If we vote for Brexit what happens

beecher2

Conrad wrote: »

Prices have fallen in spite of remainers relentless assurances they were rising fast.
l.

What prices have fallen Conrad? Inflation is predicted to increase from 1% to almost 4% in the next year.

Conrad

beecher2 wrote: »

What prices have fallen Conrad? Inflation is predicted to increase from 1% to almost 4% in the next year.

The assumption was prices were rising regardless, that there was no alternative.




From Setmefree's post today 12741;


'The increase in the value sold comes despite falling prices — an index compiled by the BRC found that shop prices fell 1.7 per cent in the month because of fierce competition between supermarkets'.

beecher2

Conrad wrote: »

'The increase in the value sold comes despite falling prices — an index compiled by the BRC found that shop prices fell 1.7 per cent in the month because of fierce competition between supermarkets'.

Thanks, not something I've really been aware of. It does say that there is inflationary pressure though and supermarket prices will increase when they are no longer happy to absorb the higher costs

However, the fall of the pound following the referendum is likely to mean higher prices for shoppers in the coming months with crisps brand Walkers and frozen foodmaker Birdseye both discussing whether to charge supermarkets more.

lisyloo

So your talking about one particular category of prices (assuming that one index is correct).
There are many others e.g. fuel (at the pumps), gas, electricity, air fares etc.
These are all combined into a "basket" at various %s to make up CPI.

wotsthat

Conrad wrote: »

The assumption was prices were rising regardless, that there was no alternative.

From Setmefree's post today 12741;

'The increase in the value sold comes despite falling prices — an index compiled by the BRC found that shop prices fell 1.7 per cent in the month because of fierce competition between supermarkets'.

If competition is so fierce between supermarkets that they can absorb a c20% devaluation of sterling and still reduce prices can you imagine how much prices might have fallen without the devaluation?

I sell into retailers. If you buy in, say, $ and sell in £ then it's proving to be a struggle to get price increases through. The retailer tactic is to ignore communications altogether or try and engage in a talking shop for a couple of years and hope it goes away. Some buyers are quite young and have hardly had to deal with inflation in their short careers - some of them are taking it quite personally.

Strangely, when they buy in foreign currency they seem quite keen to take steps to mitigate the price increase.

Most retailers require notice (12 - 16 weeks) of a price increase and most suppliers will be forward buying currency. By the year end the notice periods will be up and suppliers will be using rubbish currency to pay invoices.

Food prices are going up in 2017.

ruggedtoast

Conrad and the other one have found one example of one subsection of prices that have fallen this month and are completely ignoring all the other increases.

I would say they are grasping at straws but that's what Brexits all about innit.

ruggedtoast

wotsthat wrote: »

If competition is so fierce between supermarkets that they can absorb a c20% devaluation of sterling and still reduce prices can you imagine how much prices might have fallen without the devaluation?

I sell into retailers. If you buy in, say, $ and sell in £ then it's proving to be a struggle to get price increases through. The retailer tactic is to ignore communications altogether or try and engage in a talking shop for a couple of years and hope it goes away. Some buyers are quite young and have hardly had to deal with inflation in their short careers - some of them are taking it quite personally.

Strangely, when they buy in foreign currency they seem quite keen to take steps to mitigate the price increase.

Most retailers require notice (12 - 16 weeks) of a price increase and most suppliers will be forward buying currency. By the year end the notice periods will be up and suppliers will be using rubbish currency to pay invoices.

Food prices are going up in 2017.

Food will be going up across the board. Petrol will be going up, everything that requires petrol to be delivered will go up. Everyone who is paid in pounds is already 20% worse off than they were pre Brexit. Horribly apparent if you go overseas (I appreciate Breixtwits don't like overseas as they believe that the entire world is queuing up in Calais to come over here already).

At some point its going to dawn on even the thickest Brexiteer that they are worse off than they were. Of course that will be someone else's fault then too.

I wonder which minority they will pick on next.

mayonnaise

Chuka Umunna: Donald Trump and Brexiteers to blame for rise in hate crime across West

Mr Umunna compared Leave supporters to Mr Trump and his allies, accusing them all of creating "post truth politics" that whips-up anger against foreigners and the democratic system.

Amen to that, Chuka.

http://www.independent.co.uk/news/uk/politics/donald-trump-brexit-racism-chuka-umunna-labour-hate-crimes-rise-us-uk-brexiteers-nigel-farage-a7404191.html

wotsthat

David Davis says appeal result may not be known until early 2017

https://www.theguardian.com/politics/2016/nov/07/david-davis-parliament-will-not-dictate-brexit-talks

Farage is Marching on the supreme court

http://www.telegraph.co.uk/news/2016/11/06/nigel-farage-to-lead-100000-strong-march-on-supreme-court-on-day/

and now the Scottish government are attempting to intervene in the UK government's appeal

http://www.bbc.co.uk/news/uk-scotland-37909299

It's U turn time.

Conrad

ruggedtoast wrote: »

Conrad and the other one have found one example of one subsection of prices that have fallen this month and are completely ignoring all the other increases.

I would say they are grasping at straws but that's what Brexits all about innit.

Remainers told me after the vote that the economy would be nose diving by now, yet the post above shows the high street is booming


At every turn the nonsense doom narrative turns out wrong and then you lot say, ah but just wait another month, you'll see.


The economy is chugging along, trade will not be hampered. Moaning importers need to find British alternatives, where possible