Brexit, the economy and house prices part 5

Rinoa

ilovehouses wrote: »

Who would sign a trade deal that isn't beneficial?

Very few. That's why most of the world DON'T have trade deals with the EU. I don't see many other countries begging to be allowed to trade with them. And yet they still manage to prosper.

mayonnaise

HAMISH_MCTAVISH wrote: »

So how should Britain adapt to being poorer after Brexit?

Less money for services? Benefits? Infrastructure? The NHS?

Probably all of it.
There's going to be some serious unrest within the brexit voting underclasses most dependent on state provided services and funding when they find out they've been sold a dud.
Never mind. They were warned and chose not to listen.

Arklight

mayonnaise wrote: »

Probably all of it.
There's going to be some serious unrest within the brexit voting underclasses most dependent on state provided services and funding when they find out they've been sold a dud.
Never mind. They were warned and chose not to listen.

http://www.independent.co.uk/news/business/news/uk-inflation-latest-updates-high-bank-england-brexit-pound-sterling-exchange-rate-eu-a8105011.html

Inflation hits near six-year high

It was the highest rate since March 2012 and forces the Bank of England governor to send a letter to the Chancellor to explain the reading

Of course average people are poorer. That's what happens when they vote for Tory governments and right wing protests.

System

I wonder if the letter to the Chancellor simply says:

"Duh!"

LHW99

Primarily driven by airfares says the article (and computer games I read somewhere?)..
Core inflation is flat.
In 2007 (before the crash) RPI was 4.3%, in the 1970's it got as high as 24%. CPI in 2011 was 4.2%.
So higher than target, but hardly catastrophic.
http://inflation.stephenmorley.org/
http://www.inflation.eu/inflation-rates/great-britain/historic-inflation/cpi-inflation-great-britain.aspx

Incredible_1

Thrugelmir wrote: »

Or simply.

"One off fall in value in sterling post Brexit is filtering through".

Plus "and oil price rises by 10% in the month".

Thrugelmir

Incredible_1 wrote: »

Plus "and oil price rises by 10% in the month".

A leaking pipeline and the weather are yet to have a real impact.

buglawton

Arklight wrote: »

http://www.independent.co.uk/news/business/news/uk-inflation-latest-updates-high-bank-england-brexit-pound-sterling-exchange-rate-eu-a8105011.html

Of course average people are poorer. That's what happens when they vote for Tory governments and right wing protests.

Shame, if Labour had got in, we could have all given each other a pay rise!

Herzlos

Rinoa wrote: »

Trade deals with others will be mutually beneficial. Trade deals with the EU are always in their favour.

That's why most of the world prefer not to have trade deals with them.

Are you sure? We do remarkably well out of the current deal and I can't think of anyone who turned down a trade deal with the eu.

Herzlos

Tromking wrote: »

It’s not England BTW, it’ll be the rUK. Every potential negative for the UK you cite re. Brexit, will be dwarfed by the immediate negative economic effects that’ll be visited on the Scottish people if they opt for independence. I think you know that deep down.

It's a risk, sure. But we'd actually get control of everything Westminster won't give us. We'd also get rid of the Tories.