Discussion
PurpleMoonlight said:
People in charge of big businesses, who likely know what they are talking about, site Brexit as one of the reasons for difficult trading.
PHers not in charge of big businesses, who likely do not know what they are talking about, claim the people in charge of big businesses are wrong.
Right .....
Or those people in big business could simply be putting the blame for their failure onto something else. A very convenient time to release bad news. PHers not in charge of big businesses, who likely do not know what they are talking about, claim the people in charge of big businesses are wrong.
Right .....
steveatesh said:
PurpleMoonlight said:
People in charge of big businesses, who likely know what they are talking about, site Brexit as one of the reasons for difficult trading.
PHers not in charge of big businesses, who likely do not know what they are talking about, claim the people in charge of big businesses are wrong.
Right .....
Or those people in big business could simply be putting the blame for their failure onto something else. A very convenient time to release bad news. PHers not in charge of big businesses, who likely do not know what they are talking about, claim the people in charge of big businesses are wrong.
Right .....
Not to mention the fact that Brexit wasn't a vote around helping big business it was a vote about the future direction of the country.
Are business leaders really whining about difficult trading - if so they're in the wrong job, expecting no change and money for nothing isn't and never was the way to go about trading. It would be interesting to know if the people making the noise have ever completed a successful start-up or have climbed the greasy pole.
It's either that or they've grown fat and lazy on money for old rope with little effort. Now's the time for talented, innovative and committed business leaders to show some of that talent, innovation and commitment.
Is this phenomenon across all big business or just those looking for blame transfer over cuts? I doubt it's universal. The thought that the whiners have personal self-interest and corporate self-interest at the forefront of their comments must arise. The interests of the country long into the future are not the same thing as securing short-term hassle-free lottery wins for CEOs.
One positive is that when the lower corptax, lower business rates (hopefully) and other incentives kick in, these changes ought to attract the non-whining type of entrepreneur as opposed to bland intrapreneurs.
PurpleMoonlight said:
98elise said:
I also pointed out that profits = more tax, as does paying people good salaries.
Except Lloyds profits increased by £1bn and yet they are sacking 3000 staff and closing 200 additional branches so less tax, and more inconvenienced customers to boot.Click
Your question about PHers with little or no experience of big business - this being PH there will be several if not many PHers with just that experience. How big is big in any case? What does experience mean exactly - climbing the greasy pole to what level..being retained to offer advice to those big business due to niche knowledge...starting a business that grows to your preferred size?
Out of interest how's things with your business(es) after Brexit?
Well overnight my father furniture business has stopped, literally no one came into the shops for the first couple of weeks after Brexit. People have started trickling in but not buying. That is very real effect, turnover from £4-8k a week to zero, the night after Brexit. Summer sale season as well, he takes a third of his annual turnover now, currently taking nothing.
His Italian suppliers have upped their prices 21% the week after, his costs in relation to his French Suppliers have gone up because of the Euro. This is eating into his margins if he does sell anything. Now at a age where he doesn;t fancy riding out another ressesion (it will be his 3rd now) and is thinking of packing it all in. Very sad.
Our house was put on the market the week after Brexit, previous weeks a house would pop up on our street (cheapest houses in the area, first time buyer with family heaven, either us or a flat) and would sell within days, normally before the sign was up. Really had to wait for something to pop up and pounce.
Now there are 4 houses on our street up for sale at the same time, we have had 22 viewings, 4 second viewing, 2 third viewings with parents. Literally everybody is saying "we are going to wait to see what happens with Brexit before putting in a offer". Houses that need to sell have dropped £40k well over 10%, and there is a 70K spread on the prices of these houses (we are at the bottom end), nothing is moving. That is a very real effect of Brexit.
We have lost out on a house we want to move to because of this. Estate agents down on the coast have said that seller aren't putting houses on the market round here due to the vote as they don't want their house to sit on the market or take a hit on the price. That just leaves the s
t that people need to sell on the market.
Brixit vote does have some very real effects to very real people. We are currently feeling it very much.
Hopefully in time there will be some benefit of it, right now we are cursing it.
His Italian suppliers have upped their prices 21% the week after, his costs in relation to his French Suppliers have gone up because of the Euro. This is eating into his margins if he does sell anything. Now at a age where he doesn;t fancy riding out another ressesion (it will be his 3rd now) and is thinking of packing it all in. Very sad.
Our house was put on the market the week after Brexit, previous weeks a house would pop up on our street (cheapest houses in the area, first time buyer with family heaven, either us or a flat) and would sell within days, normally before the sign was up. Really had to wait for something to pop up and pounce.
Now there are 4 houses on our street up for sale at the same time, we have had 22 viewings, 4 second viewing, 2 third viewings with parents. Literally everybody is saying "we are going to wait to see what happens with Brexit before putting in a offer". Houses that need to sell have dropped £40k well over 10%, and there is a 70K spread on the prices of these houses (we are at the bottom end), nothing is moving. That is a very real effect of Brexit.
We have lost out on a house we want to move to because of this. Estate agents down on the coast have said that seller aren't putting houses on the market round here due to the vote as they don't want their house to sit on the market or take a hit on the price. That just leaves the s
t that people need to sell on the market.Brixit vote does have some very real effects to very real people. We are currently feeling it very much.
Hopefully in time there will be some benefit of it, right now we are cursing it.
Edited by Tampon on Saturday 30th July 08:32
Tampon said:
Well overnight my father furniture business has stopped, literally no one came into the shops for the first couple of weeks after Brexit.
How odd. I haven't stopped shopping since the referendum and judging by the activity when I go out nor has anyone else.Edited by hornetrider on Saturday 30th July 08:49
Tampon said:
Brixit vote does have some very real effects to very real people. We are currently feeling it very much.
Hopefully in time there will be some benefit of it, right now we are cursing it.
Yes, sober reading, real effects on real people. Significant change is like that. The nature of the impact does vary though.Hopefully in time there will be some benefit of it, right now we are cursing it.
Anything further said at this stage is going to appear insensitive so - all the best to your father with regard to decisions ahead, and for the house move.
hornetrider said:
Tampon said:
Well overnight my father furniture business has stopped, literally no one came into the shops for the first couple of weeks after Brexit.
How odd. I haven't stopped shopping since the referendum and judging by the activity when I go out nor has anyone else.Edited by hornetrider on Saturday 30th July 08:49
turbobloke said:
Yes, sober reading, real effects on real people. Significant change is like that. The nature of the impact does vary though.
Anything further said at this stage is going to appear insensitive so - all the best to your father with regard to decisions ahead, and for the house move.
Thanks turbo, I am not blaming anyone who voted out, just wanted to say some of the realities of the situation. Not the same for everybody.Anything further said at this stage is going to appear insensitive so - all the best to your father with regard to decisions ahead, and for the house move.
hornetrider said:
Tampon said:
Well overnight my father furniture business has stopped, literally no one came into the shops for the first couple of weeks after Brexit.
How odd. I haven't stopped shipping since the referendum and judging by the activity when I go out shopping nor has anyone else.Any sound business advise to deal with Brexit Hornetrider?
We are looking to buy at the moment and can confirm that the number of houses coming onto the market has dropped but anything decent sells straight away. This is in the midlands too.
No doubt that some businesses have been impacted by the leave vote but the number of execs using it as an excuse for poor management is laughable.
No doubt that some businesses have been impacted by the leave vote but the number of execs using it as an excuse for poor management is laughable.
Tampon said:
Well overnight my father furniture business has stopped, literally no one came into the shops for the first couple of weeks after Brexit. People have started trickling in but not buying. That is very real effect, turnover from £4-8k a week to zero, the night after Brexit. Summer sale season as well, he takes a third of his annual turnover now, currently taking nothing.
His Italian suppliers have upped their prices 21% the week after, his costs in relation to his French Suppliers have gone up because of the Euro. This is eating into his margins if he does sell anything. Now at a age where he doesn;t fancy riding out another ressesion (it will be his 3rd now) and is thinking of packing it all in. Very sad.
Our house was put on the market the week after Brexit, previous weeks a house would pop up on our street (cheapest houses in the area, first time buyer with family heaven, either us or a flat) and would sell within days, normally before the sign was up. Really had to wait for something to pop up and pounce.
Now there are 4 houses on our street up for sale at the same time, we have had 22 viewings, 4 second viewing, 2 third viewings with parents. Literally everybody is saying "we are going to wait to see what happens with Brexit before putting in a offer". Houses that need to sell have dropped £40k well over 10%, and there is a 70K spread on the prices of these houses (we are at the bottom end), nothing is moving. That is a very real effect of Brexit.
We have lost out on a house we want to move to because of this. Estate agents down on the coast have said that seller aren't putting houses on the market round here due to the vote as they don't want their house to sit on the market or take a hit on the price. That just leaves the st that people need to sell on the market.
Brixit vote does have some very real effects to very real people. We are currently feeling it very much.
Hopefully in time there will be some benefit of it, right now we are cursing it.
All this post tells me is that people are stupid and don't understand the situation.His Italian suppliers have upped their prices 21% the week after, his costs in relation to his French Suppliers have gone up because of the Euro. This is eating into his margins if he does sell anything. Now at a age where he doesn;t fancy riding out another ressesion (it will be his 3rd now) and is thinking of packing it all in. Very sad.
Our house was put on the market the week after Brexit, previous weeks a house would pop up on our street (cheapest houses in the area, first time buyer with family heaven, either us or a flat) and would sell within days, normally before the sign was up. Really had to wait for something to pop up and pounce.
Now there are 4 houses on our street up for sale at the same time, we have had 22 viewings, 4 second viewing, 2 third viewings with parents. Literally everybody is saying "we are going to wait to see what happens with Brexit before putting in a offer". Houses that need to sell have dropped £40k well over 10%, and there is a 70K spread on the prices of these houses (we are at the bottom end), nothing is moving. That is a very real effect of Brexit.
We have lost out on a house we want to move to because of this. Estate agents down on the coast have said that seller aren't putting houses on the market round here due to the vote as they don't want their house to sit on the market or take a hit on the price. That just leaves the s
t that people need to sell on the market.Brixit vote does have some very real effects to very real people. We are currently feeling it very much.
Hopefully in time there will be some benefit of it, right now we are cursing it.
Edited by Tampon on Saturday 30th July 08:32
I do hope business picks up for him though. Maybe a promotion/sale will get people in the shop? "shake off those brexit blues with a new 3 piece"
Edited by danllama on Saturday 30th July 10:02
cookie118 said:
I suppose the flip side of 'brexcuses' is whether brexiteers will ever accept that brexit may be to blame for poor business performance or seek to blame other factors.
They'll never accept it. Blame others for your woes is the name of the game - brexit fibs relied on it extensively."Incompetent management looking to hide their own bad news under veil of brexit" is the current favourite.
I assume this was the same management that would make Britain Great again and ensure we accelerated away from EU growth rates under wonderful new trade deals as we are more innovative than others. Etc.
Still I'm sure this is all part of the plan. I wonder if the Ford annoucement will hit the cabinet?
My UK business has had about £1m of work (in progress & contractually confirmed pipeline) or indefinitely postponed directly due to the Brexit vote. That's 20% of of our turnover so is significant. Our oil & gas projects are up and some projects are unaffected. Currently we are about £750k south of where we would expect to be. It's our business so any targets we set are purely for ourselves and as long as we remain profitable then I am OK. At this point in time Brexit is a reason for why we are in this position, it is not an excuse and there is a big difference between the two.
danllama said:
All this post tells me is that people are stupid and don't understand the situation.
I do hope business picks up for him though. Maybe a promotion/sale will get people in the shop? "shake off those brexit blues with a new 3 piece"
Thanks for the suggestion. There is a sale, nothing, people just not coming through the door. If you aren't looking to buy a car and save your money just in cae, you don't go looking for one.I do hope business picks up for him though. Maybe a promotion/sale will get people in the shop? "shake off those brexit blues with a new 3 piece"
Edited by danllama on Saturday 30th July 10:02
Costs have risen 20%, plus sale prices mean hardly any profit on anything that might sell.
No profit, no business, even if there were customers.
No business, no employment for staff in 6 months when he can't reach any further into his own pocket to cover the £1k plus a week costs.
People might be stupid (they would say savvy in the climate they are in) as you say but it is happening right now. If the majority of people are doing it then "the people" aren;t stupid, no more than people could say Brexiteers are, but the Economy is slowing down.
Hopefully it is short term, but Dad won't last long, he will probably be fine, he has run his business for 30 odd years and has a nice house he can downsize and commercial property he can sell but the people he will let go might find it particularly tough if others are doing the same.
Edited by Tampon on Saturday 30th July 10:44
///ajd said:
cookie118 said:
I suppose the flip side of 'brexcuses' is whether brexiteers will ever accept that brexit may be to blame for poor business performance or seek to blame other factors.
They'll never accept itAs also posted not long ago somewhere, the referendum was about the future direction of the country, initial business impacts were always going to vary with some positive and some negative.
Given the timescale involved, with the referendum promised and then planned, you have to hope as a spectator that businesses which knew there was a risk of being adversely affected didn't simply rely on the same thing - hope. There was time to plan ahead, look at mitigating risk and so on. The impression is that hope (for a Remain vote) was a widespread 'strategy' for some businesses.
turbobloke said:
Reading this very thread, it's already been accepted; the issues remaining are short-term/long-term and the ups as well as the downs.
As also posted not long ago somewhere, the referendum was about the future direction of the country, initial business impacts were always going to vary with some positive and some negative.
Given the timescale involved, with the referendum promised and then planned, you have to hope as a spectator that businesses which knew there was a risk of being adversely affected didn't simply rely on the same thing - hope. There was time to plan ahead, look at mitigating risk and so on. The impression is that hope (for a Remain vote) was a widespread 'strategy' for some businesses.
You seem reasonable Turbo.As also posted not long ago somewhere, the referendum was about the future direction of the country, initial business impacts were always going to vary with some positive and some negative.
Given the timescale involved, with the referendum promised and then planned, you have to hope as a spectator that businesses which knew there was a risk of being adversely affected didn't simply rely on the same thing - hope. There was time to plan ahead, look at mitigating risk and so on. The impression is that hope (for a Remain vote) was a widespread 'strategy' for some businesses.
As you see it what benefits has business or people seen so far?
The idea of mortgages going down has been a positive for us looking to buy a new place but that seems to be it light of fear of the house prices dropping, again something that we could benefit from as we are buying a bigger more expensive house. The issue we have is obviously people holding off and waiting, first time buyers being hit hard as 5% and 10% mortgages being hard to get now as well as people not putting houses on.
Have there been businesses/ industries that have benefited already?
I realise I have a blinkered viewed through personal a business events. Just I haven;t heard positives yet. I know of funding for PhD's is dropping like a stone, my wife is fine but people starting now have a bare cupboard. Cousin working in Leyden Uni has his project in jeopardy at the moment as it is a British Project in collaboration with European Uni's, there is a Polish Uni team willing to step in and take over the British teams position with funding. My usher from my wedding works in shipping and he says the cost of oil is having an effect on his British business, lazy days in the office for him, as it is linked to the dollar (he is a outer). He isn;t worried about his job yet but does sound great.
I hear stories of potential positives coming (really got my fingers crossed), just wondered what the tangable ones are now?
Tampon said:
You seem reasonable Turbo.
As you see it what benefits has business or people seen so far?
The idea of mortgages going down has been a positive for us looking to buy a new place but that seems to be it light of fear of the house prices dropping, again something that we could benefit from as we are buying a bigger more expensive house. The issue we have is obviously people holding off and waiting, first time buyers being hit hard as 5% and 10% mortgages being hard to get now as well as people not putting houses on.
Have there been businesses/ industries that have benefited already?
I realise I have a blinkered viewed through personal a business events. Just I haven;t heard positives yet. I know of funding for PhD's is dropping like a stone, my wife is fine but people starting now have a bare cupboard. Cousin working in Leyden Uni has his project in jeopardy at the moment as it is a British Project in collaboration with European Uni's, there is a Polish Uni team willing to step in and take over the British teams position with funding. My usher from my wedding works in shipping and he says the cost of oil is having an effect on his British business, lazy days in the office for him, as it is linked to the dollar (he is a outer). He isn;t worried about his job yet but does sound great.
I hear stories of potential positives coming (really got my fingers crossed), just wondered what the tangable ones are now?
Given that we haven't left yet, won't do for at least years, and don't know what the terms will be when outside of the EU, exactly what are you expecting?As you see it what benefits has business or people seen so far?
The idea of mortgages going down has been a positive for us looking to buy a new place but that seems to be it light of fear of the house prices dropping, again something that we could benefit from as we are buying a bigger more expensive house. The issue we have is obviously people holding off and waiting, first time buyers being hit hard as 5% and 10% mortgages being hard to get now as well as people not putting houses on.
Have there been businesses/ industries that have benefited already?
I realise I have a blinkered viewed through personal a business events. Just I haven;t heard positives yet. I know of funding for PhD's is dropping like a stone, my wife is fine but people starting now have a bare cupboard. Cousin working in Leyden Uni has his project in jeopardy at the moment as it is a British Project in collaboration with European Uni's, there is a Polish Uni team willing to step in and take over the British teams position with funding. My usher from my wedding works in shipping and he says the cost of oil is having an effect on his British business, lazy days in the office for him, as it is linked to the dollar (he is a outer). He isn;t worried about his job yet but does sound great.
I hear stories of potential positives coming (really got my fingers crossed), just wondered what the tangable ones are now?
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