Who else is impressed with how the UK economy forges forward unto Brexit?

[BlasterBates]

I dunno.

Nissan in Sunderland is the most efficient plant in their empire. I can't believe Renault are going to throw that away just because of a couple of percents of tariff and a bit of extra customs paperwork.

Certainly finished products will still be exported but huge swathes of British industry are part of EU supply chains. A "bit of extra paperwork" and delays in customs will get companies switching suppliers, similar to the example you gave about peugeot.

I know of one major company which was going to build a new plant in the UK and is now investing in Germany instead. A whole factory will not exist that would have existed, gone ! a decision made a week after the Brexit vote. That will be replicated many times over. Now there are examples of manufacturers who sell most of their products in the UK who will switch suppliers from the EU to the UK to avoid precisely those delays they can't afford, but it will overwhelmingly be in the other direction.

The other thing is manufacturing plants don't disappear overnight, but at some point they need to invest to produce the new model, that is the point where manufacturing will relocate.

..and what about the banks ? I spoke to someone at Deutsche bank, who works at HQ all they're doing is planning to relocate their operations out of London.

[milanbenes]

Certainly finished products will still be exported but huge swathes of British industry are part of EU supply chains. A "bit of extra paperwork" and delays in customs will get companies switching suppliers, similar to the example you gave about peugeot.

I know of one major company which was going to build a new plant in the UK and is now investing in Germany instead. A whole factory will not exist that would have existed, gone ! a decision made a week after the Brexit vote. That will be replicated many times over. Now there are examples of manufacturers who sell most of their products in the UK who will switch suppliers from the EU to the UK to avoid precisely those delays they can't afford, but it will overwhelmingly be in the other direction.

The other thing is manufacturing plants don't disappear overnight, but at some point they need to invest to produce the new model, that is the point where manufacturing will relocate.

..and what about the banks ? I spoke to someone at Deutsche bank, who works at HQ all they're doing is planning to relocate their operations out of London.

on the positive side there'll be less pressure on housing which could make houses more affordable for first time buyers

and if the economy tanks, then that will also help to make house prices more affordable

so maybe, all in all, Brexit is a master plan to help first time buyers

Milan.

[The_Equalizer]

on the positive side there'll be less pressure on housing which could make houses more affordable for first time buyers

and if the economy tanks, then that will also help to make house prices more affordable

so maybe, all in all, Brexit is a master plan to help first time buyers

Milan.

That's what Osborne said until he realised it worked against Remain.

[milanbenes]

That's what Osborne said until he realised it worked against Remain.

the fact is, Brexit is going to feck the property market, starting with the buy to let business

if nobody has told you that before, then you heard it here first g


basically, the majority of buy to lets are rented to foreigners, and when they all leave, and others stop coming, the buy to let market (let's call it the debt house of credit cards) will collapse

this will gradually lead to a saturation of the property market which will collapse prices

anybody planning to sell their house and downsize to fund their retirement will be screwed good and proper up the ploper

Milan.

[original PM]

the fact is, Brexit is going to feck the property market, starting with the buy to let business

if nobody has told you that before, then you heard it here first g


basically, the majority of buy to lets are rented to foreigners, and when they all leave, and others stop coming, the buy to let market (let's call it the debt house of credit cards) will collapse

this will gradually lead to a saturation of the property market which will collapse prices

anybody planning to sell their house and downsize to fund their retirement will be screwed good and proper up the ploper

Milan.

No it won't.

[The_Equalizer]

the fact is, Brexit is going to feck the property market, starting with the buy to let business

if nobody has told you that before, then you heard it here first g


basically, the majority of buy to lets are rented to foreigners, and when they all leave, and others stop coming, the buy to let market (let's call it the debt house of credit cards) will collapse

this will gradually lead to a saturation of the property market which will collapse prices

anybody planning to sell their house and downsize to fund their retirement will be screwed good and proper up the ploper

Milan.

Anyone here?

[milanbenes]

Anyone here?

more like everyone here, or anyone here, by any chance not affected

Milan.

[The_Equalizer]

more like everyone here, or anyone here, by any chance not affected

Milan.

Funding retirement solely based on a single fairly illiquid asset. Thanks, but no thanks.

[milanbenes]

Funding retirement solely based on a single fairly illiquid asset. Thanks, but no thanks.

agreed, but for sure there's gonna be a fair few folks affected

Milano.

[Eirikur]

1. Can you imagine how the economy would have grown if the UK hadn't voted for Brexit
2. Economy is doing well because brexit hasn't happened yet, it will collapse if brexit is going to be hard
3. In other EU countries growth is much much better than in the UK