On 19/05/2017 12:25, dennis@home wrote:
On 19/05/2017 11:18, Dave Plowman (News) wrote:

but that the EU won't be in the UK. They appear to be very optimistic.
Maybe that's the big difference, some people are over optimistic?

The whole basis of the leave campaign was the gamble we could have our
cake and eat it. Sensible people know gamblers always lose.


The brexitters have started to moan about the price increases they
caused. Now they want caps on energy, etc. to hide their problems until
people forget who caused it.

"The" Brexiteers?

The price increases you attribute to Brexit are part of a bigger
picture. The lower pound is helping rebalance the UK economy away from
the unsustainable London-banking centric model we had before and towards
a greater spread of wealth. It is helping bring in money to the country
as our exports became more competitive. And it is helping encourage
Brits and people abroad to spend here rather than overseas.

In other words, the lower pound may have let to price increases (though
Tesco is currently boasting it can offset them!) but they are forecast
to peak below 3% before turning down, and the low pound has also helped
to redistribute wealth through the country, and to boost the UK's
overall wealth. It is an ideal shock absorber for the effects of Brexit
turbulence.


--
James Harris