The point about things made in Britain being unaffected by exchange rates is bollocks. It depends on how much of the products are imported. If parts/ ingredients are imported, then the cost of manufacture will increase and therefore the price. Inflation being a danger of a weak pound.
The EU: In, out, shake it all about.... (259 Viewers)
- Thread starter jimmyhillsfanclub
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The point about things made in Britain being unaffected by exchange rates is bollocks. It depends on how much of the products are imported. If parts/ ingredients are imported, then the cost of manufacture will increase and therefore the price. Inflation being a danger of a weak pound.
mrtrench
Well-Known Member
True. It also makes it more likely for UK citizens to buy UK goods rather than imports. And it causes price deflation for British goods in foreign countries, increasing sales for exporters.
Why is the pound falling? Lots of factors:
- Uncertainty and fear about the UK economy.
- Opportunism from fx traders.
- The gap in interest rate expectations. The US's next move will be up. The UK's may be down.
If the UK reduces interest the pound will get weaker as people will move their money to where it earns more- and the currency is stronger/ safer. Reduced interest increases prices e.g. House prices.
If the uncertainty is justified ( which we shall see in 2017 ) then the downwards spiral will continue.
The Germans ( who rule the EU according to the more rabid Brexiters ) are attempting to stop EU benefits tourism by introducing a 5 year wait for benefits for EU migrants ( if it gets passed ). This may be a way of getting some control of EU migration ready for negotiations with the UK.
When my missus was sitting in my German reg car, some snooty woman in Christchurch said to her husband on passing " oh my god.... Germans..". Said as if she had just stood in dogshit. Harmless, but shows the attitude. Lucky for her I was on the other side or the street and couldn't get over quick enough... I would have pointed out that she is not above my missus because she maybe voted Brexit..
lewys33
Well-Known Member
Whilst I said what I said above - this is all just tosh. "Being proud" to be self governing - I didn't realise we were not. Which European laws do you not agree with? After all we did (do still currently I guess) have a say in them.
Nobody is putting British people down.
If Dave came back and said we have control of immigration but we have to pay double in contributions to the EU then what would you have said? I expect something similar will have to happen if we want to remain in the single market.
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Liquid Gold
Well-Known Member
It's a shame successive right wing governments have reduced the size of our manufacturing sector favouring a service economy which is vulnerable to a weak pound.
I hope your exports are able to provide the tax income we lose when banks leave after their abilitly to passport has been taken away.
chiefdave
Well-Known Member
Problem with that is that we're now a more service economy than a manufacturing economy so the boost for manufacturing is unlikely to offset the issues elsewhere.
Short term if they import parts...
SIR ERNIE
Well-Known Member
Captain Dart
Well-Known Member
Meanwhile Nicola is trying to do a Jocksit.
fernandopartridge
Well-Known Member
Wee Jimmy Krankie does make me laugh. The rest of the EU has already told her they're not interested. Even if they did get independence and accession to the EU, it takes years and years. What's she going to do in the meantime?
skybluetony176
Well-Known Member
I work for a small scale UK based manufacturer with business about a 50/50 split of export and home market and here's the issue with the home market. A lot of the raw materials we need to manufacture is only available from overseas meaning costs go up which means our selling price goes up. Fine for the overseas market as it's offset by the weak pound, not so good for the home market. Even materials that are sourced in the UK are effected. For instance we use a lot of metal in our products especially steel, lead and copper. The world trading center for metals is the LME (London Metal Exchange), sounds rosie, until you go on their website and realize that although the center is in London all trade is in US$, this means that metal product sourced and purchased in the UK and paid for locally in GBP is effected somewhere down the line by the weak pound, especially against the dollar. It's all wheels within wheels and that is where the price increases come from. In fact if you look at the commodities markets there isn't a fat lot that isn't traded in US$ so although the dollar price maybe hasn't changed much when it's converted into sterling it bumps up the price and always this gets passed down the line. So yes it is Brexits fault
Grendel
Well-Known Member
Businesses can't rely on an over valued pound. If it is experiencing difficulty now it raises questions as to its overall viability.
If it's hugely Euro dependant why didn't it look at Forex hedging?
Sick Boy
Super Moderator
Why is there currently an obsession that anyone voicing concerns over Brexit is putting the country down? I got told the same for expressing my concern about the rising xenophobia in the country with someone who voted leave at work. Even parents, who taught in UK schools for 20+ years are selling up their house and leaving after being spat at and told to 'go home'.
It's an utter disgrace.
It's an utter disgrace.
skybluetony176
Well-Known Member
The business I work for isn't any more dependent on an overvalued pound anymore than it is an undervalued pound so isn't experiencing difficulty.
It's just cold hard fact as to why prices are going up in the UK. There can't be too many industries in the UK that aren't effected by the weak pound in a negative way at some level. It's a case of whether they can offset the loses by the gains. Some will, some won't. We've had some materials go up between 5-10% and the same for some components, some haven't moved at all and others we're expecting to go up when prices have filtered through. One thing for certain is that once they go up they rarely come back down again and if they do it's never by the same margin that they rose by any ultimately it's the consumer who will end up paying for it. As I said, it's wheels within wheels and the consumer is the outside wheel so that is where the buck stops.
Earlsdon_Skyblue1
Well-Known Member
I find it funny how a lot of Remainers are banging on about hate crime going up and that racism has come back again, and that the reason we voted to leave was because our country has 17 million Bigots (irony?).
Peddling individual stories that all seem so similar. I mean, of course most racists in the UK will have voted leave, but there were more pathetically cowardly leftists voting stay out of the fear that was being thrown down their necks.
My other half is Slovakian, and mostly she has had nothing other than support from leave voters or actually Remainers apologising to her for their fellow 'racist' countrymen. If anything, apart from seemingly a large vocal contingent of Remainers spinning bile and the main stream media scaremongering and telling her people don't think she should be welcome, she's felt more accepted than ever.
Even if her other half did vote leave... What a nationalist he must be...
For the record, I don't have any issue with people expressing concern over Brexit. In reality no one knows what's going to happen. (I wish people would accept this and want the best for the country moving forward now we've voted, rather than pretending they can predict the future). However, branding everyone that voted leave as unintelligent and xzenephobic seems to be absolutely everywhere. Also, anything that happens (a local cat getting stuck up a tree) is blamed on Brexit.
It's really starting to piss me off again in the last week or so, and the constant bully tactics was actually part of the reason I voted leave in the first place anyway. If it hadn't of been for this, as a country I reckon remain might have just swung it overall.
Peddling individual stories that all seem so similar. I mean, of course most racists in the UK will have voted leave, but there were more pathetically cowardly leftists voting stay out of the fear that was being thrown down their necks.
My other half is Slovakian, and mostly she has had nothing other than support from leave voters or actually Remainers apologising to her for their fellow 'racist' countrymen. If anything, apart from seemingly a large vocal contingent of Remainers spinning bile and the main stream media scaremongering and telling her people don't think she should be welcome, she's felt more accepted than ever.
Even if her other half did vote leave... What a nationalist he must be...
For the record, I don't have any issue with people expressing concern over Brexit. In reality no one knows what's going to happen. (I wish people would accept this and want the best for the country moving forward now we've voted, rather than pretending they can predict the future). However, branding everyone that voted leave as unintelligent and xzenephobic seems to be absolutely everywhere. Also, anything that happens (a local cat getting stuck up a tree) is blamed on Brexit.
It's really starting to piss me off again in the last week or so, and the constant bully tactics was actually part of the reason I voted leave in the first place anyway. If it hadn't of been for this, as a country I reckon remain might have just swung it overall.
SIR ERNIE
Well-Known Member
Yes she is a joke, as is the Scottish economy which is hugely dependent on the subsidies it receives from England.
It's hilarious that at a time when EU nations are looking admiringly at Brexit, she wants to jump aboard and get her subsidies from the sinking ship.
Oh really...? No-one ( except the 10-12% tossers who vote for AfD - more in the east and less in the west ) is looking admiringly at the UK where I am in Germany. Trump, Le Pen, Orban, Petry and various other scumbags are of course admiring our own goal and would like to shoot their own own goals.... whatever...
The individual stories peddled about racism are backed up by police statistics. The ones of EU citizens being accepted more than ever are not backed up by the hate crime statistics.
What's wrong with being proud and self-governing? ( To continue King of Kings argument for Brexit ).
Earlsdon_Skyblue1
Well-Known Member
So low level hate crime has moderately risen, we all knew that was going to happen, it also incorporates more people reporting it than ever. Chip on shoulders? There are a lot of butt hurt Europeans angry at us, ask your German counterparts. Whilst it's completely unacceptable to pick on someone because they're European and we voted leave, it isn't as if people are going round lopping off people's heads because they aren't from England.
SIR ERNIE
Well-Known Member
Wow that's shocking. What a shame you were on the other side of the street at the time. Yes, she was probably a Brexit voter. Well maybe.
Did you report the 'snooty woman' to the police? Must surely qualify as racist hate crime.
Reporting a snooty woman in Christchurch would'nt help - there are enough of them. I said it was harmless and I would have told her more or less politely to fuck off. End of story. The point was, people never said anything whilst passing my German reg car before brexit. It is now relevant that I am not a Brit ( I am a Brit, but these prats don't have the intelligence to think a German reg car doesn't necessarily have to be driven by Germans ) whereas it wasn't before.
One Pole and one Czech dead, others beaten up. Yes, peanuts......... if you want to think like that...
dutchman
Well-Known Member
Marmite is 100% manufactured from ingredients made in Burton-on-Trent.
SIR ERNIE
Well-Known Member
Have you and your wife now recovered from the traumatic experience?
I still think the woman was a c**t, if that's what you mean. I hope that next time something like that happens I am able to tell whoever it is to fuck off.
Then that is is good news for me as I sometimes sell a couple of jars. Thank god for brexit.... Plus my daughter is in the uk for a year - her pocket money has gained in value.... I will visit the uk more often now..... So, I am ok. Earn in Euro and spend in GBP. Still think Brexit is wank for the country though....
Captain Dart
Well-Known Member
They should do a trial period without the Barnett subsidy, they'll sort them out.
SIR ERNIE
Well-Known Member
you mean by replying to racism..? One Brit replying to another Brit who is being derogatory to someone he thinks is inferior because of race?
Earlsdon_Skyblue1
Well-Known Member
Post some articles in here and I'll review them, any deaths are the first I've heard.
I won't comment further until then.
clint van damme
Well-Known Member
http://www.standard.co.uk/news/crim...-is-killed-in-hate-crime-attack-a3338366.html
there you go, it was all over the news.
" I'll review them", are you the Director of the CPS?!
It takes some denial to miss these things. Let's see what comes out with the attack on the Polish shop in Cov. Maybe nothing to do with hate crimes- but in this atmosphere the thought springs to mind.