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lordnoise
17 Feb 17 23:29
Joined:
Date Joined: 27 Jun 02
| Topic/replies: 56,285 | Blogger: lordnoise's blog
I'm not sure what I expected when I left the polling station in June but can someone let me know in hard cash terms when a fairly ordinary bloke like me/us will see a monetary benefit from Brexit ? At the moment in my world the tally stands like this :

1. Summer holiday cost gone up
2. Cost of holiday money gone up
3. Petrol/diesel price s gone up
4. Prices in supermarkets starting to rise

Be good to hear from anyone who feels they've benefited financially yet.
Pause Switch to Standard View The Brexit pound in my pocket ...
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Report DStyle February 17, 2017 11:31 PM GMT
2035.

next question
Report akabula February 17, 2017 11:34 PM GMT
Don't prices generally rise from time to time?
BTW we aint out yet.
Report The Leopard February 17, 2017 11:45 PM GMT
Share prices are at record levels.....so your pension is worth more
Report The Leopard February 17, 2017 11:48 PM GMT
Much more easy to export so more jobs are being created so if you lost your job you could find another job more easily
Report The Leopard February 17, 2017 11:50 PM GMT
Don't go on holiday abroad…… What are you a traitor!…… Let's keep your money in UK
Report lordnoise February 17, 2017 11:58 PM GMT
LOL - not quite ready for my pension yet OR for holidays in Morecambe ...
Report casemoney February 17, 2017 11:59 PM GMT
Decent weather can be Found in Jaywick
Report stickyvicky February 18, 2017 12:34 AM GMT
Tunisia and Egypt very cheap at the moment.
Report Shab February 18, 2017 2:08 AM GMT
26 October 2013. That is the last time the GBP/Euro rate was what it is today.

On that day oil was $100 a barrel. Today it is $53.

So to answer your question in terms you might understand: you are already richer than you were in October 2013.
Report lfc1971 February 18, 2017 9:32 AM GMT
it`s ok, you can leave.
Report lfc1971 February 18, 2017 9:35 AM GMT
are things better in France or Germany or Spain? , I don`t know.
I went to Turkey once and can say its not the place for me.
And Poland, very boring.
Report lordnoise February 18, 2017 10:04 AM GMT
I'm not sure I feel richer than I did 2013 Shab and while barrels of oil might be cheaper now litres of it at my local garage certainly are not.
Report lfc1971 February 18, 2017 10:50 AM GMT
the average middle and working class person in Britain were richer 30  years ago than they are now, that's why we are leaving

will things be any better now we are leaving? no one knows, but it`s unlikely.
Report mememe February 18, 2017 12:52 PM GMT
lfc1971
18 Feb 17 10:50
Joined: 06 Nov 11
| Topic/replies: 11,611 | Blogger: lfc1971's blog
the average middle and working class person in Britain were richer 30  years ago than they are now, that's why we are leaving

will things be any better now we are leaving? no one knows, but it`s unlikely.



Too true, lfc.

That's why I couldn't believe that all those voting to stay believed the forecasts and dire warnings about what would happen.
Nobody knew and now they're changing their forecasts.

If they had another referendum then I think (don't know obviously) that it would be a lot bigger than 52% out, especially after Blair's intervention.

Con them once with the WMD fear, but you won't con them twice, Tony.
Report Dotchinite February 18, 2017 1:02 PM GMT
What sort of person would judge Brexit's success on weekly or monthly currency movements. (other than United Biscuits and he is only fishing)
Report smartie3 February 18, 2017 1:20 PM GMT
cannot measure quality of life
Report smartie3 February 18, 2017 1:21 PM GMT
you only feel it..and we needed to feel change as inside Europe the feeling is not nice. That's why our friends across Europe will also vote for change this year
Report mememe February 18, 2017 3:53 PM GMT
smartie,

the whole thing will go t!ts up before the EU allow the plebs to have their say ...

Greece, Italian Banks on the horizon.

Not sure if Dutch and French electorate will totally do the right thing, but what'll sink it, well in Bill Clinton's immortal words ...

"I did not have sex with that woman", err, no "it's the economy, stupid"

It's the economy that will sink the EU.  NAP
Report akabula February 18, 2017 4:13 PM GMT
OP living with his head in the sands. Sad
Report lordnoise February 18, 2017 9:01 PM GMT
On this site of all sites 'show me the money' should be the question when it comes to anything including Brexit. On one hand we've negative, moaning remainers while on the other there are those that feel good having gotten control of our laws and immigration policy back.

Trouble is that you cant spend feelings.

Like I say let me know if/when you feel you've gained or lost financially from the Brexit vote.
Report Ibrahima Sonko February 18, 2017 9:08 PM GMT
Shame you obsessed with money, not about more important factors.
Report lordnoise February 18, 2017 9:11 PM GMT
Listened to politicians too long IS - not interested anymore beyond basic human rights.
Show me the money!
Report Clouseau February 18, 2017 9:14 PM GMT
I am sure that the pound's demise against the euro and the dollar will have been noted by would-be illegal immigrants and that the UK has, consequently, become a less sought after final destination for them.
Quids-In all round imo.
Report unitedbiscuits February 18, 2017 9:56 PM GMT
It's like this, lordnoise.
Since June 23rd, sterling has declined 12 and 20% against the Euro and the USD.
The consequence on this site is that your Betfair balance, if it is in sterling, is worth 12-20% less than others playing against you in Euros or Dollars. They can call you when you go all-in, with money to spare; you can't.
And just as you are now their poor relation on this exchange, so it is in real life. All your sterling denominated assets, cash, salary, house, pension, have been devalued along with the plunging currency, caused by the Brexit vote. For sure you are not poorer by 12/20% (three quarters of trade is internal) but you are certainly poorer.
Someone will come back with some advice to look at a ten-year graph, as if fear of Brexit had any bearing on the exchange rate before 2015. They'll probably try to tell you that the graph has some hidden message that you need to understand. Tell them that you have been looking at graphs on this site for fifteen years and there's no secret to them.
The next thing they'll tell you is that the decline in sterling was an "overdue correction," and that the pound has now found its true level. Anyone who says something "was" overvalued is a bull****, ask them to post their bets, ta. Next thing they'll say is that currencies always fluctuate and the £ will soon rise; again, post your bets, ta.

Lastly, they'll say Brexit is not about money.
Report lordnoise February 18, 2017 10:12 PM GMT
Thanks for sharing IB. Sounds like your biscuit companies about to go bust however I'm a simple biscuit eater and at the moment I can cope with the odd pence on a packet as long as its temporary ...
Report unitedbiscuits February 18, 2017 10:16 PM GMT
Thanks for the concern, lordnoise, my family will always be all right. There are steps one can take to mitigate the damage.
Report lordnoise February 21, 2017 10:22 AM GMT
From the Channel 4 Despatches programme last night (warning - probably remainers)

Dispatches found price rises of more than 5% across a range of essential food categories in our leading supermarkets

In Tesco, the price of flour rose by 6.1%
In Sainsbury’s, bags of frozen vegetables rose by 5.5%
In Asda, bottles of chilled juice soared by 6.6%
In Morrison’s, tubs of ice cream rose by 8.2%

And it’s not just imported foods that have been affected by the fall in the pound. Some of the highest price rises have been on dairy foods, butter, cheese and milk – which are produced right here in the UK by British dairy farmers.
The Clothier family have been making cheese for 200 years. The milk used in its cheddar comes from British farmers – but because their milk is bought and sold around the world, the price is actually set on the international market. So when the value of the pound fell, the price of milk rose.

And as the cost of products is frequently changing consumers may not necessarily notice when prices go up. To give an example, last month, Tesco put 37 of its beers onto multi-deal promotions. But what shoppers might not have noticed is that the price of the beer when bought individually had gone up by an average of 16% a bottle.
Report Breedingmad February 21, 2017 11:27 AM GMT
I wonder if it has ever happened before that a country has voted to impoverish a large part of their population
to stop a few immigrants coming in and send a message to a large organization they don't like the way they run
things.
Report Dr Crippen February 21, 2017 11:45 AM GMT
can someone let me know in hard cash terms when a fairly ordinary bloke like me/us will see a monetary benefit from Brexit ?

We haven't left the EU yet.

In fact we can't possible leave for another two years. That will be nearly three years since the referendum vote.

Do people seriously think that merely the expectation of us coming out of the EU, could affect the value of the pound to the extent that we are seeing?

The weakness in the pound was ingrained years before the Brexit vote, and was due to the UK's massive programmes of QE.
Which is another form of printing money, devaluation, call it what you wish.
Inflation is another consequence of QE, and that again can be blamed on devaluation.

The stock market doesn't seem to mind the UK coming out of the EU.
In fact it took off straight after the result of the vote was announced.

So don't fall for the remoaners propaganda and blame Brexit for the fall in the pound.
Get real, the culprit was QE, and the pound has simply carried on along the same route it was on before the referendum was even announced.
Report Dr Crippen February 21, 2017 11:53 AM GMT
And here's another fact that people should be aware of.
The weakness in the pound is highly desirable for the economy in the current climate.

If the pound wasn't weak. The people in charge of these matters would take steps to ensure that it would be.
Report Breedingmad February 21, 2017 11:53 AM GMT
The value of the pound is what international markets put on the U.K. so of course immediately after Brexit the pound
dropped by 15% against most world currencies as we will become much poorer and the outlook is bleak it's not a long
term thing when currency drops overnight it's a resetting of the U.K.'s value in the World.
Report lfc1971 February 21, 2017 11:57 AM GMT
control of immigration is the only way to improve living standards.
average wages have fallen and will continue to fall throughout Europe.
We should not pay them any money for future projects either , they will have to scrap those
if they can't get by without Britain.
Report Breedingmad February 21, 2017 12:01 PM GMT
Rubbish!, blaming immigration for the ills of this country is simply stupid.
Report lordnoise February 21, 2017 12:02 PM GMT
No doubt educated and high minded stuff which I'll try and remember when I get to the check out at the end the family shop this weekend Laugh
Report lfc1971 February 21, 2017 12:04 PM GMT
Don't worry about the value of the pound in relation to the US dollar or euros or whichever currency china has
It's irrelevant to the individual within those countries
Report Breedingmad February 21, 2017 12:06 PM GMT
Brexiters seem happy to pay higher prices, I just don't get it maybe they know something my
wallet doesn't!Laugh
Report lfc1971 February 21, 2017 12:07 PM GMT
Is the weekly shop more costly in China than Britain? I don't know
Report lfc1971 February 21, 2017 12:08 PM GMT
Is it more costly in America ? I don't know
Report lfc1971 February 21, 2017 12:09 PM GMT
Is it more costly in France ? I don't know
Report Dr Crippen February 21, 2017 12:09 PM GMT
By the way lfc1971,
stewarty told about your support along with his during my enforced absence.

Thanks for that.
Report lfc1971 February 21, 2017 12:11 PM GMT
Thanks Doctor, you're welcome .
Report Breedingmad February 21, 2017 12:12 PM GMT
You don't know much did you vote for Brexit by chance?
Report lordnoise February 21, 2017 12:16 PM GMT
All I know is the last time my mate did a booze and **** run to France/Belgium just before Xmas he came back with a white face and put his prices up by 10%.(and hes from Barbados!!!!).
Report Breedingmad February 21, 2017 12:28 PM GMT
But Farage said the Euro was failing...
Report Dotchinite February 21, 2017 1:17 PM GMT
The Euro is failing and has no possible chance of surviving in the medium term. Look at what its doing to Italy for a start.

The biggest joke about "remainers" is they all seem to think Europe is going to be this prosperous block in the coming years whilst we struggle on the outside. None of them seem even slightly aware how its all falling apart month by month.
Report Foinavon February 21, 2017 1:20 PM GMT
Dr Crippen is right about QE.
Also, let us not forget that the BOE cut interest rates in half to 0.25% last August making the pound less attractive to foreign investors.
In effect, the BOE engineered the fall in the pound following Brexit.
Report TheGoldenVision February 21, 2017 1:20 PM GMT
More to the point, we haven't even left the EU yet. Nowt to do with Brexit... more like speculators and chancers making a killing. I never saw the prices in shops tumble whenever the pound strengthened against the euro and the dollar! How does that work?
Report Stow_judge February 21, 2017 1:22 PM GMT
Dr Crippen   
“The stock market doesn't seem to mind the UK coming out of the EU.
In fact it took off straight after the result of the vote was announced.
So don't fall for the remoaners propaganda and blame Brexit for the fall in the pound.
Get real, the culprit was QE, and the pound has simply carried on along the same route it was on before the referendum was even announced.”

A fair part of the weakness in the pound  and  the stock market rise can be attributed directly to consequences of Brexit.
It’s largely about uncertainty. We don’t know whether we will be able to get a favourable trade deal with the EU. There is some doubt about passporting in the city, which could have an enormous effect on our huge financial industry.
A significant part of the FTSE100 rise is down to overseas earnings, which when converted back to pounds at the lower rate, has a favourable effect on company earnings.

I think we will come out well in the long term from Brexit, but it could take some years before things pan out.
Report Breedingmad February 21, 2017 1:23 PM GMT
So many Brexit experts we have a plethora of genius.
Report jamesdean February 21, 2017 2:11 PM GMT
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lordnoise

lordnoise
21 Feb 17 10:22
Joined: 27 Jun 02
| Topic/replies: 1,849 | Blogger: lordnoise's blog
From the Channel 4 Despatches programme last night (warning - probably remainers)

Dispatches found price rises of more than 5% across a range of essential food categories in our leading supermarkets

In Tesco, the price of flour rose by 6.1%
In Sainsbury’s, bags of frozen vegetables rose by 5.5%
In Asda, bottles of chilled juice soared by 6.6%
In Morrison’s, tubs of ice cream rose by 8.2%

And it’s not just imported foods that have been affected by the fall in the pound. Some of the highest price rises have been on dairy foods, butter, cheese and milk – which are produced right here in the UK by British dairy farmers.
The Clothier family have been making cheese for 200 years. The milk used in its cheddar comes from British farmers – but because their milk is bought and sold around the world, the price is actually set on the international market. So when the value of the pound fell, the price of milk rose.



I watched the same programme and found it odd why these mentioned supermarkets had all upped their prices yet Aldi and Lidls' prices haven't moved.

Now why is this, is it because they (tesco, waitrose, morrisons) are taking the p1ss or is it because Aldi and Lidl are somehow the only supermarkets not affecting by Brexit?
Report Breedingmad February 21, 2017 2:23 PM GMT
Thought it as simple economics price of imported goods rises pass the price rise
onto customers otherwise you no longer make a profit..
Report Burt06 February 21, 2017 2:31 PM GMT
nobody takes anything seriously that dispatches puts out. just part of the failed project fear.

Food prices could drop by hundreds of pounds a year if tariffs are axed


Lamb chops, fresh prawns, wine, strawberries and honey are just some of the items that could see significant price decreases
FAMILY shopping bills could plummet after Britain leaves the EU, it was revealed yesterday.

Hundreds of pounds a year may be wiped off the cost of a household’s food and clothing, the study by Brexit campaign Leave Means Leave reports.

Savings would come as tariffs on a wide range of goods imported from outside Europe — also booze, electrical items and cars — are AXED.

The food and drink gains include tasty treats from lamb chops and fresh prawns to prosecco, wine, strawberries and honey. But the potential bonanza goes beyond grub.

John Longworth, of Leave Means Leave, said: “Britain will be able to secure free-trade deals with the rest of the world and get better prices for British families when they shop for food and drink, clothes, cars and electrical goods. The EU has been incompetent at securing free-trade deals with the rest of the world so Brexit offers a huge opportunity.”

Below we highlight the potential tariff-free savings on food and drink.

Only last week Brits were told that by the end of this year, the weekly food shop will be £5 dearer.

This is being blamed on the falling Pound and flooding in Spain. Leave Means Leave says this may all change when a new, global Britain is free to trade with non-EU countries without paying a premium.

There is a note of caution. Price cuts will depend on retailers passing the savings from import tariffs, which vary from product to product, on to shoppers.

And the EU could slap duty on their produce post-Brexit — but Mr Longworth believes Brits would then just buy more from outside Europe.

At least 35 countries are queuing for free-trade deals with post-Brexit Britain, it was revealed yesterday. They include the US, Australia, Brazil, Switzerland, New Zealand, Norway, Turkey and several Gulf states.

Jayne Adye, head of campaign Get Britain Out, said: “This destroys Project Fear. The UK will not be isolated and doesn’t need the EU’s so-called clout. We have our own clout and the world can see it.

“Trade deals tailored to our economy are now possible, rather than time-consuming compromises with EU states. Deals will be in the interests of the UK and our trade partners, rather than sacrifices to help Spanish tomato growers or facilitate visas for Romanians.”

https://www.thesun.co.uk/news/2900015/food-prices-could-drop-by-hundreds-of-pounds-a-year-if-tariffs-are-axed-after-brexit-anti-eu-campaigners-claim/

once we are free from the galactico corruptos of the EUSSR we will BOOM

LEAVING THE BUILDINGCool
Report jamesdean February 21, 2017 2:40 PM GMT
If that is the case breeding, then why have Aldi and Lidl not upped their prices?  Are they noy affected by Brexit for some reason

The truth is, supermarkets and suppliers have been putting their prices up way before brexit or the fall of the pound, this isn't a new thing. The only new thing is they now use brexit as an excuse.
Report Breedingmad February 21, 2017 2:51 PM GMT
They must have hedged the Euro but eventually the pound euro hedge will end and they will then raise prices.
Report lordnoise February 21, 2017 5:31 PM GMT
Good to read that positive Sun article Burt even if there are a fair few 'ifs' and 'coulds' in amongst it all. owever just as I pointed out that Channel 4s Despatches programme was probably put together by cheesed off remainers I have to point out that the Sun cheerfully supported Brexit.

Seems to me it could be a while before I see any financial benefit from Brexit and as I don't have much in the way of reserves I only hope I can keep my head above water until we get to wherever were all going ...
Report ZenMaster February 21, 2017 6:21 PM GMT
You could always blame Brexit for your situation, if that makes you feel any better?Happy
Report Dr Crippen February 21, 2017 6:44 PM GMT
God helps those who help themselves.

It says that in the Bible.
Report Dr Crippen February 21, 2017 6:45 PM GMT
''And ask not what your country can do for you, ask what you can do for your country.''

That was Jack Kennedy sounding off in 1961.
Report Dr Crippen February 21, 2017 6:47 PM GMT
And my favourite:

''Never give a sucker an even break.'' - W C Fields.
Report Breedingmad February 21, 2017 6:48 PM GMT
Thanks I feel a lot richer even though I'm skintLaugh
Report Dr Crippen February 21, 2017 6:55 PM GMT
We're all on tenterhooks at the moment Breedingmad.

Is the FTSE100 consolidating it's high position ready for a thrust upwards into the unknown. Or are the powers that be offloading their stocks ready for another move down.

Worrying times indeed.
Report ZenMaster February 21, 2017 7:18 PM GMT
Breeding mad you are skint because you are useless.

However, "You come into this world with nothing, you leave this world with nothing"

You will be fine.
Report Dr Crippen February 21, 2017 7:21 PM GMT
^I've heard it said clearer.


But not a lot.
Report Breedingmad February 21, 2017 7:28 PM GMT
I'm not skint I was joking. I'm actually loadedWink
Report Breedingmad February 21, 2017 7:29 PM GMT
I just worry for all those poor people who voted for Brexit in the hope it would improve
their livesLaugh
Report Dr Crippen February 21, 2017 7:33 PM GMT
If that's the case, then I'm sure we're all happy for you Bm.
Report ZenMaster February 21, 2017 7:34 PM GMT
Said like a true snowflake ' I just worry.......'

Man up, start earning some money and was behind your ears before you go to bed.

Free advice.
Report ZenMaster February 21, 2017 7:35 PM GMT
Man up, start earning some money and wasH behind your ears before you go to bed.
Report Dr Crippen February 21, 2017 7:37 PM GMT
Well you'd better start feeling sorry for those who voted to remain, and thought that leaving would make their lives worse because we're coming out.
Report ZenMaster February 21, 2017 7:40 PM GMT
I might start worrying about the Remainers who still expect the worse case scenario but are too frightened to move to another EU country.

It must be worrying being so frightened all the time.
Report lordnoise February 22, 2017 8:06 PM GMT
lordnoises new holiday destinations

Syria, Egypt, Turkey, Mongolia

https://uk.style.yahoo.com/mapped-countries-grown-more-expensive-151211794.html

Egypt and Turkey are great (or used to be)
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