REFERENDUM RESULTS AND DISCUSSION THREAD

[Penk Wolf]

Kamal Ahmed's view on interest rates.

Yes, the markets have upped their expectations of a rate rise, but the Bank has been clear: a cut to support economic growth as the UK begins its Brexit negotiations is as likely as an increase.
And any increase, if it were to come, is likely to be small.
Which is bad news for savers, of course.
It would be ridiculous to say that Brexit is not affecting the UK's course on inflation.

http://www.bbc.co.uk/news/business-39339834

I don't believe the price against the Euro should have effected inflation (Although some will have band wagoned it), however the price against the dollar has got to have had an impact, especially on companies working on tight margins.

 

[So Long Architect]

Every kid wants to be a rock star, singer, you tuber or DJ now not a train driver or Electrician.

Interesting. Mine want to be a teacher and a paramedic. My niece and nephew who are just a little older have just started careers as a teacher and an accountant. In fact of all the many kids I've come into contact with over the last few years, I've never heard one who wants to any of the things you've listed (apart from one who has received a scholarship to a music college and stands a reasonable chance of becoming a professional singer). The vast majority of kids I know are talented, active, funny, bright, caring and ambitious - and I coach a lot of kids from underprivileged backgrounds before you start in on the crap about the leafy suburbs.

But that's just my experience - I'm sure your direct recent experience of Britain's youth trumps mine.

 

[Sniffer]

Every kid wants to be a rock star, singer, you tuber or DJ now not a train driver or Electrician.

Interesting. Mine want to be a teacher and a paramedic. My niece and nephew who are just a little older have just started careers as a teacher and an accountant. In fact of all the many kids I've come into contact with over the last few years, I've never heard one who wants to any of the things you've listed (apart from one who has received a scholarship to a music college and stands a reasonable chance of becoming a professional singer). The vast majority of kids I know are talented, active, funny, bright, caring and ambitious - and I coach a lot kids from underprivileged backgrounds before you start in on the crap about the leafy suburbs.

But that's just my experience - I'm sure your direct recent experience of Britain's youth trumps mine.

My middle son has told me on several occasions that he wants to be a you tuber when he's older.

 

[Deleted Cyber]

Interesting. Mine want to be a teacher and a paramedic. My niece and nephew who are just a little older have just started careers as a teacher and an accountant. In fact of all the many kids I've come into contact with over the last few years, I've never heard one who wants to any of the things you've listed (apart from one who has received a scholarship to a music college and stands a reasonable chance of becoming a professional singer). The vast majority of kids I know are talented, active, funny, bright, caring and ambitious - and I coach a lot of kids from underprivileged backgrounds before you start in on the crap about the leafy suburbs.

But that's just my experience - I'm sure your direct recent experience of Britain's youth trumps mine.

Not manual labour is it doh ! With the careers I mentioned

I dont do crap about leafy suburbs

My son is at university studying bio vetinary science
My daughter is a Gothic model but supplements that with bar work
My eldest son runs his own business
My second son works in finance.
I provided supported lodgings to challenging youths for three years
I do 40 hours voluntary work a month
I support animal welfare and dog rescue charities.

My experience is my ow. As is yours. Its not about a pissing contest. I am comfortable with who I am as a human and feel I contribute to society even if I don't like or trust many people. So don't make assumptions about me.I don't fit into any one box

None wanted to do manual work. Eldest did construction at college then went down the business route.

 

[So Long Architect]

Not manual labour is it doh !

Right. OK.

 

[Sniffer]

Not manual labour is it doh !

My youngest wants to be a Power Ranger - he'd need to be fit so would that count?

 

[Deutsch Wolf]

Not manual labour is it doh !

Has there ever been a period when people aspired to do manual labour for 40-50 years?

I mean I get that the 1970s were the land of milk and honey but I have a sneaking suspicion that things weren't quite as rosy then as they're painted now.

 

[Papper]

I don't believe the price against the Euro should have effected inflation (Although some will have band wagoned it), however the price against the dollar has got to have had an impact, especially on companies working on tight margins.

The devaluation of the £ against the $ can also have positive effects on the economy. Maybe a short term hit is necessary for long term gain.

 

[Papper]

I think Brexit will create inflationary pressures over and above what we would otherwise have expected.

Generally, the economy was fucked up prior to Brexit and will continue to be fucked up after Brexit. While the gap between the super rich and the poor widens that will always be the case. I hope a new generation of Politicians emerge following Brexit that will appeal to the masses and tackle this problem. Thankfully, the EU is now irrelevant.

 

[Deleted Cyber]

Has there ever been a period when people aspired to do manual labour for 40-50 years?

I mean I get that the 1970s were the land of milk and honey but I have a sneaking suspicion that things weren't quite as rosy then as they're painted now.

I left school in 1980. Trades were actively encouraged as careers. Electricians bricklkayers plumbers. On a par with anything else

 

[Tony Towner]

Brexit has no effect on inflation this year (in terms of the price rises)

Grab yourself an Argos Catalogue from before Xmas and then compare the prices versus the one which went live in January and then come back and say that again.

 

[Deutsch Wolf]

I left school in 1980. Trades were actively encouraged as careers. Electricians bricklkayers plumbers. On a par with anything else

Sparkies and plumbers are still incredibly in demand.

Vocational education in this country has always been absolutely shit.

 

[So Long Architect]

I left school in 1980. Trades were actively encouraged as careers. Electricians bricklkayers plumbers. On a par with anything else

The 1980s - such a glorious time for the manual worker!

Surely the truth is that over the decades since you left school, the British economy has been transformed, for better or worse, from one based on manufacturing to one based on services. Those jobs just don't exist any more and never will again, at least not in the number that would make a massive difference to the employment profile of the nation.

And if you think the decline of manufacturing in Britain has anything at all to do with our membership of the EU, you simply haven't been paying attention to domestic politics over the last 40 years.

 

[Papper]

Grab yourself an Argos Catalogue from before Xmas and then compare the prices versus the one which went live in January and then come back and say that again.

How do you explain the upward trend in inflation prior to Brexit? I'm not saying Brexit hasn't impacted but it's not the only factor. Much uncertainty will dissipate over the next couple of years. Opportunities for many, competition, new markets e.t.c. I won't mention the cost of good artificially kept high because of the EU and its protectionism.

 

[Deleted Cyber]

The 1980s - such a glorious time for the manual worker!

Surely the truth is that over the decades since you left school, the British economy has been transformed, for better or worse, from one based on manufacturing to one based on services. Those jobs just don't exist any more and never will again, at least not in the number that would make a massive difference to the employment profile of the nation.

And if you think the decline of manufacturing in Britain has anything at all to do with our membership of the EU, you simply haven't been paying attention to domestic politics over the last 40 years.

But they do exist. They just can't fill the vacancies. When I retired i looked at going back to being a sparky but there was no easy route. It would have required a pretty complete retrain or finding someone to take on a 52 year old apprentice!

I haven't said that about the eu. Much good came from membership. However they morphed into something other than what I wanted. No federal states of eu for me ta.

 

[Tony Towner]

How do you explain the upward trend in inflation prior to Brexit? I'm not saying Brexit hasn't impacted but it's not the only factor. Much uncertainty will dissipate over the next couple of years. Opportunities for many, competition, new markets e.t.c. I won't mention the cost of good artificially kept high because of the EU and its protectionism.

You said Brexit won't have an affect on inflation this year. I can tell you that in the industry in which I work - electrical appliances costs have increased by around 17% as a direct result of Brexit given the Pounds fall against the Dollar, this has lead to an average of around 10% being passed on to the retailer who in turn have passed this on to the consumer. This isn't hypothesis, it's fact.

 

[Penk Wolf]

The devaluation of the £ against the $ can also have positive effects on the economy. Maybe a short term hit is necessary for long term gain.

Go on then?

 

[Deleted Cyber]

How do you explain the upward trend in inflation prior to Brexit? I'm not saying Brexit hasn't impacted but it's not the only factor. Much uncertainty will dissipate over the next couple of years. Opportunities for many, competition, new markets e.t.c. I won't mention the cost of good artificially kept high because of the EU and its protectionism.

People in the money business make money from the money business and markets. I haven't seen or heard of many stockbrokers suiciding as their markets crashed around their ears post brexit vote. Quite the opposite. I expect them to continue to make money out of tyhe rest if us post brexit too.

 

[Penk Wolf]

Sparkies and plumbers are still incredibly in demand.

Vocational education in this country has always been absolutely shit.

My daughter's has just picked her options, my personal opinion, the way schooling has gone is terrible if you are not academic. Not one option was Vocational.

 

[Tony Towner]

Go on then?

All that manufacturing we don't do any more will be cheaper for us to export