Has the penny dropped (as fast as the Pound)- Brexit is a disaster

When someone tries to knock someone else down, it is normally because they want to put themselves up.

Are you trying to knock the Uk down[using Brexit] to feel better about your own high cost of living, Fleurpepper?

But why do you keep banging on about it when the deed’s done? It’s so monotonous, I can’t even be bothered to argue. As I said a while ago, a stuck record. You are not going to change things, especially sitting in your nice home in Switzerland. I have a very nice home in the UK, thank you. Stop telling us what a dire state we’re in from the comfort of your chosen abode, we’re not. Find another obsession, I’m sure I’m not the only one who’s totally fed up with this one.

As for shortages of Labour, be they doctors, nurses and care staff, vets, construction and agricultural workers, HGV drivers, Hôtel and restaurant staff, etc, etc- why should they come to the UK now? They have been made to feel very unwelcome, and now their salary are worth so much less due to low Sterling value. Many worked hard to send money back home to help their parents, families, etc, or to save hard to buy a house back home to retire to. there are shortages in all those fields all over the EU too- so it is much simpler to work there, where they are made welcome, and where their salaries are much higher, the exchange rate better, and they can retire earlier.

Katie59

Mamie

It is nowhere near €1.25 Katie59. We lose a couple of cents in transfer, but have had around 1.14 recently, which is the current rate on XE.
We considered our finances in depth before we moved. We took into account fluctuations. The spreadsheets allow us to continually model our finances and make adjustments.
I don't think we considered a situation where a string of ill-considered political decisions would cause a long-term decline in the country's financial position.
As I have said many times, I am far more concerned about the impact of Brexit on the future of our grandchildren than on us.

With commission you are correct, indeed when sterling was at €1.10 you were probably ably getting less than parity. Everything we import or buy overseas is affected, far to little is made of the poor exchange rate, all for the sake of a hopeless dream that turned int a nightmare

Facts, what facts? Katie59 says it clearly. The UK has to import a lot of stuff that can't be produced in the UK, or is no longer produced because of broken supply chains, and lack of workforce. So it has to be bought in. As explained above, many foods, many forms of energy, building materials, supply chain materials of so many types, medicines, essential chemicals, and so much more.

It all has to be paid in Sterling- so if the value of Sterling slumps, it costs a lot more. It is not difficult to understand, surely?

Switzerland is an expensive country to live in, but salaries and pensions are very high. But this it totally irrelevant to this discussion. Why are some of you obsessing about it, I wonder.

Indeed, Callistemon. I would far rather live in the UK with all its alleged faults than in Switzerland. Swiss franc/euro exchange rate hasn’t been too great lately either.

Mamie

It is nowhere near €1.25 Katie59. We lose a couple of cents in transfer, but have had around 1.14 recently, which is the current rate on XE.
We considered our finances in depth before we moved. We took into account fluctuations. The spreadsheets allow us to continually model our finances and make adjustments.
I don't think we considered a situation where a string of ill-considered political decisions would cause a long-term decline in the country's financial position.
As I have said many times, I am far more concerned about the impact of Brexit on the future of our grandchildren than on us.

With commission you are correct, indeed when sterling was at €1.10 you were probably ably getting less than parity. Everything we import or buy overseas is affected, far to little is made of the poor exchange rate, all for the sake of a hopeless dream that turned int a nightmare

Fleurpepper

Same here Mamie- very concerned about mortgage rates, energy prices, the demise of the NHS and inflation, on food, medicines and everything else, for our ACs, but more importanly, on our grandchildren, who will be paying the hightest price for Brexit in years to come.

Fortunately, ours have access to other passports, and will always have two escape routes. Most will not.

Where would your family escape to?

Switzerland? There, the cost of living is third highest in the world. Healthcare is privatised too, I believe.
The UK comes about a third of the way down on the graph, just behind Australia.
worldpopulationreview.com/country-rankings/most-expensive-countries-to-live-in

It would be really interesting to see your statements backed up with facts.

Thank you.

Why not find something else to obsess about?
In other news, I had an email from my energy supplier this morning: my electricity is going down in price.
Take that Mr Putin! Beware Russian bots spreading anti UK doom and gloom.

Norah

Fleurpepper

Same here Mamie- very concerned about mortgage rates, energy prices, the demise of the NHS and inflation, on food, medicines and everything else, for our ACs, but more importanly, on our grandchildren, who will be paying the hightest price for Brexit in years to come.

Fortunately, ours have access to other passports, and will always have two escape routes. Most will not.

What have now reasonable mortgage rates to do with Brexit?

Or energy cost? Or NHS?

It's all linked, believe it or not.

If we buy energy (or food, medicines, chemicals, parts, etc, etc, etc) from abroad, in Sterling, then the low value of Sterling makes everything more expensive. And inflation is happening all over, but in the UK is even higher due to Brexit, and low Sterling values. It is not that complicated to understand.

Obsessed with Brexit? Oh yes, I am- and I can assure you I am not the only one, and for very good (bad) reasons, as it is affecting us all, our ACs, and grandchildren who will pay a very heavy price. Yawning, Aveline, will not change that.

Only months after quitting the EU, we were thrown into the chaos of Covid-19. This plandemic wasn't caused by Brexit. Although, it is a very convenient excuse for remoaners to keep moaning. It's a bit like the gas shortages 'because of the war in Ukraine' when we only get let than 4% of our gas from Russia, but hey, why waste a good excuse!

Germanshepherdsmum

Why does anyone need to escape from the UK? The grass on the other side of the channel is not as green as you would have us believe. And increased mortgage rates, fuel and (most) food prices and the problems with the NHS are nothing to do with Brexit. Why must you continue complaining about this country and blaming all its woes on Brexit? You seem obsessed with it.

Indeed.

Germanshepherdsmum

Why does anyone need to escape from the UK? The grass on the other side of the channel is not as green as you would have us believe. And increased mortgage rates, fuel and (most) food prices and the problems with the NHS are nothing to do with Brexit. Why must you continue complaining about this country and blaming all its woes on Brexit? You seem obsessed with it.

This.

I do think sometimes though, it depends on circumstances.
I always thought it was a good thing to do, what they used to always do in that come to Australia programme. Forget what it was called.

They used to have one side of the paper for a complete list of expenses and income in the Uk.
And compare it with what the income would be like in Australia with that particular job, and just as importantly, what your personal family expenses would be. Which obviously varied family to family.

People are not always comparing like with like.

The grass is greener stuff about the EU appears to be rubbish.

Joseann

Medicines? My friend here, France, told me her DD recently had to drive nearly 60 kilometres to get antibiotics for her little daughter.

Unfortunately the entire planet is still plying catch-up after Covid when it comes to medicines and the packaging it comes in.

We have family in three mainland European Countries and they are telling us pretty much the same.

Medicines? My friend here, France, told me her DD recently had to drive nearly 60 kilometres to get antibiotics for her little daughter.

Fleurpepper

Same here Mamie- very concerned about mortgage rates, energy prices, the demise of the NHS and inflation, on food, medicines and everything else, for our ACs, but more importanly, on our grandchildren, who will be paying the hightest price for Brexit in years to come.

Fortunately, ours have access to other passports, and will always have two escape routes. Most will not.

What have now reasonable mortgage rates to do with Brexit?

Or energy cost? Or NHS?

Oh well, just to lighten today's mood and go irrelevantly and irreverently away from the requested discussion ......
This morning in France I filled up with petrol and drove to the little hut where the cashier takes the money, (why you can't just put your card in at the pump I don't know?) Anyway, cue a jolly five minute conversation, ending in his saying, "thanks for your English pounds sterling, we need it more than you do!"
Eh? Firstly I gulped because I thought he had charged me in £ and I would have been done, and secondly why do they seem to think that Brits are the more wealthy, living the good life?

Phew! My receipt was good!

Why does anyone need to escape from the UK? The grass on the other side of the channel is not as green as you would have us believe. And increased mortgage rates, fuel and (most) food prices and the problems with the NHS are nothing to do with Brexit. Why must you continue complaining about this country and blaming all its woes on Brexit? You seem obsessed with it.

🥱

Same here Mamie- very concerned about mortgage rates, energy prices, the demise of the NHS and inflation, on food, medicines and everything else, for our ACs, but more importanly, on our grandchildren, who will be paying the hightest price for Brexit in years to come.

Fortunately, ours have access to other passports, and will always have two escape routes. Most will not.

Katie59

The spreadsheets show the picture of decline in the pound against the euro since Brexit very clearly.

Yes if sterling is converted to Euros there was a 30% fall due to Brexit, from around €1.40 to 1.10, it’s now recovered nearly half that at around €1.25. Nothing you can do about the state pension, if you are living overseas you are probably not on the breadline anyway.

When did the breadline become criteria for feeling robbed by low Sterling rate? My quite wealthy brother is not thrilled to his 'Social Security' (USA oap pension $3600/mo) arrive at a low amount.

Never mind the exchange rate on those who have chosen, for one reason or another, to go and live abroad.

The fall in Sterling affects much more important things, like food, energy, essential chemicals (for water treatment for instance) medicines, and so much more, like paying for debts, including massive Government debts, aka our own in so many ways.

GrannyGravy13

Whitewavemark2 Mr.Cameron obviously didn’t have a Plan B…

None of them did. Certainly not the brexiters.

Whitewavemark2 Mr.Cameron obviously didn’t have a Plan B…