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Brexit

Discussion in 'General Chat' started by Park bantam, Jun 14, 2018.

  1. YungNath

    YungNath Impact Sub

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  2. Bronco

    Bronco Star Player
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    I suggest because Rome wasn't built in a day and we are 5 months into a new venture, lets take a look at things in 12 months.
    If your thinking of going abroad now is a great time to buy your Euro's or Dollars or any other currency come to that, that was a subject that used to raise its head on a regular basis, look at the state of the £ :(.
     
  3. YungNath

    YungNath Impact Sub

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    The question I would ask Bronco, is if my business is out of business now, how do you suggest I afford waiting 12 months to see the benefits? Trade is absolutely on its arse, largely in the industries that were told they would benefit the most from this. Now is also a terrible time to get Euros at 1.16 compared to prior to any of this crap happening, when it was higher.

    https://www.keycurrency.co.uk/GBPtoEuro

    Brexit effect on Pound to Euro
    Following the Brexit referendum result, the Pound dropped sharply in value against the Euro.

    The Pound fell 16% against the Euro in the 4 months following the Brexit referendum, including 6% on the actual day of the result.

    The rate has yet to rebound to pre-Brexit levels.

    For the last few years, the Pound to Euro rate has spent most of the time in a range between €1.10 – €1.20.
     
  4. Bronco

    Bronco Star Player
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    That's where the Euro is now against the £ you even quote it above (Now is also a terrible time to get Euros at 1.16), I was getting 1 euro to £ a year last October in Spain yet many were saying brexit would have a massive effect on the pound.
    Not sure you can use your above argument and put it down to brexit when we are still going through a pandemic that has been raging for the last 14 months or so.
     
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  5. YungNath

    YungNath Impact Sub

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    you said it was a good time to get euros, compared to before brexit its an awful time to get euros. this was true prior to the pandemic, as per the link I posted the referendum result itself tanked the price 6% the same day the result came out. It has had a massive effect, we went from hovering around 1.30 to virtual parity.

    I would also say you brought up going abroad in the middle of a pandemic so its ridiculous you're trying to imply I'm not being mindful of it.


    Also, you didn't answer my question. If I am out of business now, how do you suggest I wait 12 months to see the benefits of brexit?
     
  6. Bronco

    Bronco Star Player
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    I'm not trying to imply anything, I'll leave it there.
     
  7. YungNath

    YungNath Impact Sub

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    without answering my question, nice dodge. I respect your opinion but you do this any time someone confronts you with something you either won't or can't accept. You try take the moral high ground and flounce off lol
     
  8. Aaron Baker

    Aaron Baker Impact Sub

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  9. Bronco

    Bronco Star Player
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    Your the one quoting "I would also say you brought up going abroad in the middle of a pandemic so its ridiculous you're trying to imply I'm not being mindful of it" so rather than going on as you seem unable to read something I post as general comment and not aimed at you, there is no point going on, dodging out or as you put it taking the moral high ground.
    So as I said I'll leave it there.
     
  10. trevor

    trevor Squad Player
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    You do half post some rubbish, You must be really gullible to believe what you post,
     
  11. Offcomedun

    Offcomedun Important Player
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    No nothing exciting at all. Just boring stuff like ordering things from Europe that take four weeks to arrive after being stuck in customs clearance, instead of arriving in days like they used to. This has twice happened to me.
    And the possibility of being stung for extra tax payments - this hasn't happened to me but I know people who have had to fork out or not get their goods.
     
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  12. Edinmiarse

    Edinmiarse Fringe Player

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    I lost a £3.5 K order due to Brexit, right at the start of January. It was a consequence of the 20% import duty that EU customers now have to pay (I'm not VAT registered). I suspect that 30% of my income has now gone, I doubt that I'll get many orders from EU customers now. If Brexit is hitting business it's the small and medium that are getting hit the hardest. I can't see it improving anytime soon either. I'm now near the tipping point of packing it all in and hoping I can get alternative employment.
     
  13. Aaron Baker

    Aaron Baker Impact Sub

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    What am I missing about the Australian deal and our farmers?

    I thought (and believe) that tariff free trade was a good thing but now apparently it's not? Are our farmers really in danger of being undercut from other ethical farmers from literally the other side of the world? Are we currently being ripped off on our local produce?
     
  14. Edinmiarse

    Edinmiarse Fringe Player

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    It's probably due to economies of scale. Relative to countries such as Australia, Canada, US, Ukraine and Argentina farms in Britain are tiny affairs.
     
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  15. Dennis

    Dennis Captain
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    That's exactly the point.

    FTA's are a good thing generally for exporters since they remove import tariffs making the goods cheaper to sell in export markets; good for consumers in the home market in that they can access the cheap producers around the world. The downside is that they are bad for home producers (and therefore employment) unless they have access to the same cheap raw materials or have the same economies of scale.

    That's one reason why the UK no longer grows cereal grains for example but prefers to buy from Canada, the US and latterly Kazakhstan 'cos it's much cheaper even with transportation costs. The consequences are that employment in growing cereals has declined and strategically, the UK is more dependent on others for an important raw material.
     
  16. Aaron Baker

    Aaron Baker Impact Sub

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    Ta, sounds very plausible. Difficult for me as I don't really like protectionist policies so while I have sympathy for the farmers I struggle to balance it with my general outlook. Wonder how much we would currently be paying in tariffs that ensure that the British produce still looks competitive.
     
  17. trevor

    trevor Squad Player
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    Free trade is better for all, Those farmers who are saying they cannot compete are wrong, If they sell on quality not price they will sell the goods,
     
  18. Edinmiarse

    Edinmiarse Fringe Player

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    Most countries seek to protect their farmers
    How long have you been in farming?
     
  19. YungNath

    YungNath Impact Sub

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  20. YungNath

    YungNath Impact Sub

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    You believe Nigel Farage trevor who is one step above the tooth fairy and santa claus in terms of believability. Nothing like being patronised by someone stupider than I am. I also asked a question that you like Bronco have no answer for. If I go out of business now, how do you suggest I afford the wait for these mystical brexit benefits to appear? These benefits that are so great and obvious, that HMG has now hired an external adviser to find them
     

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