[Politics] Brexit

[Buzzer]

It correctly references high inflation but fails to mention the reason which is mostly due to Brexit. Similar to many leavers you have failed to accept this as just present the report as written.

So basically all the tough and poorer times are here and set to be in place for years to come.

The super patriots must be so happy

Of course they don't mention it. It's already factored into the current price of Sterling which they say is still overvalued. If Brexit hadn't happened and we had pre-Brexit Sterling prices then the overvaluation %age would be much higher.

The report's bottom line is that Sterling is still too high which suggests that if Brexit hadn't kicked off the drop then something else would have. Remember... Correlation is not causation.

 

[The Clamp]

I've got to pick you up on this here. Referenda are a part of most if not all representative democracies and they work well because they are used sparingly. Most EU countries who all have representative democracies have used them for significant EU-led changes but Ireland also had one for same-sex marriages and the UK for proportional representation and so on. It's clear that they are a long-established and politically sound part of our democracy.

What isn't democratic is when a referendum goes the wrong way and the politicians force another one or try to have the result declared null and void, which is clearly the subtext that Remainers hope for when they bleat on about the referendum only being advisory. To claim now, after all the previous referenda that have happened in the UK and throughout the world in representative democracies, that they are all dodgy and shouldn't be part of our political process is frankly, a load of old scollobs.

It is utterly abhorrent that same sex marriage went to a referendum. Should have been waived through Government.

 

[studio150]

Of course they don't mention it. It's already factored into the current price of Sterling which they say is still overvalued. If Brexit hadn't happened and we had pre-Brexit Sterling prices then the overvaluation %age would be much higher.

The report's bottom line is that Sterling is still too high which suggests that if Brexit hadn't kicked off the drop then something else would have. Remember... Correlation is not causation.

If Brexit had not occurred then the assumption would be that inflation would not be as high as it is currently, nor as high as it will go this year. Thereby giving the BoE more scope on interest rates, and therefore any over value on the pound would not be as high as you believe.

While the bottom line is over valuation the rationale is higher inflation and the inability to increase interest rates due to need to ensure access to funds for business which are all linked to the outcome of the referendum as we are exposing our selves to higher prices and lower export markets until replacement deals are in place, which may or may not be subject to tariffs and therefore further pressure on inflation

 

[The Clamp]

Anyone that claims brexit has not had a detrimental effect on our economy is a looney.

 

[Buzzer]

If Brexit had not occurred then the assumption would be that inflation would not be as high as it is currently, nor as high as it will go this year. Thereby giving the BoE more scope on interest rates, and therefore any over value on the pound would not be as high as you believe.

While the bottom line is over valuation the rationale is higher inflation and the inability to increase interest rates due to need to ensure access to funds for business which are all linked to the outcome of the referendum as we are exposing our selves to higher prices and lower export markets until replacement deals are in place, which may or may not be subject to tariffs and therefore further pressure on inflation

You're conflating lots of different issues here, none of which are relevant to our conversation. It's a very simple point - many institutions believe Sterling is too high, even now after Brexit uncertainty led to a large drop. But a request please - let's not start down the road of claiming we've got rampant inflation when even after Brexit it's at the same level as Germany, only slightly higher than France and below the US.

 

[jakarta]

But a request please - let's not start down the road of claiming we've got rampant inflation when even after Brexit it's at the same level as Germany, only slightly higher than France and below the US.

Those of us who can remember the 1970's just laugh at the current 'rampant inflation' of 2%. Some of you don't know you are born...

 

[BigGully]

If Brexit had not occurred then the assumption would be that inflation would not be as high as it is currently, nor as high as it will go this year. Thereby giving the BoE more scope on interest rates, and therefore any over value on the pound would not be as high as you believe.

While the bottom line is over valuation the rationale is higher inflation and the inability to increase interest rates due to need to ensure access to funds for business which are all linked to the outcome of the referendum as we are exposing our selves to higher prices and lower export markets until replacement deals are in place, which may or may not be subject to tariffs and therefore further pressure on inflation

You really have to take your foot off the pedal, this has been debated to death, generally there has been nothing but quite good news since the referendum, nothing has materialised from the quite astonishing dire forecasts pre Brexit, so you need to keep your head down, there will be less favourable economic data, its the nature of the global economy, so you can have your moment of glory I suspect quickly contradicted by more positive comaparable data the following quarter, of course we can never be sure, but we can be sure you are continually wrong up to this point.

There is neither a collapse of sterling nor run away inflation, no one on this board really knows the tipping point when inflation or sterlings value becomes problematic, there is some vague middle ground when a devalued sterling might be beneficial to exports without adversly effecting costs/demand of imports which in turn only effects inflation in increments of 0.5%, that in itself isnt a recipe for disaster, quite the contrary it might be seen as a healthy situation for any economy, its neither boom and bust or stagnation, its a growing economy.

 

[Soulman]

Good news. Seeing how there seems to be a lot of wing flapping on here.

Boeing Co. plans to open its FIRST ever European factory in Sheffield, northern England -- delivering a vote of confidence in the U.K.’s manufacturing capabilities as the country prepares to exit the European Union.

The 20 million-pound ($25 million) facility will supply parts for Boeing’s 737 short-haul workhorse and the 777 wide-body, specializing in actuation systems that extend and retract an aircraft’s wing flaps in different phases of flight.
https://www.bloomberg.com/news/arti...n-its-first-european-plant-in-post-brexit-u-k

 

[Deleted member 22389]

Good news. Seeing how there seems to be a lot of wing flapping on here.

Boeing Co. plans to open its FIRST ever European factory in Sheffield, northern England -- delivering a vote of confidence in the U.K.’s manufacturing capabilities as the country prepares to exit the European Union.

The 20 million-pound ($25 million) facility will supply parts for Boeing’s 737 short-haul workhorse and the 777 wide-body, specializing in actuation systems that extend and retract an aircraft’s wing flaps in different phases of flight.
https://www.bloomberg.com/news/arti...n-its-first-european-plant-in-post-brexit-u-k

That's excellent news.

 

[Herr Tubthumper]

Good news. Seeing how there seems to be a lot of wing flapping on here.

Boeing Co. plans to open its FIRST ever European factory in Sheffield, northern England -- delivering a vote of confidence in the U.K.’s manufacturing capabilities as the country prepares to exit the European Union.

The 20 million-pound ($25 million) facility will supply parts for Boeing’s 737 short-haul workhorse and the 777 wide-body, specializing in actuation systems that extend and retract an aircraft’s wing flaps in different phases of flight.
https://www.bloomberg.com/news/arti...n-its-first-european-plant-in-post-brexit-u-k

"The 25,000 square-foot plant will initially employ 30 people"

30 people?

There's a new MacDonalds opening in London soon as well. Better bang on about this as well eh?

 

[Herr Tubthumper]

That's excellent news.

Agree. The 30 jobs will go some way to address the 1000 Ford jobs about to go.

 

[Soulman]

"The 25,000 square-foot plant will initially employ 30 people"

30 people?

There's a new MacDonalds opening in London soon as well. Better bang on about this as well eh?

Here he is our German dampener.

 

[Herr Tubthumper]

Here he is our German dampener.

I'm applauding these 60 odd Boeing and MacDonalds jobs you fool. Its absolutely fantastic news and shows Britain is open for business!,,

 

[Herr Tubthumper]

"Nissan asks for £100m supplier fund to safeguard UK car industry"


https://www.google.co.uk/amp/s/amp.ft.com/content/9bd3e876-fddc-11e6-96f8-3700c5664d30

Taxpayer propping up the much trumpeted post-Brexit Nissan investment.

Going well I see

 

[deletebeepbeepbeep]

Brexit bill going back to the house of commons!

 

[Soulman]

"Nissan asks for £100m supplier fund to safeguard UK car industry"


https://www.google.co.uk/amp/s/amp.ft.com/content/9bd3e876-fddc-11e6-96f8-3700c5664d30

Taxpayer propping up the much trumpeted post-Brexit Nissan investment.

Going well I see

Two days of EU investment then.

 

[studio150]

Good news. Seeing how there seems to be a lot of wing flapping on here.

Boeing Co. plans to open its FIRST ever European factory in Sheffield, northern England -- delivering a vote of confidence in the U.K.’s manufacturing capabilities as the country prepares to exit the European Union.

The 20 million-pound ($25 million) facility will supply parts for Boeing’s 737 short-haul workhorse and the 777 wide-body, specializing in actuation systems that extend and retract an aircraft’s wing flaps in different phases of flight.
https://www.bloomberg.com/news/arti...n-its-first-european-plant-in-post-brexit-u-k

And for balance, those new 30 jobs still leaves 1130 looking for new jobs.

http://www.bbc.co.uk/news/uk-wales-south-east-wales-39123982

 

[The Rivet]

Brexit bill going back to the house of commons!

Woopppy f**king do.......wonderful isn't it? Sent back over immigrants here but not a murmur about Brits over there. Lot's to celebrate then? Jeez, not a poker player are you if you think that's a success.

 

[GT49er]

Woopppy f**king do.......wonderful isn't it? Sent back over immigrants here but not a murmur about Brits over there. Lot's to celebrate then? Jeez, not a poker player are you if you think that's a success.

A few dozen old farts feeling pleased with themselves that they hope the government will have to go into the Brexit negotiations 1-0 down. (0-1; Lords. OG).
Commons can, of course, disregard it.
Existing EU citizens living and working here are, of course, welcome - the notion that some of them seem to have picked up from Project Fear that they will all be compulsorily repatriated is total bollocks - as is the idea of Spain cutting off a revenue stream (British ex-pats living there) to spite its face is preposterous. But no reason to discard the negotiating tool. Reciprocity.

 

[Deleted member 22389]

Sad that people actually believe this government would kick out EU nationals already living in this country. More scaremongering because the result didn't go some peoples way, pathetic.