FabSwingers.com forum: Figures from Next

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

Quite often here we are told of some financial or economic good news and asked to accept that these are because of the Brexit vote.

Today we have bad news from Next which has also resulted in their shares and those of other clothing retailers dropping.*

Are the brexit crew here prepared to accept that this is as a result of Brexit too?

If not, why not?

* Source: BBC radio news today, Radio Newcastle.

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

"Quite often here we are told of some financial or economic good news and asked to accept that these are because of the Brexit vote.

Today we have bad news from Next which has also resulted in their shares and those of other clothing retailers dropping.*

Are the brexit crew here prepared to accept that this is as a result of Brexit too?

If not, why not?

* Source: BBC radio news today, Radio Newcastle."
...haven't seen the report... Are next blaming brexit.

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

"Quite often here we are told of some financial or economic good news and asked to accept that these are because of the Brexit vote.

Today we have bad news from Next which has also resulted in their shares and those of other clothing retailers dropping.*

Are the brexit crew here prepared to accept that this is as a result of Brexit too?

If not, why not?

* Source: BBC radio news today, Radio Newcastle....haven't seen the report... Are next blaming brexit."

Not as far as I know, but then when we're asked to accept that good news is because of Brexit the companies etc involved don't claim it is either.

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

"Quite often here we are told of some financial or economic good news and asked to accept that these are because of the Brexit vote.

Today we have bad news from Next which has also resulted in their shares and those of other clothing retailers dropping.*

Are the brexit crew here prepared to accept that this is as a result of Brexit too?

If not, why not?

* Source: BBC radio news today, Radio Newcastle....haven't seen the report... Are next blaming brexit.

Not as far as I know, but then when we're asked to accept that good news is because of Brexit the companies etc involved don't claim it is either."
..me and hubby always shop in next.. But we have noticed their range of clothing is not as good as it used to be...things are changing in most shopping high Streets..you can't always be top dog on the high Street.. Woolworths being a good example of this.

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By *oi_LucyCouple
over a year ago

Barbados

The Sun ran a piece on the death of the high street last week, and I was surprised to see even they were talking about Brexit vote causing dent I sales due to pound falling:

https://www.thesun.co.uk/news/2507011/battered-high-streets-face-30000-job-losses-in-2017-with-more-household-names-set-to-go-under

Pretty dire predictions

-Matt

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By *entaur_UKMan
over a year ago

Cannock

"The Sun ran a piece on the death of the high street last week, and I was surprised to see even they were talking about Brexit vote causing dent I sales due to pound falling:

https://www.thesun.co.uk/news/2507011/battered-high-streets-face-30000-job-losses-in-2017-with-more-household-names-set-to-go-under

Pretty dire predictions

-Matt

The death of the high street is more to do with a wholesale change in the way people shop now. More and more people now are doing their shopping online in ever increasing numbers. The boom in online shopping has had a negative impact on the high street. Shops have gone bust and disappeared from the high street during our many years of EU membership (someone already mentioned Woolworths, Bhs is another one that springs to mind). Consumer spending on the high street has been pretty good since the Brexit vote, 2016 was a record high spending year in the shops for Halloween, and it was also a record high spending year for Christmas.

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By *oo hotCouple
over a year ago

North West

Next has pretty shit hot clothing competitor called ASOS and they are hurting Next.

Also as mentioned the fall in the GBP will have started to have an effect from December albeit it will be the end of Q1 going into Q2 before we all feel the effects day to day.

We bought a Sofa in October and the sales guy said that as his stock was selling, his replacement wholesale stock was going to be up 15%-20% more expensive than his current retail prices. Mrs Hot thought it was a pitch but in fact the new stock of the sofa we bouight in October was £800 more in the January sale than it was in October.

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By *LCCCouple
over a year ago

Cambridge

Well once we leave we can start growing our own cotton, and making our own clothes in the great British textiles industry.

Make Britain Great again!

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

"The Sun ran a piece on the death of the high street last week, and I was surprised to see even they were talking about Brexit vote causing dent I sales due to pound falling:

https://www.thesun.co.uk/news/2507011/battered-high-streets-face-30000-job-losses-in-2017-with-more-household-names-set-to-go-under

Pretty dire predictions

-Matt

So Centaur, although you are one of the key figures on here that expects us to accept that any good news is at least partly due to Brexit, even in the absence of any actual link, you are not, in any way, prepared to accept that Next's figures have anything to do with it? Is this correct?

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

The whole point of capitalism is like life, you start small, you grow, you get smart, you make money and you die.... And then somebody takes your place at the party!.

The minute you stop innovating your dead in the water and clothing is very cyclical, it's really hard to keep innovating yourself

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By *andS66Couple
over a year ago

Derby

A year ago we spent about £300 at Next. Thus year we spent nothing... went in, but their stock is, quite frankly, awful.

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By *ercuryMan
over a year ago

Grantham

I used to buy a lot of my clothes from Next. They were UK made and good quality.

Not any more and not for the last five years. Quality is poor, prices are high and they never have any stock. They are another BHS in the making.

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

All these comments about Next are interesting, and I agree with many of them, but they're all thread drift

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

"All these comments about Next are interesting, and I agree with many of them, but they're all thread drift

"
.

Sorry... Yes it's a right royal five star bxxxxxxx up!.

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By *hree steps to heavenMan
over a year ago

Saint Albans

"Quite often here we are told of some financial or economic good news and asked to accept that these are because of the Brexit vote.

Today we have bad news from Next which has also resulted in their shares and those of other clothing retailers dropping.*

Are the brexit crew here prepared to accept that this is as a result of Brexit too?

If not, why not?

* Source: BBC radio news today, Radio Newcastle."
Bonmarche he had similar problems last year and this was before Brexit . The clothing market is fiercely competitive and Marks and Spencer have struggled to bring sales and margins back to those in the glory days .

Imported goods are only more expensive because of currency movements which have little to do with Brexit . The other side of the coin is that exports are now much more competitive .

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

"Quite often here we are told of some financial or economic good news and asked to accept that these are because of the Brexit vote.

Today we have bad news from Next which has also resulted in their shares and those of other clothing retailers dropping.*

Are the brexit crew here prepared to accept that this is as a result of Brexit too?

If not, why not?

* Source: BBC radio news today, Radio Newcastle. Bonmarche he had similar problems last year and this was before Brexit . The clothing market is fiercely competitive and Marks and Spencer have struggled to bring sales and margins back to those in the glory days .

Imported goods are only more expensive because of currency movements which have little to do with Brexit . The other side of the coin is that exports are now much more competitive . "

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By *hree steps to heavenMan
over a year ago

Saint Albans

"Quite often here we are told of some financial or economic good news and asked to accept that these are because of the Brexit vote.

Today we have bad news from Next which has also resulted in their shares and those of other clothing retailers dropping.*

Are the brexit crew here prepared to accept that this is as a result of Brexit too?

If not, why not?

* Source: BBC radio news today, Radio Newcastle."
Surely the results of a clothing retailer must depend on styles and how attractive your product is compared to other retailers .This would have nothing to do with Brexit .

Every year a number of plcs announce poor results . Providing the appropriate remedial action is taken most companies will recover short term losses.

A shares performance over a day is irrelevant , what matters is the performance over a period of at least five years , especially as no one can time the markets .

The key issue is what steps next believe that they can take to regain the lost ground .

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

"Quite often here we are told of some financial or economic good news and asked to accept that these are because of the Brexit vote.

Today we have bad news from Next which has also resulted in their shares and those of other clothing retailers dropping.*

Are the brexit crew here prepared to accept that this is as a result of Brexit too?

If not, why not?

* Source: BBC radio news today, Radio Newcastle. Surely the results of a clothing retailer must depend on styles and how attractive your product is compared to other retailers .This would have nothing to do with Brexit .

Every year a number of plcs announce poor results . Providing the appropriate remedial action is taken most companies will recover short term losses.

A shares performance over a day is irrelevant , what matters is the performance over a period of at least five years , especially as no one can time the markets .

The key issue is what steps next believe that they can take to regain the lost ground . "

OK, so the 'rules' on here that state that all good fiancial or economic news is because of Brexit (at least in (large) part) do not apply to bad news.

Strangely, I thought they might not

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By *hree steps to heavenMan
over a year ago

Saint Albans

"Quite often here we are told of some financial or economic good news and asked to accept that these are because of the Brexit vote.

Today we have bad news from Next which has also resulted in their shares and those of other clothing retailers dropping.*

Are the brexit crew here prepared to accept that this is as a result of Brexit too?

If not, why not?

Imported goods are only more expensive because of currency movements which have little to do with Brexit . The other side of the coin is that exports are now much more competitive .

But, Pat, please answer my original question, since any good financial / economic news we are asked to accept is due, at least in part, to Brexit; is it also fair to say that this news is also due, at least in part to Brexit?"
As the stock market will have already factored in the effects of Brexit , I would have thought that today's news is due to Nexts marketing policies , the fact that rents are becoming increasingly more expensive and the intense competition from other on line suppliers .

It is difficult to see how Brexit would impact on Nexts pricing or marketing policies .

Bonmarche had similar problems last year .

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By *otlovefun42Couple
over a year ago

Costa Blanca Spain...

"Quite often here we are told of some financial or economic good news and asked to accept that these are because of the Brexit vote.

Today we have bad news from Next which has also resulted in their shares and those of other clothing retailers dropping.*

Are the brexit crew here prepared to accept that this is as a result of Brexit too?

If not, why not?

Every year a number of plcs announce poor results . Providing the appropriate remedial action is taken most companies will recover short term losses.

A shares performance over a day is irrelevant , what matters is the performance over a period of at least five years , especially as no one can time the markets .

The key issue is what steps next believe that they can take to regain the lost ground . "

0.4% down in a contracting market were most of its competitors are feeling the pinch as well.

The death by 1000 cuts of the high street has been going on for 20 years.

Move on, nothing to see here.

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By *hree steps to heavenMan
over a year ago

Saint Albans

"Quite often here we are told of some financial or economic good news and asked to accept that these are because of the Brexit vote.

Today we have bad news from Next which has also resulted in their shares and those of other clothing retailers dropping.*

Are the brexit crew here prepared to accept that this is as a result of Brexit too?

If not, why not?

Every year a number of plcs announce poor results . Providing the appropriate remedial action is taken most companies will recover short term losses.

A shares performance over a day is irrelevant , what matters is the performance over a period of at least five years , especially as no one can time the markets .

The key issue is what steps next believe that they can take to regain the lost ground .

OK, so the 'rules' on here that state that all good fiancial or economic news is because of Brexit (at least in (large) part) do not apply to bad news.

Strangely, I thought they might not

!"
I thought that the good news was generally due to a companies under riding performance and little to do with Brexit . When people point out the good news they are just reinforcing how strongly companies are performing as a some remainers predicted immediate financial meltdown if we voted to leave .

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By *ercuryMan
over a year ago

Grantham

My teen son buys most of his clothes online.

They are cheaper, they always have his size in and are in his possession the next day. He doesn't have to have a wasted trip to town.

It's the way of the world now. The smart ones will adapt and flourish. Others will die away.

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By *hree steps to heavenMan
over a year ago

Saint Albans

"Quite often here we are told of some financial or economic good news and asked to accept that these are because of the Brexit vote.

Today we have bad news from Next which has also resulted in their shares and those of other clothing retailers dropping.*

Are the brexit crew here prepared to accept that this is as a result of Brexit too?

If not, why not?

* Source: BBC radio news today, Radio Newcastle."
Hi. Nothing to worry about as retail trends change . B +M bargains announced good results yesterday and car sales were at an all time high .

The good news just keeps rolling in.

And the stock market is at an all time high .

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By *hree steps to heavenMan
over a year ago

Saint Albans

"My teen son buys most of his clothes online.

They are cheaper, they always have his size in and are in his possession the next day. He doesn't have to have a wasted trip to town.

It's the way of the world now. The smart ones will adapt and flourish. Others will die away."
Well said . You adopt or die

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By *oi_LucyCouple
over a year ago

Barbados

"My teen son buys most of his clothes online.

They are cheaper, they always have his size in and are in his possession the next day. He doesn't have to have a wasted trip to town.

It's the way of the world now. The smart ones will adapt and flourish. Others will die away. Well said . You adopt or die "

Next IS one of the biggest online clothing retails though. At least it is in our house. We do most of our 'everyday' clothes shopping from them as so convenient. You can order multiple sizes and styles try them on in the comfort of your home the next day and send the rest back.

So I don't doubt the face of the high street is changing with shopping habits. But Next would be one of the ones I thought WERE adapting.

-Matt

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By *ercuryMan
over a year ago

Grantham

"My teen son buys most of his clothes online.

They are cheaper, they always have his size in and are in his possession the next day. He doesn't have to have a wasted trip to town.

It's the way of the world now. The smart ones will adapt and flourish. Others will die away. Well said . You adopt or die

So I don't doubt the face of the high street is changing with shopping habits. But Next would be one of the ones I thought WERE adapting.

-Matt"

Last time I went into one of their stores, it looked exactly like it was the last time I had gone in some years back.

They probably started the online experience, I remember the Next Directory that you had to buy but they look as if they have just been treading water.

I just resent paying high prices for clothes made on the cheap in the Far East. Same applies to M and S, but they are learning and bringing some production back.

Youngsters have brought into the Primark, H and M, Zara etc

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By *isandreTV/TS
over a year ago

Durham

Brexit campaigner Lord Wolfson, chief executive of clothing retailer Next, has called on the government to lay out some of the core principles of its Brexit strategy.

Simon Wolfson, who has previously warned that the British economy would be “finished” if the government pursued an isolationist Brexit course, said: “It would be helpful to understand the principles and objectives of the government with which they are going to enter negotiations.”

He said more openness on immigration policy, which could have a big impact on retail businesses which directly employ a large proportion of EU nationals and whose suppliers are also reliant on immigrant labour, would be particularly helpful.

About 10% of Next’s 51,000 employees are non-UK EU nationals – just over 5,000 people – and are being affected by the government’s refusal to confirm their rights in Britain post Brexit.

The Conservative peer said: “There is uncertainty around Brexit but I would much rather that the government came up with a good plan than something rushed out to get rid of people worried about uncertainty. It would be a mistake to rush it.”

But, while revealing disappointing trading figures for the Christmas period and a gloomy outlook for 2017, Wolfson said he did not think Brexit jitters were stopping people from shopping: “It is more the fact that incomes are likely to be squeezed.”

Wolfson was one of a handful of senior business leaders to openly back Brexit but has said in the past that the referendum vote was about UK independence, not isolation, and the country should be aiming for “an open, global-facing economy”.

Despite backing Brexit, Wolfson has warned that clothing prices are likely to rise by about 5% because of the related fall in the value of the pound against the dollar, which is used to source goods in the far east.'

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By *isandreTV/TS
over a year ago

Durham

So the guy in charge of Next, who was a Brexit campaigner, is saying things are about to get worse as a result of Brexit.

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By *oi_LucyCouple
over a year ago

Barbados

The line:

Wolfson said he did not think Brexit jitters were stopping people from shopping: “It is more the fact that incomes are likely to be squeezed.”

I think is class!

People aren't *worried* about Brexit, they just don't have the money to spend shopping because of it.

-Matt

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By *asyukMan
over a year ago

West London

The only economic movement that you can tie to Brexit is the fall in the currency.

Everything else may make some sense in retrospect, but right now there's no point worrying. The world is also very interconnected despite any easy calls to "take our country back" so what happens here is based on sentiment about the US and China which have both posted better than expected data.

Hiring and investment will pause until a Brexit deal has been signed. Until then companies will continue to make tactical decisions based on what their customers demand. They just won't make any strategic ones. There's no point in us trying to either.

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By *hree steps to heavenMan
over a year ago

Saint Albans

"So the guy in charge of Next, who was a Brexit campaigner, is saying things are about to get worse as a result of Brexit."
Yes but who cares about his opinion. What matters is what the majority of companies think and currently the stock exchange is riding at an all time high. Yesterday it was also announced that car sales were at record levels and another retailer B +M bargains also announced very good results .

In addition out exports are now a lot more competitive due to the falling £.

It looks like we are on to a winner by leaving the EU..

Weir Group have also announced that they will be bringing some jobs back to the UK.

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By *hree steps to heavenMan
over a year ago

Saint Albans

"The line:

Wolfson said he did not think Brexit jitters were stopping people from shopping: “It is more the fact that incomes are likely to be squeezed.”

I think is class!

People aren't *worried* about Brexit, they just don't have the money to spend shopping because of it.

-Matt"
Just a convenient excuse for a poor set of results .

Strangely B and M bargains did not experience these problems when they announced good results .

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By *asyukMan
over a year ago

West London

Just for the record, wages have been pushed down and jobs sent abroad because we, the consumer, remain and leave, demanded lower prices.

Either everyone has to get better educated and do higher value jobs and import or we pay more for actual physical things made here. However, don't doubt that automation will increase and low skilled jobs will be threatened by machines not immigration.

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

Meanwhile in the real world, more bad news for remainers -

The Purchasing Managers index PMI has risen in the manufacturing sector to the highest level for years. Its also risen in the construction sector and the services sector has just reported strong growth. All have predicted growth for and are optimistic about the coming year.

Next? lol, outdated poorly designed tat. My 14 year old wouldn't entertain it

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

"The Sun ran a piece on the death of the high street last week, and I was surprised to see even they were talking about Brexit vote causing dent I sales due to pound falling:

https://www.thesun.co.uk/news/2507011/battered-high-streets-face-30000-job-losses-in-2017-with-more-household-names-set-to-go-under

Pretty dire predictions

-Matt

Online shopping wouldn't necessarily have affected Next though, seeing as they were leaders in online retailing.

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By *oi_LucyCouple
over a year ago

Barbados

"Meanwhile in the real world, more bad news for remainers -

Next? lol, outdated poorly designed tat. My 14 year old wouldn't entertain it"

Bad news for remainers, how? Or do you still have some strange notion that remainers want the country to do badly for some reason? I can't speak for all of course, but I personally want us to succeed.

-Matt

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By *oi_LucyCouple
over a year ago

Barbados

"So the guy in charge of Next, who was a Brexit campaigner, is saying things are about to get worse as a result of Brexit. Yes but who cares about his opinion. What matters is what the majority of companies think and currently the stock exchange is riding at an all time high. Yesterday it was also announced that car sales were at record levels and another retailer B +M bargains also announced very good results .

In addition out exports are now a lot more competitive due to the falling £.

It looks like we are on to a winner by leaving the EU..

Weir Group have also announced that they will be bringing some jobs back to the UK."

Again, Pat, read the whole story and not just the headline:

http://www.bbc.co.uk/news/business-38516247

The SMT predict a 5% drop this year. And the growth this year has been mainly due to fleet buyers and in fact retail sales this year have fallen.

So, yes growth this year is good news. But don't let that prevent you from reading the rest of the story.

-Matt

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By *oi_LucyCouple
over a year ago

Barbados

The B&M case is interesting though. Their CEO said

"We are a value retailer, and value retail does very well in times of economic uncertainty, and consumers are uncertain about what lies ahead with Brexit.”

So looks like they are in the right market at the moment then. I wonder how things will progress. I know that luxury goods always do, counterintuitivly, well in a recession. Will be interesting to see how quickly we get some more certainty from May.

-Matt

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

"Meanwhile in the real world, more bad news for remainers -

Next? lol, outdated poorly designed tat. My 14 year old wouldn't entertain it

-Matt"

I'm sure you do as we all do

bad news in that threads like these will become harder to start

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By *LCCCouple
over a year ago

Cambridge

"Meanwhile in the real world, more bad news for remainers -

Next? lol, outdated poorly designed tat. My 14 year old wouldn't entertain it"

The same index that you have previously called bullshit?

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

"Meanwhile in the real world, more bad news for remainers -

Next? lol, outdated poorly designed tat. My 14 year old wouldn't entertain it

The same index that you have previously called bullshit?

Nope.

Why, is that what you're going to call it now and say we're all doomed?

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By *LCCCouple
over a year ago

Cambridge

"Meanwhile in the real world, more bad news for remainers -

Next? lol, outdated poorly designed tat. My 14 year old wouldn't entertain it

The same index that you have previously called bullshit?

Nope.

Why, is that what you're going to call it now and say we're all doomed?"

You have previously called it bullshit, but now you like what its saying, so you are all over it.

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By *isandreTV/TS
over a year ago

Durham

"Meanwhile in the real world, more bad news for remainers -

Next? lol, outdated poorly designed tat. My 14 year old wouldn't entertain it

The same index that you have previously called bullshit?

Nope.

Why, is that what you're going to call it now and say we're all doomed?"

You definitely were scathing of Markit.

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

"Meanwhile in the real world, more bad news for remainers -

Next? lol, outdated poorly designed tat. My 14 year old wouldn't entertain it

The same index that you have previously called bullshit?

Nope.

Why, is that what you're going to call it now and say we're all doomed?

You have previously called it bullshit, but now you like what its saying, so you are all over it."

I'm sure you'll be able to quote me then or put it into context

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

"Meanwhile in the real world, more bad news for remainers -

Next? lol, outdated poorly designed tat. My 14 year old wouldn't entertain it

The same index that you have previously called bullshit?

Nope.

Why, is that what you're going to call it now and say we're all doomed?

You definitely were scathing of Markit."

never heard of it

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By *isandreTV/TS
over a year ago

Durham

"Meanwhile in the real world, more bad news for remainers -

The last bit about all being optimistic is not at all true, most think it will be more difficult due to price rises and a squeeze on consumers.

But ignoring that, there is much more to your selected statement which is designed to suggest Brexit is not having an effect.

'The JPMorgan Global Manufacturing PMI, compiled by Markit from its business surveys in 28 countries, rose from 52.1 in November to 52.7 in December, its highest since February 2014. The survey has signalled a steady upturn the pace of manufacturing growth in the second half of 2016 after indicating a near-stagnant malaise in the first half of the year. The December survey is broadly indicative of global manufacturing output growing at a robust annual rate of 4-5%.

Expansions were recorded in 20 countries in December with only eight reporting deteriorations. The strongest improvement was seen in the Netherlands, followed by Austria, while Brazil recorded the steepest decline, followed by Malaysia.'

Remind me on where the Netherlands and Austria are?

'While both developed and emerging markets are seeing improved performance, with December’s PMI readings being the highest in over two years in both cases, the latest survey pointed to developed/emerging market divergences.

Broad developed world upturn

The developed world’s growth momentum is broad-based. The US Manufacturing PMI hit a 21-month high in December, while a two-and-a-half year high was seen in the UK. In the Eurozone, manufacturing conditions improved to the greatest extent since April 2011. Japan also saw growth accelerate, the flash PMI rising to its highest for nearly a year.

While developed world growth picked up across all major economies, the drivers of those expansions varied. In the US, the strong dollar curbed export growth slightly but producers benefitted from rising demand in the home market. In the UK, Eurozone and Japan, it was the weakness of currencies, notably against the US dollar, that played a role in driving output higher.'

A two and a half year high in the UK, but a 5 year high in the Eurozone.

On the whole its still good news and better than I expected, but we've always talked about how the big problem was going to be inflation.

I note that the Markit News Release for the UK says

'Growth of employment was maintained for the fifth month running in December. The rate of job creation was unchanged from November’s sevenmonth high, remaining stronger than the long-run survey average. That said, employment growth over 2016 as a whole was weaker than the trends shown in 2013, 2014 and 2015.

Cost pressures remained elevated at the end of 2016. Input prices rose at the second-fastest rate since April 2011, again linked to the weak pound.

Higher food and fuel prices were widely mentioned, while labour, IT and oil-based items such as packaging were also cited as being up in price. As a result, service providers raised their own charges at the fastest rate since April 2011.

Business expectations strengthened in December as firms reported planned marketing efforts, new products, export opportunities, acquisitions and new business premises. That said, sentiment remained weaker than the long-run survey average, weighed down to some extent by uncertainty related to Brexit and forthcoming European elections.'

So it's quite good news but we probably would have been doing better.

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By *obka3Couple
over a year ago

bournemouth

So it's quite good news but we probably would have been doing better."

so instead of it being an immeditate disaster as forecast by the "experts" the story now is Oh well it would have been even better.

Now of course things might go pear shaped or the doom sayers might ne completly wrong again, the truth is no one knows as we are doing something that hasnt been done before but if we want to make a sucess of brexit we can, if we are pessimistic we will fail

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By *LCCCouple
over a year ago

Cambridge

So it's quite good news but we probably would have been doing better.

so instead of it being an immeditate disaster as forecast by the "experts" the story now is Oh well it would have been even better.

But it says that the EU is doing better than the UK, and Leavers are always talking about how the EU is failing, so how do you square that circle?

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

"The line:

Wolfson said he did not think Brexit jitters were stopping people from shopping: “It is more the fact that incomes are likely to be squeezed.”

I think is class!

People aren't *worried* about Brexit, they just don't have the money to spend shopping because of it.

-Matt"

Because a slowly boiled frog doesn't realise he is being cooked perhaps?

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

So it's quite good news but we probably would have been doing better.

so instead of it being an immeditate disaster as forecast by the "experts" the story now is Oh well it would have been even better.

But it says that the EU is doing better than the UK, and Leavers are always talking about how the EU is failing, so how do you square that circle? "

but it doesn't say that does it?

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By *obka3Couple
over a year ago

bournemouth

So it's quite good news but we probably would have been doing better.

so instead of it being an immeditate disaster as forecast by the "experts" the story now is Oh well it would have been even better.

But it says that the EU is doing better than the UK, and Leavers are always talking about how the EU is failing, so how do you square that circle? "

Because the eu economies have in general been much worse performing than us so its easier to improve remind me again of youth unemployment in spain ,greece and italy compared to us

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By *hree steps to heavenMan
over a year ago

Saint Albans

"Quite often here we are told of some financial or economic good news and asked to accept that these are because of the Brexit vote.

Today we have bad news from Next which has also resulted in their shares and those of other clothing retailers dropping.*

Are the brexit crew here prepared to accept that this is as a result of Brexit too?

If not, why not?

* Source: BBC radio news today, Radio Newcastle."
And more good news . Sales at Mountain Warehouse are up by and they will be opening 20 new stores and 250 more jobs .

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By *LCCCouple
over a year ago

Cambridge

"Quite often here we are told of some financial or economic good news and asked to accept that these are because of the Brexit vote.

Today we have bad news from Next which has also resulted in their shares and those of other clothing retailers dropping.*

Are the brexit crew here prepared to accept that this is as a result of Brexit too?

If not, why not?

* Source: BBC radio news today, Radio Newcastle.And more good news . Sales at Mountain Warehouse are up by and they will be opening 20 new stores and 250 more jobs . "

As a result of Brexit?

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

"Quite often here we are told of some financial or economic good news and asked to accept that these are because of the Brexit vote.

Today we have bad news from Next which has also resulted in their shares and those of other clothing retailers dropping.*

Are the brexit crew here prepared to accept that this is as a result of Brexit too?

If not, why not?

* Source: BBC radio news today, Radio Newcastle.And more good news . Sales at Mountain Warehouse are up by and they will be opening 20 new stores and 250 more jobs .

As a result of Brexit? "

Obviously! Come on, it's good news so it must be.

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

"Quite often here we are told of some financial or economic good news and asked to accept that these are because of the Brexit vote.

Today we have bad news from Next which has also resulted in their shares and those of other clothing retailers dropping.*

Are the brexit crew here prepared to accept that this is as a result of Brexit too?

If not, why not?

* Source: BBC radio news today, Radio Newcastle.And more good news . Sales at Mountain Warehouse are up by and they will be opening 20 new stores and 250 more jobs .

As a result of Brexit?

Obviously! Come on, it's good news so it must be.

if not why not?

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

"Quite often here we are told of some financial or economic good news and asked to accept that these are because of the Brexit vote.

Today we have bad news from Next which has also resulted in their shares and those of other clothing retailers dropping.*

Are the brexit crew here prepared to accept that this is as a result of Brexit too?

If not, why not?

* Source: BBC radio news today, Radio Newcastle.And more good news . Sales at Mountain Warehouse are up by and they will be opening 20 new stores and 250 more jobs .

As a result of Brexit?

Obviously! Come on, it's good news so it must be.

if not why not?

Well, it could be, but no-one here has attributed the Next bad news to Brexit. I'd just love it if we could apply the same rules to bad news that we do to good!

That's what bugs me. Just one of our friendly Brexiters saying Next is at least partly due to Brexit like we're expected to accept that any good news is at least partly due to Brexit, but no, stony silence or diversion tactics into all sorts of other things.

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By *otlovefun42Couple
over a year ago

Costa Blanca Spain...

"Quite often here we are told of some financial or economic good news and asked to accept that these are because of the Brexit vote.

Today we have bad news from Next which has also resulted in their shares and those of other clothing retailers dropping.*

Are the brexit crew here prepared to accept that this is as a result of Brexit too?

If not, why not?

* Source: BBC radio news today, Radio Newcastle.And more good news . Sales at Mountain Warehouse are up by and they will be opening 20 new stores and 250 more jobs .

As a result of Brexit?

Obviously! Come on, it's good news so it must be.

if not why not?

Well, it could be, but no-one here has attributed the Next bad news to Brexit. I'd just love it if we could apply the same rules to bad news that we do to good!

Maybe we will when the remainers stop picking up on the slightest bit of negative news and screaming BREXIT from the rooftops.

That little argument cuts both ways.

Oh and from someone who actually sat on a fisheries committee (albeit at a lower level). I can tell you that sitting for hours nodding through everything that (in our case) came from Brussels via MAFF (because we had no choice other than to do so) is mind numbing. Nigel chose to spend his time much more productively.

His attendance in the Parliament itself wasn't that bad compared to most others, it's just that (probably for the same reasons as above) he gave the fisheries committee a wide berth.

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

"His attendance in the Parliament itself wasn't that bad compared to most others, it's just that (probably for the same reasons as above) he gave the fisheries committee a wide berth. "

You're the first one here to say his attendance isn't that bad. The figures quoted and not contradicted by anyone till now are that he has the second worst voting record in the whole parliament.

Haven't checked myself.

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By *hree steps to heavenMan
over a year ago

Saint Albans

"Quite often here we are told of some financial or economic good news and asked to accept that these are because of the Brexit vote.

Today we have bad news from Next which has also resulted in their shares and those of other clothing retailers dropping.*

Are the brexit crew here prepared to accept that this is as a result of Brexit too?

If not, why not?

* Source: BBC radio news today, Radio Newcastle.And more good news . Sales at Mountain Warehouse are up by and they will be opening 20 new stores and 250 more jobs .

As a result of Brexit?

Obviously! Come on, it's good news so it must be.

if not why not?

Well, it could be, but no-one here has attributed the Next bad news to Brexit. I'd just love it if we could apply the same rules to bad news that we do to good!

I don't know of any Remainer here that says everything about the EU is wonderful, etc, we all admit it has faults. But the Brexiters and Faragers just can't seem to admit that their side can have any fault at all. FFS, we can't even get them to admit that Farage's attendance at the European Parliament is shite!"
No one disputes his attendance record . The issue is who cares about it . His time is being put to much better use . Some might have a 100 % attendance record and do nothing . What is the point in that ? .

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By *oi_LucyCouple
over a year ago

Barbados

But those 'fat cat bureaucrats' who we 'waste all our money on'...

-Matt

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By *otlovefun42Couple
over a year ago

Costa Blanca Spain...

"His attendance in the Parliament itself wasn't that bad compared to most others, it's just that (probably for the same reasons as above) he gave the fisheries committee a wide berth.

You're the first one here to say his attendance isn't that bad. The figures quoted and not contradicted by anyone till now are that he has the second worst voting record in the whole parliament.

Haven't checked myself."

Neither have I but there seems to be a clip on Youtube with him speaking at almost every parliamentary session, so it can't be that bad.

I think his attendance at committees and sub committees is a bit poor though, but I can understand why.

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

"But those 'fat cat bureaucrats' who we 'waste all our money on'...

-Matt"

so lets get rid of them all

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By *LCCCouple
over a year ago

Cambridge

"His attendance in the Parliament itself wasn't that bad compared to most others, it's just that (probably for the same reasons as above) he gave the fisheries committee a wide berth.

You're the first one here to say his attendance isn't that bad. The figures quoted and not contradicted by anyone till now are that he has the second worst voting record in the whole parliament.

Haven't checked myself.

Neither have I but there seems to be a clip on Youtube with him speaking at almost every parliamentary session, so it can't be that bad.

I think his attendance at committees and sub committees is a bit poor though, but I can understand why."

If he can't be bothered to take part in committee work, then he shouldn't join the committee. Hell, committee work is part of being a politician, if he doesn't like it, maybe he should get another job.

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By *isandreTV/TS
over a year ago

Durham

So, just to be clear then, the argument here is that our strong economic performance within the EU and all of its associated trading conditions is proof that we were right all along to have voted to get out of it?

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

Ayup, ye olde 'we haven't left yet' argument with a twist

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By *otlovefun42Couple
over a year ago

Costa Blanca Spain...

"His attendance in the Parliament itself wasn't that bad compared to most others, it's just that (probably for the same reasons as above) he gave the fisheries committee a wide berth.

You're the first one here to say his attendance isn't that bad. The figures quoted and not contradicted by anyone till now are that he has the second worst voting record in the whole parliament.

Haven't checked myself.

Neither have I but there seems to be a clip on Youtube with him speaking at almost every parliamentary session, so it can't be that bad.

I think his attendance at committees and sub committees is a bit poor though, but I can understand why.

You obviously don't know how committee members are appointed then.

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By *LCCCouple
over a year ago

Cambridge

"His attendance in the Parliament itself wasn't that bad compared to most others, it's just that (probably for the same reasons as above) he gave the fisheries committee a wide berth.

You're the first one here to say his attendance isn't that bad. The figures quoted and not contradicted by anyone till now are that he has the second worst voting record in the whole parliament.

Haven't checked myself.

Neither have I but there seems to be a clip on Youtube with him speaking at almost every parliamentary session, so it can't be that bad.

I think his attendance at committees and sub committees is a bit poor though, but I can understand why.

You obviously don't know how committee members are appointed then."

Through the D'Hondt system for the parties to get seats on the various committees, not individuals. Farage sits in EFDD in the European parliament and is the leader of the largest party in EFDD (UKIP). Farage is the co-president and co-chair of EFDD.

Are you trying to say that he was forced to take the CFP commitee by his party, against his will, rather than taking a seat on any other committee that the EFDD has won?

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