To be fair there are a great many people in the U.K. who both work and claim benefits in the form of working tax credits. So the Brexiteers have a point there. However, in rejecting immigrants coming the U.K. and working they are also rejecting their wider contribution to society. For example, we have an issue with the ratio of pensioners to those of working age and therefore immigration is a the quick fix for that. They must also be prepared to concede that if all the immigrants go back home then the economy will most likely shrink, house prices will fall and inflation rise dramatically, as the forces of supply and demand rebalance the economy. Indeed these are forecast by the OBR
Afternoon chuckles, still spreading the love I see On the 8th August 2016 the spot inter-bank market saw: 1 GBP = 1.3063 USD Today's Live British Pound into US Dollar Exchange Rate 1 GBP = 1.2884 USD On the 8th August 2016 the spot inter-bank market saw 1 GBP = 1.1778 EUR Today's Live British Pound into Euro Exchange Rate 1 GBP = 1.1102 EUR Or in two years, they have hardly moved. Not saying your biased at all, drama queen remainer probably, Troll more likely, But you seem not to mention many currencies are talking a hit at the moment that is more influenced with the unrest through U.S. China, eu sanctions
Some do,some don't,some do both,some don't do either. Perhaps you'd care to introduce us to the many doctors,architects,lawyers,and other professionals crossing the Med in rubber dinghies? I'd hazard a guess you'll discover the greater number are very short on the skills that this country requires...(you DO study official figures from many countries showing how many recent immigrants are unemployed,yes?) Also,(maybe you've forgotten but I'll just give you a gentle reminder),many people in very low-skilled/low wage jobs,(of the kind that a good percentage of those that do find work will find themselves performing),also receive taxpayer-financed benefits of one kind or another. Funny thing isn't it: Governments tax the low-paid but then give it back to them in benefits,but only ever mention the tax they pay,not what it costs the taxpayer.
https://www.bbc.co.uk/news/business-45113862 I have been discussing risk assessments with a few companies as regards a no-deal Brexit and the consensus is that there is nothing they can actually do as they have no idea what it will look like or how they could overcome the problems it will produce.
I don’t get your point. If your GDP per head remains constant and the number of heads reduces, the size of the economy reduces. Or are you anticipating the economy to become more efficient near overnight and for GDP per capita to increase
My point is an incredibly simple one. By omitting the current currency stress's are more to do with the penis fight between the eu-us-and china, throw in a little bit of sanctions with Iran too and then not mentioning any of that but blaming it all on brexit is a deliberate attempting to induce typical dukism's At various points he will throw in the bank of england and the imf comments about it having been devalued by 15%, whilst not acknowledging IMF had said back in February 2016 that the pound was “moderately overvalued in 2015” by 5 to 15 percent. Other groups including the Bank of England and the IMF agreed that the pound was overvalued. This means the exchange rate could have been artificially high before the EU referendum . He also forgets to mention, as the pound is cheaper, our exports have rocketed https://fullfact.org/economy/pound-fallen-since-brexit/
I wouldn't bother trying to understand nobbie's nonsensical trolling. Put him, Trump and Johnson in the same cell and you would still struggle to get an IQ of 3. This if far more interesting.
shhh duke, I'm still supposed to be on your ignore list, stop reading my posts then pretending you haven't seen them
https://www.reuters.com/subjects/euro-zone Read 'em and weep. The evidence stacks up against hard `brexit. Brexiteers must either be rich, or just not give a shit about being much worse off. Rule Britannia...? Every day that goes by I have less money and so do my children. Thank you. It will all be worth it though, all those jobs that 'foreign' folk have stolen, no more being told what to do by the EU...
What evidence? you missed it where his argument falls flat on it's face and at the same time he says it is possible we could be stronger also Brexit supporters have said that Britain can boost global trade ties as it detaches itself from the EU, its biggest export market. Asked if there were ways in which Britain could be stronger outside the European Union, McCafferty said “Everything is theoretically possible.” whether it is a deal or free trade /wto, we will still be buying and selling within the eu as they will be with us. The silliest of extreme remainers still think people believe them when they try and say at midnight on the 29th of March 2019, no business will happen, the walls go up, the end. I'll also hazard a guess, he's leaving his role at the bank of England in 3 weeks, what's the betting he goes to either a eu financial institution or a financial institution that actively worked for remain? out of 10, the reuters article supporting your argument , 1
As if by magic...never saw this correction reported... https://fullfact.org/europe/claim-a...po/?utm_source=homepage&utm_medium=second_row
Point 1 May 26 2016 gbp to euro was 1.32 and today is just under 1.10 - not interbank spot rates. In the real world - my wife's family have a business which relies on importing goods from the Eu and it's costing them 25% more just to buy the goods. That's a big hit and puts a squeeze on everything. Biggest costs in a business? Employees and location. Point 2 The weaker pound does mean it's cheaper for other countries to buy out stuff, problem is it costs us MORE to buy anything from any other country and our balance of payments is that we buy more than we export, so the weak pound is not helping, but hurting our balance of payments.
Notice that leavers can back nothing up with improved figures for the UK economy. Disillusioned hopes to say the least of it.. Need to take head out of the sand, and quick.
Point 1: why did you not go back 8 years or 10 years when the Euro was just under 1.10 to the pound? Point 2: so making it here will make us more money and our exports will continue to grow, is that what your saying here?
Fair points although the euro/gb isn't at under 1.10 according to the ftse, it's at 1.11 https://www.londonstockexchange.com...markets/international-markets/rates/home.html a small point but one worth making, I'd be interested how it's 25% more when the pound versus euro has not dropped the equivalent 25%. Personally I remember a time when we were getting $2's for a pound and now we are at £1.2885 at yet despite the drop we remain the 5th biggest economy in the world, what say you on that? April this year https://www.weforum.org/agenda/2018/04/the-worlds-biggest-economies-in-2018/ Can I ask how this will impact do you think on europes business, gdp and future growth ? http://www.euronews.com/2018/07/26/ec-bank-will-end-its-2-6-trillion-stimulus-programme
1) exchange rate drop was less than 25% but combined with other charges like higher transport cost due to exchange rate it comes to around 25% (I'm not their accountant by the way, so if this is a few % out - it could be, I just wanted to use a real world example that I know about to illustrate my point) 2) 5th largest GDP converted to market exchange rates, 9th in purchasing power. So definitely in top 10 which I hope we would all expect? Growth is low and productivity low (1.6 compared to 2.1 for France) however as we all know statistics don't tell the whole story. All western economies will have a problem with this, due to aging population, higher costs, lower tax receipts. 3) no idea, I'm no economist and even economists are just crystal ball gazers using data. The EU is a big trading bloc, not as big without U.K. and they will need to create new deals - just like we need too. Doesn't matter if you are for or against Brexit, the reality is that the economy will suffer for a period until it rebalances - and that's just common sense. I'm originally from NZ ( yeah - bloody foreigner!) and when UK joined EEC /EU we suffered big time, but over a period of maybe 10 years found new markets, new deals and got back to a decent level.
