Brexit, the economy and house prices part 5

Thrugelmir

kabayiri wrote: »

I think there is a different mentality in Germany about this, I used to discuss it with colleagues over there.

Wage structure in Germany has changed since 2015. Previously no minimum wage. Until Europe as a whole has a flat level wage agreement. Business (multinationals) will continue to be driven by the lowest operating costs.

Herzlos

Zero_Gravitas wrote: »

I think the text is here:

https://www.reddit.com/r/ukpolitics/comments/9fh84d/uk_manufacturing_enjoys_longest_period_of_jobs/

And of course there are caveats. Mainly that what employers are doing currently is hiring cheap labour they can dump quickly rather than make investments in plant and equipment. Which of course also contributes to the U.K. productivity crisis.

Brexit. The gift that keeps on giving...

Ah, so Lorna didn't read the article, shock horror.

Curiously, about 1/3rd of the growth came from industry Brexit is likely to kill off, so I can't see this growth being due to Brexit:

This subsector has relatively high productivity, and has seen employment increase by 42,000 in car manufacturing during the five years to March 2018, and by 13,000 in other forms of transport equipment, such as aircraft, ships and trains

GreatApe

Zero_Gravitas wrote: »

I think the text is here:

https://www.reddit.com/r/ukpolitics/comments/9fh84d/uk_manufacturing_enjoys_longest_period_of_jobs/

And of course there are caveats. Mainly that what employers are doing currently is hiring cheap labour they can dump quickly rather than make investments in plant and equipment. Which of course also contributes to the U.K. productivity crisis.

Brexit. The gift that keeps on giving...

The idea that there are factories out there that just need to buy a machine to improve productivity is simplistic and mostly wrong

For most business the #1 thing that would improve profits and productivity is more demand or simply higher prices

It is also much more about business practices now. For instance what technology does aldi have over say tesco? Aldi is much more productive due to its business model rather than machines or technology

And in the uk and other developed nations it is the service sector that dominates.
It is not machine investments but business practices that will drive productivity and growth.

The problem is the government is mostly blind to this.
One example is that recently councils have been making private rentals liceanceable
The result is going to be thousands of additional council workers shuffling paper wasting human resources and other resources too (like building space, electricity, fuel, time etc) in producing nothing of value

Likewise national productivity is mostly about GDP and GDP is held back by rules and regs like for instance planning regs limit what can be done and built so fewer people do and build.

And of course some super massive productivity destroying ventures like the massive number of students studying BS rather than working that there is a national train wreck in the making the only thing that would make me consider voting for corbyn is if I believed he would drastically shrink the university sector. That would be such a big boost to the economy that it might be big enough to counter the rest of his nonsense ideas which will be negatives.

ron937

I agree that they are doing a naff job of it, but did people ever expect the EU to say yes to anything??

we are the ones that want to leave, they haven't asked us to leave, so why should they give us anything???

Joan_number_1_2

ron937 wrote: »

I agree that they are doing a naff job of it, but did people ever expect the EU to say yes to anything??

we are the ones that want to leave, they haven't asked us to leave, so why should they give us anything???

Because they would very much like to carry on selling us the £60 billion or so more per year than we sell them? That's a lot of dosh in anybody's books.
Also because their own treaties say that they must reach agreement and be good neighbours.
I think Donald Trump is right & if they carry on bu@@ering about and bullying (which be honest is all they are doing so far) we should sue them.

Too often now the EU are bullying others as they are now with the Swiss, again.
If the EU is so wonderful, why the need to coerce?

Moby

Joan_number_1 wrote: »

Because they would very much like to carry on selling us the £60 billion or so more per year than we sell them? That's a lot of dosh in anybody's books.
Also because their own treaties say that they must reach agreement and be good neighbours.
I think Donald Trump is right & if they carry on bu@@ering about and bullying (which be honest is all they are doing so far) we should sue them.

Too often now the EU are bullying others as they are now with the Swiss, again.
If the EU is so wonderful, why the need to coerce?

The EU is comprised of 27 other countries that were at that summit.....yes they all had a fiendish plan to destroy the British ....come on really? Just for a second could you consider the possibility that what May was asking for was unreasonable to them? Just because you are British doesn't mean you are special or have extra rights than any other country that is part of the union. May was warned weeks ago that Chequers was unacceptable and yet she ploughed on regardless!She is responsible for the position we are in not the EU. They are not bullying us....Our Govmt is asking for a special deal that gives us benefits without obligations and has been told no! That's not bullying. That's common sense. Only those with unreasonable jingoistic myopia would see it otherwise!

Joan_number_1_2

Moby I'm not sure why you pointed your bilious "fiendish plan to destroy the British" nonsense at me?

I said that the EU are bullying and they are, pure & simple. Just like they have been trying with the Swiss for years with them threatening the Swiss access to the single market in 2014 when the Swiss voted for immigration quotas as just one example.

I've always quite liked David Davis because he always seemed to talk sense. Here he talks sense again and says the EU are bullying.

https://www.youtube.com/watch?v=ZrCBINhITCs

Yanis Yaroufakis talks a lot of sense too and he warned us of the EU's tactics last year. It looks like he was right, too.
https://twitter.com/yanisvaroufakis/status/1043767343069970432

Moby

Moby I'm not sure why you pointed your bilious "fiendish plan to destroy the British" nonsense at me?

..........David Davis.... seriously! Yep 27 countries have just decided to bully old blighty.
No...... Our sorry excuse for a Govmt tried to peel off certain countries and cause division before that summit. They failed! the 27 presented a united front and told us what the options are with no cherry picking! That's not bullying! but it suits May to play the victim of course. It's about the only line she could take.

Sapphire

Joan_number_1 wrote: »

Moby I'm not sure why you pointed your bilious "fiendish plan to destroy the British" nonsense at me?

I said that the EU are bullying and they are, pure & simple. Just like they have been trying with the Swiss for years with them threatening the Swiss access to the single market in 2014 when the Swiss voted for immigration quotas as just one example.

I've always quite liked David Davis because he always seemed to talk sense. Here he talks sense again and says the EU are bullying.

https://www.youtube.com/watch?v=ZrCBINhITCs

Yanis Yaroufakis talks a lot of sense too and he warned us of the EU's tactics last year. It looks like he was right, too.
https://twitter.com/yanisvaroufakis/status/1043767343069970432

Absolutely agree with you, and can't wait for us to leave this awful organisation, the joining of which the British population was never even consulted on. It should have been, on such important issues as sovereignty and self-governance as an independent nation. Instead people were quietly hoodwinked (over decades!) into believing that the EU was merely an economic organisation. How was such action even legally possible? :mad:

Herzlos

Joan_number_1 wrote: »

Because they would very much like to carry on selling us the £60 billion or so more per year than we sell them? That's a lot of dosh in anybody's books.

Not in context it isn't.