Brexit the economy and house prices part 6

Tromking

Thrugelmir wrote: »

I doubt that he'll be missed as only a junior minister. Why is his single view any more important than ours. After all he is after all just a person.

Maybe the first of a few in the coming days.
TM’s deal is so bad that both Brexiteers and Remainers are resigning from the Government. Takes some doing that.

Thrugelmir

Tromking wrote: »

TM’s deal is so bad that both Brexiteers and Remainers are resigning from the Government. Takes some doing that.

There is another party involved.

We are terribly insular in this country. Guess it's being an island race.

cogito

Tromking wrote: »

Maybe the first of a few in the coming days.
TM’s deal is so bad that both Brexiteers and Remainers are resigning from the Government. Takes some doing that.

The whole idea of the proposed deal is that the withdrawal agreement is extended without any time limit. We will effectively remain in the EU until its eventual collapse but without any say. It's a total betrayal of what the leave vote meant but it will be presented as a success. You can see that the softening up process is already well under way.

kabayiri

Daniel54 wrote: »

...
The Migration Advisory Committee final report found little if any evidence that wages are suppressed by inward migration

"In terms of wages the existing evidence and the analysis we present in the report suggests that migration is not a major determinate of the wages of UK- born workers. We found some evidence suggesting that lower-skilled workers face a negative impact while higher-skilled workers benefit, however the magnitude of the impacts are generally small."
....

My interest isn't really wage levels at the lower end.

I recall a company in East England who would basically make a daily call on a pool of migrant workers waiting every day for work.

If it wasn't required that day, the workers would just wander back home with no gain.

It struck me as remarkably inefficient, and negated the need for the company to do any real resource planning.

No manufacturing enterprise I ever got involved with ever worked like that.

It doesn't surprise me, when in other news we hear that the UK is falling behind in the productivity stakes. Why would a sweatshop economy at the lower end need to innovate?

Well...because our competitors will. 50% of the world's global supply of robots now end up in China. They already have lower labour costs, and in time they will have more efficient production cells.

We should really decide what kind of economy we want. High value / high productivity , or the very free market approach that allegedly people like JRM advocate.

andrewf75

Hard to see Mays deal getting through parliament. The DUP won’t back it, Labour won’t back it, the ERG won’t back it…

Thrugelmir

andrewf75 wrote: »

Hard to see Mays deal getting through parliament. The DUP won’t back it, Labour won’t back it, the ERG won’t back it…

Then we are back at square one. A hard Brexit.

Blame May, but the fault lies with everyone else in not engaging and standing up for their country's interests.

Bottom line is the UK won't pay a €.

andrewf75

Thrugelmir wrote: »

Then we are back at square one. A hard Brexit.

Blame May, but the fault lies with everyone else in not engaging and standing up for their country's interests.

As far as I’m concerned there were always two choices, hard or soft. Either is doable.
May’s fudge somewhere in the middle of hard and soft isn’t.

lisyloo

Thrugelmir wrote: »

I doubt that he'll be missed as only a junior minister. Why is his single view any more important than ours. After all he is after all just a person.

Because he's a minister and knows a great deal more about the deal than we do.

Tromking

Moby wrote: »

You present your views as if they were facts. The evidence shows a minimal effect:-


https://www.ft.com/content/0deacb52-178b-11e6-9d98-00386a18e39d


Of course brexit itself is likely to have a major effect on wage suppression and jobs
https://www.independent.co.uk/news/uk/politics/brexit-uk-economy-damage-business-eu-manufacturing-international-trade-a8531211.html

You pays yer money.......

https://www.bloomberg.com/news/articles/2018-11-08/u-k-worker-shortage-intensifies-as-starting-salaries-climb

cogito

andrewf75 wrote: »

Hard to see Mays deal getting through parliament. The DUP won’t back it, Labour won’t back it, the ERG won’t back it…

And if reports that the EU are demanding continued access to UK fishing grounds are true, Scottish MPs won't back it either. A bit odd considering that the SNP want to hand them back anyway.