Brexit, the economy and house prices part 5

kabayiri

Arklight wrote: »

You people have a miserable view of the world. It’s no wonder you hate everything so much.

We could have the hardest of hard Brexits and ban every foreigner from the country and you'd still find fault with everything around you.

If you really want to tackle the issue, then we have to find a way of making it profitable for millions and millions to stay at home in Africa or other poor places.

There are 3 billion really poverty stricken people on the planet. The vast resources of the EU could not even accommodate just 1% of these as refugees coming here.

So all we do create is a lottery for the vanishingly few lucky ones.

Of course, as many are finding out, when their promised car/house/job the traffickers whispered to them, fails to materialise, they are still unhappy...but in a foreign land.

lisyloo

Enterprise_1701C wrote: »

Is it so wrong to think people should obey the law?

In circumstances such as the holocaust, war etc. yes it is.
In those circumstances I'd ask why it is reasonable to expect people to obey the law?

Thrugelmir

ilovehouses wrote: »

I know it's been an ongoing objective - for example the deficit was going to be gone by 2015. How did that work out?

Never take a politicians words at face value. Osborne at least walked the plank.....

BarleyGB

Having had to read an almost continuous dribble of negativity around Brexit, mostly clickbait claims and scare stories, im curious how any ardent remainder can continue to justify an anti Brexit stance on the basis of economics.

All the macro indicators are pretty favourable, in fact im struggling to think of any year in the last 20 where the current position and medium term prospects are so positive.

I think its important to recognise that these indications aren’t about today but are market driven and in most cases price in future risk. i.e. the argument that we’ve not left the EU yet hardly stands this test.

[*]This week Sterling has recovered to pre ‘Bexit vote’ levels and the same as it was in 2012 (despite ‘pre-Brexit Vote’ various commentators suggested that Sterling was over valued
[*]Unemployment has continued to fall while total employment breaks record levels almost every quarter
[*]UK Growth is steady and the IMF have admitted that theyre going to have to revise their projection upwards for the 3rd quarter in a row
[*]Purchaser and Supplier confidence levels is at post Credit Crisis high
[*]Manufacturing output is at 10 year record high
[*]Interest rate remains at historic low, with the Bank Of England having to reverse their premature and ill considered rate rise
[*]UK Deficit continuing to reduce
[*]Housing market price increases have stabilised
[*]FTSE100 and All Share index at record levels
[*]Net immigration (a significant concern for many voters) showing signs of reducing
[*]The war, emergency budget, households being £4300 a month worse off, back of the queue for US trade deal, recession and 15% house price collapse has not happened


Just imagine what it would be like if the other 49% (now nearer 29%) could adopt a more positive stance and make the best of it. Recognise that the Remain campaign was far more misleading the Leave and get behind the UK

vivatifosi

A couple of really interesting articles in the press today.

The first is about the changing nature of the EU post Brexit and how the UK's seats will be redistributed and the changing balance of power that will result:
https://www.ft.com/content/5cff1c6e-0101-11e8-9650-9c0ad2d7c5b5

The second is about Eurasia and the potential for a post Brexit Britain.
https://www.theguardian.com/commentisfree/2018/jan/24/brexit-europe-future-eurasian-europeans-asia

kabayiri

ilovehouses wrote: »

Yes, root causes need to be tackled but miseries would still complain about money being spent to try and improve the economies of poor places. Ref: Daily Express readers....



https://www.express.co.uk/news/uk/873268/Foreign-Aid-petition-Daily-Express-budget-this-is-how-money-being-spent

Haters gotta hate.

The foreign aid budget could be cut, it doesn't solve things. Controlling birth rates is key to improving wealth levels, just look at the progress made in parts of Asia.

I'd be quite happy for our foreign aid budget to double, when we are running a surplus; not a deficit; and our debt had been significantly reduced (over 50%).

You should always adjust your outgoings according to means. Martin Lewis is always banging on about this.

kabayiri

vivatifosi wrote: »

A couple of really interesting articles in the press today.

The first is about the changing nature of the EU post Brexit and how the UK's seats will be redistributed and the changing balance of power that will result:
https://www.ft.com/content/5cff1c6e-0101-11e8-9650-9c0ad2d7c5b5

The second is about Eurasia and the potential for a post Brexit Britain.
https://www.theguardian.com/commentisfree/2018/jan/24/brexit-europe-future-eurasian-europeans-asia

Some of us have been living in the reality painted by the second article, not for months, not for years, but for a few decades now.

My colleagues (and sometimes my competitors) are often Indian and occasionally Chinese. The IT industry has trail blazed the use of outsourcing resource.

If I want a load of specialist IT resource, I don't go to Poland. This is no anti-Polish thing, it's because I can find far more people with the skills required in places like India.

The Remainer argument; that we are secure in our little EU club; is disingenuous. The future requires us to work out a profitable place between the USA and the emerging super economic powers.

Rough_Justice

An interesting POV in the Graudian re: Eurasia.

The important question today is not what Europe will look like in the future, but what Eurasia will become. What balance will the western peninsula of the supercontinent – the European Union – be able to establish with Russia, China and India? What dangerous game of influence will these four main actors be playing in the crowded space created by the end of the cold war and the rise of Asian economic power? Influence now flows in both directions, no longer only from west to east. In this new Eurasian age, the notion that Europeans are special – that a wall separates them from Asia – is quickly being exposed as a pious fiction.

https://www.theguardian.com/commentisfree/2018/jan/24/brexit-europe-future-eurasian-europeans-asia

It makes interesting reading.

Matt_L

Yes David, about time you started to see the light...

http://www.bbc.co.uk/news/uk-politics-42806207

vivatifosi

kabayiri wrote: »

The Remainer argument; that we are secure in our little EU club; is disingenuous. The future requires us to work out a profitable place between the USA and the emerging super economic powers.

One of the reasons I voted remain is that the citizens of the EU, if not necessarily the institutions thereof, know that we are at that watershed moment. I felt that the EU could be changed from inside. I completely agree though that the balance of power is shifting eastwards and that both the EU and UK need to find a route to that.

It's that old argument of David Ricardo again. Countries have to identify their own competitive advantage. I found the comment about Germany competing against China over manufacturing while we seek leadership in financial services quite compelling. Just as India has carved a niche in tech support.