Sal Paradise wrote:
Perhaps if we use our own produce or goods manufactured here that will reduce the chaos e.g. meat, vegetables etc. maybe the reduction in choice is a negative externality of Brexit - no bad thing in view.
Maybe my understanding is incorrect but I thought the object of the benefit system was to ensure that every person had a minimum net income - so if you are on a low salary the government tops that up to an agreed level. So slashing the amount people earn surely just increases the benefits the government has to pay to ensure the agreed minimum is adhered to?
Those who are unfortunately unable to work will see no difference which ever way Brexit goes - their benefits will be unchanged.
Oh dear, missing the point again
First of all, why the hell should we be doing anything that will his OURSELVES negatively ??
Secondly, the UK is a HUGE net importer, especially when you remove our invisible exports from the ledger.
Yes, we could use British bacon and lamb etc but, get real man.
Regarding benefits etc.
I'm not sure that any of us want to rely on benefits and those whop work full time and still receive them is a modern day scandal, effectively subsidising businesses for getting labour on the cheap.
Inflation will be the major factor, which will hit those in work, pensioners and those on benefits.
If you've been abroad since the referendum, you will have noticed that the exchange rate with the Euro is almost equal 1 pound = 1 euro (almost) and 1 pound = 1 dollar 22 cents
3 years ago (at the time of the referendum those rates were roughly 1.3 euros to the pound and 1.45 dollars to the pound. Therefore increasing the cost of everything that we buy based on those currencies, which will include China and India etc who tend to trade with the UK based on USD value.
This doesn't move inflation in a direct line. However you will notice everything from Mars Bars, Crisps etc all shrinking in size, which allows the manufacturers to hide some of the inflation.
However the very fact that the Pound has lost 30% of its value against the Euro, tells you just how strong the UK actually is.
WE keep being told that unemployment is down and employment is at record levels but, growth rates BEFORE any cliff edge economic shock, shot only 3 countries in the G20 (the top 20 nations in the world) with growth rates worse than ours and although there may be some small comfort in knowing that Germany isn't much better placed, our last quarter showed negative growth and it's vey likely that when the cliff edge is reached, the UK will actually be in recession and yet, certain politicians seem happy for us to take a further hit.
Boris is making public spending pledges on a daily basis, which may soften the overall effect of the slowdown but, where do you actually think the UK will be in 5 years time ? Better off, worse off or about the same.
Personally, I'm certain that in real terms (taking account of inflation) we will be worse off but who actually cares ?
