Brexit, the economy and house prices part 5

setmefree2

Some posters wanted me to express an opinion - well I hate the terms "Brexit-induced inflation" and "Brexit-induced fall in sterling".

Let's be honest both were "induced" by the BoE. Brexiters would never have lowered interest rates and carried out massive amounts of QE.

"BoE-induced" or "Remoaner-induced" would be much better terms.

Sterling is weak - well yes that's what happens when you lower rates to 0.25%

Herzlos

gfplux wrote: »

The Gunmen, I think we all might agree are racists. While people who are dark skinned are involved they don't care. Or can't find a reason to care.

That's what I was thinking; will everyone still not care about the random stops when the people being stopped are white?

setmefree2

Euro parliament chief says UK Brexit budget offer is 'peanuts'

Tajani told the BBC's Newsnight programme late Tuesday: "Twenty billion is peanuts. The problem is 50 or 60 (billion euros), this is the real situation."

"The UK government is not realistic. We need to put the money on the table, we need our money back as Mrs Thatcher said 30 or 40 years ago," Tajani said.

"Then it is possible to start the negotiations for the new deal," Tajani said.

https://sg.news.yahoo.com/eu-leaders-voice-frustration-uk-brexit-position-money-083532187.html

Thoughts?

always_sunny

setmefree2 wrote: »

https://sg.news.yahoo.com/eu-leaders-voice-frustration-uk-brexit-position-money-083532187.html

Thoughts?

You mean the same amount the UK was 'sorta' told since (pretty much) the beginning?
It does make you think why the UK still doesn't get it.

Maybe the EU should offer to start trade negotiations only on legumes.

Moby

Brexit will become as unpopular as a f*rt in a lift that is stuck for hours. Only yesterday the OECD said UK economy would receive a boost if Brexit were cancelled. Given the years of work that would be required to implement changes brought about by Brexit at a significant cost, people will start questioning this cost. Probably over the next 10 years, the overall cost will be much more than what would have been paid to the EU. I read a list online which appears in the FT, which shows over 300 international agreements on a wide range of issues that will stop being effective on Brexit day. Before Brexit day, Government will have to do the leg work, to get the agreements sorted out, ready to take effect under UK administration. For example, one agreement might relate to imports from another country and without a new agreement, there might be an issue. David Davis said yesterday that there will have to be more Brexit related legislation and i question whether they have the time. There is going to be a legal challenge against Government to release all of the Brexit risk assessments and if this is granted, then it will cause a major rethink by people who are unsure about Brexit continuing!

vivatifosi

always_sunny wrote: »

You mean the same amount the UK was 'sorta' told since (pretty much) the beginning?
It does make you think why the UK still doesn't get it.

Maybe the EU should offer to start trade negotiations only on legumes.

Like everyone else I've seen the headline numbers, but have yet to see hard numbers apportioned by spending stream. If someone has seen these, can they please post?

Thanks

Conrad

setmefree2 wrote: »

http://www.forexlive.com/news/!/germany-draws-up-plan-for-post-brexit-eu-uk-ties-includes-free-trade-deal-20171016

This really is bad news Remainers:

Germany Drafts FREE trade deal;

“the deal should be balanced, ambitious and far-reaching”


https://www.bloomberg.com/news/articles/2017-10-16/germany-drafts-outline-of-eu-u-k-ties-post-brexit-paper-shows

Theophile

setmefree2 wrote: »

Some posters wanted me to express an opinion - well I hate the terms "Brexit-induced inflation" and "Brexit-induced fall in sterling".

Let's be honest both were "induced" by the BoE. Brexiters would never have lowered interest rates and carried out massive amounts of QE.

"BoE-induced" or "Remoaner-induced" would be much better terms.

Sterling is weak - well yes that's what happens when you lower rates to 0.25%

Why is Eurozone inflation about half the UK rate then?
And if - as you claim - Sterling is weak because of our rates being at 0.25% and massive QE, why is the Euro quite strong despite ECB rate being at 0.0% and equally massive QE in the Eurozone?
Can you explain please?

cogito

Letter from Suella Fernandes MP to Jezza setting out the stupidity of Labour's current position on a brexit deal.

https://www.scribd.com/mobile/document/361921383/Letter-to-Jeremy-Corbyn-From-Suella-Fernandes-MP

Current as in today.

Conrad

Theophile wrote: »

Why is Eurozone inflation about half the UK rate then?
And if - as you claim - Sterling is weak because of our rates being at 0.25% and massive QE, why is the Euro quite strong despite ECB rate being at 0.0% and equally massive QE in the Eurozone?
Can you explain please?

EU inflation was higher than ours in the recent past - we aren't as Brits magically entitled to super low inflation at all times.


We have historically very modest inflation, and growing momentum to home sourcing and production.