It might, if nothing else, be a telling reminder of how bad it is to undertake such vast and irreversible decisions based upon knowingly false information.
Current Affairs EU In or Out
- Thread starter micknick
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It might, if nothing else, be a telling reminder of how bad it is to undertake such vast and irreversible decisions based upon knowingly false information.
FTSE 250 index is now down 22.5% in dollar terms since the referendum.
AndyC
Player Valuation: £70m
Just had a lengthy phone call with one of our major suppliers - and we spend a humungous amount with them every year - and as a lot of their goods are manufactured in Germany and Austria, they've advised we can expect price increases of 20% upwards from as early as next week (!!) thanks to the collapse of the value of sterling.
To be expected...and you will pass on that cost to folks making the same wage...yet the value of that wage has diminished.
Hard times likely ahead for the average Joe.
AndyC
Player Valuation: £70m
Wish we could... a lot of the business we do is on fixed annual price contracts, so we might be unable to amend our charges until the New Year
If this is a sign of things to come, then our production side could see the order book diminish and that could have the inevitable reduction in overtime and maybe worse.
Wish we could... a lot of the business we do is on fixed annual price contracts, so we might be unable to amend our charges until the New Year
If this is a sign of things to come, then our production side could see the order book diminish and that could have the inevitable reduction in overtime and maybe worse.
Probably a good lesson to have flexibility built into the contract by those negotiating such deals. My company deals in mostly 3 year contracts. There are fixed costs associated with them, but we have a variable cost line built in as well. Defo something like you're dealing with would be passed on.
End of the day a devalued currency will really hurt in the short term for a lot of folks...mostly the common man.
Trade war between the UK and the EU is upped.
France makes strong bid for banking business poised to leave London
France makes strong bid for banking business poised to leave London
bobbydigital
Player Valuation: £1.5m
Wish we could... a lot of the business we do is on fixed annual price contracts, so we might be unable to amend our charges until the New Year
If this is a sign of things to come, then our production side could see the order book diminish and that could have the inevitable reduction in overtime and maybe worse.
Worse to come if/when we actually leave and tariffs/quotas etc are imposed. The severity of which will depend upon the type of industry you are in and the primary market you sell to. There are a lot of businesses where it would not make sense to stay in the UK, there are also a great deal of businesses that will struggle to be able to pass on costs to a shrinking domestic market which will result in decreased production (and possibly more) like you mention in your post.
A lot of damage done already and the limitation of the damage will come down to the deal we can strike with the EU which we have no idea who will be negotiating and what they will be after. No wonder there is so much uncertainty seen in the markets currently.
Smart move really.
Toffee-nerd
Player Valuation: £20m
Not looking good so far really is it.
Customs/tariffs are already imposed on goods coming from outside the EU into the UK. It is called Traditional Own Resources (TOR). It is one ofthe reasons firms locate inside the EU so as not to pay a tariff/custom duty. The UK collects £3.2 billion and sends £2.4 billion (75%) to the EU and keeps £800 million (25%) for administration, this goes into the government coffers. The problem will be if the UK has to pay tariffs to the EU - probably not depending on negotiations. But by leaving the EU, it could mean imports are cheaper if the UK does away with the tariffs on imported goods. But that would depend on trade negotiations with other countries. Which many of the countries in the world, including the commonwealth, already have with the UK through EU Free Trade Agreements.
TheBlueGibbon
Player Valuation: £40m
Could you imagine deporting EU nationals that serve a function in the UK and getting a bunch of overweight retirees in return from the med
roydo
in memoriam - 1965-2024
He makes that out as the greatest struggle ever has been achieved against overwhelming odds.
2 idiots opposed it.
Clap clap.
rascal
Player Valuation: £60m
Wouldn't blame EU nationals if they wanted to leave. Just please don't send us our overweight retirees back.
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