If we vote for Brexit what happens

mayonnaise

Angus Robertson at PMQ was brilliant.

He said: “Can I remind the Prime Minister when she was Home Secretary she put advertising vans on the streets of this country telling foreigners to go home and at her party conference, we heard that her party is wishing to register foreigners working in the UK. The crackdown and the rhetoric against foreigners by this Government has even led to Ukip, Ukip, saying that things have gone too far."
"Can I tell the Prime Minister that across the length and breadth of this land, people are totally disgusted by the xenophobic language on display from her Government?"

Well said, Angus.

wotsthat

CLAPTON wrote: »

obviously so, if costs rise then producst prices need to unless component substitution can mitigate the consequences

large trade deficits are bound to lead to lower exchange rates in the medium term : the inevtiable correction will benefit the Uk in the medium term even if there is short term pain.

Before you became a Brexit acolyte you would have suggested the price of Sterling might be set by supply and demand.

The idea that currency traders woke up and suddenly started pricing in the trade deficit on the 24th June is nonsensical.

CLAPTON

wotsthat wrote: »

Before you became a Brexit acolyte you would have suggested the price of Sterling might be set by supply and demand.

The idea that currency traders woke up and suddenly started pricing in the trade deficit on the 24th June is nonsensical.

please don't steal my best lines : I know you have none of your own but try concentrating on the economic reality rather than your EU (white, christian, protectionist) religion.

Of course I believe that brexit was indeed the event that triggered the re-evaluation of the real trade situation of the UK.
However, you can independently look up the trade deficit and the usual consquequences for countries that continue to run high current current deficits.
The decrease in the value of the pound was inevitable but as always the timing is uncertain

In the mean time, you can continue to celebrate the current account deficit
and the foreign asset net decreasing balance
and the foreign net dividend increasing deficit

even if you are the only person in the UK that does so.

buglawton

gfplux wrote: »

If you are making a (great) omelette you have to break eggs.

https://www.theguardian.com/business/2016/oct/12/tesco-running-low-key-unilever-brands-price-row-supplier-supermarket-falling-pound
It is understood that Unilever has halted deliveries to Tesco after a dispute over price. The food, toiletries and household goods supplier has been attempting to raise prices across a wide range of goods by about 10%, blaming the falling value of the pound against the euro and the dollar.

Among Unilever products taken off Tesco's website was Marmite. So the price of coal sent to Newcastle is to rise due to the £? Who'dve thought it.

Conrad

The great export and manufacturing revolution continues, sod Ben & Jerrys from Unilever monopoly capitalism, I will be ordering British ice cream now, good for UK dairy farmers.

The working class howl went out when they voted Brexit, little did they know the economic rebalancing would begin quite so rapidly. Manufacturing and exports creates jobs with dignity, away from the rentier Amazon society where those with capital in Amazon shares earn rent whilst an army of low paid transactional agents do all the work

The more Jnilever and others put up prices, the more we re lance our toxic unsustainable economy,

People are fat, a chance to eat fewer imported calories perhaps

cells

Conrad wrote: »

The great export and manufacturing revolution continues, sod Ben & Jerrys from Unilever monopoly capitalism, I will be ordering British ice cream now, good for UK dairy farmers.

The working class howl went out when they voted Brexit, little did they know the economic rebalancing would begin quite so rapidly. Manufacturing and exports creates jobs with dignity, away from the rentier Amazon society where those with capital in Amazon shares earn rent whilst an army of low paid transactional agents do all the work

The more Jnilever and others put up prices, the more we re lance our toxic unsustainable economy,

People are fat, a chance to eat fewer imported calories perhaps

what empty nonsense

cells

Conrad wrote: »

People are fat, a chance to eat fewer imported calories perhaps

if the brexit idea is to leave the EU and have free trade deals with much more of the world you should expect more imported calories and less local ones

CLAPTON

cells wrote: »

if the brexit idea is to leave the EU and have free trade deals with much more of the world you should expect more imported calories and less local ones

probably depends upon the exchange rate
I see you are assuming brexit bring a much higher value for the pound : you're probably right in the medium term, as brexit will be economically as well as socially and environmentally good for the people of the UK

Herzlos

What are our predictions on fuel price changes, since oil is traded in USD and now 15% more expensive?

wotsthat

CLAPTON wrote: »

please don't steal my best lines : I know you have none of your own but try concentrating on the economic reality rather than your EU (white, christian, protectionist) religion.

Of course I believe that brexit was indeed the event that triggered the re-evaluation of the real trade situation of the UK.
However, you can independently look up the trade deficit and the usual consquequences for countries that continue to run high current current deficits.
The decrease in the value of the pound was inevitable but as always the timing is uncertain

In the mean time, you can continue to celebrate the current account deficit
and the foreign asset net decreasing balance
and the foreign net dividend increasing deficit

even if you are the only person in the UK that does so.

Sterling is traded by people putting their money where their mouth is. If you think Brexit triggered a sudden realisation among such traders on the 24th June that it was time to start pricing Sterling 'correctly' because of the trade deficit you're suffering from the worst case of confirmation bias I've ever seen. That's saying something given this board is the spiritual home for confirmation bias.

I'm not celebrating current account deficits or foreign dividend flows. That and the crap about white Christians and Black Africans is just you telling yourself nice stories for reasons that make sense only to yourself.