke is the question Whether 'tis nobler in the mind to suffer. The slings and arrows of outrageous wokedome, Or to take arms against a sea of wokies. And by opposing end them.
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28-10-2016, 16:32
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#2278
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-.- ..- .-. ... -.-
Join Date: Mar 2008
Posts: 2,857
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Re: Post-Brexit Thread
Quote:
Originally Posted by papa smurf
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Nicely summed up Papa. Every picture tells a story.
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28-10-2016, 18:10
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#2279
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Mum 15/08/46 - 30/09/20
Join Date: Mar 2004
Location: Galactic Sector ZZ9 Plural Z Alpha, A secret Moonbase (shh don't tell anybody)
Age: 55
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Posts: 16,968
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Re: Post-Brexit Thread
I can't wait the the morning we a free of EU red tape.
Then those criminals, rapists & murderers that the EU said we can't kick out, we can deport.
Then there are the people we want to go to prison and only leave in a box we can do so.
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I'm a Trustee & Secretary for a local charity
STAY AT HOME: I found out that mum will never walk again as the coronavirus attacked her nervous system. She died on September 30th.
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28-10-2016, 18:55
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#2280
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cf.mega poster
Join Date: Dec 2013
Posts: 14,344
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Re: Post-Brexit Thread
Quote:
Originally Posted by Hom3r
I can't wait the the morning we a free of EU red tape.
Then those criminals, rapists & murderers that the EU said we can't kick out, we can deport.
Then there are the people we want to go to prison and only leave in a box we can do so.
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All those people can and should be deported. Some have argued that the European Arrest Warrant makes it easier. It certainly has helped secure the arrest of criminals from the UK who have fled to Spain.
http://www.itv.com/news/update/2016-...ign-criminals/
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