Brexit, The Economy and House Prices (Part 2)

A_Medium_Size_Jock · 6 July 2017 at 11:54AM

Herzlos wrote: »

Look up 2 posts

It's good that they've agreed new 25-year leases, but presumably they'll still need a presence here? It says they might add 6000 sqft which would be a good thing, but they don't seem so confident they want to expand just yet.

Look up indeed and read what is actually said. You were determined enough to question before, what is so different now I wonder?

people familiar with the matter said.

said the people, who requested anonymity because discussions are not public.

Also note the word "would".
Not "is".

FACT so far is the purchase of a lease.
What you refer to is pure speculation.

Herzlos · 6 July 2017 at 1:01PM

True, the talk of jobs moving to Frankfurt is unconfirmed (but plausible). The report of a lease being extended is a definitive.

But they aren't mutually exclusive; they can renew their London HQ lease and still move most of their staff overseas. Moving offices costs a fortune so it's almost always better to renew than to downsize, and presumably 25 years is the shortest lease they were offered with a reasonable rate.

A_Medium_Size_Jock · 6 July 2017 at 1:07PM

"Ignore the doom-mongers, and the EU’s attempts to embarrass Britain – a good deal is looking likelier than ever."

But Brexit has its own logic and its own momentum: if it makes sense for Britain and the EU to co-operate on issues such as defence, trade, patents and scientific research, then a deal is likely. That is not blind hope, but what is happening already.

https://www.spectator.co.uk/2017/07/the-quiet-successes-of-brexit/#

andrewf75 · 6 July 2017 at 1:13PM

Matt_L wrote: »

Instead of a poll i would sooner go by the 80+% of the population that actually voted in the very recent election for parties that made it clear that we are leaving. A huge and real endorsement imo...

You’re very naiive if you consider that an endorsement of Brexit. Most remain voters accept the result and voted for the party they want to take the country both through Brexit and moving forward from that.
Most passionate remainers I know voted Labour, which is maybe ironic given their leader is more anti-EU than the Tories, but there simply wasn’t a viable anti-Brexit vote available.
Do not confuse accepting the result with endorsing it.

A_Medium_Size_Jock · 6 July 2017 at 1:14PM

Andrew Bailey the FCA CEO says London will survive Brexit:

Speaking at a Thomson Reuters event, he said that restrictions on trade were not “inevitable” and that firms need not move from the UK.

http://www.cityam.com/267967/fca-chief-executive-says-restrictions-trade-not-inevitable

“Does Brexit require membership of the single market to get the benefits of free trade with the EU? No,” he told a City audience this morning.

http://www.standard.co.uk/business/city-watchdog-andrew-bailey-backs-london-to-survive-brexit-but-calls-for-transition-deal-a3581431.html

Herzlos · 6 July 2017 at 1:24PM

A_Medium_Size_Jock wrote: »

"Ignore the doom-mongers, and the EU’s attempts to embarrass Britain – a good deal is looking likelier than ever."

https://www.spectator.co.uk/2017/07/the-quiet-successes-of-brexit/#

That reads like a pretty biased article. Talking about how the UK is getting down to business with free trade deals, like the US one they're going to start this month, whilst ignoring the EU-Japan deal that's closing.

They also seem to think that us having a trade deficit is enough to make them do what we want.

It makes a couple of good points about the way the EU is treating the negotiations, but it's not giving me any credible indication that we've suddenly got the upper hand without noticing.

mayonnaise · 6 July 2017 at 1:58PM

Herzlos wrote: »

That reads like a pretty biased article.

And the same old discredited meme:

But some 85 per cent of the public voted for parties promising a clean exit from the European Union

Nothing to see here. Let's move on.

Conrad · 6 July 2017 at 2:18PM

The policy chief of the City of London Corporation has said Brexit will not be a catastrophe for the Square Mile - and to suggest otherwise would be a return to the worst accusations thrown around during the referendum campaign.

http://www.cityam.com/267979/city-london-corporation-brexit-not-catastrophe

A_Medium_Size_Jock · 6 July 2017 at 3:25PM

Any ill-effects from Brexit will only be a "short-term blip" according to a PwC Study - and the UK will outpace the G7 in growth for decades to come!

The UK faces a costly bump in the road following Brexit – but it's a short-term blip, according to a new PwC study reported in The Independent.
Although the economy will take a £30bn hit related to its exit from the European Union, Britain "will grow faster than any other major advanced economy over the next three decades", says the Daily Telegraph.

http://www.theweek.co.uk/brexit/81116/brexit-hasnt-dimmed-londons-tech-appeal/page/0/10

Herzlos · 6 July 2017 at 3:40PM

But PwC warns that the UK will only achieve this positive growth projection if it continues to have an open approach to immigration and seeks flexible free trade deals with "faster-growing emerging economies".

So it's talking about a soft Brexit. It's also saying one of our key advantages is the working age population, due to raising the retirement age [and the number of working age immigrants we have].

Debate House Prices

Brexit, The Economy and House Prices (Part 2)

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