Brexit, the economy and house prices part 5

giocoforzauno

Hello guys,
I'm Italian and I would ask you If we will have to pay customs duties as in the past when we will buy some goods from UK the moment that Brexit will be effective?

And I ask you, how your life is financially changed from the Brexit vote? (Better, Unchanged, Worse)

Kind Regards,

Herzlos

https://www.economist.com/britain/2018/06/21/the-economy-has-slowed-to-a-standstill-largely-because-of-brexit

Presumably this is fake news or the wrong kind of experts?

Graham_Devon

Herzlos wrote: »

https://www.economist.com/britain/2018/06/21/the-economy-has-slowed-to-a-standstill-largely-because-of-brexit

Presumably this is fake news or the wrong kind of experts?

Regardless of brexit - that's an opinion piece, and rather absurd one at that.

The author of the article appears to be blaming brexit in one breath, and then the world economy in the next. How can it be both? Unless Brexit is affecting the entire worlds economy....

Not sure what the writer wants apart from never ending QE and possibly negative interest rates.

[Deleted User]

No deal has yet been made that allows us to even speculate on what you ask, personally whilst having voted leave I just want out ASAP

Sapphire

I second the last poster.

Additionally, I'll say that since my work is focused on Anglo markets, there has been no change as far as that is concerned; in fact, I have an increasing amount of work, which is sometimes tricky to handle because there is so much of it.

To add: I've also been focusing on buying British as much as I can, and since homing in on that I have discovered many things that are made in Britain, from food to clothing and custom-made gardening sheds, that I like. (In general, though, I tend to buy historical objects, especially British ones, and am not a big consumer of generic mass-produced products of the heavily advertised kind.)

I'm additionally interested to have discovered many more things that I dislike about the EU since the Brexit vote, which have confirmed my position on leaving the organisation. I know many others who feel the same.

buglawton

spadoosh wrote: »

A quick google took me to the airbus financial results page. In that it says they pay 1.7bn euro in taxes each year (well 2017). The majority of which will be paid where most of the work is done, ie in france, germany, spain and china. The largest shareholders in the company are the french, german and spanish governments. Im not sure if those results include airbus uk (the subsidiary) but they turnover £2bn per year, they dont pay remotely close to 1.7bn anything in tax.

Aviation engineering is something we're pretty good at in the UK. Considering we dont have a national company as such that makes planes nor much in the way of an aerospace program we do considerably well in designing, making and selling products for the industry, all over the world.

Airbus are complaining about the lack of time etc they are being given but its all bluster. The figure bandied about was an additional £1bn in costs per year (Worst case). For a company that turnsover 66 billion euro its hardly a death sentence. Lets couple that with relocating 10,000+ jobs as well as getting the 100,000 jobs in the supply line set up. The logistics of moving all their euqipment and setting up the new factories. I can guarantee that will cost more. Then theyll still have the issue of things like not being able to move away from using rolls royce engines which obviously we could manipulate to further discourage such a relocation.


Its bluster. They want people to panic. It helps them get a stronger negotiating position. It seems to be working. I wish we had a strong government to call their bluff. They aint going anywhere, it will cost them more. Governments might work like that, multinational corporations do not. Its bad business.

Worst case scenario we end up on the same terms that the US have with the EU. Yet they employ 3000+ american people. Spent $600bn on a single 53 acre site (we have 2, one of which is on filton airfield which covers 350 acres, airbus wont be that big though) and have only been increasing there presence in america. Yet its not viable because of brexit? BS.

Nice one spadoosh.
And I’ll add: Japan invented just-in-time manufacturing, Korea copied it. Both countries have major car brands happily using JIT to make cars in the UK and USA, neither of which afaik are in the EU. Somehow or another supply chain management still works when you are outside of the EU, and without Paul Daniels or Uri Geller being involved.

HAMISH_MCTAVISH

Brexiteer and Hedge fund tycoon Crispin Odey who recently demanded Theresa Mays eviction from No 10 saying she couldn't be trusted to carry Brexit through stands to make huge profits from the woes of the UK economy, The Mail on Sunday can reveal.

His firm Odey Asset Management has taken out more than £500 million short positions which are essentially a gamble that a share price will fall; on some of Britain!'s biggest firms, implying that he expects a poor performance from them.

Odey's apparent lack of confidence in flagship British firms stands in marked contrast to his fund's investments in other countries, including France, Germany and the US, where he is mainly backing shares to rise.

http://www.thisismoney.co.uk/money/investing/article-5824697/Brexiteer-Odey-bets-500m-AGAINST-British-businesses.html

So now we know leading Brexiteers have HUGE bets against the UK economy in place - and equally HUGE bets for the EU economy.

At least now we know why so many Brexiteers have been talking the UK down, trying to wreck deals with the EU, and making impossible demands of the UK government.

Just one of the many Brextremist millionaire elites, has a bet against the UK, of HALF A BILLION POUNDS!!!:eek:

Matt_L

gfplux wrote: »

Just a helpful warning to Brexiters.

Do not watch Sky News. They have a balanced view of Brexit with some very unpleasant news and views of how bad Brexit is and will be.

Brexiters should keep to the BBC as there they will not find any criticism of Brexit.

So Sir Lockwood Smith was giving us the unpleasant news yesterday on Sky..

Heres a clip of this terrible news..

https://www.youtube.com/watch?v=gDuwvpRyWXQ

Moby

We always knew about such types, Reece Mogg similar. Such people are purely self interested and care little for the needs of the working class Brexiteers who will experience a drop in living standards in the coming years.

Moby

As Airbus threatens to leave the UK, @Nigel_Farage admits !!!8220;Brexit done badly will leave us in a worse position than we were in before, Brexit on its own isn!!!8217;t some magic cure.!!!8221; (ITV). He was saying similar on the BBC and Sky.......and what's more he offered no solutions and yet the gullible voted for this tin pot populist in the millions! UKIP are now finished and the pureists have now returned to the Tory fold knowing their only chance of realising their hard brexit dream is through a PM held hostage by her own party.