Brexit, the economy and house prices part 5

Filo25

Lornapink wrote: »

They really wont, you lot promised Banks would have long by now. The markets priced-in downside risk yonks ago, they're booming. Yes some will redeploy but the net effect is MORE not less prosperity and opportunity.


Ardent Remainers just wont see the upside, it's akin to a cult-like fanaticism, clinging to familiarity, fearing change and the new.

Another fact free post filled with strawman arguments.

John Lewis the latest to point out how ridiculous it is for anyone to think that the "No Deal" scenario is a credible threat.

I have even reposted comments on here from Leavers stating that it would be economic suicide to follow that path, oddly also completely ignored.

I just wish the government would grow up and start having serious negotiation rather than still being dictated to by the ERG and pandering to the ill informed, and deluding ourselves that "No Deal" sounds remotely credible to the EU in negotiations.

I will make 2 pretty safe predictions here, firstly if we have a proper No Deal Brexit it will be an economic shambles, secondly we won't have a "No Deal" Brexit because governments always want to be re-elected.

How Theresa May will manage to get out of the hole she has dug for herself with her voluntary redlines I have no idea, but she can't kick the can down the road much longer.

Lornapink

Project Numpty fails again, how many more time, lol!


BMW last night gave a resounding vote of confidence in Brexit Britain as it signalled its long-term commitment to the UK.
The German car giant rubbished claims that it would be forced to shut plants in Britain if we leave the customs union without a deal.
It insisted the comments, made by its UK customs manager and reported in the Financial Times, had been !!!8216;taken out of context!!!8217;.
Stressing that Britain is the !!!8216;home!!!8217; of Rolls-Royce and Mini and BMW!!!8217;s fourth biggest global market, it said closing any of its factories is not an option.

phillw

Filo25 wrote: »

How Theresa May will manage to get out of the hole she has dug for herself with her voluntary redlines I have no idea, but she can't kick the can down the road much longer.

Theresa May seems to be applying the https://en.wikipedia.org/wiki/Boiling_frog strategy, unaware that it doesn't work at all.

If you draw all the red lines in play then it looks like http://mrmen.wikia.com/wiki/Mr._Messy

I kinda hope for a no deal brexit just so we can shut up the people who go on about how great a no deal brexit would be. It would be painful, but not as painful as listening to brexiteers.

Lornapink wrote: »

Project Numpty fails again, how many more time, lol!


BMW last night gave a resounding vote of confidence in Brexit Britain as it signalled its long-term commitment to the UK.

Not a resounding vote of confidence, it's all spin while they wait to see what happens. How it's reported in the dailymail and the express should be taken with a pinch of salt.

What they said was

" BMW is not considering moving production out of Britain because of uncertainty connected to Brexit, the company's special representative in Britain said on Tuesday.

When asked by a reporter at a conference whether the German car manufacturer was "actively considering" moving production out of Britain due to uncertainty over future trade relationships, Ian Robertson said: "No we're not."

So they aren't considering leaving over uncertainty. but he goes on.

"We are considering what we would need to have in place to overcome such impediments to border fluidity. That's where we are focused right now.

"It would be foolhardy of any company not to have these contingency ideas under way because we are racing towards March 29 next year.

"We have a group of people working on the customs aspect. We have a group of people working on the logistics aspect."

One can only wonder all the contingency plans they have come up with. But he didn't rule out leaving the UK over a no deal, only on the current uncertainty.

"Clearly if parts cannot physically get to a factory at the expected time, that factory will not run as smoothly and reliably as is desirable."

What do you do to a factory that is unreliable, when there is an option of opening a reliable factory in another country???? And the answer isn't going to be "respect the will of the UK people to leave the EU and take all the consequences that come with it on the cheek."

Trump seems to be having a similar problem with Harley Davidson

"Donald Trump has said Harley-Davidsons should "never" be built abroad, as he attacked the firm's plans to move some production overseas to avoid European tariffs."

I'm sure they'll take note of that.

Zero_Gravitas

Lornapink wrote: »

Remainers completely ignore any and all opportunities arising from our status as a fully autonomous global nation that enjoys the first or second position in global soft power rankings.
Instead of focussing on loss, why not focus on far greater potential opportunity? Losses will be minimal, business soon adapts and innovates as shown on Newsnight last night.

We seem to hear a lot about these “opportunities” without it ever being described what these are in anything other than vague aspirational terms.

As an example: If one of them is “being free to make our own trade deals” then on 23 June 2016 apparently countries were queuing up to do trade deals with us. Two years on, how many “trade agreements in principle” have actually been made (assuming they can’t be signed until we leave)?

Arklight

Lornapink wrote: »

Project Numpty fails again, how many more time, lol!


BMW last night gave a resounding vote of confidence in Brexit Britain as it signalled its long-term commitment to the UK.
The German car giant rubbished claims that it would be forced to shut plants in Britain if we leave the customs union without a deal.
It insisted the comments, made by its UK customs manager and reported in the Financial Times, had been !!!8216;taken out of context!!!8217;.
Stressing that Britain is the !!!8216;home!!!8217; of Rolls-Royce and Mini and BMW!!!8217;s fourth biggest global market, it said closing any of its factories is not an option.

Is that like the vote of resounding confidence in Britain Kraft gave Cadburys' workers, just before firing them all and moving production to Poland?

These companies have no loyalty to the UK or anywhere else. They will create jobs where it is expedient for them to do so.

Incidentally are you going to reply to any of the rebuttals on this page or are you just going to jabber away?

mrginge

ilovehouses wrote: »

Investment decisions are being stalled relating to internal market access too. Plenty of businesses will have 100% of their sales in the UK but be fundamentally affected by brexit fallout.

Short term considerations are not relevant.

mrginge

phillw wrote: »

I think your numbers need some work to be taken seriously.

Yes I agree a 10% fall in employment levels in five years is a bit extreme but I wanted to give you chaps something to get excited about.

buglawton

Filo25 wrote: »

Another fact free post filled with strawman arguments.

John Lewis the latest to point out how ridiculous it is for anyone to think that the "No Deal" scenario is a credible threat.

I have even reposted comments on here from Leavers stating that it would be economic suicide to follow that path, oddly also completely ignored.

I just wish the government would grow up and start having serious negotiation rather than still being dictated to by the ERG and pandering to the ill informed, and deluding ourselves that "No Deal" sounds remotely credible to the EU in negotiations.

I will make 2 pretty safe predictions here, firstly if we have a proper No Deal Brexit it will be an economic shambles, secondly we won't have a "No Deal" Brexit because governments always want to be re-elected.

How Theresa May will manage to get out of the hole she has dug for herself with her voluntary redlines I have no idea, but she can't kick the can down the road much longer.

It's true that a no-deal outcome would need much better management of our economy. And then the rewards will flow. However, we'd need a more technocratic and businesslike approach to governing, like Singapore has.

Hint:
UK annual GDP/head: $39,921
Singapore annual GDP/head: $55,241$

Can I see UK politicians taking their sticky meddling politically motivated fingers off our economy to allow more rationality? OK, now you've got me.

Arklight

buglawton wrote: »

It's true that a no-deal outcome would need much better management of our economy. And then the rewards will flow. However, we'd need a more technocratic and businesslike approach to governing, like Singapore has.

Hint:
UK annual GDP/head: $39,921
Singapore annual GDP/head: $55,241$

Can I see UK politicians taking their sticky meddling politically motivated fingers off our economy to allow more rationality? OK, now you've got me.

Singapore is an oppressive tax haven for Chinese millionaires. Immigration of non millionaires is virtually nil. Freedom of the press is curtailed and possession of chewing gum is an offence.

That would probably suit you lot down to a tee.

Enterprise_1701C

Arklight wrote: »

Is that like the vote of resounding confidence in Britain Kraft gave Cadburys' workers, just before firing them all and moving production to Poland?

These companies have no loyalty to the UK or anywhere else. They will create jobs where it is expedient for them to do so.

Incidentally are you going to reply to any of the rebuttals on this page or are you just going to jabber away?

Dairy milk production is returning to the UK.

As for chewing gum being illegal in Singapore, I wishit was illegal here, I am sick of putting my hand on the disgusting stuff.