Brexit, The Economy and House Prices (Part 2)

Conrad

mayonnaise wrote: »

UK shop sales slide unexpectedly in August, retailers' mood downbeat




http://uk.reuters.com/article/uk-britain-economy-retail-idUKKCN1B412N

RETAIL SALES 2017

FEBURARY 2017 Retail sales fall unexpectedly in January


http://www.bbc.co.uk/news/business-39002325


MARCH 2017 Retail sales bounce back as British shoppers return to the high street


http://www.telegraph.co.uk/business/2017/03/23/retail-sales-bounce-back-british-shoppers-return-high-street/




APRIL 2017 UK retail sales bounce back in April as prices fall .


Warm weather and timing of Easter may have contributed to rise


https://www.ft.com/content/a4853fd6-3ba5-11e7-821a-6027b8a20f23?mhq5j=e3



JUNE 2017 UK retail sales dive sparks biggest FTSE 250 fall since last summer


https://www.theguardian.com/business/2017/jun/15/uk-retail-sales-brexit-inflation-prices-pay-consumer-spending



JULY 2017 UK retail has biggest June sales rise for six years – survey


https://uk.reuters.com/article/uk-britain-retail-idUKKBN19R382

setmefree2

Swiss cheesemaker Emmi AG became the latest victim of Brexit, lowering its sales forecast as the pound’s weakness makes European-produced goods less competitive in the U.K.

Brexit’s Bitter Sales Taste for Maker of Onken Yogurt

• Company cuts 2017 sales forecast, sees decline of up to 1%
• Shares slump as much as 12%, erasing most of this year’s gain

The drop in sterling is cutting into revenue of the Onken yogurts that Emmi produces in Germany and A-27 desserts it makes in Italy, the company said Wednesday, adding that demand in Spain, Italy and France is also weak. The stock plunged as much as 12 percent.
“The issue is the U.K. market, where it has raised prices to offset currency weakness but local players haven’t needed to do so,” wrote Jon Cox, an analyst at Kepler Cheuvreux.

https://www.bloomberg.com/news/articles/2017-08-23/swiss-cheesemaker-emmi-warns-brexit-is-hitting-dairy-business

mayonnaise

Conrad wrote: »

Think back 18 months ago, what was my reply to Cleggs constant assertion 'we wont be able to co-operate across borders anymore'?


I said this was nonsense and we would like Australia collaborate and co-operate.


I don't know why you're laughing you fell for Project Fear nonsense about us drawing up the drawbridge and drifting off planet. Brexiteers saw through this infantile nonsense.

It's not about cooperation, nor collaboration, Conrad.

The reason I'm laughing is this bit:

The paper says Britain should be able to help write EU rules because the rules will still apply to UK businesses that want to trade with countries in the bloc

phillw

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.

No, all we needed to do was reveal that we're all racist while destroying our economy so that other countries are more attractive to live in.

Kinda like deciding on chemotherapy as a weight loss strategy. It's only really worth it if your problem is foreign people coming over here and (insert delusional thinking here).

ilovehouses wrote: »

People wanted less immigration - the government should have dealt with it years ago and we'd still be in the EU.

The government should have dealt with it by educating the people that immigration isn't the problem. But politicians know that blaming foreigners is too easy and effective, no matter how true it is. Relying on what people randomly think is not good for our long term future as what "people" want is irrational.

Conrad wrote: »

I don't know why you're laughing you fell for Project Fear nonsense about us drawing up the drawbridge and drifting off planet. Brexiteers saw through this infantile nonsense.

Project Fear is a figment of your immagination, remain never said that. They just told you what the negative outcomes of brexit will be with no real tangible benefit. If you still think it's infantile nonsense, then you're in for a rude awakening.

It is still impossible to tell whether Theresa May is trying to betray the leavers, or make our position in international trade untenable.

setmefree2

Macron wants to overhaul a system which allows "posted" workers to work in other European Union countries on contracts that need only guarantee the host country's minimum wage, and allow taxes and social charges to be paid in the home nation.
He says the system creates unfair competition in wealthier nations like France and Germany.

http://www.reuters.com/article/us-france-centraleurope-idUSKCN1B41KQ?il=0

phillw

setmefree2 wrote: »

http://www.reuters.com/article/us-france-centraleurope-idUSKCN1B41KQ?il=0

They'll probably be able to have some sensible reform now that we're not trying to game the system all the time.

Rusty_Shackleton

economic wrote: »

im still waiting for your evidence/proof.

Having had to visit A&E in the early hours I'm extremely tired, so I'm going to repeat this once more, and then i'll be ignoring any more of your boring comments.

The claim made was that only people who are dysfunctional in some way or another are those who aren't having a 'decent' life in the UK. I refute this claim. The burden of proof is on the person making the claim to provide evidence to support it, which contrary to his claims, he has not done. Saying that stats show on average we have big houses/earn enough etc. isn't evidence to support his point.

If the lack of a "decent" living in the UK was purely down to addiction/gambling.. blah blah blah, it would be an astounding finding in social research. It would be incredibly easy to produce evidence to support this claim. It doesn't exist, because the claim is fiction.

I (nor anyone else) can prove a negative. I cannot produce evidence that says "dysfunction isn't why some people in the UK dont have decent lives", that's not how research works, research looks for the positives, i.e. what DOES cause x, what prevents Y etc. There is no doubt research which looks into more sensible causes, but it's a very complicated thing to look into (e.g. what is classified as decent? social research would be looking into a specific area such income, equality, specific freedoms etc.). I would need to be framing the question then finding the research. It is eminently more sensible for the person making the claim in the first place to produce their evidence, and we discuss from there if they've got anything to support their claim.

All I'm asking for, is for anyone wanting to make such a grotesque and offensive claim, to explain where they've seen evidence of this, and produce it. If it's a personal opinion, state so, but don't portray it as fact.

Conrad

setmefree2 wrote: »

“The issue is the U.K. market, where it has raised prices to offset currency weakness but local players haven’t needed to do so,” wrote Jon Cox, an analyst at Kepler Cheuvreux.

You mean those J-Curve benefits are real after all, lol

always_sunny

cogito wrote: »

And that is hilarious because?

Because Britain is still convinced that it is the case! :rotfl:

phillw

Rusty_Shackleton wrote: »

The claim made was that only people who are dysfunctional in some way or another are those who aren't having a 'decent' life in the UK. I refute this claim.

You may just disagree what constitutes a "decent life" and "dysfunctional in some way or another".

There is a huge percentage of working poor. Some people will consider that they still have a decent life, or that their inability to earn more money (or in some cases spend less money) makes them dysfunctional in some way or another.

The extremes of drug addicts who steal and sell whatever they can to feed their habit are easy to pigeonhole, but it feels a bit more icky to judge people who are trying hard but still don't have "enough" money.

Conrad wrote: »

You mean those J-Curve benefits are real after all, lol

If you think that only trading with your self is a benefit sure.