Brexit, The Economy and House Prices (Part 2)

A_Medium_Size_Jock

Thrugelmir wrote: »

Why does saving need an incentive? A working lifetime only lasts so long. How one chooses to use the money earnt is a personal one.

Because savers like to get a return on their investment - just as everybody does who invests for whatever reason.
Are you suggesting that they do not?

Or are you suggesting that those with funds looking for a home should deposit it in a savings scheme of some type at historically low interest rates rather than (just for one example; there are others) property?

There are many reasons why savings have slumped but to suggest that savers need no incentive to save in the manner recorded for official statistics is at best highly improbable.

For the avoidance of confusion the following details how the savings ratio is estimated:
https://www.ons.gov.uk/economy/nationalaccounts/uksectoraccounts/articles/nationalaccountsarticles/2015-11-02

Part 4 btw.

setmefree2

UK criminal check plan for EU citizens is sticking point in Brexit talks

Brussels believes British proposal goes too far.

http://www.politico.eu/article/uk-criminal-check-plan-for-eu-citizens-is-sticking-point-in-brexit-talks/

setmefree2

In another area of disagreement during the citizens’ rights discussions — which negotiators had hoped would be an area of broad agreement — U.K. officials were surprised by EU proposals that British citizens living in Europe should only be granted residence rights in the member state in which they live, rather than across the entire EU. British officials regarded the plan as a watering down of the rights those individuals currently hold, something the EU had said it would not do.

http://www.politico.eu/article/uk-criminal-check-plan-for-eu-citizens-is-sticking-point-in-brexit-talks/

A_Medium_Size_Jock

mayonnaise wrote: »

Indeed...

UK is 'flirting with recession'



http://uk.businessinsider.com/recession-in-the-uk-in-2017-credit-suisse-2017-7

Yet more selective quotes in an attempt at "scare tactics"?
Here is more from that link, just to demonstrate how unlikely that nice graphic originally posted really is:

Analysts Sonali Punhani, Peter Foley, and Neville Hill argue that while a recession is not hugely likely and does not represent the bank's central scenario, there is as much as a 38% chance that a technical recession could be on the cards.

"As much as a 38% chance".
Uh-huh.
In other words if they stretch their theory to the maximum the highest possibility could be a 38% chance.
Leaving a 62% chance that there would be no "technical recession" then.
Which percentage is higher?
Anyone?

Desperation at it's finest is how that linked story looks, see my comment here:

A_Medium_Size_Jock wrote: »

And yet such unsubstantiated rumour pervades the pro-remain portion of this thread - but of course, my linked report is not pro-EU doom-laden parp, is it?

Someone must instruct media to desist with all these non-stories.
The pro-remain protagonists don't like them.

(#1569)

Herzlos

Thrugelmir wrote: »

Why does saving need an incentive? A working lifetime only lasts so long. How one chooses to use the money earnt is a personal one.

Savings rates are at something like 20% of inflation, so putting money into savings is just watching it inflate away nearly as badly if it's under the mattress. So whilst you want to keep some rainy day money, you may as well spend the rest whilst it's worth something.

A_Medium_Size_Jock

The German court system is at risk of collapsing under the added pressure of increased assylum complaints, it seems:

The situation is dramatic for administrative courts.” said the organization’s chair, Robert Seegmüller. “We are now completely stretched to our limits.”
RND further calculated based on national and European data that there are currently around 250,000 asylum decisions waiting to be challenged in the courts.
“The administrative court system cannot endure such a figure in the long run. At some point, everything will collapse,” Seegmüller said. “Things may go well for a while, but not permanently.”

https://www.thelocal.de/20170720/german-judge-warns-of-court-system-collapse-due-to-mass-number-of-asylum-complaints

A_Medium_Size_Jock

I see news of EasyJet ensuring that it's EU flights will continue post-Brexit:

EasyJet has secured an air operator's certificate in Austria that will enable it to keep flying across the EU after Brexit, the low-cost carrier said Thursday, and lifted earnings guidance.

"Our European AOC (air operator's certificate) has now been awarded and the first flight by an EasyJet Europe aircraft takes place today," said the company's outgoing chief executive Carolyn McCall.
"That means our flying rights in Europe will be secure after the UK leaves the EU."

https://www.thelocal.at/20170720/easyjet-wins-air-operators-certificate-in-austria

A_Medium_Size_Jock

The dates for the Parliamentary reading of the EU repeal bill have been released:

Britain will hold its first full parliamentary debate on Sept. 7 on legislation which will sever the country's ties with the European Union, the leader of the lower House of Commons, Andrea Leadsom, said on Thursday.

http://uk.reuters.com/article/uk-britain-eu-repeal-idUKKBN1A5178?il=0

A_Medium_Size_Jock

ilovehouses wrote: »

At a cost of £10m. That's £10m to ensure they can keep on doing what they were already doing.

Good news for Austria; not so good news for Easyjet customers.

I have so far resisted your attempts to again engage in episodic thread-clogging and will continue to resist after this:

Good of you though it is to concern yourself so over any presumed fate of EasyJet customers or Austria, I feel certain that Stelios and co. have in all probability weighed up the advantages much more than you have.
Hence their decision, and note that with such profitability the sum must indeed be considered very worthwhile.

The Luton-based airline also lifted its profits outlook for the year on rising third-quarter revenues and passenger numbers, and "strong" cost controls. Profit before taxation is forecast to stand between £380 million and £420 million ($495-$550 million, 430-474 million euros).

Herzlos

I don't think debating a point counts as derailing any more than you usually derail things. Why is this one so different?

I admit I'm probably as bad, we usually end of wasting a page or 2 everytime I point out issues with your sources.

So they've set up a new company, EasyJet Austria. Is that likely to be a brass-plate exercise or are they going to have to run an office there? Does that increase the chances of moving any other roles over there?

As said, the operators were always going to do this, and it just means they're paying out a lot of money to continue doing what they were already doing. That money will ultimately come out of the pockets of the consumers.

So it's good that EasyJet will continue to operate in the EU. It's bad that it's increased it's costs to do so.