To be shocked and horrified by the shit exchange rate?

[BrexitBingoGenerator]

Thanks Boris.

We are in France this week- it’s cost us over 80 quid to fill the car and our food shops are extortionate. A bag of oranges was nearly £5 and it cost £50 for three of us to go to the waterpark. A Belgian family there said that they have just come back from Britain and stocked up on shoes, clothes and even Christmas presents for their family because the euro to sterling exchange rate is now so good (for them, not for us).
Everything seems so much more expensive than this time last year- is this what we are to expect now?

Living the brexit - brink dream 🙄

“On a positive note, UK exports will go up and our tax revenues will improve. This will then lead to a strengthening of the pound.”

Hah hah hah. That’s not how economics works. Here is an example
When currency is 20% weaker (like it is now compared to pre-referendum) instead of selling ten cars for $100k, we have to sell 12 cars to get to $100k. Those two cars weren’t produced for free you know so we’ve expended more £ to get LESS $ paid to us for our exports. But, it looks like exports have gone up because instead of exporting 10 cars, we have exported 12. It also looks good (when it’s really bad ) because the £ sold goes up say from £80k to £93k. But it’s actually NOT good and will not strengthen the pound.
Besides, our factories are closing down. No orders coming in. So it is is already worse than this.

Should we blame that on brexit?!

Sush, don;'t ruin the narrative, there is a lot of unpaid interns grass rout support online.

Our tax revenues are already hosed. All the multi-million & billionaires have moved their money offshore. Including leading Brexiteers.
The loss within the financial services industry is already in the trillions, meaning billions less in tax revenue. No amount of tea kettles or mini coopers will plug that hole.l.oh wait mini coopers production are being moved from oxford to the Netherlands.

On a positive note, UK exports will go up and our tax revenues will improve.

What exports would those be?

I loathe Nigel Farage. Words escape me on just how vile that lying man is.

Should we blame that on brexit?!

Nah, we can blame that on the massive recession?!?

“On a positive note, UK exports will go up and our tax revenues will improve. This will then lead to a strengthening of the pound.”

After the recession that Brexit will push us into maybe?

OP... You can't blame Brexit/boris for the fuel prices in France, they have gone up a huge amount.
And how different are the FX rates since last time you were there?

The exchange rate has been 1:1 in the past
True. PinkiOcelot For reasons of global economic crash in 2009? I'm not sure what the 2014 drop was for.

At present though, the value of the £ goes up when the risks of crash out brexit go down.

We're in crash out brexit territory now, and the £ will probably continue to plummet dramatically.

The UK is generally a good bit cheaper than some countries in Western Europ

Some things are cheaper, but our (deliberately) underfunded public services have made life much more expensive for most of us.

Why should we tolerate an unpopular old advisory referendum decision to make ourselves much poorer?

Going abroad is not compulsory.

It is for people whose jobs involve it, or who have families there. And regardless of that, why make the process more difficult and expensive for absolutely no good reason at all?

The example of Barcelona up thread wasn't exactly the best though, it's one of the most, if not the most, expensive city in Spain. It's like complaining London is expensive.

Economically it’s much more complicated. In theory our exports should be more competitive but they’re usually dependent on imported ‘ingredients’. It’s the a global world and the same everywhere.

Services, IP, entertaining, arts etc is a bit different as the principal cost is the Labour but even that’s effected if you’re reliant on overseas people and they need more pounds to match up to their dollar / euro pay expectations

Adapt and survive, I'm sure you'll muddle through your holiday while garnering sympathy from the checkout woman about the cost of food in her own country that you are temporarily at the mercy of with the disadvantage of having lost 2p in the pound this last fortnight.

Black Wednesday in 1992, when the UK was forced to withdraw from the European exchange-rate mechanism.

Seems to be the only time the pound has fallen to 1:1 with the dollar

www.poundsterlinglive.com/bank-of-england-spot/historical-spot-exchange-rates/gbp/GBP-to-EUR

The lowest I can find on the Euro is 1:1.01 in 2010.

I don't think it's so much the value of the £....Europe is bloody expensive! We live in a Northern European country (Scandinavian) and everything here is extortionate. Especially food. When we come back to the UK i go daft in places like Asda. Even M&S is cheap compared to here.

We regularly drive through Germany, the Netherlands, Belgium and France to get home and none of them are cheap for fuel or food. France is by far the worst.

@cottonwoolsnowmen what control 😂

It was bound end up like this. Im unhappy about it but not surprised. Things will only get worse

Everything's more expensive and it's been that way for a while now 😭

Thats how democracy works dear. Cheer up.

France was ridiculously expensive when I went last year, especially for food. That's part of the reason why people were rioting there lately.

But yeah, Brexshit is only going to make it much much worse.

We look like the world's biggest fools, what sort of idiot would vote for this. The economic side of this isn't even the worse bit, we've gambled with the peace as well. Oh, and we knew what we voted for apparently, this shitshow was what we wanted.

We found food and eating out far more expensive in France, Belgium and Germany.

I’m not a hard Brexiteer but do think this EU stuff is being given more importance than it deserves. The ‘west’ has been losing purchasing power for decades now as the Far East catches up and in many industries taken over. The eurozone / EU is one of the most protectedness regions going in terms of trade. Slating Leave voters for being inward looking is ironic. The EUs own trade policies are far more self centred than the US for instance getting slated for the China trade war when they’re miles more open than us.

The EU and GB and all the other ‘rich’ countries are fighting a losing battle. Equality means developing countries will get richer and we’ll need to take a hit. You can’t justify people living in mud huts just because they’re thousands of miles say out of sight

woman19 Sat 03-Aug-19 21:00:37
The UK is generally a good bit cheaper than some countries in Western Europe.

Some things are cheaper, but our (deliberately) underfunded public services have made life much more expensive for most of us.

But its still cheaper in the UK.
To see the doctor in countries like Ireland, you have to fork out 60 euro.

The will of the people is to be poorer, less connected, less influential and possibly dead (if the predictions about critical medicines and the Good Friday Agreement turn out to be true).

Apparently that is what we voted for. Except the 48% who did not.

Thanks Boris

No, thanks to the 51% of the UK - idiots who voted for leaving the EU. Anyone with half a brain could have predicted this.

It's been cheaper to buy clothes, food, toiletries, shoes and books in the UK since 2006, which is when we moved to Belgium. White goods have always been extortionate here in Belgium, as has car tax.

The exchange rate hasn't been brilliant for a long time, so this is nothing new.