ElvisThePelvis Posted October 17, 2016 Report Share Posted October 17, 2016 With the problems Deutsche face and the ensuing Barclays contagion looking like it could surpass 08 how much more can be blamed on Brexit? I think we are all back on the precipice, I don't see how Euro is holding up so well.. Quote Link to comment Share on other sites More sharing options...
ShootingEgg Posted October 17, 2016 Report Share Posted October 17, 2016 Think everything will always be brexits fault, even the 09 recession was probably because someone in a pub said "wonder what life outside the eu would be like" Quote Link to comment Share on other sites More sharing options...
TIGHTCHOKE Posted October 17, 2016 Report Share Posted October 17, 2016 Well we have to get it sorted, we've started and we MUST keep going until we are out. Quote Link to comment Share on other sites More sharing options...
Vince Green Posted October 17, 2016 Report Share Posted October 17, 2016 For the rest of our lives we will hear Brexit blamed for everything. It gives the perfect excuse Quote Link to comment Share on other sites More sharing options...
ElvisThePelvis Posted October 17, 2016 Author Report Share Posted October 17, 2016 Absolutely, much of q4 and next 36 months pooh would have happened anyway, a global revaluation is imminent Quote Link to comment Share on other sites More sharing options...
jam1e Posted October 17, 2016 Report Share Posted October 17, 2016 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. Quote Link to comment Share on other sites More sharing options...
Old farrier Posted October 17, 2016 Report Share Posted October 17, 2016 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 Quote Link to comment Share on other sites More sharing options...
buze Posted October 18, 2016 Report Share Posted October 18, 2016 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... Quote Link to comment Share on other sites More sharing options...
Jaymo Posted October 18, 2016 Report Share Posted October 18, 2016 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........... Quote Link to comment Share on other sites More sharing options...
AVB Posted October 18, 2016 Report Share Posted October 18, 2016 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. Quote Link to comment Share on other sites More sharing options...
Vince Green Posted October 18, 2016 Report Share Posted October 18, 2016 Its not a bad thing that imported items become more expensive because a lot of the things we import are not essencial and we would be better off not buying them in the first place Quote Link to comment Share on other sites More sharing options...
THE MEK Posted October 18, 2016 Report Share Posted October 18, 2016 TSB have just sent me a letter last week showing all the accounts are getting their interest rates cut Quote Link to comment Share on other sites More sharing options...
rbrowning2 Posted October 18, 2016 Report Share Posted October 18, 2016 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. Quote Link to comment Share on other sites More sharing options...
Vince Green Posted October 18, 2016 Report Share Posted October 18, 2016 (edited) TSB have just sent me a letter last week showing all the accounts are getting their interest rates cut Santander has done the same, its too good an excuse to pass up Edited October 18, 2016 by Vince Green Quote Link to comment Share on other sites More sharing options...
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