The UK Politics and EU Referendum thread - merged

[TightEnd]

Daily Mail's attack on 'Bremoaners' reflects editor's Brexit fears

Click to see full-size image.

says, smile, pause but a good read, the guardian

https://www.theguardian.com/media/2016/oct/12/daily-mail-bremoaners-brexit-mps-cbi-bbc-paul-dacre?CMP=twt_gu

[TightEnd]

PMQs review: Corbyn's "shambolic Tory Brexit" shows he has identified his target.

http://www.newstatesman.com/politics/uk/2016/10/pmqs-review-jeremy-corbyn-starts-pin-theresa-may-down-brexit

[TightEnd]

apart from petrol, one thing you are going to see cost more is food bills

"British shoppers told to expect price rises after steep fall in pound"

by sainsburys, who will be passing input costs on

https://www.theguardian.com/business/2016/oct/12/british-shoppers-told-to-expect-price-rises-after-steep-fall-in-pound?CMP=twt_gu

Meh, switch to Lidl or Aldi then....

they will be doing the same. more expensive to import goods, prices are going up. granted an aldi basket is cheaper than a sainsburys basket of course

[TightEnd]

and this is the sort of talk that really has sterling spooked

"Britain, get real: Brexit means whatever the EU says it means | Joris Luyendijk"

https://www.theguardian.com/commentisfree/2016/oct/12/britain-brexit-eu-pound-euro?CMP=twt_gu

[neeko]

apart from petrol, one thing you are going to see cost more is food bills

"British shoppers told to expect price rises after steep fall in pound"

by sainsburys, who will be passing input costs on

https://www.theguardian.com/business/2016/oct/12/british-shoppers-told-to-expect-price-rises-after-steep-fall-in-pound?CMP=twt_gu

Meh, switch to Lidl or Aldi then....

Hey get their bananas from Sunderland, so no currency problems for them.

[Woodsey]

apart from petrol, one thing you are going to see cost more is food bills

"British shoppers told to expect price rises after steep fall in pound"

by sainsburys, who will be passing input costs on

https://www.theguardian.com/business/2016/oct/12/british-shoppers-told-to-expect-price-rises-after-steep-fall-in-pound?CMP=twt_gu

Meh, switch to Lidl or Aldi then....

Hey get their bananas from Sunderland, so no currency problems for them.

£1 bag of bananas might go up 20p, think I might find myself out on the street with that sort of rise.

[TightEnd]

apart from petrol, one thing you are going to see cost more is food bills

"British shoppers told to expect price rises after steep fall in pound"

by sainsburys, who will be passing input costs on

https://www.theguardian.com/business/2016/oct/12/british-shoppers-told-to-expect-price-rises-after-steep-fall-in-pound?CMP=twt_gu

Meh, switch to Lidl or Aldi then....

Hey get their bananas from Sunderland, so no currency problems for them.

£1 bag of bananas might go up 20p, think I might find myself out on the street with that sort of rise.

stop being obtuse.

you know the point for low income families etc

[Woodsey]

apart from petrol, one thing you are going to see cost more is food bills

"British shoppers told to expect price rises after steep fall in pound"

by sainsburys, who will be passing input costs on

https://www.theguardian.com/business/2016/oct/12/british-shoppers-told-to-expect-price-rises-after-steep-fall-in-pound?CMP=twt_gu

Meh, switch to Lidl or Aldi then....

Hey get their bananas from Sunderland, so no currency problems for them.

£1 bag of bananas might go up 20p, think I might find myself out on the street with that sort of rise.

stop being obtuse.

you know the point for low income families etc

No I don't, I could happily just buy mostly British produce, there are plenty of things like bananas that I don't even need.

[DMorgan]

I get paid in dollars, so while I voted remain in the short term Brexit has been F**KING AWESOME for me. I've been paid in dollars for a decade so I know all about how these things can soon swing the other way so like a boring old fart I am putting the extra I'm making to one side.

Anyhoo, given we have some very rough dates for how things will pan out, do you think in March 2017 when we supposedly trigger article 50, that will see the £ drop again by quite a margin from wherever it is at the time?

Also how long is a piece of string?

Yep certainly no complains about holding more $ than £ as long as the sites don't pull a pokerstars and put a pause their exchange rates. I think it all hinges on whether the tories can deliver a hard brexit against the backdrop of a 5-10% decline in GDP. If the electorate is willing to stomach that (which we don't know if they are since the leave campaign presented a rosy outlook) then yeah its off to the races, how low it can go is anyones guess.

If the nation gets cold feet and we end up with single market access in exchange for some EU budget contributions like Norway then I'd expect a strong rebound.

Leavers that are homeowners with comfy pensions have no reason to care about increased costs of food and petrol because they can just absorb the cost. Its the reaction of  the leavers that are already struggling with costs of living that will be the most interesting. Do the tories say well you voted for it so tough and plough on? Looks that way at the moment which to me suggests that there is optimism that we can hammer out a trade deal with less downside than the WTO tariffs but enough that its palatable to the EU leaders.

Trouble is if we've already got the red line on immigration and the precedent with EU trade deals is that if you don't have free movement, you pay into the budget for access and that won't go down particularly well either. Maybe we can negotiate a deal with no free movement and no budget contributions but UK goods and services are subject to tariffs but smaller ones than under WTO rules which I suspect would cause the pound to stabalise at around the current level.

Take your pick, who'd want to be a politician?

[TightEnd]

"Britain is not self-sufficient in food production; it imports 40% of the total food consumed and the proportion is rising (ref 1). Therefore, as a food-trading nation, Britain relies on both imports and thriving export markets to feed itself and drive economic growth. "

http://www.foodsecurity.ac.uk/issue/uk.html

enjoy the loss of living standard Andrew!

[Woodsey]

"Britain is not self-sufficient in food production; it imports 40% of the total food consumed and the proportion is rising (ref 1). Therefore, as a food-trading nation, Britain relies on both imports and thriving export markets to feed itself and drive economic growth. "

http://www.foodsecurity.ac.uk/issue/uk.html

enjoy the loss of living standard Andrew!

Of course were not self sufficient, everyone knows that. But we could be a ton more self sufficient that we are right now if we needed to be, there are tons of things that we don't actually need if the price went up to or could switch to alternatives, we are just used to being spoilt Richard!  Or back to my original suggestion of Lidl or Aldi, by the time the prices increases are factored in you are up to about current Sainsbury's price probably, there's always a way!

[redsimon]

"Britain is not self-sufficient in food production; it imports 40% of the total food consumed and the proportion is rising (ref 1). Therefore, as a food-trading nation, Britain relies on both imports and thriving export markets to feed itself and drive economic growth. "

http://www.foodsecurity.ac.uk/issue/uk.html

enjoy the loss of living standard Andrew!

Don't worry his pensions doing great etc etc

[Woodsey]

"Britain is not self-sufficient in food production; it imports 40% of the total food consumed and the proportion is rising (ref 1). Therefore, as a food-trading nation, Britain relies on both imports and thriving export markets to feed itself and drive economic growth. "

http://www.foodsecurity.ac.uk/issue/uk.html

enjoy the loss of living standard Andrew!

Don't worry his pensions doing great etc etc

There must be something wrong with me, as much as people throw all the downsides at me I can always think of an upside or a way to improve life. I need to do an see a doctor to see if he can help me find some of this doom and gloom, there must be something good about it if so many people are doing it so I should give it a shot to see what it feels like 

[TightEnd]

Interesting corporate news today

Unilever wanted to push its prices up by 10% to Tesco because of higher input prices. Tesco refused and now Unilever isn't supplying its product into the chain

[TightEnd]

Britain faces having to pay €20 BILLION EU divorce fee

https://www.ft.com/content/3c1eb988-9081-11e6-a72e-b428cb934b78

Click to see full-size image.