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House Price Crash Forum


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Everything posted by rollover

  1. House price inflation hits three-year low Annual house price inflation in the UK is now at its lowest rate since July 2013. It fell to 5.2% in the year to the end of October, down from 5.8% in the previous month. House price inflation has nearly halved since hitting a peak of 10% in March this year. This expected slowdown appears to have been largely due to mounting affordability pressures, which have increasingly constrained housing demand.
  2. CPS considers complaint that leave campaigns misled voters The director of public prosecutions is considering a complaint that voters were misled by the Vote Leave and Leave.EU campaigns, in contravention of electoral law. The complaint about “undue influence” on the referendum campaign has been submitted by an independent group, spearheaded by Prof Bob Watt, an expert in electoral law from the University of Buckingham. Under electoral law “undue influence” is considered a corrupt practice and includes the use of “a fraudulent device or contrivance” to “impede or prevent or intend to impede or prevent the free exercise of the franchise”. Watt and his colleagues who have prepared the case say it centres on “instances where the leave campaigns continued to make assertions of fact that were knowingly misleading”, including the oft-cited claim of the EU costing the UK £350m a week. That claim, made by Vote Leave, was contrary to evidence from the Office for National Statistics, Watt said. Other instances cited to the DPP include alleged misrepresentations on pro-Brexit leaflets that Nissan and Unilever supported leaving the EU. Watt also cited Vote Leave’s posters that claimed “Turkey is joining the EU”, as well as the assertion that “the UK has no border controls whilst in the EU” when billions are spent on the UK Border Agency. None of us is willing to allow the UK to be dragged down to some kind of populist ‘who can lie and deceive the most? Vote Leave went beyond the normal bounds of political campaigning, telling blatant untruths about our contribution to the EU budget, Turkey joining the European Union, and much more. It’s about time they were held to account for misleading the British people.”
  3. Nigel Farage forced to admit that the EU referendum was only 'advisory' 'The politicians lied all the way through because they didn’t say that.
  4. You should ALL be my biggest fans! Investment manager Gina Miller said she was not surprised by the reaction to the High Court ruling on Thursday before branding the government a “tinpot dictatorship”. Speaking to Andrew Marr on BBC One this morning, she said: “It’s brought out a side of society, [where] the dark clouds are definitely gathering and it’s every ‘ism’ you can think of – sexism, racism, homophobia, everything is there. “But I was aware that there would be nastiness because anything to do with the word Brexit, people lose their minds and it’s all about heart.
  5. Jeremy Corbyn Wants To Hear Theresa May's Brexit Plans 'Without Delay' The Labour leader called for “transparency and accountability to Parliament” about the Government’s plans for EU withdrawal. “We can’t have secret deals on Brexit, company by company,” Corbyn said. “Labour accepts and respects the decision of the British people to leave the European Union. But there must be transparency and accountability to Parliament about the Government’s plans. “I suspect the Government opposes democratic scrutiny of its plans because - frankly - there aren’t any plans, beyond the hollow rhetoric of ‘Brexit means Brexit’.” Corbyn urged chancellor Philip Hammond to use this month’s Autumn Statement to deliver “meaningful change” to back up the prime minister’s promises to help ordinary working-class families.
  6. You are deluding yourself. Most people moved on and looking forward. Only you are stacked in pre-referendum rhetoric mode. It's the in/out referendum that open pandora box.
  7. Residential rent growth falling across much of the UK Residential rental growth is slowing in the UK with the average rent up by just 0.05% in October, down from the 0.09% recorded the previous month, the latest index data shows. Growth was slowed in particular by a 0.11% fall in rents in London while when the city is excluded the growth was 0.14% in the rest of the UK and 0.15% in England, according to the Landbay rental index. The data also shows that the average UK rent is now £1,188, with London’s average at £1,889, and the rest of the UK being £748 per month. Hotspots for rental growth over the last 12 months include Luton with growth of 7.11%, Edinburgh up 5.63% and Northamptonshire up 5.59%. At the opposite end Aberdeen has seen rents fall by 13.22% and Aberdeenshire by 9.03% with both markets affected by the fall in oil prices since the middle of 2014.
  8. Your question is completely wrong and deliberately misleading, still talking nonsense about "remain - remainers".
  9. Belgravia Mansion Owners Cut Asking Prices as Brexit Bites If you want to sell your home in Belgravia, the London district favored by Russian oligarchs for its large mansions, chances are you’ll have to accept a lower price than you expected. More than half of sellers in the neighborhood cut asking prices in the three months through October, up from 32 percent in the same period last year, according to data compiled by Hamptons International. In Chelsea, 43 percent of sellers cut the offer price compared with 27 percent in 2015, the data shows. Sellers are starting to accept that if they want to achieve sales, they simply have to accept lower bids. The value of homes in Chelsea and Hyde Park fell 9.8 percent and 7.5 percent respectively in the year through September, according to data compiled by broker Knight Frank LLP. Homes in Knightsbridge declined 5.9 percent. The number of British sellers cutting asking prices has also increased this year. “The proportion of homes that are sold after a cut in the asking price increased from a quarter to a third across the U.K. since January. We’ve seen an uptick in sales since September, after the seasonal summer slump and the Brexit shock, precisely because sellers have got real about prices and lowered them.
  10. Brexit doesn’t mean Brexit - you’ve lost, get over it! James O’Brien said the court had no other option but to make its decision because Parliament are elected to run the country. Lord Chief Justice announced on Thursday that Mrs May does not have the power to start the official process of leaving the EU by triggering Article 50 without a Parliamentary vote. Lord Thomas declared: “The Government does not have the power under the Crown's prerogative to give notice pursuant to Article 50 for the UK to withdraw from the EU. ”Mr O’Brien criticised Mrs May for coining the phrase “Brexit means Brexit”, claiming she “got that wrong”. All of the advisers, all of the campaigners, all of the geniuses who’ve been lying through their teeth for the best part of this year, they couldn't even come up a facetious slogan to describe what was going to happen next, without effectively breaking the law of the land or acting in the direct contravention of the law. “These ludicrous belches about sovereignty and control coming from people who actually don’t know what it means –they’ve probably never heard of AV Dicey. “I don’t think you’ll get many people with their eyes open and their fingers not in their ears saying, ‘you’ve lost, get over it’, to people who seem upset by this judgement.
  11. Brexit might never happen as Article 50 can be reversed at any time, experts warn BREXIT might never happen because Article 50 can be withdrawn at any time despite the Leave camp storming to victory in the EU referendum, according to experts. At the very least, Brexit is likely to be delayed by several years as MPs pour over every minute detail in parliament, revealing Britain's hand to the world and continually weakening its negotiating position. But it is a common misconception that if the Government does not get the verdict it wants, it can appeal again to the European Court of Justice. Aside from the fact this would mean the British Government was relying on an EU court to let it leave the Brussels bloc, it simply is not true. The eventual Supreme Court ruling will set the scene for how much open political debate there will be in parliament and how much scrutiny there will be. "I can't see it making it any easier or quicker. "It makes our negotiations extremely difficult because every aspect on the table will be subject to scrutiny."
  12. The Lockheed F-35 Needs Another Half Billion Dollars The Pentagon will need as much as $500 million extra to finish the development phase for Lockheed Martin Corp.’s F-35, the most expensive U.S. weapons system ever, defense officials said. The F-35 program office made the request for more money to complete development, which is supposed to be in its last stretch after 15 years. The request for more funding is at odds with past assurances that the program would absorb any cost increases in development. Program spokesman Joe DellaVedova didn’t respond to questions about when the development phase is now scheduled to end and why the additional money is required.
  13. Ukrainian officials disclose their wealth in e-declarations Tens of thousands of Ukrainian officials and lawmakers have disclosed their incomes and assets in a publicly available database for the first time. President Petro Poroshenko, who ran a successful chocolate business before he was elected president in 2014, filed his declaration close to the deadline, revealing $26.3 million kept in bank accounts and holding ownership of 104 companies and charity funds.
  14. When will the great stock market crash begin? When will the huge sell-off – in both shares and bonds – convulse world markets, obliterating trillions of dollars within weeks and triggering a domino-effect collapse of banks, other financial institutions, pension funds and even governments? There is certainly a growing chorus of voices claiming the inevitability of this Armageddon. Many think it is nigh. You know their argument: a tsunami of money has swept through the markets in pursuit of returns. But, in a world where returns have been crushed by years of central bank intervention, the outcome has been to rocket-propel the prices of everything from government bonds to property and shares. We’re at a point where valuations of swathes of the stock market here and elsewhere are frighteningly high in comparison with long-term average measures.
  15. I was thinking along those lines. For example, Police and other government departments vehicles will be made in UK. Government will get all the extras and pay them premium price.
  16. Thank you for updated information. After a very long hesitation it's still not very convincing. Theresa May's Government ‘making up Brexit strategy as it goes along' John McDonnell told The Independent the Government's position 'puts the UK economy in a position of being hostage to fortune rather than deciding its own destiny'. Theresa May and her Cabinet ministers are pursuing a "make it up as they go along" strategy for Britain’s exit from the European Union, according to John McDonnell. But while the Shadow Chancellor welcomed the decision by Nissan, he told The Independent that the “worrying” aspect of the Government’s approach “is that we are seeing a make it up as they go along strategy delivered in the TV studios and not debated in Parliament”. Govt says Nissan must know its Brexit plan (fine) but Parl't can't know or vote on it due to secrecy. Totally unsustainable position.
  17. Earlier this month, debt charity StepChange warned that spiralling charges on unarranged overdrafts are adding millions of pounds to problem debt. More than 15,000 people a week contact the charity because of problems with overdrafts, with struggling Brits facing charges of £45 a time for exceeding limits - adding around £225 a year to their already heavy debt burden. In fact, a recent Which study which showed the cost of borrowing £100 from some banks for 28 days amounted to as much as £90 in charges, compared with the maximum £22.40 on a payday loan. Mirror
  18. Theresa May urged to act fast as new poll finds huge support for protecting EU migrants’ rights A large majority of 66 per cent backed the move; just 21 per cent said “no” and 14 per cent said they did not know. They were then asked: “If EU countries are willing to immediately guarantee the rights of British citizens living and working in those countries to continue post-Brexit, should the UK Government also immediately guarantee the right of EU citizens living and working in the UK?”
  19. In the queue, there will be more big companies including banks. But the deals will be done behind closed doors.
  20. I see, you are desperately looking for someone to back you up. But I don't agree with your speculation.
  21. Tony Blair suggests a second referendum to reverse Brexit 'catastrophe' Nissan must have been given "very strong assurances" on access to the single market before boosting its UK car production, Tony Blair suggested. Mr Blair said he welcomed the deal secured by the Government, adding: "I know the leadership at Nissan, I'm absolutely sure they would not have made this commitment unless they received very strong assurances from the UK government. Now, if the UK government are giving those assurances, I welcome that. "I should imagine they gave strong assurances about the car industry's access to the single market. "If this is an indication that the UK government are giving strong assurances about access to the single market, this would be important," he told BBC Radio Four's Today programme.
  22. Minister refuses six times to say how Government managed to persuade Nissan to build new cars in Sunderland Greg Clark, the Business Secretary, is under pressure to reveal the bill to keep foreign carmakers in Britain - after the triumph of the Nissan announcement. A Government minister refused six times to say what post-Brexit financial help Nissan has been promised to build its new cars at its flagship Sunderland plant. Greg Clark came under fierce pressure to reveal any deal struck with the Japanese carmaker after it threatened to invest abroad instead – putting hundreds of jobs in England’s poorest region at risk.
  23. Don't you forget about Customs Duty after Brexit. It is a tariff or tax imposed on goods when transported across international borders. The purpose of Customs Duty is to protect each country's economy, residents, jobs, environment, etc., by controlling the flow of goods, especially restrictive and prohibited goods, into and out of the country.
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