Will Brexit bring prices down in UK if we do a WTO deal


#21

Here we gooooooooooooo

(Delete the thread now)


#22

No. Let it burn


#23

No, honestly, lets not. I like it here.


#24

You can’t waste all your effort trying to keep the moth from the flame


#25

And destroy twice as many.


#26

I’m 100% convinced that prices for a lot of things will go down in the UK (and the rest of the EU for that matter). For example, the T shirts we will sew and the cheap electronic gizmos we’ll assemble for the chinese market will be very cheap. Quite frankly, chinese leadership must be shaking their heads in disbelief at the stupidity of western societies and their governments (Brexit being a prime, but by far not the only example in my opinion). I consider myself a patriot, but there is no scenario I can envision in which independent nations with bilateral agreements will be able to withstand chinese hegemony in the decades to come.


#27

If it only were the Chinese … IMO USA and Russia are also very interested to get rid of one of the most competive markets in the world. If you can’t be better, buy or destroy it … problem solved. As I already mentioned: “devide et impera”.

I am absolutely convinced that a hard Brexit will generate huge benefit for some nations, organizations, and even some powerful people. The question is, who will have the benefit and who will pay the bill? At the end of the day somebody has to pay the bill. As history tells, almost everytime many ordinary people had to pay.


#28

There is an element of holding back the tide when it comes to increasing Chinese (and, Indian) growth but usually nations/regions find their niche and flourish. Unfortunately for the UK, we have systematically dismantled all our niche, strategically viable markets/sectors in one way or the other and left us sorely exposed to a right good old rogering from the rest of the world.

It is perhaps an oversimplification, but the majority of Brexiteers come from typically low income/educated areas where the whole mantra of “give us Englanders our English jobs” type argument is strong. What a lot of these people have completely lost grip of is that should Brexit go as tits up as expected, these hard done by people are still going to find themselves out of work and likely in poorer conditions.

@darenager mentioned it earlier that the UK is a very attractive economy. There is truth in that for sure, but it’s a far less attractive economy than it should have been and no amount of finger pointing by Brexiters changes the fact that the UK brought this decline on itself.

This actually leads on to why Scotland, if brave, hold some interesting cards. Scotland has huge renewable energy potential, substantial fresh water supplies. space to grow and live. But I wont drag things over in that direction too much and derail things!

Working in the banking industry, it’s largely well known that the Brexit many want will actually take at least 10 years to deliver in key sectors (Finance being one) anyway. You cant magically turn off switches with this stuff. And as long as we live in a world where money makes things turn, then the UK will be intrinsically linked to the EU for at least another decade.

So, prices will continue to increase across key sectors - I already feel it in our grocery shops. Holidays will continue to disappoint - bring back the days of $2.10 to the £1 when going to Florida! And the same old problems will remain unsolved in the eyes of those who voted to Leave.

It’s the sort of thing someone will do a Chernobyl type dramatization in 30 years time and we’ll watch it and think “Jesus Christ, what the fuck where we thinking?!”


#29

At least in the US there is some public awareness that there was foreign meddling and media manipulation at work in their Presidential election; something is very strange that the UK is so oblivious to how determined vested interests have massaged public sentiment to believe that Brexit is a good thing, or delivers anything but inferior outcomes, in any shape or form.

No doubt that London is already effectively majority-owned by overseas powers has made the mission so easy. The predators have lured the most gullible away from the EU herd, coaxing them (most ironically) with a Trojan Horse bedecked in Nationalist livery, and are already sniffing their tasty prey.
Brexit is far from the National interest.


#30

I really don’t trust Nigel Farage. He’s only in it for himself and his friends certainly not the general public.

If you are wealthy enough to ride the storm of recession then you can do very well and accumulate more property during an economic downturn. Just like in financial trading.

Watch this excellent 10 min doc from Bloomberg highlighting some dodgy antics from Farage: The brexit short


#31

I can’t speak with too much authority, because I’m not British or European.
But my prediction is that the Brits are going to have a hard time.
A big part of their GDP is from the finance sector, and that’s basically because they are the conduit between the EU and the English-speaking world. When those jobs are gone, and the manufacturing has all moved to the EU, what are they gonna do? when all the Poles and Romanians have moved back because the jobs are gone and the real estate markets?
basically they’ll be back to the economic situation of the 50s, having to start from scratch.


#32

#34

Skyrocketing property prices in Frankfurt/Germany are certainly a strong indication for an increased interest in office space outside of London’s financial district.


#35

The big UK banks are driving that too. They are purposefully setting to offices in Germany to future proof a variety of access. In short, £s will still flow through to the UK in massive quantities but the jobs that fuel it will be held by Europeans. So what will this mean for Joe Bloggs? Who knows, but Finance sector expertise, particularly in fund investments and the likes is bound to change with a significant swing out of London.

The super rich will remain super rich though…


#36

There’s no doubt that Brexit will disrupt our economy quite profoundly and will, at least in the short term, do damage. This will most likely manifest itself as the pound losing more of its value and inflation shooting up pretty high pretty quickly. The simplistic result of this is that (most) prices will go up.
Whether or not that damage will be worth it will depend on how well we can negotiate decent trade deals.
What will likely make that damage much worse and much more difficult to recover from is another 2 or 3 years of uncertainty doing the same damage.


#37

Read up on the Foundations of Geopolitics by Alexsandr Dugin.


#38

Just read an overview in Wikipedia, which points out the major objectives. It’s shockingly making sense and happening right now.

How blind can our politicians be, or are they already part of it? There comes one thing to my mind, which I think is true … “everybody is corruptable, it’s only a matter of the reward”.


#39

Crazy isn’t it?!

There’s an actual blueprint to what’s going on, which is available for all to see, and people are still scratching their heads and saying ‘I wonder why this is all going on’


#40

I spend my day reading 90% conservative, Trumpist/pro-Brexit stuff for a living. That’s my job.

What I’m thinking at the moment is that a lot of this nationalism - which seems to be everywhere - is driven by a desire to do something, anything, to escape the political sclerosis liberal democracies are in. Whether the changes are rational or not doesn’t really matter, people just want a sense that change is still is possible. And I understand that feeling. Our governments, left and right, have become incapable of doing anything on a large scale (except borrowing money to save the financial system). They can’t build dams, they can’t modernise social welfare, they can’t reform education to make sense in the 21st century, they can’t reduce inequality, they can’t raise taxes too much or lower them too much, there’s too much inertia and too many vested interests in every direction. That’s why politics is radicalising, because it’s only the nationalists and the socialists that are willing to break with convention.

anyway, the stuff about Dugin is interesting.
and to answer the original question, I think imported electronics will certainly be more expensive in the UK for many years to come. You might have to start more of your own instrument companies…


#41

F’in scary.