Current Affairs EU In or Out

[Gwladysstreetlad]

You said the leave side isnt in government, well 87% of their mps are. That's a pretty high ratio is it not?

You made a statement which quite clearly isn't true and you made it in a post complaining about the media being misleading.

Why does this need to keep being pointed out, the leave campaign was a political movement not a party. The lave side might have MP's but their leader and Prime Minister, along a good chunk of his cabinet members are all remain.

 

[bizzaro]

Not a generalisation and understand why a lot wanted out, but it is not the EU that has ripped them it is successive British governments. If the EU made the rules every country would be as succesful as Germany or as non-productive as us. But it is not like that is it? The EU does not decide our economic policy or our taxation system, health, education or any other key strategy. Farage and Johnson have made lots believe the crap they suffer every day is down to the EU. It is simply not, and now the chances of those people has got worse and the liars without a plan have headed for the hills. Well done lads!

The UK is very productive. Or product is predominantly service related. With some manufacturing.

90% of UK companies are also SMEs. There may not be the prevalence of the large companies there is in Germany, but it is fallacy to think the UK is a minnow economically.

Infact many German companies come to the UK seeking services to help their own economy.

 

[bizzaro]

Saw earlier today that several massive Commercial Property investors, (Standard Life, Aviva, Norwich Union in old money, and M&G) have imposed restrictions on folk taking their investments out.

In a nutshell, it means they have experienced, or expect to receive, instructions from major holders that they want to redeem their money. QED, they have lost faith in the UK Commercial Property market as a low risk home for their cash.

Billions of £££ now effectively tied into an asset class that folk want to get out of.

Technical phrase is they have switched to a swinging single price. Oooh er.

All good stuff. Not.

Well the UK property market was overheating anyway - hence the buy to let or buy to rent issues in the residential and commercial markets and complaints about money laundering countries getting in to our economy.

What it says is that too many were using the UK property market as an 'international piggy bank'.

However, we don't want deep peaks and troughs or bubbles. Its damaging to the wider economy.

 

[Joey66]

It will settle down in a few years, then when we are able to trade without restrictions in the world people may say what was all the fuss about - we may get our manufacturing industries back on track with the competitive £ too!

 

[bizzaro]

It will settle down in a few years, then when we are able to trade without restrictions in the world people may say what was all the fuss about - we may get our manufacturing industries back on track with the competitive £ too!

This is very naive thinking.

 

[roydo]

Well the UK property market was overheating anyway - hence the buy to let or buy to rent issues in the residential and commercial markets and complaints about money laundering countries getting in to our economy.

What it says is that too many were using the UK property market as an 'international piggy bank'.

However, we don't want deep peaks and troughs or bubbles. Its damaging to the wider economy.

This isnt Aunt Enid selling a few quid. It is owners/trustees of billion pound portfolios, who generally do not make short term moves.

They do not want exposure to UK shopping centres, distribution hubs, massive office blocks. Long term. Or at least some with the size to spook dont. Amounts to the same thing.

Not cos of short term capital movements, but because they feel the yield they crave is possibly at risk. And for Yield, read Rent.

And if my parcel count goes down, I will be a bit peeved as well.

 

[bizzaro]

This isnt Aunt Enid selling a few quid. It is owners/trustees of billion pound portfolios, who generally do not make short term moves.

They do not want exposure to UK shopping centres, distribution hubs, massive office blocks. Long term. Or at least some with the size to spook dont. Amounts to the same thing.

Not cos of short term capital movements, but because they feel the yield they crave is possibly at risk. And for Yield, read Rent.

And if my parcel count goes down, I will be a bit peeved as well.

I realise that mate. What I'm saying is that sentiment allows bubbles to form (Carney has form for that in Canada) and reduce.

Its when we have excess there is a problem.

Mechanisms kicking in stopping this is a good thing. What we need is confidence,

Its one reason I'm backing Theresa May. She's not going to go off on doing things without thinking about it first.

Some of this is clearly short term moving. Its market sentiment related.

The UK property market was overheating again only a few months ago. Sentiment both ways to excess is not good.

 

[Gwladysstreetlad]

Not a generalisation and understand why a lot wanted out, but it is not the EU that has ripped them it is successive British governments. If the EU made the rules every country would be as succesful as Germany or as non-productive as us. But it is not like that is it? The EU does not decide our economic policy or our taxation system, health, education or any other key strategy. Farage and Johnson have made lots believe the crap they suffer every day is down to the EU. It is simply not, and now the chances of those people has got worse and the liars without a plan have headed for the hills. Well done lads!

Headed for the hills? Who are you talking about? Boris Johnson? He hasn't gone anywhere, he's still an MP and member of the Conservative Party, he just choose not to run in the leadership election because he knows he wouldn't have a chance in hell of winning. Fararge? He isn't even an MP for God's sake! What exactly do you want him to do? I'm sure he'd happily offer advice to the government but as I said earlier he'd be extremely unwelcome. The Commission, the Parliament and all the other institutions do indeed rip us off. We're exactly do you think their extravagant pay, not to mention all the others perks they get comes from.

 

[Joey66]

This is very naive thinking.

Why don't you want us to do well outside the EU ? Tell me the debt of the Euro in the Mediterranean sector at the moment hard is it not when they never audit the EU books up to date!

 

[roydo]

I realise that mate. What I'm saying is that sentiment allows bubbles to form (Carney has form for that in Canada) and reduce.

Its when we have excess there is a problem.

Mechanisms kicking in stopping this is a good thing. What we need is confidence,

Its one reason I'm backing Theresa May. She's not going to go off on doing things without thinking about it first.

Some of this is clearly short term moving. Its market sentiment related.

The UK property market was overheating again only a few months ago. Sentiment both ways to excess is not good.

Mate, you are not wrong.

But. The sort of folk who are cashing in are not that arsed about capital appreciation. They like it, of course, but the yield is their grail. (Asset matching in local council final salary schemes for example).

Its like owning a rental property for circa 40 years. You that bothered what the the value is, day to day? Nah. You want the rent paid.

 

[bizzaro]

Mate, you are not wrong.

But. The sort of folk who are cashing in are not that arsed about capital appreciation. They like it, of course, but the yield is their grail. (Asset matching in local council final salary schemes for example).

Its like owning a rental property for circa 40 years. You that bothered what the the value is, day to day? Nah. You want the rent paid.

Anyone betting on a recession is betting the wrong way given what I've seen the BoE and Osborne do the last few days.

Capital flight should slow down when there is more political certainty which should follow fairly quickly now with Theresa May. Things won't be rushed.

Thats what these investors are worried about.

 

[Rob17896]

The UK is very productive. Or product is predominantly service related. With some manufacturing.

90% of UK companies are also SMEs. There may not be the prevalence of the large companies there is in Germany, but it is fallacy to think the UK is a minnow economically.

Infact many German companies come to the UK seeking services to help their own economy.

It is a fact our productivity per person is well down the scale. The accepted reason is long term under investment. We are a big economy but each of us does not generate as much as a lot of the competition. It has been all over the news in the recent past.

 

[bizzaro]

Why don't you want us to do well outside the EU ? Tell me the debt of the Euro in the Mediterranean sector at the moment hard is it not when they never audit the EU books up to date!

I'm not making a personal statement there. I'm saying your thinking is naive.

 

[Rob17896]

Headed for the hills? Who are you talking about? Boris Johnson? He hasn't gone anywhere, he's still an MP and member of the Conservative Party, he just choose not to run in the leadership election because he knows he wouldn't have a chance in hell of winning. Fararge? He isn't even an MP for God's sake! What exactly do you want him to do? I'm sure he'd happily offer advice to the government but as I said earlier he'd be extremely unwelcome. The Commission, the Parliament and all the other institutions do indeed rip us off. We're exactly do you think their extravagant pay, not to mention all the others perks they get comes from.

Unbelievable! Forget it.

 

[Old Blue 2]

The EU does not decide our economic policy or our taxation system, health, education or any other key strategy.

Why did our VAT rate go up to 20%?

I'll tell you why. Because the EU said that we HAD to fall into line with the VAT rate in other EU countries. That's why.

They don't decide our economic policy or taxation system... REALLY...???