Brexit, the economy and house prices part 5

Tromking

ilovehouses wrote: »

Poland is kicking back against EU red tape. Is that how you're reading this?

It's such a shallow argument you wouldn't get your feet wet if you walked across it.

Poland and the rest need to realise that a rules based club like the EU is not a cherrypicking exerecise. The UK will get credit one day for opting to leave rather than ignore the rules and expect to keep the benefits.

Corporal_Perkins

Tromking wrote: »

Poland and the rest need to realise that a rules based club like the EU is not a cherrypicking exerecise. The UK will get credit one day for opting to leave rather than ignore the rules and expect to keep the benefits.

Not on here they won't, far too many egos for that to happen.

Filo25

Tromking wrote: »

Poland and the rest need to realise that a rules based club like the EU is not a cherrypicking exerecise. The UK will get credit one day for opting to leave rather than ignore the rules and expect to keep the benefits.

Well I will agree with the first half of your post anyway, Tromking!

Poland et al have done very well out of the EU economically, but they knew what the rule of the club were when they signed up, so they have a choice, compromise and obey the rules for the other benefits that membership brings, or leave, and that is their decision to make, just as it was ours.

Tromking

Corporal_Perkins wrote: »

Not on here they won't, far too many egos for that to happen.

You may be right.
I fear it may be lost on some in mainland Europe also that they’re losing a fully rule compliant, net contributing UK and being left with a bunch of grabbing nations ruled locally by neo-fascists.
How long before Brussels yearns wistfully for the return of the ‘difficult’ Brits again.

Thrugelmir

ilovehouses wrote: »

They are and still will be post-brexit. Do you think we'll be dispensing with the role of Foreign Secretary anytime soon?

There's a vast difference between diplomacy and interference though.

tracey3596

So the FTSE100 has broken through the 7600 barrier today for the first time ever, setting a new record.

The FTSE 100 has rallied to a new record high, topping the 7,600 mark for the first time.
London's leading share index climbed by nearly 80 points in its last full trading session before Christmas, adding about £20bn to the combined value of its constituent companies.

https://news.sky.com/story/ftse-100-index-rallies-to-new-record-high-11180194

The inevitable "but" commentators here might describe this as being attributable to the falling pound.
The GB£ is however higher than it started the year in US$ by around 11c and is also higher than it has been against the € since July so that won't wash.

I'm not suggesting that this is anything to do with Brexit BTW but it is interesting that the FTSE250 is near a record high too.

Thrugelmir

tracey3596 wrote: »

I'm not suggesting that this is anything to do with Brexit BTW but it is interesting that the FTSE250 is near a record high too.

With cash and Government bonds offering negative yields (after factoring in inflation). There's no where else to make a positive return. Savers and borrowers alike are now paying the cost of investing in overpriced assets.

Rough_Justice

Thrugelmir wrote: »

Talks don't recommence until January.

That is true but this was only decided yesterday, not to mention that January 7th is not far away AND that coalition talks have been ongoing since the German election in September.
http://www.dw.com/en/germanys-never-ending-coalition-talks-break-record/a-41868786

Thrugelmir

Rough_Justice wrote: »

That is true but this was only decided yesterday, not to mention that January 7th is not far away AND that coalition talks have been ongoing since the German election in September.

I doubt that many in the poltical main stream actually wish for new elections. As will simply allow the far right to make further inroads. For a bastion of the EU project. Distinctly uncomfortable position.

Rough_Justice

Thrugelmir wrote: »

I doubt that many in the poltical main stream actually wish for new elections. As will simply allow the far right to make further inroads. For a bastion of the EU project. Distinctly uncomfortable position.

Especially when a few elections which may be equally doubtful in their outcomes are yet to come, notably Italy and Sweden.
Unless Germany can form a government soon though another election may be necessary, and even if a coalition is formed a poll in Die Welt suggests that almost two thirds of Germans believe that this will be the end of Merkel's chancellorship.