Brexit, the economy and house prices part 5

Ballard

Graham_Devon wrote: »

I find it even more amusing that those on the left appear now to be backing bankers making more and more money due to "taxation".

Go back 5 years, and these people were the scum of the earth according to the same people. Now, they are to be listened to and we should make life better for them. Fickle.

It’s not just people on the left who realise that having people employed on above average salaries is better than the state paying them benefits. Anyone with a level of intelligence can surely see that.

Your post seems designed simply to deflect some potential bad news from your beloved Brexit.

phillw

Thrugelmir wrote: »

Much of their capital and what they spend goes abroad.

Right, lets turn the economic clock back to the 70's because bankers aren't spending all of their money on expensive houses, furniture, food, drink, putting their kids through private school, bupa etc.

Brexit is picking up your ball and running away to stop others playing with it, when they have their own ball already.

Ballard

Thrugelmir wrote: »

Much of this banking activity does little for the wider economy either. While individuals do pay higher levels of tax. Much of their capital and what they spend goes abroad. Fairer distribution of wealth isn't on their agenda.

These people will buy lunch from sandwich shops and are more likely to eat in restaurants, both of which keep people on a lower salary employed.

It’s interesting that you know that those on a higher salary spend much of their money abroad. You really are very intelligent to know that.

phillw

Ballard wrote: »

These people will buy lunch from sandwich shops and are more likely to eat in restaurants, both of which keep people on a lower salary employed.

The champagne guzzling brexiters don't care about those on low salaries. Probably immigrants anyway right????

Thrugelmir

Ballard wrote: »

These people will buy lunch from sandwich shops and are more likely to eat in restaurants, both of which keep people on a lower salary employed.

Hardly going to create a booming economy. Given the cost of living in London. The UK needs skilled jobs to be created. Already 80% of the economy is service driven. More than enough fast food shops and cafes. If you haven't noticed many are closing due to the saturation levels reached nationwide.

Ballard

Thrugelmir wrote: »

Hardly going to create a booming economy. Given the cost of living in London. The UK needs skilled jobs to be created. Already 80% of the economy is service driven. More than enough fast food shops and cafes. If you haven't noticed many are closing due to the saturation levels reached nationwide.

They were just two examples off the top of my head. They’ll also buy clothes, sporting equipment, tickets for various types of entertainment.

You seem determined to ‘prove’ that we don’t need highly paid jobs. I’m determined not to point out the deficiencies in such an argument anymore.

Rinoa

phillw wrote: »

If remainers were running the show, then we wouldn't be leaving the EU at all

It was remainers in charge who called the referendum.

.string.

Rinoa wrote: »

Theresa May apparently briefed Merkel before allowing the cabinet to see the full plan.

How humiliating can it get.

That's what happens when you have remainers in charge of Brexit.

https://order-order.com/2018/07/05/may-shows-merkel-customs-plan-cabinet/

Oh, and here's the plan.

https://order-order.com/section/euro-guido/

I suspect that the approach is more sophisticated than that and cetainly more sophisticated than it all being a rich Tory plot as others keep going on about.


It would surely do May's bargaining stance no harm at all if she emphasized her own need to maintain the essence of her own Red Lines on independence of trade policy, judiciary and immigation etc., based not only on her conviction but on the limited freedom she has to go "Softer" due to the Brexiteer "extremist's" threat of bringing down the Government and scuppering any deal at all. A sort of political Good Cop - Bad Cop routine, even if the prime actors are not aware of it/


I would think that the message she will be giving to Merkel is not the detail but that she expects the White Paper to define the limit of what Britain can agree to and that Mercel and the best should seriously consider if they want to go on trading with us , let alone us with them, on favourable terms. Do they really want diminshed trade with a grumpy UK looking elsewhere as a competitor?

With the above in mind I would not at all be surprised if some of the stuff we have heard from dissident Brexiteers has a touch of the stage-managed about it.

The interaction with the Irish is interesting bearing in mind that the assumed 3rd way excludes Services, and reverts to a discussion about equivalence in goods and ther standards, which is what May has been after all along. If that is agred so is the Irish Border issue. so I see little justification from the Irish for moaning about that using the Good Friday argument, but moan they do, presumably due to some financial advantage that they see. Mrs May might agree some relaxation of her stance there but not at the expence of an independant trade policy.

Immigration is a red line issue open for "reluctant" negotiation, if we do well out of continued trade with the EU we will want more immigration, at least at the start of Brexit.

The Good Cop/Bad Cop scenario I describe may or may not be true, but the situation that it depicts is true enough regardless and forms a not-totally unwelcome backdrop to May's negotiations which she can use.

kabayiri

Rinoa wrote: »

It was remainers in charge who called the referendum.

I was thinking about that earlier, when I read a short piece about the 5 Presidents Report, published in 2015.

https://www.euractiv.com/section/uk-europe/opinion/the-eurozone-s-five-presidents-report-and-what-it-means-for-britain/

It mentions how the UK could not remain untouched by future changes within the EU, even given our safeguards.

Maybe.....Cameron was confident that he would win the referendum, but could then also point to the referendum as vindication of future EU change, if such change impacted us?

A strong Remain vote would have certainly given confidence to those in the EU seeking much closer integration, be they UK MPs or EU politicians.

(Just a distraction, we can get back to the moans now!)

Graham_Devon

Ballard wrote: »

It!!!8217;s not just people on the left who realise that having people employed on above average salaries is better than the state paying them benefits. Anyone with a level of intelligence can surely see that.

Anyone with a level of intelligence should also realise that senior bankers on 100's of thousands a year are very unlikely to end up on benefits

1. Because they will be highly employable.
2. Because they would most likely fall foul of the upper savings limit for benefits.

Anyway - I thought they were all going to move abroad? That used to be the argument and certainly was around the time of the vote. Many of us were questioning whether actually families would uproot their entire family and simply move abroad.

Now, we've gone full circle and have to assume they will sit on the dole.