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Reply to: Sharp rise in prices in coming weeks
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Previously on "Sharp rise in prices in coming weeks"
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Originally posted by DimPrawn View PostI'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?
Even as we are growing the Eurozone can't even meet previous estimates. The Eurozone as a whole and Germany in particular downgraded. Shame.Last edited by GB9; 15 February 2017, 22:35.
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Originally posted by scooterscot View PostThe liberal in me does not use the term 3rd world.
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Originally posted by d000hg View PostDeveloping sounds quite a positive word.
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Originally posted by scooterscot View PostAll 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.
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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?
Leave a comment:
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Originally posted by scooterscot View PostAll 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.
Leave a comment:
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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.
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Originally posted by MarillionFan View PostGoing forward this year, we is fooked. Luckily I found out that Guernsey doesn't charge VAT, so does anyone want a new iPhone?
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Originally posted by BlasterBates View Post
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?
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What is to stop businesses putting up prices and blaming brexit? In fact didn't a big supermarket try and do that?
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