Brexit, the economy and house prices part 5

Daniel54

PDQ wrote: »

Because you pay so much attention to other factual sources and information, you mean?

I see that - following the UK's record foreign investment in 2016 - FDI rose even further in 2017, the first full year following the referendum.
Twelve billion pounds more in fact.
It looks like the rest of the world are not as scared of the UK's future as our own remainers are.

The absence of a drop in FDI is certainly welcome,albeit that the growth rate of 0.8% was the lowest in 8 years ( but not far off 2013 - 2015

The reduction in the cost of U.K. assets in foreign currency terms appears to have been an influence.

It would seem over-ambitious to claim that these figures are a ringing vote of confidence .They are neither a thumbs up nor a thumbs down

https://uk.reuters.com/article/uk-britain-economy-investment/foreign-investment-in-uk-edges-up-in-first-full-year-after-brexit-idUKKBN1KD1QY

BobQ

Lornapink wrote: »

S Korea the only significant deal is decades until Canada which was only spurred on due to Brexit. Take a look at the list of EU FTA's, mostly with pip-squeak island nations etc.


A key Brexit argument was that the lumbering EU squabble shop was always very difficult for independent nations to strike deals with.

https://www.wsj.com/articles/japan-european-union-sign-major-trade-deal-1531826380?mod=hp_major_pos10

Another pip squeak island?

The European Union and Japan signed a huge free trade deal on Tuesday that cuts or eliminates tariffs on nearly all goods.
The agreement covers 600 million people and almost a third of the global economy. It's also a major endorsement of a global trading system that is under increasing threat from protectionism

BobQ

Lornapink wrote: »

Spell-out what remaining means.
Are we to be offered further opt-outs as the EU embraces further centralisation such as a common foreign policy?
In a second vote Remain would have to precisely explain what remain means, and in the process voters would come to see it is a world of uncertainty and loss of meaningful democracy.

As I have said already Brexit was based on a series of illusions. For large numbers, they thought that all of their problems would evaporate in return for a leave vote. It did not matter what their problem was, Brexit would solve it.

Now the truth is all too clear. Industry is progressively moving jobs abroad, we still need immigrants, austerity is still with us, the NHS is still underfunded, we cannot set up trade deals quickly if at all. What is more many people outside of the EU think we have lost our senses.

If you are looking for uncertainty and the loss of meaningful democracy Brexit will provide that in abundance. Sure this is democracy in action but it is going to make us poorer as a notion and this is becoming all too apparent.

But its too late to have a second vote, we must live with it's perversity.

vivatifosi

This is rather interesting... Gini Coefficients and Brexit:

https://mobile.twitter.com/ChrisGiles_/status/1021320960769757185

Shows that in areas of low inequality people were likely to vote foe Brexit, but in areas of high inequality, more likely to vote remain. Giles is an FT journalist. Comments are interesting too.

gfplux

Test, have we reached maximum pages. It would appear not.

gfplux

We now hear that Brexit will cost Banks a lot of money.
This from Bloomberg morning email.

QUOTE
The Bill for Banks | UBS Group AG says its facing a hit of more than 100 million francs ($100.5 million) because of Britains departure from the bloc, after totting up the cost of relocating staff from the City of London and legal bills. HSBC Holdings Plc, one of the first banks to spell out the cost last year, estimated a figure of as much as $300 million.
END QUOTE

A nice little earner?

Rinoa

Part 5 working fine.

It's a Brexit miracle.

kingstreet

The fun and games continue here;-

https://forums.moneysavingexpert.com/discussion/comment/74573649#Comment_74573649

Staffybullterrier

To be honest I dont give a damm about the short term implications of brexit. If any company wants to relocate abroad and I will use Ford as an example let them go. Hopefully the British people will then use their grey cells and buy a car that is built here in Britain . At the moment 12/09/18 there is getting a lot of over supply in the car market anyway and the manufacturers are using Brexit as an excuse .
If Sainsburys closed all their shops and moved to Paris do you think we would all starve ? Of course not and all the other supermarkets would employ more people because they would be doing more business

GreatApe

Staffybullterrier wrote: »

To be honest I dont give a damm about the short term implications of brexit. If any company wants to relocate abroad and I will use Ford as an example let them go. Hopefully the British people will then use their grey cells and buy a car that is built here in Britain . At the moment 12/09/18 there is getting a lot of over supply in the car market anyway and the manufacturers are using Brexit as an excuse .
If Sainsburys closed all their shops and moved to Paris do you think we would all starve ? Of course not and all the other supermarkets would employ more people because they would be doing more business

Some nations have no car manufacturing industry, Australia comes to mind for instance

Cars are not like food which is very easily substituted and manufactured and production can expand very quickly if necessary.

The loss of car manufacturing will be a hit a clear net negative. You could try to argue Brexit could mean other net positives to offset this negative but you can not make the silly argument that if a car factory closes other UK car factories will just ramp up production because that wont happen.