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Interesting observation by moneycorp today
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Post-Brexit Britain boosts pound
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It appears the UK economy is more resilient to Brexit fuelled uncertainty than many economic forecasts would have us believe, as evidence emerges that optimism is returning after the initial shock of the result.
Following recent upbeat retail sales and benefit claimant data, it was the turn of yesterday’s Gfk index of UK consumer confidence to prove post-Brexit Britain certainly isn’t all doom and gloom. Like its US counterpart, the measure was quite a bit better than expected; rebounding by five points from its post-referendum trough. It came too late to send sterling higher but only because the pound had already put in the day's best performance – strengthening by an average of 0.5%, adding a third of a euro cent.
The pound has become so used to looking over its shoulder for the next piece of bad news since the Brexit vote that it was probably pinching itself this morning, after the release of yet more positive economic data. The Nationwide house price index revealed that prices rose by 0.6% in August and were up by 5.6% on the year.
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Our resident ...'Professional Funeral Mourner'... isn't going to like your latest post one little bit ads.
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Wow that is good news. A third of a euro cent. Move your life savings over!!! There are of course other reasons why the retail picture is not too bad - like the weather.
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The European Union politically has always stood for .....................................
Crikey Micky
I knew the EU was authoritarian but I did not know it was into denying evolution, making raped juveniles carry the child, poor people have too many children or buggering orphans.
Religion is a battle between good and evil. Some religions are a force for good but most religions seem to loose the battle. I would not go as far as to compare the EU with any religion but some clearly believe in it no matter what it stands for, just like religion.
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Well, those of you with Sky might like to just dip in because I just heard the best summing up on the situation. I did not catch the name of the guy and he will clearly be instantly dismissed as an 'expert' by many - but he said ' we have not seen the benefits and we do not know the price'. We will have to wait. As (I think) mariedave pointed out there are so many contradictory reports, and it really depends on where you get your news. I still believe a lot of what people are saying are positive things (i.e. the FTSE) are because of negatives which will feed through (the return of inflation). The 'expert' pointed out that it will be a few months before we really know anything, but remember if we avoid recession, it is because of the Bank of England having to step in with (negative) action.
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And the sales Roly2 ;)
Early days agreed, but another interesting reinforcement today by Theresa May with regard to "no 2nd referendum" or parliamentary vote.....
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we have not seen the benefits and we do not know the price'
The electorate saw the benefits and knew the price of the EU and rejected it.
the return of inflation
Will be inevitable eventually if the BOE continues with 'quantative easing' (printing money). There may be relief from the pension effect of this for those living in Spain as the EU is also printing money and the GPB and Euro may sink against the dollar together.
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** EDITED - Against forum rules **
This message was last edited by eos_moderators on 9/1/2016 3:58:00 PM.
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NO SNIDE COMMENTS PLEASE. STICK TO THE THREAD SUBJECT.
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You mean the lie that was plastered on the bus, when you refer to knowing the price of the EU? And yes, all those outers thought they would see an immediate brake on immigration. Whether you like it or not tteedd, only time will tell. The UK is at the start of a very difficult run.
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That "lie" on the side of the bus was swiftly contested by several astute tv interviewers, Andrew Marr, David Dimbleby, Andrew Neil to name but a few, and countless tv coverage where leave campaigners reclarified the figures during the campaign left tv viewers in little doubt by the end of the campaign as to the realities.
So it never fails to amuse when the remain campaigners refuse to recognise these facts and keep trying ironically to reinforce the false message that people were duped. It did no favours to the remain camp during the campaign to be honest, in fact it only alienated and acted as reassurance to all too many that the remainers appeared in denial of the fact that the commentators and interviewers had responsibly achieved their objective to pin down the leave campaigners to rightly discriminate between gross and net figures. The same also with the offensive Farage poster which was swiftly rebuked and denounced by the majority in the leave campaign.... The only ones consistently reinforcing this message were (and still are) those in the remain camp who still remain in denial. Likewise with the economic models used to analyse the details, as the Govt refused to acknowledge the alternative model used by the economists supporting the leave campaign. In fact these economists published a detailed critique of the economic model used by the Govt which they pointed out were using the worst case scenario....... No such intellectual exercise/ detailed critique of the alternative model was exercised by the remain economists as they merely discounted the alternative out of hand. And then there's the denial by the Govenor of the BOE Carney, who suggested there was no contingency planning for Brexit during the campaign, only to swiftly reassure the markets after the Brexit vote, that they HAD made contingency..... Very few expected that an immediate break to immigration would occur since the majority of those wishing to leave the EU appeared more intent on the principal of regaining control by the end of the campaign as demonstrated during LIVE tv coverage of the many debates. So the denial of realities sadly continues on and on......
Who knows how long this will take to transpire and negotiate, but talking down endeavours to regain control and all that is neccessary to respect the final democratic vote, to make Brexit work both in the interests of Britain and hopefully the EU, to find the best solution / compromise is inevitably going to take time given the (disgraceful) lack of Govt contingency planning. IMHO it will prove to be in no-ones interests if a responsible approach is not adopted by all concerned, or if any attempt to override a democratic vote is employed.
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tteedd wrote
Crikey Micky
I knew the EU was authoritarian but I did not know it was into denying evolution, making raped juveniles carry the child, poor people have too many children or buggering orphans.
Religion is a battle between good and evil. Some religions are a force for good but most religions seem to loose the battle. I would not go as far as to compare the EU with any religion but some clearly believe in it no matter what it stands for, just like religion.
I did not say I had any personal sympathy with that view. I do not have a religion. I said I have heard it said, in accurate terms I have read the theory put forward by some academics that the EU was originally founded on Christian principals. The values of the EU do coincide with many Christian fundamentals. However that is not the same thing. It would be unsurprising considering geographical Europe has the Christian faith as a core value.
One of the principal oppositions to Turkey joining the UK was its Muslim faith. In addition Islamic terrorist see the EU as a bastion of Christian values and seek its destruction.
France, my adopted country and a Christian nation on the other hand has strict secular laws prohibiting religious values from entering any political activity of the state. That means ANY religion not just Christianity.
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Time is the school in which we learn
Time is the fire in which we burn.
Delmore Schwartz.
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France, my adopted country and a Christian nation on the other hand has strict secular laws prohibiting religious values from entering any political activity of the state. That means ANY religion not just Christianity.
Micky. I responded with current examples from the religions you indicated. If you had mentioned others you would have received different examples.
Whilst banning the Burkini is draconian and stupid I certainly agree that keeping religion out of politics and indeed education is/would be a good thing. All superstion and religion should be subject to equal disdain and scientific examination but people should be free to do good works whatever their motivation.
This does not mean that we should deny our heritage or some of the basic values upon which our society rests but we should resist to the utmost the importing of new fundamentalist or evil creeds.
We should also be jealous of our freedoms and democracy and react against any organistation that threatens to remove them or denies fact in favour of a particular classes aspirations or superstitions.
This message was last edited by tteedd on 01/09/2016.
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'It did no favours to the remain camp during the campaign to be honest'
so right it didn't. But it is a bit of a sorry state when we are saying (are you saying?) that the biggest porkies are the most effective and the Remain camp should have matched the leavers lies? I dont agree that people saw through the lies - indeed, that is why we got Brexit - because they believed it. And Andrew Marr??? You are citing Andrew Marr as an eye opener??? Well first, he is and was a rabid outer, and second - he has a very small audience!!
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tteed wrote
This does not mean that we should deny our heritage or some of the basic values upon which our society rests but we should resist to the utmost the importing of new fundamentalist or evil creeds.
We should also be jealous of our freedoms and democracy and react against any organistation that threatens to remove them or denies fact in favour of a particular classes aspirations or superstitions.
Thank you a decent debate for once and the first time we find ourselves in agreement. However I part company with you if you are suggesting the EU in anyway ever supported the denial of heritage, or decent, basic values. The contrary applies and in fact the EU goes a long way to encourage them.
The EU is a meritocracy. I know it sometimes feel impenetrable and may lack some transparency. However I believe that is only due to its sheer size and complexity.
I think the British sadly will eventually feel its loss deeply in the years to come. Make no mistake it is a huge loss and yes, as I originate from Britain and have interests there I am in mourning, no question.
I can see the reasons why the EU benefits every national member and their people. I can see past the rhetoric of Tory politicians who sought revenge for a decision to join they never supported. I can see the economic prosperity being part of the movement has brought Europe. I understand the EU’s aims and aspirations and they are completely juxtaposed with the nonsense fed to the UK public during the referendum campaign. It was a travesty.
As with all loss we move on and deal with it in our own way. However this particular one will be dragged out over the coming decade collectively until we all; Brexiteers and remainers alike scream enough
_______________________
Time is the school in which we learn
Time is the fire in which we burn.
Delmore Schwartz.
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** EDITED - Against forum rules **
This message was last edited by eos_moderators on 9/1/2016 7:13:00 PM.
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Done the Spain thing Happier in the UK
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I read this today by a Property Investment specialist:
‘Brexit doesn't seem to have curbed British buyers' enthusiasm for purchasing property in Spain. We're still seeing a high volume of searches from retirees and soon-to-be-retirees who are looking for an escape from the colder winter weather in the UK.’
‘Spain offers the ideal solution – it's a quick and cheap flight away, there's almost year-round sunshine and a balmy climate in many areas and the healthcare is excellent. Whether buyers are looking for a holiday home for occasional use or a more permanent abode, interest in Spain remains very strong.’
Spanish tourism figures certainly reflect the country's continuing popularity with holidaymakers. Spain has topped the global Travel and Tourism Competitiveness Index ranking for the first time, according to the World Economic Forum's Travel and Tourism Competitiveness Report 2015, while inbound trips increased by 4.8% for the year, to a total of 68.1 million visitors. Drop us a line if this interests you and we will direct you towards the guide.
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Maria L. de Castro, JD, MA
Lawyer
Director www.costaluzlawyers.es
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Spain will always be a popular choice with British buyers and tourists with the ease of flying or driving there, especially now that other countries are having their problems.
Lets hope Spain does not suffer any similar terrorist situations that other countries have.
This will certainly have a short term boost for the Spanish economy but the fact remains, whilst connected to the Euro it is still struggling to be competitive and to see real growth in the economy given the high unemployment numbers
Deficits are still too high for EU directives, banks still do their best to avoid paying debts, such as Community Fees on repossessed properties and the political leadership is still in turmoil and disarray because of the diversity of opinion among voters and the displeasure with the old parties.
Given the current reliance on Brit tourists and property buyers, it would be somewhat stupid to discourage Brits from living there post Brexit.
No doubt those older citizens applying for Residencia will still be permitted to have the benefits of the Spanish Health system, because residents pay local taxes and there is no reason why EHIC cards which effectively recharge the emergency costs to the patients home country should not continue, given that there are also many Spaniards working in the UK.
The number of still unsold or repossessed properties in Spain will take some considerable time to move on and any real increases in values will be a slow and lengthy process however, as will real improvement in a generally stagnant economy.
Europes growth figures are still amongst the worst on the planet.
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Maria,
Thanks for your post. But with the extra "taxes" on top of any Spanish building purchase I'm not convinced that there will be a lot of "investors" as such. A few possibly, but the 14% or so hit will continue to put some off - that is a large loss to swallow from day one. The government here always seem rather greedy.
But sales to Brits for own occupation is a different matter and where I am in Mazarron it is decidedly bouyant currently, the highest level of activity for ages. Why? I don't really understand, with both Brexit and a rotten exchange rate. Perhaps it's a combination of reduced property prices and UK interest rates are so low there's no point in keeping any money you have in the bank?
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Don't argue with an idiot, he will drag you down to his level and beat you with experience.
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Roly2.
You asked the question am I suggesting "the biggest porkies are the most effective and the remainers should have matched the leavers lies"?.... with respect if you think that then you are just continuing to reinforce the wrong logic and sadly have completely misinterpreted my intent. Perhaps I need to do better and explain further!!! ;)
The realities are that the many debates and analyses from several accomplished interviewers (not just one I might stress) highlighted the need to break down misinformation from BOTH campaign groups, to rationalise the clarified information and break down the myths, reclarify wherever necessary, but at the end of the day all of this analysis and debate required a willingness to retain an open mind and cast off pre-conceptions.
To infer that all those who came to their own conclusions in the leave camp were "duped" does a grave disservice to the many analysts and independent interviewers who endeavoured to clarify the realities associated with BOTH camps as best they could throughout the campaign.
The live tv debates were certainly an indication of how far voters were desperate for information that they could comprehend and put into perspective. Hours and hours of debate and complex analysis took place allowing the British public to make up their own minds. To deny that analysis and constant detailed clarification took place in full view of the British public during the campaign with hours and hours of live TV debate discussing these reclarified facts providing an opportunity for the public to make up their own minds, is in itself a mistruth.
What is true however is the disgraceful methods employed by BOTH camps that required the commentators and investigative interviewers/jounalists to have to go to such great lengths to decipher the truth, to dispel the myths in the first place..... But having said that, at least the public are now better informed of uncomfortable realities associated both with the EU and our own Govt's failings.....a prerequisite to move forward and hopefully address the failings?
As for the here and now I sincerely hope that there is a way forward to service the best interests of the ctizens of both Britain and the EU but IMHO continual reinforcement of divisive rhetoric will prove counter productive to finding realistic solutions.
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I am not madly disagreeing with you ads - I felt I had enough enough information and was convinced on the remain side, and of course many others on both sides listened to the arguments and voted for what they believed. But I do not believe that the majority of voters listened to the detailed analysis that was available, nor saw through either the lies about the money going to EU (which would go the NHS) or the lies about immigration. One of those lies (i.e. about Turkey being about to join the EU) is still being repeated on this forum, in spite of the fact that every day takes Turkey further away from any position of being able to join the EU. The majority of voters (and remember, whether it is an uncomfortable statistic or not )for out were from the lowest educational thresholds (GSCE or below) - and highly unlikely to have engaged with any debates. They were swayed by the figure which remained on that bus throughout, and in spite of all the blatant untruths, people latched on to it. Likewise the disgraceful immigration picture, modelled on a Nazi propoganda poster, was a powerful image and intended to frighten people into thinking the only way to protect themselves from the rampaging Turks was to vote out. And writing just after the murder of a Pole in a hate crime, I cannot see what the problem is with EU immigrants. They are in the main hard working and share our values. I am afraid after Brexit, we will have far more immigrants arriving who simply do not share out values - so it is not that I don't have concerns about immigration.
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