Brexit, the economy and house prices part 5

Thrugelmir

Filo25 wrote: »

I was under the impression that the UK was one of the major obstacles to an EU-India trade deal getting done (the UK didn't want to increase access to visas for Indian citizens)

Believe it's far more complex than that. Suggesting an element of protectionism.

phillw

Thrugelmir wrote: »

Believe it's far more complex than that. Suggesting an element of protectionism.

Well the current deal India has offered us relies on us letting more of their people in and not kicking students out when they graduate, so it's realistic to assume we have been the problem with the EU deal..

gfplux

The EU have said they would like to negotiate a duty free trade deal with Britain.
As the EU has managed to sell a lot more to Britain than Britain sells to the EU that sounds unfair.
Surely Britain will want to take this opportunity to protect some of its industrys.
Will the trade body of British flower growers want to lobby for some protection. What about cheese makers in Devon and welted footwear makers in Northampton?
The list should be very long and this will be a one off chance.

gfplux

I wonder if Airbus and Vauxhall are happy now. I suspect not.

https://infacts.org/airbus-vauxhall-get-antsy-thanks-brexiters/

QUOTE
Two of the biggest British-based manufacturers revealed Brexit jitters this week. Airbus warned it would have to reconsider its position in the UK if it had to stockpile parts to avoid delays from post-Brexit customs controls. The aerospace giant, which employs 15,000 people mostly in north Wales and near Bristol, described this as a !!!8220;critically bad issue!!!8221; which would make Airbus !!!8220;think differently!!!8221; about its £5 billion UK operations.

The head of PSA, the automotive group that owns Vauxhall, Peugeot and Citroen, came out a day later saying his company !!!8220;cannot invest in a world of uncertainty!!!8221; and that decisions need to be made !!!8220;very soon!!!8221; about giving more work to its Vauxhall plant in Ellesmere Port, where 1,800 of its 4,500 UK employees are based.
END QUOTE

gfplux

Politico had this to say about the state of play.
The quote was from Bettel sitting next to Tusk yesterday.


https://www.politico.eu/article/forget-the-cliff-edge-brexit-faces-an-abyss/?utm_source=POLITICO.EU&utm_campaign=f1633b5138-EMAIL_CAMPAIGN_2018_03_08&utm_medium=email&utm_term=0_10959edeb5-f1633b5138-190026745

QUOTE
!!!8220;I often call Brexit a damage-limitation exercise,!!!8221; Luxembourg Prime Minister Xavier Bettel said at a news conference with Tusk on Wednesday. !!!8220;There will be no winner after the Brexit. Both sides will be losing. Minimizing the losses and limiting the negative impacts as much as possible !!!8230; is the challenge we all face around the table,!!!8221; Bettel said.
END QUOTE

gfplux

Sky News report this little CUT
Just thank the Brexiters.

https://news.sky.com/story/roaming-charges-may-be-back-after-brexit-11279406

QUOTE
The Government has indicated to Sky News that British consumers may have to pay roaming and data charges when travelling in the EU after Brexit, unless a deal can be reached.

British travellers have not had to pay these charges on their mobile phone bills since June 2017, when they were abolished after changes to European regulation. The costs were considerable - an estimated £350m per year.

Last week the Prime Minister confirmed that the UK would leave the EU's Digital Single Market (DSM).

The DSM aims to eliminate digital regulatory barriers between EU member states, including data roaming charges.

The PM said in her Mansion House speech: "The UK will not be part of the EU's Digital Single Market, which will continue to develop after our withdrawal from the EU."
END QUOTE

gfplux

Jaguars New I Pace will be built in Austria. Jaguar do not like uncertainty very surprising!

https://uk.reuters.com/article/uk-autoshow-geneva-jaguarlandrover/jaguar-land-rover-needs-brexit-detail-before-building-electric-cars-in-britain-idUKKCN1GI14N

QUOTE
GENEVA (Reuters) - Jaguar Land Rover is waiting for more information on trading conditions after Brexit before it decides whether to make electric cars in its home market, the boss of Britain!!!8217;s biggest carmaker told Reuters.
END QUOTE

gfplux

Some Brexiters have not welcomed Tusk saying the EU want a deal on open sky as it is cherry picking! They must be joking to complain when the opposition in the negotiations offers a deal and then to call it cherry picking is quite ridiculous.

However America, Britain New best friend! is not so accomadating

https://infacts.org/airline-rights-fly-around-world-air-post-brexit/

QUOTE
The latest blow comes from America. Despite Brexiters!!!8217; hope that their new best friend, Donald Trump, would cut us some slack, his administration is resisting giving airlines such as British Airways and Virgin Atlantic the same flying rights post-Brexit that they enjoy today as part of the US-EU open skies agreement, according to the FT.

There!!!8217;s a Catch 22. To fly within Europe, airlines must have over half their ownership in an EU country. But for an airline to benefit from America!!!8217;s standard air transport agreement there must be !!!8220;substantial ownership and effective control of that airline!!!8221; by the other country or its nationals.

If we quit the EU, our airlines can!!!8217;t be both majority owned by EU and UK interests. As a result, unless Trump takes pity on us, a UK airline won!!!8217;t be able to fly both within Europe and across the Atlantic to America.

These ownership rules are playing havoc with our airlines!!!8217; strategies.
END QUOTE

gfplux

Sorry for a number of bad Brexit story!!!8217;s in a row but I was occupied with other things for much of yesterday.
There are more but I have to leave the keyboard for now.

This has already been mentioned by another poster, this is a link to the story. Just another SMALL CUT caused by Brexit.
As another poster pointed out this is natural as they want to be in a EURO country to continue the good work of the Euro going from strength to strength. (Against the pound particularly)

QUOTE
Brexit has put the future ability of UK-based financial firms to operate across the EU and eurozone in doubt and some firms are taking pre-emptive action in case access ends up being withdrawn.

!!!8220;We want to redomicile the topco to the eurozone. It will be in Belgium as it!!!8217;s where most of our business operations are. We are preparing to launch a transfer of arrangement sometime after the summer,!!!8221; Lieve Mostrey, Euroclear!!!8217;s chief executive told the Financial Times.
END QUOTE

http://www.independent.co.uk/news/business/news/brexit-euroclear-headquarters-move-london-brussels-financial-services-uk-latest-a8243771.html

cogito

gfplux wrote: »

I wonder if Airbus and Vauxhall are happy now. I suspect not.

https://infacts.org/airbus-vauxhall-get-antsy-thanks-brexiters/

QUOTE
Two of the biggest British-based manufacturers revealed Brexit jitters this week. Airbus warned it would have to reconsider its position in the UK if it had to stockpile parts to avoid delays from post-Brexit customs controls. The aerospace giant, which employs 15,000 people mostly in north Wales and near Bristol, described this as a !!!8220;critically bad issue!!!8221; which would make Airbus !!!8220;think differently!!!8221; about its £5 billion UK operations.

The head of PSA, the automotive group that owns Vauxhall, Peugeot and Citroen, came out a day later saying his company !!!8220;cannot invest in a world of uncertainty!!!8221; and that decisions need to be made !!!8220;very soon!!!8221; about giving more work to its Vauxhall plant in Ellesmere Port, where 1,800 of its 4,500 UK employees are based.
END QUOTE

Two points. Airbus is in a financial mess because its planes aren't selling well. It's highly vulnerable to any increase in its borrowing costs which will probably come about when the ECB ends its bond buying programme.

Second. PSA bought Vauxhall after the referendum, not before. Where did the 'world of uncertainty' start?