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>This is why all the talk of the economy "booming" (here I quote The Daily Express's headline from, I think, this morning) infuriates me. All the talk of a cat
by crdoconnor 10y ago
>This is why all the talk of the economy "booming" (here I quote The Daily Express's headline from, I think, this morning) infuriates me.
All the talk of a cataclysmic economic disaster and paternalistic sarcasm about not listening to economic "experts" (those same people blindsided by every crisis) before the vote was just as infuriating. Especially since a lot of it was in response to a panic over the potential of rising wages.
Plus, those people don't seem to realize that there's basically a two tier economy in the UK. The macbook buying, riviera-holidaying, large-retirment portfolio economy in the South and then the North of the M25 economy where people have jobs and make things for export and vacation in the UK.
The former has been booming for years and is suddenly infuriated. The latter has been in recession and ignored for years and will likely be seeing the majority of the upside from Brexit.
- walshemj 10y agoNot when the cost of food, petrol, and heating goes up they wont.
- crdoconnor 10y agoWages and employment going up will cushion that blow, as will (to a certain extent), import substitution. There are no local sources for Macbook Pros that you can shift your consumption towards but there are local sources of groceries, and a more competitive export sector will mean more jobs and higher paid jobs.
- walshemj 10y agoLol you know wages have been flat since 2008
- crdoconnor 10y agoWe've had a huge trade deficit too. Things are gonna change.
- bartread 10y agoAgain, it's not quite that simple though, is it? If you're working class, or even "lower middle class" (man, but I hate this kind of terminology) and live in the south, especially if you weren't lucky enough to be the right age in the 90s to buy a house, then it's pretty damn hard to make ends meet. Even more annoying, whilst I grew up working class, I'd now consider myself middle class and in a decent earning position, and yet I still cannot afford to move back to Dorset where I grew up.