Jeremy Corbyn.

davemercedes

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Dave,

Right now we represent a willing supplier for a number of goods and services typically in the high to very high value-add sectors:

Pharma design & manufacture.
Chemicals plant design, build and maintenance.
Oil & gas system design engineering.
Mining system design engineering.
Pipeline design engineering.
Competitive sourcing for the above.
High efficiency carriageway design.
High efficiency building materials.
Automotive design (concept).
Automotive design engineering.
Automotive manufacture.
High power/ efficiency electronics design & manufCture.
Warship design and build.
Weapons design and volume manufacturing.

...and..??
 

davemercedes

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I've mentioned before that (in my mid 70's) I voted Tory for ever... I also mentioned that it was too often the best of a lousy choice, nevertheless in short it met my capitalistic tendencies tempered by a feeling of caring for "all". But this time I could not place my X in a Tory box for many reasons, briefly NHS; Disabled people and Care - where some such people have been treated abominably. I have always taken car to point out that I abhor the work-shy and those who play the "numbers" game to claim as much as they can while I believe we have a joint responsibility to help those who really need help through no fault of their own.
- So far so good?

I have also made it plain that in my opinion our current PM is an attention seeking self-promoting individual who (to coin Maggie's phraseology) has been extremely "economical" with the truth. My firm opinion is that she is a pretend turn-coat having voted o remain but then took the opportunity to volunteer for the PM's job for self gratification and little else, and her occupancy of No 10 has cost our country dearly. I make no apology - that's my opinion and you are all entitled to yours.

In the light of the election debacle - which I criticised saying that she already had a mandate and did not need to do it, but various people responded with the old "you said/she said" argument - saying she was right to call on the people while I knew in my heart that she was only looking for further self gratification.

So the election came and went. And it seems a lot of the electorate came to the same conclusion (or at least they rejected her aggressive self promoting "I am" manner with the endless repetition of her "Strong and Stable" slogan etc - the slogans were all about "Vote for me" with not even the lower case word "conservative" at the beginning.

All this is history of course and she will bear the consequences eventually but in the meantime I took the time and trouble to run through the media headlines to get a summary of where this woman has left our country - and my children/grandchildren.

I ran through the pages on Reuters to do this - the news is basically the same as Auntie or Sky etc but it was easier to copy/paste...

So here is the situation we have arrived at following her egotistical call for an election which was called for no reason other than "playing the game" of party numbers and she and her erstwhile "advisers" were so poor a judge of what would happen that we find ourselves in the impasse of today. This is the situation we find ourselves in today -it would be impossible to create a situation like this on purpose..! THere are one or tow apparently "positive" items such as the one showing that the FTSE rose while the pound sunk again... bully for you if you're the CEO of a huge FTSE company - while we mere mortals look forward to spending more for less!

Here are the headlines from the last couple of days before/after the bad joke of an election we have all suffered. This show the incredible damage that has occurred in or country while this woman has been in the "the chair" at No 10.
- If action is not taken NOW we are bound for most severe problems.

In UK we have traditionally produced a hero of the moment (Nelson, Churchill etc_ who told us the truth and and dealt with the issues.
- We desperately need such a person to come to the fore right now.

http://uk.reuters.com/article/uk-britain-election-pm-idUKKBN19033L
May isolated ahead of Brexit talks as key aides quit

http://uk.reuters.com/business/fxpert
Sterling sets two-week high on eve of UK vote on prospect of May win
- Pound sinks, lifting shares, after election shock
- Dollar gains as sterling falls on election shock
- UK elections aside, hedge funds bet pound to fall anew on Brexit

Currencies Reuters – 10/06/17 18:45
GBP/USD 1.2740 +0.00%
GBP/EUR 1.1376 +0.00

http://uk.reuters.com/article/uk-britain-election-dup-idUKKBN1910NL
DUP eyes Northern Ireland funding and veterans' rights as price for backing May – source

http://uk.reuters.com/business/economy
Even before new political chaos, British economy was limping
UK house prices show weakest growth in nine months – RICS
UK annual house price growth hits four-year low in May
UK consumer stumbles in May as surveys show spending squeezed
Election jitters and consumer squeeze hit UK services
UK new car sales fall 8.5 percent in May ahead of election
UK manufacturers see brighter outlook as world economy grows
UK construction expands at fastest rate since 2015 - Markit PMI
UK manufacturing keeps up momentum in May as hiring rises – PMI

http://uk.reuters.com/article/uk-britain-election-ratings-s-p-idUKKBN1901JH
Ratings firms eye fallout from shock UK election
- It seems that no matter who wants to borrow for UK now they're stuffed already!

http://uk.reuters.com/article/uk-britain-election-astonmartin-idUKKBN1900L9
Aston Martin calls for investment clarity after inconclusive UK election

http://uk.reuters.com/article/us-markets-flows-baml-idUKKBN1901ML
Rise in political risk drives 'monster' inflows to bond funds: BAML

http://uk.reuters.com/article/uk-britain-eu-banks-switzerland-idUKKBN18Z232
Credit Suisse to cut 1500 jobs as it pares back in London

http://uk.reuters.com/article/us-lse-deals-index-idUKKBN18Z222
LSE eyes more index deals after agreeing to buy Citi's Yield Book ($685m)

http://uk.reuters.com/article/uk-hsbc-trader-idUKKBN18Z1O3
Former HSBC trader in forex probe arrested by UK police – accused of participating in a fraudulent scheme involving a $3.5 billion (£2.7 billion) currency transaction

http://uk.reuters.com/article/uk-france-economy-idUKKBN1900KH
French central bank raises growth forecast, sees deficit cap missed

http://uk.reuters.com/article/uk-ecb-policy-idUKKBN18Y39V
ECB closes door on rate cuts but warns of weak inflation (UK rate = 2.3% Feb/Mar 2017)

http://uk.reuters.com/article/us-britain-eu-airbus-idUKKBN19200C
Airbus may look beyond UK unless Brexit demands met - Sunday Times
Note: Airbus employs over 10,000 (two UK plants) according to the company's website.
…But conversely:
http://uk.reuters.com/article/us-airbus-aircraft-idUKKBN1900LZ
Airbus predicts $5.3 trillion jet demand, trims traffic outlook

http://uk.reuters.com/article/uk-britain-eu-investment-brexit-idUKKBN18X0DN
Continental drift - Investors embrace Europe, ex-UK

http://uk.reuters.com/article/uk-funds-poll-uk-idUKKBN18R1DO
UK funds bullish on eurozone equities as political risk recedes - Reuters poll

http://uk.reuters.com/article/uk-britain-election-committee-idUKKBN1920NG
New election only alternative to deal with DUP - senior Conservative MP

http://uk.reuters.com/article/uk-britain-election-ireland-eu-idUKKBN1920JC
Ireland's EU commissioner sees softer Brexit after UK poll – newspaper

http://uk.reuters.com/article/uk-britain-election-soubry-idUKKBN1920I8
May does not have majority for leaving single market (Anna Soubry, Conservative MP)

http://uk.reuters.com/article/uk-britain-election-fallon-idUKKBN1920EN
Defence minister Fallon says government views on Brexit haven't changed

http://uk.reuters.com/article/us-britain-eu-asset-managers-idUKKBN18Y1PU
France in talks with up to 50 asset managers on post-Brexit plans

http://uk.reuters.com/article/uk-britain-election-pm-idUKKBN19033L
May seals deal (NOT YET TRUE at this time) to prop up government, but loses key aides

A YouGov poll for the Sunday Times newspaper found 48 percent of people felt May should quit while 38 percent thought she should stay.
 
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Craiglxviii

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...and..??

and... there is a high probability that these areas are where our Ambassadors are actively pushing for trade deals around the world. You asked, what are we going to sell, what do we have that other people want? That lot, plus the operational analysis to support their use.

As to who we would sell to, the question is likely better phrased as "who won't we sell to?"
 

davemercedes

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So how come every time we sell a banana to or buy one from a South American country, it hits the headlines - but since Boris proclaimed his rubbish about a huge queue we have heard... nothing... nowt... nada? Come on Craig, if it was true that loads of countries wanted to replace the EU and and USA (NB: before they even started on new deals) - and therefore had some political value for EU and USA to note, it would have been splattered all over the noospapers and every TV channel from here to Timbuctoo. - You know, I know.
- We know. The original quote was just a Bumbling Boris piece of waffle - and I can't resist throwing his cr*p back up his wotsit.

- Shame really, he gets paid enough to do a good job for UK Ltd!
 

Craiglxviii

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Sure, ok. None of that changes the fact that we already trade with however many different nations both in and out of the EU. Do you think they'll just stop ordering one day?

As well as that there are the new prospect customers. I said at the start, anything to do with Brexit negotiations will very likely be highly classified. If that be so then why would we read about it in the papers?
 
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Frontstep

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Britains exports are up people want to trade with us, I struggle to think of a company or country that does not want to sell more of its products and services.
The prospect of Jesus Corbyn has wacked a bit off the pound to help matters.
Boris was stating the blindingly obvious, I assume it came as a surprise to him when he went into the foreign office that his job was all about trade perhaps he thought the job title suggested grander things.
I shall just have to remain amazed that anyone thinks its ever been any different.
Brexit just gives us a wider market to look at.

We are going from being a "Spar" franchise shop to an independent player, that is certainly leaving the comfort blanket behind but I see no reason why we can't be a global force.
We have the financial clout and the brains to produce world beaters why shackle ourselves to the economy and job destroying EU.
 

davemercedes

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Britains exports are up people want to trade with us, I struggle to think of a company or country that does not want to sell more of its products and services.
The prospect of Jesus Corbyn has wacked a bit off the pound to help matters.
Boris was stating the blindingly obvious, I assume it came as a surprise to him when he went into the foreign office that his job was all about trade perhaps he thought the job title suggested grander things.
I shall just have to remain amazed that anyone thinks its ever been any different.
Brexit just gives us a wider market to look at.

We are going from being a "Spar" franchise shop to an independent player, that is certainly leaving the comfort blanket behind but I see no reason why we can't be a global force.
We have the financial clout and the brains to produce world beaters why shackle ourselves to the economy and job destroying EU.

Oh...
I should have known... that's why when we were an independent player, we were so desperate to get under the Common Market comfort blanket and so broke that we had to borrow £3.9Bn from the IMF in 1976 (small potatoes by today's standards but at the time the largest loan they ever made). That was mostly caused by the pound being "overvalued" (politicians again - government set the exchange rate in those days) - so much that massive selling of the pound virtually killed it against the dollar.
- Funny really though, we had the whole world to deal with back then.

Yes, exporters have enjoyed a surge - because the falling pound which makes things more expensive for us, makes export goods cheaper in the short term (until the rising costs of raw materials catch up). Incidentally I've never had this answered - does that mean that exporters aren't all that efficient because our prices are normally too high?

The ONS says: Trade prices continue to be influenced by recent sterling movements, with export and import prices falling between January and February 2017, coinciding with an increase in volumes.

and...

Since the last UK trade release, there have been upward revisions across both exports and imports of trade in services throughout the 4 quarters of 2016, and a downwards revision to exports of goods in January 2017; this is due to new and updated data sources.

I hope this does not mean rising cost are catching up already - let's hope the downward trend is a blip?

Meanwhile the same old problem still applies: the deficit on trade in goods and services widened to £3.7 billion in February 2017.
 

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C350Carl

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Dave, why are you comparing something that happened in 1976 to today? It may have escaped your notice (but I highly doubt it) that 41yrs have passed. The world has changed, business has changed, international trading laws have no doubt changed, there was no internet in 1976 so trading was a lot slower by today’s millisecond standards etc.

The world population was also about 3.5bn less. So there was less requirement for commodities of all types.

I’m no business guru. But understand that supply and demand is one of the key drivers. There is more worldwide demand than there was 41yrs ago.
 

Craiglxviii

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There is one other key difference. We now exist in a world where technology is very much of its day. In 1976, WO1s would not be swapping electronic fitness devices on a yearly basis just for Rule of Cool, as an example (they do so today, it's in QR)

Point is that people expect to change their phones, tablets, computers etc on a much faster tempo than ever before. That drives demand in a very high value add sector.
 

C350Carl

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There is one other key difference. We now exist in a world where technology is very much of its day. In 1976, WO1s would not be swapping electronic fitness devices on a yearly basis just for Rule of Cool, as an example (they do so today, it's in QR)

Point is that people expect to change their phones, tablets, computers etc on a much faster tempo than ever before. That drives demand in a very high value add sector.

Actually I’ve waited 2yrs to swap my Original Apple Watch for a Suunto! So you’re off the mark their Craig! :p
 

Craiglxviii

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He shoots he scores! I was wondering if you'd bite ;)
 
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Frontstep

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I suppose some one could mention we joined that miracle trading bloc the EU in 1973 and by 1976 went to the IMF.
But then we might have to introduce the Barber boom into the equation Denis Healey, the Unions yawn yawn.
The reality is that little old England can trade worldwide.

toot toot
 

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Actually I’ve waited 2yrs to swap my Original Apple Watch for a Suunto! So you’re off the mark their Craig! :p
I've had my old Timex/Rolex/Omega (insert as appropriate) man and boy, you youngsters....:geek:
 

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So true:

One of the funniest things I heard from a young student who voted in last weeks general election was that he was voting for Jeremy Corbyn because Corbyn was “anti-establishment”. The ‘establishment’ being, I assume, the Tories. His comment made me laugh out loud.

I fully understand the drive from the young to be anti-establishment and against the norm etc. You see all the bad things going on in the world, the norm and like to think that you are different and that you and your friends can make the world a better place. If only the world ran like you and your friends agreed, everything would be great – and I fully agree with the sentiment, it’s good to dream and to try to find ways to make positive changes in the world.

This issue I have is with the outright stupidity of your thinking that ‘the Tories’ are ‘the establishment’ and that Jeremy Corbyn is somehow the driver of an ‘anti-establishment and change’ movement. And it compounds your stupidity, and my view of young people’s quasi ‘snowflake’ uselessness, that it is not somebody within your own ranks ‘i.e. young’ that is leading this so called movement.

Nothing Corbyn has suggested is ‘new’, everything he has suggested is ‘old’ and tired and………..is completely pro-establishment. What you have failed to understand in your ‘global’ immature minds is that while a country is in debt the political parties are almost completely irrelevant.
The true ‘establishment’ is lead by financiers, huge banks and Global Corporations. Anyone, Anyone who is in ‘debt’ to these institutions is a ‘slave’ to these institutions, debt makes you a slave, debt makes you a quisling to the establishment.

Unfortunately for you, and whether you like it or not, you not liking it won’t change anything, the Tories at the moment are fully aware of this and are in effect the ‘anti-establishment’ party, “gasp”, yes it’s true!
They are the party trying to reduce our debt. We are currently £1T in debt and rising. We can’t afford for companies to leave – we HAVE to beg them to come here with tax incentives etc. We OWE the banks £50B in interest every year, that’s INTEREST only.

And what’s Jeremy Corbyns great ‘anti-establishment’ plan, the one no-one has thought of before? That’s right, borrow another £500B and massively increase our debt. Increase our yearly interest payments to the ‘establishment’ to an easy £75B and some. And I tell you something, the ‘establishment’ you are so desperate to challenge won’t mind that one little bit. Jeremy Corbyn is an establishment stooge, he is everything the ‘establishment’ wants – debt, debt and more debt for the UK…….

At the moment you are all stooges to the fat cats, they must be laughing themselves to sleep every night as you run around chanting “Borrow more money!”, “Pay more interest!”, “Live beyond our means!”.

You are not anti-establishment, you’re doing exactly what the establishment wants and I for one am disappointed beyond belief at how stupid and easily manipulated you are with this ‘establishment’ driven movement you have adopted in your desperation to be ‘anti-establishment’. Isn’t it funny that when the Tories have ‘almost’ reduced our deficit to the point where we can almost begin to start paying off our debts and maybe get into surplus we get this challenge from a ‘white haired innocent peace lover’ who’s whole mantra is ‘everything will be fine if we just borrow more money’!!!!! And you’re supporting it? Well more the fool you.

A country in surplus with money in the bank is everything the ‘establishment’ doesn’t want. We can’t be bullied by big corporations. We can make our own decisions. If companies want to come here we set the rules based on strength not desperation.

I’m desperate to see someone rise up out of your ranks and form a true ‘anti-establishment’ movement. One that’s really ‘anti-establishment’, one that says “**** you big banks and corporations, we won’t do what you tell us”.
When will I see thousands of you marching in the streets chanting for ‘Zero-debt’, ‘No spending over what we can afford’, ‘No more borrowing’ or ‘Social responsibility within our means’.
Because THAT is an ‘anti-establishment’ movement THAT is what the true ‘establishment’ is afraid of, a country living within its means, in surplus, and not in debt to THEM.

But alas I don’t think this will happen. It is the curse of the young to repeat their parents mistakes. So I expect I’ll just see you continuing with your mantra “Let’s borrow loads of money and worry about it later, that’ll stick it to them, we’re so anti-establishment, yeh!” …………as the fat cats rub their hands in glee.

Taken from here: https://maclifesuperblog.com/open-letter-to-young-anti-establishment-pretenders/
 

Frosty149

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So true:

One of the funniest things I heard from a young student who voted in last weeks general election was that he was voting for Jeremy Corbyn because Corbyn was “anti-establishment”. The ‘establishment’ being, I assume, the Tories. His comment made me laugh out loud.

I fully understand the drive from the young to be anti-establishment and against the norm etc. You see all the bad things going on in the world, the norm and like to think that you are different and that you and your friends can make the world a better place. If only the world ran like you and your friends agreed, everything would be great – and I fully agree with the sentiment, it’s good to dream and to try to find ways to make positive changes in the world.

This issue I have is with the outright stupidity of your thinking that ‘the Tories’ are ‘the establishment’ and that Jeremy Corbyn is somehow the driver of an ‘anti-establishment and change’ movement. And it compounds your stupidity, and my view of young people’s quasi ‘snowflake’ uselessness, that it is not somebody within your own ranks ‘i.e. young’ that is leading this so called movement.

Nothing Corbyn has suggested is ‘new’, everything he has suggested is ‘old’ and tired and………..is completely pro-establishment. What you have failed to understand in your ‘global’ immature minds is that while a country is in debt the political parties are almost completely irrelevant.
The true ‘establishment’ is lead by financiers, huge banks and Global Corporations. Anyone, Anyone who is in ‘debt’ to these institutions is a ‘slave’ to these institutions, debt makes you a slave, debt makes you a quisling to the establishment.

Unfortunately for you, and whether you like it or not, you not liking it won’t change anything, the Tories at the moment are fully aware of this and are in effect the ‘anti-establishment’ party, “gasp”, yes it’s true!
They are the party trying to reduce our debt. We are currently £1T in debt and rising. We can’t afford for companies to leave – we HAVE to beg them to come here with tax incentives etc. We OWE the banks £50B in interest every year, that’s INTEREST only.

And what’s Jeremy Corbyns great ‘anti-establishment’ plan, the one no-one has thought of before? That’s right, borrow another £500B and massively increase our debt. Increase our yearly interest payments to the ‘establishment’ to an easy £75B and some. And I tell you something, the ‘establishment’ you are so desperate to challenge won’t mind that one little bit. Jeremy Corbyn is an establishment stooge, he is everything the ‘establishment’ wants – debt, debt and more debt for the UK…….

At the moment you are all stooges to the fat cats, they must be laughing themselves to sleep every night as you run around chanting “Borrow more money!”, “Pay more interest!”, “Live beyond our means!”.

You are not anti-establishment, you’re doing exactly what the establishment wants and I for one am disappointed beyond belief at how stupid and easily manipulated you are with this ‘establishment’ driven movement you have adopted in your desperation to be ‘anti-establishment’. Isn’t it funny that when the Tories have ‘almost’ reduced our deficit to the point where we can almost begin to start paying off our debts and maybe get into surplus we get this challenge from a ‘white haired innocent peace lover’ who’s whole mantra is ‘everything will be fine if we just borrow more money’!!!!! And you’re supporting it? Well more the fool you.

A country in surplus with money in the bank is everything the ‘establishment’ doesn’t want. We can’t be bullied by big corporations. We can make our own decisions. If companies want to come here we set the rules based on strength not desperation.

I’m desperate to see someone rise up out of your ranks and form a true ‘anti-establishment’ movement. One that’s really ‘anti-establishment’, one that says “**** you big banks and corporations, we won’t do what you tell us”.
When will I see thousands of you marching in the streets chanting for ‘Zero-debt’, ‘No spending over what we can afford’, ‘No more borrowing’ or ‘Social responsibility within our means’.
Because THAT is an ‘anti-establishment’ movement THAT is what the true ‘establishment’ is afraid of, a country living within its means, in surplus, and not in debt to THEM.

But alas I don’t think this will happen. It is the curse of the young to repeat their parents mistakes. So I expect I’ll just see you continuing with your mantra “Let’s borrow loads of money and worry about it later, that’ll stick it to them, we’re so anti-establishment, yeh!” …………as the fat cats rub their hands in glee.

Taken from here: https://maclifesuperblog.com/open-letter-to-young-anti-establishment-pretenders/


Quote from CityUK 2016 report:
The report demonstrates the important role financial and related professional services play in supporting the jobs and growth agenda, employing over 7% of the UK workforce, producing nearly 12% of total economic output, contributing £66bn in taxes and generating a trade surplus of £72bn. Foreign companies invested around £100bn into the UK financial services sector since 2007 – more than in any other sector.

Importantly the industry is spread nationally, with over 2.2 million employees, two-thirds of which are outside London. These employees have helped raise living standards by spreading high productivity and high value added employment around the country in a sustainable way. The value added to the economy per financial and related professional services worker is £87,000, compared to the £52,000 annual average for workers in other sectors.

For your information and judgement
 

davemercedes

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Dave, why are you comparing something that happened in 1976 to today? It may have escaped your notice (but I highly doubt it) that 41yrs have passed. The world has changed, business has changed, international trading laws have no doubt changed, there was no internet in 1976 so trading was a lot slower by today’s millisecond standards etc.

The world population was also about 3.5bn less. So there was less requirement for commodities of all types.

I’m no business guru. But understand that supply and demand is one of the key drivers. There is more worldwide demand than there was 41yrs ago.

Carl, just so you know what to expect in the future - my f-f-flaming arthritis won't let me forget that 41 years have gone by!

As I said earlier, on more or less the same day as Obama said "UK will be at the back of the queue for trade deals" Bumbling Boris responded with his "countries are queuing up to do business with us" waffle - and it was said in such a "sour grapes" way. Fairly simple arithmetic based on the US population shows that we would need an awful lot of countries to "queue up" in order to balance out what the potential value of more US trade would be worth, bearing in mind that we already (2016 values:) import $55,288.9M and export £54,272.0M from/to USA.

So I asked one or two simple questions such as "Where is this queue/who's in it etc" and in response one or two people responded by ignoring the question and telling me "exports are up". But when I responded to that and asked: "As it only increased when the pound fell badly, does that mean we were not so efficient/competitive before (no answer came the loud reply) and they seemed to resent my view that my (and all others) increased costs - especially on dollar based purchases such as fuel are effectively subsiding exporters!

So far as comparing 1976 to today, it's remarkably similar - as I said, our problems were caused then by a crash in the value of the pound - and so it was again as soon as the referendum result was announced. The response? "Don't worry - currencies go up and down all the time...." But that just wasn't true - the pound was pretty steady for quite a few years before the referendum as our economy steadily kept improving (remember all those politicians telling us we are a rich country!) and particularly for over the last couple of years before the referendum crash most imported stuff - particularly dollar based, stayed constant (because most currency rates stayed constant). As we all know the pound rose a bit but was still down then suffered again after the election fiasco and although it steadied it's still down at $1.27 while the Tory/DUP discussions are in progress.

You're right, when you say the world has changed a lot and business has changed and international trading laws have also changed, but we took a decision to leave the EU. My opinion of that is irrelevant but it certainly did cause the currency issues and my ongoing concern is the plan (or lack of) for negotiating our position with EU in two years time. So we come back to the Boris waffle coupled with Mrs Mayhem's arrogant and abrupt manner of talking "remotely" to the 27 other countries (some of whom definitely want to punish us for leaving) and are required to approve the final deal. Threatening by proxy is certainly not the way to build bridges towards achieving as reasonable a settlement as possible so I sincerely hope things will approve now she's had a kick from the electorate.

And while I understand the need for a level of confidentiality I really would have expected our "soundbite" department to be capable of spreading rumours with a bit more meat than "countries queuing up..." for digestion by the EU negotiators. After all, ever since Blair days the government of the day has managed to "leak" ideas for us to digest so they can see the public reaction before proceeding (apart from the pensioners heating allowance/dementia tax intentions that were dropped in by Mrs Mayhem at the last minute before the manifesto launch) therefore floating general ideas about potential future anticipated trade - within the confines of the "no deals before separation" restriction ought to be easy peasy.
 
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