If we vote for Brexit what happens

ukcarper

Crashy_Time wrote: »

Nothing special flats in Morningside were about 200k in the early 2000`s so I have no idea, true value was being distorted even back then and Edinburgh was definitely one of the biggest property bubbles outside London. Where you are is obviously being fuelled by the secondary London bubble that all the government/central bank intervention has caused, and just as obviously, IMO, is going to crash very hard when London pops.

So you are saying you couldn't find a reasonable flat in Edinburgh for less than £200k

Looking at rightmove seem to be plenty of flats under £250k in that area not much of a boom there.

gfplux

Kohoutek wrote: »

Not a great day for David Davis - amazing to think this buffon is in charge of the UK leaving the EU (at least nominally)...



http://www.newstatesman.com/politics/uk/2016/07/brexit-minister-david-davis-thinks-republic-ireland-part-uk



https://inews.co.uk/essentials/news/politics/does-david-davis-want-a-trading-area-10-times-the-size-of-the-earth/

He may have misspoken about Ireland but it will be a tricky problem.
When we are out of the EU we Britain will have a LAND border with the EU between Northern Ireland and the Republic.
As I understand it this border of 499km is presently VERY porous. After leaving the EU (AEU) this will have to become much, much tighter.
That will be very costly and might upset a lot of people's way of life who have lived on that border.
Just to repeat a LAND BORDER 499km or 311 miles.

Rinoa

Generali wrote: »

1. The Wells Fargo deal has probably been 12-18 months in the offing at least. Seriously, you don't blow £400 million on a building because the OH likes the view or something. It's meaningless in Brexit terms. There is perhaps a significance in that Brexit didn't prevent the deal going ahead but it's quite possible that break clauses made it impossible to stop. Or not.

Surely if break clauses made it impossible to stop the deal, it was done and dusted a while ago and would have been announced at the time.

Generali wrote: »

2. The FTSE 100 is not a vote on the future GDP of the UK. The biggest companies in the FTSE 100 are:

Royal Dutch Shell
HSBC Holdings
British American Tobacco
BP
GlaxoSmithKline
SABMiller
Vodafone Group
AstraZeneca
Diageo
Reckitt Benckiser Group

At a very well informed guess you've got 80-85% of the FTSE100 weight in those stocks.

These are companies for whom the UK is not a highly material part of earnings apart from HSBC most likely (I'd describe material as 20% and highly material as 33%). For most of these companies if the quid drops by 1% their share price should rise by perhaps 0.5-0.75% in quid terms.

Anyhoo, just some grist for the mill peeps.

All well and good. But why then did all the 'experts' forecast it would fall heavily. Why did UBS say the ftse might fall to 4900.

https://www.theguardian.com/business/marketforceslive/2016/jun/22/ftse-100-could-lose-up-to-350bn-in-brexit-vote-says-ubs

michaels

wotsthat wrote: »

Maybe we could start banana farms?

Do we import a lot of bananas from the EU?!

Consumer food prices in the EU are a prime example of the impact of 'rent seeking' that some on this forum claim to detest. Honestly if the 'market' for food is your best reason for wanting to be in the the EU then you are probably as far from being a free-market libertarian as you can get.

Perhaps we should move into safer areas like the environment where the EU is protecting German solar panel producers at huge expense to renewable energy generation whilst allowing them to subsidise their coal(!) industry.

Or the humble vacuum cleaner where EU 'energy efficiency' rules are designed to favour German producers less efficient bag technology against innovative cyclone technology.

Or perhaps you wonder why despite all the advances in clean vehicle technology city air seems to be gettign no less toxic - would that be EU rules favouring diesel vehicles as this allowed much crowing about CO2 reductions despite the local damage to children's lungs - anyone would think the big EU manufacturers, especially in Germany, were committed to Diesel technology....

Oh and did you get caught out by a scammer? Perhaps he/she had previous form but luckily under the EU directive there is a right for the past to be forgotten right down to search engines in Europe being blocked from displaying 100% factual information that forms part of the public record so when you googled to check then out the relevant information was hidden from you.

michaels

gfplux wrote: »

He may have misspoken about Ireland but it will be a tricky problem.
When we are out of the EU we Britain will have a LAND border with the EU between Northern Ireland and the Republic.
As I understand it this border of 499km is presently VERY porous. After leaving the EU (AEU) this will have to become much, much tighter.
That will be very costly and might upset a lot of people's way of life who have lived on that border.
Just to repeat a LAND BORDER 499km or 311 miles.

Why? What does it matter?

Thrugelmir

Kohoutek wrote: »

Not a great day for David Davis - amazing to think this buffon is in charge of the UK leaving the EU (at least nominally)...

I found the statement perfectly legible. Is English your first language?

CLAPTON

gfplux wrote: »

He may have misspoken about Ireland but it will be a tricky problem.
When we are out of the EU we Britain will have a LAND border with the EU between Northern Ireland and the Republic.
As I understand it this border of 499km is presently VERY porous. After leaving the EU (AEU) this will have to become much, much tighter.
That will be very costly and might upset a lot of people's way of life who have lived on that border.
Just to repeat a LAND BORDER 499km or 311 miles.

I believe that other EU countries have a LAND border with non EU countries: some I believe are considerebaly longer than 499km: however do they manage?

I believe many other countries in the world have LAND borders with their neighbour too: however do they manage?

between 1922 and 1973 Ireland and the UK had a LAND border outside the EU : however did they manage?


what unique and specific issues do you see?

Crashy_Time

ukcarper wrote: »

So you are saying you couldn't find a reasonable flat in Edinburgh for less than £200k

Looking at rightmove seem to be plenty of flats under £250k in that area not much of a boom there.

Not quite what I`m saying. I am saying that many parts of the country have a long way to fall as Brexit and other EZ problems play out.

mrginge

Five years time we'll still have remainers moaning about how we've lost X while leavers shout about how we've gained Y.

Meanwhile, the water still flows, the businesses still trade, England still lose at football and the general population gets on with life.

Perhaps we will be a little bit more insignificant in the world, perhaps this board will be full of graphs showing marginal %age shifts up or down since we left. But, just like in all such discussions, Most people will not give a flying f**k.

Kohoutek

mrginge wrote: »

Five years time we'll still have remainers moaning about how we've lost X while leavers shout about how we've gained Y.

Meanwhile, the water still flows, the businesses still trade, England still lose at football and the general population gets on with life.

Perhaps we will be a little bit more insignificant in the world, perhaps this board will be full of graphs showing marginal %age shifts up or down since we left. But, just like in all such discussions, Most people will not give a flying f**k.

So you're assuming all the negotiations / bureaucracy to implement Brexit will be over in 5 years time and Brexit won't have any significant economic impact on the UK?

Dream on. The recent past is not a guide to the future.