Post EU Referendum
Mar 25th 2018, 9:24 pm
Democracy advocate
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Posts: 11,880
Re: Post EU Referendum
Originally Posted by Red Eric
And - as I have said on numerous previous occasions - government doesn't look like denying them when it comes to agricultural workers, so it doesn't look to me as though carrot-pickers will be earning any more than they currently do in the future, despite Brexit.
Brexiters (including those not in business) even argued strenuously for seasonal workers in that sector - didn't you Bipat?
Brexiters (including those not in business) even argued strenuously for seasonal workers in that sector - didn't you Bipat?
Last edited by Cape Blue; Mar 25th 2018 at 9:34 pm.
Mar 25th 2018, 9:30 pm
Democracy advocate
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Re: Post EU Referendum
Originally Posted by 007Steve
I think I'd recognise one when its politicos are reduced to scaremongering about immigrants, when another country can commit murder on its streets with impunity, and when it's riven so deeply that there's no reasonable way to restore any unity.
The UK has not only lost its way imo, but all sense of proportion. What used to be fairly tolerent nation has become a home for conceited white bigots opining their views on everything from the price of fish to genetic research - mostly using something they read in The Sun.
The last step will be when the currency falls as it did the other year.
Failed State; Failed its population; Failed itself.
The UK has not only lost its way imo, but all sense of proportion. What used to be fairly tolerent nation has become a home for conceited white bigots opining their views on everything from the price of fish to genetic research - mostly using something they read in The Sun.
The last step will be when the currency falls as it did the other year.
Failed State; Failed its population; Failed itself.
Mar 25th 2018, 9:36 pm
Reasonable Bitch
Joined: Feb 2011
Location: Mallorca
Posts: 18,139
Re: Post EU Referendum
Ahh, yes. Has nothing to do eoth Brexit.
Despite, of course, virtually every bloody trader, economist, bank, financial services, financial authority, finance publication, and every-bloody-else saying otherwise.
Despite, of course, virtually every bloody trader, economist, bank, financial services, financial authority, finance publication, and every-bloody-else saying otherwise.
Mar 25th 2018, 9:40 pm
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Re: Post EU Referendum
Originally Posted by amideislas
Ahh, yes. Has nothing to do eoth Brexit.
Despite, of course, virtually every bloody trader, economist, bank, financial services, financial authority, finance publication, and every-bloody-else saying otherwise.
Despite, of course, virtually every bloody trader, economist, bank, financial services, financial authority, finance publication, and every-bloody-else saying otherwise.
I said the drop was just at the level of noise - i.e. it wasn't especially notable when you look over a 10 year period.
The IMF stated before the referendum that Sterling was up to 20% overvalued, the referendum vote was just the trigger to bring it down to a more realistic level. I guess you don't like "experts"?
Mar 25th 2018, 9:46 pm
Reasonable Bitch
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Re: Post EU Referendum
Originally Posted by Cape Blue
I didn't say the softening was nothing to do with brexit - are you able to read?
I said the drop was just at the level of noise - i.e. it wasn't especially notable when you look over a 10 year period.
The IMF stated before the referendum that Sterling was up to 20% overvalued, the referendum vote was just the trigger to bring it down to a more realistic level. I guess you don't like "experts"?
I said the drop was just at the level of noise - i.e. it wasn't especially notable when you look over a 10 year period.
The IMF stated before the referendum that Sterling was up to 20% overvalued, the referendum vote was just the trigger to bring it down to a more realistic level. I guess you don't like "experts"?
The fact remains, that every time it looks like Brexit is Brexit, the pound tanks. When it looks like maybe Brexit doesn't really mean Brexit, sterling gains.
So, what does that tell you about how the "real world" views this mess? Huh?
Mar 25th 2018, 9:54 pm
Democracy advocate
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Re: Post EU Referendum
Originally Posted by amideislas
Or a 100 year period. Or 1000 years.
The fact remains, that every time it looks like Brexit is Brexit, the pound tanks. When it looks like maybe Brexit doesn't really mean Brexit, sterling gains.
So, what does that tell you about how the "real world" views this mess? Huh?
The fact remains, that every time it looks like Brexit is Brexit, the pound tanks. When it looks like maybe Brexit doesn't really mean Brexit, sterling gains.
So, what does that tell you about how the "real world" views this mess? Huh?
It tells you that FX traders will try making a buck out of any change and that short-termism prevails.
Mar 25th 2018, 10:00 pm
So long...
Joined: Jul 2007
Posts: 22,573
Re: Post EU Referendum
Originally Posted by Cape Blue
I assume you read your own links? From the third one on what determines pay:
Mar 25th 2018, 10:01 pm
Democracy advocate
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Posts: 11,880
Re: Post EU Referendum
Originally Posted by DaveLovesDee
I do read my own links. It says could, not does. It's one of many factors, not the only one.
Mar 25th 2018, 10:02 pm
Who - me?
Joined: Jul 2014
Location: Arcos de Valdevez "Onde Portugal se fez"
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Re: Post EU Referendum
Originally Posted by Cape Blue
Lets hope the elites don't intervene with sectors like shopwork, distribution centre, manual labourer, taxi driver, truck driver, chamber maid - otherwise none of the working class will find they get a better lifestyle in the UK.
Mar 25th 2018, 10:04 pm
So long...
Joined: Jul 2007
Posts: 22,573
Re: Post EU Referendum
Originally Posted by Cape Blue
We are talking about free movement suppressing wages and Dave's link about how wages are set says:
The bit confirming that fruit pickers are unskilled was just the icing on the cake
I should get Dave to make all my arguments for me, he finds good links
Yes, business still wants to import cheap labour so that they do not need to pay higher wages.
The bit confirming that fruit pickers are unskilled was just the icing on the cake
I should get Dave to make all my arguments for me, he finds good links
Yes, business still wants to import cheap labour so that they do not need to pay higher wages.
Mar 26th 2018, 8:16 am
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Joined: Oct 2012
Posts: 26,724
Re: Post EU Referendum
Originally Posted by Cape Blue
Currencies rise and fall all the time, the 2016 drop is just amongst the rest of the FX noise already.
The fall in sterling was driven by what ?
As you claim to be one of the economic elite, what is your theory.
Mar 26th 2018, 8:21 am
Reasonable Bitch
Joined: Feb 2011
Location: Mallorca
Posts: 18,139
Re: Post EU Referendum
Originally Posted by Cape Blue
It doesn't "tank".
It tells you that FX traders will try making a buck out of any change and that short-termism prevails.
It tells you that FX traders will try making a buck out of any change and that short-termism prevails.
With a Year to go, Britain Is Still in the Dark Over Brexit | Wall Street Journal
Indeed, Mrs. May’s weakness is now her greatest leverage. Her success hinges on persuading EU leaders in the coming weeks that the only path to an orderly Brexit in 2019 is to hide the full consequences from the British public until at least 2020.
Mar 26th 2018, 9:43 am
Resident Cynic
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Location: Suffolk,UK; Alentejo, Portugal
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Re: Post EU Referendum
Originally Posted by amideislas
Well, here's the view from wall street;
With a Year to go, Britain Is Still in the Dark Over Brexit | Wall Street Journal
Indeed, Mrs. May’s weakness is now her greatest leverage. Her success hinges on persuading EU leaders in the coming weeks that the only path to an orderly Brexit in 2019 is to hide the full consequences from the British public until at least 2020.
With a Year to go, Britain Is Still in the Dark Over Brexit | Wall Street Journal
Indeed, Mrs. May’s weakness is now her greatest leverage. Her success hinges on persuading EU leaders in the coming weeks that the only path to an orderly Brexit in 2019 is to hide the full consequences from the British public until at least 2020.
One of the deniers will be along in a minute, but I have been tracking Sterling daily against the Escudo since 1998 (more recently by using the fixed conversion from the Euro). The value of sterling in this limited view HAS been lower than it has been recently (periods in 2008-2011), but rarely. This is (by far) the longest sustained "low" against that currency over that entire period. This, against a currency that was never strong and now tied to that "sick man", the Euro.
Now tell me again how this is a normal fluctuation......
Mar 26th 2018, 2:11 pm
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Posts: 191
Re: Post EU Referendum
Originally Posted by macliam
Experts, pah! What do they know?!! (just thought I'd get in first!)
One of the deniers will be along in a minute, but I have been tracking Sterling daily against the Escudo since 1998 (more recently by using the fixed conversion from the Euro). The value of sterling in this limited view HAS been lower than it has been recently (periods in 2008-2011), but rarely. This is (by far) the longest sustained "low" against that currency over that entire period. This, against a currency that was never strong and now tied to that "sick man", the Euro.
Now tell me again how this is a normal fluctuation......
One of the deniers will be along in a minute, but I have been tracking Sterling daily against the Escudo since 1998 (more recently by using the fixed conversion from the Euro). The value of sterling in this limited view HAS been lower than it has been recently (periods in 2008-2011), but rarely. This is (by far) the longest sustained "low" against that currency over that entire period. This, against a currency that was never strong and now tied to that "sick man", the Euro.
Now tell me again how this is a normal fluctuation......
In reality, they fully expected that poor performance which they knew would artificially enhance the international competitiveness of their own economy.
Mar 26th 2018, 2:38 pm
Resident Cynic
Joined: Aug 2013
Location: Suffolk,UK; Alentejo, Portugal
Posts: 7,863
Re: Post EU Referendum
Originally Posted by Golden Years
Since January 1 1999 the escudo has been effectively fixed against the deutschmark and German exporters are very grateful for the poor economic performance of Portugal, Spain, Italy, Greece and others.
In reality, they fully expected that poor performance which they knew would artificially enhance the international competitiveness of their own economy.
In reality, they fully expected that poor performance which they knew would artificially enhance the international competitiveness of their own economy.
Your views betray your prejudice, as most "weaker" economies are now fixing their issues and are showing better growth and employment that the average across the EU. I would remind you that Ireland also fixed it's currency and suffered the same trauma as Portugal, but has now emerged as one of the strongest growing economies in Europe.
The value of sterling has fallen relative to the Euro since the referendum and has remained low for a longer period than at any time during my monitoring.
