The economic consequences of Brexit
Poll: The economic consequences of Brexit
Total Members Polled: 732
Discussion
ATG said:
You do not know what you're taking about.
On the one hand we have people from both "sides" discussing the economic pros and cons, and on the other we have people wittering on about how the other side looks, whether or not they are patriotic, wet their beds, blah, blah, blah.
Most people seem to think the pre-referendum debates and campaigns were an unedifying mess. We don't need to continue that stupidity. Posting links to obviously daft articles doesn't help. It doesn't matter if they're in the Express or the Guardian. Distorted s
te is distorted ste.
I'm not sure what you mean "I don't know what I'm talking about"? All I've done is posted an article.On the one hand we have people from both "sides" discussing the economic pros and cons, and on the other we have people wittering on about how the other side looks, whether or not they are patriotic, wet their beds, blah, blah, blah.
Most people seem to think the pre-referendum debates and campaigns were an unedifying mess. We don't need to continue that stupidity. Posting links to obviously daft articles doesn't help. It doesn't matter if they're in the Express or the Guardian. Distorted s
te is distorted ste.You're quite right about the idea that the campaigning should stop - I have pointed this out several times. In a different thread, ajd said he will continue campaigning - although he couldn't say for what. (He often says things and then can't explain what he means). Until the remain side stop the silliness, articles such as the one I've posted will continue to be written and then posted.
I was criticised for posting an article from the express a week or two ago. When I asked what sources I should be using, nobody answered.
PurpleMoonlight said:
Ah, the 'It'll be fine' justification again.
The world is a very different place now than it was in the 1960's.
Perhaps you should talk to someone who has been in bedsit land post divorce and see if they would like to return there.
Are you saying that whilst in the EU nobody ends up in that situation? The world is a very different place now than it was in the 1960's.
Perhaps you should talk to someone who has been in bedsit land post divorce and see if they would like to return there.
don4l said:
jjlynn27 said:
Gotta love when OAPs of PH give economic advice to Carney. Comedy gold.
Do you not like OAP's?It would appear that age discrimination more acceptable than racism on PH.
My Dad chose to vote the same way we did as at his age he would be unaffected by the result.
Seems fair enough.
joscal said:
How ironic http://news.sky.com/story/european-leaders-outline...
Do they have any idea what is really happening outside the 5 star hotels? I sadly don't think so.
Amazing, it takes the threat of a country leaving for the EU to suddenly realise that a) their people aren't totally in love with what they're doing, b) terrorism has increased since Germany unilaterally decided to throw open it's borders regardless of the consequences for their partner nations, and c) they need to do something about youth unemployment which has been disproportionate in several member states for many years.Do they have any idea what is really happening outside the 5 star hotels? I sadly don't think so.
Edited by joscal on Monday 22 August 22:33
I can't help but think this underlines what some of the smaller players have been saying, namely that "hey, our votes count as well" in response to the way Germany/France/etc appear to take the lead on what policies are discussed prior to the EU summit meetings.
And, typical of SKY reporting of late, there's a final comment about delaying Article 50. But what really tickled me was the comment that although Renzi (Italy) insisted it should be triggered immediately he is now apparently backing down in return for Germany turning a blind eye to Italy's budget deficit problems. That's either imaginative reporting or financial rules mean nothing in this club. And they wonder why the Euro staggers from crisis to crisis ?
Edited by b2hbm on Tuesday 23 August 07:04
bmw535i said:
Anecdotal alert; was at Strensham services just after 9am on Saturday and have never seen the place so busy. Often pass through there around that hour to go mountain biking at Bike Park Wales in Merthyr and it's never been remotely like this. (On Saturday I'd just popped out for a couple of bottles of Whisky. 
) So perhaps there's some truth in it?
///ajd said:
This was debunked somewhat yesterday by a (pro-Remain) industry economist who said that whilst it is natural that the Referendum might put certain decisions on hold, the very long lead times of infrastructure projects - typically 5 years - meant the current month's figures were not particularly relevant to Brexit.Digga said:
Anecdotal alert; was at Strensham services just after 9am on Saturday and have never seen the place so busy. Often pass through there around that hour to go mountain biking at Bike Park Wales in Merthyr and it's never been remotely like this. (On Saturday I'd just popped out for a couple of bottles of Whisky. ) So perhaps there's some truth in it?
On 2 occasions last week one of my sales guys had to abort 2 stops at services on the M6. No room. Strange. ) So perhaps there's some truth in it?Jockman said:
Digga said:
Anecdotal alert; was at Strensham services just after 9am on Saturday and have never seen the place so busy. Often pass through there around that hour to go mountain biking at Bike Park Wales in Merthyr and it's never been remotely like this. (On Saturday I'd just popped out for a couple of bottles of Whisky. ) So perhaps there's some truth in it?
On 2 occasions last week one of my sales guys had to abort 2 stops at services on the M6. No room. Strange. ) So perhaps there's some truth in it?Watching the number of friend's Facebook posts, holidaying in various parts of the UK, all the beaches and pubs looked packed out. Anecdotal, but possibly indicative.
Digga said:
Jockman said:
Digga said:
Anecdotal alert; was at Strensham services just after 9am on Saturday and have never seen the place so busy. Often pass through there around that hour to go mountain biking at Bike Park Wales in Merthyr and it's never been remotely like this. (On Saturday I'd just popped out for a couple of bottles of Whisky. ) So perhaps there's some truth in it?
On 2 occasions last week one of my sales guys had to abort 2 stops at services on the M6. No room. Strange. ) So perhaps there's some truth in it?Watching the number of friend's Facebook posts, holidaying in various parts of the UK, all the beaches and pubs looked packed out. Anecdotal, but possibly indicative.
Jockman said:
I suppose those that had booked foreign holidays honoured them but those that had not took one look at the exchange rate and decided otherwise?
I'm off to Italy next week. There was a bit on a TV programme about overbooking so went to my travel agent to lay down the law and I was told that bookings were down substantially. REALIST123 said:
Interesting that the EU leaders clearly believe that the EU could be finished by Brexit unless they do something special.
What did you expect? The EU lost one of its substantial states. It would happen in any organisation. Of course they are going to have to reorganise. We must hope, of course, that the EU remains stable for some time. What we don't need is uncertainty while we are in the process of leaving. They are a major export market for us. I doubt, as one has suggested, New Zealand will take up the slack.Derek Smith said:
Jockman said:
I suppose those that had booked foreign holidays honoured them but those that had not took one look at the exchange rate and decided otherwise?
I'm off to Italy next week. There was a bit on a TV programme about overbooking so went to my travel agent to lay down the law and I was told that bookings were down substantially. PurpleMoonlight said:
Ah, the 'It'll be fine' justification again.
The world is a very different place now than it was in the 1960's.
Perhaps you should talk to someone who has been in bedsit land post divorce and see if they would like to return there.
Sometimes you have to go through short term pain to benefit long term.The world is a very different place now than it was in the 1960's.
Perhaps you should talk to someone who has been in bedsit land post divorce and see if they would like to return there.
Speaking from personal experience, I have been in bedsit land two times, on both occasions it was well worth the couple of years of living on beans and not having a pot to piss in to later achieve the good results.
I am not talking about divorce, I am talking about career decisions that meant I was out of work whilst I retrained at my own expense. Then 10 years later found the job was no longer worthwhile so did the same thing again.
The modern world means you are far more likely to experience moments of uncertainty and have to make changes that often have a short term negative impact on your standard of living. Nothing stays static unless you are very very lucky or very very boring.
The EU looks far more like the type of entity that is going backwards and harping after large block political control we saw in the 60's than the UK's forward thinking prospects. If that takes some short term pain in bedsit land, it will be worth it and I'm not afraid of making that choice.
Derek Smith said:
Jockman said:
I suppose those that had booked foreign holidays honoured them but those that had not took one look at the exchange rate and decided otherwise?
I'm off to Italy next week. There was a bit on a TV programme about overbooking so went to my travel agent to lay down the law and I was told that bookings were down substantially. I've just booked for Venice in January so I'll see what exchange rates are like then. I always have a reserve of currencies in my drawer so I shouldn't need much anyway.
Have fun.
Second-hand car sales hit record level in first half
http://www.bbc.co.uk/news/business-37154928
More good news
http://www.bbc.co.uk/news/business-37154928
More good news
Persimmon doing alright too - http://www.bbc.co.uk/news/business-37162613
don4l said:
More excellent news!
The ftse250 has just roared past the 18,000 mark.
That is almost 4% higher than it was just before the Brexit victory.
Is this good news, or just something that theory would predict following on from the loosening of monetary policy designed to stave off an economic slowdown post the Brexit vote?The ftse250 has just roared past the 18,000 mark.
That is almost 4% higher than it was just before the Brexit victory.
Great to hear positive news and the situation is certainly better than I thought it would be at this point, but what continues to worry me are the "macro" indicators, namely the GBP:USD exchange rate and the BoE interest rate drop/QE package that seem to point heavily towards the Brexit decision having a significant impact:
I struggle to see past the view that any economy with a 0.25% official rate and ongoing QE is anything but struggling.
I struggle to see past the view that any economy with a 0.25% official rate and ongoing QE is anything but struggling.
youngsyr said:
Great to hear positive news and the situation is certainly better than I thought it would be at this point, but what continues to worry me are the "macro" indicators, namely the GBP:USD exchange rate and the BoE interest rate drop/QE package that seem to point heavily towards the Brexit decision having a significant impact:
I struggle to see past the view that any economy with a 0.25% official rate and ongoing QE is anything but struggling.
The Majority of world economies have been "struggling" since 2008, we have had very low interest rates and QE for the last 8 years.I struggle to see past the view that any economy with a 0.25% official rate and ongoing QE is anything but struggling.
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