Brexit the economy and house prices part 6

mayonnaise

Thrugelmir wrote: »

Amazing what some good weather does. Resulting in people spending more money at home rather than on foreign trips. Not all about overseas trade but money circulating around the economy to create a far wider benefit.

Ah yes, now if we could just have a world cup and heatwave every single month...

https://www.independent.co.uk/news/business/news/uk-economy-gdp-ons-figures-september-brexit-finance-business-a8625466.html

The UK economy stagnated in September, the Office for National Statistics (ONS) reported on Friday.

This came after zero GDP growth in August

Zero.

Moby

ukcarper wrote: »

Might just be Guido Fox but that doesn't alter fact that U.K. growth for Q3 is 0.6% while Eurozone is 0.2%

Yep put the bunting out for a shard of good news and ignore the future predictions. Deperation! No growth in September by the way.

cogito

Herzlos wrote: »

No he didn't. Be careful what lies you repeat.

Did you read his post?

Many Brits perhaps 52% of them that voted in a distant referendum kept saying over and over that immigrants arriving in Britain were.....and here you can pick and mix.

Thrugelmir

mayonnaise wrote: »

Ah yes, now if we could just have a world cup and heatwave every single month...

Or the Government could ban cars over 5 years old and force everyone to buy a new one. :cool:

Or we could could celebrate Xmas every month. :snow_laug

Likewise people can only spend money once.

Zero.

Scraping the barrel somewhat. Though interestingly been a big fall off in German imported cars. Which impacts performance. Though improves trade balance.

BMW profit dips in 'volatile' times

https://www.moneycontrol.com/news/world/international-results/bmw-profit-dips-in-volatile-times-3138931.html

Telling times lie ahead.

Herzlos

German car industry, just like all other car industries are going to be having a hard time.
Tesla is destroying their prestige and performance brands and is coming for their sales rep models. Emissions regulations are getting tighter, and the cheaper eastern brands have caught up in terms of quality.
Britain buying less of them due to Brexit is a concern, but it's maybe 3rd in the list, and they still aren't going to press Merkel to press the EU to give us a cake and eat it deal.

They are more likely to just move UK facilities into the Eurozone and if demand drops too low they'll stop making RHD variants to improve efficiency and consolidate resources.

kabayiri wrote: »

It's not just an EU problem.

I know people hate Trump, but his crackdown/focus on illegal migration has seen real wage rises amongst the lowest paid hispanics/black workers over there (the lowest 10%).

In the real world, it's all too easy to see low skilled resources flood a labour marketplace and depress wages.

Key word here being illegal - it's well known that the Southern states have been taking advantage of illegal immigrants for decades, and paying them almost nothing. Ditto for the illegals here.
But the key thing is we can already address illegal immigration; it's got nothing to do with legal EU migration, where people have rights, minimum wages and taxes.


So I'm not sure how much you can infer from both. Less supply means more demand and thus will push wages up, sure. But will Brexit cause demand to drop my more than supply, thus pushing wages down again? Will those skilled and high paid employees be happy moving to picking fruit since their previous employer left the UK to regain access to the EU markets?

cogito wrote: »

Did you read his post?

Sorry, I misread your post. Nothing he said is inaccurate, no?

Rinoa

mayonnaise wrote: »

Ah yes, now if we could just have a world cup and heatwave every single month...

https://www.independent.co.uk/news/business/news/uk-economy-gdp-ons-figures-september-brexit-finance-business-a8625466.html




Zero.

That's why they compile the stats every quarter, to smooth out the volatility of individual single months.

And the quarterly increase was 0.6%:)

Must be heartbreaking for remainers. :rotfl:

kabayiri

Herzlos wrote: »

Key word here being illegal - it's well known that the Southern states have been taking advantage of illegal immigrants for decades, and paying them almost nothing. Ditto for the illegals here.
But the key thing is we can already address illegal immigration; it's got nothing to do with legal EU migration, where people have rights, minimum wages and taxes.

...

We clearly can't in practice. The whole topic of migration control has largely been ignored by the mainstream politicians.

Cameron made big noises on targets and had empty delivery.

I rather suspect the public lost patience. It might not change in the future, but don't expect people to be happy about that.

ukcarper

Moby wrote: »

Yep put the bunting out for a shard of good news and ignore the future predictions. Deperation! No growth in September by the way.

As far as I can see that's the way this thread is progressing any good news is jumped on by leave supporters any bad news is jumped on by remain supporters. To me both sides see things in black and white where in truth it's shades of grey.

Herzlos

kabayiri wrote: »

We clearly can't in practice. The whole topic of migration control has largely been ignored by the mainstream politicians.

Cameron made big noises on targets and had empty delivery.

I rather suspect the public lost patience. It might not change in the future, but don't expect people to be happy about that.

There's no reason we can't change it in practice, we just need to figure out a decent way of doing it and doing so.



For instance, the illegals must be working *somewhere*, so it should only take checks on the places they are likely to work (farms, factories, car washes, kitchens). But our government would rather make big claims and then go after the easy pickings (Windrush, people who'd been here decades and left to care for relatives, i.e. the ones who aren't trying to hide anything because they've done nothing wrong).




The people are unhappy about the lies told, and have acted to force something that won't fix it. They are almost definitely going to be unhappy about it.

mayonnaise

Business investment suffers third quarterly decline

Another blow: business investment fell by 1.2% between Quarter 2 and Quarter 3 2018.

This is the sharpest decline since the first quarter of 2016 and marked the third consecutive quarterly fall – which has not been seen since the global financial crisis

:whistle: