The economic consequences of Brexit

[Derek Smith]

davepoth said:

Worse after 5 but I think better after 10.

Probably worse off after five years, according to most pundits, no one has a clue after 10, it is all guesswork.

[Sam All]

Puggit said:

Crafty_ said:

I think we can expect the EU to come doyen on us hard to discourage other countries from even thinking about leaving and as a result our economy will suffer badly.

Which is, of course, a great reason for leaving. Who wants to be a member of a club which treats its citizens with such disdain?

Other EU members might not like the new security at the jail.

[Sheets Tabuer]

Just had a call from Dell, price increases from 1st of July and we're looking at a 15% increase.

[jjlynn27]

Sheets Tabuer said:

Just had a call from Dell, price increases from 1st of July and we're looking at a 15% increase.

We had 'price increase call' but no percentages. Thanks.

[shakotan]

Sheets Tabuer said:

Just had a call from Dell, price increases from 1st of July and we're looking at a 15% increase.

I would suggest that the main reason there is opportunism.

[kiethton]

shakotan said:

Sheets Tabuer said:

Just had a call from Dell, price increases from 1st of July and we're looking at a 15% increase.

I would suggest that the main reason there is opportunism.

Far from it, I trust you've seen the GBP/USD chart?

That price increase only leaves a marginal price increase after you've debased the sale value to the component cost currency...

[jjlynn27]

shakotan said:

Sheets Tabuer said:

Just had a call from Dell, price increases from 1st of July and we're looking at a 15% increase.

I would suggest that the main reason there is opportunism.

I'd say that you are wrong, but even if you weren't, how would that change things? How will that make things better?

[oyster]

2 of my clients have already put projects on hold indefinitely.
That means several jobs I was about to recruit for now won't exist.


I can't be the only one in that position.

[Jonno02]

[Blue Cat]

Unless we get a decent plan and a strong leader quite quickly, I can only see things getting worse

[sealtt]

Jonno02 said:

I think GBPUSD is a better indicator, more real economy money driving it.

http://www.xe.com/currencycharts/?from=GBP&to=...

[Murph7355]

sealtt said:

I think GBPUSD is a better indicator, more real economy money driving it.

http://www.xe.com/currencycharts/?from=GBP&to=...

[Ste1987]

Blue Cat said:

Unless we get a decent plan and a strong leader quite quickly, I can only see things getting worse

And this is the problem; why didn't we have a plan in the first place?

[WinstonWolf]

Murph7355 said:

sealtt said:

I think GBPUSD is a better indicator, more real economy money driving it.

http://www.xe.com/currencycharts/?from=GBP&to=...

Since 1953?

[Chicken Chaser]

I don't think anything can be judged by the first weeks of it, the only ones benefiting will be traders who are picking the right horse at the right time. I am pleased to see it recover a way from the beginning of the week just to ps off the BBC who were reporting the beginning of the end on Friday. aholes

[V8RX7]

WinstonWolf said:

Murph7355 said:

sealtt said:

I think GBPUSD is a better indicator, more real economy money driving it.

http://www.xe.com/currencycharts/?from=GBP&to=...

Since 1953?

It's funny how people manipulate dates and/or scales to suit their argument.

[jjlynn27]

WinstonWolf said:

Murph7355 said:

sealtt said:

I think GBPUSD is a better indicator, more real economy money driving it.

http://www.xe.com/currencycharts/?from=GBP&to=...

Since 1953?

1week



1mnt

[jjlynn27]

contango said:

The problem will be economic conditions over the next couple of years will be compared with those of the last few years.
I expected a mild global recession anyway.

It looks as if Europe is letting some of the news out that was being held back prior to the Brexit vote...?


"Germany just blew up Italy's bank bailout plan".

http://www.zerohedge.com/news/2016-06-29/germany-j...

Look at £ go against the €....

The UK may well have got out of Europe at the right time!

Seriously that zerohedge is so full of st. It was already linked today as a undeniable proof that EU is creating army, when the document linked said nothing of the kind.

[PorkInsider]

oyster said:

2 of my clients have already put projects on hold indefinitely.
That means several jobs I was about to recruit for now won't exist.


I can't be the only one in that position.

You're not.

I posted about one of mine yesterday (in the Boris thread).

Had a conf. call with another client this morning regarding a project that's at the inception stage. They're getting cold feet despite the fact that the quote was accepted a couple of weeks ago and they've hired contractors to start work with us in July. This client isn't overly worried about the EU, per se, but they're highly exposed to the weak pound, unfortunately.

We're recruiting at the moment, as we were getting very busy, but it looks like we'll probably manage without more staff now.

[WinstonWolf]

And one day...