Brexit, The Economy and House Prices (Part 2)

A_Medium_Size_Jock

Thrugelmir wrote: »

Far better to have a forward looking positive outlook. Than be pessimistically negative. Don't think for one moment that the EU is unified. As time passes there'll be public spats. Enough already that are simmering away on a number of topics. Migrant crisis in Italy being one that's hitting boiling point.

Indeed so as this report yesterday shows:

Rome's EU ambassador, Maurizio Massari, met EU Migration Commissioner Dimitris Avramopoulos and told him that "the situation we are facing is serious and Europe cannot turn its back", an Italian government source said.
"The idea of blocking humanitarian ships flying foreign flags from returning to Italian ports has been discussed," another Italian government source told Reuters.

http://uk.reuters.com/article/uk-europe-migrants-italy-idUKKBN19J27X?il=0

A_Medium_Size_Jock

As Thrugelmir suggests above, how about this as proof of a "united Europe"?

Bulgaria has found that food products sold by multinational companies in the country contained different ingredients to identical-brand products sold in Austria and Germany, and said it would press the European Union to tackle this "double standard".
Agriculture Minister Rumen Porozhanov told reporters after a cabinet meeting that laboratory tests had found different ingredients in seven of 31 identical-brand food items sold in Bulgaria. Experts also found that 16 of the products had been sold at higher prices in the European Union's poorest state, he said.

http://uk.reuters.com/article/uk-bulgaria-food-quality-idUKKBN19J2IT?il=0

A_Medium_Size_Jock

Or this then:

A trip to Poland by U.S. President Donald Trump next week may feel like a diplomatic coup for the right-wing government, but western European nations are uneasy it will encourage Warsaw's defiance towards Brussels.

http://uk.reuters.com/article/uk-poland-usa-trump-idUKKBN19K0FE?il=0

If the EU is as united as they keep suggesting, why the concern?

A_Medium_Size_Jock

This too:

Irish consumers could be forced to pay higher prices for everyday items if Britain's exit from the European Union leads to tariffs being imposed on goods coming into the country, a government report said on Wednesday.

http://uk.reuters.com/article/uk-britain-eu-ireland-inflation-idUKKBN19J2CF?il=0

There really is much to suggest that Conrad's POV of "One way or another trade will not be meaningfully hampered" will be the most probable outcome.

Graham_Devon

Rolls Royce safeguards 7,000 jobs in the UK, adding 200 people to it's workforce as it announces its biggest single investment in the UK for 10 years.

Rolls Royce was one of the companies widely used in the scare stories of the companies that would look to leave the UK if we voted to leave the EU.

http://www.bbc.co.uk/news/uk-england-derbyshire-40441018

A_Medium_Size_Jock

Proof today too that mortgage lending is increasing, as I have been saying for the past few days:

Mortgage lending had been rising more slowly. But Thursday's figures showed net lending increased by 3.531 billion pounds in May, its biggest rise since March 2016 and faster again than all economists' forecast. Compared with a year earlier, net mortgage lending is up 2.9 percent on a year ago.

http://uk.reuters.com/article/uk-britain-economy-idUKKBN19K0W5

A_Medium_Size_Jock

A simple web search can be very informative:

Rolls Royce threatens to move research abroad

https://www.thetimes.co.uk/article/rolls-royce-threatens-to-move-research-abroad-mgk25r96b6j

https://www.pressreader.com/uk/daily-mail/20160616/281487865633115

A_Medium_Size_Jock

ilovehouses wrote: »

I suspected as much - nobody said they were looking to move abroad.

It's peanuts and they already have R&D facilities in Germany.

Nothing to do with Brexit unless proof is still required the sky didn't fall in on 24th June 2016.

Eyesight problems?
Should have gone to Spec ............

From the links I provided:

.... a planned £65 million new engine testbed facility was a "good example" of an investment that could be put at risk.

Explicit threat that and clearly not limiting consequences as you suggest. The threat was also explicit regarding that being a consequence of Brexit:

"Rolls Royce issued an extraordinary threat over the risk of Brexit yesterday..."

Graham_Devon

ilovehouses wrote: »

Who said Rolls Royce would look to leave the UK?

Derby is the obvious place for this new investment. It's an additional test bed so they already have the infrastructure to run it in tandem and share overhead.

It's a good news story for sure but not-Brexit related.

Oh, only BMW themselves, in a letter of support to the Remain campaign. And it was used all over the media in support of remain.

http://www.independent.co.uk/news/world/europe/eu-referendum-bmw-warns-staff-at-uk-companies-owned-by-german-car-giant-of-brexit-risks-a6908676.html

The heads of six British companies owned by German car giant BMW, including Rolls-Royce and Mini, have warned thousands of staff that jobs could be affected if the UK decides to leave the European Union, according to a report.

A letter to Rolls-Royce employees, which was leaked to the Guardian newspaper, warned trade tariffs could mean “higher costs and higher prices”. As a result, the firm’s “employment base could also be affected”, chief executive Torsten Muller-Otvos wrote. Similar letters were sent to other companies.

Supporters of the EU praised the firm for its “calm and sober statement of facts”, but the Vote Leave campaign group dismissed what it described as the “personal views of chief executives”.

So just before the referendum Rolls Royce employees are receiving threat letters should the UK vote leave. A year later once we've voted to leave, Rolls secures all jobs and add's 200 to the workforce.

mayonnaise

ilovehouses wrote: »

Err that's a different Rolls-Royce

Hmmm yes....that jet engine didn't really look like something that could be fitted in a car.