Brexit the economy and house prices part 6

gfplux

mrginge wrote: »

New thread but the posts will be just the same as #1-5
Think it!!!8217;s an appropriate time to just duck out of this now.

It has been fun, goodbye.

gfplux

The Guardian 22July 2018
Officials in the parliament have taken legal advice, which suggests that extending article 50 beyond the next European elections in May would not only give 73 British MEPs a right to sit in the chamber until the UK leaves but for the full five-year term.
A source in the parliament said:;This has been repeatedly discussed. It would be the perfect opportunity for Ukip to rebuild, which is what no one wants. After all, Guy Verhofstadt [the parliaments Brexit coordinator] has said before that the only good thing about Brexit is that Nigel Farage wont be coming to Brussels again. The parliament wont want them back again

gfplux

Food for thought. Is it in the EU27's interests to continue to have an extra close relationship with the UK after Brexit?
Britain spent over 40 years being a reluctant member of the club and during the leaving process could have damaged the future of the EU.
Any director of an EU27 manufacturing company would have difficulties in endorsing any investment in Britain.

vivatifosi

Juncker Trump summit press conference now on TV. Looks like they are working towards an agreement.


"This was a very big day for free and fair trade" (Trump)

Malthusian

davidwood681 wrote: »

But your home drops in value too ( maybe not by as much % wise so I can see where you're coming from but if it's anything like our area the expensive houses are easily sold and don't really drop)

No, I would expect it to drop the by the same % wise, which means it will drop by less in £ terms. Say I currently have a £300k house and I aspire to one day live in a £400k one. Ignoring costs I need £100k in cash either from my own resources or a lender. Houses drop by 20% across the board. Now I have a £240k house and want to buy a £320k one so I only need £80k in cash.

The assumption that the % move would be the same is is not an unreasonable assumption as I wouldn't expect to move far, just to a slightly bigger house. If I'm looking for a much more expensive house in a totally different market, then I will need lots of cash and creditworthiness and the price of my current house is of little importance either way.

BobQ

vivatifosi wrote: »

Juncker Trump summit press conference now on TV. Looks like they are working towards an agreement.


"This was a very big day for free and fair trade" (Trump)

Meanwhile on the other side of town Liam Fox tries to negotiate a unique trade deal.

Herzlos

Are we hoping to do a trade deal with anyone the EU isn't beating us to?

Tromking

gfplux wrote: »

Food for thought. Is it in the EU27's interests to continue to have an extra close relationship with the UK after Brexit?

Do you mean geo-politically or just economically?
The answer to both questions is probably yes.
France has recognised that a continued close relationship with UK on defence and security is an imperative for its own security specifically and that of the continent generally. It probably doesn't chime with your slightly miserablist view of your former country, but as a tier 1 military power, the UK does military/security stuff very well. More than one EU nation with a border with Russia, is reliant on and grateful for a UK military presence in their country.
The UK is set to be the largest European nation by population by the middle of the century, I suspect the EU27 will want to service that population and trade with as little fuss as possible.

vivatifosi

Tromking wrote: »

Do you mean geo-politically or just economically?
The answer to both questions is probably yes.
France has recognised that a continued close relationship with UK on defence and security is an imperative for its own security specifically and that of the continent generally. It probably doesn't chime with your slightly miserablist view of your former country, but as a tier 1 military power, the UK does military/security stuff very well. More than one EU nation with a border with Russia, is reliant on and grateful for a UK military presence in their country.
The UK is set to be the largest European nation by population by the middle of the century, I suspect the EU27 will want to service that population and trade with as little fuss as possible.

Largest EU nation by population, not largest European, but otherwise I agree with your sentiment. Russia is the largest population at c143m, approx 77% of which live in Europe.


Apologies Tromking, I'm turning into a pedant today. I blame the heat.

buglawton

mrginge wrote: »

New thread but the posts will be just the same as #1-5
Think its an appropriate time to just duck out of this now.

Bye, and thanks for all the fish.