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Brexit is an idiotic mistake - calendar week 8 summary watch

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    The Brexit economy: things are starting to deteriorate
    https://www.theguardian.com/business...to-deteriorate

    Brexit: UK GDP growth worst in G7
    https://descrier.co.uk/business/brex...owth-worst-g7/

    Bundesbank exec: Banks should ‘prepare for a hard Brexit’
    Institutions should ‘by no means bet on a far-reaching financial services agreement.’
    https://www.politico.eu/article/bund...a-hard-brexit/

    Anti-Brexit party launches in the UK
    http://www.euronews.com/2018/02/19/a...ches-in-the-uk

    Pound sterling’s Brexit fall might not be over, warns top fund manager
    http://www.independent.co.uk/news/bu...-a8217381.html

    EU official says UK seems delusional over post-Brexit ties
    http://www.wftv.com/news/national-ne...ties/705917295

    Brexit 'dampening' UK productivity growth warns deputy Bank of England Governor Dave Ramsden
    http://www.independent.co.uk/news/bu...-a8224956.html

    Hundreds of doctors turned away from the UK since Brexit as new visa rules deepen NHS staffing crisis
    http://www.businessinsider.fr/uk/nhs...a-rules-2018-2

    Recruiter warns Britain faces Brexit exodus of construction workers
    https://www.irishtimes.com/business/...kers-1.3401737

    Brexit: 94% of SMEs say the Government is ignoring their concerns about leaving the EU
    http://www.independent.co.uk/news/bu...-a8225836.html

    As clock ticks, UK manufacturers demand clarity on Brexit
    https://www.reuters.com/article/uk-b...-idUSKCN1G400J

    EU students owe us £592million – and Brexit means we may NEVER get it back
    https://www.thesun.co.uk/news/561821...r-get-it-back/

    Brexit and aviation: UK airline access to EU markets to diminish, as airlines prepare for the worst
    https://centreforaviation.com/insigh...e-worst-400044

    Net loss: Why Brexit could spell disaster for fishing
    http://www.theneweuropean.co.uk/top-...stry-1-5396375


    Opinion:

    Pity the Brexit 52%, led by cowards and charlatans
    https://www.theguardian.com/commenti...2-ukip-leavers

    Letters to the editor: So it’s 40 brains for Brexit — and 1,400 for ‘remain’
    https://www.thetimes.co.uk/article/l...main-lrzkd5jtb
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    It really troubles me that people still seem supportive of Brexit, considering how badly everything seems to be going with it so far.
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    (Original post by shadowdweller)
    It really troubles me that people still seem supportive of Brexit, considering how badly everything seems to be going with it so far.
    Yep, what people don't realise is that in the future, food that you buy from the supermarket will get smaller and cost more because of Brexit. This is already happening as well
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    Thank you, I can use these resources to write my persuasive essay. Thank you!!!
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    (Original post by IDOZ)
    Yep, what people don't realise is that in the future, food that you buy from the supermarket will get smaller and cost more because of Brexit. This is already happening as well
    Generally happens to every economy because of fiat currency. By this I mean inflation. As banks continue to print more money the value money goes down which in turn means the value of goods goes up. Remember Germany's inflation? They printed off tons of money to try and pay off debts but ended up ****ing up more. Instead buy silver and gold. They only go up in value.
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    (Original post by SubhanAslam)
    Generally happens to every economy because of fiat currency. By this I mean inflation. As banks continue to print more money the value money goes down which in turn means the value of goods goes up. Remember Germany's inflation? They printed off tons of money to try and pay off debts but ended up ****ing up more. Instead buy silver and gold. They only go up in value.
    Just to check, gold was $1,700 in 2012 yet now it's $1,300?
    $600 in 1980 but $300 in year 2000?

    Buy bitcoin, it only goes up in value. Bitcoin or tulips.
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    (Original post by IDOZ)
    Yep, what people don't realise is that in the future, food that you buy from the supermarket will get smaller and cost more because of Brexit. This is already happening as well
    Good?
    Most food is imported.
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    Meh, the UK is deteriorating anyway. People have made a decision and you can't change it now. Life goes on and complaining about it won't help.
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    (Original post by shadowdweller)
    It really troubles me that people still seem supportive of Brexit, considering how badly everything seems to be going with it so far.
    So far my mortgage interest has been cut and dividends boosted.

    Whats not to like?
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    (Original post by Quady)
    Good?
    Most food is imported.
    What?
    Do you think that it is good we have to pay more money for less food?
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    (Original post by Quady)
    So far my mortgage interest has been cut and dividends boosted.

    Whats not to like?
    Pretty much everything else?
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    (Original post by shadowdweller)
    It really troubles me that people still seem supportive of Brexit, considering how badly everything seems to be going with it so far.
    Simply not true. The economy is holding up much better than expected, exports are up, as are share prices. What's more we are breaking free of the bureaucracy of the EU. The EU is a giant corrupt boys club. We are one of a few countries that contribute more than we get back. Ask yourself, would you consciously join anything knowing that your return is less than your contribution? What's more, it's people of our age that will suffer the most. Hundreds of thousands of EU foreigners dragging down wages and taking our jobs. Yes, the employers love it because they no longer have to train anyone.

    The fact is that the nation voted OUT, so let's be positive and make it work. If we had voted to remain, do you honestly think we would have thousands of whinging Brexiteers moaning that we voted IN, I think not
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    (Original post by SpursMan)
    Simply not true. The economy is holding up much better than expected, exports are up, as are share prices. What's more we are breaking free of the bureaucracy of the EU. The EU is a giant corrupt boys club. We are one of a few countries that contribute more than we get back. Ask yourself, would you consciously join anything knowing that your return is less than your contribution? What's more, it's people of our age that will suffer the most. Hundreds of thousands of EU foreigners dragging down wages and taking our jobs. Yes, the employers love it because they no longer have to train anyone.

    The fact is that the nation voted OUT, so let's be positive and make it work. If we had voted to remain, do you honestly think we would have thousands of whinging Brexiteers moaning that we voted IN, I think not
    I'll address the former part of your post when I have more time later, but in terms of the latter, I 100% think we would have people complaining we voted IN; this was never going to be resolved without backlash, and people like to complain by their very nature. Perhaps we'd have had less drawn out complaints at a push, but only because of the fact that an out vote is a considerably more drawn out process, making longer-term complaints an inevitability.

    There will be complaints, and valid ones, until there's clearer actions and fewer issues stemming from Brexit.
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    (Original post by shadowdweller)
    Pretty much everything else?
    Like what?

    Brexit has made my work more interesting and lose the Tories their majority.

    What's not to like?
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    (Original post by IDOZ)
    What?
    Do you think that it is good we have to pay more money for less food?
    Well I've not seen it hit me. Lunch was a fish pie, mostly salmon for 30p.

    If the UK is importing food inflation it'll result in boosting UK food production which seems good to me.
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    (Original post by SpursMan)
    Simply not true. The economy is holding up much better than expected, exports are up, as are share prices. What's more we are breaking free of the bureaucracy of the EU. The EU is a giant corrupt boys club. We are one of a few countries that contribute more than we get back. Ask yourself, would you consciously join anything knowing that your return is less than your contribution? What's more, it's people of our age that will suffer the most. Hundreds of thousands of EU foreigners dragging down wages and taking our jobs. Yes, the employers love it because they no longer have to train anyone.

    The fact is that the nation voted OUT, so let's be positive and make it work. If we had voted to remain, do you honestly think we would have thousands of whinging Brexiteers moaning that we voted IN, I think not
    I think you’d there would be backlash from the “leave” campaign but let’s leave it
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    (Original post by Quady)
    Like what?

    Brexit has made my work more interesting and lose the Tories their majority.

    What's not to like?
    You only have to glance at the OP, or one of the many before this to see some of the things going wrong, and there are many others besides it. Yes, for you personally it may still be beneficial, but that doesn't mean it is in a wider sense.
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    (Original post by Quady)
    Well I've not seen it hit me. Lunch was a fish pie, mostly salmon for 30p.

    If the UK is importing food inflation it'll result in boosting UK food production which seems good to me.
    Did you not see on the BBC a little while ago about chocolate bar prices and size comparison?
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    The vote to leave is not going to please everyone. Farmers, bankers, big businesses to name a few groups. Some of these situations are artificial to begin with. Wages are kept low for big companies by freedom of movement from countries with inferior economic strength, farmers are subsidized because big business has driven the price down(too much buying power) and the banks and monetary system is a whole other thread(banks lending money and then creating 10X that amount out of thin air to lend to us) - doomed to collapse.

    My view is that Brexit will destroy some industries and revitalize others. Manufacturing will likely increase if the pound finds a lower level, food prices may go up but wages might as well. Where an important industry is in jeopardy the government can move in to support. The fisheries should see an uplift and we should gain a little more democracy as well. Swings and roundabouts.

    The aspect that most people forget is the sense of community, the ghettos that have formed, the pressure on schools, housing, benefits system, hospital beds etc which for some people can not be fixed by Big businesses making record profits. Please do not counter my argument with X% of NHS staff are immigrants as controlled immigration can take care of this.

    When I see the scare mongering about the pound falling etc it makes me laugh. The shift is large if you are stock broker with millions of pound of sterling on the FX market but for us normal people it means you might get 5 Euro less when you change up £100. What you should do is check how much the currency sellers are selling for vs the actual price(that's the con).

    I also firmly believe that some people would take the hit to see a curb in immigration(notice its not talked about anymore but is the number one issue for people who voted brexit).

    The worst result is the one we are heading for which is neither remain or leave. Where we have left in name, have to abide by all the rules and have no say in how Europe is run. If this is the result we may as well stay in. This is what labour will do after misleading the Public during latest election.

    Its a shame. Europe could be so great and the principle of working together, trading etc is great. its just a shame that they have made such a hash of it.
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    (Original post by F Creaven)
    The vote to leave is not going to please everyone. Farmers, bankers, big businesses to name a few groups.

    Smaller business and possibly all their employees if their jobs go.

    Manufacturing will likely increase if the pound finds a lower level,

    Maybe, but remember most of the raw materials with which one manufactures are imported, a weaker pound makes raw materials more expensive. And if we have tariffs to pay over next few years we will need to be pretty competitive re both price and superior quality to make inroads into foreign markets, even with a weaker pound. Also how does your higher wages point fit in, if we are selling like products into say India we have to be massively more productive to compensate for their lower labour costs and if high end goods there is still a limited demand for these in poorer countries-they just cannot afford large quantities at our prices.

    food prices may go up

    They have and will likely continue, our food from Europe is in exchange terms already circa 13% more expensive, this is currently a major contributor to our current inflation rate

    but wages might as well. .

    Well, unless productivity increases that makes inflation an even bigger threat, couple it with interest rate rises life if going to get tough for those with a mortgage/borrowings.



    When I see the scare mongering about the pound falling etc it makes me laugh. The shift is large if you are stock broker with millions of pound of sterling on the FX market but for us normal people it means you might get 5 Euro less when you change up £100. What you should do is check how much the currency sellers are selling for vs the actual price(that's the con).

    There is no free lunch with devaluation, it impacts everything we buy from abroad, white goods, electronics, transport costs, everything.

    Right now markets are a little in limbo, world growth has suppressed some downsides, if that breaks as exit terms/deals are not forthcoming life could get difficult. On the plus side we are not say Greece, with our own currency we have some room to mitigate , however by late 2018 or earlier we will start to see the real shape of Brexit-make or break year.

    The catch is the more developed countries which can afford mass purchasing of our goods are say USA and EU, if we have no deal with EU and limited treaties with USA where, for first 5-10 years, are we selling to?
    See above
 
 
 
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