FabSwingers.com forum: The food is getting more expensive

By (user no longer on site) OP
over a year ago

Unileaver have stopped to deliver food for tesco as they dont want to pay a 10% increase, as the pound is lower and its online shop had to take away lots of products, such as jam and other things, what you reckon will happen with the prices? Britain is importing lots of food from the eu

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By (user no longer on site)
over a year ago

We'll be like Venezuela next week

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By *mmabluTV/TS
over a year ago

upton wirral

The pound has been down before and it will go up then it will come down then it will go then it will go down etc

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By *ongtalljonMan
over a year ago

North Wales

Working out where a food product has come from can be difficult, but here are some handy hints.

Barcodes. These are unique in Aldi and Lidl, but for almost all other shops, they use a barcode standard. The first two numbers are a country identifier. Although not completely reliable, they can give some indication. For example, most cans of Stella Artois lager and Kronenburg 1664 lager sold in the UK have a barcode starting with 50. 50 is the country code for the UK and indeed these beers are brewed in the UK (under license). Heinekin is brewed only in Holland, and so it's barcode begins with a different number. The barcodes are not always 100% accurate though.

However, many times, boxed and wrapped products have another standard mark.

It's an oval with three lines of short letters and numbers. And sometimes there are numbers alongside the use by date.

Google the barcodes, google the oval codes, google everything you can find on packaging and you'll be amazed just how few products on supermarket shelves are actually from the UK.

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By *iamondjoeMan
over a year ago

Glastonbury

"The pound has been down before and it will go up then it will come down then it will go then it will go down etc"

Yes, but it's tanked since Brexit

Well done all.

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By *iamondjoeMan
over a year ago

Glastonbury

"The pound has been down before and it will go up then it will come down then it will go then it will go down etc

Yes, but it's tanked since Brexit

Well done all."

Oh and before you say "It's good news for UK manufacturing" we don;t make jack any more. And the cost of your holiday just went up by 15-20%

So well done all.

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By *orwegian BlueMan
over a year ago

Iceland, but Aldi is closer..

"The pound has been down before and it will go up then it will come down then it will go then it will go down etc

Yes, but it's tanked since Brexit

Well done all.

Oh and before you say "It's good news for UK manufacturing" we don;t make jack any more. And the cost of your holiday just went up by 15-20%

So well done all.

Taking it well there I see..

(btw, I voted stay too)

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By *iamondjoeMan
over a year ago

Glastonbury

"The pound has been down before and it will go up then it will come down then it will go then it will go down etc

Yes, but it's tanked since Brexit

Well done all.

Oh and before you say "It's good news for UK manufacturing" we don;t make jack any more. And the cost of your holiday just went up by 15-20%

So well done all.

Taking it well there I see..

(btw, I voted stay too)"

It's just fucking stupid.

You wait 'till the US elections!

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By (user no longer on site)
over a year ago

"Working out where a food product has come from can be difficult, but here are some handy hints.

However, many times, boxed and wrapped products have another standard mark.

It's an oval with three lines of short letters and numbers. And sometimes there are numbers alongside the use by date.

Google the barcodes, google the oval codes, google everything you can find on packaging and you'll be amazed just how few products on supermarket shelves are actually from the UK.

Just had to google Heineken as there's a Heineken brewery down the road so i assumed they made it there but its for their sister brands kronenbourg, fosters, bulmers etc learn something new every day

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By *uby0000Woman
over a year ago

hertfordshire

will haribos be affected ?

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By *erbyDalesCplCouple
over a year ago

Derbyshire

"The pound has been down before and it will go up then it will come down then it will go then it will go down etc

Yes, but it's tanked since Brexit

Well done all.

Oh and before you say "It's good news for UK manufacturing" we don;t make jack any more. .

We do make a few things.

(Although the increased cost of production due to imported fuel and raw materials should soon sort that out... )

Mr ddc

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By *ongtalljonMan
over a year ago

North Wales

"will haribos be affected ? "

Well, Haribo is a German company, headquartered in Bonn. They have a Haribo supermarket there with trolleys to push down the gummy bear aisle and the cola bottle aisle.

They do own a factory in West Yorkshire though, and so Pontefract Cakes could be affected.

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By (user no longer on site) OP
over a year ago

"will haribos be affected ? "
Lets hope not, or I would need to get it in bulk, mmmmm haribos

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By *ongtalljonMan
over a year ago

North Wales

"The pound has been down before and it will go up then it will come down then it will go then it will go down etc

Yes, but it's tanked since Brexit

Well done all.

Oh and before you say "It's good news for UK manufacturing" we don;t make jack any more. .

We do make a few things.

......."

Yeah, I hear that we are highly respected around the world for our ability to make cock ups and fuck ups.

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By *abioMan
over a year ago

Newcastle and Gateshead

unilever are basically holding all the uk supermarkets to ransom and all gave in except 1...

and the interesting thing about the unilever/Tesco spat is that the current CEO of Tesco use to be the CEO of Unilever..... so you think he would have an inside knowledge of how his former company use to work....

Unilever, being a dutch company, are trying to say that because of the fall of the pound against the euro, the costs to produce have in essence gone up......

Tesco's are saying... well actually... a lot of the products we are buying from you are actually produced and made in the UK!!! so that is nonsense

i like the fact that tescos have called their bluff on this....

the reality is unilever are not the first company to "readjust" their price due to the fall in the pound.... most big "electricals" have already done it...

so mobile phones for example, computers, big tvs and big money electrical goods have already gone up....

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By *entaur_UKMan
over a year ago

Cannock

"The pound has been down before and it will go up then it will come down then it will go then it will go down etc

Yes, but it's tanked since Brexit

Well done all.

Oh and before you say "It's good news for UK manufacturing" we don;t make jack any more. And the cost of your holiday just went up by 15-20%

So well done all.

Not if you holiday in the UK, and UK tourism industry has seem a massive boost since June 23rd.

Also UK manufacturing is doing very well, devaluation of the pound is great for exports, Jaguar land Rover just had their highest sales month ever recorded post Brexit and JCB are also doing very well, so well that they told the CBI they could stick their membership where the sun don't shine just the other day.

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By (user no longer on site)
over a year ago

We also have a thriving pharmaceutical manufacturing industry. An industry that exports to countries all over the world.

The outlook is good, even the new British Steel will be more competitive, which bodes well for my old hometown!

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By *oncupiscentTonyMan
over a year ago

Kent

"The pound has been down before and it will go up then it will come down then it will go then it will go down etc

Yes, but it's tanked since Brexit

Well done all.

Oh and before you say "It's good news for UK manufacturing" we don;t make jack any more. .

We do make a few things.

(Although the increased cost of production due to imported fuel and raw materials should soon sort that out... )

Mr ddc"

Cobra Indian lager is brewed just down the road from me

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By *ngel n tedCouple
over a year ago

maidstone

We may even begin to grow our own food again, if the farming community can find any scraps of land they haven't sold off to housing developers.

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By *inky-MinxWoman
over a year ago

Grantham

"We may even begin to grow our own food again, if the farming community can find any scraps of land they haven't sold off to housing developers."

A 5th of UK food is grown in Lincolnshire

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By *oncupiscentTonyMan
over a year ago

Kent

"We may even begin to grow our own food again, if the farming community can find any scraps of land they haven't sold off to housing developers.

A 5th of UK food is grown in Lincolnshire

But the best strawberries are grown in Kent

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By *inky-MinxWoman
over a year ago

Grantham

"We may even begin to grow our own food again, if the farming community can find any scraps of land they haven't sold off to housing developers.

A 5th of UK food is grown in Lincolnshire

But the best strawberries are grown in Kent

I'm sure they are

We can produce food as a country

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By *oncupiscentTonyMan
over a year ago

Kent

"We may even begin to grow our own food again, if the farming community can find any scraps of land they haven't sold off to housing developers.

A 5th of UK food is grown in Lincolnshire

But the best strawberries are grown in Kent

I'm sure they are

We can produce food as a country

Just not enough, nowhere near enough.

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By (user no longer on site)
over a year ago

All the chest thumping and patriotic talk didn't take in to account that we buy damn near everything we need from abroad and pay a lot of our farmers that own their land to not produce anything (apart from turning the fallow fields in to solar farms perhaps) whilst our 'old ally' the US is continuing to bend us over... Also all looking roses with these developing markets that won't pay dividends until a long time after the excrement pile that is heading towards the huge fan has spread mightily over one and all. Brexit looks well thought out really

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By *ngel n tedCouple
over a year ago

maidstone

"We may even begin to grow our own food again, if the farming community can find any scraps of land they haven't sold off to housing developers.

A 5th of UK food is grown in Lincolnshire

But where are the other 4 people's allotments

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By *ornylady71Woman
over a year ago

near Bury

"Working out where a food product has come from can be difficult, but here are some handy hints.

However, many times, boxed and wrapped products have another standard mark.

It's an oval with three lines of short letters and numbers. And sometimes there are numbers alongside the use by date.

Google the barcodes, google the oval codes, google everything you can find on packaging and you'll be amazed just how few products on supermarket shelves are actually from the UK.

You clever devil! Very interesting

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By *ornylady71Woman
over a year ago

near Bury

Just my thoughts on it folks don't you think that healthy food is fresh fruit & veg & meat has always been dear to buy from English supermarket, Morrison's in particular on a regular basis kept adding the odd say 20p on an item, way before the vote on whether or not we should leave the EU, then to add insult to injury the fresh fruit & veg was going off really quick,

Hense I don't shop there anymore.

To be honest I like Aldi for my healthy produce people call it, but fruit & veg is top quality & can last weeks if you store it in the fridge.

This is only my observation.

Can you tell I cant sleep lol

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By *ost SockMan
over a year ago

West Wales and Cardiff

"The pound has been down before and it will go up then it will come down then it will go then it will go down etc

Yes, but it's tanked since Brexit

Well done all.

Oh and before you say "It's good news for UK manufacturing" we don;t make jack any more. And the cost of your holiday just went up by 15-20%

So well done all.

Not "all" Joe

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By (user no longer on site)
over a year ago

"Just my thoughts on it folks don't you think that healthy food is fresh fruit & veg & meat has always been dear to buy from English supermarket, Morrison's in particular on a regular basis kept adding the odd say 20p on an item, way before the vote on whether or not we should leave the EU, then to add insult to injury the fresh fruit & veg was going off really quick,

Hense I don't shop there anymore.

To be honest I like Aldi for my healthy produce people call it, but fruit & veg is top quality & can last weeks if you store it in the fridge.

This is only my observation.

Can you tell I cant sleep lol

I would imagine you'll see Aldi putting their prices up rather a lot over the next few years. Large amounts of their stock comes from the continent and so will cost more to get here. Their head office is based on the continent in Germany too, so cost of business will become more expensive for them in the UK.

That's if the supermarket even remains viable - look what happened when Brit supermarkets tried to operate in other countries.

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By (user no longer on site)
over a year ago

"The pound has been down before and it will go up then it will come down then it will go then it will go down etc

Yes, but it's tanked since Brexit

Well done all.

Oh and before you say "It's good news for UK manufacturing" we don;t make jack any more. And the cost of your holiday just went up by 15-20%

So well done all.

I voted out, and I think if you look in to it a bit more, UK manufacturing is alive and well.

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By *abioMan
over a year ago

Newcastle and Gateshead

I voted out, and I think if you look in to it a bit more, UK manufacturing is alive and well.

And good for you for doing that.....

But the other reality is that anything we buy coming in.. being food prices, petrol prices, your overseas holidays etc will be going up...

It is going to be a trade off... not everyone is going to win!

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By (user no longer on site)
over a year ago

I voted out, and I think if you look in to it a bit more, UK manufacturing is alive and well.

And good for you for doing that.....

But the other reality is that anything we buy coming in.. being food prices, petrol prices, your overseas holidays etc will be going up...

It is going to be a trade off... not everyone is going to win! "

Which ever way it goes not everyone will win! If we had stayed some people do well and some don't.

Just like there will always be rich folks and poor folks just another fact of life, the EU was always going to stick it to the UK for having the audacity to even think of leaving and it has not stopped yet.

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By *abioMan
over a year ago

Newcastle and Gateshead

Which ever way it goes not everyone will win! If we had stayed some people do well and some don't.

see i agree with the first bit...

the second bit is just a jibe at the EU which actually is NOT part of this conversation...

the reason is that most Commodities are Traded in US dollars!!!!! so as soon as the pound slid against the dollar.... plus the interest rate cut a few months ago, this was going to happen...

some commodities you will see the prices going up quicker than others....

overseas holidays and exchanges you will notice the difference almost straight away

as i said earlier, Electonrics have already filtered thru the price rises...

petrol rises tend to start filering thru after about a month.....

for example coffee prices are set in 3 month bulk periods... expect the prices in ya starbuck/costa... and ya nescafe to start going up nearer the end of the year

aviation fuel tends to be bought at prices 9-12 months ahead... so flight prices may not start going up till this time next year.....

but the fact is anything sold where the base price is in US dollars IS going up.... that is the stark reality!

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By (user no longer on site)
over a year ago

"Unileaver have stopped to deliver food for tesco as they dont want to pay a 10% increase, as the pound is lower and its online shop had to take away lots of products, such as jam and other things, what you reckon will happen with the prices? Britain is importing lots of food from the eu

It's all media hype. People will just opt for cheaper brands or the supermarket and manufacturer will subsidise it. Make a product too expensive people look for an alternative so they risk sales falling.

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By *erbyDalesCplCouple
over a year ago

Derbyshire

"the reason is that most Commodities are Traded in US dollars!!!!! so as soon as the pound slid against the dollar....this was going to happen..."

So what you're saying is that the real solution is an application to be the 51st state?

Mr ddc

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By *erbyDalesCplCouple
over a year ago

Derbyshire

"We may even begin to grow our own food again, if the farming community can find any scraps of land they haven't sold off to housing developers."

Growing it isn't the problem.

Picking it without cheap EU labour on the other hand...

There were a group of farmers on Countryfile stating that the depopulation of Romania/Bulgaria had caused farm prices to fall so low that they were considering moving their production over there...

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By *inaTitzTV/TS
over a year ago

Titz Towers, North Notts

As long as sterling depreciates in relation to the dollar we are going to face price rises in certain commodities.

Lower sterling may help exporters, but we import more than we export.

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By *iamondsmiles.Woman
over a year ago

little house on the praire

Well where hardly going to starve cause you cant get a jar of marmite in tesco.

Plus the stock market has been great

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By *inaTitzTV/TS
over a year ago

Titz Towers, North Notts

Plus the stock market has been great

I bought Oxo and cornered the stock market

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By (user no longer on site)
over a year ago

"We may even begin to grow our own food again, if the farming community can find any scraps of land they haven't sold off to housing developers."

Scraps of land lol

Have you not been up north ?

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By *riskynriskyCouple
over a year ago

Essex.

"The pound has been down before and it will go up then it will come down then it will go then it will go down etc

Yes, but it's tanked since Brexit

Well done all.

Oh and before you say "It's good news for UK manufacturing" we don;t make jack any more. And the cost of your holiday just went up by 15-20%

So well done all.

I see Project Fear is still trying to cling on by it's finger nails...

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By *inaTitzTV/TS
over a year ago

Titz Towers, North Notts

I see Project Fear is still trying to cling on by it's finger nails...

Project economic facts

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By (user no longer on site)
over a year ago

Good news for fatties.

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By (user no longer on site)
over a year ago

I see Project Fear is still trying to cling on by it's finger nails...

Project economic facts

Truthiness

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By *eedsandyMan
over a year ago

Leeds

Unilever are being unfair. Marmite is produced in the UK and being sold to a UK based supermarket, so the value of the £ makes no difference to that transaction.

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By *ouple in LancashireCouple
over a year ago

in Lancashire

"The pound has been down before and it will go up then it will come down then it will go then it will go down etc

Yes, but it's tanked since Brexit

Well done all.

Oh and before you say "It's good news for UK manufacturing" we don;t make jack any more. And the cost of your holiday just went up by 15-20%

So well done all.

I see Project Fear is still trying to cling on by it's finger nails...

its the reality of the here and now, attempting to ignore it or label it as poor losers/ bremoaners etc is a bit silly given when there is good mews post the referendum it's shouted loudly by some..

it will be a rocky road (is that a biscuit)

before we see the long term effects and whether the decision was in our's and our kid's etc best interests..

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By (user no longer on site)
over a year ago

We can grow our own veg and theres enough wildlife to support us all

Oh and i can buy a bag of oats for less than a quid

Happy days

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By *erbyDalesCplCouple
over a year ago

Derbyshire

it will be a rocky road (is that a biscuit)

before we see the long term effects and whether the decision was in our's and our kid's etc best interests.."

By which time, the generation that voted 'Remain' will be choosing the care-homes for the generation that voted 'leave'

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By *abioMan
over a year ago

Newcastle and Gateshead

"Unilever are being unfair. Marmite is produced in the UK and being sold to a UK based supermarket, so the value of the £ makes no difference to that transaction."

that is Tesco's basic arguement......

yes some of the stuff concerned is produced overseas, but some of the items are made in the UK....

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By (user no longer on site)
over a year ago

Maybe this is how brexit is going to reduce immigration. By making the country economically unattractive to would be immigrants.

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By *ouple in LancashireCouple
over a year ago

in Lancashire

"Maybe this is how brexit is going to reduce immigration. By making the country economically unattractive to would be immigrants. "

like a cunning plan..?

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By (user no longer on site)
over a year ago

"The pound has been down before and it will go up then it will come down then it will go then it will go down etc

Yes, but it's tanked since Brexit

Well done all.

Oh and before you say "It's good news for UK manufacturing" we don;t make jack any more. .

We do make a few things.

.......

Yeah, I hear that we are highly respected around the world for our ability to make cock ups and fuck ups.

What parts of the world would that be?

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By (user no longer on site)
over a year ago

No need for you to tax your brain cell thinking about it. After all mummy and daddy are taking you to Spain to live which is still in the EU

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By (user no longer on site)
over a year ago

"Maybe this is how brexit is going to reduce immigration. By making the country economically unattractive to would be immigrants. "

From the people I know, it may just be working. Success!

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By (user no longer on site)
over a year ago

"We may even begin to grow our own food again, if the farming community can find any scraps of land they haven't sold off to housing developers.

Growing it isn't the problem.

Picking it without cheap EU labour on the other hand...

There were a group of farmers on Countryfile stating that the depopulation of Romania/Bulgaria had caused farm prices to fall so low that they were considering moving their production over there...

Wish them luck with that one

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By (user no longer on site)
over a year ago

It'll all go back to normal after a week or so, no major drama. If not, I shall purchase my marmite elsewhere.

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By (user no longer on site)
over a year ago

"Maybe this is how brexit is going to reduce immigration. By making the country economically unattractive to would be immigrants.

like a cunning plan..?"

Exactly. I mean, they didn't say 'how' they were going to do it did they!

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By (user no longer on site)
over a year ago

Bread and water

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By (user no longer on site)
over a year ago

I dont like marmite, rather chew on a brick

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By *entaur_UKMan
over a year ago

Cannock

"I dont like marmite, rather chew on a brick

I can't stand Marmite either, and I have every sympathy for those poor chavs who can't get their daily pot noodle fix while they watch Jeremy Kyle.

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By (user no longer on site)
over a year ago

Wonder if there will Be a Lynx shortage?

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By *entaur_UKMan
over a year ago

Cannock

"Wonder if there will Be a Lynx shortage?

Here's hoping, jeez Unilever do make some shite products.

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By (user no longer on site)
over a year ago

"Maybe this is how brexit is going to reduce immigration. By making the country economically unattractive to would be immigrants. "

If they all go home I'll be living in a ghost town.

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By (user no longer on site)
over a year ago

most, if not all of the goods unilever make are actually made in the UK..

that's why Tesco wont pay the 10% increase....

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By *abioMan
over a year ago

Newcastle and Gateshead

most, if not all of the goods unilever make are actually made in the UK..

that's why Tesco wont pay the 10% increase...."

and as i said the CEO of tesco is the former CEO of unilever... so its not like they don't know... or wouldn't have any insight into his former business and how they operate....

at the moment tesco's are the one winning the PR battle

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By (user no longer on site)
over a year ago

So, price increases because of the weak pound these manufactures tell us, will be interesting to see how they will lower their prices once the pound bounces back in a while

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By *eekendsCouple
over a year ago

Darlington

but cant you work it out the raw materials come from out of the uk so the cans and packaging and other things all come into play the only way is up for prices and down for wages

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By *erbyDalesCplCouple
over a year ago

Derbyshire

Panic over, Unilever have relented!

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By *entaur_UKMan
over a year ago

Cannock

"Panic over, Unilever have relented!

What was all the fuss about?

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By *erbyDalesCplCouple
over a year ago

Derbyshire

"Panic over, Unilever have relented!

What was all the fuss about?

The price of Pot Noodles, mainly

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By *riskynriskyCouple
over a year ago

Essex.

"The pound has been down before and it will go up then it will come down then it will go then it will go down etc

Yes, but it's tanked since Brexit

Well done all.

Oh and before you say "It's good news for UK manufacturing" we don;t make jack any more. And the cost of your holiday just went up by 15-20%

So well done all.

I see Project Fear is still trying to cling on by it's finger nails...

its the reality of the here and now, attempting to ignore it or label it as poor losers/ bremoaners etc is a bit silly given when there is good mews post the referendum it's shouted loudly by some..

it will be a rocky road (is that a biscuit)

before we see the long term effects and whether the decision was in our's and our kid's etc best interests.."

I agree with your last statement, however as soon as there is a bit of bad news the remain voters are shouting about it.

Shares are at an almost record highigh. Mervyn King ex head of the Bank of England has said that Brexit has done in a matter of weeks what the BoE have been trying to do for years...

Everyone should now be concentrating on getting the best deal and improving the country's position...

I voted in my children's best interests.

People said that pro exit voters are inward looking. I would say we are outward looking, we want to trade with the whole world not who we are told to by the EU...

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By (user no longer on site) OP
over a year ago

"The pound has been down before and it will go up then it will come down then it will go then it will go down etc

Yes, but it's tanked since Brexit

Well done all.

Oh and before you say "It's good news for UK manufacturing" we don;t make jack any more. And the cost of your holiday just went up by 15-20%

So well done all.

I see Project Fear is still trying to cling on by it's finger nails...

"
Why is it project fear? When the truth is that since brexit most of the pound have fallen.

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By (user no longer on site) OP
over a year ago

"Panic over, Unilever have relented!

What was all the fuss about?

The price of Pot Noodles, mainly

"
Yes, that was quick and good its back to normal and we can have tea again as pj tips is back on the shelf

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By *inky-MinxWoman
over a year ago

Grantham

Something to contemplate beside this is what is actually considered as food?

Most of the stuff in the shops is manufactured crap sold as 'food'.

Actual fresh, healthy food has a price and we may have to pay the real price for it now.

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By *erbyDalesCplCouple
over a year ago

Derbyshire

"Something to contemplate beside this is what is actually considered as food?

Most of the stuff in the shops is manufactured crap sold as 'food'.

Actual fresh, healthy food has a price and we may have to pay the real price for it now."

True, and farmers may have to pay the true cost of employing their labourers. (or do the hard work themselves)

Finding someone else to undercut last year's pickers was always going to end eventually

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By (user no longer on site)
over a year ago

"The pound has been down before and it will go up then it will come down then it will go then it will go down etc

Yes, but it's tanked since Brexit

Well done all.

Oh and before you say "It's good news for UK manufacturing" we don;t make jack any more. And the cost of your holiday just went up by 15-20%

So well done all.

That's the problem, I'm manufacturing and we're picking up, especially from Europe.

We cannot run the trade deficit we have and have to get this sorted and fast, a country of 60 million can't sell each other houses and pointless services and deserve to stay solvent.

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By *riskynriskyCouple
over a year ago

Essex.

"The pound has been down before and it will go up then it will come down then it will go then it will go down etc

Yes, but it's tanked since Brexit

Well done all.

Oh and before you say "It's good news for UK manufacturing" we don;t make jack any more. And the cost of your holiday just went up by 15-20%

So well done all.

I see Project Fear is still trying to cling on by it's finger nails...

Why is it project fear? When the truth is that since brexit most of the pound have fallen."

The £ has fallen, I am not denying that, however shares are up, we actually manifacture loads and export a lot of what we make but apparently we manifacture jack...

Companies still want to invest in the UK, financial businesses like the UK due to less invasive tax laws etc. There is a lot to be positive about.

The EU is in trouble and will cost the leading economies more money to support the failing economies, it will eventually fail as it was built on lies and a faulty ideal...

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By (user no longer on site)
over a year ago

There are a number of reasons why the ftse is up and Brexit is the main one. There is nothing unsound with the companies per se, we haven't left the EU yet. The reasons the index are going up is because the hedge funds etc are run in dollars and suddenly they can get 15% more for their money. The economic uncertainty in the world in general has led to investors seeking safety for money. Traditionally you could buy bonds etc but due to the low central bank interest rate it isn't worth it any more so large companies paying dividends are seen as a better option. The ftse is artificially propped up by the low pound value

The flash crash of the pound the other week shows where we are headed. Realistically we are looking at dollar/pound parity in the medium run. This will cause all kinds of havoc in a country like ours which has a large trade deficit. We simply don't export enough and import too much for a low pound to be a good thing. If the city looses is passporting rights then that trade deficit is going to get even worse.

Likely the government will need to negotiate access to the single market along the lines of what Norway has which still means paying a large amount of money in to the EU yet not having a say in anything.

We'll see if Sunderland still thinks it was a good idea in ten years time. I suspect the car manufacturing will have closed by then govern how the government is handling the negotiations

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By (user no longer on site)
over a year ago

"Something to contemplate beside this is what is actually considered as food?

Most of the stuff in the shops is manufactured crap sold as 'food'.

Actual fresh, healthy food has a price and we may have to pay the real price for it now.

True, and farmers may have to pay the true cost of employing their labourers. (or do the hard work themselves)

Finding someone else to undercut last year's pickers was always going to end eventually "

And when nobody will pay the "true cost" for their head of broccoli and their pint of milk, the farmers will go bust, people will be out of work, and food will have to be imported anyway...

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By *abioMan
over a year ago

Newcastle and Gateshead

"There are a number of reasons why the ftse is up and Brexit is the main one. There is nothing unsound with the companies per se, we haven't left the EU yet. The reasons the index are going up is because the hedge funds etc are run in dollars and suddenly they can get 15% more for their money. The economic uncertainty in the world in general has led to investors seeking safety for money. Traditionally you could buy bonds etc but due to the low central bank interest rate it isn't worth it any more so large companies paying dividends are seen as a better option. The ftse is artificially propped up by the low pound value

We'll see if Sunderland still thinks it was a good idea in ten years time. I suspect the car manufacturing will have closed by then govern how the government is handling the negotiations"

thank you for pointing out the thing with regards to hedge funds because I don't think people realise what is happening..... and the other interesting thing is when you look at the share and then do a uk to us conversion, you actually find the total value of the FTSE 100 companies have actually decreased by about 6% since basically the devaluation of the pound...

the Nissan factory in sunderland wont close because they one saving grace they have that for example the BMW factory in oxford doesn't is that 50-55% of the cars built at sunderland are actually sold in the UK... so it makes no sense to close it, but it also makes now sense to expand it, which is what they were talking about pre vote...

the BMW factory in oxford exports about 80% of the cars made there... I think they are now going to be in massive trouble....

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