Brexit, the economy and house prices (Part 3)

A_Medium_Size_Jock

I posted yesterday of the WTO overturning an EU ruling against Boeing (# 579) and asked if this was a taster of things to come for the EU who do - let's be honest - at times appear to have been nothing short of greedy in their quest to fine those they view as miscreants.

Well today I saw this about the EU vs Intel:

Europe’s top judges dealt a rare blow to European Union antitrust regulators on Wednesday by sending their case against chipmaker Intel back to a lower court for an appeal. In a move that may have ramifications for the EU watchdog’s cases against Qualcomm and Google, the EU Court of Justice (ECJ) said a court which had upheld a 1 billion euro (£914.47 million) European Commission fine against Intel should re-examine the U.S. company’s appeal.

http://uk.reuters.com/article/uk-eu-intel/court-orders-intel-case-review-in-blow-to-eu-antitrust-regulators-idUKKCN1BH0XI?il=0

gfplux

Conrad wrote: »

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.

As I said your a Brexiter and me a remainer both agree. Having new trade deals just to import tat funded by credit is not a way to prosperity for Britain. Any new free trade deals need to be carefully crafted to ensure Britain HAS THE OPPORTUNITY to export more than it imports.
Carefully crafting is not copy and paste. Any rush by Fox (with his limited resources) will end with a BAD free trade deal for Britain.
Conrad you appear to firmly believe that Britain can take advantage of that opportunity but it has to be there in the first place.

GreatApe

A_Medium_Size_Jock wrote: »

Well France do kinda cheat and constantly exceed the EU's own deficit limit of 3%, having done so for the past decade and struggling yet again this year.
Now they're selling off French assets.
To lower this deficit?
No, to "go to a new 10 billion-euro (£9.14 billion) fund to finance innovative projects, one of President Emmanuel Macron’s election pledges."
http://uk.reuters.com/article/uk-france-privatisations-engie/france-starts-asset-sales-drive-with-engie-placement-idUKKCN1BG37P?il=0

Both France and Germany have for long been guilty of breaking EU guidelines on deficit without reprimand; see this from 2014 and begin to understand why so many globally see the EU as unfair and protectionist:
http://www.telegraph.co.uk/news/worldnews/europe/eu/11207721/Why-do-France-and-Germany-keep-breaking-EU-rules.html

No need to go off on a tangent. The answer is simple the UK is not a low income developed country the UK is a high income country more so than France for most the time over the last decade (and as economic points out not only are we higher income most the time but we get to keep more of that income ourselves due to lower taxes)

setmefree2

Belgium seeks EU court opinion on EU-Canada free trade deal

http://www.dailymail.co.uk/wires/reuters/article-4857904/Belgium-seeks-EU-court-opinion-EU-Canada-free-trade-deal.html#ixzz4rtzhayk6

Conrad

gfplux wrote: »

As I said your a Brexiter and me a remainer both agree. Having new trade deals just to import tat funded by credit is not a way to prosperity for Britain. Any new free trade deals need to be carefully crafted to ensure Britain HAS THE OPPORTUNITY to export more than it imports.
Carefully crafting is not copy and paste. Any rush by Fox (with his limited resources) will end with a BAD free trade deal for Britain.
Conrad you appear to firmly believe that Britain can take advantage of that opportunity but it has to be there in the first place.

Keep in mind the other thing I've said, trade deals are not required for trade.


They're ok but not at all essential as I've said a hundred times - I had no trouble whatsoever buying an American synthesizer recently, am considering a Japanese car, no issues whatsoever. People trade, not Govts.


Lets be free to do as we wish and not be obstructed by the cloying EU protection shop. Lets make our own locally tailored rules to benefit UK plc. Yes, yes, Germany has done well, but outside the EU protection shop it may have done even better.

Conrad

Arklight wrote: »

How you can state that this isn't mentioned in the news boggles my mind because utter !!!! like this is pretty much all that's printed in the right wing media.

To clarify, I meant that all I hear from doomers is that everything is terrible, the internet too slow, we're going darn the pan, everyone's under the cosh of the 1%, we're not productive, inequality fractures our every thought, we can't possibly manage 'on our own'.



The lived reality I and many others experience, from all walks of life bares little resemblance to the doom poems.


Britain truly is a land of milk n honey as far as the new arrivals I meet will attest, a contrast to gloomers always saying everything is so bad about Britain

andrewf75

GreatApe wrote: »

We are not a low income country at all.

I never said we were, just that low and average wages are low compared to other high wage countries

Conrad

This doomsong that we're unproductive, I do wonder if it's just not the Brits seeing bad where perhaps say the French stat collectors would have a different take.


I don't find my experience of say French Supermarkets reveals added productivity on the part of the French.


I do notice the French have a more growth up, practical relationship with H&S culture compared with us. Perhaps this is one way in which we end up adding to costs and diminishing productivity - all too busy with H&S at the cost of sales?


UK tree climbing venues (Go Ape etc) seem more H&S costly compared to those I've experienced in France as but one example.


British firms spend quite a bit of time on things like diversity management and compensation culture, for example battling employees over months regarding compensation. I bet we are the worlds premier time wasters when it comes to such. No wonder productivity might seem less here.

setmefree2

Brexit exodus of EU nationals brings sharp drop in primary school applications

Thousands fewer families applied to send their four-year-olds to London primaries this year, with EU nationals leaving after the Brexit vote a key factor, a report said today.
London Councils said it had predicted the impact of falling birth rates and soaring house prices on applications but that they had fallen “much earlier and faster” than expected

https://www.standard.co.uk/news/education/brexit-exodus-of-eu-nationals-brings-sharp-drop-in-primary-school-applications-a3628126.html

London does feel quieter at the moment. This time last year it did feel like a lot of East Europeans men had left (vans dumped all over Ealing - which were only towed a month or two ago.). Now it feels like the central European families might have gone - French, Spanish, etc - of course people might still be on holiday...

Herzlos

ukcarper wrote: »

The votes did count in Referendum and as you say it will effect them more than older voters so there is no excuse.

I entirely agree they should have.

But let's be fair; no one actually expected to Brexit.

Low turnout is nonetheless responsible for brexit and trump. Maybe we've learned our lesson