There is no more money

[Fragonard]

I'll cope with whatever happens, one way or another.
The worst case scenario would be 10 years.
Given that things have 'paused' somewhat at the moment as everyone waits to see what the outcome will be and that there is likely to be a transition period, I'd expect the stress to be minimal.
What those opposed to leaving continually fail to realise, is that highlighting how difficult it is extricate the UK from the far reaching tentacles of Brussels purely re-enforces one of the main reasons for wanting to leave.
Whatever the outcome, as long as we are not a member of the EU, we can have policies to suit the UK which will have to be defended by our own elected representatives. Our long term prosperity will be in our own hands and we can forge closer global ties while the EU will try to keep kicking its problems in to the long grass but there are one helluva lot of chickens waiting to come home to roost and we'll be glad we aren't part of it.

Hope it keeps fine for you lad.
With an attitude like that, you deserve to go broke.
Sorry, but that's what I think.

 

[Treg]

So the farmers that voted out, knew that they could lose money but still voted out for some other reasons.
Strange.
Any farmer I know has one primary objective, which is to make as much money as possible, which isn't a lot, but enough to keep the bills paid.
I don't know any farmer that would gamble or sacrifice his ability to pay the bills for some political or other reasons.

Sorry this doesn't make sense, farm incomes have risen alot since the Brexit vote, due to the pound weakening.
I expect @Walterp is giving his extra Bps money & the extra he is getting for his sheep to charity because it would be morally wrong to accept a bonus from somethig he feels is so wrong!
Go and talk to a accountant, mine was dead against Brexit but has said he can't believe how many farms / small businesses have been able to clear their debts since the vote.

 

[Cowabunga]

Its like a change in farming policy, short term pain for long term gain.

Long term gain? What specific gain have you in mind I wonder? I honestly can't think of one long term gain, let alone a net gain for UK plc and the people who live within it. Must have missed something massive? Oh yes, of course, a massive windfall for the NHS which was promised and plastered all over some bus, if I remember correctly, which I'm fairly certain I do.

 

[Cowabunga]

Sorry this doesn't make sense, farm incomes have risen alot since the Brexit vote, due to the pound weakening.
I expect @Walterp is giving his extra Bps money & the extra he is getting for his sheep to charity because it would be morally wrong to accept a bonus from somethig he feels is so wrong!
Go and talk to a accountant, mine was dead against Brexit but has said he can't believe how many farms / small businesses have been able to clear their debts since the vote.

That's likely to be the only thing that will save us. The Pound in your pocket falling to be worth 10p or less. It would make imports hellish expensive and lower every man-jack's standard of living even more than it has so far [for the same reason and lower growth].

Clearing of debt? Sounds odd when the high street retailers and restaurants are in such deep sh!t and closing their doors daily. People are generally not spending, which means reduced turnover and profit warnings and administrations all round.

A bit of inflation would indeed help devalue debt, as long as interest payments could be maintained, which is a dodgy assumption to make, even in agriculture with its relatively low [but fragile] debt to equity ratios.

It amazes me that farmers locally are once again the driving force in land sales meeting and exceeding 10,000/acre. This has nothing to do with inheritance tax relief . There is certainly some confidence out there. The question being, how are they and their banks risk-assessing these massive purchases?

 

[Jackov Altraids]

Hope it keeps fine for you lad.
With an attitude like that, you deserve to go broke.
Sorry, but that's what I think.

Would you be so kind to point out which part of my post would indicate my bad attitude.

 

[ollie989898]

The high street was being savaged long before Brexit. Its the online world destroying it and we are still tracking out of 2008. The world is having the same issues.

 

[Y Fan Wen]

Walter and his chums spend an inordinate amount of time and effort trying to convince us the brexit vote means doom for all....Sorry to disappoint you but farming seems to have benefited since that vote (as those who voted out realised, that’s why we did it)
The decision is made, get over it, move on, “talk about bad sports you had a crap playground education.”

I will 'get over it' as much as ukip and John Major's 'b***stards got over the 1975 referendum which voted 67% stay.
They spent the next 40 years sniping and obstructing, so don't tell me to 'get over it'.

 

[Cowabunga]

The high street was being savaged long before Brexit. Its the online world destroying it and we are still tracking out of 2008. The world is having the same issues.

Have you not seen the business news lately? People have lowered their discretionary spending substantially and are worse off now than they were a decade ago and certainly some by some figure that the BOE stated a couple of weeks ago as being as a direct result of Brexit.
Indeed UK economic growth has dropped from being at the very top of European countries to being very much in the bottom 25%, SINCE THE BREXIT VOTE and as a direct consequence of it.

 

[Werzle]

Joe public has no money because theyve spent beyond there means trying to live like celebs on the tv, everything on tick and no savings. Shops are shutting because of the internet and they mostly sell fad items . They do not own there premises either so they have no collateral plus the rent and rates kill the job. All of the above has nothing to do with brexit.

 

[Cowabunga]

Joe public has no money because theyve spent beyond there means trying to live like celebs on the tv, everything on tick and no savings. Shops are shutting because of the internet and they mostly sell fad items . They do not own there premises either so they have no collateral plus the rent and rates kill the job. All of the above has nothing to do with brexit.

There's none as blind….!

Their means has declined substantially and they are cutting their cloth accordingly. As a category of working people, I can think only of pensioners as having a markedly greater income relative to costs over the last few years and they have certainly not been effected one way or another by Brexit yet. However, if profits continue to fall in the greater economy and if business and commerce is adversely effected, then it is only a matter of time before UK plc will have to cut its own cloth and pensioner's living standards in line with the workers who finance it all.

 

[Werzle]

Interest rates need to rise to rein in peoples carefree spending, joe publics so heavily borrowed that interest rates cannot rise because half the population would go to the wall but it needs to happen

 

[Ashtree]

Sorry this doesn't make sense, farm incomes have risen alot since the Brexit vote, due to the pound weakening.
I expect @Walterp
Go and talk to a accountant, mine was dead against Brexit but has said he can't believe how many farms / small businesses have been able to clear their debts since the vote.

Mmmmm..... your accountants grasp of maths and the net effect of currency change, is somewhat suspect. Sounds more like the kinda accountant who holds court at the local ale house, pontificating wisely on matters economic! Best change your local!!!

 

[Werzle]

There's none as blind….!

Their means has declined substantially and they are cutting their cloth accordingly.

Rubbish, when did an ordinary working man start living they do now? New cars, kitchens, three piece suites, 2-3 holidays a year, eating out 2-3 nights a week. To many living beyond there means.

 

[Grassman]

The EU is making the entire process appear to be as difficult as damaging as it can possibly be, to discourage anyone else from trying it.

They are staring down the barrel of a significant spending shortfall because the UK is leaving and they have promised Eastern Europe a lot of money. Now it looks like that money might not be there. Unsurprisingly the Poles etc are unhappy and have even begun to implement domestic policies that the EU disagree with or specifically prohibit.

Meanwhile Germany is in political purgatory, the way back blocked and the way forward looks pretty unhealthy.

I wasn't a get out voter or stay in voter. Mainly because I could see drawbacks and benefits for either choice.
But since the out vote I'm happy to go along with it. However I'm extremely disappointed with the EU's attitude and efforts to make it a failure.

 

[Hilly]

b

Interest rates need to rise to rein in peoples carefree spending, joe publics so heavily borrowed that interest rates cannot rise because half the population would go to the wall but it needs to happen

Agree. if they go up quick they would cripple the country now.

 

[Hilly]

There's none as blind….!

Their means has declined substantially and they are cutting their cloth accordingly. As a category of working people, I can think only of pensioners as having a markedly greater income relative to costs over the last few years and they have certainly not been effected one way or another by Brexit yet. However, if profits continue to fall in the greater economy and if business and commerce is adversely effected, then it is only a matter of time before UK plc will have to cut its own cloth and pensioner's living standards in line with the workers who finance it all.

??? pensioners ? they get fek all, if all you had was the old age pension youd be permanently broke.

 

[Hilly]

I will 'get over it' as much as ukip and John Major's 'b***stards got over the 1975 referendum which voted 67% stay.
They spent the next 40 years sniping and obstructing, so don't tell me to 'get over it'.

Well live bitter and twisted then ya miserable git.

 

[Cowabunga]

Personal debt to GDP ratio in %


Luxembourg483.88
Ireland406.71
Iceland314.90
Norway286.78
Denmark273.77
Canada267.03
Sweden263.47
Belgium260.39
Portugal257.50
SouthKorea253.50
Netherlands251.10
Switzerland239.26
France233.97
Japan229.40
UnitedKingdom217.16
Finland211.58
Australia204.90
UnitedStates200.20
Spain200.10
Chile189.10

 

[Hilly]

Long term gain? What specific gain have you in mind I wonder? I honestly can't think of one long term gain, let alone a net gain for UK plc and the people who live within it. Must have missed something massive? Oh yes, of course, a massive windfall for the NHS which was promised and plastered all over some bus, if I remember correctly, which I'm fairly certain I do.

Well its happening so like it or lump it, you could always emigrate.

 

[Cowabunga]

??? pensioners ? they get fek all, if all you had was the old age pension youd be permanently broke.

You are very much mistaken there and they have never been as relatively better off than they are today. Having inflation beating pension increases for many many years now, while many workers wages have stagnated for years at well below living cost increases.
Those are facts.