Brexit, the economy and house prices (Part 3)

HAMISH_MCTAVISH

Anyway... Back in the real world.

The UK economy has just been confirmed as the worst performing in the EU, after Q1 growth was revised down to 0.2% from initial estimates of 0.3%.

In a monumental own goal we've gone from first to dead last in just the initial 9 months following the Brexit vote.

Not to mention consumer debt is soaring, up 10% in a year, as households squeezed by the Brexit devaluation see their disposable income plummet and savings rates fall to 50 year lows.

No wonder reality is starting to set in with the voting public....

A YouGov poll for the Times last week asked voters whether trade or immigration control should be the priority in the Brexit negotiations. Some 58 percent said Britain should prioritize trade over stopping free movement, compared to 42 percent who said the opposite.

The 16-point lead for trade over immigration was up from just 6 percent before the election.

http://www.politico.eu/article/chief-soft-brexiteer-uk-economy/

A_Medium_Size_Jock

mayonnaise wrote: »

8 billion net/450 million
That's 18 quid each on average.
Ouch...that's gonna hurt.

Ah yes, that'll no doubt be why so many countries are already volunteering to increase their EU contributions?
Germany .......... nope; Denmark ............ nope; Austria ........ nope ..... so who's going to make up the funds?
I know, the prospective new members will do it!
Albania, yeah. With Macedonia etc, no problem.

http://www.cnbc.com/2017/03/27/european-union-uk-important-brexit.html

http://www.euractiv.com/section/economy-jobs/news/austria-wont-increase-contribution-to-eu-budget-after-brexit/
http://www.bbc.co.uk/news/world-europe-11283616

Thrugelmir

mayonnaise wrote: »

8 billion net/450 million
That's 18 quid each on average.
Ouch...that's gonna hurt.

Many countries are net beneficiaries from being members. In essence the EU provides free handouts. The calculation isn't as straightforward as you suggest.

mayonnaise

mayonnaise wrote: »

8 billion net/450 million
That's 18 quid each on average.
Ouch...that's gonna hurt.

Thrugelmir wrote: »

Many countries are net beneficiaries from being members. In essence the EU provides free handouts. The calculation isn't as straightforward as you suggest.

What part of 'on average' don't you understand?

mayonnaise

HAMISH_MCTAVISH wrote: »

Anyway... Back in the real world.

The UK economy has just been confirmed as the worst performing in the EU

Not just the worst performing in the EU, but the worst performing major economy on earth.
http://uk.businessinsider.com/uk-economy-q1-gdp-third-estimate-brexit-2017-6

A_Medium_Size_Jock

mayonnaise wrote: »

What part of 'on average' don't you understand?

Maybe the same part as "We're not payin' it" that you don't understand which makes your "average" so irrelevant?

I saw over the weekend some attempts to suggest that a Japan/EU trade deal was near.
Perhaps not so near according to this from Japan:

After two days of high-level talks, a broad agreement on free trade envisioned by Japan and the European Union remained out of reach Saturday as differences lingered over tariffs on European dairy and farm products, and other sensitive issues.

http://www.japantimes.co.jp/news/2017/07/02/business/japan-eu-continue-wrangle-dairy-auto-tariffs/

A_Medium_Size_Jock

Not so good news for Ireland.

The report said:

• Access to the Single Market need not be synonymous with full EU membership.
• The EU is facing “huge problems” and its future direction is unlikely to be in Ireland's interests.
• The DUP's central role in Brexit negotiations as part of its relationship with the Tories should facilitate strong cooperation across Ireland.

http://www.independent.co.uk/news/world/europe/brexit-latest-ireland-irexit-policy-exchange-think-tank-leo-varadkar-trade-investment-a7820401.html

mayonnaise

A_Medium_Size_Jock wrote: »

Not so good news for Ireland.

http://www.independent.co.uk/news/world/europe/brexit-latest-ireland-irexit-policy-exchange-think-tank-leo-varadkar-trade-investment-a7820401.html

Right-wing UK think tank founded by Michael Gove says Ireland should consider EU withdrawal.

Shocking. :rotfl:

A_Medium_Size_Jock

mayonnaise wrote: »

Right-wing UK think tank founded by Michael Gove says Ireland should consider EU withdrawal.

Shocking. :rotfl:

Desperation much?
Because of course, everything else about Brexit has been so balanced and impartial right from the start.
Hasn't it?



From the link:

The document was drawn up by Ray Bassett, a former Irish diplomat and commentator.

The Ray Basset that said this:

Reverence shown to EU is like that once shown to the Catholic Church, says Ray Bassett

https://www.irishtimes.com/news/politics/former-ambassador-condemns-ireland-s-brexit-policy-1.3033774

For anyone interested, Wiki on Policy Echange:
https://en.wikipedia.org/wiki/Policy_Exchange

Thrugelmir

mayonnaise wrote: »

Right-wing UK think tank founded by Michael Gove says Ireland should consider EU withdrawal.

Shocking. :rotfl:

Simply saying what I suspect many feel. Eire is not core to the EU project. Apple tax issue is far from resolved either.