Brexit, the economy and house prices part 5

System

That's how I understand it too. A huge proportion of student debt is never paid off anyway.

Rough_Justice

For those who like polls (which this time I reckon won't include so many of the "remain" persuasion), this is from YouGov's latest:
"Polling conducted in the run-up to Christmas reveals support for staying in the European Union has collapsed to just 39 per cent."

YouGov (Prefer that Britain stays in or leaves the EU):

STAY 39 (-5)
LEAVE 48 (+2)

Fieldwork 13th-19th December, changes vs 2nd October

http://www.breitbart.com/london/2017/12/27/merry-brexmas-support-for-staying-eu-collapses-to-39-per-cent/

The actual poll here makes interesting reading.
https://d25d2506sfb94s.cloudfront.net/cumulus_uploads/document/xnnrrb0gi9/Eurotrack_December.pdf
Examples?
Well more French think that in the year ahead they will be worse off than those here in the UK - and more think they are worse off over the last 12 months too.
Look at the very last three as well, beginning with "Generally speaking do you think 2017 was a good or bad year for you personally?"

kabayiri

phillw wrote: »

Every time Labour get popular we gradually lose our ability to think.

With brexit we've proved that the majority have already lost the ability to think.

Biggest Brexit voting city? Sunderland.

Biggest private employer there? Nissan.

Nissan's target export market? Europe!

Something or things have hacked off a big chunk of the voter base, that's for sure.

I'd say they are thinking alright, but maybe they misidentify the real source of their problems.

And do you know what? If people vote the way I want then I don't really worry about their rationality. After all, politicians have relied on the predictability of voting patterns for years, so why can't we.

Thrugelmir

Herzlos wrote: »

We've got free university up here (1st course) and we haven't collapsed under the tax burden.

That's a topic well discussed on a different thread. Besides which higher rate taxpayers from the next tax year will be contributing more in tax revenues to the Scottish Treasury. Some £164 million, hardly an insignificant sum.

mrginge

Herzlos wrote: »

60% are written off based on a quick Google. After 30 years at a compounded 6.1%, which inflates the balance to 590% if no payments are made.

Seems a no brained just just write it off at the start and recoup it from the tax on the highee salaries.

If you do that you have to cover 100% of the cost out of current income.

If you turn that cost into a long term debt then you get it all off current expenditure, get at least *some* of it paid off, can use it to strengthen your balance sheet and get 30 years inflation to devalue it before you have to write the balance off.

qwert_yuiop

cogito wrote: »

Heseltine? Are you being serious?

Many of us fear staying in the EU more than a Corbyn government.

Well, the point is a government can be removed quite easily at the next election, whereas brexit cannot be reversed quite so easily, if at all. Grin and bear it for a few years, if you don’t want a socialist pm but you like the eu.
If mr c wins the next election and introduces confiscatory tax above a certain level, I’m in the happy position of being able to work really hard up to that level, then taking the rest of the year off. There must be hundreds of thousands like me. Quite looking forward to playing a bit more guitar, writing songs, growing loads of veg, drinking more tea, sleeping late. Yea, a chilled life.

kabayiri

Corbyn would be an ideal Brexit tool.

Once he had run the country's finances into the ground, there would be no appetite from the EU to keep us around !

Instead, we would be asking to be the next Poland on the EU handout list. Somehow, I don't think they would be so generous.

qwert_yuiop

Rinoa wrote: »

He thought Venezuela had a brilliant socialist economy?

All was fine as long as oil stayed above $120 a barrel for ever. Some politicians nearer home made the same mistake. Can you think who they are?

Herzlos

kabayiri wrote: »

Corbyn would be an ideal Brexit tool.

Once he had run the country's finances into the ground, there would be no appetite from the EU to keep us around !

Instead, we would be asking to be the next Poland on the EU handout list. Somehow, I don't think they would be so generous.

Because May is doing such a good job of it?

What's wrong with having a leader that cares about human rights and helping everyone, rather than a party that doesn't even feel rental properties need to be fit for human habitation.

Anyway; Corbyn actually wants to leave the EU whilst May doesn't. The economy is going to be destroyed anyway.

gfplux

vivatifosi wrote: »

While looking for Brexit news stories to try to get the thread back on track, I came across an impact report on Brexit. It's a couple of years old, but incredibly detailed. I particularly like the chart outlining the different impacts on countries. Even though it is old, it stands up well to being read with two further years of knowledge under our belts:

https://www.global-counsel.co.uk/analysis/special-report/brexit-impact-uk-and-eu

The link to the PDF is just under the title. P32 contains the interesting graphic I mentioned.

Thank for the link.
If a “think tank” can produce such a document it only adds to my suspicion that “real” impact reports must have been produced by David Davis and perhaps they had to be put through the shredder!