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.
(, Mon 27 Jun 2016, 12:46, Reply)
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?
(
Cerebus Sticky! Sticky! Stick! Stick!, Mon 27 Jun 2016, 17:13,
Reply)
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.
(, Mon 27 Jun 2016, 18:03, Reply)
You know that commonwealth that the EU effectivly blocked us from making trade deals with?
That.
(
Cerebus Sticky! Sticky! Stick! Stick!, Mon 27 Jun 2016, 18:19,
Reply)
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.
(, Mon 27 Jun 2016, 18:33, Reply)
"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!
(
Cerebus Sticky! Sticky! Stick! Stick!, Mon 27 Jun 2016, 18:55,
Reply)
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
(, Mon 27 Jun 2016, 19:06, Reply)