Brexit, the economy and house prices part 5

gfplux

This is just a small irritation and hardly matters in numbers of jobs.
It!!!8217;s just contingency planning.
https://uk.reuters.com/article/uk-ford-motor-britain-eu/ford-has-applied-for-german-banking-licence-due-to-brexit-frankfurter-allgemeine-idUKKBN1FS36Y?utm_campaign=trueAnthem%3A+Trending+Content&utm_content=5a7cd7f104d3015a91d6731b&utm_medium=trueAnthem&utm_source=facebook
Quote
Should Britain leave the EU as planned, Europe!!!8217;s banking supervision might no longer permit Ford to steer its car financing business on the continent out of Britain, the paper said.
End quote

gfplux

This story is perfect Brexit.
Why would anybody buy now when food and clothing will be much cheaper after Brexit.
http://www.cityam.com/280413/retailers-suffer-worst-footfall-and-spending-half-decade

Quote
Britain's retailers have been dealt another blow at the start of 2018, suffering the worst January for sales and footfall in half a decade.

Figures released today by retail experts Springboard show footfall dropped by 1.6 per cent last month, the worst result for January since 2013, with customer numbers on high streets falling by 1.9 per cent.

Furthermore, consumer spending declined 1.2 per cent, according to Visa, the first January fall for five years. High street spending slumped by as much as four per cent.

End quote

ukcarper

BobQ wrote: »

But not all four of them. I doubt you can say at least one. Do you think that free movement of capital, goods and services is a reason why someone might have voted Leave. I accept that immigration may have been a reason for voting Leave but that is a very simplistic view of Freedom of Movement. The assumption that they personally would have got a better job, faster healthcare, or a cheaper house if there was no FoM ignores the fact that we have been less able to afford healthcare, builders would have built less houses and jobs are often created by the economic activity that the labour provides.

But I do accept that for many the EU was the cause of whatever problem they had, the problem was not in themselves of course.

I think that the two main reasons were FOM and lbeing subject to EU rules, which none of proposed solutions address. I agree that FOM has not been the major cause of people’s problems and many of the problems could and should have been addressed. It’s fine if people disagree with result and campaign to change it. I would have a lot more respect for all remain supporting politicians if they didn’t start every sentence with the words “I accept the result of referendum”.

ukcarper

BobQ wrote: »

A host of things ranging from principled stands to accept that we must regain complete sovereignty whatever the cost or EU has too much regulation; to irrational views that the EU is responsible for decline in manufacturing jobs or immigration from India.

You may have thought the issues through and made a rational decision but I doubt most did. Whatever wen may disagree on, I hope we can agree that it was a terrible campaign with lots of lies on both sides.


,

It was a terrible campaign on both and many of the politicians who now are complaining are responsible for the result by not addressing the problems when they had the chance. For to long anybody complaining about immigration has been labelled a raciest and sensible discussion suppressed.

tracey3596

gfplux wrote: »

This story is perfect Brexit.
Why would anybody buy now when food and clothing will be much cheaper after Brexit.
http://www.cityam.com/280413/retailers-suffer-worst-footfall-and-spending-half-decade

Quote
Britain's retailers have been dealt another blow at the start of 2018, suffering the worst January for sales and footfall in half a decade.

Figures released today by retail experts Springboard show footfall dropped by 1.6 per cent last month, the worst result for January since 2013, with customer numbers on high streets falling by 1.9 per cent.

Furthermore, consumer spending declined 1.2 per cent, according to Visa, the first January fall for five years. High street spending slumped by as much as four per cent.

End quote

:rotfl:
You answered your own question there!
Food you can't really put off buying, but the rest you can.
Maybe that is why spending and footfall have declined.

(Well, you can't have it both ways.)

tracey3596

Backbiter wrote: »

I don't suppose Tracey's got around to posting this link yet:

https://www.thetimes.co.uk/article/brexit-wiped-out-7-7bn-of-business-investment-says-bank-of-england-9h56fgpjs

And as for Daniel Hannan:


These were the costs denounced as Project Fear, but which he now acknowledge s were real, unlike the fabricated £350m a week on the Brexit bus.

And yet we saw record levels of investment AND record highs of employment!
The two don't really agree do they and strangely only one is fact, proven by figures.
The other is yet more BoE "Project Fear"-type nonsense.

phillw

tracey3596 wrote: »

And yet we saw record levels of investment AND record highs of employment!
The two don't really agree do they and strangely only one is fact, proven by figures.
The other is yet more BoE "Project Fear"-type nonsense.

You're comparing apples to oranges and then complaining that the EU won't let you sell bananas.

Investment was driven by foreigners buying in after the sterling crash, I don't understand why leavers hold it up as a benefit.

ukcarper wrote: »

For to long anybody complaining about immigration has been labelled a raciest and sensible discussion suppressed.

From my point of view, the arguments were always railroaded by the xenophobes. I'm frustrated now that the xenophobes long term plan has worked, but all I can do now is wait for the 52% to come round and then we can have sensible discussions again. There is still too much "you lost get over it" for the time being.

ukcarper wrote: »

I would have a lot more respect for all remain supporting politicians if they didn!!!8217;t start every sentence with the words !!!8220;I accept the result of referendum!!!8221;.

Ok, I don't accept the result of the referendum. I believe it happened, but I don't accept it. Any more than the elite tory euro sceptics and their sock puppet nigel farage accepted the result of the previous referendum.

ukcarper

ilovehouses wrote: »

I think the referendum started and ended with immigration. It doesn't much matter. There was a vote to leave the EU and it looks like a nailed on certainty that's going to happen.

If there's something you, I or a brexiteer want in addition and it's not delivered then we will have the opportunity to punish the government in due course which is the way the democratic process works.

I think the damage has been done and there is no going back we will have to let it play out and hope after all the bluster from both sides a reasonable settlement is reached. If it then becomes apparent the more pessimistic predictions are going to come true people will have to campaign for another referendum. Although I don!!!8217;t think we will be able to negotiate a return under our present terms and selling that might prove difficult.

phillw

ilovehouses wrote: »

If there's something you, I or a brexiteer want in addition and it's not delivered then we will have the opportunity to punish the government in due course which is the way the democratic process works.

I don't ever recall seeing a politician who was punished more than their constituents. So I don't think you should go into it believing they will care, or that you can level the playing field after the event. Like putting yourself into a dangerous situation and thinking, "it's fine if I'm dead then my killer will probably be arrested and put in prison for a few years".

tracey3596

phillw wrote: »

You're comparing apples to oranges and then complaining that the EU won't let you sell bananas.

Investment was driven by foreigners buying in after the sterling crash, I don't understand why leavers hold it up as a benefit.



From my point of view, the arguments were always railroaded by the xenophobes. I'm frustrated now that the xenophobes long term plan has worked, but all I can do now is wait for the 52% to come round and then we can have sensible discussions again. There is still too much "you lost get over it" for the time being.



Ok, I don't accept the result of the referendum. I believe it happened, but I don't accept it. Any more than the elite tory euro sceptics and their sock puppet nigel farage accepted the result of the previous referendum.

That's an awful lot of words to say precisely nothing.

You are wrong.
You can't realistically expect people to believe that the UK has lost investment when at the same time the UK has seen record levels of investment.
As to reasons why, you're just blustering. It happened. Record inward investment. Huge numbers of jobs created. Record employment levels.

Use logic and think where - if you think you're right - these supposed jobs from your supposed investment that's supposedly lost would be filled from when we're officially at full employment?
It makes no sense, does it?

Yes, we know you don't like Brexit.
Tell Barnier & Co who seem to be hell-bent on pushing for the hardest Brexit possible.
He's the one you really ought to be venting your spleen at, yet strangely you're silent there.