We're still in the EU and unlikely to leave anytime soon with the added bonus of a huge economic shock. Incredible!!
Tag on the rise in bigotry and racism and we have a lovely cocktail.
Which PB Brexiter will break ranks and now say "sorry, I was wrong!"
There is no "economic shock". Only the pound & the share market have fallen.
The fall in the pound is good for the economy. It will lead to higher exports & more industrial activity in Britain & create more "British jobs for British workers".
The fall in shares will have zero impact on the real economy (& is also a great buying opportunity for savvy investors).
This is comedy gold!
What industrial strategy - do we even have a coherent one? People will get poorer day by day with a falling pound and you tell me this is a good for the economy.
The fall in shares does impact everyone - you ever heard of pensions?
G'live: - here’s another Labour resignation - but not one involving the frontbench. Michael Cashman, a Labour peer, is resigning as the party’s global LGBT (lesbian, gay, bisexual and transgender) envoy.
Global LGBT Envoy? - is there really such a thing...!
Even he is better than this vacuum (shudders). Good to see pound stabilising at 1.32. Maybe the news of Letwin's appointment was delayed reaching the traders.
We're still in the EU and unlikely to leave anytime soon with the added bonus of a huge economic shock. Incredible!!
Tag on the rise in bigotry and racism and we have a lovely cocktail.
Which PB Brexiter will break ranks and now say "sorry, I was wrong!"
There is no "economic shock". Only the pound & the share market have fallen.
The fall in the pound is good for the economy. It will lead to higher exports & more industrial activity in Britain & create more "British jobs for British workers".
The fall in shares will have zero impact on the real economy (& is also a great buying opportunity for savvy investors).
So speaks the official economic and finance adviser for the Leave campaign .... and it explains so much.
If you like what Brexit is doing to the pound and the stock market, wait until it gets going on house prices. That's when Boris gets strung up from a lamp-post by rampaging conservatory owners.
Actually I think that is garbage. Of course there won't be any actual negotiations as such before the Article 50 plug is pulled, but there will be bilateral talks with other EU leaders to gauge the mood, and exploratory talks between officials to define the issues and procedure. All that is necessary anyway before substantive negotiations can happen, so I really don't see what the fuss is.
I also think it's silly of our EU friends to bitch about the delay. Of course they are right that the uncertainty is damaging to both sides, but it's in their power to reduce the delay by getting their own acts together, starting now.
Well, quite Mr. Navabi. The FCO will still be hard at work, talking to foreign governments and officials in capitals all over the world. It is what they do, year in year out. Diplomacy doesn't stop, but seldom makes the headlines.
Mind you, from my experience of the FCO, I bet many seniors are having conniptions at the moment and they will need a strong hand at the top to give them direction and I am not sure that Hammond can do that in the absence of a PM. Its only been a few days so no reason for panic, but not a situation that can go on for long.
Cameron's resignation has done the Country a great disservice. Chamberlain, to whom Cameron has recently been compared, would never have behaved so selfishly.
If you like what Brexit is doing to the pound and the stock market, wait until it gets going on house prices. That's when Boris gets strung up from a lamp-post.
Yes please, at least 25% needs to come off London prices...
We're still in the EU and unlikely to leave anytime soon with the added bonus of a huge economic shock. Incredible!!
Tag on the rise in bigotry and racism and we have a lovely cocktail.
Which PB Brexiter will break ranks and now say "sorry, I was wrong!"
There is no "economic shock". Only the pound & the share market have fallen.
The fall in the pound is good for the economy. It will lead to higher exports & more industrial activity in Britain & create more "British jobs for British workers".
The fall in shares will have zero impact on the real economy (& is also a great buying opportunity for savvy investors).
This is comedy gold!
What industrial strategy - do we even have a coherent one? People will get poorer day by day with a falling pound and you tell me this is a good for the economy.
The fall in shares does impact everyone - you ever heard of pensions?
when in the last 20 years have we had an industrial strategy that wasnt outsource to somewhere overseas and borrow to pay for it ?
the reason you got a kick up the arse is people in the North, Wales and the Midlands are pissed off with Londonomics
If you like what Brexit is doing to the pound and the stock market, wait until it gets going on house prices. That's when Boris gets strung up from a lamp-post.
Yes please, at least 25% needs to come off London prices...
I agree, popping the bubble would be great. The voters, however...
Look on the bright side, Shadow Cabinet meetings should be much more focused and effective without all that dead wood. A triumvirate of three loyal comrades would be ideal.
If you like what Brexit is doing to the pound and the stock market, wait until it gets going on house prices. That's when Boris gets strung up from a lamp-post.
Yes please, at least 25% needs to come off London prices...
I agree, popping the bubble would be great. The voters, however...
given recent rises and usual lending criteria, 25% off would not cause a great panic. There a very many renters in London who would see their disposable income up significantly if rents fell accordingly.
If you like what Brexit is doing to the pound and the stock market, wait until it gets going on house prices. That's when Boris gets strung up from a lamp-post by rampaging conservatory owners.
errr isnt that good for young people ?
Us oldies are generously creating the conditions of affordable housing our wanky politicians cant deliver. All those folk with overseas pads can see the appreciation in their pension pots.
We're still in the EU and unlikely to leave anytime soon with the added bonus of a huge economic shock. Incredible!!
Tag on the rise in bigotry and racism and we have a lovely cocktail.
Which PB Brexiter will break ranks and now say "sorry, I was wrong!"
There is no "economic shock". Only the pound & the share market have fallen.
The fall in the pound is good for the economy. It will lead to higher exports & more industrial activity in Britain & create more "British jobs for British workers".
The fall in shares will have zero impact on the real economy (& is also a great buying opportunity for savvy investors).
It's worth just repeating that: "There is no "economic shock". Only the pound & the share market have fallen." What idiocy.
Corbyn's refusal to go isn't helping the UK is it. This relentless tide of 'bad news' (albeit the same news repeated over and over) can't really be giving foreign investors a good picture.
Anushka Asthana @GuardianAnushka - Corbyn source: A leadership contest is now "likely to happen" but Jeremy will stand. Claims is "no shortage" of ppl to replace shadow cab
The fall in shares does impact everyone - you ever heard of pensions?
we don't all have one
We do all have one - the state pension. Watch for the Triple Lock to be removed.
Plus the great majority of private pensions - which millions do have - are having their values cut dramatically. Lord help those who have to cash them in anytime soon.
If you like what Brexit is doing to the pound and the stock market, wait until it gets going on house prices. That's when Boris gets strung up from a lamp-post.
Yes please, at least 25% needs to come off London prices...
I agree, popping the bubble would be great. The voters, however...
Home ownership has fallen below Thatchers time, the voters will like a fall espeially in London.
Corbyn's refusal to go isn't helping the UK is it. This relentless tide of 'bad news' (albeit the same news repeated over and over) can't really be giving foreign investors a good picture.
I really don't think that the shenanigans in the Labour Party is of the slightest interest to foreign investors right now.
If you like what Brexit is doing to the pound and the stock market, wait until it gets going on house prices. That's when Boris gets strung up from a lamp-post.
Yes please, at least 25% needs to come off London prices...
I like what Brexit is doing to the pound. Keeping the pound artificially low and boosting UK manufacturing industry, a bit like the effect of the Euro on German industry. Here in the West Midlands that's a good thing - about time we rebalanced the UK economy away from financial services.
As for house prices, I recall that Osborne tried that threat for a day or so and then didn't mention it for the rest of the campaign. Funny that.
If you like what Brexit is doing to the pound and the stock market, wait until it gets going on house prices. That's when Boris gets strung up from a lamp-post.
Yes please, at least 25% needs to come off London prices...
I agree, popping the bubble would be great. The voters, however...
Not many voters among overseas hot money and BTL landlords.
Whilst the headline figure of a Yes lead is being reported look at question 2 "Should Scotland hold a second IndyRef" The majority of people say No. Only 41.9% says there should be IndyRef 2 and 44.7% say No.
The Headline figure comes from Likely to Vote weighting.
If you like what Brexit is doing to the pound and the stock market, wait until it gets going on house prices. That's when Boris gets strung up from a lamp-post by rampaging conservatory owners.
errr isnt that good for young people ?
Us oldies are generously creating the conditions of affordable housing our wanky politicians cant deliver. All those folk with overseas pads can see the appreciation in their pension pots.
Yup, I think it's a good thing. However, the reason why British policy has let housing prices get so crazy in the first place is because the people who actually vote in Britain really, really like high, ever-increasing housing prices.
Corbyn's refusal to go isn't helping the UK is it. This relentless tide of 'bad news' (albeit the same news repeated over and over) can't really be giving foreign investors a good picture.
Lol - I suppose you're right but in the greater scheme of things don't expect much of a post-Corbyn bounce.
If you like what Brexit is doing to the pound and the stock market, wait until it gets going on house prices. That's when Boris gets strung up from a lamp-post.
Yes please, at least 25% needs to come off London prices...
I like what Brexit is doing to the pound. Keeping the pound artificially low and boosting UK manufacturing industry, a bit like the effect of the Euro on German industry. Here in the West Midlands that's a good thing - about time we rebalanced the UK economy away from financial services.
As for house prices, I recall that Osborne tried that threat for a day or so and then didn't mention it for the rest of the campaign. Funny that.
Just about daring to post since the referendum. Still hurts - and my (German) wife has spoken about never feeling so unwelcome in the UK. She speaks for many.
But the people have spoken, and there can be no suggestion of overturning / ignoring the result. I'm sceptical about Tim Farron's call for the Lib Dems to take us back into the EU - and if it doesn't involve a second referendum / rely on Leave promises being broken I may well not support him.
One thought on Corbyn - if he'd put half as much effort leading the Labour party anywhere, or in the EU referendum campaign, as he has over the weekend to protect his job, he'd probably be comfortable in place. As it is, he looks like toast, even if it's dragged out into a full leadership contest.
Corbyn's refusal to go isn't helping the UK is it. This relentless tide of 'bad news' (albeit the same news repeated over and over) can't really be giving foreign investors a good picture.
I really don't think that the shenanigans in the Labour Party is of the slightest interest to foreign investors right now.
If you like what Brexit is doing to the pound and the stock market, wait until it gets going on house prices. That's when Boris gets strung up from a lamp-post.
Yes please, at least 25% needs to come off London prices...
I agree, popping the bubble would be great. The voters, however...
Not many voters among overseas hot money and BTL landlords.
BTL landlords vote. More importantly, so do other people who like watching their asset values grow as the go up the ever-inflating "housing ladder".
If you like what Brexit is doing to the pound and the stock market, wait until it gets going on house prices. That's when Boris gets strung up from a lamp-post.
Yes please, at least 25% needs to come off London prices...
I like what Brexit is doing to the pound. Keeping the pound artificially low and boosting UK manufacturing industry, a bit like the effect of the Euro on German industry. Here in the West Midlands that's a good thing - about time we rebalanced the UK economy away from financial services.
As for house prices, I recall that Osborne tried that threat for a day or so and then didn't mention it for the rest of the campaign. Funny that.
A plunging pound is not that good for manufacturing as the cost of imported raw materials goes up.
There really are no words for how much of an omnishambles the Labour Party is in at the moment. Quite possibly the worst display of party unity in either of the big two parties since... well, ever..
If you like what Brexit is doing to the pound and the stock market, wait until it gets going on house prices. That's when Boris gets strung up from a lamp-post.
Yes please, at least 25% needs to come off London prices...
I agree, popping the bubble would be great. The voters, however...
Home ownership has fallen below Thatchers time, the voters will like a fall espeially in London.
Yup - every buyer will be thrilled and the sellers even more ecstatic at taking a big loss. In post-Brexit Britain everybody is just ticketyboo.
Question - even if Corbyn does go, is there anything stopping him from standing again? This is going to end up in a bloodbath for the Labour party. Could they become extinct as an effective political party, like the Limp Dims?
''Yup - every buyer will be thrilled and the sellers even more ecstatic at taking a big loss. In post-Brexit Britain everybody is just ticketyboo. ''
Many conservatives are home owners of long standing who would be prepared to accept a 15% fall if it meant their sons, daughters and younger work colleagues had a chance to get on the property ladder sometime soon.
Question - even if Corbyn does go, is there anything stopping him from standing again? This is going to end up in a bloodbath for the Labour party. Could they become extinct as an effective political party, like the Limp Dims?
Depends if he is automatically allowed to stand because he is already Leader then he will stand but if he has to seek nominations from MP's like last time, he probably wont get enough will he?
There really are no words for how much of an omnishambles the Labour Party is in at the moment. Quite possibly the worst display of party unity in either of the big two parties since... well, ever..
If you like what Brexit is doing to the pound and the stock market, wait until it gets going on house prices. That's when Boris gets strung up from a lamp-post.
Yes please, at least 25% needs to come off London prices...
I agree, popping the bubble would be great. The voters, however...
Not many voters among overseas hot money and BTL landlords.
BTL landlords vote. More importantly, so do other people who like watching their asset values grow as the go up the ever-inflating "housing ladder".
of course they do, but for every BTL landlord there are probably 10 tenants looking at their chance to buy a roof over their head become a possiblilty.
In London their biggest threat will now be if overseas investors pile in on a devalued Sterling.
Libby Purves has a very funny and pointed piss-take of media luvvies throwing their teddies about. This is her peer group - fewer dinner party invitations after this!
There really are no words for how much of an omnishambles the Labour Party is in at the moment. Quite possibly the worst display of party unity in either of the big two parties since... well, ever..
If you like what Brexit is doing to the pound and the stock market, wait until it gets going on house prices. That's when Boris gets strung up from a lamp-post.
Yes please, at least 25% needs to come off London prices...
I like what Brexit is doing to the pound. Keeping the pound artificially low and boosting UK manufacturing industry, a bit like the effect of the Euro on German industry. Here in the West Midlands that's a good thing - about time we rebalanced the UK economy away from financial services.
As for house prices, I recall that Osborne tried that threat for a day or so and then didn't mention it for the rest of the campaign. Funny that.
A plunging pound is not that good for manufacturing as the cost of imported raw materials goes up.
Costs of fuel too.
But the largest cost element is labour, which goes down when priced in other currencies.
And for exported goods, the fuel and raw materials costs are constant expressed in the foreign currency (if that currency has held against the currency the raw materials and fuel are priced in)
House prices aren't going to fall (sadly!). We have a severe housing crisis caused by too much demand and not enough supply, plus a weak pound makes housing cheaper to buy for foreigners
Comments
What industrial strategy - do we even have a coherent one? People will get poorer day by day with a falling pound and you tell me this is a good for the economy.
The fall in shares does impact everyone - you ever heard of pensions?
Fearreality@lindayueh: IOD survey of 1,092 UK firms: quarter plan a recruitment freeze, 5% plan redundancies, 20% may move abroad #Brexit https://t.co/2lA6fK6gW9
Global LGBT Envoy? - is there really such a thing...!
Meanwhile, the Scottish labour leader is publicly calling for Corbyn to clarify whether he voted Leave last week
so that means 50% then are saying business as usual
Mind you, from my experience of the FCO, I bet many seniors are having conniptions at the moment and they will need a strong hand at the top to give them direction and I am not sure that Hammond can do that in the absence of a PM. Its only been a few days so no reason for panic, but not a situation that can go on for long.
Cameron's resignation has done the Country a great disservice. Chamberlain, to whom Cameron has recently been compared, would never have behaved so selfishly.
https://twitter.com/stephenking/status/747389278204858368
the reason you got a kick up the arse is people in the North, Wales and the Midlands are pissed off with Londonomics
It is the only logical option for Labour
Us oldies are generously creating the conditions of affordable housing our wanky politicians cant deliver. All those folk with overseas pads can see the appreciation in their pension pots.
European stock markets again taking a caning. Far, far worse than the FTSE.
"There is no "economic shock". Only the pound & the share market have fallen."
What idiocy.
hundredweight50kg bag *Heathrow announcement too.
72% of members approve of @jeremycorbyn
This coup is not just against @jeremycorbyn it's against all of us.
Plus its Chilcot next week
As for house prices, I recall that Osborne tried that threat for a day or so and then didn't mention it for the rest of the campaign. Funny that.
It should be Votey McVoteface.
Have the replacement shadow cabinet started resigning yet? After all, to lose one cabinet may be considered only a misfortune.
http://survation.com/wp-content/uploads/2016/06/Post-Brexit-Scottish-Attitudes-Poll.pdf
Whilst the headline figure of a Yes lead is being reported look at question 2 "Should Scotland hold a second IndyRef" The majority of people say No. Only 41.9% says there should be IndyRef 2 and 44.7% say No.
The Headline figure comes from Likely to Vote weighting.
But the people have spoken, and there can be no suggestion of overturning / ignoring the result. I'm sceptical about Tim Farron's call for the Lib Dems to take us back into the EU - and if it doesn't involve a second referendum / rely on Leave promises being broken I may well not support him.
One thought on Corbyn - if he'd put half as much effort leading the Labour party anywhere, or in the EU referendum campaign, as he has over the weekend to protect his job, he'd probably be comfortable in place. As it is, he looks like toast, even if it's dragged out into a full leadership contest.
Costs of fuel too.
There really are no words for how much of an omnishambles the Labour Party is in at the moment. Quite possibly the worst display of party unity in either of the big two parties since... well, ever..
Many conservatives are home owners of long standing who would be prepared to accept a 15% fall if it meant their sons, daughters and younger work colleagues had a chance to get on the property ladder sometime soon.
Who is going to be the new leader if Jezza goes?
Will the members even get a say.
I predict not.
This is not democracy.
Needs to stay at least till Chilcot
How will the country manage ?
In London their biggest threat will now be if overseas investors pile in on a devalued Sterling.
http://www.thetimes.co.uk/edition/comment/hysterical-lefties-really-need-to-grow-up-0c80qbnlv
Never been a better time for discussions about AV.
And for exported goods, the fuel and raw materials costs are constant expressed in the foreign currency (if that currency has held against the currency the raw materials and fuel are priced in)