Economic meltdown?

[anser2]

We are still in the EU so most of the downturn to come from Brexit is still several years away. If you want to enjoy the present high lifestyle we have in the UK in the future then the best action will be to move to the EU. If I was younger that's what i would do.

Edited September 24, 2016 by anser2

[Vince Green]

We are still in the EU so most of the downturn to come from Brexit is still several years away. If you want to enjoy the present high lifestyle we have in the UK in the future then the best action will be to move to the EU. If I was younger that's what i would do.

Do you realise what the cost of living is like in most EU countries? True, some things are cheaper but other things are much higher than here

[panoma1]

We are still in the EU so most of the downturn to come from Brexit is still several years away. If you want to enjoy the present high lifestyle we have in the UK in the future then the best action will be to move to the EU. If I was younger that's what i would do.

More rubbish from a disgruntled remainer who undoutedly had a personal vested interest in voting remain.............Every blip in UK Plc in the future you will attribute to Brexit.........you backed the wrong horse.....accept it and move on!

[guest1957]

More rubbish from a disgruntled remainer who undoutedly had a personal vested interest in voting remain.............Every blip in UK Plc in the future you will attribute to Brexit.........you backed the wrong horse.....accept it and move on!

This is what I find bizarre. No one even knows what form Brexit will take yet Brexiters are claiming some sort of enlightened victory. There's almost a cultish edge to it.

[Yellow Bear]

This is what I find bizarre. No one even knows what form Brexit will take yet Brexiters are claiming some sort of enlightened victory. There's almost a cultish edge to it.

Whilst this is true we do have a pretty good idea what it would be if we remain - almost any alternative is better IMHO.

[scotslad]

U could probably argue there a cultish edge to both sides of the whole argument, and the simple fact is u prbably will never know if u are better off out or in.

 

Many things will be seized upon by either side to highlight some forecast but most could of happened anyway very hard to isolate it to just that 1 decision as it relies on so many other things in the global market place now.

 

Without a crystal ball u'll never know if u voted for better or worse

[panoma1]

This is what I find bizarre. No one even knows what form Brexit will take yet Brexiters are claiming some sort of enlightened victory. There's almost a cultish edge to it.

Nope! Not claiming any "enlightened" victory, because as you say, no one can predict the future, but the Brexit vote won the referendum..........it is time the die hard remainers accepted the democratic decision of the people and got behind the country! Instead of constantly wringing their hands, sniping, forecasting future doom and undermining democracy by trying to overturn the democratic decision at every opportunity!

[anser2]

Do you realise what the cost of living is like in most EU countries? True, some things are cheaper but other things are much higher than here

yes when I was working in Sweden in the 90s the cost of living is high , but then so are the wages. When I was there a labourer could expect to earn £400 + a week at a time is would be hard to find a similar job paying much more than £300 in England.

More rubbish from a disgruntled remainer who undoutedly had a personal vested interest in voting remain.............Every blip in UK Plc in the future you will attribute to Brexit.........you backed the wrong horse.....accept it and move on!

Yes I have a personal interest to remain as leaving is going to cause my standard of living as a pensioner to crash once we leave the EU. Plus i have had to take early retirement due to EU funding for conservation being frozen since we voted to Brexit and the UK govenment cutting back on departmental spending making 1\3 of the department redundant with a further 28% job losses by 2020 at a time when the jobs need to be expanded with the increased workload. Its a pity a few people did not think with their heads rather than with there hearts when they voted to leave the EU and perhaps we could remain Great Britain and not become little England.

Edited September 24, 2016 by anser2

[Davyo]

Who gives a toss! Move on lifes too short.Your born,**** happens,you die.

[Jaymo]

Facto

The people who 'give a toss' are most likely the ones who are directly affected by the whole thing.

Some financially, some where they currently live and some both of those plus their livelihood.....

So, whilst you might personally not be affected, don't think the world revolves around you.

[silver pigeon69]

Personally, i voted for what i thought was best for the country and not what i thought was necessarily best for me.

[huntsman]

Its not the Brexit issue you should be concerned about, in reallity the Banking Crisis is much worse than the Governments are telling us.

take a look at a few sites to educate yourself and be ready for something that will be coming to us all marketslant and especially zerohedge

 

 

 

Take a look at Deutsche Bank They are in deep trouble ,this in turn wiil effect the worlds Banking system,including RBS, Natwest, Sanatander,plus major Bankers around the world Bank of America Merryl Lynch,UBS Goldman Sachs just to name a few.

 

Furthermore did you realise that there are tent citys in the US,People cannot afford education costs,healthcare,loans mortgages etc...

There are thousands tens of thousands living in vans ,showering in Gyms and then going to work,we dont get to hear half of the issues due to government restrictions imposed on the media.

 

Anyway I thought all the preppers were a bunch of lunatics just waiting for an apocalypse,the end of the world,digging shelters and preparing with huge food stocks,well maybe these people know more than us all.

 

So keep an eye on your savings,pensions etc make sure you are prepared for that rainy day,as just one day we might be in the same position as the people of in the US of A

[oowee]

We are still in the EU so most of the downturn to come from Brexit is still several years away. If you want to enjoy the present high lifestyle we have in the UK in the future then the best action will be to move to the EU. If I was younger that's what i would do.

I was hoping to move to eu when my wife retires but not sure how the social chapter will pan out for my pension. Have to wait and see. If it's not so good for me there may be a great pension wheeze for her

 

If we end up on WTO terms with the current trade deficit the country should be better off?

[Rewulf]

yes when I was working in Sweden in the 90s the cost of living is high , but then so are the wages. When I was there a labourer could expect to earn £400 + a week at a time is would be hard to find a similar job paying much more than £300 in England.

Yes I have a personal interest to remain as leaving is going to cause my standard of living as a pensioner to crash once we leave the EU. Plus i have had to take early retirement due to EU funding for conservation being frozen since we voted to Brexit and the UK govenment cutting back on departmental spending making 1\3 of the department redundant with a further 28% job losses by 2020 at a time when the jobs need to be expanded with the increased workload. Its a pity a few people did not think with their heads rather than with there hearts when they voted to leave the EU and perhaps we could remain Great Britain and not become little England.

 

So let me get this straight.

You worked in Sweden 20 years ago,so you know how much things cost abroad?

Try a browse round an Italian or German supermarket these days , and see how much they pay for basic foodstuffs,and no,their wages are not higher than ours.

 

Also your 'personal' interests in staying with the EU means that everyone who wanted to leave are stupid ?

What kind of logic is that?

Try taking some comfort in the knowledge your country has the sense and determination to do what it thinks is right for ITSELF ,rather than trying to keep the rest of Europe happy.

That logic should appeal to you.

[Vince Green]

Its not the Brexit issue you should be concerned about, in reallity the Banking Crisis is much worse than the Governments are telling us.

take a look at a few sites to educate yourself and be ready for something that will be coming to us all marketslant and especially zerohedge

 

 

 

Take a look at Deutsche Bank They are in deep trouble ,this in turn wiil effect the worlds Banking system,including RBS, Natwest, Sanatander,plus major Bankers around the world Bank of America Merryl Lynch,UBS Goldman Sachs just to name a few.

 

Furthermore did you realise that there are tent citys in the US,People cannot afford education costs,healthcare,loans mortgages etc...

There are thousands tens of thousands living in vans ,showering in Gyms and then going to work,we dont get to hear half of the issues due to government restrictions imposed on the media.

 

Anyway I thought all the preppers were a bunch of lunatics just waiting for an apocalypse,the end of the world,digging shelters and preparing with huge food stocks,well maybe these people know more than us all.

 

So keep an eye on your savings,pensions etc make sure you are prepared for that rainy day,as just one day we might be in the same position as the people of in the US of A

This is a very good post, the European banking system is defying the laws of gravity at the moment. When it goes down I don't think anybody really knows what the outcome will be.

 

My view of Brexit was we should be doing our best to extract ourself from Europe before the inevitable happens. We certainly wont be able to get far enough away to escape it all but anything is better than staying.

 

Europe is hopelessly flawed, I can't see it has a future but what would the alternative be?

[huntsman]

Interesting developments today within the banking system,and more to come this week,we will see further turmoil.

to begin with Job Losses, within RBS or one of the bigger names maybe Barclays

Having closed down my Natwest Bank account at the weekend due to the massive lies within the financial system and other economic changes within the banking system.I have made my mind up that the bigger the bank the greater the fall / loss.

 

It made me realise that we have been decieved by the bankers for a long time, Saving Rates have been cut to levels that makes me as a Saver unrealistic and unable to trust my hard earned savings within the Natwest group of banks any longer.

Trust me,There will be many more considering doing a Ken Dodd and keeping money in biscuit tins,rather than wake up one morning to find that the Bank has lost all its money.

You think this may never happen,look at Greece,remember the ATM saga.....

B&Q are doing well selling small safes...I kid you not..

http://www.dailymail.co.uk/money/news/article-3805442/Crack-safe-code-want-cash-home-era-rock-bottom-rates.html

 

keep up with the worlds economics or you may lose what you have

Edited September 26, 2016 by huntsman

[AVB]

Interesting developments today within the banking system,and more to come this week,we will see further turmoil.

to begin with Job Losses, within RBS or one of the bigger names maybe Barclays

Having closed down my Natwest Bank account at the weekend due to the massive lies within the financial system and other economic changes within the banking system.I have made my mind up that the bigger the bank the greater the fall / loss.

 

It made me realise that we have been decieved by the bankers for a long time, Saving Rates have been cut to levels that makes me as a Saver unrealistic and unable to trust my hard earned savings within the Natwest group of banks any longer.

Trust me,There will be many more considering doing a Ken Dodd and keeping money in biscuit tins,rather than wake up one morning to find that the Bank has lost all its money.

You think this may never happen,look at Greece,remember the ATM saga.....

B&Q are doing well selling small safes...I kid you not..

http://www.dailymail.co.uk/money/news/article-3805442/Crack-safe-code-want-cash-home-era-rock-bottom-rates.html

 

keep up with the worlds economics or you may lose what you have

 

It's all well and good keeping it all in cash at home but very inconvenient. Always having to have the right amount of cash on you. No use of ATM's or Debit Cards or e_payments or Direct Debits/Standing orders. Some could but I couldn't go back to a cash economy.

 

in what way do you feel you have been deceived? Interested to know.

[anser2]

 

So let me get this straight.

You worked in Sweden 20 years ago,so you know how much things cost abroad?

Try a browse round an Italian or German supermarket these days , and see how much they pay for basic foodstuffs,and no,their wages are not higher than ours.

 

Also your 'personal' interests in staying with the EU means that everyone who wanted to leave are stupid ?

What kind of logic is that?

Try taking some comfort in the knowledge your country has the sense and determination to do what it thinks is right for ITSELF ,rather than trying to keep the rest of Europe happy.

That logic should appeal to you.

Rewulf, Sorry what you are claiming does not stack up. The average German worker earns about 2459 Euros a month. Thats compared to the average UK worker earning 1672 Euros a month. So the average German worker is 787 Euros ( £682) a month better off. Just google the answer.

 

I never anyone was stupid they are your words not mine. And yes i do have a good idea about the standard of living in Sweden , I have many friends there.

Edited September 26, 2016 by anser2

[Vince Green]

Rewulf, Sorry what you are claiming does not stack up. The average German worker earns about 2459 Euros a month. Thats compared to the average UK worker earning 1672 Euros a month. So the average German worker is 787 Euros ( £682) a month better off. Just google the answer.

 

I never anyone was stupid they are your words not mine. And yes i do have a good idea about the standard of living in Sweden , I have many friends there.

I thought the average income in Britain was in the region of £27K ? That's about 2925 Euros a month

 

https://www.incometaxcalculator.org.uk/average-salary-uk.php

Edited September 27, 2016 by Vince Green

[Rewulf]

Rewulf, Sorry what you are claiming does not stack up. The average German worker earns about 2459 Euros a month. Thats compared to the average UK worker earning 1672 Euros a month. So the average German worker is 787 Euros ( £682) a month better off. Just google the answer.

 

I never anyone was stupid they are your words not mine. And yes i do have a good idea about the standard of living in Sweden , I have many friends there.

 

I googled the answer ....https://en.wikipedia.org/wiki/List_of_European_countries_by_average_wage

 

So Im not sure where you got your figures from,probably the Guardian.

 

When you say someone voted with their hearts and not their heads,what then were you implying ?

 

Sweden is not a typical European country is it?

It has a high income tax system,high import and high wages to compensate,it hardly sets any kind of benchmark for the rest of Europe.

So, to say 'I know how much things cost within the EU ,because I know how much Swedes pay' is not particularly accurate is it ?

[anser2]

Sorry , but the more I loked into this the more different levels of pay came to light form various web sites. Never the less the clear trend is the same in all of them. The average German earns a lot more than the average Englishman. True Sweden is one of the high earners in the EU , but i did say I was talking about the northern EU countries and Sweden does show it is possible to have very high living standards within the EU , which we could also enjoy if we stayed in the EU.

 

 

Germany Average Gross Monthly Earnings 1991-2016 | Data | Chart Wages in Germany increased to 3695 EUR/Month in the second quarter of 2016 from 3655 EUR/Month ( £3178 ) in the first quarter of 2016. Wages in Germany averaged 3072.94 EUR/Month from 1991 until 2016, reaching an all time high of 3695 EUR/Month in the second quarter of 2016 and a record low of 1832 EUR/Month in the fourth quarter of 1991. Wages in Germany is reported by the Statistisches Bundesamt.

 

That’s £38,064 per year

 

http://www.tradingeconomics.com/germany/wages

 

United Kingdom Average Weekly Wages 2000-2016 | Data | Chart | Calendar Wages in the United Kingdom increased to 505 GBP/Week in July from 502 GBP/Week (£26.104 per year ) in June of 2016. Wages in the United Kingdom averaged 418.91 GBP/Week from 2000 until 2016, reaching an all time high of 505 GBP/Week in July of 2016 and a record low of 306 GBP/Week in February of 2000. Wages in the United Kingdom is reported by the Office for National Statistics.

That’s £26.104 per year

 

So the average german earns £11,960 per year more than the average Englishman.

 

http://www.tradingeconomics.com/united-kingdom/wages

 

http://www.neighbourhood.statistics.gov.uk/HTMLDocs/dvc126/. Worth a look at for different pay levels around the country.

Edited September 27, 2016 by anser2

[Rewulf]

Lets make this really simple.

 

http://www.therichest.com/business/the-top-10-highest-average-salary-per-country/

 

https://www.reinisfischer.com/average-salary-european-union-2015

 

And to get back to the original argument .

 

http://www.numbeo.com/cost-of-living/compare_countries.jsp

 

Put your chosen 2 countries in and see what things cost abroad,as I said basic foodstuffs are more expensive in the 'richer' EU countries,even though net wages are lower,the thing is Ive lived and worked in a lot of European countries and know this from personal experience.

[bruno22rf]

I think the whole Brexit theory about economic collapse is simply scaremongering - before we voted to leave Europe I used to put £50 in my car every week - I still put £50 in now - it hasn't gone up a penny.

[Vince Green]

The real truth is much more complicated than a few figures being knocked back and forward on here.

 

Lets not look at the average German income, lets look at what they earn in Lithuania or Greece. What's the average EU income? That's what we should be comparing with our situation.

Edited September 27, 2016 by Vince Green

[yod dropper]

Living standards are not just to do with income. The Norfolk local paper the EDP often used to talk of a second pay cheque from the benefits of living in the area but in my opinion and experience that has gone so I am poorer. For instance, compared to ten years ago my journey times have increased by a third and sometimes much more. Those areas hit hardest by significant population growth and different cultural standards have seen their standard of living/ quality of life plummet. If you're lucky or wealthy enough not be too affected by this then I guess it's less likely to be of concern.

Edited September 27, 2016 by yod dropper