BANK of England governor Mark Carney has warned a "no deal" Brexit outcome could mean house prices in the UK tumble. But are Carney’s doom and gloom predictions likely or is this just another example of Project Fear in action? Will a 'no-deal' Brexit impact house prices? Mark Carney, 53, met with senior ministers on September 13 to discuss the possible outcomes of the UK leaving the European Union without an agreement with Brussels. It was widely reported he painted a bleak outcome in the three-and-a-half-hour meeting. He allegedly said house prices could plummet by as much as 35 per cent over three years, mortgage rates could spiral upwards, the pound could fall along with inflation and many homeowners were at risk of being in negative equity. Both the Home Secretary Sajid Javid and Matt Hancock, the Health Secretary, ripped into Carney for his pessimistic overview. The Bank of England had previously warned house prices could drop in its annual “stress test” which it … [Read more...] about Will a ‘no-deal’ Brexit impact house prices and could it cause them to drop if we leave the EU?
Hungary has received the backing of its anti-mass migration allies in Poland and the Czech Republic following a vote of censure in the European Parliament, which the Central European country’s foreign minister has denounced as “petty revenge”. “Today’s [European Parliament] decision is the petty revenge of pro-migration politicians,” declared Péter Szijjártó.The Hungarian suggested that the EU establishment was seeking to make an example of Hungary, which was subject to an Article 7 vote, which could see the country stripped of its voting rights. This is because Viktor Orbán’s government “proved that there is no need for migration and migration can be stopped” and this angered pro-migration politicians, in Szijjártó’s estimation. “The decision [to censure Hungary] is yet more proof that there is a pro-migration majority within the [European Parliament]. We already knew this, but today … [Read more...] about Hungary: EU Sanctions Vote is ‘Petty Revenge’ for Proving Migration Can Be Stopped
BUDAPEST (Reuters) - Hungary's government will decide on Monday on legal steps it plans to take to challenge a European parliament ruling against the country for flouting democratic standards, Prime Minister Viktor Orban said on Friday. Orban told state radio that he expected a "serious legal debate" about the decision. The European Parliament voted on Wednesday to sanction Hungary for flouting EU rules on democracy, civil rights and corruption. (Reporting by Krisztina Than) … [Read more...] about Hungary to take legal steps against critical EU ruling
Fraser Nelson Follow 13 September 2018 • 9:30pm By now, even the most ardent Brexiteer would have to admit that Michel Barnier is doing rather well. His job is not just to negotiate a deal but to make the whole Brexit process look so agonising that no other country would want to go through it. So far, so good: there is no clamour to join Britain in the queue for the exit. There is no shortage of European political parties who resent Brussels and its immigration policy, but they wish to stay in the EU and reform it. Two years ago, that might have sounded hopelessly naïve. Less so now. It’s hard to keep pace with the changes on the continent. Not so long ago the Eurosceptic populists were seen as headbangers, howling outside the gates of the... To continue reading this article Start your free trial of Premium Access all Premium articles Subscriber-only events Cancel any time Free for 30 days then only £2 per week … [Read more...] about Europe’s populists don’t want to leave the EU. The real danger for Brussels is that they want to stay
PRAGUE (Reuters) - The Czech government stands behind Hungary's Prime Minister Viktor Orban after a European Parliament vote to sanction the country for flouting EU rules, Czech Prime Minister Andrej Babis said on Thursday. The vote on Thursday was the parliament's bid to launch the punitive process of the European Union treaty's Article 7, although the vote has little chance of ending up with the ultimate penalty of Hungary being suspended from voting in the EU. "This nonsense just ushers in negative sentiment into the European Union," Babis told online news website Parlamentni Listy when asked on the vote. "Instead of getting together, there is politics." "So, I stand behind (Prime Minister) Orban. We are allies," he said. The Czech Republic is part of the Visegrad group of countries that includes Slovakia, Hungary and Poland, the latter also facing a similar sanctions procedure launched by the executive European Commission in 2017. (Reporting by Jason Hovet and Robert Muller; … [Read more...] about Czech PM says he stands behind Hungary after EU parliament vote