Brexit, the economy and house prices part 5

Rough_Justice

Despite the attempts of others to describe the UK as teetering on a supposed cliff-edge because of Brexit it seems that we as a country continue to manage very nicely thank you.

Following 2016's growth of 1.8% (Fastest in the G7 alongside Germany who had trailed the UK for the previous two years) growth for 2017 is forecast to remain stable at 1.8%.

Separate data showed consumers reined in their borrowing - welcome news for the Bank of England, which has leaned on banks to reduce risky lending.

The IHS Markit/CIPS services Purchasing Managers’ Index (PMI) rose to 54.2 in December, its second-highest reading since April, beating forecasts in a Reuters poll that it would remain at November’s 53.8.

https://uk.reuters.com/article/uk-britain-economy-pmi/uk-firms-report-brighter-q4-consumers-slow-borrowing-idUKKBN1ET0XT?il=0

fewgroats

Rough_Justice wrote: »

Despite the attempts of others to describe the UK as teetering on a supposed cliff-edge because of Brexit it seems that we as a country continue to manage very nicely thank you.

This is bad English, RJ. How can anyone attempt to describe anything unless nothing comes out? The cliff edge is an obvious metaphor so of course it is supposed.

The country does very nicely, thank you. But the country is still is in EU, so it means nothing. You need to look at countries which have left the EU to see how they have coped, if you can find them.

setmefree2

Rough_Justice wrote: »

Despite the attempts of others to describe the UK as teetering on a supposed cliff-edge because of Brexit it seems that we as a country continue to manage very nicely thank you.

Beyond stupid. This time ten years we were in the eye of a real storm - the banking crisis and credit crunch and oil at $150 - we would have dreamed of today..reminds me of the Monty Python sketch - the 4 yorkshire men

EI: Right. I had to get up in the morning at ten o'clock at night, half an hour before I went to bed, drink a cup of sulphuric acid, work twenty-nine hours a day down mill, and pay mill owner for permission to come to work, and when we got home, our Dad and our mother would kill us, and dance about on our graves singing 'Hallelujah.'
MP: But you try and tell the young people today that... and they won't believe ya'.
ALL: Nope, nope..

And here we are today. Life is so much better. Yet some people are buried in negativity.

Sad. I feel real sorry for them tbh. They have lost all perspective. It's only when the next real crisis hits will they realise how foolish they've been wallowing in misery for years.

Herzlos

Rough_Justice wrote: »

Are you just in denial?
What about this quote direct from Juncker himself:
https://www.reuters.com/article/us-britain-eu-juncker/no-other-countries-will-quit-eu-after-britain-eu-chief-juncker-idUSKBN16P0PF

How about this from Tusk:
https://uk.reuters.com/article/uk-britain-eu-tusk/tusk-says-eu-mustnt-let-britain-profit-from-brexit-polish-media-idUKKCN0ZT0WE

Even some MEP's accept publicly that the EU will try to punish the UK for their temerity in leaving the EU including Italian Fabio Massimo Castaldo, Czech Jiri Payne and this:
http://www.telegraph.co.uk/news/2017/07/19/eus-brexit-chiefs-want-punish-britain-stop-countries-leaving/

Even the attempts aren't working though, are they?
Ask the Visegrad group or - as mentioned before - the Swiss just for a few examples of current anti-EU sentiment.

Yeah, because leaving without any sort of plan is stupid, not because the EU is going out of it's way to punish us. You're taking "example" to mean they are "making an example of us" they aren't - they are just not letting us get everything we want without paying for it. Exactly like we'd do if we had the upper hand on anything.

System

Rough_Justice wrote: »

Despite the attempts of others to describe the UK as teetering on a supposed cliff-edge because of Brexit it seems that we as a country continue to manage very nicely thank you.

Following 2016's growth of 1.8% (Fastest in the G7 alongside Germany who had trailed the UK for the previous two years) growth for 2017 is forecast to remain stable at 1.8%.


https://uk.reuters.com/article/uk-britain-economy-pmi/uk-firms-report-brighter-q4-consumers-slow-borrowing-idUKKBN1ET0XT?il=0

It's reasonable news although I don't see what 2016 growth has to do with the price of cheese. Oh wait - you're not still proving the sun rose following the day after the referendum are you?

Also, if it's worth mentioning the UK's growth in 2016 was the fastest in the G7 how come the 2017 forecast figure isn't put into such context? Not because we went from the fastest in the G7 to slowest in the following three quarters is it by chance?

System

tracey3596 wrote: »

Secondly because the Trade Secretary Liam Fox has very clearly said "We don’t know what the success of the TPP is going to yet look like, because it isn’t yet negotiated. So it would be a little bit premature for us to be wanting to sign up to something that we’re not sure what the final details will look like"

Do you really need Liam Fox to help you putting together a statement of the bleeding obvious?

Rinoa

Herzlos wrote: »

It'd look exactly the same. We're small in the context of the EU, and they aren't treating us unfairly.

They aren't treating us how we'd like, but they aren't doing anything unfair.

A number of MEPS from various countries believe they are.

Tromking

setmefree2 wrote: »

https://www.express.co.uk/news/world/899441/EU-Switzerland-Juncker-stock-exchange-Doris-Leuthard-Social-Democrats-Swiss-People-s-Party


If you don't like The Express

https://www.ft.com/content/e705c25e-ce90-3854-b09c-03459a53e124

Probably not a good time for the EU to be handing out unlimited financial market access to 3rd country stock exchanges.

tracey3596

I see the bleating of certain remainers is increasing both in verbosity and in disdain because they are otherwise incapable of refuting the facts which they obviously don't like.
Shame.

More evidence from the EU of the strength of feeling in favour of a United States Of Europe with this from Der Spiegel, by an EU Commissioner:

European Commissioner Günther Oettinger, 64, says in an interview with DER SPIEGEL that a United States of Europe is a worthwhile goal. He urges Germany to take French President Macron's proposals seriously -- and to form a government as soon as possible

http://www.spiegel.de/international/europe/eu-commissioner-guenther-oettinger-on-reform-macron-and-germany-a-1186035.html

Will the EU politico's get their way and try to impose this plan via the back door? The EU do have form for similar behaviour, after all - and it does seem that the French & the Germans are the most "up" for this plan before any propaganda has even started.
https://www.politico.eu/article/united-states-of-europe-germans-french-most-in-favor-poll/

As for Germany's coalition, so fragile are discussions that a news blackout has been agreed whilst talks are in progress.
https://uk.reuters.com/article/uk-germany-politics/german-would-be-coalition-partners-agree-news-blackout-during-talks-spiegel-idUKKBN1ET1JH?il=0

Who gets the feeling that were the same blackout to be in place during Brexit negotiations, certain remainers would still be bleating? Not to mention that Junckers, Barnier, Verhofstadt, Tusk etc. might have more time and energy to devote to these discussions rather than their attempts at grandiose preening in front of media.

tracey3596

Tromking wrote: »

Probably not a good time for the EU to be handing out unlimited financial market access to 3rd country stock exchanges.

Even when the Swiss paid for access.
Another example of EU bullying TBH, and small wonder that so many Swiss are riled.

Switzerland – which is not in the EU – had pushed for an unlimited deal after it paid in over €1bn in EU cohesion funding to secure full regulatory “equivalence”.

(From the FT link.)
Here's another take:
https://euobserver.com/foreign/140391