c0lz
North East Stand.
Most of the data for the survey was collected before the 23 June referendum in which the UK voted to leave the EU.
House prices will grow less than they would otherwise have done. Homebuilders have profited enormously from a national housing crisis. I am not so sympathetic that their windfall has slightly decreased.
OK. How about your sympathy for their employees? Or those involved in commercial construction? Or civil engineering? Or specialist construction activities? Or those involved in services such as architectural & quantity surveying activities? Or the wholesale of construction materials? Or the manufacture of construction products & materials?
Over 3 million jobs, 300,000 businesses, 10% of UK employment, worth £100bn to the UK economy. Some bubble eh?
Key quote:
"Most of the data for the survey was collected before the 23 June referendum in which the UK voted to leave the EU."
Yes, unwillingness to invest by the construction industry in case the decision turned out to be Leave.
Bubbles cannot grow forever.
Hmm, glib or crass; which is more apt for your idiom?
Most of the data for the survey was collected before the 23 June referendum in which the UK voted to leave the EU.
Have they ALL gone, in one go? Osborne scaremonger stats? I don't know.
Fearsomely tenacious extrapolation on your part but yes, yes, the underlying message in the BBC report is that the whole shooting match is totally kaput.
Why? For convenience. Presently most Eurobond clearing takes place in London. The ECB is based in Frankfurt, it could easily request that those transactions take place within the EU itself, ideally Frankfurt, especially as it is responsible should any EU banks crash in a similar manner to that of Lehman.
Quote Originally Posted by The Merry Prankster View PostKeep up at the back please!
Quote Originally Posted by Postman Pat View Post - "Can I ask how the effect has bitten so quickly?"
So what was the purpose of your link ? http://www.bbc.co.uk/news/business-36701273
The BBC and of course they are not biased are they
I t w a s i n r e s p o n s e t o P o s t m a n P a t ' s q u e s t i o n (f o r w h i c h h e t h a n k e d m e) d e m o n s t r a t i n g t h a t t h e d o w n t u r n o c c u r e d b e f o r e t h e r e f e r e n d u m
The BBC and of course they are not biased are they
if its convenience, why isnt it in Frankfurt today?
lol But he was replying to The Merry Prankster who said no such thing.
Can I ask how the effect has bitten so quickly? Not disputing what you are saying just interested to know what has changed as a result of the vote.
Thanks.
So companies were already holding off on new projects before the vote, now it's gone leave they have been cancelled completely. Makes sense until there is more understanding of the process.
I'm going to give it one more go before I lose the will to live!
The following sequence is all you need to know, whatever The Merry Prankster wrote is immaterial.
i.e. PP had assumed the downturn happened post referendum
I posted a link demonstrating that it started prior to the referendum
I gratefully received PP's thanks and assumed the job's a good 'un.
I'm desperately hoping it is in this case too.
Can I ask how the effect has bitten so quickly? Not disputing what you are saying just interested to know what has changed as a result of the vote.
Key quote:
"Most of the data for the survey was collected before the 23 June referendum in which the UK voted to leave the EU."
Do tell us when you lose your job. I wouldn't want to miss out on a smug "Oh well, cheerio" kind of post at your expense.
A friend of mine works for the EMEA (medicines stuff). I mean 'worked'. Redundancy notices went out the day after the vote.
Perhaps she can get a job cleaning Boris' swimming pool.
(note, she and her hubby are lifelong tories; no prisoners in the meltdown).
This is interesting stuff. EMA (the European Medicines Agency) will have to relocate to within the EU and this is a big deal for both the UK Pharma industry and the regional subsidiaries/offices of EU and non-EU Pharma that are based in the UK. No strategic point in the non-UK companies staying here whatsoever as the major role (with Germany, Sweden and the Netherlands) that the UK Medicines Agency (MHRA) plays within the common medicine and medical device licensing procedures within Europe has vanished.
We've cancelled two client scientific advice meetings with MHRA because there is no point if they (MHRA) are unable to guarantee they will be in a position to take the products forward through EMA. Another lost some US investment last week (we estimate around £15m) because of the EMA situation and falling pound.