Discussion
RYH64E said:
What a load of b
ks, 'talented, innovative and committed business leaders' knew what was best for the country and were overwhelmingly in favour of remain, yet now they're having to deal with the inevitable fallout of a decision made by the economically illiterate and you think it's their fault for not rising to the challenge?
Who else's fault is it? ks, 'talented, innovative and committed business leaders' knew what was best for the country and were overwhelmingly in favour of remain, yet now they're having to deal with the inevitable fallout of a decision made by the economically illiterate and you think it's their fault for not rising to the challenge? As for what's best for "the country" it seems that you are confusing that term with next quarter's revenue for certain companies. They are not the same thing.
Three factories I worked in the last 10 years are now housing estates. All manufacturing moved to low cost geography in Eastern Europe.
Current employer moved all manufacturing to Hungary last year. That was while we were in the EU. That's lots of jobs lost and there was
not sure how we were better off in the Eu.
Not sure tampon why people are not buying furniture, it's onviously hard on your farther I do note you say Italian and French suppliers. Could he not source from the uk? If not there sees to be a gap in the market that perhaps may now be closed.
Current employer moved all manufacturing to Hungary last year. That was while we were in the EU. That's lots of jobs lost and there was
not sure how we were better off in the Eu. Not sure tampon why people are not buying furniture, it's onviously hard on your farther I do note you say Italian and French suppliers. Could he not source from the uk? If not there sees to be a gap in the market that perhaps may now be closed.
Pesty said:
Three factories I worked in the last 10 years are now housing estates. All manufacturing moved to low cost geography in Eastern Europe.
Current employer moved all manufacturing to Hungary last year. That was while we were in the EU. That's lots of jobs lost and there was not sure how we were better off in the Eu.
Not sure tampon why people are not buying furniture, it's onviously hard on your farther I do note you say Italian and French suppliers. Could he not source from the uk? If not there sees to be a gap in the market that perhaps may now be closed.
What a ridiculous logic, next time that you want Merc, don't buy Merc, buy Rover instead? As for moving factories, why shouldn't they move them? If they cost less, sometimes with better work etic, why not move factory? I would. Current employer moved all manufacturing to Hungary last year. That was while we were in the EU. That's lots of jobs lost and there was
not sure how we were better off in the Eu. Not sure tampon why people are not buying furniture, it's onviously hard on your farther I do note you say Italian and French suppliers. Could he not source from the uk? If not there sees to be a gap in the market that perhaps may now be closed.
Pesty said:
Three factories I worked in the last 10 years are now housing estates. All manufacturing moved to low cost geography in Eastern Europe.
Current employer moved all manufacturing to Hungary last year. That was while we were in the EU. That's lots of jobs lost and there was not sure how we were better off in the Eu.
Not sure tampon why people are not buying furniture, it's onviously hard on your farther I do note you say Italian and French suppliers. Could he not source from the uk? If not there sees to be a gap in the market that perhaps may now be closed.
Your experience proves its tough to keep factories competitive in the UK - but it can be done as JLR and Mini show. Leaving the EU just makes it (alot) harder. So there is a risk more will go, more quickly, due to brexit.Current employer moved all manufacturing to Hungary last year. That was while we were in the EU. That's lots of jobs lost and there was
not sure how we were better off in the Eu. Not sure tampon why people are not buying furniture, it's onviously hard on your farther I do note you say Italian and French suppliers. Could he not source from the uk? If not there sees to be a gap in the market that perhaps may now be closed.
jjlynn27 said:
What a ridiculous logic, next time that you want Merc, don't buy Merc, buy Rover instead? As for moving factories, why shouldn't they move them? If they cost less, sometimes with better work etic, why not move factory? I would.
It's not that stupid. Things have changed. The currency is down, future trade arrangements are uncertain. Quite likely consumers will be changing their preferences. Next time you want a Merc, look at Jaguars too.If you have sold nothing for a month then you have to change something. Otherwise go bust blaming the government and the stupid electorate.
turbobloke said:
///ajd said:
So there is a risk more will go, more quickly, due to brexit.
There's also a risk more will arrive over time.Much of what we manufacture is exported - eg Jags - and as an example I recall around 50% of production goes into the EU.
Unless our trade deal with the EU as as good as today (i.e. as good as other 27 nations), the odds are stacked against manufacturing investment in the UK. Its just a business decision.
On top of that the uncertainty over what our deal might be could last months if not years. Thats a lot of investment that might (only might) be made elsewhere until we decide what brexit we want. Its a risk we didn't need to take. It seems very unfortunate for those who have been frustrated to see our manufacturing go offshore, to have voted leave and make it even more likely. I wish it wasn't the case, but thats the way it looks to me.
Edited by ///ajd on Saturday 30th July 18:38
///ajd said:
turbobloke said:
///ajd said:
So there is a risk more will go, more quickly, due to brexit.
There's also a risk more will arrive over time.https://www.theguardian.com/world/2015/mar/05/irel...
700 USA Companies Now Located in Ireland as Direct Investment Soars
Guardian article at the link said:
A major draw for US firms is Ireland’s low 12.5% corporation tax rate and numerous controversial tax breaks. The government has promised to phase out the latter.
With low UK corptax ahead, hopefully lower business rates and - now we're heading out of the EU - we can phase in further tax breaks and incentives, rather than phasing them out.There's much more than hope behind future investment, carrying the momentum forward.
AJS- said:
If you have sold nothing for a month then you have to change something. Otherwise go bust blaming the government and the stupid electorate.
It isn't as easy to just change what you sell. There is a niche for bespoke British built furniture. I used to have a upholstery business but same issues arise in a slowing economy\ ressesion. You can hold off on that 4000 pound sofa/ oak table/ high gloss italian dining chair. I made my money and the stress of dealing with a slowing market made me reassess what I want from life so I retrained and now teach kids with behavioural disorders. Totally different lifestyle.He used to be a antiques dealer and changed to modern furniture when the arse dropped out of it last ressesion. It cost him 300k set up capital, a house move and selling the victorian warehouse he had bought and owned for 30 years when he first started.
He became agents for furniture brands, you buy showroom stock that you sell from. Costs about 20 to 40k to put a new range in. Different ranges from different manufacturers adds up. Taken years to build up knowledge of new industry.
There isn't British manufacturered furniture that he can turn to. It is all made in Europe for quality furniture and China for cheap.
He can't just bail on the business as is and do something else. His options are sell up and make people redundant. Carry on using his own money and try and wait for the great benefits of brexit. Try his hand at something else. Restock, different location? Reinvestment.
He is 68 and worked hard his whole life. He has seen off ressesions before. Remember his men coming round and taking all the antique dining furniture, Chesterfield sofas and grand father clocks out of the house as he sold them to another dealer to pay that months wages. He has business talent anD is a honorable boss. Just he has run out of energy to fight this massive uncertainty. I feel lucky my job is safe. People will probably blame badly run fat cats looking for a easy payout for his unemployed staff.
Easy to say people should plan for this but I don't hear many people owning or running their own businesses saying that at the moment, or that business has improved. Either here or in the real world.
Just had a offer on our house today. 20% lower than asking (which we dropped by 5%) That puts the value of the house at lower than it was 2 years ago compared to a unextended old lady house nextdoor. I don't blame them.
Sad times.
AJS- said:
jjlynn27 said:
What a ridiculous logic, next time that you want Merc, don't buy Merc, buy Rover instead? As for moving factories, why shouldn't they move them? If they cost less, sometimes with better work etic, why not move factory? I would.
It's not that stupid. Things have changed. The currency is down, future trade arrangements are uncertain. Quite likely consumers will be changing their preferences. Next time you want a Merc, look at Jaguars too.If you have sold nothing for a month then you have to change something. Otherwise go bust blaming the government and the stupid electorate.
Friend had one for 4 months, with every electrical gremlin, to the point of dealer taking the car back.
And don't even get me started on dealer network. So, thanks, but no thanks.
jjlynn27 said:
Why would I settle for second best? Bizarre logic. If you think that prices of Jags will not be affected by increased cost of parts, I'd suggest that you rethink that. When I was looking at E class, I did try XF, the difference is not even funny. Not different league, different sport altogether. During slightly longer test drive aircon stopped working with visible steam coming from the vents. On a car with less than 1k on the clock.
Friend had one for 4 months, with every electrical gremlin, to the point of dealer taking the car back.
And don't even get me started on dealer network. So, thanks, but no thanks.
Are they really that bad? I think the latest XE and XF look great inside and out. Bit pricy compared to say a 335d (I know that is smaller than a XF). Friend had one for 4 months, with every electrical gremlin, to the point of dealer taking the car back.
And don't even get me started on dealer network. So, thanks, but no thanks.
I was thinking of a 335d next - recently they were £32k new for a touring on broadspeed with prof nav, but fear those days are long over.
It'll be interesting to see if Jag's stay the same price. Of course a 3 litre XF is bigger bucks and no sportbrake yet I don't think(?)
Tampon
It is sad about your father's business and he sounds like a decent man.
That doesn't negate any of the case for Brexit, or the fact that people will still be selling furniture in years to come. Businesses adapt to changing circumstances or go out of business.
Jjlynn27
Stump up for a Mercedes then in spite of the currency fluctuations.
I'm all for free trade and my preferred route would be to drop all trade tariffs completely and let the rest of the world do as they please with them.
What that example highlights is that there are also opportunities coming from a lower pound as the price of domestically produced goods falls in comparison to imported ones.
Oh and btw I ran a business through a military coup and the subsequent junta's efforts to fill a black hole in the finances left by the kleptomaniac government they ousted. Yes uncertainty sucks but if you throw in the towel and blame circumstances beyond your control you have already lost.
It is sad about your father's business and he sounds like a decent man.
That doesn't negate any of the case for Brexit, or the fact that people will still be selling furniture in years to come. Businesses adapt to changing circumstances or go out of business.
Jjlynn27
Stump up for a Mercedes then in spite of the currency fluctuations.
I'm all for free trade and my preferred route would be to drop all trade tariffs completely and let the rest of the world do as they please with them.
What that example highlights is that there are also opportunities coming from a lower pound as the price of domestically produced goods falls in comparison to imported ones.
Oh and btw I ran a business through a military coup and the subsequent junta's efforts to fill a black hole in the finances left by the kleptomaniac government they ousted. Yes uncertainty sucks but if you throw in the towel and blame circumstances beyond your control you have already lost.
eatcustard said:
2 houses on my estate came up for sale both sold within 3 days
Both houses were over 300K each
Brexit must be doing well then
They would sell very quickly where I live at those prices, the sellers wouldn't happy though as it would be about a third of the pre-Brexit values...Both houses were over 300K each
Brexit must be doing well then
///ajd said:
Are they really that bad? I think the latest XE and XF look great inside and out. Bit pricy compared to say a 335d (I know that is smaller than a XF).
I was thinking of a 335d next - recently they were £32k new for a touring on broadspeed with prof nav, but fear those days are long over.
It'll be interesting to see if Jag's stay the same price. Of course a 3 litre XF is bigger bucks and no sportbrake yet I don't think(?)
I liked the look of them hence took one for the test drive. Equivalent is 5 series / E class. Friend's car spent more time during 4 months of ownership back at the dealer than in his possession, he's now in 535d and very very happy. Not going to give Jag second look anytime soon. Driving experience is ok. Get into few month old car and see the build quality for yourself. It's not in the same league as merc/bmw, imo. I was thinking of a 335d next - recently they were £32k new for a touring on broadspeed with prof nav, but fear those days are long over.
It'll be interesting to see if Jag's stay the same price. Of course a 3 litre XF is bigger bucks and no sportbrake yet I don't think(?)
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