Debate House Prices


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Brexit, the economy and house prices part 5

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Comments

  • Herzlos
    Herzlos Posts: 14,688 Forumite
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    Thrugelmir wrote: »
    Increases the import price, thereby the selling price. Making goods uncompetitive. ;)

    Indeed, they'll see a drop in sales of somewhere from 0-100% of the UK market. So they'll lose some sales from a market that is in most cases their 2nd or 3rd biggest at best. That'll suck for them but it's unlikely to drive any of them bust; they'll adapt and have a huge potential market to make up for the losses. They generally seem to be happy to weather those losses to preserve the bigger picture (single market), because it's the lesser of the 2 evils.
    The same logic doesn't work for us; a larger percentage of our trade goes to the EU, they are more likely to be out biggest market, and we've got a smaller pool from which to compensate from any losses.

    But lets be reasonable - we're never going to go WTO so it's a moot point.
  • mayonnaise
    mayonnaise Posts: 3,690 Forumite
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    HAMISH_MCTAVISH wrote: »
    From your article...
    ;)
    riding high on the back of Europe’s economic recovery
    I remember our forum brextremists pontificating that we needed a brexit to rid ourselves of the 'dying corpse' that was the EU. The irony...;)
    Don't blame me, I voted Remain.
  • System
    System Posts: 178,094 Community Admin
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    HAMISH_MCTAVISH wrote: »
    From your article...



    ;)

    This comes up every month.

    "Britain sells lots of stuff while it's part of the single market"

    Yeah, we know, that's the point.
  • Rinoa
    Rinoa Posts: 2,701 Forumite
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    mayonnaise wrote: »
    I remember our forum brextremists pontificating that we needed a brexit to rid ourselves of the 'dying corpse' that was the EU. The irony...;)

    9 countries have youth unemployment higher than 20%

    Hungary, Poland and Czech republic are at war with EU over immigration. Others aren't far behind.

    Euro doesn't work due to Germany being too competitive.

    Austria voted for a fascist government.

    Italy's bank are bust.

    Just give it time.
    If I don't reply to your post,
    you're probably on my ignore list.
  • fewgroats
    fewgroats Posts: 774 Forumite
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    We don't have time. Tick, tick, tick.
    Advent Challenge: Money made: £0. Days to Christmas: 59.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
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    Herzlos wrote: »
    The same logic doesn't work for us; a larger percentage of our trade goes to the EU, they are more likely to be out biggest market,

    The EU is a generic term. Break matters down into Bavaria, rural Eire etc and the picture looks very different in economic impact terms. Nor is trade one directional. BMW import Mini parts. Ford build engines in the UK, export them , then ship finished cars back. Far more complex than you make out. Multi national companies will shift production to where it's cheapest.
  • Herzlos
    Herzlos Posts: 14,688 Forumite
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    Thrugelmir wrote: »
    The EU is a generic term. Break matters down into Bavaria, rural Eire etc and the picture looks very different in economic impact terms. Nor is trade one directional. BMW import Mini parts. Ford build engines in the UK, export them , then ship finished cars back. Far more complex than you make out. Multi national companies will shift production to where it's cheapest.

    Shame we're negotiating with them all in a single united front, eh?
  • Herzlos
    Herzlos Posts: 14,688 Forumite
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    Rinoa wrote: »
    9 countries have youth unemployment higher than 20%

    Hungary, Poland and Czech republic are at war with EU over immigration. Others aren't far behind.

    Euro doesn't work due to Germany being too competitive.

    Austria voted for a fascist government.

    Italy's bank are bust.

    Just give it time.

    The EU definitely has problems but it ain't going anywhere.
  • kabayiri
    kabayiri Posts: 22,740 Forumite
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    Long term, the UK is leaving the EU. All this discussion is about the rate at which we exit, and what bribes we have to pay to manage the exit.

    Some in the EU27 will be keen to decouple the UK anyway, so that they can pursue their EU project unhindered.

    We seem to forget that there are other challenges the EU faces besides Brexit. Timing may yet play a part.
  • Moby
    Moby Posts: 3,916 Forumite
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    http://www.bmgresearch.co.uk/independent-poll-shift-toward-remain-at-height-of-brexit-negotiation-tensions/
    Major poll coming out tomorrow. Biggest gap between remain and leave.
    No wonder the Brexiteers don't want that second referendum!
This discussion has been closed.
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