Brexit...GT cars....Don't Worry
Discussion
Porkerjag said:
When all the banks have furcked off to Frankfurt, and SE England becomes a desolute wilderness....don't worry as a Northerner i will be down with my African Oil Dollars to clean up.
excellent. I will bring some Euros from Germany to stock up on RHD cars - together we should be able to prop up the market so we can continue to have many a value threads IknowJoseph said:
On the up because May's leave deal was rejected by MPs... So you're correct that it's risen, but your understanding of the reasons are 100% backwards.
up +0.25% now , a no deal brexit is better for us :-) the scare stories are just that scare stories we are coming out like it or not.Porsche911R said:
MDL111 said:
excellent. I will bring some Euros from Germany
Euro's are dropping lol, £ on the up now +0.14%, and will only keep going up once out of the EU.
- unfortunately I believe that is wishful thinking on my part Porsche911R said:
MDL111 said:
excellent. I will bring some Euros from Germany
Euro's are dropping lol, £ on the up now +0.14%, and will only keep going up once out of the EU.
I’m actually speechless and I am going to stop myself posting what I really want to say to you on this topic.
Edited by RSVP911 on Wednesday 16th January 17:27
isaldiri said:
RSVP911 said:
You really are quite deluded - if we crash out the £ will not rise !
TBH, he's probably right because the £ will have tanked to such an extent before the 29th March that it'll just regain a miniscule amount and he'll say he was right 
Eitherway, I can’t see how anyone with any common sense, can look at what is going on at the moment , regardless of a stay or leave persuasion and comment on it like “ it’s “ok” .
It’s not OK !
The truth is, a lot of people who can least afford it, are gong to be severely financially disadvantaged because of this.
I’ve never witnessed such a divisive issue that has bought about a complete political hiatus.
What a mess !
Edited by RSVP911 on Wednesday 16th January 17:48
isaldiri said:
Talking about +0.25% as if it's vaguely significant when the gbp/eur at pretty much close to the rock bottom level 
That's fine for me as I get paid in €...To be fair, I don't see much happening beyond the +/- 5-10% range, regardless of the outcome. Life goes on, people need to stop panicking!
Porsche911R said:
Who and why ?
If we crash out of Europe’s the £ will most likely fall further; this combined with increased import duty for goods from Europe will drive up prices on anything that is either fully imported, or where European components are used; both things are highly inflationary. As such, prices will rise faster than wages, leading to a decline in real disposable income.This reduces peoples ability to help drive economic growth by spending. Also peoples propensity to carry risk reduces & as they become more cautious they save more/pay down debt; both things further reduce growth, which further undermines industries confidence to invest and grow, which in turn further reduces growth .... it becomes a viscous cycle.
Business start to reduce costs to counter the reduction in growth to remain viable; wages stagnate, bonus’s aren’t paid & at worst, people become unemployed. Defaults rise, houses are re possessed, borrowing costs increase to counter growing default rate, this also reduces spending ....... the cycle continues.
Business is currently spending an awful lot of time & money preparing for a no deal scenario - this is not only expensive, but it is also a huge distraction and by taking up resource, is also in itself stifling growth.
So whilst I can’t give you a list of names of people who are going to be affected, hopefully this helps clarify my thinking.
Edited by RSVP911 on Wednesday 16th January 20:42
RSVP911 said:
If we crash out of Europe’s the £ will most likely fall further; this combined with increased import duty for goods from Europe will drive up prices on anything that is either fully imported, or where European components are used; both things are highly inflationary.
As such, prices will rise faster than wages, leading to a decline in real disposable income.This reduces peoples ability to help drive economic growth by spending. Also peoples propensity to carry risk reduces & as they become more cautious they save more/pay down debt; both things further reduce growth, which further undermines industries confidence to invest and grow, which in turn further reduces growth .... it becomes a viscous cycle.
Business start to reduce costs to counter the reduction in growth to remain viable, people become unemployed and defaults rise, houses are re possessed, borrowing costs increase to counter growing default rate, this also reduces spending ....... the cycle continues.
Business is currently spending an awful lot of time & money preparing for a no deal scenario - this is not only expensive, but it is also a huge distraction and by taking up resource, is also in itself stifling growth.
So whilst I can’t give you a list of names of people who are going to be affected, hopefully this helps clarify my thinking.
This man talks sense 👍As such, prices will rise faster than wages, leading to a decline in real disposable income.This reduces peoples ability to help drive economic growth by spending. Also peoples propensity to carry risk reduces & as they become more cautious they save more/pay down debt; both things further reduce growth, which further undermines industries confidence to invest and grow, which in turn further reduces growth .... it becomes a viscous cycle.
Business start to reduce costs to counter the reduction in growth to remain viable, people become unemployed and defaults rise, houses are re possessed, borrowing costs increase to counter growing default rate, this also reduces spending ....... the cycle continues.
Business is currently spending an awful lot of time & money preparing for a no deal scenario - this is not only expensive, but it is also a huge distraction and by taking up resource, is also in itself stifling growth.
So whilst I can’t give you a list of names of people who are going to be affected, hopefully this helps clarify my thinking.
GT4RS said:
This man talks sense ??
All that based upon import duty , that’s if we have any as it works both ways. So a no deal brexit does not automatically mean more duty.
So I very much doubt it as we are very big buyers of German cars and guess what , they want to sell them to us along with every thing else. All these EU countries need us to buy their products as we are a very wealthy country.
Edited by Porsche911R on Wednesday 16th January 21:01
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