Brexit, the economy and house prices (Part 3)

Herzlos

I guess that's what you wanted so we can be happy?

At least the goverment doesn't need to invest in any new infrastructure now, and we won't notice the drop in tax take until it's too late

ukcarper

Herzlos wrote: »

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

I wasn't surprised and I think it shows how out of touch most politicians are, Labour and Tory.

HAMISH_MCTAVISH

Herzlos wrote: »

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

Higher young turnout and a brexit backlash cost the Tories their majority - so it looks like some lessons have been learned.

Herzlos

kabayiri wrote: »

Indeed.

A relative ran the housing department in Rochdale for many years, and they are very generous on the whole.

...and this is in a deprived part of the UK.

The standard heating boiler fitted to homes by the council is a market leading product with great efficiency figures, for example.

So it should be. If the council is paying for it then it should be as efficient as possible

GreatApe

andrewf75 wrote: »

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

You've provided no evidence to suggest that is at all true

UK GDP often exceeds Frances and since GDP is something like 70% wages 30% capital it is at least a decent first order gauge of wages in an economy.

setmefree2

Theresa May backs new EU immigration controls after Brexit leak

PM says greatly reducing number of arrivals will protect UK wages, after Home Office document reveals tough future plans

May has defended the idea of new controls on EU nationals in the wake of a leaked document outlining proposed tough post-Brexit immigration plans, saying they would help protect UK wages. Speaking at the first prime minister’s questions since the summer recess, May did not refer directly to the Home Office document leaked to the Guardian, but gave a general defence of greatly reducing the numbers of EU arrivals after Brexit.

https://www.theguardian.com/politics/2017/sep/06/theresa-may-backs-new-eu-immigration-controls-after-brexit-leak

economic

GreatApe wrote: »

You've provided no evidence to suggest that is at all true

UK GDP often exceeds Frances and since GDP is something like 70% wages 30% capital it is at least a decent first order gauge of wages in an economy.

he tends to never provide evidence. seems like he makes up things as he goes along....

andrewf75

GreatApe wrote: »

You've provided no evidence to suggest that is at all true

UK GDP often exceeds Frances and since GDP is something like 70% wages 30% capital it is at least a decent first order gauge of wages in an economy.

https://data.oecd.org/earnwage/average-wages.htm
We are roughly in the middle of the countries shown here, but many of those with lower average wages than us are not developed economies

And bear in mind the high cost of housing this is not the full picture. Also bear in mind the average wage is skewed higher by London and the south east. For most of the country the average wage is much lower. While that will be the case everywhere I expect the skewing effect is going to be more in the UK than in most countries.

That won't satisfy the above poster as he knows better than everyone, but at least it provides some back up for my argument

ukcarper

This link gives some perspective.

http://ec.europa.eu/eurostat/statistics-explained/index.php/File:Median_gross_hourly_earnings_and_low-wage_earners,_2014_V3.png

Conrad

Just came across this leaked EU report again, surprised it doesn't get mentioned more;

The European commission’s Brexit negotiators must strike a “workable” deal with Theresa May’s government to protect the City of London or the economies of the remaining member states will be damaged, a leaked EU report warns.

The paper warns that UK-based financial services account for 40% of Europe’s assets under management and 60% of its capital markets business. “And UK-based banks provide more than £1.1tn of loans to the other EU member states,”


https://www.theguardian.com/business/2017/feb/01/eu-brexit-deal-city-leaked-report-european-parliament-article-50