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If a political party was voted in that had managed to create as much of a **** up as we are currently in
Er......have I missed something important?
Ongoing operating costs are now lower at Nissan than they where.
Kimbers Nissan aren't calling the shots, it was easy for the Government to offer them a potentially (most likely ?) free/cheap forward promise effective 2019 onwards to encourage them to build Qahquai's here. PR win. Apple increases prices more than the fx moves - up to them. We get 20% more VAT per sale, whether they can maintain volume we will see. Apple's sales volumes aren't a prime concern to UK Govt.
All the data is far more positive than the doom and gloom of Remain/IMF which had immediate armageddon. As the months progress focus will move to European elections and the eurozone in particular
All the data is far more positive than the doom and gloom of Remain/IMF which had immediate armageddon.
You do know we haven't actually left yet?
The timing is crucial for all UK & EU as the interesting thing to look at is the next European elections in the eurozone. Let's see how many of the current leaders will remain in power.milleboy - Member
You do know we haven't actually left yet?
Kimbers Nissan aren't calling the shots
[b]Oi, Clark get your butt over to Tokyo and tell us what you and your colleagues are going to do to compensate us for this Brexshit nonsense.[/b]
[i]Right away Sir.....[/i]
[b]Done...you have been [/b]
Jamba - given you reckon the UK is in a strong selling position, should I be selling the Singular Gryphon (that I've just chucked on the classifieds) into the international market?
Advice please.
Don't ban me mods - please.
big_n_daft - Member
"I had dealings this week with our firms American directors (sales of 99.7 billion £ last year) and they were at a loss as to why as a small trading nation we were so stupid to think we could "go it alone" in a global market."
How much UK corporation tax does this multinational pay p.a.?
Sorry for the delay but my wife in hospital seemed more important, checked our UK.ltd part of the company and in the accounts submitted a couple of months ago it was just over £4.4million
I have no idea if that's much in the scheme of things?
Sorry for the delay but my wife in hospital seemed more important,
It is, I hope she gets well soon
checked our UK.ltd part of the company and in the accounts submitted a couple of months ago it was just over £4.4million
What is the UK turnover?
The timing is crucial for all UK & EU as the interesting thing to look at is the next European elections in the eurozone. Let's see how many of the current leaders will remain in power.
Hollande isn't, the only politicians with any certainty are the Eurocrats as they don't have a conventional electorate
big_n_daft - MemberIt is, I hope she gets well soon
What is the UK turnover?
Sadly she won't get better SPMS
£144million rounded down
All the data is worse than was predicted had we voted to remain.
Why oh why oh why won't these companies just operate at a loss and protect us from the effects of our vote?
As long as the current "big" leaders are all gone then the pillars supporting the Eurocrats will become rather wobbly, so let's see how long these Eurocrats can hang to those wobbling pillars.big_n_daft - Member
The timing is crucial for all UK & EU as the interesting thing to look at is the next European elections in the eurozone. Let's see how many of the current leaders will remain in power.
Hollande isn't, the only politicians with any certainty are the Eurocrats as they don't have a conventional electorate
I continue to find it remarkable that the Brexiteers believe that we are in charge of our destiny? Our government has just been dictated terms by a car manufacturer! Theresa and the team may have lied through their teeth to Nissan and promised single market customs union compliance but THEY WILL HAVE TO TAKE IT UP THE **** as they had NO choice but cave in - its called the grim reality of staying solvent, this is the future folks you had better get used to it and the only way this economy will survive (prosper is not on the radar) is by giving in to all (manufacturers and the EU) and removing all "restrictive practice " employment laws and deregulate the powers that be completely. The Futures bright poor people enjoy - lots of piss poor people voted for this with NO understanding of the implications- lots of rich people voted for this with absolute understanding of the opportunity. Never has the poor of this country been so spectacularly stitched up.
Why oh why oh why won't these companies just operate at a loss and protect us from the effects of our vote?
not the point, it is whether they are offshoring UK profits to pay less tax a la Starbucks, Amazon, Apple, Facebook etc
I'm surprised there isn't more activism around the issue, customer pressure can do things governments can't
Sadly she won't get better SPMS
That is sad news
[url= https://www.google.com/amp/business.financialpost.com/news/economy/bank-of-englands-carney-prepares-his-own-brexit/amp?client=ms-android-google ]The only adult in the room on his way out?[/url]
Just for interest, from the BBC
In a pamphlet published in 2007 Mrs May, who as a Conservative MP was then in opposition, argued it should be "impossible to override" Parliament.
She said "ministers should have to set out their negotiating positions" to a Commons committee "and gain its approval" before talks were held with the EU.
Ministers who failed to do so should resign, she said.
I saw that. Tucking outrageous, isn't it?
Equally outrageous is the fact my MS Surface does not have swear words in its keyboard autocorrect dictionary so changes them.
The EU stood up against Microsoft. Just saying.
Sorry to hear that MrOvershoot, there's perspective if anyone needed it 🙁
Kimbers that article is just saying that Carney is deciding to probably not change his mind. The headline bears no reality to the article.
New head of BOE could be Jacobs rees mogg the man who would vote for Trump and thinks ukip and the Tories should merge....
THM, I just liked the description of him being the only adult in the room 🙂
This is more suggestive of him leaving
Jacob Rees-Mogg?
Definitely a man of the people and someone I'm sure who'll ensure that anyone who voted leave and is poor will live to regret it.
He has a degree in history so he would seem to be a good fit for the position of top banker in the UK
Whoever we get they have to be highly competent in economics, well connected, liked by all and know to be politically neutral
THM are you available?
The press conferences alone will be brilliant
That will be Rees Mogg then
Economics - wants to raise interest rates to 2.5 %
Connected - went to private school
Liked by all right wingers
Politically slightly right of fascist
Putting him in the BOE removes the last control mechanism this govt has.
Nah Mogg is far too right wing, and the BOE is independent,
A replacement for Carney would have to be outward looking and pro Europe or the markets would shit the bed!
May has already shown how desperate she is to appease 'business' hinkley-point-c, Heathrow, Nissan have all shown that shes terrified of spooking foreign investment and trade.
An economist with an international rep would be best in that regard, trouble is the Brexiteers well only attack them again for not telling them what they want to hear. And if they are foreign well that'll be even worse, Canadian or American is OK but could you imagine the mail/sun/telegraph etc losing the plot over a German or French replacement 😆
It wouldn't surprise me in the least if he left at the earliest opportunity.
I like Carney and I like his approach. I am less convinced about his policy - monetary policy alone is ineffective, it is impotent when economic agents are deleveraging and the massive and deliberate mispricing of risk and theft from savers is a grave error that will come unstuck most likely in a disorderly process. That aside.... 😉
But May - you know, the ultra-right winger, and advocate of free markets, no really - was wrong in her recent manner of attack (although correct that QE leads to wider income inequality) and if I was him, I would be tempted to say FU. I've done my job, if you are going to give me shit, you can sort out Brexshit yourselves.
All the data is worse than was predicted had we voted to remain
I don't agree 😉
GDP yes a dip but nothing like the Armageddon predicted by Remainers
Manufacturing - better
Services - better, in fact a record
Employment - better
Manufacturing and Services have benefitted from the fall in £ so the increase is due to Brexit
@big_n_daft yes agreed on a consumer campaign, the token amount paid by Starbucks and Facebook to deflect critism is woefully inadequate
Carney like Osbourne and Cameron was rather too closely associated with the discredited Armageddon of Project Fear. His credibility has been materially weakened.
Couple of (campaign type) pieces put out by Change Britain and others on benefits of Hard Brexit
14 nations publically stated they would like a trade deal (Australia, Canada, China, Brazil, Argentina ...) who have combined GDP double that of countries EU has trade deals with (EU does deals with smal places as with 28 members they struggle to get agreement on larger deals)
Customs Union has pros and cons, we may be better out of it (NI issue is solvable)
Passporting for City is a red herring, unused by many organisations who would benefit more from regulation changes and ability to more easily trade globally. Even those that do use it the question is to what degree and should they pay the costs ?
Jamba - it may have escaped your notice but we haven't left yet. This is just the beginnings of the damage and already its cost the UK huglly
NI issue is solvable - how?
New head of BOE could be Jacobs rees mogg the man who would vote for Trump and thinks ukip and the Tories should merge....
Journalists love the word [b]could[/b]. I coukd score the winning goal in the Cup Final. I could win the lottery. One is more likely than the other, neither is at all likely
Manufacturing and Services have benefitted from the fall in £ so the increase is due to Brexit
Lets see...
ONSThis is the first release of GDP covering a full quarter of data following the EU referendum. The pattern of growth continues to be broadly unaffected following the EU referendum with a strong performance in the services industries [b]offsetting[/b] falls in other industrial groups. In Quarter 3 2016, the services industries increased by 0.8%.[b] In contrast, output decreased in the other 3 main industrial groups with construction decreasing by 1.4%, agriculture decreasing by 0.7% and production decreasing by 0.4%, within which manufacturing decreased by 1.0%.[/b]
Lets stick to facts.
Passporting for City is a red herring, unused by many organisations
Feel free to reconsider this point. Alternatively explain how "equivalence' is a superior model. If the latter is the case why were no banks lobbying for it?
Journalists love the word [b]could[/b].
Is it the same as things [b]could[/b] improve in the UK after Brexit? 😆
Leaving will be a huge net gain imo. The GDP dip is people just taking a breath to see where things go. Manufacturing and Services is a real pickup due to weaker £ and maybe some Brexit re-org scenario projects
NI it's not beyond the wit of man or woman to work out how the licence trade between NI and Ireland if we leave the Customs Union. A solution for open borders in terms of people has already been discussed. These are small issues in grander scheme of Brexit and easily solved.
As new DUP head says Brexit will not derail the peace process and it will work for NI. All this and she campaigned for Remain
we know what you think the problem is what you think has no basis in reality and is not supported by any non politically motivated analysisLeaving will be a huge net gain imo.
It wont be supported by reality either
It would be far better if you just said it[economic impact] was a price worth paying from freedom..perhaps you could deliver it in French from Paris for added impact 😉
As new DUP head says Brexit will not derail the peace process and it will work for NI. All this and she campaigned for Remain
No she didn't.
What is your solution for NI / Ireland then? We have had open borders between the UK anbd Ireland for years. NOw we willneed a hard border. How can you square this jamba?
Manufacturing - better
...
Manufacturing and Services have benefitted from the fall in £
...
Manufacturing and Services is a real pickup due to weaker £
How do you reconcile that with the fact that, despite these favourable conditions, manufacturing has apparently [b]fallen[/b] in the last quarter?
Who bothers to check what he says these days when he says something i just assume its untrue and this rule of thumb is almost always correct
FIRST Minister Arlene Foster has joined Northern Ireland secretary Theresa Villiers in backing an exit from the European Union.The DUP leader said her party remains Eurosceptic and would recommend a vote to leave the EU in the historic referendum on June 23.
Yes she did fin25, I listened to the whole interview she gave. She also said she would
not support people campaiging to reverse the Referendum decision. It's done and time
to get on with implementing it she said
No, she didn't.
I don't agree
Yes, because you've ignored the data and posted a long list of hyperbole. Half of which is fundamentally untrue 😆
well given you claimed she was a remainer can you forgive us for not trusting your recollection of the actuality- unfortunately you always seem to get things wrong ,no matter how simple they are, so no one believes your opinionI listened to the whole interview she gave
Get a transcript will you and lets see what the facts actually say
Leaving will be a huge net gain imo.
Or, to put it another way, leaving could be a huge net gain. Like I could score the winning goal in a cup final or I could win the lottery.
Can't believe you've got the front to claim a win because the outcome from Brexit hasn't been as terrible as predicted. Actually, on reflection I can.
Can't believe you've got the front to claim a win because the outcome from Brexit hasn't been as terrible as predicted. Actually, on reflection I can.
so the project fear 😉 estimates reckoned -0.5% growth
instead we saw growth reducing from 0.7% to 0.5%
interest rates were cut to 0.25%
60bn? of QE- is that effectively added to our national debt?
how much of these efforts by the BoE have prevented project fear 😉 becoming reality?
ultiamtely just the vote has -vely affected the economy
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[i]14 nations publically stated they would like a trade deal (Australia, Canada, China, Brazil, Argentina ...) who have combined GDP double that of countries EU has trade deals with (EU does deals with smal places as with 28 members they struggle to get agreement on larger deals)[/I]
Canada you say, we've already got a trade deal with them 🙂
So we're potentially gaining deals subject to nevotiation with 14 countries we don't deal with very much and are a long way away vs losing 27 countries we already deal with a lot and are really close. And with whom out businesses are already closely integrated.
14 nations publically stated they would like a trade deal (Australia, Canada, China, Brazil, Argentina ...) who have combined GDP double that of countries EU has trade deals with (EU does deals with smal places as with 28 members they struggle to get agreement on larger deals)
and Australia won't talk until Brexit is finalised, so at least 2 years until negotiations start and how many after that? 5? until an agreement is reached.
Nobody is disputing the fact that lots of countries want to sign trade deals.
But how long are they going to take and on what terms?
Jamba - when you're talking about how good it all is, what figures are you using? I haven't looked today but about 3 days ago when the growth figures came out I did check and contrary to your opinion, I found
No recession, but every commentator sounding nervous, inflation coming, personal debt at an all time high I believe, manufacturing down, construction down, agriculture down (was anything other than services, which might repeat might be most hit by non-EU trade deals, up?) and growth already slowing.
Not sure I want a Squshqi...
Cant wait till we get signed up with the US Of A and I'm driving my new trans am without any of that treasure island pricing the Evil Union foisted upon us for our Audis und Bimmers.
I Suppose it'll have to be an Aussie Holden though as no doubt there'll be a premium on a US RHD..
(Assuming pound doesn't crash spectacularly when we sign out real )
I Suppose it'll have to be an Aussie Holden though as no doubt there'll be a premium on a US RHD..
Holden are not made in Australia anymore, I assume you want the bogan one with the extra loud pedal and no traction...
(Assuming pound doesn't crash spectacularly when we sign for real )
It will probably have to recover better for that to happen.
Assuming pound doesn't crash spectacularly when we sign out real
The question is how low can we go??
Heathrow & Nissan led to a small rally but NI court bid failure soon saw it tanking again .
The pound exceeds even the most negative expectations every time a brexiter gives a speech, did anyone think it'd be this low already? If Carney quits this week could we see parity with the dollar? Certainly the Euro strong on the back of CETA.
WTF knows how low it'll be by the time we trigger A50, will it have sunk so much that it just doesn't have any further to go?
We are now like the ugly bloke at the disco who feels really lucky to get off with anyone or anything.
Hopefully the exchange rate trickles through to basic costs and swings public opinion before May does something stupid.
And the Brexiters are all desperate no one admit that the economy is going to take a hit 🙄
They don't want the public to realise what economic pain Brexit will bring until it's too late
They are very busy briefing against Hammond...
May really needs to try and assert some discipline, it seems that leaking to the Sunday papers is the way to force policy if you're a europhobic minister.
kimbers the Torygraph is the Brexshit Broadsheet
there is nothing new in the crap that they are publishing - leaks and briefings are part of the game, as bad as that is
Genuinely, what's to our advantage in having free trade agreements with Australia, etc etc. Our farmers won't be able to compete on produce (Australian meat etc) so that's them nailed. What's the minimum / living wage etc in Brazil/Argentina - how do we compete with that? How do we prevent ourselves from having to drown in as much cheap Chinese steel as they can ship here (not good for Port Talbot just down the road from here) as I suspect that those won't be considerations in the rush to do any old trade deal for the face-saving sake of the Brexopaths.
The prime minister of pretences...
Genuinely, what's to our advantage in having free trade agreements with Australia, etc etc. Our farmers won't be able to compete on produce (Australian meat etc) so that's them nailed.
Meat etc isn't that high on the list, Australia & EU are already persuing a free trade agreement so will be at least 3 years ahead of the UK. For stuff like lamb it's mostly the seasonal stuff like NZ that would be the export, everything else from this end will get sucked up into Asia at the moment.
The big gains for Oz would be Wine probably, for the UK depends whats left, pharma is a huge export market but as the charts show UK/Oz is way below places like Germany.
In general free trade is good, but it's not just opening it all up, most deals are structured to reduce quotas and tariffs over time (10-20 years in some cases) to allow for the natural changes.
In realistic terms why is the UK a good place for steel making when all of the raw ingredients are imported. Would it not be better to work with the countries producing the Ore to make better steel products there then import whats needed? In the short term not good for places like Port Talbot but what could you do with the investments and subsidy cash instead to make the area better in the long term.
Nipper99, my take on free trade agreements, who needs it more Brexit Britain or the rest of the world. I may be overly pessimistic but the best way to get an agreement. Wait, let the UK stew and when desperation sets in then offer something. Obviously on the terms that suit them.
In the case of the US or China, or even the EU, the UK is by far the smaller party and really won't have a huge amount of influence over the agreement.
But any agreement means the Brexiters can claim victory. After all the UK did so well out of the agreement with the US after the second world war that saw virtually every technology given away.
I just can't see that there will be a deal
Unless May wants to go for a Norway option, with payments and some freedom of movement.
It won't satisfy the 'kippers or the tabloids, especially not feasible in the time they have.
So WTO and a whole lot of pain it is then
Have jamby and redwood ever been seen in the same room?"The real argument is that the Chancellor may face wacky figures that could lead him to spend less or think about future tax rises. It could lead him to think about a punishment Budget."It would be wrong because the forecasts are clearly going to be wrong.
Faith is a fascinating thing to behold,baseless but fascinating.
So if say China demands visa free travel / freedom of movement we'll suck it up.
Not really sure why I keep referring to 'we' as I sadly don't feel we are a we anymore so that should be the Brexiteer's will agree it and inflict it on the rest of us.
Does anyone know anyone in say Germany, Sweden etc that would like to adopt a housetrained nearly middle-aged solicitor and his cat.
Manufacturing - better
More lies from Jamba
Manufacturing was down you big fibber.
So if say China demands visa free travel / freedom of movement we'll suck it up.
If China represented 50% of our trade then probably 😉
Leave said there would be a bump in the road in the event of Brexit but it would be nothing like the Armageddon predicted by the Remainers. That seems to be pretty much the case.
IGM et all - in the latest stats the economy GREW. The rate of growth slowed but it grew.
Kimbers, FX and other markets are already pricing in a lot of uncertainty, £/$ could well rise substantially whatever deal is struck including no deal and a hard Brexit. What happens to the $ if Trumpnwins ? Or Hillary wins and the FBI investigation moves to an indictment / impeachment. Then we have the eurozone/Greek crises. It would be a very brave man to make too many predictions.
It's clear A50 will be triggered by end March. That's old news as far as the markets are concerned. When it's triggered nothing much is going to happen, we will still be in the EU. I am aure we'll have a crescendo of moaing from Remainers but that's hardly news either.
Jamba - this is merely the ripples - the flood is yet to come
WE HAVE NOT LEFT YET, WE HAVE NOT EVEN STARTED THE PROCESS
Yet already the damage is huge.
Leave said there would be a bump in the road in the event of Brexit but it would be nothing like the Armageddon predicted by the Remainers. That seems to be pretty much the case.
So to clarify is this a bump? I'm assuming this means we can expect the same when Brexit happens (or at least when the A50 terms are read out - not sure if a Paul Merton & Ian Hislop double act would do it justice 😉 )
It would be a very brave man to make too many predictions.
I'll be brave, if any of those things happen it will hit those with an already weakened economy worse.
Leave said there would be a bump in the road in the event of Brexit but it would be nothing like the Armageddon predicted by the Remainers. That seems to be pretty much the case.
The forecasts by just about everyone but the brexy-zealots were based on an immediate triggering of A50 - which is now looking doubtful for March due to the court cases and appeals.
IGM et all - in the latest stats the economy GREW. The rate of growth slowed but it grew.
Reference please. Overall 0.5% growth but only services actually grew. You claimed manufacturing grew - it didn't. Please confirm your source. (I think you said you helped people invest pension money - hope you use better data when you do that)
In 100 years time it will be Brexiters not Guy Fawkes on the bonfire each year. Just thought I'd go for a topical reference.
On the plus side I'm taking advantage of the great prices at Rapha and Morvelo at the moment 😉 while the pound flounders
See some good news, thank you all for your suffering now back t'mill and don't steal any coal.
As in bump.
in the latest stats the economy GREW. The rate of growth slowed but it grew.
So you think that's it then, it's all done and dusted? No more problems to come?
Also, Jamba...
No, she did not...
No Molgrips, scope for more pain from many sources from Brexit specifc to a eurozone collapse. Absolutely no doubt in my mind the future is brighter out than in.
Manufacturing more volatile, prior qtr looks like an outlier, pretty steady (wonder how Tata steel plant is reflected?). Service growth more steady. Struggling to see a Brexit related Armageddon here
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Jamba can you read? We have not even started the process to leave yet and despite what you attempt to claim all the news so far is really bad - and its only the very start.
@fin25 well I listened to the interview and I posted what I took from it. A collapse in the NI Accord due to Brexit is just another thing to add to the list of Project Fear which will be proven to be nonsense
The doom and gloomers here want to see bad news everywhere. However reality is simply not willing to play ball.
Best predicted growth of the G7
TJ the fact we are leaving is all priced in. The process is just that, nothing is going to be worse in April 2017 than it is today in terms of our relationship with the EU. You are pathologically determined to see bad news so you can say "told you so" and an excuse for another Scotish Referendum.
The EU is a corrupt and failed political and economic project. We are far far better off out than in