OT. The futures Bright, the Futures Brexit!!!

[ramAnag]

Are you referring to the pro EU articles he appears to have written just days before the Brexit campaign started Swale? The man is a total menace, a 'clever' buffoon, and the dangers he presents in the role of Foreign Secretary really are totally terrifying.
I'm honestly not trying to score points, just getting people to look at the whole picture before it's too late.
Look at the three most notable Brexit figures and what they've shown themselves to be since. Gove...run off into hiding with his tail between his legs since stabbing his alleged friend and colleague in the back...Johnson...unfortunately recovered from Gove's attack to take up a prominent position but now exposed as a Machiavellian liar...Farage...been enlisted by the worst US Presidential candidate of all time to try and add credibility to Trump's depraved campaign. (No, I can't stand Hillary either.)
In the meantime we hear time and time again that 'nobody really knew what Brexit involved' - so htf did we manage a vote on it? - already the pound has fallen dramatically while the cost of essentials goes up and people have less disposable income which means that less revenue is collected via VAT which equals a crisis in the making
Understand some of the concerns expressed via the protest vote on June 23rd but surely we must now recognise that Brexit is not the way and that those who led the campaign have subsequently been seriously discredited.

[Andy_Faber]

Are you referring to the pro EU articles he appears to have written just days before the Brexit campaign started Swale? The man is a total menace, a 'clever' buffoon, and the dangers he presents in the role of Foreign Secretary really are totally terrifying.
I'm honestly not trying to score points, just getting people to look at the whole picture before it's too late.
Look at the three most notable Brexit figures and what they've shown themselves to be since. Gove...run off into hiding with his tail between his legs since stabbing his alleged friend and colleague in the back...Johnson...unfortunately recovered from Gove's attack to take up a prominent position but now exposed as a Machiavellian liar...Farage...been enlisted by the worst US Presidential candidate of all time to try and add credibility to Trump's depraved campaign. (No, I can't stand Hillary either.)
In the meantime we hear time and time again that 'nobody really knew what Brexit involved' - so htf did we manage a vote on it? - already the pound has fallen dramatically while the cost of essentials goes up and people have less disposable income which means that less revenue is collected via VAT which equals a crisis in the making
Understand some of the concerns expressed via the protest vote on June 23rd but surely we must now recognise that Brexit is not the way and that those who led the campaign have subsequently been seriously discredited.

I think your'e suffering from a touch of Remaineritist there, none of your soothesaying actually exists (yet) other than by anecdote. As for the 'discredited leavers', you're probably right with Johnson and Gove, but all credit to Farage who took on a challenge and saw it through, which I doff my cap to even if I might not agree with his mission or methods (or have a cap). Nigel Farage, the Tony Pulis of Brexit.....

[ramAnag]

Soothe saying? So the £ hasn't fallen by around 20% and all imported goods...including food and fuel haven't started to rise?
You 'doff your cap' to a man who has proclaimed support for the oafish bully Trump? I'm genuinely shocked Andy. If people can't see Farage for the immoral opportunist he is after that then they'll never get it.
Respect your opinions and I know I got the maths wrong maths wrong last week but I think you're mistaken on this one.

[Andy_Faber]

Soothe saying? So the £ hasn't fallen by around 20% and all imported goods...including food and fuel haven't started to rise?
You 'doff your cap' to a man who has proclaimed support for the oafish bully Trump? I'm genuinely shocked Andy. If people can't see Farage for the immoral opportunist he is after that then they'll never get it.
Respect your opinions and I know I got the maths wrong maths wrong last week but I think you're mistaken on this one.

Of course I've seen the pound fall, no I haven't seen the impact on food or fuel yet (the fuel increase SO FAR this autumn is market price driven), please name a commodity where the you KNOW the price has gone up due to the exchange rate

Don't forget amongst all this we are supposed to be keeping our senses of humour intact, and the cap doffing was part of that. I don't like Farage's support for Trump, I'm not saying I agree with his tactics at all, just pointing out that of the three you mentioned, he at least stuck to his guns (blunderbus in his case) in pursuit of a deeply held belief. Contrast that with Johnson who I genuinely believe only chose to support Vote Leave for his own ends.

[Manofpride]

We have to give it time and the changes ahead will come good, Rome wasn't built in a day!!! I think if we had given Pearson more time he would have come good too... all comes to he who waits.

[Andy_Faber]

Sorry I just thought of one. Euro cash. I need a lot of them this week and they will cost me a lot more than last week.

[ramAnag]

Any foreign cash actually Andy...so holidays for one...any imports, including petrol which is priced in dollars and is already up by 3-4p per litre and although people haven't really started to buy it yet, or are still governed by existing contracts, LPG or domestic heating oil which inevitably follows the same direction as petrol.
Many respectable sources, including Mark Carney and the FT have predicted the cost of all imported food will rise and so it goes on.
All in favour of having a laugh Andy but somethings...Johnson as Foreign Secretary and Farage going out of his way to support a racist, mysogynistic thug in his campaign to be 'leader of the free world' are too embarrassing and terrifying to be funny imo.

[Ram59]

The fall in the value of the pound is good for some and bad for others. Yes we'll all pay more for anything imported, but where there is a British alternative, we should buy that. Our tourist industry will benefit and all of our exporters. Foreign companies considering moving from the UK or not coming to the UK will now take into consideration the lower labour costs. Germany benefits from a low value Euro compared to a high value mark, if they'd kept it.

It's difficult to know whether we will all benefit or suffer in the long run.

[roger_ramjet]

Soothe saying? So the £ hasn't fallen by around 20% and all imported goods...including food and fuel haven't started to rise?
You 'doff your cap' to a man who has proclaimed support for the oafish bully Trump? I'm genuinely shocked Andy. If people can't see Farage for the immoral opportunist he is after that then they'll never get it.
Respect your opinions and I know I got the maths wrong maths wrong last week but I think you're mistaken on this one.

Actually I think you've gone and got the maths wrong again Mangara with your 20%. My Forex weekly advisory email refers to it decreasing in value by 15% in the 4 months since Brexit!! On the other hand my 15% may be against a basket of currencies and you may be cherry picking the greatest fall with your 20%.

As for Andy's question for examples about what imports are going up, one answer is bananas in Lidl! In practice you will never know cause and effect on simple things like foodstuffs, although the supermarkets may well use the exchange rate as an excuse to put up prices. In any import/export organisation there have probably been currency hedging operations in place for a considerable time before Brexit, and the true impact of the decline in sterling on consumer prices may well take a time to filter through. Fuel is a bad example as the price in dollars is volatile, regardless of the currency volatility against the dollar value, so you will never know.

The most obvious place to see the impact is in the price of holidays or air travel. Currency rate fluctuations are critical parameters which affect airline operational cost, since they can affect both the financial bottom line, yield calculations and pricing benchmarks. However as its not "holiday buying season" just yet we wont really see the impact on that until the typical immediate post Christmas rush of package selling.

We may be in a "phoney war" situation at the moment as we wait for the tsunami to hit the shores, whilst being able to see it in the distance, but it will eventually begin to seep through into our pricing since we are so reliant on imports. The stocks of non wasting product bought at lower forex rates (eg cars etc) will eventually be sold and then the bite will come. So wait for stocks to run out and hedging to run its course, then you will see the inflationary impact of the weakening pound. No doubt it will happen and I expect the CPI inflation level to rise after Christmas. It already has in respect of the cost of imported raw materials to industry as order books are refreshed.

Still as long as you avoid imported goods (or product that contains imported goods) then all will be well. Avoid buying holidays, cars, electronic goods, your power from the likes of EDF, and much of the contents of your supermarket and all is good. Grow your own food and buy British will help, although there are still imported costs in food concentrates, herbicides, fuel, transport.... OH I give up - just be prepared to spend 5% more!

One thing the Brexiteers can rejoice in though - with the pound weakening then the eastern European labour force can send less money home in their native currency, so they may **** off home!

[DCFCArmy]

Trump winning is all we need now, get these politically correct do gooders out of our bloody way. We might be able to freely talk again, no more of this pathetic "***ist" crap.

[ramAnag]

The fall in the value of the pound is good for some and bad for others. Yes we'll all pay more for anything imported, but where there is a British alternative, we should buy that. Our tourist industry will benefit and all of our exporters. Foreign companies considering moving from the UK or not coming to the UK will now take into consideration the lower labour costs. Germany benefits from a low value Euro compared to a high value mark, if they'd kept it.

It's difficult to know whether we will all benefit or suffer in the long run.

But unfortunately Ram59, being a far from self sufficient Island nation, we import rather a lot. I agree there will be winners and losers but, again unfortunately, we appear to have voted for considerably more British losers than winners. You can ask anyone who has taken a holiday or filled their car with fuel recently. Would love them to be wrong but most of the experts are suggesting that this will have extended to domestic fuel (for those using LPG and Oil at least) and many items of food by Christmas. Shrewd move eh...a case of chucking the baby out with the bathwater yet again imo.

[Andy_Faber]

Trump winning is all we need now, get these politically correct do gooders out of our bloody way. We might be able to freely talk again, no more of this pathetic "***ist" crap.

I think one thing that Brexit and the Trump phenomenon has done has given a voice back to 'the people' who are sick of being told what to do by an elite.

Edit: Although I defo DON'T want Trump's finger on the nuclear button. Way too easily would up, there are just too many countries out there that might piss him off.....

Edit 2 Well put there RR

[AdiSalisbury]

Just to cherry pick some information, the FTSE 250 is today at 17,816.87, compared to today 2015 when it was 16,917.34 (source google finance), so during what is undoubtedly an uncertain period (you won't find many Brexiters that didn't expect short term uncertainty), the economy is looking pretty stable, strong, and growing.

That of course doesn't prove anything, but it's easy to panic in the shorty term, and the gloom merchants (not aimed at anyone in this thread) will grasp hold of anything that gives them a "told you so, its all your fault, we're doomed" sense of achievement.

[swaledale]

I think one thing that Brexit and the Trump phenomenon has done has given a voice back to 'the people' who are sick of being told what to do by an elite.

Edit: Although I defo DON'T want Trump's finger on the nuclear button. Way too easily would up, there are just too many countries out there that might piss him off.....

Edit 2 Well put there RR

Who are these people? Presumably the same ones who don't like getting of their fat arses and doing anything towards actually running things? Of curse they are going to get told what to do, they haven't a ****ing clue themselves!!

The people who think being derogatory about persons race, faith, skin colour or is OK? Of course you can say what you think, its just that one would hope people's thoughts would be a little more enlightened these days!

The same people who will see their standard of living drop in further, who will be hit hardest by the price rises and job losses that will come! meanwhile the elite who apprently the people ahve given a bloody nose to will carry on much as before...oh the irony!

Plus if anyone who thinks Farage, Johnson or Trump and their ilk give **** about those who vote for them then take a closer look at them, their lives and peel the scales from your eyes, they are using the frustration and desperation of people who feel they have not benefited economically to further their own political agendas, which don't match the people who support them!

They give simple catchy sounding answers to complex problems which people fall for, but which in reality they will never deliver.

[Andy_Faber]

Who are these people? Presumably the same ones who don't like getting of their fat arses and doing anything towards actually running things? Of curse they are going to get told what to do, they haven't a ****ing clue themselves!

No, the ones I know are all in work, some in leadership positions, some not. And I would be careful using the phrase 'fat arses' because some of the people I'm talking about are women and I wouldn't want you to be called out for body shaming......