Brexit, The Economy and House Prices (Part 2)

TrickyTree83

kabayiri wrote: »

It's the labelling. I also think we will have a relationship with the EU.

But it will be termed something else from a Customs Union; Single Market; even FOM.

There will be something approaching an accommodation, which all parties can sell to their voters.

Sure, we may well have an agreement between ourselves and the EU, but it won't be the customs union as we know it and it won't be the single market either.

I see nothing contradictory or confusing in any of the above.

A_Medium_Size_Jock

Who remembers all the hoo-hah about Spain threatening to veto any proposed Brexit deal because of Gibraltar?
Well that looks like another one debunked:

Spain’s effective veto over whether the Brexit deal will apply to Gibraltar could be illegal under EU law and risks being overturned by the European Court of Justice, The Telegraph can reveal.

http://www.telegraph.co.uk/news/2017/08/03/spains-veto-brexit-deal-gibraltar-could-illegal/

*This article is paywalled - but you get the idea.

kabayiri

TrickyTree83 wrote: »

Sure, we may well have an agreement between ourselves and the EU, but it won't be the customs union as we know it and it won't be the single market either.

I see nothing contradictory or confusing in any of the above.

I just think its awkward positioning of both parties at the moment.

Nothing will change until the major elections are out of the way.

A_Medium_Size_Jock

Oh dear, Jean-Claude Juncker puts his foot in it yet again - this time directed at Trump!
:rotfl:

Describing the tumultuous events the last week in Washington DC as “stunning” Mr Juncker claimed the EU was “better organised” than the US.
“We are better organised than the Trump administration. That is because if there are any internal difficulties, those difficulties are fixed in a direct conversation instead of by firing people,” Mr Juncker told the Politico Europe website.

http://www.independent.co.uk/news/uk/politics/jean-claude-juncker-donald-trump-chaos-white-house-eu-politico-a7874931.html

For those who see no humour in Juncker's statement, see the following to remind you how he approaches "difficulties".
There's a nice video included so you can see for yourself.
https://www.theguardian.com/world/2017/jul/04/jean-claude-juncker-criticises-ridiculous-european-parliament

mayonnaise

I realise this chap's view on the UK economy might be somewhat misguided as he's only the Governor of the BofE, but...

Brexit uncertainty is dragging the UK economy down and people's wages with it, says Mark Carney

Oh, by the way...

Eurostat’s “flash” estimate showed on Tuesday that the eurozone’s GDP grew at twice the rate of the UK’s in the second quarter of 2017.

http://www.independent.co.uk/news/uk/politics/brexit-uncertainty-mark-carney-uk-eu-economy-future-wages-eu-single-market-customs-union-bank-a7874956.html

Matt_L

mayonnaise wrote: »

I realise this chap's view on the UK economy might be somewhat misguided as he's only the Governor of the BofE, but...

Brexit uncertainty is dragging the UK economy down and people's wages with it, says Mark Carney

Oh, by the way...

http://www.independent.co.uk/news/uk/politics/brexit-uncertainty-mark-carney-uk-eu-economy-future-wages-eu-single-market-customs-union-bank-a7874956.html

Any mention of the recession they predicted if we voted to leave??

A_Medium_Size_Jock

mayonnaise wrote: »

I realise this chap's view on the UK economy might be somewhat misguided as he's only the Governor of the BofE, but...

Brexit uncertainty is dragging the UK economy down and people's wages with it, says Mark Carney

Oh, by the way...

http://www.independent.co.uk/news/uk/politics/brexit-uncertainty-mark-carney-uk-eu-economy-future-wages-eu-single-market-customs-union-bank-a7874956.html

Central banks around the world have struggled to wean their economies off the stimulus of rock-bottom interest rates, largely because of weak wage growth for workers.

and:

Citi said a smooth exit from the EU was still the most likely outcome, so the BoE would probably raise rates from late 2019, taking them to 2 percent by the end of 2021.

http://uk.reuters.com/article/us-britain-boe-idUKKBN1AJ1I2

Not all is doom and gloom you see.
And we won't even mention the impartiality of Carney or the (in)accuracy of his past predictions.
http://www.thisismoney.co.uk/money/markets/article-3902630/Why-does-Bank-boss-Mark-Carney-getting-wrong.html

mayonnaise

A_Medium_Size_Jock wrote: »

And we won't even mention the impartiality of Carney or the (in)accuracy of his past predictions.

Quite...one wonders why we needed to get him all the way from Canada while there's such a pool of untapped talent going to waste on the MSE forums.

A_Medium_Size_Jock

mayonnaise wrote: »

Quite...one wonders why we needed to get him all the way from Canada while there's such a pool of untapped talent going to waste on the MSE forums.

Carney, chosen by Osborne and cheered by Ed Bal ls; that says it all really.

What a shame that your "great deal of untapped talent on these forums" does not manifest itself more frequently rather than -as it increasingly appears - those with near zero talent for anything other than attempting to sow discord.
:whistle:

A_Medium_Size_Jock

ilovehouses wrote: »

He's probably in on the cunning plan to draw the EU into a false sense of security.

I find that possibility much more likely than the doom-laden premonitions of many of the pro-EU pro-remain contingent within this thread at least.