Brexit the economy and house prices part 7: Brexit Harder

Herzlos

Exports grew 3% in GBP, that seems pretty good, but offset against a drop of about 10% in the value of GBP (1.19 EUR to 1.08) would imply that people aren't buying more in their own currencies?

The markets don't seem happy with our economic performance, with another drop in Sterling:


https://www.poundsterlinglive.com/gbp-live-today/11848-pound-sterling-drops-vs-euro-and-dollar-on-news-uk-economy-shrank-in-the-second-quarter

Moe_The_Bartender wrote: »

I don’t recall you posting about German manufacturing output contraction. Why is that and what do you blame that on?

It was already covered, we're not in Germany and I don't have any answers?


I'd assume that it's in part down to UK car buying slowdown due to uncertainty, part down to global trends and part down to the EV boom and emissions scandals disrupting car sales. Why do you think it is?

Moby

Herzlos wrote: »

That's a pretty good illustration as to why about half of Scots feel 2nd class. Our elected leadership is constantly abused and we're regularly being told to get back in our box and stop annoying England.

Would we be worse off going it alone? Maybe, but brexiteers are happy to do that to us anyway so how come it's ok for them?
Personally, I think we'll do alright. I'm more than happy to take the risk and pay a bit more tax.

Ireland is a good example. No one in Ireland would ever want to return to being part of the UK. It's also wrong to assume it's all about money, it isn't.

Moby

Moe_The_Bartender wrote: »

I don’t recall you posting about German manufacturing output contraction. Why is that and what do you blame that on?

What's this thing you brexiters have about Germany?

phillw

Herzlos wrote: »

The markets don't seem happy with our economic performance, with another drop in Sterling:

I actually think it's people clearing our their long position on sterling because of uncertainty, it seems to coincide more with Boris opening his mouth than anything else. I've seen predictions of parity against the dollar if he continues on his current path.

It'll be interesting to see how it pans out with the vote of no confidence, if he loses but refuses to leave no 10 then it'll bring the sterling crash forward from October 31st.

He's on course for the shortest UK PM tenure.

Moe_The_Bartender wrote: »

Data released today (10th May) by the Office of National Statistics (ONS) shows the 2018/19 financial year was a record-breaking year for UK exports, as they reached £639.9 billion

Sterling crashing is great news for foreigners buying our goods, not so good for the UK people.

Moe_The_Bartender

Moby wrote: »

It's also wrong to assume it's all about money, it isn't.

Neither is Brexit but it seems to be the only thing that matters to remainers.

Moe_The_Bartender

phillw wrote: »

I actually think it's people clearing our their long position on sterling because of uncertainty, it seems to coincide more with Boris opening his mouth than anything else. I've seen predictions of parity against the dollar if he continues on his current path.

It'll be interesting to see how it pans out with the vote of no confidence, if he loses but refuses to leave no 10 then it'll bring the sterling crash forward from October 31st.

Please explain what you mean by 'long position on Sterling'. I bet you haven’t the faintest idea what you’re talking about.

And who’s going to call a vote of no confidence? It won't be your mate Corbyn because Labour will then have to define its position on Brexit. And if it isn’t Corbyn, let us know who else can do it.

Arklight

Johnson tells staff to cancel leave. Looks like a snap election inbound. I think if it's Tory / Brexit Party coalition I will emigrate before they open the forced labour re-education camps.

As long as Corbyn doesn't come out in favour of Remain Labour should just make it over the wire but it'll depend a lot on the SNP and Lib Dems.

Takedap

Moby wrote: »

What's this thing you brexiters have about Germany?

It provides an excuse for whataboutism.



IE I know that we're doing badly but what about.....?

Moe_The_Bartender

Moby wrote: »

What's this thing you brexiters have about Germany?

What’s this thing you remainers have about a corrupt, disfunctional, undemocratic, wannabe empire known as the EU?

lisyloo

Moe_The_Bartender wrote: »

What’s this thing you remainers have about a corrupt, disfunctional, undemocratic, wannabe empire known as the EU?

It’s a bit like old age
Better than the alternative