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The UK votes to leave the European Union |OUT2| Mayday, Mayday, I've lost an ARM
- Thread starter Hasney
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He's stinking rich, he's been on the board of BAT for decades. He's still there because his wife died.
This is among the dumbest handwaves I've read on this forum. Sure, why would "the masses" concern themselves with the value of their currency, it's not like it directly affects the cost of inputs into their businesses, the cost of imported consumer products, and the exchange rate of their currency when travelling. But then they're "the masses", so they can live in blissful ignorance, right?
You really, really think that this significant fall in the pound is due to a "trade balance problem" and not Brexit? It's just a coincidence that this happened just after the government begun to say that they will take a hard-line stance on Brexit which will likely fuck up most, if not all, of the trade deals we might get?
And yes, they should assess success or failure because as an import-driven economy a fall in the pound is, as I said above, catastrophic. Tesco, Sainsburys, ASDA, etc won't go all nice and soak up the massive rise in supplier prices themselves so therefore the average person is going to be affected.
It has been a tad, the last time we had exchange rates like this we got sustained growth for years.
Crashing out of the ERM ended up being a good thing despite endless reports of doom.
Ergo, don't panic.
No its because the same bankers despised by this very forum are betting against the quid. We all know that they would never bet wrong. They are the bastion of fiscal responsibility after all.
I suspect he'll move into the Lords in 2020.
Odd that he has been a minister for around a combined 15-20 years and not been knighted. Craig Oliver runs the no 10 press ops for 3 or 4 years and gets a knighthood.
Huw_Dawson
Member
Well if they are wrong, you should obviously get into investing, buy GBP and show them all up! If they are undervaluing the pound now, when it soars up after our economy booms outside the EU for some yet to be explained reason, you'll make pots of cash.
(Saying 'oh it's evil moneymen doing this, they're obviously wrong' is a pretty hilarious misunderstanding of how fiscal markets work)
Two major industry associations in Germany just reiterated that they want a tough stance by the EU on Brexit negotiations. While they could see short-term losses, they believe granting special rights to the British, such as access to the single market without freedom of movement, will result in other countries asking for the same. This would ultimately lead to the end of the single market and damage the German industry.
http://m.spiegel.de/wirtschaft/soziales/a-1116362.html
So much for "but the Germans need to sell their cars, they will surely support us".
http://m.spiegel.de/wirtschaft/soziales/a-1116362.html
So much for "but the Germans need to sell their cars, they will surely support us".
PdotMichael
Banned
German companies now pushing for hard negotiations with the UK.
It makes sense that German companies are rather protecting the large one single market than just the trade with the UK. Also the UK will eat what they get anyway.
It makes sense that German companies are rather protecting the large one single market than just the trade with the UK. Also the UK will eat what they get anyway.
It usually works the opposite of what the doom sayers say in my experience of 40 years of life on this planet. I've seen double digit interest rates, double digit inflation and nearly doubled digit recession negative growth,we came through it all. This at the minute is, well, nothing.
I remember the government spending billions trying to prop up a free falling pound desperately trying to stay in the ERM, interest rates were high and the papers full of stories of doom.
Those billions got us nowhere, we crashed out and we waited for the financial apocalypse.
It never came, we instead saw many years of growth, the longest on record I believe. This growth was fueled by a low pound and increased competitiveness on the world stage.
The presidents of two big German employers' associations said today [German source] that they approve of a tough approach in Brexit negotiations and declared the Four Freedoms as absolutely non-negotiable.
One of them said short-term losses due to a hard Brexit were preferrable to letting Britain choose which freedoms they want to follow, because that would have worse long-term implications.
EDIT: Beaten by Shiggy.
One of them said short-term losses due to a hard Brexit were preferrable to letting Britain choose which freedoms they want to follow, because that would have worse long-term implications.
EDIT: Beaten by Shiggy.
This was quite logical for a lot of people. Most rational people don't want to see the EU crumble because they understand that the economic consequences of that could be quite catastrophic.
This article is full of backhanded savagery.
"Jeremy Wright is a very worthy barrister. He may not be a fellow of All Souls or even of Hertford College, Oxford, but he is at least a graduate of Exeter University."
What an upper-class slam.
"Indeed, if he were in fact to lead the Government's legal team (in the sense, as it is invariably understood in legal circles, to mean appearing as the leading Queen's Counsel in a case) it might even lay him open to the charge that he is in breach of rule C21.8 of the Barristers' Code of Conduct which provides that a barrister should not act in a case when he is:
"... not competent to handle the particular matter or otherwise [does] not have enough experience to handle the matter;"
Ether.
Marmite, Persil, and Pot Noodles.
Tesco.com has discontinued all unilever products.
Joining the single market in 93 was a major driver of growth. Then we had a housing bubble, the dot com bubble, another housing bubble etc
Starwolf_UK
Member
I'm sure I heard that one a while back about pledges still applying so still having to be paid and all Brexiteers would say is "dont' believe everything you read". Now that there has been an FT study saying the same thing I wonder if they'll still sing the same tune.
Spoiler Yes, yes they will.
Even if everything remain said came to pass they still would.
Not sure why anyone would believe these so called experts #projectfear
anonymous_abc
Member
Control
TAKEBACKCONTROL TAKEBACKCONTROL 350MILLION IMMIGRANTS RAPED MY HAMSTER
To take back control!!!
And we get to see Farages squashed frog face smile and show it's distinctive yellow fangs. EDL E...I mean UKIP
I hope you shouted at some foreign doctors on the way home. Fuck those bastards coming over here and curing our illnesses.
you know it's going well when a fucking Corbyn led Labour can rattle some cages.
jesus this "brexit means brexit" and hard/soft brexit shit is embarrassing. Nobody has a clue.
edit: those questions seem reasonable. I'm actually impressed they managed to cobble so many words together without imploding. They almost look like an opposition.
jesus this "brexit means brexit" and hard/soft brexit shit is embarrassing. Nobody has a clue.
edit: those questions seem reasonable. I'm actually impressed they managed to cobble so many words together without imploding. They almost look like an opposition.
Chmpocalypse
Blizzard
A rather fitting username, I think. : p
Well tbf the labour benches forgot they hated him for a record half an hour so that helps.
Chmpocalypse
Blizzard
god damn it lol
Stallion Dan
Member
Anyone who quits a run the moment the pavement starts to steep upwards is a fool. We're going up a hill but we'll come down a mountain in the end.
Royal_Phalanx
Member
I seriously doubt that brexit will bring about a new age of prosperity and happy people. At best I see it an entirely neutral thing in the long run (and therefore pointless, voted away EU citizenship for...what?). In all likelihood given the noise about companies moving jobs and staff abroad (people in this thread's employers have discussed relocating them) it will be somewhat negative. The UK will be poorer outside of the EU than in even though there is no zombie apocalypse happening outside and stuff is going on mostly normally.
ReplacementPelican
Member
Because the Tories (and UKIP) manipulated and encouraged fear and ignorance in order to win elections and now they've fucked us all over because of a culture they created.
Benefits:
Took back control?
EU Army?
Deglobalisation?
People might be forced to learn something about economics?
Pancake Mix
Copied someone else's pancake recipe
Being able to ignore countries that spend less than half of a percent of their GDP on their military talk about an EU army, that's a really beautiful thing.
Give me a fucking break. Nobody's holding the union to ransom when they're out deal or no deal in 2 years (of non-voting) after triggering Article 50, and being beholden to all EU laws during that period and prior to triggering the article.
I was talking about countries like Canada or Australia. Both are going to need some kind of trade deal as any worked out with the EU will be irrelevant come 2019.
Give me a fucking break. Nobody's holding the union to ransom when they're out deal or no deal in 2 years (of non-voting) after triggering Article 50, and being beholden to all EU laws during that period and prior to triggering the article.
I was talking about countries like Canada or Australia. Both are going to need some kind of trade deal as any worked out with the EU will be irrelevant come 2019.
Then why are the British so angry about the military cooperation of some EU countries which will happen now?
Don't they want to negotiate trade deals with the EU first?
Nope. Prices work by demand. The pound was uncompetitive at higher prices because demand was falling.
That's really 'it'.
The pound is where it should be in a normal world when you look at current interest and inflation rates. Some need to realise interest rates of 0.5-0.25 are not the norm and are not sustainable in the medium to long-term. It was artificially high because investors saw it as a safe haven as our government has its own money printers and the EU looked to be going down the pan.
The Brexit vote removed the safe haven status for investors and the pound is where it should be when you look at the other fiscal factors which drive it.
Oh it's all down hill from here alright
Semi-related to this, but I'm looking for a newspaper to subscribe to (or just read, if subscription isn't necessary). I know the obvious ones to avoid - any suggestions for relatively unbiased political coverage? Is FT worth it considering the F part isn't of much value to me personally? The Guardian or Independent perhaps?
TAKING BACK CONTROL!!!!!!!!
INMERGANTS TAKING MY JOB.
WE MUST INVOKE 50 ARTICLES NOW!!!!
Of course not.
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