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Brexit gets the blame, but for how long


ElvisThePelvis
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Well we have to get it sorted, we've started and we MUST keep going until we are out.

+1. A lot of the people are just stirring to try and gather indecisive voters to join there cause for a second referendum.

Things will be better when they get a move on and get us out.

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The whole thing was non sustainable

 

We closed down and sold off heavily subsidised industry

 

Why would anyone think subsidising half of Europe would work

 

The pound and the euro being on a par at the moment could well deter a lot of economic migrants

 

There needs to be radical reforms and accountability across the entire economic sector

 

Just a few thoughts

All the best

Of

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Low pound will raise inflation by a lot -- prices of everything imported is *already* going up, by a lot...

 

So the gov will at last be able to raise the interest rates to 'compensate' and we (the people) will have lost, again.

 

1) Higher prices

2) Higher interest rates (higher mortgages)

3) Happier banks. Banks stops threatening to leave London.

 

Overall, the banks will win. Back to the happy days. That's why the financial sector and FTSE aren't bothered that much at the moment...

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The whole thing was non sustainable

We closed down and sold off heavily subsidised industry

Why would anyone think subsidising half of Europe would work

The pound and the euro being on a par at the moment could well deter a lot of economic migrants

There needs to be radical reforms and accountability across the entire economic sector

Just a few thoughts

All the best

Of

I very much doubt they give two hoots about the exchange rate...........

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Low pound will raise inflation by a lot -- prices of everything imported is *already* going up, by a lot...

 

So the gov will at last be able to raise the interest rates to 'compensate' and we (the people) will have lost, again.

 

1) Higher prices

2) Higher interest rates (higher mortgages)

3) Happier banks. Banks stops threatening to leave London.

 

Overall, the banks will win. Back to the happy days. That's why the financial sector and FTSE aren't bothered that much at the moment...

You forget about happier savers! Quite a few on PW are hurt by low interest rates.

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In the short term, five years? Their will be pain and regretfully the poorer people of this country will suffer the most, but hopefully looking long term we will see products we currently import once again manufactured in this country, with hopefully decent apprenticeships returning for the young and skilled jobs and a move away from being a country of shop keepers selling mainly what the rest of the world has made, some in sweat shops or with slave labour.

 

Then brexit and a low pound will have been worthwhile.

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