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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.

GrannyGravy13 Wed 31-Jul-19 09:32:32

When you have worked all your life, raised a family and help with Grandchildren so that your AC can work, and the inevitable school holiday cover.

When we do get time to ourselves, yes I am flipping selfish, never in my life have I been able to do what I want when I want so when that very rare occasion presents itself I grab it with both hands!!!!

growstuff Wed 31-Jul-19 09:20:54

No idea which generation you are, dragonfly, but I would say many of my peers are incredibly selfish and act/think only in their best interests.

Whitewavemark2 Wed 31-Jul-19 09:16:32

Please don’t include my children in that dragonfly

They have/are both incredibly hard workers and have never felt entitled to anything in their lives.
Everything they have achieved has been entirely through their own efforts unlike so many “entitled” children of the wealthy.

They are not the exception.

But go ahead and generalise why don’t you?

dragonfly46 Wed 31-Jul-19 09:10:27

About what growstuff?
I believe a lot of young people feel entitled which is something I would say our generation never felt.

They are entitled to have children and the state support them.
They are entitled to a car, buy their own home etc.
They are probably the ones who will get their old age care paid for unlike my parents who had to sell their home but just accepted it.

growstuff Wed 31-Jul-19 08:59:17

I disagree with you, dragonfly.

dragonfly46 Wed 31-Jul-19 08:57:39

Actually I believe the 'me generation' are the under seventies - particularly a lot of young people.

Urmstongran Wed 31-Jul-19 08:41:43

It was because this had been posted upthread Grandad:

^Glammy57 Tue 30-Jul-19 18:23:56
Momof3. Thank for your reply to UG I totally agree - the “Me Generation” seems to be those over the age of seventy!^

Nonsense!

dragonfly46 Wed 31-Jul-19 08:39:33

You are lucky Urmston that you can manage but there are many who can’t especially expats who are living in Europe and living off a British pension.

I too will probably not be too affected by Brexit but I look at the bigger picture.

Grandad1943 Wed 31-Jul-19 08:34:25

Urmstongran Quote [I am ‘only’ 64y.] End Quote.

SO?

Urmstongran Wed 31-Jul-19 08:33:19

No jura2 we don’t live in Malaga but we do choose to spend a lot of time out here.

We did our homework 15y ago when we bought and decided that going forward to early retirement it would be prudent not to count our chickens regarding the exchange rate.

We decided to factor in that sterling against the euro can (and does) go up as well as down so we did our sums on the back of an envelope and worked out that we would could manage if £1 fetched €1.

Just being sensible.
?

Urmstongran Wed 31-Jul-19 08:25:48

I am ‘only’ 64y.
?

varian Wed 31-Jul-19 08:11:40

No patriot would ever knowingly inflict harm on our country.

At the time of the fraudulent referendum, people may have voted Leave in good faith, thinking it would benefit the country because that was what they'd been told by the leave liars, but now they know so much more about the damage brexit would do to our country, many realise that no true patriot could support it.

If we love our country, we will fight for the UK to Remain in the EU. We will not bury our heads in the sand or say " everything will be fine if we're optimistic, ignoring the reality.

We will speak up for the truth, pointing out the risks to our childrens future if the brexit madness is not stopped. That is the patriotic thing to do.

Grandad1943 Wed 31-Jul-19 07:56:17

The last refuge of the leavers. Demand patriotism. Do not talk our country down whatever the problems our leave voting has caused.

Well, it would seem that the international currency dealers have lost confidence in Britains economy due to Brexit. So, perhaps the leavers should ask them to "be patriotic" and not to act against our currency or country.

I feel the response of those dealers will be somewhat short in patriotism.

Peonyrose Wed 31-Jul-19 07:17:41

Sorry for the typing gremlin, hope you got the gist.

Peonyrose Wed 31-Jul-19 07:16:34

Why are you all looking to Europe? All this doom mongering is depressing, deal with what you have. The decision has been made. Instead of all this talking our country down, support it. There is the USA, Trump won't be forever, as won't Boris, there is Asia a vast opportunity, we will cast our nets further as our world gets smaller.
I wouldn't worry about Scotland. They have a lot of people in just a small area,mif they want to go itcalobe and take on Social care etc. Good luck to them, I hope they don't as I have aways loved them. One thing for sure, you can't depend on a referendum, as people want constant recounts until everyone is bored silly with the whole performance.

paddyann Wed 31-Jul-19 00:13:33

you'll drop back once Scotland leaves ,Hammond says you wont be able to pay the debts racked up by the tories ..the 800 million they inherited that s sitting nigh on a trillion now .They depend on the Scottish economy to pay the bills .Nice to hear ONE tory admit it ..at long last

Dinahmo Tue 30-Jul-19 22:54:59

Day6 I live in France and none of the French people that I know envy us. They believe that the EU is about more than just trade. They are horrified at what is happening to the UK and don't really understand why. They are also sympathetic.

Someone mentioned that we have the 5th largest economy but we've been 6th since last year. I wouldn't be surprised if we drop to 7th after Brexit.

petra Tue 30-Jul-19 22:13:07

From the Taipei Times.
For the eurozone, the French figures might be just one disappointment in a gloomy week.
Data released today are expected to show growth in the region slowed by half to 0.2 per cent.

jura2 Tue 30-Jul-19 21:13:15

'The exchange rate here on the Costa del Sol is still at €1.10'

do you live there Urmstongran?

It keeps falling, btw.

Grandad1943 Tue 30-Jul-19 20:54:37

I am sure that many will remember David Davis the first Brexit secretary stating on the day that article fifty was signed, "these will be the easiest negotiations ever concluded."

The European Union would fall over backwards to give Britain anything it wanted according to the leavers. They needed us more than we need them, it was being said.

It turned out that this shambles of a government did not even understand the treaties that formed the basis of the European Union and to which Britain had freely signed up to.

Therefore we have spent three years demanding leave terms from the EU that they are unable to grant due to the rules that the United Kingdom played a large part in formulating with the other twenty-seven nations.

What a joke.

growstuff Tue 30-Jul-19 20:52:26

Open Europe is a euro-sceptic think tank.

petra Tue 30-Jul-19 20:43:40

Open Europes Pieter Clepp talking to Al Jazeera claimed that the eu could 'dump Dublin' also, that the people of the republic are turning against Varadker.

crystaltipps Tue 30-Jul-19 20:31:31

I think small farmers were persuaded by the leave propaganda that we wouldn’t be leaving without a great deal. Now it appears that was lies. No wonder they are up in arms.

petra Tue 30-Jul-19 20:22:41

momof3
You mentioned the subsidies (CAP) that our farmers receive.
Would it surprise you to know that the farmers voted to leave.
More or less the same result 53% to leave.https://www.fwi.co.uk/news/farmer-support-brexit-strong-ever-fw-poll-reveals

GrannyGravy13 Tue 30-Jul-19 20:13:23

There is a very old saying “ Fail to prepare- Prepare to Fail”

Better to be pro-active and actually do something, surely?