The economic consequences of Brexit
Poll: The economic consequences of Brexit
Total Members Polled: 732
Discussion
don4l said:
It is basic economics that it is better to manfufacture than to import.
It really really isn't. If you can import a product that cheaper/better than you can make it, you would be causing huge inefficiencies by trying to making it yourself. It's much better to focus on something that you can make better than everyone else.
That is basic economics.
NAS said:
don4l said:
It is basic economics that it is better to manfufacture than to import.
It really really isn't. If you can import a product that cheaper/better than you can make it, you would be causing huge inefficiencies by trying to making it yourself. It's much better to focus on something that you can make better than everyone else.
That is basic economics.
There are also, strategic and social considerations too. The conventional, straight, buy vs. make decision does not easily include contingencies for welfare payments, less still regional social unrest and diaspora.
Greg66 said:
don4l said:
Once again, you were expecting immediate consequences.
There has been huge growth after "the Brexit vote".
It is really odd. If I make a prediction that turns out to be wrong, and especially if it turns out to be monumentally wrong, then I take a step back and re-evualate my position.
You made predictions that were wrong.
Those are two of the most gigantic lies you have peddled during your time on this forum. And that's saying something, because you've really spouted some absolute whoppers. There has been huge growth after "the Brexit vote".
It is really odd. If I make a prediction that turns out to be wrong, and especially if it turns out to be monumentally wrong, then I take a step back and re-evualate my position.
You made predictions that were wrong.
When you are caught with your lying trousers round your ankles smack bang in the middle of the park, your MO is to skulk off into the bushes, wait for things to move on, and then return more brazen than ever.
In this mini dialogue you've utterly shamelessly and dishonestly segued from talking about Brexit to the Brexit vote as if there is no difference between them.
To adopt your classic posting style:
I can't believe anyone is so stupid as to believe that.
Which means you've been completely dishonest.
Or are you just that stupid?
Which is it? Incredibly stupid, or outlandishly dishonest?
We know that words are your "thing". Nor are numbers your "thing". And you admit you don't understand finance. You have a good grasp of the WEEE Regulations though, and the £500 or so a year they cost your business which seems (on your account) to have placed it on the very of some sort of permanent financial calamity.
So whatever you are, we can add ill-informed to the list.
And if you really believe that the EU hasn't been planning the destruction of the banking industry in London since the vote, you must be stupid. Perhaps you're ill-informed, stupid and dishonest.
Who knows? Who cares? Not me.
If you do deny that you wrote them, then I will provide direct links to the posts.
Prior to the Brexit vote, you clearly believed that there would be immediate negative consequences if the Leave campaign won. Now, when all the evidence proves that you were wrong, you are trying to move the goalposts.
Furthermore, I am much better than average at "numbers". Being good at numbers does not mean that you are an expert in the derivitive markets, or hedge funds.
Just back from Greece.
Every time I took 400 Euros out of the cash machine on the island I was being charged north of £380.
Apparently some of the UK airports were offering 99c to for £1 whilst I was over there.
Made the trip VERY expensive.
As for taking the Mrs to NY on a long-promised trip sod that until the £ recovers.
Every time I took 400 Euros out of the cash machine on the island I was being charged north of £380.
Apparently some of the UK airports were offering 99c to for £1 whilst I was over there.
Made the trip VERY expensive.
As for taking the Mrs to NY on a long-promised trip sod that until the £ recovers.
NAS said:
don4l said:
It is basic economics that it is better to manfufacture than to import.
It really really isn't. If you can import a product that cheaper/better than you can make it, you would be causing huge inefficiencies by trying to making it yourself. It's much better to focus on something that you can make better than everyone else.
That is basic economics.
But to be more specific you should focus on something you can make better than you can make other stuff.
don4l said:
Greg66 said:
Those are two of the most gigantic lies you have peddled during your time on this forum. And that's saying something, because you've really spouted some absolute whoppers.
When you are caught with your lying trousers round your ankles smack bang in the middle of the park, your MO is to skulk off into the bushes, wait for things to move on, and then return more brazen than ever.
In this mini dialogue you've utterly shamelessly and dishonestly segued from talking about Brexit to the Brexit vote as if there is no difference between them.
To adopt your classic posting style:
I can't believe anyone is so stupid as to believe that.
Which means you've been completely dishonest.
Or are you just that stupid?
Which is it? Incredibly stupid, or outlandishly dishonest?
We know that words are your "thing". Nor are numbers your "thing". And you admit you don't understand finance. You have a good grasp of the WEEE Regulations though, and the £500 or so a year they cost your business which seems (on your account) to have placed it on the very of some sort of permanent financial calamity.
So whatever you are, we can add ill-informed to the list.
And if you really believe that the EU hasn't been planning the destruction of the banking industry in London since the vote, you must be stupid. Perhaps you're ill-informed, stupid and dishonest.
Who knows? Who cares? Not me.
<snip>When you are caught with your lying trousers round your ankles smack bang in the middle of the park, your MO is to skulk off into the bushes, wait for things to move on, and then return more brazen than ever.
In this mini dialogue you've utterly shamelessly and dishonestly segued from talking about Brexit to the Brexit vote as if there is no difference between them.
To adopt your classic posting style:
I can't believe anyone is so stupid as to believe that.
Which means you've been completely dishonest.
Or are you just that stupid?
Which is it? Incredibly stupid, or outlandishly dishonest?
We know that words are your "thing". Nor are numbers your "thing". And you admit you don't understand finance. You have a good grasp of the WEEE Regulations though, and the £500 or so a year they cost your business which seems (on your account) to have placed it on the very of some sort of permanent financial calamity.
So whatever you are, we can add ill-informed to the list.
And if you really believe that the EU hasn't been planning the destruction of the banking industry in London since the vote, you must be stupid. Perhaps you're ill-informed, stupid and dishonest.
Who knows? Who cares? Not me.
Furthermore, I am much better than average at "numbers".
<snip>
Thank you. That is much clearer now.
AC43 said:
Just back from Greece.
Every time I took 400 Euros out of the cash machine on the island I was being charged north of £380.
Apparently some of the UK airports were offering 99c to for £1 whilst I was over there.
Made the trip VERY expensive.
As for taking the Mrs to NY on a long-promised trip sod that until the £ recovers.
Perhaps you should get a 0 commission credit card such as the Halifax Clarity rather than pay others to provide cash?Every time I took 400 Euros out of the cash machine on the island I was being charged north of £380.
Apparently some of the UK airports were offering 99c to for £1 whilst I was over there.
Made the trip VERY expensive.
As for taking the Mrs to NY on a long-promised trip sod that until the £ recovers.
I was in Florida in June and the drop in the value of the £ would have added around £150 to a holiday that cost £4k; not the end of the world in my view and ive booked New York for November.
AC43 said:
As for taking the Mrs to NY on a long-promised trip sod that until the £ recovers.
Just show your Mrs this thread, I'm sure she will understand the devaluation of the £ is a good thing. Let her see that travelling overseas is bad for the UK and all her dreams are actually in the Uk.Good luck
AC43 said:
Just back from Greece.
Every time I took 400 Euros out of the cash machine on the island I was being charged north of £380.
Apparently some of the UK airports were offering 99c to for £1 whilst I was over there.
Made the trip VERY expensive.
As for taking the Mrs to NY on a long-promised trip sod that until the £ recovers.
You have to be a moron if you buy currency on spec at the airport, they always ream you.Every time I took 400 Euros out of the cash machine on the island I was being charged north of £380.
Apparently some of the UK airports were offering 99c to for £1 whilst I was over there.
Made the trip VERY expensive.
As for taking the Mrs to NY on a long-promised trip sod that until the £ recovers.
The point you make highlights just how bad the Euro has been for the Greek economy, they need a much cheaper currency if they sre ever going to attract the numbers of tourists they need to balance the books. Until they leave the Euro they are well and truly buggered.
AC43 said:
Just back from Greece.
Every time I took 400 Euros out of the cash machine on the island I was being charged north of £380.
Apparently some of the UK airports were offering 99c to for £1 whilst I was over there.
Made the trip VERY expensive.
As for taking the Mrs to NY on a long-promised trip sod that until the £ recovers.
Every time I took 400 Euros out of the cash machine on the island I was being charged north of £380.
Apparently some of the UK airports were offering 99c to for £1 whilst I was over there.
Made the trip VERY expensive.
As for taking the Mrs to NY on a long-promised trip sod that until the £ recovers.
Just back from there myself. 400€ cost me £347. Still seemed cheap out there anyway.
And the exchange rate is the least of your financial worries if you're going to NYC.
I know the remainers were worried about the house builder market so thought I'd post this (don't think it's been posted yet).
http://www.telegraph.co.uk/business/2016/08/23/per...
http://www.telegraph.co.uk/business/2016/08/23/per...
Jockman said:
youngsyr said:
Derek Smith said:
...
I won't save much in fuel as I'll only drive locally, and for a few days, and pay for the car hire at the new rate of exchange. We've got trips planned: Pompeii being one destination I'm really looking forward to. I couldn't pay for the trips before I went so now have to fork out at the new conversion rate. Then there're the taxes, again which I pay once there.
Word of advice Derek - Pompeii is spectacular, but it's also like walking around a stone oven in the Mediterranean sun. Take a frozen bottle of water, an umbrella for shade and try to visit early morning/late evening if possible.I won't save much in fuel as I'll only drive locally, and for a few days, and pay for the car hire at the new rate of exchange. We've got trips planned: Pompeii being one destination I'm really looking forward to. I couldn't pay for the trips before I went so now have to fork out at the new conversion rate. Then there're the taxes, again which I pay once there.
You're about to find out how small people were in those days.
fblm said:
Derek Smith said:
If the value of the £ was at a certain level then this would have been based on, perhaps, greater performance by the UK in comparison to those in the Eurozone. In other words, we worked for it.
You remainers seem keen on 'experts' so perhaps it's worth noting the IMF said GBP was 12-18% overvalued prior to Brexit and is still overvalued now! Regarding your european trip perhaps some perspective is needed... EURGBP back to the bad old days of 2013!But thanks for posting it. If the subject ever come up, I'll know where to look.
London424 said:
I know the remainers were worried about the house builder market so thought I'd post this (don't think it's been posted yet).
http://www.telegraph.co.uk/business/2016/08/23/per...
Well we're going to need more houses to accommodate all fhe Eastern Europeans that move here prior to Brexit.http://www.telegraph.co.uk/business/2016/08/23/per...
London424 said:
I know the remainers were worried about the house builder market so thought I'd post this (don't think it's been posted yet).
http://www.telegraph.co.uk/business/2016/08/23/per...
Persimon ought to be able to make a few quid; just look at the chart I posted earlier. Half of their SME competitors went to the wall in the GFC.http://www.telegraph.co.uk/business/2016/08/23/per...
Derek Smith said:
So? The vote has affected the value of the £. You feel it was overvalued yet if we'd voted to remain it would probably have gone up in value. The graph is all very well, and I hope it makes you feel like an expert by posting it, but it has nothing to do with what I said.
But thanks for posting it. If the subject ever come up, I'll know where to look.
You were whining about the cost of your holiday going up due to Brexit. The graph was simply to provide you some perspective. But thanks for posting it. If the subject ever come up, I'll know where to look.
jsf said:
AC43 said:
Just back from Greece.
Every time I took 400 Euros out of the cash machine on the island I was being charged north of £380.
Apparently some of the UK airports were offering 99c to for £1 whilst I was over there.
Made the trip VERY expensive.
As for taking the Mrs to NY on a long-promised trip sod that until the £ recovers.
You have to be a moron if you buy currency on spec at the airport, they always ream you.Every time I took 400 Euros out of the cash machine on the island I was being charged north of £380.
Apparently some of the UK airports were offering 99c to for £1 whilst I was over there.
Made the trip VERY expensive.
As for taking the Mrs to NY on a long-promised trip sod that until the £ recovers.
The point you make highlights just how bad the Euro has been for the Greek economy, they need a much cheaper currency if they sre ever going to attract the numbers of tourists they need to balance the books. Until they leave the Euro they are well and truly buggered.
And yes it's a double whammy - the Greeks are totally shagged by the politics and policies around the Euro and I've had my currency shagged by Brexit.
Let's hope it's a short term thing. Although at the rate the BoE are going to have to print money during the years of uncertainty ahead I'm not holding my breath.
AC43 said:
jsf said:
AC43 said:
Just back from Greece.
Every time I took 400 Euros out of the cash machine on the island I was being charged north of £380.
Apparently some of the UK airports were offering 99c to for £1 whilst I was over there.
Made the trip VERY expensive.
As for taking the Mrs to NY on a long-promised trip sod that until the £ recovers.
You have to be a moron if you buy currency on spec at the airport, they always ream you.Every time I took 400 Euros out of the cash machine on the island I was being charged north of £380.
Apparently some of the UK airports were offering 99c to for £1 whilst I was over there.
Made the trip VERY expensive.
As for taking the Mrs to NY on a long-promised trip sod that until the £ recovers.
The point you make highlights just how bad the Euro has been for the Greek economy, they need a much cheaper currency if they sre ever going to attract the numbers of tourists they need to balance the books. Until they leave the Euro they are well and truly buggered.
And yes it's a double whammy - the Greeks are totally shagged by the politics and policies around the Euro and I've had my currency shagged by Brexit.
Let's hope it's a short term thing. Although at the rate the BoE are going to have to print money during the years of uncertainty ahead I'm not holding my breath.
London424 said:
AC43 said:
jsf said:
AC43 said:
Just back from Greece.
Every time I took 400 Euros out of the cash machine on the island I was being charged north of £380.
Apparently some of the UK airports were offering 99c to for £1 whilst I was over there.
Made the trip VERY expensive.
As for taking the Mrs to NY on a long-promised trip sod that until the £ recovers.
You have to be a moron if you buy currency on spec at the airport, they always ream you.Every time I took 400 Euros out of the cash machine on the island I was being charged north of £380.
Apparently some of the UK airports were offering 99c to for £1 whilst I was over there.
Made the trip VERY expensive.
As for taking the Mrs to NY on a long-promised trip sod that until the £ recovers.
The point you make highlights just how bad the Euro has been for the Greek economy, they need a much cheaper currency if they sre ever going to attract the numbers of tourists they need to balance the books. Until they leave the Euro they are well and truly buggered.
And yes it's a double whammy - the Greeks are totally shagged by the politics and policies around the Euro and I've had my currency shagged by Brexit.
Let's hope it's a short term thing. Although at the rate the BoE are going to have to print money during the years of uncertainty ahead I'm not holding my breath.
Moneycorp will do Euros at 1.14 to the £ if you book it right now,they'll hold it at that rate (could of course go up!) until you pick it up.
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