Brexit, the economy and house prices part 5

cogito

gfplux wrote: »

Another step away from Europe. Symbolic and sad.

https://www.theguardian.com/business/2017/nov/20/eurotunnel-rebrand-getlink-brexit-channel-tunnel

Eurotunnel now is GETLINK

Now you really are stretching.

tracey3596

British factories enjoyed the biggest deluge of new orders in nearly three decades this month, an industry survey showed, adding to signs that the post-Brexit vote fall in the value of sterling is helping manufacturers.

https://uk.reuters.com/article/uk-britain-economy-factories/uk-factories-enjoy-best-month-for-new-orders-since-1988-cbi-idUKKBN1DL158

Add that to the following about the UK deficit and despite the doom-laden fearmongering we see far too much of the UK seems to be on course for continued steady growth.
"Softly softly catchee monkey."

in the first seven months of the financial year, the deficit has fallen by 9.6 percent to 38.5 billion pounds, the ONS said. That still leaves Hammond on target to beat a target of 58.3 billion pounds for the 2017/18 financial year.

https://uk.reuters.com/article/uk-britain-budget-borrowing/uk-borrowing-grows-in-october-underscoring-budget-headache-for-hammond-idUKKBN1DL0VW

Note that as so often in our media the headline is one intended to induce a negative opinion and it's not until you read further that the reasons are explained as being increased debt interest costs.

fewgroats

Can people be aware that insults relating to race are not acceptable on MSE.

westernpromise

The UK is negotiating with itself, essentially. There is no agreed-on UK position that commands support in the House.

WTO terms beckon I think.

Thrugelmir

tracey3596 wrote: »

Add that to the following about the UK deficit and despite the doom-laden fearmongering we see far too much of the UK seems to be on course for continued steady growth.

Increased borrowing costs had an impact though. Mr Hammonds room to manoeuvre is very tight though. Whatever he spends will be funded by raising tax elsewhere. No sign of the scews being released for the foreseeable future.

System

tracey3596 wrote: »

https://uk.reuters.com/article/uk-britain-economy-factories/uk-factories-enjoy-best-month-for-new-orders-since-1988-cbi-idUKKBN1DL158

Add that to the following about the UK deficit and despite the doom-laden fearmongering we see far too much of the UK seems to be on course for continued steady growth.
"Softly softly catchee monkey."

https://uk.reuters.com/article/uk-britain-budget-borrowing/uk-borrowing-grows-in-october-underscoring-budget-headache-for-hammond-idUKKBN1DL0VW

Note that as so often in our media the headline is one intended to induce a negative opinion and it's not until you read further that the reasons are explained as being increased debt interest costs.

This is logical though isn't it? While we can operate tariff-free, orders will increase as the pound drops.

Once we have no trade deal, those orders will dry up.

This seems pretty simple to me. All you're showing here is that being in the EU is good for trade, this is not a revelation.

Thrugelmir

westernpromise wrote: »

The UK is negotiating with itself, essentially. There is no agreed-on UK position that commands support in the House.

WTO terms beckon I think.

Rather like the German coalition talks. Every party is wedded to it's ideology. Rather than compromising in order to find a solution.

setmefree2

westernpromise wrote: »

The UK is negotiating with itself, essentially. There is no agreed-on UK position that commands support in the House.

WTO terms beckon I think.

Really?

I actually think things are looking quite positive at the moment.

Herzlos

setmefree2 wrote: »

I actually think things are looking quite positive at the moment.

Can you elaborate as to why?

Rinoa

Joeskeppi wrote: »

This is logical though isn't it? While we can operate tariff-free, orders will increase as the pound drops.

Once we have no trade deal, those orders will dry up.

This seems pretty simple to me. All you're showing here is that being in the EU is good for trade, this is not a revelation.

And yet the remainers told us we'd be in recession by now, not posting the best factory orders for 3 decades.

That must be annoying.