Brexit, the economy and house prices (Part 3)

Filo25

Thrugelmir wrote: »

Nothing to with Brexit. Productivity starts at home.



https://www.ft.com/content/b53933c0-8e23-11e7-9084-d0c17942ba93

I agree the underlying issue remains Britain's poor productivity performance, but equally you can't really argue that Brexit hasn't driven inflation through the strong negative impact on Sterling, and so far at least that has led to a decline in real wages and falling living standards as a result.

I'm not saying its a massive impact, but it is real

A_Medium_Size_Jock

Herzlos wrote: »

So you're willing to discredit the polls you claim were proof the majority supports brexit?

No, the referendum did that; proved that the majority supports Brexit.

Herzlos

Thrugelmir wrote: »

Tough lives people live these days. Spoon fed. Nanny state. :eek:

Your concern for the less fortunate is clear.

Definitely more younger people should be voting; if they had you'd have been claiming the will of the people demanded another referendum.

The facts are that it's easier for pensioners to vote, and ghats pensioners are the only group to majority vote for brexit. Pensioners have always swayed elections who is why no one tries to upset them. Do you disagree?

I'm not blaming pensioners; they voted for what hey felt best. That doesn't mean the younger generations can't feel betrayed by ghe actions of their elders.

Thrugelmir

Filo25 wrote: »

I agree the underlying issue remains Britain's poor productivity performance, but equally you can't really argue that Brexit hasn't driven inflation through the strong negative impact on Sterling, and so far at least that has led to a decline in real wages and falling living standards as a result.

Labour is a global market. I recall some years ago when we subcontracted some software programming work out to a Company in India. Only later to discover that they subcontracted it out themselves to a Company in Romania. In the end we transfered the next stage of the work directly to Romania. Brought home how small the world is these days.

As for Sterling. You need to factor in the borrowing requirement that the UK has. Funded from overseas I should add. If you want a higher exchange rate. Then interest rates will rise. With a low exchange rate then the UK has an opportunity to start rebalancing the economy. There's no such thing as a free lunch.

The issues in the UK economy are structural. No quick fixes. Even the current low exchange rate may not show real benefits for 2-4 years. Putting aside the obvious tourism boom. Which while welcome is fairly small in terms of the overall numbers. .

Thrugelmir

Herzlos wrote: »

Your concern for the less fortunate is clear.

No, not at all. What's so different about this generation? That's my question to you.

A_Medium_Size_Jock

Filo25 wrote: »

Real wages declining
And yet the highest recorder number of workers plus the lowest recorded unemployment; wages can only head one way on those statistics.
Growth falling towards the back of the G7, as compared to where we stood pre referendum. With pre-Brexit uncertainty and EU belligerence who is surprised - and it is still growth NOT the immediate and dire recession we were promised would happen.
Collapse in Sterling which may help exporters but it certainly doesn't help any person off on their summer holidays.
It does lead to a reduction in our deficit and encourages tourism into the UK too.

How on earth does anyone give Brexit the credit for Oxford and Cambridge doing well in an Intl league table anyway?!
I didn't. You are clutching at longer & longer straws; try reading my post again.

Has the sky fallen on your head yet?
No?
You're trying very hard but sadly missing the point too often, see the responses above in red.
In fact so many of the responses posted by both yourself and your sock puppets are very much akin to a scenario whereby you would like a pay rise - but begin your request by calling your boss stupid and then swear repeatedly.

As such these persistent "doom and gloom" attempts are starting to look more than a little ridiculous.

ukcarper

Herzlos wrote: »

Your concern for the less fortunate is clear.

Definitely more younger people should be voting; if they had you'd have been claiming the will of the people demanded another referendum.

The facts are that it's easier for pensioners to vote, and ghats pensioners are the only group to majority vote for brexit. Pensioners have always swayed elections who is why no one tries to upset them. Do you disagree?

I'm not blaming pensioners; they voted for what hey felt best. That doesn't mean the younger generations can't feel betrayed by ghe actions of their elders.

I don't see it polling stations are open from 7am to 10pm there is no excuse, they should feel more betrayed by their peers who couldn't be bothered to vote.

About 9 million people over 65 voted, a third voted remain so 6 million voted leave. Less that 10% of population.

A_Medium_Size_Jock

andrewf75 wrote: »

Ironic as well given the widely acknowledged mass support for remain in these institutions

I'm not sure whether you are being deliberately obtuse or you simply need the services of a Specsavers-type establishment; read again post # 604.

Herzlos

Polling stations may be open 7-10, but if you work that window is much reduced.
If you can't afford bus fare to get there, that's a problem.
If it's too wet to walk it, that's a problem.
If your kids are unwell, that's a problem.

None of that's to do with any generation having it easier; except when it comes to voting the pensioner class has less roadblocks.


You're right though; everyone should have been voting and I'm never happy with those that could have voted, but didn't. I've more sympathy with those that couldn't for some reason.

Conrad

Remainers are completely missing that the trade defecit and the production gap were unsustainable. £ at fair value is a gift that will gradually put the national wallet in better balance and produce better quality jobs than an economy so skewed to importing tat funded by credit.

Mervyn King says this is our number one priority. Even the Guardain agrees as I've posted links to several times.