BREXIT price rises

Graham_Devon

HAMISH_MCTAVISH wrote: »

It wasn't scaremongering and it wasn't Project Fear - the predictions were right. And this will hurt poorer communities across the UK the most.

Where are the Brexiters now, who said everything would be fine?

Oh come on. You were involved in enough discussions on this pre-vote to know that everyone on the brexit side was agreeing there would be an economic price to play.

So playing the "I was right" card is pointless. Everyone agreed the economy would have a wobble.

The point everyone was making then, and a point you still cannot seem to grasp is that many on the brexit side felt it was a price worth paying.

Obviously that theory comes with a caveat, in that total economic collapse would be a price too high. But that's not what we have got (as yet). Seizing these statistics as something evidential seems a bit premature. Wouldn't get too excited just yet.

The whole pound issue was worsened by the BOE, not once, but twice. They have severely talked it down since Brexit, hinting at numerous actions.....actionas which they don't seem prepared to actually take - but simply talk about.

HAMISH_MCTAVISH

Graham_Devon wrote: »

Obviously that theory comes with a caveat, in that total economic collapse would be a price too high. But that's not what we have got (as yet). .

And in other news....

GBP has overtaken the Argentinean Peso as the worst performing currency of the year.




Just.... Wow....

That's nothing other than a national humiliation.

chaostheory

Graham_Devon wrote: »

Oh come on. You were involved in enough discussions on this pre-vote to know that everyone on the brexit side was agreeing there would be an economic price to play.

So playing the "I was right" card is pointless. Everyone agreed the economy would have a wobble.

The point everyone was making then, and a point you still cannot seem to grasp is that many on the brexit side felt it was a price worth paying.

Obviously that theory comes with a caveat, in that total economic collapse would be a price too high. But that's not what we have got (as yet). Seizing these statistics as something evidential seems a bit premature.

Totally agree. Enough with the hysteria.

https://www.youtube.com/watch?v=i0GW0Vnr9Yc

chaostheory

HAMISH_MCTAVISH wrote: »

That's nothing other than a national humiliation.

What??? More humiliating than not being able to run your own country????

AnotherJoe

I see the Project Fear proponents are still running. The pound has "crashed" (its down by 2% today not 20%) and that's all bad apparently, no thought as to what that does to exporters. Great news for them. And incidentally for my pension and anyone else who has a global spread of investments as well.
No doubt in a few months time when the pound rises by 2% due to some fleeting bit of news, we'll be told "Pound soars terrible news for exporters"

The Pound will find its own level. Lower isnt necessarily worse, and gives the UK an edge in EU exit negotiations. Fretting over every blip and using day to day incidents as the proof of a trend helps no one.

Generali

chaostheory wrote: »

Totally agree. Enough with the hysteria.

https://www.youtube.com/watch?v=i0GW0Vnr9Yc

What's the price do you think? If you don't have a price in mind then you can't know if it's worth paying.

So exactly how much do you think it's worth getting rid of a bunch of venal, corrupt politicians from Brussels to replace them with a bunch of venal corrupt politicians from London? Let's say to the nearest billion quid.

mrginge

DollarSaver wrote: »

Moreover cutting to the chase I fear the seeds of fascism have been sown in the U.K. and we thus far have been the only country in Europe to have fallen for it. It is up to each and every one of us to ensure we do not end up with a far right government who will in essence dictate what happens. Shameful that a country that once fought against such a scourge be fooled into the same thing again. Fascism won't look like Hitler in 2016. Have your eyes open to what parties like U.K.I.P and Farage really represent. Don't be fooled again by clown like smiley faces.

Fascism is easily defined: I am owed something, someone has taken something from me and it is group X that is to blame and who should be punished. So shameful, our forefathers who sacrificed their lives fighting against fascism will be turning in their graves.

So please think about it and what it means for the future. Don't make the same mistakes twice.

And yet here we are, only a month after the vote, with a new government that is talking about social and economic polices that are closer to the left of centre rather than moving further out to the UKIP right.

TrickyTree83

Generali wrote: »

What's the price do you think? If you don't have a price in mind then you can't know if it's worth paying.

So exactly how much do you think it's worth getting rid of a bunch of venal, corrupt politicians from Brussels to replace them with a bunch of venal corrupt politicians from London? Let's say to the nearest billion quid.

Being pragmatic I'd say ~£4,000 worse off per household by 2030 at a guess.

At least that was the severe-shock scenario that was touted by HM Treasury (and widely derided). If Osborne is proved correct, he's been vindicated and us leave voters will have to accept that we voted for that situation.

Graham_Devon

HAMISH_MCTAVISH wrote: »

And in other news....

GBP has overtaken the Argentinean Peso as the worst performing currency of the year.




Just.... Wow....

That's nothing other than a national humiliation.

You see, the problem is, you have a back catalogue of posts on the value of the pound.

And while you may now be claiming this is all ever-so damaging, you've previously (in the last 18 months) said a pound at around this level is "the long term average trading range" and argued that a lower pound is good for exports, tourism and wealthy investors deciding to invest in the UK.

You were arguing against someone stating that the pound devaluing could be bad for us.

Now, you, are making that very argument you were arguing against. And as you claim, you are always right, this leaves us in a bit of a quandry.

You:

The strength of the pound back in 2007 was the abnormal situation.

The pound was unsustainably high, and that it would fall was a matter of when, not if....

And when it did fall after the crisis it only dropped back into the long term average trading range where it's sat for the last few years.

http://forums.moneysavingexpert.com/showpost.php?p=65952079&postcount=47

You:

Pursuing monetary policies which weaken the pound to increase competitiveness of exports would be the most obvious example.

http://forums.moneysavingexpert.com/showpost.php?p=62290257&postcount=5

You:

Not all bad of course, as a weaker pound is beneficial for exports and tourism. Even if it is unintentional.

http://forums.moneysavingexpert.com/showpost.php?p=59069029&postcount=19

I could continue, but you get the drift...

And now- after a low pound being so good for our exports, tourism the wealthy investing here..... you are biting off your nails in a panic and calling our low pound an humiliation?

One may suggest you are letting this brexit stuff get too you a little.

Thrugelmir

TrickyTree83 wrote: »

Being pragmatic I'd say ~£4,000 worse off per household by 2030 at a guess.

Average household has barely seen their income rise in line with inflation for the past 15 years. The "wealthy" are the ones heading for a fall.