Brexit, The Economy and House Prices (Part 2)

Jon_B_2

The consequences will be what the consequences will be. The BoE have not done the country any favours keeping interest rates so low for so long.

It's just dragging out the 2007 financial crisis...

kabayiri

Well, net migration to the UK is down.

Whether you agree with it or not, it does seem that Brexit is having one of the effects many people desired.

One of those people, btw, included a certain David Cameron, who made repeated promises to get net migration down.

It's funny how he is achieving his target in absentia.

Conrad

A vaguely positive view from the Guardian would you believe;




Guardian Brexit watch
Brexit economy: outlook positive but rocky negotiations could bring instability

https://www.theguardian.com/business/2017/aug/23/brexit-economy-guardian-eu-exit-talks

Conrad

economic wrote: »

also not a lot of people like to talk about it but very low IQ can hurt your income, but even then its possible to live a decent life. but generally iq is (highly) positively correlated to income.

Throughout my working life I've dealt with many a low academic achiever that has done well financially, they are absolutely everywhere and many are self employed so their incomes appear lower than the reality (millions of these took self-cert mortgages out for good reason, their real income does not reflect that on the tax return).

Conrad

Jon_B wrote: »

I've seen many smaller businesses already go out of business since brexit.

New start-ups statistics show near record levels.


Through my work I see plenty of people with booming business's.


If one relies on cheap importing as a model I would suggest a re-think

always_sunny

kabayiri wrote: »

Well, net migration to the UK is down.
Whether you agree with it or not, it does seem that Brexit is having one of the effects many people desired.

It is possibly the tip of the iceberg, it will continue to fall especially if the currency will continue to weaken and the environment becomes hostile.
The question is still the same though, whether the effect many people desired is going to be good for the country.
(Realistically, there is only one way to find out now, so whether it's going to be good or bad, we shall see.)

economic

Conrad wrote: »

Throughout my working life I've dealt with many a low academic achiever that has done well financially, they are absolutely everywhere and many are self employed so their incomes appear lower than the reality (millions of these took self-cert mortgages out for good reason, their real income does not reflect that on the tax return).

lower academic achievement does not necessarily mean lower iq. e.g. theres no link at all between dyslexia and IQ.

Thrugelmir

Jon_B wrote: »

The consequences will be what the consequences will be. The BoE have not done the country any favours keeping interest rates so low for so long.

It's just dragging out the 2007 financial crisis...

The Financial Crisis was never going to be solved overnight. That fact was determined many moons ago. The BoE has employed other measures than interest rates to stabilise the financial markets. Some currently still in place.

Given the US crisis started 2 years earlier and is ahead of the curve. Little chance of any immediate seismic change in policy. Though no one knows what the consequences will be once reversal of monetary policy is fully underway.

economic

ilovehouses wrote: »

The point to note (as some my have mentioned) is this provides proof that we didn't need to leave the EU to reduce net migration.

Twas a leave lie.

its funny, many would have voted leave due to migration. i voted to leave because we should simply be independent from an EU that is undemocratic.

kabayiri

always_sunny wrote: »

..
The question is still the same though, whether the effect many people desired is going to be good for the country.
...

It is our choice, as a society, as to whether we make people fill in the work gaps or not.

An example. One of the biggest complaints from the Work Program, which people cited as a barrier to work, was actually high commuting costs, and in some places commuting difficulty.

We can choose whether to help people out with these costs, or not.

If we decide to accept whole families where nobody has worked for a long time, then you set in a pattern of low ambition for their offspring. Estates full of people like this are very expensive on the state in other ways.

We can also import temporary labour, just like they do in other parts of the world. It's a choice thing.