Brexit, The Economy and House Prices (Part 2)

setmefree2

Meanwhile across the Atlantic the Nafta nations act with speed and urgency in contrast to the EU.

Nafta Nations Say Quick Deal on Table as Inaugural Talks End

https://www.bloomberg.com/news/articles/2017-08-20/nafta-nations-say-quick-deal-on-table-after-first-round-of-talks

What have the EU been doing for a year?

always_sunny

setmefree2 wrote: »

Meanwhile across the Atlantic the Nafta nations act with speed and urgency in contrast to the EU.

https://www.bloomberg.com/news/articles/2017-08-20/nafta-nations-say-quick-deal-on-table-after-first-round-of-talks

What have the EU been doing for a year?

The UK can join Nafta in less than 2 years if it's better.
Why always moaning about what the EU is doing or not doing? Will it stop in 2019? Can only hope.

Conrad

always_sunny wrote: »

Why always moaning about what the EU is doing or not doing?

It concerns some of us that the EU has an appalling trade deal delivery in terms of value. A key reason is to extract ourselves from the talking shop mentality where things happen at glacial speed.

setmefree2

Brexit Britain can drive the world towards freer trade, and with it peace and prosperity

• Crawford Falconer Chief Trade Negotiation Adviser at the Department for International Trade

Setting up a new Department for International Trade just over a year ago is testament to how deeply committed the UK is to harnessing the huge economic benefits of free trade. It marks the UK government’s clear intent to take advantage of the wealth of opportunities for growing our trade relationships around the world. For the first time in over 40 years we will be able to shape the UK’s own trade policy and take advantage of the forecast 90 per cent of global trade that will be conducted outside of the EU over the next 20 years.
And it’s precisely why my role was created at the department. As the chief trade negotiation adviser, it will be my job to develop a world-class trade negotiation team that will bolster our expertise and work with ministers to negotiate trade agreements that benefit the whole of the UK.

http://www.telegraph.co.uk/news/2017/08/20/brexit-britain-can-drive-world-towards-freer-trade-peace-prosperity/

setmefree2

Today's position papers summary

• To ensure goods placed on the market before exit day can continue to be sold in the UK and EU without any additional requirements or restrictions.
• To avoid unnecessary duplication of compliance activities that have been undertaken by businesses prior to exit. This means where products have gone through an authorisation process prior to exit, for example a type approval for a car, this approval should remain valid in both markets after exit.
• To ensure patient safety and consumer protection in the EU27 and UK are maintained by agreeing continued oversight of products to ensure the necessary action can be taken for non-compliant or unsafe goods.
• Where goods are supplied with services, to ensure there is no restriction to the provision of these services.

The second paper, regarding confidentiality and access to documents, noted a reciprocal framework must be established to maintain current standards.

http://www.cityam.com/270597/brexit-position-papers-revealed-heres-david-davis-co

always_sunny

Conrad wrote: »

It concerns some of us that the EU has an appalling trade deal delivery in terms of value. A key reason is to extract ourselves from the talking shop mentality where things happen at glacial speed.

Who cares what you're concerned with. 585 Days and you're out of it.

setmefree2

Conrad wrote: »

It concerns some of us that the EU has an appalling trade deal delivery in terms of value. A key reason is to extract ourselves from the talking shop mentality where things happen at glacial speed.

And it is becoming clear that the lumbering, indecisive EU bureaucrats have no more idea how to deal with departing Britain than it has of solving the problem of mass illegal immigration.....

setmefree2

Asking prices for homes in the UK fell by 0.9pc in August in their biggest month-on-month drop of the year, according to the latest Rightmove figures. On an annual basis, the gain in house prices picked up pace in August, accelerating slightly to 3.1pc.
The figures showed that the national housing market, which has softened in the past year due to tax changes, Brexit, political uncertainty and a consumer spending squeeze, is holding up better than the market in London.

http://www.telegraph.co.uk/business/2017/08/21/average-uk-house-price-falls-09pc-august/

Sapphire

setmefree2 wrote: »

And it is becoming clear that the lumbering, indecisive EU bureaucrats have no more idea how to deal with departing Britain than it has of solving the problem of mass illegal immigration.....

Thanks for all the useful info, setmefree. Much appreciated.

It's not just that they are lumbering and indecisive (unelected) bureaucrats – it is impossible for them to negotiate because there are so many widely differing nations, each with its own interests, involved (27). The Barnier fellow doesn't really have a mandate to 'negotiate'.

They couldn't agree on details for a hundred years, let alone between now and the time we leave. All they could agree on collectively would be on things like the oft-quoted 'Britain must be punished', which is absurd, not to mention very bad, antagonistic diplomacy.

setmefree2

Sapphire wrote: »

Thanks for all the useful info, setmefree. Much appreciated.

It's not just that they are lumbering and indecisive (unelected) bureaucrats – it is impossible for them to negotiate because there are so many widely differing nations, each with its own interests, involved (27). The Barnier fellow doesn't really have a mandate to 'negotiate'.

They couldn't agree on details for a hundred years, let alone between now and the time we leave. All they could agree on collectively would be on things like the oft-quoted 'Britain must be punished', which is absurd, not to mention very bad, antagonistic diplomacy.

It would be great to see some useful information come out of the EU - some sort of grown up conversation really needs to happen - they seem to have their heads buried in the sand....you get the impression they have spent the last year just dreaming up bigger and bigger amounts that they can screw out of us....