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Thread: Brexit makes us poorer

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    Brexit makes us poorer

    According to the Governor of the Bank of England as a result of the brexit vote every household in the UK is NOW £900 worse off as a result of the brexit vote than we would have been had we not been so ****ing stupid. I'd like to thank and congratulate every brexiter on their contribution to our personal financial situations and ask them to get on with paying us back for their cretinous stupidity.
    The crowd: "Yes! We are all individuals!"
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    Re: Brexit makes us poorer

    Growth Commission report sets out independent Scotland cash boost | The National

    Growth Commission report sets out independent Scotland cash boost
    No vote means whisky should be labelled as British, suggests May | The National

    No vote means whisky should be labelled as British, suggests May
    Haven't checked but I bet that isn't in the daily mail.

    https://twitter.com/stephenpaton134/...581825/video/1

    The scotch whisky industry spent a lot of time and effort ensuring whisky made in japan or india or the US can't be sold as scotch whisky. It's the same with scotch meat and fish a lot of time has been spent building up the brandscottish name as being of high quality.

    Scotch Whisky Association - Protecting Scotch Whisky worldwide

    The Legal Affairs Department (LAD) does not carry out brand protection - that is the responsibility of brand owners.

    LAD's responsibility is to stop any mis-representation that states or suggests a whisky is Scotch Whisky, or comes from Scotland, when that isn't the case.

    It also protects the industry from general forms of unfair competition to help ensure there is a level playing field between all brands sold as whisky, whatever the origin.

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    Senior Member Bruv's Avatar
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    Re: Brexit makes us poorer

    Yes but what about the 350 million a week from leaving ?
    It will make that and pay for the NHS funding............so no worries...........fingers crossed of course.
    I thought I knew more than this until I opened my mouth

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    Re: Brexit makes us poorer

    Actually, since the Brexit vote my pay has gone up by about £1,800 & business has never been so good.

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    Re: Brexit makes us poorer

    posted by fourpart
    Actually, since the Brexit vote my pay has gone up by about £1,800 & business has never been so good.
    I take it you are paid in euros?

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    Senior Member Bruv's Avatar
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    Re: Brexit makes us poorer

    Quote Originally Posted by gmc View Post
    posted by fourpart


    I take it you are paid in euros?
    Nope, changed jobs and/or got promotion ?
    I thought I knew more than this until I opened my mouth

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    Senior Member FourPart's Avatar
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    Re: Brexit makes us poorer

    Nope. Paid in Sterling, and have been in the same job for almost 2 years now.
    I admit I may not be typical. I consider myself extremely fortunate to be working for a company based on Socialist principles. They pay staff more than the Real Living Wage, as well as regular pay rises. Plus they increase your pay scale for each skillset you acquire, as you become more valuable to the company. I started on £17,200 & have since had 2 annual pay rises as well as 2 additional skillsets. Furthermore, they also come up with decent bonuses. Of course, I don't count the bonuses as part of my salary as they are just that. The current one works out at 2.5% of annual salary, and the Xmas one is 1 week's pay, although they occasionally surprise us with additional ones along the way.
    Utilita is an entirely UK based company. This means that we're going to be playing on a level playing ground for once. Since I started, shortly after the Referendum, the company is thriving, having almost tripled in size. Brexit has certainly not done any harm to this business.

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    Re: Brexit makes us poorer

    I trust Utilita will do as well outside the EU when that happens. Your pay rise means you are actually about £900 better off than before the vote - £900 has gone on brexit. Anyone with less than a £900 increase in pay since the vote is actually poorer. Does Utilita do better as people get poorer?

    I'd like to hear of any other pay rises. If everyone is like 4part then Brexit is a success in limited economic terms. But so far this is the only one I've heard of.
    The crowd: "Yes! We are all individuals!"
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    Re: Brexit makes us poorer

    You find a lot of people especially in the media it seems cannot grasp the concept of "real" wage growth or the real rate of return on savings.

  10. #10
    Senior Member FourPart's Avatar
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    Re: Brexit makes us poorer

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    You have to be very careful when using the term 'Real Wage'. The Tories make a point of using their intorduction of the Living Wage as being the 'Real' Living wage which, of course, it is. That is because the REAL Living Wage is only a guideline. It is not mandatory. The NATIONAL Living Wage is just their rebranding of the Minimum Wage, introduced by Labour (opposed by the Tories). Utilita pay above Real Living Wage.

    As for £900 having gone on Brexit. So far we are still in the EU. Nothing has changed as far as that is concerned. My salary has increased by £1800pa over the past 2 years. It's as simple as that. I am getting all of that £1800. I do not see anything on my Deductions that says anything about Brexit. Ture, my Tax Code has been lowered so I am paying more tax at the moment, but that was due to an issue with my previous employer screwing up their payroll resulting in my underpaying tax, and that is now being reclaimed.

    Brexit, in itself, is not the problem. It's the way the Tories are handling it. May is putting forward unrealistic demands which are never going to be acceded to, whereas Corbyn has put forward viable proposals that the EU Leaders believe would be a fair compromise. The whole negotiations are going to have to be a matter of Give & Take. May's version is "You give us everything or we'll give you nothing".

    The UK always thrived as an economy before the EU. There is no reason we cannot do so again. We are a net importer, meaning that we are more valuable to the EU than they are to us. If they impose tariffs, then we do the same. That means we would be better off as they would be paying more tariffs than we would. If you look at all the corporations who have decided to leave, supposedly because of Brexit, you will find that these are companies that pay little or no tax anyway, so are no major loss. There will always be other businesses who do pay their taxes eager to take their place.

    There is currently talk of another Snap Election in the Autumn and to be realistic that will be fought mainly on the Brexit issue rather than Party Poicy, but I think everyone will be fully aware of the mess May & her Cronies have been making of things thus far, plus I doubt they will be that enchanted at the way she has bribed the DUP in order to cling to power. It's likely to be a dirty campaign from the Tories but before you take them at their word, take their own advice & "Judge Them On Their Record".

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