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But this was a central planned choice. Brexit pulled the rug out from under the market and was a centralised choice not a market reaction. Also I'm unaware of

by Guthur 5y ago

But this was a central planned choice. Brexit pulled the rug out from under the market and was a centralised choice not a market reaction. Also I'm unaware of whether or not the UK government, one of largest and oldest bureaucracies in the world actually anticipate this and provided the advice necessary.

nradov 5y ago
The Brexit referendum was 5 years ago. The market has had plenty of time to react. If some companies now have skilled labor shortages then that's entirely due to management incompetence. They could have hired more employees years ago and trained them to be lorry drivers.
- tomlong 5y ago
  This is way off the mark. It was never obvious what sort of deal would be done between Europe & the UK govt. from the point of the referendum until quite on late on there was discussion of varying degrees of access to the common market and freedom of movement. Everything was up in the air politically and diplomatically until the last minute for 4 years and then there was a pandemic (no lorry driver training or testing for over a year) It’s not contentious that the problem is largely of the UKs own making but management incompetence at a company level is probably not to blame in most cases.
- ljm 5y ago
  The referendum was in 2016 but the thing that happened in 2020 was not the culmination of 4 years of sound planning and forewarning. It was Leeroy Jenkins applied to geopolitics. That is to say, the market is reacting now. To the market's credit, it hedged a few years hoping the UK wouldn't shit the bed, giving us some relative stability post-referendum. Until the UK started filling its pants and blaming everyone else for the stink.
ClumsyPilot 5y ago
Brexit was 'happening' for 5 years, I don't feel we need to make up excuses to maintain the slogan 'market can do no wrong' Especially since creation EU is a 'centralised choice' to begin with

by Guthur 5y ago

nradov 5y ago

The Brexit referendum was 5 years ago. The market has had plenty of time to react. If some companies now have skilled labor shortages then that's entirely due to management incompetence. They could have hired more employees years ago and trained them to be lorry drivers.

tomlong 5y ago
This is way off the mark. It was never obvious what sort of deal would be done between Europe & the UK govt. from the point of the referendum until quite on late on there was discussion of varying degrees of access to the common market and freedom of movement. Everything was up in the air politically and diplomatically until the last minute for 4 years and then there was a pandemic (no lorry driver training or testing for over a year) It’s not contentious that the problem is largely of the UKs own making but management incompetence at a company level is probably not to blame in most cases.
ljm 5y ago
The referendum was in 2016 but the thing that happened in 2020 was not the culmination of 4 years of sound planning and forewarning. It was Leeroy Jenkins applied to geopolitics. That is to say, the market is reacting now. To the market's credit, it hedged a few years hoping the UK wouldn't shit the bed, giving us some relative stability post-referendum. Until the UK started filling its pants and blaming everyone else for the stink.

ClumsyPilot 5y ago

Brexit was 'happening' for 5 years, I don't feel we need to make up excuses to maintain the slogan 'market can do no wrong' Especially since creation EU is a 'centralised choice' to begin with