Chat to a team member

CORONAVIRUS: The health and safety of our customers and partners is our priority UPDATE

Blog

Business as usual as absurd Brexit drama continues

Jonathan Samuels Jonathan Samuels
Posted on Mar 22, 2019 | in Blog

“Would it save you a lot of time if I just gave up and went mad now?”

These immortal words from the Hitchhiker’s Guide to the Galaxy seem fitting as we approach the end of a month of unprecedented political mayhem and, most would agree, ineptitude.

It’s pointless even highlighting some of the major facts of the past fortnight because they will almost certainly pass into the realm of fiction before you know it, as events speed off in another direction.

The irony is that despite all the madness, the economy is in pretty good shape, businesses are still doing business, investors are investing and lenders are lending (well we are anyway). And according to the latest retail data published yesterday, which saw sales rise 0.4% on the previous month, people appear to still be shopping.

In short, while the country’s MPs act out an absurd political drama, for the rest of us it’s business as usual.

The property market seems to agree. In February residential property sales were up by 2.7%, a figure that cheered estate agents nationally. And while the market on the whole is meandering and flat as people wait and see, it’s by no means collapsing.

Some areas, in fact, are doing exceptionally well despite the shenanigans in Westminster, showing that local market forces have the potential to trump macro-economic events.

By way of example, Government data out this week showed that the abolition of the Severn Bridge tolls has had a hugely positive impact on prices in south east Wales.

Now that whizzing across the bridge is free, a lot of people who would traditionally have purchased in Bristol and surrounds are now looking across the estuary into Wales where your money goes a lot further.

Developments like this are encouraging as they show that, even as the political system implodes, nothing fundamentally will change whatever happens in the days and weeks ahead — that life goes on.

To return to the the Hitchhiker’s Guide to the Galaxy: “For a moment, nothing happened. Then, after a second or so, nothing continued to happen.”

More in this section

Redemptions milestone amid pandemic my proudest moment yet

Jan 15, 2021 | Blog

Over the years the team here at Octane has achieved many great…

Matt Smith
Matt
READ MORE

Well, that was one hell of a year, wasn’t it?

Dec 18, 2020 | Blog

2020, everyone will admit, has been a year unlike any other. …

Mark Posniak
Mark
READ MORE

Strength of specialist lending sector shines through during 2020

Nov 30, 2020 | Blog

Technically, the silly season starts tomorrow, the first day…

Mark Posniak
Mark
READ MORE
Sections
Archive
Twitter
Follow us @octanecapital

1 month, 1 week ago
Cant stop laughing at this!!! https://t.co/qdObP94zF6

11 months, 1 week ago
RT @mposniak: @OctaneCapital #3rdGen CEO Jonathan Samuels speaking style #TSLE2020about the risks of Dual Rep - especially for Co… https://t.co/iicz42Yboh

11 months, 1 week ago
RT @mposniak: So never posted anything yesterday as I was travelling (a day late due to Storm Ciara I might add!!) Delighted to… https://t.co/nNP977c8IK

11 months, 1 week ago
RT @mposniak: Another completion this time to make up for the lost day yesterday... Lovely £1.25m @OctaneCapital #3rdGen… https://t.co/r3ESjSiysv

11 months, 1 week ago
RT @mposniak: Last one to talk about today but its a special one.... Delighted to complete a lovely @OctaneCapital #3rdGen… https://t.co/LQEJw9uBUw

11 months, 1 week ago
RT @mposniak: Qualification for the 3rd Annual #OctaneCapitalCup in now open!!! Contact your BDM for more info on how to qualify… https://t.co/BmyjR2qLGF