Reply to: How would a Brexit affect the mortgage market?

[NigelJK]

Many of my clients (past, actual and potential) are in the EU as well as the UK.
But of course if you have no cross-national demand for your skills you might take that approach.
In which case I would question the value of your skill set rather than assume everyone is in the same (sinking) boat as you

Well that's your prerogative, and if you spend as much time being prejudice about the EU question then I suspect the Ladies not for turning, I speak as some one who has spent a few years in Frankfurt (when the Euro was introduced, working through a Sark ltd co) and in Belgium for a couple of years (working through my ltd co) and for a Swedish company working remotely (via my ltd co). In none of these cases was being (or not) a member of the EU of any significance.

[sasguru]

Longer term we are doomed if we carry on as we are, halfway in, huge trade gap, huge deficit, no plan beyond selling BTLs to the Chinese and companies to the French and Germans.

I think the trade gap and deficit will rise with Brexit, because the pound will be priced lower (as the markets have indicated in the past weeks) and hence imports will be more expensive.
Of course if Euro tariffs are added it will be even worse.
One interesting effect that has occurred in Norway and Switzerland is the price of food is very high - no Euro subsidies for agriculture. And the UK is far from self-sufficient in food.

[Lightwave]

Virgin Money chief executive Jayne-Anne Gadhia says a Brexit could cause UK job losses and eventually cause mortgage rate increases.

Bollox. Brexit would cause GBP to tank. Increasing our competitiveness.

And there would be cheaper houses.

Might cause those foreigners who own BTLs to try to get out before the GBP tanks too much further?

A low GBP might increase our competitiveness at exporting whatever we can, but it will make importing your next BMW harder.
Volatile GBP helps very few.

I think all this is short term.
Longer term we are doomed if we carry on as we are, halfway in, huge trade gap, huge deficit, no plan beyond selling BTLs to the Chinese and companies to the French and Germans.

[sasguru]

Small but significant point, a majority of the Net contributors (of which there are very few) want to leave.

You seem to have a problem with English comprehension. Your own link says that 2/3 of Germans who are by far the biggest net contributor are happy with the Euro. Something confirmed by my recent travels there.

[sasguru]

For most the the people here inclusion in the EU has no tangible benefits ...

Many of my clients (past, actual and potential) are in the EU as well as the UK.
But of course if you have no cross-national demand for your skills you might take that approach.
In which case I would question the value of your skill set rather than assume everyone is in the same (sinking) boat as you

[NigelJK]

Apologies BP, had to dumb it down as the remaniacs seem to think that what they have to say is more important (more so if shouted) and sod the facts. For most the the people here inclusion in the EU has no tangible benefits and
plenty of issues, but few seems to realise its about the economy stupid.

[BrilloPad]

Lets try again. Of those that pay MORE money into the EU than they take (Net Contributors) more want out. It's hardly surprising that those that get paid to be members want to stay is it?

I hope people see beyond the EU contributions. And look at how well the economy can perform in and out. And ask how much freedom of sovereignty is worth.

[NigelJK]

Lets try again. Of those that pay MORE money into the EU than they take (Net Contributors) more want out. It's hardly surprising that those that get paid to be members want to stay is it?

[sasguru]

so a third are unhappy enough to want to leave the Euro. Sounds great after many years they have been in the Euro it must be making their life easier and everything.



Sasguru however only scored as two thirds obnoxious.


oh dear.

So you're complaining that two times as many people like it as dislike it.
And this is while its going through a crisis.
Sounds Ok to me.
Oh dear is right. Must be difficult for you to go through life in a continuous fog of misunderstanding, ignorance and poor judgement
No wonder you were bobbed.

[vetran]

I don't know about you Nige but I know Vetran (sic) struggled in school. So here it is:

From the link:

"As research by ComRes for New Direction Foundation across nine European countries shows, significant minorities would like to return to domestic currencies, although the majority of people in major Eurozone countries would like to retain the euro.

While the German Finance Minister, Wolfgang Schäuble, has been doling out the conditions to Greece about what it will have to do to stay in the euro, one in three people from his own country want to return to the Deutschmark. The same proportion of Italians and French would like to see a return to Lira and the Franc
[so two-thirds want to keep the Euro - just thought I'd add that since Vetran probably can't subtract 1/3 from 1]

Consolation for the Greeks is that France is currently the only country where people are most likely to think that the EU’s borders should shrink and most of the other large Eurozone countries, such as Germany, Poland and Sweden, tend to be in favour of keeping the current EU model. Italy wants to move in the opposite direction, with nearly half of the public there (45%) in favour of the continent being more like a single country: a United States of Europe."

so a third are unhappy enough to want to leave the Euro. Sounds great after many years they have been in the Euro it must be making their life easier and everything.



Sasguru however only scored as two thirds obnoxious.


oh dear.

[sasguru]

The Majority want to stay in suggests some countries other than the UK want to leave the Nirvana that is the EU. Something that is quite obviously unthinkable.
The fact you have to 'reassure us' smells of desperation.

OK explained it slowly for you now.

Small but significant point, a majority of the Net contributors (of which there are very few) want to leave.

I don't know about you Nige but I know Vetran (sic) struggled in school. So here it is:

From the link:

"As research by ComRes for New Direction Foundation across nine European countries shows, significant minorities would like to return to domestic currencies, although the majority of people in major Eurozone countries would like to retain the euro.

While the German Finance Minister, Wolfgang Schäuble, has been doling out the conditions to Greece about what it will have to do to stay in the euro, one in three people from his own country want to return to the Deutschmark. The same proportion of Italians and French would like to see a return to Lira and the Franc
[so two-thirds want to keep the Euro - just thought I'd add that since Vetran probably can't subtract 1/3 from 1]

Consolation for the Greeks is that France is currently the only country where people are most likely to think that the EU’s borders should shrink and most of the other large Eurozone countries, such as Germany, Poland and Sweden, tend to be in favour of keeping the current EU model. Italy wants to move in the opposite direction, with nearly half of the public there (45%) in favour of the continent being more like a single country: a United States of Europe."

[NigelJK]

As your own link points out the majority want to stay in

Small but significant point, a majority of the Net contributors (of which there are very few) want to leave.

[vetran]

Just a bit of an unfortunate fact.
Or are you disagreeing that his link does in fact point to that fact?
You thickos surprise me with just how thick you really are.

The Majority want to stay in suggests some countries other than the UK want to leave the Nirvana that is the EU. Something that is quite obviously unthinkable.
The fact you have to 'reassure us' smells of desperation.

OK explained it slowly for you now.

[sasguru]

ah the whiff of desperation.

Just a bit of an unfortunate fact.
Or are you disagreeing that his link does in fact point to that fact?
You thickos surprise me with just how thick you really are.

[vetran]

As your own link points out the majority want to stay in

ah the whiff of desperation.