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"(~20% cut to GBPUSD, 1% inflation...)" IMO we are about to hit much more than 1% inflation with the devaluation of our currency. Think how much petrol has go
by doc_holliday 10y ago
"(~20% cut to GBPUSD, 1% inflation...)"
IMO we are about to hit much more than 1% inflation with the devaluation of our currency.
Think how much petrol has gone up, food is about to go up, imports are going up etc.
We will have much more than 1% inflation annually next year I think, and I don't think wages will keep up. That is if things go ahead as they currently are.
On the flipside this makes Devs in the UK much cheaper, and if we have the combination of inflation and stagnant wages then the housing market will collapse, which will eventually make UK more competitive.
- usgroup 10y agoWhat do you think will happen RE Q1 and Q2 over the next few years? Net increase DEMAND for DEV? What about SUPPLY of dev?
- NetStrikeForce 10y agoI think demand will be less affected in the short term as EU nationals might be starting consider offers outside the UK (uncertainty + low GBPEUR). My anecdotal data has a count of 2 people having accepted offers to leave between the Brexit vote and now, both citing Brexit as a reason. Partly from the feeling rejected side, partly from the pragmatic point of view.