Brexit, the economy and house prices part 5

wunferall

Maybe this is why the Europhiles here are so narky again today?

Commission gets glimpse of post-Brexit EU budget horrors

https://www.politico.eu/article/commission-gets-glimpse-of-post-brexit-eu-budget-horrors/
This bit from the comments might enlighten as to why too. My thanks to the original poster.

FrancoisP likes to cook figures. He likes to ignore 14% is approx seventh of the EU’s whole budget and a drop in a seventh of it’s overall GDP. (it’s more but I’ll use Politico’s figures)

He gets excited about UK losing 0.2% growth though as though it’s Armageddon bless him!!

EU losing 14% one seventh of everything though. Not a problem haha.

BLESS!!

Thrugelmir

wunferall wrote: »

Maybe this is why the Europhiles here are so narky again today?

Hence why the divorce bill demanded was so large. As no one wanted to make cuts nor put their hands in their own pockets. Has been totally foreseeable from the outset. The UK knows that the EU has to compromise as well. As no money isn't an option either.

Malthusian

Under such a scenario, the EU would be able to provide “support for less developed regions only,” says the study, obtained by POLITICO.

So all those EU subsidies that are allegedly the only thing keeping the serfs of Sunderland and Cornwall alive (the basis for the Remainers' claim that the working classes have committed economic suicide by voting Leave) are dependent on the UK's contribution to the budget. The UK isn't a "less developed region" so these subsidies only exist to be distributed to Sunderland and Cornwall because of the British contribution.

Which means that all this money that the benighted regions of the UK received from our gracious benefactors at the EU is, in reality, our own money.

But we already knew this.

Thrugelmir

ilovehouses wrote: »

We don't need to overly dissect to understand why he chose the latter. For a start politicians hate questions that require a yes/ no answer and secondly they like to dissociate themselves from bad news - people like to shoot messengers.

If this counts as bad news. Then I hate to think of what is yet to follow. Shame that job losses to overseas weren't considered an important issue by many a long time ago. Would have resulted in the UK having a far stronger manufacturing base. A low base can only mean a long slow recovery.

tracey3596

fewgroats wrote: »

A more predictable outcome of Brexit - inability to enter the Capital of Culture - has already happened. http://www.bbc.co.uk/news/uk-scotland-tayside-central-42095477

We were daft to think that wouldn't happen.

It's just one more example of the disgraceful determination the EU has to punish the UK for daring to want out.
Because you did know that non-EU member countries were allowed to enter, right?
Well they are.

In the past three non-EU cities have previously held the title: Istanbul in 2010, Norway’s Stavanger in 2008 and the Icelandic capital Reykjavik in 2000.

https://www.standard.co.uk/news/politics/brexit-latest-eu-bans-uk-cities-from-bidding-for-european-capital-of-culture-a3699961.html

Herzlos

cogito wrote: »

Davis was absolutely correct. The agencies weren't being forced to leave.

Except it's not the truth, it's a deliberately misleading statement. I guess a half-lie. The UK didn't make the agencies leave, but it was obvious to anyone that the EU agencies had to actually reside within the EU for a host of reasons, not least being travel.

Would you be OK with some UK agencies being based elsewhere? Like if we move DVLA/VOSA to France?

Herzlos

Thrugelmir wrote: »

Hence why the divorce bill demanded was so large.

The bill is so large because we were so heavily intertwined in the EU.

We'll make up the bulk of the funding shortfall in our non-discounted trade deal. :j

tracey3596

Herzlos wrote: »

The bill is so large because we were so heavily intertwined in the EU.

We'll make up the bulk of the funding shortfall in our non-discounted trade deal. :j

:rotfl:
I've been "heavily intertwined" with a few people in my life. That doesn't mean that I owe them anything any more than they owe me anything.

gfplux

Optimistic Quittlings will say this has nothing to do with Brexit.


"British furniture retailer Multiyork has gone into administration
Multiyork, the furniture retailer, has gone into administration, putting 550 jobs under threat.
The retailer will trade until Christmas at the earliest while administrators Duff & Phelps seek a buyer.
Multiyork will honour all existing orders placed until 22 November and customers will be contacted by the retailer.
The chain employs 547 staff in 50 stores and a manufacturing site in Thetford, Norfolk.
"Trading conditions for UK retailers continue to be difficult due to a number of factors including economic uncertainty, rising commodity prices, increasing business rates and the fall in value of the pound which has increased the cost of importing raw materials and products," said Allan Graham, a joint administrator at Duff & Phelps."
http://www.bbc.com/news/business-42088699

Thrugelmir

Herzlos wrote: »

The bill is so large because we were so heavily intertwined in the EU.

Doesn't change the funding issus going forward. All the grand plans
that were in the pipeline. Which unfortunately the UK benefits little from.

Trade is ultimately a red herring. As the bottom line is zero. In that imports = exports. To maintain budget balance. Suggest you read "How an Economy Grows and Why It Crashes: Two Tales of the Economy". Will give you a much better perspective of where the UK is today.