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Consequences Of Brexit [Part 9] Read First Post Before Posting

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Guest sibon
41 minutes ago, Mr Bloke said:

Hmmm... :huh:


... and I always thought 'irony' was measured in feet per mouth. :confused:

It can also be measured in iambic pentameters.

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9 hours ago, Dardandec said:

Auto electrician, fully skilled on standard and high voltage electric vehicles. Did my high voltage training at Tesla. You?

Chartered electrical engineer. HV authorised person, DCS software specialist in petrochemical industry.

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15 hours ago, Dardandec said:

I was actually being sarcastic by the way. I work with electrical measuring "meters" at work, something you armchair experts probably wouldn't understand. Sorry for your wasted time on eBay searching for an "irony" one.

Everyone has an electrical measuring "meter" at home and beyond that multimeters are common enough that even Aldi sell them. Lots of "armchair experts" will understand perfectly well.

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There is a number of interesting, and predicted, consequences developing right in front of our eyes.

 

Lack of workforce - blocking labour from Eastern Europe (in particular) for tasks such as HGV driver, agricultural seasonal employees and low-skilled production tasks as well as retail and hospitality is creating enormous pressure on the existing workforce. 

 

It is pretty clear now that British workers tend to be well employed as they are not 'shifting' into the newly created vacancies fast enough. This has two marked effects:

 

1. Wage inflation is about to kick in, HGV drivers are already being paid upto 20% extra at places like Tesco and Aldi (two of the largest HGV employing organisations in the country). This will have a short term boost to lower incomes as a result, which is good and probably what Johnson labels as 'Levelling Up'. Question marks remain about the long term viability and the effect on the GBP. 

 

2. Productivity is throttled. With lower productivity the internal economy will shrink, resulting in an increase in (expensive and inconvenient) imports where non existed before. The trade deficit will likely grow over the coming years as a result, impacting on the GBP. 

 

Combined the blossoming of the economy post-Covid is boosting the value of the GBP against the Euro/Dollar, but will it stand up long term? If the government can find a way to keep GBP relatively high than that will have a positive effect for import but harm export. if it devalues (as I think it will) than everything in the country will become more expensive at pace, inflation will be difficult to control and although people will see increased income, costs will probably rise faster.  

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Wage inflation is across the board, not restricted to HGV drivers: from the produce itself (lack of staff picking fruits & veg, slaughtering & butchering cattle, etc > pay more to get the staff in), through to conditioning (lack of staff in food processing plants > pay more to get the staff in), warehousing (lack of staff for palletising, goods handling > pay more to get the staff in), and transporting (HGV drivers > pay more to get the staff in).
 

Not forgetting supermarket workers themselves  (there is a recent UK Court precedent under which retail employees cannot be paid less than warehousing staff)…

 

…and that is only the foodstuffs value/retail chain, robbing Peter (all other goods-based industries, which have their own value and supply chains, with corresponding staffing requirements…and staff expectations in terms of pay & benefits) to keep paying Paul (shareholders, of course).
 

It does not matter whether the GBP gets stronger or devalues. The UK is headed straight for inflation, as these costs compound across supply chains across most sectors, and are passed onto, and paid by, customers for feeding themselves.
 

Stagflation is a short- to medium-term risk, given the cumulative effects of brexoded manufacturers/exporters and FDI shortfall on productivity.

Edited by L00b

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Just now, West 77 said:

Wetherspoons don't seem to be having any problems with a supply of beer and they have more pubs than any other company.

is that your goto answer for everything brexit, Mr Brexit LOL

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10 minutes ago, West 77 said:

Wetherspoons don't seem to be having any problems with a supply of beer and they have more pubs than any other company.

Greggs, Costa and Wetherspoons hit with mounting UK supply chain woes:

https://uk.news.yahoo.com/wetherspoons-costa-greggs-kfc-mcdonalds-shortages-supply-chain-issues-100214716.html

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On 27/08/2021 at 08:41, crookesey said:

So if someone hurls insults and abuse at a poster who has opposing views to them I am wrong if your views concur with the former, nice one. 🤒

No, just getting fed up of the stale argument that 'so and so fought for our freedom of speech, so I can say what I want'. You can say what you want, nobody needs to fight over that. Also, painting the UK as a haven of freedom of speech as a result of a war where freedom of speech was heavily restricted by the UK government is a bit ironic. 

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I was listening to radio fours fact program. It stated that there were 19,000 fewer EU lorry drivers living in the UK, but 60% of the problem is down to fewer HGV tests/training being undertaken.

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2 hours ago, tzijlstra said:

No, just getting fed up of the stale argument that 'so and so fought for our freedom of speech, so I can say what I want'. You can say what you want, nobody needs to fight over that. Also, painting the UK as a haven of freedom of speech as a result of a war where freedom of speech was heavily restricted by the UK government is a bit ironic. 

If the latter is aimed at me please be kind enough to direct me to my ironic post, if not have a nice day.

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