Putting up prices after Brexit - any tips?
Discussion
Flooble said:
. Banks, Business and Politicians all wanted to Remain. The Exchange Rates are essentially set directly by "Banks" and indirectly by Government. Whether rightly or wrongly there will be emotion involved and likely the rate will be pushed lower than it perhaps should be based on cold hard logic. ...
Noblindswelledrat said:
Flooble said:
. Banks, Business and Politicians all wanted to Remain. The Exchange Rates are essentially set directly by "Banks" and indirectly by Government. Whether rightly or wrongly there will be emotion involved and likely the rate will be pushed lower than it perhaps should be based on cold hard logic. ...
NoModernAndy said:
Be very careful using words like 'all'. It's definitely nothing like all banks, politicians, etc. That still doesn't mean this isn't a bad idea of course. I really would like to know what the result would be if another referendum was held today. Would the leave vote be as massive as 52%? Would more than 2 of the 4 countries in the U.K. vote for it?
Yes, point taken, a degree of hyberbole from me. Although not sure which bank wanted brexit? 
I think many remain campaigners are still wearing rose tinted glasses when viewing the EU. Britain is the first to leave, it will not be the last. The EU (as we now have it) will not last much longer. The southern EU countries need to devalue 'their' Euro as they are not financial powerhouses like the majority of Northern EU countries.
It may well be that by the time we reach the end of the 2 year 'leaving' period the EU will be a very different community. There are a growing number of members who want border controls and more autonomy for their elected Governments. We are seeing a greater conflict of views between the populace and the Parliamentary 'elite', especially the EU expansionists.
I suspect we will see the EU revert to what it started out as in the 1960's/70's.
It may well be that by the time we reach the end of the 2 year 'leaving' period the EU will be a very different community. There are a growing number of members who want border controls and more autonomy for their elected Governments. We are seeing a greater conflict of views between the populace and the Parliamentary 'elite', especially the EU expansionists.
I suspect we will see the EU revert to what it started out as in the 1960's/70's.
NinjaPower said:
Both businesses in the units next to mine are really feeling it.
One imports container loads of solid wood furniture to sell in his showroom, and because he buys in dollars, his profit margin has been kicked squarely in the nuts.
The other guy imports engineered wood flooring, also by the container load, and is also now suffering.
They now both tell me they would cheerfully spit in the face of anyone who voted for Brexit.
And in some other units a bit further down, there are a few businesses who export stuff out of the UK, who have seen business do really well over the last few months.One imports container loads of solid wood furniture to sell in his showroom, and because he buys in dollars, his profit margin has been kicked squarely in the nuts.
The other guy imports engineered wood flooring, also by the container load, and is also now suffering.
They now both tell me they would cheerfully spit in the face of anyone who voted for Brexit.
No urge to spit at anybody!
Storer said:
Maybe I'm an optimist, but I still think this volatility is short term.
It can be said that the £ was over valued a little pre Brexit but I can see no reason for it dropping to parity with the Euro, let alone the $.
The trouble with currency is the fact that there are traders making money out of fluctuations. If they don't move there is little cash to be made. Big movements allow for big profits (and losses) for dealers and institutions. The rest of us are no concern to them!
So far nothing has really changed in the UK. We are still part of the EU and continuing to pay part of their bills. Everything else is speculation.
Nothing to do with volatility. There haven't been any big movements except down. You might not be able to 'see a reason' for the pound to lose any more value, but your post also suggests that you don't understand currency markets very well. Many (the majority?) of people who's full time job it is to understand currency markets, think the pound has further to fall (major financial institutions predicting parity with the Euro by the end of 2017). We have quit the EU without a solid plan, and now we are starting to look a bit silly, if we'd had even a basic clue what we were doing, we might have been able to salvage a bit more of the reputation that we rely so much on.It can be said that the £ was over valued a little pre Brexit but I can see no reason for it dropping to parity with the Euro, let alone the $.
The trouble with currency is the fact that there are traders making money out of fluctuations. If they don't move there is little cash to be made. Big movements allow for big profits (and losses) for dealers and institutions. The rest of us are no concern to them!
So far nothing has really changed in the UK. We are still part of the EU and continuing to pay part of their bills. Everything else is speculation.
Saying 'everything else is speculation' is completely pointless, speculation dictates currency rates, and right now, people can 'see a reason' to 'speculate' on the pound being worth sweet FA. Once we are out of Europe and no longer being propped up, the cracks will start to show (lazy, entitled workforce; massive dependence on imports; etc), and we are stuffed.
veevee said:
Saying 'everything else is speculation' is completely pointless, speculation dictates currency rates, and right now, people can 'see a reason' to 'speculate' on the pound being worth sweet FA. Once we are out of Europe and no longer being propped up, the cracks will start to show (lazy, entitled workforce; massive dependence on imports; etc), and we are stuffed.
You have got to be joking about the UK being propped up by the EU. It is the other way round. Especially when it comes to contributions.
There are some lazy employees in the UK and a good number of the population which need some hard 'love' when it comes to weaning off the state handouts.
Europe has major issues with labour costs and the working hours directive.
Our biggest problem is housing costs (rents and values) and business rents and rates. They are both way to high. It hangs over the country like a massive dark cloud.
With a net migration of over 300,000 how were we ever to be able to build enough houses on this small island? This is compounded by the increase in life expectancy and the number of single parent families.
A free market may be sacrosanct to many (including me) but if you want to see the whole of the south east (where everyone wants to live) covered in tarmac, concrete and bland housing estates - let the free market prevail.
Believe it or not, there are plenty of empty houses north of Watford Gap! Shame is, there are far fewer jobs 'oop norf'.
In the industrial revolution the midlands and north were the 'power houses' of this country. Now houses are cheap, as work is hard to find. We need to find a way of balancing out the income in this land. That requires development of proper jobs in the old industrial heartland. Jobs that produce something. Something we can either export or replace imports with, in a cost effective way. Cost effective should include the cost to the state of having to subsidise the current unemployed/income top-ups. Once people get used to employment in productive jobs the state can reduce the 'help' they give those companies.
Cheap labour is other countries will gradually decline as they demand more out of life and adopt reduced birth rates common in the Northern hemisphere.
There is also the issue of water and food for the increasing world population. Ethiopia had a population of around 20m in 1960, it is now 95m. Most African countries show a similar growth and the population is living longer. This is repeated over most of the southern hemisphere. This may not be an immediate issue but it is one that will increase over the next 30 to 50 years.
Being able to feed our population and produce what we need in most parts of our daily lives will gradually become more important as time goes by.
Unilever versus Tesco could be seen as a forerunner of the way things can go. At present they are just two companies facing down, but think what it would be like if China(*) did the same versus the UK.
(*) substitute Middle East, America, Germany.
It is never a good idea to be totally reliant on someone else as an individual. Even worse as a country.
A free market may be sacrosanct to many (including me) but if you want to see the whole of the south east (where everyone wants to live) covered in tarmac, concrete and bland housing estates - let the free market prevail.
Believe it or not, there are plenty of empty houses north of Watford Gap! Shame is, there are far fewer jobs 'oop norf'.
In the industrial revolution the midlands and north were the 'power houses' of this country. Now houses are cheap, as work is hard to find. We need to find a way of balancing out the income in this land. That requires development of proper jobs in the old industrial heartland. Jobs that produce something. Something we can either export or replace imports with, in a cost effective way. Cost effective should include the cost to the state of having to subsidise the current unemployed/income top-ups. Once people get used to employment in productive jobs the state can reduce the 'help' they give those companies.
Cheap labour is other countries will gradually decline as they demand more out of life and adopt reduced birth rates common in the Northern hemisphere.
There is also the issue of water and food for the increasing world population. Ethiopia had a population of around 20m in 1960, it is now 95m. Most African countries show a similar growth and the population is living longer. This is repeated over most of the southern hemisphere. This may not be an immediate issue but it is one that will increase over the next 30 to 50 years.
Being able to feed our population and produce what we need in most parts of our daily lives will gradually become more important as time goes by.
Unilever versus Tesco could be seen as a forerunner of the way things can go. At present they are just two companies facing down, but think what it would be like if China(*) did the same versus the UK.
(*) substitute Middle East, America, Germany.
It is never a good idea to be totally reliant on someone else as an individual. Even worse as a country.
Storer said:
With a net migration of over 300,000 how were we ever to be able to build enough houses on this small island? This is compounded by the increase in life expectancy and the number of single parent families.
nail head. Build more houses restrict migration to levels we can deal with and need. Don't fek up a free market by imposing rent caps.Storer said:
With a net migration of over 300,000 how were we ever to be able to build enough houses on this small island? This is compounded by the increase in life expectancy and the number of single parent families.
A free market may be sacrosanct to many (including me) but if you want to see the whole of the south east (where everyone wants to live) covered in tarmac, concrete and bland housing estates - let the free market prevail.
Believe it or not, there are plenty of empty houses north of Watford Gap! Shame is, there are far fewer jobs 'oop norf'.
In the industrial revolution the midlands and north were the 'power houses' of this country. Now houses are cheap, as work is hard to find. We need to find a way of balancing out the income in this land. That requires development of proper jobs in the old industrial heartland. Jobs that produce something. Something we can either export or replace imports with, in a cost effective way. Cost effective should include the cost to the state of having to subsidise the current unemployed/income top-ups. Once people get used to employment in productive jobs the state can reduce the 'help' they give those companies.
Cheap labour is other countries will gradually decline as they demand more out of life and adopt reduced birth rates common in the Northern hemisphere.
There is also the issue of water and food for the increasing world population. Ethiopia had a population of around 20m in 1960, it is now 95m. Most African countries show a similar growth and the population is living longer. This is repeated over most of the southern hemisphere. This may not be an immediate issue but it is one that will increase over the next 30 to 50 years.
Being able to feed our population and produce what we need in most parts of our daily lives will gradually become more important as time goes by.
Unilever versus Tesco could be seen as a forerunner of the way things can go. At present they are just two companies facing down, but think what it would be like if China(*) did the same versus the UK.
(*) substitute Middle East, America, Germany.
It is never a good idea to be totally reliant on someone else as an individual. Even worse as a country.
I completely agree with your thought process, but the difficulty comes when you start to try and answer some of those questions. It is such a complex and horrible issue with so few known/correct answers.A free market may be sacrosanct to many (including me) but if you want to see the whole of the south east (where everyone wants to live) covered in tarmac, concrete and bland housing estates - let the free market prevail.
Believe it or not, there are plenty of empty houses north of Watford Gap! Shame is, there are far fewer jobs 'oop norf'.
In the industrial revolution the midlands and north were the 'power houses' of this country. Now houses are cheap, as work is hard to find. We need to find a way of balancing out the income in this land. That requires development of proper jobs in the old industrial heartland. Jobs that produce something. Something we can either export or replace imports with, in a cost effective way. Cost effective should include the cost to the state of having to subsidise the current unemployed/income top-ups. Once people get used to employment in productive jobs the state can reduce the 'help' they give those companies.
Cheap labour is other countries will gradually decline as they demand more out of life and adopt reduced birth rates common in the Northern hemisphere.
There is also the issue of water and food for the increasing world population. Ethiopia had a population of around 20m in 1960, it is now 95m. Most African countries show a similar growth and the population is living longer. This is repeated over most of the southern hemisphere. This may not be an immediate issue but it is one that will increase over the next 30 to 50 years.
Being able to feed our population and produce what we need in most parts of our daily lives will gradually become more important as time goes by.
Unilever versus Tesco could be seen as a forerunner of the way things can go. At present they are just two companies facing down, but think what it would be like if China(*) did the same versus the UK.
(*) substitute Middle East, America, Germany.
It is never a good idea to be totally reliant on someone else as an individual. Even worse as a country.
Take your first statement. How are we going to achieve housing with 300000 net migration? The converse of that is how are we going to look after our elderly without it? With birthrate at 1.9, our natural population will shrink so we absolutely need migration bother as direct carers for the elderly and to fill in the gaps in our economy.
As to rebuilding the north/wales/Scotland as industrial power houses - again it is stating the obvious without actually a solution. Every successive government knows this and have made modest efforts to achieve this and nothing at all has worked.
If I were in government I would try reducing corporation tax for any companies that set up new bases in certain areas, but there are plenty of negatives along with that.
We argue in NP&E and everyone squabbles over these issues as though they are black and white but the reality is that they are such huge complex issues, and every 'simple fix' that someone seems certain will sort it out, has dozens of other consequences.
Brexit is a perfect example of this. THis perception that so many people have that Brexit will suddenly make the UK a lovely place with well paid jobs for everyone and cheap housing is so ludicrous as to be borderline mental.
The Moose said:
veevee said:
Just thinking today... What are the pound shops going to do? 
The same as always.Reduce the quantity
Also some of the other items are already pushing it...
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