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"don't worry, the folks in charge of this sorta thing have got it all covered .... it's clearly more economic to sail freight ships full of mutton and milk from new zealand for 40 days than it is to drive them for half an hour from wales ". Could be, who knows, probably not you though | |||
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"don't worry, the folks in charge of this sorta thing have got it all covered .... it's clearly more economic to sail freight ships full of mutton and milk from new zealand for 40 days than it is to drive them for half an hour from wales "Don't we already do daft things like that? I'm pretty sure I saw a news item a while back about us doing something like sending meat to Canada for butchering then sending it back. It probably wasn't Canada, but something equally daft. -Matt | |||
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"don't worry, the folks in charge of this sorta thing have got it all covered .... it's clearly more economic to sail freight ships full of mutton and milk from new zealand for 40 days than it is to drive them for half an hour from wales
Don't we already do daft things like that? I'm pretty sure I saw a news item a while back about us doing something like sending meat to Canada for butchering then sending it back. It probably wasn't Canada, but something equally daft.
-Matt"there's loads of stupid shit like this going on .... i'm unconvinced we need to increase the amount of this kind of stupid shit though ... but then stupid people will always buy into stupid shit | |||
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"don't worry, the folks in charge of this sorta thing have got it all covered .... it's clearly more economic to sail freight ships full of mutton and milk from new zealand for 40 days than it is to drive them for half an hour from wales
Don't we already do daft things like that? I'm pretty sure I saw a news item a while back about us doing something like sending meat to Canada for butchering then sending it back. It probably wasn't Canada, but something equally daft.
-Matt"We send steel coil to Germany to be coated, and then it is returned to us through Boston docks. Many years ago, proposals were put forward to build a coating plant in Lincolnshire but it got rejected for some reason. | |||
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"They are going to be 10% more expensive due to the drop in the pound already. Davis just admitted today we will be stuck with 10% tariffs on cars and on a lot of agricultural products we buy and sell to the EU the tariffs will be 40%. " Just for you, here is the average amount of euros your pound could have bought over the last decade. In April 2015 the IMF, the OECD, the BeE and very many others said that the pound was 'up to 20% overvalued' and was damaging our economy. 31 Dec 2008 1.259467 31 Dec 2009 1.12246 31 Dec 2010 1.165737 31 Dec 2011 1.15258 31 Dec 2012 1.233263 31 Dec 2013 1.177964 31 Dec 2014 1.240494 31 Dec 2015 1.377982 31 Dec 2016 1.224833 10 Mar 2017 1.165218 The average over the last decade has been about €1.21 to the pound. | |||
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"They are going to be 10% more expensive due to the drop in the pound already. Davis just admitted today we will be stuck with 10% tariffs on cars and on a lot of agricultural products we buy and sell to the EU the tariffs will be 40%. Just for you, here is the average amount of euros your pound could have bought over the last decade. In April 2015 the IMF, the OECD, the BeE and very many others said that the pound was 'up to 20% overvalued' and was damaging our economy. 31 Dec 2008 1.259467 31 Dec 2009 1.12246 31 Dec 2010 1.165737 31 Dec 2011 1.15258 31 Dec 2012 1.233263 31 Dec 2013 1.177964 31 Dec 2014 1.240494 31 Dec 2015 1.377982 31 Dec 2016 1.224833 10 Mar 2017 1.165218 The average over the last decade has been about €1.21 to the pound." averages are never true figures though. If say your buying a product costing a €1m and the rate is 1.42€ and by the time of completion it drops to 1.12€ that's a lot of additional cost to bear. Also the rates you quote are "interbank" for us mere mortals you can knock off at least another 2-3% . | |||
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"They are going to be 10% more expensive due to the drop in the pound already. Davis just admitted today we will be stuck with 10% tariffs on cars and on a lot of agricultural products we buy and sell to the EU the tariffs will be 40%. Just for you, here is the average amount of euros your pound could have bought over the last decade. In April 2015 the IMF, the OECD, the BeE and very many others said that the pound was 'up to 20% overvalued' and was damaging our economy. 31 Dec 2008 1.259467 31 Dec 2009 1.12246 31 Dec 2010 1.165737 31 Dec 2011 1.15258 31 Dec 2012 1.233263 31 Dec 2013 1.177964 31 Dec 2014 1.240494 31 Dec 2015 1.377982 31 Dec 2016 1.224833 10 Mar 2017 1.165218 The average over the last decade has been about €1.21 to the pound. averages are never true figures though. If say your buying a product costing a €1m and the rate is 1.42€ and by the time of completion it drops to 1.12€ that's a lot of additional cost to bear. Also the rates you quote are "interbank" for us mere mortals you can knock off at least another 2-3% ." It also goes the other way as well.... In Jan 2015 I went to Spain for 3 months, got about 1.2 to the pound. By April it had hit about 1.4. What it shows though is that the average exchange rate over the last decade has, by and large, remained fairly stable. Also note that when the value increased in 2015 businesses didn't decrease their prices, they just increased their profits. Now its gone the other way to what it was a couple of years ago, they're using it as an excuse to increase their prices. The only time it increased extensively was after the referendum was announced.... Of course, if you're spending a large amount of money you generally fix the rate at which you buy at, or buy forward ... You can also insure yourself against currency fluctuations up or down ..... Certainly, in businesses that I have worked in or with that is what we have done. You'd be fucking stupid and irresponsible to try to play the market like that unless you absolutely knew what you were doing, had insider knowledge, or so much money that it means nothing to you anyway. | |||
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"don't worry, the folks in charge of this sorta thing have got it all covered .... it's clearly more economic to sail freight ships full of mutton and milk from new zealand for 40 days than it is to drive them for half an hour from wales
Don't we already do daft things like that? I'm pretty sure I saw a news item a while back about us doing something like sending meat to Canada for butchering then sending it back. It probably wasn't Canada, but something equally daft.
-Matt". You only need to look at the horse meat scandal to see how much stuff is moved around for packing, processing, growing. Romania to Ireland back to Romania on to France and then to the UK and then into your freezer!. We don't self sustain on agriculture so by logic high tariffs to imports would actually produce a market for us domestically?, the outcome of trade is to drive down prices, however often this in reality is just a case of driving down quality at the same time | |||
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"They are going to be 10% more expensive due to the drop in the pound already. Davis just admitted today we will be stuck with 10% tariffs on cars and on a lot of agricultural products we buy and sell to the EU the tariffs will be 40%. Just for you, here is the average amount of euros your pound could have bought over the last decade. In April 2015 the IMF, the OECD, the BeE and very many others said that the pound was 'up to 20% overvalued' and was damaging our economy. 31 Dec 2008 1.259467 31 Dec 2009 1.12246 31 Dec 2010 1.165737 31 Dec 2011 1.15258 31 Dec 2012 1.233263 31 Dec 2013 1.177964 31 Dec 2014 1.240494 31 Dec 2015 1.377982 31 Dec 2016 1.224833 10 Mar 2017 1.165218 The average over the last decade has been about €1.21 to the pound. averages are never true figures though. If say your buying a product costing a €1m and the rate is 1.42€ and by the time of completion it drops to 1.12€ that's a lot of additional cost to bear. Also the rates you quote are "interbank" for us mere mortals you can knock off at least another 2-3% . It also goes the other way as well.... In Jan 2015 I went to Spain for 3 months, got about 1.2 to the pound. By April it had hit about 1.4. What it shows though is that the average exchange rate over the last decade has, by and large, remained fairly stable. Also note that when the value increased in 2015 businesses didn't decrease their prices, they just increased their profits. Now its gone the other way to what it was a couple of years ago, they're using it as an excuse to increase their prices. The only time it increased extensively was after the referendum was announced.... Of course, if you're spending a large amount of money you generally fix the rate at which you buy at, or buy forward ... You can also insure yourself against currency fluctuations up or down ..... Certainly, in businesses that I have worked in or with that is what we have done. You'd be fucking stupid and irresponsible to try to play the market like that unless you absolutely knew what you were doing, had insider knowledge, or so much money that it means nothing to you anyway." Maybe if you yourself ran a business based mainly on imports you would know different.....food inflation is already being hidden from the public in government circles, the last excuse being that new car prices and shoe prices had dropped and nullified food inflation, but the government won't be able to hide the truth for long....food price rises are becoming more apparent by the week. | |||
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"They are going to be 10% more expensive due to the drop in the pound already. Davis just admitted today we will be stuck with 10% tariffs on cars and on a lot of agricultural products we buy and sell to the EU the tariffs will be 40%. Just for you, here is the average amount of euros your pound could have bought over the last decade. In April 2015 the IMF, the OECD, the BeE and very many others said that the pound was 'up to 20% overvalued' and was damaging our economy. 31 Dec 2008 1.259467 31 Dec 2009 1.12246 31 Dec 2010 1.165737 31 Dec 2011 1.15258 31 Dec 2012 1.233263 31 Dec 2013 1.177964 31 Dec 2014 1.240494 31 Dec 2015 1.377982 31 Dec 2016 1.224833 10 Mar 2017 1.165218 The average over the last decade has been about €1.21 to the pound. averages are never true figures though. If say your buying a product costing a €1m and the rate is 1.42€ and by the time of completion it drops to 1.12€ that's a lot of additional cost to bear. Also the rates you quote are "interbank" for us mere mortals you can knock off at least another 2-3% . It also goes the other way as well.... In Jan 2015 I went to Spain for 3 months, got about 1.2 to the pound. By April it had hit about 1.4. What it shows though is that the average exchange rate over the last decade has, by and large, remained fairly stable. Also note that when the value increased in 2015 businesses didn't decrease their prices, they just increased their profits. Now its gone the other way to what it was a couple of years ago, they're using it as an excuse to increase their prices. The only time it increased extensively was after the referendum was announced.... Of course, if you're spending a large amount of money you generally fix the rate at which you buy at, or buy forward ... You can also insure yourself against currency fluctuations up or down ..... Certainly, in businesses that I have worked in or with that is what we have done. You'd be fucking stupid and irresponsible to try to play the market like that unless you absolutely knew what you were doing, had insider knowledge, or so much money that it means nothing to you anyway. Maybe if you yourself ran a business based mainly on imports you would know different.....food inflation is already being hidden from the public in government circles, the last excuse being that new car prices and shoe prices had dropped and nullified food inflation, but the government won't be able to hide the truth for long....food price rises are becoming more apparent by the week." Sorry, but I seem to remember you saying on another thread a couple of months ago that import exchange rates are fixed months, and sometimes years, in advance? And if you read what I said properly you'll see that I do actually deal with, for, and on behalf of companies that import both raw materials and finished goods. The biggest risk to mist businesses (particularly labor intensive such as food manufacturing) with regard to price increases is not exchange rate fluctuation, but the introduction of the national living wage. | |||
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