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By *oo hot OP Couple
over a year ago
North West |
It looks like British firms are leading the charge of inward investment into... Germany.
According to the FT this morning, retail giants Sports Direct (and others) are committing to European hubs and providing new jobs and investments in Germany.
This was the kind of FDI that Margaret Thatcher foresaw for the UK and why she championed her idea of the Single Market. A dynamic United Kingdom, providing a frictionless gateway to continental Europe. What a great idea that was.
Brexit - the gift that keeps on giving. Day after day after day. |
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By *otMe66Man
over a year ago
Terra Firma |
"It looks like British firms are leading the charge of inward investment into... Germany.
According to the FT this morning, retail giants Sports Direct (and others) are committing to European hubs and providing new jobs and investments in Germany.
This was the kind of FDI that Margaret Thatcher foresaw for the UK and why she championed her idea of the Single Market. A dynamic United Kingdom, providing a frictionless gateway to continental Europe. What a great idea that was.
Brexit - the gift that keeps on giving. Day after day after day."
What is your point, I'm confused |
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"It looks like British firms are leading the charge of inward investment into... Germany.
According to the FT this morning, retail giants Sports Direct (and others) are committing to European hubs and providing new jobs and investments in Germany.
This was the kind of FDI that Margaret Thatcher foresaw for the UK and why she championed her idea of the Single Market. A dynamic United Kingdom, providing a frictionless gateway to continental Europe. What a great idea that was.
Brexit - the gift that keeps on giving. Day after day after day.
What is your point, I'm confused"
I'd imagine the point is that a private UK company is investing in a different country and that the reason for this is Brexit |
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By *oo hot OP Couple
over a year ago
North West |
"It looks like British firms are leading the charge of inward investment into... Germany.
According to the FT this morning, retail giants Sports Direct (and others) are committing to European hubs and providing new jobs and investments in Germany.
This was the kind of FDI that Margaret Thatcher foresaw for the UK and why she championed her idea of the Single Market. A dynamic United Kingdom, providing a frictionless gateway to continental Europe. What a great idea that was.
Brexit - the gift that keeps on giving. Day after day after day.
What is your point, I'm confused"
It is an explainer as to maybe why the number of FDI projects in the UK has been falling in recent years.
Secondly it is an ironic observation that British companies are now having to invest in the EU whereas only a few years ago, they could have invested in improved facilities right here in the UK for the same end result.
Its the constant drip, drip, drip of utterly predictable news stories about the utter stupidity of Brexit that gets me.
One day soon enough, it will be hard to find anyone brave enough to admit that they actually voted for this. |
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So a bloke sells his football club to the Arabs and spends a few quid of it in another country.
Hardly earth shattering.
BTW. Primark (Irish and still in the EU) have been spending money all over the continent for years.
A non story really. |
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By *otMe66Man
over a year ago
Terra Firma |
Sports Direct has a physical presence and they have been pushing for a more dominant slice of the EU market from rivals JD Sport since 2019, is what I have just read.
Before brexit a physical presence, infrastructure and marketing to meet local nuance, along with employing people in the countries they operated would have been a requirement. What has brexit changed about that? |
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By *irldnCouple
over a year ago
Brighton |
"So a bloke sells his football club to the Arabs and spends a few quid of it in another country.
Hardly earth shattering.
BTW. Primark (Irish and still in the EU) have been spending money all over the continent for years.
A non story really."
Except it isn’t a non story. It is one of an ongoing plethora of stories showing the negative impact of brexit.
A lot of Britain’s growth in prosperity over the last 30-40 years was linked into that “gateway to the EU” point.
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"So a bloke sells his football club to the Arabs and spends a few quid of it in another country.
Hardly earth shattering.
BTW. Primark (Irish and still in the EU) have been spending money all over the continent for years.
A non story really.
Except it isn’t a non story. It is one of an ongoing plethora of stories showing the negative impact of brexit.
A lot of Britain’s growth in prosperity over the last 30-40 years was linked into that “gateway to the EU” point.
"
So Primark heavily investing in Germany, Spain and France among others is because Ireland left the EU?
Companies like Sports Direct and Primark invest where they see a market. One is in the EU and the other isn't but both are doing similar. It's got bugger all to do with Brexit.
If they went over the pond and opened up in the US would that be because of Brexit?
Like I said, a non story. |
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"It looks like British firms are leading the charge of inward investment into... Germany.
According to the FT this morning, retail giants Sports Direct (and others) are committing to European hubs and providing new jobs and investments in Germany."
Given that Sports Direct is an importer and retailer of physical goods, they will obviously want to have their distribution hub close to where the customers are. If the customers are in Germany, that's where they will put their hub.
This is nothing to do with Brexit, and all about logistics. |
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By *irldnCouple
over a year ago
Brighton |
"So a bloke sells his football club to the Arabs and spends a few quid of it in another country.
Hardly earth shattering.
BTW. Primark (Irish and still in the EU) have been spending money all over the continent for years.
A non story really.
Except it isn’t a non story. It is one of an ongoing plethora of stories showing the negative impact of brexit.
A lot of Britain’s growth in prosperity over the last 30-40 years was linked into that “gateway to the EU” point.
So Primark heavily investing in Germany, Spain and France among others is because Ireland left the EU?
Companies like Sports Direct and Primark invest where they see a market. One is in the EU and the other isn't but both are doing similar. It's got bugger all to do with Brexit.
If they went over the pond and opened up in the US would that be because of Brexit?
Like I said, a non story."
Can’t speak for the OP but I took this to be less about the specifics in relation to distribution and more about the general drip drip of stories. |
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"It looks like British firms are leading the charge of inward investment into... Germany.
According to the FT this morning, retail giants Sports Direct (and others) are committing to European hubs and providing new jobs and investments in Germany.
This was the kind of FDI that Margaret Thatcher foresaw for the UK and why she championed her idea of the Single Market. A dynamic United Kingdom, providing a frictionless gateway to continental Europe. What a great idea that was.
Brexit - the gift that keeps on giving. Day after day after day."
"San Francisco crime surge sees tech chiefs move to London" |
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for Sports Direct it’s not just an RDC it’s their new european headquarters - to replace the one that is in the UK.
But even if yet another international firm choosing to invest in Europe rather than the UK is a non-story……
…. the trouble is there is an awful lot of these non-stories….to the extent that eventually the story book you started with is now filled with a lot of blank pages…..
but on the upside my toenails are fine at moment ??
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