Debate House Prices


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Brexit the economy and house prices part 7: Brexit Harder

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Comments

  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    spikyone wrote: »
    There is no evidence that we will see any of those eroded. We already offer more than the EU minimum for many of them, if not all. Some EU countries do not even have a minimum wage (ETA: And at current FX rates, our minimum wage is higher than Germany's)


    What do you think less regulation means? :(
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • spikyone
    spikyone Posts: 456 Forumite
    Part of the Furniture Combo Breaker
    StevieJ wrote: »
    What do you think less regulation means? :(

    I don't know - and neither do you. What I do know is that none of our laws surrounding those things are inferior to the EU's. If "less regulation" meant an erosion of worker's rights, we are already able to do that.
    Even if we were to, for example, reduce the amount of statutory maternity leave, that would not be "less regulation", because it would still be legislated.

    So there is no evidence that "less regulation" means workers will have fewer rights as a result of the UK leaving the EU. The same applies to many other positive aspects of our lives that have been erroneously credited to the EU.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    spikyone wrote: »
    I don't know - and neither do you. What I do know is that none of our laws surrounding those things are inferior to the EU's. If "less regulation" meant an erosion of worker's rights, we are already able to do that.
    Even if we were to, for example, reduce the amount of statutory maternity leave, that would not be "less regulation", because it would still be legislated.

    So there is no evidence that "less regulation" means workers will have fewer rights as a result of the UK leaving the EU. The same applies to many other positive aspects of our lives that have been erroneously credited to the EU.


    Yes, ok ..... :(
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    andrewf75 wrote: »
    precisely, that's not going to help poor people is it? the country's infrastructure is already crumbling as it is, we need investment in the regions. Lower taxes and less regulation = less equal society, the regions will be even more neglected

    In a competitive global enviroment such political ideals are somewhat outdated. Post war Keynesian economic policy may well have run it's course. There's many ways to build a fairer and more equitable society. We'll all be poorer if we don't rise to the challenges now.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 8 March 2019 at 2:23PM
    StevieJ wrote: »
    What do you think less regulation means? :(

    Red tape for business.

    A company doesn't exist to make a profit. A company needs to make a profit to survive.
  • Herzlos
    Herzlos Posts: 15,941 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    spikyone wrote: »
    I don't know - and neither do you. What I do know is that none of our laws surrounding those things are inferior to the EU's. If "less regulation" meant an erosion of worker's rights, we are already able to do that.
    Even if we were to, for example, reduce the amount of statutory maternity leave, that would not be "less regulation", because it would still be legislated.

    So there is no evidence that "less regulation" means workers will have fewer rights as a result of the UK leaving the EU. The same applies to many other positive aspects of our lives that have been erroneously credited to the EU.


    So can you name any regulations that could be weakened/dropped to make business more competitive without having a negative effect on workers/consumers? I'm trying and can't think of anything so far.


    Partnering that up with it being run by a government that wants to scrap the Human Rights Act, voted to reduce disability benefits and voted against a law requiring rental properties to be "fit for human habitation", and I'm not optimistic that outside of the ECHR and ECJ, we're not about to get royally shafted.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
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    kabayiri wrote: »
    As does big business.

    It's not difficult to work out why global companies shift HQ functions to Dublin...and if an even better place popped up...they would move there.

    Oh, the EU might try and address the issue in time, but big business will be ahead of the curve planning their next move.

    Eire already has the headquarters of 1200 US multinationals. Companies such as Dell have been established there for decades. Worth remembering the ties between Eire and the US. Far stronger than many realise.
  • phillw
    phillw Posts: 5,665 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 8 March 2019 at 3:21PM
    The exact figure is not actually 39 billion as some of that is for future stuff if there is a deal but the bulk of the 39 billion is owed as per the above.

    Right, part of it is for future stuff but the 39bn has been estimated and to save argument the EU negotiated it down from where they thought. So far it's all really guesswork, sorting out the future relationship was much more important to them.

    If we throw away the future relationship and argue we're not paying more than what we are legally required to pay, then that negotiated figure disappears and they will spend more effort trying to get the figure up. So it's really difficult to say whether we'd save any money.

    It could potentially go higher than 39bn, it would depend on if we stop acting like spoilt children or not.
    Thrugelmir wrote: »
    Companies such as Dell have been established there for decades.

    Dell moved a lot of jobs from ireland to poland in 2009, I'm not sure what they do there as my last two purchases were shipped from china.

    https://www.eurofound.europa.eu/sr/publications/article/2009/dell-to-transfer-1900-jobs-to-poland
  • Malthusian
    Malthusian Posts: 11,055 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper Photogenic
    Herzlos wrote: »
    So can you name any regulations that could be weakened/dropped to make business more competitive without having a negative effect on workers/consumers?

    Mifid II.

    That was easy.

    If you want some more, ask people who work in other industries. I can't name an equivalent of Mifid II in the fishing industry but I bet you a fiver a fisherman would.
    Partnering that up with it being run by a government that wants to scrap the Human Rights Act, voted to reduce disability benefits and voted against a law requiring rental properties to be "fit for human habitation"
    You forgot "passed a law that says that animals don't feel pain" in your list of Snopes-fodder.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    andrewf75 wrote: »
    I think its the job of government to take the lead rather than leave it to people/markets.

    Nationalised unionised industries. No thanks. Experienced that before.
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