Massive price increases after brexit

EdgeCase

I remember after the referendum Enda Kenny seemed to think it would take about 10 years. It looks like he was absolutely correct on that one.

The utter lack of reality coming from the UK at the moment is worrying.
You can't run a country without facts and statistics. Rhetoric doesn't pay the bills.

It's quite literally the most incompetent and irrsponsible government I've ever seen in office in the UK. They're going destroy what was a very successful economy and what has been a very progressive, stable and increasingly cohesive society.

They're proposing all these pie in the sky policies based on ideology and haven't a bull's notion of how they'll imolent any of them.

Once market sentiment really goes they're into a tailspin that could take decades to recover from, particularly with the number of bridges they're burning.

It'll go down in history as monumental stupidity

Grayson

The Rape of Lucretia wrote: »

1) it needed to have a public information campaign to inform people on the mainland that Northern Ireland was part of the UK.

I wonder how many British people know that it is? I did see that survey that shows that a majority of brexiters would ditch northern Ireland if it was between keeping NI and Brexit.

I googled it and found this page.
https://theconversation.com/brexit-this-poll-reveals-a-sad-truth-about-britain-and-northern-ireland-98722

Ironies of ironies, the hand drawn map at the top of the page has Dundalk in the north.

yourdeadwright

Mrhuth wrote: »

wellwhynot wrote: »

Yes living in the UK will just be wonderful after a no deal Brexit. You are correct that the prices of British goods will rise which will mean countries like Ireland will import far less.

Ireland relies on UK. Think or Ireland as a child inside a woman's womb. UK is the mother and if she dies, so does the child.

So uv decided to go to the dyeing Mother,  great idea

my3cents

yourdeadwright wrote: »

So uv decided to go to the dyeing Mother,  great idea

What colour was she dyed?

realitykeeper

ressem wrote: »

I don't think VW would be too concerned about hundreds of thousands of it's cars being sold at better than break-even prices & causing gridlock.

No but the Rwandans government would care. I think the UBER type solution is a good idea.

realitykeeper

Franz Von Peppercorn wrote: »

You’ve never told us what you do. You love high profit but demand low wages. Clearly you’ve never worked a day in your life.

You clearly misjudge me. Besides, I did suggest a salary cap of 50,000 euro. This is about economic sustainability which is in everyone`s interests, especially the low paid as they will suffer most at times of economic turmoil.

realitykeeper

Franz Von Peppercorn wrote: »

Which would crash the economy you quarterwit.

Get this into your head. Aggregate demand is the sum total of all the income earned in an economy, and driven mostly by wages. If you artificially control wages you will destroy demand and thus destroy the companies that supply that demand. One mans expenditure is another’s income. Mass unemployment would ensue.

It is a necessary control to lessen the impact of the next economic crisis. It would help cool the economy big time and prevent the over heating with all the negative consequences that brings during boom times.

Frothiness in the economy brings unskilled immigrants, retail sectors jobs which may boost GDP but not in a sustainable way because they tend to result in money leaving the economy (most shops sell more imported stuff than Irish produced stuff) or at best they represent an extravagant waste of people power and resources. Think puppy grooming and the like. They are nice but what if the puppy groomer worked in a factory (or as a small scale self employed manufacturer e.g. craft goods,) which produced something for export and reduced the need for imports, instead of grooming peoples puppies?

jmayo

Grayson wrote: »

How would the daily mail spin it you mean Would half the country be committing treason. I'd imagine the mail would say that the country voted to stay after blackmail by the EU.

I saw this morning that the shadow chancellor said they'd support a vote on the terms but they wouldn't want stay in the Eu on the ballot. So just the deal or the hardest of brexits. https://www.theguardian.com/politics/2018/sep/24/mcdonnell-new-brexit-referendum-should-not-include-remain-option

That makes no sense, if you're having a referendum, put the options that people want on the ballot.

Still, if Brexit was dropped, how long before the tory rebels start agitating again?

Labour are inept and they are led by a loon who is a throwback to the 70s.
He is anti EU and did his best at last year's conference to not even discuss Brexit.
After all he has always wanted Brexit and a lot of Labour held constituencies and voters voted for Brexit.

This year there was overwhelming push from constituencies to discuss Brexit so he had no option.

As it is their proposed stance is a joke.


Looking at the comments re May's Salzburg trip there is still huge amount of deluded Brits who think Brexit, and that a hard Brexit, is the way to go.

You see comments like "the EU held us back, we were a great economy before EEC/EU and we will be a great one again".

It actually looks like some of these deluded loons still think there is an empire and they can send the Royal Navy out to frighten anyone that challenges Blighty.

They haven't a clue.
Britain was on the down since the 50s and the industry they even had when they joined the EEC is long gone.
For instance when UK joined EEC, they still had an indigenous owned motor industry producing cars, trucks and tractors.
The only British owned tractor left is the niche player JCB as David Brown, Nuffield/Leyland/Marshall are long gone.
The massive foreign owned plants belonging to Ford, International, MF that were there in 1970s have all gone.
There is a CNH (Ford/International descendant) assembly plant employing 1000 people in Basildon with the components coming in from abroad.

The decline in the British car industry is even more stark with the only British owned car makers today being Morgan, Ariel, McLaren, Noble all of which probably knock out at most a couple of thousand cars a year.

Yes Nissan, Honda and Toyota assemble in the UK.
Jaguar, Land Rover are now Indian owned, yep the colonialised now own the prestigious brands.
Rolls and Bentley are owned by the Jerries.
Smaller marks like Lotus, Caterham, Aston Martin can alternate between Far Eastern, Russian, Chinese and Italian ownership.

Leyland trucks effectively sunk the Dutch DAF company.
Now the British truck/van industry is really making of buses, ice cream vans, motorhomes, fire engines and bin lorries.
And to think in the 1950s Leyland were the biggest truck manufacturer in the world.

And the motor industry is only one thing they have lost, remember buying British designed and built household devices such as TVs, Radios.

Anyone remember brands such Pye, Bush, Ferguson.
The likes of Hotpoint/Indesit no longer manafacture much in UK.

Dyson is one of the few British success stories in last few decades.

EdgeCase

Dyson manufacturers in Malaysia and their digital motors are made in Singapore.
They haven't been manufacturing in the UK since 2002.

They'd a very viable computer and communications technology insudry too. Companies like GEC, Plessey and GPT in the telecoms sector all disappeared in the 80s and 90s. Marconi, the last serious British telecoms equipment maker is gone.

Then ARM, the company behind the technology which underlies mobile processors like Qualcom Snapdragon that powers most android phones and apple's A series processors was sold to SoftBank of Japan a few years ago.

They don't seem to hold assets and have gutted and replaced a high tech manufacturing sector in favour of largely services industries and a lot of those are just pushing paper and virtual numbers around in the financial sector.

4068ac1elhodqr

EdgeCase wrote: »

Dyson manufacturers in Malaysia and their digital motors are made in Singapore.
They haven't been manufacturing in the UK since 2002.

They'd a very viable computer and communications technology insudry too. Companies like GEC, Plessey and GPT in the telecoms sector all disappeared in the 80s and 90s. Marconi, the last serious British telecoms equipment maker is gone.

Then ARM, the company behind the technology which underlies mobile processors like Qualcom Snapdragon that powers most android phones and apple's A series processors was sold to SoftBank of Japan a few years ago.

They don't seem to hold assets and have gutted and replaced a high tech manufacturing sector in favour of largely services industries and a lot of those are just pushing paper and virtual numbers around in the financial sector.

Probably a lot less service industry dependent than Ire is.

Dyson are building a £200m test-track for their latest e-car project, due to reach market by 2021. Whether or not the uk will also be the main manufacturing hub remains to be seen.

The MINI factory in Oxford assembles 1,000 cars a day, and some docks up near Glasgow churned out a couple of £bn worth of warship recently.

So probably still a bit of a foot in manufacturing left in them. If anything they will refocus on manufacturing now.

EdgeCase

Ireland : 1.00% Agriculture 38.20% Industrial 60.70% services
UK : 0.60% Agriculture 19.00% industrial 80.40% services.

Agriculture at primary level is tiny as a % of GDP. It just has a lot of significance in rural jobs and so on.

They're significantly less industrial and more services based than we are.

4068ac1elhodqr

EdgeCase wrote: »

Ireland : 1.00% Agriculture 38.20% Industrial 60.70% services
UK : 0.60% Agriculture 19.00% industrial 80.40% services.

Agriculture at primary level is tiny as a % of GDP. It just has a lot of significance in rural jobs and so on.

They're significantly less industrial and more services based than we are.

Not sure where you got the figures, or if they're specific export percentages. Ire Agriculture at 1% seems peculiar. 38% Industrial?

Essentially the uk is the 8th largest manufacturer by total goods output in the world, and according to EEF, UK manufacturing currently:

- employs 2.6 million people
- contributes 11% of GVA
- accounts for 44% of total exports
- represents 70% of business research and development (R&D)
- provides 13% of business investment (Dyson just got handed £29m)

If you take Pharma out of the Ire equation, not sure if there is much significant 'manufacturing' as such.

Of course the nature of 'manufacturing' is always changing (inc classifications such as digtal software).

But only have to look at Aerospace, Automotive, Defence, Electronics, Plastics, Steel, Textiles etc to realise they 'make a fair bit of stuff', and have a better chance at self-reliance than many other states.

www.bored.ie

mad muffin wrote: »

And what about the bbc?! Has anyone thought about what will happen when we won’t be able to watch the bbc?! :eek::mad::(

Fire me?......I made the BBC

EdgeCase

They're as % of GDP and all of the same kinda of odd distortions apply there too.
I mean take look at Sky's piece on the gold trading industry. They're classifying gold bullion passing through as exports and due to the high value they actually dramatically distorted their goods export figures.

https://news.sky.com/video/the-great-british-gold-export-illusion-11057800

fxotoole

realitykeeper wrote: »

Doctors and nurses do not bring money into the country, they are a liability we are paying far far far too much for.

So not only do you want to establish a communist utopia where everyone is paid the same **** wage, and slave labour is rife, you also want to rip the guts out of the health service because of those pesky high paid bourgeois capatlist pigs doctors

fxotoole

realitykeeper wrote: »

Unskilled immigration would stop and yes working abroad would offer greater opportunities than it does now, both of which are good things.

As mentioned, Rwanda is assembling vehicles even though all the parts have to be trucked over bad roads into the interior.

The average Rwandese worker earns only about $5 per day. Are there any vehicle assembly plants in Ireland at present?

Rwanda is hardly the model economy we should striving to be.

Billy86

You're arguing with someone who wants the Magdelene Laundries brought back because they think Ireland was in better economic shape before the mid-90s when we were under Catholic rule. They literally made a thread claiming that the country turning it's back on religion may be to blame for national debt increases over the last 30 years. Just for a bit of context.

Grayson

Don't know if this has been mentioned

https://www.irishtimes.com/business/energy-and-resources/no-deal-brexit-could-result-in-blackouts-in-the-north-leaked-documents-reveal-1.3643478

Northern Ireland faces blackouts and drastic electricity price rises in the event of a no-deal Brexit, leaked British government documents reveal.

The North would likely be cut off from electricity supplies from the Republic and unable to use its sole electricity link to Britain, according to an internal briefing.

Officials have been warning for months that Northern Ireland’s electricity market could collapse, triggering “unprecedented consequences” and forcing authorities to prepare to take energy infrastructure into public ownership to keep the lights on.

The British government documents, shared widely across Whitehall, show that in the event of a no-deal Brexit:

– Householders in Northern Ireland could see electricity bills rise by up to £200 (€225).

– Energy companies could collapse.

– Diesel generators would be needed to keep power supplies running.

– The UK government has not yet talked to power station operators in Northern Ireland.

There's more on the page. But it's just nuts that the Uk is going down a path that could lead to this. This should never be an option on the table.

fxotoole

Billy86 wrote: »

You're arguing with someone who wants the Magdelene Laundries brought back because they think Ireland was in better economic shape before the mid-90s when we were under Catholic rule. They literally made a thread claiming that the country turning it's back on religion may be to blame for national debt increases over the last 30 years. Just for a bit of context.

Yes, I know. I’m a big believer that religious extremism should be tackled head on whenerver and wherever it reads it’s ugly head.

realitykeeper

realitykeeper wrote: »

Doctors and nurses do not bring money into the country, they are a liability we are paying far far far too much for.

Snickers Man

realitykeeper wrote: »

As for things like coffee, bananas and other non manufactured goods, yes those would also become more expensive

You ARE bananas, mate! No shortage of the same as long as you're around.

sKeith

realitykeeper wrote: »

You clearly misjudge me. Besides, I did suggest a salary cap of 50,000 euro. This is about economic sustainability which is in everyone`s interests, especially the low paid as they will suffer most at times of economic turmoil.

So, a married man earning a €100,000 salary, thinks he is comfortable, buys a house for €450,000 over 25 years.
Wife doesn't work, but looks after their 3 kids.

So, out of his €100,000 salary, he has a take home of €5249 a month.
mortgage eats €2355 off that straight away, leaving €2894 for everything else the month.

Lets say they are happily paying away at this for 5 years, then your salary cap comes in, and €50,000 is the cap.

So, out of his €50,000 capped salary, his take home pay is €3195 a month.
Mortgage eats same €2355 out of that, so, now they are left with €840 for everything else for the rest of the month.

Your scheme has just changed a family of five, who were comfortable into a family of 5 who are struggling to make ends meet.

How was this in the interest of this fictional family?

wexie

Of course if you're talking a completely fantasy scenario you may as well do away with mortgages like. Or reduce them by as much as the income cap would reduce income. Not like we're talking about anyty rooted in any kind of reality