Brexit - Post Match Reaction

[badgerx16]

Look, if you only take the negative impacts of brexit and none of the positives, of course it looks bad. But that's not a realistic or sensible position to take.

 

Similarly, if you only promote the 'positives' and brush the 'negatives' under the carpet.

[badgerx16]

Look, if you only take the negative impacts of brexit and none of the positives, of course it looks bad. But that's not a realistic or sensible position to take.

 

Similarly, if you only promote the 'positives' and brush the 'negatives' under the carpet.

[Johnny Bognor]

Similarly, if you only promote the 'positives' and brush the 'negatives' under the carpet.

 

In my worked example I included import and export tarriffs along with the negative impact of currency movements. . So on balance I am far more impartial. ... in fact my example was skewed in favour of remains position ... I can't help it if the net effect is stil zero LOL

Edited 23 October, 2016 by Johnny Bognor

[Johnny Bognor]

Similarly, if you only promote the 'positives' and brush the 'negatives' under the carpet.

 

In my worked example I included import and export tarriffs along with the negative impact of currency movements. . So on balance I am far more impartial. ... in fact my example was skewed in favour of remains position ... I can't help it if the net effect is stil zero LOL

Edited 23 October, 2016 by Johnny Bognor

[buctootim]

In my worked example I included import and export tarriffs along with the negative impact of currency movements. . So on balance I am far more impartial. ... in fact my example was skewed in favour of remains position ... I can't help it if the net effect is stil zero LOL

 

You literally don't understand what you're talking about. Apposite really. You're convinced you know better than the car industry.

 

https://www.ft.com/content/c397f174-9205-11e6-a72e-b428cb934b78

http://www.independent.co.uk/news/business/news/brexit-latest-tariffs-on-uk-car-exports-to-europe-would-be-disastrous-for-jobs-says-jaguar-land-a7334991.html

http://www.supplychainonline.co.uk/article/uk-auto-industry-raises-concerns-over-post-brexit-supply-chain-tariffs/

http://www.bbc.co.uk/news/business-36628918

 

"Before the new Bentley SUV purrs away from the showroom, its bumper will have already travelled 2,200 miles, crossing the English Channel three times. The luxury carmaker is owned by Volkswagen but based in Crewe in northern England, where VW invested heavily to upgrade a factory that dates from the second world war. But while the final assembly of each Bentley remains in Britain, the components that make up the cars are drawn from across the world and often zigzag back and forth between factories in the UK and the continent before arriving at Crewe.

 

That leaves Bentley’s supply chain, in common with that of almost every other car manufacturer in Britain, at risk of being hit by tariffs if Britain leaves the European single market. Bumpers for some Bentley Bentaygas, for example, are made in Europe but then sent to Crewe for inspection before then going to Germany for specialist painting. After that, they return to the UK for final assembly. Another example of the interconnectedness of the supply chain is a fuel injector for diesel lorries manufactured by the US component maker Delphi. This part uses steel from Europe which is machined in the UK before going to Germany for special heat treatment. The injector is then assembled at Delphi’s UK plant in Stonehouse, Gloucestershire, before being sold on to truckmakers based in Sweden, France or Germany. If the resulting truck is sold into the UK market, the component or materials used in it will have crossed the Channel five times before the lorry is ever driven by the customer. If tariffs are applied at each stage, the cost could be substantial.

 

Suppliers to the UK car industry have warned that just the uncertainty over future trade agreements may force them to relocate parts of their manufacturing process overseas. “If you have any tariffs, you would have to fundamentally look at your whole supply chain because you could quickly end up losing your margin on the component,” said Tim Lawrence, head of manufacturing at PA Consulting. The UK car industry supports 169,000 manufacturing jobs, of which 78,000 are in supply chain companies, according to the trade body SMMT.

 

Some 18 of the world’s 20 largest parts groups have operations in the UK, including Bosch, Continental, Magna and Delphi. Two-thirds of the £4bn of motor components that are exported from the UK go to the EU, while the vast majority of materials that go into British-built cars are imported. If we faced tariffs, we would need to make the supply chain shorter and more integrated, or would need to take the assembly out of the UK. Supplier Consultancy Vendigital estimates that, of the £15bn-worth of materials used in UK cars, some £12bn comes from overseas."

Edited 23 October, 2016 by buctootim

[buctootim]

In my worked example I included import and export tarriffs along with the negative impact of currency movements. . So on balance I am far more impartial. ... in fact my example was skewed in favour of remains position ... I can't help it if the net effect is stil zero LOL

 

You literally don't understand what you're talking about. Apposite really. You're convinced you know better than the car industry.

 

https://www.ft.com/content/c397f174-9205-11e6-a72e-b428cb934b78

http://www.independent.co.uk/news/business/news/brexit-latest-tariffs-on-uk-car-exports-to-europe-would-be-disastrous-for-jobs-says-jaguar-land-a7334991.html

http://www.supplychainonline.co.uk/article/uk-auto-industry-raises-concerns-over-post-brexit-supply-chain-tariffs/

http://www.bbc.co.uk/news/business-36628918

 

"Before the new Bentley SUV purrs away from the showroom, its bumper will have already travelled 2,200 miles, crossing the English Channel three times. The luxury carmaker is owned by Volkswagen but based in Crewe in northern England, where VW invested heavily to upgrade a factory that dates from the second world war. But while the final assembly of each Bentley remains in Britain, the components that make up the cars are drawn from across the world and often zigzag back and forth between factories in the UK and the continent before arriving at Crewe.

 

That leaves Bentley’s supply chain, in common with that of almost every other car manufacturer in Britain, at risk of being hit by tariffs if Britain leaves the European single market. Bumpers for some Bentley Bentaygas, for example, are made in Europe but then sent to Crewe for inspection before then going to Germany for specialist painting. After that, they return to the UK for final assembly. Another example of the interconnectedness of the supply chain is a fuel injector for diesel lorries manufactured by the US component maker Delphi. This part uses steel from Europe which is machined in the UK before going to Germany for special heat treatment. The injector is then assembled at Delphi’s UK plant in Stonehouse, Gloucestershire, before being sold on to truckmakers based in Sweden, France or Germany. If the resulting truck is sold into the UK market, the component or materials used in it will have crossed the Channel five times before the lorry is ever driven by the customer. If tariffs are applied at each stage, the cost could be substantial.

 

Suppliers to the UK car industry have warned that just the uncertainty over future trade agreements may force them to relocate parts of their manufacturing process overseas. “If you have any tariffs, you would have to fundamentally look at your whole supply chain because you could quickly end up losing your margin on the component,” said Tim Lawrence, head of manufacturing at PA Consulting. The UK car industry supports 169,000 manufacturing jobs, of which 78,000 are in supply chain companies, according to the trade body SMMT.

 

Some 18 of the world’s 20 largest parts groups have operations in the UK, including Bosch, Continental, Magna and Delphi. Two-thirds of the £4bn of motor components that are exported from the UK go to the EU, while the vast majority of materials that go into British-built cars are imported. If we faced tariffs, we would need to make the supply chain shorter and more integrated, or would need to take the assembly out of the UK. Supplier Consultancy Vendigital estimates that, of the £15bn-worth of materials used in UK cars, some £12bn comes from overseas."

Edited 23 October, 2016 by buctootim

[Johnny Bognor]

You literally don't understand what you're talking about. Apposite really. You're convinced you know better than the car industry.

 

https://www.ft.com/content/c397f174-9205-11e6-a72e-b428cb934b78

http://www.independent.co.uk/news/business/news/brexit-latest-tariffs-on-uk-car-exports-to-europe-would-be-disastrous-for-jobs-says-jaguar-land-a7334991.html

http://www.supplychainonline.co.uk/article/uk-auto-industry-raises-concerns-over-post-brexit-supply-chain-tariffs/

http://www.bbc.co.uk/news/business-36628918

 

"Before the new Bentley SUV purrs away from the showroom, its bumper will have already travelled 2,200 miles, crossing the English Channel three times. The luxury carmaker is owned by Volkswagen but based in Crewe in northern England, where VW invested heavily to upgrade a factory that dates from the second world war. But while the final assembly of each Bentley remains in Britain, the components that make up the cars are drawn from across the world and often zigzag back and forth between factories in the UK and the continent before arriving at Crewe.

 

That leaves Bentley’s supply chain, in common with that of almost every other car manufacturer in Britain, at risk of being hit by tariffs if Britain leaves the European single market. Bumpers for some Bentley Bentaygas, for example, are made in Europe but then sent to Crewe for inspection before then going to Germany for specialist painting. After that, they return to the UK for final assembly. Another example of the interconnectedness of the supply chain is a fuel injector for diesel lorries manufactured by the US component maker Delphi. This part uses steel from Europe which is machined in the UK before going to Germany for special heat treatment. The injector is then assembled at Delphi’s UK plant in Stonehouse, Gloucestershire, before being sold on to truckmakers based in Sweden, France or Germany. If the resulting truck is sold into the UK market, the component or materials used in it will have crossed the Channel five times before the lorry is ever driven by the customer. If tariffs are applied at each stage, the cost could be substantial.

 

Suppliers to the UK car industry have warned that just the uncertainty over future trade agreements may force them to relocate parts of their manufacturing process overseas. “If you have any tariffs, you would have to fundamentally look at your whole supply chain because you could quickly end up losing your margin on the component,” said Tim Lawrence, head of manufacturing at PA Consulting. The UK car industry supports 169,000 manufacturing jobs, of which 78,000 are in supply chain companies, according to the trade body SMMT.

 

Some 18 of the world’s 20 largest parts groups have operations in the UK, including Bosch, Continental, Magna and Delphi. Two-thirds of the £4bn of motor components that are exported from the UK go to the EU, while the vast majority of materials that go into British-built cars are imported. If we faced tariffs, we would need to make the supply chain shorter and more integrated, or would need to take the assembly out of the UK. Supplier Consultancy Vendigital estimates that, of the £15bn-worth of materials used in UK cars, some £12bn comes from overseas."

I don't disagree with any of that. It still doesn't cover the FACT that there is more to the cost of making a car than the components. Labour, overhead etc are not imported.

 

Components make up for approx 50% of the eventual sale price of the car.

 

Take the Two-thirds of the components exported to the EU ... they are now 20% cheaper!!!

 

You're still not seeing the overall picture... some of the positives outweigh or offset some of the negatives.

Edited 23 October, 2016 by Johnny Bognor

[Johnny Bognor]

You literally don't understand what you're talking about. Apposite really. You're convinced you know better than the car industry.

 

https://www.ft.com/content/c397f174-9205-11e6-a72e-b428cb934b78

http://www.independent.co.uk/news/business/news/brexit-latest-tariffs-on-uk-car-exports-to-europe-would-be-disastrous-for-jobs-says-jaguar-land-a7334991.html

http://www.supplychainonline.co.uk/article/uk-auto-industry-raises-concerns-over-post-brexit-supply-chain-tariffs/

http://www.bbc.co.uk/news/business-36628918

 

"Before the new Bentley SUV purrs away from the showroom, its bumper will have already travelled 2,200 miles, crossing the English Channel three times. The luxury carmaker is owned by Volkswagen but based in Crewe in northern England, where VW invested heavily to upgrade a factory that dates from the second world war. But while the final assembly of each Bentley remains in Britain, the components that make up the cars are drawn from across the world and often zigzag back and forth between factories in the UK and the continent before arriving at Crewe.

 

That leaves Bentley’s supply chain, in common with that of almost every other car manufacturer in Britain, at risk of being hit by tariffs if Britain leaves the European single market. Bumpers for some Bentley Bentaygas, for example, are made in Europe but then sent to Crewe for inspection before then going to Germany for specialist painting. After that, they return to the UK for final assembly. Another example of the interconnectedness of the supply chain is a fuel injector for diesel lorries manufactured by the US component maker Delphi. This part uses steel from Europe which is machined in the UK before going to Germany for special heat treatment. The injector is then assembled at Delphi’s UK plant in Stonehouse, Gloucestershire, before being sold on to truckmakers based in Sweden, France or Germany. If the resulting truck is sold into the UK market, the component or materials used in it will have crossed the Channel five times before the lorry is ever driven by the customer. If tariffs are applied at each stage, the cost could be substantial.

 

Suppliers to the UK car industry have warned that just the uncertainty over future trade agreements may force them to relocate parts of their manufacturing process overseas. “If you have any tariffs, you would have to fundamentally look at your whole supply chain because you could quickly end up losing your margin on the component,” said Tim Lawrence, head of manufacturing at PA Consulting. The UK car industry supports 169,000 manufacturing jobs, of which 78,000 are in supply chain companies, according to the trade body SMMT.

 

Some 18 of the world’s 20 largest parts groups have operations in the UK, including Bosch, Continental, Magna and Delphi. Two-thirds of the £4bn of motor components that are exported from the UK go to the EU, while the vast majority of materials that go into British-built cars are imported. If we faced tariffs, we would need to make the supply chain shorter and more integrated, or would need to take the assembly out of the UK. Supplier Consultancy Vendigital estimates that, of the £15bn-worth of materials used in UK cars, some £12bn comes from overseas."

I don't disagree with any of that. It still doesn't cover the FACT that there is more to the cost of making a car than the components. Labour, overhead etc are not imported.

 

Components make up for approx 50% of the eventual sale price of the car.

 

Take the Two-thirds of the components exported to the EU ... they are now 20% cheaper!!!

 

You're still not seeing the overall picture... some of the positives outweigh or offset some of the negatives.

Edited 23 October, 2016 by Johnny Bognor

[badgerx16]

In my worked example I included import and export tarriffs along with the negative impact of currency movements. . So on balance I am far more impartial. ... in fact my example was skewed in favour of remains position ... I can't help it if the net effect is stil zero LOL

 

And, perhaps, it 'can't be helped' if banks relocate currency exchange operations to European HQs.

 

( LOL )

[badgerx16]

In my worked example I included import and export tarriffs along with the negative impact of currency movements. . So on balance I am far more impartial. ... in fact my example was skewed in favour of remains position ... I can't help it if the net effect is stil zero LOL

 

And, perhaps, it 'can't be helped' if banks relocate currency exchange operations to European HQs.

 

( LOL )

[Johnny Bognor]

And, perhaps, it 'can't be helped' if banks relocate currency exchange operations to European HQs.

 

( LOL )

 

And exporters will have a boost, because a 10% tariff wont offset the 20% reduction in our export prices, thanks to a weaker £

 

Our imbalanced economy will become more balanced. What we had was unsustainable. LOL

 

The cost of German and French cars will go through the roof, making British made cars more attractive LOL

 

I do accept some of the negatives, but remainers only see and highlight the negatives. Therefore, in the interests of balance, I highlight some of the positives.

 

Guess what, in some cases the negatives outweigh the positives. But in other cases, it's vice versa

Edited 23 October, 2016 by Johnny Bognor

[Johnny Bognor]

And, perhaps, it 'can't be helped' if banks relocate currency exchange operations to European HQs.

 

( LOL )

 

And exporters will have a boost, because a 10% tariff wont offset the 20% reduction in our export prices, thanks to a weaker £

 

Our imbalanced economy will become more balanced. What we had was unsustainable. LOL

 

The cost of German and French cars will go through the roof, making British made cars more attractive LOL

 

I do accept some of the negatives, but remainers only see and highlight the negatives. Therefore, in the interests of balance, I highlight some of the positives.

 

Guess what, in some cases the negatives outweigh the positives. But in other cases, it's vice versa

Edited 23 October, 2016 by Johnny Bognor

[badgerx16]

And exporters will have a boost, because a 10% tariff wont offset the 20% reduction in our export prices, thanks to a weaker £

 

How much of our economy is in exporting UK manufactured goods, especially those without imported components or materials ? What other areas of the economy will weaken along with the £ ?

 

Our imbalanced economy will become more balanced. What we had was unsustainable. LOL

 

How will we recover up to £65Bn in lost revenues when the banks relocate ?

 

The cost of German and French cars will go through the roof, making British made cars more attractive LOL

 

Which British made cars are potentially 'more attractive' than BMWs, AUDIs, or Mercs ?

[badgerx16]

And exporters will have a boost, because a 10% tariff wont offset the 20% reduction in our export prices, thanks to a weaker £

 

How much of our economy is in exporting UK manufactured goods, especially those without imported components or materials ? What other areas of the economy will weaken along with the £ ?

 

Our imbalanced economy will become more balanced. What we had was unsustainable. LOL

 

How will we recover up to £65Bn in lost revenues when the banks relocate ?

 

The cost of German and French cars will go through the roof, making British made cars more attractive LOL

 

Which British made cars are potentially 'more attractive' than BMWs, AUDIs, or Mercs ?

[Johnny Bognor]

How much of our economy is in exporting UK manufactured goods, especially those without imported components or materials ? What other areas of the economy will weaken along with the £ ?

 

 

 

How will we recover up to £65Bn in lost revenues when the banks relocate ?

 

 

 

Which British made cars are potentially 'more attractive' than BMWs, AUDIs, or Mercs ?

 

We export more than manufactured goods HTH

 

Are all the banks relocating??

 

Add 30% (20% on currency and a 10% tariff) to the cost of the French and German cars and they look a little less attractive than they do now ...

 

Sent from my SM-G920F using Tapatalk

[Johnny Bognor]

How much of our economy is in exporting UK manufactured goods, especially those without imported components or materials ? What other areas of the economy will weaken along with the £ ?

 

 

 

How will we recover up to £65Bn in lost revenues when the banks relocate ?

 

 

 

Which British made cars are potentially 'more attractive' than BMWs, AUDIs, or Mercs ?

 

We export more than manufactured goods HTH

 

Are all the banks relocating??

 

Add 30% (20% on currency and a 10% tariff) to the cost of the French and German cars and they look a little less attractive than they do now ...

 

Sent from my SM-G920F using Tapatalk

[badgerx16]

We export more than manufactured goods HTH

True, and we also export to more markets than the EU. That doesn't automatically mean Brexit makes everything better.

 

Are all the banks relocating??

Enough for one estimate to be that the exchequer will lose £65bn annually.

 

Add 30% (20% on currency and a 10% tariff) to the cost of the French and German cars and they look a little less attractive than they do now

 

Answer the question.

[badgerx16]

We export more than manufactured goods HTH

True, and we also export to more markets than the EU. That doesn't automatically mean Brexit makes everything better.

 

Are all the banks relocating??

Enough for one estimate to be that the exchequer will lose £65bn annually.

 

Add 30% (20% on currency and a 10% tariff) to the cost of the French and German cars and they look a little less attractive than they do now

 

Answer the question.

[Johnny Bognor]

True, and we also export to more markets than the EU. That doesn't automatically mean Brexit makes everything better.

 

I'm not saying it automatically makes things better, but it's not all bad (a position adopted by most remainers)

 

Enough for one estimate to be that the exchequer will lose £65bn annually.

 

Exports of financial services to the EU are around £22billion. Even if we lost 100% of exports to the EU, which we wont, i cannot for the life of me see how the exchequer could lose £65 billion.

 

As it happens, the ENTIRE tax take from financial services is £65 billion (http://researchbriefings.files.parliament.uk/documents/SN06193/SN06193.pdf). To lose it ALL means that the ENTIRE industry would be completely wiped out. I would start stashing cash under the bed if I were you!! Either that or its a pretty sh*t estimate LOL

 

Answer the question.

 

I'm not saying a Nissan is more attractive but price plays a part. The cars made here will have the benefit of a massive price differential and therefore will be more attractive to buyers than they were, relatively speaking. A 20% price hike due to the £ coupled with a 10% import tax, adds 30% to a german car that is probably already considerably more expensive.

Edited 24 October, 2016 by Johnny Bognor

[Johnny Bognor]

True, and we also export to more markets than the EU. That doesn't automatically mean Brexit makes everything better.

 

I'm not saying it automatically makes things better, but it's not all bad (a position adopted by most remainers)

 

Enough for one estimate to be that the exchequer will lose £65bn annually.

 

Exports of financial services to the EU are around £22billion. Even if we lost 100% of exports to the EU, which we wont, i cannot for the life of me see how the exchequer could lose £65 billion.

 

As it happens, the ENTIRE tax take from financial services is £65 billion (http://researchbriefings.files.parliament.uk/documents/SN06193/SN06193.pdf). To lose it ALL means that the ENTIRE industry would be completely wiped out. I would start stashing cash under the bed if I were you!! Either that or its a pretty sh*t estimate LOL

 

Answer the question.

 

I'm not saying a Nissan is more attractive but price plays a part. The cars made here will have the benefit of a massive price differential and therefore will be more attractive to buyers than they were, relatively speaking. A 20% price hike due to the £ coupled with a 10% import tax, adds 30% to a german car that is probably already considerably more expensive.

Edited 24 October, 2016 by Johnny Bognor

[buctootim]

May's demand to Sturgeon that Scotland play its part in making Brexit work is more than a little bizarre. If Brexit means Brexit then surely for Scotland voting Remain means Remain?

 

May seems uncompromising, acting as though the vote was 70:30 instead of 52:48. Given the situation with the car industry, banks, Scotland and NI I cant see any other result than Parliament voting down any hard Brexit and May having to resign. We will be Norway.

Edited 24 October, 2016 by buctootim

[Lord Duckhunter]

May's demand to Sturgeon that Scotland play its part in making Brexit work is more than a little bizarre. If Brexit means Brexit then surely for Scotland voting Remain means Remain?

 

.

 

What's more bizzare is someone who can't understand simple constitutional facts . UK wide elections are UK wide elections . The EU relationship & national treaties are reserved powers .

End of .

[buctootim]

What's more bizzare is someone who can't understand simple constitutional facts . UK wide elections are UK wide elections . The EU relationship & national treaties are reserved powers .

End of .

Putting 'End of' at the end always betrays a weak position.

 

The Scots voted remain. If May tries to force them to leave, especially leave the single market, Sturgeon will stage another referendum regardless of what Westminster thinks, and she will win.

 

Labour, SNP, LDs and pro Europe Tories already have a clear majority in Parliament. The pro EU Tories are already considering how far their loyalty stretches. Throw the break up of the UK into the mix of the Banks and and car industry kicking up and she will be toast if she persists with hard Brexit. She either finds a middle way or she will be out before the next election.

[Lord Duckhunter]

Putting 'End of' at the end always betrays a weak position.

 

The Scots voted remain. If May tries to force them to leave, especially leave the single market, Sturgeon will stage another referendum regardless of what Westminster thinks, and she will win.

.

 

It is a reserved matter . End of , that's not a " weak " end of , but a factually end of .

 

The Sweatys voted by over 70% for devolution, the terms of which included the fact that the Constituation, foreign affairs , treaties and the relationship with the EU remained a U.K. matter . The Sweatys then voted to remain in the UK and the EU referendum was a UK wide election .

 

It appears to me that some people only believe in democracy when it suits them .

[buctootim]

It is a reserved matter . End of , that's not a " weak " end of , but a factually end of .

 

The Sweatys voted by over 70% for devolution, the terms of which included the fact that the Constituation, foreign affairs , treaties and the relationship with the EU remained a U.K. matter . The Sweatys then voted to remain in the UK and the EU referendum was a UK wide election .

 

It appears to me that some people only believe in democracy when it suits them .

 

You may be factually/constitutionally/legally correct but it doesn't really matter. You think Catalonia have the rights to decide on Constitutional affairs? They are doing it anyway. https://www.ft.com/content/f024dad0-8595-11e6-a29c-6e7d9515ad15

 

Sturgeon isnt working off the top of her head - she is smart and will have paid well to get top legal advice. If she doesnt get what she wants from May she will hold some kind of referendum without Westminster's approval. What is May going to do about it - send the police in to physically stop people voting? disregard the result? jail Sturgeon? Whatever she does she is screwed and the Westminster legitimacy is gone. Brexit is supposed to be all about democracy and accountability remember.

Edited 25 October, 2016 by buctootim

[Lord Duckhunter]

You may be factually/constitutionally/legally correct but it doesn't really matter.

 

Sturgeon isnt working off the top of her head - she is smart and will have paid well to get top legal advice. If she doesnt get what she wants from May she will hold some kind of referendum without Westminster's approval. What is May going to do about it - send the police in to physically stop people voting? disregard the result? .

 

What a load of old pony .

 

She knows full well that it's a reserved matter , the SNP campaigned for Donald Dewars version of devolution , a version specifically making it a reserved matter . She's just playing to the gallery and useful English remoaner idiots are buying it .

 

Hopefully May will call Krankies bluff and call a referendum. Even if she doesn't , it's a reserved matter so Krankie can go whistle. The Sweatys have two choices , leave the EU or leave the UK and try and join The EU . Their deficit may stop that , although EU fudge stuff like that . They'll have to use the euro & accept Schengen, so if they want that good luck to them.I doubt we'll miss them .

Edited 25 October, 2016 by Lord Duckhunter

[CB Fry]

May knows that the Scots, however bad it gets, won't vote to join the Euro, which is fundamentally what an Indy Ref2 will be about, because Scotland definitely won't be allowed to join independently without accepting the currency.

 

The No campaign just need to put €€€ and pictures of Greece all over their posters and they will walk it.

[Wes Tender]

You may be factually/constitutionally/legally correct but it doesn't really matter.

[buctootim]

 

So what are your thoughts on the Catalonia independence campaign then Wes? No doubt you have given as much thought to this as to trying to teach yourself not to open the door during the spin cycle.

[buctootim]

May knows that the Scots, however bad it gets, won't vote to join the Euro, which is fundamentally what an Indy Ref2 will be about, because Scotland definitely won't be allowed to join independently without accepting the currency.

 

The No campaign just need to put €€€ and pictures of Greece all over their posters and they will walk it.

 

Nothing is for sure - just a realistic prospect of the Union breaking up will be enough imo. The right wing anti EU Tory MPs driving Brexit are mostly also the ones who are pro union. They are going to be split. With Labour, SNP, LDs and Tory left aligned against her she just wont have the majority to carry it through. There will be a soft Brexit fudge.

Edited 25 October, 2016 by buctootim

[Johnny Bognor]

Alex Salmonds financial case for independence was less realistic than Scotland winning the 2018 world cup... and that was before oil prices plummeted. AS predicted nearly £8bn in oil revenues for 2017/18. The latest estimates are saying they'll be less than £1bn. Considering their current deficit is twice that of the UK, they'll be going to the IMF with their begging bowl before they get a chance to speak to the EU.

[Guided Missile]

Alex Salmonds financial case for independence was less realistic than Scotland winning the 2018 world cup... and that was before oil prices plummeted. AS predicted nearly £8bn in oil revenues for 2017/18. The latest estimates are saying they'll be less than £1bn. Considering their current deficit is twice that of the UK, they'll be going to the IMF with their begging bowl before they get a chance to speak to the EU.

You forgot about the booming Irn Bru exports to the EU that will more than make up for the oil revenue losses. That, together with the excellent reputation the Scots have for running banks and it will be the land of milk and honey for the sweaties if they vote out. The English Tory scum have been holding them back for centuries....

[Johnny Bognor]

You forgot about the booming Irn Bru exports to the EU that will more than make up for the oil revenue losses. That, together with the excellent reputation the Scots have for running banks and it will be the land of milk and honey for the sweaties if they vote out. The English Tory scum have been holding them back for centuries....

 

With 65% of their exports going to the UK, we can slap a nice little 10% tariff on Irn Bru. That would probably be enough to put Jimmy Crankie back in her box...

[Johnny Bognor]

UK GDP smashes economists forecasts...

http://www.bbc.co.uk/news/live/business-37730361

 

Hands up, which remoaners were hoping for a contraction??

Edited 27 October, 2016 by Johnny Bognor

[trousers]

UK GDP smashes economists forecasts...

http://www.bbc.co.uk/news/live/business-37730361

 

Hands up, which remoaners were hoping for a contraction??

 

It's not so good news according to the 'Independent'...

 

 

[Guided Missile]

It's not so good news according to the 'Independent'...

 

 

Breaking News

IMF warns Brexit could push UK back into recession, here.

 

IMF and the Independent on the ball, as usual.

 

[Wes Tender]

It's not so good news according to the 'Independent'...

 

 

 

Typical alarmist and sensationalist perspective by the Not Independent.

 

What they actually mean once one reads past the headline, is that the rate of growth fell by around 28.5% or so, which they have rounded up to almost a third. On the other hand, an equally sensationalist headline could have trumpeted that the rate of growth was 67.6% higher than predicted by economists post Brexit.

[Johnny Bognor]

Meanwhile, in the first major announcement by the automotive industry since Brexit, Nissan have announced the decision to build more new models in Sunderland....

http://www.bbc.co.uk/news/business-37787890

[shurlock]

Breaking News

IMF warns Brexit could push UK back into recession, here.

 

IMF and the Independent on the ball, as usual.

 

 

We've already gone through that particular forecast pal. You and your little brigade made a fool of yourselves over it. However trust you dredge it up and embarrass yourself again.

[buctootim]

The PM has had to promise a manufacturer that the government will underwrite any and all additional costs from Brexit in order to persuade them to stay in the UK. Its either writing a blank cheque or promising to stay in the single market.

 

The fact its welcomed by the less acute Brexiteers tells its own story.

[badgerx16]

The PM has had to promise a manufacturer that the government will underwrite any and all additional costs from Brexit in order to persuade them to stay in the UK. Its either writing a blank cheque or promising to stay in the single market.

 

The fact its welcomed by the less acute Brexiteers tells its own story.

 

What happens when TOYOTA and HONDA ask for the same deal ? Or other multi-nationals in other industries ? Or perhaps domestic British companies that export to the EU willl claim that this sort of help needs to be across the board.

Edited 27 October, 2016 by badgerx16

[hutch]

What happens when TOYOTA and HONDA ask for the same deal ?

Dunno, but there's plenty on here will gladly make something up for you.

[buctootim]

What happens when TOYOTA and HONDA ask for the same deal ? Or other multi-nationals in other industries ? Or perhaps domestic British companies that export to the EU willl claim that this sort of help needs to be across the board.

 

Exactly, or any of the other 230,000 British exporters.

[Johnny Bognor]

What happens when TOYOTA and HONDA ask for the same deal ? Or other multi-nationals in other industries ? Or perhaps domestic British companies that export to the EU willl claim that this sort of help needs to be across the board.

 

Maybe fund it out of the tariff on imported cars from France and Germany????

 

Still no comment from the remoaners on the better than expected GDP figures...

[Guided Missile]

Dunno, but there's plenty on here will gladly make something up for you.

Here's something Nissan just made up:

Colin Lawther, Nissan's senior vice president for manufacturing in Europe, told The World At One's Martha Kearney the government had not given the company a special deal.

[Johnny Bognor]

Here's something Nissan just made up:

 

Remoaners making things up? Nah, I can say a lot about them, but I'm not having that.

[shurlock]

Here's something Nissan just made up:

 

Just call it a deal then. HTH.

[Johnny Bognor]

Just call it a deal then. HTH.

 

Now you're making stuff up ... LOLs

 

A senior executive at Nissan Europe, Colin Lawther, said the company had received "no special deal". "It's just a commitment from the government to work with the whole of the automotive industry to make sure the whole automotive industry in the UK remains competitive," he told the BBC. "We would expect nothing for us that the rest of the industry wouldn't be able to have access to. We see this as a whole industry thing, not a Nissan thing."

Edited 27 October, 2016 by Johnny Bognor

[Johnny Bognor]

In what has been a good news day (GDP above expectations, new cars to be produced in Sunderland), the BBC can confirm that there will be no tariffs placed on presents flown in from the North Pole at Christmas, despite the EU not being able to negotiate a Free Trade deal with the non existent trading block. According to the head Elf, Santa will use his magic powers to overcome the punitive and restrictive tax on children, by bypassing customs and dropping presents down the chimney.

 

PS: I might have just made this up, but it is in keeping with the spirit of this thread

Edited 27 October, 2016 by Johnny Bognor

[buctootim]

Here's something Nissan just made up:

 

Its not a special deal in the sense that its exclusive to Nissan - its worse than that, the Government will have to write cheques all over the place. They had to promise to cover any losses due to Brexit otherwise Nissan were leaving. The Government has had to pay in order to try to stave off the effects of its own policy.

 

"Mr. Ghosn said at the Paris motor show on Thursday that Nissan, owner of the U.K.’s largest car factory by volume, “will not make an important investment decision in the dark.” He was referring to where the Japanese company would make a coming version of its Qashqai sport-utility vehicle. Mr. Ghosn also said London should guarantee the auto maker compensation if tariffs are imposed as part of the U.K.’s separation from the EU. “If the British government cannot respond,” he said, “we will not go ahead.”

http://www.wsj.com/articles/nissan-seeks-brexit-trade-assurances-before-new-u-k-investment-1475161968

Edited 27 October, 2016 by buctootim