Will Prices Skyrocket....

UCDVet

The euro seems to be dropping like a rock - does this mean it's going to start costing that much more to buy things when we go to shops?

cherryghost

No

BoJack Horseman

Some goods, slightly.

Most goods, probably not much difference.

Princess Consuela Bananahammock

UCDVet wrote: »

The euro seems to be dropping like a rock - does this mean it's going to start costing that much more to buy things when we go to shops?

If you're buying things from aboard in foreign currecncies like GBP or USD, then you'd be adivsed to check the cost in euro before you confirm the sale. Other than that, no.

PLUG71

Will a uk pension payed monthly be worth a bit more?

The Backwards Man

No, but with any luck I'll be bathing in Queen's head twenties before long. Mwahahahahahahahahah!!!

BoJack Horseman

PLUG71 wrote: »

Will a uk pension payed monthly be worth a bit more?

Yeah, but what proud noble son of Erin would debase himself by taking the Queens shilling?

Tea-a-Maria

I thought this thread was going to be a rant about solicitor's fees.

PLUG71

BoJack Horseman wrote: »

Yeah, but what proud noble son of Erin would debase himself by taking the Queens shilling?

The Backwards Man

BoJack Horseman wrote: »

Yeah, but what proud noble son of Erin would debase himself by taking the Queens shilling?

Any that are entitled to it and have any sense!:pac:

Jawgap

PLUG71 wrote: »

Will a uk pension payed monthly be worth a bit more?

It should be.

BoJack Horseman wrote: »

Yeah, but what proud noble son of Erin would debase himself by taking the Queens shilling?

I started work for a UK firm last September - I was given the option of being paid in Euros or the coin of the realm. Unfortunately, I chose the yoyos - should've gone with the sterling

jimgoose

BoJack Horseman wrote: »

Yeah, but what proud noble son of Erin would debase himself by taking the Queens shilling?

My brother, who lives near Wall Street and earns bollock-loads of money.

KomradeBishop

Our imports seem to be ~60% from the EU and around 10% from the US, and the price of oil is lower than it's been for quite a long time - and Europe is currently heading into deflation - so we're not likely to see more than a temporary blip of inflation (price increases), before disinflation and then deflation settles in again.

jimmii

Prices might well increase a touch every time we import stuff from UK its getting a little bit more expensive only so far you can go absorbing the price increases. 1.33 today :eek:

The Diabolical Monocle

Germany seems unhappy about it - that means its a good thing.

893bet

****ing rolex are def going up.

IamNotNumber

Payday today and filling up the car and I thought sure leave it at €25 ..petrol might be cheaper tomorrow.That's the mentality of deflation.

alias no.9

BoJack Horseman wrote: »

Yeah, but what proud noble son of Erin would debase himself by taking the Queens shilling?

Banjo String

BoJack Horseman wrote: »

Yeah, but what proud noble son of Erin would debase himself by taking the Queens shilling?

Looks like most of us

Only an idiot would refuse it.

Amirani

The Diabolical Monocle wrote: »

Germany seems unhappy about it - that means its a good thing.

Any German who is unhappy about this doesn't have a clue what this entails.

catbear

It's only to counteract deflation so aside from tax increases falling oil prices should balance things. While we notice the drop at the pump it usually takes about 6 months for cheaper energy to be fully felt in the wider economy.

johnsheridan

KomradeBishop wrote: »

Our imports seem to be ~60% from the EU and around 10% from the US, and the price of oil is lower than it's been for quite a long time - and Europe is currently heading into deflation - so we're not likely to see more than a temporary blip of inflation (price increases), before disinflation and then deflation settles in again.

Good answer.

jimgoose

Diego Simeone wrote: »

Any German who is unhappy about this doesn't have a clue what this entails.

Correct. It wouldn't be the first time they were led astray by lunatics.

C.K Dexter Haven

893bet wrote: »

****ing rolex are def going up.

Anything Swiss is definitely going up in price- buy now.

Tearin It Up

C.K Dexter Haven wrote: »

Anything Swiss is definitely going up in price- buy now.

Swiss chocolate?

C.K Dexter Haven

Tearin It Up wrote: »

Swiss chocolate?

Yes (chocolate is going up anyway due to price rises in cocoa beans but exchange rate between Euro/Swiss Franc means price hike on Swiss goods)

Feck it anyway. Daughter at uni in the north and exchange rate means I have been paying more and more every month.

C.K Dexter Haven

Strawberry Milkshake wrote: »

Feck it anyway. Daughter at uni in the north and exchange rate means I have been paying more and more every month.

Yep, it's down towards .73 now to buy, scary stuff.

questionmark?

I get paid in Sterling and I notice the differance big time compared to a few years ago. Should make a pint in Dublin feel affordable in a while if it keeps going the way it is!

Tearin It Up

How long will this last?

C.K Dexter Haven

questionmark? wrote: »

I get paid in Sterling and I notice the differance big time compared to a few years ago. Should make a pint in Dublin feel affordable in a while if it keeps going the way it is!

Swings and roundabouts- enjoy it while it lasts dude:)

_Kaiser_

Tearin It Up wrote: »

How long will this last?

Probably for a few years yet until the Euro/EU finally comes apart at the seams during the next major "crisis"

You just can't throw a bunch of countries with massively different economies, resources, politics, priorities and interests, together and apply a "one size fits all" policy and expect them all to live happily ever after! Especially when no effort is made to bring those counties together socially or culturally so people buy into the idea.

Tearin It Up

Tearin It Up wrote: »

How long will this last?

At least two years, until either the press runs out of paper or there is some decent inflation. Or preferably, an acceptance that growth isn't the be all to end all.

In other words, make the economy operate in a steady state.

Look up "limits to growth" we've reached them and now need to readjust to the new normal, this money printing lark is just yet another attempt to replay the game by the old rules.

The financial world seems to be doing a reverse Duke of Wellington.
"They came on in the same old way and we defeated them in the same old way."

The Diabolical Monocle

C.K Dexter Haven wrote: »

Anything Swiss is definitely going up in price- buy now.

What about swiss rolls ... Got one there last week ...

C.K Dexter Haven

C.K Dexter Haven wrote: »

Swings and roundabouts- enjoy it while it lasts dude:)

The way things are going, Sterling has better legs then the Euro, the Greeks may be revolting again this weekend.

Augmerson

_Kaiser_ wrote: »

Probably for a few years yet until the Euro/EU finally comes apart at the seams during the next major "crisis"

You just can't throw a bunch of countries with massively different economies, resources, politics, priorities and interests, together and apply a "one size fits all" policy and expect them all to live happily ever after! Especially when no effort is made to bring those counties together socially or culturally so people buy into the idea.

The Euro has failed. They just won't give up on it, and they'll keep ruining countries like Greece, Ireland, Spain and Portugal to keep it going. Granted Greece had a ****ed up tax system in the first place.

Augmerson

Augmerson wrote: »

The Euro has failed. They just won't give up on it, and they'll keep ruining countries like Greece, Ireland, Spain and Portugal to keep it going. Granted Greece had a fúcked up tax system in the first place.

and Ireland has a dodgy corporate tax regime that allows US firms to "headquarter" here and export more profits home, without that tax dodge this place would be "Greeked"

jimgoose

[Deleted User] wrote: »

and Ireland has a dodgy corporate tax regime that allows US firms to "headquarter" here and export more profits home, without that tax dodge this place would be "Greeked"

They're exporting fcuk-all home. Bloody nonsense. They're minimising their tax liability, as we all do.

jimgoose

jimgoose wrote: »

They're exporting fcuk-all home. Bloody nonsense. They're minimising their tax liability, as we all do.

and where does that "minimised tax liability" go?

jimgoose

[Deleted User] wrote: »

and where does that "minimised tax liability" go?

I don't understand the question.

Greece and Ireland ****ed themselves up

jimgoose

jimgoose wrote: »

I don't understand the question.

US firms are here because of the low tax, if the tax was the same as it is in many other EU countries, they wouldn't be in Ireland.
Money saved in not paying tax is given to shareholders.

jimgoose

[Deleted User] wrote: »

US firms are here because of the low tax, if the tax was the same as it is in many other EU countries, they wouldn't be in Ireland.
Money saved in not paying tax is given to shareholders.

Umm, yes. And? If there's a problem here I'm not seeing it.

C.K Dexter Haven

The Diabolical Monocle wrote: »

What about swiss rolls ... Got one there last week ...

Hold on to it, will increase in value;)

Desolation Of Smug

C.K Dexter Haven wrote: »

Hold on to it, will increase in value;)

It'll go stalemate.

Kevin McCloud

Price of scrap has plummeted.

Augmerson

There are people in Greece who pay no tax. Only the place is in the Mediterreanean it would be completely ****ed. The tax system is much better here. And yes, the corporate tax regime here is dodge but at least the staff of those companies are taxed.

Desolation Of Smug

Kevin McCloud wrote: »

Price of scrap has plummeted.

What's steel at now?? Was €100 a ton recently, which is pretty poor.

C.K Dexter Haven

Desolation Of Smug wrote: »

It'll go stalemate.

Ah, C'est impasse!

Even better, worth more with French writing

donegaLroad

Jawgap wrote: »

It should be.



I started work for a UK firm last September - I was given the option of being paid in Euros or the coin of the realm. Unfortunately, I chose the yoyos - should've gone with the sterling

renegotiate terms.. they will understand.

Kevin McCloud

Desolation Of Smug wrote: »

What's steel at now?? Was €100 a ton recently, which is pretty poor.

€90 and dropping, its depressing. Bit of export going on so not too bad.