BHS, An Old British Department Store, Went Bankrupt Before Europe.

Recently, the old British aristocracy, which had been silent for a long time, aroused new vitality and attracted people's attention.

The referendum broke away from Europe, the prime minister resigned, and the demonstrations took off from Europe. The spectacular scenes of one scene made up a great drama between the United Kingdom and the European Union.

For a time, the pound fell sharply, and the pound sterling exchange rate dropped from 9.84 in June 23rd to about 8.6 today.

Heaven.

For the broad masses of the Chinese people,

Compared with the suddenly cheap McQueen bag, another retail farce that also happened in the UK appears to be unremarkable. British traditional department store BHS has declared bankruptcy, and its online and overseas businesses have been bought by Qatar retail group, while BHS's physical stores will shut down without accident.

In fact, this event of great importance to the British people has a profound omen for the retail and labour market in the UK after Europe.

This referendum was widely recognized as a victory for the poor in Britain.

Most of the low income groups in the United Kingdom are most concerned about and are most concerned about their own jobs and incomes. They complain loudly that cheap laborers from other parts of the European Union have taken away their jobs and forced them to endure unemployment.

The fact is exactly what they say.

Since the establishment of the European Union in 1993, the number of non local labor force in Britain has been booming.

In 1993, the number of non native born workers in the United Kingdom fluctuated around two million and nine hundred thousand, while in 2014 it doubled to six million and six hundred thousand.

At the same time, Britain's domestic population remained basically zero growth.

In twenty-first Century, the survival of British local workers deteriorated with the addition of many relatively undeveloped countries in Eastern Europe to the European Union.

Britain's GDP per capita is much higher than that of Eastern Europe, and thus attracts a large number of Eastern European immigrants.

In 2002, only 8.5% of the UK's low-end labour market (such as public pport drivers, restaurant attendants, etc.) were non local workers.

In the past twelve years, this figure has increased four times. In 2014, only about 68% of the grass-roots labor force remained British.

As can be seen from the picture, the average per hour output per person in the UK is slightly higher than that in other developed countries such as Italy.

Despite the rapid increase in per hour GDP per capita in Czech after joining the European Union, however, by the year 2011, the standard of the UK was still about 50% higher than that of Czech.

It is no wonder that the people of Eastern Europe are pouring into the British labour market just like moths.

The EU's migrant workers did a lot of cheese belonging to the poor in Britain.

The wrath of the poor, the rage of the masses.

The demand of the vast majority of people is irresistible, so the outcome of the referendum in Britain finally points to Europe.

In Europe, there will probably be more restrictions on foreign workers in the UK, and the poor in Britain will naturally get the employment rate they want.

However, the great advantage of Europe for the low end labor force in Britain is a ferocious imperative for many British companies.

If it is officially off Europe, Britain will no longer share the low end labor market with the European Union.

With the decline in labour supply, the British base salary is likely to rise again.

God bless these British companies, because even if the EU labor force still exists in large numbers, the cost of human resources in British companies is already very expensive.

For example, BHS, which declared bankruptcy, is not only poorly managed, but also because of its high labor costs.

Of the 1 billion 300 million debt owed by BHS, 570 million is debt from employee pension.

Therefore, in the long run, the cost of retail business in the UK is on the rise, which is likely to lead to an increase in retail prices in the UK.

This is not good news for Chinese consumers: the high probability of retail price rise, the stable sterling exchange rate after all, and the possible trade tax between the EU and the UK are likely to greatly increase the price of luxury goods in the UK. Three

Perhaps a Burberry coat that is now acceptable is acceptable for two years.

So this summer, when the pound is still cheap, while Britain is still a luxury shopping paradise, make up your mind to buy and buy!