Brexit, the economy and house prices part 5

setmefree2

More good news.

Nationwide warns that Brexit could cut demand for rental units

https://www.lettingagenttoday.co.uk/breaking-news/2017/11/nationwide-warns-that-brexit-could-cut-demand-for-rental-units

kabayiri

Ok, a Q for those who believe we should pay handsomely for the privilege of leaving this club :

- should we be on the hook for supporting bad debts made by the European Investment Bank, and if so, for how long?

If the EU sees a growth of trade in this period, then, by the same token, shouldn't we share some of that as a dividend too?

westernpromise

..there will be a cancellation bill, of course. What do we think the bill will be compared to the exit bill?

If you voted for "Less than the Brexit bill" can you explain why you think this?

needabed

If Brexit was cancelled the increase in the economy would dwarf any bill...

Filo25

Not sure why there would be one, assuming the decision was made before March 2019 anyway, it seems to be widely accepted now that Article 50 could be revoked.

Not that I'm expecting it to happen for a moment, public opinion would need to change significantly for the government to even consider a second referendum (and you would need a second referendum to overturn the result of the first one, its not something Parliament can just ignore)

mayonnaise

Filo25 wrote: »

Not sure why there would be one, assuming the decision was made before March 2019 anyway, it seems to be widely accepted now that Article 50 could be revoked.

Not that I'm expecting it to happen for a moment, public opinion would need to change significantly for the government to even consider a second referendum (and you would need a second referendum to overturn the result of the first one, its not something Parliament can just ignore)

Why do we need a second referendum to overturn the result a non legally binding, merely advisory first referendum?

dougs

mayonnaise wrote: »

Why do we need a second referendum to overturn the result a non legally binding, merely advisory first referendum?

which would also be "non legally binding, merely advisory" but if the result was different next time presumably you'd say it was legally binding.

Can't have it both ways.

Filo25

mayonnaise wrote: »

Why do we need a second referendum to overturn the result a non legally binding, merely advisory first referendum?

We don't legally at all, but I think from the point of view of democratic mandate there is no way this could be done without having a second referendum to overturn the first one.

I might not like the result of the first referendum but it can't just be ignored

antrobus

Filo25 wrote: »

...
I might not like the result of the first referendum but it can't just be ignored

Oh, I don't see why not. There are a number of SNP zealots on this board who are quite happy to ignore the result of a referendum.:)

Herzlos

EU have said we can cancel the exit without penalty, so I don't believe there will be a bill. If there is, it'll be for the wasted admin across the EU, call it £2bn. So a fraction of the divorce bill, and will be trivial compared to the economic gains.