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Brexiteers will argue that the profits still come back to the UK, which is true, but those employees don't pay taxes in the UK and don't spend their earnings in the UK, so there is still a net loss to the UK and the business itself has extra costs in making the investment and additional management costs in running a new location far away from their HQ.
If the bottom line is more profit, then it's always worth it. There is no net loss if there is increased profits. Our company has many more admin staff in the UK to deal with all the extra 💰💰💰
If the bottom line is more profit, then it's always worth it. There is no net loss if there is increased profits. Our company has many more admin staff in the UK to deal with all the extra 💰💰💰
But its not increased profit, its reduced profit because of the additional costs of operating a new location and relocating jobs to that location. I only said the profits still come back to the UK, the profits will still be less than they were before Brexit. Relocating just means the loss to the business caused by Brexit is less that it would be if they continued to operate only in the UK!
From: Api 500+bhp MD321T @91dB Probably SN's longest owner of an Impreza Turbo
Originally Posted by BMWhere?
But its not increased profit, its reduced profit because of the additional costs of operating a new location and relocating jobs to that location. I only said the profits still come back to the UK, the profits will still be less than they were before Brexit. Relocating just means the loss to the business caused by Brexit is less that it would be if they continued to operate only in the UK!
No it doesn't, if the net result is greater overall, the company is better off. Of the gross profit is higher but reduced net, then analysis is required to sort out expenses. Even closing down a market to concentrate on others or closer is an option
No it doesn't, if the net result is greater overall, the company is better off. Of the gross profit is higher but reduced net, then analysis is required to sort out expenses. Even closing down a market to concentrate on others or closer is an option
How are profits going to be higher? They are not moving warehousing to the EU to grow the business, they are doing it to reduce losses they are now incurring supplying their existing EU based stores out of the UK! It's purely a case of cutting your losses!
From: Api 500+bhp MD321T @91dB Probably SN's longest owner of an Impreza Turbo
Originally Posted by BMWhere?
How are profits going to be higher? They are not moving warehousing to the EU to grow the business, they are doing it to reduce losses they are now incurring supplying their existing EU based stores out of the UK! It's purely a case of cutting your losses!
You're assuming that the expense of setting up an office or distribution is always going to be more expense with less profit. Our company was supplying from UK pre'16 but clients wanted a local presence before increasing orders. No guarantees, and certainly a risk to the company to invest, but paid in spades in just a short while. Business doesn't give a sh!!t were it comes from as long as it a good service product..
Eu is a closed cartel. We as a country are no longer in it, but good businesses will always find a way. ergo European office. You dont need the EU for that
How do you work that one out Ali? the common market has been going since 1972 which is about 49 years ago and he has been trading for 39 years or have I missed something?
You're assuming that the expense of setting up an office or distribution is always going to be more expense with less profit. Our company was supplying from UK pre'16 but clients wanted a local presence before increasing orders. No guarantees, and certainly a risk to the company to invest, but paid in spades in just a short while. Business doesn't give a sh!!t were it comes from as long as it a good service product..
Eu is a closed cartel. We as a country are no longer in it, but good businesses will always find a way. ergo European office. You dont need the EU for that
By your own admission, your company had never really persued growth in the EU market and Brexit was the kick in the butt they needed to persue growth.
JD Sport is a mature business with a large network of retail outlits accross the EU. Up to now they have had a single supply point from the UK which has been established long before Brexit and with friction free distribution.
I don't know who you work for or what they do or what you do for them, but from what you have said, there seems to be very little in comparrison with the likes of JD Sport. In the cloathing and sporting goods retail sector, there is no growth, you can only hope that you can cut your losses moving to online retail and most companies are way behind the curve on that. In an already very difficult sector, Brexit has thrown a spanner in the works to companies like JD Sport who now have to make unplanned investments to cut out multi-million pound losses that Brexit is inflicting on their distribution network.
Its been 4 years in the making. No sympathy for slow coach companies who didn't mitigate interruption
Tell that to the poor souls who are now going to loose their jobs that their employer would have prefered to keep in the UK on the promise of continued friction free trading with the EU!
Tell that to the poor souls who are now going to loose their jobs that their employer would have prefered to keep in the UK on the promise of continued friction free trading with the EU!
BM, it is blatantly obvious that Andy does not give a **** about anyone other than himself and Elon.
From: Api 500+bhp MD321T @91dB Probably SN's longest owner of an Impreza Turbo
Eu Vnuk law to be scrapped
The insurance law that requires all sorts of home owned vehicles to have insurance will be removed from UK law. It required ride on lawnmower, golf buggies, etc to have insurance whether or not they stay in private land or back garden.
****, so I've been riding my mountfield 827 uninsured! I wonder would I have declare the mods, as I've disabled the safety shut offs (so I can push it when it's stuck and use it without the grass box), and fitted fabricated rose joint track rods.
I did have a 24" Webb with a Villiers engine that was a total liability...it had a sticky engine speed governor and a fly-off clutch lever that had a nasty habit of self-engaging when left running unattended.....it was no slouch it could out-accelerate a 50cc moped ....
I wonder would I have declare the mods, as I've disabled the safety shut offs (so I can push it when it's stuck and use it without the grass box), and fitted fabricated rose joint track rods.
....
