tzijlstra Posted October 24, 2016 Share Posted October 24, 2016 Has anyone get any real predictions about the future of the economy? GDP in 2015 was nearly £3000bn, exports £300bn and imports £420bn, if there is a 10% trade tax, so what, what is the actual cost (420-300=120, 10% = £12bn) £12bn of £3000bn = 0.4% To compare oil use in uk 2015 - 550m barrels @ $50 = £18bn, thats just the cost, avg in 2014 was around $110, so costing us nearly £38bn Did anyone blink at this £20bn? why are we overwhelmed by barely £12bn Am i a simpleton? The problem with looking at figures alone is that you miss the bigger picture. (A common problem with managers). It isn't just about the extra trade tariffs, it is about the implementation of a common single market. The biggest export product by volume from the UK is cars. These mainly get sold in the EU, Brexit might 'regain sovereignty' but it doesn't stop the car manufacturers from having to adopt EU regulation for cars. Also - adding a tariff makes the decision on where to manufacture certain cars more complex. The Dutch discovered this when Honda (made in Limburg) decided that a law making employment more expensive was enough to have Honda up sticks and move to the UK. Link to comment Share on other sites More sharing options...
tinfoilhat Posted October 24, 2016 Share Posted October 24, 2016 Yes, the banking crash was such a feature of strong growth. As was the disappearance of heavy industries in the 80s from places like Sheffield, and, ironically, the North east - which has done so, so well since then. Link to comment Share on other sites More sharing options...
unbeliever Posted October 24, 2016 Author Share Posted October 24, 2016 Yes, the banking crash was such a feature of strong growth. This is not a banking crash thread. Suffice to remind you that this was not a bursting bubble but a massive failure of government regulation. ---------- Post added 24-10-2016 at 13:37 ---------- As was the disappearance of heavy industries in the 80s from places like Sheffield, and, ironically, the North east - which has done so, so well since then. I know it's not nice, but allowing industries which are no longer good value to fail is the only reasonable option. If you force us to buy our steel from the UK instead of China then we have to pay a lot more from it which makes absolutely everything else in the economy more expensive. Creative description is not a nice way to run things, but it's the only way which works. You have to focus on growing the economy over-all as otherwise you cannot lift the standard of living of the majority. Link to comment Share on other sites More sharing options...
alchresearch Posted October 24, 2016 Share Posted October 24, 2016 Today Microsoft have announced price rises and using Brexit as the excuse. Link to comment Share on other sites More sharing options...
unbeliever Posted October 24, 2016 Author Share Posted October 24, 2016 Today Microsoft have announced price rises and using Brexit as the excuse. Get Linux. It's free. Ubuntu is quite good for beginners, although I like Centos. Link to comment Share on other sites More sharing options...
tinfoilhat Posted October 24, 2016 Share Posted October 24, 2016 This is not a banking crash thread. Suffice to remind you that this was not a bursting bubble but a massive failure of government regulation. ---------- Post added 24-10-2016 at 13:37 ---------- I know it's not nice, but allowing industries which are no longer good value to fail is the only reasonable option. If you force us to buy our steel from the UK instead of China then we have to pay a lot more from it which makes absolutely everything else in the economy more expensive. Creative description is not a nice way to run things, but it's the only way which works. You have to focus on growing the economy over-all as otherwise you cannot lift the standard of living of the majority. Overall, and I'll use place like Sunderland but you could equally use the former coalfields, do you their standard of living has improved? Unemployment is high already in many of those areas with the social problems to match. Things are going to get worse - which is fair enough, they've voted for it. But they haven't fully recovered from the 80s yet. ---------- Post added 24-10-2016 at 13:43 ---------- Get Linux. It's free. Ubuntu is quite good for beginners, although I like Centos. Great. Does it run Sage? Link to comment Share on other sites More sharing options...
unbeliever Posted October 24, 2016 Author Share Posted October 24, 2016 Overall, and I'll use place like Sunderland but you could equally use the former coalfields, do you their standard of living has improved? Unemployment is high already in many of those areas with the social problems to match. Things are going to get worse - which is fair enough, they've voted for it. But they haven't fully recovered from the 80s yet. But the damage to the wider economy from saving it would have been worse. Great. Does it run Sage? There are several applications called Sage. Which one? Link to comment Share on other sites More sharing options...
Tomjames Posted October 24, 2016 Share Posted October 24, 2016 Today Microsoft have announced price rises and using Brexit as the excuse. The UK had a decent shot at recovery, we were doing OK at 3% growth before brexit. Now price rises expected across the board as interest rates rise. The Japanese FDI will be next, 140K jobs at stake. Pound tanking and still a 90bn annual deficit and 1.5 trillion national debt to deal with. Further central government cuts and local council cuts inevitable. Blame the leave turkeys for making us all poorer. ---------- Post added 24-10-2016 at 14:08 ---------- Has anyone get any real predictions about the future of the economy? Uncertainty, recession, job losses. Emigrate if you can. Link to comment Share on other sites More sharing options...
InigoMontoya Posted October 24, 2016 Share Posted October 24, 2016 Today Microsoft have announced price rises and using Brexit as the excuse. No they aren't Today Microsoft have announced price rises and cited the fall in the value of the pound against the €uro as their justification. It's not been universally accepted by Microsoft's customers: http://www.channelregister.co.uk/2016/10/24/microsoft_price_rises/ Customers may remember that in 2012 Microsoft aligned pricing for most EU customers to the euro, which led to some price rises for users in the UK. But in the last year, the UK pound has slumped in value. The Euro has appreciated more than 21 per cent since November when £1 equated to €1.42, and by nearly 14 per cent since the EU referendum, £1 is now worth €1.12. Suppliers told us they could understand the excuse reasons Microsoft had used for the rises, but were unable to explain the differential between the cloud and on-premise increases and some didn’t buy Microsoft’s excuses. Link to comment Share on other sites More sharing options...
alchresearch Posted October 24, 2016 Share Posted October 24, 2016 Get Linux. It's free. Ubuntu is quite good for beginners, although I like Centos. Microsoft produce more than just Windows you know. ---------- Post added 24-10-2016 at 14:23 ---------- No they aren't Today Microsoft have announced price rises and cited the fall in the value of the pound against the €uro as their justification. It's not been universally accepted by Microsoft's customers: http://www.channelregister.co.uk/2016/10/24/microsoft_price_rises/ Don't Shoot the Messenger. The Register's headline for the article was: Microsoft: We're hiking UK cloud prices 22%. Stop whining: It's the Brexit Link to comment Share on other sites More sharing options...
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