The economic consequences of Brexit

[JawKnee]

Apple prices shoot up 20%. That's going to hurt consumers and businesses who buy their products.

http://www.telegraph.co.uk/technology/2016/10/28/a...

No doubt some brexiturd will be along in a moment to try and convince us all that this is actually good news and we should all be buying British made laptops anyway.

[anonymous-user]

Digga said:

jsf said:

I bought a jar at Tesco last week, I also spent another £180 more there too. First time in 12 months I've shopped there.

What's your secret? My wife seems to be able to spend at least that much every week?

I'm a single bloke.

In that shop I bought a £60 printer, 4 bottles of English Ale and a nice bottle of Argentinian wine.

[anonymous-user]

JawKnee said:

Apple prices shoot up 20%. That's going to hurt consumers and businesses who buy their products.

http://www.telegraph.co.uk/technology/2016/10/28/a...

No doubt some brexiturd will be along in a moment to try and convince us all that this is actually good news and we should all be buying British made laptops anyway.

Market forces will determine if they just cut their own throat, or are about to make a killing.

I've never bought a single apple product in my life, and I've been working with computers since the Commodore Pet.

Apple were always known as a good platform for the creative industry such as advertising creative, not sure that's the case now as they went after the mass market.

[don'tbesilly]

alfie2244 said:

don'tbesilly said:

I just had my car washed there, I like to spend my money where it will be redistributed in Europe

Has the price risen yet?

It hadn't no, but the wait was less, there were more car people washing cars there than last month,I guess the vote to leave had opened up more career opportunities in the art 'Detailing' cars

[don'tbesilly]

JawKnee said:

Apple prices shoot up 20%. That's going to hurt consumers and businesses who buy their products.

http://www.telegraph.co.uk/technology/2016/10/28/a...

No doubt some brexiturd will be along in a moment to try and convince us all that this is actually good news and we should all be buying British made laptops anyway.

[Trabi601]

don'tbesilly said:

Trabi601 said:

Marmite is up 12.5% at Morrisons. The first supermarket to pass on the price increase.

I hope all you Brexiteers are suitably pleased with what you've done

Yes & the UK is still fifth in the GDP table and not behind India as you reckoned, and you're still moaning

The GDP tables are quoted in dollars. We've lost 15%-ish vs. the dollar since that table was published, hence our GDP when quoted in dollars (which appears to be the acceptable equalising currency) has fallen.

[Trabi601]

gavsdavs said:

https://www.bloomberg.com/news/articles/2016-10-28...

English Apple Fanbois getting stiffed even more than usual. Looks like a round 15-20% across the product line.

(I don't buy apple computers, before you start having a go)

I'm sure MS have also announced price rises, too.

The reality of a devalued currency is just starting to creep in - won't be too long before we get Brexiteers complaining 'we didn't vote for this'.

[don'tbesilly]

Trabi601 said:

don'tbesilly said:

Trabi601 said:

Marmite is up 12.5% at Morrisons. The first supermarket to pass on the price increase.

I hope all you Brexiteers are suitably pleased with what you've done

Yes & the UK is still fifth in the GDP table and not behind India as you reckoned, and you're still moaning

The GDP tables are quoted in dollars. We've lost 15%-ish vs. the dollar since that table was published, hence our GDP when quoted in dollars (which appears to be the acceptable equalising currency) has fallen.

But we're still fifth and not behind India which is what you reckoned.

Carry on though, you're continued negativity in the face of the demonstrable opposite is amusing.

[don'tbesilly]

Trabi601 said:

gavsdavs said:

https://www.bloomberg.com/news/articles/2016-10-28...

English Apple Fanbois getting stiffed even more than usual. Looks like a round 15-20% across the product line.

(I don't buy apple computers, before you start having a go)

I'm sure MS have also announced price rises, too.

won't be too long before we get Brexiteers complaining 'we didn't vote for this'.

It won't happen, but you'd love it if it did, shame you won't see it, you'll just have to keep lapping up the good news so you can't wail "We told you so"

[Tony427]

don'tbesilly said:

alfie2244 said:

don'tbesilly said:

I just had my car washed there, I like to spend my money where it will be redistributed in Europe

Has the price risen yet?

It hadn't no, but the wait was less, there were more car people washing cars there than last month,I guess the vote to leave had opened up more career opportunities in the art 'Detailing' cars

http://www.forecourttrader.co.uk/news/fullstory.php/aid/12273/Tesco_car_wash_workers_paid_half_minimum_wage.html

Perhaps you aren't distributing quite so much as you think you are.

Cheers,

Tony

[Trabi601]

don'tbesilly said:

But we're still fifth and not behind India which is what you reckoned.

Carry on though, you're continued negativity in the face of the demonstrable opposite is amusing.

:bangshead:

The 2016 predictions don't take into account our devalued currency. Using today's rate on those predictions would drop us to about level with India.

2017s prediction, with the 15% devaluation built in should be interesting.

[don'tbesilly]

Trabi601 said:

don'tbesilly said:

But we're still fifth and not behind India which is what you reckoned.

Carry on though, you're continued negativity in the face of the demonstrable opposite is amusing.

:bangshead:

I wish you would.

[London424]

Trabi601 said:

don'tbesilly said:

But we're still fifth and not behind India which is what you reckoned.

Carry on though, you're continued negativity in the face of the demonstrable opposite is amusing.

:bangshead:

The 2016 predictions don't take into account our devalued currency. Using today's rate on those predictions would drop us to about level with India.

2017s prediction, with the 15% devaluation built in should be interesting.

Why does it matter?

[B'stard Child]

London424 said:

Trabi601 said:

don'tbesilly said:

But we're still fifth and not behind India which is what you reckoned.

Carry on though, you're continued negativity in the face of the demonstrable opposite is amusing.

:bangshead:

The 2016 predictions don't take into account our devalued currency. Using today's rate on those predictions would drop us to about level with India.

2017s prediction, with the 15% devaluation built in should be interesting.

Why does it matter?

Because if you're not first - you're last

[Trabi601]

London424 said:

Why does it matter?

I didn't bring it up. The Brexiteers did.

They seem to think the devaluation is a good thing. Unless it impacts something they think we should be proud of - such as our GDP ranking, for instance.

As a collective society we are getting poorer - the price increases on imports are starting to bite, we're also seeing price increases on UK produced goods which have their profit centre elsewhere - targets still have to be met, even if your revenue is falling on the back of sterling's crash.

It's like turkeys voting for Christmas.

[rolando]

Trabi601 said:

Marmite is up 12.5% at Morrisons. The first supermarket to pass on the price increase.

Nobody's forcing you to buy Marmite or to do so at Morrison's. Perhaps the laws of supply and demand will then kick in.

[anonymous-user]

Trabi601 said:

don'tbesilly said:

Trabi601 said:

Marmite is up 12.5% at Morrisons. The first supermarket to pass on the price increase.

I hope all you Brexiteers are suitably pleased with what you've done

Yes & the UK is still fifth in the GDP table and not behind India as you reckoned, and you're still moaning

The GDP tables are quoted in dollars. We've lost 15%-ish vs. the dollar since that table was published, hence our GDP when quoted in dollars (which appears to be the acceptable equalising currency) has fallen.

Wrong, yet again!

The figures are from October 2016, the latest numbers available from the IMF.

[Funkycoldribena]

Trabi601 said:

Marmite is up 12.5% at Morrisons. The first supermarket to pass on the price increase.

I hope all you Brexiteers are suitably pleased with what you've done

Remain missed a trick there..
If only they'd had a bus with that on it..

[gavsdavs]

Trabi601 said:

gavsdavs said:

https://www.bloomberg.com/news/articles/2016-10-28...

English Apple Fanbois getting stiffed even more than usual. Looks like a round 15-20% across the product line.

(I don't buy apple computers, before you start having a go)

I'm sure MS have also announced price rises, too.

The reality of a devalued currency is just starting to creep in - won't be too long before we get Brexiteers complaining 'we didn't vote for this'.

Are you new here ?

The established sentiment in this thread is....

1. A fall in the value of GBP is *a good thing* and was always needed.
2. A fall in the value of GBP doesn't matter a jot *because I'm alright jack* and "nobody buys Apple anyway, they should buy British"
3. A fall in the value of GBP is only a thing "a Bremoaner" would mention (amirite ?)

(joking).

[Trabi601]

jsf said:

Trabi601 said:

don'tbesilly said:

Trabi601 said:

Marmite is up 12.5% at Morrisons. The first supermarket to pass on the price increase.

I hope all you Brexiteers are suitably pleased with what you've done

Yes & the UK is still fifth in the GDP table and not behind India as you reckoned, and you're still moaning

The GDP tables are quoted in dollars. We've lost 15%-ish vs. the dollar since that table was published, hence our GDP when quoted in dollars (which appears to be the acceptable equalising currency) has fallen.

Wrong, yet again!

The figures are from October 2016, the latest numbers available from the IMF.

You may want to check their figures in sterling vs their conversion to dollars, as it's not reflective of the post Brexit vote rates.

They have a quote in Sterling of £1,867 billion. Their dollar calculation gives $2,650 billion.

Current exchange rate (lifted from Google conversions) would put it at $2,269 billion.