Brexit, the economy and house prices (Part 3)

System

cogito wrote: »

Did I? When?

cogito wrote: »

Knowing what you want and getting it are two entirely different things. I don't doubt that both sides know what they want but you don't get it by putting your cards on the table. In putting their position papers out in the open, the EU have done exactly that.

They are peeved that the UK hasn't done the same, hence the perplexity displayed by Barnier at yesterday's press conference. I, for one, am not unhappy with the direction of travel and am quite sure that the UK is as prepared as it can be.

David Davis is pretty much on his hands and knees begging for trade talks to start. He's playing cards with his hand visible.

I don't think it's unpatriotic to point out the UK's position is in a mess when not only is Davis showing his cards the backseat negotiators back in Whitehall are giving him earache about how to play them.

It's all music to the ears of anyone who couldn't care less if we leave in a messy or orderly fashion.

System

mayonnaise wrote: »

If he's got such an overall knowledge of history, who does he need to be told by the ambassador to stop reciting colonial poems, deeply offensive to Buddhists...in a Burmese temple?

He's a clown isn't he? You'd think someone whose personality and persona are completely made up would employ better script writers.

mayonnaise

Britain sinks to bottom of G7 growth table

Britain has fallen from the top to the bottom of the league of G7 leading economies in the year since the Brexit vote

Having been the fastest-growing economy in the G7 on the eve of the EU referendum, new figures from the Office for National Statistics showed UK growth below the US, Japan, Germany, France, Italy and Canada.

https://www.ft.com/content/79d4c812-a4ee-11e7-9e4f-7f5e6a7c98a2

A_Medium_Size_Jock

mayonnaise wrote: »

Britain sinks to bottom of G7 growth table

https://www.ft.com/content/79d4c812-a4ee-11e7-9e4f-7f5e6a7c98a2

More inconsistencies from this report:

Another reason interest rates are likely to rise in November despite Britain’s weak economic performance comes from other revisions that showed household finances stronger than previously thought

The ONS admitted that it had erred in underestimating household incomes over many years and revised the household savings ratio in the first quarter up from a 50-year low of 1.7 per cent to a corrected figure of 3.8 per cent.

Other revisions showed the financial health of UK companies to be much weaker than previously thought, but business investment over the past year higher than previously recorded.

All these errors as admitted by the ONS do not exactly promote confidence in their reports.
Also, as I pointed out yesterday:

A_Medium_Size_Jock wrote: »

The economy continues to grow - despite warnings that merely voting for Brexit would lead to an "immediate and profound" recession with half a million jobs lost and a 3.5% reduction in GDP.

Employment is at a record high and investment in the UK continues to rise, whilst manufacturing continues to grow.

Our deficit has been falling since 2009 and evidence shows it falling further this year, with (for example) July showing the first surplus in more than a decade and August down 18% compared to last year.

Above all, officially citizens of the UK are happier than they were - despite Brexit.
:T

Small wonder then that the pro-remain contingent are so persistent, even though their "gloom and doom" is repeatedly proven largely unfounded.

A_Medium_Size_Jock

Herzlos wrote: »

Didn't May offer £20bn for the 2 year transition? I could see us paying £10bn/year for access in future, so the EU would only be £4bn or ~3% down. I'm sure they can weather that with minimal fuss

No.
Show us where please?
From the Florence speech, TM's exact words are:

Still I do not want our partners to fear that they will need to pay more or receive less over the remainder of the current budget plan as a result of our decision to leave. The UK will honour commitments we have made during the period of our membership.

No figures there.

System

A_Medium_Size_Jock wrote: »

All these errors as admitted by the ONS do not exactly promote confidence in their reports.

I'm sure their reports will revert to 'gospel' status if/ when the UK finds herself atop the G7 growth table again.

A_Medium_Size_Jock

ilovehouses wrote: »

Plus we all know the UK will pay a 'divorce' bill of between £20bn and £80bn which should keep the EU in the manner to which they've become accustomed for the next 2 - 10 years.

So speaketh the supposed voice of reason.
:rotfl:

Until senior Eurocrats and indeed the remaining 27 member states agree, there will be no payment of any kind agreed.
Indeed is this not still a major sticking point following the latest round of so-called "negotiations"?
So no, "we" can "know" nothing.
Suspect, yes; know, no.

A_Medium_Size_Jock

:rotfl:
I said the detractors were running scared!
Look at the number of their frankly desperate posts and the "woe is me" tone - with so little evidence to support posts, as usual.
So much of what has not actually been said.



We know that today's Catalan election is putting the Euro under strain; it looks like Italy's forthcoming elections will do the same.

Italian Elections Tipped to Put Euro Under Pressure vs Pound Sterling and Dollar

https://www.poundsterlinglive.com/eur/7651-gbp-to-eur-and-usd-italian-elections

mayonnaise

A_Medium_Size_Jock wrote: »

All these errors as admitted by the ONS do not exactly promote confidence in their reports.

Then why do you refer to ONS reports on happiness if you don't have confidence in ONS reports?

A_Medium_Size_Jock wrote: »

Despite the impression we might get from some in these forums, the ONS say that we are happier - despite Brexit etc.

http://www.cityam.com/272716/surprise-happiness-levels-up-despite-brexit-trump-and-2017
:T

A_Medium_Size_Jock

mayonnaise wrote: »

Then why do you refer to ONS reports on happiness if you don't have confidence in ONS reports?

Oh dear, perhaps you need to look up "objectivity".

A difficult concept for so many in the pro-remain camp I know, trying to see the whole picture rather than having a narrow view.


Another threat to EU stability maybe?

Austrian burqa ban takes effect ahead of general election

With an election in Austria scheduled for October 15, immigration is an important topic for leading parties. The anti-immigration Freedom Party (FPÖ) are expected to place second or third, potentially forming a government with the conservative Austrian People's Party (OVP), ousting the Social Democratic Party, the current leading coalition partner.OVP, headed up by Kurz, has drawn voters from the FPÖ with his anti-immigration rhetoric.

https://www.rt.com/news/405214-austria-burqa-ban-law/

Also see: http://www.reuters.com/article/us-austria-election/top-austrian-social-democrat-steps-down-over-election-smear-campaign-idUSKCN1C50PG?il=0