Brexit, the economy and house prices part 5

tracey3596

You know those tens of thousands of city jobs moving because of Brexit as foretold by doom and gloom merchants?
Here's another in the industry saying that they got it wrong, this time Deutsche Bank!
Of the 8,600 employed by them in the UK they said last year that 4000 might be affected.

“Not thousands will move from London, but rather hundreds”, Stefan Hoops, the head of Deutsche Bank’s capital market division in Germany, told journalists on Wednesday.

https://uk.reuters.com/article/uk-deutsche-bank-brexit/deutsche-bank-to-move-fewer-london-jobs-than-expected-due-to-brexit-idUKKBN1F61G7?il=0

tracey3596

Herzlos wrote: »

You're not getting a massive reduction in immigrants - the Tories have said as much. India won't di a trade deal unless it results in more migration, and I doubt they are the only one.

From someone who keeps harking on about "irrelevant" because it doesn't suit, you then talk about India and UK migration!
:rotfl:

Yet again although no doubt you will ignore it like you have before, it's the unqualifieds and those turning up "on spec" in the hope of a job that will reduce.

the decrease was driven by fewer people coming to the
UK “looking for work” (down 56,000 to 74,000)

https://www.ons.gov.uk/peoplepopulationandcommunity/populationandmigration/internationalmigration/bulletins/migrationstatisticsquarterlyreport/november2017
We have enough car washers now I think, don't you?

There are benefits to this reduction in "wannabee" migrants including that wages are already starting to rise and more.
No, not my say-so.
The BOE's.

Wage growth is likely to rise to 3 percent or higher this year, Saunders said. The last time British wages grew more than 3 percent on a sustained basis was in 2009.

Saunders also said Britain’s departure from the EU, and a stronger economy in continental Europe, meant that downward pressure on British wage growth from high levels of unemployment in other parts of the EU was likely to reduce.

https://uk.reuters.com/article/uk-britain-boe-saunders/uk-jobless-rate-set-to-fall-to-fresh-low-in-2018-boes-saunders-idUKKBN1F61CM

tracey3596

Arklight wrote: »

Yes, and most of them are inside other trade organisations.


Canada the US and Mexico are part of NAFTA, SE Asian nations are part of ASEAN, Bangladesh, China, India, Lao and S Korea are part of APTA.


Do you understand?

It looks like you don't understand.
There's a heck of a difference between a trade organisation and a political union which the EU has transformed into; had it remained as the Common Market (a trade organisation) I suspect that we would not now be leaving.

Nafta?
Oh, what a bad example regardless, as cogito has already pointed out. And it looks like getting worse.
http://www.telegraph.co.uk/business/2018/01/14/nafta-could-collapse-within-week-fitch-warns/

triathlon

House prices falling in London is a bit of a myth from where I am sitting in South London, OK in certain parts of bubble land where total insanity broke out prices might have fallen slightly.

Brexit has proven to have made no difference to prices, and if anything a full on Brexit is going to make things better in London, as far as I am concerned immigrants and foreigners have just run down certain areas, that will change.

I certainly the property bubble 2 will be here after a slight breather

Eric_the_half_a_bee

triathlon wrote: »

a full on Brexit is going to make things better in London, as far as I am concerned immigrants and foreigners have just run down certain areas, that will change.

I can only assume you think all Brexiteers are thick racists and are attempting to be satirical

Thrugelmir

triathlon wrote: »

Brexit has proven to have made no difference to prices,

Probably because EU migration hasn't been the single driving factor. Hot money from elsewhere in the world looking for a safe home has underpinned the market as well.

Thrugelmir

Rough_Justice wrote: »

NHS funding is reliant upon a proportion of GDP and despite warnings that the UK's GDP would fall as a result purely of voting to leave the EU the economy continues to grow.

GDP has no direct corralation to tax revenues generated. GDP doesn't pay for the NHS............

ukcarper

Herzlos wrote: »

It was on the day in question. It's now over 18 months out of date. Does it still represent the will of the people? It was inconclusive then but it's inconclusive and obsolete now.

Why are you so scared of establishing the will of the people?

I’m not I voted remain but accept the result of referendum which you clearly don’t. You could call another referendum on the basis of a couple of polls but what happens if those polls change.

triathlon

Yes. EU migration has made minimal difference to the UK housing market, if anything it has probably deflated house prices.

Brexit = racist, yawn!

One of these days people like you are going to deflate snd abuse that expression so much it will become meaningless .

I and millions of others have a big issue with migration into this country, there is stuff that cannot be talked about in any public forum because of people like you, that's why they voted Brexit and will probably do something even more stupid like vote a Trump clone into No 10

gfplux

Whatever has the EU done, well this is New this week.
http://metro.co.uk/2018/01/13/eu-ban-rip-off-card-surcharges-comes-force-today-7226626/?ito=social.t26
—-
“Surcharges cost Brits around £166 million a year but today’s ban will make it unlawful for retailers to charge these fees. The new rules will be enforced by Trading Standards who will have the power to take civil enforcement action against traders who breach the regulations.”
——-