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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.

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.

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.

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.

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 16:05:31

We will. grin

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

correction - 'thrive outside the EU'

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.

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,

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

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

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.

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 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.

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.

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?

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.

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

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

It's very scary.

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

Apologies, should be " all Confidence" above.

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. ?

GrannyGravy13 Tue 30-Jul-19 12:52:37

Flip “kiss” not “kids”!!

GrannyGravy13 Tue 30-Jul-19 12:52:12

Apologies for the kids I have just been on family whatsapp ??

GrannyGravy13 Tue 30-Jul-19 12:51:11

Valid point gillybob there is not an electric van available with the capacity we need or range for our deliveries ?

gillybob Tue 30-Jul-19 12:39:52

There is more than the economy to blame for the reduction in car sales . Especially diesel . With all the threats being banded about no wonder everyone is reluctant to buy a new diesel vehicle . I would like BJ to commission a genuine study on the real effects of diesel versus petrol . Considering electric vehicles are still way off the mark for most drivers no wonder the automotive sector are suffering a huge downturn because people have no idea what to do for the best and are reluctant to invest in a new vehicle that might be taxed off the road sooner rather than later .

varian Tue 30-Jul-19 12:33:17

Why do you say the media are pro-Remain Minnie?

The Express, The Sun, The Daily Mail, The Telegraph are all pro-brexit and together have about 80% of newspaper readership. The pro-Brexit Mail Online is, I believe, the biggest English language news website in the world and as for the Brexit Broadcasting Corporation - they have relentlessly promoted Farage and his lies for twenty years or more.

dragonfly46 Tue 30-Jul-19 12:32:45

Minniemoo not all the media is pro-Remain and if they are it might be for very good reason. Many economists, business men, farmers, fishermen etc are pro-Remain. As we see the pound sinking to equal the euro and the dollar and see the tariffs which are going to be imposed on exports (that is fact btw it is covered by EU law) we cannot keep burying our heads in the sand and blame the media, the Remainers or even the government these are facts and we need to face up to them.

I reckon Sajid Javid cannot sleep at night wondering where all this money is coming from for Boris's elaborate plans.