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This is a normal post It's better than this vote leave simulator
Watch the mayhem
 (emptyspace, Mon 27 Jun 2016, 12:01, Reply)
This is a normal post That's actually very good news
for me, as parts for my old Brit cars are now a lot cheaper to import :D
 (I helped save b3ta! Tusk knows where you live, Mon 27 Jun 2016, 12:03, Reply)
This is a normal post A bunch of city spivs that don't actually make anything loose their shirt whilst UK manufacturing exports get cheaper?
*bursts into tears*
 (I helped save b3ta! Cerebus Sticky! Sticky! Stick! Stick!, Mon 27 Jun 2016, 12:20, Reply)
This is a normal post pensions take a massive hit
the cost of goods at home increases, petrol duty increases etc.

to think that the stock market is an "isolated bunch of things which don't affect you" is very strange...

Uk manufacturing exports getting cheaper helps a strong manufacturing base... which we don't really have,

where did you study economics? weatherspoons?
 (DefyingDarwin Old, untalented and white,, Mon 27 Jun 2016, 12:40, Reply)
This is a normal post Ok, enough of the insults.
Like I would be seen dead in a weatherspoons......

Didn't study economics, but I did study how this country year on year saw it's manufacturing base run down whilst the Tories and New Labour bent over for the city who fucked us all over. Whole towns on the dole because the government got a hard on for financial services.

There probably will be pain over the next few years but I would rather that pain now and build this countries manufacturing base up again than later when the next time the city needs bailing out.

BTW doesn't mean anything but I do have a modest amount of shares in a UK company that manufactures. Up 25.99% so far today.

*eats croissant*
 (I helped save b3ta! Cerebus Sticky! Sticky! Stick! Stick!, Mon 27 Jun 2016, 13:04, Reply)
This is a normal post Building a manufacturing base is a lot easier when you have trade agreements.
We don't.
 (emptyspace, Mon 27 Jun 2016, 13:37, Reply)
This is a normal post This FUD again
Until the negotiations are concluded and agreed upon, we're still a member and party to those agreements. We haven't even opened the negotiations yet.

Negotiations are expected to take two years, with a possible year's extension. That should be sufficient for a properly motivated team to conclude parallel negotiation for replacement agreements.
 (I helped save b3ta! evil_andy Stick stick stick stick sticky sticky stick stick, Mon 27 Jun 2016, 14:13, Reply)
This is a normal post The two year negotiations only relate to the 'divorce' proceedings,
not the replacement arrangements which are likely to take a lot longer (at least 7 years according to optimistic EU officials).
Until those negotiations are concluded it is impossible to tell what the trade position will be with the EU (let alone the rest of the world) and will act as a strong disincentive to invest in the UK.
 (emptyspace, Mon 27 Jun 2016, 14:36, Reply)
This is a normal post The key word I used was "parallel"
And it's in neither side's interests for the negotiations to last seven years. Two to three seems like a reasonable time span. Some trade deals have taken a lot longer, and some have taken a lot less time. The key is how motivated both parties would be to find a solution. I'd suggest in this case the answer would be "very".
 (I helped save b3ta! evil_andy Stick stick stick stick sticky sticky stick stick, Mon 27 Jun 2016, 15:20, Reply)
This is a normal post Does the civil service contain sufficient numbers of experienced trade negotiators
in order to conduct such a massive undertaking as to renegotiate all our agreements in parallel?
 (I helped save b3ta! wheresthefish Partly filled with wrong, Mon 27 Jun 2016, 15:36, Reply)
This is a normal post Well if it doesn't
then you've just created a large number of skilled job opportunities. Hooray!
 (I helped save b3ta! evil_andy Stick stick stick stick sticky sticky stick stick, Mon 27 Jun 2016, 16:19, Reply)
This is a normal post If they can be conducted in parallel, fine.
The optomists are still saying seven years to negotiate a new UK-EU trade deal. The US, China, India and Japan have stated they will not start trade talks with the UK until the UK-EU deal is finished. I'm not convinced both parties are very motivated, just the UK.
 (emptyspace, Mon 27 Jun 2016, 17:55, Reply)
This is a normal post Yes we do.
And those we do will last at least 2 years from when we decide to leave.
After that, if everyone has decided to go on holiday and not work out some deals, in this extreme case we can trade with tariffs under WTO rules.
 (I helped save b3ta! Cerebus Sticky! Sticky! Stick! Stick!, Mon 27 Jun 2016, 16:44, Reply)
This is a normal post Until the deals are signed and sealed on the replacement of the EU based trade agreements,
investing in manufacturing in the UK will be very risky and this will deter investment.
 (emptyspace, Mon 27 Jun 2016, 18:10, Reply)
This is a normal post That's a different aspect and dependent on what happens in the next few months.
So you agree that we currently do have trade deals?
 (I helped save b3ta! Cerebus Sticky! Sticky! Stick! Stick!, Mon 27 Jun 2016, 18:24, Reply)
This is a normal post The UK does not, the EU does.
This is semantics but as we have voted to leave the EU no business can gaurantee the nature of the trade arrangments from this point forward.
 (emptyspace, Mon 27 Jun 2016, 18:29, Reply)
This is a normal post No it's not semantics.
We have at least 2 years of trade agreements because that is how long we will still be a member of the EU for.

that is very different to your assertion that we currently have no trade agreements.
 (I helped save b3ta! Cerebus Sticky! Sticky! Stick! Stick!, Mon 27 Jun 2016, 18:52, Reply)
This is a normal post This is very much an argument based on semantics.
What I take as the meaning of 'we have' is different from what you take the meaning to be, that is all.
The point, that you are choosing to ignore, is that by voting to leave the EU we have created significant uncertanty that will deter investment in the UK and in particular in UK manufacturing.
 (emptyspace, Mon 27 Jun 2016, 19:13, Reply)
This is a normal post If that was your point
You should have mentioned it, instead of asserting that we no longer have any trade deals.
 (I helped save b3ta! evil_andy Stick stick stick stick sticky sticky stick stick, Mon 27 Jun 2016, 23:35, Reply)
This is a normal post Can I point you to
this and this and the previous posts where I have explained what I mean when I say we have no trade deals.
 (emptyspace, Mon 27 Jun 2016, 23:56, Reply)
This is a normal post Oh, I'm sorry
I thought you meant this in which you asserted quite clearly we have no trade deals. My mistake.
 (I helped save b3ta! evil_andy Stick stick stick stick sticky sticky stick stick, Tue 28 Jun 2016, 0:03, Reply)
This is a normal post Shame we rely on imports so much that drops in the pound result in significant inflation.
More expensive clothes, food, gas, electricity, white goods, other electrical goods and so on (the UK is a net importer of manufactured goods). That means lower sales volumes for retailers which means pay cuts and job losses which results in lower pay; people getting poorer.
The city spivs are not losing their jobs or money (they trade with other peoples wealth), at worst they are being moved to Dublin, Luxembourg, Frankfurt or Paris.
Vote leave won and we are all poorer because of it.
 (emptyspace, Mon 27 Jun 2016, 12:46, Reply)
This is a normal post Yes, supermarkets may have a harder time importing from the EU.
So they'll have to source more locally (good for UK producers and the environment).
This may Increase food prices true but I suggest there's 2 things that will work against that. Those being people not willing to pay increased prices and going to the discounters Aldi and Lidl who will have no problems sourcing.

Yes we are a net importer of manufactured goods, when is a trade deficit seen as a good thing?
 (I helped save b3ta! Cerebus Sticky! Sticky! Stick! Stick!, Mon 27 Jun 2016, 17:13, Reply)
This is a normal post The National Farmers Union were pointing out that only 60% of the food in the UK is grown here.
This country can not grow enough food by itself to feed its own population and its climate only allows for certain crops.
The price of imported food will increase no matter which supermarket you buy it from.
Trade deficits are bad, thats why it has been beneficial to have a financial sector as a net exporter, helping to reduce that deficit.
 (emptyspace, Mon 27 Jun 2016, 18:03, Reply)
This is a normal post You know that commonwealth that the EU effectivly blocked us from making trade deals with?
That.
 (I helped save b3ta! Cerebus Sticky! Sticky! Stick! Stick!, Mon 27 Jun 2016, 18:19, Reply)
This is a normal post Still more expensive due to the devaluation of the pound.
The UK used its influence to get the EU to negotiate trade deals with commonwealth countries.
 (emptyspace, Mon 27 Jun 2016, 18:33, Reply)
This is a normal post
"This country can not grow enough food by itself to feed its own population and its climate only allows for certain crops."
So the possible answer is commonwealth, agreed?

I've already conceded that prices may go up and the possible negating factors on that.

"The UK used its influence to get the EU to negotiate trade deals with commonwealth countries."
Well I guess commonwealth countries will be looking to thank us then with a speedy trade agreement then!
 (I helped save b3ta! Cerebus Sticky! Sticky! Stick! Stick!, Mon 27 Jun 2016, 18:55, Reply)
This is a normal post You can buy the food from whoever will sell it cheapest, no one cares.
So long as you understand my original point:
Vote leave won and we are all poorer because of it
 (emptyspace, Mon 27 Jun 2016, 19:06, Reply)
This is a normal post In other news the FTSE100 has crashed
to a level not seen since... oh. Two weeks ago.

It's just bog-standard market volatility. As you were.
 (I helped save b3ta! evil_andy Stick stick stick stick sticky sticky stick stick, Mon 27 Jun 2016, 13:14, Reply)
This is a normal post And that volatility is in no way connected?
Bog standard my arse.
 (I helped save b3ta! wheresthefish Partly filled with wrong, Mon 27 Jun 2016, 13:21, Reply)
This is a normal post Did I say it was unconnected?
There's been a drop, but it's smaller than the drop in the gap in the six months from the start of December. Everything needs to be viewed in context.
 (I helped save b3ta! evil_andy Stick stick stick stick sticky sticky stick stick, Mon 27 Jun 2016, 14:15, Reply)
This is a normal post So, a six month drop
that coincides with the referendum announcement, followed by the equivalent 6 months of the same downward trend in a day.
Nothing to see here.
 (I helped save b3ta! gaijintendo Regular Member, Mon 27 Jun 2016, 18:19, Reply)
This is a normal post I didn't post a link to the FTSE100 for this reason.
The biggest gains on the FTSE100 on friday occured in precious metal extraction companies that have little/no presence in the UK and probably report their accounts in dollars. The FTSE100 is not a reliable economic indicator, the value of the pound is, it directly affects the UK economy.
 (emptyspace, Mon 27 Jun 2016, 13:40, Reply)