BMWhere?

Once again, many reasons which are entirely the fault of the UK and have noting to do with EU membership!

Now who's peddling project fear?

I left 20 odd years ago. No need to renounce my British citizenship though. Having lived outside the UK for so long and for most of the time within 30 minutes of the border to another EU country, I can appreciate the value the EU has brought to all member countries, including the UK. Sadly, UK politics/press has failed to embrace the values of EU membership, instead blaming the EU for their own failing and claiming the EU successes as their own. The little England mentality shown by Brexiteers, that somehow we're better off on our own and the notion of 'taking back control' is complete fantasy in a global economy where globally harmonised regulations are they only way to be competitive and no one country can have full control.

BrownPantsRacing

iTrader: (6)

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.

andy97

iTrader: (1)

Just listen to Juncker, slowly but surely, it will come into being, unless national governments drop the anchor on it. It will be proposed or worked into some control mechanism which ultimately leads to countries being consumed into the EU project.

mrtheedge2u2

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.

BrownPantsRacing

iTrader: (6)

Yep, totally agree.

BMWhere?

It was Churchill who started it with his United States of Europe speech!
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!

andy97

iTrader: (1)

Ooooh The Pm has shown some public backbone

hodgy0_2

I think the car industry will start to accelerate plans to move - BMW have already announced they are bringing forward a planned month long shutdown to coincide with Brexit

BrownPantsRacing

iTrader: (6)

Ouch, that's certainly not a good sign.

The Trooper 1815

iTrader: (31)

I think you will find it is to coincide with the new model launch. It is not news as it was happening in the summer anyway. They are also sourcing parts from China as they are cheaper than from the EU.

andy97

iTrader: (1)

BMW already close for a month, they've just changed the date

jonc

Shame the market doesn't share your sentiment, massive one day slump in the value of GBP on the failure of the Chequers deal....

andy97

iTrader: (1)

Markets always fluctuate on news. They thrive on knowing the outcome. If the UK hadn't engaged in 2 years of wasted negotiations and announced they were leaving without a deal, there wouldn't be today's jolt

dpb

The economy isnt doing so well now afaik , compared to rest france germany etc

stevebt

iTrader: (8)

So how do you explain the pound crashing against all currencies the day after the Uk had the vote to leave Europe! It will only crash more if we leave without a deal and if you ask for proof please look at my first statement as that's set in stone

hodgy0_2

lol, like I said "they are bringing forward a planned month long shutdown"

now ask yourself why

Martin2005

Alternatively if the gov had waited until they'd thrashed out exactly what they wanted to achieve before triggering article 50, we may not of been in such a mess.

unfortunately the loonies insisted upon triggering before we got our **** together.

It's what happens when ideology gets in the way of pragmatism.

BMWhere?

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.

andy97

iTrader: (1)

Look, funny how what happens in the UK seems to happens in Europe, markets all fluctuate together, see the shape over the last year and the spike climb on the right side

jonc

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.

andy97

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

dpb

The fabled british jobs for british workers !


how much of the actual manufacturing will done in Uk , versus china ?

jonc

That's because the UK has not left the EU yet and still trading under the current favourable free trade terms with the EU and the rest of the world, things will be very different under WTO. Besides your anecdote is not evidence that businesses generally are or will be booming now or in the future, the UK as a whole still exports significantly less than it imports.

BMWhere?

The benefit is only short term. Weak pound boosts exports but makes imports more expensive. As we are a net importer, the higher import costs lowers profit margins and drives inflation. Inflation them divesd she growth and ultimately makes the exports more expensive. Eventually, the pound strengthens and kills exports and werew more uncompetitive than before.

dpb

Theres never been an admission on how much of his manufacturing is based in far flung cheap labour markets....

andy97

iTrader: (1)

Currently all manufacturing is located in the UK, but logistics of supply require plant development on each continent .

BMWhere?

He also continues to demonstrate a complete lack of understanding of even the most basic economics and the realities of how businesses operate.

andy97

iTrader: (1)

How many businesses have you started or invested in and had multiple factor returns?

let me guess-None

BMWhere?

Wrong again! I ran my own business for 20 years and have mande numerous investments in small enterprises.

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!

andy97

iTrader: (1)

I don't have to come up international economics, I made my position and decision in 2016.

I'm only concerned with maximizing my profits from my investments, which currently are doing rather well, thank you