The economic consequences of Brexit

[anonymous-user]

don4l said:

Would you care to specify what you mean "the last few years".

I've just done the figures for the last 8 years, and the RPI has risen by 21%, while wages have only risen by 14%. That shows a fall in "real wages".


https://www.ons.gov.uk/employmentandlabourmarket/p...

https://www.ons.gov.uk/economy/inflationandpricein...

I work in the public sector and in real terms my salary either remains the same or goes down slightly every year. Our pay rise has been frozen at 1% for several years now, but with an increase in NI payments and other increases there is no actual raise.

Still, the pension is good (and free), I have as much holiday as a teacher, only work 3-4 days a week and I'll be retired on my pension at 42

[Jockman]

bmw535i said:

I work in the public sector and in real terms my salary either remains the same or goes down slightly every year. Our pay rise has been frozen at 1% for several years now, but with an increase in NI payments and other increases there is no actual raise.

Still, the pension is good (and free), I have as much holiday as a teacher, only work 3-4 days a week and I'll be retired on my pension at 42

You're younger than 42

[anonymous-user]

Jockman said:

You're younger than 42

Yes, I have 8 years to go

[Trabi601]

WinstonWolf said:

Well, my share portfolio has just about exploded over the last six months. It's grown like I've never seen it before and I've had it twenty five years.

The economic consequences of Brexit for me have been fking superb

I'm sure ///ajd will try and tell me being a lot better off than I was six months ago is a bad thing, but I'm pleasantly surprised by how spectacularly wrong the doom-mongers have been *for some of us*

Have you thought that you haven't actually made money in reality? - whilst the sterling value of your shares have increased - your buying power in Europe / USA / many other developed countries has probably just about stayed the same. For those without shares, our buying power vs. the rest of the world has decreased. We've made ourselves poorer by voting out.

This is before taking into account the devaluation of sterling in the UK as we print money to prop up a failing economy, savings accounts no longer keeping pace with inflation - and rising prices of goods we import.

We will never bring enough manufacturing back to the UK to compensate us for the devaluation in our buying power when buying imports and we'll never be cheap enough to compete with the developing world.

All I can see is a load of issues being stacked up - food inflation as import costs and fuel costs continue to rise, retailers struggling as the cost of imported goods starts to catch up with the devaluation of sterling and we still haven't found out what the real result of Brexit is going to be - import taxes, trade deals taking years and years to settle.

I'm afraid I cannot see any good coming out of this in the medium to long term.

[don'tbesilly]

Trabi601 said:

WinstonWolf said:

Well, my share portfolio has just about exploded over the last six months. It's grown like I've never seen it before and I've had it twenty five years.

The economic consequences of Brexit for me have been fking superb

I'm sure ///ajd will try and tell me being a lot better off than I was six months ago is a bad thing, but I'm pleasantly surprised by how spectacularly wrong the doom-mongers have been *for some of us*

Have you thought that you haven't actually made money in reality? - whilst the sterling value of your shares have increased - your buying power in Europe / USA / many other developed countries has probably just about stayed the same. For those without shares, our buying power vs. the rest of the world has decreased. We've made ourselves poorer by voting out.

This is before taking into account the devaluation of sterling in the UK as we print money to prop up a failing economy, savings accounts no longer keeping pace with inflation - and rising prices of goods we import.

We will never bring enough manufacturing back to the UK to compensate us for the devaluation in our buying power when buying imports and we'll never be cheap enough to compete with the developing world.

All I can see is a load of issues being stacked up - food inflation as import costs and fuel costs continue to rise, retailers struggling as the cost of imported goods starts to catch up with the devaluation of sterling and we still haven't found out what the real result of Brexit is going to be - import taxes, trade deals taking years and years to settle.

I'm afraid I cannot see any good coming out of this in the medium to long term.

You can't see it,you don't believe in it, fair enough.

There are plenty just like you that can see it and do believe in it.

[steveT350C]

How to fleece tax payers money, via the EU....

https://horizon2020funding.com/

This is the guy that can help you write your 'business case' using a technique called 'storytelling'

https://www.crowdcast.io/e/persuasive-proposal/reg...

[B'stard Child]

Hosenbugler said:

Mrr T said:

Hosenbugler said:

Mrr T said:

Hosenbugler said:

I live in North Cambs, and the influx of migrant workers to the low paid in the Fens has been catastrophic for jobs and wages.

Funny if you look at the statistics on job and wages in the east then you have record employment, no fall in job vacancies, and real wages rising. Very catastrophic.

The feeling is that the wage rise is because of migrant workers going elsewhwere, a phenomena that has only occured after the vote. Locals appear to be benefiting. Take a look at the referenda stats for Lincolnshire, its no coincidence.

Incidentally, the source is a a regional production director of a very large company,. He should know.

There are Government Statistics covering employment rates, level of job vacancies, and wages rates. These show employment rates have been rising for the last few years, job vacancies have not fallen in that time, and real wages have risen.

Or you can believe a man down the pub.

The source is the production director of a large food processing company in Spalding, thats a FACT. Also, if things have been that good in the relevant area, Lincolnshire, go take a look at the referenda stats.

Still, you know better, so off you go to Market Square in Spalding, Boston, and spout your views, good look with that.

http://thelincolnite.co.uk/2016/06/lincolnshire-an... Lincolnshire referenda results. Strange eh, when its all been so good.

Good luck with that - after I explained what it's like here I was called either a liar or a fantacist and he was more interested in how I could tell an eastern European from anyone else.....

I offered a bed for the night, beer and a curry after a good walk round my market town to see what it's like here

No reply

If he can't see it himself it doesn't exist

[anonymous-user]

http://www.bbc.co.uk/news/business-37755137

Food inflation is one thing, but when model train prices 'rocket' we're doomed.

[230TE]

Jimboka said:

http://www.bbc.co.uk/news/business-37755137

Food inflation is one thing, but when model train prices 'rocket' we're doomed.

That particular First World problem predates Brexit by some way. These models rely on a lot of hand assembly and wage inflation in China has already been blamed for putting up prices (10-15% last year by some manufacturers). There is a fairly widespread view in the hobby that the models are now too expensive. But yes, all those British companies that were so keen to sack their long-serving British workers and move production to China will now be feeling a bit uncomfortable. I wonder what will be the next low cost manufacturing country of choice for the globalists. Plenty of brownfield sites in Syria right now and a large pool of labour (if you can get them all back from Germany).

[don4l]

Trabi601 said:

Have you thought that you haven't actually made money in reality? - whilst the sterling value of your shares have increased - your buying power in Europe / USA / many other developed countries has probably just about stayed the same. For those without shares, our buying power vs. the rest of the world has decreased. We've made ourselves poorer by voting out.

This is before taking into account the devaluation of sterling in the UK as we print money to prop up a failing economy, savings accounts no longer keeping pace with inflation - and rising prices of goods we import.

We will never bring enough manufacturing back to the UK to compensate us for the devaluation in our buying power when buying imports and we'll never be cheap enough to compete with the developing world.

All I can see is a load of issues being stacked up - food inflation as import costs and fuel costs continue to rise, retailers struggling as the cost of imported goods starts to catch up with the devaluation of sterling and we still haven't found out what the real result of Brexit is going to be - import taxes, trade deals taking years and years to settle.

I'm afraid I cannot see any good coming out of this in the medium to long term.

That is one of the saddest posts that I have ever read on here.

If I were as pessimistic, I don't think that I could get out of bed in the morning.

[glazbagun]

don4l said:

That is one of the saddest posts that I have ever read on here.

If I were as pessimistic, I don't think that I could get out of bed in the morning.

I must say that it doesn't strike me as particularly swivel-eyed. Had the poster Trabi was referring to invested in almost anything that was not sterling, he'd be looking at a rise in the amount of pounds ot was worth.

The other stuff is not exactly talking the country up, but then we haven't heard anything (now months after the vote) about how the government would even like this to pan out, let alone how it will when we come to negotiate with the EU who, as CETA has shown, arent the quickest at getting things done.

Were I mobile enough I'd certainly be thinking about sitting the next few years out of the UK and making the odd opportunistic purchase when I can.

[don4l]

glazbagun said:

I must say that it doesn't strike me as particularly swivel-eyed.

Strawman alert!

I didn't say that it was swivel-eyed. So, forgive me if I don't argue with you.

[ATG]

don4l said:

That is one of the saddest posts that I have ever read on here.

If I were as pessimistic, I don't think that I could get out of bed in the morning.

You seem fixated with emotion. How about putting that to one side, engaging your brain and do people the courtesy of addressing their ideas?

[anonymous-user]

ATG said:

You seem fixated with emotion. How about putting that to one side, engaging your brain and do people the courtesy of addressing their ideas?

By ideas you mean wild and exaggerated speculation of some sort of cataclysmic meltdown. These ideas don't need addressing, they need some perspective put on them.

[PurpleMoonlight]

ATG said:

You seem fixated with emotion. How about putting that to one side, engaging your brain and do people the courtesy of addressing their ideas?

Didn't you know in the brexit utopia people are only allowed to think happy thoughts.

Even if you try to be realistic you will eventually get shouted down and likely insulted.

[gavsdavs]

don4l said:

glazbagun said:

I must say that it doesn't strike me as particularly swivel-eyed.

Strawman alert!

I didn't say that it was swivel-eyed. So, forgive me if I don't argue with you.

1. You argued with him (alleging straw-man), then said you don't want to argue with him.
2. He didn't try and build a straw-man, he just stated an opinion.

Please try to be a bit more constructive, instead of just trying to shout people down.

[MarshPhantom]

Dum4L is best ignored.

[don4l]

ATG said:

don4l said:

That is one of the saddest posts that I have ever read on here.

If I were as pessimistic, I don't think that I could get out of bed in the morning.

You seem fixated with emotion. How about putting that to one side, engaging your brain and do people the courtesy of addressing their ideas?

I'm not fixated with emotion. Quite the opposite.

I see the value of a weak Pound to Britain's manufacturers.

I have pointed out that the stock markets have recently reached all time highs.

I have pointed out that employment is rising.

I have pointed out many other data based "facts".

You Remoaners refuse to accept the data. And you accuse me of being emotive.

Go figure...

[Digga]

steveT350C said:

How to fleece tax payers money, via the EU....

https://horizon2020funding.com/

This is the guy that can help you write your 'business case' using a technique called 'storytelling'

https://www.crowdcast.io/e/persuasive-proposal/reg...

The PS and EU are crammed full of these sort of parasites. The very system of grant disbursement facilitates and almost encourages this sort of unproductive layer of cod consultancy.

Of course it would be fairer and far, far cheaper in terms of delivery overhead - not to mention completely immune to parasites - to merely cut the taxes of all businesses instead and let the markets and the creativity (or not) of the enterprises themselves from determining success or failure. Far too often, the grants go to those in the 'circle' who go to the right meetings with the right gatekeepers of the public purse.

[Mrr T]

don4l said:

Mrr T said:

There are Government Statistics covering employment rates, level of job vacancies, and wages rates. These show employment rates have been rising for the last few years, job vacancies have not fallen in that time, and real wages have risen.

Or you can believe a man down the pub.

Would you care to specify what you mean "the last few years".

I've just done the figures for the last 8 years, and the RPI has risen by 21%, while wages have only risen by 14%. That shows a fall in "real wages".


https://www.ons.gov.uk/employmentandlabourmarket/p...

https://www.ons.gov.uk/economy/inflationandpricein...

So why did you choose 8 years. Might that be because you wanted to include the 2009 AWE figures. The one year where the figure fell sharply because of guess what the economic crash.

Lets take 2010 as a better base line.

So for Q1 2010 to Q1 2016.

AWE = 18.5%

RPI = 11.4%

QED