Blimey there’s some hysterics on this thread.
Relax guys all that will change is that nothing will change at all.
Yes there’s going to be some fluctuations in the pound but the govt ain’t daft and neither are companies that trade in multiple currencies.
Course in the short to medium term things could get tight although not as tight as the hysterical media would have us believe.
Take marmite, that bloody stuff is so expensive anyway no one would notice if it went up 20%.
Currency trading is very emotional, the pound will rally and we will all be fine.
If not I’ll join half the doom mongers on this thread jumping in the cut.
Trust Theresa she only has till the next general election to get a good outcome or risk being booted out, that’s if there’s no votes of ‘no confidence’ along the way.
The-Snowman:
Wheelnutt & Dolph -
Will you two calm down for [zb] sake.
No one expected this to be smooth. No one thought it would be done over night. No one expected all other countries to be showing their hand and offering sweetheart deals to trade with them. No one thought it would be all rosy and peachy immedietly after the vote. No one expected the pound to rocket. No one expected to be £2K a month better off four months after the result
The way you two are carrying on is pretty pathetic.
Wheelnutt sounds like he’s one more bit of bad news away from roaming the streets with a sandwich board round his neck and ringing a bell and Dolph seems to be furious that no one from this site has secured any deals with other countries and is blaming us for it
+1
Calm down dears
Can I put it another way
If you were born and breed in this country then yes you can have your 10p worth
If you’ve come here to work and live from an other country
SHUT UP ! Your only here because of our membership of the EU allowing free movement of labour and your now chucking toys out of Pram because you can’t ferret as much money back home instead of spending it here in U.K.
And for those that do care, Gilts dropping below 127 and yields highest since June. So not only is the pound crashing it is now a lot more expensive to borrow for the government.
And don’t forget 800% of our current account receipts worth of debt is due for refinancing in the next 12 months. Of course that is all now at a higher cost also. So not only are we facing inflation both on the input and the output cycle, the cost of our debt is increasing and it is costing us a lot more to refinance what is coming due.
“Gilt yields rising” will help the pension deficits that abound. Mind you, A long gilt price of 127 is still historically high. Yields around the 2% mark though - are good enough to attract savers again, and of course good for Foreigners too - what with their built-in 16% discount. If the pound recovers in time for maturity - they’ll perform like a derivative as well, because of the compounding effect over time. I’m thinking of buying one as my mortgage repaypayment vehicle - but they are not cheap enough for me to afford yet.
The cost of our government debt is fixed upon taking it out. Borrowing further amounts each and every week makes it more expensive to take on more borrowing - but doesn’t effect the massive outstanding amount of debt already in the market.
How many of us work for a firm that directly imports food?
I do.
How have my fortunes been over the past twelve months?
Pretty good actually.
Nick Clegg seemed to think that people like me would be LOSING such jobs in droves - not getting them.
I’m quite happy in my new job of less than a year at Brakes.
Like Remoaners though, most people on here seem to slag brakes off all the time, and I doubt if such critics have even worked for them.
I did 3 years on and off on agency there, and found I just had the “office politic” to get past. Do that - and it’s actually quite a cushy job!
OVLOV JAY:
The remoaners are all selfish, riding the golden goose for themselves instead of thinking about the country. All worried about keeping their cheap flights to Spain, although the low pound is good for tourism and exports. Self centred like their European masters they’ve been brainwashed to follow
Why selfish?
I live here now not in 40 yrs time. I enjoy my hols and standard of living. Why would I willingly sacrifice those at the alter of someone else’s idea of Utopia?
Isn’t the truth of the whole EU thing - “Our perception of wealth re-distribution” one way or the other…
“In” the EU there are subsidies galore for stuff that otherwise might not get such subsidies.
“Out” and there isn’t really any reason why such subsidies cannot continue - but because of this “Austerity” thing - we’re expecting that all stuff currently positive for being in the EU - will be LOST.
So it comes down to our expectations about Austerity itself then:
There are plenty of people like myself who feel that “Austerity is the price we pay to make up our EU contributions and our debt repayments”.
So… To END Austerity - we either have to default our debts - as Russia did in the 90’s, or Iceland did during the credit crunch… OR we stop paying to the EU for something that costs us a lot more money on top of that which we already pay in. There’s no rule that says "Once out, we must lay off all our artists, scientists, etc. that were getting EU grants - we just allocate some of that money we used to pay by that point - over to the relevant sectors… Bringing back some kind of infrastructure regeneration programme, and even some factory building plus more R&D grants - and we’ll be well away.
The PROBLEM is that our idiot politicians are on a “Status Quo” running of “We are still paying the EU the money each and every week”. It matters not if it’s £350m or £1.50. We’re net paying - and we’re not showing any signs of halting those payments as yet, four months on from the Brexit vote.
THAT is why we are facing so much “downside” right now. There isn’t any “upside” to be had UNTIL we stop paying that money over!
FFS if we have to default to stop paying “Debt Collector” EU - then let’s just bloody well do that and get on with it please!
Hard Brexit is only hard for the EU - it’ll be the best way for the UK - because we make money the moment we stop wasting it by throwing it at them all the while instead!
Winseer how do you expect to stop payments, when in fact you are still full member of EU with all of the benefits and obligations. You want to stop payments, but refuse to trigger article 50 which will lead to Brexit, do you see the oxymoron?
You think you gonna save money, I think you gonna loose a lot more money once you are out of the single market, 350m for NHS are and will continue to be dream, funding for scientists…yeah right. The Tory scraped your nurse study program, so now you have to import medical staff from EU. And you rely on this politicians to negotiate Brexit with EU.
There is no winners in Brexit, simply one side(UK) will be hurt a lot more then the other, simply because the hit will be spread among 27 countries.
When you think about it, the worst that could have happen is to become like Russia and Eastern Europe in the 90’s.
But is the British populace ready for economic crisis like that, can you handle it is the question, because today generation its no where near the WW2 generation
OVLOV JAY:
The remoaners are all selfish, riding the golden goose for themselves instead of thinking about the country. All worried about keeping their cheap flights to Spain, although the low pound is good for tourism and exports. Self centred like their European masters they’ve been brainwashed to follow
Why selfish?
I live here now not in 40 yrs time. I enjoy my hols and standard of living. Why would I willingly sacrifice those at the alter of someone else’s idea of Utopia?
Sent from my X17 using Tapatalk
To build a utopia for your kids and grandkids. Like our fathers and grandfathers did for us. It’s a little less self serving and a bit more self sacrifice.
OVLOV JAY:
The remoaners are all selfish, riding the golden goose for themselves instead of thinking about the country. All worried about keeping their cheap flights to Spain, although the low pound is good for tourism and exports. Self centred like their European masters they’ve been brainwashed to follow
Why selfish?
I live here now not in 40 yrs time. I enjoy my hols and standard of living. Why would I willingly sacrifice those at the alter of someone else’s idea of Utopia?
Sent from my X17 using Tapatalk
To build a utopia for your kids and grandkids. Like our fathers and grandfathers did for us. It’s a little less self serving and a bit more self sacrifice.
OVLOV JAY:
The remoaners are all selfish, riding the golden goose for themselves instead of thinking about the country. All worried about keeping their cheap flights to Spain, although the low pound is good for tourism and exports. Self centred like their European masters they’ve been brainwashed to follow
Why selfish?
I live here now not in 40 yrs time. I enjoy my hols and standard of living. Why would I willingly sacrifice those at the alter of someone else’s idea of Utopia?
Sent from my X17 using Tapatalk
To build a utopia for your kids and grandkids. Like our fathers and grandfathers did for us. It’s a little less self serving and a bit more self sacrifice.
By fighting wars and conquering nations?
It’s about doing whatever you need to. In years gone by it was wars, nowadays it’s more a war of social classes. The race to the bottom is a war in itself, and we don’t sort it now, what sort of a nation will we be retiring in to? Already less than a quarter of under 40’s own property. If that carries on in 25 years it’ll be less than a quarter of the working population. Whose paying for their housing when they retire? They won’t have savings after a lifetime of paying 40% earnings in private rent. And the only people who will own property will be the ones who’ve inherited their parents but to let nest egg. They’re just a couple of modern wars we need to fight as a generation
OVLOV JAY:
Cash is king, and once it’s too expensive to import, some entrepreneurs will see gaps in the market and we’ll start producing here again. Some people make it sound like our limbs have been cut off. We’re perfectly capable of doing for ourselves
Is the correct answer. We kickstarted the industrial revolution so I’m sure we can weather whatever storm is coming our way. It’s a short term hit for what I think will be a long term pay off.
Any Europeans not happy with us anymore are free to leave. Don’t let the door hit you on the way out though, it’ll cost us 20% more to fix the damage these days.
Come on Jay! The most selfserving generation we have seen is the one that took full advantage of Maggie’s bribes. Buy a cheap council house, sell it 5 yrs later and use the profit to outbid on a house in a nicer area. They’re the ones to blame for property inflation and now they ■■■■■ because their grandkids can’t buy a house!
We all just have to work with what previous generations leave us and every generation is out for itself.
Munchkin:
Come on Jay! The most selfserving generation we have seen is the one that took full advantage of Maggie’s bribes. Buy a cheap council house, sell it 5 yrs later and use the profit to outbid on a house in a nicer area. They’re the ones to blame for property inflation and now they ■■■■■ because their grandkids can’t buy a house!
We all just have to work with what previous generations leave us and every generation is out for itself.
Sent from my X17 using Tapatalk
I agree, and they’re the ones moaning right now. The 50 something’s that are property rich and desperate to hang onto the status quo for their nest egg, not giving a monkeys about what’s going on to their own children. It’s ironic when most downsize and use the collateral to help the kids, and that’s only because they won’t move out if they don’t.
But I’m actually a massive fan of right to buy, just not how it has been executed. If they had built a house for every house sold, then it would be a given that you would buy your first house that way, giving everyone an opportunity onto the ladder. Instead they let a few on, and pulled the ladder up.
And for those that do care, Gilts dropping below 127 and yields highest since June. So not only is the pound crashing it is now a lot more expensive to borrow for the government.
And don’t forget 800% of our current account receipts worth of debt is due for refinancing in the next 12 months. Of course that is all now at a higher cost also. So not only are we facing inflation both on the input and the output cycle, the cost of our debt is increasing and it is costing us a lot more to refinance what is coming due.
No surprise you seem to want to gloss over the inconvenient fact that we went from the pound being worth 2.5 CHF and 2.4 Dollars and no major structural debt crisis before we joined the EEC/EU to everything you’ve described there as a member of the scam.Remind us again that makes the case for joining let alone remaining in the EU how.
OVLOV JAY:
Cash is king, and once it’s too expensive to import, some entrepreneurs will see gaps in the market and we’ll start producing here again. Some people make it sound like our limbs have been cut off. We’re perfectly capable of doing for ourselves
Is the correct answer. We kickstarted the industrial revolution so I’m sure we can weather whatever storm is coming our way. It’s a short term hit for what I think will be a long term pay off.
Any Europeans not happy with us anymore are free to leave. Don’t let the door hit you on the way out though, it’ll cost us 20% more to fix the damage these days.
OVLOV JAY:
I agree, and they’re the ones moaning right now. The 50 something’s that are property rich and desperate to hang onto the status quo for their nest egg, not giving a monkeys about what’s going on to their own children. It’s ironic when most downsize and use the collateral to help the kids, and that’s only because they won’t move out if they don’t.
But I’m actually a massive fan of right to buy, just not how it has been executed. If they had built a house for every house sold, then it would be a given that you would buy your first house that way, giving everyone an opportunity onto the ladder. Instead they let a few on, and pulled the ladder up.
Blimey you’re falling into the trap of believing all the bs propaganda of the 1980’s boom.
I’m in my late 50’s and I could never afford to move out of the parental home.The difference is that I understood the reasons for that which are the exact opposite of what the remainers try to paint them as.While the generations you’re actually referring to were my parents’ to those born in the 1940’s.You know all those who had the benefit of the best and most important part of their working lives being spent in the pre EEC uk economy.As opposed to Thatcher’s etc EEC/EU dream.
.
