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"Add to that sky-high inflation here, one of the highest if not the highest compared to EU countries just shows what a failure Brexit is and will always be."
Whether you're right or wrong is irrelevant, since there's no going back. I disagree with your opinion, but what I think is irrelevant too, the only thing that matters is the UK moving to a self sufficiency model and not worrying about what the rest of the World does. For a country to be productive, they have to produce more than they need and sell the surplus, the UK's future is in its own hands irrespective of Brexit or anything else.
The fact that the UK indices have done nothing over the last 5 years clearly demonstrates how the English economy has stagnated since Brexit whilst other indices have skyrocketed.
Add to that sky-high inflation here, one of the highest if not the highest compared to EU countries just shows what a failure Brexit is and will always be.
Landlords also selling some of their portfolio’s. It seems lots of flats in my area coming on market.
Tm
excellent
Once the Civil Servants and media get bored of trying to reverse Brexit ,then people will see that the UK is in good health .
People who don't like that we have left the EU can leave themselves ,our boarders are open .
Just want to keep as many Scottish people here as possible, we have to have some moaners GAZZ.
United Kingdom has done my family well and Long may it last .
Love & Light
Chips
Lloyds 80p end of year
Or their children might just move out of council or rental properties into the homes the baby boomers leave thus freeing up much needed housing
There are wild price variations between UK housing types over the past 50 years. Outside London, flats haven't gone up much, due to oversupply, absurd leasehold-freehold laws, scandalous build quality (noise pollution), and social stigma. Semi-detached and some terraced houses have gone up a lot, but prices are capped by the stigma of noisy neighbours you can never escape. Detached prices have gone through the roof, due to snobbery and no annoying neighours, and this is the category that has mostly driven 10 x UK growth since the 1970s and 1980s.
Would be good, also, to see some median stats, and not just average or mean.
PS. Who is moving to Spain now?
67s
''I dont understand where the 3.5 x figure came from.''
That takes into account inflation - 3.5 times increase in real terms.
Just goes to show what effect various schemes have had in addition to very cheap money for a prolonged period. It is shown in the price increases subsequent price/income ratios.
Something had to give eventually - taking into account inflation we have recently seen a double digit fall in property prices in real terms.
Baby - Boomer generation now own more than three quarters of the UKs property wealth.
A flood of homes for sale will hit the property market over the next few years as the Baby - Boomer generation eventually pass away.
Quite agree, I see prices roughly doubled every 10 years in many areas since the 90s. That would mean today’s price is about 8x the 90s price (when Blair & Brown promised things could only get better).
616 new council houses needed just yesterday, plus Doctors , Dentists, Girlfriends, DWP mental health disability payments, mobility cars ect .
Just saying .
"Since 1980, UK house prices have increased a staggering three and a half times"
In my experience, living in the Southwest since 1980, house prices have increased about ten times, based on a 2 bed terrace being well under £30k in 1980 and now nearer £300k.
Other regions will have higher and lower price changes than this, but 3.5 x 1980's prices seems a very low estimate to me. I dont understand where the 3.5 x figure came from.
Music, it follows that a 1% increase in population needs a 1% increase in gdp to maintain the status quo and unfortunately we have much less than that. The only person I know who is better off sold his house last year pu his cash on deposit and is using some of the interest to pay his rent spending the rest!
The current low share price, disappointing as it is, is a massive boost to the buy back. At some point it will be reflected in the share price and if that is not in the short term, then assuming the buy back is repeated or even increased for another 2 years or more, the market cap will begin to look ridiculous if there is not a commensurate increase in the share price. If the markets won't rate the shares, the best outcome for shareholders is that they throw out as much cash as they can on dividends and buy backs.
Quality of life !
Followed by Quantity.......wot
"The numpties that voted for Brexit will never admit they got it terribly wrong"
Er, the numpties that voted for remain got it wrong Gary59.
Wrong by a margin of 1,269,501 votes that equates to 51.89% were correct and 48.11% were wrong.
That's democracy for you.
'Get over it' (borrowed that phrase from Lti).
Hu
''Germany is in a recession, not the EU.''
The Eurozone went into recession - EU as a whole just escaped that technical fate by 0.1%
Different methods to measure a country's prosperity.
I don't consider comparing stock market valuations as one of the metrics.
I'm very happy and content with the status quo avocet123, and for the future of my children and grandchildren.
Get over it.
A. Don’t get carried away, it’s well documented what the redistribution is likely to be over the next couple of years, read the quarterly reports, listen to the results presentations + QAs
The fact that 2.6million homeowners in the UK are to pay thousands of pounds more annually when their fixed rates end over the next year will have a positive impact on bank profits and consequently the share prices of players such as Lloy, NWG, HBOS and Barc in particular....
https://www.thisismoney.co.uk/money/mortgageshome/article-12184865/Why-paying-thousands-mortgage-annually.html
Good luck, Brighty
Everyone i know is worse off - terrible decision, some outdated toffs from the 1930s
going to give our freedom and money over to Labour
love being in Europe - hate the EU (as many do)
Britain will likely stave off a recession this year, according to the Confederation of British Industry (CBI), as falling energy prices pave the way for marginal economic growth.
A 0.4% expansion of the economy should be recorded this year, ahead of 1.8% growth in 2024, the CBI forecast, thanks to falling energy prices, China’s post-Covid reopening and easing supply chains.
The CBI issued caution over the raised forecast though, which was up from a previously predicted 0.4% fall for 2023 and a less substantial 1.6% jump next year.
“While encouraging, there's no getting away from the fact that this year will be another tough one for both businesses and households,” CBI economist Alpesh Paleja commented.
“The UK is underperforming on many of the areas crucial to our long-term prosperity, such as business investment and trade intensity.”
Paleja dubbed the signs “concerning”, with the CBI predicting business investment to only top pre-pandemic levels by the end of next year, with Brexit concerns playing a key role in prompting caution among firms.
Accountant KPMG also raised forecasts for the UK economy, now anticipating a 0.3% rise, rather than just 0.1%, based on a better-than-expected start to the year.
“Risks are still elevated” though, according to KPMG, “stickier inflation will see monetary policy tightening even further, increasing the risk of unwelcome side effects, among other potential headwinds”.
Thefarend, how come European and US indices have skyrocketed since Brexit whilst FTSE has done absolutely nothing?
Is that what you cal to prosper?
Might we see a near 40% LEAP in distribution to shareholders this fiscal year?
~~~~~~~~~~~~~
2022 Results - Post tax £5.555bn
ACTUAL shareholder distribution fiscal year ending 2022 -
Interim 0.8p + final 1.6p = 2.4p total,
2.4p total divi x 67.3bn shares is issue = ~£1.6bn
+ £2bn on buybacks = total £3.6bn to shareholders
~~~~~~~~~~~~~
2023 Projected Results - Post tax £6.5bn
PROJECTED shareholder distribution fiscal year ending 2023 -
Interim 1p + final 2p + 0.5p special = 3.5p total?
3.5p total divi x 66bn shares in issue = ~£2.3bn?
+ £2.7bn on buybacks? = total £5bn to shareholders? (~39% increase)