Brexit - Will it be ratified?

[Sonicscooter]

Currently sat here with a beer, waiting for the usual suspect to post sprawling waffle about how the sky is falling..........

 

[tar]

Everything is ok maybe thats why BOE is looking to cut rates this summer instead of increasing them ...

 

[forker]

I got a nasty shock today at how prices of food have risen already. A small plastic tray of asparagus which was £2 is now £4 for instance. Not good. Must be down to the fallen pound exchange rate ?

More reason for farmers locally to grow more

 

[tar]

UK Now in Recession say Barclays, Release GDP Forecasts for 2016 - 2017

Economists at Barclays say the UK economy is now contracting and is expected to do so into 2017 while inflation is forecast to pick up towards 2%.

https://www.poundsterlinglive.com/economics/5177-uk-gdp-forecasts-2016-2017-barclays

 

[Splitlink]

I got a nasty shock today at how prices of food have risen already. A small plastic tray of asparagus which was £2 is now £4 for instance. Not good. Must be down to the fallen pound exchange rate ?

I must come back with this one!

Don't tolerate being ripped off.

I remember when we went into the Euro. The inflation caused by changing over was terrible.

If I remember correctly the Euro was pegged at about 165 pesetas. This was the rate that banks took them and gave you euros and cents and it was official. It is surprising how quickly the new currency went into circulation. In a few days it was almost all over.

When people started coming into the shops they were doing the exchange on their computers and handing out Euros for 100 peseta coins. I remember one of our assistants laughing and saying to one, "Prices are going up, but not bythat much"! They used to hold out their hands and give and take money on trust. No wonder that they said the Euro caused inflation!

I mention this because of the scaremongering that there is in the UK about inflation. Watch for price ripoffs!

Asparagus can't have risen by double.

 

[barjon]

These people really do need to be challenged.
The Brexiters knew their reasons for leaving and voted accordingly.
The remanians, when challenged, really didn't make a case for staying in. Just fear mongering and that lame excuse, "it's a big bad world out there".
Well sorry, those are not good reasons for staying inside a dying EU.

They made plenty of good reasons - you just didn't listen

 

[forker]

Cutting rates is good for business and the cheaper pound is good for business that sell services and goods abroad. Locally inflation will rise but I do believe this won't persist as local businesses pounce on domestic opportunity. Yes for those negative posters here there is a great deal of opportunity. Some businesses will inevitably suffer as a result of their offering being tightly coupled with EU or a strong sterling. These businesses will adapt or perish but life will go on and the UK will be great again so long as people see the opportunity and stop b¡tching and get on with things.

 

[counter_violent]

They made plenty of good reasons - you just didn't listen

That's right, me and my 52%er mates were having none of it

So now all we have to do is put more and more distance and time between us (UK) and them (EU) before it all goes tits.

 

[Sonicscooter]

They made plenty of good reasons - you just didn't listen

To be realistic, we did listen, we had 40+ years of listening, so my judgement was based on a lifetimes experience.


It was you remainers who wouldn't listen, you were all too busy scoffing and making apocalyptic negative statements.

 

[forker]

One of many examples of businesses enjoying a weaker sterling. http://news.sky.com/story/weaker-pound-is-good-news-for-pinewood-10498380

 

[Oscar Reed]

Someone here, who actually lives in the UK, applauded a comment by somebody else who does not live in the UK that they were going to "short the UK". What sense does that make? I would not be happy about the US economy being in the toilet and having foreigners profit from it.

Short The United States of America.

 

[counter_violent]

Economists at Barclays say the UK economy is now contracting and is expected to do so into 2017 while inflation is forecast to pick up towards 2%.

https://www.poundsterlinglive.com/economics/5177-uk-gdp-forecasts-2016-2017-barclays

Now correct me if I'm wrong.

But isn't that the stated aim of the Govt and the BOE for us to try and achieve 2% inflation? This would mean we really are recovering and that interest rates may have to be used to control it, thus increasing the value of the pound thereafter.

One thing for sure, EU will still be printing money and stimulating long after we have started our recovery in earnest.

 

[Sonicscooter]

Anyone got any thoughts on if or how this could affect the merger between the London stock exchange and the Germans now we aren't going to have their superstate plan.....:?:

 

[hhiusa]

Short The United States of America.

Let me know how that trade works out for you.

Jobless rates at lows not seen since 1973. All the freaked Europeans inundating US treasuries.

All the best.

 

[hhiusa]

Now correct me if I'm wrong.

But isn't that the stated aim of the Govt and the BOE for us to try and achieve 2% inflation? This would mean we really are recovering and that interest rates may have to be used to control it, thus increasing the value of the pound thereafter.

One thing for sure, EU will still be printing money and stimulating long after we have started our recovery in earnest.

I would have to agree. Inflation usually means jobless rates are descending and the economy is growing.

 

[counter_violent]

Anyone got any thoughts on if or how this could affect the merger between the London stock exchange and the Germans now we aren't going to have their superstate plan.....:?:

The 2 sides have an agreement. Fortunately, this is just the start of the process. The Monopolies commission may take an entirely different view.

 

[Sonicscooter]

The 2 sides have an agreement. Fortunately, this is just the start of the process. The Monopolies commission may take an entirely different view.

I'm wondering if the City will be more inclined to look after its "own" and stick together as such, whether that's the exchange or the companies listed on it.

 

[barjon]

To be realistic, we did listen, we had 40+ years of listening, so my judgement was based on a lifetimes experience.


It was you remainers who wouldn't listen, you were all too busy scoffing and making apocalyptic negative statements.

Fair enough, I don't doubt your sincerity in arriving st your judgement. By the same token people shouldn't doubt the sincerity of the remainers in holding the position they do.

I believe, with equal passion to yours, that Britain has been and would be better off as part of the EU. That's not to say Britain will not make a success of going it alone, albeit that there are a lot of "maybes" about at the moment.

You would not expect a Tory to become a Socialist just because the Labour Party win a general election, so it's surely reasonable for a remainer to hold the same view despite the referendum result?

 

[counter_violent]

I'm wondering if the City will be more inclined to look after its "own" and stick together as such, whether that's the exchange or the companies listed on it.

Actually, there's lots of opposition, inc Belgium

http://www.ft.com/cms/s/0/1f9a551c-46bf-11e6-b387-64ab0a67014c.html#axzz4E8JiCiLK

 

[tar]

Now correct me if I'm wrong.

But isn't that the stated aim of the Govt and the BOE for us to try and achieve 2% inflation? This would mean we really are recovering and that interest rates may have to be used to control it, thus increasing the value of the pound thereafter.

One thing for sure, EU will still be printing money and stimulating long after we have started our recovery in earnest.

Wasnt trying to achieve recession though ...