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The trickle before the torrent

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By *oo hot OP   Couple
over a year ago

North West

Last week MG announced that it was ceasing production at its Longridge plant and cited devaluation of the pound and future uncertainty brought about by Brexit.

In the same week a number of American banks in the City of London demanded clarity over the future relationship with the EU and in particular pas sporting rights and suggested that they would unilaterally start relocating in the absence of clarity.

Today we start the week with this ...

"Reuters"....

Three-quarters of British company bosses are considering moving operations abroad following the vote to leave the European Union, according to a survey published on Monday.

76 percent said they were considering moving either their headquarters or their operations outside Britain because of the June 23 "Brexit" vote.

"CEOs are reacting to the prevailing uncertainty with contingency planning," said Simon Collins, KPMG UK chairman.

The June vote has created uncertainty over Britain's future economic and trade relationship with the European Union.

John Nelson, chairman of Lloyd's of London, told Reuters last week that the insurance market would be ready to move some of its business to the EU as soon as Britain invoked Article 50 of the EU's Lisbon Treaty, which triggers the start of exit from the bloc.

More than 20 European business associations and companies interviewed by Reuters said they backed their governments' position that Britain's banking sector can only enjoy EU market access post-Brexit if the country still follows the bloc's rules.

It's ok though because Brexit means Brexit and we just have to stay positive because the country has spoken....

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By *LCCCouple
over a year ago

Cambridge

People are living in a fantasy land if they think that companies won't relocate some or all of their businesses abroad as a result of Brexit.

As well as businesses, we are going to lose talent as well that will limit growth in our economy.

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By (user no longer on site)
over a year ago

Maybe MG should ask Jaguar how to run a business then. Or any other car manufacturer for that matter. Brexit is a convenient excuse for shit cars and bad management. And the rest is selective conjecture at best. Of course some people are going to come out with shite like that, until it happens, which it won't, it means nothing. Follow the money and the facts

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By (user no longer on site)
over a year ago

It is not a question of if the Eurozone will collapse but when. People will not invest/move to the EU area at least until the uncertainty there has been resolved and the UK will remain the safest bet

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By (user no longer on site)
over a year ago

yadda yadda yadda

this is getting boring now, you 2 deserve each other

Big deal again you found some more forecasts espousing doom for the UK.

Now someone else will bring their spiel about how good we are doing.

It's like you cant wait for the next bit of negativity for you to pounce on and post on here.

Is that all you have, cant you find anything positive to say or is it all doom and, from mainly you OP and your partners in crime CLCC.

Theres a challenge for you see if you can find anything positive to say regarding the UK leaving the EU.

Same challenge to the other side as well, see if you can find something negative to say...... maybe that way you might have an inkling about were the other side is coming from...

Probably not

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By (user no longer on site)
over a year ago

Two pessimist trying to spread Pessimism through brexit

sorry folks, im a big optimist, always have been always will be, I see the good in brexit and laugh when people want to live in a land of doom and gloom

.

come on you two, get a life and live it before you die.

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By *LCCCouple
over a year ago

Cambridge


"Two pessimist trying to spread Pessimism through brexit

sorry folks, im a big optimist, always have been always will be, I see the good in brexit and laugh when people want to live in a land of doom and gloom

.

come on you two, get a life and live it before you die."

So why weren't you optimistic about being in the EU then?

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By (user no longer on site)
over a year ago


"Two pessimist trying to spread Pessimism through brexit

sorry folks, im a big optimist, always have been always will be, I see the good in brexit and laugh when people want to live in a land of doom and gloom

.

come on you two, get a life and live it before you die.

So why weren't you optimistic about being in the EU then? "

Realistically, either way, in or out, the UK will be successful but I think we will have more success standing on our own.

We used to be a great proud nation, some of us are still proud, others think we are worthless, and I disagree with these "others"

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By (user no longer on site)
over a year ago


"Last week MG announced that it was ceasing production at its Longridge plant and cited devaluation of the pound and future uncertainty brought about by Brexit.

"

Devalued pound makes it easier to export so not really following the logic there?

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By *oyce69Man
over a year ago

Driffield

I don't know exactly what they were producing at Longbridge because if my memory serves me correctly they were laying off 25 people, but they were keeping the design site open which employs a lot more.

And lets be honest, they shipped all the machinery out to China within weeks so I can only imagine that the deal struck with the government was that they had to produce cars here and this was their way of fulfilling their side of the contract.

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By *strokeC100Couple
over a year ago

chester

All one can really say at the moment is that the prognostications of disaster have thus far proved wide of the mark. Myself I would be surprised if there were not some negative outcomes at least in the short term. That's why I voted to stay, despite not having any real enthusiasm for the EU as it is presently constituted. The question for me is whether likely losses in respect of those organisations pointed mainly into Europe will be balanced by the opportunities unquestionably there to develop trade with the more dynamic economies in the rest of the world.

I recently had an interesting talk with with an overseas businessman. He commented that many people still tend to think in terms of geographical contiguity, which is almost meaningless in today's world. It's not just the "invisibles"- now a huge part of the economy anyway- where trade is globalised, but containerisation has meant that manufactured goods are virtually as easily traded worldwide as with neighbours. If the world when we joined the Common Market was as it is now the arguments would look very different. Then it was clearly advantageous to us to abandon the trading networks we then had- with the Commonwealth and EFTA - to get into the then dynamic and growing markets of Europe.

It's very different now. Whether we can reestablish those former markets is to me a bigger question than whether we can negotiate some single market deal to keep some overseas banking and maybe other investors happy- though that is not unimportant.

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By *LCCCouple
over a year ago

Cambridge


"Two pessimist trying to spread Pessimism through brexit

sorry folks, im a big optimist, always have been always will be, I see the good in brexit and laugh when people want to live in a land of doom and gloom

.

come on you two, get a life and live it before you die.

So why weren't you optimistic about being in the EU then?

Realistically, either way, in or out, the UK will be successful but I think we will have more success standing on our own.

We used to be a great proud nation, some of us are still proud, others think we are worthless, and I disagree with these "others""

I don't know anyone who thinks the UK is worthless. Are you saying that everyone who voted for remain isn't proud of their country and thinks the UK is worthless?

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By *tillup4funMan
over a year ago

Wakefield


"yadda yadda yadda

this is getting boring now, you 2 deserve each other

Big deal again you found some more forecasts espousing doom for the UK.

Now someone else will bring their spiel about how good we are doing.

It's like you cant wait for the next bit of negativity for you to pounce on and post on here.

Is that all you have, cant you find anything positive to say or is it all doom and, from mainly you OP and your partners in crime CLCC.

Theres a challenge for you see if you can find anything positive to say regarding the UK leaving the EU.

Same challenge to the other side as well, see if you can find something negative to say...... maybe that way you might have an inkling about were the other side is coming from...

Probably not

"

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By (user no longer on site)
over a year ago


"Last week MG announced that it was ceasing production at its Longridge plant and cited devaluation of the pound and future uncertainty brought about by Brexit.

Devalued pound makes it easier to export so not really following the logic there? "

They are trying to say that imported parts are now more expensive. Nobody else seems to be having a problem with that and you're right of course it is, which is why sales of MG cars have risen post referendum. This is something which was planned ages ago

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By (user no longer on site)
over a year ago


"Last week MG announced that it was ceasing production at its Longridge plant and cited devaluation of the pound and future uncertainty brought about by Brexit.

Devalued pound makes it easier to export so not really following the logic there?

They are trying to say that imported parts are now more expensive. Nobody else seems to be having a problem with that and you're right of course it is, which is why sales of MG cars have risen post referendum. This is something which was planned ages ago"

But the idea of building a car is that you sell the finished product for a lot more than the cost of its parts! I get that some costs have gone up but then it should be easier to sell more so I'm surprised if the net result isn't neutral or positive.

As for 'economic uncertainty', that's quite a lose term too. No country really has economic certainty, UK still ranks very well on the best countries to invest in based on our legal system, access to finance, timezone, relative political stability etc

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By (user no longer on site)
over a year ago


"Last week MG announced that it was ceasing production at its Longridge plant and cited devaluation of the pound and future uncertainty brought about by Brexit.

Devalued pound makes it easier to export so not really following the logic there?

They are trying to say that imported parts are now more expensive. Nobody else seems to be having a problem with that and you're right of course it is, which is why sales of MG cars have risen post referendum. This is something which was planned ages ago

But the idea of building a car is that you sell the finished product for a lot more than the cost of its parts! I get that some costs have gone up but then it should be easier to sell more so I'm surprised if the net result isn't neutral or positive.

As for 'economic uncertainty', that's quite a lose term too. No country really has economic certainty, UK still ranks very well on the best countries to invest in based on our legal system, access to finance, timezone, relative political stability etc "

I know.

Noticed on the news Aldi seem to think so too

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By (user no longer on site)
over a year ago


"

Realistically, either way, in or out, the UK will be successful but I think we will have more success standing on our own.

We used to be a great proud nation, some of us are still proud, others think we are worthless, and I disagree with these "others"

I don't know anyone who thinks the UK is worthless. Are you saying that everyone who voted for remain isn't proud of their country and thinks the UK is worthless?"

There you go again with your

""Are you saying "shite" " drivel" "shite""

nonsense again when he said absolutely nothing of the sort.

You don't seem to have a single bleeding good thing to say about the UK anymore and spend all your time now talking our country down & the majority of the population that voted different to you because your vote didn't win.

Spit out that bitter pill your sucking on before your bitterness twists you anymore.

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By *LCCCouple
over a year ago

Cambridge


"

Realistically, either way, in or out, the UK will be successful but I think we will have more success standing on our own.

We used to be a great proud nation, some of us are still proud, others think we are worthless, and I disagree with these "others"

I don't know anyone who thinks the UK is worthless. Are you saying that everyone who voted for remain isn't proud of their country and thinks the UK is worthless?

There you go again with your

""Are you saying "shite" " drivel" "shite""

nonsense again when he said absolutely nothing of the sort.

You don't seem to have a single bleeding good thing to say about the UK anymore and spend all your time now talking our country down & the majority of the population that voted different to you because your vote didn't win.

Spit out that bitter pill your sucking on before your bitterness twists you anymore.

"

To be honest you sound a lot more bitter than I do. I haven't once talked this country down. Brexit and Britain are not the same thing.

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By (user no longer on site)
over a year ago


"

Realistically, either way, in or out, the UK will be successful but I think we will have more success standing on our own.

We used to be a great proud nation, some of us are still proud, others think we are worthless, and I disagree with these "others"

I don't know anyone who thinks the UK is worthless. Are you saying that everyone who voted for remain isn't proud of their country and thinks the UK is worthless?

There you go again with your

""Are you saying "shite" " drivel" "shite""

nonsense again when he said absolutely nothing of the sort.

You don't seem to have a single bleeding good thing to say about the UK anymore and spend all your time now talking our country down & the majority of the population that voted different to you because your vote didn't win.

Spit out that bitter pill your sucking on before your bitterness twists you anymore.

To be honest you sound a lot more bitter than I do. I haven't once talked this country down. Brexit and Britain are not the same thing."

you haven't talked this country down? The UK will thrive post Brexit then won't it?

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By (user no longer on site)
over a year ago

Yes because mg were doing so well pre-brexit. You barely see an mg on the road in the uk were theyre made, ive never seen a single one on the continent so can you explain why brexit has been so detrimental to them?

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By *oo hot OP   Couple
over a year ago

North West


"yadda yadda yadda

this is getting boring now, you 2 deserve each other

Big deal again you found some more forecasts espousing doom for the UK.

Now someone else will bring their spiel about how good we are doing.

It's like you cant wait for the next bit of negativity for you to pounce on and post on here.

Is that all you have, cant you find anything positive to say or is it all doom and, from mainly you OP and your partners in crime CLCC.

Theres a challenge for you see if you can find anything positive to say regarding the UK leaving the EU.

Same challenge to the other side as well, see if you can find something negative to say...... maybe that way you might have an inkling about were the other side is coming from...

Probably not

"

It doesn't really matter about MG closing, it's only 50 or so jobs.....

As for thecAmerican banks, doves really need their American spin bankers and the lost tax will be made up by all the things weevil export to the rest of the world.

As for companies moving out of the U.K. to the EU, so what. We don't need their tax anyway and we can trade with everyone else.

There you go, I made some shit up to make it positive.

As for the EU collapsing that is simply arrogant and wishful thinking from a Brit who feels the need for vindication. The EU will not collapse. It will continue to evolve as it had done since it was formed according to the democratic will of its people. The EU is different today than it was 10 years ago and it will be different in ten years time to what it is today.

Let's be clear, there are a signigicant number of people in this country who do not want to lose the rights and privileges that the EU has provided and they will continue to fight to retain those privileges. These people vary from business leaders to ordinary people. They cannot be ignored because of a divisive referendum that was swung with a less than 4% majority. The last decisive referendum in 1975 had a majority of more than 34%.

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By *oo hot OP   Couple
over a year ago

North West


"Yes because mg were doing so well pre-brexit. You barely see an mg on the road in the uk were theyre made, ive never seen a single one on the continent so can you explain why brexit has been so detrimental to them?"

I can't no. But MG can, just read their press statement.

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By (user no longer on site)
over a year ago


"yadda yadda yadda

this is getting boring now, you 2 deserve each other

Big deal again you found some more forecasts espousing doom for the UK.

Now someone else will bring their spiel about how good we are doing.

It's like you cant wait for the next bit of negativity for you to pounce on and post on here.

Is that all you have, cant you find anything positive to say or is it all doom and, from mainly you OP and your partners in crime CLCC.

Theres a challenge for you see if you can find anything positive to say regarding the UK leaving the EU.

Same challenge to the other side as well, see if you can find something negative to say...... maybe that way you might have an inkling about were the other side is coming from...

Probably not

It doesn't really matter about MG closing, it's only 50 or so jobs.....

As for thecAmerican banks, doves really need their American spin bankers and the lost tax will be made up by all the things weevil export to the rest of the world.

As for companies moving out of the U.K. to the EU, so what. We don't need their tax anyway and we can trade with everyone else.

There you go, I made some shit up to make it positive.

As for the EU collapsing that is simply arrogant and wishful thinking from a Brit who feels the need for vindication. The EU will not collapse. It will continue to evolve as it had done since it was formed according to the democratic will of its people. The EU is different today than it was 10 years ago and it will be different in ten years time to what it is today.

Let's be clear, there are a signigicant number of people in this country who do not want to lose the rights and privileges that the EU has provided and they will continue to fight to retain those privileges. These people vary from business leaders to ordinary people. They cannot be ignored because of a divisive referendum that was swung with a less than 4% majority. The last decisive referendum in 1975 had a majority of more than 34%."

the EU will evolve according to the democratic will of the people? Which people? Oh yes, only the British people at the moment. You don't think the Eurozone will collapse? I thought you were in business? And what has the referendum of 1975 got to do with the EU? The EU didn't exist until 1993

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By (user no longer on site)
over a year ago


"Yes because mg were doing so well pre-brexit. You barely see an mg on the road in the uk were theyre made, ive never seen a single one on the continent so can you explain why brexit has been so detrimental to them?

I can't no. But MG can, just read their press statement."

Just on the MG website now and nothing but good news

The latest that I can find is 22nd Septenber mg motor uk geared up for a successful September !!!!

This from mg.co.uk/news

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By *tillup4funMan
over a year ago

Wakefield


"Yes because mg were doing so well pre-brexit. You barely see an mg on the road in the uk were theyre made, ive never seen a single one on the continent so can you explain why brexit has been so detrimental to them?

I can't no. But MG can, just read their press statement.

Just on the MG website now and nothing but good news

The latest that I can find is 22nd Septenber mg motor uk geared up for a successful September !!!!

This from mg.co.uk/news

"

Its the Remainers still scare mongering they,ll get tired if we just ignore them

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By (user no longer on site)
over a year ago


"Yes because mg were doing so well pre-brexit. You barely see an mg on the road in the uk were theyre made, ive never seen a single one on the continent so can you explain why brexit has been so detrimental to them?

I can't no. But MG can, just read their press statement."

ibe jusy read it, there moving production to china so ball all to do with brexit.

Should I list all the companies that have shut/relocated during our time in the eu and use this as propoganda?

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By (user no longer on site)
over a year ago

Just found it and to be honest I dont think they were doing that good anyway

Looks like about 50 redundancies which is never good

But 400 jobs on the tech side are safe which is good

They will just build the cars in China and export them here

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By (user no longer on site)
over a year ago

So a Longridge car plant is closing again. Would this be the same plant that used to make Rovers? If so then no change there, it's always closing down then opening again.

The U.K. will be better off because of BREXIT, it will take time, and there will be ups and downs.

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By *tillup4funMan
over a year ago

Wakefield


"So a Longridge car plant is closing again. Would this be the same plant that used to make Rovers? If so then no change there, it's always closing down then opening again.

The U.K. will be better off because of BREXIT, it will take time, and there will be ups and downs. "

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By (user no longer on site)
over a year ago


"

Realistically, either way, in or out, the UK will be successful but I think we will have more success standing on our own.

We used to be a great proud nation, some of us are still proud, others think we are worthless, and I disagree with these "others"

I don't know anyone who thinks the UK is worthless. Are you saying that everyone who voted for remain isn't proud of their country and thinks the UK is worthless?

There you go again with your

""Are you saying "shite" " drivel" "shite""

nonsense again when he said absolutely nothing of the sort.

You don't seem to have a single bleeding good thing to say about the UK anymore and spend all your time now talking our country down & the majority of the population that voted different to you because your vote didn't win.

Spit out that bitter pill your sucking on before your bitterness twists you anymore.

To be honest you sound a lot more bitter than I do. I haven't once talked this country down. Brexit and Britain are not the same thing."

There's nothing bitter that I have posted about brexit once where as that's ALL YOU TYPE , every thread about Brexit you post negativity about the vote to leave....

C'mon man for gods sake read what you type, over & over again you complain and moan about the vote to leave and how bad every organisation is saying it's bad this and bad that, you've never a good word to say about the result.

It's because of brexit that Britain is going to be affected for good or for bad.....

""Brexit and Britain are not the same thing""

What the hell is that to mean anyway, it's ludicrous statments you use like that when someone says something truthful to you that you don't like, you always end with some stupid quib or daft ""Are you saying bullshit""

I look forward to seeing you looking forward with a more optimistic view then if you've never talked this Country down.

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By *oo hot OP   Couple
over a year ago

North West


"

Realistically, either way, in or out, the UK will be successful but I think we will have more success standing on our own.

We used to be a great proud nation, some of us are still proud, others think we are worthless, and I disagree with these "others"

I don't know anyone who thinks the UK is worthless. Are you saying that everyone who voted for remain isn't proud of their country and thinks the UK is worthless?

There you go again with your

""Are you saying "shite" " drivel" "shite""

nonsense again when he said absolutely nothing of the sort.

You don't seem to have a single bleeding good thing to say about the UK anymore and spend all your time now talking our country down & the majority of the population that voted different to you because your vote didn't win.

Spit out that bitter pill your sucking on before your bitterness twists you anymore.

To be honest you sound a lot more bitter than I do. I haven't once talked this country down. Brexit and Britain are not the same thing.

There's nothing bitter that I have posted about brexit once where as that's ALL YOU TYPE , every thread about Brexit you post negativity about the vote to leave....

C'mon man for gods sake read what you type, over & over again you complain and moan about the vote to leave and how bad every organisation is saying it's bad this and bad that, you've never a good word to say about the result.

It's because of brexit that Britain is going to be affected for good or for bad.....

""Brexit and Britain are not the same thing""

What the hell is that to mean anyway, it's ludicrous statments you use like that when someone says something truthful to you that you don't like, you always end with some stupid quib or daft ""Are you saying bullshit""

I look forward to seeing you looking forward with a more optimistic view then if you've never talked this Country down.

"

There is nothing good to say about the Brexit vote so why make shit up saying there is? Not a single world or commonwealth leader believe it to be a good thing. Not a single credible economist or economic researcher believe it to be a good thing and already banks and insurance companies are planning a large scale relocation into the EU because there is no clarity over passporting rights.

Don't worry that the financial services sector are the biggest contributor of taxes in the UK we can soon replace it by selling something to someone else on the other side of the world TBA

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By (user no longer on site)
over a year ago


"

Realistically, either way, in or out, the UK will be successful but I think we will have more success standing on our own.

We used to be a great proud nation, some of us are still proud, others think we are worthless, and I disagree with these "others"

I don't know anyone who thinks the UK is worthless. Are you saying that everyone who voted for remain isn't proud of their country and thinks the UK is worthless?

There you go again with your

""Are you saying "shite" " drivel" "shite""

nonsense again when he said absolutely nothing of the sort.

You don't seem to have a single bleeding good thing to say about the UK anymore and spend all your time now talking our country down & the majority of the population that voted different to you because your vote didn't win.

Spit out that bitter pill your sucking on before your bitterness twists you anymore.

To be honest you sound a lot more bitter than I do. I haven't once talked this country down. Brexit and Britain are not the same thing.

There's nothing bitter that I have posted about brexit once where as that's ALL YOU TYPE , every thread about Brexit you post negativity about the vote to leave....

C'mon man for gods sake read what you type, over & over again you complain and moan about the vote to leave and how bad every organisation is saying it's bad this and bad that, you've never a good word to say about the result.

It's because of brexit that Britain is going to be affected for good or for bad.....

""Brexit and Britain are not the same thing""

What the hell is that to mean anyway, it's ludicrous statments you use like that when someone says something truthful to you that you don't like, you always end with some stupid quib or daft ""Are you saying bullshit""

I look forward to seeing you looking forward with a more optimistic view then if you've never talked this Country down.

There is nothing good to say about the Brexit vote so why make shit up saying there is? Not a single world or commonwealth leader believe it to be a good thing. Not a single credible economist or economic researcher believe it to be a good thing and already banks and insurance companies are planning a large scale relocation into the EU because there is no clarity over passporting rights.

Don't worry that the financial services sector are the biggest contributor of taxes in the UK we can soon replace it by selling something to someone else on the other side of the world TBA

"

Name one that is moving

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By *mmabluTV/TS
over a year ago

upton wirral

All the moaners that want Europe so much why do you not emigrate,the Germans take anybody you can all relocate there this country is overcrowded anyway.

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By (user no longer on site)
over a year ago


"

Don't worry that the financial services sector are the biggest contributor of taxes in the UK

"

Also the biggest recipient of bailouts both in the modern era and historically. So swings and roundabouts really. Id rather have some more tech companies here than finial services personally.

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By *mmabluTV/TS
over a year ago

upton wirral


"

Don't worry that the financial services sector are the biggest contributor of taxes in the UK

Also the biggest recipient of bailouts both in the modern era and historically. So swings and roundabouts really. Id rather have some more tech companies here than finial services personally. "
A good point

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By (user no longer on site)
over a year ago

UK economy to outgrow Europe in 3 years.-

German media boss on front page of the Times tomorrow.

Possible? Who knows?

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By (user no longer on site)
over a year ago

If things are so bad here post referendum, how come there are so many people so desperate to get here rather than stay in EU France?

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By (user no longer on site)
over a year ago


"If things are so bad here post referendum, how come there are so many people so desperate to get here rather than stay in EU France?"

cuz its full of French

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By (user no longer on site)
over a year ago

Nobody will move into the Eurozone. Why don't people understand that? It is all bluster

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