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.