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PostPosted: Fri Jun 23, 2017 11:25 am 
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MR T wrote:
captain cab wrote:
Nidge2 wrote:

But the weak pound is good for business right? Look at TATA Steel, they were looking to sell lock stock and barrel before Brexit. Now the pound has devalued they aren't so quick to sell because orders have increased.


But the decreased value of the pound means that imports into this country cost more.
Less


No it costs us more.

When the pound is at a lower value it makes our goods cheaper to buy - but when buying in, it costs us more.

What does it mean for households and businesses?

For holidaymakers, it's bad news. A weaker pound means Britons will get less bang for their buck overseas.

A weaker pound also means UK businesses have to pay more for goods they buy in foreign currencies, making imports more expensive. These higher costs could fuel domestic inflation.

For exporters, the news is brighter. A weaker pound makes their goods more competitive, boosting growth. Manufacturers have complained in recent years that the strong pound has hurt trade.

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PostPosted: Fri Jun 23, 2017 11:30 am 
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MR T wrote:
captain cab wrote:
Nidge2 wrote:

But the weak pound is good for business right? Look at TATA Steel, they were looking to sell lock stock and barrel before Brexit. Now the pound has devalued they aren't so quick to sell because orders have increased.


But the decreased value of the pound means that imports into this country cost more.
Less

More! If something costs €120 and the exchange rate is 1.20 Euro to the pound then the goods will cost £100. If the rate drops to 1.10 Euro to the pound the goods will cost £109.09

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PostPosted: Fri Jun 23, 2017 12:28 pm 
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Quote:
But the weak pound is good for business right? Look at TATA Steel, they were looking to sell lock stock and barrel before Brexit. Now the pound has devalued they aren't so quick to sell because orders have increased.

But the decreased value of the pound means that imports into this country cost more.
Less[/quote]
More! If something costs €120 and the exchange rate is 1.20 Euro to the pound then the goods will cost £100. If the rate drops to 1.10 Euro to the pound the goods will cost £109.09
[/quote] But if you are selling for 120 euro before the pound dropped and are being paid 120 euro now ..they are laughing.....most prices fixed at point of sale

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PostPosted: Fri Jun 23, 2017 2:02 pm 
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MR T wrote:
But if you are selling for 120 euro before the pound dropped and are being paid 120 euro now ..they are laughing.....most prices fixed at point of sale

If you are selling the goods then it is an EXPORT. and yes, exporting is cheaper but the point was being made about IMPORTS

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PostPosted: Fri Jun 23, 2017 3:54 pm 
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grandad wrote:
MR T wrote:
But if you are selling for 120 euro before the pound dropped and are being paid 120 euro now ..they are laughing.....most prices fixed at point of sale

If you are selling the goods then it is an EXPORT. and yes, exporting is cheaper but the point was being made about IMPORTS

we are importing...their money.....sales are up by 30%

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PostPosted: Fri Jun 23, 2017 4:28 pm 
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MR T wrote:
we are importing...their money.....sales are up by 30%


that's great news - where did you hear that?

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PostPosted: Fri Jun 23, 2017 4:46 pm 
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http://visual.ons.gov.uk/uk-trade-partners/

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PostPosted: Fri Jun 23, 2017 4:47 pm 
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captain cab wrote:
But the decreased value of the pound means that imports into this country cost more.

Good.

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PostPosted: Fri Jun 23, 2017 4:49 pm 
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Sussex wrote:
captain cab wrote:
But the decreased value of the pound means that imports into this country cost more.

Good.


how is it good? :roll:

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PostPosted: Fri Jun 23, 2017 10:37 pm 
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captain cab wrote:
Sussex wrote:
captain cab wrote:
But the decreased value of the pound means that imports into this country cost more.

Good.


how is it good? :roll:

Maybe it will encourage people to buy British. Maybe it is time to bring back the "I'm Backing \Britain" campaign.

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PostPosted: Sat Jun 24, 2017 8:53 pm 
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grandad wrote:
Maybe it will encourage people to buy British. Maybe it is time to bring back the "I'm Backing \Britain" campaign.


You love Brucie you like :wink:

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PostPosted: Sun Jun 25, 2017 8:36 am 
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Maybe we will have more fishing boats......and maybe they will be allowed to land all their catch instead of throwing it back into the sea..as they do now under EU law now...

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PostPosted: Mon Jun 26, 2017 12:00 pm 
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MR T wrote:
Maybe we will have more fishing boats......and maybe they will be allowed to land all their catch instead of throwing it back into the sea..as they do now under EU law now...

And maybe nothing will change on the fishing front.

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PostPosted: Mon Jun 26, 2017 8:21 pm 
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grandad wrote:
MR T wrote:
Maybe we will have more fishing boats......and maybe they will be allowed to land all their catch instead of throwing it back into the sea..as they do now under EU law now...

And maybe nothing will change on the fishing front.


I blame the foreigners, coming to this country, and paying tax, how dare they

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PostPosted: Mon Jun 26, 2017 8:37 pm 
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grandad wrote:
MR T wrote:
Maybe we will have more fishing boats......and maybe they will be allowed to land all their catch instead of throwing it back into the sea..as they do now under EU law now...

And maybe nothing will change on the fishing front.



you can bet your bottom dollar the EU will want us to hand over our territorial fishing rights to the Spanish and French as part of the deal. If we can avoid that there might be scope for a resurgence of british fishing as long as it goes hand in hand with conservation of stocks

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