PDA

View Full Version : Rising cost of Brexit leaves UK households with less cash for treats



AtW
27th December 2016, 22:12
Oh dear!

"When asked about the outlook for their disposable income, almost a third (31%) of people saw themselves having less money in 12 months’ time once all household bills and essentials are paid."

https://www.theguardian.com/business/2016/dec/27/uk-households-cash-brexit-vote-import-costs

Major Hassle
27th December 2016, 22:40
https://s27.postimg.org/9sjcbz0yr/IMG_3546.png

AtW
27th December 2016, 22:48
295

greenlake
28th December 2016, 02:32
Rising cost of Brexit leaves UK households with less cash for treats

As long as you can afford the essentials, life is good....

http://i.imgur.com/VZeUDak.jpg

NotAllThere
28th December 2016, 07:15
Oh dear!

"When asked about the outlook for their disposable income, almost a third (31%) of people saw themselves having less money in 12 months’ time once all household bills and essentials are paid."

https://www.theguardian.com/business/2016/dec/27/uk-households-cash-brexit-vote-import-costsOn what basis do they see themselves being poorer?

original PM
28th December 2016, 08:12
On what basis do they see themselves being poorer?

Probably the basis that the reporter thought it would make good journalism e.g. not a shred of evidence.

MarillionFan
28th December 2016, 08:49
On what basis do they see themselves being poorer?

It starts in March mate. Prices spin the shops are going to jump by 10-15% minimum on imported goods. Forget all this crap about absorbing prices, shops like to keep a profit margin. For most non food goods we work on a 2.4 multiple.

So a dining table and chairs for example may cost a retailer at 250 exc vat, will mark it for 600 or 599 to make the customer thinks it's a bargain. If the cost to the retailer say goes to 300' then you're up to 720. Yes the profit increases, but the margin stays the same.

You're all fooked come March.

cojak
28th December 2016, 09:06
Only if you buy stuff.

MarillionFan
28th December 2016, 09:07
Only if you buy stuff.

You still eating dust then?

BrilloPad
28th December 2016, 10:10
Nothing to do with Brexit and everything to do with the gap between rich and poor getting wider.

The JAMs may think Brexit will make things better. But its meet the new boss - same as the old boss.

GB9
28th December 2016, 11:24
Bless AtW for he is worried about his btl empire.

I bought a load of stuff just before Xmas and was amazed how cheap everything was.

Still, good story.

cojak
28th December 2016, 11:51
You still eating dust then?

Food isn't stuff. Lidl won't be bankrupting me for a while yet...

GB9
28th December 2016, 12:53
Food isn't stuff. Lidl won't be bankrupting me for a while yet...

Interesting that the euro owned chains seem to have managed to keep their food prices the same or lower. The UK companies have dropped their prices on many products.

TestMangler
28th December 2016, 13:03
Imported goods WILL rise in price because of the weakness of the pound. That already happened at a wholesale/distribution level before xmas. Still, good old UK manufactured goods should be fine, unless they use commodities traded in dollars to manufacture them. That ignores the fact that nothing is actually made in the UK anyway :tongue

AtW
28th December 2016, 13:22
On what basis do they see themselves being poorer?

On the basis of having less money in their pockets, by end of January plenty of people on here should feel the sting from higher divi taxes - by having to prepay more on account

AtW
28th December 2016, 13:25
Interesting that the euro owned chains seem to have managed to keep their food prices the same or lower. The UK companies have dropped their prices on many products.

It's called hedging

Long hedges can be very expensive - given downside to sterling that would add extra cost even if sterling goes up, which it won't.

Given that we have total muppets in charge I expect to see another 10% next year

AtW
28th December 2016, 13:29
Bless AtW for he is worried about his btl empire.

I bought a load of stuff just before Xmas and was amazed how cheap everything was.

Still, good story.

Typical Brexit cretin - does not thing about the very near future and enjoys good weather now - them low Xmas prices, all is peachy!

GB9
28th December 2016, 14:56
It's called hedging

Long hedges can be very expensive - given downside to sterling that would add extra cost even if sterling goes up, which it won't.

Given that we have total muppets in charge I expect to see another 10% next year

It's called hedging? WTF are you on about? Do you think you can get away with talking tulipe by trying to use a few semi-technical words that you hope others won't understand?

As I've been trading markets for over 20 years it's easy to identify you are talking absolute bull-tulipe.

Out of all the loser muppets we have on here you probably are the thickest idiot. Even assguru doesn't come close to you.

GB9
28th December 2016, 14:57
Typical Brexit cretin - does not thing about the very near future and enjoys good weather now - them low Xmas prices, all is peachy!

I suspect the only person suffering next year will be you as the new BTL regs start to bite.

AtW
28th December 2016, 14:58
I suspect the only person suffering next year will be you as the new BTL regs start to bite.

I don't have any BTLs.

AtW
28th December 2016, 15:01
It's called hedging? WTF are you on about? Do you think you can get away with talking tulipe by trying to use a few semi-technical words that you hope others won't understand?

As I've been trading markets for over 20 years it's easy to identify you are talking absolute bull-tulipe.

https://en.wikipedia.org/wiki/Foreign_exchange_hedge

I was actually hoping you'd understand, with all that 20 years trading experience it should be trivial to understand what word "hedging" means within the context of imports into country with volatile (even falling) currency.

GB9
28th December 2016, 15:04
https://en.wikipedia.org/wiki/Foreign_exchange_hedge

I was actually hoping you'd understand, with all that 20 years trading experience it should be trivial to understand what word "hedging" means within the context of imports into country with volatile (even falling) currency.

And having worked with several companies with global exports, including the current client, i'm pretty sure I know more about importing and exporting than you can dream of.

You are massively out of your depth, yet again.

AtW
28th December 2016, 15:08
And having worked with several companies with global exports, including the current client, i'm pretty sure I know more about importing and exporting than you can dream of.

You are massively out of your depth, yet again.

That's good to know, thanks for sharing.

AtW
28th December 2016, 15:09
Sterling forward rates - nobody (almost) even wants to offer hedging beyond March 2017! :eek: :eek: :eek:

British Pound Futures (GBP/USD) Quotes - CME Group (http://www.cmegroup.com/trading/fx/g10/british-pound.html)

DOOMED!!!

darmstadt
28th December 2016, 15:55
I don't have any BTLs.

Liar...

http://www.backyardsquirrels.com/wp-content/uploads/Squirrel-in-house-2.jpg
https://c1.staticflickr.com/1/145/352925678_726eab9390_b.jpg
https://st.hzcdn.com/simgs/6ab23c0604af3a9c_8-9951/home-design.jpg

MarillionFan
28th December 2016, 15:57
Food isn't stuff. Lidl won't be bankrupting me for a while yet...

Come Brexit, they'll be first on the boat.

DimPrawn
28th December 2016, 17:26
https://en.wikipedia.org/wiki/Foreign_exchange_hedge

I was actually hoping you'd understand, with all that 20 years trading experience it should be trivial to understand what word "hedging" means within the context of imports into country with volatile (even falling) currency.

For those not familiar with currency hedging.

http://riscograma.ro/wp-content/uploads/2016/04/hedging.jpg

HTH BIDI

GB9
28th December 2016, 18:16
For those not familiar with currency hedging.

http://riscograma.ro/wp-content/uploads/2016/04/hedging.jpg

HTH BIDI

Looks like I upset the peasants again.

Nice hedges btw.