Brexit, The Economy and House Prices (Part 2)

Conrad

Anyone wonder why the UK media is not asking for example the Irish or Dutch whether they would like tariffs and barriers on their exports to us?

Conrad

always_sunny wrote: »

Sounds like a good plan, foreign companies snapping much of UK while the pound is low.
Oh Conrad, no one is arguing that eventually the UK will function, the country has some 64M people...

Why are professional investors like Blackstone investing in the UK if Remoaners like James O' Brien are correct in their relentless assertion we are going down the pan due to Brexit?


Surely they would be better putting this investment elsewhere?

Herzlos

Fella wrote: »

Perhaps you didn't read the article:

David Davis and the EU slammed the door on any prospect of a “soft” Brexit as formal negotiations on leaving the EU finally got underway in Brussels.

The Brexit Secretary confirmed Britain would be leaving the customs union and the single market, in a move designed to scupper any parliamentary plots to water down the terms of the UK’s withdrawal from Europe.

His counterpart, Michel Barnier, the EU’s chief Brexit negotiator, also confirmed that Britain would leave the single market and the customs union.

Paywalled before I got to the part of the article fleshing out what Bernier said. I'm pretty sure it's conditional somehow, as the EU seem to be happy for us to remain in the single market if we satisfy the appropriate criteria.

Alternatively, they are starting to play hard ball with us.

Conrad

I understand the Swiss pay a 6th (proportionally) of the amount we pay the EU and that they are able to do trade deals across the world and operate a work VISA system as opposed to FOM.


Is this the case?

Herzlos

Conrad wrote: »

I understand the Swiss pay a 6th (proportionally) of the amount we pay the EU and that they are able to do trade deals across the world and operate a work VISA system as opposed to FOM.


Is this the case?

It doesn't sound like it:

https://www.theguardian.com/world/2016/dec/16/switzerland-u-turn-quotas-on-eu-workers-immigration

mayonnaise

Conrad wrote: »

Anyone wonder why the UK media is not asking for example the Irish or Dutch whether they would like tariffs and barriers on their exports to us?

As per your signature, 9% of Dutch exports come to the UK.
That means that 91% go somewhere else.
I hope this answers your question.

kabayiri

always_sunny wrote: »

Sounds like a good plan, foreign companies snapping much of UK while the pound is low.
Oh Conrad, no one is arguing that eventually the UK will function, the country has some 64M people...

I know Indian investors keen on acquiring more stake in UK business.

Notice the word 'stake'. They would rather acquire the profitable elements like the IT parts of a certain major insurance provider.

always_sunny

Conrad wrote: »

Why are professional investors like Blackstone investing in the UK if Remoaners like James O' Brien are correct in their relentless assertion we are going down the pan due to Brexit?

Surely they would be better putting this investment elsewhere?

Because long term they see a possible return. Same reason as why they invest in emerging markets.

If after Brexit the pound lost 20% against the USD, Blackstone can buy at 20% discount and if in 10 years (or how long it'll be) the value returns to the original, they made a revenue..

For foreigner investors is a bargain corner but for the locals, it means years to be where they were before Brexit.

10 years (for example) is a long time, it's just about 10 years since the GFC.
It took 7 years to negotiate CETA.
etc

always_sunny

Conrad wrote: »

I understand the Swiss pay a 6th (proportionally) of the amount we pay the EU and that they are able to do trade deals across the world and operate a work VISA system as opposed to FOM.

Is this the case?

You understand wrong, Switzerland accept all 4 freedoms including FoM, there are no work visas or quotas. In some cantons there're rules giving local residents (not Swiss nationals, residents) priority access to the market, this was not direct to FoM but cross-border workers.

What is the problem then? The amount the UK pays into the EU or immigration from the EU?

mayonnaise

ilovehouses wrote: »

If that's the case the people of Sunderland should be very worried they might be about to reap what they sowed.

Carmakers have called on ministers to keep the UK in the EU single market and customs union for at least five years or risk permanent damage to the industry.

https://www.theguardian.com/business/2017/jun/20/carmakers-interim-brexit-eu-deal-risk-falling-off-cliff-edge-single-market-customs-union

We're going to have to make our mind up, and quickly.
Do we pander to toothless disaffected brexiteers with absolutely no stake in society....or do we put our economy first.