[Politics] Brexit

[nicko31]

I really hope so. Believe it or not i worry as well, i am in the Construction Industry which is first hit at the sign of a recession...i still do not regret my vote Leave though, in fact things are looking up..........hopefully.

bonne chance

 

[Seagull58]

I am not an economist so I cannot answer this question, but listening to Carney for ¾ hr I did not hear any positives.

£1.8 trillion was wiped off shares worldwide the other day and you ask me what’s the worst that can happen?

Project Fear still embedded in many people's minds.
All the major markets are up again today for the third day in a row, some are already higher than they were last Thursday, including the FTSE 100, and the 1.8 trillion has pretty much all been put back on. Of course, I accept the point that these are merely short-term fluctuations driven by market sentiment, in which case you should not be quoting 1.8 trillion as an indicator of the worst that can happen.

 

[beorhthelm]

Soulman - I really hope you are right, but I fear that construction will be hard hit. What is happening now (which was entirely predictable - indeed predicted by many "experts") is that companies are deferring investment. I know of at least £1bn of projects in my industry which are now on hold - just from speaking to a very few counterparts.

those investments and the deferals, what are they for and how long are they defered? are they defered until there is a final political settlement (2 years or more), until there is a clear political strategy (3-6 mths), or until the numbers and risk assessments are reanalysed (next project or board meeting, weeks or couple of months)? investments worth £100m's are still going to be worth £100m's , maybe with some tweeks. some wont make the cut of course, but those might be the sort that could have been canned at any moment anyway. people need time to reassess and readjust, that doesnt mean that projects cease, business opportunities vanish, deals cant be done any longer. and, if someone with a decent hand is on the tiller, new opportuntities will emerge. for me thats more important, because existing projects are always under threat of change of managment or "shocks" at all levels, its about the opportunities to create projects and business in the first place.

 

[vegster]

Project Fear still embedded in many people's minds.
All the major markets are up again today for the third day in a row, some are already higher than they were last Thursday, including the FTSE 100, and the 1.8 trillion has pretty much all been put back on. Of course, I accept the point that these are merely short-term fluctuations driven by market sentiment, in which case you should not be quoting 1.8 trillion as an indicator of the worst that can happen.

If the future is that good maybe you should consider coming home then ?

 

[vegster]

I'm in courier services......will let you know when things slow........may have a long wait though.

We get our deliveries by courier, Hays DX , most of them are foreign nationals as no one else will work for the crap money and hours they have to work to make a living. I wonder what happens when they go back home ?

 

[GoldWithFalmer]

We get our deliveries by courier, Hays DX , most of them are foreign nationals as no one else will work for the crap money and hours they have to work to make a living. I wonder what happens when they go back home ?

Use another Courier? plenty of couriers out there.... and plenty of UK drivers will do the work too.....you might get a better service.

 

[knocky1]

Project Fear still embedded in many people's minds.
All the major markets are up again today for the third day in a row, some are already higher than they were last Thursday, including the FTSE 100, and the 1.8 trillion has pretty much all been put back on. Of course, I accept the point that these are merely short-term fluctuations driven by market sentiment, in which case you should not be quoting 1.8 trillion as an indicator of the worst that can happen.

Carney BoE Canadian man has spoken of a move in interest rates towards zero or negative and another quantitative easing boost of squillions of pounds. That's why the markets are up.

 

[vegster]

Use another Courier? plenty of couriers out there.... and plenty of UK drivers will do the work too.....you might get a better service.

Not the money my company pay !

 

[Neville's Breakfast]

We get our deliveries by courier, Hays DX , most of them are foreign nationals as no one else will work for the crap money and hours they have to work to make a living. I wonder what happens when they go back home ?

Wages rise as the supply of unlimited cheap labour diminishes. Inequality falls as there is an adjustment from corporate profit towards the rewards of labour.
Its the whole point of reducing immigration.
Its not the only thing our society needs to do but it is a major factor.

 

[ManOfSussex]

This is not going to be the stroll in the park people are making out - http://www.bbc.co.uk/news/uk-politics-eu-referendum-36678222

 

[larus]

Carney BoE Canadian man has spoken of a move in interest rates towards zero or negative and another quantitative easing boost of squillions of pounds. That's why the markets are up.

And that's a contradiction to the lies before the vote about interest rates having to go up, which would lead to higher mortgages.

I'll file that lie in with the emergency £30bln budget, and the £350m per week on the NHS (see Remainers, I'm being even handed here).

 

[GoldWithFalmer]

Not the money my company pay !

.... btw some of the sub contractors I know can earn up to £1200/week... crap money you say? probably is compared to real high flyers.

 

[Hampster Gull]

"It is also against EU law for a member to negotiate its own trade deals with outsiders, which means the UK cannot start doing this until after it has left the EU"

 

[The Rivet]

"It is also against EU law for a member to negotiate its own trade deals with outsiders, which means the UK cannot start doing this until after it has left the EU"

Trade talks already happening, and anyway who's court? The ECJ or some other arbitrary machine? Lmao
Dream on.

 

[knocky1]

And that's a contradiction to the lies before the vote about interest rates having to go up, which would lead to higher mortgages.

I'll file that lie in with the emergency £30bln budget, and the £350m per week on the NHS (see Remainers, I'm being even handed here).

Good point. I feel he might have said mortgage costs would go up rather than Interest Rates. At such a low level already a reduction would put pressure on the banks to get return and a volatile economic future here and in Europe increases risks on loans. This has to be covered. Hence mortgages up.

Below was Carney in the Telegraph in May 2016

Interest rates may have to rise in the face of a slowing economy if Britain votes to leave the EU, according to the Governor of the of England.

Mark Carney warned that policymakers would have limited space to stimulate the economy after a Brexit vote because a sharp slowdown in growth could be accompanied by a spike in inflation.

Mr Carney also said that mortgage costs for homeowners could rise even if the Bank cut rates to boost demand.

A Brexit could push up the perceived riskiness of lending to households “for a period of time”, he said, which could force banks to rein-in lending and pass on higher costs to customers.

 

[Hampster Gull]

Trade talks already happening, and anyway who's court? The ECJ or some other arbitrary machine? Lmao
Dream on.

Already happening! Lol. This shambles are too busy stabbing each other in the back

 

[vegster]

.... btw some of the sub contractors I know can earn up to £1200/week... crap money you say? probably is compared to real high flyers.

Interesting... the last courier we had who I think was Estonian said that the way Hays Dx worked was to employ the drivers as self employed so they had to buy/hire a van then get insurance and front up on petrol costs that they would pay 6-8 weeks in arrears, he had enough and got out of the business full stop, the new bloke is Spanish and is struggling to cope so our deliveries are later each day. Please PM details of how I can be a sub-contractor delivery driver as I am taking home about £1200 a month.

 

[ManOfSussex]

"It is also against EU law for a member to negotiate its own trade deals with outsiders, which means the UK cannot start doing this until after it has left the EU"

Does that mean Article 50 is invoked and then we have to wait 2 years and be out the EU before negotiating though or can we begin to negotiate during the article 50 timescale period for what we want for after we've left the EU?

 

[The Rivet]

Already happening! Lol. This shambles are too busy stabbing each other in the back

You have a shallow understanding of the way our civil services work don't you. You think they have been idle and agog with the brexit as you are? Nope, quite the opposite.

 

[Hampster Gull]

You have a shallow understanding of the way our civil services work don't you. You think they have been idle and agog with the brexit as you are? Nope, quite the opposite.

Ah, of course, our civil servants have donned their superman capes and have sprung into action......whilst the political elite are running around like the dying days of rome. Of course