Brexit, the economy and house prices (Part 3)

System

A_Medium_Size_Jock wrote: »

And yet you yourself are the one who first mentions the "boarder view" (sic):

I thought the broader view was important to you? I knew you hadn't read the whole article so I thought it worth highlighting the alternate opinion and reasoning otherwise you would've surely missed it.

Many many thanks for highlighting I said boarder instead of broader. Just in case I confused you it was a typo - I wasn't offering a view from the perspective of someone living in rented accommodation.

cogito

A_Medium_Size_Jock wrote: »

But that is from Catalannews.com - and I have been commenting upon happenings there for a while.
Think what you must about him but can you disagree with Assange that 'Spain’s repression against Catalonia is "very serious" ' ?
Or 'that Spain has committed "several attacks on freedom of expression" '?


You would prefer Politico maybe?

http://www.politico.eu/article/catalonia-referendum-independence-nasty-side-question-deepens-rift-between-two-spains/

Rajoy has acted like an idiot. Three weeks ago, it was almost certain that Catalonia would have voted against independence, at least the polls were clearly pointing in that direction. He only needed to sit back and let it happen.

Now his stupidity has almost guaranteed that the Catalans will vote to secede if they get chance to vote at all. It's an unnecessary mess and it wouldn't surprise me at all if the people who hate referenda the most - those in Brussels - had been twisting Rojoy's arms in the background.

Thrugelmir

Be interesting to see how the French Basques react longer term. There's a political disconnect between the region and Paris.

A_Medium_Size_Jock

Thrugelmir wrote: »

Be interesting to see how the French Basques react longer term. There's a political disconnect between the region and Paris.

It will indeed, though this might provide a clue:

Some former ETA members have joined a Franco-Spanish Basque political party called Sortu that is working for "full freedom" for the region's 2.2 million people.

https://www.thelocal.es/20170927/basque-terrorist-group-eta-slams-madrids-opposition-to-catalan-independence-vote
"Full freedom" eh?

mayonnaise

A_Medium_Size_Jock wrote: »

It will indeed, though this might provide a clue:

https://www.thelocal.es/20170927/basque-terrorist-group-eta-slams-madrids-opposition-to-catalan-independence-vote
"Full freedom" eh?

Basque pro-indepence party condemns Madrid's opposition to the planned independence referendum in another Spanish region.

Who would have thought?

A_Medium_Size_Jock

Politico's opinion of why we cannot expect decisions regarding the future of the EU just yet:
"Let’s talk about the EU’s future (just not yet)"

When European Union leaders meet in the Estonian capital on Thursday evening, they won’t discuss any giant leaps forward for the bloc, or what things will be like after the U.K. has left. Instead, the leaders will talk about when to start talking.

http://www.politico.eu/article/tallinn-lets-talk-about-the-eus-future-just-not-yet/


For news regarding the latest round of Brexit negotiations, there will be a press briefing after today's conclusion:
https://www.gov.uk/government/news/programme-for-fourth-round-of-uk-eu-article-50-negotiations

setmefree2

Oil has risen 10% - this will probably lead to a rise in UK inflation - no doubt this will be blamed on Brexit.

setmefree2

Haldane sought to portray any interest rate hike in the near future as "a good news story" rather than a "source of fear or trepidation";

The Bank of England's Chief Economist Andy Haldane believes that Britain may be "nearing the end of the tunnel" when it comes to two of the biggest problems that have blighted the economy in recent years. Speaking in an interview with Sky News, Haldane said that the worst may be over for the twin pillars of pay growth and productivity growth, both of which have been consistently weak in recent years.
"I think the signs are more encouraging on the pay front than they have been for some little while," Haldane told Sky.
"I think the key to unlocking pay will be signs of improvement in the economy's productive potential. Higher pay needs to be paid for... so I hope we might be nearing the end of the tunnel on both pay and productivity."

http://uk.businessinsider.com/bank-of-englands-andy-haldane-productivity-pay-interest-rates-2017-9

setmefree2

EU Is Said to Consider Brexit Compromise on Transition Talks

(Bloomberg) -- Theresa May’s Brexit concessions have started to ease the deadlock.

Even as both sides went into the fourth round of negotiations with fighting talk, European Union leaders are considering going some way to meet one of the U.K.’s demands. They are discussing bringing forward talks about the transition period that would follow Brexit, according to three people familiar with the situation who declined to be named.

The concession, while minor, would break the deadlock and make it easier for the U.K. to discuss the contentious divorce bill. The U.K.’s goal of moving talks on to trade next month is probably still out of reach, according to the people, who declined to be named as the deliberations aren’t public.

October Summit

The concession on transition would happen at the EU summit in October, where leaders may discuss changing the mandate of chief negotiator Michel Barnier to allow him to talk about the bridging arrangements, according to the people. Governments are also considering whether to add language in their summit statement that assures the U.K. they are likely to accept a transition period, one of the people said.

Initially Barnier insisted that transition could only be discussed after the separation terms and the outline of the future trade relationship were agreed. He signaled on Monday that his mandate could be revised, but it would be up to EU leaders.

European Parliament President Antonio Tajani will meet the chamber’s political party leaders on Thursday to discuss Brexit, ahead of a resolution to be voted on next week. The resolution may include a line that “partial links between divorce and transitional might be explored at October European Council,” according to a summary of the draft document obtained by Bloomberg on Wednesday.

https://www.bloombergquint.com/politics/2017/09/27/eu-is-said-to-consider-brexit-concession-on-transition-talks

setmefree2

Why East Europe’s Wage Boom May Not Be a Job Killer

https://www.bloomberg.com/news/articles/2017-09-28/why-east-europe-s-wage-boom-may-not-be-a-job-killer