Brexit the economy and house prices part 7: Brexit Harder

adindas

Herzlos wrote: »

It's due to remainer interference that Brexit had to be passed by Parliament.

We've done all we can to prevent you screwing it up, it's on you guys from now on. Own it.

And it was the same MPs who voted to trigger article 50 when they still had a very good chance to reverse it.

lisyloo

Herzlos wrote: »

It's due to remainer interference that Brexit had to be passed by Parliament.

You mean they won fairly, squarely, legally and democratically.

It’s not interference just because you don’t agree with their view.

Thrugelmir

adindas wrote: »

Good to see that EU is now "begging" the UK to extend the brexit negotiation period.

Expect further bullying and intransigence. The long term project remains the same.

Herzlos

adindas wrote: »

Good to see that EU is now "begging" the UK to extend the brexit negotiation period.

Have you got evidence of this begging?

adindas wrote: »

And it was the same MPs who voted to trigger article 50 when they still had a very good chance to reverse it.

Which is fine, it was all above board. May's original plan of trigger A50 and negotiating without Parliamentary approval wasn't.

goral

So!
After Brexit house prices will be up or down?
And what happen now with GBP (is going down)? After brexit will be even more go down?

Herzlos

GBP will go down more, so house prices will go up (because they'll get cheaper for overseas investors).

The only way house prices will go down is a deep recession.

gfplux

adindas wrote: »

The UK will be out EU after January 31, 2020. It does not matter whether You like it or not You personally agree or not.

Also the trade agreement will need to be finished by Dec 15, 2020. I remember in the past a few remaoners mention that the UK could not effort the no-deal brexit. Now the situation has changed. EU is even "begging" the Uk to extend the deadline. It is completely a different attitude to when the negotiation was under Theresa May.

Remember EU is not a country and any country has its own interest when it is not satisfied they will veto the agreement. No single country in EU is better prepared than the UK for no-deal brexit, due to the brexit delay.

I know reasonable number of people prefer a no-deal brexit if EU maintain the way they negotiate when negotiation was under Theresa May. Under Theresa May the worst PM in the modern British History, EU has principally got everything they want, and the UK has got almost nothing. The only thing that saves the UK is the clause "nothing is agreed until everything agreed".

In no-deal brexit what happens to Dutch. French and other EU fishermen. Think about German car makers which already see the decline on the current market. What happen to ireland food supply ??

With an overwhelming majority in the house of common, the current government could pass any decision about brexit without worrying other MPs will sabotage them.

Time to move on ...

Perhaps the EU will call the quittlings bluff.

Sorry forgot to add Brexit, Brexit, Brexit.

gfplux

Herzlos wrote: »

Technically, we're only out when the transition ends (either we negotiate something or we go WTO). We're a step closer, but we'll still be following all of the rules on Feb 1st. Boris is going to do his best to make it sound like he's satisfied his promise to get Brexit done, by calling everything else not-Brexit.



This is going to drag on long beyond that, costing us time and money we could be doing something useful with.

Following all the rules AND paying the membership fees.

The uncertainty continues.

goral

Herzlos wrote: »

GBP will go down more, so house prices will go up (because they'll get cheaper for overseas investors).

The only way house prices will go down is a deep recession.

Hmm, I don't get it. If GBP will go down, that mean UK it will be not attractive country. So who will be invest in country outside UE with week currency?
And what this means for British people? Les worth currency but more expensive property?
What about business? They will be get less money but they will be pay more for property... in my knowledge is... recession.

gfplux

QUOTE
The UK economy unexpectedly shrank in the month before the general election, contracting by 0.3%.

Analysts had predicted that the economy would continue to flat-line in November, following the 0.1% growth seen in the previous two months.

The Office for National Statistics (ONS) said on Monday that the month-on-month decline in GDP — the sharpest in seven months — was driven by falls in both the services and production sectors.

Compared to the same month in 2018, the UK economy grew by 0.6% in November, the slowest growth since the spring of 2012, the ONS noted.
END QUOTE

https://uk.finance.yahoo.com/news/uk-economy-continued-to-flatline-in-month-before-general-election-brexit-economic-growth-gdp-data-093326359.html?guccounter=1

BREXIT.