Brexit, the economy and house prices part 5

vivatifosi

Andromodean, have you got a link for that chart? I'm curious to know what the growth rates were for the other countries, especially Germany.

What struck me was that with some exceptions, e.g. NL, most of the countries experiencing the highest growth are the poorer ones, so I was curious as to whether there was a particular sector or group of sectors that would drive this.

cogito

HAMISH_MCTAVISH wrote: »

And far more importantly the benefits of single market membership at around £70 BILLION in economic benefit annually dwarfs our net contribution of a mere £8.5 billion or so.

Quoting opinions rather than facts again, HAMISH?

Here is a fact. UK annual trade deficit with the EU is £70bn. Now explain to me why the UK should pay to trade with the EU when the facts suggest that it should be the other way round.

Filo25

Good to see David Davis demanding that the French and Germans put Prosperity above Politics in the Brexit talks, the irony seems somewhat lost on him.....

setmefree2

Visitors to UK hits August record

https://uk.reuters.com/article/uk-britain-tourism/visitors-to-uk-hits-august-record-after-brexit-fall-in-pound-idUKKBN1DH13F

mayonnaise

setmefree2 wrote: »

https://uk.reuters.com/article/uk-britain-tourism/visitors-to-uk-hits-august-record-after-brexit-fall-in-pound-idUKKBN1DH13F

If we trash the pound further, we can all go work in tourism and hospitality, earning worthless pounds. Hooray.
Conrad's 7th age of prosperity has finally dawned.

phillw

vivatifosi wrote: »

What struck me was that with some exceptions, e.g. NL, most of the countries experiencing the highest growth are the poorer ones, so I was curious as to whether there was a particular sector or group of sectors that would drive this.

The whole point of the EU is to try to get the same level of success in all countries. So it would be normal for poorer countries to see higher growth.

It also means that the countries who became powerful because of their historical invasion strategy will see lower growth and evening out of the wealth. Brexit appealed to the selfishness of people.

Rough_Justice

setmefree2 wrote: »

https://uk.reuters.com/article/uk-britain-tourism/visitors-to-uk-hits-august-record-after-brexit-fall-in-pound-idUKKBN1DH13F

Amazing isn't it? So many people wanting to come to this "laughing-stock" little old inconsequential country and spending record amounts of money here while they're at it.

Foreign visitors to Britain spent 2.8 billion pounds in the country in August, a record for any month and an increase of 3 percent from the same month last year.

On a purely anecdotal note I visited the western isles of Scotland at the end of October, our first time that far north. Even then there were large numbers of non-UK visitors including many Chinese.
What a shame that some would rather deride this increase because presumably they cannot understand that these visitors choose to spend their own hard-earned currency here in the UK which of course in turn boosts our GDP.
https://www.visitbritain.org/visitor-economy-facts

phillw

cogito wrote: »

Quoting opinions rather than facts again, HAMISH?

Here is a fact. UK annual trade deficit with the EU is £70bn. Now explain to me why the UK should pay to trade with the EU when the facts suggest that it should be the other way round.

It's your only your opinion that it should be the other way round. You have excluded a lot more important facts.

phillw

ilovehouses wrote: »

You seem to be debating with the voices in your head.

The UK is a great place to visit. Even better with 25% off.

Not sure what 25% is from, sterling drop is ~10% since June 2016.

If you visit from outside the EU you can claim a 20% discount from the government and in a few years time even visitors from the EU will be able to claim too. Leavers just wanted to give discounts to foreigners all along.

Prices will inevitably go up to match sterlings drop, but that 20% discount for foreigners will remain. Coming over here, going to our shops, buying our things!!!!

Thrugelmir

phillw wrote: »

The whole point of the EU is to try to get the same level of success in all countries. So it would be normal for poorer countries to see higher growth.

It also means that the countries who became powerful because of their historical invasion strategy will see lower growth and evening out of the wealth. Brexit appealed to the selfishness of people.

Germany seems to be bucking this trend. Thanks to a favourable exchange rate on entering the Eurozone.