Brexit, The Economy and House Prices (Part 2)

Brummum11

The biggest thing that needs to happen is to just get on with it.

The uncertainty is the biggest issue and if a deal is not done during the next 18 months could continue for years and wreak our economy.

The party in charge makes little difference as without a strong economy there will be no money to spend on any public services or any of the other promises made in the last GE.

Thrugelmir

always_sunny wrote: »

Maybe you missed the news that wages in the UK are not going up either.

Not at all. Low productivity has been the agenda for some time now. Wages have to be earnt. Not a right just because inflation is increasing.

setmefree2

Sterling surges after BoE vote swing

https://uk.reuters.com/article/uk-global-forex-idUKKBN19601Z

It's the BoE as much as Bexit pushing down sterling.

setmefree2

Philip Hammond withdraws from Mansion House speech after Grenfell Tower disaster

http://www.standard.co.uk/news/politics/philip-hammond-flexes-muscles-with-series-of-brexit-demands-a3565821.html

setmefree2

DUP backs Theresa May's vision of Brexit, not Philip Hammond's

Peston's Politics Robert Peston

He said the DUP was 100% committed to the UK leaving the single market AND the customs union

http://www.itv.com/news/2017-06-15/dup-backs-theresa-mays-vision-of-brexit-not-philip-hammonds/

setmefree2

Other items in Queen's Speech

is that means testing of the winter fuel allowance for the elderly has been dropped, and the triple lock on pension rises retained.
Permission for new grammar schools is also out of the Queen's Speech, but that's despite the DUP - which likes grammars - and simply because quite a lot of Tory backbenchers (hello Nicky Morgan) don't like them.

http://www.itv.com/news/2017-06-15/dup-backs-theresa-mays-vision-of-brexit-not-philip-hammonds/

hallmark

setmefree2 wrote: »

Other items in Queen's Speech


http://www.itv.com/news/2017-06-15/dup-backs-theresa-mays-vision-of-brexit-not-philip-hammonds/

The May policies are being dropped in preparation for May herself to be dropped. Still looks to me like the idea is May does the deed with the DUP (that nobody else wants their name on) & kicks of Brexit talks then at some point when things have settled down a little steps aside for a leadership fight.

chucknorris

hallmark wrote: »

The May policies are being dropped in preparation for May herself to be dropped. Still looks to me like the idea is May does the deed with the DUP (that nobody else wants their name on) & kicks of Brexit talks then at some point when things have settled down a little steps aside for a leadership fight.

I've been wondering why May hasn't said more recently about what kind of Brexit we are going for. Last night I realised that she probably can't say much before the queen's acceptance speech. If she did, she might risk losing a few votes one way or the other from disgruntled brexiteer or remainer Tory MP's. So she probably feels that she needs to keep quiet about it for now.

I personally think that cross party talks should take place about all the options, why not let parliament vote on it?

gfplux

A reminder that the clock is ticking. From the Times Brexit weekly email. Yesterday.

"As of 10.20 this morning there were 652 days, 13 hours and 40 minutes until the UK leaves the European Union, and the clock continues to count down.
In reality the actual time to get a deal is significantly less, since it will have to be cleared by both the 27 member states and the European parliament. And if no deal is done and the 27 do not unanimously agree to extend the talk then Britain simply stops being a member of the EU at the end of March 2019.
That would not be a hard Brexit. It would be a disastrous, chaotic Brexit that could ground flights, lead to temporary food shortages and collapse the economy.
Such a scenario is still very unlikely but it cannot now be ruled out altogether."

always_sunny

gfplux wrote: »

A reminder that the clock is ticking. From the Times Brexit weekly email. Yesterday.

"As of 10.20 this morning there were 652 days, 13 hours and 40 minutes until the UK leaves the European Union, and the clock continues to count down.
In reality the actual time to get a deal is significantly less, since it will have to be cleared by both the 27 member states and the European parliament. And if no deal is done and the 27 do not unanimously agree to extend the talk then Britain simply stops being a member of the EU at the end of March 2019.
That would not be a hard Brexit. It would be a disastrous, chaotic Brexit that could ground flights, lead to temporary food shortages and collapse the economy.
Such a scenario is still very unlikely but it cannot now be ruled out altogether."

That scenario is not so unlikely and indeed it'll be fairly disruptive but it is the hard Brexit that people are looking for and may need to get. They're backing Brexit but not the consequences. The EU may just help with that, cut the country lose and free from the "shackles" to find these new arrangements.

Many have the assumption that the UK has its own gravity and rules the world but things have changed, a reality check may do good in the long run.