Originally Posted by
ninianclark
Sterling has dropped 15% against the dollar - I think, so anything we import is going to cost more - at the moment. A lot of forecasts I have seen seem to believe that it will go back to pre brexit levels within 12 months - that is just someone else's prediction though.
Post Brexit in theory the UK can import from any non EU country and not have to apply the EU tariff. For example there was a program on bbc4 re shipping and how the container system is now a global std. To transport on a ship a flat screen TV from China to the UK cost £1. Given the economies of scale with large manufacturing in China and cheap labour - there is no way any UK / EU company can compete with that.
I am self employed - my standard of living changes every single year, good years it's great , bad years it's terrible. You should always cut your cloth accordingly as the saying goes.