Download PDF

Just watched Farage’s extraordinary speech to the EU in Brussels. Speaking as if he were representing the UK, when only 36% voted for Brexit and 35% of us voted against. He described MEP’s as ‘People who have never had a proper job.’ The speech is here: https://www.youtube.com/watch?v=X7le5GPJpbE

Why is this man insulting our neighbours when we are just about to enter tricky negotiations with them upon which our futures depend?

Meanwhile the £ has lost more than 10% of its value against other major currencies. That means all our food – of which we import 46% – will become more expensive. It won’t happen immediately, but later in the year. You will, however, notice it if you’re in Europe on holiday this summer – your £ will buy less.

Let’s say many are struggling too much at present to go traipsing about Europe. The first thing they’ll notice is a rise in petrol prices (a $ market). Next food prices will begin to creep up.

Where food comes from

Don’t take my word for it, here are the official figures for food imports. Even if they are 10% skewed by the dreaded ‘expert lies’, we still import a lot.

In addition, the Bank of England may step in to stabliise the £. It has two ways of doing this – devaluation or raising interest rates. Devaluation is known euphemistically as QE or printing money, while interest rate rises make Sterling more attractive as a buy for currency traders and savers alike but distress anyone with bills or debt. I can’t see that rate rises will be politically acceptable to people who have been promised they can have their cake and eat it, which will mean QE, making all of our £’s worth less. So these people are already costing me; we’ve just downgraded eating out to eating in on the first evening of our holiday…

 

SHARE
Previous articleWhere is the Wisdom of the Crowd Now?
Next articleWon’t get Fooled Again…
As a psychologist, psychotherapist and research practitioner of 40 years, I've had the benefit of the experiences of more than 100,000 people around the world. They've talked about their daily lives, hopes, fears, ambitions and needs. These experiences have helped me to contribute to innovations from Beds in Business and the Fast Track for airlines to television drama and online communities. Specialties:Large groups, facilitation, application of psychological theories to commercial issues

LEAVE A REPLY