Brexit

[barney]

Hi Ray....l think we are looking at worst case scenarios. Carney was probably saying what could happen not what will happen at the government meeting yesterday.

Anything COULD happen.
Do you remember Mr Osborne telling the world and his wife that house prices would tumble on the back of a vote to leave the EU.
If you can't remember, research it.
Did they tumble ?

Will they tumble when we leave?
Who knows?
One thing is for sure and that is prices are determined by supply and demand.
If demand falls, then so do prices, but by a THIRD ? Do me a favour Mr. Carney !


To quote Michelle Obama, when they go low, you go high.

Mrs May should be on national TV saying that no matter what impositions the EU wished to impose, we will not reciprocate.
If an EU national has an EU licence, you are still welcome to use it here.
If an EU national has an EU passport, you are still welcome to come on holiday with no visa.
All EU citizens who are here with jobs are very welcome to stay.
Come what may, the UK will not put up a hard border in Ireland.
If they wish to stop trains and planes, then that is their choice and they will live with the consequences, but the UK will do nothing to make it harder for people and goods to travel.

For some inexplicable reason, the EU still seems intent on 'punishing' the UK.
To what end and for who's gain?

Surely even the thickest EU zealot must realise that it's a two way street.

I was reading this morning about the decline in tourism in some Spanish resorts as a response to locals protesting about tourists.
No s*it Sherlock !
I'd never spend my money anywhere where I didn't feel welcome and obviously others feel the same.

At the end of the day, never forget the golden rule.
Whoever has the gold, makes the rules.

[Gill W]

From the 'passport' thread

Wash your mouth out with soap Chief Modplod!

'Tis true

EU will reject passports with more than ten years validity

The reports I've seen suggest that people renew older passports to make sure that the term left is not too short.

I've seen nothing, apart from John's comment, to indicate that the EU won't accept passports with a term that's too LONG.

The EU clearly accepts passports now with more than 10 years validity, so why should this change after Brexit.

This sounds like a Project Fear thing to me, so I'd be grateful if a link could be supplied to the source of this information.

Thanks

On another forum it says it's is to do with Schengen, non Schengen countries have this 10 year limit applied, we currently escape this because we are EU members, but that may be equally untrue although it seems too much of a coincidence that its happening now as no deal policy is being reviewed.

Thank you, that clarifies it in my mind

[Gill W]

From the 'passport' thread

Wash your mouth out with soap Chief Modplod!

'Tis true

EU will reject passports with more than ten years validity

The reports I've seen suggest that people renew older passports to make sure that the term left is not too short.

I've seen nothing, apart from John's comment, to indicate that the EU won't accept passports with a term that's too LONG.

The EU clearly accepts passports now with more than 10 years validity, so why should this change after Brexit.

This sounds like a Project Fear thing to me, so I'd be grateful if a link could be supplied to the source of this information.

Thanks

Here is a link about what could happen in the event of no deal.

Thank you.

As it's what COULD happen, this will have to be put down to Project Fear, that's the rules!

[Gill W]

The good news is that if house prices take a hit at least it will not effect the poorest among us, who generally don't own their own home.

https://www.thetimes.co.uk/edition/news ... -csgr9j0hj

The flip side to that Ray is that it will allow first time buyers the chance to get onto the housing ladder instead of wasting their money on rented properties.
Mortgages may increase but most will l presume take on mortgages that take this into account....fixed etc.

The problem when house prices drop, is that people who previously bought as First Time Buyers, risk getting into negative equity. Therefore, it can end up with less FTB homes on the market, so less choice for prospective FTB's. It also clogs up the rest of the housing market, because the people 'trapped' by negative equity can't trade up.

[Gill W]

The good news is that if house prices take a hit at least it will not effect the poorest among us, who generally don't own their own home.

https://www.thetimes.co.uk/edition/news ... -csgr9j0hj

The flip side to that Ray is that it will allow first time buyers the chance to get onto the housing ladder instead of wasting their money on rented properties.
Mortgages may increase but most will l presume take on mortgages that take this into account....fixed etc.

Yes Oneline that would be a definite advantage, albeit it will hit the kids inheritance a tad, but they cant blame me, being a Remoaner. Interestingly and regarding mortgages, a neihbour had a revaluation last week to remortgage, the result a valuation 20% below the current going resale price. the reason "uncertain financial market conditions"

The lender's valuation will always tend to be on the conservative side.

[Ray Scully]

Hi Ray....l think we are looking at worst case scenarios. Carney was probably saying what could happen not what will happen at the government meeting yesterday.

and if the worst case scenario comes to pass Barney? As one of our villagers said this morning "I can't think of there being any benefits from Brexit worth me losing 10% of our house's value never mind a third" Could be squeaky bum time coming up

[Onelife]

Hi Ray....l think we are looking at worst case scenarios. Carney was probably saying what could happen not what will happen at the government meeting yesterday.

and if the worst case scenario comes to pass Barney? As one of our villagers said this morning "I can't think of there being any benefits from Brexit worth me losing 10% of our house's value never mind a third" Could be squeaky bum time coming up

The housing market has been over inflated for many years so a 10%+ devaluation in house prices has been due for a long time.

[johnds]

From the BBC
Electoral Commission got Brexit law wrong over Vote Leave, court rules

Anti-Brexit campaigner and Labour peer Lord Adonis said: "It sounds to me as if the Electoral Commission has not been doing its job properly. On the face of it, it seems to have been extremely incompetent."


In his judgement, Lord Justice Leggatt said the Electoral Commission had "misinterpreted the definition of 'referendum expenses'" as defined by the Political Parties, Elections and Referendum Act.

[barney]

From what I believe john, the Leave campaign asked the Commission in advance for advice, took it and were then fined for doing what the Commission originally said was ok.
The commission have the right to appeal but I reckon they will just want to put it to bed.

So, for all those who squealed that they cheated, well, they didn't.

[Manoverboard]

Thought I'de mention how it's working out for some of the Brits presently living in France.

Those that bothered to ask have been informed that it ' may not be possible ' for them to continue to run their business(es) following a no deal Brexit / a good deal Brexit / any sort of Brexit and that the only way round it is to apply to become a French Citizen / National. So far so good except that when they apply the waiting queues and delays would potentially take them into 2020.

Vive La France, eh

[Gill W]

So, for all those who squealed that they cheated, well, they didn't.

https://www.bbc.co.uk/news/uk-politics-45519676

'The High Court agreed with the Electoral Commission finding in July that Vote Leave had broken the law, but said the watchdog had misinterpreted the rules, in the run-up to the June 2016 referendum, in advice it gave to the Leave campaign'.

They did break the law though. (that's not squealing, that's just saying).

By the way, is it ok on this forum to refer to Brexiters as 'thick Brexit zealots'?

[barney]

Yep

[Manoverboard]

So, for all those who squealed that they cheated, well, they didn't.

https://www.bbc.co.uk/news/uk-politics-45519676

'The High Court agreed with the Electoral Commission finding in July that Vote Leave had broken the law, but said the watchdog had misinterpreted the rules, in the run-up to the June 2016 referendum, in advice it gave to the Leave campaign'.

They did break the law though. (that's not squealing, that's just saying).

By the way, is it ok on this forum to refer to Brexiters as 'thick Brexit zealots'?

Seems reasonable to me but please just ignore it … it is NOT a personal insult nor will not be treated as such.

[screwy]

Only if it's ok to call Remainers Whingers

[Ray Scully]

Gill If Carney's house price scenario is enacted they will be called worse than that That is if you can find any prepared to admit to being Brexiteers

[oldbluefox]

If house prices drop you get less for your house but you pay less for your new one so it all evens out. Funny how people have moaned about house prices being too high but now it could be that house prices may drop people are still moaning - at least some are.
Happy to be a Jolly Boy Brexiteer.

[Golden Princess]

Oh Oldbluefox - if only it was that simplistic

[Ray Scully]

If house prices drop you get less for your house but you pay less for your new one so it all evens out. Funny how people have moaned about house prices being too high but now it could be that house prices may drop people are still moaning - at least some are.
Happy to be a Jolly Boy Brexiteer.

OBF please spare a thought for those who bought into the buy to let market with their pensions.

[gilly88]

If house prices drop you get less for your house but you pay less for your new one so it all evens out. Funny how people have moaned about house prices being too high but now it could be that house prices may drop people are still moaning - at least some are.
Happy to be a Jolly Boy Brexiteer.

OBF please spare a thought for those who bought into the buy to let market with their pensions.

ray....with respect you may lose some equity in the house but you will have been renting it out for the time you have had it, so will have accumulated some funds from it. also most will have put a deposit into the price which they are unlikely to lose.

[oldbluefox]

Oh Oldbluefox - if only it was that simplistic

The truth is, in any of these scenarios there are winners and losers. That's the stark realism.
Ray, if anybody has invested in buy to let property they will still be able to let their premises and take an income. The loss will come when and if they decide to sell. We returned to UK six months after property prices had surged in the late 80's. Not ideal but we just had to accept it with a forced smile.
Bear in mind this is Carney we are talking about who is not entirely reliable in his forecasts........... and not to be relied on in his promises either.

[barney]

https://inews.co.uk/news/no-deal-brexit ... f-england/

https://www.independent.co.uk/news/uk/p ... 38906.html

Call me a bit cynical, but does anyone else think that Carney has been briefed by No. 10 to promote May's Chequers deal.
Just saying !
Once upon a time, the Governor of The Bank of England was supposed to be politically neutral.

[Gill W]

Bear in mind this is Carney we are talking about who is not entirely reliable in his forecasts........... and not to be relied on in his promises either.

According to this he's also predicting £16bn boost to the economy if there's a deal

https://www.independent.co.uk/news/uk/p ... 38906.html

We can't rely on that one either!

Edited to add - It does lean towards Barney's theory of Chequers promotion

[Ray Scully]

https://inews.co.uk/news/no-deal-brexit ... f-england/

https://www.independent.co.uk/news/uk/p ... 38906.html

Call me a bit cynical, but does anyone else think that Carney has been briefed by No. 10 to promote May's Chequers deal.
Just saying !
Once upon a time, the Governor of The Bank of England was supposed to be politically neutral.

Barney cynicality? thats the name of the game, you know £350M for the NHS, Dr Fox easiest trade deal in human history et al..

[oldbluefox]

Bear in mind this is Carney we are talking about who is not entirely reliable in his forecasts........... and not to be relied on in his promises either.

According to this he's also predicting £16bn boost to the economy if there's a deal

https://www.independent.co.uk/news/uk/p ... 38906.html

We can't rely on that one either!

Edited to add - It does lean towards Barney's theory of Chequers promotion

I agree. Carney makes more U-turns than you'll get on Top Gear. As with Bliar I wouldn't believe two words he strung together.

[Ray Scully]

Come on Guys, never mind who is being cynical, duplicitous or just telling lies, just let me have the route map to the Sunny Uplands, it will make my day