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  • #1748854
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    pommehomme
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    Joined: 03 Jan 2010
    Location: N/A
    Total posts: 888

    I hope, Tricia, that in a year’s time your daughter still has a job that provides a salary sufficient to pay her huge mortgage. But even if she does, with all other UK prices – food, clothes, consumer goods, electricity, gas, oil and petrol – rising rapidly and salaries failing to keep pace with that, perhaps she – and many others – still will have difficulty in paying the mortgage. And add to that the risk of the housing market stagnating – and the possibility of many facing negative equity for the second time in a generation. Or am I to be accused of maintaining ‘project fear’?


    #1748867
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    Clover
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    Joined: 31 Jul 2003
    Location: N/A
    Total posts: 8226

    Just been watching the news and the head of Nissan UK meeting TM to demand compensation over tariffs if he keeps Sunderland going which involves 7000 jobs at risk. Immigration is a poor excuse to leave Europe, the population of the UK is living longer, there are more out of work especially the young who prefer benefits so just who is going to pay future pensions which surely must be a great worry for many who will be retiring within the next 20years if they are not made to work until they are 80 and havn’t died already? No one seems to have thought further ahead than the next couple of years from what I have seen. I can see a lot of insolvencies and bankruptcies coming, repossessions of homes and demand high for affordable housing not to mention the Primark fans being hit by price rises forhigher import costs.


    #1748869
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    lindal1000
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    Joined: 09 Jun 2011
    Location: france
    Total posts: 4844

    And as usual it will be those who can afford it least who will be the worst affected.


    #1748889
    andy72
    andy72
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    Joined: 26 Oct 2008
    Location: Charente and NOT Milton Keynes
    Total posts: 7939

    And as usual it will be those who can afford it least who will be the worst affected.

    <hr />

     

    Many of whom voted for Brexit.


    Starve the troll

    #1748893
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    Clover
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    Joined: 31 Jul 2003
    Location: N/A
    Total posts: 8226

    Well the saying what goes around, comes around and it is nearly always true!


    #1748895
    Grumpy Yorkie
    Grumpy Yorkie
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    Joined: 30 Jan 2008
    Location: Villeréal, Lot et Garonne
    Total posts: 6782

    <p abp=”621″>And as usual it will be those who can afford it least who will be the worst affected.

    <hr abp=”623″>

    Low interest rates favour high lending levels. Those of us with savings are seeing paltry reward for all that thrift.

    S.


    Flat cap, whippet, Panda, V8 Jaguar, V12 Mercedes and a '54 Sunbeam Talbot 90 called Josephine (obviously) ................... bloody grand!

    #1748898
    jsks
    jsks
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    Joined: 03 Sep 2010
    Location: Potatoshire, North Yorkshire and Co Cork soon?
    Total posts: 5674

    Low interest rates favour high lending levels. Those of us with savings are seeing paltry reward for all that thrift. S.

    Ain’t that the truth!

    #1748941
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    cj1
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    Joined: 13 Feb 2010
    Location: 85
    Total posts: 2858

    Did anyone listen to The World at One today? It’s not looking good.

    http://www.bbc.co.uk/programmes/p04c0c7y


    #1748943
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    pommehomme
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    Joined: 03 Jan 2010
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    Total posts: 888

    It’s looked progressively worse as the last four months have passed. But as the man said: ‘You ain’t seen nothing yet!’.


    #1748944
    Grumpy Yorkie
    Grumpy Yorkie
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    Joined: 30 Jan 2008
    Location: Villeréal, Lot et Garonne
    Total posts: 6782

    <p abp=”790″>Did anyone listen to The World at One today? It’s not looking good.

    <p abp=”791″>http://www.bbc.co.uk/programmes/p04c0c7y

    <hr abp=”794″>

    Interesting he quotes the UK debt and Scottish independence in the same breath.

    The one supports the other …….. until independence, of course.

    Lots of scare stories abound at the moment (including mine! :wink: ) and folk shouldn’t get so het up at these initial stages. It’ll be a rollercoaster, but the fat lady isn’t on stage yet, let alone gargling.

    Cue Merkel jokes! :smile:

    S.


    Flat cap, whippet, Panda, V8 Jaguar, V12 Mercedes and a '54 Sunbeam Talbot 90 called Josephine (obviously) ................... bloody grand!

    #1748949
    DominicBest
    DominicBest
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    Joined: 14 Aug 2015
    Location: Poitou Charentes
    Total posts: 2500

    Here’s Just How Much More Expensive Food Has Got Since The Brexit Vote – BuzzFeed UK
    https://apple.news/Aa6yfpLWaSVKhHCf5jFmNyA


    #1748951
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    Chanceux
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    Joined: 17 Mar 2010
    Location: Picardie
    Total posts: 13130

    And yet when the £ was at €1.03 there was none of this scaremongering, and lets not forget that it was at a lower level than it currently has fallen to for several years. I recall the guy at the roadside snack wagon that I used in those days saying that he would have to put the price of the breakfasts up because the eggs came from the EU and were costing him a lot more, but in fact he didnt.

    In fact that is one thing that I vividly recall from la crise, the difference in how UK and French businesses reacted, instead of prices going up the UK became even more competitive and there were offers galore, France just kept on jacking up prices, I recall that in the space of a year the fall in the £’s value (I was using UK savings then) and the French price rises meant that cement was costing me double in France what it had been, the price did not move at all in the UK.

    I looked at the figures given for New Zealend butter, the biggest alleged rise at 58%, the market price in NZ$’s had risen 37% the rest was the £ falling, now many times over the years have I read that butter/pork bellies/FCOJ prices have gone through the roof and that the cost in the shops would double or whatever but it never ever seems to happen, not like road fuel that goes up even before the announcement.

    Exporting UK products made from imported materials though, I dont see how they can eat the price rises there but for the foreign buyers their currency is worth more so maybe its not so drastic?

    I cant argue with the logic that says that UK imported commodity prices should rise and that manufactured goods should go up in price but it didnt happen before and the logic and economics were the same.

    Time will tell, I cant help thinking that these speculations are being repeatedly aired because there is something to blame it on that is very strong in peoples consciousness, I dont recall it happening before.


    • This reply was modified 14 Oct 2016 23:51 by  Chanceux.
    #1748953
    andy72
    andy72
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    Joined: 26 Oct 2008
    Location: Charente and NOT Milton Keynes
    Total posts: 7939

    I would not dispute your personal experiences but the figures show that UK inflation outstripped pay rises for around 6 years following the last crash in the value of Sterling.

     

    http://www.telegraph.co.uk/finance/economics/10769339/Wage-rises-outstrip-inflation-for-first-time-in-six-years.html

    People in the UK had 6 years of falling living standards then, how many years will it be this time?

    You are correct that the logic this time around is the same but your analysis of what happened then is wrong. People got poorer last time, they will get poorer this time.


    Starve the troll

    #1748957
    jsks
    jsks
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    Joined: 03 Sep 2010
    Location: Potatoshire, North Yorkshire and Co Cork soon?
    Total posts: 5674

    While the pound may have fallen to 1.03 euros a few years ago that was predicated on the strength of the euro; it is now at its lowesr level against the dollar and other major currencies.  The pound is generally unwanted.

    #1748961
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    lindal1000
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    Joined: 09 Jun 2011
    Location: france
    Total posts: 4844

    Well scaremongering or not fuel is set to rise by 5p a litre by the end of the month. And yes some of that is the rise in oil prices in general, but the acid test will be whether Eurozone currencies face the same rise.

    In other news, Theresa May says there will be no extra money for the NHS..but then no one believed those leaver lies did they?


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