Discussion
RYH64E said:
Speaking as a 'Remainer', I make my living from trade, it's people like me who make stuff, employ people (people from the UK, Poland, Lithuania, Ireland and Romania in my case), pay taxes, and keep the country going, if the UK fails it's because we've failed and I'd sooner neither happened. Though if neither happens, it will be despite the idiotic decision taken last week and not because of it. You may find it infuriating, there will be many people in the City and elsewhere contemplating the loss of their lucrative jobs who find last week's decision even more infuriating.
What do you produce ?Stickyfinger said:
RYH64E said:
Speaking as a 'Remainer', I make my living from trade, it's people like me who make stuff, employ people (people from the UK, Poland, Lithuania, Ireland and Romania in my case), pay taxes, and keep the country going, if the UK fails it's because we've failed and I'd sooner neither happened. Though if neither happens, it will be despite the idiotic decision taken last week and not because of it. You may find it infuriating, there will be many people in the City and elsewhere contemplating the loss of their lucrative jobs who find last week's decision even more infuriating.
What do you produce ?EarlOfHazard said:
FiF said:
Heard that New Zealand in addition to making an offer about trade deals has recognised that due to UK effectively outsourcing trade negotiations to the EU is now going to need trained and experienced negotiators. Offered to lend resources for negotiations and training. Of course people will have their views about this, positive and negative, but it's perhaps an example of people saying we are where we are, make this work and do what is necessary, as opposed to continual self fulfilling destructive sniping.
I feel that the Remainers would rather the UK fail, so that they can point and say 'we told you so'.Absolutely no good news on Brexit and its potential benefits - of course why would the BBC et al broadcast this as they wanted to stay in the EU. It's all pretty infuriating.
http://www.telegraph.co.uk/business/2016/06/29/was...
turbobloke said:
Stickyfinger said:
RYH64E said:
Speaking as a 'Remainer', I make my living from trade, it's people like me who make stuff, employ people (people from the UK, Poland, Lithuania, Ireland and Romania in my case), pay taxes, and keep the country going, if the UK fails it's because we've failed and I'd sooner neither happened. Though if neither happens, it will be despite the idiotic decision taken last week and not because of it. You may find it infuriating, there will be many people in the City and elsewhere contemplating the loss of their lucrative jobs who find last week's decision even more infuriating.
What do you produce ?
hornetrider said:
///ajd said:
rscott said:
AJS- said:
Camoradi said:
Am I correct in my understanding that for goods coming from the EU to UK, EG a nice shiny BMW at £50k, the tariff would be imposed and collected by the UK government? So a nice £5k to spend on nurses wages
Yes. But we don't have to reciprocate whatever tariffs they choose to impose. I'm generally in favour of just getting rid of tariffs and letting other countries do as they please.All so predictable.
Care to point out the obvious flaw in your one eyed vision of the future?
mike9009 said:
The pound devaluing will not help. It will mean commodities will all increase in cost as all are traded in USD. Definitely wont help our current iron and steel industry which relies heavily on raw materials, at present. It will more likely help the service industries which export.
Most iron and steel manufacturers in the UK (and there aren't many) use recycled steel as their RM, much of which is sourced in the UK. But of course, imports wont be helped if £weakens vs the dollar, but many have held an opinion that the £'s strength vs the Euro has not been universally helpful.
The point I was making is that if they impose tarrifs on the UK, we can counter the effect with other measures.
Devaluing is one way, corp tax cuts the other, etc.
EarlOfHazard said:
I feel that the Remainers would rather the UK fail, so that they can point and say 'we told you so'.
Absolutely no good news on Brexit and its potential benefits - of course why would the BBC et al broadcast this as they wanted to stay in the EU. It's all pretty infuriating.
What's the Daily Mail saying?Absolutely no good news on Brexit and its potential benefits - of course why would the BBC et al broadcast this as they wanted to stay in the EU. It's all pretty infuriating.
"KimYe holidaying in Skegness this year because GBP now so cheap!"?
It's a bit embarrassing to read the views of people from outside the UK / Europe on Brexit etc.
The Yanks in particular, a lot of the comments I read online from them are based on the very misrepresented statements and interviews provided by the BBC and others.
Their view must pretty much be 'Britain leaves Europe but still wants all of the money and trade..' Or something like that.
To be fair, it's probably not far away from how we view Trump, he's portrayed as a bit of a joke, with crazy statements and an air of patriotic nationalism but I imagine for people living in America and with an interest in politics, there's a lot more to it than meets our eyes.
The Yanks in particular, a lot of the comments I read online from them are based on the very misrepresented statements and interviews provided by the BBC and others.
Their view must pretty much be 'Britain leaves Europe but still wants all of the money and trade..' Or something like that.
To be fair, it's probably not far away from how we view Trump, he's portrayed as a bit of a joke, with crazy statements and an air of patriotic nationalism but I imagine for people living in America and with an interest in politics, there's a lot more to it than meets our eyes.
Just getting round to reading this:
"Consumer sentiment has fallen seven points, from 111.9 to 104.3, in the four days following the Brexit result and to its lowest level in more than three years, according to the latest YouGov data. Stephen Harmston, head of YouGov Reports said: “Consumer confidence has collapsed since the vote to leave the EU. Four days of uncertainty has wiped out the gains made over the last three years… It has not yet reached the depths of the financial crisis in 2008 but we expect it to decline further as some of the consequences of Brexit kick-in.” "
But obviously it's all the BBC's fault.
"Consumer sentiment has fallen seven points, from 111.9 to 104.3, in the four days following the Brexit result and to its lowest level in more than three years, according to the latest YouGov data. Stephen Harmston, head of YouGov Reports said: “Consumer confidence has collapsed since the vote to leave the EU. Four days of uncertainty has wiped out the gains made over the last three years… It has not yet reached the depths of the financial crisis in 2008 but we expect it to decline further as some of the consequences of Brexit kick-in.” "
But obviously it's all the BBC's fault.
walm said:
Just getting round to reading this:
"Consumer sentiment has fallen seven points, from 111.9 to 104.3, in the four days following the Brexit result and to its lowest level in more than three years, according to the latest YouGov data. Stephen Harmston, head of YouGov Reports said: “Consumer confidence has collapsed since the vote to leave the EU. Four days of uncertainty has wiped out the gains made over the last three years… It has not yet reached the depths of the financial crisis in 2008 but we expect it to decline further as some of the consequences of Brexit kick-in.” "
But obviously it's all the BBC's fault.
Better we have a small adjustment now then be tied into sinking ship with the massive adjustment coming when the PIIGS fails and we see the Euro and EU fall apart."Consumer sentiment has fallen seven points, from 111.9 to 104.3, in the four days following the Brexit result and to its lowest level in more than three years, according to the latest YouGov data. Stephen Harmston, head of YouGov Reports said: “Consumer confidence has collapsed since the vote to leave the EU. Four days of uncertainty has wiped out the gains made over the last three years… It has not yet reached the depths of the financial crisis in 2008 but we expect it to decline further as some of the consequences of Brexit kick-in.” "
But obviously it's all the BBC's fault.
superlightr said:
walm said:
Just getting round to reading this:
"Consumer sentiment has fallen seven points, from 111.9 to 104.3, in the four days following the Brexit result and to its lowest level in more than three years, according to the latest YouGov data. Stephen Harmston, head of YouGov Reports said: “Consumer confidence has collapsed since the vote to leave the EU. Four days of uncertainty has wiped out the gains made over the last three years… It has not yet reached the depths of the financial crisis in 2008 but we expect it to decline further as some of the consequences of Brexit kick-in.” "
But obviously it's all the BBC's fault.
Better we have a small adjustment now then be tied into sinking ship with the massive adjustment coming when the PIIGS fails and we see the Euro and EU fall apart."Consumer sentiment has fallen seven points, from 111.9 to 104.3, in the four days following the Brexit result and to its lowest level in more than three years, according to the latest YouGov data. Stephen Harmston, head of YouGov Reports said: “Consumer confidence has collapsed since the vote to leave the EU. Four days of uncertainty has wiped out the gains made over the last three years… It has not yet reached the depths of the financial crisis in 2008 but we expect it to decline further as some of the consequences of Brexit kick-in.” "
But obviously it's all the BBC's fault.
Brexit doesn't sever the economic ties.
walm said:
Just getting round to reading this:
"Consumer sentiment has fallen seven points, from 111.9 to 104.3, in the four days following the Brexit result and to its lowest level in more than three years, according to the latest YouGov data. Stephen Harmston, head of YouGov Reports said: “Consumer confidence has collapsed since the vote to leave the EU. Four days of uncertainty has wiped out the gains made over the last three years… It has not yet reached the depths of the financial crisis in 2008 but we expect it to decline further as some of the consequences of Brexit kick-in.” "
But obviously it's all the BBC's fault.
Despite your best attempts to assist the BBC, the stock market is rising."Consumer sentiment has fallen seven points, from 111.9 to 104.3, in the four days following the Brexit result and to its lowest level in more than three years, according to the latest YouGov data. Stephen Harmston, head of YouGov Reports said: “Consumer confidence has collapsed since the vote to leave the EU. Four days of uncertainty has wiped out the gains made over the last three years… It has not yet reached the depths of the financial crisis in 2008 but we expect it to decline further as some of the consequences of Brexit kick-in.” "
But obviously it's all the BBC's fault.
The Pound is rising.
All the market indicators are positive.
Those of you who are so desperate to talk down the UK are failing in your mission.
don4l said:
All the market indicators are positive.
Those of you who are so desperate to talk down the UK are failing in your mission.
Gilt yields?Those of you who are so desperate to talk down the UK are failing in your mission.
Consumer confidence?
To cherry pick the FTSE 100 and say "the £ is rising so everything is alright" is looking at the economic situation through extremely rose tinted glasses.
It's a fact that the £ is extremely low against the US Dollar and Chinese Yuan, despite small gains in recent days and gilt yields are at all time lows. It's also a fact that consumer confidence has been set back several years to levels last seen in the aftermath of the financial crisis.
And it's worth bearing in mind that this is the situation before we know what Brexit looks like - as far as I can see it's just as much a possibility that things will get worse rather than better as the exit is finalised.
Edited by youngsyr on Thursday 30th June 11:28
youngsyr said:
Gilt yields?
Consumer confidence?
To cherry pick the FTSE 100 and say "the £ is rising so everything is alright" is looking at the economic situation through extremely rose tinted glasses.
Aren't historic low gilt yields a significant indicator of longer term confidence? After all, at the current rates people are paying the government in order to lend to them. Consumer confidence?
To cherry pick the FTSE 100 and say "the £ is rising so everything is alright" is looking at the economic situation through extremely rose tinted glasses.
there is only one deal I can see that would really work...
stay in EU, but with an agreement to review the policy of free movement, and change it to free movement of labour.
Though Junker may hate this, I think given the current trends in the EU, most other states would go for this.
It would be a long game to play, but there is not a credible alternative.
The EU is not going to let us use the common market without free movement currently. Outside the EU, or with our departure imminent, we have no leverage to make this happen.
And if we do stay, for heaven's sake lets do away with UKIP and actually put some people into EU who represent us and aren't just there to make the world hate us!
It is ironic that the party(UKIP) that has tried so vehemently to get us to leave the EU have created a situation in which the EU does not want to work with us, and so will in all probability prevent us from leaving by cutting off our access to the common market.
stay in EU, but with an agreement to review the policy of free movement, and change it to free movement of labour.
Though Junker may hate this, I think given the current trends in the EU, most other states would go for this.
It would be a long game to play, but there is not a credible alternative.
The EU is not going to let us use the common market without free movement currently. Outside the EU, or with our departure imminent, we have no leverage to make this happen.
And if we do stay, for heaven's sake lets do away with UKIP and actually put some people into EU who represent us and aren't just there to make the world hate us!
It is ironic that the party(UKIP) that has tried so vehemently to get us to leave the EU have created a situation in which the EU does not want to work with us, and so will in all probability prevent us from leaving by cutting off our access to the common market.
Sway said:
youngsyr said:
Gilt yields?
Consumer confidence?
To cherry pick the FTSE 100 and say "the £ is rising so everything is alright" is looking at the economic situation through extremely rose tinted glasses.
Aren't historic low gilt yields a significant indicator of longer term confidence? After all, at the current rates people are paying the government in order to lend to them. Consumer confidence?
To cherry pick the FTSE 100 and say "the £ is rising so everything is alright" is looking at the economic situation through extremely rose tinted glasses.
Low gilt yields with a weakening currency are a sign of an expectation of lower interest rates.
Edited by youngsyr on Thursday 30th June 11:33
sidicks said:
youngsyr said:
Gilt yields?
Consumer confidence?
To cherry pick the FTSE 100 and say "the £ is rising so everything is alright" is looking at the economic situation through extremely rose tinted glasses.
How do our government bond yields compare to someone like Germany, for example...?Consumer confidence?
To cherry pick the FTSE 100 and say "the £ is rising so everything is alright" is looking at the economic situation through extremely rose tinted glasses.
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