If we vote for Brexit what happens

CLAPTON

Herzlos wrote: »

Where did I say that?

whats your point of substance?

Conrad

I hope European fans of the EU will be glad to see the back of us so that they can crack on with unfettered federalisation, so this ought to please Quasar as Britain won't be hampering that grand journey anymore. We were only ever reluctant contrarian members, better off without us

Conrad

Herzlos wrote: »

Where was that said too?

I said our goverment has a pretty bad track record of spending money where it's needed, unlike the EU comissions that seem to do a much better job. Would you really want to be run by incompetents just as long as they are our incompetents?

The EU has a good track record of spending where it's needed, thanks for a great laugh, I enjoyed that

Sounds like a cult member that says they love thier abusing leader

mwpt

Conrad wrote: »

The EU has a good track record of spending where it's needed, thanks for a great laugh, I enjoyed that

Sounds like a cult member that says they love thier abusing leader

Can you put that in context? Is our government better at spending where is needed? Why is it a bad thing that poorer countries in the EU have infrastructure projects funded by the EU, which in the longer term would make everyone better off?

We do that in the UK too you know, we subsidise many poorer areas in order that everyone is better off.

sheff6107

psychological wrote: »

Looking to buy in the next couple of months, FTB been pulling a 10% deposit together for many years and finally there.

It's concerning to read so many comments warning off buying a property anytime soon - instant negative equity after so much time spent saving is certainly a daunting prospect.

That said, we're moving out of London and mortgage will cost half what we pay in rent here. Already seen a drop in house prices where we're looking to buy post-brexit and (most importantly) we can afford it.

I could wait 3 years to see if we hit another recession, but for all that time I'll be paying my landlord's mortgage...

Always more factors to consider than what the market may or may not do I guess.

There's always a recession around the corner. It's not like wages have increased much since 2008 or the economy was doing brilliantly before the referendum. It's not even like house prices have actually dropped since the vote - it's just the usual August price drops in the summer holidays.

gfplux

Conrad wrote: »

I hope European fans of the EU will be glad to see the back of us so that they can crack on with unfettered federalisation, so this ought to please Quasar as Britain won't be hampering that grand journey anymore. We were only ever reluctant contrarian members, better off without us

Yes they will be glad but also sad to see the back of Britain. We just wish you would get on with it after the Holidays.
Yes Britain were reluctant members but we wish you well on your great journey. Just start the journey soon.

gfplux

Some good news for Luxembourg
http://finance.yahoo.com/news/prudential-first-half-operating-profit-090353149.html
But remember it is all maybe's and might be's at the moment.

setmefree2

UK inflation hits near 2-year high

The plummeting pound has sharply increased costs for British factories since June’s vote to leave the EU, with new data showing prices of oil, metals and other supplies needed by manufacturers increasing for the first time in nearly three years. The Office for National Statistics said on Tuesday that input prices rose 4.3 per cent in July, the first annual increase since September 2013. There were double-digit rises in the cost of some goods, with the price of imported food up 10.2 per cent and imported metals 12.4 per cent higher.

Economists said the new data meant that while inflation has yet to trickle down to most everyday consumers, shoppers and businesses are likely to see price increases throughout the year.

The new data also raised new questions about whether companies can boost their cheaper exports by enough to compensate for the increased costs.
Victoria Clarke, economist at Investec, said the July price increases were “notable” and the Bank of England must now decide whether “the sharp and quick step-up in input prices suggests some greater upside price pressure ahead”.
The BoE is having to balance the need to support the economy with its mandate to deliver inflation of 2 per cent. It recently unveiled a package of interest rate cuts and a new bond-buying programme in an attempt to stimulate the economy. In the short term at least, it intends to prioritise growth over inflation.

All of the measures of inflation recorded by the ONS were up in July, in the first set of official data since the vote to leave the EU.
The consumer price index rose to 0.6 per cent, its highest since November 2014 — although still low in a historic context. The increase was caused by items that typically respond quickly to exchange rate movements, such as fuel and alcoholic drinks.

The retail price index, which is no longer an official statistic as it has been judged not to meet international standards but is still used to uprate some investments, rose to 1.9 per cent

http://www.ft.com/cms/s/0/8d8b7338-638b-11e6-a08a-c7ac04ef00aa.html#axzz4HV6KXRCV

setmefree2

Factory-gate prices rose 0.3 percent in July from June and were up 0.3 percent year-on-year, the ONS said. That’s the first annual increase in more than two years.

http://www.bloomberg.com/news/articles/2016-08-16/u-k-inflation-accelerates-as-pound-slump-boosts-import-costs

setmefree2

Sterling has rallied strongly in the wake of the latest UK inflation data

This suggests that inflation could be rising at a faster rate than those at the Bank of England would like, this in turn suggests the Bank will have to think twice about implementing further GBP-negative policies in the future.

https://www.poundsterlinglive.com/gbp-live-today/5324-gbp-squeeze-higher-against-eur-and-usd