The economic consequences of Brexit (Vol 2)

[Murph7355]

jonnyb said:

...
What Im struggling with is that Nissan would make major investment decisions based on vague assurances from government.

They wouldn't.

I would bet a large amount of money that they made their choice based on the relative efficiency of the plant here.

There was no need for a "special deal". Just the usual tub thumping from Ghosn again IMO. There'll no doubt be more of it in a couple of years' time, which will be equally amusing and as inconsequential as his last two rounds.

[FiF]

jonnyb said:

FiF said:

jonnyb said:

don'tbesilly said:

jonnyb said:

don'tbesilly said:

jonnyb said:

don'tbesilly said:

///ajd said:

wl606 said:

BMW may build electric Mini in Germany instead of Britain - http://www.reuters.com/article/us-britain-eu-bmw-m...

Sounds like they're after a "Nissan" deal - which of course was nothing/not necessary.

There wasn't a deal,most people know that

Because, of course, you were there. So you know.

I didn't claim to be there.

So you know no more than the rest of us.

It wouldn't be the first time politicians have been "liberal" with the truth.

You're correct, I know no more than what Greg Clark stated which I put above and you edited out, and I didn't claim to know any more than others, unlike ///ajd did/does.

If you think Clark is being economical with the truth, put up or ............

I have no idea if he's being economical with the truth, I also have no idea if he's telling the truth. I can only surmise given what I do know. Very much the same as you.

What Im struggling with is that Nissan would make major investment decisions based on vague assurances from government.

Is that the quickest U turn ever on PH.

Poster implies politician is being economical with the truth.

Next post admits he doesn't know squat.

Comedy gold.

indeed, you couldn't make it up.

Clearly you did though, on your bike, careful you don't fall off as your balance is rather defective.

[anonymous-user]

Ghosn is no longer top honcho, he has been moved to Mitsubishi.

[jonnyb]

FiF said:

jonnyb said:

FiF said:

jonnyb said:

don'tbesilly said:

jonnyb said:

don'tbesilly said:

jonnyb said:

don'tbesilly said:

///ajd said:

wl606 said:

BMW may build electric Mini in Germany instead of Britain - http://www.reuters.com/article/us-britain-eu-bmw-m...

Sounds like they're after a "Nissan" deal - which of course was nothing/not necessary.

There wasn't a deal,most people know that

Because, of course, you were there. So you know.

I didn't claim to be there.

So you know no more than the rest of us.

It wouldn't be the first time politicians have been "liberal" with the truth.

You're correct, I know no more than what Greg Clark stated which I put above and you edited out, and I didn't claim to know any more than others, unlike ///ajd did/does.

If you think Clark is being economical with the truth, put up or ............

I have no idea if he's being economical with the truth, I also have no idea if he's telling the truth. I can only surmise given what I do know. Very much the same as you.

What Im struggling with is that Nissan would make major investment decisions based on vague assurances from government.

Is that the quickest U turn ever on PH.

Poster implies politician is being economical with the truth.

Next post admits he doesn't know squat.

Comedy gold.

indeed, you couldn't make it up.

Clearly you did though, on your bike, careful you don't fall off as your balance is rather defective.

[Deptford Draylons]

Don't be wound up by ///ajd's insider knowledge of the Nissan deal. This was the person who said they would receive per car compensation from HMG. When asked how, and if this type of deal was legal, promptly went quiet. Lets stick to what we know, which is very little of the deal.

[zygalski]

Apparently now Ford are blaming their plan to close the Bridgend plant on Brexit. The cheek of it!

[Murph7355]

zygalski said:

Apparently now Ford are blaming their plan to close the Bridgend plant on Brexit. The cheek of it!

Good time to clear your closet of skeletons.

Watch for much, much more of this over the next 2yrs.

[Trabi601]

Murph7355 said:

Good time to clear your closet of skeletons.

Watch for much, much more of this over the next 2yrs.

And here was me thinking the devaluation of sterling was going to encourage more manufacturing to the U.K.

Or was that as valid a claim as the £350m?

[minimoog]

I was chatting to a mate last week. He runs a small (12 staff) specialist scientific instrumentation company, designing, supplying and maintaining kit on a contract basis. He told me that prior to Brexit 45% of his revenue came from European sales. Since Brexit that figure has dropped to 15%. He can't win the contracts.

He also stated that he failed in a contract bid to Bangladesh recently and he was told that it was simply down to the uncertainty of Brexit. Obviously that baffled him but that was the reason given.

He's laying off two staff as a result and is not a happy bunny.

[anonymous-user]

Murph7355 said:

Good time to clear your closet of skeletons.

Watch for much, much more of this over the next 2yrs.

Because there won't be any actual negative effects of Brexit?
Leaving the single market will affect no jobs whatsoever?

[Murph7355]

Trabi601 said:

And here was me thinking the devaluation of sterling was going to encourage more manufacturing to the U.K.

Or was that as valid a claim as the £350m?

Maybe it did... Guardian link to counter claims of right wing bias... But a poll so suspect):

https://www.google.co.uk/amp/s/amp.theguardian.com...

Looking at isolated incidents, misreading quotes etc is only one way of looking at the world

I know don4l's (where has he gone?) "bedwetting" term is a little childish. But it does feel more and more apt as time goes on.

[Digga]

zygalski said:

Apparently now Ford are blaming their plan to close the Bridgend plant on Brexit. The cheek of it!

Nothing to do with that fking HUGE engine factory that JLR built at i54 near Wolverhampton and then, within 12 months of opening it, doubled it's size. No, not at all.

https://www.google.co.uk/maps/@52.6362888,-2.14133...

The days of Bridgend supplying engines to JLR were always numbered and were merely a throwback to Ford's (previous) ownership of the group.

[FiF]

Digga said:

zygalski said:

Apparently now Ford are blaming their plan to close the Bridgend plant on Brexit. The cheek of it!

Nothing to do with that fking HUGE engine factory that JLR built at i54 near Wolverhampton and then, within 12 months of opening it, doubled it's size. No, not at all.

https://www.google.co.uk/maps/@52.6362888,-2.14133...

The days of Bridgend supplying engines to JLR were always numbered and were merely a throwback to Ford's (previous) ownership of the group.

Exactly, but apparently it's rude to point out facts inconvenient to the "oh bad news because Brexit" clowns.


On another note some still are upset, another one in tears the other day, literally sobbing, because, well, lost the Referendum, no other reason offered. Respect long gone, patience followed soon after.

[Garvin]

minimoog said:

I was chatting to a mate last week. He runs a small (12 staff) specialist scientific instrumentation company, designing, supplying and maintaining kit on a contract basis. He told me that prior to Brexit 45% of his revenue came from European sales. Since Brexit that figure has dropped to 15%. He can't win the contracts.

He also stated that he failed in a contract bid to Bangladesh recently and he was told that it was simply down to the uncertainty of Brexit. Obviously that baffled him but that was the reason given.

He's laying off two staff as a result and is not a happy bunny.

His prices must have become keener to our European neighbours since the Brexit vote and subsequent devaluation of Sterling v Euro! Indeed, so much keener that he can probably take the risk against potential future duties/tariffs and still lower the price in Euros. I think his downturn may be due to other factors, not Brexit.

The Bangladesh failure may also point to this as the Brexit excuse seems just that, an easy excuse to give him for being unsuccessful.

[minimoog]

Garvin said:

His prices must have become keener to our European neighbours since the Brexit vote and subsequent devaluation of Sterling v Euro! Indeed, so much keener that he can probably take the risk against potential future duties/tariffs and still lower the price in Euros. I think his downturn may be due to other factors, not Brexit.

Just a coincidence then. Righto.

[Sway]

Trabi601 said:

Murph7355 said:

Good time to clear your closet of skeletons.

Watch for much, much more of this over the next 2yrs.

And here was me thinking the devaluation of sterling was going to encourage more manufacturing to the U.K.

Or was that as valid a claim as the £350m?

My employer is in a very specialised manufacturing market priced in dollars and competing with four other players (main one in Canada, others within the EU), c.80% exports.

Order book has doubled, won the biggest contract in it's 80 year history, just announced a new production facility in the South East and is recruiting like mad. Profit per sale is broadly the same as before, however revenue and gross profit has soared.

The plural of anecdote isn't evidence however, and it'll be a fair while until the overall economic effects are known.

[StevieBee]

minimoog said:

I was chatting to a mate last week. He runs a small (12 staff) specialist scientific instrumentation company, designing, supplying and maintaining kit on a contract basis. He told me that prior to Brexit 45% of his revenue came from European sales. Since Brexit that figure has dropped to 15%. He can't win the contracts.

He also stated that he failed in a contract bid to Bangladesh recently and he was told that it was simply down to the uncertainty of Brexit. Obviously that baffled him but that was the reason given.

He's laying off two staff as a result and is not a happy bunny.

We have just been excluded from the tendering process for a £800k project that we would have otherwise been in the pound seats for. Over half of this project would have been undertaken during the period following the implementation of A50 and so we would fall outside of the eligibility criteria for the majority of the work which, specifically is....

Participation is open to all natural persons who are nationals of and legal persons (participating either individually or in a grouping – consortium - of tenderers) which are effectively established in a Member State of the European Union or in a eligible country or territory as defined under the Regulation (EU) N°236/2014

We cannot even operate as a sub-contractor to the winning company - who we work with a lot.

Since last September, despite us still technically being in the EU, we've lost out on over £500k worth of EU funded project work as the client institutions (mostly German) are being guided to divert projects away from UK companies on those projects that are likely to straddle the post A50 period.

Our UK clients are almost exclusively local authorities and I doubt very much that all this money that we are supposed to be saving being out of the EU will find its way to them in the quantity that will - for us at least - make up the deficit in project value that we've lost on the international EU stuff.

All is not lost though...we're currently looking at relocating to an EU region or at least setting up an EU registered organisation. Cyprus is currently high on the list of options. The UK looses our tax revenue but at least I get to work in a warm climate.

In the scheme of things, my little woe is insignificant but we work with several large civil engineering / utility construction consultancies (each turning over in excess of £1billion) and they are in the same boat and looking at the same options.

[Deptford Draylons]

zygalski said:

Apparently now Ford are blaming their plan to close the Bridgend plant on Brexit. The cheek of it!

You should join up with ///ajd and JawKnee as a supergroup of lightweight PH 'thinkers'. I never see a post from any of you were you don't write clueless wind-up crap.

[Garvin]

minimoog said:

Garvin said:

His prices must have become keener to our European neighbours since the Brexit vote and subsequent devaluation of Sterling v Euro! Indeed, so much keener that he can probably take the risk against potential future duties/tariffs and still lower the price in Euros. I think his downturn may be due to other factors, not Brexit.

Just a coincidence then. Righto.

Well if it's not then please explain the correlation. What material effects of the Brexit vote have. caused the reduction of orders?

[paul789]

Garvin said:

minimoog said:

Garvin said:

His prices must have become keener to our European neighbours since the Brexit vote and subsequent devaluation of Sterling v Euro! Indeed, so much keener that he can probably take the risk against potential future duties/tariffs and still lower the price in Euros. I think his downturn may be due to other factors, not Brexit.

Just a coincidence then. Righto.

Well if it's not then please explain the correlation. What material effects of the Brexit vote have. caused the reduction of orders?

other factors, not Brexit.
other factors, not Brexit.
other factors, not Brexit.
other factors, not Brexit.
other factors, not Brexit.
other factors, not Brexit.
other factors, not Brexit.
other factors, not Brexit.
other factors, not Brexit.
other factors, not Brexit.
other factors, not Brexit.
other factors, not Brexit.
other factors, not Brexit.
other factors, not Brexit.

fk I hope you guys are right. At this point (having voted remain), I really want you to be on the right side of the argument and - 5 years down the line - to be able to told you so, as we bask in the glory of a successful post-Brexit economy. I must confess to being slightly concerned though!