Doon frae Troon
Ryder Cup Winner
Brexit has already cost many jobs.
Leavers should try telling them to 'hold their nerve'.
Leavers should try telling them to 'hold their nerve'.
Brexit - or Article 50: the Phoenix!
- Thread starter drdel
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MegaSteve
Tour Winner
Ford have been taking jobs out of the UK for decades... Using platforms and policies from Brussels to do so... Was anyone jumping up and down asking what's going on during those times?
Foxholer
Blackballed
Have you actually read about how that (Estonia/Rusia) system actually works? It's actually simply a glorified(?) booking system with a declaration included.
And Estonia is actually building (or at least planning to build) a 2.5m barbed wire topped fence along all but some wetland areas of the shared border. It's even considering applying to EU to finance the cost - originally estimated at 79m Euros, recently re-estimated at 197m Euros.
So doesn't seem a great example of either a technology based solution, nor the sort of border desired by the 2 parts of Ireland!
https://financialobserver.eu/recent...eu-co-financing-of-border-fence-construction/
Sweep
Journeyman Pro
Harold Wilson managed to devalue the pound.
Sweep
Journeyman Pro
Yet more semantics from Parliament today with yet another days debate ending with yet another meaningless vote. Meanwhile the nation and practically the whole of Europe waits and worries over Brexit.
It’s just pure arrogance now. They should just get on with it and deliver what the electorate instructed.
It’s just pure arrogance now. They should just get on with it and deliver what the electorate instructed.
Mudball
Assistant Pro
Good point... but that was a different world than today... We operated a fixed market rate then while we currently have a market rate now. You can read more here
https://commonslibrary.parliament.u...pound-in-your-pocket-devaluation-50-years-on/
and a bit here > https://www.schroders.com/nl/nl/par...aluation-how-the-lessons-of-1967-apply-today/
Although not entirely attributable to the cut in the pound’s value, inflation nearly tripled between 1967 and 1970. And while devaluation did provide a short-term boost to the British economy, growth remained below the levels of the country’s international competitors. Given international supply chains, this will impacts things made in the UK. For instance, how many parts used in British-made cars are imported from abroad? In other words, will the likely increase in sales abroad, due to a more competitive exchange rate, be offset by an increase in the cost of production because imported parts and labour become more expensive?
In the age of rose tinted empire, GBP with a fixed exchange rate was $4.87 per £1. Following the War, as part of the Bretton Woods system, the pound was briefly fixed at $4.03 per £1 until 1949 when it was devalued by 30% to $2.80. Wilson devalued the currency in 1967 The collapse of the Bretton Woods system in 1971 led to the pound floating on international markets. Since then the pound has never regained its 1967 level of $2.80. Today £1 is worth around half that at $1.31 or lower
On a personal level, Supermarkets bring most of fresh produce from outside the UK, so be prepared for HID to give you a proper hiding when a essentials increase in price.
SocketRocket
Ryder Cup Winner
OK, that's a fair comment and you are correct that some businesses will decide to move operations for what ever reason they feel necessary, Brexit being one of them and after all the negative spin given by parts of the establishment who could blame then for being concerned. I can only comment on posts that people put on here and if I feel there is more to the decisions businesses make then I may decide to express my view and show any evidence I find to substantiate that view. In this case I have previously noticed Ford making statements regarding their European operations and feel it pertinent to express this as relevant. You of course are free to believe what you wish.
SocketRocket
Ryder Cup Winner
Who are 'Them' ?
Foxholer
Blackballed
Spot on!
I mentioned that it was 'the market' that determined the rate of both the UKP and the Euro in my post that quoted drdel's expanded comments. It's practically inconceivable that UK would return to a fixed rate, which would be the only way to 'actively devalue' the UKP. Though economic policy and events can and does mean that 'the market' may determine any currency to be worth more or less than the present value.
Mudball
Assistant Pro
This might bring joy to you... https://money.cnn.com/interactive/news/economy/brexit-jobs-tracker/
Acc to it, while we have lost jobs in some sectors, we have added jobs overall since Brexit. Though it is pointless to tell someone in Retail to 'get on their bike' and get a job in Insurance or retrain as a nurse
ColchesterFC
Journeyman Pro
I don't think the numbers alone give an accurate picture. I'd be interested to see the trend in retail jobs in the years before the referendum. While I'm sure that jobs in some sectors will be lost due to Brexit I'm not sure retail is one of them. Pressure from online sales is by far a bigger factor than Brexit in my opinion.
Foxholer
Blackballed
The old expression mentioning 'Lies, Damned Lies and Statistics' certainly applies here!
And, FWIW, I'd like to know what the stats for the equivalent period BEFORE the EU Referendum was before deciding whether the referendum actually had any effect or not!
Like Abraham Wald suggested in his 'bomber damage assessment', it's not always the 'obvious evidence/conclusion' that's most important.
Edit: ColchesterFC beat me to it!
Mudball
Assistant Pro
Ahh you guys are at it again.. talking down Britian when the Stats show that unemployment is down, inflation is down. yes some Rats are leaving, but that is because they always wanted to leave and are just using Breshit as an excuse.
... Oops, I just wrote Socket's response.
D
Deleted member 16999
Guest
Trying to be very careful not to reply without individuals seeing it as a dig, I agree with your post and I also voted leave, I just don’t see any issue with people like Bluewolf and Sweep coming from both sides, the problem comes when good informative posts are simply dismissed out of hand due to the fact of who posted them.
If anything I believe we’ve gone backwards as a Country since the vote, there is less tolerance and more ignorance and have no idea how long it will take until the Country as whole is in the right place or if it ever will be.
Worrying times ahead imo.
SocketRocket
Ryder Cup Winner
Smart ass comment that achieved nothing but a cheap dig.
SocketRocket
Ryder Cup Winner
Are you suggesting I do this? If so then please show where.
D
Deleted member 16999
Guest
No, no, no....... this is exactly what I’m on about, it’s dificult to respond on here directly without people becoming sensitive, sometimes people are just expressing an opinion.
SocketRocket
Ryder Cup Winner
That's fine... Just asking.
That's part of the problem. People using opinions as facts, or building a new fact from from sketchy formless facts, or spinning a fact into something else.
Take Robin-whats-his-name's fact that inflation hit 3% after the referendum vote. He's not wrong, it did. But it took 2+years after the vote to hit 3% and the whole world's inflation rate also rose at the same time. Give or take a few percentage points either way its a world thing that impacted the UK, not wholly a Brexit thing. In fact, if you look at the inflation rate across Europe you will see that Brexit, probably, added a few 0.1's to the rate, that's all.
Blaming Brexit for all the ills is just plain lazy and/or hysteria. Brexit will cause some serious problems, catastrophic problems, in some areas but blaming Brexit for everything... oh c'mon, be grown up and intelligent about it instead of grabbing at every little issue and shouting "Brexit's to blame.".
robinthehood
Hacker
Imagine if you could back your claim up. Sorry still BS . You know this is readily available info don't you......Not something you just googled or probably did just Google.
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