Are people still going to be begging for no deal once they've had notices through the door telling them to stockpile food and prepare for power cuts?
You seem aware of all the steps they took to combat the crash but when it happens after a hard Brexit you seem to think inflation will be foremost in their minds, it won't
One of my colleagues used to work for easyjet as a network engineer, he told me they make all their money in the summer months and run at a loss for the rest of the year.
Nothing to do with this thread but cant be arsed with all the doom mongering.
Because I don't think Brexit will be crash. I don't think everything will go tits up in a year with anywhere near the same severity as what happened in 2008. I believe it will be a worsening of private and public finances over time post-Brexit, rather than a crash. Hence a different response from the BoE.
If it were a crash, then yes I would expect the BoE and the Treasury to take whatever steps are most necessary to recover the situation. And like in 2008, inflation would not be at the forefront of the thoughts of the BoE and neither mine nor yours.
Inflation fecks the small man, the BOE will let us eat high inflation, it has since 2008 and there's no reason why it wouldn't now
So if we crash they won't control inflation, which is what I said in the first place
Agree. A mate of mine recently applied at my company
Mate of mine, german passport holder,
A mate of mine
One of my colleagues
So yeah, about that 'mistake'....
So yeah, about that 'mistake'....
Australia is overtaking the UK as the world's second biggest destination for international students, says research from University College London.
https://www.bbc.com/news/education-44872808
It's quite nuts to see all of this stuff slow down before the UK has even left the EU, tell-tale signs that no-deal would be awful for the UK, and yet it's still full steam ahead for them on it.
That is an absolute disgrace - those involved should lose their seats imo
So yeah, about that 'mistake'....
So yeah, about that 'mistake'....
The major central banks have been desperately trying to inject inflation into the system, but failing.No. High inflation fecks everyone. If anything it's one few negative financial metrics that do affect the rich as well as poor. If you mean that they are felt more by the poor, then well...duh. If you're poor anything that hits your finances will be felt with greater impact to your lifestyle that to a rich person.
And what high inflation since 2008? Are you thinking straight? We had one short period with high inflation if I recall in 2010? Heady heights of 4.5% or something. We've had average inflation of 2.7% over the last 10 years. Well within normal rates. And that's despite having to navigate a period where we had a financial system in collapse that required saving, an economy that needed QE to keep operating, a massive budget deficit and finally unemployment figures at double of today's numbers. I'd say all things considered, inflation was somehow kept at pretty low levels despite a highly unstable economy.
https://www.bbc.com/news/education-44872808
It's quite nuts to see all of this stuff slow down before the UK has even left the EU, tell-tale signs that no-deal would be awful for the UK, and yet it's still full steam ahead for them on it.
So yeah, about that 'mistake'....
Cant get past the paywall - care to summarise?
Tories are nasty cheating cnuts?
I feel like this should be a national scandal, so much going on it will probably get swept under the carpet.Basically, yes - acting in bad faith. The Whips were ordering various Tory MPs to ignore an agreement with opposition MPs that they won’t vote on a motion if that opposition MP is unable to vote due to certain reasons (such as maternity leave).
No you didn't. You responded to a message that described a reaction (increasing interest rates) to a gradually weakening currency, while the rest of the fundamentals stay the same. You mentioned nothing of a crash. And you made the assertion that we've been eating high inflation because it's been 0.7% above target. Which is laughable really.
Is it 0.7% or 0.7 points of percentage? The difference is massive and the latter isn't negligeable.
0.7% above target and almost always ahead of wages so yes, we have been eating high inflation
The major central banks have been desperately trying to inject inflation into the system, but failing.
QE hasn't worked as planned cos banks have kept hold of the cash rather than lend it. There have been loads of deflationary forces too- growth has been weak, competitive currency devaluing, end of the Chinese commodity super-cycle, companies hoarding cash etc...
Yada Yada Yada, load of old nonsense
EU publishes document re preparing withdrawal:
https://ec.europa.eu/info/sites/inf...-preparing-withdrawal-brexit-preparedness.pdf
Particularly to be noted in a no deal scenario for those who think things will carry on as normal:
Main consequences of scenario 2: withdrawal on 30 March 2019 without a withdrawal agreement The United Kingdom will be a third country and Union law ceases to apply to and in the United Kingdom9 . Citizens: There would be no specific arrangement in place for EU citizens in the United Kingdom, or for UK citizens in the European Union. Border issues: The European Union must apply its regulation and tariffs at borders with the United Kingdom as a third country, including checks and controls for customs, sanitary and phytosanitary standards and verification of compliance with EU norms. Transport between the United Kingdom and the European Union would be severely impacted. Customs, sanitary and phytosanitary controls at borders could cause significant delays, e.g. in road transport, and difficulties for ports. Trade and regulatory issues: The United Kingdom becomes a third country whose relations with the European Union would be governed by general international public law, including rules of the World Trade Organisation. In particular, in heavily regulated sectors, this would represent a significant drawback compared to the current level of market integration. Negotiations with the United Kingdom: Depending on the circumstances leading to the withdrawal without an agreement, the EU may wish to enter into negotiations with the United Kingdom as a third country. EU funding: UK entities would cease to be eligible as Union entities for the purpose of receiving EU grants and participating in EU procurement procedures. Unless otherwise provided for by the legal provisions in force, candidates or tenderers from the United Kingdom could be rejected.
Yada yada yada something about the poor man
This particularly annoys the hell out of me almost two years and the clowns still haven't sorted anything out and as a UK citizen living in Germany I do not have a clue as to what will happen next March.
What papers will I need, what happens with my pension from the UK and my time in the Army etc. etc. every last one of these so called politicians should be ashamed of themselves.
A referendum is also need to change the name of the country because United Kingdom doesn't work whats united about the UK and Great Britain pull the other one Little Britain fits better.
I got it. You don't understand economics. It's all cool. The poor man though...
You seem aware of all the steps they took to combat the crash but when it happens after a hard Brexit you seem to think inflation will be foremost in their minds, it won't
UK citizens who have moved abroad were always very low on the UK priority list. Now you're forgotten. I doubt you will have a problem staying in Germany but pension etc may be a problem.
Their only intention is to stay in power, what happens to their citizens whether at home or abroad is not important otherwise they wouldn't be continuing with this farce.
I don't see much being sorted out either, they're sleepwalking to disaster.
I dunno. I think the removal of right to free movement was very high on their list, and they are prepared to sacrifice brits living, retiring or working abroad to that end.
