Tag Archives: UK

The safety of housing as an investment is about to be tested

The price growth of an “asset” into which investors everywhere around the globe have poured billions since the financial crisis has slowed dramatically, and this should worry policymakers.

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Big Companies Have Too Much Power Over the Customer

If you search online “do corporations have too much power”, results are dominated by Unites States sources. It’s as if the debate hasn’t even started in the UK. Perhaps it should.

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One third of British homebuyers don’t read mortgage contracts fully

One thing that becomes clear to a foreigner after even a short time in Britain is how obsessed people are with homeownership. Expressions like “getting on the housing ladder”, “you can’t go wrong with bricks and mortar” or “rent is throwing money away” are all too common.

Despite this obsession — or maybe because of it — it turns out that the British are not all that careful when it comes to making sure they fully read and understand the terms of their mortgage.

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The UK government must tackle housing, not Brexit in 2018

This year, the UK government must come up with solutions to the main crises that eat away at some ordinary Britons’ well-being. One of these is the housing crisis, which continues unabated despite the billions of pounds thrown at the problem.

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Will 2018 change the Brexit game?

As 2017 draws to a close, people in Britain are beginning to realise how seriously they were deceived by the Leave side promoters before the June 2016 EU referendum.

The catalyst of this realisation is the news that Britain will return to its “iconic” blue passport, a symbol of the country’s “sovereignty”, as Prime Minister Theresa May herself called it.

“The UK passport is an expression of our independence and sovereignty — symbolising our citizenship of a proud, great nation. That’s why we have announced that the iconic #bluepassport will return after we leave the European Union in 2019,” she said on Twitter.

This reply on Twitter is the essence of why I believe this to be a crucial moment when it comes to people realising how deceitful the Leave campaign was:

Many people took to Twitter to point out that their old passports were black, not blue, and rather dull-looking. Others wondered if the prize was worth the price, both figuratively and literally.

Here’s one example:

And another:

Some warned the British citizens that once out of the EU, it will not be the colour of the passport that will matter, but the doors it will open.

The blue passport saga is a symbol of everything that was wrong with the Brexit vote: The public debate was hijacked by a group of people who promoted narrow views with dishonest means.

People were lied to about what the EU’s relationship with Britain was, and were promised far more than what can realistically be achieved by leaving the EU.

Before the EU referendum in 2016, the Leave campaign said that nobody was threatening Britain’s place in the Single Market. They gave assurances that not only will Britain keep its Single Market access while getting rid of freedom of movement for EU citizens, but it will also be striking out new trade deals in no time.

The reality turns out to be quite different. So far, the EU has not even hinted at the possibility that Britain will keep its place in the Single Market, while other countries are still waiting to see what kind of relationship the UK will have with the EU before seriously starting trade talks.

The immigration genie is not back in the bottle; it has, in fact, been liberated by the Brexit vote, as the fast-growing emerging market countries with whom Britain tries to strike trade deals rightfully point out that relaxing immigration controls should be part of the negotiations.

The case of the blue passport is symbolic for another reason, as well. As with many things to do with Brexit, it has come to light that in fact the EU never forbade any country to choose whatever colour it wished for its passport.

As Guy Verhofstadt, the European Parliament’s chief Brexit negotiator, pointed out, the burgundy- coloured passports are the result of a recommendation of the EU, but they are not compulsory. The UK could have chosen to ignore that recommendation, and it did not.

Finally, an ironic tweet seems to embed the essence of what the Brexit process will do to Britain, if it continues.

https://twitter.com/HansNiesund/status/945454868382273537?ref_src=twsrc%5Etfw

It looks increasingly like a second referendum on the final deal, with the option of voting to remain in the EU, should be put high on the agenda for 2018.

The European Union’s most corrupt countries

A study about corruption published in December puts forth an interesting, and troubling, conclusion: some countries in the European Union perceive themselves as less corrupt than they actually are.

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UK pensions are a time bomb; Brexit might help detonate it early

As if we didn’t know already, last week we got another reminder of the economic disaster that Brexit is shaping up to be: Retail sales weakened in the UK, as price rises eat into consumers’ purchasing power.

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Time to stop painting the Europeans as the enemy

Britain’s relationship with the European Union is becoming so fraught that even one of the most moderate members of government finds it hard nowadays to use the right words when talking about it.

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Theresa May’s Florence Brexit speech is a disappointment

The excitement that had been building up before the Florence speech of UK Prime Minister Theresa May is quickly turning into disappointment. Many had expected the Prime Minister to find a way to unblock the stalled negotiations over Brexit, but the speech, as delivered, was far from achieving that.

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