The economic consequences of Brexit
Poll: The economic consequences of Brexit
Total Members Polled: 732
Discussion
IroningMan said:
Oh, well, that's all right the. Those affected should have hedged against it anyway, right?
Economics can be brutal but out of the people who will lose out, there will be those on the other side who win and that is right across the earning spectrum.For example, it may slow down the death in parts of our U.K food production industry and safeguard jobs e.g Milk producers.
Carl_Manchester said:
Chris Stott said:
The devaluation in Sterling, whilst maybe not immediately apparent, will be the killer for the economy in the short to mid term.
It was mentioned earlier in the thread but its worth repeating. Sterling was over-valued and skewed due to a few factors all brexit has done is sharply address the over-value and it is now fair-value. If parts of the economy die due to this, it was an unsustainable business model. Maybe Sterling was over valued, maybe not. That's a matter of opinion. And Markets ultimately determine the value.
Companies go out of business for various reason all the time. My concerns are not primarily for companies (though I have sympathy for their employees and families), but for those on income support, and families in work but living close to the bread line. The well off will manage as they can just delay buying a new car, or scale down their summer vacation (as they did back in 08/09/10). The low paid section of society is going to be hit the hardest by everyday price increases.
Its hard to argue against there being some short term pain for the less well off in particular Chris, its a valid point.
Don't think this sector of our society didn't understand that as a whole, some most likely didn't, but I would suggest more did and were prepared to weather the storm if it gave them a chance for life to change for the better longer term.
It is this sector of society that has been left behind, they wanted change, more of the same just gave them a diminishing lifestyle and life chances for their kids anyway.
The next 12 months in particular will be choppy, but the signs are there that things are changing in the approach of the government and politics in general which has the potential to rebalance things. Time will tell.
Don't think this sector of our society didn't understand that as a whole, some most likely didn't, but I would suggest more did and were prepared to weather the storm if it gave them a chance for life to change for the better longer term.
It is this sector of society that has been left behind, they wanted change, more of the same just gave them a diminishing lifestyle and life chances for their kids anyway.
The next 12 months in particular will be choppy, but the signs are there that things are changing in the approach of the government and politics in general which has the potential to rebalance things. Time will tell.
Chris Stott said:
Companies go out of business for various reason all the time. My concerns are not primarily for companies (though I have sympathy for their employees and families), but for those on income support, and families in work but living close to the bread line. The well off will manage as they can just delay buying a new car, or scale down their summer vacation (as they did back in 08/09/10). The low paid section of society is going to be hit the hardest by everyday price increases.
Yes, but its those families close to the bread line, who have suffered the most from open door immigration. For landworkers in the fens, its been a disaster for employment and wages, housing too. I live in north Cambs, and personally have not suffered from the scenario, but do hear from many who have. Take a look at the referenda stats for Lincolnshire , they are not coincidental. For me, in casting my referenda vote , immigration was not a matter at the top of my pile, but I can assure you, for those in Spalding, Boston, and a plethora of other places in the locale, it was , very much so.
Hosenbugler said:
Chris Stott said:
Companies go out of business for various reason all the time. My concerns are not primarily for companies (though I have sympathy for their employees and families), but for those on income support, and families in work but living close to the bread line. The well off will manage as they can just delay buying a new car, or scale down their summer vacation (as they did back in 08/09/10). The low paid section of society is going to be hit the hardest by everyday price increases.
Yes, but its those families close to the bread line, who have suffered the most from open door immigration. For landworkers in the fens, its been a disaster for employment and wages, housing too. I live in north Cambs, and personally have not suffered from the scenario, but do hear from many who have. Take a look at the referenda stats for Lincolnshire , they are not coincidental. For me, in casting my referenda vote , immigration was not a matter at the top of my pile, but I can assure you, for those in Spalding, Boston, and a plethora of other places in the locale, it was , very much so.
Hosenbugler said:
Yes, but its those families close to the bread line, who have suffered the most from open door immigration. For landworkers in the fens, its been a disaster for employment and wages, housing too. I live in north Cambs, and personally have not suffered from the scenario, but do hear from many who have.
Take a look at the referenda stats for Lincolnshire , they are not coincidental. For me, in casting my referenda vote , immigration was not a matter at the top of my pile, but I can assure you, for those in Spalding, Boston, and a plethora of other places in the locale, it was , very much so.
How is brexit going to solve this?Take a look at the referenda stats for Lincolnshire , they are not coincidental. For me, in casting my referenda vote , immigration was not a matter at the top of my pile, but I can assure you, for those in Spalding, Boston, and a plethora of other places in the locale, it was , very much so.
In my simplistic view the jobs are there. The pay must comply with the mimimum the law stipulates. UK workers could do the jobs if they wanted to.
Am I missing something? Are they being racially discriminated against?
Hosenbugler said:
Chris Stott said:
Companies go out of business for various reason all the time. My concerns are not primarily for companies (though I have sympathy for their employees and families), but for those on income support, and families in work but living close to the bread line. The well off will manage as they can just delay buying a new car, or scale down their summer vacation (as they did back in 08/09/10). The low paid section of society is going to be hit the hardest by everyday price increases.
Yes, but its those families close to the bread line, who have suffered the most from open door immigration. For landworkers in the fens, its been a disaster for employment and wages, housing too. I live in north Cambs, and personally have not suffered from the scenario, but do hear from many who have. Take a look at the referenda stats for Lincolnshire , they are not coincidental. For me, in casting my referenda vote , immigration was not a matter at the top of my pile, but I can assure you, for those in Spalding, Boston, and a plethora of other places in the locale, it was , very much so.
Fact remains, whatever the reason, that we're in for at least a couple of years of real pain. Maybe not the instant & catastrophic recession remainers predicted, but I think we will see a recession by end of 2017/early 2018.
I will make one political comment...
Trump could get elected on November 8 and the USD could crash as a result
MarshPhantom said:
So those problems will have been caused by employers rather than the EU, no?
It's more due to a lack of governmental control, through the inability of controlling borders and immigration forced by EU 'rules'. If you allow uncontrolled numbers of low-skilled workers to arrive, there is only ever going to be one (supply and demand based) outcome.PurpleMoonlight said:
How is brexit going to solve this?
In my simplistic view the jobs are there. The pay must comply with the mimimum the law stipulates. UK workers could do the jobs if they wanted to.
Am I missing something? Are they being racially discriminated against?
A Romanian/or other,on the equivalent of 40ish quid an hour is going to work a lot harder than a local on 7 quid an hour.In my simplistic view the jobs are there. The pay must comply with the mimimum the law stipulates. UK workers could do the jobs if they wanted to.
Am I missing something? Are they being racially discriminated against?
They can send money home for a few years to buy a house outright, UK worker can barely afford to run studio flat.
PurpleMoonlight said:
How is brexit going to solve this?
In my simplistic view the jobs are there. The pay must comply with the mimimum the law stipulates. UK workers could do the jobs if they wanted to.
Am I missing something? Are they being racially discriminated against?
Off you go to Boston, and other places, to explain such. You will be received with vigour. In my simplistic view the jobs are there. The pay must comply with the mimimum the law stipulates. UK workers could do the jobs if they wanted to.
Am I missing something? Are they being racially discriminated against?
Funkycoldribena said:
A Romanian/or other,on the equivalent of 40ish quid an hour is going to work a lot harder than a local on 7 quid an hour.
They can send money home for a few years to buy a house outright, UK worker can barely afford to run studio flat.
But both workers are paid the same in the uk are they not? They can send money home for a few years to buy a house outright, UK worker can barely afford to run studio flat.
One can live in the uk on it and send money home and the other cant live on it in the uk.?
PurpleMoonlight said:
Funkycoldribena said:
A Romanian/or other,on the equivalent of 40ish quid an hour is going to work a lot harder than a local on 7 quid an hour.
They can send money home for a few years to buy a house outright, UK worker can barely afford to run studio flat.
But both workers are paid the same in the uk are they not? They can send money home for a few years to buy a house outright, UK worker can barely afford to run studio flat.
One can live in the uk on it and send money home and the other cant live on it in the uk.?
PurpleMoonlight said:
But both workers are paid the same in the uk are they not?
One can live in the uk on it and send money home and the other cant live on it in the uk.?
Because they share 10 to a house which a bloke with a wife from here can hardly do ,can they?One can live in the uk on it and send money home and the other cant live on it in the uk.?
Let's say the UK man did live in a shared house and puts 100 quid a week away,what is that going to get him in 4/5 years? Won't even buy a camper van.
Meanwhile Romanian/other has whacking great sum to buy house in his homeland.
Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff