So Brexit seems to be a good thing then.
#3391
Scooby Senior
#3392
Scooby Regular
iTrader: (6)
It's the enormity of the changes though. The company they work for is massive, a real global company and the employment count was huge. The amount of people who have already lost their jobs is mind blowing.
What really grinds my gears (in the words of Peter Griffin) is that Brexiters constantly state that we as a country have better trade deals and business to be done with emerging countries and world players like India and China. I have worked for a smallish private UK company for the last 20 years that has had to move to supplying increasingly more equipment to countries like this to survive. The margins and profit are 10x lower than business was previously and we are having to work 10x harder to stay above water already. Business like this is always low margin and very cutthroat. We cannot survive unless we use resource in those countries to try and cut overheads and costs here, parts and labour. So how are we supporting UK employment here? As more business moves abroad, so does the labour for that business. You just can't manufacture here in the UK and supply to these countries. It doesn't work as a business model, full stop.
Also, dealing with countries like this comes with other challenges like getting your money out. Over the last 12 months I have designed some massive systems for India and we have worked closely with our Indian offices to get these built and supplied. Payment has STILL not been received for these, this is just the way they work. You have to chase and chase everything in and still don't get money back that is owed. The labour and effort to chase money owed is MASSIVE and just crippling to a business like us. We are having to get UK bank loans to support the business for overdue invoices in excess of 6 months overdue. How can we operate like this???
The people who make these suggestions about foreign trade obviously have no personal experience of it.
Last edited by BrownPantsRacing; 21 September 2018 at 11:15 AM.
#3394
Yep, completely agree. One of her QP colleagues is Italian and is starting a family here in the UK and is now faced with the prospect of having to move abroad with her British husband and young family to be able to continue as a QP. If she stays here in the UK as an EU national she will not be allowed to release drugs. She can only do that from a country inside the EU.
It's the enormity of the changes though. The company they work for is massive, a real global company and the employment count was huge. The amount of people who have already lost their jobs is mind blowing.
What really grinds my gears (in the words of Peter Griffin) is that Brexiters constantly state that we as a country have better trade deals and business to be done with emerging countries and world players like India and China. I have worked for a smallish private UK company for the last 20 years that has had to move to supplying increasingly more equipment to countries like this to survive. The margins and profit are 10x lower than business was previously and we are having to work 10x harder to stay above water already. Business like this is always low margin and very cutthroat. We cannot survive unless we use resource in those countries to try and cut overheads and costs here, parts and labour. So how are we supporting UK employment here? As more business moves abroad, so does the labour for that business. You just can't manufacture here in the UK and supply to these countries. It doesn't work as a business model, full stop.
Also, dealing with countries like this comes with other challenges like getting your money out. Over the last 12 months I have designed some massive systems for India and we have worked closely with our Indian offices to get these built and supplied. Payment has STILL not been received for these, this is just the way they work. You have to chase and chase everything in and still don't get money back that is owed. The labour and effort to chase money owed is MASSIVE and just crippling to a business like us. We are having to get UK bank loans to support the business for overdue invoices in excess of 6 months overdue. How can we operate like this???
The people who make these suggestions about foreign trade obviously have no personal experience of it.
It's the enormity of the changes though. The company they work for is massive, a real global company and the employment count was huge. The amount of people who have already lost their jobs is mind blowing.
What really grinds my gears (in the words of Peter Griffin) is that Brexiters constantly state that we as a country have better trade deals and business to be done with emerging countries and world players like India and China. I have worked for a smallish private UK company for the last 20 years that has had to move to supplying increasingly more equipment to countries like this to survive. The margins and profit are 10x lower than business was previously and we are having to work 10x harder to stay above water already. Business like this is always low margin and very cutthroat. We cannot survive unless we use resource in those countries to try and cut overheads and costs here, parts and labour. So how are we supporting UK employment here? As more business moves abroad, so does the labour for that business. You just can't manufacture here in the UK and supply to these countries. It doesn't work as a business model, full stop.
Also, dealing with countries like this comes with other challenges like getting your money out. Over the last 12 months I have designed some massive systems for India and we have worked closely with our Indian offices to get these built and supplied. Payment has STILL not been received for these, this is just the way they work. You have to chase and chase everything in and still don't get money back that is owed. The labour and effort to chase money owed is MASSIVE and just crippling to a business like us. We are having to get UK bank loans to support the business for overdue invoices in excess of 6 months overdue. How can we operate like this???
The people who make these suggestions about foreign trade obviously have no personal experience of it.
#3395
Scooby Regular
iTrader: (6)
This is what makes me laugh......people think big business will simply go "Britain. **** yeah!!!! lets stay here" when in reality they will do what ever makes it easier for them to do business with minimum cost and maximum ease. When the EC stated that the QP must reside in an EU country it was simple as British QP's did not make as much as a lot of western EU QP's so it was financially viable, and also a lot of quality testing sites where in the UK. I have been in Pharma for 20 years and, trust me, the big boys will simply pack up and move production and M&S to another country when they decide it is cheaper and easier to operate there instead of the UK.
#3396
Scooby Senior
Personally, I think its very unlikely to happen in my lifetime, but I'm really not afraid if it does! The notion of national boundaries is just ridiculous! The Austrians living in Vorarlberg have far more in common with the Germans and Swiss in their locality than they do with their fellow Austrians living in Vienna! The region of Alsace spans both France and Germany where the people have their own dialect and identify themselves as Alsatian above their respective nationalities. I'm originally from Lancashire and I certainly have more in common with people in the rural area of South Germany where I now live than I ever had with people from London. Your nationality is nothing more than a roll of the dice as to where you just happened to be born. In many regions you nationality can be changed at the drop of a hat - just look at Crimea, and Alsace has changed hands between France and Germany several times! It's human instinct to be tribal and fear change, but more often than not change is a good things and the biggest tribes will always succeed. The British empire was once the biggest and most powerful tribe, but the empire is now gone. The USA, Russia and China are now the most powerful tribes, only a united Europe can hope to compete, yet Little Britain thinks it can do better alone!
#3398
Scooby Regular
#3402
#3406
Scooby Regular
now ask yourself why
#3407
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Join Date: Jun 2005
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unfortunately the loonies insisted upon triggering before we got our **** together.
It's what happens when ideology gets in the way of pragmatism.
#3408
Scooby Senior
Funny how the European markets aren't fluctuating souch on every little Brexit news. Nobody in Europe is talking about house prices crashing if there is no deal! It's almost as if no deal would be worse for the UK than for Europe.
Theresa May can look tough with her strong words trying Europe they have to make concessions, but the reality is, they don't because no deal is a bigger problem for the UK than it is for the EU. The EU greatest risk is giving the UK a good deal that undermines the customs union and tempts other counties to leave.
Theresa May can look tough with her strong words trying Europe they have to make concessions, but the reality is, they don't because no deal is a bigger problem for the UK than it is for the EU. The EU greatest risk is giving the UK a good deal that undermines the customs union and tempts other counties to leave.
#3409
Scooby Regular
iTrader: (1)
Funny how the European markets aren't fluctuating souch on every little Brexit news. Nobody in Europe is talking about house prices crashing if there is no deal! It's almost as if no deal would be worse for the UK than for Europe.
Theresa May can look tough with her strong words trying Europe they have to make concessions, but the reality is, they don't because no deal is a bigger problem for the UK than it is for the EU. The EU greatest risk is giving the UK a good deal that undermines the customs union and tempts other counties to leave.
Theresa May can look tough with her strong words trying Europe they have to make concessions, but the reality is, they don't because no deal is a bigger problem for the UK than it is for the EU. The EU greatest risk is giving the UK a good deal that undermines the customs union and tempts other counties to leave.
#3410
You're looking at wrong indexes! Yes currencies can fluctuate daily but try looking at the value of the pound sterling since the referendum. Compare GBP to USD since the referendum and do the same for EUR and also EUR to USD or the Yaun, you'll see a different trend! Now put that in terms of imports vs exports, especially when you consider the UK imports significantly more than it exports. This is what Brexit will affect, the fundamental core of UK's ability to trade, not multi-nationals in the FT100. Those fantastic trade deals all around the world Brexiteers think we'll get won't be as fantastic as you'd like to think. Confidence in the GBP and thus UK's buying power and its ability to trade is diminishing as we draw closer to the 29 March 2019 and likely to fall further especially more so post "hard" Brexit.
#3411
Scooby Regular
iTrader: (1)
My involvement in a manufacturing company has boomed in the back of reduced value in the pound. They are making huge profits and opening manufacturing in two other regions of the world to further expand into markets, crying out for their products. Reduce the pound further
#3412
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Join Date: Nov 2003
Location: riding the crest of a wave ...
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The fabled british jobs for british workers !
how much of the actual manufacturing will done in Uk , versus china ?
how much of the actual manufacturing will done in Uk , versus china ?
Last edited by dpb; 22 September 2018 at 12:58 PM.
#3413
My involvement in a manufacturing company has boomed in the back of reduced value in the pound. They are making huge profits and opening manufacturing in two other regions of the world to further expand into markets, crying out for their products. Reduce the pound further
Last edited by jonc; 22 September 2018 at 05:45 PM.
#3414
Scooby Senior
My involvement in a manufacturing company has boomed in the back of reduced value in the pound. They are making huge profits and opening manufacturing in two other regions of the world to further expand into markets, crying out for their products. Reduce the pound further
#3417
Scooby Senior
#3419
Scooby Senior
You try to belittle me when you know nothing about me, yet you fail to make any reasonable reposes to my posts that point out the gaping holes in your economic knowledge and understanding about how the world of internation trade really works. Rather trying to discredit me by making rash assumptions, you should perhaps come up with some sound economic arguments about how Brexit can really work for everyone in the UK!