Off Topic Impact of Brexit on Football

Discussion in 'Norwich City' started by Davylad, Mar 26, 2016.

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  1. JM Fan

    JM Fan Well-Known Member

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    Yes, because the value of sterling (GBP) has 'dropped like a stone', so our goods are so much cheaper abroad. Of course prices will soon have to increase, as the cost of the raw materials for manufacturing companies in UK will be going up very soon. I see petrol/diesel has gone up almost 10% in the last couple of months and I guess that's just the beginning!!!
     
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  2. carrowcanario

    carrowcanario Well-Known Member

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    Of course petrols gone up, but there are many factors that have caused this not just the movement in the pound i.e. Opec & non Opec countries reducing supply. Opec agreeing to reduce supply often starts off well, but generally falls apart after a few months. Indeed petrol went up much higher than it is now and came down again, well before Brexit. In truth Brexit will have little influence in the price of crude oil. Although it could be argued that as a producer of oil a price rise isn't all bad. Also as petrol is so heavily taxed any increase in the price of petrol means tax revenues increase significantly. But as most experts foresaw a drop in the value of the pound, surely they should have forecast an initial boast at least, rather than the immediate economic disaster and recession most predicted. Anyway who says a drop in the value of sterling is necessarily a bad thing. We have a significant trade deficit so a reduction in the value of the pound, which was over valued before Brexit anyway, could well help the majority of UK companies that don't export, by making imports more expensive and therefore UK producers more competitive. Not that it's just about the money.
     
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  3. zogean_king

    zogean_king Active Member

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    I saw that inflation in the eurozone was 1.1% way higher than a few months earlier, that was due (mostly) to the increase in the oil price after the cut by OPEC/ agreement with non-OPEC countries to reduce supply.
     
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  4. carrowcanario

    carrowcanario Well-Known Member

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    Also isn't it strange that for years the BOE has had an inflation target of 2% which it hasn't met, yet as soon as inflation starts going up, post Brexit, its suddenly something that's a problem.
     
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  5. General Melchett

    General Melchett Well-Known Member

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    I've never quite understood why inflation is so important to be controlled and why it is viewed as such an economic importance? It seems to me to be so utterly dependant on oil producers that all other things seem relatively inconsequencial. If Oil goes up so do production and shipping costs so we must pay more. Is anything other than currency value even close to having an influence? I'm talking across the board, not locallised stuff like a good OJ harvest resulting in bankrupcy for Randolf and Mortimer.
    Whilst the BoE can tinker with rates and stimulus to influence exchange rates and production, realistically the UK with relatively modest Oil reserves has no power with OPEC so isn't inflation mainly at the mercy of Russia and some sheiks?

    Bah!
     
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  6. carrowcanario

    carrowcanario Well-Known Member

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    #926
    Last edited: Jan 6, 2017
  7. carrowcanario

    carrowcanario Well-Known Member

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    #927
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  8. carrowcanario

    carrowcanario Well-Known Member

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    #928
  9. zogean_king

    zogean_king Active Member

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    #929
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  10. carrowcanario

    carrowcanario Well-Known Member

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    The media and establishment are still doing there best to continue to scare people into getting the best deal for them. The hard & soft Brexit terms really annoy me. Why not full or half arsed Brexit. Trouble is in general when it comes to major things the great British public aren't very good at being scared into things. I do wonder if Obama actually helped the leave campaign out more than the remain campaign with his threats. Carney seems to be trying to take the credit for avoiding the worst of the financial doom he predicted, by tweeking interest rates and providing a bit more liquidity, interestingly he wasn't saying before the vote, well with a bit of tinkering I can mitigate a lot of the financial disaster being forecast by making a couple of decisions.
     
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    Last edited: Jan 12, 2017
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  11. Cromercanary

    Cromercanary Well-Known Member
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  12. Cruyff's Turn.

    Cruyff's Turn. Active Member

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    #932
  13. carrowcanario

    carrowcanario Well-Known Member

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    The International Monetary Fund (IMF) has raised its forecast for the UK's economic growth this year, following a better than expected economic performance since the Brexit vote.

    http://www.bbc.co.uk/news/business-38637243
     
    #933
  14. JM Fan

    JM Fan Well-Known Member

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    So thanks in part to the 'silver voter' opting for Brexit, the cost of some holidays to the USA is going up by10% in some cases and GBP has devalued approximately by 20% against the mighty dollar.
    Oh well, I guess they'll just have to spend more time at home now, as they won't be able to afford as many holidays!!
    On the flip side, the stock exchange is doing well, so the value of their pensions will increase!!
     
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  15. Forgot_My_Lines

    Forgot_My_Lines Well-Known Member

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    Spot on! That's great! I've seen that vid before, but nice link!
     
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  16. carrowcanario

    carrowcanario Well-Known Member

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    #936
  17. zogean_king

    zogean_king Active Member

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    Yes living in Australia I was having a chat to a friend who pointed out how Australians and British do not take well to being threatened. I know Obama certainly got my back up with his comments and I am sure that I wasn't alone in that. It got to totally ludicrous the scare campaign and I was pointing out to many of my pro-Remain friends that Remain campaign had enough firepower to blast Brexit out of the water. However they were fighting the battle in their terms and not in a way that connected with people.
     
    #937
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  18. Cromercanary

    Cromercanary Well-Known Member
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    <yikes> :emoticon-0106-cryin

    please log in to view this image
     
    #938
  19. zogean_king

    zogean_king Active Member

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    You mean... we'll become like Greece?
     
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  20. Cromercanary

    Cromercanary Well-Known Member
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