dbr10
Well-Known Member
It made you poorer
It made you poorerBut the sky still did not fall down.
Do you have the figuresBut nowhere near as bad as the collapse of the pound at the end of (I think it was) 2007. If my memory serves me right, the pound slowly went from 1.5 to the Euro almost to parity not in a day but over several months. A big one day fall is rarely a big fall per se.
It made everyone in the country who could not protect themselves poorer; and it took us from the 5th biggest economy to the 6th, overtaken by FranceExcept for those folk who were about to cash in their pension plans. I don't suppose the future looked very bright for them.
I don't think you quite understand the situation. Our trade with them is IIRC over 40 pc; there's with us is around 15pc. They will take a hit, but they won't compromise to help us. They are more concerned with maintaining the integrity of the EU and it's rules. They are looking after EU27 interests, not ours.
Still has his knighthood. Crooks are protected, not dealt with.I agree on that point. Phillip Green needs to be prosecuted and pdq!
It wouldn't be licensed to be used hereAnd would you trust China to supply your insulin?
Evidence?Single day drop...yes.
However, it could be argued that sterling was very much over valued .
Well done. Most people didn't benefit thoughIt didn't.
The rise in relative value of my $shares sent us all off for an excellent holiday...
Happy days...
Sick man of Europe in relative economic decline. Study supply chains. In particular JIT.How did we survive before the EU was imposed on us?
I sit on BS/EN tech committees, I've got meetings agree and planned for well into 2019.
The world will continue.
Does anyone on this site truly believe that their supply of insulin, metformin, bananas and French wine will be effected post Brexit?
Give over.
That's not the problemCouldn’t agree more, the big producers of insulin and other meds will all protect their businesses and their lovely exports to the UK
I think we will be better out of it , we don't need the eu , but they do need us , the gravy train for a starter .Because it will make the bad worse and what was good will be lost.
But don't worry I'm sure dear Mrs May will share her stash of insulin with every one and cousin Boris will make sure every thing turns out well for the jingoistic xenophobes of this nation
Exactly right Tim.The big difference being, of course, that from the peak of 2007 to the trough of 2009, there was a systemic financial global crisis going on.
The one day drop incurred a hit that has also gotten bigger, and from whence we have yet to see a recovery. Most of the FX market expects further drops post a no-deal brexit. And of course this is a purely UK driven effect.
It will push up prices and make everyone poorer. We don't know what is going to happen with ItalyWe have nothing to worry about on the FX score.
If sterling and the Euro hit parity again, it's not the end of this or any other world.
I'd be paying more attention to Italy...now THAT is a big deal.
Maybe Dave is richDepends on whether you consider a double whammy of increased prices as a result of FX parity and increased duty as a result of no-deal brexit "nothing to worry about"....!
You still don't realise how complicated all this is. How is that?No!
But I will die of boredom if they DONT get on with it!!
No. We have tariff free access to the EU at the moment. Tariffs will only increase without a proper deal.Duties could equally reduce.
The facts are that no one knows the facts
You are too young to remember the Millenium Bug that was supposed to happen as the year 2000 dawned and computers didn't know if it was 2000 or 1900 as they only worked on the last two digits. For months before analysts speculated that entire computer networks would crash, causing widespread dysfunction for a global population that had become irreversibly dependent on computers to hold, disseminate and analyze its most vital pieces of information. What actually happened was that nobody noticed. The media love an impending disaster to speculate about, just try not to get caught up in it.
Exactly rightA vast amount of work went on behind the scenes to make sure that nobody noticed, to be fair. That doesn’t seem to be the case this time, the Minister in charge of all this didn’t even seem to be aware that the Dover-Calais link was important...
There's no evidence that possible problems are being dealt with.I was also in a computer based industry at the time so I know about preperations, but my point for the OPs benefit was that the media played up the doom and gloom. Stories of people beavering away making preparations do not sell newspapers. Unless you are in the relevant departments in the civil service how would you know if preparations are being made or not?
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