Brexit, The Economy and House Prices (Part 2)

Conrad

Top News | Fri Jul 7, 2017

UK retail has biggest June sales rise for six years

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

Conrad

andrewf75 wrote: »

There is clearly a big age divide on the EU, but there is no evidence to suggest that people’s views change as they age. It is a generational thing. I doubt the average older leave voter was pro-EU in their younger years.

Huh? So who voted to joint the CM then, ghosts?

mayonnaise

Conrad wrote: »

Top News | Fri Jul 7, 2017

UK retail has biggest June sales rise for six years

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

Already posted.

http://forums.moneysavingexpert.com/showpost.php?p=72804070&postcount=877

Please let's not clutter the thread with duplicate posts. Thanks.

andrewf75

Conrad wrote: »

Huh? So who voted to joint the CM then, ghosts?

Thats a fair point

A_Medium_Size_Jock

Just for those who think the UK does nothing but sell off assets, what do you say to France proposing a huge sell-off?

France will sell 10 billion euros ($11.40 billion) worth of state assets to finance projects geared towards innovation, a finance ministry source said on Friday.

http://uk.reuters.com/article/us-france-politics-assets-idUKKBN19S1W1

Thrugelmir

ilovehouses wrote: »

PWC didn't manage to spot the BT accounting scandal and signed off the accounts.

This is Italy we are talking about. Nothing should surprise one. If you remember Maxwell. He operated some 170 or so subsidiary companies across the globe. Using different year ends his Treasury team stayed literally one day ahead of the auditors. Constantly tinkering to give the appearance of solvency. While in reality covering up a big black hole. Even BT had to employ forensic accountants to get to the bottom of the issue. Such was the complexity of the fiddle.

Thrugelmir

andrewf75 wrote: »

I doubt the average older leave voter was pro-EU in their younger years.

I was pro. The UK was in a dark place back then. The Berlin Wall divided Europe. Franco ruled Spain. The UK housed nuclear missiles pointing at the USSR. I never foresaw the political implications of agreeing to a free trade area.

Now everything is in reverse. Trade is the last topic on the agenda. Politics comes first.

Rinoa

No backtracking. No staying in single market or customs union after March 2019.

Brexit really does mean Brexit.

FT Reporting:

Senior ministers have rejected calls by British business leaders for the UK to stay in the EU customs union and single market for a lengthy period after Brexit, raising fears of a bumpy transition to a new trading relationship with Europe.

The CBI employers body raised the stakes on Thursday by proposing that Britain stay inside the EU’s internal market and its trading bloc until a new trade deal between London and Brussels was put “in force” — a process which could take many years and even last beyond a 2022 election.

But Philip Hammond, the chancellor, said on Friday that any transitional deal would not involve Britain remaining a member of either the customs union or single market, even though the government would do all it could to minimise “the shock” to business.

At the same time, Brexit secretary David Davis, meeting chief executives and business groups at Chevening House in Kent, dismissed the idea of Britain enjoying a transition deal that would leave it temporarily like Norway, which is not an EU member but is inside its economic and trading blocs.

According to attendees, Mr Davis told business leaders there would be a political backlash if it looked like Britain had not really left the EU and was engaged in an open-ended transition that continued current economic arrangements.

Rinoa

mayonnaise wrote: »

Already posted.

http://forums.moneysavingexpert.com/showpost.php?p=72804070&postcount=877

Please let's not clutter the thread with duplicate posts. Thanks.

Still, best for 6 years eh? :beer:

A_Medium_Size_Jock

From the G20 and Trump's meeting with May today:

"We're working on a trade deal which will be a very, very big deal, a very powerful deal, great for both countries," Trump told reporters as he met with May on the sidelines of the G20.
"I think we'll have that done very, very quickly," Trump said.

http://uk.reuters.com/article/uk-g20-germany-trump-may-idUKKBN19T083

I have hinted before that Tump is in favour of showing the EU that they are not as all-powerful as they would like to think they are as seen with Nato, steel imports etc. etc.

If the EU persist in attempting to prove some imagined superiority as with the as-yet unfinalized EU/Japan trade deal; a combined EU army; and the overtly threatening tones towards the UK regarding Brexit being just a few examples, there is a very good chance that USA opposition by forming alliances with other like-minded and influential nations will result.

A mutually-beneficial quick agreement between two major powers would certainly make the EU's lengthy bureaucratic processes appear less attractive to future prospects.