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Steve Shovlar

The Collapse Of The Pound And The Effect On The El

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This post is Blinkered by your own view,which i don't share in the long-term we will be stronger as a nation.We are the fifth richest nation so we should be able to ride the storm can you not see the EU was a sinking ship anyway.?

Others may see that when other countries leave.

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Not many of these migrants have ventured down our way. I do hear the occasional Polish voice at car boot but thats about it.

dont think theres a hotel in poole bournemouth that could stay open without their portugese employees

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There is no winner out of the vote.

 

Half the country who voted to stay have been led up the creek by the just overhalf who wanted out.

 

So what are we to gain by severing our links with our main trading partners? Nothing but hardship Imo.

 

The pound is already suffering the consequences of the vote and is expected to dive even further in the coming months and years. This will mean massive rises in fuel prices which will affect everyone. So far we have been lucky in that oil prices have been low but as the pound falls fuel will rise as its paid for in Dollars. I hope we dont hear moans from the brexit brigade as petrol prices go through the roof.

 

As for trade, well the brexit mob say we can deal with the world. Sure we can, except the trade agreements are tariff laden. The EU will not under any circumstances allow us to trade with them on an equal footing unless we agree to their demands. So keeping our borders wide open. So isn't that one of the main reasons why people voted brexit? What do they want? Closed borders and visas to enter the UK, or an even playing field with the rest of Europe.

 

It has been stated we will get our way as the Germans will still want to sell their cars here. I don't believe that for a minute. There is no way the eu will allow us to trade freely with europe without tarrifs. Otherwise what is the point of the eu? They will want to make an example out of the uk so other countries don't have the same thoughts.

 

As for immigration. The horse has already bolted. And closed borders mean no trade deals. We wont be dealing the cards and the card holder has them stacked in their favour.

 

 

I believe the brexit vote will have catastrophic consequences for the citizens of the UK.

 

All doom and gloom? Yep.

 

Only for self-employed entrepreneurs... :P

 

So, given that half of Europe, and beyond, helped itself to our housing, our hospitals and welfare system do you think it was right that we carried on allowing these people to do so? Perhaps we should have just allowed the French and the Germans to dictate terms and tell everyone how it was, how it was going to be and we just bend over and take it?

 

Anyway, back to the speedway, for years we, the fans, have moaned about foreigners sitting at reserve on a false average, if that means those inept fools at the BSPA have to finally address the position i.e. think about speedway at all three levels and provide a cohesive and joined up approach then it may be what speedway finally needs. Unfortunately, I think they might just take the Blue Peter attitude....some sticky back plastic and some glue et voila!

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Steve

 

I posted once that I always found your posts interesting but I just hoped I would actually agree with one of them sometime. Well, this is the one and unfortunately it happens to be far and away the most serious and important one.

 

Brexit voters have been led into a simple vote on "do we want so many Poles over here?" Without giving any regard to the economics or practicalities of he case. The fact that the NHS would be in even more major trouble if we lost all the EU trained staff was hardly mentioned, nor has the future of our economy. All we heard was "we can renegotiate trade agreements". Well so can they and it's gonna hurt. These days we can no longer send in a gun boat and say "sign or else" as in days of yore.

 

I don't expect the vote will affect me too much as I will likely be pushing up daisies by the time the implications of our exit really strike. It is the kids who are still in primary schools that I really feel sorry for. For a lot of them their career hope will be to get a work permit to go work in France or Germany or even ....... Poland. Anybody notice that the two most voluable Brexit guys got out as soon as they saw what they had done? Farage resigned and Bumbling Boris dropped his bid for party leadership. Neither wanted any part in trying to fix the mess they had created.

 

Never hoped so much that I will be wrong but ...........

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Throughout my life time we have been told pain today for jam tomorrow . We have had plenty of pain but as one gets older there is not much time left for the jam.

Edited by wealdstone

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The weak pound also makes it much cheaper for those on foreign shores to buy up any remaining UK companies.

 

Quite ironic really..

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The weak pound also makes it much cheaper for those on foreign shores to buy up any remaining UK companies.

 

Quite ironic really..

 

Well, they had better be quick because there aren't many left!

:t:

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And its just been announced on the 6 o'clock bbc news that petrol prices are about to rise by 5p a litre imminently. Directly caused by the brexit vote.

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And its just been announced on the 6 o'clock bbc news that petrol prices are about to rise by 5p a litre imminently. Directly caused by the brexit vote.

 

More accurately, as a result of the politicians charged with the task of implementing the mechanism for this country to exit the EU having no coherent plan.

 

Markets hate uncertainty and hopefully, when our political chums get their act together and lay down the timetable and terms of our exit, then the pound will rise in value against the dollar and petrol prices will fall again.

:t:

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'Markets hate uncertainty' - but the FTSE is nudging 7100 today - the highest for some considerable time.

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Getting even less for your money at airports now

 

 

http://www.standard.co.uk/news/uk/pound-to-euro-exchange-rate-travellers-at-uk-airports-offered-less-than-one-euro-to-the-pound-a3365531.html

 

As far as i know riders get paid in currency and not with shares for BP etc :P

Edited by iris123

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'Markets hate uncertainty' - but the FTSE is nudging 7100 today - the highest for some considerable time.

 

The FTSE100 is rather more a casino than a market!

:blink:

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'Markets hate uncertainty' - but the FTSE is nudging 7100 today - the highest for some considerable time.

But this has very little to do with how things will end up for Joe Public. The ftse top 100 is made up of companies who are benefitting from the weak pound. A clearer indication is the ftse top 250 which is made up of more British based companies, who are struggling with the very poor exchange rates.

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And its just been announced on the 6 o'clock bbc news that petrol prices are about to rise by 5p a litre imminently. Directly caused by the brexit vote.

Who would have thought that a drop in the value of the pound would put the price of petrol and all imports up.

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Who is 'closing borders'? - that is just more simplified rhetoric. UK will certainly NOT be a closed area for immigrants but we will, at last, have the final say on just who is allowed in.. Of the many folks I have encountered post the referendum, the issue of sovereignty came up before that of immigration amongst those that voted 'out' =- that is the ability to hold our politicians to account for the way they run the country ( at the moment the EU partly runs the country) and to take the ultimate sanction should we not be best pleased.

 

Yes, there will be some short term pain, Sterling was over-valued anyway, but, in the long term, to be able to determine our own destiny is the overriding factor.( I seem to recall paying around £1.30 per litre for fuel not that long ago).

 

It is all very well playing on the downside of Brexit whilst conveniently ignoring the ongoing problems of staying in the EU.


But this has very little to do with how things will end up for Joe Public. The ftse top 100 is made up of companies who are benefitting from the weak pound. A clearer indication is the ftse top 250 which is made up of more British based companies, who are struggling with the very poor exchange rates.

 

As of today, it (FTSE 250) is higher than it was the day before the referendum!

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