tag:blogger.com,1999:blog-32841798.post3457593170006508276..comments2024-03-18T16:33:31.633+00:00Comments on Capitalists@Work: Positive benefits of EU Referendum felt by all already by all UK residentsCityUnslickerhttp://www.blogger.com/profile/15929544047783163175noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-32841798.post-17053273308722023092019-04-16T19:01:35.088+01:002019-04-16T19:01:35.088+01:00If you lack the will to invest in productive capit...If you lack the will to invest in productive capital, you throw people at it - the UK's "productivity puzzle". Good news for employment and wage growth but bad news if you are holding sterling. <br /><br />Watch sterling slide. Watch the pre-Brexit stockpiling unwind. And with a depreciating currency, house prices will go up but their value against a basket of currencies won't.<br /><br />Is it good or bad? Depends on where you have hedged. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-32934575347711459212019-04-16T16:50:38.215+01:002019-04-16T16:50:38.215+01:00But with Brexit becoming BrINO, the Guardian is al...But with Brexit becoming BrINO, the Guardian is already looking forward to more house price rises. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-17245201777113480242019-04-16T15:20:02.747+01:002019-04-16T15:20:02.747+01:00I suppose they could say Brexit hasn't happene...I suppose they could say Brexit hasn't happened or - quite realistically - Brexit ISN'T happening. E-Khttps://www.blogger.com/profile/16657071992016670517noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-37613531991918673412019-04-16T15:11:47.206+01:002019-04-16T15:11:47.206+01:00Must be all that stockpiling and the extra deliver...Must be all that stockpiling and the extra delivery drivers needed. <br /><br />Fuck me, I've only just recovered from the long weekend in Remainsville. How can I have spent £35 on beer one evening in a Wetherspoons ? E-Khttps://www.blogger.com/profile/16657071992016670517noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-78496800349877414172019-04-16T15:04:59.305+01:002019-04-16T15:04:59.305+01:00Even if you find a Remoaner who will admit that th...Even if you find a Remoaner who will admit that the absence of low-wage foreign competition is having a positive effect on wages, they will still not admit that those EU workers have been leaving the UK out of, erm, economic self-intrest rather than 'fear' of Brexit.<br /><br />On the eve of the 2016 referendum the £ was at €1.24, having been up to €1.35 - €1.40 in 2014/2015. Last year it chuntered along at €1.10 - €1.12. That's a 20% drop in income for Poles and Bulgarians sending their wages home. Germany became more attractive, particularly given UK housing costs, so they left. Not fearing Brexit at all, but maximising their economic benefit, as befits capitalism Raedwaldhttps://www.blogger.com/profile/11699610899843349594noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-17431661529898068512019-04-16T12:07:40.594+01:002019-04-16T12:07:40.594+01:00Indeed Matt. I like to see how they try to explain...Indeed Matt. I like to see how they try to explain it away all the time and above all, never mention this in polite company. CityUnslickerhttps://www.blogger.com/profile/15929544047783163175noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-72053967866203194052019-04-16T12:01:54.709+01:002019-04-16T12:01:54.709+01:00The numbers must be wrong. For those hardworking f...The numbers must be wrong. For those hardworking foreigners were not taking British jobs as we've been told for years. Something else must be happening instead.Matthttps://www.blogger.com/profile/08141297358269863170noreply@blogger.com