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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.

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.

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

How recent are those figures, WOODMOUSE?

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."

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.

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

Have I killed off another thread by asking pertinent questions?

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?

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.

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.”

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 ?

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.

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!

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 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 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 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

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

It would seem that Project Fear has become reality!

gu.com/p/c34gv/sbl

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

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

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

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 .

Davidhs Thu 01-Aug-19 18:45:02

In event of No Deal there will be no border because nobody wants it north or south and NI will be open to the EU.
So any regulation will have to be at Irish Sea ports - to control migration and other imports.

It’s a price that will have to be paid.

GrannyGravy13 Thu 01-Aug-19 18:37:00

Petra thank you, I had read that Macron was not happy, more "gilet jeunes" activity on the horizon (not that they have stopped)

varian Thu 01-Aug-19 18:24:57

We might not get anything from the USA if the Good Friday Agreement is endangerd by brexit.

"We'll block trade deal if Brexit imperils open Irish border, say US politicians"

www.theguardian.com/politics/2019/jul/31/brexit-mess-with-good-friday-and-well-block-uk-trade-deal-us-politicians-warn

petra Thu 01-Aug-19 18:22:46

Granygravy
It's the Mercosur deal. Macron is spitting nails on this.
The Greens in the eu parliament are not best pleased as Brazil has ramped up deforestation in the Amazon forest.
Ireland will not have a veto on this deal.
So much for the eu's green credentials.

Minniemoo Thu 01-Aug-19 18:18:32

Exactly, Davidhs. So there's no need for people to get upset about getting meat from the Americas. Because we'll be getting it no matter what.

Davidhs Thu 01-Aug-19 18:15:55

Yes the EU does deals with all sorts of countries - for limited amounts of all sorts of products including food, it’s done on a reciprocal basis we take a quantity of their Beef in return for for a quantity of our Machinery.
That’s how trade deals work, they are not an open door.