Discussion
youngsyr said:
don4l said:
s2art said:
youngsyr said:
s2art said:
georgeq said:
yes that is a very good thing for those who are willing to trade the best part of our financial business for shorter passport queues.
Thats a little surprising. I thought we exported quite a lot of Whisky (and beer) but its shown as 0%.
Have you even seen a photograph of central London/the Docklands recently?
Our financial sector is worth around £130bn a year to match that you'd have to sell several bottles to every man, woman and child on the planet, every year!
It is for "net" exports, which is meaningless. The "cars" section should be negative.
Only if you don't give a monkey's about our balance of trade.
Your chart shows cars as a zero, whereas the truth is that we are a net importer of cars.
A bar chart would make sense, but a pie chart is just silly.
Guvernator said:
Err can I ask a stupid question, exactly why are all these firms wanting to leave? Exactly what is it about the Brexit result that has suddenly made having their headquarters here untenable?
They don't want trade tariffs to the EU. So I guess are happy for trade tariffs with UK as its a smaller market share for them Guvernator said:
Err can I ask a stupid question, exactly why are all these firms wanting to leave? Exactly what is it about the Brexit result that has suddenly made having their headquarters here untenable?
I talked about Vodafone in another thread.They make a lot of cash/profit in the EU and almost zero in the UK.
Right now there is no penalty for shifting those profits to the UK and paying them out to shareholders.
In future the EU might impose withholding taxes on those profits when VOD repatriates them to the UK.
To avoid that they might move their HQ to Germany for example.
Isn't it a bit early for relocating given we may (I expect will) keep in the single market? By all means have contingency plans, but relocating now?
Unless it's a matter of these bad-news stories gradually seeping out and putting pressure onto the national debate about not actually leaving.
Unless it's a matter of these bad-news stories gradually seeping out and putting pressure onto the national debate about not actually leaving.
Welshbeef said:
Guvernator said:
Err can I ask a stupid question, exactly why are all these firms wanting to leave? Exactly what is it about the Brexit result that has suddenly made having their headquarters here untenable?
They don't want trade tariffs to the EU. So I guess are happy for trade tariffs with UK as its a smaller market share for them Welshbeef said:
Guvernator said:
Err can I ask a stupid question, exactly why are all these firms wanting to leave? Exactly what is it about the Brexit result that has suddenly made having their headquarters here untenable?
They don't want trade tariffs to the EU. So I guess are happy for trade tariffs with UK as its a smaller market share for them Guvernator said:
Ahh thanks a sensible answer, but trade tariffs aren't a given yet so isn't this all a bit premature?
It's about risk planning and certainty vs uncertainty. They want unfettered access to the single market. In five years they might have it if they stay in the UK, but if they move to France or Luxembourg or Germany they *will* have it. Did you vote leave?
ReallyReallyGood said:
Isn't it a bit early for relocating given we may (I expect will) keep in the single market? By all means have contingency plans, but relocating now?
Unless it's a matter of these bad-news stories gradually seeping out and putting pressure onto the national debate about not actually leaving.
EZY CEO said it "remains to be seen" if they move their HQ.Unless it's a matter of these bad-news stories gradually seeping out and putting pressure onto the national debate about not actually leaving.
Greg66 said:
It's about risk planning and certainty vs uncertainty. They want unfettered access to the single market. In five years they might have it if they stay in the UK, but if they move to France or Luxembourg or Germany they *will* have it.
Did you vote leave?
Why does it matter what I voted? If I say leave is this the part where you give me the speech about not thinking through the consequences properly?Did you vote leave?
it's incredibly short sighted of you to deny him that...paul789 said:
Guvernator said:
Err can I ask a stupid question, exactly why are all these firms wanting to leave? Exactly what is it about the Brexit result that has suddenly made having their headquarters here untenable?
I know what the obvious answer is but it all seems a bit premature, no one knows what will happen yet. I get the risk mitigation thing mentioned by Greg above too but whose to say the EU will even exist in 5 years, it's looking a bit shaky at the moment tbh. It all just seems a bit too knee-jerk to me.
Guvernator said:
paul789 said:
Guvernator said:
Err can I ask a stupid question, exactly why are all these firms wanting to leave? Exactly what is it about the Brexit result that has suddenly made having their headquarters here untenable?
I know what the obvious answer is but it all seems a bit premature, no one knows what will happen yet. I get the risk mitigation thing mentioned by Greg above too but whose to say the EU will even exist in 5 years, it's looking a bit shaky at the moment tbh. It all just seems a bit too knee-jerk to me.
Greg66 said:
Do you think the speech would be unfair or inappropriate though?
Slightly schadenfreudery with a hint of premature I-told-you-sos, but that's about right for PH. 
To be honest, I would rather focus on what next, not dissect history.
And in fairness, this is all sabre-rattling by corporates. I can't think of anyone actually shifting people yet.
ReallyReallyGood said:
Isn't it a bit early for relocating given we may (I expect will) keep in the single market? By all means have contingency plans, but relocating now?
Unless it's a matter of these bad-news stories gradually seeping out and putting pressure onto the national debate about not actually leaving.
How long do you think it takes to relocate a large operation? They can't afford to wait until negotiations are finished before beginning the process, they have to start now. Once Article 50 is triggered we've got two years, that's not very long at all.Unless it's a matter of these bad-news stories gradually seeping out and putting pressure onto the national debate about not actually leaving.
Headlines will be dominated by stories of companies that actually up sticks and relocate, but there will be many more who simply prioritise investment in their EU plants, or who allocate new products to their EU plants, or who make redundancies from their UK workforce rather than at EU sites. I'm struggling to see a positive.
walm said:
Greg66 said:
Do you think the speech would be unfair or inappropriate though?
Slightly schadenfreudery with a hint of premature I-told-you-sos, but that's about right for PH. To be honest, I would rather focus on what next, not dissect history.
And in fairness, this is all sabre-rattling by corporates. I can't think of anyone actually shifting people yet.
Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff