Brexit thread - what happens next

[Roar87]

Not in workers rights. Eu has forced loads on the UK that the UK government didnt want. The majority of business owners think the pendelum has swung far to much in favour of the employee and they have too many rights. Look at your leading leaver PM candidate Leadsom

She has stated she want to remove EU red tape for small businesses with 3 employees or less and there will be no minimum wage, maternity leave or minimum holidays.

So guess low paid workers are about to be even more low paid then? Can't wait to live in Victorian Britain again.

Minimum wage has nothing to do with the EU, anyone could change that now. The Conservatives just decided to raise the minimum wage though so there's no chance they'll abolish it.

You have to remember that if she, or any government, decided to make sweeping changes like that, half the country would go on strike and there'd be mass protests. It's not like we're living in North Korea, people just wouldn't accept wholesale removal of workers rights.

 

[muon]

Commercial property prices are falling and having knock on effects.

http://www.bbc.co.uk/news/business-36715806

The only reason for commercial property prices to fall so steeply is because demand is or will decrease. Since commercial properties are occupied by businesses, we have to ask ourselves where these businesses will go.

 

[The_Abyss]

Nice chart, Montenegro isn't on there though. They use the Euro

Same for Andorra I believe.

 

[Dr Jack]

Leaving the EU is taking away freedom now? I've literally never read anything so ridiculous

Yes, the freedom of movement we enjoy as EU citizens.

 

[joeyjojo]

It really isn't terribly worrying - the investment funds are operating exactly as expected and as they have done in the past. Funds invested in tangible, largely illiquid investments only carry so much cash, and when there's no longer sufficient liquid cash to pay for withdrawals then they have to sell those physical assets or wait for sufficient rental income and natural disposals to build receives back up. Both take time.

I think I'll trust the FT on whether this is a problem, thanks. It is their lead story.

The moves sparked concern that forced selling of buildings by investment funds could act as the catalyst for a steep drop in commercial property prices, as happened during the 2008 financial crisis.

“You can very quickly get a downdraught moving through the market,” said Robert Duncan, analyst at Numis Securities.

The announcements, which began on Monday evening, also sent share prices tumbling for fund managers and companies exposed to property.

Mike Prew, analyst at Jefferies, the investment bank, said that forced sales of assets would “inevitably” lead to a “vicious circle of value destruction” that would also affect listed real estate investment trusts.

https://next.ft.com/content/b17b4250-427f-11e6-9b66-0712b3873ae1

 

[The_Abyss]

Since commercial properties are occupied by businesses, we have to ask ourselves where these businesses will go.

Where do you think they'll go?

 

[dalehitchy1]

Where do you think they'll go?

Eeeuuuuuuurrrooooooppppeee

 

[The_Abyss]

Haha!

 

[Mynight]

Eeeuuuuuuurrrooooooppppeee

They're in Europe already .

 

[PhysicsMan94]

I think I'll trust the FT on whether this is a problem, thanks. It is their lead story.

...

https://next.ft.com/content/b17b4250-427f-11e6-9b66-0712b3873ae1

Quite, and it's also important to note here that Standard Life suspended their property fund back in September 2008, just after Lehman Brothers collapsed, for 7 days. As of yesterday they suspended it for 28 days - this suggests that all is not well behind the scenes, especially given that the suspension length at the height of the GFC was 4 times less than the current amount of time.

 

[joeyjojo]

Also a crazy for government bonds. 10 year bond yields in the US, Germany, Switzerland, Australia, and France are all at recent or all-time lows.

 

[estebanrey]

Yes, the freedom of movement we enjoy as EU citizens.

You mean that one that sees twice as many non-British people coming here as there are British people living in the EU?

 

[bayo000]

You mean that one that sees twice as many non-British people coming here as there are British people living in the EU?

Not surprising really is it? Population of UK ~64 millions, rest of EU ~440 millions.

 

[StriderX]

Not surprising really is it? Population of UK ~64 millions, rest of EU ~440 millions.

Its not a numbers game, the UK isnt a Poophole compared to +60% ( ) of the EU.

 

[Raikiri]

UK actually has the highest rate of emigration out of any country in the EU, around 4.9 million... of course they're called 'ex-pats' though, rather than immigrants.

 

[Roar87]

UK actually has the highest rate of emigration out of any country in the EU, around 4.9 million... of course they're called 'ex-pats' though, rather than immigrants.

Those two words literally mean the exact same thing. Do you find the word immigrant offensive?

 

[Raikiri]

No, I just find it amusing that they're called immigrants when they come here but expats when we go there. There's an obvious negative connotation with the former, but they are both the same which is what I was getting at.

 

[Insanties_birth]

I cannot think of another occasion on which there has been a vote on taking away freedoms from our countrymen. It's quite a remarkable act.

Wouldn't all the votes in the EU where they was giving away our sovereignty and freedoms not count?

 

[Deleted member 2277]

UK actually has the highest rate of emigration out of any country in the EU, around 4.9 million... of course they're called 'ex-pats' though, rather than immigrants.

I wonder why?

 

[Raikiri]

I wonder why?

You wonder why what? Why we have the most people leaving? Or why they're called differently?