Post-Brexit Thread

[1andrew1]

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.

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.

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.

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.

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.

First legal challenge against Brexit rejected in Northern Ireland.

http://news.sky.com/story/northern-i...rexit-10635171

[1andrew1]

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.

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.

[pip08456]

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.

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.

[Osem]

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.

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.

[Kursk]

Originally Posted by papa smurf

unlike some who troll the net looking for negativity .

I knew this thread was missing something. Can anyone find a doom-laden graph to spoil the party please? No, really, don't bother

[papa smurf]

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.

i know what you mean [financial times my bottom ]

[papa smurf]

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

can they what

[Kursk]

Originally Posted by papa smurf

can they what

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.

[papa smurf]

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.

you might as well be speaking Latin

[Kursk]

Originally Posted by papa smurf

Nicely summed up Papa. Every picture tells a story.

[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.

[1andrew1]

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.

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/