Brexit, the economy and house prices part 5

Thrugelmir

kabayiri wrote: »

I just don't get this.

Why would the EU worry about the UK competition when there are the likes of China; India; and a resurgent USA on the horizon?

If the UK flourishes outside the EU. Then others may follow. The EU as yet isn't benefitting all. Gordon Brown preached to the world about prudence etc. As time has shown on many an occassion in the past. Politicians are great at producing hot air in the short term. Not long term results. The rapid expansion of the EU is still in it's infancy. Jury is out as to whether there's sustainable benefit of being part of the club.

cogito

gfplux wrote: »

This opinion piece from the co founder of Bloomberg.
https://www.bloomberg.com/view/articles/2018-02-09/greece-is-up-and-the-u-k-is-down-since-brexit-vote?utm_source=POLITICO.EU&utm_campaign=fe55d4ef27-EMAIL_CAMPAIGN_2018_02_09&utm_medium=email&utm_term=0_10959edeb5-fe55d4ef27-190026745
Quote
So much for wishful thinking. In a role reversal not even the most prescient dared to anticipate, Greece is growing faster than the U.K. and outperforming it in financial markets. That's because Greek citizens, who rejected bailout terms from EU creditors in a July 2015 referendum, never embraced a rupture with Europe or the return to a drachma-based economy. Now that Europe is leading the developed world in growth, productivity and job creation after the euro gained 14.2 percent last year !!!8212; the most among 16 major currencies and the strongest appreciation since 2003 !!!8212; Greece is the biggest beneficiary and Britain is the new sick man of Europe.
End Quote

Of course he might be considered an expert observer which does make his opinion suspect.

Another quote
For the first time in at least five years, U.K. growth is inferior to the euro zone's, and 53 economists surveyed by Bloomberg predict that Europe's superior increase in gross domestic product last year will continue through 2019. The same analysts also forecast that Greece will overtake Britain in GDP growth. They expect Greece to see its GDP rise 2.15 percent this year and 2.2 percent in 2019 as the U.K. grows 1.4 percent and 1.5 percent. The euro zone is poised to expand 2.2 percent and 1.8 percent during the next 24 months, according to data compiled by Bloomberg.
End quote

I can not quote the whole article and I have used paragraphs that support my opinion. I look forward to reading further quotes from this article posted by Brexiters

GDP in Greece has fallen by 40% since 2008 and is at around the same level that it was 15 years ago. By comparison, the Great Depression started in the USA in 1929 and by 1933, GDP had fallen by 40% after which it started to grow again by around 10% per annum and by 1940 had recovered to pre-depression levels. You might say that to compare Greece with the USA is ridiculous and it is. It is also ridiculous to compare Greece with the UK whose economy is 12 times larger than Greece and whose GDP took only three years to recover to pre-crash levels. That Greece is showing its first GDP growth in ten years is a tribute to the support it has received from its fellow EU members. Not.

Tromking

tracey3596 wrote: »

Katya Adler - you know, her that as part of the Brussels Broadcasting Corporation has been spouting so much pro-EU drivel - here acknowledges what some have been saying about the EU.
Will the Europhiles here who seem to so devoutly believe what our media tells us accept this as fact too?


https://www.express.co.uk/news/uk/916958/Brexit-news-update-latest-UK-EU-Michel-Barnier-BBC-Brexitcast-Katya-Adler

Oh and if you must decry her comments try playing the ball, not the man? That being the BBC Radio 5 sound track and what Katya says which is included in that link.

If this narrative is true then its nice to see the tables turned on an EU where careers in the past have been built on winding up the Brits and generally mocking the UK's traditional scepticism toward the EU project. Barnier himself being a case in point.
The EU 'allowing' the UK to leave is as potentially disasterous for the EU as some Remainers predict Brexit will be for the UK.

gfplux

cogito wrote: »

GDP in Greece has fallen by 40% since 2008 and is at around the same level that it was 15 years ago. By comparison, the Great Depression started in the USA in 1929 and by 1933, GDP had fallen by 40% after which it started to grow again by around 10% per annum and by 1940 had recovered to pre-depression levels. You might say that to compare Greece with the USA is ridiculous and it is. It is also ridiculous to compare Greece with the UK whose economy is 12 times larger than Greece and whose GDP took only three years to recover to pre-crash levels. That Greece is showing its first GDP growth in ten years is a tribute to the support it has received from its fellow EU members. Not.

It’s good to know you know so much.
I suggest you tell the author and editors of the article. I am sure they would like to hear from the.
These are the contact details.

To contact the author of this story:
Matthew Winkler at mwinkler@bloomberg.net

To contact the editor responsible for this story:
Jonathan Landman at jlandman4@bloomberg.net

However if you are shy I could always do it on your behalf. Just give me permission.

wunferall

gfplux wrote: »

It’s good to know you know so much.
I suggest you tell the author and editors of the article. I am sure they would like to hear from the.
These are the contact details.

To contact the author of this story:
Matthew Winkler at mwinkler@bloomberg.net

To contact the editor responsible for this story:
Jonathan Landman at jlandman4@bloomberg.net

However if you are shy I could always do it on your behalf. Just give me permission.

There's no need for your sarcasm and the figures regarding Greece's demise at the hands of the EU are widely available. Considering the residence of the poster you quote, are you surprised at their knowledge?

That's what happens if you spout of an opinion (as that piece does) that you decide will be based upon selective data.
Considering your post history on this thread you should realise that by now.

FYI Greece's GDP has fallen by well over 40% so that poster was being generous.
2008 = $354.46billion
2016 = $194.56billion
That's over 45%

https://tradingeconomics.com/greece/gdp

wunferall

kabayiri wrote: »

I just don't get this.

Why would the EU worry about the UK competition when there are the likes of China; India; and a resurgent USA on the horizon? That's where EU has been losing global trade to for the last 30 years+.

Whilst the EU struggles with youth unemployment, particularly in the South, there are reports that very soon China will produce 40% of the worlds' graduates.

40%!! The future relies on cutting edge skills, and they are setting the benchmark.

I think most people know we can not carry on doing the same old thing, and assuming we remain wealthy on the world stage. We have to change.

So why do we think the EU can avoid change?

It absolutely can not, IMO, and the EU political core know this. Their preferred plan is much greater integration and tighter control from the centre. How do they carry out this plan without rupturing from internal division with the Eastern states.

One word pure and simple.
Protectionism.
I often wonder if the EU will ever realise how damaging that is.
:undecided

Moby

Rinoa wrote: »

What? Minimum wage far higher than under Labour even allowing for inflation. Millions of low paid now don't pay income tax like they did under Labour. Those on zero hour contracts will soon have holiday and sick pay rights enforced and will be able to demand more stable contracts. Your beloved Labour never offered such luxuries.

That's rich and straight out of the Tory playbook. Labour brought in the minimum wage which incidentally the tories opposed. Also big of them to offer rights that should have been standard years ago after 8 years in power and how do you know May will enforce the recommendations, she's not done anything of value yet at all. I haven't had a pay rise for 8 years under these tories! What do Gove, Johnson, Deadwood, Duncan Smith, Fox possibly have to offer working people. This is our future:-

http://www.independent.co.uk/news/uk/politics/brexit-no-deal-cost-uk-economy-252-billion-pounds-theresa-may-eu-leave-analysis-outcomes-a8203136.html


This is the plan to cope with the shock of Brexit:-
https://www.theguardian.com/politics/2018/feb/09/may-turns-to-chinese-billionaire-for-ideas-on-post-brexit-trade

Others told Bloomberg that the government had begun studying the American tech giant Amazon to learn more about how companies navigated complex international rules to provide a smooth service for customers.

The prime minister was convinced companies such as Alibaba and Amazon could help Britain keep a smooth flow of goods across borders even under new post-Brexit customs rules, Bloomberg reported.

Instead of being like Germany with a high skill workforce we are going to be a new Hong Kong,

wunferall

Moby wrote: »

That's rich and straight out of the Tory playbook. Labour brought in the minimum wage which incidentally the tories opposed. Also big of them to offer rights that should have been standard years ago after 8 years in power and how do you know May will enforce the recommendations, she's not done anything of value yet at all. I haven't had a pay rise for 8 years under these tories! What do Gove, Johnson, Deadwood, Duncan Smith, Fox possibly have to offer working people. This is our future:-

http://www.independent.co.uk/news/uk/politics/brexit-no-deal-cost-uk-economy-252-billion-pounds-theresa-may-eu-leave-analysis-outcomes-a8203136.html


This is the plan to cope with the shock of Brexit:-
https://www.theguardian.com/politics/2018/feb/09/may-turns-to-chinese-billionaire-for-ideas-on-post-brexit-trade





Instead of being like Germany with a high skill workforce we are going to be a new Hong Kong,

Well maybe if you had listened to those whose experience had led them to make their fortunes when you were younger you might have been sufficiently influenced to have chosen a career that had given you regular pay rises over the past eight years.
I did, and I have. (I am not alone in that either.)

It's interesting that you choose to compare the UK to a former colony too.
Seemingly you are unaware that Hong Kong's average GDP growth in the last 40-odd years has averaged over 5% or that their services sector is by far the largest contributor to their GDP. In 2017 growth is estimated to be 4.3% FYI.

So for that alone I personally am pleased that at last you are beginning to realise that the UK can indeed become (how did you phrase it? Ah yes ..) "a new Hong Kong".
You're right; much better than a troubled Germany, isn't it?
:T

gfplux

wunferall wrote: »

There's no need for your sarcasm and the figures regarding Greece's demise at the hands of the EU are widely available. Considering the residence of the poster you quote, are you surprised at their knowledge?

That's what happens if you spout of an opinion (as that piece does) that you decide will be based upon selective data.
Considering your post history on this thread you should realise that by now.

FYI Greece's GDP has fallen by well over 40% so that poster was being generous.
2008 = $354.46billion
2016 = $194.56billion
That's over 45%

https://tradingeconomics.com/greece/gdp

Thank you.

Theophile

tracey3596 wrote: »

Katya Adler - you know, her that as part of the Brussels Broadcasting Corporation has been spouting so much pro-EU drivel - here acknowledges what some have been saying about the EU.
Will the Europhiles here who seem to so devoutly believe what our media tells us accept this as fact too?


https://www.express.co.uk/news/uk/916958/Brexit-news-update-latest-UK-EU-Michel-Barnier-BBC-Brexitcast-Katya-Adler

Oh and if you must decry her comments try playing the ball, not the man? That being the BBC Radio 5 sound track and what Katya says which is included in that link.

Not trying to play the man here but it looks like you didn't you read the article, nor listened to the broadcast. Again.

Speaking on BBC Radio 5 Brexitcast, Ms Adler said: "Let’s imagine a scenario where the EU says, ‘UK we love you, you know we love you and you know that we don’t want you to leave and you know that we want to keep you really close, so let’s do a really advantageous free trade deal and let’s add some financial services into that.
“‘And we’ll give you everything you want. But you’re also free to make arrangements with anybody else you like where you may change your prices and become much more competitive than us’ .

So, basically, simply a confirmation that we won't be getting a 'have cake and eat it' deal. Not really news is it?