PDA

View Full Version : More Brexit doom



BrilloPad
26th June 2017, 13:49
https://www.theguardian.com/world/2017/jun/26/an-seeks-early-free-trade-talks-with-uk-amid-brexit-fears-shinzo-abe

BlasterBates
26th June 2017, 15:05
This is more about Japan trying to leverage its weight to get the UK to stay in the single market.


Japan wants to hold early free trade talks with Britain, in a sign of growing concern among the country’s businesses over post-Brexit access to the European market.

Japan’s prime minister, Shinzo Abe, is hoping to soften the blow that Britain’s expected withdrawal from the single market could inflict on Japanese companies by starting informal talks on free trade before Britain leaves the EU, the Nikkei business newspaper said, citing unnamed sources.

What it doesn't sound like is opening up Japan to Japanese companies operating in Britain so that Japanese companies already in Japan can export to Japan from the UK.

scooterscot
26th June 2017, 15:22
Thank goodness Japan is just round the corner. We can blow up the English chunnel now.

VectraMan
26th June 2017, 15:36
Interesting that Japan sees Britain staying in the Single Market as more desirable than having a trade deal with the UK.

scooterscot
26th June 2017, 15:59
Well there's more customers in the EU than the UK. Its economics stupid!

VectraMan
26th June 2017, 16:12
At least we have Haiti.

sasguru
26th June 2017, 16:13
https://www.theguardian.com/world/2017/jun/26/an-seeks-early-free-trade-talks-with-uk-amid-brexit-fears-shinzo-abe

You're now officially a cretin

BrilloPad
26th June 2017, 18:33
You're now officially a cretin

As king of the cretins you would know.

BrilloPad
29th June 2017, 08:35
Rolls Royce secures 7,000 UK jobs after announcing £150m investment | The Independent (http://www.independent.co.uk/news/business/news/rolls-royce-uk-jobs-secure-7000-employees-workers-150-million-investment-british-industry-a7813691.html)

sal
29th June 2017, 10:49
Rolls Royce secures 7,000 UK jobs after announcing £150m investment | The Independent (http://www.independent.co.uk/news/business/news/rolls-royce-uk-jobs-secure-7000-employees-workers-150-million-investment-british-industry-a7813691.html)


Rolls said it had also committed to safeguarding 7,000 jobs after talks with trade unions, pledging that there will be no compulsory redundancies in the East Midlands region for five years.


Rolls employs around 12,000 staff in the East Midlands, of whom 7,000 are covered by the union agreement.

So 5000 are ready for the chopping block, something has got to give after results like this:


The group reported its largest ever loss and one of the biggest in UK corporate history earlier this year, slumping into the red with a pre-tax loss of £4.64 billion for 2016 after a £4.4 billion writedown caused by the collapse of the pound since the Brexit vote, as well as a £671 million penalty to settle bribery allegations.

sasguru
29th June 2017, 10:57
The group reported its largest ever loss and one of the biggest in UK corporate history earlier this year, slumping into the red with a pre-tax loss of £4.64 billion for 2016 after a £4.4 billion writedown caused by the collapse of the pound since the Brexit vote, as well as a £671 million penalty to settle bribery allegations.

For Brexiters, HTH.

The_Equalizer
29th June 2017, 10:59
For Brexiters, HTH.

Aren't companies with such exposure supposed to hedge against such things? I'd be looking long and hard at their risk team.

sal
29th June 2017, 11:02
Aren't companies with such exposure supposed to hedge against such things? I'd be looking long and hard at their risk team.

Yeah I was about to comment that, all these numbers have to be taken with a pinch of salt. As Brexit is a great scapegoat for companies to blame their own failings on

sasguru
29th June 2017, 11:02
Aren't companies with such exposure supposed to hedge against such things? I'd be looking long and hard at their risk team.

Well yes, incompetence at one of Britain's last remaining large industrial concerns, doesn't bode well for Brexit. :laugh:laugh
But looking deeper, perhaps the intellectual level of the country has fallen to such a state that poor judgement is de rigeur?
After all everyone from top to bottom seems to be misjudging the world they live in.

The_Equalizer
29th June 2017, 11:03
Well yes, incompetence at one of Britain's last remaining large industrial concerns, doesn't bode well for Brexit. :laugh:laugh

Rolls-Royce excelled at bribery I'll have you know.

BrilloPad
29th June 2017, 11:29
Just been for coffee with a mate who lost serious amounts of business from Brexit. However he stands by his decision to vote Brexit. Though he did not like the timing. He wanted to wait until Greece and Portugal went bang.

AtW
29th June 2017, 12:25
Aren't companies with such exposure supposed to hedge against such things? I'd be looking long and hard at their risk team.

If I was them I'd be looking hard at Farage and his team...

sasguru
29th June 2017, 12:26
Rolls-Royce excelled at bribery I'll have you know.

Nope they couldn't even do that without being found out. Nil point.

vetran
29th June 2017, 12:30
so they didn't have any foreign currency hedging unlike any other large organisation & they broke the law then got caught. This is of course Brexit's fault.

I can see you are an intellect to respect - oh of course its AssSnob... :winker:

sasguru
29th June 2017, 12:33
so they didn't have any foreign currency hedging unlike any other large organisation & they broke the law then got caught. This is of course Brexit's fault.

I can see you are an intellect to respect - oh of course its AssSnob... :winker:

Don't worry a genius like you will be just fine after Brexit :laugh:laugh:laugh

northernladyuk
29th June 2017, 12:37
Just been for coffee with a mate who lost serious amounts of business from Brexit. However he stands by his decision to vote Brexit.

Does anyone remember the website to mock up the side-of-bus advertisement?

vetran
29th June 2017, 12:40
Don't worry a genius like you will be just fine after Brexit :laugh:laugh:laugh

Yep my spouse is going to sell her ex council house and take me off to Portugal.

sorted :wink

sasguru
29th June 2017, 12:43
Yep my spouse is going to sell her ex council house and take me off to Portugal.

sorted :wink

So you live in a council house? Doesn't surprise me.
Portugal is good place though.

darmstadt
29th June 2017, 16:14
Yep my spouse is going to sell her ex council house and take me off to Portugal.

sorted :wink

Oh dear: https://www.thesun.co.uk/news/3889447/portugal-invasion-festival-albufeira-fight-british-portugese-riot-police-latest/

https://www.portugalinvasion.co.uk/festival

BrilloPad
2nd July 2017, 08:17
UK to withdraw from London Fisheries Convention - BBC News (http://www.bbc.co.uk/news/uk-scotland-40467090)

:yay:

VectraMan
2nd July 2017, 10:19
UK to withdraw from London Fisheries Convention - BBC News (http://www.bbc.co.uk/news/uk-scotland-40467090)

:yay:

British fishing fleets to have less waters to fish in.

:yay:

It will be fun when fisherman start complaining about the new fishing laws.

BlasterBates
2nd July 2017, 11:33
Theresa May could walk out of EU Brexit talks over divorce bill | Politics | News | Express.co.uk (http://www.express.co.uk/news/politics/823729/EU-Brexit-divorce-bill-walk-out-Theresa-May-David-Davis)

fun and games. lets face it, Brexit is a car crash.

:D

Mordac
2nd July 2017, 11:38
Non-British fishing fleets to have less waters to fish in.

:yay:

It will be fun when fisherman start cheering about the new fishing laws.

FTFY

Mordac
2nd July 2017, 11:41
Theresa May could walk out of EU Brexit talks over divorce bill | Politics | News | Express.co.uk (http://www.express.co.uk/news/politics/823729/EU-Brexit-divorce-bill-walk-out-Theresa-May-David-Davis)

fun and games. lets face it, Brexit is a car crash.

:D

This is a car crash:

https://preview.ibb.co/dYpT35/20170503_191734.jpg


HTH.

vetran
2nd July 2017, 11:41
So you live in a council house? Doesn't surprise me.
Portugal is good place though.

:whoosh::whoosh::whoosh::whoosh:
:laugh:laugh:laugh:laugh:laugh:laugh

vetran
2nd July 2017, 11:48
Theresa May could walk out of EU Brexit talks over divorce bill | Politics | News | Express.co.uk (http://www.express.co.uk/news/politics/823729/EU-Brexit-divorce-bill-walk-out-Theresa-May-David-Davis)

fun and games. lets face it, Brexit is a car crash.

:D

I don't know why they earn more and are male, Theresa is poorer & female. Bring on the divorce. We will have the Arc De Triomphe, the Brandenberg Gate & the leaning tower of Pisa. They can keep the crappy EU HQ and the non existent EU Army headquarters Generals Cafe. We expect £350 / day maintenance and they can pay for the kids to go to Uni. Sorted!

Vetran likes breaking bremoaner analogies.

RIP - Golf Club, Your round & divorce is on the critical list.

darmstadt
2nd July 2017, 16:39
UK to withdraw from London Fisheries Convention - BBC News (http://www.bbc.co.uk/news/uk-scotland-40467090)

:yay:

The first step back to the good old days, just what Brexiters want...

http://4.bp.blogspot.com/-gu-YvyuVMx8/T4xBLr-gfZI/AAAAAAAAAp4/hpJV1G_psG8/s1600/2012.04.06+-+Government+Apology+And+Cod+Wars+Payout.jpg

BlasterBates
2nd July 2017, 22:31
Some good news.

Japan to strike free trade deal with the EU (http://www.express.co.uk/news/world/823813/EU-Japan-free-trade-deal-closer-technology-honda-nissan-tokyo)

That should compensate the EU for the loss of business to the UK.

BrilloPad
3rd July 2017, 08:34
Some good news.

Japan to strike free trade deal with the EU (http://www.express.co.uk/news/world/823813/EU-Japan-free-trade-deal-closer-technology-honda-nissan-tokyo)

That should compensate the EU for the loss of business to the UK.

Maybe it will include free movement? Japan has an increasingly aging population and needs some young blood.

The_Equalizer
3rd July 2017, 08:37
The first step back to the good old days, just what Brexiters want...

http://4.bp.blogspot.com/-gu-YvyuVMx8/T4xBLr-gfZI/AAAAAAAAAp4/hpJV1G_psG8/s1600/2012.04.06+-+Government+Apology+And+Cod+Wars+Payout.jpg

Wasn't that about Iceland claiming its territorial waters, just like the UK will now do? :rolleyes:

BrilloPad
3rd July 2017, 08:38
Wasn't that about Iceland claiming its territorial waters, just like the UK will now do? :rolleyes:

UK was sacrificed for NATO interests. When will the UK look after the UK?

northernladyuk
3rd July 2017, 08:42
Wasn't that about Iceland claiming its territorial waters, just like the UK will now do? :rolleyes:

It seems an odd time to be antagonising one of the few allies the UK has left in the EU27. Maybe the DUP twisted May's arm.

Disputed Irish loughs present Brexit conundrum for fishermen | The Independent (http://www.independent.co.uk/news/uk/home-news/disputed-irish-loughs-present-brexit-conundrum-for-fishermen-a7618916.html)

TestMangler
3rd July 2017, 09:10
Wasn't that about Iceland claiming its territorial waters, just like the UK will now do? :rolleyes:

What about the fishermen who will then discover that having their 'own waters' also loses them instant access to a market they rely on ?

The_Equalizer
3rd July 2017, 09:11
What about the fishermen who will then discover that having their 'own waters' also loses them instant access to a market they rely on ?

Best ask them that, although the fisherman I spoke to last week wished they'd "just get on with it".

TestMangler
3rd July 2017, 09:23
Best ask them that, although the fisherman I spoke to last week wished they'd "just get on with it".

Don't know about the whitefish fleet, but, certainly in the langoustine market, there is no real UK market for it. I've got a prawn boat (premium stuff, all creel caught) and the local fishmonger sells that stuff at about 30% less than the proper wholesale price cause, basically, very few people buy them. The catch from my boat goes straight to a processor 3 times a week, who pays top price for tubed prawns (i.e complete and still wriggling). Stuff gets picked up around 3.00 PM and is in France, Spain and Italy being delivered to end buyers the following morning. No single market and no customs union removes that market. Loss of that market will put the two guys who work my boat on the dole and leave me with a worthless licence and a big lump of pretty useless boat.

Generally, the people I know in the fishing industry can't see past todays weather forecast.

The_Equalizer
3rd July 2017, 09:28
Don't know about the whitefish fleet, but, certainly in the langoustine market, there is no real UK market for it. I've got a prawn boat (premium stuff, all creel caught) and the local fishmonger sells that stuff at about 30% less than the proper wholesale price cause, basically, very few people buy them. The catch from my boat goes straight to a processor 3 times a week, who pays top price for tubed prawns (i.e complete and still wriggling). Stuff gets picked up around 3.00 PM and is in France, Spain and Italy being delivered to end buyers the following morning. No single market and no customs union removes that market. Loss of that market will put the two guys who work my boat on the dole and leave me with a worthless licence and a big lump of pretty useless boat.

Generally, the people I know in the fishing industry can't see past todays weather forecast.

I guess the argument is where do the those that buy these Dublin Bay prawns get them from if not the UK fishing fleet?

On another note, it is quite amazing they are not appreciated here. Absolutely lovely.

Oh, and I just found this to see the waters they can be caught in; quite an interesting article if you like that sort of thing ( :o ):

Prawn, Langoustine: A Guide to Handling and Quality - The Fish Site (https://thefishsite.com/articles/prawn-langoustine-a-guide-to-handling-and-quality)

northernladyuk
3rd July 2017, 09:36
I guess the argument is where do the those that buy these Dublin Bay prawns get them from if not the UK fishing fleet?

On another note, it is quite amazing they are not appreciated here. Absolutely lovely.

Oh, and I just found this to see the waters they can be caught in; quite an interesting article if you like that sort of thing ( :o ):

Prawn, Langoustine: A Guide to Handling and Quality - The Fish Site (https://thefishsite.com/articles/prawn-langoustine-a-guide-to-handling-and-quality)

Dublin Bay isn't in UK territorial waters.

The_Equalizer
3rd July 2017, 09:38
Dublin Bay isn't in UK territorial waters.

What's that got to do with the prawns?

TestMangler
3rd July 2017, 09:41
I guess the argument is where do the those that buy these Dublin Bay prawns get them from if not the UK fishing fleet?

On another note, it is quite amazing they are not appreciated here. Absolutely lovely.

Oh, and I just found this to see the waters they can be caught in; quite an interesting article if you like that sort of thing ( :o ):

Prawn, Langoustine: A Guide to Handling and Quality - The Fish Site (https://thefishsite.com/articles/prawn-langoustine-a-guide-to-handling-and-quality)

The Clyde estuary has pretty much no fishing left, same with NW Scotland. It's all langoustine now. The trawled stuff generally is cheaper than the creel caught stuff. Clyde caught stuff also gets good prices based on reputation. It was a great market for a long time, but without free trade and customs union, it will die from a UK perspective.

northernladyuk
3rd July 2017, 09:42
What's that got to do with the prawns?

They are obtainable from outside of UK territorial waters, and this may provide an easier supply chain for EU customers.

The_Equalizer
3rd July 2017, 09:43
They are obtainable from outside of UK territorial waters, and this may provide an easier supply chain for EU customers.

Dublin Bay prawns, scampi and langoustines are one and the same. :rolleyes:

northernladyuk
3rd July 2017, 09:45
Dublin Bay prawns, scampi and langoustines are one and the same. :rolleyes:

I know. The Brexit catastrophe seems to have impaired your sense of fun.

The_Equalizer
3rd July 2017, 09:45
I know. The Brexit catastrophe seems to have impaired your sense of fun.

I never had any.

northernladyuk
3rd July 2017, 09:53
I never had any.

Well you're missing the comedy show.

BlasterBates
3rd July 2017, 10:09
This is a good move to shift the emphasis of the debate to the fish industry which produces about 20 million pounds a year in tax revenue to take everyone's mind off the billions that will be lost from the finance industry post Brexit.

Excellent diversion tactics by the Environment minister.

:D

BrilloPad
12th July 2017, 09:06
UK unemployment drops to 1.49m - BBC News (http://www.bbc.co.uk/news/business-40579523)

UK unemployment fell by 64,000 to 1.49 million in the three months to May, official figures show.

Now all those foreigners who work for peanuts are f**king off the British can get a look in.

scooterscot
12th July 2017, 10:10
Now all those foreigners who work for peanuts are f**king off the British can get a look in.

Oh Dear - down goes productivity again. :rolleyes:

BlasterBates
12th July 2017, 11:55
Wages goes down as high earning foreigners leave (https://www.bloomberg.com/news/articles/2017-07-12/u-k-real-earnings-fall-despite-lowest-unemployment-since-1975)