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Topic: Re:Re:Re:Re:Re:Brexit
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Posted by: Andy Jones
Date/Time: 11/09/17 08:18:00

Graham, the pre-Brexit forecasts of job losses and falling investment should we decide to leave the EU carried with them the implication that sterling would probably weaken. However, the collapse in the currency has been far greater than most people predicted because of the way the Bank of England responded to the referendum result.

The day after the vote Mark Carney signalled to international markets that it was the currency not interest rates that would make the adjustment by injecting billions of funds into our domestic financial system. Ironically this exercise was supported by using lines of credit from the European Central Bank. Mrs May was against this policy because she believes that low interest rates and continued asset inflation cause increased social inequality and she is probably right.

Pumping money into the economy has stabilised demand and the weaker currency has given a short term boost to our exporters but the cost is likely to be high longer term both in explosion of consumer credit and the erosion of real wages. An economy which had too much debt piled more debt on top of it.

The negative consequences are already starting to feed through. The weaker pound has accelerated the decline of real wages as people on lower incomes have to pay more for food and other imported goods. The pressure is starting to tell and the Government appear to be buckling on public sector pay but that ultimately will just hit the income of private sector works who will have to pay more tax to cover the cost - their pay in real terms has already been declining even faster.

This is a result not of leaving the EU but of the policy response of the decision to do so. We have yet to feel the full force of the economic impact which will be profound if we leave the single market. Even if the most rosy expectations of enthusiasts for free trade outside the EU are met it will take decades for this to compensate for the loss of trade with Europe. In the meantime 100,000s of jobs will be lost and millions will be forced to make do with lower incomes.

I'm assuming that your income is fixed and guaranteed and immune from the negative economic consequences of the decision you supported. It strikes me as deeply unchristian for you to blithely dismiss the misery and hardship that this will cause for people and claim that there are some greater principles involved. You seem unable to articulate what exactly these principles are and how leaving the EU helps advance them other than voicing some vague attachment to racial purity in the UK. I can take no solace from the knowledge that the version of Brexit we are edging towards will deliver the exact opposite of what you want.


Entire Thread
TopicDate PostedPosted By
Brexit28/08/17 16:16:00 Graham Weeks
   Re:Brexit28/08/17 17:13:00 Andy Jones
      Re:Re:Brexit29/08/17 02:27:00 Graham Weeks
         Re:Re:Re:Brexit29/08/17 10:21:00 Andy Jones
            Re:Re:Re:Re:Brexit29/08/17 10:52:00 Penelope Crocker
               Re:Re:Re:Re:Re:Brexit29/08/17 15:11:00 Graham Weeks
                  Re:Re:Re:Re:Re:Re:Brexit29/08/17 15:35:00 Penelope Crocker
                     Re:Re:Re:Re:Re:Re:Re:Brexit29/08/17 15:43:00 Graham Weeks
                        Re:Re:Re:Re:Re:Re:Re:Re:Brexit29/08/17 18:55:00 Helena Cavanagh
                        Re:Re:Re:Re:Re:Re:Re:Re:Brexit05/09/17 08:23:00 Paul James
                           Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit05/09/17 09:40:00 Graham Weeks
         Re:Re:Re:Brexit30/08/17 19:06:00 Libby Kemp
            Re:Re:Re:Re:Brexit30/08/17 22:44:00 Graham Weeks
   Re:Brexit30/08/17 10:55:00 Peter Chadburn
      Re:Re:Brexit30/08/17 12:20:00 Andy Jones
         Re:Re:Re:Brexit30/08/17 12:37:00 Peter Chadburn
            Re:Re:Re:Re:Brexit31/08/17 15:58:00 Andy Jones
   Re:Brexit30/08/17 22:30:00 Peter Yale
      Re:Re:Brexit31/08/17 10:49:00 Penelope Crocker
         Re:Re:Re:Brexit31/08/17 14:17:00 Andy Jones
            Re:Re:Re:Re:Brexit31/08/17 14:37:00 Graham Weeks
               Re:Re:Re:Re:Re:Brexit31/08/17 15:06:00 Andy Jones
            Re:Re:Re:Re:Brexit31/08/17 20:01:00 Vlod Barchuk
               Re:Re:Re:Re:Re:Brexit01/09/17 09:44:00 Andy Jones
                  Re:Re:Re:Re:Re:Re:Brexit01/09/17 11:11:00 Vlod Barchuk
                     Re:Re:Re:Re:Re:Re:Re:Brexit01/09/17 14:40:00 Andy Jones
                        Re:Re:Re:Re:Re:Re:Re:Re:Brexit01/09/17 16:30:00 Peter Chadburn
                        Re:Re:Re:Re:Re:Re:Re:Re:Brexit05/09/17 20:54:00 Vlod Barchuk
         Re:Re:Re:Brexit31/08/17 14:28:00 Graham Weeks
            Re:Re:Re:Re:Brexit31/08/17 16:00:00 Peter Chadburn
            Re:Re:Re:Re:Brexit01/09/17 09:57:00 Keith Iddon
               Re:Re:Re:Re:Re:Brexit03/09/17 09:09:00 Tricia Arbuthnot
                  Re:Re:Re:Re:Re:Re:Brexit04/09/17 06:16:00 Graham Weeks
                     Re:Re:Re:Re:Re:Re:Re:Brexit09/09/17 17:34:00 Peter Yale
                  Re:Re:Re:Re:Re:Re:Brexit04/09/17 07:35:00 Keith Iddon
                     Re:Re:Re:Re:Re:Re:Re:Brexit04/09/17 08:33:00 Andy Jones
                        Re:Re:Re:Re:Re:Re:Re:Re:Brexit04/09/17 14:33:00 Graham Weeks
                           Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit05/09/17 06:17:00 Andy Jones
                              Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit06/09/17 05:30:00 Graham Weeks
                                 Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit06/09/17 12:36:00 Peter Chadburn
                                    Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit07/09/17 10:43:00 Andy Jones
                                       Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit07/09/17 11:12:00 Peter Chadburn
   Re:Brexit01/09/17 09:58:00 Tony Wood
   Re:Brexit05/09/17 08:25:00 Paul James
   Re:Brexit07/09/17 15:05:00 Brian Conneller
      Re:Re:Brexit07/09/17 16:04:00 Penelope Crocker
         Re:Re:Re:Brexit08/09/17 16:02:00 Brian Conneller
            Re:Re:Re:Re:Brexit08/09/17 18:13:00 Graham Weeks
               Re:Re:Re:Re:Re:Brexit11/09/17 08:18:00 Andy Jones
                  Re:Re:Re:Re:Re:Re:Brexit11/09/17 10:03:00 Penelope Crocker
                     Re:Re:Re:Re:Re:Re:Re:Brexit12/09/17 08:36:00 Helena Cavanagh
                  Re:Re:Re:Re:Re:Re:Brexit13/09/17 08:10:00 Graham Weeks
                     Re:Re:Re:Re:Re:Re:Re:Brexit13/09/17 09:30:00 Peter Chadburn
                        Re:Re:Re:Re:Re:Re:Re:Re:Brexit13/09/17 10:54:00 Keith Iddon
                        Re:Re:Re:Re:Re:Re:Re:Re:Brexit13/09/17 11:28:00 Graham Weeks
                           Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit13/09/17 13:33:00 Peter Chadburn
                              Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit13/09/17 13:56:00 Penelope Crocker
                                 Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit13/09/17 14:29:00 Keith Iddon
                                    Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit13/09/17 14:53:00 Penelope Crocker
                                 Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit13/09/17 15:02:00 Bob Little
                                    Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit13/09/17 15:05:00 Penelope Crocker
                                       Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit13/09/17 17:28:00 Keith Iddon
                                          Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit14/09/17 09:54:00 Brian Davis
                                             Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit14/09/17 11:38:00 Andy Jones
                                                Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit14/09/17 14:49:00 Penelope Crocker
                                                Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit15/09/17 18:26:00 Vlod Barchuk
                                                   Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit16/09/17 07:38:00 Andy Jones
                                                      Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit16/09/17 09:34:00 Keith Iddon
                                                         Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit16/09/17 10:46:00 Martin C. Harris
                                                            Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit16/09/17 11:07:00 Graham Weeks
                                                            Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit16/09/17 14:29:00 Keith Iddon
                                                            Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit16/09/17 14:29:00 Keith Iddon
                                                      Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit16/09/17 18:06:00 Vlod Barchuk
                                                         Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit17/09/17 13:32:00 Andy Jones
                                                            Ever closer union?17/09/17 15:59:00 Keith Iddon
                                                               Re:Ever closer union?18/09/17 09:28:00 Andy Jones
                                                                  Re:Re:Ever closer union?18/09/17 09:50:00 Keith Iddon
                                                                  Re:Re:Ever closer union?18/09/17 10:10:00 Graham Weeks
                                                                     Re:Re:Re:Ever closer union?18/09/17 11:08:00 Tricia Arbuthnot
                                                                        Re:Re:Re:Re:Ever closer union?18/09/17 13:09:00 Keith Iddon
                                                                        Re:Re:Re:Re:Ever closer union?18/09/17 13:58:00 Graham Weeks
                                                                           Re:Re:Re:Re:Re:Ever closer union?18/09/17 16:07:00 Paul Corcoran
                                                                              Re:Re:Re:Re:Re:Re:Ever closer union?19/09/17 08:38:00 Andy Jones
                                                                                 The debate in four views20/09/17 09:10:00 Graham Weeks
                                                                                    Re:The debate in four views20/09/17 10:02:00 Lee Page
                                                                                       Re:Re:The debate in four views20/09/17 15:51:00 Graham Weeks
                                                                        Re:Re:Re:Re:Ever closer union?20/09/17 16:27:00 Vlod Barchuk
                                                                           Re:Re:Re:Re:Re:Ever closer union?20/09/17 16:48:00 Graham Weeks
                                                                              Re:Re:Re:Re:Re:Re:Ever closer union?21/09/17 10:21:00 Andy Jones
                                       Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit04/01/18 11:57:00 Judith Jaafar
                                          Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit04/01/18 12:09:00 Graham Weeks
                                             Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit04/01/18 12:14:00 Peter Chadburn
   Projections for 'No Deal'15/10/17 17:40:00 Andy Jones
      Re:Projections for 'No Deal'15/10/17 22:42:00 Philippa Bond
         Re:Re:Projections for 'No Deal'16/10/17 07:17:00 Andy Jones
            Re:Re:Re:Projections for 'No Deal'16/10/17 09:27:00 Penelope Crocker
               Re:Re:Re:Re:Projections for 'No Deal'16/10/17 17:39:00 Philippa Bond
   Re:Brexit19/10/17 10:17:00 Nick Foote
      Re:Re:Brexit19/10/17 21:24:00 Susan Rowe
         Re:Re:Re:Brexit20/10/17 20:25:00 Andy Jones
            Re:Re:Re:Re:Brexit21/10/17 09:48:00 Helena Cavanagh
               Re:Re:Re:Re:Re:Brexit02/11/17 08:21:00 Graham Weeks
                  Re:Re:Re:Re:Re:Re:Brexit02/11/17 08:50:00 Tricia Arbuthnot
                     Re:Re:Re:Re:Re:Re:Re:Brexit02/11/17 09:46:00 Penelope Crocker
                        Re:Re:Re:Re:Re:Re:Re:Re:Brexit02/11/17 15:44:00 Graham Weeks
                     Re:Re:Re:Re:Re:Re:Re:Brexit02/11/17 12:29:00 Graham Weeks
                        Re:Re:Re:Re:Re:Re:Re:Re:Brexit02/11/17 15:00:00 Andy Jones
                           Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit02/11/17 16:04:00 Graham Weeks
                              Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit03/11/17 11:00:00 Helena Cavanagh
                                 Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit03/11/17 12:25:00 Penelope Crocker
                                    Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit17/11/17 06:08:00 Graham Weeks
                                       Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit17/11/17 06:10:00 Graham Weeks
                                          Brexit at the golf club17/11/17 06:11:00 Graham Weeks
                                             Re:Brexit at the golf club17/11/17 07:14:00 Keith Iddon
                                                Re:Re:Brexit at the golf club17/11/17 07:47:00 Graham Weeks
                                                   Re:Re:Re:Brexit at the golf club17/11/17 08:10:00 Keith Iddon
                                                Re:Re:Brexit at the golf club17/11/17 16:26:00 Paul James
                                             Re:Brexit at the golf club17/11/17 16:25:00 Paul James
                                                Re:Re:Brexit at the golf club17/11/17 16:48:00 Keith Iddon
                                                   Re:Re:Re:Brexit at the golf club20/11/17 09:41:00 Tricia Arbuthnot
                                                      Re:Re:Re:Re:Brexit at the golf club20/11/17 09:56:00 Graham Weeks
                                                         Re:Re:Re:Re:Re:Brexit at the golf club20/11/17 17:37:00 Andy Jones
                                                            Re:Re:Re:Re:Re:Re:Brexit 24/11/17 16:57:00 Graham Weeks
                                                               Why is EU Immigration Rising?29/11/17 07:53:00 Andy Jones
                                                               Re:Re:Re:Re:Re:Re:Re:Brexit 05/12/17 16:49:00 Graham Weeks
                                                                  Re:Re:Re:Re:Re:Re:Re:Re:Brexit 06/12/17 11:25:00 Penelope Crocker
                                                                     Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit 06/12/17 12:52:00 Graham Weeks
                                                                        Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit 06/12/17 13:42:00 Andy Jones
                                                                           Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit 06/12/17 14:58:00 Graham Weeks
                                                                              Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit 07/12/17 09:21:00 Andy Jones
                                                                                 Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit 08/12/17 20:56:00 Graham Weeks
                                                                                    Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit 08/12/17 22:08:00 Penelope Crocker
                                                                                       Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit 09/12/17 05:05:00 Graham Weeks
                                                                                          Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit 10/12/17 04:25:00 Graham Weeks
                                                                                             Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit 11/12/17 21:18:00 Graham Weeks
                                                                                                Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit 11/12/17 22:28:00 Penelope Crocker
                                                                                                   Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit 12/12/17 05:22:00 Graham Weeks
                                                                                                      Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit 12/12/17 21:14:00 Graham Weeks
                                                                                                         Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Brexit 13/12/17 08:26:00 Penelope Crocker
                                                                                                            Re: Brexit 14/12/17 16:33:00 Susan Rowe
                                                                                                               Re:Re: Brexit 14/12/17 16:47:00 Penelope Crocker
                                                                                                                  Re:Re:Re: Brexit 14/12/17 17:00:00 Leslie Bailey
                                                                                                                     Re:Re:Re:Re: Brexit 14/12/17 17:23:00 Penelope Crocker
                                                                                                                        Re:Re:Re:Re:Re: Brexit 14/12/17 18:24:00 Graham Weeks
                                                                                                                           Re:Re:Re:Re:Re:Re: Brexit 29/12/17 10:48:00 Graham Weeks
                                                                                                                              Re:Re:Re:Re:Re:Re:Re: Brexit 29/12/17 15:23:00 Penelope Crocker
                                                                                                                                 Re:Re:Re:Re:Re:Re:Re:Re: Brexit 12/01/18 12:58:00 Graham Weeks
                                                                                                                                    Re:Re:Re:Re:Re:Re:Re:Re:Re: Brexit 12/01/18 13:06:00 Peter Chadburn
                                                                                                                                       Re:Re:Re:Re:Re:Re:Re:Re:Re:Re: Brexit 12/01/18 13:18:00 Penelope Crocker
                                                                                                                                       Re:Re:Re:Re:Re:Re:Re:Re:Re:Re: Brexit 12/01/18 14:28:00 Graham Weeks
                                                                                                                                          Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re: Brexit 12/01/18 15:05:00 Peter Chadburn
                                                                                                                                             Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re: Brexit 22/01/18 13:57:00 Graham Weeks
   Re:Brexit17/03/18 08:14:00 Graham Weeks
      Re:Re:Brexit17/03/18 19:33:00 Graham Weeks
         Re:Re:Re:Brexit18/03/18 12:06:00 Philippa Bond
            Re:Re:Re:Re:Brexit18/03/18 13:32:00 Andy Jones
               Re:Re:Re:Re:Re:Brexit19/03/18 08:02:00 Graham Weeks
               Re:Re:Re:Re:Re:Brexit19/03/18 17:41:00 Peter Chadburn

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