Brexit the economy and house prices part 7: Brexit Harder

gfplux

Thrugelmir wrote: »

Seeing as the UK makes a sizable net contribution. Who is going to fund the difference to simply maintain the status quo. Let alone contribute to the increased spending plans.

If money wasn't everything you wouldn't be residing where you do. There's many ordinary working people across Europe who would enjoy your lifestyle.

Nice personal attack. Did you not like that someone says the EU will just move on after Brexit. Why would you resent that Brexit IS NOT a mortal financial blow to the EU.
Isn’t Brexit about Britain?

By the way you have no idea why I reside where I do and as a (retired) ordinary working person perhaps I would like your lifestyle?

SouthLondonUser

In the meanwhile, the pound is taking a beating. How dare the market not believe Boris?

phillw

adindas wrote: »

The EU is really afraid that if the UK is not tied up to the EU and after a decade of Brexit (say), the UK triumph the EU will be over.

They are disappointed that the success of the last 40 years is going to be risked because some nut cases strapped on a suicide vest, but they have already moved on and have accepted that we want to self harm and there is nothing they can do about it.

The EU will go from strength to strength while the UK begs over scraps, like we were doing before we joined. All the machismo in the world won't help you.

movilogo

Current £ to € rate is not the worst. It fell more against € in the past, especially during 2009 recession.

That's the point, recession happened when UK was in EU. So what's big deal if it happens again while UK is out of EU?

Incidentally, unemployment is lowest since UK joined EU.

Moby

SouthLondonUser wrote: »

In the meanwhile, the pound is taking a beating. How dare the market not believe Boris?

He's also got a little trip to Wales today to explain to Welsh sheep farmers how Brexit will be great for their businesses!

Honey_Badger

SouthLondonUser wrote: »

In the meanwhile, the pound is taking a beating. How dare the market not believe Boris?

I’d have thought a drop in the pound is more likely the markets believing Boris.

qwert_yuiop

Honey_Badger wrote: »

I’d have thought a drop in the pound is more likely the markets believing Boris.

‘Fraid so. For the first time, they think there’s a risk it might actually happen. If they really believed it was going to happen, the pound would be well below the euro.
Most of my earnings are in euro, and all this nonsense gives me no pleasure at all, proving some things are much more important than money, a nation at ease with itself and stability for a start.

SpiderLegs

qwert_yuiop wrote: »

‘Fraid so. For the first time, they think there’s a risk it might actually happen....

A sad indictment of Theresa may’s strategy if you ask me .

Takedap

movilogo wrote: »

Current £ to € rate is not the worst. It fell more against € in the past, especially during 2009 recession.

That's the point, recession happened when UK was in EU. So what's big deal if it happens again while UK is out of EU?

Incidentally, unemployment is lowest since UK joined EU.

But 2009 was a global recession & was beyond our influence. Most countries suffered. This time, we (or more accurately, you) are hell-bent on manufacturing a local one to solve problems that we haven't actually got.


And if, on the way, we tip Europe into a recession, you'll be shouting "Look at what THEY have done" & using that as a justification for your actions.

movilogo

Germany 'recession risk' as manufacturing hits seven-year low – as it happened

https://www.theguardian.com/business/live/2019/jul/24/deutsche-bank-job-cuts-trigger-biggest-loss-since-financial-crisis-business-live

Pound falling also indicates market believes parliament cannot stop No Deal Brexit.