 |
By (user no longer on site) OP
over a year ago
|
So i'm curious, a big party of brexit was our desire to go out into the world and get kore free trade deals - rightly or wrongly, I can see why some people would want to.
However as I understand it a big preponant of free trade is outsourcing. So why is free trade good in brext, seeing as how a lot of people were looking for job creation and generation - yet free trade britain is likely to not actually produce anything physical? |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
I think they would have been better off doing the opposite instead of free trade you could make a better hash by imposing big big tariffs and making your own market your market, how long you could get away with it is anybodys guess but hey how long we all got anyhow  |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
don't worry, the folks in charge of this sorta thing have got it all covered .... it's clearly more economic to sail freight ships full of mutton and milk from new zealand for 40 days than it is to drive them for half an hour from wales  |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"don't worry, the folks in charge of this sorta thing have got it all covered .... it's clearly more economic to sail freight ships full of mutton and milk from new zealand for 40 days than it is to drive them for half an hour from wales "
.
Could be, who knows, probably not you though |
Reply privately, Reply in forum +quote
or View forums list | |
They are going to be 10% more expensive due to the drop in the pound already.
Davis just admitted today we will be stuck with 10% tariffs on cars and on a lot of agricultural products we buy and sell to the EU the tariffs will be 40%. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *oi_LucyCouple
over a year ago
Barbados |
"don't worry, the folks in charge of this sorta thing have got it all covered .... it's clearly more economic to sail freight ships full of mutton and milk from new zealand for 40 days than it is to drive them for half an hour from wales "
Don't we already do daft things like that? I'm pretty sure I saw a news item a while back about us doing something like sending meat to Canada for butchering then sending it back. It probably wasn't Canada, but something equally daft.
-Matt |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"don't worry, the folks in charge of this sorta thing have got it all covered .... it's clearly more economic to sail freight ships full of mutton and milk from new zealand for 40 days than it is to drive them for half an hour from wales
Don't we already do daft things like that? I'm pretty sure I saw a news item a while back about us doing something like sending meat to Canada for butchering then sending it back. It probably wasn't Canada, but something equally daft.
-Matt"
there's loads of stupid shit like this going on .... i'm unconvinced we need to increase the amount of this kind of stupid shit though ... but then stupid people will always buy into stupid shit |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *ercuryMan
over a year ago
Grantham |
"don't worry, the folks in charge of this sorta thing have got it all covered .... it's clearly more economic to sail freight ships full of mutton and milk from new zealand for 40 days than it is to drive them for half an hour from wales
Don't we already do daft things like that? I'm pretty sure I saw a news item a while back about us doing something like sending meat to Canada for butchering then sending it back. It probably wasn't Canada, but something equally daft.
-Matt"
We send steel coil to Germany to be coated, and then it is returned to us through Boston docks.
Many years ago, proposals were put forward to build a coating plant in Lincolnshire but it got rejected for some reason. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *andS66Couple
over a year ago
Derby |
"They are going to be 10% more expensive due to the drop in the pound already.
Davis just admitted today we will be stuck with 10% tariffs on cars and on a lot of agricultural products we buy and sell to the EU the tariffs will be 40%. "
Just for you, here is the average amount of euros your pound could have bought over the last decade.
In April 2015 the IMF, the OECD, the BeE and very many others said that the pound was 'up to 20% overvalued' and was damaging our economy.
31 Dec 2008 1.259467
31 Dec 2009 1.12246
31 Dec 2010 1.165737
31 Dec 2011 1.15258
31 Dec 2012 1.233263
31 Dec 2013 1.177964
31 Dec 2014 1.240494
31 Dec 2015 1.377982
31 Dec 2016 1.224833
10 Mar 2017 1.165218
The average over the last decade has been about €1.21 to the pound. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"They are going to be 10% more expensive due to the drop in the pound already.
Davis just admitted today we will be stuck with 10% tariffs on cars and on a lot of agricultural products we buy and sell to the EU the tariffs will be 40%.
Just for you, here is the average amount of euros your pound could have bought over the last decade.
In April 2015 the IMF, the OECD, the BeE and very many others said that the pound was 'up to 20% overvalued' and was damaging our economy.
31 Dec 2008 1.259467
31 Dec 2009 1.12246
31 Dec 2010 1.165737
31 Dec 2011 1.15258
31 Dec 2012 1.233263
31 Dec 2013 1.177964
31 Dec 2014 1.240494
31 Dec 2015 1.377982
31 Dec 2016 1.224833
10 Mar 2017 1.165218
The average over the last decade has been about €1.21 to the pound."
averages are never true figures though.
If say your buying a product costing a €1m and the rate is 1.42€ and by the time of completion it drops to 1.12€ that's a lot of additional cost to bear. Also the rates you quote are "interbank" for us mere mortals you can knock off at least another 2-3% . |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *andS66Couple
over a year ago
Derby |
"They are going to be 10% more expensive due to the drop in the pound already.
Davis just admitted today we will be stuck with 10% tariffs on cars and on a lot of agricultural products we buy and sell to the EU the tariffs will be 40%.
Just for you, here is the average amount of euros your pound could have bought over the last decade.
In April 2015 the IMF, the OECD, the BeE and very many others said that the pound was 'up to 20% overvalued' and was damaging our economy.
31 Dec 2008 1.259467
31 Dec 2009 1.12246
31 Dec 2010 1.165737
31 Dec 2011 1.15258
31 Dec 2012 1.233263
31 Dec 2013 1.177964
31 Dec 2014 1.240494
31 Dec 2015 1.377982
31 Dec 2016 1.224833
10 Mar 2017 1.165218
The average over the last decade has been about €1.21 to the pound.
averages are never true figures though.
If say your buying a product costing a €1m and the rate is 1.42€ and by the time of completion it drops to 1.12€ that's a lot of additional cost to bear. Also the rates you quote are "interbank" for us mere mortals you can knock off at least another 2-3% ."
It also goes the other way as well.... In Jan 2015 I went to Spain for 3 months, got about 1.2 to the pound. By April it had hit about 1.4.
What it shows though is that the average exchange rate over the last decade has, by and large, remained fairly stable.
Also note that when the value increased in 2015 businesses didn't decrease their prices, they just increased their profits. Now its gone the other way to what it was a couple of years ago, they're using it as an excuse to increase their prices.
The only time it increased extensively was after the referendum was announced....
Of course, if you're spending a large amount of money you generally fix the rate at which you buy at, or buy forward ... You can also insure yourself against currency fluctuations up or down ..... Certainly, in businesses that I have worked in or with that is what we have done. You'd be fucking stupid and irresponsible to try to play the market like that unless you absolutely knew what you were doing, had insider knowledge, or so much money that it means nothing to you anyway. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"don't worry, the folks in charge of this sorta thing have got it all covered .... it's clearly more economic to sail freight ships full of mutton and milk from new zealand for 40 days than it is to drive them for half an hour from wales
Don't we already do daft things like that? I'm pretty sure I saw a news item a while back about us doing something like sending meat to Canada for butchering then sending it back. It probably wasn't Canada, but something equally daft.
-Matt"
.
You only need to look at the horse meat scandal to see how much stuff is moved around for packing, processing, growing.
Romania to Ireland back to Romania on to France and then to the UK and then into your freezer!.
We don't self sustain on agriculture so by logic high tariffs to imports would actually produce a market for us domestically?, the outcome of trade is to drive down prices, however often this in reality is just a case of driving down quality at the same time |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *anes HubbyCouple
over a year ago
Babbacombe Torquay |
"They are going to be 10% more expensive due to the drop in the pound already.
Davis just admitted today we will be stuck with 10% tariffs on cars and on a lot of agricultural products we buy and sell to the EU the tariffs will be 40%.
Just for you, here is the average amount of euros your pound could have bought over the last decade.
In April 2015 the IMF, the OECD, the BeE and very many others said that the pound was 'up to 20% overvalued' and was damaging our economy.
31 Dec 2008 1.259467
31 Dec 2009 1.12246
31 Dec 2010 1.165737
31 Dec 2011 1.15258
31 Dec 2012 1.233263
31 Dec 2013 1.177964
31 Dec 2014 1.240494
31 Dec 2015 1.377982
31 Dec 2016 1.224833
10 Mar 2017 1.165218
The average over the last decade has been about €1.21 to the pound.
averages are never true figures though.
If say your buying a product costing a €1m and the rate is 1.42€ and by the time of completion it drops to 1.12€ that's a lot of additional cost to bear. Also the rates you quote are "interbank" for us mere mortals you can knock off at least another 2-3% .
It also goes the other way as well.... In Jan 2015 I went to Spain for 3 months, got about 1.2 to the pound. By April it had hit about 1.4.
What it shows though is that the average exchange rate over the last decade has, by and large, remained fairly stable.
Also note that when the value increased in 2015 businesses didn't decrease their prices, they just increased their profits. Now its gone the other way to what it was a couple of years ago, they're using it as an excuse to increase their prices.
The only time it increased extensively was after the referendum was announced....
Of course, if you're spending a large amount of money you generally fix the rate at which you buy at, or buy forward ... You can also insure yourself against currency fluctuations up or down ..... Certainly, in businesses that I have worked in or with that is what we have done. You'd be fucking stupid and irresponsible to try to play the market like that unless you absolutely knew what you were doing, had insider knowledge, or so much money that it means nothing to you anyway."
Maybe if you yourself ran a business based mainly on imports you would know different.....food inflation is already being hidden from the public in government circles, the last excuse being that new car prices and shoe prices had dropped and nullified food inflation, but the government won't be able to hide the truth for long....food price rises are becoming more apparent by the week. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *andS66Couple
over a year ago
Derby |
"They are going to be 10% more expensive due to the drop in the pound already.
Davis just admitted today we will be stuck with 10% tariffs on cars and on a lot of agricultural products we buy and sell to the EU the tariffs will be 40%.
Just for you, here is the average amount of euros your pound could have bought over the last decade.
In April 2015 the IMF, the OECD, the BeE and very many others said that the pound was 'up to 20% overvalued' and was damaging our economy.
31 Dec 2008 1.259467
31 Dec 2009 1.12246
31 Dec 2010 1.165737
31 Dec 2011 1.15258
31 Dec 2012 1.233263
31 Dec 2013 1.177964
31 Dec 2014 1.240494
31 Dec 2015 1.377982
31 Dec 2016 1.224833
10 Mar 2017 1.165218
The average over the last decade has been about €1.21 to the pound.
averages are never true figures though.
If say your buying a product costing a €1m and the rate is 1.42€ and by the time of completion it drops to 1.12€ that's a lot of additional cost to bear. Also the rates you quote are "interbank" for us mere mortals you can knock off at least another 2-3% .
It also goes the other way as well.... In Jan 2015 I went to Spain for 3 months, got about 1.2 to the pound. By April it had hit about 1.4.
What it shows though is that the average exchange rate over the last decade has, by and large, remained fairly stable.
Also note that when the value increased in 2015 businesses didn't decrease their prices, they just increased their profits. Now its gone the other way to what it was a couple of years ago, they're using it as an excuse to increase their prices.
The only time it increased extensively was after the referendum was announced....
Of course, if you're spending a large amount of money you generally fix the rate at which you buy at, or buy forward ... You can also insure yourself against currency fluctuations up or down ..... Certainly, in businesses that I have worked in or with that is what we have done. You'd be fucking stupid and irresponsible to try to play the market like that unless you absolutely knew what you were doing, had insider knowledge, or so much money that it means nothing to you anyway.
Maybe if you yourself ran a business based mainly on imports you would know different.....food inflation is already being hidden from the public in government circles, the last excuse being that new car prices and shoe prices had dropped and nullified food inflation, but the government won't be able to hide the truth for long....food price rises are becoming more apparent by the week."
Sorry, but I seem to remember you saying on another thread a couple of months ago that import exchange rates are fixed months, and sometimes years, in advance?
And if you read what I said properly you'll see that I do actually deal with, for, and on behalf of companies that import both raw materials and finished goods.
The biggest risk to mist businesses (particularly labor intensive such as food manufacturing) with regard to price increases is not exchange rate fluctuation, but the introduction of the national living wage. |
Reply privately, Reply in forum +quote
or View forums list | |
» Add a new message to this topic
