Brexit, The Economy and House Prices (Part 2)

Herzlos

A_Medium_Size_Jock wrote: »

Oh so you must instead have meant that our compliance with EU standards would cease the moment we leave the EU?

You're really stretching it.

Britain can't suddenly save money by reducing regulations, because we'd need to keep EU compliance to export to the EU, except in a few edge cases where we can drop EU exports. Plus, we're on the hook for complying with any future EU regulations with precisely zero say in the regulating.

Is any of that incorrect or biased?

Thrugelmir

Conrad wrote: »

12 months of booming FTSE 250 and FTSE100, not a peep from Remoaners.


Watch how they cite any falls as evidence of Brexit harm.


You just can't reason with this

On this point I disagree. Adjust the indexes for the currency exchange movement. Then the picture looks far different. Actual trading profitability is not increasing very fast. You could say it's sluggish. Suggesting future returns may be far lower at the current time. (Nor is sluggish profitability anything to with Brexit!). Choosing the right stocks may be key.

Thrugelmir

Herzlos wrote: »

You're really stretching it.

Britain can't suddenly save money by reducing regulations, because we'd need to keep EU compliance to export to the EU, except in a few edge cases where we can drop EU exports. Plus, we're on the hook for complying with any future EU regulations with precisely zero say in the regulating.

Is any of that incorrect or biased?

Which regulations in particular are you thinking of?

A_Medium_Size_Jock

Herzlos wrote: »

You're really stretching it.

Britain can't suddenly save money by reducing regulations, because we'd need to keep EU compliance to export to the EU, except in a few edge cases where we can drop EU exports. Plus, we're on the hook for complying with any future EU regulations with precisely zero say in the regulating.

Is any of that incorrect or biased?

Is desperation creeping in; I am stretching nothing, read the OP.

ilovehouses wrote: »

We collectively decided we didn't want to sit at the table anymore so that's that. The pragmatic solution is for the UK to adopt EU standards to try and reduce trade friction albeit without the same influence over those standards. It's politically difficult for the government because the media will be in a frenzy asking how come we still have to monitor the bendiness of bananas etc.

Maybe they call it a transitional arrangement?

The relevant part is that highlighted in red.
So far we have discovered that the UK already has adopted these EU standards and also that we currently use these standards.

Since the OP of that has said that the EU will not end compliance immediately we leave the EU or that the EU will make a point of changing these standards purely as a consequence of Brexit AND since any negotiations detailing requirements regarding Brexit are (obviously) yet to be agreed perhaps you could tell us what regulations you think will need attention?

kabayiri

Arklight wrote: »

Oh Jesus wept. I listened to all that. That basically sums up what is so frustrating about trying to reason with Brexit voters. Predominantly, they are just all so thick.

You illustrate perfectly why the right of centre conservatives have been enjoying a renaissance both in Europe and the USA.

Any counter position to the educated; lefty; softy; liberal position is painted as stupid, uneducated, and lacking any respect.

You do realize that it sounds like you are talking down to people. A condescending attitude will result in a backlash.

I understand why James OB does it. He's a shock jock, and lines up people to argue with. But it's just a job. He gets paid. Someday he will be gone and they will need another rentagob.

See it for what it is. It's like a self indulgent Farage show without beer and humour.

kabayiri

Herzlos wrote: »

You're really stretching it.

Britain can't suddenly save money by reducing regulations, because we'd need to keep EU compliance to export to the EU, except in a few edge cases where we can drop EU exports. Plus, we're on the hook for complying with any future EU regulations with precisely zero say in the regulating.

Is any of that incorrect or biased?

Put some numbers on the bones for me. I admit I don't have them.

Costs of compliance have been calculated and gathered in D2M for a while now, so they should be able to extrapolate based on projected new regs.

We can't put these things into context without knowing some idea of costs.

cogito

Thrugelmir wrote: »

On this point I disagree. Adjust the indexes for the currency exchange movement. Then the picture looks far different. Actual trading profitability is not increasing very fast. You could say it's sluggish. Suggesting future returns may be far lower at the current time. (Nor is sluggish profitability anything to with Brexit!). Choosing the right stocks may be key.

Sort of. If you invest in overseas companies or in FTSE Companies which derive most of their profits from overseas, a fall in the exchange rate will automatically boost returns and vice versa. Like many people, my investments are considerably up since the Brexit vote and it's mostly to do with the exchange rate. Not that I'm complaining.

cogito

EU end of year party.

http://www.telegraph.co.uk/news/2017/07/11/eu-officials-plan-50000-staff-party-700-bottles-wine/

Nice to see taxpayers' money being put to good use.

Thrugelmir

cogito wrote: »

Sort of. If you invest in overseas companies or in FTSE Companies which derive most of their profits from overseas, a fall in the exchange rate will automatically boost returns and vice versa. Like many people, my investments are considerably up since the Brexit vote and it's mostly to do with the exchange rate. Not that I'm complaining.

If your investments are UK based. Then you've also got to factor in that dividend cover has reduced considerably over the past 5-7 years, and that a considerable number of companies are having to borrow to maintain their dividend levels. As aren't generating enough cash in the business.

The value of your portfolio has gone up. Likewise it may fall if future returns fail to materialise. As to liquidate and cash in. You need willing buyers. Markets can tip very suddenly and without warning. That's the fun of investing though.

mayonnaise

always_sunny wrote: »

It is very important indeed, HSBC like many other organisation are all preparing for worst case scenario that can be enacted if needed.

And some already acting on it.

Britain may have left it too late to convince major banks that it can strike a deal to soften the impact of Brexit before they start shifting jobs from London. Top executives at five of the largest banks in the capital told Reuters a staggered deal on leaving the European Union is only likely to be agreed late on in talks with Brussels, meaning they have already begun relocating staff.

http://uk.reuters.com/article/us-britain-eu-banks-idUKKBN19W1VS?il=0