Brexit, the economy and house prices part 5

tracey3596

ilovehouses wrote: »

I suspect the comment about holding off spending was tongue in cheek. People aren't really expecting a fall in the pricing of discretionary items post brexit you know.

A third of households expecting their finances to weaken in 2018 is probably closer to the truth.

My response was also tongue in cheek.
As usual, it went straight over I see.

What households expect is hardly surprising given the overwhelming tales of woe in UK media, is it?
The reality?
"Number of millionaire households in the UK surges by nearly a third in two years to 3.6m"

http://www.thisismoney.co.uk/money/news/article-5339709/Number-millionaire-households-surges-29-2-years.html

phillw

Rinoa wrote: »

Wrong. We're happy to trade tariff free with the EU which will require no border controls.

If the EU wish to apply tariffs of any description, then it is they who are responsible for the introduction of border controls.

Your comments lead me to believe you don't understand the concept of trading agreements, or you think the UK is just the most amazing country ever and other countries should be begging to do business with us, or both.

The UK wants to create tax loopholes and other insidious devices which the EU will not want to accept, once we separate from them legally then their only defence is tariffs. You might not want to believe that, but that is the "EU red tape" that people want rid of. EU law is only bad, if you are bad.

Herzlos

tracey3596 wrote: »

My response was also tongue in cheek.
As usual, it went straight over I see.

What households expect is hardly surprising given the overwhelming tales of woe in UK media, is it?
The reality?
"Number of millionaire households in the UK surges by nearly a third in two years to 3.6m"

http://www.thisismoney.co.uk/money/news/article-5339709/Number-millionaire-households-surges-29-2-years.html

I haven't read the article yet but I bet the house value is included, so it's a useless metric, and that you didn't realise that when you posted because you didn't read it either.


Ah. Housing and pension wealth. There's even a chart that highlights it:


It then goes on to state:

The richest 10 per cent of households held 44 per cent of the country's total net wealth, while the poorest half held only 9 per cent.

So whilst there are more people who are now technically millionaires due to their house and pension, the poorest half are still in the crapper.

I also think you're doing your hardest to infer that low 'unemployment' means that there's record high employment. Under-employment is still a big issue.

On top of that, I'm not sure you understand what inward investment there was and what it means to anyone, nor where the jobs are coming from. You've seen a headline (and not read the article) and are hanging onto it like a plank from a shipwreck.
Asset stripping doesn't help our economy, foreign companies buying cheap UK companies doesn't help our economy. Companies taking on more staff and building new infrastructure does help our economy, but I don't recall seeing much of that.

Thrugelmir

phillw wrote: »

The UK wants to create tax loopholes and other insidious devices which the EU will not want to accept,

The EU does not control levels of taxation (yet). Could you explain why EU countries such as Eire, Luxembourg, Netherlands are adamant they have no will to change their taxation policies. Tax is isn't paid where the trade takes place but where the brass door plate is located.

Theophile

Cheaper food after Brexit is another Leave lie that will be exposed in due time.
Promising zero tariffs on the necessities of life to those who are struggling is an easy sell.
Especially when said audience doesn't have the slightest scooby about global trade.

phillw

Thrugelmir wrote: »

The EU does not control levels of taxation (yet). Could you explain why EU countries such as Eire, Luxembourg, Netherlands are adamant they have no will to change their taxation policies. Tax is isn't paid where the trade takes place but where the brass door plate is located.

I'm not sure what your point is.

https://www.theguardian.com/technology/2017/dec/05/ireland-reaches-deal-with-apple-to-collect-13bn-in-back-taxes

Individual countries like creating tax loopholes that benefit them. It's likely that where once society accepted the casting couch but now it looks like Harvey Weinstein is going to face multiple criminal charges, similarly the EU isn't going to turn round and start being softer on tax. Which is one of the reasons some rich people paid a lot of money to fund brexit, they know the UK government will accept some bribes and make their tax bill disappear.

Having the EU as a legal unity was the best time for the average person, it just wasn't as good for rich people who wanted to take advantage. Thanks to the leave voters those rich peoples time has come. I'm sure they'll be very grateful

Thrugelmir

phillw wrote: »

Individual [STRIKE]countries[/STRIKE] companies like creating tax loopholes that benefit them.

Corrected for you. Countries still benefit from the tax paid. The loopholes are created by companies to avoid paying excessive amounts of tax. With the expertise at their disposal they are ahead of the authorities. All becomes a little mute now that Trump is introducing a low tax agenda.

Rinoa

phillw wrote: »

I'm not sure what your point is.

https://www.theguardian.com/technology/2017/dec/05/ireland-reaches-deal-with-apple-to-collect-13bn-in-back-taxes

Individual countries like creating tax loopholes that benefit them. It's likely that where once society accepted the casting couch but now it looks like Harvey Weinstein is going to face multiple criminal charges, similarly the EU isn't going to turn round and start being softer on tax. Which is one of the reasons some rich people paid a lot of money to fund brexit, they know the UK government will accept some bribes and make their tax bill disappear.

Having the EU as a legal unity was the best time for the average person, it just wasn't as good for rich people who wanted to take advantage. Thanks to the leave voters those rich peoples time has come. I'm sure they'll be very grateful

Your economic ignorance is once again revealed.

As Thrug said. EU taxes are paid where the brass plate is. So your beloved EU allows their members to steal other members tax revenues -- all perfectly legal.

Where Eire broke the rules was giving a sweetheart deal to Apple alone, treating them differently to other businesses.

HTH.

Incredible_1

Theophile wrote: »

Cheaper food after Brexit is another Leave lie that will be exposed in due time.
Promising zero tariffs on the necessities of life to those who are struggling is an easy sell.
Especially when said audience doesn't have the slightest scooby about global trade.

Why should they need "the slightest scooby about global trade"?
Lower prices they will notice. Despite your premonitions the vast body of evidence agrees that the EU makes for artificially high food prices.
I would post links but you don't seem to like them.
Funny that when they prove the opposite to your opinions.

gfplux

tracey3596 wrote: »

My response was also tongue in cheek.
As usual, it went straight over I see.

What households expect is hardly surprising given the overwhelming tales of woe in UK media, is it?
The reality?
"Number of millionaire households in the UK surges by nearly a third in two years to 3.6m"

http://www.thisismoney.co.uk/money/news/article-5339709/Number-millionaire-households-surges-29-2-years.html

All those rich Brits will be very upset with this news.

http://www.europeanscom.eu/loch-fyne-oysters-boss-fears-future-eu-workers-stay-home-brexit/

Quote
THE boss of one of Scotland’s best known seafood companies has outlined his fears for the business post-Brexit after one third of staff expected to arrive from the continent in last year’s peak season didn’t turn up.

Cameron Brown has said the UK’s divorce from the European Union was already “presenting many challenges” to Loch Fyne Oysters.

And he called for clarity from the UK government on its plans for future trade deals and labour movement.
end quote