Off Topic UK / EU Future

The ailing eurozone economy is reverting to type and has begun to trail behind the Uk's economy, even with the Brexit uncertainty. Italy and Germany are nearly in recession with Germany certainly to be in negative growth territory if Trump levies extra tariffs on car imports from the EU on Feb 17th.

 

uk economy diving ,many redundancies as firm relocate / shut down ,your so called service sector is built on sand ; what’s left of manufacturing isn’t big enough to sustain the shortfall , but carry on with your dog whistle pronouncments ......nobody takes them at all seriously

 

The UK has superior growth than eurozone, as usual, lower unemployment, record high employment, highest wage rises for 10 years. These are all facts. Of course they don't fit in with your project fear.

 

Great shame to see the EMA shut the doors for the last time in London with the loss of 900 jobs, and move to Holland. It was a great earner for London with the hotels, restaurants, and other services gaining from it. It has thrown up an interesting legal case about the now empty offices. The EMA say that when they took out the lease on the buildings in 2011 no one could have possibly have guessed then the current conditions regarding Brexit. If they could have known they would not have signed a lease beyond this year. Canary Wharf who hold the lease are frightened to death that should they lose the case then many other agencies and companies would be able to leave, and not pay up for accommodation that they have taken on for twenty or thirty years siting Brexit. They are trying to argue that in 2011 people could have guessed that this would happen. No doubt clever legal minds will come up with all sorts of twists and turns, but it is not looking very good for Canary Wharf currently.

 

all nonsense , highest number of homeless , highest number going to food banks , highest number on waiting lists for housing , you really do live in Neverland !

 

The UK will remain the world's main financial centre and will continue to be the most attractive European country for investment. Commercial landlords are generally having a difficult time with the internet changing the high street. They are well used to renegotiating leases given a compelling case. I used to let my rural commercial units for £20 psf twenty years ago, a figure more than double todays rate. The internet and relaxed planning laws allowing work from home has drastically reduced demand for smaller units.

 

No, I live in the UK. All these positives for the UK are most inconvenient for some.

 

I don't think you have cottoned on to the fact that this is not £20 for a space in a barn, but the anchor tenant in Canary Wharf, paying £14 Million a year, and would have had outstanding commitments under the lease of £400 Million including rates and services. If it was going to be so easy to fill the space, why do you think that Canary Wharf are in court trying to enforce a contract that doesn't appear on the face of it to be likely. What will the council lose without the rates and the companies who provide all the services do without that work. As I suggested Canary Wharf are saying that lose this case and it could open the flood gates of companies departing.

 

Of course a landlord will try to keep a tenant to a contract but will eventually take a pragmatic view. This would be the same for any landlord / tenant relationship. The EMA actually rented a tiny part of Canary Wharf which would easily be re-let. This is another non story project fear attempt.

 

Funny that they are so worried, and are prepared to spend £100,000 + to try and win. You say they can easily re-let it. If that is the case why would they spend so much on legal fees, that is not pragmatic.
They have stated that this has much wider implications for them. That is not project fear. This has happened, fact, yet you say that they will easily fill the space, which is nothing more than speculation.

 

With the eurozone very near to suffering a recession and French unemployment rate still rising your concerns should be much nearer home.
The City of London including Canary Wharf will continue to be the place to do business, it is the envy of the world. The European financial hubs will remain well in the shadow of London. Spending £100k on legal fees is peanuts in context to rental values.

 

You are speculating again, but nothing you say can be proven about what is happening in London. Guess work on your behalf. What I have spoken about is a specific issue that has happened. Actual fact. You seem to have been brain-washed into believing that what is no more than wishful thinking, is fact. I guess that I must just be more of a realist.

 

What you have found, for political reasons, is an irrelevant small scale dispute between a landlord and tenant. This is an everyday occurrence except the word Brexit has been attached. You obviously have no experience in the field. There is a massive expansion in programme in 2019 of new office and residential in Canary Wharf. Confidence remains high.

What is a fact is the eurozone is near recession and France, your home country, has serious and mounting problems.

 

“No deal means leaving with nothing." “The anticipated recession will be worse than the 1930s, let alone 2008. It is impossible to say how long it would go on for. Some economists say 10 years, others say the effects could be felt for 20 or even 30 years: even ardent Brexiters agree it could be decades.”

Maybe you would like to comment on this speculation seeing as you are one of the ardent Brexiters SH.

 

Are they predicting an unemployment rate as bad as currently blighting France? You might be experiencing a recession soon in France please let us know what it is like.

 

You haven't twigged yet that every time you mention another EU country we can see that you are not prepared to defend the position of your government. It is a total shambles here, but although I rely on the right wing media, it could be worse elsewhere. This is laughable SH. You should take a deep breathe, and admit what others with you viewpoint say, that it could take decades for the country to recover.

 

When you say shambles are you talking about France?

You, and many other remoaners, were made to look extremely silly when you fell for Osborne's project fear nonsense. I would advise you to try to prevent yourself from acting with similar gullibility with the latest scare stories. This fake news has led you to come up with all sorts of predictions that have proved wrong every time. You are meant to get smarter with old age.

 

I am more than willing to discuss in a reasonable way issues surrounding Brexit SH, but once again as you start to try, you then change the subject to another country, and throw in a bit of abuse for good measure. I was asking you to defend what was happening in the UK, and you seem not to want to. I understand that despite being a member of the Tory party, you totally disagree with the deal that your leader has come up with. That is not my fault, or the fault of any other government within the EU. Maybe you are in the wrong party and should join with your spiritual leader as you wanted him knighted. Of course if you did you might find yourself calling for a second referendum.

 

I was only trying to prevent you any further embarrassment. I will support the PM if, and when, she comes up with a sensible deal based on the referendum result and the subsequent clear red lines she previously set out. She made a mistake sidelining the Brexit Secretaries preferring to take advice from senior civil servants that turned out to be faulty. If she manages to get the unacceptable bits of the backstop removed and replaced with something else then she may obtain enough support for her plan.

I have never been a UKIP supporter but recognise that Farage has been the most influential politician in the UK for ages.

If you take notice of the thread title you will see it refers to UK/EU future. Within this it is relevant to discuss the obvious failings and current problems within the EU, an organisation that some democratic deniers wish us to be shackled to.

 

Thank Christ for people like Sir James Dyson paying all that tax and employing thousands of people in the UK.