Brexit, The Economy and House Prices (Part 2)

Thrugelmir

Filo25 wrote: »

That's a rather optimistic view of the political situation in the UK at present Thrugelmir, no shortage of disagreement within both major parties on the type of Brexit deal we should be pursuing, personally I think the cabinet and shadow cabinet are about as weak as they have ever been.

At a point one has to park ones personal view and instead contribute to the discussion with the majority. If there was no compromise. Then nothing would ever get done or achieved. Brexit will evolve over time. The UK is ultimately free to pursue whatever course it wishes as a sovereign state. We as the electorate will have plenty of opportunity to register our opinion at the ballot box.

mayonnaise

UK consumer morale slips as economic mood hits four-year low

"All bets must now be on a further drift downwards in confidence"

http://uk.reuters.com/article/uk-britain-economy-consumersentiment-idUKKBN1AC3ET

Herzlos

Rinoa wrote: »

How crazy would it be for the UK to say EU nationals living in Wales may continue to do so, but are banned from moving to England after Brexit.

But that's precisely what the EU want to impose on UK citizens.

Non-EU citizens resident in the EU don't automatically qualify to get free movement across the EU (outside of Shengen). We'd be getting treated no differently to any other non-EU citizens.

mayonnaise

Herzlos wrote: »

Non-EU citizens resident in the EU don't automatically qualify to get free movement across the EU (outside of Shengen). We'd be getting treated no differently to any other non-EU citizens.

Rather ironic to see brexiteers lamenting the fact we'll be losing free movement across the EU.

ThinkingOutLoud_2

always_sunny wrote: »

Not surprised why the UK is one of the very few countries in the world with prepaid electric meters! :rotfl:

Er not sure of the relevance. If the EU does not trust its member to pay their bills - they are a bit late with the meter installation.

Perhaps the true allegory is that energy companies should not be allowed to charge rip off rates and impose unfair practices.

Brexit is happening in some ways because of a customer backlash to their poor behaviour.

kabayiri

ThinkingOutLoud wrote: »

...
Brexit is happening in some ways because of a customer backlash to their poor behaviour.

If you don't listen to your customers; if you ignore their opinion and ride roughshod over it; you don't deserve to keep them, right?

always_sunny

Herzlos wrote: »

Non-EU citizens resident in the EU don't automatically qualify to get free movement across the EU (outside of Shengen). We'd be getting treated no differently to any other non-EU citizens.

They do after 5 years. They become permanent residents and can 'freely' move within EU.
Never understood why the UK never negotiated a similar 'deal' for the long term residents here.

i.e. a Nigerian passport holder resident in the UK cannot easily travel to the EU, but a Nigerian passport holder resident in France can.

Suppose it's a long tradition of keeping citizen tiers!

Thrugelmir

mayonnaise wrote: »

UK consumer morale slips as economic mood hits four-year low

Been on the horizon for some considerable time. The fact it hasn't been earlier is done to the continued low level of interest rates. Leaves the BOE with little room to manoeuvre in the short term. Finance companies themselves are now pulling back by lending less and edging their rates upwards. With the BOE's cheap lending facility ending next February.

Herzlos

mayonnaise wrote: »

Rather ironic to see brexiteers lamenting the fact we'll be losing free movement across the EU.

Very much so. There's still a while until it really sinks in - when people start complaining how long it's taking them to get through airports (since the non-EU queue is always longer), the inevitable handful that don't realize they needed to apply for a VISA before traveling and get rejected at the airports, those that try to pop across a border that's now closed to them, or those that don't realize the amount of duty free they can import drops drastically.

On the plus side - what little duty free they'll be allowed to bring home will now actually be free of duty.

Filo25

mayonnaise wrote: »

Brexit is making the UK economy act illogically


https://qz.com/1040764/brexits-effect-on-the-pound-isnt-boosting-the-economy-as-much-as-expected/

I was reading a few weeks ago that a lot of exporters appear to be increasing margins rather than letting the fall in Sterling flow through into lower foreign currency prices to boost marketshare.