Sharp rise in prices in coming weeks

[d000hg]

We've heard it for the last 8 months. It's always coming.

It's already started.

[MarillionFan]

indeed...

Millions of families pushed to brink of poverty by rising living costs, report warns | The Independent

This isn't a surprise is it? I posted this back in the summer when we voted for Brexit and the currency collapsed.

Importing is around 9 months behind, so as we gorged ourselves over Xmas, everything else that was to be imported had been hit by the 20% drop in the dollar. The only bit that confused me was the rise in the FTSE (because of the drop).

Going forward this year, we is fooked. Luckily I found out that Guernsey doesn't charge VAT, so does anyone want a new iPhone?

[scooterscot]

Going forward this year, we is fooked. Luckily I found out that Guernsey doesn't charge VAT, so does anyone want a new iPhone?

Are you suggesting you're going to avoid declaring purchases made in the channel islands on your return to the mainland?!

[scooterscot]

All n all it is probably a good thing. The country needs to declare bankruptcy. We're broke. It is true debt levels to GDP are not the same historically speaking. However there's a significant difference. The economy is well and truly broken. Interest rates prove this. The economy has been broken for some years now. The cost of living has exploded in the past 10-15 years whilst wages have barely moved. And that's not to mention the cost of housing.

How will it unfold?

Prices will increase, people will buy less. Alarm bells should ring when domestic demand starts to fall as a result. GDP will now suffer as domestic demand plummets, there's now even less income in taxes for the exchequer. Suddenly the ratings agencies get wise, servicing our debts become a struggle. Credit ratings drop and our international lenders begin to increase the interest on our loans.

Investors start dumping sterling. Remember all the QE we dumped into the system? Watch it now come to bite back big style.

In years to come the brexiters may well just be credited with transforming the UK into a developing nation.

[eek]

All n all it is probably a good thing. The country needs to declare bankruptcy. We're broke. It is true debt levels to GDP are not the same historically speaking. However there's a significant difference. The economy is well and truly broken. Interest rates prove this. The economy has been broken for some years now. The cost of living has exploded in the past 10-15 years whilst wages have barely moved. And that's not to mention the cost of housing.

How will it unfold?

Prices will increase, people will buy less. Alarm bells should ring when domestic demand starts to fall as a result. GDP will now suffer as domestic demand plummets, there's now even less income in taxes for the exchequer. Suddenly the ratings agencies get wise, servicing our debts become a struggle. Credit ratings drop and our international lenders begin to increase the interest on our loans.

Investors start dumping sterling. Remember all the QE we dumped into the system? Watch it now come to bite back big style.

In years to come the brexiters may well just be credited with transforming the UK into a developing nation.

And what has that sentence got to do with the argument up to that point. Remove the referendum result and nowt has changed..

[d000hg]

Developing sounds quite a positive word.

[DimPrawn]

I'm starting to get worried now......shall I cancel the order for a new Bentley and make do with an S Class and muddle through?

[vetran]

All n all it is probably a good thing. The country needs to declare bankruptcy. We're broke. It is true debt levels to GDP are not the same historically speaking. However there's a significant difference. The economy is well and truly broken. Interest rates prove this. The economy has been broken for some years now. The cost of living has exploded in the past 10-15 years whilst wages have barely moved. And that's not to mention the cost of housing.

How will it unfold?

Prices will increase, people will buy less. Alarm bells should ring when domestic demand starts to fall as a result. GDP will now suffer as domestic demand plummets, there's now even less income in taxes for the exchequer. Suddenly the ratings agencies get wise, servicing our debts become a struggle. Credit ratings drop and our international lenders begin to increase the interest on our loans.

Investors start dumping sterling. Remember all the QE we dumped into the system? Watch it now come to bite back big style.

In years to come the brexiters may well just be credited with transforming the UK into a developing nation.

Tulip Germany is bankrupt???

[greenlake]

I'm starting to get worried now......shall I cancel the order for a new Bentley and make do with an S Class and muddle through?

No, keep the Bentley. You might want to reconsider the fur coat though....

[scooterscot]

Developing sounds quite a positive word.

The liberal in me does not use the term 3rd world.