Thought I'd start a new thread as this is going to be a major talking point this year...have not made up my mind yet...(unlike bucksfizz)....but thinking of voting for an exit as Europe is not doing Britain any good at all it seems....

https://uk.finance.yahoo.com/news/brexit-vote-roils-london-real-153750128.html

LONDON (AP) — Henry Pryor, who has helped people buy homes in London for more than 30 years, says only war would be a bigger threat to the housing market than the conditions it faces now after Britain's vote to leave the European Union.
In addition to the vote, the prime minister has resigned, the main opposition is in disarray, and there may be early Parliamentary elections. And Donald Trump may become U.S. president, something Pryor argues would add further uncertainty to the global economy.
"Any one of those five would have been enough to frighten the housing market," he says. "The only thing more dramatic than where we are now is if we were at war."

Things are also unsettled in the housing market, where prospects have deteriorated after the Brexit vote, according to Howard Archer, chief European economist at research firm HIS Global Insight.
Even before the referendum, in June, the average London house price fell 0.2 percent amid uncertainty about the outcome, according to the latest survey by Rightmove, the U.K.'s largest property website. Some suggest the housing market is ripe for a substantial drop — asking prices have risen 55 percent to an average of 643,117 pounds ($832,785) since June 2010.
"Housing market activity and prices now look to be at very serious risk of an extended, marked downturn following the U.K.'s vote to leave the EU," Archer wrote. "This is likely to weigh down markedly on economic activity and consumer confidence, which is not good news for the housing market."
Newlywed Jon Dean, 29, knows that all too well. He's trying to sell a property in North London so he and his new bride can buy a home of their own. But potential buyers want a discount in the aftermath of the vote, and the offers he was getting were lower than the lowest he was prepared to accept.
"I'm taking mine off the market for a little while to see how things go," he said. "I think people are going to be more cautious now."

Oppps yes I was getting confused with Baronet, or does May think she's
entitled to an higher order..

Of course this chappie Henry Pryor isn't biased...

He's part of the problem, running up house prices to beyond the reach of the
average worker....

Yes and the housing markets a bit like swings and roundabouts..

Some win..Some lose...

So Jon Dean will have to lower his asking price, seeing has any house that
he looks at or is put on the market will also have to lower their prices..

Several other reports from Building Societies etc that the market has slowed considerably since Leave vote.

The Bıgger the Boom the Bıgger the bust.

No more buyers out there who can afford the askıng prıce.

House prices may fall, but they will return. As you can see, current prices are pretty much on the long term average.

A bit of good news from today

The Government has rejected a call for a second referendum on European Union membership in a petition that was signed by more than 4.1 million people following the Brexit vote.

It was the most-signed Government petition since the process was introduced in 2011.

However in an official reply, the Foreign Office said 33 million people had had their say and “the decision must be respected”.

The petition, which was set up by a Brexit supporter before the referendum was held, had called for the Government to annul the results if the Remain or Leave vote won by less than 60 per cent on a turnout of less than 75 per cent.

Government petitions which reach over 100,000 signatures must be considered for debate in parliament.

The Foreign Office said: “The EU Referendum Act received Royal Assent in December 2015. The Act was scrutinised and debated in Parliament during its passage and agreed by both the House of Commons and the House of Lords. The Act set out the terms under which the referendum would take place, including provisions for setting the date, franchise and the question that would appear on the ballot paper. The Act did not set a threshold for the result or for minimum turnout.

“As the Prime Minister made clear in his statement to the House of Commons on 27 June, the referendum was one of the biggest democratic exercises in British history with over 33 million people having their say.

“The Prime Minister and Government have been clear that this was a once-in-a-generation vote and, as the Prime Minister has said, the decision must be respected. We must now prepare for the process to exit the EU and the Government is committed to ensuring the best possible outcome for the British people in the negotiations.”

In the wake of the Brexit vote, the petition was shared widely on social media by Remain supporters.

As the number of signatories soared, the petition's original author, Leave activist William Oliver Healey, disowned it, saying his opinions on the need for a high turnout and high level of support for one side had been “hijacked” by EU supporters.

The Government’s decision will come as a blow to those who hoped to find a parliamentary means of stopping Britain’s withdrawal from the bloc.

However, calls for a second referendum on the terms of Britain’s departure from the EU are gathering pace. Four out of 10 people would like to see a second referendum before Britain leaves the EU, according to an opinion poll for The Independent.

The survey of 2,000 people by ORB found that 40 per cent agree that there should be a referendum on the exit deal that the Government negotiates, and that the UK should seek to Remain in the EU if the public rejects the terms.

Such a course was supported by 12 per cent of people who voted Leave last month. A second vote was backed by 68 per cent of people who supported Remain last month.

Jeremy Hunt, the Health Secretary, is among a number of MPs backing a referendum on the exit terms. Lawyers have also said MPs must vote to repeal the 1972 European Communities Act, under which the UK joined the EU.

housing market
certainly in london, it suddenly seems to have turned round, in particular with properties of <£1m
"foreigners" are now piling into these - all scrupulously clean (laundered) money of course - presumably as a good buy-to-let proposition especially with £ now seriously weak

Even a manufactured after the event poll still cant get a majority:


The survey of 2,000 people by ORB found that 40 per cent agree that there should be a referendum on the exit deal that the Government negotiates, and that the UK should seek to Remain in the EU if the public rejects the terms.

No one in their right mind would take that petition for a second referendum
at face value, there might be over 4 million votes but how many were invalid?,
I'd say at least half would have been bogus...

And not only that..They can go frick themselves, if it had been the other way
round and 52% had voted to remain they would have been gloating for ever
and the day...

So they'd best get over it and stop stamping their feet...

Never mind the €urozone, Ma Merkel has bigger fish to keep out of the frying pan.



Chart: The Epic Collapse of Deutsche Bank

GoldSilver.com
JULY 08, 2016

https://goldsilver.com/news/chart-the-epic-collapse-of-deutsche-bank/


Now the real question: what happens to Deutsche Bank’s derivative book, which has a notional value of €52 trillion, if the bank is insolvent?

Looks like more porkies

Fresh doubts about Andrea Leadsom’s career claims surfaced last night over her alleged role following the collapse of Barings Bank.
Mrs Leadsom has said she worked closely with the then Bank of England governor to prevent a financial crisis after it folded in 1995.
The Tory leadership contender said she spent a weekend with Eddie George battling to rescue the institution – which suffered one of the biggest financial meltdowns in modern British history.
But yesterday a former Bank of England director raised doubts about her claim, fuelling allegations that she had inflated her role.
It is the latest question mark over Mrs Leadsom’s apparently glowing CV,

In her maiden Commons speech in 2010, she said that as Barings collapsed on a Friday evening: ‘Eddie George, the Governor of the Bank of England, called together a small group of bankers, including myself, and we worked over the weekend to calm the fears of banks that were exposed to Barings.’
During a hearing of the Treasury select committee the same year, she told then Bank of England governor Mervyn King: ‘I had the dubious pleasure of working with [Mr George] over a weekend to stop a run on the banks when Barings went bust.’
She reiterated the claim in an interview with the Daily Mail last month, saying: ‘I remember spending the weekend with Eddie George at the Bank of England, ringing all the banks, saying “Don’t panic”.’
But Michael Foot, who was the deputy director of banking supervision in Threadneedle Street at the time, said yesterday: ‘During the Barings crisis, the Bank of England’s interface with the leading UK banks was almost wholly at chairman or CEO levels. I’m afraid I would not have seen anything of what went on within banks like Barclays.’ Peter Norris, who was chief executive of Barings, also said he could not remember her playing a role in attempts to rescue the bank.

20 Conservative MPs will resign if Andrea Leadsom wins.

http://www.telegraph.co.uk/news/2016/07/09/tory-women-turn-against-andrea-leadsom-as-motherhood-row-deepens/

Tory women turn against Andrea Leadsom as motherhood row deepens

Well the character assasination is going into overdrive by the May supporters,
in their efforts to keep out the 'upstart' LEAVE campaigner Andrea Leadsom.

How anyone could work again with 'friends and colleagues' like what's
going on in both the Tory & Labour party....I'm afraid i wouldn't be able too.

Cliff Richard is suing the BBC and police for £1m.

Artıcle 50.

Feelıng ıt wıll be kıcked ınto the long grass.

That's the plan!

Cliff Richard ,, so he should , i think that unless charged we should not have known about his arrest .
A lot of people will look at him now thinking no smoke without fire and if he is innocent (there we go even i'm guilty of thinking the same) it has tarnished his reputation .

Also the police statement said there is insufficient evidence to proceed ,which is very different to saying he is definitely not guilty.