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The economy.

(270 Posts)
Whitewavemark2 Tue 30-Jul-19 07:59:49

This morning at Gatwick.

The pound is at parity with the dollar. This has NEVER happened in its history.

The pound is worth now about 87p against the euro.

The implication for the economy is dire.

Davidhs Thu 01-Aug-19 18:56:07

The Mercosur Deal is free trade in many areas but limited quantities of Sugar, Chicken and Beef typically this type of import is manufacturing or catering grade. If the greens don’t like it they should look at where much of Soya is grown in South America .

Nonnie Fri 02-Aug-19 10:52:10

Apparently Sky News have a copy of this government document: twitter.com/SamCoatesSky/status/1156991716441907200

Nonnie Fri 02-Aug-19 10:53:33

Conservative majority down to 1! B & R election was a 2 horse race between LD and cons, all others polled very low. And so it continues

dragonfly46 Fri 02-Aug-19 11:13:53

It would seem that Project Fear has become reality!

gu.com/p/c34gv/sbl

varian Fri 02-Aug-19 11:19:07

Here is a simple explanation of why it makes no economic sense for the UK to leave the EU.

twitter.com/JustSayNope/status/1156646744165404675?s=09

Nonnie Fri 02-Aug-19 11:58:39

dragonfly Project fear was a term introduced by those who had no answer to the views of the experts. They have pointed out every time an expert opinion has not been proven but failed to note every time they have been right. I wouldn't let my hairdresser operate on me or my doctor cut my hair. I respect experts' knowledge.

Remainer is now a term or abuse. It was used on here to discredit Mark Carney's opinion. To me it is blindingly obvious that if an expert has a different opinion to someone who is not an expert they are probably right. Many experts who are remainers have seen the evidence and decided that is the best course for the UK.

varian Fri 02-Aug-19 12:17:54

Civil servants like those in the Treasury who produce economic analyses and forecasts or diplomats like Sir Kim Darroch who told the truth about Trump, are often accused of being Remainers, especially by certain newspapers.

Nonnie Fri 02-Aug-19 12:38:43

varian it should be a compliment! It shows they have looked at the unbiased information and concluded what is best for the UK

varian Fri 02-Aug-19 13:09:20

The leavers think that anyone who studies the evidence and concludes the we should remain in the EU only came to that conclusion because they were Remainers to start with!

dragonfly46 Fri 02-Aug-19 13:15:34

Nonnie you are preaching to the converted.

The post of posting the article is that the predictions which the Brexiteers did not accept were called Project Fear. It would seem that all those predictions have come to pass.
Unfortunately I do not believe they will read it as they are fixed in their ways.

If they could put forward a valid argument as to why we should come out of the EU instead of waffling and saying it will all be wonderful eventually or saying we will regain our Sovereignty I maybe could be persuaded but not one of them can substantiate their claims that it is good for Britain.

petra Fri 02-Aug-19 13:41:47

I'm assuming that Gerard Lyons who is odds on to be the next BOE Governor isn't going down too well with remainers.
He voted to leave.
Is he classed as an expert ? probably not: he voted the wrong way ?

Greta Fri 02-Aug-19 15:40:30

Gerard Lyons changed his mind then. We would probably all agree that in a democracy he has every right to do so.

This from a few years ago (before the referendum):

"He wishes we would focus on changing the EU rather than engage in a simple, black-and-white argument: “Too often, it’s looked at in terms of in or out. We should push for reform, for changing the processes, for changing the economic model. It should be about trying to reposition Europe, about increasing our prospects.”

Whitewavemark2 Fri 02-Aug-19 15:40:37

petra bit of an odd thing to say.

Carne is an economist. As head of the BoE he represents not just himself, but a team of people who on a regular basis meet and look at the U.K. economy, and how to manage it.

The team of people agree a way forward as well as what is likely to result as a result of the up and coming economic environment.

They were instrumental in supporting the economy after the referendum by the monetary economic committee lowering the interest rates and expanding QE. That is why the economy was kept on a reasonable footing and why leavers were so mistaken to be cock-a-hoop.

Any head f the BoE will act in exactly the same way and give exactly the same reports to the government, regardless of his voting intentions.

We should expect nothing less.

Nonnie Sat 03-Aug-19 11:01:11

Dragon didn't mean to 'preach', just to confirm grin. You may as well give up asking them why they want to leave as, if you actually do get a response it will be sound bites and not facts.

petra please give a link to the evidence of what GL thinks. You ignore me every time I ask you a question so I am not expecting an answer but, if that is his opinion does he have all the information MC has on which to judge?

Nonnie Tue 06-Aug-19 10:47:07

Have I killed off another thread by asking pertinent questions?

Nonnie Tue 06-Aug-19 10:58:46

On Twitter this morning:

Under a no-deal Brexit, the UK would default onto WTO rules.

Product tariffs UK-EU (exports):

WTO:
Dairy produce 40%
Tobacco 39.5%
Meat 32.3%
Sugar 30.2%
Vegetables 15.1%
Vehicles 10%

EU:
Dairy produce 0%
Tobacco 0%
Meat 0%
Sugar 0%
Vegetables 0%
Vehicles 0%

Spot the problem.

WOODMOUSE49 Tue 06-Aug-19 11:02:35

varian

You don't live in Cornwall then when you talk about farmers.

"Farmers Weekly found 58% of British farmers favoured Brexit. In addition, the Country Land and Business Association found that rural areas voted Leave more heavily than the national average."

MaizieD Tue 06-Aug-19 11:10:56

How recent are those figures, WOODMOUSE?

WOODMOUSE49 Tue 06-Aug-19 11:33:38

varian

Hope you've read my previous comment.

In your opinion: I have never met a stupid farmer and I have never met a farmer who voted leave.

Considering the average farmer works 65 hours a week to earn a living, I do not appreciate you inferring that 58% of farmers are stupid.

While I'm on the subject of farming. I live in Cornwall and am fully aware of how much the county gets from EU (billions), so please, no comments back to me about subsidies etc. Newlyn Fish Market Harbour was built with EU funding but farming has not received any EU money, Despite all the funding, 56.5% of Cornish voters voted leave.

EllanVannin Tue 06-Aug-19 11:40:55

No Sensible person would have voted Leave IMHO.

The EU and UK are One and should stay that way !

WOODMOUSE49 Tue 06-Aug-19 11:48:54

MaizeD

2016 at the time of the referendum. I should think the % surprises some knowing that Cornish farmers and fishermen benefit from the Common Agricultural Policy and Common Fisheries Policy.

AWAY FROM FARMING:
Aside - Cornwall Live have reported that "Leave voters were more likely to say they would not vote in the same way now, with one in 15 Leave voters saying they'd act differently (7%) compared to one in 28 Remain voters (4%)."

MaizieD Tue 06-Aug-19 11:56:25

Thanks, WM

2016 is 3 years and a lot of additional information ago. It would be interesting to know a more up to date figure.

varian Tue 06-Aug-19 12:03:28

WOODMOUSE I do not imply that 58% of farmers are stupid, just that I have never met a stupid farmer and as it happens, all the farmers who have told me how they voted, voted Remain. The figure of 58% farmers supporting brexit cam from a small self-selected sample in Farmer's Weekly, so may not be that accurate.

I am amazed that you claim "farming has not received any EU money," Try checking the facts-

"Finding European labour may be the most pressing concern for British farming, but it is not the only one. In 2015 UK farmers received almost €3.1bn in direct EU funding – according to the NFU – which they have asked the Treasury to ringfence. The yield from the Brexit harvest do not look to good for British farmers so far."

infacts.org/farmers-reap-harvest-voting-brexit/

WOODMOUSE49 Tue 06-Aug-19 12:36:40

varian. As expected, you veer from my comment. Please read it again.

I was talking about Cornish farmers not the whole of the UK. . Your quote is about farmers in UK. Please stick to what my comment was about. Cornwall has not received any direct money from the EU for farming.

All surveys are selective. The whole farming community in Cornwall can't be questioned. Fisheries and Farming are our biggest industries in Cornwall. Enough were surveyed to give as an accurate figure as possible.

Finding labour was, is and always will be a concern to Cornish Farmers. However, even though there was a shortage in 2016 this didn't affect the vote from the majority of farmers.

The way you worded your sentence was to imply that. I have never met a stupid farmer and I have never met a farmer who voted leave.

Perhaps you've looked at my last comment. Cornwall has some leavers and remainers changing their minds. Even though there are more of the former, it wouldn't make any difference to a new vote.

You might be interested to know how Cornwall has spent its EU money.
www.cornwalllive.com/news/cornwall-news/more-leavers-remainers-cornwall-changed-1485113

varian Tue 06-Aug-19 13:39:29

WOODMOUSE If I were to say "I have never met a stupid professor and all the professors I've met voted Remain" it would not follow that I was implying that all the professors who voted Leave are stupid. Simple logic - no such implication.

Your link is interesting, showing more Cornish Leave voters than Remain voters changing their minds. I suspect this may be particularly true in the fishing community who have now woken up to the fact that they were badly let down by the UK's representative on the EU Fishing Committee, Nigel Farage, who only attended one meeting out of a possible 42, and by the UK Government who allowed Fishing Quotas to be sold abroad, which other EU countries did not permit.

In 2014,Jonathan Lindsell, author of a report on industries benefit from the EU, told the Western Morning News:

“Cornwall is a major beneficiary of EU spending so if Britain were to leave then the Treasury would have to take great care in ensuring its local economy was not crippled as a result. Not only do Cornwall’s many farmers and fishermen benefit from the Common Agricultural Policy and Common Fisheries Policy respectively, but the county receives tens of millions of pounds a year in structural and convergence funds to support local economic growth and communities."

www.independent.co.uk/news/uk/home-news/brexit-cornwall-issues-plea-for-funding-protection-after-county-overwhelmingly-votes-in-favour-of-a7101311.html