• General
  • Sunak (General U.K. is Jaded thread)

hugopal the UK economy probably not performing the worst of all G7 nations since Brexit was implemented?!

In some sectors, though (those with high competition from migrant labour), pay has increased.

For example:
https://www.ft.com/content/5f832d86-827e-4596-999d-e0618364dbe3

It can be difficult to mount an economic argument to those who likely voted for Brexit and have benefitted from it (there are groups and you’re just being obtuse if you deny it).

    My mate is a partner in the private equity practice at Linklaters. His pay has reportedly gone up to £800,000 after a record year. Nothing to do with Brexit

      bosstrabs So some workers get higher wages paid out in a plummeting currency, against a backdrop of a declining economy, higher costs, and rising taxes? Great.

      Also overlooking that workers’ rights and sector pay could have still been negotiated and improved for most industries while still in the EU.

        alistair My mate is a partner in the private equity practice at Linklaters. His pay has reportedly gone up to £800,000 after a record year. Nothing to do with Brexit

        Firstly, one anecdote isn’t evidence of a wider trend.

        Second, by what percentage did it go up by? Was it more than inflation? Did it more than compensate the decline in Sterling? Was it tied to getting a promotion or increase in status? Was it due to simply outperforming his colleagues, or his firm outperforming its direct competitors over the time period for whatever reason? Again, your anecdote in isolation is utterly meaningless.

          alistair legal advice for private equity. Yes that’s definitely a market you’d expect to be hit hard by Brexit lol.

          • LT42 replied to this.

            hugopal my point being that train strikers’ pay awards have nothing to do with Brexit as have eye watering pay increases that are being awarded in the City of London (which was predicted to have been decimated). Back to work.

              Millsy its almost as if Alistair is living in a bubble.

              hugopal So some workers get higher wages paid out in a plummeting currency, against a backdrop of a declining economy, higher costs, and rising taxes? Great.

              Also overlooking that workers’ rights and sector pay could have still been negotiated and improved for most industries while still in the EU.

              I’m aware of that, Hugo. I simply said (as a Remainer) ā€œit is difficult to mount an economic argument to thoseā€, which it is, like my uncle, who is a truck driver who voted Brexit.

              Of course, you can resort to saying ā€œfuck you, you’re all thick cunts who get what you deserveā€, but that probably explains why you have 1 friend and all your family despises you.

                vinnyt77 Strikes don’t impact the former

                If we get to a point were enough people from private / public / government are striking and actually costing the rich income then it will start to have an affect. They will pressure their mates in government, promises of brown envelopes and cushy post political jobs will evaporate. I appreciate we’re a long way from there at the moment. Hurting the corporations is hard to do, but general strike is one of the best. Cracking precursor to full revolutions too.

                vinnyt77 Transport and parts of the health service haven’t had a material impact on public opinion

                Disagree, it’s being talked about a lot, and literally everyone I know supports their actions. I know I’m in the peoples republic, and you’d expect that reaction here, but just because some no mark, shit cunt, Tory bootlicker TV presenter grumbles about it on daytime TV doesn’t mean the public aren’t in support of it. Don’t believe the cunts.

                bosstrabs Starmer is sounding UKIP lite nowadays

                Bought by the corporations. Agent Starmer. Avoid at all costs. The cunt.

                bosstrabs except train workers are unionised and wouldn’t have been as affected by migrant labour driving down wages. Lorry driver is by definition an incredibly internationally mobile and unrepresentative job.

                On Labour’s approach to Brexit: this is something I genuinely struggle with because on one hand I want to see them call out Brexit and the damage it has brought, but I also think there is a longer term strategy that Starmer is following.

                I think his primary motivation is to win the next election and avoid getting destroyed in the right wing press by coming out fully against Brexit. Tactically, it would make more sense to do that because once they are in power, it would be a less encumbered path towards rejoining the Customs Union and Single Market. It could very well just happen but isn’t expressed in those terms to keep the flag shaggers asleep.

                There is a real danger that by coming out fully against Brexit now, it will just reignite the Brexit morons and put the fight back on the agenda. As horrific as it is to see all of the damage wrought on the country, it does have the effect of shutting them up as they are forced to deal with the reality of Brexit meaning that the slogans like ā€œleave means leaveā€ and ā€œsovereigntyā€ falling into their rightful places of history as I’ll conceived bad ideas. Even though the polls rightly show dwindling support for Brexit, you don’t want to give the Brexit loons any basis to galvanise public support and re-litigate an argument that has been overwhelmingly trounced.

                My hope is that Starmer is playing the long game, holding his nose with some of the things he is saying but is keeping in mind the most important objectives above all else.

                It definitely doesn’t help when he uses talking points like loosening the reliance on cheap labour when that is something the Brexiters were arguing (although many of them were curiously silent on low wages prior to the referendum). It also doesn’t help when he says he wants to ā€œMake Brexit workā€ as it puts him into the same category as the ideologues who won’t admit that Brexit will never work. He runs the risk of being mired in the delusional camp of people who can’t own up to the fundamental reality of Brexit.

                My best guess is that he is aware that he is all too aware of the shifting sands of public mood and when the poverty and deprivation gets to a certain point, rejoining will be completely in controversial and will be welcomed. The landscape is already changing with people beginning to own up to the stupidity of it and disavowing themselves from it and there is every reason to think it will continue. It’s how you present that journey now that matters and lead people towards evolving their thinking against the hammer blows of reality.

                alistair my point being that train strikers’ pay awards have nothing to do with Brexit as have eye watering pay increases that are being awarded in the City of London (which was predicted to have been decimated)

                You didn’t really show that point - you didn’t even say what your mate’s pay increase was! Plus maybe he earned it via his performance or the performance of his company?

                What have rail workers done to earn a significant pay rise besides voting to shoot their country (one of their ultimate employers) in its foot?

                PS the City overall has still been declining - which obviously doesn’t mean that there won’t still be some people within that improving their situation. Your single anecdote doesn’t change that.

                Hugo on the takedown like a high school shooter today.

                Breathtaking

                  Mad_Cyril Despite his pedantry and general social awkwardness I still think Hugo would be a generous lover who would at least give you a reacharound while tenderly nuzzling your neck while on the job.