Supply Issues Building Materials ...

[UNG]

Brexshaft has also The EU punishment squad had a massive impact on anything to do with moving goods, even across the UK. I was talking this morning with a client who has a base in Oxford and a base in N.I. They used to just freely send trucks between the two places ad-hoc as both are in the U.K. but now with this EU border down the Irish Sea they actually have to do customs dockets and carnets for every single individual item. It's utter madness.

Corrected that for you

The EU countries as a punishment have invented so many new taxes to make UK goods so much harder or prohibitively expensive to export to the EU makes it clear what their aim is. On the other side of the coin HMRC are doing similar things on the tax front to imports although with the classification of some goods they seem at odds with other government departments if HMRC get their way with their current stance the price of bananas will be hiked up

 

[Rockingit]

Corrected that for you

The EU countries as a punishment have invented so many new taxes to make UK goods so much harder or prohibitively expensive to export to the EU makes it clear what their aim is. On the other side of the coin HMRC are doing similar things on the tax front to imports although with the classification of some goods they seem at odds with other government departments if HMRC get their way with their current stance the price of bananas will be hiked up

Not the place to get into the brexit debate, however I would suggest that what you are viewing as 'new' taxes etc are simply the reality of trading with other nations outside a trading agreement. As far as, for arguments sake, Italy is concerned, the UK is no different legally now to Kenya. As for the Irish Sea debacle - when a nation can't transit across it's own territory without having to deal with another one, after hundreds of years, because of something it did itself, then it only has itself to blame.

 

[UNG]

Not the place to get into the brexit debate, however I would suggest that what you are viewing as 'new' taxes etc are simply the reality of trading with other nations outside a trading agreement. As far as, for arguments sake, Italy is concerned, the UK is no different legally now to Kenya. As for the Irish Sea debacle - when a nation can't transit across it's own territory without having to deal with another one, after hundreds of years, because of something it did itself, then it only has itself to blame.

What is clear is that we do not trade with the EU as a single block now and every member state is creating new and in some cases punitive taxes to make trading difficult or not worthwhile. That said even when we were in the EU every member state had it's own rules when it came to compliance with EU directives when exporting specialist products, compliance in one member state did not automatically guarantee compliance in another, The sooner more EU member states wake up and smell the coffee and leave the sooner the EU goes down the pan and we can start trading properly with the countries in europe

 

[mattg4321]

Not the place to get into the brexit debate, however I would suggest that what you are viewing as 'new' taxes etc are simply the reality of trading with other nations outside a trading agreement. As far as, for arguments sake, Italy is concerned, the UK is no different legally now to Kenya.

Absolute load of tosh, but a favourite line of the europrats. Of course we are different to Kenya. Nearly every single one of our current standards are aligned with the EU, we have only just left having been part of it since 1976.

It’s their prerogative if they want to disingenuously invent reasons to be awkward, but it’s about one thing only - punishment, partly to make clear to other countries thinking of leaving they will also be punished.

It’s my opinion that in years to come leaving the EU will prove to be a great decision - much like not joining the eurozone which would’ve been a disaster for us. I voted leave with the expectation of a difficult 5-10 years before any benefit was seen. I didn’t foresee such a big benefit as our vaccination program materialising so quickly.

 

[Rockingit]

@UNG - As I said, this is not the thread and clearly you and I have different views - I respect that.

 

[LukeD]

Absolute load of tosh, but a favourite line of the europrats. Of course we are different to Kenya. Nearly every single one of our current standards are aligned with the EU, we have only just left having been part of it since 1976.

It’s their prerogative if they want to disingenuously invent reasons to be awkward, but it’s about one thing only - punishment, partly to make clear to other countries thinking of leaving they will also be punished.

It’s my opinion that in years to come leaving the EU will prove to be a great decision - much like not joining the eurozone which would’ve been a disaster for us. I voted leave with the expectation of a difficult 5-10 years before any benefit was seen. I didn’t foresee such a big benefit as our vaccination program materialising so quickly.

Poland are suffering badly with the EU. Looks like they are not getting what they expected !

 

[UNG]

Poland are suffering badly with the EU. Looks like they are not getting what they expected !

All down to the EU budget which went to stalemate and they then went quiet about it as those countries putting money in didn't want to increase their payments and those taking the money out didn't want to reduce their take

 

[LukeD]

All down to the EU budget which went to stalemate and they then went quiet about it as those countries putting money in didn't want to increase their payments and those taking the money out didn't want to reduce their take

Nope... Poland wanting to keep many of their laws etc and forgetting that under EU laws . These can be removed .So for all the anti brexit stuff that many poles directed at the Brits .Its now their turn to see what happens when you want to have your own rules etc !

 

[Dustydazzler]

2.5 prysmian up to £72 today in screwfix

still a whole £1 cheaper than my local independent cam do

 

[Dustydazzler]

After all the materials inflation fears a few months ago , the price of cable does seem to be holding fairly steady

£71.50 inc vat for 100m of 2.5 prysmian t&e from screwfix this week

 

[Rockingit]

After all the materials inflation fears a few months ago , the price of cable does seem to be holding fairly steady

£71.50 inc vat for 100m of 2.5 prysmian t&e from screwfix this week

Context: It's gone up 80% in around three years.

 

[nicebutdim]

On the world market, Copper is as expensive as its ever been - recently peaked slightly above where it traded 10 years ago.

Copper Prices - 45 Year Historical Chart

Interactive chart of historical daily COMEX copper prices back to 1971. The price shown is in U.S. Dollars per pound.

www.macrotrends.net

 

[Dustydazzler]

Context: It's gone up 80% in around three years.

Yes its blooming expensive compared to 3-4 years back , but at least it has levelled off in recent months which makes me more confident that prices hopefully won't shoot up when estimating jobs for December / January

 

[Mike Johnson]

If you watch the exchange rates between the Euro and GB the price is going up all the time, it's currently at just over 1.17 this has a significant effect on imported goods, about the worse time to be selling our house in France.

 

[mattg4321]

If you watch the exchange rates between the Euro and GB the price is going up all the time, it's currently at just over 1.17 this has a significant effect on imported goods, about the worse time to be selling our house in France.

It’s been roughly 1.15 ish for months if not years now?

 

[Mike Johnson]

It’s been roughly 1.15 ish for months if not years now?

As I said it's at 1.17 at the moment.

 

[nicebutdim]

As I said it's at 1.17 at the moment.

Couple of thousand per hundred thousand.

Not an insubstantial sum.

 

[mattg4321]

Annoying for Mike, but hardly a significant move in the context of forex.

 

[Mike Johnson]

But does have an effect on goods/materials imported from the EU, also duties to be paid, and hence the raw materials to manufacture cable.

 

[nicebutdim]

Just looked at the Euro's trading history. 20 years ago you'd have got €1.75 for your pound and in 2008 it was €1.02.

The average rate over the Euro's 20 year history to 2019 had been €1.33, with it's 10 year history in 2019 being €1.20. Prior to the Brexit referendum it traded at €1.30, so all told this particular exchange is on a fairly even keel.

For goods and materials I'd be inclined to look more closely at strength of currencies in countries where manufacturing takes place, rather than those within which we trade with distributors.

 

[Mike Johnson]

And when we joined the EU we where at four Euros too the GBP.

 

[nicebutdim]

We 'joined' the EU after Maastricht in 1993. Euro introduced 1999.

 

[Mike Johnson]

OK when the Euro was fist introduced then, sheesh.

 

[nicebutdim]

OK when the Euro was fist introduced then, sheesh.

I don't believe there has ever been a time when the £ was worth €4. I don't believe the € has even traded half as weakly as that, against the £.

 

[Avo Mk8]

From 1990 to date

 

[Avo Mk8]

I don't believe there has ever been a time when the £ was worth €4. I don't believe the € has even traded half as weakly as that, against the £.

Just had a look. 1960 the highest ever at 2.95. Didn't last ?

 

[nicebutdim]

Just had a look. 1960 the highest ever at 2.95. Didn't last ?

What currency was that? Certainly wasn't the € in 1960 - maybe something just flew over my head ?

 

[Avo Mk8]

What currency was that? Certainly wasn't the € in 1960 - maybe something just flew over my head ?

I believe its a Euroland 'calculated' average value of Eurozone countries exchange rates at the time. Supposed equivalent of a Euro before it existed. This is what happens when I ask a robot a stupid question ?

 

[Mike Johnson]

Well it got everyone going, including me, I concede, memory is not all it should be, suppose it's age related. ?

 

[nicebutdim]

I believe its a Euroland 'calculated' average value of Eurozone countries exchange rates at the time. Supposed equivalent of a Euro before it existed. This is what happens when I ask a robot a stupid question ?View attachment 90937

This is fascinating and bonkers in equal measure ?

 

[pc1966]

I believe its a Euroland 'calculated' average value of Eurozone countries exchange rates at the time. Supposed equivalent of a Euro before it existed.

It did and was called the ECU (before it, the EUA, but I never had dealing with that as a little before my time in business).

European Currency Unit - Wikipedia

en.wikipedia.org

Commonly used for large pan-Europe projects (e.g. by the like of ESA) so everyone had a similar pricing model to agree upon.

 

[nicebutdim]

It did and was called the ECU (before it, the EUA, but I never had dealing with that as a little before my time in business).

European Currency Unit - Wikipedia

en.wikipedia.org

Commonly used for large pan-Europe projects (e.g. by the like of ESA) so everyone had a similar pricing model to agree upon.

Interesting. I remember much talk of the ECU from my childhood, but never realised it had been in use (even if not in circulation). I'd thought the ECU was an idea being mooted at that time and that they'd settled on Euro as a less unusual name, once an actual European currency had been agreed upon.

 

[pc1966]

Interesting. I remember much talk of the ECU from my childhood, but never realised it had been in use (even if not in circulation). I'd thought the ECU was an idea being mooted at that time and that they'd settled on Euro as a less unusual name, once an actual European currency had been agreed upon.

I think at one point they talked about calling the pan-Europe currency the ECU as major businesses were already using it, but decided to go with something far more catchy and likely to get the public imagination fired up.

Then it became the Euro...

 

[DPG]

I think at one point they talked about calling the pan-Europe currency the ECU as major businesses were already using it, but decided to go with something far more catchy and likely to get the public imagination fired up.

Then it became the Euro...

I'm sure I've got an ECU coin in my coin collection.