Should the UK leave the EU?

[jcheeseright]

Yes it will! You are confusing inflation with exchange rate. Now, if you had said it wont buy you what it would a week ago IN PARIS, then your statement would be correct.

No I'm not, I never said anything about exchange rates! £1 is worth less now than it was on thursday last week, we live in a global market. If I were to buy a product from a British company in sterling that was produced entirely within Britain without any of the money ever leaving the country then yes, £1 is £1.

Sadly that product doesn't exist!

 

[proffrink]

If the pound v dollar v euro etc continues to stay at this level we should expect almost everything in airsoft (and many other things) to go up in price since its mostly imported goods. An increase of everything Airsoft of 10%, including consumables like BBs sounds fairly likely at this point.

Based on how often the shops restock the impact is likely to occur in around a months time. Retailers may be holding purchases in the hope the pound recovers soon from its initial big drops, which might also cause stock shortages.

Too early to make a call on the long-term value of the pound. Uncertainty has meant a crash, but it may be very temporary or it may last a year or we may be completely screwed if the EU says no to tariff-free imports for us.

Yes it will! You are confusing inflation with exchange rate. Now, if you had said it wont buy you what it would a week ago IN PARIS, then your statement would be correct.

Like jcheese says: Most products you have in your house aren't made in the UK. Importers will not be able to buy at the same price with the money you give them unless the exporters have some use for GBP. Exporters will either raise the price of products sold in GBP to cover their end when they convert the currency, or importers will not get as many Euros or Dollars to their Pound to spend on the items they're importing.
This cost is eventually passed onto the consumer, and that's what inflation is.

 

[EvilMonkee]

As a trained accountant I am well aware of what inflation is thanks dont be so patronising

 

[jcheeseright]

Yet you're still trying to argue that devaluation of our currency isn't a problem because £1 is £1?

Which accountancy school did you train at, Mr Zoolander's school for kids who don't count so good?

 

[proffrink]

Maybe you can explain further, Monkey? I don't get what you mean. I know £1 is £1 if I'm buying good solely made in the UK, but other than Digestives and Lyle's Golden Syrup, I'm not sure what these are.

Is your argument that we should be producing more stuff in the UK so that inflation doesn't matter or?

 

[Lozart]

Maybe you can explain further, Monkey? I don't get what you mean. I know £1 is £1 if I'm buying good solely made in the UK, but other than Digestives and Lyle's Golden Syrup, I'm not sure what these are.

Is your argument that we should be producing more stuff in the UK so that inflation doesn't matter or?

Worth mentioning that Tate and Lyle import the raw sugar for golden syrup. Plus they are actually an American owned company now (asr).

 

[Sitting Duck]

may I propose a toast before it gets silly & nasty & bitchy....

think we just gotta chill a bit and wait n see

 

[proffrink]

Worth mentioning that Tate and Lyle import the raw sugar for golden syrup. Plus they are actually an American owned company now (asr).

Wow, is there anything we don't import anymore?

Top Gear maybe?

Oh wait.

 

[Lozart]

As a trained accountant I am well aware of what inflation is thanks dont be so patronising

OK, so how about this: we buy oil in USD. The GBP/USD exchange rate has fallen so we will be paying more for it. That will increase the price of fuel at the pump which will in turn increase the overheads of ANY consumer goods both domestic and imported due to increased transport costs. Ergo the pound in you pocket is in real terms worth less now than it was prior to the referendum and resultant drop in the exchange rate.

All the while, inflation hasn't changed and if current suggestions are to be believed interest rates will likely drop further rather than go up signalling a possible move into deflation rather than inflation.

 

[Lozart]

Is there anything we don't import anymore?

Top Gear maybe?

Oh wait.

Specialist farm vehicles.......and....errmmm.......OH! Aston Martins!

To be fair Tate and Lyle have ALWAYS grown their sugar cane abroad because it just doesn't grow here. If you want to buy British then stic with Silver Spoon who make theirs from sugar beet grown in the UK (by parent company British Sugar).

 

[Sacarathe]

Mmmmm, sugar. I guess if the pound isn't what it once was we don't a deterrent sugar tax if it all costs more anyway. Those poor sugary drinks companies.

 

[Lozart]

Mmmmm, sugar. I guess if the pound isn't what it once was we don't a deterrent sugar tax if it all costs more anyway. Those poor sugary drinks companies.

Historically when the economy goes down, soft drinks sales go up (more people stay home).

 

[Sitting Duck]

Historically when the economy goes down, soft drinks sales go up (more people stay home).

With the way the markets are up n down like a bride's nightie atm

I am investing in nothing - f*ck Pepsi Coke Britvic or anything - even airsoft

too dodgy to predict owt atm

even this guy go won't go there atm...

 

[Lozart]

With the way the markets are up n down like a bride's nightie atm

I am investing in nothing - f*ck Pepsi Coke Britvic or anything - even airsoft

too dodgy to predict owt atm

even this guy go won't go there atm...

Pepsi and Britvic are the same company (Coke and Schweppes are one company too btw). I wasn't suggest that you invest, just that people buy more of it when they can't afford to go out. Or when the footies on in the case of Coke.

 

[Sacarathe]

Original Vid: youtube.com/watch?v=USTypBKEd8Y

 

[proffrink]

Specialist farm vehicles.......and....errmmm.......OH! Aston Martins!

To be fair Tate and Lyle have ALWAYS grown their sugar cane abroad because it just doesn't grow here. If you want to buy British then stic with Silver Spoon who make theirs from sugar beet grown in the UK (by parent company British Sugar).

Ah, fair enough. I'd figured they use the same beats as Silver Spoon.

 

[skarra333]

It does bother me how the 'Leave Campaign' is badged as this Hydra like creature that acted and moved as one. It really wasn't. The leave campaign and voters were a broad coalition with many many messages and, as an example, the guy in Stone highstreet who spoke to me about why we should leave peddled none of the lies Prof Dougan refers to.

Overly focusing on the campaign is a mistake in my opinion.

Europhiles like this Prof need to unpick why there was always a vast ocean of Euroscepticism coupled with the other reasons (bitterness at globalisation, increased nationalism etc) that led to people voting leave.

A Prof Keating wrote this week that there is the real prospect of a rise in the far-right here as was the case in the 30s, 70s and 90s - ignoring the deeper long-term origins of the leave voters in favour of assuming they were just suckered by a campaign of lies does nobody any favours IMO.

 

[Sitting Duck]

Sigh.....

I'm trying to stay out of this tbh but.....

Now as for a General Election bollox - Labour were miles off how country voted, well Lib Dem was even worse and SNP were oblivious to 38% of Scotland

So Tories were in fact the party that was in tune with how the UK voted

If they don't get an outright election result they will perhaps seek a coalition government with guess who could be on the cards....

No not Labour, not LibDem or SNP - but others like UKIP

pah you might say, Well the drunk abusive Uncle Nige has just stepped down so UKIP will relaunch without the gobby drunk that gets under everybody's skin

The disgruntled Labour supporters are looking to anybody who might listen to them...

Nah not UKIP they didn't get a seat last time round - well might be that people hesitated any further support when push came to shove and thought ooh Tory for EU referendum instead....

Now we had the EU referendum and a divided country has spoken - Thanks Dodgy Dave but we got our referendum so we can vote for who we like now

Remember the UKIP party got more votes than SNP last time round and came second in a few places so do not think the threat has gone away...

As for people screamin MP's to vote on Article 50 - pahhh ffs

Vote on Article 50 - only if all MP's publish how they vote coz faith in Westminster has never been lower

They can face the wrath if they vote against their own constituents that elected that MP

The crap was thrown on all sides, distorting the truth, subliminal messages, quoting out of date figures - oh the list goes on

For what it is worth I doubt if much will ever change on EU migration, I can see 80-90% of EU migration continuing.

BUT in certain cases or instances the UK reserves the right to say no.

EU Nationals already here must be allowed to stay and any new rules/guidelines will only apply once Article 50 is triggered - AT THE EARLIEST

We may not be able to impose any new rules until we exit EU

BUT UK must honour and respect the EU citizens already here without any question or spite

Politicians might argue we can't agree to that until EU negotiates their conditions....

BOLLOCKS - UK should set an example right now that those people are protected and valued

The people of the UK voiced an opinion that they are not entirely happy with the EU as a whole - NOT EUROPEANS but EU itself

I do not want to see the UK rip itself apart, more divisions, more resentment or even hate starting to surface

I want instead to see an independent UK with common sense still working with a common market of allies working together but not tied together

Sadly with all the crap being spouted the only certainty is uncertainty atm, which is just f*cking everything up even more

The politicians all say one minute - work together, then the next minute they rip each other apart again - ffs

The only hope we got it seems is no hope

It is just like a big game of poker/brag with everybody bluffing and forcing each others hands

Only it isn't a house of cards but UK/EU that could all come crashing down if we don't start sorting it out

Guarantee 101% present EU Nationals - start Article 50 and lets start to sort some stuff out ffs asap

 

[Sacarathe]

MPs voting on art50 would be the same as the 24th, the markets would go up or down, it'd be a very damaging thing. I'm thinking of changing my general election voting area though, as a student it is my right, and as I currently live in the area with the highest leave in the country (albeit a proportionately small area), I don't feel like I could have any effect by voting in a general election here.

 

[jcheeseright]

The referendum was advisory only, if pushed to a vote in parliament our elected representatives (MPs) have a duty to do what is best for the country and not what 52% of the electorate want them to do.

No one has pushed the article 50 button yet because they all think it's a shit idea.

It should never have gone to a referendum in the first place, pure democracy like that is essentially a kangaroo court on a national scale.