Brexit, the economy and house prices part 5

economic

cogito wrote: »

Isn't it great to have your own currency which can be devalued if the need arises?

It is and we should be so glad Thatcher was against joining the EUR. Its a pity we joined the EU though.

EDIT: i see you are from Greece? Isn't it such a misery not to be able to go back to your own currency, the Drachma?

cogito

economic wrote: »

Isn't it such a misery not to be able to go back to your own currency, the Drachma?

Please don't get me started on this.

economic

cogito wrote: »

Please don't get me started on this.

Please do. The more people are aware, the better.

gfplux

I am amazed that no one has posted this story.
https://news.sky.com/story/biggest-drop-in-cars-produced-for-uk-since-2011-11179546
——
The UK car industry has reported its biggest monthly fall in domestic demand for over six years, with the Government squarely in the firing line.

The Society of Motor Manufacturers and Traders (SMMT), as it has done in previous months, partly attributed the production decline on uncertainty following the Brexit vote.

It reported a 28% fall in the number of cars produced for the UK market in November compared to the same month in 2016.

While it said the figure represented the biggest drop in domestic demand since September 2011, it pointed out that it left production for UK consumers 9% down in the year to date.
—-

It will be interesting to have the figures for December as that might change the story completely.

Arklight

GreatApe wrote: »

The UK is a great country no amount of lefty bile will change the fact we have virtually no poverty, full employment, lots of freedom and opportunity. Life is great in this country and the best time to be born is today

The irony of this claptrap is that it’s posted on a sub board of a forum that's entire existence is based on people without much money trying to save pennies. It's literally surrounded by people asking for help because they’ve been screwed over by their landlords, can’t manage on their benefits, want to know how to get an old banger through its MOT, or who are underwater on their mortgages, credit cards and loan arrangements.

That fact that you literally can’t see the entire forum around where you are posting explains your beliefs more than a little.

cogito

economic wrote: »

Please do. The more people are aware, the better.

Yiannis Varoufakis's book 'Adults in the Room' should be compulsory reading for everyone with an interest in the EU, especially those who believe that it is a benevolent organisation with the interests of its citizens at its heart.

It's the inside story of how this corrupt institution turned Greece into a debt colony to save French and German banks from going broke. I see at first hand every day the results of the treatment meted out to the Greeks. 'Fiscal waterboarding' was Varoufakis’s very apt term to describe this.

cogito

Arklight wrote: »

The irony of this claptrap is that it’s posted on a sub board of a forum that's entire existence is based on people without much money trying to save pennies. It's literally surrounded by people asking for help because they’ve been screwed over by their landlords, can’t manage on their benefits, want to know how to get an old banger through its MOT, or who are underwater on their mortgages, credit cards and loan arrangements.

That fact that you literally can’t see the entire forum around where you are posting explains your beliefs more than a little.

Most of the people who visit MSE do so not because they are hard up but because they are reasonably savvy and are interested in how to make their money go further.

What you are describing is a small minority of people who have got into financial trouble, sometimes as a result of their own stupidity and sometimes not. I have every sympathy with those who have fallen on hard times through no fault of their own but I want to scream when I see a post from someone heading for bankruptcy but thinks it's OK to splash out a couple of thou on a holiday because he still has a bit of headroom on his last credit card. That's not the bank's money he's spending but mine.

Arklight

cogito wrote: »

Yiannis Varoufakis's book 'Adults in the Room' should be compulsory reading for everyone with an interest in the EU, especially those who believe that it is a benevolent organisation with the interests of its citizens at its heart.

It's the inside story of how this corrupt institution turned Greece into a debt colony to save French and German banks from going broke. I see at first hand every day the results of the treatment meted out to the Greeks. 'Fiscal waterboarding' was Varoufakis’s very apt term to describe this.

Varoufakis loves speaking tours and the sound of his own voice. He’s somewhat quieter on the fact that Schauble offered Greece a €40bn pay off to leave the Eurozone, remain in the EU, and still access development and crisis loans but Syriza didn’t take it because that would have involved them being responsible for Greece’s fortunes, rather than blaming everything on Germany for perpetuity.

mrginge

economic wrote: »

We are not Somalia.

Nobody with any credibility would attempt to use an absolute measure to describe UK poverty levels.

kabayiri

vivatifosi wrote: »

The UK did receive funding for many of its poorer regions until the eastern European states joined. Part of the reason they joined is because Tony Blair in particular petitioned for the EU's expansion.

I doubt many ordinary citizens really understood the complete shift this would cause, at the time. The rate of change should have been more closely controlled.

Tony Blair is sincere in his beliefs I have no doubt. But, just like Afghanistan, I don't think longer term planning is his forte.