So what did the Brexit supporters gain?

[SgtRock]

2 hours ago, SheungWan said:

 

 

No. Its not 'priceless'. It is a >10% hole in sterling income converted to baht. That is the real world right now.

 

WOW

 

How could I be so stupid as to not know that the £ has fallen against the Baht. 

 

This is also the real world, which is why I said previously and I will say it again now

 

6 hours ago, SgtRock said:

Bottom line is, some of us do not care.

 

 

One day, if you are lucky, you will come to understand that there is more to life than money.

 

Of course if you are a HK based banker, that will be an alien concept to you. 

[AlexRich]

https://www.theguardian.com/business/2016/sep/21/businesses-scaling-back-investment-plans-brexit-vote-bank-of-england

 

Back to reality? 

[Khun Han]

The reality (with short-term upward revisions and medium-term downward speculation from the economic 'forecasters, of course'):

 

http://www.bbc.co.uk/news/business-37428764

 

"Official figures have not yet reflected the collapse in confidence predicted by some surveys since the referendum."

 

"There were stark warnings during the referendum campaign of the short-term effects of a vote to leave the European Union. "

 

""So far there are no signs of a sharp collapse in consumer confidence as some early fears had suggested," the ONS said. ""

[SgtRock]

Quote

OECD in Brexit warning U-turn as it revises UK growth forecast

 

Quote

The west’s leading economic thinktank has backtracked on its warning that the UK would suffer instant damage from a Brexit vote and has thrown its weight behind plans by Theresa May to provide fresh post-referendum support to growth in November’s autumn statement.

 

https://www.theguardian.com/business/2016/sep/21/oecd-does-a-u-turn-over-brexit-warning-as-it-revises-growth-forecast-for-britain

[SheungWan]

4 hours ago, SgtRock said:

 

WOW

 

How could I be so stupid as to not know that the £ has fallen against the Baht. 

 

This is also the real world, which is why I said previously and I will say it again now

 

 

One day, if you are lucky, you will come to understand that there is more to life than money.

 

Of course if you are a HK based banker, that will be an alien concept to you. 

 

The really stupid ones are those who know that the £ has fallen 10% against the baht and entertain everybody with their finger in the ears 'I don't cares'. Meanwhile those reliant on sterling incomes and living in Thailand are financially poorer. So that is what those expats have gained.

[rockingrobin]

28 minutes ago, SheungWan said:

 

The really stupid ones are those who know that the £ has fallen 10% against the baht and entertain everybody with their finger in the ears 'I don't cares'. Meanwhile those reliant on sterling incomes and living in Thailand are financially poorer. So that is what those expats have gained.

Spot on

whilst it may be an inconvenience to some it will be a concern to others and to dismiss  their opinions is arrogance

[Khun Han]

Ah, ok. Let's change the course of history because some expats have lost a bit of money on the exchange rates .

[Linzz]

If the EU collapses it will be the UK (read Brexiters) who will be blamed by the highly educated high info intelligentsia 

[AlexRich]

EU collapse? Or just adjusts and evolves? 

[Khun Han]

The EU has an awful lot of adjusting and evolving to do, and I doubt that the people put in charge of it's day-to-day running are up to the task. it all depends on how much help they get from remaining members' leading politicians. This is where I see big problems developing over the next two years, as politicians are removed/put inder pressure by their electorates over key EU policies.

[SheungWan]

2 hours ago, Khun Han said:

Ah, ok. Let's change the course of history because some expats have lost a bit of money on the exchange rates .

 

Some expats? All UK expats reliant on sterling income are down >10%. Its the 10% which is the only fact on the ground.

[Khun Han]

The point I was making (which you seem to have missed) is that expats' pockets don't rank highly when UK politicians and the general UK public are drawing their conclusions and making their decisions.

[SheungWan]

Just now, Khun Han said:

The point I was making (which you seem to have missed) is that expats' pockets don't rank highly when UK politicians and the general UK public are drawing their conclusions and making their decisions.

 

It is the Brexiteers who are doing the playing here. But can't shake that 10% boys. You own it.

[Khun Han]

I'm not sure what relevance your reply is to my post that you quoted. You seem to be stuck in a monotone.

[cheapskatesam]

The UK and EU relationships fate was sealed in 2004 when the whole of former soviet Eastern Europe was given full rights to come here, work and claim.

 

They have subsequently invaded, pillaged, robbed, destroyed communities up and down the UK and furthermore have the audacity to set up Polski SKleps everywhere because all of there stuff is "superior. 

 

They even set up forums and websites to facilitate their own people to scrounge of the UK welfare - Type "benefity w uk" into google and you'll find them all. 

 

Years ago i was the most anti-racist person you could meet. 

When i think of Polish, Romanians, Lithuanians i have a real bitter feeling in my mind. I don't hate.. but i really dislike them, their language and everything about them.

The EU has done this to me.

[SgtRock]

10 hours ago, SheungWan said:

 

The really stupid ones are those who know that the £ has fallen 10% against the baht and entertain everybody with their finger in the ears 'I don't cares'. Meanwhile those reliant on sterling incomes and living in Thailand are financially poorer. So that is what those expats have gained.

 

The really stupid ones, are the ones that despite being told on numerous occasions fail to grasp the concept of there is more to life than money.

 

Some of us do not have our fingers stuck in our ears, we have the ability to absorb and understand that the £ has fallen. I also have the ability to understand that it could possibly fall even further.

 

Having had to repeat myself 3 times in saying that for some people there is more to life than money, something that appears to be beyond your ability to understand.

 

It also suggests that it is actually you that has their fingers jammed in their ears and appear to be really stupid ? Rather than throw cheap insults, try looking in a mirror, that end of a bell looking back at you is actually you 

[rhythmworx]

If we spent more money on education than on immigrants there wouldn't be no skills gap.

 

We also wouldnt have a housing shortage and all the other stuff I could ramble on about.

[SgtRock]

7 hours ago, SheungWan said:

 

Some expats? All UK expats reliant on sterling income are down >10%. Its the 10% which is the only fact on the ground.

 

The biggest flaw in your argument and the biggest mistake you made is assuming that most of the UK expats in Thailand are pensioners with only a State Pension, where the fall in the £ will have been a real kick in the swingers.

 

I personally have not met another Brit in Thailand who's only source of income is a State Pension ( There is probably a very small % somewhere ) but not that many.

 

You need to try a little bit harder to come up with a better argument, the one that you are flogging is a dead horse.

[chiang mai]

15 minutes ago, SgtRock said:

 

The biggest flaw in your argument and the biggest mistake you made is assuming that most of the UK expats in Thailand are pensioners with only a State Pension, where the fall in the £ will have been a real kick in the swingers.

 

I personally have not met another Brit in Thailand who's only source of income is a State Pension ( There is probably a very small % somewhere ) but not that many.

 

You need to try a little bit harder to come up with a better argument, the one that you are flogging is a dead horse.

 

My experience is that UK expats in Thailand are massively reluctant to invest outside of the UK's financial system because of FCA protection and the availability of regulated onshore IFA advice, it will be rare to find a pensioner who is invested in currencies outside of The Pound. Whilst I agree that most pensioners have a second or third income stream, apart from the State Pension, that income stream is almost certainly denominated in Pounds.

[SgtRock]

6 minutes ago, chiang mai said:

 

My experience is that UK expats in Thailand are massively reluctant to invest outside of the UK's financial system because of FCA protection and the availability of regulated onshore IFA advice, it will be rare to find a pensioner who is invested in currencies outside of The Pound. Whilst I agree that most pensioners have a second or third income stream, apart from the State Pension, that income stream is almost certainly denominated in Pounds.

 

What part of your post address's my point Changers ?

 

Just for clarity, here it is again.

 

25 minutes ago, SgtRock said:

The biggest flaw in your argument and the biggest mistake you made is assuming that most of the UK expats in Thailand are pensioners with only a State Pension, where the fall in the £ will have been a real kick in the swingers.

 

I personally have not met another Brit in Thailand who's only source of income is a State Pension ( There is probably a very small % somewhere ) but not that many.

 

 

Must try harder Changers 

Edited September 22, 2016 by SgtRock

[Linzz]

7 hours ago, SheungWan said:

 

It is the Brexiteers who are doing the playing here. But can't shake that 10% boys. You own it.

 

I agree and you are correct that the devaluation is an unshakeable fact and it will and does have it's effect no doubt.

 

But 10% is not set in concrete. Currencies fluctuate.

After a big rise and fall EURGBP is about where  it was in July 2013. GBPUSD has been in decline since November 2007. Brexit has accelerated that decline, but who knows whether it would not eventually reach the value it is today without Brexit if decline is historically the case? How much THB could you buy with 1 GBP in 2007? 65? now 45?

 

Who knows whether it may not now experience a turn around because of Brexit in a year or two? Will you then congratulate the Brexiters if that is the case or if not the case continue to blame them for something that was set in motion in 2007?

[chiang mai]

13 minutes ago, SgtRock said:

 

What part of your post address's my point Changers ?

 

Just for clarity, here it is again.

 

 

Must try harder Changers 

 

You can read it I presume just like everyone else can, I'm not playing your stupid word games, it's like debating with children!

[SgtRock]

2 minutes ago, chiang mai said:

 

You can read it I presume just like everyone else can, I'm not playing your stupid word games, it's like debating with children!

 

You are the one playing stupid word games Changers by introducing:

 

26 minutes ago, chiang mai said:

My experience is that UK expats in Thailand are massively reluctant to invest outside of the UK's financial system because of FCA protection and the availability of regulated onshore IFA advice, it will be rare to find a pensioner who is invested in currencies outside of The Pound.

 

In response to :

 

45 minutes ago, SgtRock said:

The biggest flaw in your argument and the biggest mistake you made is assuming that most of the UK expats in Thailand are pensioners with only a State Pension, where the fall in the £ will have been a real kick in the swingers.

 

Not even word games Changers.

 

A complete bodyswerve of the point I made and the introduction of a complete red herring. A typical ploy by the still bitter remoaners.

 

Get a life Changers.

[chiang mai]

Since you guys are discussing this stuff, here's a decent across the board look at what's changed since the vote, one of the better summaries I've seen and hopefully it'll stop some of you making up you're own "facts":

 

https://www.theguardian.com/business/ng-interactive/2016/sep/21/how-has-the-brexit-vote-affected-the-uk-economy-september-verdict

[Khun Han]

Sorry, that grauniad article lists all the good things that weren't supposed to happen according to the remainer camp, and includes more predictions of gloom. I'll start taking their predictions seriously if they actually start getting the odd one right.

[chiang mai]

5 hours ago, Khun Han said:

Sorry, that grauniad article lists all the good things that weren't supposed to happen according to the remainer camp, and includes more predictions of gloom. I'll start taking their predictions seriously if they actually start getting the odd one right.

 

Perhaps if you stopped thinking about things in terms of them and us, the debate would be more constructive! The Remain/Brexit labels are old news, we're now all Brexiteers, have you got it yet!

[AlexRich]

"Specialist insurance market Lloyd's of London is close to announcing whether it is considering relocating part of its operations if the UK loses vital passporting rights as a result of the Brexit vote.

Chairman John Nelson told City A.M. he was "hopeful" the UK could strike a deal with the rest of the EU to preserve the financial services passport, which lets firms do business across the other 27 members from a UK headquarters. However, he added: "We have to plan on a contingency basis, so that's what we're doing.

"We've had some contingency plans in place for a while. We're refining them at the moment ... We have to have our plans ready to roll in the fairly near future."

Chief executive Inga Beale told the BBC the plans could include setting up an EU subsidiary or Lloyd's branches in continental Europe".

City AM

[Jip99]

Just something for information. I see it as encouraging.

 

 

OECD in Brexit warning U-turn as it revises growth forecast for UK

https://www.theguardian.com/business/2016/sep/21/oecd-does-a-u-turn-over-brexit-warning-as-it-revises-growth-forecast-for-britain?cmp=oth_b-aplnews_d-2

[Khun Han]

"Lloyd's of London has described the UK's vote to leave the EU as a "major issue for us", saying it is working on a plan to ensure it can still trade across Europe.

The specialist insurance market said that all options, including a new EU subsidiary, were on the table though it had ruled out a shift from its London base."

 

http://news.sky.com/story/lloyds-of-london-sees-europe-trading-threat-after-eu-vote-10588019

 

[Khun Han]

3 hours ago, chiang mai said:

 

Perhaps if you stopped thinking about things in terms of them and us, the debate would be more constructive! The Remain/Brexit labels are old news, we're now all Brexiteers, have you got it yet!

 

 

After all the personal insults and condescension dished out by remainers in these discussions, one of them is complaining about being civil! Let's see how you remainers behave for a while first .

 

by the way, I think most of the remainers (particularly Alex) would disagree with you that they have accepted brexit.