Brexit, the economy and house prices part 5

Lornapink

LHW99 wrote: »

OK how about -
Primacy of Parliamentary Statute will be restored
Art market won't require a European export license as well as a UK one for art, antiques and collectibles
Key industries can benefit from Government support that is outside the EU state aid rules, if Parliament judges that necessary.

Quite, and here's another Brexit benefit, this time for the City;

New EU Mifid2 regulations killing City business. Leaving the EU will allow us to restore City trade.

https://semperfidem2004.wordpress.com/2016/08/16/brexits-non-impact-on-the-city-of-london-follow-the-money/

phillw

LHW99 wrote: »

OK how about -
Primacy of Parliamentary Statute will be restored

Taking the decisions from a large group of people who have differing opinions & so are likely to try to make sure that everyone is happy, to giving the decisions to a rather small group of people who offshore their money while telling you not to.

LHW99 wrote: »

Art market won't require a European export license as well as a UK one for art, antiques and collectibles

That is good for criminals I guess.

LHW99 wrote: »

Key industries can benefit from Government support that is outside the EU state aid rules, if Parliament judges that necessary.

This one was worth staying in the EU all on it's own. Government should never ever be allowed to support industry, look at the mess it got us into last time.

Lornapink

phillw wrote: »

The express makes my skin crawl, so that was a painful read. However I can't find the words "Brexiteer's argument becomes reality". It's just more far right propaganda designed to keep the suckers on the hook.

Our day 1 argument was that in the end, trade will trump the machinations of Brussels bureaucrats. Of course a very good trade deal will be delivered otherwise key European export nations will be badly damaged AND at a time of having to make up the lost British EU membership fee.


Remain's day 1 mistake was in thinking trade would play second fiddle.

Theophile

Lornapink wrote: »

Funny thing is I tend to prefer actions over mere words and forecasts

Agreed.
Everyone should read this why expert predictions are usually wrong;
https://www.amazon.co.uk/Future-Babble-Expert-Predictions-Believe/dp/0753522365

Filo25

Q4 GDP revised downwards, softer than expected, looks like being the slowest in the G7 for 2017, business investment still looking weak, ignoring anyone's views on Brexit I don't think the ongoing uncertainty on Britain's status in the near future is making it easy for many businesses to plan their future

I think many in business have quietly assumed that something would be worked out on the softer side of Brexit but the political winds may not be blowing in that direction anymore, the massive differences in the Tory party seem to be coming to a head.

If May ends up getting the boot and replaced by one of the Hard Brexiteers do they have the votes in Parliament to push through the kind of hard Brexit that would please some on here, I have severe doubts.

The whole thing is looking a bit of a mess.

Even if May survives her current Brexit difficulties, can she make it through what is likely to be a disastrous showing for the Tories in the metropolitan areas in the council elections in May?

Filo25

Guh_Guh_Gok wrote: »

Oh just in time. Go on then what are Japan or Italy going through that would make their growth lower than the UK that compares to the uncertainty of Brexit?

Demographics continue to weigh heavily on Japan I would imagine, Italy has a host of issues to deal with some structural, massive migrant inflows from North Africa can't be helping.

The UK has slid down the tables though, you can argue how far depending on exactly how you measure the numbers.

Some of the interest rate hawks already backing down a little based on the limited data we have seen so far in 2018

Tromking

phillw wrote: »

The express makes my skin crawl, so that was a painful read. However I can't find the words "Brexiteer's argument becomes reality". It's just more far right propaganda designed to keep the suckers on the hook.

I think for the "hard right" you need to wend your way to the Bundestag in Berlin, 94 of the !!!!ers have just been voted in by the German people.
The "hard right" are currently polling second in German and Sweden apparently. Is this really the economic and political block we need be to exposing our much admired liberal tolerant sensibilities to?

Lornapink

Filo25 wrote: »

Q4 GDP revised downwards, softer than expected, looks like being the slowest in the G7 for 2017, business investment still looking weak,

You have to factor-in the fact we pulled through the crash far quicker than most of the EU and we're further into the economic cycle. I'm happy with sustainable levels of growth given Brexit uncertainties (dates, deal etc). Post-Brexit growth will be startling.

BOE have revised-up the wage growth forecast for 2018 again - Brexiteers predicted decent wage growth as EU labour inflows slowed. This is EXACTLY what the left-behind's demanded with their Brexit protest vote.


Productivity growth strongest since financial crisis
http://www.bbc.co.uk/news/business-43140646

Lornapink

Tromking wrote: »

I think for the "hard right" you need to wend your way to the Bundestag in Berlin, 94 of the !!!!ers have just been voted in by the German people.
The "hard right" are currently polling second in German and Sweden apparently. Is this really the economic and political block we need be to exposing our much admired liberal tolerant sensibilities to?

As I've said before this far-right tsunami is sweeping Europe, from Austria to Czech Republic, Poland to Germany. Remainers are in total denial if social media is anything to go by.

They think they can reverse Brexit and it will be peace & harmony. It wont. It will make the poll-tax rights look like a picnic. A referendum on English independence would rapidly occur.

Arklight

gfplux wrote: »

Here is an Indian view written by a London based correspondent.

http://www.tribuneindia.com/news/comment/a-disunited-kingdom/547002.html

I will not post any of the content. It is a three minute read.

Hopefully it will not discourage all those seasonal workers that will be invited to Britain after Brexit.

I!!!8217;m anti Brexit and quite fond of India, but that article is complete cobblers. There is a large seam of imperial overhang resentment in India which is understandable. But when you've seen villages in Gujarat that have no running water in 2018 you wonder how a London based correspondent can report home that the UK is experiencing 'extreme impoverishment.'

What the article does sum up though, is what India as a country thinks about the UK. They aren!!!8217;t especially OK with Britain's colonial past, which in many ways was no different to the USA's slavery, complete with the absence of reparations or any obvious remorse whatsoever.

The restrictions on visas to South Asians was taken as a personal slap in the face directed at India that they are still fuming about. Britain is going to have to offer an awful lot for a bilateral agreement with India, and a return of chain immigration and citizenship visas for students will be a bottom line.

Little Englanders will love that. :beer: