Brexit, The Economy and House Prices (Part 2)

Herzlos

gfplux wrote: »

While I am strongly against Brexit and hope that in the end it won't happen Britain should worry about the lost opportunity cost.
The British Parliament plus 100's and perhaps 1000's of civil servants are going to spend the next 21 months doing virtually nothing else but Brexit.
While unquantifiable the lost opportunity cost will be high.

Yeah that's what annoys me the most. What useful stuff could we have done if we weren't wasting to much time on that?

Or are we better keeping the civil servants out of the way doing busy work and letting everyone just get on with stuff?

gfplux

vivatifosi wrote: »

The core EU institutions are held in just a handful of countries, with the likes of Belgium and Luxembourg having by far more than their fair share of jobs. EU agency jobs tend to be more spread.

I would hope that the under represented countries with a reasonable sized sector in the field would draw the institutions. Medicines to Italy, Spain or Sweden say. Banking to a vibrant city that people want to move to, e.g. Barcelona.

Like all clubs big or small the founders tend to divi up the spoils and do their best to hold on to them.
Natural justis (when did that ever apply to Britain or the EU) would say these two huge prizes will not go to the usual suspects. It will be interesting to see.
Britain should be that lucky to have this problem.

gfplux

Mrs Maybot will travel to Brussels today.
This is from the Times weekly Brexit email today.

"Theresa May will not be looking forward to tonight's petit-fours.

Over coffee and biscuits at the European Council summit dinner, the prime minister will be invited by Donald Tusk to explain how her election result will affect Brexit negotiations.
But Mrs May's turn will not only be an opportunity for EU leaders to turn the screw. The prime minister will for the first time reveal the government's approach to the status of European nationals in Britain after Brexit.
At present we only know what the government wants in the vaguest terms: a deal which secures the status of British expats in the EU 27 countries on a reciprocal basis.
But that simple idea masks complex decisions - for example on access to pensions, healthcare and benefits.
The government will also have to set a cut-off date for when the new immigration regime begins to apply to EU nationals. EU leaders have already kiboshed the idea of drawing the line at all EU nationals coming to Britain after March 29 2017, the day Mrs May triggered Article 50.
However, ministers want to ensure that Europeans can't come to Britain in advance of the cut-off date to win special residency rights."


This is a BIG DEAL for SKILLED Europeans working in the U.K. I suspect but have no way of knowing that a less than positive proposal from Maybot might tip more workers to plan their departure or perhaps pressure their employers to relocate their jobs.

A_Medium_Size_Jock

Meanwhile Uk factory orders hit their highest in nearly 30 years!

The CBI said its factory order book balance jumped to +16 in June, its highest level since 1988. Economists taking part in a Reuters poll had expected a weaker reading of +7 compared with +9 in May.

http://uk.reuters.com/article/uk-europe-migrants-eu-summit-idUKKBN19D1BW

A_Medium_Size_Jock

Migration, and are the EU still kicking the proverbial can?

European Union leaders meeting in Brussels will try to gloss over their feud about who takes in refugees, a change of tactic that some diplomats have linked to Germany's election in September.

http://uk.reuters.com/article/uk-europe-migrants-eu-summit-idUKKBN19D1BW

always_sunny

A_Medium_Size_Jock wrote: »

Meanwhile Uk factory orders hit their highest in nearly 30 years!

http://uk.reuters.com/article/uk-europe-migrants-eu-summit-idUKKBN19D1BW

Didn't take you long to post that! Finally more people in the UK can now aspire to be a factory worker! That'll teach 'hem :rotfl:

mayonnaise

ilovehouses wrote: »

http://www.bbc.co.uk/news/business-40354331



The fall in Sterling has meant we're asking migrants to do jobs Brits don't fancy and take a pay cut for doing it. At the same time unemployment in the Eurozone has hit an 8 year low



Interesting times ahead.

The Conrad Doctrine says that our local disenfranchised brexit voting unemployed (previously pushed out of the job market by these migrants) will fill these roles now. Let's wait and see.

kabayiri

Just 6% of those with learning difficulties are employed.

Contrary to expectation, these people actually take pride from low skilled work like cleaning up at your local fast food restaurant.

They should now be given a chance, with support from the state.

kabayiri

A_Medium_Size_Jock wrote: »

Meanwhile Uk factory orders hit their highest in nearly 30 years!

http://uk.reuters.com/article/uk-europe-migrants-eu-summit-idUKKBN19D1BW

Did you see the program about Poundland last night?

Now, here's a company which is directly in the firing line, from Brexit issues and the fall in the value of the pound.

They could of course stand around bleating about it's just not fair.

Instead, they have had to look at getting replacements for things like After Eights and Toblerones made right here in the UK.

Sometimes, it takes a challenge for people to step up.

A_Medium_Size_Jock

Brexit possibilities:

"Hard Brexit" 70%
"Soft Brexit" 15%
"Cliff Edge" 10%

http://www.marketwatch.com/story/brexit-one-year-after-vote-here-are-the-5-possible-scenarios-for-the-eu-divorce-2017-06-20