If we vote for Brexit what happens

buglawton

Crashy_Time wrote: »

http://www.mortgageintroducer.com/70967-2/#.V7y-RUlTHcv

Or
https://www.theguardian.com/business/2016/aug/23/persimmon-shares-rise-housebuilder-shrugs-off-brexit-vote

Who knows, the new trend could be, new builds in strong demand, used property transactions down for the duration.

Mortgages down? Doesn't mean lower prices, as usual owners simply hold while either living in the properties or letting them, in other words, reduced supply supports prices.

With cackhanded policies on stamp duty, plus the mess-up that is help to buy ISAs (you cannot release one to pay your Exchange fees!) we shouldn't be too surprised that both sellers and buyers feel the music's stopped and they may as well stay seated.

posh*spice

mayonnaise wrote: »

Yep - UK PMI August is published next week, stay tuned.

I guess you will be flying the flag for the UK? not ???? What is your avatar - did I vote for that or did 289 MPs vote for it In 1993 over my head?

fatbeetle

If we vote for Brexit, this happens;

> Britain appears to be bouncing back from the post-Brexit panic in better shape than expected, after a string of indicators showed growth across the manufacturing sector, the building industry and in consumer spending.

> A survey of manufacturers reported a rise in exports to their highest level in two years. Persimmon, Britain’s biggest housebuilder, said customers were flocking back to view new build homes. And grocers enjoyed a 0.3% rise in sales in the 12 weeks to 14 August, the best performance since March.

> Nicholas Wrigley, Persimmon’s chairman, said that while the result of the EU referendum had created increased uncertainty, the news was quickly digested by customers. “Customer interest since then has been robust with a strengthening of visitor numbers to our sites compared to the same period last year,” he said.

> Economists have revised their pessimistic forecasts for the rest of the year and 2017 following a run of figures showing only a modest dip and steady rise in activity since the June 23 vote.

https://www.theguardian.com/business/2016/aug/23/uk-economic-surveys-defy-brexit-fears

gfplux

Well the holidays are slowly coming to an end. I only have two weeks left before I continue my holiday at home.
The Politiciens and civil servants will be returning to their offices.
Then, hopefully then this "phoney war" will come to an end.
For those of you too young to not have heard of a phoney war at the beginning of world war 2 here is the link

https://en.m.wikipedia.org/wiki/Phoney_War

That phoney war went on for 8 months.

CLAPTON

gfplux wrote: »

Well the holidays are slowly coming to an end. I only have two weeks left before I continue my holiday at home.
The Politiciens and civil servants will be returning to their offices.
Then, hopefully then this "phoney war" will come to an end.
For those of you too young to not have heard of a phoney war at the beginning of world war 2 here is the link

https://en.m.wikipedia.org/wiki/Phoney_War

That phoney war went on for 8 months.

a very disrespectful post in view of the many dead during that period

mayonnaise

fatbeetle wrote: »

If we vote for Brexit, this happens;

> Britain appears to be bouncing back from the post-Brexit panic

Isn't that wonderful.
We bounced back from post-Brexit panic when we haven't even brexited yet.

CLAPTON

mayonnaise wrote: »

Isn't that wonderful.
We bounced back from post-Brexit panic when we haven't even brexited yet.

yes, it is a sad reflection on the deliberate damage that Cameron, Osborne, BoE, et al did by repeatly lying and spreading false rumour.

peter_we

Oddly, my OH's pension cash redemption value has leapt since Brexit by 15%

Your OH's pension has stayed the same, as its mainly priced in Dollars (FTSE-100). Everything else has lost 15%, your wages, house, savings and goods.

You will see that when the 15% inflation hits in the next few months.

lisyloo

We bounced back from post-Brexit panic when we haven't even brexited yet.

Stating the obvious but nothing definite has actually happened yet.
Until facts (tarrifs, movement, rules etc.) are known then people and businesses will be unable to make decisions so effectively nothing has changed, apart from some uncertainty/speculation and a lot of holding off making decisions.

lisyloo

yes, it is a sad reflection on the deliberate damage that Cameron, Osborne, BoE, et al did by repeatly lying and spreading false rumour.

Never attribute to malice that which is adequately explained by incompetance.

The worst case forecast will never be true because people will actively try to avoid them.
If I told you that standing on that train line meant 100% you would be killed, then that's an accurate forecast, but it's highly likely you'd take action to avoid the worst case.
Similarly if bananas went up 4000% then most people would stop eating bananas so it wouldn't feed through to CPI. Stating the obvious really.

We have the capability to make the best of any situation, so the worst case scenarios can be thrown out.