Brexit, The Economy and House Prices (Part 2)

cogito

ilovehouses wrote: »

Been here before.

Post Brexit we'll have our very own tariffs which I suspect we'll find will be the same as the EU's and I also suspect as the EU change their tariffs the UK will remarkably do the same.

The UK has spent decades with these tariffs. There's no evidence that there's a huge desire to diverge much, if at all, from the EU.

I'm afraid brexit is more likely to be inflationary than deflationary when it comes to food prices.

Nor is their any evidence to the contrary.

Eric_the_half_a_bee

ilovehouses wrote: »

There's no evidence that there's a huge desire to diverge much, if at all, from the EU.

Apart from the small matter of voting to leave.

Eric_the_half_a_bee

ilovehouses wrote: »

Tariffs weren't exactly front of mind when deciding to vote leave.

The ability to make our own free trade deals was very widely publicised as a reason to vote Leave.

kabayiri

phillw wrote: »

...
Brexit is a xenophobic wet dream, all these pro Brexit reports are just feeding the delusion. They don't mean what you think they do. Sure there will be winners from Brexit, but none of those are on moneysavingexpert.com
...

There are thousands of Brits who work daily with people and companies from India, China, USA, Canada.

To these sorts, the insular ones are those obsessed with just looking at Europe.

In the world scheme of things EU-land has been declining. If you want evidence of shifting economic power, just look at which groups have been buying up expensive property in places like London and Vancouver.

Eric_the_half_a_bee

kabayiri wrote: »

To these sorts, the insular ones are those obsessed with just looking at Europe.

The EU is a protectionist trade bloc whose raison d'etre is the maintenance of trade barriers against the rest of the world.

This might have made sense in 1955; it doesn't make sense now.

cogito

The EU is advertising for candidate cities to relocate UK based agencies after Brexit. Looks like they're going to have to find new people to work for them.

http://www.telegraph.co.uk/news/2017/08/01/uk-set-poach-top-eu-talent-amid-mutiny-75-tell-brussels-dont/

Edit - it's paywalled (sorry) but you can get the drift.

GreatApe

mayonnaise wrote: »

Stop the press. Policy Exchange, a right wing think tank founded by Michael Gove says Brexit could mean cheaper food.

I think this is largely unlikely because most foods are made up of base ingredients which are extremely cheap. What we really pay for it the labor/capital to process to ingredients to food and the labor/capital to transport the food within the uk and the labor and capital to display the food in a retail store and the labor for the staff in said supermarket.

Typical cost of food is only about 5% ingredients and 95% uk labor/capital

A loaf of bread, or a packet of cereal or a sandwich or a can of soda. its all more or less 5% food 95% non food costs.

always_sunny

cogito wrote: »

The EU is advertising for candidate cities to relocate UK based agencies after Brexit. Looks like they're going to have to find new people to work for them.

http://www.telegraph.co.uk/news/2017/08/01/uk-set-poach-top-eu-talent-amid-mutiny-75-tell-brussels-dont/

Edit - it's paywalled (sorry) but you can get the drift.

Maybe the "75% of the 890 European Medicines Agency workers wanted to stay in London" would also like the UK to stay in the EU but it still does not change the fact that Brexit will happen and the agencies will move.

What would EU agency do in a non-EU country and why would the British would want a so despised EU agency on their soil?

The article, beside providing some debatable facts doesn't do anything but continue to suggest that either Brexit is daft idea or that Britain seems to believe it's a better location.

We hear similar argument about finance, that the people working in finance don't want to move and therefore the industry will stay here, reality is finance jobs will move.
There's nothing the British can do that cannot be taught and learn like [as we're often reminded] there's nothing the EU nationals do in the UK that the locals can learn to do.

cogito

Why do call call yourself always_sunny when you're as miserable as a wet afternoon in Halifax? If someone gave you a million quid, you'd be looking for the snags.

A_Medium_Size_Jock

Regarding the formation of new UK agencies as a result of Brexit, today we have this news:
"Brexit: Up to 20 new agencies to be launched outside London to takeover tasks previously done in Brussels"

Ministers say the agencies will be needed to deal with administrative tasks being moved from Brussels to the UK and will provide new careers for people living outside the capital.
The move could also save the public purse money with a lower cost of doing business, in particular around property prices, in the UK’s regions.

http://www.independent.co.uk/news/uk/politics/brexit-latest-news-government-agencies-20-outside-london-eu-brussels-leave-administrative-tasks-a7870476.html