Is anything going to get cheaper after, assuming it happens, Brexit?

[frozendaisy]

Parking the utter disaster that is Westminster at the moment:

With unpredictable weather patterns and a weakening pound one can only assume that almost everything is going to get more expensive. Is anything going to get cheaper do you think? We are not on the breadline but at some point, if predictions and the effects of a weakened pound it's going to start hitting everyone where it hurts in the wallet surely?

[jasjas1973]

Lord Wolfson, CEO of NEXT predicts cloths prices will go UP 5% because of the predicted fall in the £ following brexit.

He also wants an orderly brexit....but predicted in 2017/18 that sense would prevail and we'd get an excellent deal..... Yes Lord Wolf, that worked out well didn't it?

You have to wonder why he wants Brexit, because it doesn't seem to benefit us at all.

[YeOldeTrout]

I won't buy another Dyson. Shark are supposed to be better V-cleaners, anyway.

I didn't know that about Next CEO being Brexit supporter. Thanks for the heads up.
Thing is I buy rather little new, so my purchasing power doesn't have much influence.
But it's my money, that's the point, to spend as I prefer.

[jasjas1973]

Swings and roundabouts

Will they go up or down? or will they seesaw between the two?

Wage rises? who has had those? no one in the public services unless on min wage and inflation uses the lower CPI figure which doesn't include housing costs that have risen a lot esp council tax, which or course we all have to pay.... its the very reason they use CPI instead of the more accurate RPI which is 1.2 % higher again.

[UserUndone]

Things could be brilliant, however, we need a government who wants to make that happen. Frankly, I'm not sure we have one. We should have left the day after the referendum.

We will have so much money but I expect our traitorous government will squander it on foreign aid and we will all still suffer austerity. Happy to be proved wrong but not hopeful.

[BogglesGoggles]

Houses apparently...at least the predictions published yesterday claimed there’d be a 10% drop.

[Clavinova]

Lord Wolfson, CEO of NEXT predicts clothes prices will go UP 5% because of the predicted fall in the £ following brexit.

What date is your info from?

March 2019;
www.telegraph.co.uk/business/2019/03/21/next-weathers-high-street-woes-post-flat-profits/

[ListeningQuietly]

I expect our traitorous government will squander it on foreign aid
How much doe the Aid budget cost compared with the NHS ?

[ListeningQuietly]

PS
If you think the Government are "traitorous", what would you replace them with ?

[1tisILeClerc]

Foreign aid is around 0.7% of GDP, about the same as contributions to the EU. IIRC the NHS is over 20% but I am not sure.
Foreign aid is helpful in stabilising some very poor countries with the reduction in the number of likely refugees.

[jasjas1973]

I couldn't be bothered answering that idiot.

[ShatteredBrianne]

@Hollyhoc I've boycotted companies over less than Brexit. Call me principled

[Peregrina]

I can't really pretend to be principled over boycotting Next, because I never bought much from there anyway!

To really have a principle it would mean boycotting something that causes the person hardship to do so.

[prettybird]

I didn't buy much either - but I did like them for options for jeans (trying to find flattering, not-low-slung jeans that flatter my 58 year old arse ).

[prettybird]

...and in the last I've bought nice suits and some good T-shirts from there.

I remember when it first opened, I loved everything in the shop I remember some culottes with wide grey and white stripes particularly fondly

[AlphaJura]

@cherin sorry to hear what happened to your DCs trust fund, it's good you've changed it to an ISA now. My ds (12) and dd (10) had them but if I recall, you did get the choice where to put it because I opted for savings accounts which I've just recently converted to ISAs. I think if you didn't do anything with it they automatically put it in the stocks and shares one. This happened to my friend and her dd lost all her money.

[Quellium]

I boycott anything with a whiff of Brexit. Quite happy to. I used to spend a fortune with Next because their next day delivery was so good.

Not really bothered what Leavers think of me tbqh as they are already displaying impaired judgement.

[Peregrina]

I obviously can't qualify as an Ultra Remainer, because it's no hardship boycotting Next and I don't drink much so don't frequent Wetherspoons.

I did buy a Miele vacuum cleaner when the Dyson packed up - and boy, is it powerful.

[Havanananana]

The market price of any product is ultimately set by what the consumer will pay and what the suppliers will sell at. In the UK, 60 million consumers determine the retail price of everything consumed, in concert with the thousands of retailers.

Let's say that the UK currently imports Red Apples (as a generic item) from the EU and the import price is, say, 50p for 4 apples, the wholesale price £1 for 4 and the retail price £2 for 4.

Post-Brexit, say the UK can import Red Apples from a non-EU country, 'Fruitopia,' which can produce them for 20p for 4. What will 4 red apples cost the consumer in the shops?

[ListeningQuietly]

£2
because the retailers want to re widen their margins

[Jason118]

Fruitopia doesn't exist. Apples will cost £3.

[CraicMammy]

The Pound will be cheaper...

[prettybird]

Or alternatively, the fruit (or other product) now costs £3 because of the higher tariffs that result from having to trade on WTO terms

Good infographic here from KPMG on the impact on the Great British Breakfast pesky experts with their insistence on facts and details

home.kpmg/uk/en/home/insights/2017/07/brexit-how-exposed-is-your-business-to-wto-tariffs.html

[cherin]

30% extra for olive oil?? :-O

[Jason118]

That's ok, we can go back to using lard, like we did in the war. Ah, such good times.

[HateIsNotGood]

I don't think anything will be cheaper - why should it? I hope we have less 'cheap' products and rely more on 'seasonality'.

Maybe politicians will be cheaper? If the discontent creates more people willing to stand up and be constantly scrutinized for trying to run a country for less wages than an inner-city HT, medical Consultant, a GP, working for the BBC or someone that works "in the City" that's fine by me. Plenty of experts here that I'm sure would be more than suitable to step in and fill the vacuum.