to the
After Brexit

Unique Property Blog

Back to the Blog Index
Back to the Unique HomePage

After Brexit

For a long time I have been claiming that Brexit is to a large extent a non-event, and much verbiage has been spilt to not much effect. Having lived in continental Europe much of my life I have seen very few impediments to my way of life over the decades as political whims slip and slide around with much noise but very little else.
I accept there will be changes, but whatever those changes are, the important ones will always come with caveats and codicils which are likely to make the end result much the same as before.
The UK tax payer will no longer have to fund an extortionately expensive secretariat in Brussels and Strasburg. The country will no longer have to give up its common law in favour of extensive statute law. It will no longer have to suffer the loss of its prime money-making export to the city of Frankfurt, and it will no longer be forced to join the euro with its massive inconsistencies and disastrous banking shambles. And the country will no longer be forced into a strict trading regime but will be able to negotiate other trade treaties. All of this is good news.
The downsides for most people concern movement of people, reciprocal health arrangements, and so on. Will these change?
I recently travelled across Europe and found that so far nothing has changed whatever. I have always been able to travel where I liked in Europe, and that hasn't changed, and won't change.
The countries I have visited and live in part time have all stated that they won't change their regulations if the UK reciprocates. The UK will no doubt do so. Why not?
Portugal has already let it be known that there will be no change to travel, work permits, and has even offered health care arrangements. Of course they have. They can't afford the Brits to go home. Their economy would crash. As I have always said, ultimately, common sense will prevail.
Spain will soon follow suit. There are several million UK nationals living in Spain. If they are disadvantaged they will have to leave. That will crash the Spanish economy. That won't happen. Someone will wring a few necks, and life will go on.
Now the UK is officially out, the EU has lost all negotiating power.
The answer is simple. The EU is broke, their banking system is on the rocks, their economies are stagnant or in recession, and many of their political parties are in disarray. There is also social unrest across the region. Portugal is beginning to panic about boat people coming from Africa. When I was last in Italy that situation was way out of hand. Germany has a massive social problem with all the refugees (or is that guest workers part 2?) in the country. And how can Germany have a proper export situation when under the T2 rules they have to send money back to the countries (mainly Italy) that are buying their goods? The economic structure is unworkable. And they no longer have the UK's annual sub. More money printing is on the way. Oh dear.
I am not going to give advice, but I shall be seeking to quit my business in the EU. I think this is the beginning of the end. The only way things can carry on is if everyone goes into pretend mode, prints ridiculous amounts of money, and hopes for the best.
Things could stagger on for years in much the same way, but there are greener fields that are held together by less sticky tape.
Has anyone travelled around Europe recently? I was intrigued, and quite shocked to see how Britain is booming compared to the continent. I was in London last week. The cranes quite took my breath away. I am also involved in various projects around the country, from Manchester to Sheffield, and even further afield. It seems to be all systems go.
There used to be some alternative barometers that were supposed to show the economic health of a nation. One was the price of a mars bar. Another was the price of a cup of coffee in Grand Central Station related to similar prices in other countries. I also remember the Crane Index. The number of cranes on the skyline is a great indicator of a country in expansion mode, and that country is the UK.
I still maintain the biggest problem with the UK is the weather. I shan't be back, but I cant think of a better place for my investments at the moment. I remember Billy Connelly in an interview on his return from Australia telling us his son complained: "Daddy, why is the sky so low?" I know just what he meant.

Subscribe to our email alerts on the housing markets both in the UK and abroad.

HTML Comment Box is loading comments...

Disclaimer     Privacy Policy