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Drop in pound a welcome change
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"But in the same article we have a forecast staing we could lose £66 billion after a hard Brexit. I am now convinced that absolutely no one on either side has a bloody clue what is going to happen. All these forecasts from experts are just that a forecast based on what has gone on in the past. The trouble is that there has never been a Brexit before so what has gone before cannot be a pointer to what will happen in the future. There will in my humble opinion not be a parliamentry vote on Brexit hard or soft, it looks like the government has taken the stand the people have spoken and we are implementing the peoples will. In the mean time all the doom and gloom will continue" Agreed how can anyone know if it has never happened before we will have to wait and see. | |||
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" I suppose it's a matter of principle, do you want to stimulate the UK manufacturing business that has had decades of being stifled by cheap imports? Or are you one of those pull up the ladder types who are happy as long as you can spend your money on cheap foreign goods?? Personally I choose the former, even though it has been a long time since I was involved in manufacturing. I have also been guilty of buying imported "bargains" and at work I have to sell them. But I have children, and extended young family members around the UK. They will be the main beneficiaries of a strong island nation, doing business with anyone and everyone in the world we choose. " Who do you think is going to rock up and start building ships, cars and motorcycles again when those who are already here want guarantees about single market access? Let's just for one second though imagine that you are right and there is a sudden and huge resurgence of maunufacturing and the economy takes off - where will the employees come from to fuel it? If the economy will be stronger than it is now because of manufacturing, you presumably accept that there will be more immigration than there is now? Your young children will no longer be at the heart of a 28 nation economy with opportunities to work anywhere in Europe - No. They will be relying on other people to hopefully set up shop in the UK and start manufacturing again and the main pull factor.... The currency is devalued because businesses and investors have no faith in the future direction of the country. Bit of a Catch 22. This is the problem with many of the Leave argunments. They rely on a sense of outdated British entitlement that simply no longer exists in the real world. The casual usage of the word "we" is a perfect example... "We" can trade with the rest of the world "We" can get manufacturing jobs back "We" can trade with the EU because they need us miore than we need them. The reality is that most Leavers are not part of the "We". The entire Leave vote was about frustration that foreigners were taking jobs, foreigners were taking benefits, foreigners were making rules, foreigners were making laws... But just how many Leavers got off their arses to improve their own lives instead of blaming others? The very reason that so many migrants came to the UK is because it was a country of great opportunity, not the basket case that negative Leavers portrayed. Why would 3,500,000 (and more) come to work in a basket case ecionomy? Leaving the EU is not going to solve the mythical problems, it will instead arrive with a host of other much more serious problems for which Leavers will have to look in the mirror for someone to blame. | |||
"If you read my post again you will see that I am in favour of the weak pound, as I feel it will stimulate the UK manufacturing industry. People in other countries were not that keen to buy our goods because they were overpriced. Hopefully we will see a renaissance in British made goods sooner rather than later." Quick question - you seem to think that a 'cheap' pound, which it is not really in comparison to other devalued currencies, will lead to Britain having to export more at an affordable export price, therefore triggering a UK manufacturing resurgence... But what will we actually export? Because as a nation state exporter I imagine on things like Steel, China and America will out compete us simply due to size and scale, we can't really do oil anymore and our most valuable export at the moment is our services sector - eg banking ect, which actually values from a strong sterling. A hypothesis is fine, but you've got to have more than just the idea. | |||
"If you read my post again you will see that I am in favour of the weak pound, as I feel it will stimulate the UK manufacturing industry. People in other countries were not that keen to buy our goods because they were overpriced. Hopefully we will see a renaissance in British made goods sooner rather than later. Quick question - you seem to think that a 'cheap' pound, which it is not really in comparison to other devalued currencies, will lead to Britain having to export more at an affordable export price, therefore triggering a UK manufacturing resurgence... But what will we actually export? Because as a nation state exporter I imagine on things like Steel, China and America will out compete us simply due to size and scale, we can't really do oil anymore and our most valuable export at the moment is our services sector - eg banking ect, which actually values from a strong sterling. A hypothesis is fine, but you've got to have more than just the idea." Britain still manufactures quality products that are desired the world over. Jaguar land rover has just seen it's highest sales month ever recorded post Brexit and JCB who I mentioned in my OP export all over the world. Many other British manufacturing companies will benefit greatly in their exports from the drop in the value of the pound. Britain is also a great entrepreneurial country and many other exporting business could now start up here too. | |||
" I suppose it's a matter of principle, do you want to stimulate the UK manufacturing business that has had decades of being stifled by cheap imports? Or are you one of those pull up the ladder types who are happy as long as you can spend your money on cheap foreign goods?? Personally I choose the former, even though it has been a long time since I was involved in manufacturing. I have also been guilty of buying imported "bargains" and at work I have to sell them. But I have children, and extended young family members around the UK. They will be the main beneficiaries of a strong island nation, doing business with anyone and everyone in the world we choose. Who do you think is going to rock up and start building ships, cars and motorcycles again when those who are already here want guarantees about single market access? Let's just for one second though imagine that you are right and there is a sudden and huge resurgence of maunufacturing and the economy takes off - where will the employees come from to fuel it? If the economy will be stronger than it is now because of manufacturing, you presumably accept that there will be more immigration than there is now? Your young children will no longer be at the heart of a 28 nation economy with opportunities to work anywhere in Europe - No. They will be relying on other people to hopefully set up shop in the UK and start manufacturing again and the main pull factor.... The currency is devalued because businesses and investors have no faith in the future direction of the country. Bit of a Catch 22. This is the problem with many of the Leave argunments. They rely on a sense of outdated British entitlement that simply no longer exists in the real world. The casual usage of the word "we" is a perfect example... "We" can trade with the rest of the world "We" can get manufacturing jobs back "We" can trade with the EU because they need us miore than we need them. The reality is that most Leavers are not part of the "We". The entire Leave vote was about frustration that foreigners were taking jobs, foreigners were taking benefits, foreigners were making rules, foreigners were making laws... But just how many Leavers got off their arses to improve their own lives instead of blaming others? The very reason that so many migrants came to the UK is because it was a country of great opportunity, not the basket case that negative Leavers portrayed. Why would 3,500,000 (and more) come to work in a basket case ecionomy? Leaving the EU is not going to solve the mythical problems, it will instead arrive with a host of other much more serious problems for which Leavers will have to look in the mirror for someone to blame. " Just as a matter of interest _oo hot can I ask "If main land EU is so great why do so many migrants want to come to the UK"? | |||
"If you read my post again you will see that I am in favour of the weak pound, as I feel it will stimulate the UK manufacturing industry. People in other countries were not that keen to buy our goods because they were overpriced. Hopefully we will see a renaissance in British made goods sooner rather than later. Quick question - you seem to think that a 'cheap' pound, which it is not really in comparison to other devalued currencies, will lead to Britain having to export more at an affordable export price, therefore triggering a UK manufacturing resurgence... But what will we actually export? Because as a nation state exporter I imagine on things like Steel, China and America will out compete us simply due to size and scale, we can't really do oil anymore and our most valuable export at the moment is our services sector - eg banking ect, which actually values from a strong sterling. A hypothesis is fine, but you've got to have more than just the idea. Britain still manufactures quality products that are desired the world over. Jaguar land rover has just seen it's highest sales month ever recorded post Brexit and JCB who I mentioned in my OP export all over the world. Many other British manufacturing companies will benefit greatly in their exports from the drop in the value of the pound. Britain is also a great entrepreneurial country and many other exporting business could now start up here too. " Fair enough - though the businesses listed are only a few, it would be good to see ones which have had such good news and which haven't. Additionally I'll use the leaver argument for refuting remainder 'doom and gloom' - brexit hasn't happened yet, this news might not be a trend that gets repeated. Finally, as you said Britain has always been a good place for entrepreneurs - but why is it now better if we are leaving the EU? Last I heard many businesses liked Britain as we had a special arrangement with the EU, access to the single market, ect. Between loosing access to that and business uncertainty as plans are not being shared with the public and businesses over brexit, what is going to make the UK even more attractive for investors and start up companies? | |||
"If you read my post again you will see that I am in favour of the weak pound, as I feel it will stimulate the UK manufacturing industry. People in other countries were not that keen to buy our goods because they were overpriced. Hopefully we will see a renaissance in British made goods sooner rather than later. Quick question - you seem to think that a 'cheap' pound, which it is not really in comparison to other devalued currencies, will lead to Britain having to export more at an affordable export price, therefore triggering a UK manufacturing resurgence... But what will we actually export? Because as a nation state exporter I imagine on things like Steel, China and America will out compete us simply due to size and scale, we can't really do oil anymore and our most valuable export at the moment is our services sector - eg banking ect, which actually values from a strong sterling. A hypothesis is fine, but you've got to have more than just the idea." . Let me reverse this round, how would you intend to reduce our massive trade deficit and therefore our ever increasing debt without doing the above? | |||
"If you read my post again you will see that I am in favour of the weak pound, as I feel it will stimulate the UK manufacturing industry. People in other countries were not that keen to buy our goods because they were overpriced. Hopefully we will see a renaissance in British made goods sooner rather than later. Quick question - you seem to think that a 'cheap' pound, which it is not really in comparison to other devalued currencies, will lead to Britain having to export more at an affordable export price, therefore triggering a UK manufacturing resurgence... But what will we actually export? Because as a nation state exporter I imagine on things like Steel, China and America will out compete us simply due to size and scale, we can't really do oil anymore and our most valuable export at the moment is our services sector - eg banking ect, which actually values from a strong sterling. A hypothesis is fine, but you've got to have more than just the idea.. Let me reverse this round, how would you intend to reduce our massive trade deficit and therefore our ever increasing debt without doing the above?" I'm not disputing that sight deflation of the sterling and increased manufacturing is probably the most realistic way to achieve what you are laying out. What I am disputing is why leaving the EU makes this all the more possible? And also what will stimulate more business start ups here, more investment from existing ones, more jobs being created in this area? Isn't it catch 22? We devalue the sterling for more competitive export, but we lose the perks of being a trade block which has historically brought in a lot of businesses? | |||
"If you read my post again you will see that I am in favour of the weak pound, as I feel it will stimulate the UK manufacturing industry. People in other countries were not that keen to buy our goods because they were overpriced. Hopefully we will see a renaissance in British made goods sooner rather than later. Quick question - you seem to think that a 'cheap' pound, which it is not really in comparison to other devalued currencies, will lead to Britain having to export more at an affordable export price, therefore triggering a UK manufacturing resurgence... But what will we actually export? Because as a nation state exporter I imagine on things like Steel, China and America will out compete us simply due to size and scale, we can't really do oil anymore and our most valuable export at the moment is our services sector - eg banking ect, which actually values from a strong sterling. A hypothesis is fine, but you've got to have more than just the idea.. Let me reverse this round, how would you intend to reduce our massive trade deficit and therefore our ever increasing debt without doing the above? I'm not disputing that sight deflation of the sterling and increased manufacturing is probably the most realistic way to achieve what you are laying out. What I am disputing is why leaving the EU makes this all the more possible? And also what will stimulate more business start ups here, more investment from existing ones, more jobs being created in this area? Isn't it catch 22? We devalue the sterling for more competitive export, but we lose the perks of being a trade block which has historically brought in a lot of businesses?" . I never mentioned brexit I was taking about the devaluation of sterling?. As I've already stated elsewhere this would have happened eventually regardless of brexit, we've been overvalued for decades through many many government fiscal and monetary policies, thatcher and her followers thought many decades ago that the UK could be the management of the world without making anything, just shuffling paper work and finance around, I Thought she and they were off they're rocker in the 80s I think most of them are still delusional in that aspect as they've been "bought" of with over inflated house prices and "cheap" foreign holidays..... Now we've all got to pay the piper for they're lunacy in the 80s | |||
"It's swings and roundabouts, with a strong pound undermining manufacturing by driving up the price of exports, and a weak pound driving up the price of imports leading to a lack of cheap foreign goods. I suppose it's a matter of principle, do you want to stimulate the UK manufacturing business that has had decades of being stifled by cheap imports? Or are you one of those pull up the ladder types who are happy as long as you can spend your money on cheap foreign goods?? Personally I choose the former, even though it has been a long time since I was involved in manufacturing. I have also been guilty of buying imported "bargains" and at work I have to sell them. But I have children, and extended young family members around the UK. They will be the main beneficiaries of a strong island nation, doing business with anyone and everyone in the world we choose. I predict the triggering of article fifty to be pulled just after the Xmas holiday period, early in 2017. There might well be more negativity from the city and money markets, but with so many of the people involved in high finance and politics still riding the EU gravy train, that is to be expected. The truth will out when the dust settles, and everyone sthu and gets on with their work." How do you think a FTA with China for example would help this? | |||
"It's swings and roundabouts, with a strong pound undermining manufacturing by driving up the price of exports, and a weak pound driving up the price of imports leading to a lack of cheap foreign goods. I suppose it's a matter of principle, do you want to stimulate the UK manufacturing business that has had decades of being stifled by cheap imports? Or are you one of those pull up the ladder types who are happy as long as you can spend your money on cheap foreign goods?? Personally I choose the former, even though it has been a long time since I was involved in manufacturing. I have also been guilty of buying imported "bargains" and at work I have to sell them. But I have children, and extended young family members around the UK. They will be the main beneficiaries of a strong island nation, doing business with anyone and everyone in the world we choose. I predict the triggering of article fifty to be pulled just after the Xmas holiday period, early in 2017. There might well be more negativity from the city and money markets, but with so many of the people involved in high finance and politics still riding the EU gravy train, that is to be expected. The truth will out when the dust settles, and everyone sthu and gets on with their work. How do you think a FTA with China for example would help this? " We can have a trade agreement with anyone in the world we like, and that could well mean China. They are one of the worlds largest economies, and for that reason alone it would make sense. How it would help depends upon the agreement reached. We will (probably) see. | |||
" Just as a matter of interest _oo hot can I ask "If main land EU is so great why do so many migrants want to come to the UK"?" The EU is like an enlarged version of a country. In the same way that motivated people from the north of the UK travel to London and the SE in search of opportunity, so people can travel actross Europe to find opportunities. Some stay and some return. In the 1990's there was a recession in the UK and I along with others went to weork in Spain where I stayed and worked for ten years. The UK was the first European country to emerge from the 2008 banking recession and young, motivated Europeans saw the UK as an opportunity to better themselves in an economy that was creating jobs. The idea of the EU is that people can move freely between countries and this means that there will always be a good outlook for its citizens even if jobs are limited in their local area/region or indeed country. The immigration pull to the UK was economically lead and it could./would just as easily have been an emigration exodus had the country been in recession with massive unemployment. The whole problem of Brexit vision is that in the event of another recession in the UK the opportunity for people to travel and work elsewhere will become much more complicated. The natural evolution of restricting free movement is to do what they do in Russia and issue you with a "home" passport so that you have to stay in your local area. Not sure that is a route we want to take! | |||
"It's swings and roundabouts, with a strong pound undermining manufacturing by driving up the price of exports, and a weak pound driving up the price of imports leading to a lack of cheap foreign goods. I suppose it's a matter of principle, do you want to stimulate the UK manufacturing business that has had decades of being stifled by cheap imports? Or are you one of those pull up the ladder types who are happy as long as you can spend your money on cheap foreign goods?? Personally I choose the former, even though it has been a long time since I was involved in manufacturing. I have also been guilty of buying imported "bargains" and at work I have to sell them. But I have children, and extended young family members around the UK. They will be the main beneficiaries of a strong island nation, doing business with anyone and everyone in the world we choose. I predict the triggering of article fifty to be pulled just after the Xmas holiday period, early in 2017. There might well be more negativity from the city and money markets, but with so many of the people involved in high finance and politics still riding the EU gravy train, that is to be expected. The truth will out when the dust settles, and everyone sthu and gets on with their work. How do you think a FTA with China for example would help this? We can have a trade agreement with anyone in the world we like, and that could well mean China. They are one of the worlds largest economies, and for that reason alone it would make sense. How it would help depends upon the agreement reached. We will (probably) see." But having a FTA with China, will make Chinese goods cheaper in the UK. China is the factory of the world. A FTA will flood the UK with cheap imports. You say that you are worried about cheap imports, so I don’t see how making those very same imports even cheaper, why that would help UK manufacturing? | |||
" Britain still manufactures quality products that are desired the world over. Jaguar land rover has just seen it's highest sales month ever recorded post Brexit and JCB who I mentioned in my OP export all over the world. Many other British manufacturing companies will benefit greatly in their exports from the drop in the value of the pound. Britain is also a great entrepreneurial country and many other exporting business could now start up here too. " How many of those JLR sales were assembled in Slovakia?, how many JCB sales are assembled in India or China or Brazil, how competitive do you think either will remain when more and more parts are sourced as imports?, adding value is fine but when it's confined to shareholders where's the benefit to the UK economy? | |||
"It's swings and roundabouts, with a strong pound undermining manufacturing by driving up the price of exports, and a weak pound driving up the price of imports leading to a lack of cheap foreign goods. I suppose it's a matter of principle, do you want to stimulate the UK manufacturing business that has had decades of being stifled by cheap imports? Or are you one of those pull up the ladder types who are happy as long as you can spend your money on cheap foreign goods?? Personally I choose the former, even though it has been a long time since I was involved in manufacturing. I have also been guilty of buying imported "bargains" and at work I have to sell them. But I have children, and extended young family members around the UK. They will be the main beneficiaries of a strong island nation, doing business with anyone and everyone in the world we choose. I predict the triggering of article fifty to be pulled just after the Xmas holiday period, early in 2017. There might well be more negativity from the city and money markets, but with so many of the people involved in high finance and politics still riding the EU gravy train, that is to be expected. The truth will out when the dust settles, and everyone sthu and gets on with their work. How do you think a FTA with China for example would help this? We can have a trade agreement with anyone in the world we like, and that could well mean China. They are one of the worlds largest economies, and for that reason alone it would make sense. How it would help depends upon the agreement reached. We will (probably) see." Tell that to the Swiss | |||
"If you read my post again you will see that I am in favour of the weak pound, as I feel it will stimulate the UK manufacturing industry. People in other countries were not that keen to buy our goods because they were overpriced. Hopefully we will see a renaissance in British made goods sooner rather than later. Quick question - you seem to think that a 'cheap' pound, which it is not really in comparison to other devalued currencies, will lead to Britain having to export more at an affordable export price, therefore triggering a UK manufacturing resurgence... But what will we actually export? Because as a nation state exporter I imagine on things like Steel, China and America will out compete us simply due to size and scale, we can't really do oil anymore and our most valuable export at the moment is our services sector - eg banking ect, which actually values from a strong sterling. A hypothesis is fine, but you've got to have more than just the idea. Britain still manufactures quality products that are desired the world over. Jaguar land rover has just seen it's highest sales month ever recorded post Brexit and JCB who I mentioned in my OP export all over the world. Many other British manufacturing companies will benefit greatly in their exports from the drop in the value of the pound. Britain is also a great entrepreneurial country and many other exporting business could now start up here too. " But those companies are begging for a SOFT Brexit, not a Hard Brexit. Those companies have told you that it will have a negative impact on their businesses. Why do you think you know whats better for their businesses than they do? | |||
"If you read my post again you will see that I am in favour of the weak pound, as I feel it will stimulate the UK manufacturing industry. People in other countries were not that keen to buy our goods because they were overpriced. Hopefully we will see a renaissance in British made goods sooner rather than later. Quick question - you seem to think that a 'cheap' pound, which it is not really in comparison to other devalued currencies, will lead to Britain having to export more at an affordable export price, therefore triggering a UK manufacturing resurgence... But what will we actually export? Because as a nation state exporter I imagine on things like Steel, China and America will out compete us simply due to size and scale, we can't really do oil anymore and our most valuable export at the moment is our services sector - eg banking ect, which actually values from a strong sterling. A hypothesis is fine, but you've got to have more than just the idea. Britain still manufactures quality products that are desired the world over. Jaguar land rover has just seen it's highest sales month ever recorded post Brexit and JCB who I mentioned in my OP export all over the world. Many other British manufacturing companies will benefit greatly in their exports from the drop in the value of the pound. Britain is also a great entrepreneurial country and many other exporting business could now start up here too. But those companies are begging for a SOFT Brexit, not a Hard Brexit. Those companies have told you that it will have a negative impact on their businesses. Why do you think you know whats better for their businesses than they do?" follow the money for goodness sake, look how many companies are now investing in the UK | |||
"If you read my post again you will see that I am in favour of the weak pound, as I feel it will stimulate the UK manufacturing industry. People in other countries were not that keen to buy our goods because they were overpriced. Hopefully we will see a renaissance in British made goods sooner rather than later. Quick question - you seem to think that a 'cheap' pound, which it is not really in comparison to other devalued currencies, will lead to Britain having to export more at an affordable export price, therefore triggering a UK manufacturing resurgence... But what will we actually export? Because as a nation state exporter I imagine on things like Steel, China and America will out compete us simply due to size and scale, we can't really do oil anymore and our most valuable export at the moment is our services sector - eg banking ect, which actually values from a strong sterling. A hypothesis is fine, but you've got to have more than just the idea. Britain still manufactures quality products that are desired the world over. Jaguar land rover has just seen it's highest sales month ever recorded post Brexit and JCB who I mentioned in my OP export all over the world. Many other British manufacturing companies will benefit greatly in their exports from the drop in the value of the pound. Britain is also a great entrepreneurial country and many other exporting business could now start up here too. But those companies are begging for a SOFT Brexit, not a Hard Brexit. Those companies have told you that it will have a negative impact on their businesses. Why do you think you know whats better for their businesses than they do? follow the money for goodness sake, look how many companies are now investing in the UK" And you think that foreign investment into the UK is a good indicator of the success or failure of referendum result do you? That more foreign investment into the UK is a good thing? | |||
"If you read my post again you will see that I am in favour of the weak pound, as I feel it will stimulate the UK manufacturing industry. People in other countries were not that keen to buy our goods because they were overpriced. Hopefully we will see a renaissance in British made goods sooner rather than later. Quick question - you seem to think that a 'cheap' pound, which it is not really in comparison to other devalued currencies, will lead to Britain having to export more at an affordable export price, therefore triggering a UK manufacturing resurgence... But what will we actually export? Because as a nation state exporter I imagine on things like Steel, China and America will out compete us simply due to size and scale, we can't really do oil anymore and our most valuable export at the moment is our services sector - eg banking ect, which actually values from a strong sterling. A hypothesis is fine, but you've got to have more than just the idea. Britain still manufactures quality products that are desired the world over. Jaguar land rover has just seen it's highest sales month ever recorded post Brexit and JCB who I mentioned in my OP export all over the world. Many other British manufacturing companies will benefit greatly in their exports from the drop in the value of the pound. Britain is also a great entrepreneurial country and many other exporting business could now start up here too. But those companies are begging for a SOFT Brexit, not a Hard Brexit. Those companies have told you that it will have a negative impact on their businesses. Why do you think you know whats better for their businesses than they do? follow the money for goodness sake, look how many companies are now investing in the UK And you think that foreign investment into the UK is a good indicator of the success or failure of referendum result do you? That more foreign investment into the UK is a good thing?" Did I say foreign? But is it not a good thing? | |||
"If you read my post again you will see that I am in favour of the weak pound, as I feel it will stimulate the UK manufacturing industry. People in other countries were not that keen to buy our goods because they were overpriced. Hopefully we will see a renaissance in British made goods sooner rather than later. Quick question - you seem to think that a 'cheap' pound, which it is not really in comparison to other devalued currencies, will lead to Britain having to export more at an affordable export price, therefore triggering a UK manufacturing resurgence... But what will we actually export? Because as a nation state exporter I imagine on things like Steel, China and America will out compete us simply due to size and scale, we can't really do oil anymore and our most valuable export at the moment is our services sector - eg banking ect, which actually values from a strong sterling. A hypothesis is fine, but you've got to have more than just the idea. Britain still manufactures quality products that are desired the world over. Jaguar land rover has just seen it's highest sales month ever recorded post Brexit and JCB who I mentioned in my OP export all over the world. Many other British manufacturing companies will benefit greatly in their exports from the drop in the value of the pound. Britain is also a great entrepreneurial country and many other exporting business could now start up here too. But those companies are begging for a SOFT Brexit, not a Hard Brexit. Those companies have told you that it will have a negative impact on their businesses. Why do you think you know whats better for their businesses than they do? follow the money for goodness sake, look how many companies are now investing in the UK And you think that foreign investment into the UK is a good indicator of the success or failure of referendum result do you? That more foreign investment into the UK is a good thing? Did I say foreign? But is it not a good thing?" Sorry I thought you were talking about foreign investment into the UK. Do you think foreign investment into the UK is a good thing, or a bad thing? | |||
"It's swings and roundabouts, with a strong pound undermining manufacturing by driving up the price of exports, and a weak pound driving up the price of imports leading to a lack of cheap foreign goods. I suppose it's a matter of principle, do you want to stimulate the UK manufacturing business that has had decades of being stifled by cheap imports? Or are you one of those pull up the ladder types who are happy as long as you can spend your money on cheap foreign goods?? Personally I choose the former, even though it has been a long time since I was involved in manufacturing. I have also been guilty of buying imported "bargains" and at work I have to sell them. But I have children, and extended young family members around the UK. They will be the main beneficiaries of a strong island nation, doing business with anyone and everyone in the world we choose. I predict the triggering of article fifty to be pulled just after the Xmas holiday period, early in 2017. There might well be more negativity from the city and money markets, but with so many of the people involved in high finance and politics still riding the EU gravy train, that is to be expected. The truth will out when the dust settles, and everyone sthu and gets on with their work. How do you think a FTA with China for example would help this? We can have a trade agreement with anyone in the world we like, and that could well mean China. They are one of the worlds largest economies, and for that reason alone it would make sense. How it would help depends upon the agreement reached. We will (probably) see. Tell that to the Swiss" The Swiss have more trade deals than the EU. | |||
"If you read my post again you will see that I am in favour of the weak pound, as I feel it will stimulate the UK manufacturing industry. People in other countries were not that keen to buy our goods because they were overpriced. Hopefully we will see a renaissance in British made goods sooner rather than later. Quick question - you seem to think that a 'cheap' pound, which it is not really in comparison to other devalued currencies, will lead to Britain having to export more at an affordable export price, therefore triggering a UK manufacturing resurgence... But what will we actually export? Because as a nation state exporter I imagine on things like Steel, China and America will out compete us simply due to size and scale, we can't really do oil anymore and our most valuable export at the moment is our services sector - eg banking ect, which actually values from a strong sterling. A hypothesis is fine, but you've got to have more than just the idea. Britain still manufactures quality products that are desired the world over. Jaguar land rover has just seen it's highest sales month ever recorded post Brexit and JCB who I mentioned in my OP export all over the world. Many other British manufacturing companies will benefit greatly in their exports from the drop in the value of the pound. Britain is also a great entrepreneurial country and many other exporting business could now start up here too. But those companies are begging for a SOFT Brexit, not a Hard Brexit. Those companies have told you that it will have a negative impact on their businesses. Why do you think you know whats better for their businesses than they do? follow the money for goodness sake, look how many companies are now investing in the UK And you think that foreign investment into the UK is a good indicator of the success or failure of referendum result do you? That more foreign investment into the UK is a good thing? Did I say foreign? But is it not a good thing? Sorry I thought you were talking about foreign investment into the UK. Do you think foreign investment into the UK is a good thing, or a bad thing? " of course it's a good thing. Do you think not? | |||
"If you read my post again you will see that I am in favour of the weak pound, as I feel it will stimulate the UK manufacturing industry. People in other countries were not that keen to buy our goods because they were overpriced. Hopefully we will see a renaissance in British made goods sooner rather than later. Quick question - you seem to think that a 'cheap' pound, which it is not really in comparison to other devalued currencies, will lead to Britain having to export more at an affordable export price, therefore triggering a UK manufacturing resurgence... But what will we actually export? Because as a nation state exporter I imagine on things like Steel, China and America will out compete us simply due to size and scale, we can't really do oil anymore and our most valuable export at the moment is our services sector - eg banking ect, which actually values from a strong sterling. A hypothesis is fine, but you've got to have more than just the idea. Britain still manufactures quality products that are desired the world over. Jaguar land rover has just seen it's highest sales month ever recorded post Brexit and JCB who I mentioned in my OP export all over the world. Many other British manufacturing companies will benefit greatly in their exports from the drop in the value of the pound. Britain is also a great entrepreneurial country and many other exporting business could now start up here too. But those companies are begging for a SOFT Brexit, not a Hard Brexit. Those companies have told you that it will have a negative impact on their businesses. Why do you think you know whats better for their businesses than they do? follow the money for goodness sake, look how many companies are now investing in the UK And you think that foreign investment into the UK is a good indicator of the success or failure of referendum result do you? That more foreign investment into the UK is a good thing? Did I say foreign? But is it not a good thing? Sorry I thought you were talking about foreign investment into the UK. Do you think foreign investment into the UK is a good thing, or a bad thing? of course it's a good thing. Do you think not?" I do think its important, so does the London School of Economics, you know the same organisation that the government have commissioned to advise them on Brexit issues. Here's what the LSE say about Foreign Direct Investment: The UK has an FDI stock of over £1 trillion, about half of which is from other members of the European Union (EU). Part of the UK’s attractiveness for foreign investors is that it brings easy access to the EU’s Single Market. After Brexit, higher trade costs with the EU would be likely to depress FDI. • Our new empirical analysis looks at bilateral FDI flows between 34 OECD countries. (including the UK) over the last three decades. Controlling for many other factors, the baseline estimate is that EU membership has raised FDI by about 28%. • The positive effect of EU membership on FDI is robust, ranging between 14% and 38% under different statistical assumptions. The size of these effects is also consistent with comparisons between UK FDI flows and a set of matched control countries. • Striking a comprehensive trade deal – for example, joining Switzerland in the European Free Trade Association – would not significantly reduce the negative effects of Brexit on FDI, according to the data. • Assessing the impact of lower FDI on income is complex. We use existing macroeconomic estimates of how FDI affects growth combined with a very conservative estimate of the impact of Brexit – a 22% fall in FDI over the next decade. We calculate that a Brexit-induced fall in FDI could cause a 3.4% decline in real income – about £2,200 of GDP per household. The income losses due to lower FDI are larger than our estimates of static losses due to lower trade of 1.3% to 2.6%. • Estimates of the impact of Brexit on the UK’s car industry imply that UK production would fall by 181,000 cars (12%) and prices would rise by 2.5%. Even if the UK manages a comprehensive trade deal and keeps tariffs at zero, production would fall by 36,000 cars. • The UK’s financial services industry is the largest recipient of FDI. Restrictions on ‘single passport’ privileges following Brexit, would lead to big cuts in activity. Furthermore, the UK would be unable to challenge EU regulations at the European Court of Justice. | |||
"If you read my post again you will see that I am in favour of the weak pound, as I feel it will stimulate the UK manufacturing industry. People in other countries were not that keen to buy our goods because they were overpriced. Hopefully we will see a renaissance in British made goods sooner rather than later. Quick question - you seem to think that a 'cheap' pound, which it is not really in comparison to other devalued currencies, will lead to Britain having to export more at an affordable export price, therefore triggering a UK manufacturing resurgence... But what will we actually export? Because as a nation state exporter I imagine on things like Steel, China and America will out compete us simply due to size and scale, we can't really do oil anymore and our most valuable export at the moment is our services sector - eg banking ect, which actually values from a strong sterling. A hypothesis is fine, but you've got to have more than just the idea. Britain still manufactures quality products that are desired the world over. Jaguar land rover has just seen it's highest sales month ever recorded post Brexit and JCB who I mentioned in my OP export all over the world. Many other British manufacturing companies will benefit greatly in their exports from the drop in the value of the pound. Britain is also a great entrepreneurial country and many other exporting business could now start up here too. But those companies are begging for a SOFT Brexit, not a Hard Brexit. Those companies have told you that it will have a negative impact on their businesses. Why do you think you know whats better for their businesses than they do? follow the money for goodness sake, look how many companies are now investing in the UK And you think that foreign investment into the UK is a good indicator of the success or failure of referendum result do you? That more foreign investment into the UK is a good thing? Did I say foreign? But is it not a good thing? Sorry I thought you were talking about foreign investment into the UK. Do you think foreign investment into the UK is a good thing, or a bad thing? of course it's a good thing. Do you think not? I do think its important, so does the London School of Economics, you know the same organisation that the government have commissioned to advise them on Brexit issues. Here's what the LSE say about Foreign Direct Investment: The UK has an FDI stock of over £1 trillion, about half of which is from other members of the European Union (EU). Part of the UK’s attractiveness for foreign investors is that it brings easy access to the EU’s Single Market. After Brexit, higher trade costs with the EU would be likely to depress FDI. • Our new empirical analysis looks at bilateral FDI flows between 34 OECD countries. (including the UK) over the last three decades. Controlling for many other factors, the baseline estimate is that EU membership has raised FDI by about 28%. • The positive effect of EU membership on FDI is robust, ranging between 14% and 38% under different statistical assumptions. The size of these effects is also consistent with comparisons between UK FDI flows and a set of matched control countries. • Striking a comprehensive trade deal – for example, joining Switzerland in the European Free Trade Association – would not significantly reduce the negative effects of Brexit on FDI, according to the data. • Assessing the impact of lower FDI on income is complex. We use existing macroeconomic estimates of how FDI affects growth combined with a very conservative estimate of the impact of Brexit – a 22% fall in FDI over the next decade. We calculate that a Brexit-induced fall in FDI could cause a 3.4% decline in real income – about £2,200 of GDP per household. The income losses due to lower FDI are larger than our estimates of static losses due to lower trade of 1.3% to 2.6%. • Estimates of the impact of Brexit on the UK’s car industry imply that UK production would fall by 181,000 cars (12%) and prices would rise by 2.5%. Even if the UK manages a comprehensive trade deal and keeps tariffs at zero, production would fall by 36,000 cars. • The UK’s financial services industry is the largest recipient of FDI. Restrictions on ‘single passport’ privileges following Brexit, would lead to big cuts in activity. Furthermore, the UK would be unable to challenge EU regulations at the European Court of Justice." so why are they still investing? | |||
"If you read my post again you will see that I am in favour of the weak pound, as I feel it will stimulate the UK manufacturing industry. People in other countries were not that keen to buy our goods because they were overpriced. Hopefully we will see a renaissance in British made goods sooner rather than later. Quick question - you seem to think that a 'cheap' pound, which it is not really in comparison to other devalued currencies, will lead to Britain having to export more at an affordable export price, therefore triggering a UK manufacturing resurgence... But what will we actually export? Because as a nation state exporter I imagine on things like Steel, China and America will out compete us simply due to size and scale, we can't really do oil anymore and our most valuable export at the moment is our services sector - eg banking ect, which actually values from a strong sterling. A hypothesis is fine, but you've got to have more than just the idea. Britain still manufactures quality products that are desired the world over. Jaguar land rover has just seen it's highest sales month ever recorded post Brexit and JCB who I mentioned in my OP export all over the world. Many other British manufacturing companies will benefit greatly in their exports from the drop in the value of the pound. Britain is also a great entrepreneurial country and many other exporting business could now start up here too. But those companies are begging for a SOFT Brexit, not a Hard Brexit. Those companies have told you that it will have a negative impact on their businesses. Why do you think you know whats better for their businesses than they do? follow the money for goodness sake, look how many companies are now investing in the UK And you think that foreign investment into the UK is a good indicator of the success or failure of referendum result do you? That more foreign investment into the UK is a good thing? Did I say foreign? But is it not a good thing? Sorry I thought you were talking about foreign investment into the UK. Do you think foreign investment into the UK is a good thing, or a bad thing? of course it's a good thing. Do you think not? I do think its important, so does the London School of Economics, you know the same organisation that the government have commissioned to advise them on Brexit issues. Here's what the LSE say about Foreign Direct Investment: The UK has an FDI stock of over £1 trillion, about half of which is from other members of the European Union (EU). Part of the UK’s attractiveness for foreign investors is that it brings easy access to the EU’s Single Market. After Brexit, higher trade costs with the EU would be likely to depress FDI. • Our new empirical analysis looks at bilateral FDI flows between 34 OECD countries. (including the UK) over the last three decades. Controlling for many other factors, the baseline estimate is that EU membership has raised FDI by about 28%. • The positive effect of EU membership on FDI is robust, ranging between 14% and 38% under different statistical assumptions. The size of these effects is also consistent with comparisons between UK FDI flows and a set of matched control countries. • Striking a comprehensive trade deal – for example, joining Switzerland in the European Free Trade Association – would not significantly reduce the negative effects of Brexit on FDI, according to the data. • Assessing the impact of lower FDI on income is complex. We use existing macroeconomic estimates of how FDI affects growth combined with a very conservative estimate of the impact of Brexit – a 22% fall in FDI over the next decade. We calculate that a Brexit-induced fall in FDI could cause a 3.4% decline in real income – about £2,200 of GDP per household. The income losses due to lower FDI are larger than our estimates of static losses due to lower trade of 1.3% to 2.6%. • Estimates of the impact of Brexit on the UK’s car industry imply that UK production would fall by 181,000 cars (12%) and prices would rise by 2.5%. Even if the UK manages a comprehensive trade deal and keeps tariffs at zero, production would fall by 36,000 cars. • The UK’s financial services industry is the largest recipient of FDI. Restrictions on ‘single passport’ privileges following Brexit, would lead to big cuts in activity. Furthermore, the UK would be unable to challenge EU regulations at the European Court of Justice. so why are they still investing?" The LSE don't say that FDI will stop do they? | |||
"If you read my post again you will see that I am in favour of the weak pound, as I feel it will stimulate the UK manufacturing industry. People in other countries were not that keen to buy our goods because they were overpriced. Hopefully we will see a renaissance in British made goods sooner rather than later. Quick question - you seem to think that a 'cheap' pound, which it is not really in comparison to other devalued currencies, will lead to Britain having to export more at an affordable export price, therefore triggering a UK manufacturing resurgence... But what will we actually export? Because as a nation state exporter I imagine on things like Steel, China and America will out compete us simply due to size and scale, we can't really do oil anymore and our most valuable export at the moment is our services sector - eg banking ect, which actually values from a strong sterling. A hypothesis is fine, but you've got to have more than just the idea. Britain still manufactures quality products that are desired the world over. Jaguar land rover has just seen it's highest sales month ever recorded post Brexit and JCB who I mentioned in my OP export all over the world. Many other British manufacturing companies will benefit greatly in their exports from the drop in the value of the pound. Britain is also a great entrepreneurial country and many other exporting business could now start up here too. But those companies are begging for a SOFT Brexit, not a Hard Brexit. Those companies have told you that it will have a negative impact on their businesses. Why do you think you know whats better for their businesses than they do? follow the money for goodness sake, look how many companies are now investing in the UK And you think that foreign investment into the UK is a good indicator of the success or failure of referendum result do you? That more foreign investment into the UK is a good thing? Did I say foreign? But is it not a good thing? Sorry I thought you were talking about foreign investment into the UK. Do you think foreign investment into the UK is a good thing, or a bad thing? of course it's a good thing. Do you think not? I do think its important, so does the London School of Economics, you know the same organisation that the government have commissioned to advise them on Brexit issues. Here's what the LSE say about Foreign Direct Investment: The UK has an FDI stock of over £1 trillion, about half of which is from other members of the European Union (EU). Part of the UK’s attractiveness for foreign investors is that it brings easy access to the EU’s Single Market. After Brexit, higher trade costs with the EU would be likely to depress FDI. • Our new empirical analysis looks at bilateral FDI flows between 34 OECD countries. (including the UK) over the last three decades. Controlling for many other factors, the baseline estimate is that EU membership has raised FDI by about 28%. • The positive effect of EU membership on FDI is robust, ranging between 14% and 38% under different statistical assumptions. The size of these effects is also consistent with comparisons between UK FDI flows and a set of matched control countries. • Striking a comprehensive trade deal – for example, joining Switzerland in the European Free Trade Association – would not significantly reduce the negative effects of Brexit on FDI, according to the data. • Assessing the impact of lower FDI on income is complex. We use existing macroeconomic estimates of how FDI affects growth combined with a very conservative estimate of the impact of Brexit – a 22% fall in FDI over the next decade. We calculate that a Brexit-induced fall in FDI could cause a 3.4% decline in real income – about £2,200 of GDP per household. The income losses due to lower FDI are larger than our estimates of static losses due to lower trade of 1.3% to 2.6%. • Estimates of the impact of Brexit on the UK’s car industry imply that UK production would fall by 181,000 cars (12%) and prices would rise by 2.5%. Even if the UK manages a comprehensive trade deal and keeps tariffs at zero, production would fall by 36,000 cars. • The UK’s financial services industry is the largest recipient of FDI. Restrictions on ‘single passport’ privileges following Brexit, would lead to big cuts in activity. Furthermore, the UK would be unable to challenge EU regulations at the European Court of Justice. so why are they still investing? The LSE don't say that FDI will stop do they? " they don't really say much at all do they? Its just twaddle, assumption and speculation. Like I said, follow the money. The future is im technology outside of the EU. Apple are investing millions in Battersea for when they fall out with the EU. Google are investing heavily alone and with GSK. VC's are investing millions in new tech firms. And what did James Dyson say the other week as he opened his new £250 million research facility when asked if we should leave the single market? "Absolutely!" | |||
" Just as a matter of interest _oo hot can I ask "If main land EU is so great why do so many migrants want to come to the UK"? The EU is like an enlarged version of a country. In the same way that motivated people from the north of the UK travel to London and the SE in search of opportunity, so people can travel actross Europe to find opportunities. Some stay and some return. In the 1990's there was a recession in the UK and I along with others went to weork in Spain where I stayed and worked for ten years. The UK was the first European country to emerge from the 2008 banking recession and young, motivated Europeans saw the UK as an opportunity to better themselves in an economy that was creating jobs. The idea of the EU is that people can move freely between countries and this means that there will always be a good outlook for its citizens even if jobs are limited in their local area/region or indeed country. The immigration pull to the UK was economically lead and it could./would just as easily have been an emigration exodus had the country been in recession with massive unemployment. The whole problem of Brexit vision is that in the event of another recession in the UK the opportunity for people to travel and work elsewhere will become much more complicated. The natural evolution of restricting free movement is to do what they do in Russia and issue you with a "home" passport so that you have to stay in your local area. Not sure that is a route we want to take! " So nothing to do with our having a free NHS better benefits things like that, so if you are right and the UK sinks post Brexit do you think there be a mass exodus back to main land EU? | |||
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" Just as a matter of interest _oo hot can I ask "If main land EU is so great why do so many migrants want to come to the UK"? The EU is like an enlarged version of a country. In the same way that motivated people from the north of the UK travel to London and the SE in search of opportunity, so people can travel actross Europe to find opportunities. Some stay and some return. In the 1990's there was a recession in the UK and I along with others went to weork in Spain where I stayed and worked for ten years. The UK was the first European country to emerge from the 2008 banking recession and young, motivated Europeans saw the UK as an opportunity to better themselves in an economy that was creating jobs. The idea of the EU is that people can move freely between countries and this means that there will always be a good outlook for its citizens even if jobs are limited in their local area/region or indeed country. The immigration pull to the UK was economically lead and it could./would just as easily have been an emigration exodus had the country been in recession with massive unemployment. The whole problem of Brexit vision is that in the event of another recession in the UK the opportunity for people to travel and work elsewhere will become much more complicated. The natural evolution of restricting free movement is to do what they do in Russia and issue you with a "home" passport so that you have to stay in your local area. Not sure that is a route we want to take! So nothing to do with our having a free NHS better benefits things like that, so if you are right and the UK sinks post Brexit do you think there be a mass exodus back to main land EU? " Truth is, I find it incredible that you could imagine that people would leave their homes and travel overseas to claim benefits. Motivated people move countries for better opportunities in life. Why on earth would anyone feel so inclined to get so organised as to uproot and move countries in order to claim benefits? Yes people would move elsewhere in the event of a recession, that is what happens. It would not just be the migrants but the locals. It is a facet of human nature that humans move on when the crops fail. I find it difficult to believe that you really believe that motivated and hard working people will stick around in order to claim benefits when there are opportunities elsewhere. | |||
" Just as a matter of interest _oo hot can I ask "If main land EU is so great why do so many migrants want to come to the UK"? The EU is like an enlarged version of a country. In the same way that motivated people from the north of the UK travel to London and the SE in search of opportunity, so people can travel actross Europe to find opportunities. Some stay and some return. In the 1990's there was a recession in the UK and I along with others went to weork in Spain where I stayed and worked for ten years. The UK was the first European country to emerge from the 2008 banking recession and young, motivated Europeans saw the UK as an opportunity to better themselves in an economy that was creating jobs. The idea of the EU is that people can move freely between countries and this means that there will always be a good outlook for its citizens even if jobs are limited in their local area/region or indeed country. The immigration pull to the UK was economically lead and it could./would just as easily have been an emigration exodus had the country been in recession with massive unemployment. The whole problem of Brexit vision is that in the event of another recession in the UK the opportunity for people to travel and work elsewhere will become much more complicated. The natural evolution of restricting free movement is to do what they do in Russia and issue you with a "home" passport so that you have to stay in your local area. Not sure that is a route we want to take! So nothing to do with our having a free NHS better benefits things like that, so if you are right and the UK sinks post Brexit do you think there be a mass exodus back to main land EU? Truth is, I find it incredible that you could imagine that people would leave their homes and travel overseas to claim benefits. Motivated people move countries for better opportunities in life. Why on earth would anyone feel so inclined to get so organised as to uproot and move countries in order to claim benefits? Yes people would move elsewhere in the event of a recession, that is what happens. It would not just be the migrants but the locals. It is a facet of human nature that humans move on when the crops fail. I find it difficult to believe that you really believe that motivated and hard working people will stick around in order to claim benefits when there are opportunities elsewhere." So that's a no then I did,nt say I believed anyone would come here just for benefits I was asking what you thought not a lecture. | |||
" Just as a matter of interest _oo hot can I ask "If main land EU is so great why do so many migrants want to come to the UK"? The EU is like an enlarged version of a country. In the same way that motivated people from the north of the UK travel to London and the SE in search of opportunity, so people can travel actross Europe to find opportunities. Some stay and some return. In the 1990's there was a recession in the UK and I along with others went to weork in Spain where I stayed and worked for ten years. The UK was the first European country to emerge from the 2008 banking recession and young, motivated Europeans saw the UK as an opportunity to better themselves in an economy that was creating jobs. The idea of the EU is that people can move freely between countries and this means that there will always be a good outlook for its citizens even if jobs are limited in their local area/region or indeed country. The immigration pull to the UK was economically lead and it could./would just as easily have been an emigration exodus had the country been in recession with massive unemployment. The whole problem of Brexit vision is that in the event of another recession in the UK the opportunity for people to travel and work elsewhere will become much more complicated. The natural evolution of restricting free movement is to do what they do in Russia and issue you with a "home" passport so that you have to stay in your local area. Not sure that is a route we want to take! So nothing to do with our having a free NHS better benefits things like that, so if you are right and the UK sinks post Brexit do you think there be a mass exodus back to main land EU? " People will always go where the work is, always have done always will do | |||
" People will always go where the work is, always have done always will do"  The reason there is a term migration in the first place. | |||
"So the ex governor of the Bank of England Sir Mervyn King has said that the drop in the pound is a welcome change and that the UK economy is strong and in a good position. Sir Mervyn King is very well respected in his field and has many years experience. Remainers like to listen to experts, it's fair to say Sir Mervyn King is an expert in the financial and economic industry. The pound was over inflated and over valued before the referendum and Mervyn king said that the Bank of England had been trying to devalue the pound for the last 3 years. He also said that the reactions from many to the drop in the pound was "way over the top" and that there is no need to panic about anything. In other news manufacturing giant JCB has just terminated it's membership of the CBI, over the CBI's behaviour during the EU referendum campaign and also because of its anti Brexit stance since June 23rd. " Really? Good news? How does that work? The £ loses 25% of it's value, therefore those with foreign currency (that would mainly be foreigners) get more £'s for their whatever and can buy bigger shares of our businesses for no extra investment but in doing so force share prices up making them less available to us... Now somehow I cant see how that is in our interest, but I can see how a banker who is looking for their 2% on all deals would think it is great. Now exactly what is Mervyn King again?  | |||
"So the ex governor of the Bank of England Sir Mervyn King has said that the drop in the pound is a welcome change and that the UK economy is strong and in a good position. Sir Mervyn King is very well respected in his field and has many years experience. Remainers like to listen to experts, it's fair to say Sir Mervyn King is an expert in the financial and economic industry. The pound was over inflated and over valued before the referendum and Mervyn king said that the Bank of England had been trying to devalue the pound for the last 3 years. He also said that the reactions from many to the drop in the pound was "way over the top" and that there is no need to panic about anything. In other news manufacturing giant JCB has just terminated it's membership of the CBI, over the CBI's behaviour during the EU referendum campaign and also because of its anti Brexit stance since June 23rd. Really? Good news? How does that work? The £ loses 25% of it's value, therefore those with foreign currency (that would mainly be foreigners) get more £'s for their whatever and can buy bigger shares of our businesses for no extra investment but in doing so force share prices up making them less available to us... Now somehow I cant see how that is in our interest, but I can see how a banker who is looking for their 2% on all deals would think it is great. Now exactly what is Mervyn King again? "why would it mainly be foreigners? I don't think it works like that | |||
"So the ex governor of the Bank of England Sir Mervyn King has said that the drop in the pound is a welcome change and that the UK economy is strong and in a good position. Sir Mervyn King is very well respected in his field and has many years experience. Remainers like to listen to experts, it's fair to say Sir Mervyn King is an expert in the financial and economic industry. The pound was over inflated and over valued before the referendum and Mervyn king said that the Bank of England had been trying to devalue the pound for the last 3 years. He also said that the reactions from many to the drop in the pound was "way over the top" and that there is no need to panic about anything. In other news manufacturing giant JCB has just terminated it's membership of the CBI, over the CBI's behaviour during the EU referendum campaign and also because of its anti Brexit stance since June 23rd. Really? Good news? How does that work? The £ loses 25% of it's value, therefore those with foreign currency (that would mainly be foreigners) get more £'s for their whatever and can buy bigger shares of our businesses for no extra investment but in doing so force share prices up making them less available to us... Now somehow I cant see how that is in our interest, but I can see how a banker who is looking for their 2% on all deals would think it is great. Now exactly what is Mervyn King again? "The FTSE 100 hitting an all time high is very good news for Brits with private pensions. | |||
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"So the ex governor of the Bank of England Sir Mervyn King has said that the drop in the pound is a welcome change and that the UK economy is strong and in a good position. Sir Mervyn King is very well respected in his field and has many years experience. Remainers like to listen to experts, it's fair to say Sir Mervyn King is an expert in the financial and economic industry. The pound was over inflated and over valued before the referendum and Mervyn king said that the Bank of England had been trying to devalue the pound for the last 3 years. He also said that the reactions from many to the drop in the pound was "way over the top" and that there is no need to panic about anything. In other news manufacturing giant JCB has just terminated it's membership of the CBI, over the CBI's behaviour during the EU referendum campaign and also because of its anti Brexit stance since June 23rd. Really? Good news? How does that work? The £ loses 25% of it's value, therefore those with foreign currency (that would mainly be foreigners) get more £'s for their whatever and can buy bigger shares of our businesses for no extra investment but in doing so force share prices up making them less available to us... Now somehow I cant see how that is in our interest, but I can see how a banker who is looking for their 2% on all deals would think it is great. Now exactly what is Mervyn King again?
The FTSE 100 hitting an all time high is very good news for Brits with private pensions. "Is it going to cover the increase in gas and electricity needed to heat their homes this winter? Or the increase in petrol? Or the increase in food prices? | |||
"So the ex governor of the Bank of England Sir Mervyn King has said that the drop in the pound is a welcome change and that the UK economy is strong and in a good position. Sir Mervyn King is very well respected in his field and has many years experience. Remainers like to listen to experts, it's fair to say Sir Mervyn King is an expert in the financial and economic industry. The pound was over inflated and over valued before the referendum and Mervyn king said that the Bank of England had been trying to devalue the pound for the last 3 years. He also said that the reactions from many to the drop in the pound was "way over the top" and that there is no need to panic about anything. In other news manufacturing giant JCB has just terminated it's membership of the CBI, over the CBI's behaviour during the EU referendum campaign and also because of its anti Brexit stance since June 23rd. Really? Good news? How does that work? The £ loses 25% of it's value, therefore those with foreign currency (that would mainly be foreigners) get more £'s for their whatever and can buy bigger shares of our businesses for no extra investment but in doing so force share prices up making them less available to us... Now somehow I cant see how that is in our interest, but I can see how a banker who is looking for their 2% on all deals would think it is great. Now exactly what is Mervyn King again?
The FTSE 100 hitting an all time high is very good news for Brits with private pensions.
Is it going to cover the increase in gas and electricity needed to heat their homes this winter? Or the increase in petrol? Or the increase in food prices? "what, to what they were a couple of years ago? When they had to resort to eating eachother and burning the bones to keep warm? Get a grip man | |||
"So the ex governor of the Bank of England Sir Mervyn King has said that the drop in the pound is a welcome change and that the UK economy is strong and in a good position. Sir Mervyn King is very well respected in his field and has many years experience. Remainers like to listen to experts, it's fair to say Sir Mervyn King is an expert in the financial and economic industry. The pound was over inflated and over valued before the referendum and Mervyn king said that the Bank of England had been trying to devalue the pound for the last 3 years. He also said that the reactions from many to the drop in the pound was "way over the top" and that there is no need to panic about anything. In other news manufacturing giant JCB has just terminated it's membership of the CBI, over the CBI's behaviour during the EU referendum campaign and also because of its anti Brexit stance since June 23rd. Really? Good news? How does that work? The £ loses 25% of it's value, therefore those with foreign currency (that would mainly be foreigners) get more £'s for their whatever and can buy bigger shares of our businesses for no extra investment but in doing so force share prices up making them less available to us... Now somehow I cant see how that is in our interest, but I can see how a banker who is looking for their 2% on all deals would think it is great. Now exactly what is Mervyn King again?
The FTSE 100 hitting an all time high is very good news for Brits with private pensions.
Is it going to cover the increase in gas and electricity needed to heat their homes this winter? Or the increase in petrol? Or the increase in food prices?
what, to what they were a couple of years ago? When they had to resort to eating eachother and burning the bones to keep warm? Get a grip man"Come on, its a a genuine question, one person says that pensioners will be better off because of the FTSE, and I am asking if that will be more than the cost of gas/electricity, petrol, food, etc. answer the question. | |||
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"It seems to me as though there is a definite head in sand, I don't want to hear (see) that so it's not there attitude developing amongst those who believe we will be better off outside the EU. I am reminded of the Black Knight claiming "it's only a flesh wound" in Monty Pythons Holy Grail. It would be funny if it were not so tragic." I think we will be better off out of the EU not straight away we will be worse off in the short term but in the long term I think we will be much better off but only time will tell.  | |||
" The FTSE 100 hitting an all time high is very good news for Brits with private pensions. " i so knew someone would mention this.... I am not here to argue... but i do feel the need to factcheck a bit!!! its not quite as good as you would like it to mean.... that problem is that most of the FTSE 100 companies report their figures in $dollars... which mean that with the converstaion profits looks like they have increased... however.... when you do a US to UK convertion.... the value of the FTSE100 companies is actually down 6% in real terms since the referendum....... | |||
" Is it going to cover the increase in gas and electricity needed to heat their homes this winter? Or the increase in petrol? Or the increase in food prices? what, to what they were a couple of years ago? When they had to resort to eating eachother and burning the bones to keep warm? Get a grip man" actually CandM..... they do have a point.... again.... not getting into the arguement just trying to state facts.... Last time it was based on the prices of oil/gas being much higher than they are now... so yes, the price for example dropped just based on that.... however.... with the depreciation in the Pound against the Dollar... and the Price of commodities such as Oil being priced in UD dollars, it does mean that the price in pounds has gone up... and that will be filtered thru eventually that other issue is that last week OPEC countries finally agreed to cut oil production with the aim of getting the price of oil back up to 70 dollars a barrel so where there was just one reason it came down last time.... there may now be compounded reasons as to why it may now go back up... | |||
" The FTSE 100 hitting an all time high is very good news for Brits with private pensions. i so knew someone would mention this.... I am not here to argue... but i do feel the need to factcheck a bit!!! its not quite as good as you would like it to mean.... that problem is that most of the FTSE 100 companies report their figures in $dollars... which mean that with the converstaion profits looks like they have increased... however.... when you do a US to UK convertion.... the value of the FTSE100 companies is actually down 6% in real terms since the referendum......." Isn't looking at the FTSE100 like looking at the richest people in the country see if they suffer during the recession? They're in the top 100 for a reason. FTSE 250 is better to look at. | |||
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" The FTSE 100 hitting an all time high is very good news for Brits with private pensions. i so knew someone would mention this.... I am not here to argue... but i do feel the need to factcheck a bit!!! its not quite as good as you would like it to mean.... that problem is that most of the FTSE 100 companies report their figures in $dollars... which mean that with the converstaion profits looks like they have increased... however.... when you do a US to UK convertion.... the value of the FTSE100 companies is actually down 6% in real terms since the referendum....... Isn't looking at the FTSE100 like looking at the richest people in the country see if they suffer during the recession? They're in the top 100 for a reason. FTSE 250 is better to look at. " . The 250 is at all time highs, shares are always up when the currencies down, there intrinsically linked!. . Shares throughout the world are artificially high being over inflated by QE and low or zero interest rates, they've been buying there shares back with ridiculously cheap credit, earnings and profits are in general down pretty much everywhere. The world has been so busy propping up banks they haven't seemed to notice(or don't fucking care) that they've pretty much bubbled everything..... It will pop the question is when!.... The worrying thing is this time they'll quite likely take central banks with them | |||
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"So the ex governor of the Bank of England Sir Mervyn King has said that the drop in the pound is a welcome change and that the UK economy is strong and in a good position. Sir Mervyn King is very well respected in his field and has many years experience. Remainers like to listen to experts, it's fair to say Sir Mervyn King is an expert in the financial and economic industry. The pound was over inflated and over valued before the referendum and Mervyn king said that the Bank of England had been trying to devalue the pound for the last 3 years. He also said that the reactions from many to the drop in the pound was "way over the top" and that there is no need to panic about anything. In other news manufacturing giant JCB has just terminated it's membership of the CBI, over the CBI's behaviour during the EU referendum campaign and also because of its anti Brexit stance since June 23rd. Really? Good news? How does that work? The £ loses 25% of it's value, therefore those with foreign currency (that would mainly be foreigners) get more £'s for their whatever and can buy bigger shares of our businesses for no extra investment but in doing so force share prices up making them less available to us... Now somehow I cant see how that is in our interest, but I can see how a banker who is looking for their 2% on all deals would think it is great. Now exactly what is Mervyn King again?
The FTSE 100 hitting an all time high is very good news for Brits with private pensions. "And a true live real time reflection of the economy by people who have put their money where there mouth is . Things can only get better and our exports will get a welcome boost . The exchange rate has only returned to a rate that it was a few years ago. In any event many people thought that Sterling was over valued so a correction would have occurred in any event. | |||
" The FTSE 100 hitting an all time high is very good news for Brits with private pensions. i so knew someone would mention this.... I am not here to argue... but i do feel the need to factcheck a bit!!! its not quite as good as you would like it to mean.... that problem is that most of the FTSE 100 companies report their figures in $dollars... which mean that with the converstaion profits looks like they have increased... however.... when you do a US to UK convertion.... the value of the FTSE100 companies is actually down 6% in real terms since the referendum......." Why would anyone want to do such a conversion . Not all constituents of the FTSE 100 are net exporters. Shares are up because of investors confidence in the future . In any event , the exchange rates now are not very different to what they were a few years ago. | |||
"So the ex governor of the Bank of England Sir Mervyn King has said that the drop in the pound is a welcome change and that the UK economy is strong and in a good position. Sir Mervyn King is very well respected in his field and has many years experience. Remainers like to listen to experts, it's fair to say Sir Mervyn King is an expert in the financial and economic industry. The pound was over inflated and over valued before the referendum and Mervyn king said that the Bank of England had been trying to devalue the pound for the last 3 years. He also said that the reactions from many to the drop in the pound was "way over the top" and that there is no need to panic about anything. In other news manufacturing giant JCB has just terminated it's membership of the CBI, over the CBI's behaviour during the EU referendum campaign and also because of its anti Brexit stance since June 23rd. Really? Good news? How does that work? The £ loses 25% of it's value, therefore those with foreign currency (that would mainly be foreigners) get more £'s for their whatever and can buy bigger shares of our businesses for no extra investment but in doing so force share prices up making them less available to us... Now somehow I cant see how that is in our interest, but I can see how a banker who is looking for their 2% on all deals would think it is great. Now exactly what is Mervyn King again?
The FTSE 100 hitting an all time high is very good news for Brits with private pensions. And a true live real time reflection of the economy by people who have put their money where there mouth is . Things can only get better and our exports will get a welcome boost .
The exchange rate has only returned to a rate that it was a few years ago. In any event many people thought that Sterling was over valued so a correction would have occurred in any event. "I want you to repeat your last sentence to yourself Every time you fill up your car. | |||
"So the ex governor of the Bank of England Sir Mervyn King has said that the drop in the pound is a welcome change and that the UK economy is strong and in a good position. Sir Mervyn King is very well respected in his field and has many years experience. Remainers like to listen to experts, it's fair to say Sir Mervyn King is an expert in the financial and economic industry. The pound was over inflated and over valued before the referendum and Mervyn king said that the Bank of England had been trying to devalue the pound for the last 3 years. He also said that the reactions from many to the drop in the pound was "way over the top" and that there is no need to panic about anything. In other news manufacturing giant JCB has just terminated it's membership of the CBI, over the CBI's behaviour during the EU referendum campaign and also because of its anti Brexit stance since June 23rd. Really? Good news? How does that work? The £ loses 25% of it's value, therefore those with foreign currency (that would mainly be foreigners) get more £'s for their whatever and can buy bigger shares of our businesses for no extra investment but in doing so force share prices up making them less available to us... Now somehow I cant see how that is in our interest, but I can see how a banker who is looking for their 2% on all deals would think it is great. Now exactly what is Mervyn King again?
The FTSE 100 hitting an all time high is very good news for Brits with private pensions. And a true live real time reflection of the economy by people who have put their money where there mouth is . Things can only get better and our exports will get a welcome boost .
The exchange rate has only returned to a rate that it was a few years ago. In any event many people thought that Sterling was over valued so a correction would have occurred in any event.
I want you to repeat your last sentence to yourself Every time you fill up your car. "I will do that as per your instruction. Howevever low oil and petrol prices do not benefit everyone. Unto recently, shares in some oil companies and their associated services have been badly hit by low oil prices . | |||
" Not all constituents of the FTSE 100 are net exporters. Shares are up because of investors confidence in the future . In any event , the exchange rates now are not very different to what they were a few years ago." if that last part was true..... then you would know that the last time stirling was at the level it was now against the dollar was about 35 years ago!!! so what you are basically saying is that the pound has been overvalued for the best part of a generation!.... and the gentlemen who made the comments and could have done something about that over valuation being head of the BofE, which was independant at the time he was running it decided to do bugger all about it... and didn't say anything at the time... and only now decided to speak out.... | |||
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"The front page of the FT has been described as looking like an obituary for UK PLC. " Would this be the same FT that took a broadly biased in favour of Remain stance during the referendum campaign. | |||
"The front page of the FT has been described as looking like an obituary for UK PLC. Would this be the same FT that took a broadly biased in favour of Remain stance during the referendum campaign. " Because remaining in the EU is better for the economy! It's not complicated! | |||
"The front page of the FT has been described as looking like an obituary for UK PLC. " It says that the pound is now at its lowest rate in its 168 recorded history. | |||
"The front page of the FT has been described as looking like an obituary for UK PLC. It says that the pound is now at its lowest rate in its 168 recorded history. " Project fear my arse. We haven't even left yet. Look out for a vote of no confidence in The current government coming our way soon (and as predicted long before the Brexit vote by yours Truly). | |||
"The front page of the FT has been described as looking like an obituary for UK PLC. Would this be the same FT that took a broadly biased in favour of Remain stance during the referendum campaign. Because remaining in the EU is better for the economy! It's not complicated!" No it's better in your opinion. My opinion is that we will go through some short term difficulties in leaving but in the long term we will be better off out of the EU. The EU is a failing project that has deep and profound economic difficulties and problems with the Euro zone and it's inevitable that it will all go pear shaped for the EU in the not too distant future. When this happens you'll be thanking your lucky stars that we got out when we did. | |||
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"If it's going to fall apart anyway, should we just shelve the article 50 talk and stabilise the currency, inflation and jobs situations in the meantime?" Bollocks to that haven't you checked your shares lately!! . Its like someone has put a rocket under mine, the fastest growth I have ever seen this year, | |||
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"Points scoring? FFS! I don't know why you are even trying to pretend black is white. The economy was not even an issue Brexiters were bothered about. The only issues you were bothered about were stopping those immigrants (who actually boost the economy) and 'restoring' sovereignty to Parliament. Then the first thing you did was try to deny parliament any right to debate the governments fucking brexit aims. " There is only one aim. Leave the EU which means leaving the single market and get the best deal we can. What is there to debate? | |||
"Points scoring? FFS! I don't know why you are even trying to pretend black is white. The economy was not even an issue Brexiters were bothered about. The only issues you were bothered about were stopping those immigrants (who actually boost the economy) and 'restoring' sovereignty to Parliament. Then the first thing you did was try to deny parliament any right to debate the governments fucking brexit aims. " Why would Brexiters not want a strong economy ?. Maybe they realised that we are in a much stronger position to negotiate if we are outside the EU. The reality is that EU countries will still need to buy our goods . The strong rise in the stock exchange is indicative of investors faith in the UK s future . . | |||
"Points scoring? FFS! I don't know why you are even trying to pretend black is white. The economy was not even an issue Brexiters were bothered about. The only issues you were bothered about were stopping those immigrants (who actually boost the economy) and 'restoring' sovereignty to Parliament. Then the first thing you did was try to deny parliament any right to debate the governments fucking brexit aims. There is only one aim. Leave the EU which means leaving the single market and get the best deal we can. What is there to debate?"  An excellent post and to the point . All we have to do is honour the result of the referendum. | |||
"Points scoring? FFS! I don't know why you are even trying to pretend black is white. The economy was not even an issue Brexiters were bothered about. The only issues you were bothered about were stopping those immigrants (who actually boost the economy) and 'restoring' sovereignty to Parliament. Then the first thing you did was try to deny parliament any right to debate the governments fucking brexit aims. There is only one aim. Leave the EU which means leaving the single market and get the best deal we can. What is there to debate? An excellent post and to the point . All we have to do is honour the result of the referendum. "The referendum question didn't mention the single market though did it? | |||
" The strong rise in the stock exchange is indicative of investors faith in the UK s future . ." Why do you keep reposting the same nonsense? It has been explained to you on here several times and independant resources are also available if care to look. Investing in the shares of a private Company is a speculative investment in a private company, not a country. The rise in shares are BECAUSE of the fall in the £GBP. The £GBP is the indicator of faith in a country. Investing in private companies that trade mainly outside of the UK is no indicator at all of anyone's faith in a country. It is simply profiteering on the back of a fall in the £GBP. Saying something that is just not true over and over again will not make it true. | |||
"Points scoring? FFS! I don't know why you are even trying to pretend black is white. The economy was not even an issue Brexiters were bothered about. The only issues you were bothered about were stopping those immigrants (who actually boost the economy) and 'restoring' sovereignty to Parliament. Then the first thing you did was try to deny parliament any right to debate the governments fucking brexit aims. There is only one aim. Leave the EU which means leaving the single market and get the best deal we can. What is there to debate? An excellent post and to the point . All we have to do is honour the result of the referendum.
The referendum question didn't mention the single market though did it? "What do you think the single market is? A vote to leave the EU is a vote to leave the single market. As Cameron explained before the referendum, on the Andrew Marr show, if you care to listen to the interview. I'm sure you'll find it somewhere | |||
"Mervyn King has not learned from his quite spectacular misrepresentations and predictions from his time in office at BoE. Lord King said in 2004 that the coming decade would be “not-so-bad". Britain’s economy had a terrible decade with volatile inflation and the largest recession for 80 years. In August 2007, he said the complete opposite of what he said yesterday. “The best contribution that central banks can make to ensuring the lack of disruption in international financial markets is to pursue domestic monetary stability in a predictable and sensible way,” he said, days before the financial markets blew up. In 2011 he commented on the productivity potential of the UK. “I don’t see any reason in principle why this (financial) crisis should actually destroy the productive potential of which the economy is capable of operating.” Poor productivity has been a problem inthe UK economy since 2008 and even now shows no sign of recovering the potential lost in the crisis that started in 2008. In 2004, Lord King said he had “no idea” where sterling was headed. “I have no intention of ever starting to forecast exchange rates. That’s a mug's game.” Although only three years later in November 2007, he applauded the stability and strength of sterling (again opposite of his statements yesterday) saying the UK currency “has been remarkably stable. So whoever it is, people who won’t get out of bed to earn dollars, sterling’s a pretty good currency to look at”. This came a few days before sterling began a 25 per cent slide. Notwithstanding any of this mans suspect predictions and observations, he is stating his opinion with regards to the overall state of the economy for the benefit of the sitting Government. Ordinary people like us are made poorer by a sliding currency quite simply because our money buys less on a day today basis. Not only that, a sliding currency becomes weak and volatile and as such can be targeted (as it was last Friday) meaning that the stability for which the £GBP could always be depended on will disappear. the UK has always relied on very wealthy people buying sterling assets in the knowledge that the UK and £Sterling is safe and dependable. The sliding pound reduces that confidence on a day by day basis until such time as a run on the pound becomes inevitable. The problem today is that the Govt is not providing confidence to the outside world that there is a plan and everything is going to continue stable and normal. In fact, the opposite is true and hence the lack of confidence in £GBP. " Dont you ever give up moaning Your a right doom and gloom person If you like the EU so much Go live in Europe and stop your winging You can winge to them instead Try supporting your own country You may even see the light | |||
" The strong rise in the stock exchange is indicative of investors faith in the UK s future . . Why do you keep reposting the same nonsense? It has been explained to you on here several times and independant resources are also available if care to look. Investing in the shares of a private Company is a speculative investment in a private company, not a country. The rise in shares are BECAUSE of the fall in the £GBP. The £GBP is the indicator of faith in a country. Investing in private companies that trade mainly outside of the UK is no indicator at all of anyone's faith in a country. It is simply profiteering on the back of a fall in the £GBP. Saying something that is just not true over and over again will not make it true." I am glad that I have never had to refer to other poster comments as nonsense . I may to read and digest and disagree with other peoples posts but have never referred to them as nonsence . Most people investing in a FTSE company are doing do for a long term future in order to receive a pension or pay off a mortgage . The only investments in the stock exchange which can be regarded as speculative might be those in some of the smaller AIM listed companies. If we were to accept that part of the rise might be due to currency movements , investors still need confidence in the long term future of both the country and the company invested in . To date it appears that not many investors agree with the night mare scenarios prsented by the remainers and as such have not sold their shares . It may dissappoint the remainers but investors confidence remains high . With regards to the fall on currency values , this would have happened in any event as sterling was over valued . I can remember changing euros at similar rates to that of to day three years ago. It is difficult to see how we can blame Brexit on currency movements .This is just a convenient excuse for what was inevitable regardless of the results . | |||
" The strong rise in the stock exchange is indicative of investors faith in the UK s future . . Why do you keep reposting the same nonsense? It has been explained to you on here several times and independant resources are also available if care to look. Investing in the shares of a private Company is a speculative investment in a private company, not a country. The rise in shares are BECAUSE of the fall in the £GBP. The £GBP is the indicator of faith in a country. Investing in private companies that trade mainly outside of the UK is no indicator at all of anyone's faith in a country. It is simply profiteering on the back of a fall in the £GBP. Saying something that is just not true over and over again will not make it true." Why do Remainers keep posting the same nonsense about so called experts when the so called experts previous record has been torn to shreds? Why do Remainers keep referring to the £66bn figure as a fact when it is nothing more than a forecast/prediction based on a load of dodgy assumptions from George Osborne's Treasury to use in his Remain campaign. It has been explained on here several times but Remainers still keep on repeating it. Saying something that is just not true over and over again will not make it true. | |||
" The strong rise in the stock exchange is indicative of investors faith in the UK s future . . Why do you keep reposting the same nonsense? It has been explained to you on here several times and independant resources are also available if care to look. Investing in the shares of a private Company is a speculative investment in a private company, not a country. The rise in shares are BECAUSE of the fall in the £GBP. The £GBP is the indicator of faith in a country. Investing in private companies that trade mainly outside of the UK is no indicator at all of anyone's faith in a country. It is simply profiteering on the back of a fall in the £GBP. Saying something that is just not true over and over again will not make it true. I am glad that I have never had to refer to other poster comments as nonsense . I may to read and digest and disagree with other peoples posts but have never referred to them as nonsence . Most people investing in a FTSE company are doing do for a long term future in order to receive a pension or pay off a mortgage . The only investments in the stock exchange which can be regarded as speculative might be those in some of the smaller AIM listed companies. If we were to accept that part of the rise might be due to currency movements , investors still need confidence in the long term future of both the country and the company invested in . To date it appears that not many investors agree with the night mare scenarios prsented by the remainers and as such have not sold their shares . It may dissappoint the remainers but investors confidence remains high . With regards to the fall on currency values , this would have happened in any event as sterling was over valued . I can remember changing euros at similar rates to that of to day three years ago. It is difficult to see how we can blame Brexit on currency movements .This is just a convenient excuse for what was inevitable regardless of the results . " Sterling was in April overvalued by around 6% against the US$, the BOE had made small and steady movements towards correcting that, however the drop we have seen has gone far beyond that and it's now approaching the £1.19 City safety line, any significant movement towards that figure will negate all benefits felt for exporters, and will impact significantly on inflation. The government 2% inflation target will almost certainly be breached at the next reading, by how much is very important, what we cannot afford is a lurch in that direction. | |||
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"The economy was not even an issue Brexiters were bothered about. The only issues you were bothered about were stopping those immigrants (who actually boost the economy) and 'restoring' sovereignty to Parliament. Then the first thing you did was try to deny parliament any right to debate the governments fucking brexit aims. Why would Brexiters not want a strong economy ?. Maybe they realised that we are in a much stronger position to negotiate if we are outside the EU. ." Brexiters don't care about the economy. It wasn't even on your radar. It was the most important consideration for the majority of Remain voters but only 1 in 20 thought it was the most important reason for voting Leave. I don't know why you all keep coming on here pretending otherwise. It was about the primacy of Parliament in setting our laws and regulations and it was about immigration. The fact it was about stopping immigration tells you you doofuses don't care or understand economics, because you want to curb it. Bell-ends. | |||
" The government 2% inflation target will almost certainly be breached at the next reading, by how much is very important, what we cannot afford is a lurch in that direction." the BoE have already said the inflation is going to go by the side because the focus is going to be trying keep as many people in employment as possible....... and with relation to the pound against the dollar.... the next move there is going to be down even further as the US Fed president said then next move in their interest rate is likely to be up... and it could happen as soon as the end of the year..... people always mention share prices but dont realise the main companies in the FTSE 100... and almost all of the hedge funds companies report their figures in US dollars... so it looks like a profit against the pound..... | |||
" My Norwegian friend is fucking puzzled as well, as he was sure Norway weren't in the EU but were part of the single market." they aren't in the EU they are part of the single market... but they have to pay for access to the single market AND have to adhere to all EU laws and regulations.... i.e that "freedom of movement" thing..... | |||
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" The government 2% inflation target will almost certainly be breached at the next reading, by how much is very important, what we cannot afford is a lurch in that direction. the BoE have already said the inflation is going to go by the side because the focus is going to be trying keep as many people in employment as possible....... and with relation to the pound against the dollar.... the next move there is going to be down even further as the US Fed president said then next move in their interest rate is likely to be up... and it could happen as soon as the end of the year..... people always mention share prices but dont realise the main cOompanies in the FTSE 100... and almost all of the hedge funds companies report their figures in US dollars... so it looks like a profit against the pound....." However this scenario only applies to companies which export and have possibility gained a short term competitive advantage . For companies reporting in sterling there is no exchange rate gsin. . | |||
" My Norwegian friend is fucking puzzled as well, as he was sure Norway weren't in the EU but were part of the single market. they aren't in the EU they are part of the single market... but they have to pay for access to the single market AND have to adhere to all EU laws and regulations.... i.e that "freedom of movement" thing..... " You don't have to pay to access the single market | |||
"The performance of the FTSE has very little immediate impact on the pockets of ordinary working class people in the UK, however increased inflation and the weak pound hits them faster and harder. So anyone who believes that the pound falling isn't important to them as the FTSE is rising is deluded, unless of course you are wealthy enough, and you'd have to be significantly wealthy to escape the hit of a plunging pound and rising inflation. " The FTSE riding gives people a better pension. The FRTE rising is a measure of confidence in the long term future of the economy . Competitive exports either secure jobs or create new ones | |||
"The performance of the FTSE has very little immediate impact on the pockets of ordinary working class people in the UK, however increased inflation and the weak pound hits them faster and harder. So anyone who believes that the pound falling isn't important to them as the FTSE is rising is deluded, unless of course you are wealthy enough, and you'd have to be significantly wealthy to escape the hit of a plunging pound and rising inflation. The FTSE riding gives people a better pension. The FRTE rising is a measure of confidence in the long term future of the economy . Competitive exports either secure jobs or create new ones " The FTSE needs to stay at a constant in order for any significant benefits be felt for an individual's pension, and pension funds are also potentially compromised by severe currency fluctuations. In short pension funds (and their recipients) prosper via long term market performance and also on the movement in gilts and bonds. | |||
"The front page of the FT has been described as looking like an obituary for UK PLC. Would this be the same FT that took a broadly biased in favour of Remain stance during the referendum campaign. " That's like saying the police have a biased attitude to crime. | |||
