Brexit, The Economy and House Prices (Part 2)

gfplux

Warning this post is Brexit related.

Bloomberg are trailing the announcement by Britain next week.
They say in the Brexit email
"On Monday the government plans to release two documents. One is on how it will treat confidential EU information obtained before Brexit, and the other is on how goods placed into supply chains in the EU single market before the U.K.’s departure can still be made available afterward.
Further reports being lined up relate to civil and commercial contracts in force before the U.K.’s exit; and one on how the Brexit deal will be enforced, with details on how any disputes will be resolved.
The EU welcomed the publication of this week’s U.K.’s position papers, but said it was focused on making progress on the issues of “separation,” including Britain’s residual financial obligations and the Irish border. There is mounting speculation such discussions will now not take place until December, limiting the time available to talk trade."

gfplux

Thrugelmir wrote: »

Brussels not unsurprisingly objected to Camerons proposals and they were watered down.

Warning Brexit related post.

Watered down and then NEVER implemented.

Rusty_Shackleton

bobbymotors wrote: »

Exactly.

Its nothing to do with brexit. I have been in that trade (quite successfully) and I will put £50 to £5 that they have lost a major customer and that has killed their cash flow.

Supermarkets are ruthless and impossible to supply at a decent profit.

They will return a consignment for any spurious reason if they have too much of something
They will deduct substantial amounts from payable invoices for being 5 minutes late (eg) with a delivery

Earlier in the year iceberg, tomatoes, cucumbers, peppers, were in very short supply due to bad weather in spain. However if they were contracted to supply say 5000 bags of salad a week to Tescos at 59p a bag it may well have been costing them 80p to produce it.

Do Tesco care? Not a bit.

Brexit is nothing to do with the demise of this company.

Correct me if im wrong, but didnt the company themselves say it was down to brexit? Debate about cause of exchange rate fluctuation and hedging aside, suppliers treated badly by supermarkets (and you're absolutely right, theres no shortage of them), tend to be keen to make that known. Why would they blame Brexit if they had a grievance with a supermarket they could air instead?

So why exactly should we be taking your word for it over the owners, who evidently have as much experience as you say you do?!

Rusty_Shackleton

GreatApe wrote: »

It clearly says at the top median weekly earnings. Click on any area of the UK and it will tell you the median for that area. It also allows you to pick men or women or fill time or part time

Haven another look at the ones link. Add about 5% to go from 2015 data to today

I had a look at the link, and indeed, had a look at some areas out of curiosity. But nowhere could i see overall data for the UK, and were not discussing about individual areas are we... The graph I posted however, slightly more relevant!

gfplux

cogito wrote: »

Here's an interesting article from the Excess about relocation of EU agencies from London and the treatment handed out to employees who declined to move to Budapest.

http://www.express.co.uk/news/politics/842838/Brexit-news-EU-warned-removing-agencies-Britain-UK

The employees sued for wrongful dismissal and lost. Now anyone who knows anything about UK Employment Law will know that if your employer tries to force you to relocate outside a reasonable commuting distance from your home, you will be deemed to have been dismissed and receive compensation.

We've heard so much about the ECJ affording better protection to citizens than UK law but it seems that it isn't true after all, at least when it comes to their own employees.

Shocking.

There is a thread for complaining about the EU.

gfplux

always_sunny wrote: »

There is nothing shocking. EU agencies will not stay on a non-EU country.
Period.

(The change is circumstances has nothing to do with the EU, perhaps the UK should compensate these employees given that the UK decided to leave.)

Warning Brexit related post.

You are quite right. I believe this is a (small) part of the financial settlement.

gfplux

Thrugelmir wrote: »

I doubt for a minute that particular point is at issue. Though there has to be a cut-off point at which eligibility commences.



Great value by visiting the UK currently.

Yes cheap devalued currency but not so much sun on the beach.

gfplux

bobbymotors wrote: »

Exactly.

Its nothing to do with brexit. I have been in that trade (quite successfully) and I will put £50 to £5 that they have lost a major customer and that has killed their cash flow.

Supermarkets are ruthless and impossible to supply at a decent profit.

They will return a consignment for any spurious reason if they have too much of something
They will deduct substantial amounts from payable invoices for being 5 minutes late (eg) with a delivery

Earlier in the year iceberg, tomatoes, cucumbers, peppers, were in very short supply due to bad weather in spain. However if they were contracted to supply say 5000 bags of salad a week to Tescos at 59p a bag it may well have been costing them 80p to produce it.

Do Tesco care? Not a bit.

Brexit is nothing to do with the demise of this company.

All the people lost their jobs because of Brexit.
In the Company's statement they said the closure was Brexit related.
You may know "the" business but you did not "know" their business.

GreatApe

Rusty_Shackleton wrote: »

There is of course some truth that in ways, older generations had it harder than younger - i'm 27 so firmly a millennial (god I hate that term), I don't think for a second that things were easier at all for lots of groups in society (LGTB, ethnic minorities, those with disabilities), and in some regards things were harder for everyone.

However, there is an expectation of continuous progress, that your children will have it better than you did. By your logic, it's worth bearing in mind that the baby boomers in particular had it exceptionally good compared to their parents and grandparents generations.

What I, and many people, are angry about is that our parents' generations are thoroughly pulling up the ladders behind them. You might argue that this is pragmatism, e.g. tuition fees because HE would be otherwise unaffordable for this many students. But then we're blamed for finding things difficult that our parents didn't (through our parents' generations political decisions), and for it we're called lazy, and that we expect the world handed to us on a plate.

Can you give some examples of where you think your generation had it worse than mine? I mean I can't imagine how something like "kids today have the internet" as being a good one... better healthcare and dental, I'd agree with that, but I'm struggling to see around education, jobs and economic security how my generation haven't been bent over a barrel.

I am in your generation early 30s myself
How do we have it better than our parents?

1. This is the huge one, we will inherit all their savings and assets or have them gifted to us early

My grandparents got nothing from their parents. The reason is like many in their generation they were truly poor or even those that were not poor it was normal to have 6-10 kids so gifting and Inheritences for those much fewer people able to get them were spread thin. My parents got some help from my grand parents but it wasn't much it was certainly better than nothing. I will receive a lot from my parents and my children will receive even more from me.

Inheritences and gifting is almost never considered when in fact it is a huge part of the economy. Some £200 billion annually in the UK alone. Most UK born kids will inherit free housing

2. Technology medicine internet electricity.

My grandparents didn't have electricity until the 1960s. No TV no fridge no washing machine no kettle not even a radio no easy hot water for bathing. You really can't imagine life like that you think maybe you can but it you can't. Electricity was not common before 1950 and those who did have it only really could use it for lighting and radio and sometimes for heating.

3. Leisure time thanks to both much easier jobs and fewer hours. How much of today did you spend working and how Mich of today did you spend chatting to us on the internet? Maybe people only really work 5-10h a week now and on their backsides browsing the internet.

4. The necessities of life especially food is so much cheaper now almost to the point of being free. You can buy 10 loafs of bread for 1 hours min wage. Just look at height for an indication of nutritional intake. I'm taller than my parents they were taller than theirs etc. Food really was a huge cost and burden now it isn't at all

5. Crime is lower and often less serious.

6. No conscription or mass deaths during war

7. Much better healthcare both knowledge and availably. When I say this the lefties sot up and say ahhh the NHS we foingjt for. That is of course BS it wasn't about just demanding it or why wasn't it demanded decades or centuries earlier. It was about getting to a cerrtaib point economically where it made sense. Same applies to the USA much better healthcare today than 50 years ago.

8. Information and entertainment is free

9.increasing life expectancy both the higher number and being heathy longer

10. Better families

bobbymotors

Related to the above:

I will as stated put £50 to £5 that they have lost a major customer or something very similar.

Thy are blaming Brexit because its easy to do so....far easier than saying 'we ran our business badly'