The Collapse Of The Pound And The Effect On The El

[SCB]

Great all those people who bought a house in 1980s Britain have made money. Brilliant. Now ask those who bought a house in 2000's Ireland, Spain or the USA how that worked for them! Or even Italy. 80% of homes in the UK these days are bought by investors and 85% are bought with interest only mortgages. Now the tax breaks have been removed for BTL investors and they start to lose money and have to sell up who do you think is going to buy from them? Owner occupiers cannot afford to buy. House prices are going to tumble in the next 18 months, regardless of brexit. When that happens I'll be a cash buyer and will be laughing. Or alternatively I've massively mis-judged things in terms of house prices and they'll continue to go up but unless they go up 30% in the next 18 months I'm still better off having not bought a house because I've invested that money elsewhere and done better for it.

[iris123]

So every country outside the EU is on the slippery slope to collapse? Sorry to go off topic but we prospered before the EU and we will prosper after it

 

 

Sorry to burst your bubble but the UK was a basket case before they joined the EU.Pretty much begged to get in and were turned down by Charles de Gaulle on a couple of ocassions i think

 

 

 

 

Don't agree, look at this hostoric GDP graph.. we were growing even back then. Infact, Thatcher actually made it worse! Hopefully the link works let me know if it doesn't

 

http://cdn.tradingeconomics.com/charts/united-kingdom-gdp.png?s=wgdpuk&v=201610011542o&d1=19160101&d2=20161231

 

 

Where on earth did you dig up this nonsensical quote? Absolute rubbish but obviously nothing personal.

 

 

 

 

This is the history of our economy leading up to us pretty much begging to get in and yes de Gaulle did veto our membership twice.Was only when Pompidou came along was he more friendly towards us

 

 

As these factors coalesced during the 1960s, the slogan used by Prime Minister Harold Macmillan "(most of) our people have never had it so good" seemed increasingly hollow. The Conservative Government presided over a ‘stop-go’ economy as it tried to prevent inflation spiralling out of control without snuffing out economic growth. Growth continued to struggle, at about only half the rate of that of Germany or France at the same time. However, industry had remained strong in nearly 20 years following the end of the war, and extensive housebuilding and construction of new commercial developments and public buildings also helped unemployment stay low throughout this time.

The Labour Party under Harold Wilson from 1964–1970 was unable to provide a solution either, and eventually was forced to devalue the Pound again in 1967. Economist Nicholas Crafts attributes Britain's relatively low growth in this period to a combination of a lack of competition in some sectors of the economy, especially in the nationalised industries; poor industrial relations and insufficient vocational training. He writes that this was a period of government failure caused by poor understanding of economic theory, short-termism and a failure to confront interest groups.^[2]

Both political parties had come to the conclusion that Britain needed to enter the European Economic Community (EEC) in order to revive its economy. This decision came after establishing a European Free Trade Association (EFTA) with other, non EEC countries since this provided little economic stimulus to Britain’s economy. Levels of trade with the Commonwealth halved in the period 1945–1965 to around 25% while trade with the EEC had doubled during the same period. Charles de Gaullevetoed a British attempt at membership in 1963 and again in 1967.

The general election in June 1970 saw the Conservatives, now led by Edward Heath, achieve a surprise return to government after the opinion polls had suggested a third successive Labour victory. Unemployment was still low by this stage, standing at 3% nationally.

However, with the decline of Britain’s economy during the 1960s, the trade unions began to strike, leading to a complete breakdown with both the Labour Government of Harold Wilson and later with the Conservative Government of Edward Heath (1970–1974). In the early 1970s, the British economy suffered more as strike action by trade unions, plus the effects of the 1973 oil crisis, led to a three-day week in 1973-74. However, despite a brief period of calm negotiated by the recently re-elected Labour Government of 1974 known as the Social Contract, a breakdown with the unions occurred again in 1978, leading to the Winter of Discontent, and eventually leading to the end of the Labour Government, then being led by James Callaghan, who had succeeded Wilson in 1976. The extreme industrial strife along with rising inflation and unemployment led Britain to be nicknamed as the "sick man of Europe"..

Edited October 13, 2016 by iris123

[E I Addio]

Euro fanatics admits needs reform,hey we have only been waiting about 20 years for that to happen. EU.

That really seems to be the nub of the issue in many peoples minds. So much of it is in desperate need of reform but the vested interests and those on the gravy train have set their faces like flint against any sort of change that encroaches on their personal status and influence.

 

They are so dumb and out of touch that they could not they could not see that even a few minor concessions woukd have almost certainly been enough to swing the referendum in favour of the remainers.

 

Instead of blaming the fishwives of Hartlepool the anger of the remainers should be aimed at the elite of Brussels and Strasbourg

. This 'sod fellow human-beings' approach; encouraged by tories and UKIP.

What ever happened to humanity?

Would that include the Tories led by Blair and Brown ? You remember, the ones who had hedge fund managers paying less tax than their office cleaners. The onee that were quite happy to send expendable soldiers to their deaths in Iraq for want of spending enough money on protective equipment. The ones that tried to cover holes in the economy by selling off the gold at rock bottom prices. The one that promised British jobs for British workers and didn't deliver.

 

Funny how people's memories play about when politics are involved.

 

Whatever happened to humanity? Try looking on the doormat of the House of Commons, the European Parliament, or United Nations. You might find someone wiping their feet on it

[orion]

Anyone seen this ...I think this sum up a lot of the people who voted out ...http://www.lbc.co.uk/radio/presenters/james-obrien/which-eu-law-are-you-looking-forward-to-losing/

Edited October 14, 2016 by orion

[Grachan]

Anyone seen this ...I think this sum up a lot of the people who voted out ...http://www.lbc.co.uk/radio/presenters/james-obrien/which-eu-law-are-you-looking-forward-to-losing/

 

Very entertaining, but infuriating to listen to and hear what level of undertanding people who voted to leave really have and how they have affected this country's future.

Then again, I voted to remain but don't have a full understanding of all issues either, because we were never properly informed throughout it all.

[uk_martin]

So none of us will ever go on holiday abroad again I've just looked at a holiday in Turkey in June 350 a head not to bad you would spend more for a week in Bournemouth.

 

If you want to go and sunbathe in a battlefield, fill yer boots. Money would be the last of my considerations if I went to a place like that.

[A ORLOV]

Anyone seen this ...I think this sum up a lot of the people who voted out ...http://www.lbc.co.uk/radio/presenters/james-obrien/which-eu-law-are-you-looking-forward-to-losing/

If you had a phone in with people who voted to stay many could not correctly answer what benefits they voted for and why.

[Sidney the robin]

 

If you want to go and sunbathe in a battlefield, fill yer boots. Money would be the last of my considerations if I went to a place like that.

Beautiful country beats Weston Super Mare anyway if you go anywhere surely most places there is an air of danger about them France being a prime example.

[E I Addio]

Anyone seen this ...I think this sum up a lot of the people who voted out ...http://www.lbc.co.uk/radio/presenters/james-obrien/which-eu-law-are-you-looking-forward-to-losing/

No, it sums up a lot of the type of people that phone radio stations. Most of the time the producers only let the nutcases through the net because that's what makes entertainment.

 

I tend to listen to LBC early most days . I think you get a pretty good overview of what's happening in the world up till about 8 o'clock then you get more and more nutcases phoning in as those with any brains have work to as the morning wears on.

Edited October 14, 2016 by E I Addio

[A ORLOV]

No, it sums up a lot of the type of people that phone radio stations. Most of the time the producers only let the nutcases through the net because that's what makes entertainment.

 

I tend to listen to LBC early most days . I think you get a pretty good overview of what's happening in the world up till about 8 o'clock then you get more and more nutcases phoning in as those with any brains have work to as the morning wears on.

That is similar to the only bit of progs like the X factor etc that I might watch if there is nothing decent to watch, all the loonies who think they have a skill or can sing, they are so funny and what is bad is that they do not not even realise how awful they are.

[orion]

No, it sums up a lot of the type of people that phone radio stations. Most of the time the producers only let the nutcases through the net because that's what makes entertainment.

 

 

Never sounded like a nutcase to me ..the guy was a average joe who was self employed electrician . You only have to talk a lot people who voted out or read the views of people on a forum like this to understand a lot are like him .

 

I listen to the phone in's on lbc a lot and overall there tends to be a good cross section of people ...clever ,stupid the odd nutcase etc .

Edited October 14, 2016 by orion

[ch958]

If you had a phone in with people who voted to stay many could not correctly answer what benefits they voted for and why.

 

 

we would have at least avoided uncertainty - very very few people could give a cogent economic argument either way. We all know the real reason Brexit won

[OldHawk]

Most people I know who voted out including myself wanted to stay into a reformed Europe. Like the BSPA, Europe stated it was our way of the high way so guess what....?

 

Those of you who are bashing the leave campaign and saying immigration isn't an issue obviously lives in some back water like Ipswich (yes you cookie) where it hasn't had an effect yet, as some of us are forced to live in little Romania were very fed up.

 

 

 

Most people I know who voted out including myself wanted to stay into a reformed Europe. Like the BSPA, Europe stated it was our way of the high way so guess what....?

 

Those of you who are bashing the leave campaign and saying immigration isn't an issue obviously lives in some back water like Ipswich (yes you cookie) where it hasn't had an effect yet, as some of us are forced to live in little Romania were very fed up.

 

 

 

[Grachan]

Most people I know who voted out including myself wanted to stay into a reformed Europe. Like the BSPA, Europe stated it was our way of the high way so guess what....?

 

Those of you who are bashing the leave campaign and saying immigration isn't an issue obviously lives in some back water like Ipswich (yes you cookie) where it hasn't had an effect yet, as some of us are forced to live in little Romania were very fed up.

 

 

 

Most people I know who voted out including myself wanted to stay into a reformed Europe. Like the BSPA, Europe stated it was our way of the high way so guess what....?

 

Those of you who are bashing the leave campaign and saying immigration isn't an issue obviously lives in some back water like Ipswich (yes you cookie) where it hasn't had an effect yet, as some of us are forced to live in little Romania were very fed up.

 

 

 

 

From your nickname, I'[m guessing you are from London. London voted to remain.

[MrMungo]

Most people I know who voted out including myself wanted to stay into a reformed Europe. Like the BSPA, Europe stated it was our way of the high way so guess what....?

 

Those of you who are bashing the leave campaign and saying immigration isn't an issue obviously lives in some back water like Ipswich (yes you cookie) where it hasn't had an effect yet, as some of us are forced to live in little Romania were very fed up.

 

 

 

Most people I know who voted out including myself wanted to stay into a reformed Europe. Like the BSPA, Europe stated it was our way of the high way so guess what....?

 

Those of you who are bashing the leave campaign and saying immigration isn't an issue obviously lives in some back water like Ipswich (yes you cookie) where it hasn't had an effect yet, as some of us are forced to live in little Romania were very fed up.

 

 

 

Ipswich voted to leave.

[E I Addio]

Never sounded like a nutcase to me ..the guy was a average joe who was self employed electrician . You only have to talk a lot people who voted out or read the views of people on a forum like this to understand a lot are like him .

 

I listen to the phone in's on lbc a lot and overall there tends to be a good cross section of people ...clever ,stupid the odd nutcase etc .

When I say nutcase I mean people who haven't thought things through and get out out of their depth very quickly. I think Orlovs analogy with the X Factor is a good one. It not like sitting in a pub where you put your views and I put mine and maybe look for common ground. A lot if these talk show hosts just like to wind people up to make fools of themselves because ultimately it's what audiences like, and it gives me a chuckle at times, but when the boot is on the other foot and the presenter is on dodgy ground he just shut the discussion down and takes the next call. I have heard James O Brien do that several times.

Not saying you don't get good calls at times, especially in the early morning but it's not fair to say that a bloke who gets caught out is typical of Brexit voters because it happens all the time on all sorts of subjects.

 

Capitol Gold is much better radio station, they play ten hits in a row with no talking in between. My idea idea of good listening !

[TonyE]

Anyone seen this ...I think this sum up a lot of the people who voted out ...http://www.lbc.co.uk/radio/presenters/james-obrien/which-eu-law-are-you-looking-forward-to-losing/

Does it?

[BluPanther]

Anyone seen this ...I think this sum up a lot of the people who voted out ...http://www.lbc.co.uk/radio/presenters/james-obrien/which-eu-law-are-you-looking-forward-to-losing/

I think you are cherry picking. I know a very wealthy independent farmer in Bedfordshire who receives £120,000 a year from the EU in set aside fees for doing nothing, and he voted out. I would suggest he knows a thing or two about the EU 'club'.......

[A ORLOV]

I think you are cherry picking. I know a very wealthy independent farmer in Bedfordshire who receives £120,000 a year from the EU in set aside fees for doing nothing, and he voted out. I would suggest he knows a thing or two about the EU 'club'.......

There is a farmer on the edge of Swindon who leases land from the Council does nothing with it apart from cutting the grass and also gets a set aside grant from the eu and has been making a profit for years doing this. The CAP is another eu waste of money.

[iris123]

I think you are cherry picking. I know a very wealthy independent farmer in Bedfordshire who receives £120,000 a year from the EU in set aside fees for doing nothing, and he voted out. I would suggest he knows a thing or two about the EU 'club'.......

I'd say he would be the exception to the rule.How many very wealthy farmers are there compared to electricians?And we are so often told that farmers are being screwed and are just about coping.

Edited October 14, 2016 by iris123