Quizzes & Puzzles55 mins ago
Brexit
16 Answers
First the pound collapsed; shares in UK centric businesses, UK banks and house builders too.
Then the worst drop in PMI data, more recently Markitt data too and now the UK has the lowest interest rates EVER! With more QE and Corporate Bond purchases to ward off rising inflation & falling productivity and GDP growth and recession to come.
These are not my words, but the words of a friend what do you think, is he right?
Then the worst drop in PMI data, more recently Markitt data too and now the UK has the lowest interest rates EVER! With more QE and Corporate Bond purchases to ward off rising inflation & falling productivity and GDP growth and recession to come.
These are not my words, but the words of a friend what do you think, is he right?
Answers
Best Answer
No best answer has yet been selected by bluemoon1. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.The pound has been a basket case for years and now Brexit has shouted "The King has no cloths on".
The British economy is the first to feel the chill, but the whole european economy is very broken and in my view the EU will not survive long enough for us to get trigger article 50.
I get paid in Swiss francs at the moment so happy days.
Tax here is generous also and reason I quit the uk after a dispute with HRMC.
All the tax I was paying at 40% rate and they charged me £10k in capital tax on a house sale from 12 years prior. Then charged me interest and fine of 20% on tax owed. So I waved them goodbye.
Doing same job as I did in uk , but remotely.
That 10k they squeezed out of me has now cost them £90kmin lost tax via me .
I'm only a working bloke from working class background , but HMRC treated me as an easy target.
The British economy is the first to feel the chill, but the whole european economy is very broken and in my view the EU will not survive long enough for us to get trigger article 50.
I get paid in Swiss francs at the moment so happy days.
Tax here is generous also and reason I quit the uk after a dispute with HRMC.
All the tax I was paying at 40% rate and they charged me £10k in capital tax on a house sale from 12 years prior. Then charged me interest and fine of 20% on tax owed. So I waved them goodbye.
Doing same job as I did in uk , but remotely.
That 10k they squeezed out of me has now cost them £90kmin lost tax via me .
I'm only a working bloke from working class background , but HMRC treated me as an easy target.
237SJ - We have no children and a mortgage free house in the uk.
I plan the same strategy as you. If I can die with less than a pound to my name I will be happy lol
Plan to downsize next year also.
If house prices go down , so will the place we buy. However good news for first time buyers. I feel sorry for the young trying to buy or rent these days.
Crazy prices
I plan the same strategy as you. If I can die with less than a pound to my name I will be happy lol
Plan to downsize next year also.
If house prices go down , so will the place we buy. However good news for first time buyers. I feel sorry for the young trying to buy or rent these days.
Crazy prices
'We have nothing to fear but fear itself'. If the silly credit bubble gets burst - then OK. It will be a short, very sharp shock. Can't think that interest rate reduction will help. I'll keep my money in the bank unless it goes negative - at which point I will remove it. I am not going to spend my savings, no matter what the Bank of England hopes . I'm too old to forget that sometimes you need cash in hand.
Very seriously, my main worry is that we talk ourselves down and end up with a self-fulfilling prophecy. For goodness's sake have some courage, folks, we bank on a bit of grit!
As it happens, we may have an offer on our house in France - low pound will be good for us. HOWEVER, I can remember about 9 years ago when the pound was at virtual parity with the euro - so it is nothing new. They need to calm down, they really do.
Very seriously, my main worry is that we talk ourselves down and end up with a self-fulfilling prophecy. For goodness's sake have some courage, folks, we bank on a bit of grit!
As it happens, we may have an offer on our house in France - low pound will be good for us. HOWEVER, I can remember about 9 years ago when the pound was at virtual parity with the euro - so it is nothing new. They need to calm down, they really do.