Brexit, The Economy and House Prices (Part 2)

buglawton

vivatifosi wrote: »

The point re cars is an interesting one. We've both bought new cars in the last couple of years. I bought myself a new South Korean car, tempted by the seven year warranty, three year service package and huge number of extras installed. DH bought a German car from the same manufacturer as his previous car.

The level of service that I've received has been far superior. Even luxury brands can't rest on their laurels. If German manufacturers lose market share, that could as much be down to complacency and failing to see competitors offering a better service as Brexit.

I'm similarly considering replacing my Korean car with another Korean - just noting that it was manufactured (assembled?) in the Czech Republic, mind. What will make me hesitate and go for a Ford though, is the eye-watering cost of the imported Korean spare parts.

And... Chinese made MGs are sitting in a forecourt near near me. Will take a look.

Meanwhile Germany manufactures its luxury priced cars in China I know, but the middle class of the Chinese 1st tier cities who are the target, are far better off than the UK middle class and can afford them!

Bring on world competition I say, we don't need EU protected markets.

Tromking

always_sunny wrote: »

Oh yes, that's going to make the Euro dip and the EU panic and offer the UK a super dooper great deal! It's not as if the political arena is rosy here in the UK, is it?

Just offering a bit of context old boy.
I'll leave you and others to tell us how badly the UK is faring.
As Macron is hoping to turn France into a Thatcherite business friendly country in order to rival and take business away from the City of London, it's important we discuss the political ramifications of that domestically in France surely?
As an aside, just announced the EU economy is growing at its slowest rate in 6 months.
Both sides in need of good deal, it would seem.

A_Medium_Size_Jock

Nobody commented on Corbyn's Marr interview yesterday.
I wonder why?
:whistle:

He reiterated his belief that Britain should leave the Single Market, claiming that "the single market is dependent on membership of the EU . . . the two things are inextricably linked."

Laying out the case for leaving the single market, Corbyn used language we have rarely heard from him - blaming immigration for harming the lives of British workers.
The Labour leader said that after leaving the EU, there would still be European workers in Britain and vice versa. He added: "What there wouldn't be is the wholesale importation of underpaid workers from central Europe in order to destroy conditions, particularly in the construction industry."

http://www.newstatesman.com/politics/staggers/2017/07/jeremy-corbyn-wholesale-eu-immigration-has-destroyed-conditions-british

mayonnaise

Tromking wrote: »

As an aside, just announced the EU economy is growing at its slowest rate in 6 months.

You mean growth eased slightly from Q1's growth rate which was the highest for 6 years?
As an aside, how does this compare to the UK?

mayonnaise

UK households face sharpest squeeze in three years

British households' financial situation has deteriorated at the fastest rate in three years this month, as families increasingly shy away from big purchases like cars, holidays and household appliances

http://uk.reuters.com/article/uk-britain-economy-consumers-idUKKBN1A900W

On a positive note, UK GDP growth is expected to soar by 50% in Q2 compared to Q1....

...from 0.2% to 0.3%.

Official data due on Wednesday is forecast to show that economic growth picked up only slightly in the three months to the end of June. Analysts polled by Reuters see an expansion of 0.3 percent compared with 0.2 percent in the first quarter - half Britain's long-term average growth rate.

A_Medium_Size_Jock

mayonnaise wrote: »

UK households face sharpest squeeze in three years

http://uk.reuters.com/article/uk-britain-economy-consumers-idUKKBN1A900W

On a positive note, UK GDP growth is expected to soar by 50% in Q2 compared to Q1....

...from 0.2% to 0.3%.

And yet ..............

Retail sales rebounded in June

https://www.theguardian.com/business/2017/jul/20/uk-retail-sales-stores-squeeze-inflation-pay
IMF Eurozone GDP growth forecast - Eurozone 1.9%
IMF UK GDP growth forecast - 1.7%
http://www.reuters.com/article/us-imf-growth-forecasts-idUSKBN1A905Z?il=0

Not exactly a huge difference then.

A_Medium_Size_Jock

"Transitional deal" - rubbish.
This is just another example of the media frenzy surrounding each and every possible tiny bit of negativity linked to Brexit.
Shall we look at what was said?

Any transitional arrangement

"Any".
Also "we can look to see ...." (watch the video) and

The cabinet is said to be united behind a transition

http://www.bbc.co.uk/news/uk-politics-40697322

No wonder the EU have no comment; they can see that the suggestion is no more than the usual media hyperbole.

A_Medium_Size_Jock

ilovehouses wrote: »

Liam Fox on Andrew Marr..



Backed up with direct quotes in the link.

https://www.reuters.com/article/us-britain-eu-transition-idUSKBN1A80EE

I can't be bothered to see if the EU have commented but why would they? They've probably just made note of the UK's cards.

*Sigh*
Yet again, and from your link:

we can look to see what we are going to do

Is there any evidence that a transitional deal has been discussed during Brexit negotiations?
No?
Then it is - as I have said earlier - merely another suggestion.
If and when it becomes fact you may report it as such.

always_sunny

A_Medium_Size_Jock wrote: »

*Sigh*
Is there any evidence that a transitional deal has been discussed during Brexit negotiations?
No?
Then it is - as I have said earlier - merely another suggestion.
If and when it becomes fact you may report it as such.

No, but there is evidence that a transitional deal is sought by the UK.
So it is something that will be discussed at some stage unless you believe it was announced just to confuse the EU?

setmefree2

A_Medium_Size_Jock wrote: »

Nobody commented on Corbyn's Marr interview yesterday.
I wonder why?
:whistle:



http://www.newstatesman.com/politics/staggers/2017/07/jeremy-corbyn-wholesale-eu-immigration-has-destroyed-conditions-british

He speaks with a forked tongue though - you can't trust anything he says.

He is also a bit thick - which means that often he doesn't even know what he's talking about - imho.