Will the cost of property in the UK drop with Brexit?
Will the cost of property in the UK drop with Brexit?
hope so. UK will surely become a tax haven
London will lose its position as the financial capital of the world and will lose its attractiveness as an investment as a result.
Outside of London probably not.
So monthly rent will drop from 20k to 12k
fuck recaptcha
The financial capital is what's propping the UK's expenditures up.
UK very much a sellers' market right now. Is now a good time to start a property portfolio? Wanna retire young on rental income
Well Corbyn will probably cease your house if he deems it too big
Oh god, if Johnson fucks up Brexit negotiations (he definitely will, we're leaving with a No Deal) then the Tories will lose the next election and we'll have Corbyn.
The economic contraction of Brexit + Corbyn will be the death of the UK. How hard is it to get sponsorship for a job abroad?
I dunno, I guess it depends on what you do. Something i will consider in that situation.
>London will lose its position as the financial capital of the world
hahahahahaha not a fucking chance in hell
>London will lose its position as the financial capital of the world
people genuinely think the UK didnt exist before 1975 lol
Try to do business in UK
Try to do business everywhere in EU
Then slap yourself
What benefit is there to being in London after a No Deal Brexit? There are no tax breaks for access to the EU market if you're headquartered outside of the EU.
>The global economy has not changed in any way since 1975 lol
I am expecting a ScotExit reterendum.
Will it happen lads ?
Northern Ireland and Scotland both voted overwhelmingly in favour of remaining in the EU. The border issue in Ireland in particular will prove insurmountable. Both will leave the UK and leave England and Wales as a rump state.
100%
Cameron is the worst prime minister we ever had, worse that Thatcher or Blair even.
Talk about lighting the match and then running away! Fucking idiot
weak pound is good for investment, so is low interest rates and so is an inevitable drop in corporation tax. UK will become a tax haven and spur growth and give incentive to move.
Assuming Boris remains PM and Corbyn doesn't win the next GE. Which will probably happen after Brexit day like Boris promised.
Yep we will
tories are only gaining more in the polls, they'll get majority in next ge imo
fuck I hope they get out with no deal.
The titanic of the EU will be escaped.
Hard Borders means all non white can be kicked out
PC KULTURE dead
RULE FUCKING BRITANNIA
I don't mind if the economy tanks. IT all fake money anyway.
you have strong common law courts where gov cannot just take your stuff.
Business can sue gov and win
Not so much anywhere is thuglife europe.
No Deal is not a destination it is economic purgatory. The EU is the UK's largest trading partner and the government, when faced with the realisation of the economic wilderness they are in, will be under enormous pressure to arrange a deal with the EU except this time the UK is negotiating as a desperate outsider with no leverage and as such, the EU are free to dictate whatever terms they want.
You forget the EU needs us as well
no.
tories are a "do nothing" govt. and as population and immigration rises following brexit, housing stock will not increase and demand will spike, further increasing property costs.
and if brexit ever reaches the stage of being any sort predicable foreign investment will spike, pumping property again.
everything but property is going to be fucked however
Dumb Reddit rhetoric has no place here. UK buys more than it sells to the EU and that's better to adjust for as it's far easier to find buyers than someone who wants to buy from you. Yes there will be disruption to the supply chains, yes you'll see consumer goods increase in price but that'll only be short/medium term.
See:
The UK will become a tax haven that will lower its dependence on the EU and gradually build more of its infrastructure to deal on its own terms. Eg UKUSA FTA now on the table.
I'd actually welcome it desu. England/Wales would have permanent right wing government and significantly higher GDP per head than NI & Scotland if they did leave the union, both of which would be basket cases economically.
>I don't mind if the economy tanks. IT all fake money anyway.
Exactly. Everyone and his dog has got a house and new car on credit. The country is drunk on cheap debt, and it's doing us harm.
London hasn't been the financial capital of the world since 1917
British tourists have successfully poisoned your image abroad to the point where the likes of Australia, NZ, Canada etc. would actually prefer to just hire yanks if they're gonna hire foreigners.
Gott strafe England
Well, at least for FOREX it is:
'London is the largest and most important forex trading session in the world, with roughly a 34% market share of the daily forex volume. Most of the world's largest banks keep their dealing desks in London because of the market share.'
Utter bollocks
The UK is far less important to the EU than the reverse. Trading Blocs hold all the power when negotiating with individual states, that's literally the reason why they exist.
No deal hands control of the next phase of the process to the 27. They will dictate the precise legal framework of the economic relationship in which we will have to operate without any input.
Look at Switzerland, a country with far closer ties to the EU than a post-Brexit Britain. The are about to agree to massively asymmetrical legal provisions with the EU following another cycle of multi-year negotiations on their most comprehensive package of economic and juridical relationships ever with the EU because it has no negotiable alternative.
"They need us too" is the same logic that left Greece with 3 terrible bailout deals
There are more American banks in London than in New York
What an odd endorsement of abolishing the entire EU.
The US will do exactly the same in its proposed trade deal with the UK. It is nothing more than a modern day Marshall Plan; economic imperialism to exploit the UK whilst it is on its knees
You've been reading too much EU propaganda, and are a few days behind. Look at what's happening to the rhetoric - it used to be all 'zeees eeez zur ownlee deurrl' from Barnier et al, and now it's changed towards 'well purraps zerr can be zum flexibility'. Pretty strong indicator EU are starting to brown trou, if you ask me.
The EU are basically facing severe economic problems even without a no deal. UK is in a position to pull the plug on them, effectively.
Leaving the EU still won't get rid of the millions of niggers, pakis, and godknowswhat that reside in this country
But you forget, there are other nations to trade with also. And none of them actively want to knacker the UK (apart from the terminally butthurt EU) because what would be the point of destroying the market you are trying to sell to? If they destroy the economy and leach all the wealth, they'll have no juicy consumer market...
Any changes will be superficial at best. The key issues such as the backstop will remain. The EU has no reason to renegotiate, it has everything it wants from the current deal and No Deal gives it even more bargaining power going forward.
The EU has moved on to far more pressing issues; Trump, China, Putin, multilateral governance, migration. None of which are the UK a pivotal ally in addressing.
Johnson is better connected in the House of Commons than May ever was and that is the only thing that will increase the likelihood of a deal. The deal itself will remain unchanged.
The EU does not want to humiliate or punish Britain it will simply do what we would do in the same position; legislate in its own best interests to provide a high degree of continuity where it needs it.
>But you forget, there are other nations to trade with also.
Trade deals can take decades to negotiate. Negotiations for CETA (Canada and EU trade deal) began in 2004 and has only been provisionally accepted as of now.
Kalergi plan you dumb fuck. That's what the EU wants.
Stop reading newspapers and thinking you're smart.
stop parroting 80 year old conspiracy theories from pol and thinking you're smart
Brexit worst case scenario is already priced into UK markets, real estate will fall throughout the world due to global credit squeeze and banks looking terrible and political pressure could get in the way of another round of bail-outs and its likely their will be bail-ins instead. That and negative rates = there is a chance you'll be paying for banking (not really because we'll all switch over to crypto the pozzed centralized ones made by tech companies like libra and the real ones like what we have now). But as for the UK I doubt our prices will fall as much as they should unless we somehow elect someone who is strictly anti-migration (82% of UK's pop growth in last 20 years has been the result of migration and their children). Regardless I welcome a fall as do many, being a landlord is for plebs when there are REITs. As for a post-brexit Britain of course they have delayed it so its just in time for the world financial crisis 2 electric boogaloo but had that not been the case you'd have good reasons to be bullish on the UK, with a weak sterling and freedom from EU derived regs/legislation and the right vision we could make this nation an amazing place to do business especially so if there was a lever on migration (some form of quota based system). There will also be niches left in our markets due to european based multinationals having to compete with globals and domestic supply chains, every scare story you hear about X being missing because of brexit - thats a domestic supply chain waiting to happen and where thats not cost effective foreign non-EU multinationals will fill it. Ultimately there is a high chance the EU project will balkanize when the lesser member states all enter recession and beg to the ECB for preferential treatment in fresh EUR loans, they'll be tripping up over themselves giving up even more autonomy for loans and the result will be massive inflation of the euro likely resulting in a collapse of the bloc.
ahahahahahahahahaah
Ooooh it's a theory about a conspiracy. Must be false. Let me read Rothschild owned (((The Economist))) to see what's going on in the Rothschild controlled Fiat system.
>"Ow can oi be a racist? Oi put a foiver on Ngubu scoring the most goals in the footy last noite, oi love 'im loike he was me own son oi do, proper Norfern lad 'e is!"
Do you really care about GDP when England is only a few decades away from being minority White?
Btw, both Scotland and NI have higher GDPs per capita than England (NI significantly moreso).
Everywhere will be minority white dikead
The afrikanns are coming
Congrats on missing the point.
Guaranteed that you're an angry, insecure ethnic man.