Brexit, The Economy and House Prices (Part 2)

setmefree2

A_Medium_Size_Jock wrote: »

I really don't think most people care whether their cabbage-picker is Lithuanian or Bangladeshi TBH; do you?

No - but here in London people really do love their "East European" nannies and cleaners. I honestly sat in a restaurant the night after Brexit and one person said "who's going to clean my house?" to which another responded "who's going to clean our streets?". And they were deadly serious and really sad. It was like the last days of the Raj.

I'm guessing all these people voted Labour in the last election :rotfl:

It's why they are all pro - immigration. You might think it's because they like a multi-cultural environment. No - it's because they like East European "Help".

London's Liberal elites make me laugh tbh.

setmefree2

Thrugelmir wrote: »

Controlling immigration is a necessity. Last year the UK population increased by a City the size of Bradford. Simply unsustainable in the longer term. For a whole variety of reasons.

Indeed.

The population of the UK has increased by just over five million in 11 years - previously it took 35 years, from 1970 to 2005, to make the same leap.

Nuts tbh. Particularly in a country that seems incapable of building homes.

setmefree2

“A lot of people say that free trade agreements are incredibly difficult to do as it took the European Union seven years to negotiate CETA - the trade agreement with Canada - and these are complex matters and it will take Britain years and years to negotiate these things. “I just say to you - that depends. That depends what you want to protect, what carve outs you want from trade agreements. In the last 12 years Australia has negotiated 8 free trade agreements in the last 12 years.

“We’ve negotiated a free trade agreement with the United States in 2005/6.

“That took us 15 months to negotiate with the United States. Why? Because basically we just wanted - the leaders of our countries decided - to open up free trade.

http://www.huffingtonpost.co.uk/entry/uk-brexit-tariffs-brexit-australia_uk_5952d0cce4b0da2c731f6bc5

setmefree2

A_Medium_Size_Jock wrote: »

House prices rise again:

http://news.sky.com/story/house-prices-bounce-back-despite-brexit-uncertainty-10929552

But not in London.

London house price growth hits five-year low

London house price are now rising at the slowest rate since 2012, says Nationwide.
This chart shows how house prices in the UK capital have come off the boil, having outpaced the rest of the country for several years.

https://www.theguardian.com/business/live/2017/jun/28/bank-of-england-interest-rates-house-prices-pound-euro-ftse-business-live?page=with:block-59535adbe4b0755f0e74142f#block-59535adbe4b0755f0e74142f

“London saw a particularly marked slowdown, with annual price growth moderating to just 1.2% -the second slowest pace of the 13 UK regions and the weakest pace of growth in the capital since 2012"

http://www.nationwide.co.uk/~/media/MainSite/documents/about/house-price-index/2017/Jun_Q2_2017.pdf

setmefree2

Many places

Pound spikes after Mark Carney says higher interest rates likely to become 'necessary'

Conrad

ilovehouses wrote: »

Presumably you'd wish to ensure the migrant had a real job to go to? Would you only issue visas for specific industries? Who decides the criteria for need? Who makes sure they leave when the placement is finished? Does the employer need to go through an approval? Does the migrant? Is any of this free?


.

How do other civilised well respected independent nations manage?


Do you hear these nations are collapsing through inability to manage themselves?

A_Medium_Size_Jock

ilovehouses wrote: »

Presumably you'd wish to ensure the migrant had a real job to go to? Would you only issue visas for specific industries? Who decides the criteria for need? Who makes sure they leave when the placement is finished? Does the employer need to go through an approval? Does the migrant? Is any of this free?
What I wish for is irrelevant; we have an elected government for such decision-making.



There's no suggestion a million EU migrants are thinking of upping sticks and leaving en-masse to become unemployed in the Eurozone.
We are in agreement there then.

By co-incidence a million less people are unemployed in the Eurozone compared to 12 months ago so jobs are being created.

Responses highlighted in red above.
Regarding your last paragraph; a million less may well be currently unemployed within the Eurozone and commendation may be deserved for that. One million from an overall population of over 338 million though and rates generally remain above that of the UK.
http://ec.europa.eu/eurostat/statistics-explained/index.php/File:Unemployment_rates,_seasonally_adjusted,_April_2017_(%25)_F2.png
This despite the UK's rate of population growth being well above that of the Eurozone.
UK 0.8% population growth in 2016; Eurozone 0.29% in 2015 - so almost three times faster population growth than the Eurozone.
https://www.ons.gov.uk/peoplepopulationandcommunity/populationandmigration/populationestimates/bulletins/annualmidyearpopulationestimates/latest

https://tradingeconomics.com/euro-area/population-growth-annual-percent-wb-data.html

It therefore is statistically correct that those thinking of leaving will still not find it as easy to find a job within the EU as here, where presumably they already have a job.
So logically, why move?

setmefree2

EU Willing to Soften Brexit Position Over Court’s Role, Officials Say

The European Union is willing to give ground on its demand that its judges protect the future rights of EU citizens in the U.K., according to three EU officials, potentially eliminating a major obstruction to progress in the Brexit negotiations.
In what would be a significant concession to the U.K., the EU could settle for alternatives to its original position that the European Court of Justice must be the ultimate arbiter. That would put the onus back in the U.K. to increase the level of protection it’s offering, which the EU says is below existing rights.

https://www.bloomberg.com/news/articles/2017-06-28/eu-said-willing-to-soften-brexit-position-over-court-s-role

A_Medium_Size_Jock

setmefree2 wrote: »

But not in London.

If that is correct then surely that means house prices outside London are (for once) increasing faster than London?
Whoopee!
But how many years will it take now for houses outside London to catch up; when will my houses be worth the same is those within the M25?

On a more serious note, does it mean houses are getting more affordable for Londoners?
I think we're quite a way from that for many.

setmefree2

EU considers new taxes as it scratches its head over the budget funding shortfall from Brexit

The UK was the second largest net contributor to the EU budget in 2015, providing £12bn.

The report suggests that the new funding could come from common energy or environmental taxes, which would be applied to make sure there is a "level playing field" for companies contributing to fight climate change.
Alternatively, the common corporate tax base or financial transaction taxes could be used to plug the hole left behind by Brexit.
The Commission also suggested that money generated from EU policies could be used to contribute to the EU budget. These might include revenues from auctions under the EU's emissions trading scheme, or fees collected from the tourists through the EU visa system.
"The withdrawal of the United Kingdom will signify the loss of an important partner and contributor to the financing of EU policies and programmes," the report said.

http://www.cityam.com/267504/eu-considers-new-taxes-scratches-its-head-over-budget


I still can't believe they were dumb enough to let us walk.....