The 'I told you so' EU referendum - Officially the Worst Thread Ever

[nut flush gooner]

1st jan 2010 £ 1 .00 = 1.12 euro.
today £1 .00 = 1.19 euro.
Still not good ,but with the right sort of political statements instead of the continual back biting misinformation it should continue to get better.

xtop.com/en/historical-exchange-rates.php?A=1&C1=GBP&C2=EUR&DD1=01&MM1=06&YYYY1=1985&B=1&P=&I=1&DD2=01&MM2=09&YYYY2=2016&btnOK=Go!

It's a bit disingenious to compare the exchange rate between the pound/euro from 2010 and 2016. In that time our economy has powered ahead whilst Europe has struggled with the PIGS major structural deficits, especially Greece who have been bailed out several times. Last year the exchange rate was above 1.40, it's fallen over 20% In the last 12 months. An away European trip with Arsenal will be significantly more expensive this season than last.

[nut flush gooner]

A surge in investment and manufacturing in the U.K. since the referendum. Somebody should drag George Osborne in front of the T.V. cameras to justify the scare tactics he employed up to the vote.
Oh, and the Pound is soaring.

It's been 2 months since the referendum, the impact of brexit either way has yet to be proven. We wont even enact article 50 until next year, it's only then that the effect on UK jobs will start to be felt when companies decide to hire or fire over the next few years.

With regards to the exchange rate it's not soared at all, it's still around the levels it was just after the referendum result came out. We know Brexit has brought the housing market to a halt though, prices where rising significantly earlier this year now they are stagnant in part due to the referendum.

[A11M11]

A surge in investment and manufacturing in the U.K. since the referendum. Somebody should drag George Osborne in front of the T.V. cameras to justify the scare tactics he employed up to the vote.
Oh, and the Pound is soaring.

Are you mad? Give some evidence. The pound is its lowest levels since the mid 80s and is only a whisker awy from its lowest level of all time.

Sorry , it was relating to the above , however as I said still not good , I was in Spain a couple of days before the referendum and got 1.23 , this morning it's at 1.19 .

[northbank123]

"Stagnant" house prices are not necessarily bad though. Tumbling house prices would obviously cause some people problems with negative equity and where people have relied on the value of their house for wealth in retirement. But equally constantly rising house prices (which are already at a ludicrous level in many parts of the country) aren't particularly desirable or sustainable.

[Herd]

It's been 2 months since the referendum, the impact of brexit either way has yet to be proven. We wont even enact article 50 until next year, it's only then that the effect on UK jobs will start to be felt when companies decide to hire or fire over the next few years.

With regards to the exchange rate it's not soared at all, it's still around the levels it was just after the referendum result came out. We know Brexit has brought the housing market to a halt though, prices where rising significantly earlier this year now they are stagnant in part due to the referendum.

The pound is now at $1.33 Versus the Dollar ,the Euro will fall into line in the next few months . There is no impact on Brexit because nothing has happened since the referendum but the government is workling hand in hand with our EU colleagues to scare us into regretting the Vote and eventually unwinding the whole thing !

Fuck the housing market its doing the majority no good at all , I would love a massive crash in house values it would to the economy no end of good.

[the playing mantis]

why do people keep banging on about housing prices? the same people would be complaining they are going up unsustainably and if they are indeed stagnant then in normal time these people would be saying that's a good thing, but as it's after brexit it's a bad thing!

housing prices were/are ridiculous so it's good news for lots of people that they are coming down. those who have been a bit silly and relied on their house as a pension for when they retire (which has always been said as risky and foolish due to the housing bubble and the need to have a diverse pension/retirement plan) will unfortunately be impacted to an extent (but thats what you get when you put all your eggs in one basket)but then prices haven't plunged and won't plunge. they will hopefully drop somewhat so the hordes of people stuck off the ladder actually have a chance to become homeowners.

[Rugby Gooner]

A surge in investment and manufacturing in the U.K. since the referendum. Somebody should drag George Osborne in front of the T.V. cameras to justify the scare tactics he employed up to the vote.
Oh, and the Pound is soaring.

Are you mad? Give some evidence. The pound is its lowest levels since the mid 80s and is only a whisker awy from its lowest level of all time.

Sorry , it was relating to the above , however as I said still not good , I was in Spain a couple of days before the referendum and got 1.23 , this morning it's at 1.19 .

Ok,maybe "soaring" was an overstatement,(I was quoting Sky News.....stupid I know), but the pound IS rising.
Also the economy is on the upturn,and not in the chaotic meltdown that the Remainers promised.

[DB10GOONER]

A surge in investment and manufacturing in the U.K. since the referendum. Somebody should drag George Osborne in front of the T.V. cameras to justify the scare tactics he employed up to the vote.
Oh, and the Pound is soaring.

Are you mad? Give some evidence. The pound is its lowest levels since the mid 80s and is only a whisker awy from its lowest level of all time.

Sorry , it was relating to the above , however as I said still not good , I was in Spain a couple of days before the referendum and got 1.23 , this morning it's at 1.19 .

Ok,maybe "soaring" was an overstatement,(I was quoting Sky News.....stupid I know), but the pound IS rising.
Also the economy is on the upturn,and not in the chaotic meltdown that the Remainers promised.

You mean... you mean the world isn't going to end because of Brexit...?

[flash gunner]

The whole Apple Ireland stuff proves why we are best out of the EU......

Im a lefty and think these big companies should pay the correct tax but the EU have ruled the money has to be paid and the Irish say they dont want it now Apple threatening to leave Ireland over it!!! ........ What utter ****, anyone in the EU do not have control over their own future

[DB10GOONER]

The whole Apple Ireland stuff proves why we are best out of the EU......

Im a lefty and think these big companies should pay the correct tax but the EU have ruled the money has to be paid and the Irish say they dont want it now Apple threatening to leave Ireland over it!!! ........ What utter ****, anyone in the EU do not have control over their own future

Hilariously, if our spineless (PR-elected, remember) cúnts in government told Apple to fuck off or pay up, the cost to the exchequer would be less if they fucked off and put every one of those Oirish Apple employees on the dole, compared to the billions we are losing in taxes here alone.

Yes, I am being a tad facetious.

[nut flush gooner]

why do people keep banging on about housing prices? the same people would be complaining they are going up unsustainably and if they are indeed stagnant then in normal time these people would be saying that's a good thing, but as it's after brexit it's a bad thing!

housing prices were/are ridiculous so it's good news for lots of people that they are coming down. those who have been a bit silly and relied on their house as a pension for when they retire (which has always been said as risky and foolish due to the housing bubble and the need to have a diverse pension/retirement plan) will unfortunately be impacted to an extent (but thats what you get when you put all your eggs in one basket)but then prices haven't plunged and won't plunge. they will hopefully drop somewhat so the hordes of people stuck off the ladder actually have a chance to become homeowners.

Falling house prices are disastrous for the Economy, I thought it was pretty obvious why but let me explain.

When house prices fall, existing homeowners have less equity in their houses, which if the prices fall far enough leaves people in negative equity. If you have negative equity you are effectively a prisoner in your own home. When it comes to remortgaging you will not be in a position to access the lowest rates, which in turn means your mortgage payments will go up because you have not choice but to jump on your lenders standard variable rate. leaving you/your family with a lower disposable income.

Lower disposable incomes across the board equals less money to spend in the economy. This is like a self fulfilling prophecy, not only that because people are not looking to move up to the next rung of the housing ladder they are also not spending money on big ticket items. It's all about confidence as much as anything else.

Also if house prices are falling, it is natural human reaction not to jump on the ladder for the fear of further house price falls, and because the confidence in the economy at this stage has gone, people do not think their jobs are secure enough to justify the risk of taking on a mortgage. The prospect that their deposit could also be wiped out, leaving them in negative equity is not a very appealing scenario

With regards to property and pensions, most people do have pensions and the government has made workplace pensions compulsory anyway. Anyone who says their property is their pension is pretty retarded anyway in my opinion.

In a nutshell a stable housing market in the UK = stability in the economy. We shouldn't be doing things to put this at jeopardy. Brexit potentially could wreck our housing market.

[nut flush gooner]

The whole Apple Ireland stuff proves why we are best out of the EU......

Im a lefty and think these big companies should pay the correct tax but the EU have ruled the money has to be paid and the Irish say they dont want it now Apple threatening to leave Ireland over it!!! ........ What utter ****, anyone in the EU do not have control over their own future

Hilariously, if our spineless (PR-elected, remember) cúnts in government told Apple to fuck off or pay up, the cost to the exchequer would be less if they fucked off and put every one of those Oirish Apple employees on the dole, compared to the billions we are losing in taxes here alone.

Yes, I am being a tad facetious.

Is it really, now you will be surprised to hear that I am a massive euro sceptic on these sorts of things. The Europeans should stay out of this issue, it is a matter for the Irish Government to decide the correct course of action.

There is no doubt that your accommodating corporate tax regime has brought your country out of a nasty recession, (much worse than we had here in the UK). As I understand the property market totally collapsed in Ireland after the financial crisis, so you will no doubt understand what I am trying to say in my other post.

[GoonerMuzz]

why do people keep banging on about housing prices? the same people would be complaining they are going up unsustainably and if they are indeed stagnant then in normal time these people would be saying that's a good thing, but as it's after brexit it's a bad thing!

housing prices were/are ridiculous so it's good news for lots of people that they are coming down. those who have been a bit silly and relied on their house as a pension for when they retire (which has always been said as risky and foolish due to the housing bubble and the need to have a diverse pension/retirement plan) will unfortunately be impacted to an extent (but thats what you get when you put all your eggs in one basket)but then prices haven't plunged and won't plunge. they will hopefully drop somewhat so the hordes of people stuck off the ladder actually have a chance to become homeowners.

Falling house prices are disastrous for the Economy, I thought it was pretty obvious why but let me explain.

When house prices fall, existing homeowners have less equity in their houses, which if the prices fall far enough leaves people in negative equity. If you have negative equity you are effectively a prisoner in your own home. When it comes to remortgaging you will not be in a position to access the lowest rates, which in turn means your mortgage payments will go up because you have not choice but to jump on your lenders standard variable rate. leaving you/your family with a lower disposable income.

Lower disposable incomes across the board equals less money to spend in the economy. This is like a self fulfilling prophecy, not only that because people are not looking to move up to the next rung of the housing ladder they are also not spending money on big ticket items. It's all about confidence as much as anything else.

Also if house prices are falling, it is natural human reaction not to jump on the ladder for the fear of further house price falls, and because the confidence in the economy at this stage has gone, people do not think their jobs are secure enough to justify the risk of taking on a mortgage. The prospect that their deposit could also be wiped out, leaving them in negative equity is not a very appealing scenario

With regards to property and pensions, most people do have pensions and the government has made workplace pensions compulsory anyway. Anyone who says their property is their pension is pretty retarded anyway in my opinion.

In a nutshell a stable housing market in the UK = stability in the economy. We shouldn't be doing things to put this at jeopardy. Brexit potentially could wreck our housing market.

But it is perfectly acceptable for millions of people to be unable to afford their own home and be held to ransom by unscrupulous landlords and estate agents by having to pay massively over inflated rental prices instead


On a side note it's nice to see that when something negative is announced it's because of Brexit fears but when it is positive news the remainers spin it as nothing to do with Brexit

By the way for those remainers whose only concerns seem to be economic you might want to start paying more attention to all the tensions across the EU about all the other issues out there, not everyone's life centres around the economy, investments and housing prices

[nut flush gooner]

why do people keep banging on about housing prices? the same people would be complaining they are going up unsustainably and if they are indeed stagnant then in normal time these people would be saying that's a good thing, but as it's after brexit it's a bad thing!

housing prices were/are ridiculous so it's good news for lots of people that they are coming down. those who have been a bit silly and relied on their house as a pension for when they retire (which has always been said as risky and foolish due to the housing bubble and the need to have a diverse pension/retirement plan) will unfortunately be impacted to an extent (but thats what you get when you put all your eggs in one basket)but then prices haven't plunged and won't plunge. they will hopefully drop somewhat so the hordes of people stuck off the ladder actually have a chance to become homeowners.

Falling house prices are disastrous for the Economy, I thought it was pretty obvious why but let me explain.

When house prices fall, existing homeowners have less equity in their houses, which if the prices fall far enough leaves people in negative equity. If you have negative equity you are effectively a prisoner in your own home. When it comes to remortgaging you will not be in a position to access the lowest rates, which in turn means your mortgage payments will go up because you have not choice but to jump on your lenders standard variable rate. leaving you/your family with a lower disposable income.

Lower disposable incomes across the board equals less money to spend in the economy. This is like a self fulfilling prophecy, not only that because people are not looking to move up to the next rung of the housing ladder they are also not spending money on big ticket items. It's all about confidence as much as anything else.

Also if house prices are falling, it is natural human reaction not to jump on the ladder for the fear of further house price falls, and because the confidence in the economy at this stage has gone, people do not think their jobs are secure enough to justify the risk of taking on a mortgage. The prospect that their deposit could also be wiped out, leaving them in negative equity is not a very appealing scenario

With regards to property and pensions, most people do have pensions and the government has made workplace pensions compulsory anyway. Anyone who says their property is their pension is pretty retarded anyway in my opinion.

In a nutshell a stable housing market in the UK = stability in the economy. We shouldn't be doing things to put this at jeopardy. Brexit potentially could wreck our housing market.

But it is perfectly acceptable for millions of people to be unable to afford their own home and be held to ransom by unscrupulous landlords and estate agents by having to pay massively over inflated rental prices instead


On a side note it's nice to see that when something negative is announced it's because of Brexit fears but when it is positive news the remainers spin it as nothing to do with Brexit

By the way for those remainers whose only concerns seem to be economic you might want to start paying more attention to all the tensions across the EU about all the other issues out there, not everyone's life centres around the economy, investments and housing prices

Whether it is acceptable is another discussion, but the facts are falling house prices are no good for anyone be it existing homeowners or first time buyers.

The rents/house prices in this country are a consequence of successive governments both Labour and Conservative not building enough homes.

What exact tensions are there in Europe? It is only the extremists (terrorists and far right) that seem to be stoking up this tension which make the front pages of the Daily Mail. Britain in the large especially in the South has an integrated society, when a terrorist kills someone they don't discriminate a lot of the people who where killed in 7/7 are of an ethnic background even Muslim.

It always comes down to race this debate, if people want us to return to a civilisation that fought each other on the grounds of race in the past just carry on we will get there eventually. By the way there is absolutely nothing wrong with having aspirations, and if you work hard to reach your goals you should be applauded not slaughtered as always seems the culture in this country.

[A11M11]

The need for house building relates to the number of people that need to be housed. The latest figures on the population increase suggests that 49% of the predicted increase will come from later deaths and births, the rest from people coming in to the country. As we have discussed earlier with the decline of our employment base outside the big cities many places are finding their population expanding at a much faster rate than the local services can cope with. This does bring us to immigration but not necessarily from a racist point of view , just common sense.
Their is a split in opinion from various parts of the population . The older generation definitely see things differently to the young. I blame Thatcher and her "You can have society ". The baby boomers were bought up to realise that if you could not afford something then you didn't buy it . Subsequently the flexible friend turned out to be flexible but nobodies friend as excess credit took it's hold.. I said right at the beginning of this thread that immigration is not the big bogeyman that people make it to be. There is no problem with people coming here providing that they bring something with them that is useful.