I didn’t say that at all. Forecasts may or may not be a good indicator, but there are no guarantees, and the assumptions and risks identified will drive the strategy. Due diligence is just another form of detailed review that may or may not give the correct answer. Many companies have bought ‘good’ companies and ‘bad’ companies.
When we voted to join the Common Market it was a choice to step into the unknown. Even now we have no idea how the EU will grow, shrink or develop, nobody does. I’ve stated all along that my view of leaving is based upon political and not economical grounds, however it is an absolute fact that once away from the EU the U.K. will have far more freedom to determine future trade agreements in expanding markets and our companies will be liberated from the constricting laws from the EU......
Thanks and I appreciate the reasoned reply.
If your due diligence identified the deal was going to be with a "bad company" - would you still be advocating that merger to your boss?
I can actually identify somewhat with the political/sovereign state line of argument. It didn't/doesn't do enough for me to back a Leave vote but I can see some merit in it (especially for native English people).
Your comment though - that you didn't vote Leave on economic grounds - surely needs ongoing review? If the economic impact will be terrible then surely that must cause you to at least re-consider?
"however it is an absolute fact that once away from the EU the U.K. will have far more freedom to determine future trade agreements in expanding markets and our companies will be liberated from the constricting laws from the EU...."
There's nothing out there to support this statement though. We will get a worse deal with the EU than we have now - that, I believe, is a fact. So any net analysis is starting off on the back foot.
Dealing with the rest of the world has its issues. Do we really want completely free trade with the US? Do we want their cheap chlorinated chickens hammering our farmers? Or what about unlimited cheap Chinese imports where their labour laws are such that we can never compete?
The UK financial services sector alone has major issues in a WTO environment.
Lastly you quoted "restricting laws from the EU". Which laws are these? I'm genuinely interested here and not trying to score points.