The Pound Slides

[Johnny Lee]

Agree with terry2366 any foreiger who commits serious crime in our country should be deported instantly. Why waste more taxpayers money keeping this scum and very often their families in a comfortable lifestyle.

[Groucho]

Only when they have repaired the damage that the "Leavers" have caused most of us to suffer for will the "Remainers" then put their shoulders to the wheel as well - would you expect more?

Damage? I think you'll find the leavers have done you a great service long-term... will you then buy them a drink? Nope!

What suffering have you encountered? Is it real or imagined? The pound has fluctuated but was already over valued according to many financial boffins.

We haven't left yet and still the whingers who don't like failing to carry an argument cry foul... I don't expect the remain voters to put their shoulders to the wheel... they will continue to attempt to drag the country down to prove their point

The pound will come back strong - Italy is going down the tubes and Portugal and Spain will follow... Euro-zone is severely strained and the UK is better off doing our own thing - trading with whosoever we like when we like and under what conditions we like....

[lee666]

Why is it that people who live or have lived in a democratic society do nothing but whinge when a democratic process has taken place and the result doesn't suit them.

3 weeks now, get over it !!

[waddo]

lee666, I take it that your last post is aimed at me because of the support I have given to the "Remainers", it is your prerogative to post your thoughts and I accept that - now tell me where the whinge is please. I have always stood behind democracy and always will, there was a fair and democratic vote and a result was declared. I have no problem with that at all but let me ask a question. If the vote had gone the other way, would you have then started to support the EU?

Groucho, Will I buy the "Leavers" a drink - what with, now that the pound has dropped in value, so has my income, will I buy myself a drink - not till it goes back up again - if it does.

What suffering have you encountered? Is it real or imagined? When you retire on a limited budget you tend to pay close attention to what is happening around you, the drop in the value of the pound - a direct result of Brexit - has dropped my income by 13%, that is real now imagine that!

"The pound has fluctuated but was already over valued according to many financial boffins." did you get that information from the same source as your post on Wednesday the 6th of July: " The evidence is everywhere in the media - you only have to analyse the statements coming from all directions on the remain platform - if you can't read between the lines then don't blame me... Brexit will not happen..." and if so am I supposed to believe both statements or just the one that suits you?

Have you given any thought to the fact that rubbing the noses of those who fail at something is a true British trait and one that the "Leavers" should not be proud of if they wish to have the whole country behind them? Here I can use a statement from lee666 - 3 weeks now, get over it!! - that cuts both ways. I would like the examples of where the "Remainers" not the current Government, have previously dragged the country down rather than attempted to progress away from the land of hope and benefits?

"The pound will come back strong" - Good, when? "Italy is going down the tubes and Portugal and Spain will follow..." - Proof?, sounds very like another Brexit will not happen from here. "Euro-zone is severely strained and the UK is better off doing our own thing - trading with whosoever we like when we like and under what conditions we like...." - I take it that the UK has already set up trading deals with all the countries that it likes and dictated all the conditions it likes then? Which countries are they and what are the deals and conditions please?

I have no axe to grind with Brexit, I do not live in the UK and apart from my Government pension (taxed at source - which I have already gotten behind before you go there) I have no real affiliation with the UK, more so now that the leader of the FCO is a man who seems to spend his time drinking beer, having a bad hair day and insulting people he will have to deal with in the future. I have not visited the UK in over 9 years and have no intention to do so in the future - too many traffic accidents and senseless killings happening there for me. So if the Brexit fails to produce what it promised then so be it, you will not get a moan from me!

I suspect that if Brexit had not happened then the world would have continued to turn, the Government (of whatever political party was in power) would be blamed for any failures, people would have had more or less money to spend, things would have gone on as normal. I also suspect that this debate would have drifted away and nothing further would have been said unless a disaster struck, at which point the "Remainers" would have been to blame for it.

That is human nature, sadly it is not human nature to query the why, if, when and maybe's of things - unless it is football of course! I like to ask questions to further my understanding of things but I will never hesitate to point out facts, if facts do not agree with your view on life that is up to you but I will not stop asking for information. However, no matter what I ask it seems the only reply I will ever receive is "We won, You lost, Get behind it" followed by dreams of a future I really do hope comes true but one which has no visible plan at this time, apart from hope!

[topten]

"Onwards and upwards from now on" - Well lets be fair, the only two things the "Leavers" can do to regain credibility with the "Remainers" is:

1. Work to get both sides back to where we were before they forced everyone to jump over the cliff.

2. Work even harder so that the finance the "Remainers" have lost is regained.

Only when they have repaired the damage that the "Leavers" have caused most of us to suffer for will the "Remainers" then put their shoulders to the wheel as well - would you expect more?

Until then, the repeated comments about how good things are getting and how much better they will be in the future are just smoke and mirrors with a strong flavor of guesswork and hope. The "Leavers" seem to have forgotten the old saying: There no such thing as a free lunch!
As an analogy:

Are you on glue? and the next question do you live in the UK?

[David]

A weaker pound will be of great benefit to many businesses not to mention all the people that have TL accounts and may want to change back to sterling one day.

[lee666]

All

As I have said many times before, it's over. The process has taken the course of action that was required, the Remainers thought they had it in the bag. On this and other threads there are no longer LEAVERS or REMAINERS. Yesterday our new PM said the we would go forward as Conservative Government & Unionists together, not LEAVERS & REMAINERS.

Had the Remainers won, totally wrong. I believe in winners & losers and had the Leavers lost, I know I would have accepted it (maybe with a few profanities) but I KNOW after 3 weeks it know it would be HISTORY in my mind.

The PM has chosen a cabinet from both sides and for ANYONE waiting for them to fail in any way, shape or form is just not cricket (that's putting it nicely).

It's a our new life outside the EU (eventually), yes a little bit unknown and no I don't have all the answers but I a supporter of the U.K. and the choices that are taken democratically on my behalf.

All, that's it I am done and this will be my closure on the whole moaning episode.

[waddo]

Lee666, I have no wish for the new Government to fail in anyway, I am more than happy for the country to go onward and upwards into a position of great world power. As a retired person who lives in the TRNC - I guess that topten missed that bit in my last post - I have little to no impact on the future of the UK. The best I can do for it is to stay here and not keep nipping back and forth to get the best deal out of the NHS (as an ex serviceman I could do that but I left for good, my decision) without putting anything in! I do hope it all works out well and that the future is bright for all - but I am too old to changes horses in mid gallop and voted to remain for fear of the unknown and my own future, what is wrong with that I ask, everyone else did exactly the same no matter which way they voted - think about it!

You are correct, "It is over - it is also the beginning". So long as nobody pokes anyone with a stick it will stay that way it will be a long and happy future.

Topten - no. I am on experience, want some?

[Rosehillgirl]

A weaker pound will be of great benefit to many businesses not to mention all the people that have TL accounts and may want to change back to sterling one day.

Sadly it won't be of much comfort to the families with kids struggling on minimum wage-surviving through charitable food banks-whose numbers have exploded in the poorer parts of the UK.

If the pound drops then everything we import costs more-including fuel, food, clothes etc. We couldn't survive as a country without imports-we import something like 60% of our food.

It may get better after many years of turmoil-but that's of little comfort to very poor people.

[Groucho]

Groucho, Will I buy the "Leavers" a drink - what with, now that the pound has dropped in value, so has my income, will I buy myself a drink - not till it goes back up again - if it does.

What suffering have you encountered? Is it real or imagined? When you retire on a limited budget you tend to pay close attention to what is happening around you, the drop in the value of the pound - a direct result of Brexit - has dropped my income by 13%, that is real now imagine that!

Waddo,

How long have you lived here and what was the exchange rate when you decided to live on your limited budget? If it was better for you than it is now I will be very surprised....

When we moved here in 2005 the exchange rate was £1 = 2.4TL.. now it's 3.87TL... so although the highs of nearly 5TL are a thing of the past for now we can't in all honesty claim that we are worse off then when we decided to move here... how about you? If you only want the gains but none of the drops then that's not a realistic plan for retirement here?

[waddo]

Grouch, I really do hate repeating myself just because others can not be bothered to do their own research, so if you want to know what the exchange rate was when I moved here and how long I have lived here then "research" and read the posts I have made.

One thing you seem to have missed by the way - when you moved here and the exchange rate was 2.4, how much was a liter of fuel or a can of beer or (when you could find it) 250 gms of butter. The only time I have ever known prices of consumables to drop here in the past 16 years is when the price of oil dropped and even then it really only had an effect on fuel and gas! As a small example: When we first came here the small green gas bottle was 12TL now it is 47TL - do your magic math against the rise in consumer prices and the fall in sterling value.

In any case I have never claimed that I am worse off now than when I decided to move here, that is simply not true and a false spin on the comment I made. I said: "the drop in the value of the pound - a direct result of Brexit - has dropped my income by 13%", you can read it anyway you like but it is still true!

If, when you plan for retirement, you know what your projected income will be and you factor in a % for price increases plus a minor % for increases in pensions then you have a realistic plan for retirement. Of course if you have a lump sum to invest you also have that safety buffer you can drop back on in emergency, if you have no lump sum then you watch and cut your cloth accordingly. It is not rocket science to live within your means, comfortably, provided you have planned ahead. It may take you some time to reach a point where you are "comfortable" but if you stick with the plan there is no reason why you can not make it there - it took us 7 years but we made it to being "comfortable". However, our comfortable may not be the same as others, we are happy with our simple lives with a pool and going out once a month instead of every other night. We are happy to eat what most people call "local food" because we are local and will live here till it is box time. I could go on and on but there is no point in it, you will always go back to how it was and not see how it is now and what the future might hold!

The whole debate has become pointless when you will attempt to make small of my facts but totally ignore the content of post number 59 in this thread - the whole Brexit thing is not about a scattered handful of expats in another country, it is about the UK and the fall out that the people there and abroad have to cope with. Although I voted remain I still hope that Brexit will - in the long term that many may not have - have a satisfactory impact on peoples lives. My only concern for myself and millions of others is that the long term may be too long to nullify the initial effects of re-building a Nation.

I will continue to look at the big picture but this thread of "The pound slides" has now become a waste of time - start a new one by all means but start it on facts and let us all debate what is happening now and not what it was like in the "good old days". Try this - What do you think about the role of the FCO now and how will it effect you?

[David]

Need to rename this thread as the £ is not sliding anymore, seems that all the scaremongering was without any basis even Mark Carney got in on the act of trying to bully the public into voting remain.

[waddo]

As a last comment - can we start a new thread please that deals only with the NOW and the FUTURE. It matters not what has happened in the past, what is done is done, both sides told lies to sway a public vote one side had lies that were better than the others and the other side had lies that were harder to understand.

The people are fickle springs to mind - lol.

[Groucho]

"...In any case I have never claimed that I am worse off now than when I decided to move here, that is simply not true and a false spin on the comment I made. I said: "the drop in the value of the pound - a direct result of Brexit - has dropped my income by 13%", you can read it anyway you like but it is still true! "

Waddo

Well you said it "I have never claimed that I am worse off now than when I decided to move here, that is simply not true"

False spin? I think you need to look in the mirror...

You are picking your facts to suit your persistent groaning about the leave vote ... The clear inference of your statement was that you are worse off because of the leave vote - in isolation this is true as at this point in time for a period of a couple of weeks so far but a false argument like so many of the remain arguments simply because it does not take into account the natural fluctuations of the exchange market... if the rate had increased would you have bothered to say "whey-hey thanks!" To the leave voters? No....

... "the whole Brexit thing is not about a scattered handful of expats in another country..."

Well forgive me for pointing this out but I think you made it so ... you personalised and made it parochial with your own loss of exchange values I would argue that your 'facts' do not hold water because if you are better off in exchange terms than you were when you came here... the recent drop is irrelevant to this argument...

You can't blame the leave vote for prices increasing here - or maybe you feel you can.... A bit of a stretch if you ask me... But just in case you had not noticed prices have increased globally so being here is not the issue is it?

"I will continue to look at the big picture but this thread of "The pound slides" has now become a waste of time - start a new one by all means but start it on facts and let us all debate what is happening now and not what it was like in the "good old days". Try this - What do you think about the role of the FCO now and how will it effect you?"

As for you continuing to look at the big picture I don't think you are.... the big picture includes the past - if not how else do you judge your financial status now....?

It was you who brought up the spectre of exchange rates being 13% down not me - so I stated some facts (exchange rate history) which you have chosen to declare not pertinent because they don't suit your narrative of being worse off and it's all the fault of the leave voters... Hmm..

[waddo]

Groucho, I give up! I have not bothered to read your persistent diatribe and will no longer reply to any of your posts as once you have decided you are right there is no longer any reasoning with you. Enjoy your life.

[waz-24-7]

It seems rather futile to explain to the hard line BREXIT camp that we are indeed worse of right now than we were a few weeks ago.
Sterling as a trading currency has collapsed in value in relation to its value 2 weeks ago. The reasons are clear and have been well documented and predicted. The scaremongering is now history. It has happened!!
The ongoing effects of this will emerge over the next weeks and months as potential negative economic growth and recession emerge.
Certainly, the ship, after BREXIT is a now a little more steady but we are, in my view, still in for a rough ride.
Housing sales have shown a marked decline in last weeks. Manufacturing output in Automotive is reported down.
The UK economy was certainly on a good footing 2 weeks ago after a long hard and tough climb out of recession.
The self inflicted damage that is currently evident is very disappointing but was always predicted and on the cards.

[topten]

It seems rather futile to explain to the hard line BREXIT camp that we are indeed worse of right now than we were a few weeks ago.
Sterling as a trading currency has collapsed in value in relation to its value 2 weeks ago. The reasons are clear and have been well documented and predicted. The scaremongering is now history. It has happened!!
The ongoing effects of this will emerge over the next weeks and months as potential negative economic growth and recession emerge.
Certainly, the ship, after BREXIT is a now a little more steady but we are, in my view, still in for a rough ride.
Housing sales have shown a marked decline in last weeks. Manufacturing output in Automotive is reported down.
The UK economy was certainly on a good footing 2 weeks ago after a long hard and tough climb out of recession.
The self inflicted damage that is currently evident is very disappointing but was always predicted and on the cards.

Nothing is being said about the fact that before Thatcher was in power, people bought houses at inflated prices then when she took over and the economy plummeted sold at negative equity. And the recession you talk about in the above what "if you cannot blame Brexit " caused this?

[Soner]

TRY 3.98 this morning, probably due to issues in Turkey last night. A jump of almost 20p overnight.

[turtle]

This just proves how volatile the money markets are......someone sneezes and everyone panics ?

[waz-24-7]

It seems rather futile to explain to the hard line BREXIT camp that we are indeed worse of right now than we were a few weeks ago.
Sterling as a trading currency has collapsed in value in relation to its value 2 weeks ago. The reasons are clear and have been well documented and predicted. The scaremongering is now history. It has happened!!
The ongoing effects of this will emerge over the next weeks and months as potential negative economic growth and recession emerge.
Certainly, the ship, after BREXIT is a now a little more steady but we are, in my view, still in for a rough ride.
Housing sales have shown a marked decline in last weeks. Manufacturing output in Automotive is reported down.
The UK economy was certainly on a good footing 2 weeks ago after a long hard and tough climb out of recession.
The self inflicted damage that is currently evident is very disappointing but was always predicted and on the cards.

Nothing is being said about the fact that before Thatcher was in power, people bought houses at inflated prices then when she took over and the economy plummeted sold at negative equity. And the recession you talk about in the above what "if you cannot blame Brexit " caused this?

TOPTEN wrote:
Nothing is being said about the fact that before Thatcher was in power, people bought houses at inflated prices then when she took over and the economy plummeted sold at negative equity. And the recession you talk about in the above what "if you cannot blame Brexit " caused this?[/quote]

The current situation cannot be put down to any other reason than BREXIT. In the 80's we saw an inflationary bubble in house prices that was unsustainable hence the crash. The recession of 2008 was brought on by irresponsible trading of debt. The USA property market became infested with unsecured debt that was traded as a commodity until it all failed catastrophically.
The clear declines in recent weeks have been forecast and the road map is becoming more clear with time.
Today's movement of the tl is because of the turmoil in turkey.
The future now depends by enlarge upon what our new government can negotiate with the EU. I fear that we are somewhat on the back foot but the next months to Christmas will be critical as single market access and movement of labour is discussed.

[PoshinDevon]

Markets are volatile and uncertainty does not sit well.

As was forecasted after Brexit over 3 weeks ago, the value of the pound would fall.

However, 3 weeks on and the £ has not collapsed, its holding its own, the FTSE is strong and whilst there is some way to go it will eventually find its level again.

The doom and gloom is all getting tiresome and judging by the lack of postings on this subject compared to 2 weeks ago many are becoming bored with the world has or will end, things will get worse, etc etc.

Its not perfect yet and lets be honest you will never satisfy everyone........many will want more but despite it all the UK is OK. I for one am no longer going to bother reading about the million and one different scenarios which could, may, will or possibly see the UK slide downhill. Its a yawn.

[waz-24-7]

Markets are volatile and uncertainty does not sit well.

As was forecasted after Brexit over 3 weeks ago, the value of the pound would fall.

However, 3 weeks on and the £ has not collapsed, its holding its own, the FTSE is strong and whilst there is some way to go it will eventually find its level again.

The doom and gloom is all getting tiresome and judging by the lack of postings on this subject compared to 2 weeks ago many are becoming bored with the world has or will end, things will get worse, etc etc.

Its not perfect yet and lets be honest you will never satisfy everyone........many will want more but despite it all the UK is OK. I for one am no longer going to bother reading about the million and one different scenarios which could, may, will or possibly see the UK slide downhill. Its a yawn.

Posh
Sorry I must disagree.
The pound is holding its own certainly...at a level not seen for 30 yrs!! The single biggest self inflicted crash in history.
You are correct that posts have dwindled as BREXIT voters have just lost interest in what they have voted for and the damage caused.
Like Mr Johnson and Mr Farage. Someone else will surely tidy up afterwards. Your own yawns are clearly in line with the other deserters.

I remain focused on what needs to be done and whilst a level of optimism is present. Your notion of perfection is s considerable way away in my opinion. We have all already been hit financially. I believe it could get a lot lot worse. Our Government and PM have a monumental task ahead and it will be the "Remain camp" that will clear up the mess.

[lee666]

Talk about flogging a dead horse, waz-24-7 will you still be moaning in two years time.

It's done, over three weeks ago. In case you have forgot there was a Referendum to remain or leave the EU, around 1.5m more people voted to leave. Not sure what you are trying to achieve to be honest.

Whether it is a monumental or not we are on our way to LEAVE Europe. I hope you have a whole lot of humble pies lined up because my friend you will need them.

[turtle]

There is no changing Waz's mind im afraid.
However The man stay's in business I will never know......such a negative thinking soul is sure to fail.

I think its time Waz tells us what he really does for a living and how he really earns his money.......it has got to be wrapped up in the EU dinosaur for sure.

[waz-24-7]

There is no changing Waz's mind im afraid.
However The man stay's in business I will never know......such a negative thinking soul is sure to fail.

I think its time Waz tells us what he really does for a living and how he really earns his money.......it has got to be wrapped up in the EU dinosaur for sure.

Turtle,
I am not sure the relevance of what I do for a living. However, Like most UK businesses', ours is intrinsically liked to winning business from around the world including the European single market. I am hopeful that our NEW "REMAIN" government will be able to negotiate a BREXIT that allows that to continue the ongoing success.

I fear your own continued and clear animosity towards the EU will certainly not help either you or me

[waz-24-7]

Talk about flogging a dead horse, waz-24-7 will you still be moaning in two years time.

It's done, over three weeks ago. In case you have forgot there was a Referendum to remain or leave the EU, around 1.5m more people voted to leave. Not sure what you are trying to achieve to be honest.

Whether it is a monumental or not we are on our way to LEAVE Europe. I hope you have a whole lot of humble pies lined up because my friend you will need them.

Not Moaning just making the point that seems to continually be denied, ignored or just not bothered about any more.
The UK and its people are currently significantly worse off than it was 2 weeks ago.

Would you like to offer some alternative facts. Humble pie is no issue for me but give me some clear facts and ill gladly line them up.

On the "leave Europe ticket" I do hope we are able to negotiate a good exit deal. One that many will not be in the slightest bit interested in.
At least the Government is in the remain camp so are able to see through a "remain" type deal.

[lee666]

waz-24-7, I know I speak for others only because they are sick of all your negativeness. We have to move forward, we cannot help you to keep you flogging the same horse & topic after topic.

It's three weeks that's all, for me a favour and come back in 12 months and if the UK is no better off then I promise I will take you to a restaurant of your choice and wine & dine you.

I DO NOT know what the future holds but I am happy to see how things develop, you will not see how things will develop because, you are stuck n the tunnel. waz get over it, surely even you want what's best for the UK ??

[waz-24-7]

waz-24-7, I know I speak for others only because they are sick of all your negativeness. We have to move forward, we cannot help you to keep you flogging the same horse & topic after topic.

It's three weeks that's all, for me a favour and come back in 12 months and if the UK is no better off then I promise I will take you to a restaurant of your choice and wine & dine you.

I DO NOT know what the future holds but I am happy to see how things develop, you will not see how things will develop because, you are stuck n the tunnel. waz get over it, surely even you want what's best for the UK ??

Lee
This post lacks any meaningful content.
I did ask you for some facts to support your notion that I should line up the humble pies.
May it be that my forecasts have emerged to be rather more correct and that you indeed should line up the pies.
I assure you I am not stuck in any sort of tunnel. I continue to move forward and seek success daily.
What exactly do I "get over" I am over the BREXIT vote certainly. It is now the aftermath.
As to the UK better off. Yes, I too hope for that. If in 12 months time the UK economy is +2% from 23rd June then I am "over it"
This is a debate and your speaking for others is totally unqualified.
Your own views, as are mine are freely expressed. That is debate.

[turtle]

There is no changing Waz's mind im afraid.
However The man stay's in business I will never know......such a negative thinking soul is sure to fail.

I think its time Waz tells us what he really does for a living and how he really earns his money.......it has got to be wrapped up in the EU dinosaur for sure.

Turtle,
I am not sure the relevance of what I do for a living. However, Like most UK businesses', ours is intrinsically liked to winning business from around the world including the European single market. I am hopeful that our NEW "REMAIN" government will be able to negotiate a BREXIT that allows that to continue the ongoing success.

I fear your own continued and clear animosity towards the EU will certainly not help either you or me

For once in your debating life could you please try to answer a question at some point ?

[PoshinDevon]

Waz

You really have failed to understand the mood.

People are bored with your constant negativeness and posts. There is no sensible debate with you, just another negative post with another meaningless question, with no acknowledgement that there are some good news as a result of the vote to leave the EU. Hence many have drifted away from this topic.

Your talk about the remain camp having to clear up the mess really is just daft and not worth comment. The new cabinet has a good mix of those who voted to remain and those who voted to leave. Plus two out of the three conservatives who were high profile leaders in the leave campaign have cabinet jobs. It could be argued that the appointment of Mr Johnson as Foreign Secretary could be seen as a master stroke by the new PM.....time will tell of course. Only Mr Gove missed out......some may say rightly so given the way he went about his PM leadership campaign post the vote.

Its 3 weeks on now, most of us are looking forward not backwards and are more interested in how future discussions pan out with regards to submission of article 50 and our exit from the EU, which will happen of that there is no doubt. Still lots to be sorted out, but despite your doom and gloom the £ is holding its own just fine, the FTSE remains strong, many countries outside the EU are forming a queue to negotiate trade deals with the UK. Australia, New Zealand and India to name just three.

Companies are not deserting the UK, far from it. Some are coming to the UK and others are confirming there intention to stay and invest more.

Boeing are relocating their entire European Operation to London.
Aston Martin plan to build a state of the art car plant in Wales.
TVR are bringing their car factory to South Wales.
AVON is bringing its base to the UK.
And Jaguar Land Rover just built a new massive special vehicles ops in Ryton Coventry ........... Replacing most of the jobs lost to Peugeot closing and being relocated to Slovakia courtesy of the EU paying for the factory.




Time now to embrace the decision made by the voting public and look forward to the future with positivity.

[lee666]

Just go add to the above list;

Japanese Company buy ARM today for £24 billion and intend to expand operations in the UK and create more jobs in Cambridge.

Sorry waz, positive news for the UK but I'm sure you'll turn it into a negative.

[turtle]

Mr Negative

[Dalartokat]

Poundland taken over by South African firm Steinhoff, who are established already in UK, wouldn't invest more if they thought we were not doing well.


http://www.express.co.uk/finance/city/6 ... -sold-deal

[kibsolar1999]

well, a sellout of british companies (which will invest their money where??) you take as a "positive message"?

keep in mind that the japanese company has plenty of cash and the purchase was 30% cheaper as it would have been a year ago.
maybe, they do not expect that the GBP will slide more...
a possible reason: an application for brexit has not been done, yet. eg, maybe theresa can not get the brexit application through the parliament.

to my opinion, if an application will come, then the GBP will slide "slowly" over next 2 years after application...
every possible "bad news", eg, about interest rates (which will be 0 soon), imports-exports, industrial production, debts or eg, the annoucement that a new 3000 jobs in civil service are needed to deal with all the new issues, but where to find experts?.... and so on, another 0,5 to 1%.

maybe other companies expect just that and relocate to a "low wages country", where the GBP is 1:1 to the euro and minimum wage will be the same as eg, spains.. or 20-30% lower as in germany..


no, not all must be bad, but Waz does not predict the doom, he predicts a significant drop in GNP.

that alone also is not necessarily very bad, but i fear that especially those who can not contribute to the "new society" (as eg,pensioneers, poors or sick) are the ones which are not ready for that and have the biggest disadvantages...
(not to say expats.. but who will care in "the new britain" for expats?)

[kaiserphil]

Well, you just carry on and enjoy your "wonderful, multi-cultural Europe".

In the meantime we have just had another axe-wielding "refugee" attacking people on a train near Würzburg.

Have a nice day .......

[madeincyprus]

For once i have nothing to say. and if i did it would not be nice .

[waz-24-7]

Waz

You really have failed to understand the mood.

People are bored with your constant negativeness and posts. There is no sensible debate with you, just another negative post with another meaningless question, with no acknowledgement that there are some good news as a result of the vote to leave the EU. Hence many have drifted away from this topic.

Your talk about the remain camp having to clear up the mess really is just daft and not worth comment. The new cabinet has a good mix of those who voted to remain and those who voted to leave. Plus two out of the three conservatives who were high profile leaders in the leave campaign have cabinet jobs. It could be argued that the appointment of Mr Johnson as Foreign Secretary could be seen as a master stroke by the new PM.....time will tell of course. Only Mr Gove missed out......some may say rightly so given the way he went about his PM leadership campaign post the vote.

Its 3 weeks on now, most of us are looking forward not backwards and are more interested in how future discussions pan out with regards to submission of article 50 and our exit from the EU, which will happen of that there is no doubt. Still lots to be sorted out, but despite your doom and gloom the £ is holding its own just fine, the FTSE remains strong, many countries outside the EU are forming a queue to negotiate trade deals with the UK. Australia, New Zealand and India to name just three.

Companies are not deserting the UK, far from it. Some are coming to the UK and others are confirming there intention to stay and invest more.

Boeing are relocating their entire European Operation to London.
Aston Martin plan to build a state of the art car plant in Wales.
TVR are bringing their car factory to South Wales.
AVON is bringing its base to the UK.
And Jaguar Land Rover just built a new massive special vehicles ops in Ryton Coventry ........... Replacing most of the jobs lost to Peugeot closing and being relocated to Slovakia courtesy of the EU paying for the factory.




Time now to embrace the decision made by the voting public and look forward to the future with positivity.

Posh,
I have clearly indicated that a degree of positivity exists within the UK at this moment as people including myself now acclimatize to the new playing field.
I continue to express the view that the BREXIT has left a mess and that the leaders have deserted the ship. Many , I think, are left bewildered and disappointed in the aftermath as the damage becomes apparent and the BREXIT ship flounders.

I have also clearly stated that it will take until at least Christmas for a truer picture to emerge.
Your comment upon example businesses and their intentions is far far too early. These are large multi nationals and they will not take any quick or drastic action any time very soon. Article 50 has not even been implemented yet.
My own and clear view that the picture will not be clear for many months.
Some people are quoting even slight movements in markets and or currencies as reason to break out the bubbly and for me to eat humble pie.
I am afraid that view is totally short lived and not reflective at all.
Your opinions upon other peoples views are not qualified and or proven.

[waz-24-7]

Just go add to the above list;

Japanese Company buy ARM today for £24 billion and intend to expand operations in the UK and create more jobs in Cambridge.

Sorry waz, positive news for the UK but I'm sure you'll turn it into a negative.

Lee
Your understanding of commerce, industry and economics is somewhat lacking.
Yes the Japanese have bought ARM. This to me is a loss to the UK economy long term as overseas companies and people buy up our assets.
The loss of UK control of an asset such as ARM has not so good consequences as profits and intellectual property migrate offshore to the owners.
ARM is a real success story for the UK and it has been on the takeover target list for past 12 years or so.
As I have said and made clear.
Time will tell upon the outcome of BREXIT. As said ..By Christmas the economic picture will be more clear and we can take stock.
Our Government will have completed or at least be negotiating terms of BREXIT with the EU.

More jobs in Cambridge is great news and you are right to celebrate this.

[turtle]

Waz
The Brexit leaders have not deserted the ship as you put it where on earth did you dream that one up ?

The Brexit campaigners and leaders have no juristdiction with the elected UK government so all they can do is campaign as they did and get the UK public to vote as they did and the rest is up to the elected people to carry it through....which they are starting to do now.

The only person to jump ship is the bloke with a yellow streak down his back David Cameron....he tells us all how proud he is of Britain and how he has been proud to run this brilliant country .......... then cowardly runs away and sends the markets in to decline even further than it should have.....the blokes a creep and should disappear from politics completely in my opinion.


Oh and by the way take another look at the cabinet Waz....it certainly is not a "Remain" cabinet.

[waz-24-7]

There is no changing Waz's mind im afraid.
However The man stay's in business I will never know......such a negative thinking soul is sure to fail.

I think its time Waz tells us what he really does for a living and how he really earns his money.......it has got to be wrapped up in the EU dinosaur for sure.

Turtle,
I am not sure the relevance of what I do for a living. However, Like most UK businesses', ours is intrinsically liked to winning business from around the world including the European single market. I am hopeful that our NEW "REMAIN" government will be able to negotiate a BREXIT that allows that to continue the ongoing success.

I fear your own continued and clear animosity towards the EU will certainly not help either you or me

For once in your debating life could you please try to answer a question at some point ?

The question is please?

[waz-24-7]

Waz
The Brexit leaders have not deserted the ship as you put it where on earth did you dream that one up ?

The Brexit campaigners and leaders have no juristdiction with the elected UK government so all they can do is campaign as they did and get the UK public to vote as they did and the rest is up to the elected people to carry it through....which they are starting to do now.

The only person to jump ship is the bloke with a yellow streak down his back David Cameron....he tells us all how proud he is of Britain and how he has been proud to run this brilliant country .......... then cowardly runs away and sends the markets in to decline even further than it should have.....the blokes a creep and should disappear from politics completely in my opinion.


Oh and by the way take another look at the cabinet Waz....it certainly is not a "Remain" cabinet.

Turtle.
A dreamt that BORIS withdrew from the PM contest and that Mr Farage had resigned from leadership.

I am amazed that you hold the view against Mr Cameron. You voted against him and now think he is wrong to resign!!
Cake and eat it I think.

I am happy with the Government we now have . May was my favoured choice and I think she will negotiate hard upon terms with the EU.

[turtle]

Waz
The Brexit leaders have not deserted the ship as you put it where on earth did you dream that one up ?

The Brexit campaigners and leaders have no juristdiction with the elected UK government so all they can do is campaign as they did and get the UK public to vote as they did and the rest is up to the elected people to carry it through....which they are starting to do now.

The only person to jump ship is the bloke with a yellow streak down his back David Cameron....he tells us all how proud he is of Britain and how he has been proud to run this brilliant country .......... then cowardly runs away and sends the markets in to decline even further than it should have.....the blokes a creep and should disappear from politics completely in my opinion.


Oh and by the way take another look at the cabinet Waz....it certainly is not a "Remain" cabinet.

Turtle.
A dreamt that BORIS withdrew from the PM contest and that Mr Farage had resigned from leadership.

I am amazed that you hold the view against Mr Cameron. You voted against him and now think he is wrong to resign!!
Cake and eat it I think.

I am happy with the Government we now have . May was my favoured choice and I think she will negotiate hard upon terms with the EU.

Waz I really can not follow what you are saying...
Do you not think a behind closed doors deal was not done for Boris?... or are you under the impression Theresa took pity on him or even maybe she wants to keep her enemies a bit closer which one is it ?.
Farage's work is done... he got what he wanted all along, he was never going to figure in any Brexit negotiations so why hang around.
Cameron some time last year said that he will fight for a better deal for the UK and if he didn't get one he would respect the will of the people......some respect.......May was a remainer she didn't resign....Osbourne was a remainer he didn't resign and a whole lot more remainers didn't resign so why should that clown resign.

To be honest I sometimes think you argue just for the sake of it.

[PoshinDevon]

Waz

Your posts to me just seem a lot of smoke and mirrors and you carefully sidestep answering any questions posed by others. You said a few weeks back that the Brexit leaders were all deserting the ship.....yet two of the main conservative high profile Brexiters are in the cabinet, along with a good mix of leave and remain. So they have and did not desert the ship. You talk of the remainers having to clear up the mess .....how you come to this conclusion is beyond me. The cabinet is a healthy mix.

You ignored the fact that a simple search on the net will show many countries looking to trade with the UK, many companies investing or looking to expand in the UK, the pound holding firm and the FTSE on a high. This is all based on the fact that our new PM has confirmed the UK will be leaving the EU. Brexit will happen, article 50 will be triggerred.

My posts are valid despite your comments to the contrary.

[lee666]

PoshinDevon

I have not come across many characters like our 'waz'.

Only time will throw up 'what will be, will be', waz will turn any positive into a negative. There will always be a 'yeah but', 'what if' n his eyes.

It s only 26 days since the vote, there will probably be another 60 days until Article 50 is triggered, then and only then we will have 730 more days to complete the exit from the EU. So I ask is 26 days enough time to weight things up. I don't think so but I am sure waz will put me right.

If all the Remainers stopped trying to talk our country down and supported the democratic decision that we came to then I reckon we would have exited by now.

I have witnessed many events in my lifetime , winners & losers but have never come across such sore losers in all my life. Since 5.40am on 26th June they have done nothing but whinge.

PoshinDevon, your quotes above are right. Countries are lining up and the bosses in the EU are getting spare pants lined up in readiness for the domino effect that could strike at an time.

[turtle]

Like I said earlier....An ulterior motive under the surface here, trade within the EU that is going to hurt him in what is probably his already fat wallet ...
He never did answer the question about his business ?

[PoshinDevon]

PoshinDevon

I have not come across many characters like our 'waz'.

Only time will throw up 'what will be, will be', waz will turn any positive into a negative. There will always be a 'yeah but', 'what if' n his eyes.

It s only 26 days since the vote, there will probably be another 60 days until Article 50 is triggered, then and only then we will have 730 more days to complete the exit from the EU. So I ask is 26 days enough time to weight things up. I don't think so but I am sure waz will put me right.

If all the Remainers stopped trying to talk our country down and supported the democratic decision that we came to then I reckon we would have exited by now.

I have witnessed many events in my lifetime , winners & losers but have never come across such sore losers in all my life.

Since 5.40am on 26th June they have done nothing but whinge.

PoshinDevon, your quotes above are right. Countries are lining up and the bosses in the EU are getting spare pants lined up in readiness for the domino effect that could strike at an time.

I am sure that many of us on this forum have been both winners and losers.....whether that be my preferred political party not winning an election, my favourite football team not winning, etc etc. Whilst I may not be happy with the outcome, I accept what has happened.

I love the UK despite many things that frustrate, the decision to leave the EU was a brave one. All I want is that we embrace the future and move forward positively - I firmly believe this is a great opportunity for the UK. Democracy and the people have spoken, the UK will leave the EU. Lets hold our heads high because there are many others who envy what we have done.

[Hedge-fund]

Spotted this picture of waz at work


http://lake.blogs.com/.a/6a00d834526548 ... 3988834-pi

[Hedge-fund]

Like I said earlier....An ulterior motive under the surface here, trade within the EU that is going to hurt him in what is probably his already fat wallet ...
He never did answer the question about his business ?

His wallet can't be that fat - he hasn't donated anything to tulips as yet

[waz-24-7]

Like I said earlier....An ulterior motive under the surface here, trade within the EU that is going to hurt him in what is probably his already fat wallet ...
He never did answer the question about his business ?

His wallet can't be that fat - he hasn't donated anything to tulips as yet

Thank you. Another stupid comment appears out of the woodwork!!
No need!!
The discussion/debate appears to have turned into a vindictive attack upon my views and indeed person.
The tile of the debate is
THE POUND SLIDES.
The fact is it has and that is fact.
The last several posts are stupid and without serious content.
Those feeling that they need to prop up their decisions to inflict this slide then please carry on and debate.

I simply reiterate my view that it is far too early to read the effect of BREXIT on the economy. The effects will emerge more certainly by Christmas and next year. The forecasts is for a marked reduction in growth.
Finally as Turtle pushes me to answer.
I work within a very successful UK based and owned multi million pound business that operates as a tier 1 supplier within the Automotive industry.
Our customers, employees. and owners are from 11 different nationalities and we work as a team for the betterment of ourselves, our families,, our colleagues and for Planet Earth. Hope that answers that question once and for all.
Hedge Fund your stupid comments should be destined to the bin. My and my business charitable efforts would dwarf your own without doubt. I need not qualify or quantify our efforts. The size of my wallet is clearly of interest to you. I suspect it is rather bigger than yours. I hope that helps.

[turtle]

Thank you Waz
That answers my question perfectly and leaves me in no doubt whatsoever.