The Collapse Of The Pound And The Effect On The El

[houdi 535]

And those that voted out are in denial of the catastrophic damage voting out has and will cause the UK.

 

The damage to the UK economy is already visible way before Article 50 has been invoked. It seems these brexitears have happily given away 25% of the salary without a blink.

 

If someone came up to them and grabbed their wallet, saw there was a thousand quid in there and took £250 out and handed the wallet back, the victim would punch the perpetrator on the nose and call the police to report a mugging. But these pro-brexit voters have just done exactly that to the remainers. And the irony is, they have also done it to themselves.

So the Treasury 'experts' forecast only 4 months ago that we would now be in recession predicting negative growth of 0.1% , instead we actually see a post brexit vote growth of 0.5%,yet again another Project Fear proved to be totally wrong. Nissan today announces huge new investment in the UK, 2 new cars being produced in Sunderland so yet another Project Fear scare that proved groundless.

Yesterday the BBC went to Newry, which has shown a huge increase (over 60% increase in cars coming over the border since June 23rd) to take advantage of the competitive pound,traders said business was booming.since June 23rd In comparison on food prices the UK was massively cheaper on comparable prices. A box of Kellogs cornflakes was £2 in Newry, and was 3 euros in the Republic, So you should be thankful that you are not doing your weekly shop in the Irish Republic.

You are to economics what Philip Green is to retail.

[dj350z 2,266]

 

 

You are to economics what Philip Green is to retail.

 

I thought Philip Green did quite well out of retail!!!

[Deano 1,318]

 

I thought Philip Green did quite well out of retail!!!

 

don't think that was the point being made. the word economics is the clue

[A ORLOV 8,628]

So the Treasury 'experts' forecast only 4 months ago that we would now be in recession predicting negative growth of 0.1% , instead we actually see a post brexit vote growth of 0.5%,yet again another Project Fear proved to be totally wrong. Nissan today announces huge new investment in the UK, 2 new cars being produced in Sunderland so yet another Project Fear scare that proved groundless.

Yesterday the BBC went to Newry, which has shown a huge increase (over 60% increase in cars coming over the border since June 23rd) to take advantage of the competitive pound,traders said business was booming.since June 23rd In comparison on food prices the UK was massively cheaper on comparable prices. A box of Kellogs cornflakes was £2 in Newry, and was 3 euros in the Republic, So you should be thankful that you are not doing your weekly shop in the Irish Republic.

You are to economics what Philip Green is to retail.

This cannot be right as the remoaners and a couple on here stated that companies would be leaving the UK not staying or investing for the future.

Edited October 27, 2016 by A ORLOV

[Deano 1,318]

This cannot be right as the remoaners and a couple on here stated that companies would be leaving the UK not staying or investing for the future.

 

The fact is, within reason, you can get anything to work provided those you have around you have the time, energy and ambition to make it work.

 

Remoaners are most certainly living up to the term "whinging pom", which expats will be well adverse too.

 

http://www.urbandictionary.com/define.php?term=Whinging%20Pom

[Steve Shovlar 10,439]

Just how much have the government given in guarentees to Nissan? An awful lot I should imagine. Considering Nissan employs tens of thousands in the north east, directly and indirectly, it was imperative the government fell over backwards to make sure Nissan didn't pull out and head for mainland europe.

 

No one knows what consessions the government have given Nissan. Huge tax breaks? Who knows except the inner circle. Whatever it was it was necessary to keep them from relocating on the continent.

[Humphrey Appleby 13,960]

This cannot be right as the remoaners and a couple on here stated that companies would be leaving the UK not staying or investing for the future.

For every positive news story clutched at by the Brexiteers, you can find a counter negative one. The fact remains though, that the UK has not yet left the EU and no-one knows on which terms it will do so. Until then, it's all hot air.

 

Companies can say all sorts of things, and often do, but there's actually nothing to prevent them changing their minds if they decide the business environment in the UK is no longer conducive to their wider interests. Even if companies do stay, then you still don't know what it'll mean for their employees given the Tory government's stated intention to tear up employee protection legislation.

 

It'll be several years before the consequences really become apparent.

[Deano 1,318]

Just how much have the government given in guarentees to Nissan? An awful lot I should imagine. Considering Nissan employs tens of thousands in the north east, directly and indirectly, it was imperative the government fell over backwards to make sure Nissan didn't pull out and head for mainland europe.

 

No one knows what consessions the government have given Nissan. Huge tax breaks? Who knows except the inner circle. Whatever it was it was necessary to keep them from relocating on the continent.

 

Who is to say they aren't already getting those. you simply don't know. Nissan has threatened to leave since day one.

 

It'll be several years before the consequences really become apparent.

 

or benefits

Edited October 27, 2016 by Deano

[Humphrey Appleby 13,960]

 

Who is to say they aren't already getting those. you simply don't know.

 

Well perhaps the UK government can also provide incentives to Tata to keep the steelworks in Port Talbot, because according to the Brexiteers it was all the fault of the EU that Tata were going to pull out.

 

The irony of a Tory government having to subsidise private industry though...

[Deano 1,318]

 

Well perhaps the UK government can also provide incentives to Tata to keep the steelworks in Port Talbot, because according to the Brexiteers it was all the fault of the EU that Tata were going to pull out.

 

The irony of a Tory government having to subsidise private industry though...

 

You are assuming again.

[A ORLOV 8,628]

For every positive news story clutched at by the Brexiteers, you can find a counter negative one. The fact remains though, that the UK has not yet left the EU and no-one knows on which terms it will do so. Until then, it's all hot air.

 

Companies can say all sorts of things, and often do, but there's actually nothing to prevent them changing their minds if they decide the business environment in the UK is no longer conducive to their wider interests. Even if companies do stay, then you still don't know what it'll mean for their employees given the Tory government's stated intention to tear up employee protection legislation.

 

It'll be several years before the consequences really become apparent.

Fine but we have not had companies flooding out in droves as was predicted, maybe they also realise all is not good with those across the channel.

[Humphrey Appleby 13,960]

Fine but we have not had companies flooding out in droves as was predicted,

 

It's only been a few months since the vote, Article 50 has not been invoked yet, and no-one knows the terms of leaving. Companies have not had the chance to really do anything yet, far less actually move.

 

However, whether you want to believe it or not, I do know organisations that are actively making plans to move from the UK. They're relatively small and not high profile companies so aren't going to make a big song-and-dance about it, but will just quietly move out over the next couple of years.

 

It's not even particularly relevant whether all is not good with the rest of the EU. They have to be based in the EU and single market - end of story.

[A ORLOV 8,628]

Just how much have the government given in guarentees to Nissan? An awful lot I should imagine. Considering Nissan employs tens of thousands in the north east, directly and indirectly, it was imperative the government fell over backwards to make sure Nissan didn't pull out and head for mainland europe.

 

 

If they did it would be less than what the Germans are going to have to give to their car industry if we stop buying their cars.

 

You have spoken to the government have you to know that they have been given guarantees or whatever to stop them relocating, maybe Nissan have realised that the eu has too many onerous employment laws and is declining rather than growing.

Anyway even if we have given them guarantees that may cost money, we have saved thousands of jobs and if there is any cost we could get the money from tariffs put on eu goods.

Edited October 27, 2016 by A ORLOV

[Humphrey Appleby 13,960]

If they did it would be less than what the Germans are going to have to give to their car industry if we stop buying their cars.

There may be a decline in purchasing German cars anyway, if the pound declines any more against the euro.

 

Anyway even if we have given them guarantees that may cost money, we have saved thousands of jobs and if there is any cost we could get the money from tariffs put on eu goods.

The demand for many if not most imported goods is elastic, so if you start whacking tariffs on them, the effect is simply that people buy less or just don't buy them at all. So not only don't you raise the revenues from tariffs you expect, but you also reduce opportunities for the local supply chains (e.g. the dealers, delivery system and the likes of Phloppy).

 

It'll not in any way help the UK to get into a trade war with the EU.

[A ORLOV 8,628]

There may be a decline in purchasing German cars anyway, if the pound declines any more against the euro.

 

 

The demand for many if not most imported goods is elastic, so if you start whacking tariffs on them, the effect is simply that people buy less or just don't buy them at all. So not only don't you raise the revenues from tariffs you expect, but you also reduce opportunities for the local supply chains (e.g. the dealers, delivery system and the likes of Phloppy).

 

It'll not in any way help the UK to get into a trade war with the EU.

It is more likely the euro will decline against the £ and other currencies after todays news about the german banks.

 

We will only be putting tariffs on German cars and all goods from the eu only if they put tariffs on our exports to them, the ball is in their court.

 

Anyway the less we import the better and any payments to Nissan can be taken out of the £8 billion plus all the other money we will save by companies that do not sell to the eu not having to comply with the eu rules and regs, and that is a very high figure.

Edited October 27, 2016 by A ORLOV