Brexit, The Economy and House Prices (Part 2)

gfplux

This will only be of interest to train users
http://www.independent.co.uk/travel/news-and-advice/uk-rail-fares-train-tickets-brexit-price-rise-inflation-spike-london-manchester-a7893591.html

"Many rail fares will rise by 3.6 per cent from January 2018, as a result of the high rate of inflation in July this year - which has been attributed to the EU referendum vote leading to a slump in the value of the pound.

July’s Retail Price Index (RPI) is the measure by which train operators are allowed to increase “regulated” fares. Broadly, these are standard class weekly season tickets in England and Wales, most commuter fares in and around London, and off-peak returns."

mayonnaise

buglawton wrote: »

Bremoaners please look away now as the following image is liable to offend.



Source:

That image was not offensive at all. And neither is this one :



Which kind of restates the point made earlier:

another sign of the still elusive rebalancing within the UK economy a year after the Brexit vote.

Thrugelmir

always_sunny wrote: »

There's a possibility that the pound may drop even further and be at parity of below EUR.
It depends what markets the UK is eyeing - a weak pound against the EUR may mean no much if the target export market is USD or AUD.

Might make the flow of imports from continental Europe fall though. Improving the lot of domestic producers. In itself beneficial to the UK economy. Won't do much for the new car sales figures either. Though longer term this is perhaps no bad thing given the reliance on credit.

StevieJ

ilovehouses wrote: »

I don't trust them. Not one bit. The brexit negotiations are a proxy Tory leadership battle and that trumps doing the 'right thing'. What's worse is that there's no credible alternative. The worst politicians at the very time we need the best.

Rees-Mogg's leadership campaign is quite fun though. Even the Telegraph are struggling and are trying to make out he's a man of the people because he included the nanny in a family photo. For Labour he's got to be the dream ticket.

He does appeal to the populace in a sort of BJ sort of way, almost like a caricature of a Tory Toff.

buglawton

mayonnaise wrote: »

That image was not offensive at all. And neither is this one :



Which kind of restates the point made earlier:

The U.K. has had an issue with its trade balance for donkeys years. Nowt to do with Brexit.
But agreed, let's change the subject away from exports.

CKhalvashi

gfplux wrote: »

Here is the first of (many we are promised)
The Temporary customs arrangements.
All 16 glorious pages, a bit too complicated to understand on the beach.
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/637748/Future_customs_arrangements_-_a_future_partnership_paper.pdf

Looking forward to the early responses from the EU side, if any.

Today's Position Paper from our government brings earth shattering news:
"The EU is the UK's largest trading partner."

How long did it take them to work that out?

Oh, and they forgot about Gibraltar.

Rinoa

CKhalvashi wrote: »

Today's Position Paper from our government brings earth shattering news:
"The EU is the UK's largest trading partner."

How long did it take them to work that out?

Oh, and they forgot about Gibraltar.

If they hadn't acknowledged EU trade you'd probably have suggested they had no grasp of reality.

No reason to mention Gibralter, but if they had made clear their determination to keep it British you'd have made a scathing attack on their 'Little Englander' mentality re-living a colonial past.

Easy to see why you're called remoaners.

always_sunny

Thrugelmir wrote: »

Might make the flow of imports from continental Europe fall though. Improving the lot of domestic producers. In itself beneficial to the UK economy. Won't do much for the new car sales figures either. Though longer term this is perhaps no bad thing given the reliance on credit.

Maybe, the difficult bit might be convincing the population that things will be tough for a while, as in really tough.

Remember the financial crisis was less than 10 years ago, so after that decade, Brexi pops it again. It's a long time to endure, but at least there is pretty much the same sovereignty that was there before. Brexit will power ahead, whether it'll achieve anything it can only be seen.

mrginge

always_sunny wrote: »

Maybe, the difficult bit might be convincing the population that things will be tough for a while, as in really tough.

Gideon told us we'd all be massively poorer despite the fact that he also continued to forecast economic growth.

So in your opinion, how tough is really tough?

kabayiri

ilovehouses wrote: »

I don't trust them. Not one bit. The brexit negotiations are a proxy Tory leadership battle and that trumps doing the 'right thing'. What's worse is that there's no credible alternative. The worst politicians at the very time we need the best.
...

You don't get a choice now.

If you wanted to halt Brexit you needed to vote LibDem. The opportunity was there, for all voters.

But you didn't. Support for anti-Brexit parties like SNP/LibDem was frankly weak.