Err, yes Polly

There is only one way out of this. The British people may decide the cost is too high. Before anything has happened yet, they can see how the prospect of hard Brexit is already causing serious damage. The pound plunging by 17% is a national disaster, predicted to fall further: only those who supported Brexit whistle in the dark, pretending it’s good news. It will help a few manufacturers and Bond Street retailers of luxury goods, but our precarious over-dependence on imports means steep price rises ahead in petrol and food are rather more important than cheaper Burberry handbags.

The old dear never really has grasped economics, has she?

The falling pound is the solution to all those things. Imports will become more expensive, meaning that we shall buy less of them. This will switch demand to domestic production. That’s just how exchange rates work.

Sigh.

39 thoughts on “Err, yes Polly”

  1. The British people–whom she actively despises–aren’t listening to her shite and it is the Remainiacs that are losing support rapidly.

    More Euro hijinx to come will see more bad news for her gang.

  2. “It will help a few manufacturers”

    Erm… aren’t you lefties always going on about manufacturing? The joys of factory work?

    “luxury goods”

    Oh, right, but tractor production instead would be fine, eh comrade?

    “our precarious over-dependence on imports”

    You’ve given a reason to have a weaker pound, so we move to more domestic production.

    “steep price rises ahead in petrol”

    Nearly all the cost of petrol is tax, leftie. That thing you lefties love. But I’m quite happy for you to go without your unearned slice of the pie if it brings the price down.

  3. “The pound plunging by 17% is a national disaster, ”

    That’s odd. I’m sure I can distinctly remember the bureau de change down the road offering Brits slightly less than a euro for their pound. That’s more than 10% lower than where we are today. Of course, that was during the Brown Terror – who was a national disaster – but I can’t say i noticed Pollytwat claiming so at the time. Wasn’t he her heroic Viking who shat rainbows & could do no wrong?

  4. Cutting tax on petrol and making VAT 5% or removing it would be a master stroke for the Conservatives. The left would cry about having less money to spend, but who would care?

    I have a bad feeling though that people like the governor of the bank of England, or currency speculators like George Soros, would be quite happy to see things looking bad for the economy in the run up to Brexit. It would serve their agenda quite well.

    Mark Carney needs to be got rid of asap

  5. @BiS
    >That’s odd. I’m sure I can distinctly remember the bureau de change down the road offering Brits slightly less than a euro for their pound.

    It’s there now. I got €0.97 for £1 on Sunday at Gatwick. I know there are better places to exchange, but I needed €30 for a taxi when I got here.

    I think it’s a short term thing and in the long run we’ll be back to €1.50 – €2.00 = £1.00 (based on mindless optimism, rather than reasoned analysis).

  6. Couple of questions.

    Aren’t oil prices supposed to be at a low at the moment, to the point where it looks like even Saudi Arabia is going broke?

    Food – just drop trade barriers to your former Dominions and you’ll be amazed at how much cheaper it is when you’re not blocking out Australia in favour of EU farmers.

  7. The pound was USD 2.37 when we joined the EEC – can we blame the EU on that decline, or was it -like the post EU drop – due to bad British politicians.

  8. Mal Reynolds (Serenity)

    That they keep talking about higher food prices continually strikes me as really odd. We can now import, without tariffs, food grown in places where it is grown much MUCH cheaper than in Europe, a place where it has to be subsidised AND protected via tariffs to be able to compete at all. In what possible world would this lead to higher food prices?!

  9. “It will help a few manufacturers and Bond Street retailers of luxury goods”

    What the fuck? It’s going to make little difference to Bond Street retailers. But if you’re say, Mulberry, it now means that your handbags are cheaper around the world. That’s good for the people down in rural Somerset making them.

    “imports means steep price rises ahead in petrol and food are rather more important than cheaper Burberry handbags.”

    Hang on, isn’t that a good thing? Don’t these people want petrol to be more expensive so we all get on bikes, buses and car share so that we don’t choke Gaia? Aren’t we eating too much food right now?

    Then again, it’s probably having a bitching effect on flights to Pisa.

  10. To the Toynbees of this world, all news:

    Pound up
    Pound down
    Imports more expensive
    Imports cheaper
    Cheaper petrol bad cos we use it
    Expensive petrol bad because we can’t use it so much

    It doesn’t matter

    Never a thought to the long-term or the real reasons. No idea of the real effects. No matter she/they are talking through their rear orifice…

    There is a scummy government in power and thus all news must be bad news.

    BiW is probably right. The flights to posh land (which I like too) in the centre of Italy are probably going up.

    Of course, this has a GOOD effect in that the scum might stop travelling there.

  11. Lefties have the memory of a goldfish and half the intelligence. For years they’ve been complaining ‘we don’t make anything’ then bleat how we must stay in the EU otherwise we won’t be able to sell them all the things we don’t make and we’ll all die.

  12. @Widdershins

    Yes, I do love the leftie claim of “we’re just a small island that doesn’t make anything anymore”. Once had to stick my headphones in and bite my tongue on the train when a Remainiac idiot behind me said that.

    “We’re just a small island”

    The UK isn’t an island; Great Britain is a bloody huge island, one of the biggest in the world. Whichever way you cut it, they’re wrong.

    “that doesn’t make anything”

    The UK’s in the top 10% of countries, maybe even 5%, for manufacturing output. Very odd for a place that makes nuffin’.

  13. The UK doesn’t make anything any more is a complaint of people who wouldn’t have a clue what a CNC milling machine looked like, not what it can do. Their hands will have have had a drop of oil on them, unless the oil light had come on in their car and they’d been forced to stop at a garage and buy a can to top it up.

  14. Bilbaoboy:”Of course, this has a GOOD effect in that the scum might stop travelling there.”

    I want her to go –and be horribly murdered by a gang of dear imported “children”

    Nasty place that Umbria.

  15. Tim,

    It’s obviously a national disaster as the substitution of domestic production for imports doesn’t apply to Tuscan villas.

    Bilbaoboy,

    If I lived in Tuscany I’m sure I’d regard Poly travelling less as a good thing, otherwise not so much.

  16. Cynic,

    “Great Britain is a bloody huge island.”

    According to the absolutely 100% ever-reliable Wikipedia, the 9th largest in the world in fact. All from the same source, Britain’s second-largest island is Lewis and Harris at approximately 2,100km sq (Wiki gives, ahem, two different figures), which makes it larger than the nation states of Mauritius (2,030km sq), Bahrain (765km sq), Singapore (719km sq), Seychelles (455km sq) and Barbados (431km sq) – and they’re just a few of the island states I could be bothered listing. As an independent state Lewis and Harris would rank 169 on a list of 196 states by area. Not bad for an even smaller island off a ‘small’ island.

  17. Jim – Yes. It’s also a complaint of those who think that making things involves burly Yorkshiremen called Stanley hitting bits of metal with hammers before opening up their snap tin to eat bread and lard. Because employment in industry has declined, they reason, we can’t be making anything.

  18. http://www.bbc.co.uk/news/education-37718851

    Off topic but ferfucksake. I heard this droning woman being interviewed on radio 5 this morning…..Her story…

    Girl goes out. Gets pissed. is ‘dropped off’ by friends a few blocks from home. Never makes it. Is ‘in a state’. Meets bloke who takes her home and has sex with her.

    LATER THAT EVENING WHEN HAVING DINNER WITH A FRIEND AND RECOUNTING THE TALE, HER FRIEND EXPLAINS WHAT THIS MEANS – THAT SHE HAS BEEN RAPED.

    I mean WTF????

    Oh course it was a typical BBC interview consisting of “oh dear, how sad, how terrible, why didn’t the police, university, army, God do more?”

    Oh, BTW, she didn’t want to press charges, only went to the police so she could ‘give a description’ to the police. SHE WOKE UP IN HIS ROOM! She could have given them his address and they could have, you know, heard his side of the story.

    I know it’s off topic but fuck me this makes me angry…..

  19. As for ‘sex with regrets’ (part of the story) that’s the only bit that rings true. I wouldn’t be proud the next day either.

  20. @ Andrew C:

    She must have been doing the rounds of the studios because I heard her (law lecturer at Oxford with an Australian accent) on R4 Today prog this morning.

    The copper who told her that her story sounded like “regret sex” was subsequently reprimanded and his superiors apologised to her.

    She was reading for a DPhil at Oxford at the time and wants the University to make the campus (Oxford doesn’t have one) a safe space.

    A safe space is apparently somewhere paralytically drunk (by her own admission) girls are protected from their own stupidity and waywardness.

  21. “”In our post-Brexit society, we have become only too aware of the steep rise in hate crime. No student should have to face this on their campus.””

    God this makes me angry. People spouting these sorts of lies have the nerve to bleat about “post-truth” politics.

  22. TBF remoaner macro-economists, think Simon Twat-Lewis or Tony Yates, seem to get their views from the great Polly.

  23. “She says she had been in no fit state to give consent”

    The problem is that women have no idea about the effect of alcohol on their sexuality. They’re normally more restrained, but get some vodka down them, and they’ll shag some bloke they fancy rather than waiting for a few dates to suss them out.

  24. Says a lot about the ‘friends’ who let her wander off line that, either they didn’t think she was in that bad a state (in which case how can they blame the other person involved) or they were cruel heartless people who left their defenceless vulnerable friend in a dangerous situation

  25. Bloke in North Dorset

    “The old dear never really has grasped economics, has she?”
    There are none so blind as those who will not see.

    People like her have no interest in picking up a simple primers like The Undercover Economist, let alone anything more difficult. They have no curiosity beyond their own blinkered biases because they are scared about what they might learn.

  26. @tw “The falling pound is the solution to all those things. Imports will become more expensive, meaning that we shall buy less of them. This will switch demand to domestic production.”

    oh dear, Tim, think before writing, please.

    falling pound is us worse off, end of.

    However, long term value of the pound will reflect fundamental success at exporting, and brexit won’t much change how high up the world’s economic food chain (somewhere near the top) we sit, so pound will return to its ‘correct’ level.

    It is GOOD when our exports are expensive (though bad for our exporters), that means we are RICHER than the people we sell to.

    It is BAD when our exports are cheap (though good for exporters), that means they are RICHER than us.

    To give an example, would you rather be a Swede trying to sell Volvos to the world expensively or a Bangladeshi selling t-shirts to the world cheaply?

    Our position somewhere near the top of the world’s economic food chain (sitting pretty with the French, Dutch, Germans etc) is fairly safe in or out of the EU, though TBH , we’d likely be a few quid better off in.

    All depends on whether we want to be part of the Grand Political Project to Unite the West. We were asked, seems we dont.

    All of this can be cast to the wind when exchange rates get out of whack with ‘fundamentals’, but that’s another story.

  27. So Much For Subtlety

    It seems like just only yesterday that the Left was telling us we needed to “re-balance” the British economy away from the City and Finance, back towards manufacturing and the North.

    Well, an end to passporting, and a lower pound ….. isn’t this just what they wanted?

  28. So Much For Subtlety

    Andrew C – “As for ‘sex with regrets’ (part of the story) that’s the only bit that rings true. I wouldn’t be proud the next day either.”

    Actually it does look pretty rape-y as opposed to regret sex. As the facts stand in her telling of the story. She was too drunk to find her way home. Cold and disoriented. She got f*cked. She was drunk enough to have no clear memory.

    The problem for the police is that it is a classic he-said, she-said story. We have not heard his side yet but as long as he doesn’t admit he liked picking up girls too drunk to resist, he would never get convicted. All he has to say is that she was up for it, she enjoyed it, she enthusiastically took part, and he is devastated that she now says otherwise – all of which a good lawyer, well a competent lawyer, will tell him to say. What is a jury to say? Ruin a man’s life because of a drunken idiot?

    Women should not drink. In fact they probably should not be allowed out of the home. The best protection a woman can have from sexual assault is to be married. She should have been sober, dry and at home, cooking her husband’s dinner.

  29. J Bonk–Utter shite.

    Grand Plan to unite the west ? Under CM or Islam? Your choice fool.

    Your theories about economics are also cockrot. Despite smug pronouncements about the comfortable club at the top, there is a little matter of mass international bankruptcy looming.

    And that aside someone selling cheap to mass of people has far more upside than expensive item sellers. Otherwise Neiman-Marcus would be the biggest company in the world.

    Stick to bonking.

  30. Dear Mr Ecks, gosh, as one who has stood in defense of your passionate ranting, I never expected to be on the wrong end of it.

    Go re-read, i offer no opinions in my post, merely pointing out that our esteemed host has been careless. Hard currency = wealthy nation, weak currency = poor nation. ( go ask the Bangladeshis and the Swedes ).

    Also, I must misunderstand your post, because you seem to be disagreeing with my assertion that the EU is a ‘grand political project to unite the West’.(its avowedly more than a customs union, you know)

    “Grand Plan to unite the west ? Under CM or Islam? ” – its CM all the way, numbers don’t stack for the muzzies.

    Stick to savaging greenies and lefties, i’m neither.

  31. JB :Why are you defending the EU–a gang of CM pricks –intent on snuffing out the light of Western Civiliization.

    If you were overdoing the irony then I take my remarks back and apologise because I thought you were serious.

    But if you really believe the EU is some sort of benefit to anyone other than its boss class I am at a loss to understand why you have ever defended my views anyway. You could travel the world and fail to find many more evil and corrupt showers than the EU.

  32. Bloke in North Dorset

    “We have not heard his side yet but as long as he doesn’t admit he liked picking up girls too drunk to resist, he would never get convicted. All he has to say is that she was up for it, she enjoyed it, she enthusiastically took part, and he is devastated that she now says otherwise – all of which a good lawyer, well a competent lawyer, will tell him to say. ”

    Isn’t that illegal?

  33. SMFS,

    “Actually it does look pretty rape-y as opposed to regret sex. As the facts stand in her telling of the story. She was too drunk to find her way home. Cold and disoriented. She got f*cked. She was drunk enough to have no clear memory.”

    Yes, but this is next day perception.

    The whole panic about drink spiking a decade ago was brought to an abrupt end by someone doing research and finding that the only thing the women had been spiked with was the alcohol they’d bought.

    So, why did women assume they’d been roofied by a guy? Because they went with an unsuitable man. Someone that their sober brain would filter out as shagging material for various sensible reasons. But their drunk brain didn’t. Their drunk brain just thought he’d be a good shag.

  34. A government with a sensible strategy could manage the situation to our best advantage. I don’t think there’s much chance of us getting such a government though, sadly.

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