Brexit, the economy and house prices (Part 3)

Theophile

setmefree2 wrote: »

http://www.independent.co.uk/news/uk/politics/justin-trudeau-theresa-may-canada-brexit-trade-deal-ceta-ottawa-a7954366.html

Taking back control, also known as cutting and pasting existing EU trade deals that would otherwise be lost after 2019. :rotfl:

System

Conrad wrote: »

So if all is rosy, why do Remainers endlessly promise huge harm to our economy? Poly Toynbee and many more this week say Brexit will cause massive damage (in case you say you've not heard anyone say it)

ukcarper wrote: »

If they don't impose tariffs there will not be a problem, so if you think they won't impose tariffs where do you see the problem.

It's tongue in cheek. Neither the UK nor the EU are really inclined to throw the tariff code on the bonfire.

The most likely outcome is staying in the customs union (but coming up with a fancy Anglo-Saxon name for it) and simply keeping the current tariff code.

setmefree2

Got a lot of time for David Bloom but him having to do this yesterday made me laugh.

‘We were wrong’ — HSBC reverses bearish pound view after BOE rate hints

HSBC strategists ‘admit defeat’ after latest pound rally

We were wrong.” That’s the unusually honest conclusion from HSBC’s currency strategist

“We admit defeat for 2017 and revise our year-end target to 1.35 for GBP-USD and 0.89 for EUR-GBP,” they added.

Before the hawkish BOE comments, the U.K.-based bank predicted sterling to trade around $1.20 at year’s end and reach parity with the euro

Their bearish view was based on an expectation that 2017 would stand out as a year marked by stalling Brexit negotiations and political turmoil. So far, that has largely been the case, with relations between London and Brussels souring and U.K. Prime Minister Theresa May struggling to keep her party united in its Brexit approach.

But all of that “is now playing second fiddle to the possibility of a cyclical rate rise,” the HSBC analysts said.
”For the next few months, the currency will be driven by whether and how often the BOE will act. The debate about whether they should have tightened will have to wait for 2018,” they added.
HSBC expects the central bank to hike rates in November and again in May 2018.

http://www.marketwatch.com/story/we-were-wrong-hsbc-reverses-bearish-pound-view-after-boe-rate-hints-2017-09-18

They should have listened to John Redwood....

System

setmefree2 wrote: »

And the beat goes on....

....The Remoaners were out in force on business news channels this morning - Tony Blur and Ken Clarke in particular. All news channels making a mountain out of Boris' article.....

....I guess they are all preaching to the choir but watching the rich politicians and business in cohoots like this makes me wonder if they will eventually get their way...Boris does seem to be worried about some sort of stitch up....

Nothing to do with remoaners or brexiteers. The political in-fighting in the Conservative party is news. You'd think they'd all meet up and sort this out - perhaps in the Telegraph's reception - actually do something useful like agree a single approach instead of politicking and briefing against each other.

System

A_Medium_Size_Jock wrote: »

Even humour is banned in the EU Parliament - if it is not pro-EU.

Must admit I struggled to see the humour in a dead arm emerging from a grave wearing a swastika and giving a Nazi salute.

Conrad

ilovehouses wrote: »

You'd think they'd all meet up and sort this out - perhaps in the Telegraph's reception - actually do something useful like agree a single approach instead of politicking and briefing against each other.

This is rendered impractical thanks to the Remoaner din constantly causing other Remoaners to declare things are harder than the reality.


People such as Amber Rudd will be influenced by the groaning negativity and as such her and others will impart a negative 'weak Britain' influence on the Cabinet which people like Boris HAVE to provide a counter to

setmefree2

So jealous.

NAFTA talks moving at 'warp speed,' US trade rep says

http://www.dailymail.co.uk/wires/afp/article-4896584/NAFTA-talks-moving-warp-speed-US-trade-rep-says.html

Conrad

setmefree2 wrote: »

watching the rich politicians and business in cohoots like this makes me wonder if they will eventually get their way

They haven't thought through the implications of them reversing Brexit.


1) The EU would I'm sure demand far more obedience and towing the line on ever closer Union. Imagine the fuss this would cause the British electorate


2) The slightest bit of bad news would be pinned on us remaining, the Remainers will face an unending tsunami of disquiet orders of magnitude louder than anything before.


Imagine them having to justify inflation or a recession in spite of remaining in the glorious EU. The public would say they were conned into a land of milk n honey only to find the UK being billed for ever larger club fees as new poor and corrupt nations join


3) The real prospect of many Conservatives demanding a Mogg type leader, or the party splitting




All round agro I would imagine the Remoaners would come to regret

System

Conrad wrote: »

This is rendered impractical thanks to the Remoaner din constantly causing other Remoaners to declare things are harder than the reality.

There's nothing to stop cabinet (or the key protagonists) meeting to agree a common approach.

It's not remoaner din preventing it. It's internal Tory politics.

Conrad

ilovehouses wrote: »

There's nothing to stop cabinet (or the key protagonists) meeting to agree a common approach.

It's not remoaner din preventing it. It's internal Tory politics.

Naïve view. People like Rudd were passionate Remainers and deep down still are, agreeing a settled view is not going to possible unless the Remoaner din in the media quietens down


Example last nights Sky News NI Brexit piece was wall to wall gloom, utterly one sided fake news, out of touch pious Beth Rigby & Faisal Islam falling over themselves with glee