Brexit, the economy and house prices part 5

Thrugelmir

gfplux wrote: »

No one has posted the inflation figures for October so I thought I would be helpful.

Outside of the bubble there are other threads.

https://forums.moneysavingexpert.com/discussion/5587377

Brexit is only one part of a far bigger constantly changing picture.

Herzlos

tracey3596 wrote: »

:rotfl:
This from one who calls leave supporters "
In the continuation of that just a few posts ago you go on to say
That seems to sum up your own post pretty well since there is zero evidence supporting your claim that food imported from elsewhere will be of a lower standard than the EU requires. CAP doesn't help either does it; who remembers their wine lakes and butter mountains - and now they suffer shortages of both. Or should we talk about (for example) the EU's poor record in the transportation of livestock?

As for your oft-debunked "chlorinated chicken" myth?
Lots was written which (strangely) you completely disregard, not least that much of our ready-to-eat salad produce is also washed in a chlorine rinse. I suppose you never, ever eat that though.
https://static1.squarespace.com/static/56eddde762cd9413e151ac92/t/59747741bf629a8e3d01a494/1500804930480/Chlorinated+Chicken.pdf

I'm sure North African countries especially would prefer to grow to our standards and export their produce. Spain won't mind the loss and I'm sure that labour costs in North Africa are more than in Spain too. :whistle:

I didn't say all imported food will be of lower standards.

Food import prices are on the whole going to go up with tariffs. The only way we can bring imported food prices down is to drop the quality requirements and bring in stuff that isn't allowed in the EU.

On the chlorinated chicken; we've been round this a few times. The issue isn't the chlorine which is safe, it's the reason behind the closing. Chickens that grow covered in their own waste beside rotting carcasses and necrotic flesh. The chlorine is a fudge for looking after the animals properly.

That's basic logic, not backwards thinking.

Herzlos

Thrugelmir wrote: »

One manufacturer, Honda, whose market share is in decline............

The Swindon plant has been running at below capacity for years. Honda is struggling in Europe.

So we shouldn't care about the colossal costs a hard brexit will generate? Or that it might push them to move back into the customs union?

To be fair they are running a very tight jit manufacturing process so can mitigate some of that by holding more stock. They still face all the same problems getting the stock in, and if it's being used faster than it can clear customs it just isn't viable.

Arklight

gfplux wrote: »

No one has posted the inflation figures for October so I thought I would be helpful.
1. Main points
The Consumer Prices Index including owner occupiers’ housing costs (CPIH) 12-month inflation rate was 2.8% in October 2017, unchanged from September 2017.
The inflation rate for food and non-alcoholic beverages continued to increase to 4.1%, the highest since September 2013.
Rising prices for food and, to a lesser extent, recreational goods provided the largest upward contributions to change in the rate between September 2017 and October 2017.
The upward contributions were offset by falling motor fuel and furniture prices, along with owner occupiers’ housing costs, which remained unchanged between September 2017 and October 2017, having risen a year ago.
The Consumer Prices Index (CPI) 12-month rate was 3.0% in October 2017, unchanged from September 2017.

https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/october2017

3% inflation all caused by ??????

Inflation is another thing the wealthy and retired on here, arguing bitterly for their ideal of an isolated British future without a welfare state, don't care about.

They don't understand that food going up by 4% a year while most working people's wages have risen by less than 1% per annum for a decade, causes real hardship for families. They don't do a family shop after all.

vivatifosi

Arklight wrote: »

Inflation is another thing the wealthy and retired on here, arguing bitterly for their ideal of an isolated British future without a welfare state, don't care about.

They don't understand that food going up by 4% a year while most working people's wages have risen by less than 1% per annum for a decade, causes real hardship for families. They don't do a family shop after all.

I don't think that's a fair comparison. Food prices have indeed gone up 4% in the past year, and that can fairly linked to the fall in the pound since the referendum.

But given that the referendum only happened last year, it can hardly be blamed for ten years of poor wage increases following the GFC.

gfplux

tracey3596 wrote: »

You read the report. I guess you didn't much like it?
But since you insist, try this.
"British inflation unexpectedly held steady in October, wrong-footing the Bank of England"

Some experts were expecting inflation to reach 3.2% Great to see a Brexiter putting faith in experts.
Inflation at 3% and not 3.2% might not be as bad as the news could be but it is still BAD news and most caused by the drop in the value of the pound at the referendum result.
Good manners should suggest you link the quotes otherwise you could have made them up yourself or paraphrased something.
So link please.

gfplux

vivatifosi wrote: »

3% inflation, largely caused by the fall in the pound. There was a good piece on this on the 6pm R4 news tonight, saying that this has now largely made its way through the system. Therefore inflation is no longer the same threat that it was a few months back.

Experts suddenly being loved by Brexiters. Thank you.
Would it have been a bad piece if the expert said the opposite. You can bet there are experts out there who will say the currency drop has still to work its way through to retail.
Fact is inflation is at 3% that is bad news whatever way you spin it.

gfplux

Some posters are trying to defend the indefensible.
Inflation rises are rarely if ever nothing but bad news.

andromedean

It seems that David Davis was wrong after all, it wouldn't be a fait accompli if the deal is voted down! I'm still vague on the detail, but one rumour is that the EU can go over Davies' and May's head directly to the UK Parliament, and ask them do you really wish to leave the EU given this? The Government is so weak they can't avoid this.

Jo Maugham QC‏ Verified account @JolyonMaugham

David Davis says a lot of things. Most of them are wrong. This is one of them.
https://twitter.com/christopherhope/status/930113752975933447 …

Christopher Hope ��‏Verified account @christopherhope
BREAKING Britain will leave the EU without a deal if MPs vote down final deal, David Davis said. MPs in the House of Commons audibly gasped.

Read this part of the thread

Jo Maugham QC‏Verified account @JolyonMaugham
The consistent noises coming from the EU are that we also have the choice to remain.

Barry Meade‏ @Fireproof_Barry
Wouldn't that 3rd option have to be in the bill presented by UKGOV, which it surely won't be?

Jo Maugham QC‏Verified account @JolyonMaugham
No. Because MPs can amend that bill.

Resjudicatamyfoot‏ @Resjudicatamyft
Imagine that! Right at the last minute they reverse the thing.

https://twitter.com/JolyonMaugham/status/930120767467085824

mayonnaise

Moby wrote: »

Even the people of Grimsby realise how wrong they were:-
http://www.anyvoice.co.uk/politics/gobsmacking-hypocrisy-brexit-stronghold-town-seeks-exemption-brexit/

This whole Brexit thingy is descending into a bit of a farce isn't it?
One of the most pro-Leave areas seeking exemption from the damaging effects of Brexit! :rotfl:
Time to call it off.