Brexit, the economy and house prices part 5

Thrugelmir

fewgroats wrote: »

Moot point. And any discussion is a moot point. A moot is a discussion.

Thank you. :beer:

Herzlos

Thrugelmir wrote: »

Not this old chesnut. Sterling was overvalued at the time. That's the reality.

So why does the drop in value track Brexit events so closely?

Herzlos

setmefree2 wrote: »

More good news.



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

Hopefully all these people that presumably aren't living here now and paying rent weren't contributing to the economy in any significant way?

The implication here is that migrants are more likely to be renters, and with less migrants there's less renters? Or are the numbers the same but with more house sharing, because we're paying them less?

Herzlos

michaels wrote: »

Well I guess the EU shopping list would start with:
End of UK budget rebate
End of all UK opt outs
UK to join Schengen
UK to join the Euro

And no doubt go on from there and Jezza would say 'Yes we can'

If we revoke A50, we can keep all those opt-outs. If we leave and rejoin in a few years, then we're on the same deal as everyone else.

westernpromise wrote: »

TAfter all, what's the alternative? We either pay X billion and we leave, which we don't want to do, or we pay X billion and stay, which we do want to do. Either way we're out the money, so we should pay up because we'll have to regardless and this way we get to stay.

Most of the exit fee is existing comittments; not admin. If we stay in, we still pay for those commitments in the normal way, so we don't need a pay out. By the time we leave we'll have spent/lost much more than the exit fee anyway, so it's not really an issue.

The question is; now we sort of know the consequences, are we better off in or out?

I didn't actually vote in the referendum because I thought the debate was so poor, but I wonder how keen Remainers and apostate Leavers would remain on Remaining if the bill were, say, 100 billion.

Then this is all your fault, and by not voting you don't really have any right to complain about how things are being done - you decided you didn't want a say.

Enterprise_1701C

We wont be cancelling Brexit, not unless the arch betrayer Corbyn gets in, in which case we would be thrown out a couple of years later anyway because we would be living in a communist state.

mailmannz

I think people are deluding themselves if they think Brexit will be cancelled.

Just as equally people are deluding themselves if they think a deal HAS to be struck to allow BREXIT to take place.

Think of it this way, IF that became Government policy what would be the incentive for a vindictive EU to negotiate a deal when they know all they have to do is sit back and allow talks to collapse and keep that would then keep the UK in the EU.

Its a bit like the Palestinian Approach to negotiations with Israel. Why settle for peace when all they have to do is sit on their hands, continue to kill Jews and Europe will continue to feed them money for doing nothing.

Finally isn't it funny how suddenly the popular vote isn't that important. I wage you your left bollock these same people aren't so reticent about the popular vote when it comes to the American Presidential elections though :rotfl:

Get it through your heads. We have voted to leave. All the politicians agitating to stay in the EU (and essentially GIVE sovereignty to the un-elected dictators in Brussels) need to be lined up against a wall and given a jolly good telling off!

Regards

Mailman

Herzlos

Enterprise_1701C wrote: »

We wont be cancelling Brexit, not unless the arch betrayer Corbyn gets in, in which case we would be thrown out a couple of years later anyway because we would be living in a communist state.

Surely you can tell the difference between socialism and communism?

mailmannz

Both are no good for people so why split hairs? Unless its someone elses hair owned by the party?

Thrugelmir

Herzlos wrote: »

So why does the drop in value track Brexit events so closely?

Tracks other events too as far as the currency traders are concerned. Or did you miss the record trade deficit figures? Or the rise in interest rates yesterday? Doesn't overide the fundamentals of why sterling is a weal currency.

mayonnaise

mailmannz wrote: »

Get it through your heads. We have voted to leave.

Yes, Leave got a slight majority in a non-binding, advisory referendum some time last year.
But democracy is fluid. Or as our Secretary of State for Exiting the European Union says:

If a democracy cannot change its mind, it ceases to be a democracy.

http://www.daviddavismp.com/david-davis-mp-delivers-speech-on-the-opportunities-for-a-referendum-on-europe/