Brexit, The Economy and House Prices (Part 2)

A_Medium_Size_Jock

Following on from yesterday's discussion here regarding the preparedness of the UK in Brexit talks with the EU, I saw this from Melanie Philips:

Here’s a snippet from a Press Association report yesterday that you may not have read in today’s papers:
“Insiders close to the talks said EU staff were surprised at how prepared the UK side was on the detail of the issues, with negotiators going into talks with packs of papers. EU negotiators are also said to have remarked on the agility of Britain’s position since it is not pinned down by the kind of detailed position papers produced by Brussels.”
I don’t know the truth of any of this because I don’t know what’s going on behind the scenes; but nor do the people who are declaring as a fact that Britain is being outclassed and out-gunned.

http://www.melaniephillips.com/just-really-messing-brexit-talks/

*Disclaimer*
Do not take this as confirmation of some supposed agreement with the author's stance.
It does however imply that UK negotiators are more prepared than some on here are suggesting.

A_Medium_Size_Jock

gfplux wrote: »

If the trade deal doesn't happen with BMW having a huge manufacturing facility in the USA they could set up a new plug in electric line there.
Although I am not sure that plug in electric is of interest to the American President.

Perhaps not specifically to the president but to the American public is a different matter.
As a businessman first and foremost you can rely upon Trump to make the very most of any opportunity.

Lower gas prices have not dampened enthusiasm for electric cars, according to a new report from the Automobile Association of America.
More than 30 million Americans are likely to buy an electric vehicle as their next car, and demand among millennials is especially high.

http://www.cnbc.com/2017/04/17/demand-for-electric-vehicles-bucks-low-gas-prices-says-aaa.html

Further USA-biased reading:
http://fortune.com/2017/07/05/volvo-electric-car-goal/

https://www.bloomberg.com/news/articles/2017-07-19/why-electric-cars-are-everywhere-except-here-now-quicktake-q-a

A_Medium_Size_Jock

mayonnaise wrote: »

No it doesn't, because...



Next.

*sigh*
Nice try Mayo but the same quote I included was covered by Sky and others:

The latest round of negotiations are taking place in Brussels, and insiders close to the talks have said EU staff have been surprised at how prepared the UK side is on the detail of the issues.

http://news.sky.com/story/theresa-may-there-is-no-such-thing-as-an-unsackable-minister-10954235

But never mind, Mayo the faceless internet warrior insists he is correct and not mainstream media.

Herzlos

Electric cars are very fasionable in the US at the moment - they are only going to get more popular.

gfplux

Herzlos wrote: »

Electric cars are very fasionable in the US at the moment - they are only going to get more popular.

You might be right but if you replace US with California's it might be even more accurate. California is a big market.
I do know that Tesla are doing well there but then again Tesla are doing quite well in a lot of markets given the high price. (Which will change soon when the ramp up production of the new model)

always_sunny

gfplux wrote: »

You might be right but if you replace US with California's it might be even more accurate. California is a big market.
I do know that Tesla are doing well there but then again Tesla are doing quite well in a lot of markets given the high price. (Which will change soon when the ramp up production of the new model)

CA is defo the leading state!

A_Medium_Size_Jock

You probably won't like this either:

Retail sales bounced back in a warmer second quarter of the year, raising hopes the resilience of the British consumer will continue to fuel UK economic growth.

http://www.cityam.com/268799/retail-sales-rise-second-quarter-gives-glimmers-hope

A_Medium_Size_Jock

ilovehouses wrote: »

It doesn't matter how many outlets pick this up. The source still said..



I did have a chuckle at you accusing others of being faceless internet warriors without showing the slightest sign of self awareness so thanks for that.

However, you should note that the snippet you posted to referred to 'insiders' and 'EU negotiators are also said to have remarked' i.e. a faceless someone heard that faceless EU negotiators were overheard to have said x, y and z. Could be true but you wouldn't let this pass if the opposite argument was being made - there are plenty of sources 'close to the negotiations' saying we are unprepared.

So, instead of dismissing faceless insider information by giving your own faceless insider quotes why not look at what we know?

There's been a referendum (which the government expected to win), a Tory leadership campaign, a general election and a deal to prop up a government which threw away its majority on a vanity project. Sound like the background which would accommodate a full and thorough negotiation preparation - no it doesn't.

David Davis rolled over and had his tummy tickled in the first hour of negotiations. Does that sound like someone fully on top of their brief? Not really.

The UK are on the back foot as a result.

As usual you are wrong yet again.
Nowhere in the link you quote says what you say, does it?
Show us where the Sky link of mine you quote it says "I don’t know the truth of any of this because I don’t know what’s going on behind the scenes"? that you use as a basis for your derision?

You will not like this either, methinks:

Securing a free trade deal with the European Union should be “one of the easiest in human history”, according to Cabinet minister Liam Fox, as he insisted Britain could also “survive” without a deal.

http://www.independent.co.uk/news/uk/politics/brexit-latest-news-liam-fox-eu-free-trade-deal-uk-secretary-easiest-human-history-david-davis-a7850216.html

But don't worry, we know already that you will dismiss this just as you seem to dismiss everything else that does not meet with your pro-remain agenda.

As for your "chuckling" I doubt any will be surprised; as the saying goes, "little things ....."

always_sunny

A_Medium_Size_Jock wrote: »

You probably won't like this either:

http://www.cityam.com/268799/retail-sales-rise-second-quarter-gives-glimmers-hope

Actually I find that quite disturbing however nothing related with Brexit.
"Household savings rate drops to record UK low of 3.3% of disposable income as consumers keep on spending"

I think it's a cultural thing though, the pound falling may contribute to the urge (i.e. better spend now before it goes down further). However it is not a good thing as many households are unprepared for financial emergencies.

A_Medium_Size_Jock

always_sunny wrote: »

Actually I find that quite disturbing however nothing related with Brexit.
"Household savings rate drops to record UK low of 3.3% of disposable income as consumers keep on spending"

I think it's a cultural thing though, the pound falling may contribute to the urge (i.e. better spend now before it goes down further). However it is not a good thing as many households are unprepared for financial emergencies.

Whilst I tend to agree there is no incentive to save at the current time given continued extremely low rates of interest.
I also note how you grasp upon any perceived negativity but ignore the real relevant part of the report, namely:

Richard Lim, chief executive of consultancy Retail Economics, said: “Any anxiety over the general election, Brexit or the squeeze on disposable incomes appears to have been put to one side for the moment."