Brexit Thread

**Sarmatian** · 10-17-2016, 13:22

Originally Posted by Pannonian

One of liberalism's ideals is self determination, something that English culture also strongly believes in, although in that case it's known as minding one's own business. I've spent some time in Holland, and I enjoy the place, but I wouldn't dream of telling them what's right for them. Their affairs are their own business, not mine.

That's a healthy attitude in life, I agree, but if all did so, there would no point in this board. It would be a very boring Ukraine thread if only Gilrandir is allowed to post there.

**Pannonian** · 10-17-2016, 13:34

Originally Posted by Sarmatian

That's a healthy attitude in life, I agree, but if all did so, there would no point in this board. It would be a very boring Ukraine thread if only Gilrandir is allowed to post there.

Then there's some place for outsiders to have their say as well. But AFAICS Frag is the most frequent commenter on how things will be better for the UK outside the EU. I've talked before about how the neolibs imposed their theories on Yeltsin's Russia whilst living outside the scope of their effects. I despised them then, and I despise their equivalent now.

**Fragony** · 10-17-2016, 13:48

Originally Posted by Pannonian

Then there's some place for outsiders to have their say as well. But AFAICS Frag is the most frequent commenter on how things will be better for the UK outside the EU. I've talked before about how the neolibs imposed their theories on Yeltsin's Russia whilst living outside the scope of their effects. I despised them then, and I despise their equivalent now.

I don't tell you what to do, only what I think. How does my optimism compare to Brussel's eurocrats who were wrong about all doom-scenario's of a possible vote for a brexit, nothing what they were furiously screaming is actually happening. I know the real brexit has still to happen but the fearmoning makes eurocrats look really stupid and I like that because I dispise the EU

**Beskar** · 10-19-2016, 17:28

Originally Posted by Fragony

I don't tell you what to do, only what I think. How does my optimism compare to Brussel's eurocrats who were wrong about all doom-scenario's of a possible vote for a brexit, nothing what they were furiously screaming is actually happening. I know the real brexit has still to happen but the fearmoning makes eurocrats look really stupid and I like that because I dispise the EU

Actually, the impacts are still happening over here and Brexit hasn't even started or happened yet officially. The pound has dropped significantly to that of the euro, all prices are rising at a minimum of 10%, in some cases, 40% We are getting the fabled "even more Austerity" being imposed upon us by the government. Scotland now pushing forward with a 2nd referendum. Our government went through a period of real instability, and the ramifications have had a profound impact on the political climate.

**Fragony** · 10-19-2016, 22:03

Originally Posted by Beskar

Actually, the impacts are still happening over here and Brexit hasn't even started or happened yet officially. The pound has dropped significantly to that of the euro, all prices are rising at a minimum of 10%, in some cases, 40% We are getting the fabled "even more Austerity" being imposed upon us by the government. Scotland now pushing forward with a 2nd referendum. Our government went through a period of real instability, and the ramifications have had a profound impact on the political climate.

Short-term consequences were to be expected, and screw the political climate really, instability isn't always bad

**edyzmedieval** · 10-20-2016, 01:31

Short-term consequences include this - http://www.telegraph.co.uk/news/2016...r-with-unilev/

And these are short-term issues, which were eventually resolved by Tesco and Unilever. But what will happen in the future when bigger issues will occur, and not just Marmite?

**Fragony** · 10-20-2016, 04:25

Not having marmite is probably a very big issue for the English ;)

**Philippus Flavius Homovallumus** · 10-21-2016, 02:02

Originally Posted by Beskar

Actually, the impacts are still happening over here and Brexit hasn't even started or happened yet officially. The pound has dropped significantly to that of the euro, all prices are rising at a minimum of 10%, in some cases, 40% We are getting the fabled "even more Austerity" being imposed upon us by the government. Scotland now pushing forward with a 2nd referendum. Our government went through a period of real instability, and the ramifications have had a profound impact on the political climate.

Price rises of between ten and forty percent?

Given that inflation is only just tipped into 1% positive I'd like some data on that, please.

Also not seen "even more austerity", noises from Hammond point in much the opposite direction.

As to the government having a period of "real instability" that's just cobblers - at no point was there not a Prime Minister, at no point did we suffer mass-resignations from the Front Bench. That happened on the OTHER side of the chamber.

You're right about Scotland, though, but then the SNP have been sounding off like a bunch of shut in cats since the election.

**Husar** · 10-21-2016, 02:23

Originally Posted by Philippus Flavius Homovallumus

Given that inflation is only just tipped into 1% positive I'd like some data on that, please.

Inflation?
From the previously posted link: http://www.telegraph.co.uk/news/2016...r-with-unilev/

The pound has fallen 17 per cent since Britain voted to leave the EU.

Bryan Roberts, a retail analyst at TCC Global, said: “A lot of suppliers are seeking to pass on price increases to retailers but in the current environment retailers are increasingly reluctant to take it. They want to keep prices as low as they can to increase their affordability against the competition.”

Former chairman of Northern Foods Lord Haskins told BBC Newsnight that he expected food inflation of around five per cent in the next year, with discounters affected as well as the main supermarket brands.

"Despite the fact that people will grumble about paying more for Marmite, they will pay more for Marmite and that’s what the strengths of good brands are," he said.

"But then the people who pay for Marmite have got less money to pay for something else so it will affect shopper’s behaviour in a substantial way."

There you also have your broken window theory.

I don't know about Marmite, but if the pound is falling, imports should become more expensive of course, nothing to do with inflation. Certainly not if retailers are so far trying to resist. And then how is inflation calculated in the UK? Here they use some "representative goods" to calculate it. With that method, only goods included in the calculations actually impact official inflation figures for obvious reasons.

**edyzmedieval** · 10-21-2016, 02:28

The rapid decline in the value of the pound fuels inflation. And inflation was at 0.6%, and it almost doubled in a couple of months.

Bloomberg - Carney looking for inflation test - http://www.bloomberg.com/news/articl...most-two-years

**Beskar** · 10-21-2016, 02:55

Originally Posted by Philippus Flavius Homovallumus

Price rises of between ten and forty percent?
Given that inflation is only just tipped into 1% positive I'd like some data on that, please.

Well, Unilever argument with Tesco was 10%. The 40% figure was the cost of importing bicycle parts from Japan from a BBC4 caller Bicycle UK Supplier, who is now getting the parts from an Italian manufacturer firm instead at only 25% the cost he was paying previously. There were numerous callers on this subject, and all the callers from businesses who import from outside the UK say prices for them were ranging from 10-40%, and this is currently getting swallowed by the hedge-funding and leverages the companies had in place, so they do not burden the customer with sudden price hikes, but these will be being passed on soon since said funding typically runs out after 6 months to a year. So if the situation doesn't improve, it hits our wallets.

Either way, looks like Husar beaten me to it. It is to do with the value of the pound, and the price hikes of costs/increases of importing from aboard.