Brexit, the economy and house prices part 5

ukcarper

gfplux wrote: »

Britain leaves the EU at the end of March 2019. The devaluation of the pound (directly related to the Brexit result) and the subsequent 16 months (and counting) of uncertainty have had a negative impact on Britains economy.
All the predictions were based on Britain leaving the EU immediately after the referendum.
Everyone should be concerned that some if not all those predictions may come true in due course.
Anyone with a British passport who is not embarrassed by the present incompetence of Britains representatives is not keeping up with the news. Yes it is like a car crash in slow motion and I don't blame anyone for shutting their eyes but hiding your eyes will not make it better.

It all depends on where you are sitting you claim it's all UKs fault and others the EUs, while the truth is no side is coming out well. It's the same with the predictions of what will happen when we leave some claiming a disasters others claiming utopia while the truth will be somewhere in between. Many people here are so entrenched in their views that reason goes out of the window.

gfplux

Eric_the_half_a_bee wrote: »

That is absolute rubbish

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/524967/hm_treasury_analysis_the_immediate_economic_impact_of_leaving_the_eu_web.pdf

Link not working

gfplux

From Bloomberg's daily email.
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"On Tuesday he hinted he’s expecting to have to compromise and face up to the 60 billion euros the EU is demanding for the Brexit bill. “The withdrawal agreement, on balance, will probably favor the union in terms of things like money,” he said. Roughly translated, this means the U.K. knows that leaving will be expensive.

Even before payments to the EU are added up, the costs are already mounting at home. Getting ready to withdraw from the bloc has forced the British government to commit more than half a billion pounds so far. The U.K. has created nearly 3,000 new civil service jobs for Brexit, with another 5,000 lined up to be hired next year."

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So no money for the NHS but plenty cash being spent on new civil servants.
And
For those asking the question about the financial settlement Davis has now spoken £60 billion.

This link is to an article that shows the additional costs of Brexit in more detail.
http://brexitcentral.com/davis-reveals-government-created-3000-jobs-manage-brexit-thousands-follow/

gfplux

Interesting twist as Brexit unfolds.
http://cyprus-mail.com/2017/10/03/brexit-discussion-bases-start-next-week/
Greece now want to discuss taking back the two British military bases in Cyprus.
If Britain were to move out I am guessing (only guessing) that this will save Britain a large amount of money. Would there then be a downside as military personnel would have to be fired?
I hope someone on this thread has more knowledge about this subject.

gfplux

Good news on the negotiations according to Bloomberg.
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"Talk to officials in Brussels, Paris or Berlin, and they all say the same thing: We’re ready to go ahead and negotiate a post-Brexit trade deal as soon as the Brits stop dragging their feet on paying what they owe the EU. But British stonewalling hasn’t just been on the issue of money.
In recent days, the Europeans have complained that Theresa May’s government won’t even say when it next wants to sit down at the negotiating table.
The EU’s chief negotiator, Michel Barnier told reporters on Tuesday that he’d offered his British counterpart David Davis three new rounds of talks as a means to make progress before the next crunch summit in December. This is when both sides hope to be able to move discussions on from the divorce to trade. “I’m ready to speed up negotiations,” Barnier told reporters in the Slovak capital, Bratislava.
Three and a half hours later, at the House of Lords EU committee in Westminster, Davis hit back, saying he’d invited Barnier to London for talks this week but had been turned down. “We are not holding up the process,” he said.
To prove the point, Davis announced that negotiations will re-start next week. “I’ve come off the phone just before I got here,” he said. A shorter, two-day round of talks will open on Nov. 9, with Davis and Barnier meeting the following day."
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So some talks starting next week.

Matt_L

Herzlos wrote: »

Oh yeah I forgot - it's quite likely these (allegedly numerous) reports will have come from experts and so should be entirely ignored.

However, that being the case, why commission them in the first place, or why not just write them off as being non-conclusive?

If the same experts are massively out every time they open their mouths then yes, ignore them.

mayonnaise

The experts were obviously wrong....

....apart from sterling losing 15% of its value, inflation rising fivefold, growth slowing to a four-year low, the UK having the worst-performing major economy in the world and consumer credit rising to a level not seen since the financial crisis as consumers borrow to cope.

Matt_L

mayonnaise wrote: »

The experts were obviously wrong....

....apart from sterling losing 15% of its value, inflation rising fivefold, growth slowing to a four-year low, the UK having the worst-performing major economy in the world and consumer credit rising to a level not seen since the financial crisis as consumers borrow to cope.

Finally you're starting to accept reality...:T

mayonnaise

Matt_L wrote: »

Finally you're starting to accept reality...:T

Here's another one starting to accept reality.

David Davis has conceded in front of peers that Britain’s Brexit withdrawal agreement will “probably favour“ the EU.

“The withdrawal agreement on balance will probably favour the union in terms of the things like money and so on."

Things like money and so on. :rotfl:

http://www.independent.co.uk/news/uk/politics/david-davis-brexit-agreement-eu-money-favour-benefit-european-union-select-committee-house-lords-a8029916.html

Honey_Badger

gfplux wrote: »

Interesting twist as Brexit unfolds.
http://cyprus-mail.com/2017/10/03/brexit-discussion-bases-start-next-week/
Greece now want to discuss taking back the two British military bases in Cyprus.
If Britain were to move out I am guessing (only guessing) that this will save Britain a large amount of money. Would there then be a downside as military personnel would have to be fired?
I hope someone on this thread has more knowledge about this subject.

Do you actually read the news articles you post?

1) It's the Cypriot Government in question.

2) in your news article it says:

Substantive negotiations between Cyprus and Britain regarding the Bases after Brexit will begin on October 11, Foreign Minister Ioannis Kasoulides told deputies on the House foreign affairs committee on Tuesday, dismissing calls from deputies to put their closure on the agenda.

So there is no Government support for the bases to be closed.