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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.

Grandad1943 Tue 30-Jul-19 13:04:49

Less than a week since Johnson took up the office of Prime Minister and the wheels are rapidly falling off the Boris bandwagon as the international financial markets lose all in the British administration.

I thought that was only going to happen if a Labour government came to power, or so we had all been told. ?

Grandad1943 Tue 30-Jul-19 13:06:14

Apologies, should be " all Confidence" above.

Lessismore Tue 30-Jul-19 13:35:35

It's very scary.

Nonnie Tue 30-Jul-19 13:38:36

mini you misunderstand, my information does not come from the media I monitor the exchange rate so my information is factual. The tariff figures are also factual

Nonnie Tue 30-Jul-19 13:43:23

gilly yes, less cars are being sold by why are the plants moving out of the UK? Surely we have the same issues to face as the rest of the world and could make the cars just as easily as others? I can understand any business which worries about the future making a decision to manufacture elsewhere when the UK faces so much uncertainty. Some decisions cannot be left to 'wait and see what happens' some need to be made now.

GillT57 Tue 30-Jul-19 13:53:33

^Ug: "Time to buckle up! The next few weeks are going to be pretty stormy."^

But I thought it was all going to be alright? You told us it was going to be worth it.

Just bought some Euros, the rate was 1.03, it must be awful at Gatwick as it was sub 1 there a month or so ago when the High Street rate was 1.11.

I cannot express, politely, just how angry I am with those of you who have landed me and my family in this bloody unnecessary mess. Yes, I will manage, I will not lose my home or starve, but why on earth should I be grateful for this? All done for no purpose, no benefit, based on mendacious lies and fantasy which you fell for and are now trying to convince yoursleves it is still going to be great. One last attempt at asking the $64,000 question; what one thing will be better when we leave the EU?

Lessismore Tue 30-Jul-19 14:15:03

We can take back control Gill, ( keep up)

Oh no, we appear to have lost control. At least those pesky foreign workers will be kept out.

Lessismore Tue 30-Jul-19 14:18:17

GG, you speak sense. The EU had in some respects spiralled out of control. If we had been given the opportunity to make an informed choice in a calm and measured way, things would have been different.

The way it was done by the whistling egotist Cameron was a disgrace. I sincerely believe they had " forgotten" about Ireland.

Nonnie Tue 30-Jul-19 15:36:51

Lessismore The EU is far from perfect but what system isn't? I think a lot of people found fault with the EU and that was the reason they chose to vote to leave. Had they known the disadvantages of leaving they might well have realised that it is better to be part of an imperfect EU, with the power to make changes, than to try to go it alone.

Within the last half hour I have read that a Canadian MP has said they don't want to start working on a deal with the UK because, if we leave without a deal we will be so desperate that they will be able to get a better deal for them. I have long thought that would be the case, other countries will hold all the cards when we beg them for trade deals.

I have also read that Sadiq Khan wants the power to allow immigration into London to fill the shortages with no reference to the proposed £30,000 salary threshold.

Those who voted to stop immigration won't get their wish and those who voted for 'the easiest deal in history' will also be very disappointed.

Lessismore Tue 30-Jul-19 15:41:50

I think a lot of people were whipped up by NF and his propaganda.

Oh the irony, lots of white people have left and the door is open to others from further afield.

Still, we will take back control, whatever the hell that means.

gillybob Tue 30-Jul-19 15:46:49

Instead of encouraging more and more people into London they should be pushing businesses out .

Barmeyoldbat Tue 30-Jul-19 15:59:49

There will be more doom and gloom to come, this only the start and the Leavers, bless their little hearts, will blame everyone and everything but themselves. They just didn't do their homework before they voted.

Also went to buy something online that was $ and the rate was 0.86,

Day6 Tue 30-Jul-19 16:04:36

Just a little paragraph will do. Just describe what will happen in November - shouldn’t be too difficult

Here we go again.

Because Remainers are fearful we will fall into an abyss, they challenge anyone with faith that the UK will not only survive outside the UK but thrive, to get out the crystal balls they so like using to tell of of a future that is dire, horrendous, awful.

I think most rational people know there will be a period of adjustment, for the economy and our finances, but for 99.9% of the population, the 1st November will be just another day.

In my head I see Remainers painting pictures of the sun going out and the world being plunged into darkness. grin

Remain = Melodrama Central.

Day6 Tue 30-Jul-19 16:05:12

correction - 'thrive outside the EU'

Day6 Tue 30-Jul-19 16:05:31

We will. grin

EllanVannin Tue 30-Jul-19 16:09:16

Urmstongran, of course the people of Guernsey are happy, elated in fact that there are only in the region of 166,000 living on the island-----I'd be happy to join them ! Lovely place.

Day6 Tue 30-Jul-19 16:11:18

Still, we will take back control, whatever the hell that means

Well, for taxpayers, as most of us are, it will mean that we stop sending billions and billions of our pounds to prop up this crumbling, dictatorial institution,

£350 million a week more will be in UK coffers. Billions and billions of pounds every year will stay in the UK.

And we won't have to wait for the EU bods to send us a bit back, and determine how it should be spent.

Whitewavemark2 Tue 30-Jul-19 16:13:58

day6 you haven’t a clue have you? You are simply winging it.

Well, most people including many who voted to leave as well as the markets understand the implication of a no deal Brexit, and don’t like what they see.

Whitewavemark2 Tue 30-Jul-19 16:16:43

I see Johnson is trying to put the blame for no deal onto the EU.

It won’t wash, Brexit is owned by the Brexiters and those who voted for the carnage to come.

dragonfly46 Tue 30-Jul-19 16:20:57

Day6 this is why I am so upset with Brexiteers - they do not get their facts straight. We do not pay the EU 350 million a week.

If you want to know the full facts read the following article - but I expect you won't as like most Brexiteers your are burying your head in the sand.

fullfact.org/europe/our-eu-membership-fee-55-million/

gillybob Tue 30-Jul-19 16:23:23

My only hope is that most of the rest of the EU need our trade as much as we need theirs . I know he is playing with fire by making no deal threats but it might just be the push they need to look at it again?

To be honest I wish I could do a Bobby Ewing , go in the shower and find out it was all a bad dream and that the majority had voted Remain.

dragonfly46 Tue 30-Jul-19 16:34:23

Unfortunately Gillybob Boris is indeed playing with fire and what he and a lot of Brexiteers do not realise is that there is not a lot of room for negotiation as the EU is bound by rules which cannot be changed to suit us. It is indeed a bad dream!

MaizieD Tue 30-Jul-19 16:41:48

Oh come on, dragonfly, Boris Johnson said it* and it was on the side of a bus. It must be true.

*and was pulled up by the National Statistic Authority

www.statisticsauthority.gov.uk/wp-content/uploads/2016/04/Letter-from-Sir-Andrew-Dilnot-to-Norman-Lamb-MP-210416.pdf

We have never, ever paid £350 million to the EU. This was the gross figure for a particular year. Once the rebate was taken off it fell to £250 million p.w. The £100 million rebate did not leave the UK, it was sent nowhere.

Pointed out many times over the last three years but acknowledging facts is not some peoples' strong point.

Lessismore Tue 30-Jul-19 16:44:08

Sorry but what does Europe need from the UK by way of trade?

gillybob Tue 30-Jul-19 16:49:30

Probably not a lot Lessismore but they DO need us to buy from them which is why I hope BJ can negotiate a fairer kind of deal .