Tell them to come by small boatI have friends who wanted to go to London for a week because of the favorable exchange rate but they said they couldn't find a hotel that didn't have obscene room prices...
I agree. Obtaining growth by consumer credit is never a good fix.Yes indeed prices rising sharply and much more to come from the food sector among others.
The reason that people are still buying is revealed by the credit card data, the debt total rising over 10% this year and at pre 2008 crash levels.
And we all know what follows such high debt levels, a crash as people find they can't service their debts.
Not a good way to approach a change as radical as Brexit.
.
Yes, at the top end we are priced for the wealthy Chinese, Russians and Arabs now.I have friends who wanted to go to London for a week because of the favorable exchange rate but they said they couldn't find a hotel that didn't have obscene room prices...
There is an economist in my family and he is not afraid to say that economists make mistakes all the times because of the large number of significant variables that are not precisely known at the time of prediction.The papers all lead with comparing the Bank of England Forecasts with Michael Fish's forecast of no storm, perhaps the least hysterical one is in the Guardian
"
Chief economist of Bank of England admits errors in Brexit forecasting
Andrew Haldane says his profession must adapt to regain the trust of the public, claiming narrow models ignored ‘irrational behaviour’
The irrational behaviour comment is interesting, they have apparently no great grasp of the Quirks of Human nature.
I posted this comment
"
What we are observing is one illusion partially cancelling another, after all since we are no nearer leaving the EU than on day one, there should have been no real economic change.
Speculation has fuelled the fall in the pound, a chance to make a killing.
Then the public sensed that the good times are not going to last and went on a spending spree, giving the illusion to those who wish to see it of a Booming economy.
It is the same economy as the circumstances have not changed, have they?
And this will still be true until we actually leave the EU.
Prices have risen and will change the long term picture, as stocks are consumed and replaced at higher cost, which will be passed on
All the major economic players are still on the board, but if they leave, then we shall see.
In the meantime we have the "Brexit live now you can't afford it later boom"
Naturally this is only my opinion, but then I flatter myself that I am, like everyone else capable of having an opinion, which in my case is based on personal observation not propaganda in the media, and that is not such a common event unfortunately
If Brexit ends up with the government keeping the import tariffs and also tariffs between the UK and EU then its a good revenue earner for the government but its going to make us a very expensive country.There is an economist in my family and he is not afraid to say that economists make mistakes all the times because of the large number of significant variables that are not precisely known at the time of prediction.
There is a 'remain bubble' at the moment which wants to believe that brexit will make us all worse off. I think this is no more founded that the belief that the EU will implode very soon. The real problem is that the left cannot offer any better solution than the divided tories.
I reckon T May has two years to work that out. Whichever plan she may come up with, half of the tories won't like it anyway so why rush?More than 6 months down the road, how close are we to delivering our strategic plan?
Tom
Wonder if it would work on here...Was the three crop rotation rule not designed to increase fertility in the soil and remove parasites?
It's great.......somewhere else........What is wrong with garlic as a food source?
May i ask what you are on about with this?Wonder if it would work on here...
Woosh
Be careful that's almost support for Brexit...( from your economist friend)
I,m currently travelling through France...whats happened...they have been friendly in restaurants, helpful and polite in supermarket and even car hire bloke was pleasant...( didn't try and charge cleaning penalty, car cost exactly as advertised, which is a first in France) something is wrong...has Napolean escaped from Elba again...planning an invasion fleet as we speak...
Completely different to 2 months,ago...
On the Umberto Eco messiah claim...rather ironic he,s held up as champion of remainers spouting off on forums continually...when actually his biggest bug bear was social media and globalisation...but then again irony does take some understanding for some..
Having had my moan I have noticed a slight change in the rhetoric..its not quite as negative towards brexit and a bit less insulting towards leavers. So well done. Keep it up another 8000 posts and we might see another positive comment for brexit from a remainer. ( I know I,m exaggerating ,we,ve actually already had 2...)
And whilst I,m at it..wouldnt you remainers be better telling his Tonyness to feck off, he really is damaging what little credibility you remainers have...Strange old world a war criminal donating £10kk to remain...I wonder where he got that from ??? I bet Tom and OG really have got their knickers in a twist over Blair championing remain. You could not write it.
Take care. A ferry to catch...
Ok..ok ..ok..(In Joe Pesci voice)
3 positive comments from remainers about brexit. The fat tw4t closing his restaurants is the third.Best news I,ve had for a while. Thanks Tom.
Danid.. Obviously not...