Brexit the economy and house prices part 7: Brexit Harder

andrewf75

Thrugelmir wrote: »

In a competitive global enviroment such political ideals are somewhat outdated.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.

I agree, just not convinced this is in any way rising to the challenge.

Thrugelmir

phillw wrote: »

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.

2,500 employees is still sizable. Put in the context of the working population of Eire. Estimated that some 130,000 work directly for US companies based in Eire.

Honda UK employs that same number of full time permanent employees.

Herzlos

Malthusian wrote: »

Mifid II.

Mifid is a harmonized framework for financial regulation, and as such we'd need to adhere to it to sell financial services to the EEA? So it doesn't sound like we'd even get to drop that without killing our finance sector?


I won't claim to know the fine detail and what impact losing the investor protection provided by Mifid would mean to the average person.

phillw

Malthusian wrote: »

Mifid II.

That was easy.

You think weakening financial service regulation has no effect? 2008 says hi.

Malthusian wrote: »

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.

I grew up by the sea. I'd trust an investment banker over a fisherman. Deregulating fishing would be a disaster.

When people are acting out it's easy to blame others, but regulation is needed because their selfish behaviour has massive consequences to us.

The only industry that will be deregulated by leaving the EU is Politics, which is the absolute worst one to do.

Thrugelmir

andrewf75 wrote: »

I agree, just not convinced this is in any way rising to the challenge.

France tried higher taxes. People simply moved to London......:)

andrewf75

Thrugelmir wrote: »

France tried higher taxes. People simply moved to London......:)

They went a bit far though, there is surely a huge range between...

I always think Germany usually strikes about the right balance between free market UK and protectionist France

phillw

andrewf75 wrote: »

I always think Germany usually strikes about the right balance between free market UK and protectionist France

That seems to be because Germany has less corrupt politicians.

andrewf75

phillw wrote: »

That seems to be because Germany has less corrupt politicians.

how have they managed that?

phillw

andrewf75 wrote: »

how have they managed that?

I think losing the war made them more humble, while we act like jerks and wave flags & believe the lies of anyone who tell us that Great Britain is Great.

It appears to have had a similar effect on Japan.

Think of it like x-factor, it's always the runner up that is successful.

We're One True Voice to germany's Girl's Aloud (and yeah I had to look One True Voice up)

Thrugelmir

andrewf75 wrote: »

They went a bit far though, there is surely a huge range between...

I always think Germany usually strikes about the right balance between free market UK and protectionist France

Germany faces plenty of challenges. What was Eastern Germany often gets forgotten. Likewise a different culture borne out of post war austerity , housing crisis etc. Dig deeper and there's plenty not in Germany that's causing concern. Like the US was before Trump changed the rules. German companies prefer to keep their cash offshore rather than repatriating the money back home.