Debate House Prices


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What's the plan Stan?

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Comments

  • Doozergirl
    Doozergirl Posts: 34,078 Forumite
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    lovinituk wrote: »
    Are you going to cry over all my posts? This party was over a couple of days ago.

    Remind yourself of that, please.
    Everything that is supposed to be in heaven is already here on earth.
  • GDB2222
    GDB2222 Posts: 26,291 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    lovinituk wrote: »
    Yes I voted leave. I'm not sure what the government plans are yet as they haven't been announced.

    Personally our business is doing well. The large amount of dollar sales we make are converting nicely to sterling at the moment. Our EU customers are still buying from us with no sign of a decline in sales. We continue to export to Australia where our sales are higher than the EU combined. Sales to non-EU Norway are still the highest of any European country. Plenty of other similar business owners I know reporting the same sort of thing. The country will grow and prosper.

    Thanks for your concern.

    Well, of course the present situation is good for you. You have a lower GBP, plus the benefit of still being in the EU.

    Now think ahead two years. Your costs will have gone up, because of the lower GBP. There'll be tariff barriers against you. I suggest saving any profit you're making now, because you're going to need it!
    No reliance should be placed on the above! Absolutely none, do you hear?
  • lovinituk
    lovinituk Posts: 5,711 Forumite
    1,000 Posts Combo Breaker
    GDB2222 wrote: »
    Well, of course the present situation is good for you. You have a lower GBP, plus the benefit of still being in the EU.

    Now think ahead two years. Your costs will have gone up, because of the lower GBP. There'll be tariff barriers against you. I suggest saving any profit you're making now, because you're going to need it!
    We (my business for those not keeping up) already sell far more to non-EU countries that already have tariff barriers and we also sell a huge amount in the US shipped directly from US fulfilment centres.

    If the pound goes back up we have always sold well to the EU with a strong pound. The majority of our EU sales are lowish value to end users who would not be charged import fees anyway due to being under thresholds.

    If the pound is weak we get far more £'s for our $'s and Euros. If the pound is strong our stock is cheaper. Either way works.

    I reckon we will be fine thanks.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    GDB2222 wrote: »
    Well, of course the present situation is good for you. You have a lower GBP, plus the benefit of still being in the EU.

    Now think ahead two years. Your costs will have gone up, because of the lower GBP. There'll be tariff barriers against you. I suggest saving any profit you're making now, because you're going to need it!

    why do costs go up because of lower GDP?
  • GDB2222
    GDB2222 Posts: 26,291 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    CLAPTON wrote: »
    why do costs go up because of lower GDP?

    Everything imported goes up in price. That includes all your energy costs for example.
    No reliance should be placed on the above! Absolutely none, do you hear?
  • GDB2222
    GDB2222 Posts: 26,291 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    lovinituk wrote: »
    We (my business for those not keeping up) already sell far more to non-EU countries that already have tariff barriers and we also sell a huge amount in the US shipped directly from US fulfilment centres.

    If the pound goes back up we have always sold well to the EU with a strong pound. The majority of our EU sales are lowish value to end users who would not be charged import fees anyway due to being under thresholds.

    If the pound is weak we get far more £'s for our $'s and Euros. If the pound is strong our stock is cheaper. Either way works.

    I reckon we will be fine thanks.

    But the tariffs you are up against have been negotiated by the EU. We won't have the same negotiating power on our own.

    If you are buying stock from overseas and selling overseas, then I agree that the level of sterling is unimportant. Your costs in the uk will obviously increase and you face uncertainty about the future tariff barriers, but this may not be a disaster for you. You may even be able to hire good staff more easily from all the unemployed.
    No reliance should be placed on the above! Absolutely none, do you hear?
  • lovinituk
    lovinituk Posts: 5,711 Forumite
    1,000 Posts Combo Breaker
    GDB2222 wrote: »
    But the tariffs you are up against have been negotiated by the EU. We won't have the same negotiating power on our own.

    If you are buying stock from overseas and selling overseas, then I agree that the level of sterling is unimportant. Your costs in the uk will obviously increase and you face uncertainty about the future tariff barriers, but this may not be a disaster for you. You may even be able to hire good staff more easily from all the unemployed.
    It will all be fine, I really do believe that. If I'm wrong then you can come back to this thread in 5 years and tell me "I told you so".
  • GDB2222
    GDB2222 Posts: 26,291 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    I don't need to wait five years. For most people, but especially for many of the people who voted for it, Brexit will be a disaster.
    No reliance should be placed on the above! Absolutely none, do you hear?
  • lovinituk
    lovinituk Posts: 5,711 Forumite
    1,000 Posts Combo Breaker
    GDB2222 wrote: »
    I don't need to wait five years. For most people, but especially for many of the people who voted for it, Brexit will be a disaster.
    Ok, come back and tell me in 6 months, 2 years or however long it takes. I voted on what I thought was best for me and my family and I stand by that.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    GDB2222 wrote: »
    Everything imported goes up in price. That includes all your energy costs for example.

    how is the price of imported goods dependent upon GDP?
This discussion has been closed.
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