[Merged]Brexit stuff

[DodgyAgent]

..would have been nice if the Leave side actually mentioned the need for some pain to achieve economic re-balancing, rather than the nonsense of having cake and eating it.

There is no political will in the Nation for the pain required to achieve this kind of re-balancing. Already the siren calls of 'Nobody told me if would be like this' are starting to be heard. I wish Ms May and her 12 seat majority lots of luck trying to navigate a mega inflation and job losses in order to 're-balance' the economy.

Whereas the remoaners painted an entirely objective picture of what things would be like if we stayed in the EU?

The Marmite war is over – now let's fight to cash in on the falling pound

[scooterscot]

Whereas the remoaners painted an entirely objective picture of what things would be like if we stayed in the EU?

The Marmite war is over –Â*now let's fight to cash in on the falling pound

You still are in the EU. At least for the next two and a half years. The Wrexit camp use this example to vilify their position when it has nothing to do with whether we're in or out.

[GB9]

Whereas the remoaners painted an entirely objective picture of what things would be like if we stayed in the EU?

The Marmite war is over –Â*now let's fight to cash in on the falling pound

This paragraph is particularly pertinent:

"Sir Vince Cable was brave enough to make this point when he was Business Secretary: he reckoned about 10 per cent too high. The International Monetary Fund went as high as 15 per cent. Ashoka Mody, a former IMF official, reckons it was about 25 per cent overvalued by the time of referendum. “The people of Britain were not richer before Brexit,” he wrote recently. “On the contrary, they were living beyond their means”."

[GB9]

You still are in the EU. At least for the next two and a half years. The Wrexit camp use this example to vilify their position when it has nothing to do with whether we're in or out.

Don't you continually tell us the UK is broke and living beyond our means?

Do you understand what happened with Unilever yesterday and that the same will happen to other companies in the EU?

[scooterscot]

Don't you continually tell us the UK is broke and living beyond our means?

If we keep having to borrow to pay our way that's called living beyond our means. Hope you're not in charge of finances at home.

Do you understand what happened with Unilever yesterday and that the same will happen to other companies in the EU?

Yes. A company could no longer sell to a UK supplier at the preferred GBP price Tesco was willing to pay because of currency fluctuations. A bit like you'll not being able to afford a trip to the US next year cause it'll not cost you more than you'd like to pay. Betters complain to the Americans, I'm sure they'll yield to your demands.

[The Spartan]

If we keep having to borrow to pay our way that's called living beyond our means. Hope you're not in charge of finances at home.




Yes. A company could no longer sell to a UK supplier at the preferred GBP price Tesco was willing to pay because of currency fluctuations. A bit like you'll not being able to afford a trip to the US next year cause it'll not cost you more than you'd like to pay. Betters complain to the Americans, I'm sure they'll yield to your demands.

Unless you address the deficit the debt will always keep rising that's pretty obvious really, UK borrowing has been falling since around 2010-11 UK National Debt | Economics Help

Deficit down but debt up?

One potential confusion is that politicians may say the budget deficit is coming down. But, at the same time, national debt is rising.

If annual borrowing falls from £80bn to £50bn, the annual deficit is lower. But, at the same time, the national debt (total debt) can still be rising.

[GB9]

If we keep having to borrow to pay our way that's called living beyond our means. Hope you're not in charge of finances at home.




Yes. A company could no longer sell to a UK supplier at the preferred GBP price Tesco was willing to pay because of currency fluctuations. A bit like you'll not being able to afford a trip to the US next year cause it'll not cost you more than you'd like to pay. Betters complain to the Americans, I'm sure they'll yield to your demands.

So you clearly don't understand what happened with Unilever.

You tell us we are living beyond our means but when the balance starts to change you scream we are poorer. I will state the bleeding obvious, but anyone living beyond their means who then stops living beyond their means WILL feel poorer.

All you have done is confirm you are economically illiterate.

And wtf would I want to go to the us? Never been. Never will.

[BlasterBates]

Yes as GB9 points out we'll see a rebalancing of the economy from services:

US banks to move to France

to low cost manufacturing, which means you'll be less likely to be in a "smarmy job" in the City where there will be less jobs and more likely in a poultry factory in the midlands putting chickens in boxes for delivery to non-EU countries with which the UK has managed to cobble together a trade deal.

[Paddy]

Don't you continually tell us the UK is broke and living beyond our means?

Do you understand what happened with Unilever yesterday and that the same will happen to other companies in the EU?

S&P is about to downgrade the UK credit rating again due to the lack of currency reserves and the fall of Sterling.

[GB9]

Yes as GB9 points out we'll see a rebalancing of the economy from services:

US banks to move to France

to low cost manufacturing, which means you'll be less likely to be in a "smarmy job" in the City where there will be less jobs and more likely in a poultry factory in the midlands putting chickens in boxes for delivery to non-EU countries with which the UK has managed to cobble together a trade deal.

Yes, Sapin. Genuinely believes if he keeps saying it, it will happen.

Banks may open a small office in Luxembourg but the big players have indicated that if they move they will go to NY.