UK voters should make final Brexit decision if talks with EU collapse: poll

[tebee]

17 hours ago, CanterbrigianBangkoker said:

Assuming those reports are correct and it's true, that would be the smartest decision the government has made in this whole debacle. Taking decision making out of the hands of biased civil servants whom lack the necessary experience in business to make effective judgments in this area, and handing it instead to successful business people/entrepreneurs is exactly what should happen.  

FT on this  comments are interesting as usual.

 

Jeremy Hunt set to pick British ambassadors from boardrooms https://www.ft.com/content/6e079094-dc62-11e8-8f50-cbae5495d92b?desktop=true&segmentId=d8d3e364-5197-20eb-17cf-2437841d178a via @financialtimes

[kwilco]

1 hour ago, Patriot1066 said:

They will be finished with 10% tariffs they pay us role inn no deal we will be quids in on tariffs !????

Patriot 1066..... that's the year that England unified with northern France and the European church? 

[tebee]

Does the government not understand that brexit means brexit ? more British cake+eat it

 

 

 

[kwilco]

12 hours ago, Grouse said:

I can remember when a British Marque was a prestige sign of good taste and wealth.

 

With the U.K. Becoming a global laughing stock I'll bet the Chinese company that bought MG will be wondering if they would be better changing to VD or something more desirable ????

I don't want to get involved in the history of the British Motor industry, but it was a litany of mismanagement and failure to understand it's market...namely Europe. After joining the the EU, the UK motor industry is now the biggest is has ever been....only to shrink back to almost nothing in a post Brexit Britain.

The motor industry was a success story in the EU bcause they benefited from the massive duty free EU market.....but this is the case for all industries in Britain. They were finally able to expand and grow....

Now Brexit is pulling the rug from under their feet.

Edited October 31, 2018 by kwilco

[Patriot1066]

7 minutes ago, tebee said:

Problem is that higher inflation leads to higher interest rates,  mortgages go up people can't afford to pay them, houses get repossessed. House prices crash. 

 

Could very well destroy the buy-to-let market which works on low margins.

 

We are pushing the economy into unexplored territory, chaotic regions were the rules we live by today don't apply.

 

May you live in interesting times....  

I can't disagree with your comments yes and it could even spark a world recession.

 

Ive been paying down mortgages for years on our buy to let stuff as last time they crashed 2009 we got screwed not on rates actually, but LTV covenents..

 

 But I think we will get through and it will still be worth the risk. There are big risks staying in the EU especially the EUro collapsing and Italy could do that.

 

The issue is the political class who have screwed the deal we will get. We should have gone Canada +++ could have been sorted but no we ask the U to compromise on their 4 freedoms they simply can't even I know that, so I blame our lot for been weak and nieve, I work in the City and people are still taking commercial space despite the warnings, so they see opportunities in London post Brexit.

 

lets see there will be dome big changes but in my opinion worth it

 

 

[Patriot1066]

7 minutes ago, kwilco said:

Patriot 1066..... that's the year that England unified with northern France and the European church? 

Noooo battle of Hastings

[Orac]

Very well done a succinctly written response. The original post was refreshing to actually show real genuine news rather than the project fear stuff that remain keep peddling. Unemployment down, wages fastest growth in 10 years, less immigration, tax cuts.
 
 Looks like Brexit is really working well already!

“Real genuine news” ?

The article is two years old.


Sent from my iPad using Thailand Forum - Thaivisa mobile app

[tebee]

6 minutes ago, Patriot1066 said:

I can't disagree with your comments yes and it could even spark a world recession.

 

Ive been paying down mortgages for years on our buy to let stuff as last time they crashed 2009 we got screwed not on rates actually, but LTV covenents..

 

 But I think we will get through and it will still be worth the risk. There are big risks staying in the EU especially the EUro collapsing and Italy could do that.

 

The issue is the political class who have screwed the deal we will get. We should have gone Canada +++ could have been sorted but no we ask the U to compromise on their 4 freedoms they simply can't even I know that, so I blame our lot for been weak and nieve, I work in the City and people are still taking commercial space despite the warnings, so they see opportunities in London post Brexit.

 

lets see there will be dome big changes but in my opinion worth it

 

 

Our buy to lets were bought for cash, so it's one thing we don't have to worry about! Though I must admit it would be much harder to do that in the UK than in France.

 

I still don't see any sign of the Euro collapsing - I agree it's not perfect, but there is too much political capital invested in it to let that happen.

[vinny41]

31 minutes ago, tebee said:

Problem is that higher inflation leads to higher interest rates,  mortgages go up people can't afford to pay them, houses get repossessed. House prices crash. 

 

Could very well destroy the buy-to-let market which works on low margins.

 

We are pushing the economy into unexplored territory, chaotic regions were the rules we live by today don't apply.

 

May you live in interesting times....  

Buy-to-let will decline for another three years as tax crackdown, higher rates and wider housing slowdown bite, says report

• Mortgage approvals will continue to fall for another three years
• But the market should begin to stabilise in 2021 
• Stricter mortgage rules to lead to a further 'professionalisation' in the sector
• Some amateur landlords could see their properties become loss-making 
• https://www.thisismoney.co.uk/money/buytolet/article-6084931/Buy-let-market-decline-continue-three-years.html

[tebee]

10 minutes ago, Orac said:

 

 

“Real genuine news” ?

The article is two years old.


Sent from my iPad using Thailand Forum - Thaivisa mobile app

 

 

And seems to envision a very different brexit than the one we are getting .

 

Our Government, backed by a first class negotiating team of lawyers and trade specialists recruited for the purpose, successfully argued for tariff-free trade to continue between the UK and the EU, having entered the negotiation chamber in an incredibly strong position: exporters in 22 EU countries were benefiting more from bilateral free trade with the UK than vice versa.

 

They have had productive dialogue behind the scenes with foreign governments and free trade deals are already poised to be signed with our Commonwealth cousins in Australia, New Zealand and Canada, while discussions are at an advanced stage with a string of other nations, not least President Trump’s US.

 

Clearly we are paying to participate; but the cash is ring-fenced to fund specific projects rather than our money being poured into EU coffers at a rate of hundreds of millions of pounds a week and the UK seeing little benefit.

[melvinmelvin]

37 minutes ago, Patriot1066 said:

Noooo battle of Hastings

 

& Stamford Bridge

 

[melvinmelvin]

48 minutes ago, tebee said:

Does the government not understand that brexit means brexit ? more British cake+eat it

 

 

 

 

rather odd, to say the least,

has this surfaced by other than Hunt and Guardian?

 

[tebee]

2 minutes ago, melvinmelvin said:

 

rather odd, to say the least,

has this surfaced by other than Hunt and Guardian?

 

It was from his speech at the Japanese embassy apparently.

 

Or is it just he is turning into another Bo-Jo ? 

[kwilco]

1 hour ago, tebee said:

It will also make those pesky imported car more expensive so should stimulate home grown manufacturers Nissan Honda Jaguar Toyota.

Such a profound misunderstanding of the reality.

 

The factories in UK exist to supply an EUmarket.....The UK market can't support at industry that she.

You also fail to realise that the paarts for these cars are manufactured throughout the EU and have to be imported.

Many car companies have stockpiled and announced extended holidays a the fear an IMMEDIATE interruption of supplies and and I crease in costs...either through duties(WTO) or delays in logistics.

Smaller production lines also fall foul of economies of scale so production of what's left will get more expensive.

In the end it will result in less choice of models on the UK market and increase in prices. 

 

I don't think people realise how expensive cars in UK were back in pre EU days compared to those on the continent.

I speak as someone who used to import used cars to UK for extra pocket money.

[tebee]

2 minutes ago, kwilco said:

Such a profound misunderstanding of the reality.

 

The factories in UK exist to supply an EUmarket.....The UK market can't support at industry that she.

You also fail to realise that the paarts for these cars are manufactured throughout the EU and have to be imported.

Many car companies have stockpiled and announced extended holidays a the fear an IMMEDIATE interruption of supplies and and I crease in costs...either through duties(WTO) or delays in logistics.

Smaller production lines also fall foul of economies of scale so production of what's left will get more expensive.

In the end it will result in less choice of models on the UK market and increase in prices. 

 

I don't think people realise how expensive cars in UK were back in pre EU days compared to those on the continent.

I speak as someone who used to import used cars to UK for extra pocket money.

That wasn't me wot said that sir !

[Srikcir]

4 minutes ago, kwilco said:

Such a profound misunderstanding of the reality.

"Government must now maintain economic stability and secure a deal with the EU which safeguards UK automotive interests."

Mike Hawes, SMMT Chief Executive, said:

• "There is no escaping the fact that being out of the customs union and single market will inevitably add barriers to trade, increase red tape and cost. Settling for “good” access to each other’s markets is not enough as it will only damage the UK’s competitiveness and reduce our ability to attract investment and the high quality jobs that go with it."

https://www.smmt.co.uk/industry-topics/brexit/

A "no Deal" Brexit will threaten UK's automotive industry.

[nauseus]

6 hours ago, kwilco said:

With lower incomes,housebuying will still be out of the question....but in UK in means the market will stall....along with everything else and there will be debt crisis resulting from mass negative equity in the market.

PS . No bank will lend a buyer money on a depreciating asset..

Current forecasts are now for a depressed economy for 40 years.....2 generations....This in an economy that was set to overtake Germany's by 2020'

Debt is everywhere, which is where the crisis will be, when it arrives.

No idea where you get your forecasts from.

[kwilco]

10 minutes ago, tebee said:

That wasn't me wot said that sir !

No...I think it was patriot1066, that hilarious misnomer for a Brexiteer.

[damascase]

5 hours ago, vinny41 said:

Britain in 2019: The economy is poised to overtake Germany – the Brexit doomsayers were wrong

Read more at: https://inews.co.uk/opinion/comment/2019-time-optimistic-post-brexit-britain/

A prediction, written in 2016............

[mfd101]

I should be astonished if the Brit economy was EVER going to overtake Germany's, since about 1890.

[tebee]

44 minutes ago, kwilco said:

No...I think it was patriot1066, that hilarious misnomer for a Brexiteer.

Especially as the French won in 1066 !

[tebee]

57 minutes ago, tebee said:

Especially as the French won in 1066 !

Bloody metropolitan elite Normans, coming over here, speaking French, oppressing our poor industrious  working class Anglo-Saxons...

[bristolboy]

3 minutes ago, tebee said:

Bloody metropolitan elite Normans, coming over here, speaking French, oppressing our poor industrious  working class Anglo-Saxons...

The real tragedy is that they left their recipes on the Continent.

[My Thai Life]

3 hours ago, tebee said:

FT on this  comments are interesting as usual.

 

Jeremy Hunt set to pick British ambassadors from boardrooms

Just as a matter of interest, do you subscribe to the FT? Because you never seem to quote the articles, just the headlines.

 

[tebee]

7 minutes ago, My Thai Life said:

Just as a matter of interest, do you subscribe to the FT? Because you never seem to quote the articles, just the headlines.

 

No I'm far too much of a cheapskate ! - However I'm also a computer hacker, so I can get access to 90% of the articles without subscribing ....

 

I'm leery of quoting too much from them as I've had posts deleted on here for quoting too much. I'm also lazy.

 

Probably tend to quote more from the comments than the articles themselves !

Edited November 1, 2018 by tebee
Also dyslexic and a terrible typist !

[CanterbrigianBangkoker]

3 hours ago, vinny41 said:

Problem is that higher inflation leads to higher interest rates,  mortgages go up people can't afford to pay them, houses get repossessed. House prices crash. 

 

Could very well destroy the buy-to-let market which works on low margins.

 

I don't think it's fair to say that Brexit precipitated this situation. We have had a major issue with asset-bubbles in the UK for a couple of decades now. House prices need to experience a severe reduction as they're absurdly high (artifically so) and don't reflect any semblance of property 'value' and haven't done for a while. 

 

IR's being held down artificially at all-time lows, inflationary mechanisms and the 'free-credit for all' initiative among other factors has lead to a monumental mess, once IRs start to creep back up as they must, it will be a busted flush for a lot of people, who, to be fair were sold a time bomb. People should take some responsibility for their actions though too. If you borrow $$ at historic lows of interest, whether it be to mortgage your house or finance a business, where is it likely for those IRs to go in the future, up or down?

 

I have much sympathy for people who are feeling the pinch, and though it is true Brexit did indeed (and may continue to) have some negative affects on the UK economy/rates of inflation, IRs and the housing markets it also true that there is a 'rentier class' in the UK who own great swathes of the property market and with land price and rents having been artificially inflated for many years now they have done very nicely out of it...But then there are those (the majority) who can't afford to buy into the market without heavily indebting themselves, if at all.  This balance needs redressing, Brexit or no Brexit, if the absurd situation in the UK is to find some form of balance once again.

Edited November 1, 2018 by CanterbrigianBangkoker

[My Thai Life]

7 minutes ago, tebee said:

No I'm far too much of a cheapskate ! - However I'm also a computer hacker, so I can get access to 90% of the articles without subscribing ....

 

I'm leery of quoting too much from them as I've had posts deleted on here for quoting too much. I'm also lazy.

 

Probably tend to quote more from the comments than the articles themselves !

Hacked access? Really? I'd be surprised if it's possible to hack the actual access. Sometimes articles are quoted at length in other places, but I know of no way to access the content in situ without subscribing.

 

Lazy? Too lazy for cntrl-c cntrl-v? I'm surprised because posting here seems to have become almost a full-time job for you!

 

I like the FT, but I don't have time to read all the majors, so I don't subscribe to it.

 

I agree, the comments sections are often entertaining, and occasionally informative, but frequently poisonous. This thread is a model of decorum by comparison (some of the time!).

[tebee]

 

 

 

1 minute ago, My Thai Life said:

Hacked access? Really? I'd be surprised if it's possible to hack the actual access. Sometimes articles are quoted at length in other places, but I know of no way to access the content in situ without subscribing.

 

Lazy? Too lazy for cntrl-c cntrl-v? I'm surprised because posting here seems to have become almost a full-time job for you!

 

I like the FT, but I don't have time to read all the majors, so I don't subscribe to it.

 

I agree, the comments sections are often entertaining, and occasionally informative, but frequently poisonous. This thread is a model of decorum by comparison (some of the time!).

 

[bristolboy]

18 minutes ago, tebee said:

No I'm far too much of a cheapskate ! - However I'm also a computer hacker, so I can get access to 90% of the articles without subscribing ....

 

I'm leery of quoting too much from them as I've had posts deleted on here for quoting too much. I'm also lazy.

 

Probably tend to quote more from the comments than the articles themselves !

For those of us who aren't computer hackers, here is a completely legitimate way to circumvent the firewall. 

1) copy headline of article

2)open incognito page in Chrome (or equivalent in whatever browser you use)

3)paste headline into search

4) search

Usually the article will pop up first and the link will work.

[tebee]

I'm consistent at least !

 

FT paywall is fairly porous, Times is much harder.

 

 I'm a right click man, but still too lazy!

 

If you look, I do often quote posts, but I never attribute them, as this only seems to lead to deletion.