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UK economy
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By *oi_Lucy OP Couple
over a year ago
Barbados |
following on from previous thread (trump wiretap one, which ended up talking about the economy)... Mr Centaur had the following to say
"
The UK economy is growing and performing well though, official government figures prove it. According to all the merchants of doom in the Remain camp we should have been in a recession now after the Brexit vote. The Remain pessimists have been proved wrong and the UK economy is projected to be the best performing economy in the G7 this year. The fall in the value of the pound has seen British exports increase and has boosted the UK tourism industry. Consumer confidence remains high, the Chancellor of the Exchequer Philip Hammond said on the BBC Andrew Marr show last Sunday that the UK economy is robust. The UK has a bright and prosperous future outside of the EU.
"
Well considering Hammond has a budget to announce tomorrow, I'd have thought it highly unlikely he'd come on the show and say 'You know what, the economy is fucked. We've fucked it. Here, have it back, I don't want to play anymore'.
And I could point out that pre-brexit predictions of recession were based on A50 being triggered the next day as promised by Cameron before he chucked in the towel once he'd realised what a colossal fuck-up he'd caused. But you know that already, and just ignore it.
-Matt |
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By *oi_Lucy OP Couple
over a year ago
Barbados |
"So are you suggesting that once A50 is invoked this month we will go into recession?"
No, I'm saying that the prediction of a recession the day after the vote was based in part on the fact A50 was to be trigger straight away.
-Matt |
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By *oo hotCouple
over a year ago
North West |
Why is Philip Hammond talking about Brexit proofing the economy? According to some news stories that is what the budget is going to be about.
Why would that be? I understood that the UK will prosper and be £350 million a week better off in clean hard cash, to boot. |
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By (user no longer on site)
over a year ago
|
Well there is one big number to consider :
1,700,000,000,000 which is £1.7 trillion of debt!
Another big number is
50,000,000,000 which is the amount of interest we pay on the debt.
So let's just see what happens next. We need a healthy economy just to pay it! |
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By (user no longer on site)
over a year ago
|
"Well there is one big number to consider :
1,700,000,000,000 which is £1.7 trillion of debt!
Another big number is
50,000,000,000 which is the amount of interest we pay on the debt.
So let's just see what happens next. We need a healthy economy just to pay it!"
.
If the other guy before is right about the pound devaluing by 25% which has caused the stock price to rise then wouldnt that also mean that in effect youve taken 25% of that debt?, im reading and following the thread but getting confused  |
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By *oggoneMan
over a year ago
Derry |
"Why is Philip Hammond talking about Brexit proofing the economy? According to some news stories that is what the budget is going to be about.
Why would that be? I understood that the UK will prosper and be £350 million a week better off in clean hard cash, to boot."
And resurrect Concorde (without the french bits)
PS Anyone want to buy a bus? |
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By *oi_Lucy OP Couple
over a year ago
Barbados |
"Well there is one big number to consider :
1,700,000,000,000 which is £1.7 trillion of debt!
Another big number is
50,000,000,000 which is the amount of interest we pay on the debt.
So let's just see what happens next. We need a healthy economy just to pay it!.
If the other guy before is right about the pound devaluing by 25% which has caused the stock price to rise then wouldnt that also mean that in effect youve taken 25% of that debt?, im reading and following the thread but getting confused "
I don't know... I guess it depends who we borrowed that debt from and what currency it is actually in. If it is in Euros then I think we've just *increased* it by 25% (or whatever the actual devaluation percentage is).
-Matt |
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By (user no longer on site)
over a year ago
|
"Well there is one big number to consider :
1,700,000,000,000 which is £1.7 trillion of debt!
Another big number is
50,000,000,000 which is the amount of interest we pay on the debt.
So let's just see what happens next. We need a healthy economy just to pay it!.
If the other guy before is right about the pound devaluing by 25% which has caused the stock price to rise then wouldnt that also mean that in effect youve taken 25% of that debt?, im reading and following the thread but getting confused
I don't know... I guess it depends who we borrowed that debt from and what currency it is actually in. If it is in Euros then I think we've just *increased* it by 25% (or whatever the actual devaluation percentage is).
-Matt"
.
Im shit with numbers but if were paying 50 followed by loads of zeros a year in interest of whatever and that guy from Dublin was right about the pound value thing are we actually saving loads of this big number that the other person above going on about? I mean if this 25% thing makes things cheaper like the stocks does that also work for this  |
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By *oi_Lucy OP Couple
over a year ago
Barbados |
"Well there is one big number to consider :
1,700,000,000,000 which is £1.7 trillion of debt!
Another big number is
50,000,000,000 which is the amount of interest we pay on the debt.
So let's just see what happens next. We need a healthy economy just to pay it!.
If the other guy before is right about the pound devaluing by 25% which has caused the stock price to rise then wouldnt that also mean that in effect youve taken 25% of that debt?, im reading and following the thread but getting confused
I don't know... I guess it depends who we borrowed that debt from and what currency it is actually in. If it is in Euros then I think we've just *increased* it by 25% (or whatever the actual devaluation percentage is).
-Matt.
Im shit with numbers but if were paying 50 followed by loads of zeros a year in interest of whatever and that guy from Dublin was right about the pound value thing are we actually saving loads of this big number that the other person above going on about? I mean if this 25% thing makes things cheaper like the stocks does that also work for this "
Think of it this way... if you change £100 into euros now, you get less euros than you did last year. That is why holidays to Europe are more expensive for Brits now. So if the debt was originally a figure in Euros (with lots of zeros) then we are going to have to change more pounds to euros to pay it back than we would have had to last year.
But then again, it is just a fucking big number that we will be paying back for decades and probably never pay back... so probably irrelevant.
-Matt |
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By (user no longer on site)
over a year ago
|
"Well there is one big number to consider :
1,700,000,000,000 which is £1.7 trillion of debt!
Another big number is
50,000,000,000 which is the amount of interest we pay on the debt.
So let's just see what happens next. We need a healthy economy just to pay it!.
If the other guy before is right about the pound devaluing by 25% which has caused the stock price to rise then wouldnt that also mean that in effect youve taken 25% of that debt?, im reading and following the thread but getting confused
I don't know... I guess it depends who we borrowed that debt from and what currency it is actually in. If it is in Euros then I think we've just *increased* it by 25% (or whatever the actual devaluation percentage is).
-Matt.
Im shit with numbers but if were paying 50 followed by loads of zeros a year in interest of whatever and that guy from Dublin was right about the pound value thing are we actually saving loads of this big number that the other person above going on about? I mean if this 25% thing makes things cheaper like the stocks does that also work for this
Think of it this way... if you change £100 into euros now, you get less euros than you did last year. That is why holidays to Europe are more expensive for Brits now. So if the debt was originally a figure in Euros (with lots of zeros) then we are going to have to change more pounds to euros to pay it back than we would have had to last year.
But then again, it is just a fucking big number that we will be paying back for decades and probably never pay back... so probably irrelevant.
-Matt"
.
But wouldnt they change their euros into pounds to lend to us?.I mean what would we want to borrow euros for?.
So if they borrowed us 100 pounds but at the old exchange rate it cost them 100 euros say and now we give them 100 pounds back but it only worth 75 euros, then they lost 25 euros?? So whoever we borrowed that big number before of is well pissed lol |
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"Well there is one big number to consider :
1,700,000,000,000 which is £1.7 trillion of debt!
Another big number is
50,000,000,000 which is the amount of interest we pay on the debt.
So let's just see what happens next. We need a healthy economy just to pay it!.
If the other guy before is right about the pound devaluing by 25% which has caused the stock price to rise then wouldnt that also mean that in effect youve taken 25% of that debt?, im reading and following the thread but getting confused
I don't know... I guess it depends who we borrowed that debt from and what currency it is actually in. If it is in Euros then I think we've just *increased* it by 25% (or whatever the actual devaluation percentage is).
-Matt.
Im shit with numbers but if were paying 50 followed by loads of zeros a year in interest of whatever and that guy from Dublin was right about the pound value thing are we actually saving loads of this big number that the other person above going on about? I mean if this 25% thing makes things cheaper like the stocks does that also work for this "
British stocks/goods/services would be cheaper for everyone else because we change our money to pounds to buy the British.
Anything Britain or the British has to pay in Euros or dollars is more expensive.
So if this time last year euros and pounds were the same value. Then your €50 billion debt was 50 billion pounds. If the British pound had lost half its value compared to the euro you'd only get €25 billion for 50 billion pounds. So for the same money you could have cleared the debt with last year will only clear half the debt this year. |
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"Well there is one big number to consider :
1,700,000,000,000 which is £1.7 trillion of debt!
Another big number is
50,000,000,000 which is the amount of interest we pay on the debt.
So let's just see what happens next. We need a healthy economy just to pay it!.
If the other guy before is right about the pound devaluing by 25% which has caused the stock price to rise then wouldnt that also mean that in effect youve taken 25% of that debt?, im reading and following the thread but getting confused
I don't know... I guess it depends who we borrowed that debt from and what currency it is actually in. If it is in Euros then I think we've just *increased* it by 25% (or whatever the actual devaluation percentage is).
-Matt.
Im shit with numbers but if were paying 50 followed by loads of zeros a year in interest of whatever and that guy from Dublin was right about the pound value thing are we actually saving loads of this big number that the other person above going on about? I mean if this 25% thing makes things cheaper like the stocks does that also work for this
Think of it this way... if you change £100 into euros now, you get less euros than you did last year. That is why holidays to Europe are more expensive for Brits now. So if the debt was originally a figure in Euros (with lots of zeros) then we are going to have to change more pounds to euros to pay it back than we would have had to last year.
But then again, it is just a fucking big number that we will be paying back for decades and probably never pay back... so probably irrelevant.
-Matt.
But wouldnt they change their euros into pounds to lend to us?.I mean what would we want to borrow euros for?.
So if they borrowed us 100 pounds but at the old exchange rate it cost them 100 euros say and now we give them 100 pounds back but it only worth 75 euros, then they lost 25 euros?? So whoever we borrowed that big number before of is well pissed lol"
Typically its agreed at the time what currency the debt will be settled in for international deals like this. So any european debt owed by the British government would have almost always (if not every single time) have been owed in euros. So instead of the EU losing out on 25% the UK now has to pay the difference as well.
When the UK lends money to other countries they do the same thing and the debt is settled with pounds rather than the currency of the country they lent it to. |
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By (user no longer on site)
over a year ago
|
Correct me if I'm wrong but isn't the issue the 1.7 trillion national debt’s size compared with the size of the economy, or the nation’s gross domestic product (GDP). |
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By (user no longer on site)
over a year ago
|
The figure is in £ sterling. £1.7 trillion is what M r Hammond quoted on Sunday. Last June it was only £1.4 trillion! Makes £350 million look a small number - especially when rebates brought it down to £170M. I assume that the interest is charged like a mortgage - no idea! It's like playing monopoly!
|
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By (user no longer on site)
over a year ago
|
"Correct me if I'm wrong but isn't the issue the 1.7 trillion national debt’s size compared with the size of the economy, or the nation’s gross domestic product (GDP)."
Yes absolutely correct!
But in order to service it we need a good economy.
Having had North Sea Oil revenues, privatisation of numerous state industries, sold off a vast number of council houses - why are we so badly in debt? Bad governments over the last 50 year's. Let's hope they can do better in the future! |
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QE will lead to huge recession, this next time i predict the worst in history on global scale
i see the same signs every place i look, building apartments buy to let (worked out great in 2008) nothing has changed apart from the debt levels are double, the problem is fractional reserve banking and debt based currency on the systems part and people living beyond means which allows the con to continue |
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By (user no longer on site)
over a year ago
|
"So are you suggesting that once A50 is invoked this month we will go into recession?
No, I'm saying that the prediction of a recession the day after the vote was based in part on the fact A50 was to be trigger straight away.
-Matt"
So what difference does it make when it is triggered? Did you believe Cameron at the time? And if so then surely you must believe we will go into recession when it is triggered? (I know it takes 2 quarters but that is besides the point) Or did you believe that Cameron was either talking bollocks or lying? |
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By (user no longer on site)
over a year ago
|
"Well there is one big number to consider :
1,700,000,000,000 which is £1.7 trillion of debt!
Another big number is
50,000,000,000 which is the amount of interest we pay on the debt.
So let's just see what happens next. We need a healthy economy just to pay it!.
If the other guy before is right about the pound devaluing by 25% which has caused the stock price to rise then wouldnt that also mean that in effect youve taken 25% of that debt?, im reading and following the thread but getting confused
I don't know... I guess it depends who we borrowed that debt from and what currency it is actually in. If it is in Euros then I think we've just *increased* it by 25% (or whatever the actual devaluation percentage is).
-Matt.
Im shit with numbers but if were paying 50 followed by loads of zeros a year in interest of whatever and that guy from Dublin was right about the pound value thing are we actually saving loads of this big number that the other person above going on about? I mean if this 25% thing makes things cheaper like the stocks does that also work for this
Think of it this way... if you change £100 into euros now, you get less euros than you did last year. That is why holidays to Europe are more expensive for Brits now. So if the debt was originally a figure in Euros (with lots of zeros) then we are going to have to change more pounds to euros to pay it back than we would have had to last year.
But then again, it is just a fucking big number that we will be paying back for decades and probably never pay back... so probably irrelevant.
-Matt.
But wouldnt they change their euros into pounds to lend to us?.I mean what would we want to borrow euros for?.
So if they borrowed us 100 pounds but at the old exchange rate it cost them 100 euros say and now we give them 100 pounds back but it only worth 75 euros, then they lost 25 euros?? So whoever we borrowed that big number before of is well pissed lol
Typically its agreed at the time what currency the debt will be settled in for international deals like this. So any european debt owed by the British government would have almost always (if not every single time) have been owed in euros. So instead of the EU losing out on 25% the UK now has to pay the difference as well.
When the UK lends money to other countries they do the same thing and the debt is settled with pounds rather than the currency of the country they lent it to."
.
I just googled it,its pretty crazy, we owe 30% to the bank of England which we own?.
30% to foreign investors via bonds that are paid out in pounds?(not euros).
15% to banks, which we own and lol 20% to pension companies, which is ourselves and were paying everyone out in pounds which are worth 25% less, it seems were all getting screwed  |
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By (user no longer on site)
over a year ago
|
"Correct me if I'm wrong but isn't the issue the 1.7 trillion national debt’s size compared with the size of the economy, or the nation’s gross domestic product (GDP)."
.
I just googled that as well, it looks up as well from what I can see, is that up because the pound is down? I dont know how these things work |
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By (user no longer on site)
over a year ago
|
"Why is Philip Hammond talking about Brexit proofing the economy? According to some news stories that is what the budget is going to be about.
Why would that be? I understood that the UK will prosper and be £350 million a week better off in clean hard cash, to boot.
And resurrect Concorde (without the french bits)
PS Anyone want to buy a bus?"
Was that a joke? |
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By (user no longer on site)
over a year ago
|
"So are you suggesting that once A50 is invoked this month we will go into recession?
No, I'm saying that the prediction of a recession the day after the vote was based in part on the fact A50 was to be trigger straight away.
-Matt
So what difference does it make when it is triggered? Did you believe Cameron at the time? And if so then surely you must believe we will go into recession when it is triggered? (I know it takes 2 quarters but that is besides the point) Or did you believe that Cameron was either talking bollocks or lying?"
Let's agree. Everyone is talking bollox. |
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By (user no longer on site)
over a year ago
|
"
Let's agree. Everyone is talking bollox."
.
Its hard to know who isnt to be honest I just googled some stuff and what Google says is completely different to what people say, now I dont know if im reading it wrong or there wrong or its something completely different  |
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By (user no longer on site)
over a year ago
|
"following on from previous thread (trump wiretap one, which ended up talking about the economy)... Mr Centaur had the following to say
The UK economy is growing and performing well though, official government figures prove it. According to all the merchants of doom in the Remain camp we should have been in a recession now after the Brexit vote. The Remain pessimists have been proved wrong and the UK economy is projected to be the best performing economy in the G7 this year. The fall in the value of the pound has seen British exports increase and has boosted the UK tourism industry. Consumer confidence remains high, the Chancellor of the Exchequer Philip Hammond said on the BBC Andrew Marr show last Sunday that the UK economy is robust. The UK has a bright and prosperous future outside of the EU.
Well considering Hammond has a budget to announce tomorrow, I'd have thought it highly unlikely he'd come on the show and say 'You know what, the economy is fucked. We've fucked it. Here, have it back, I don't want to play anymore'.
And I could point out that pre-brexit predictions of recession were based on A50 being triggered the next day as promised by Cameron before he chucked in the towel once he'd realised what a colossal fuck-up he'd caused. But you know that already, and just ignore it.
-Matt"
 More good news to day . The OECD predict that the UK economy will expand by 1.6 % this year which is an uplift of 0.4 % . This is of course in addition to a strongly performing stock market .
The Bank of England predicts 2 % growth in 2017.
Currently the future looks bright .
Just look at the number of new cars sold in the UK last year or the number of people buying expensive cups of coffee in cafes .
Our booming economy of course provides the funds via taxation to help the less well off . |
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By *oi_Lucy OP Couple
over a year ago
Barbados |
"So are you suggesting that once A50 is invoked this month we will go into recession?
No, I'm saying that the prediction of a recession the day after the vote was based in part on the fact A50 was to be trigger straight away.
-Matt
So what difference does it make when it is triggered? Did you believe Cameron at the time? And if so then surely you must believe we will go into recession when it is triggered? (I know it takes 2 quarters but that is besides the point) Or did you believe that Cameron was either talking bollocks or lying?"
I have pretty much always thought camereron was lying or talking bollocks every time he opened his mouth, but that is besides the point.
What do you mean what difference does it make when A50 is triggered? The predictions for the economical outlook of the country was based on a number of things happening. Those things did not happen and other things did happen. So the predicted events might not be the same. Surely this is pretty obvious?
-Matt |
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By (user no longer on site)
over a year ago
|
"Well there is one big number to consider :
1,700,000,000,000 which is £1.7 trillion of debt!
Another big number is
50,000,000,000 which is the amount of interest we pay on the debt.
So let's just see what happens next. We need a healthy economy just to pay it!.
If the other guy before is right about the pound devaluing by 25% which has caused the stock price to rise then wouldnt that also mean that in effect youve taken 25% of that debt?, im reading and following the thread but getting confused
I don't know... I guess it depends who we borrowed that debt from and what currency it is actually in. If it is in Euros then I think we've just *increased* it by 25% (or whatever the actual devaluation percentage is).
-Matt.
Im shit with numbers but if were paying 50 followed by loads of zeros a year in interest of whatever and that guy from Dublin was right about the pound value thing are we actually saving loads of this big number that the other person above going on about? I mean if this 25% thing makes things cheaper like the stocks does that also work for this
Think of it this way... if you change £100 into euros now, you get less euros than you did last year. That is why holidays to Europe are more expensive for Brits now. So if the debt was originally a figure in Euros (with lots of zeros) then we are going to have to change more pounds to euros to pay it back than we would have had to last year.
But then again, it is just a fucking big number that we will be paying back for decades and probably never pay back... so probably irrelevant.
-Matt.
But wouldnt they change their euros into pounds to lend to us?.I mean what would we want to borrow euros for?.
So if they borrowed us 100 pounds but at the old exchange rate it cost them 100 euros say and now we give them 100 pounds back but it only worth 75 euros, then they lost 25 euros?? So whoever we borrowed that big number before of is well pissed lol
Typically its agreed at the time what currency the debt will be settled in for international deals like this. So any european debt owed by the British government would have almost always (if not every single time) have been owed in euros. So instead of the EU losing out on 25% the UK now has to pay the difference as well.
When the UK lends money to other countries they do the same thing and the debt is settled with pounds rather than the currency of the country they lent it to."
.
Again this could be me being thick but dont people buy bonds to lend us money and they buy them in pounds and we pay them out in pounds, or at least thats how im reading it on Google?.
So im not really following your information here. |
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By (user no longer on site)
over a year ago
|
"So are you suggesting that once A50 is invoked this month we will go into recession?
No, I'm saying that the prediction of a recession the day after the vote was based in part on the fact A50 was to be trigger straight away.
-Matt
So what difference does it make when it is triggered? Did you believe Cameron at the time? And if so then surely you must believe we will go into recession when it is triggered? (I know it takes 2 quarters but that is besides the point) Or did you believe that Cameron was either talking bollocks or lying?
I have pretty much always thought camereron was lying or talking bollocks every time he opened his mouth, but that is besides the point.
What do you mean what difference does it make when A50 is triggered? The predictions for the economical outlook of the country was based on a number of things happening. Those things did not happen and other things did happen. So the predicted events might not be the same. Surely this is pretty obvious?
-Matt"
or an excuse. Other than A50 being invoked, it was based on what other things happening? |
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By (user no longer on site)
over a year ago
|
"So are you suggesting that once A50 is invoked this month we will go into recession?
No, I'm saying that the prediction of a recession the day after the vote was based in part on the fact A50 was to be trigger straight away.
-Matt
So what difference does it make when it is triggered? Did you believe Cameron at the time? And if so then surely you must believe we will go into recession when it is triggered? (I know it takes 2 quarters but that is besides the point) Or did you believe that Cameron was either talking bollocks or lying?
I have pretty much always thought camereron was lying or talking bollocks every time he opened his mouth, but that is besides the point.
What do you mean what difference does it make when A50 is triggered? The predictions for the economical outlook of the country was based on a number of things happening. Those things did not happen and other things did happen. So the predicted events might not be the same. Surely this is pretty obvious?
-Matt"
Page 32 of today's Evening Standard does not share this pessimistic view. UK growth is forecast at 1.6 % and uplift of 0.4 % since the previous prediction. |
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By *oi_Lucy OP Couple
over a year ago
Barbados |
"So are you suggesting that once A50 is invoked this month we will go into recession?
No, I'm saying that the prediction of a recession the day after the vote was based in part on the fact A50 was to be trigger straight away.
-Matt
So what difference does it make when it is triggered? Did you believe Cameron at the time? And if so then surely you must believe we will go into recession when it is triggered? (I know it takes 2 quarters but that is besides the point) Or did you believe that Cameron was either talking bollocks or lying?
I have pretty much always thought camereron was lying or talking bollocks every time he opened his mouth, but that is besides the point.
What do you mean what difference does it make when A50 is triggered? The predictions for the economical outlook of the country was based on a number of things happening. Those things did not happen and other things did happen. So the predicted events might not be the same. Surely this is pretty obvious?
-Matt
or an excuse. Other than A50 being invoked, it was based on what other things happening?"
An excuse for what? The economy doing better than predicted? Oh no! Why are you so determined that the UK should fail? Why is the fact the economy is doing better than predicted piss you off so much?
-Matt |
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By *oi_Lucy OP Couple
over a year ago
Barbados |
"So are you suggesting that once A50 is invoked this month we will go into recession?
No, I'm saying that the prediction of a recession the day after the vote was based in part on the fact A50 was to be trigger straight away.
-Matt
So what difference does it make when it is triggered? Did you believe Cameron at the time? And if so then surely you must believe we will go into recession when it is triggered? (I know it takes 2 quarters but that is besides the point) Or did you believe that Cameron was either talking bollocks or lying?
I have pretty much always thought camereron was lying or talking bollocks every time he opened his mouth, but that is besides the point.
What do you mean what difference does it make when A50 is triggered? The predictions for the economical outlook of the country was based on a number of things happening. Those things did not happen and other things did happen. So the predicted events might not be the same. Surely this is pretty obvious?
-Matt Page 32 of today's Evening Standard does not share this pessimistic view. UK growth is forecast at 1.6 % and uplift of 0.4 % since the previous prediction. "
Awesome. Good news.
And the above is not pessimistic. Pointing out that predictions might change when the underlying assumptions change is just basic common sense. Dogmatically holding a view in light of changing information is a pretty stupid and pig headed way of approaching life.
-Matt |
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By (user no longer on site)
over a year ago
|
"So are you suggesting that once A50 is invoked this month we will go into recession?
No, I'm saying that the prediction of a recession the day after the vote was based in part on the fact A50 was to be trigger straight away.
-Matt
So what difference does it make when it is triggered? Did you believe Cameron at the time? And if so then surely you must believe we will go into recession when it is triggered? (I know it takes 2 quarters but that is besides the point) Or did you believe that Cameron was either talking bollocks or lying?
I have pretty much always thought camereron was lying or talking bollocks every time he opened his mouth, but that is besides the point.
What do you mean what difference does it make when A50 is triggered? The predictions for the economical outlook of the country was based on a number of things happening. Those things did not happen and other things did happen. So the predicted events might not be the same. Surely this is pretty obvious?
-Matt
or an excuse. Other than A50 being invoked, it was based on what other things happening?
An excuse for what? The economy doing better than predicted? Oh no! Why are you so determined that the UK should fail? Why is the fact the economy is doing better than predicted piss you off so much?
-Matt"
Bit of deflection there
The predictions of doom we were given were based on nothing more than a Leave vote (and the invoking of A50 if you insist) as well you know. |
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By *andS66Couple
over a year ago
Derby |
"following on from previous thread (trump wiretap one, which ended up talking about the economy)... Mr Centaur had the following to say
The UK economy is growing and performing well though, official government figures prove it. According to all the merchants of doom in the Remain camp we should have been in a recession now after the Brexit vote. The Remain pessimists have been proved wrong and the UK economy is projected to be the best performing economy in the G7 this year. The fall in the value of the pound has seen British exports increase and has boosted the UK tourism industry. Consumer confidence remains high, the Chancellor of the Exchequer Philip Hammond said on the BBC Andrew Marr show last Sunday that the UK economy is robust. The UK has a bright and prosperous future outside of the EU.
Well considering Hammond has a budget to announce tomorrow, I'd have thought it highly unlikely he'd come on the show and say 'You know what, the economy is fucked. We've fucked it. Here, have it back, I don't want to play anymore'.
And I could point out that pre-brexit predictions of recession were based on A50 being triggered the next day as promised by Cameron before he chucked in the towel once he'd realised what a colossal fuck-up he'd caused. But you know that already, and just ignore it.
-Matt"
The treasury report that predicted a recession, 600,000 job losses, fall in house prices of 18%, etc, said 'immediately following a vote to leave' .... It said nothing about 'following triggering article 50'. It even included a table with dates on it.
However, with regard to the pound dropping in value, the IMF, the OECD, the BoE, and plenty of others were saying before the referendum that the pound was overvalued by up to 20%.
Cameron, Osborne, and everybody also said that a vote to leave was a vote to leave the single market. Apparently that 'wasn't the truth', but saying 'if we vote to leave we'll trigger article 50 straight away' was?
FFS. |
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By *asyukMan
over a year ago
West London |
I'm surprised that no one has mentioned Vauxhall/Opal yet.
This is a long to medium term grenade.
Either we maintain free market movement or the UK tax payer Will be handing over a lot in cash or hidden subsidies to all of the automotive companies.
Another financial and political headache unfortunately. |
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"I'm surprised that no one has mentioned Vauxhall/Opal yet.
This is a long to medium term grenade.
Either we maintain free market movement or the UK tax payer Will be handing over a lot in cash or hidden subsidies to all of the automotive companies.
Another financial and political headache unfortunately."
Yet another pessimistic outlook from a Remain doom monger but it has come to be expected from your lot now. Vauxhall/Opal bosses have already said they want to keep the Vauxhall/Opal factories here in the UK after Brexit because it will give them a better base to sell into the world market and not just the EU market. They also know now that with the drop in the value of the pound they can sell the British made cars much more competitively into the world market and UK exports have already increased since the drop in the value of the pound. The UK base already established here is the perfect springboard for Vauxhall/Opal outside of the EU to increase their global sales, global profits and global exports. |
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"The UK base already established here is the perfect springboard for Vauxhall/Opal outside of the EU to increase their global sales, global profits and global exports"
So you're predicting that PSA will be selling Astra's to Holden Cruze buyers and Buick Excell buyers then? |
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"The UK base already established here is the perfect springboard for Vauxhall/Opal outside of the EU to increase their global sales, global profits and global exports
So you're predicting that PSA will be selling Astra's to Holden Cruze buyers and Buick Excell buyers then?"
He's got a point, I'm not convinced there's the foreign market for Vauxhalls that there is for luxury car brands. I mean, how far can you ship a cheap car before transport costs become too much of a factor?
Isn't that why Japanese car manufacturers build factories over here to make their smaller, budget models? |
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By *andS66Couple
over a year ago
Derby |
"The UK base already established here is the perfect springboard for Vauxhall/Opal outside of the EU to increase their global sales, global profits and global exports
So you're predicting that PSA will be selling Astra's to Holden Cruze buyers and Buick Excell buyers then?"
The astra is rebadged and sold as the Buick Excelle actually.
30% of Vauxhall Opal European sales are left hand drive cars for the UK market. |
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By *ercuryMan
over a year ago
Grantham |
"I'm surprised that no one has mentioned Vauxhall/Opal yet.
This is a long to medium term grenade.
Either we maintain free market movement or the UK tax payer Will be handing over a lot in cash or hidden subsidies to all of the automotive companies.
Another financial and political headache unfortunately."
You have to ask why GM sold Vauxhall/Opel.
Brexit may be on their minds but there is plenty of over capacity in the European car market. Several plants will have to close over the next decade but which ones?
Bottom line is old car plants like Luton and Halewood are less than half as profitable as their American counterparts.
As PSA is partly owned by the French Goverment, it's very unlikely that any French plants will close. Redundancy packages are more expensive in Germany than in the UK, and in German election year,expect to see intense lobbying by the Merkel Goverment.
Vauxhall have a product in the Astra, but that comes to an end soon. It's a good product but nowhere near the best product in the marketplace. They need something better and fast.
The decision on the electric Mini is due soon. Will Cowley get this, or will BMW opt for a German plant?
There will be plenty of redundancies in the automotive sector over the next few years.
|
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By *asyukMan
over a year ago
West London |
"I'm surprised that no one has mentioned Vauxhall/Opal yet.
This is a long to medium term grenade.
Either we maintain free market movement or the UK tax payer Will be handing over a lot in cash or hidden subsidies to all of the automotive companies.
Another financial and political headache unfortunately.
Yet another pessimistic outlook from a Remain doom monger but it has come to be expected from your lot now. Vauxhall/Opal bosses have already said they want to keep the Vauxhall/Opal factories here in the UK after Brexit because it will give them a better base to sell into the world market and not just the EU market. They also know now that with the drop in the value of the pound they can sell the British made cars much more competitively into the world market and UK exports have already increased since the drop in the value of the pound. The UK base already established here is the perfect springboard for Vauxhall/Opal outside of the EU to increase their global sales, global profits and global exports."
I thought Europeans couldn't be trusted?
The Americans certainly can't. What does Kraft mean to you?
The UK has some of the most efficient car plants in the world, but the margins on this sector are wafer thin and the supply chains here are deeply pan-European and rely on scale.
If you read properly, I didn't say they'd necessarily shut down, we can just look forward to subsidising them. |
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By *ercuryMan
over a year ago
Grantham |
"I'm surprised that no one has mentioned Vauxhall/Opal yet.
This is a long to medium term grenade.
Either we maintain free market movement or the UK tax payer Will be handing over a lot in cash or hidden subsidies to all of the automotive companies.
Another financial and political headache unfortunately.
Yet another pessimistic outlook from a Remain doom monger but it has come to be expected from your lot now. Vauxhall/Opal bosses have already said they want to keep the Vauxhall/Opal factories here in the UK after Brexit because it will give them a better base to sell into the world market and not just the EU market. They also know now that with the drop in the value of the pound they can sell the British made cars much more competitively into the world market and UK exports have already increased since the drop in the value of the pound. The UK base already established here is the perfect springboard for Vauxhall/Opal outside of the EU to increase their global sales, global profits and global exports.
I thought Europeans couldn't be trusted?
The Americans certainly can't. What does Kraft mean to you?
The UK has some of the most efficient car plants in the world, but the margins on this sector are wafer thin and the supply chains here are deeply pan-European and rely on scale.
If you read properly, I didn't say they'd necessarily shut down, we can just look forward to subsidising them."
I said that several European plants will close over the next few years. I hope that they won't be UK ones but we have to face that possibility.
If we are going down the subsidy route, then maybe better to use that money for autonomous and electric vehicle manufacture. If PSA pull out of Halewood, then let the Goverment take it over and start to build things that we can become world leaders in. Jobs and skills are saved and maybe, just maybe, we can sell a world class product to the world.
LTI are just completing trials on the new electric taxis, something we can export to all those smog ridden cities around the world. |
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"I'm surprised that no one has mentioned Vauxhall/Opal yet.
This is a long to medium term grenade.
Either we maintain free market movement or the UK tax payer Will be handing over a lot in cash or hidden subsidies to all of the automotive companies.
Another financial and political headache unfortunately.
Yet another pessimistic outlook from a Remain doom monger but it has come to be expected from your lot now. Vauxhall/Opal bosses have already said they want to keep the Vauxhall/Opal factories here in the UK after Brexit because it will give them a better base to sell into the world market and not just the EU market. They also know now that with the drop in the value of the pound they can sell the British made cars much more competitively into the world market and UK exports have already increased since the drop in the value of the pound. The UK base already established here is the perfect springboard for Vauxhall/Opal outside of the EU to increase their global sales, global profits and global exports.
I thought Europeans couldn't be trusted?
The Americans certainly can't. What does Kraft mean to you?
The UK has some of the most efficient car plants in the world, but the margins on this sector are wafer thin and the supply chains here are deeply pan-European and rely on scale.
If you read properly, I didn't say they'd necessarily shut down, we can just look forward to subsidising them.
I said that several European plants will close over the next few years. I hope that they won't be UK ones but we have to face that possibility.
If we are going down the subsidy route, then maybe better to use that money for autonomous and electric vehicle manufacture. If PSA pull out of Halewood, then let the Goverment take it over and start to build things that we can become world leaders in. Jobs and skills are saved and maybe, just maybe, we can sell a world class product to the world.
LTI are just completing trials on the new electric taxis, something we can export to all those smog ridden cities around the world. "
Would agree. We have some of the best engineering brains in this country and something innovative and forward thinking like this would be a positive move. Does the present government and it's lack of support in general for heavy industry have lie gumption to do it? I hope they would have where it to be a possibility . |
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By (user no longer on site)
over a year ago
|
"The UK base already established here is the perfect springboard for Vauxhall/Opal outside of the EU to increase their global sales, global profits and global exports
So you're predicting that PSA will be selling Astra's to Holden Cruze buyers and Buick Excell buyers then?
He's got a point, I'm not convinced there's the foreign market for Vauxhalls that there is for luxury car brands. I mean, how far can you ship a cheap car before transport costs become too much of a factor?
Isn't that why Japanese car manufacturers build factories over here to make their smaller, budget models? "
You have a point but Toyota export from Derby to Japan |
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By *oi_Lucy OP Couple
over a year ago
Barbados |
"I'm surprised that no one has mentioned Vauxhall/Opal yet.
This is a long to medium term grenade.
Either we maintain free market movement or the UK tax payer Will be handing over a lot in cash or hidden subsidies to all of the automotive companies.
Another financial and political headache unfortunately.
Yet another pessimistic outlook from a Remain doom monger but it has come to be expected from your lot now. Vauxhall/Opal bosses have already said they want to keep the Vauxhall/Opal factories here in the UK after Brexit because it will give them a better base to sell into the world market and not just the EU market. They also know now that with the drop in the value of the pound they can sell the British made cars much more competitively into the world market and UK exports have already increased since the drop in the value of the pound. The UK base already established here is the perfect springboard for Vauxhall/Opal outside of the EU to increase their global sales, global profits and global exports.
I thought Europeans couldn't be trusted?
The Americans certainly can't. What does Kraft mean to you?
The UK has some of the most efficient car plants in the world, but the margins on this sector are wafer thin and the supply chains here are deeply pan-European and rely on scale.
If you read properly, I didn't say they'd necessarily shut down, we can just look forward to subsidising them.
I said that several European plants will close over the next few years. I hope that they won't be UK ones but we have to face that possibility.
If we are going down the subsidy route, then maybe better to use that money for autonomous and electric vehicle manufacture. If PSA pull out of Halewood, then let the Goverment take it over and start to build things that we can become world leaders in. Jobs and skills are saved and maybe, just maybe, we can sell a world class product to the world.
LTI are just completing trials on the new electric taxis, something we can export to all those smog ridden cities around the world. "
Good news with the taxis. Since going bust a few years back and being bought by the Chinese they seem to be doing a lot better. Hopefully they can continue. I'm guessing their owners might be eyeing up sales in their domestic market.
In that interview with Ford's CEO in which he said their latest move was nothing to do with Trump, despite him trying to claim credit for it, the CEO said something like they were planning on 17 new electric models. Including an electric F150 pickup. Quite a bold move. But it seems that the move to electric is finally having a pretty big effect on the auto industry.
-Matt |
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By *asyukMan
over a year ago
West London |
"
I said that several European plants will close over the next few years. I hope that they won't be UK ones but we have to face that possibility.
If we are going down the subsidy route, then maybe better to use that money for autonomous and electric vehicle manufacture. If PSA pull out of Halewood, then let the Goverment take it over and start to build things that we can become world leaders in. Jobs and skills are saved and maybe, just maybe, we can sell a world class product to the world.
LTI are just completing trials on the new electric taxis, something we can export to all those smog ridden cities around the world.
Would agree. We have some of the best engineering brains in this country and something innovative and forward thinking like this would be a positive move. Does the present government and it's lack of support in general for heavy industry have lie gumption to do it? I hope they would have where it to be a possibility ."
Government is exceptionally bad at spotting and encouraging innovation. It grows out of industry and a vibrant supplier base and university research.
It's certainly bad at running companies. British Leyland?
The engineering brains do not have to stay. We have, in fact, been hoovering them up from all over Europe and even further afield.
LTI is Chinese owned and tiny. Don't count on manufacturing staying here if the big markets are in the Far East.
Ultimately we are going to be running faster to stand still let alone develop. |
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By (user no longer on site)
over a year ago
|
"What it will do is incentivise them to source locally made parts more, creating jobs
You don't understand what "scale" means then.
Fair enough."
Really? Well I'm just echoing the words of the boss of Peugot |
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By *ercuryMan
over a year ago
Grantham |
"
I said that several European plants will close over the next few years. I hope that they won't be UK ones but we have to face that possibility.
If we are going down the subsidy route, then maybe better to use that money for autonomous and electric vehicle manufacture. If PSA pull out of Halewood, then let the Goverment take it over and start to build things that we can become world leaders in. Jobs and skills are saved and maybe, just maybe, we can sell a world class product to the world.
LTI are just completing trials on the new electric taxis, something we can export to all those smog ridden cities around the world.
Would agree. We have some of the best engineering brains in this country and something innovative and forward thinking like this would be a positive move. Does the present government and it's lack of support in general for heavy industry have lie gumption to do it? I hope they would have where it to be a possibility .
Government is exceptionally bad at spotting and encouraging innovation. It grows out of industry and a vibrant supplier base and university research.
It's certainly bad at running companies. British Leyland?
The engineering brains do not have to stay. We have, in fact, been hoovering them up from all over Europe and even further afield.
LTI is Chinese owned and tiny. Don't count on manufacturing staying here if the big markets are in the Far East.
Ultimately we are going to be running faster to stand still let alone develop."
Small acorns and all that. One thing that Brexit might do, is to focus minds on an industrial and research led Investment programme, something that has been sadly lacking over the last fifty years!
I said many years ago, that you cannot run an economy on nail bars and coffee shops! |
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By (user no longer on site)
over a year ago
|
Morning all you experts 
Im still waiting for somebody smart to get back to me about this 25% thing of the 1.5 trillion and the x amount billon.
The Dublin guy said that we'll pay 25% more because we pay in Euros But when I googled it it looked like we paid in pounds? (Im not good with these things) but to me it looked like Were saving 25% not paying an extra 25% |
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By *oi_Lucy OP Couple
over a year ago
Barbados |
"
I said that several European plants will close over the next few years. I hope that they won't be UK ones but we have to face that possibility.
If we are going down the subsidy route, then maybe better to use that money for autonomous and electric vehicle manufacture. If PSA pull out of Halewood, then let the Goverment take it over and start to build things that we can become world leaders in. Jobs and skills are saved and maybe, just maybe, we can sell a world class product to the world.
LTI are just completing trials on the new electric taxis, something we can export to all those smog ridden cities around the world.
Would agree. We have some of the best engineering brains in this country and something innovative and forward thinking like this would be a positive move. Does the present government and it's lack of support in general for heavy industry have lie gumption to do it? I hope they would have where it to be a possibility .
Government is exceptionally bad at spotting and encouraging innovation. It grows out of industry and a vibrant supplier base and university research.
It's certainly bad at running companies. British Leyland?
The engineering brains do not have to stay. We have, in fact, been hoovering them up from all over Europe and even further afield.
LTI is Chinese owned and tiny. Don't count on manufacturing staying here if the big markets are in the Far East.
Ultimately we are going to be running faster to stand still let alone develop.
Small acorns and all that. One thing that Brexit might do, is to focus minds on an industrial and research led Investment programme, something that has been sadly lacking over the last fifty years!
I said many years ago, that you cannot run an economy on nail bars and coffee shops! "
Very true.
-Matt |
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"The UK base already established here is the perfect springboard for Vauxhall/Opal outside of the EU to increase their global sales, global profits and global exports
So you're predicting that PSA will be selling Astra's to Holden Cruze buyers and Buick Excell buyers then?
The astra is rebadged and sold as the Buick Excelle actually.
30% of Vauxhall Opal European sales are left hand drive cars for the UK market."
Which actually was my point actually because I can't see where these Vauxhall Astra export sales are going to be made when GM already run Buick/Holden/Chevrolet non European operations selling the self same car. |
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"The UK base already established here is the perfect springboard for Vauxhall/Opal outside of the EU to increase their global sales, global profits and global exports
So you're predicting that PSA will be selling Astra's to Holden Cruze buyers and Buick Excell buyers then?
The astra is rebadged and sold as the Buick Excelle actually.
30% of Vauxhall Opal European sales are left hand drive cars for the UK market."
One of the union bosses said yesterday if Vauxhall/Opal want to continue to sell cars in the UK then they will have to keep the factories in the UK. If they close here then they risk losing 30% of their European sales. |
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"Morning all you experts
Im still waiting for somebody smart to get back to me about this 25% thing of the 1.5 trillion and the x amount billon.
The Dublin guy said that we'll pay 25% more because we pay in Euros But when I googled it it looked like we paid in pounds? (Im not good with these things) but to me it looked like Were saving 25% not paying an extra 25% "
HM Treasury issue gilts in a number of different currencies, USD, Euros, Yen, RMB and Canadian dollars so it's a swings and roundabouts calculation. |
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"The UK base already established here is the perfect springboard for Vauxhall/Opal outside of the EU to increase their global sales, global profits and global exports
So you're predicting that PSA will be selling Astra's to Holden Cruze buyers and Buick Excell buyers then?
The astra is rebadged and sold as the Buick Excelle actually.
30% of Vauxhall Opal European sales are left hand drive cars for the UK market.
One of the union bosses said yesterday if Vauxhall/Opal want to continue to sell cars in the UK then they will have to keep the factories in the UK. If they close here then they risk losing 30% of their European sales. "
How will they lose sales if assembly is moved to Belgium Austria or Germany? |
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"I'm surprised that no one has mentioned Vauxhall/Opal yet.
This is a long to medium term grenade.
Either we maintain free market movement or the UK tax payer Will be handing over a lot in cash or hidden subsidies to all of the automotive companies.
Another financial and political headache unfortunately.
Yet another pessimistic outlook from a Remain doom monger but it has come to be expected from your lot now. Vauxhall/Opal bosses have already said they want to keep the Vauxhall/Opal factories here in the UK after Brexit because it will give them a better base to sell into the world market and not just the EU market. They also know now that with the drop in the value of the pound they can sell the British made cars much more competitively into the world market and UK exports have already increased since the drop in the value of the pound. The UK base already established here is the perfect springboard for Vauxhall/Opal outside of the EU to increase their global sales, global profits and global exports.
I thought Europeans couldn't be trusted?
The Americans certainly can't. What does Kraft mean to you?
The UK has some of the most efficient car plants in the world, but the margins on this sector are wafer thin and the supply chains here are deeply pan-European and rely on scale.
If you read properly, I didn't say they'd necessarily shut down, we can just look forward to subsidising them.
I said that several European plants will close over the next few years. I hope that they won't be UK ones but we have to face that possibility.
If we are going down the subsidy route, then maybe better to use that money for autonomous and electric vehicle manufacture. If PSA pull out of Halewood, then let the Goverment take it over and start to build things that we can become world leaders in. Jobs and skills are saved and maybe, just maybe, we can sell a world class product to the world.
LTI are just completing trials on the new electric taxis, something we can export to all those smog ridden cities around the world.
Would agree. We have some of the best engineering brains in this country and something innovative and forward thinking like this would be a positive move. Does the present government and it's lack of support in general for heavy industry have lie gumption to do it? I hope they would have where it to be a possibility ."
Some of the government assurances given to Nissan in Sunderland are said to be more investment in innovation, and latest technology as well as infrastructure improvements around the Sunderland plant. So it seems the government does have the gumption to do it. |
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By (user no longer on site)
over a year ago
|
"Morning all you experts
Im still waiting for somebody smart to get back to me about this 25% thing of the 1.5 trillion and the x amount billon.
The Dublin guy said that we'll pay 25% more because we pay in Euros But when I googled it it looked like we paid in pounds? (Im not good with these things) but to me it looked like Were saving 25% not paying an extra 25%
HM Treasury issue gilts in a number of different currencies, USD, Euros, Yen, RMB and Canadian dollars so it's a swings and roundabouts calculation."
.
Whats a guilt? |
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By (user no longer on site)
over a year ago
|
"Morning all you experts
Im still waiting for somebody smart to get back to me about this 25% thing of the 1.5 trillion and the x amount billon.
The Dublin guy said that we'll pay 25% more because we pay in Euros But when I googled it it looked like we paid in pounds? (Im not good with these things) but to me it looked like Were saving 25% not paying an extra 25%
HM Treasury issue gilts in a number of different currencies, USD, Euros, Yen, RMB and Canadian dollars so it's a swings and roundabouts calculation..
Whats a guilt?"
.
Its ok I googled, its just a UK bond yes?.
Now I looked on the bank of England website and they wrote this about foreign currency debt.
ECS and assigned debt consists of net borrowing – primarily by local government – under the 1969 and subsequent Exchange Cover Schemes. This includes foreign currency borrowed through UK banks and from abroad, the issue of foreign currency securities, and any debt owed under the Scheme by privatised public corporations at the time of privatisation. The final repayment of ECS debt was made on 30 October 2007.
Does this mean we dont have any foreign debt to pay back?? Im not sure.
Also I googled a telegraph article which said foreign investors were getting spanked by inflation? Now if were paying out in Euros why would inflation be worrying them, surely they would be happy as there getting more? Again Im not sure.
What is quite fascinating is this bond debt thing, its something ive never even thought about or had no idea how it worked.
To me it looks like Were getting a saving off our debt via the pound devaluing? Again im not sure though.
So experts what do you lot think? |
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By *oi_Lucy OP Couple
over a year ago
Barbados |
"Some of the government assurances given to Nissan in Sunderland are said to be more investment in innovation, and latest technology as well as infrastructure improvements around the Sunderland plant. So it seems the government does have the gumption to do it. "
Well, I guess we'll never know what actual assurances Nissan were given. All those discussions happened before the govt said it was going for 'hard brexit' and definitely coming out of the customs union. The Nissan CEO has very diplomatically said that it will need to "adjust" it's plans depending on how Brexit turns out. And considering what the VP of Nissan told the Commons International Trade Committee what he wanted for Nissan and what Teresa May is indicating are very different... I think some "adjustment" is going to be very likely.
http://www.independent.co.uk/news/business/news/brexit-latest-news-nissan-uk-business-jobs-7000-employees-car-plant-sunderland-a7603721.html
-Matt |
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"Morning all you experts
Im still waiting for somebody smart to get back to me about this 25% thing of the 1.5 trillion and the x amount billon.
The Dublin guy said that we'll pay 25% more because we pay in Euros But when I googled it it looked like we paid in pounds? (Im not good with these things) but to me it looked like Were saving 25% not paying an extra 25%
HM Treasury issue gilts in a number of different currencies, USD, Euros, Yen, RMB and Canadian dollars so it's a swings and roundabouts calculation..
Whats a guilt?.
Its ok I googled, its just a UK bond yes?.
Now I looked on the bank of England website and they wrote this about foreign currency debt.
ECS and assigned debt consists of net borrowing – primarily by local government – under the 1969 and subsequent Exchange Cover Schemes. This includes foreign currency borrowed through UK banks and from abroad, the issue of foreign currency securities, and any debt owed under the Scheme by privatised public corporations at the time of privatisation. The final repayment of ECS debt was made on 30 October 2007.
Does this mean we dont have any foreign debt to pay back?? Im not sure.
Also I googled a telegraph article which said foreign investors were getting spanked by inflation? Now if were paying out in Euros why would inflation be worrying them, surely they would be happy as there getting more? Again Im not sure.
What is quite fascinating is this bond debt thing, its something ive never even thought about or had no idea how it worked.
To me it looks like Were getting a saving off our debt via the pound devaluing? Again im not sure though.
So experts what do you lot think? "
Well when the pound dropped in value the former governor of the Bank of England Mervyn King said it was a welcome change and that the Bank of England had been trying to devalue the pound for at least the last 3 years. Of course they had been unsuccessful in their attempts to devalue over the last 3 years but Brexit gave them the vehicle to achieve this objective. I think one of the reasons could be for what you are pointing out on this thread that it would actually help to reduce our debt repayments too. |
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"I'm surprised that no one has mentioned Vauxhall/Opal yet.
This is a long to medium term grenade.
Either we maintain free market movement or the UK tax payer Will be handing over a lot in cash or hidden subsidies to all of the automotive companies.
Another financial and political headache unfortunately.
Yet another pessimistic outlook from a Remain doom monger but it has come to be expected from your lot now. Vauxhall/Opal bosses have already said they want to keep the Vauxhall/Opal factories here in the UK after Brexit because it will give them a better base to sell into the world market and not just the EU market. They also know now that with the drop in the value of the pound they can sell the British made cars much more competitively into the world market and UK exports have already increased since the drop in the value of the pound. The UK base already established here is the perfect springboard for Vauxhall/Opal outside of the EU to increase their global sales, global profits and global exports.
I thought Europeans couldn't be trusted?
The Americans certainly can't. What does Kraft mean to you?
The UK has some of the most efficient car plants in the world, but the margins on this sector are wafer thin and the supply chains here are deeply pan-European and rely on scale.
If you read properly, I didn't say they'd necessarily shut down, we can just look forward to subsidising them.
I said that several European plants will close over the next few years. I hope that they won't be UK ones but we have to face that possibility.
If we are going down the subsidy route, then maybe better to use that money for autonomous and electric vehicle manufacture. If PSA pull out of Halewood, then let the Goverment take it over and start to build things that we can become world leaders in. Jobs and skills are saved and maybe, just maybe, we can sell a world class product to the world.
LTI are just completing trials on the new electric taxis, something we can export to all those smog ridden cities around the world.
Would agree. We have some of the best engineering brains in this country and something innovative and forward thinking like this would be a positive move. Does the present government and it's lack of support in general for heavy industry have lie gumption to do it? I hope they would have where it to be a possibility .
Some of the government assurances given to Nissan in Sunderland are said to be more investment in innovation, and latest technology as well as infrastructure improvements around the Sunderland plant. So it seems the government does have the gumption to do it. "
doing deals with one manufacturer in one sector is politically iffy, if you do so with one then you tie yourself to a strategy that looks made up on the hoof..
like gentleman's agreements with counties like Surrey.. |
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By (user no longer on site)
over a year ago
|
It is was it is!
I dont think it will be plain sailing but I dont think it will be the end of the world either. Just have to knuckle down and get on with it now.
Being from farmers in Angelsey it was a bit weird as were conservative but voted remain as EU subsidies were good for us, just have to wait and see what were offered from UK now.
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By *andS66Couple
over a year ago
Derby |
"GM have spent very little in the last decade or so on R&D on VauxhallOpel.
You don't spend on R&D on plant. You spend it on capital equipment and training.
They have spent a lot."
First, you can spend money on R&D on plant, plant includes capital equipment. Its called manufacturing technology. If you didn't everything in the world would still be made by hand.
Secondly, according to car sales data base...
"Opel-Vauxhall has been hurt by a lack of R&D investment by its parent General Motors, as a result, the brand has been lagging in fuel economy and model introductions have been delayed."
Thirdly, they spend less than half as much on R&D as VW |
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By *andS66Couple
over a year ago
Derby |
"What it will do is incentivise them to source locally made parts more, creating jobs
You don't understand what "scale" means then.
Fair enough.
Really? Well I'm just echoing the words of the boss of Peugot"
You should listen to EasyUK. ... The boss of Peugot knows fuck all about his business or the car industry. |
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By (user no longer on site)
over a year ago
|
"What it will do is incentivise them to source locally made parts more, creating jobs
You don't understand what "scale" means then.
Fair enough.
Really? Well I'm just echoing the words of the boss of Peugot
You should listen to EasyUK. ... The boss of Peugot knows fuck all about his business or the car industry."
ok |
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By *asyukMan
over a year ago
West London |
"What it will do is incentivise them to source locally made parts more, creating jobs
You don't understand what "scale" means then.
Fair enough.
Really? Well I'm just echoing the words of the boss of Peugot
You should listen to EasyUK. ... The boss of Peugot knows fuck all about his business or the car industry.
ok "
I very specifically referenced Kraft.
Enjoy. |
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By *asyukMan
over a year ago
West London |
"GM have spent very little in the last decade or so on R&D on VauxhallOpel.
You don't spend on R&D on plant. You spend it on capital equipment and training.
They have spent a lot.
First, you can spend money on R&D on plant, plant includes capital equipment. Its called manufacturing technology. If you didn't everything in the world would still be made by hand.
Secondly, according to car sales data base...
"Opel-Vauxhall has been hurt by a lack of R&D investment by its parent General Motors, as a result, the brand has been lagging in fuel economy and model introductions have been delayed."
Thirdly, they spend less than half as much on R&D as VW"
No. Research and Development is not the same as plant or capital investment unless it is in R&D infrastructure like a wind tunnel.
Opal's R&D spend is in Germany on their specific vehicles.
The overall technology investment is spread across the entire company at the GM group level. Engines are worldwide components.
GM haemorrhaged in 2008 cash because it had been so busy making money on finance that it didn't do any engineering.
They have recently tried very hard to make Opal profitable and came very close this year, but they think that this sector has low profit potential and would rather spend the money on electric cars and autonomy.
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By *andS66Couple
over a year ago
Derby |
"GM have spent very little in the last decade or so on R&D on VauxhallOpel.
You don't spend on R&D on plant. You spend it on capital equipment and training.
They have spent a lot.
First, you can spend money on R&D on plant, plant includes capital equipment. Its called manufacturing technology. If you didn't everything in the world would still be made by hand.
Secondly, according to car sales data base...
"Opel-Vauxhall has been hurt by a lack of R&D investment by its parent General Motors, as a result, the brand has been lagging in fuel economy and model introductions have been delayed."
Thirdly, they spend less than half as much on R&D as VW
No. Research and Development is not the same as plant or capital investment unless it is in R&D infrastructure like a wind tunnel.
Opal's R&D spend is in Germany on their specific vehicles.
The overall technology investment is spread across the entire company at the GM group level. Engines are worldwide components.
GM haemorrhaged in 2008 cash because it had been so busy making money on finance that it didn't do any engineering.
They have recently tried very hard to make Opal profitable and came very close this year, but they think that this sector has low profit potential and would rather spend the money on electric cars and autonomy.
"
Companies invest in research on plant and equipment technology all the time.... For example, improving quality, efficiency, productivity, mmaterials of construction, energy usage, product improvements, new product development, etc etc etc. If they didn't we would all still be living in caves and eating what we'd just been out and clubbed to death.
The whole of GM's spend on R&D was $7 Billion, VW's was $15Billion.. |
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By *asyukMan
over a year ago
West London |
"GM have spent very little in the last decade or so on R&D on VauxhallOpel.
You don't spend on R&D on plant. You spend it on capital equipment and training.
They have spent a lot.
First, you can spend money on R&D on plant, plant includes capital equipment. Its called manufacturing technology. If you didn't everything in the world would still be made by hand.
Secondly, according to car sales data base...
"Opel-Vauxhall has been hurt by a lack of R&D investment by its parent General Motors, as a result, the brand has been lagging in fuel economy and model introductions have been delayed."
Thirdly, they spend less than half as much on R&D as VW
No. Research and Development is not the same as plant or capital investment unless it is in R&D infrastructure like a wind tunnel.
Opal's R&D spend is in Germany on their specific vehicles.
The overall technology investment is spread across the entire company at the GM group level. Engines are worldwide components.
GM haemorrhaged in 2008 cash because it had been so busy making money on finance that it didn't do any engineering.
They have recently tried very hard to make Opal profitable and came very close this year, but they think that this sector has low profit potential and would rather spend the money on electric cars and autonomy.
Companies invest in research on plant and equipment technology all the time.... For example, improving quality, efficiency, productivity, mmaterials of construction, energy usage, product improvements, new product development, etc etc etc. If they didn't we would all still be living in caves and eating what we'd just been out and clubbed to death.
The whole of GM's spend on R&D was $7 Billion, VW's was $15Billion.."
Actually, that's not quite true. This I down to the global supplier base. Mainly German and Japanese who invest to sell to every company.
There is a spend on production planning and process but that is small compared to new vehicle technology.
I don't disagree with you about GM lack of spend, but that is the entire group, not just Opal.
I'm a bit lost on the point that you're making though? |
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By *asyukMan
over a year ago
West London |
Volkswagen-owned British car brand Bentley is due to make its next major investment decision on a new model around the start of next year and unfettered access to Europe is vitally important, its boss told Reuters.
"It's the Britishness that makes us very unique but we know from... different car brands that this business is a very international one and before we would not produce any Bentleys anymore, we would produce them somewhere else," he said.
The point is that whatever their actual intention, large international companies now have huge leverage against the UK government in extracting subsidies, tax reductions and employment and other regulatory concessions.
How many posts until someone says they don't care and good riddance? |
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By (user no longer on site)
over a year ago
|
"Volkswagen-owned British car brand Bentley is due to make its next major investment decision on a new model around the start of next year and unfettered access to Europe is vitally important, its boss told Reuters.
"It's the Britishness that makes us very unique but we know from... different car brands that this business is a very international one and before we would not produce any Bentleys anymore, we would produce them somewhere else," he said.
The point is that whatever their actual intention, large international companies now have huge leverage against the UK government in extracting subsidies, tax reductions and employment and other regulatory concessions.
How many posts until someone says they don't care and good riddance? "
.
I voted to remain but they aint giving me discount
Big companies have the power and can do what they like thats why the EU got screwed by them like Facebook and Starbucks, they made the EU set up all the rules to suit them thats why the EU was gonna sign the ttpp to keep the big companies happy and there.
I dont know what to do about them now we let them get to big and powerful like the banks and now they rule us and not the other way round, its sad but thats life in the 21st century were all slaves for skynet |
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By *aucy3Couple
over a year ago
glasgow |
"following on from previous thread (trump wiretap one, which ended up talking about the economy)... Mr Centaur had the following to say
The UK economy is growing and performing well though, official government figures prove it. According to all the merchants of doom in the Remain camp we should have been in a recession now after the Brexit vote. The Remain pessimists have been proved wrong and the UK economy is projected to be the best performing economy in the G7 this year. The fall in the value of the pound has seen British exports increase and has boosted the UK tourism industry. Consumer confidence remains high, the Chancellor of the Exchequer Philip Hammond said on the BBC Andrew Marr show last Sunday that the UK economy is robust. The UK has a bright and prosperous future outside of the EU.
Well considering Hammond has a budget to announce tomorrow, I'd have thought it highly unlikely he'd come on the show and say 'You know what, the economy is fucked. We've fucked it. Here, have it back, I don't want to play anymore'.
And I could point out that pre-brexit predictions of recession were based on A50 being triggered the next day as promised by Cameron before he chucked in the towel once he'd realised what a colossal fuck-up he'd caused. But you know that already, and just ignore it.
-Matt"
C'mon Matt,as you know,Cameron was a Remainer,
And nobody can remember the last time they told the truth.
  |
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"Volkswagen-owned British car brand Bentley is due to make its next major investment decision on a new model around the start of next year and unfettered access to Europe is vitally important, its boss told Reuters.
"It's the Britishness that makes us very unique but we know from... different car brands that this business is a very international one and before we would not produce any Bentleys anymore, we would produce them somewhere else," he said.
The point is that whatever their actual intention, large international companies now have huge leverage against the UK government in extracting subsidies, tax reductions and employment and other regulatory concessions.
How many posts until someone says they don't care and good riddance? "
The argument doesn't really make any sense because the type of people who buy Bentleys don't care about the price. The people who buy Bentleys are very wealthy and if they want a Bentley they will buy a Bentley, cost is of no concern to them. If the cost of a Bentley is more expensive because of tariffs on component parts Bentleys will still sell into their millionaire market. If Bentleys are purchased from overseas the price is now actually cheaper when you take into account the drop in the value of the pound and various exchange rates. |
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"Volkswagen-owned British car brand Bentley is due to make its next major investment decision on a new model around the start of next year and unfettered access to Europe is vitally important, its boss told Reuters.
"It's the Britishness that makes us very unique but we know from... different car brands that this business is a very international one and before we would not produce any Bentleys anymore, we would produce them somewhere else," he said.
The point is that whatever their actual intention, large international companies now have huge leverage against the UK government in extracting subsidies, tax reductions and employment and other regulatory concessions.
How many posts until someone says they don't care and good riddance?
The argument doesn't really make any sense because the type of people who buy Bentleys don't care about the price. The people who buy Bentleys are very wealthy and if they want a Bentley they will buy a Bentley, cost is of no concern to them. If the cost of a Bentley is more expensive because of tariffs on component parts Bentleys will still sell into their millionaire market. If Bentleys are purchased from overseas the price is now actually cheaper when you take into account the drop in the value of the pound and various exchange rates. "
Of course it makes sense
Bentleys are like every other product. They're priced at the point that generates the most profit. If Bentley could increase the price by 10% and not lose sales then they would have done it.
Why do you think they arent maximising profits?
The price is already at the point that an increase could result in less profits. Nevermind if their costs go up because that eats into their profits. |
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By (user no longer on site)
over a year ago
|
"Volkswagen-owned British car brand Bentley is due to make its next major investment decision on a new model around the start of next year and unfettered access to Europe is vitally important, its boss told Reuters.
"It's the Britishness that makes us very unique but we know from... different car brands that this business is a very international one and before we would not produce any Bentleys anymore, we would produce them somewhere else," he said.
The point is that whatever their actual intention, large international companies now have huge leverage against the UK government in extracting subsidies, tax reductions and employment and other regulatory concessions.
How many posts until someone says they don't care and good riddance?
The argument doesn't really make any sense because the type of people who buy Bentleys don't care about the price. The people who buy Bentleys are very wealthy and if they want a Bentley they will buy a Bentley, cost is of no concern to them. If the cost of a Bentley is more expensive because of tariffs on component parts Bentleys will still sell into their millionaire market. If Bentleys are purchased from overseas the price is now actually cheaper when you take into account the drop in the value of the pound and various exchange rates.
Of course it makes sense
Bentleys are like every other product. They're priced at the point that generates the most profit. If Bentley could increase the price by 10% and not lose sales then they would have done it.
Why do you think they arent maximising profits?
The price is already at the point that an increase could result in less profits. Nevermind if their costs go up because that eats into their profits."
Bentleys biggest customers are China and the U.S. so where would be a better place than the UK to make them now? |
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By (user no longer on site)
over a year ago
|
"
The argument doesn't really make any sense because the type of people who buy Bentleys don't care about the price. The people who buy Bentleys are very wealthy and if they want a Bentley they will buy a Bentley, cost is of no concern to them. If the cost of a Bentley is more expensive because of tariffs on component parts Bentleys will still sell into their millionaire market. If Bentleys are purchased from overseas the price is now actually cheaper when you take into account the drop in the value of the pound and various exchange rates.
Of course it makes sense
Bentleys are like every other product. They're priced at the point that generates the most profit. If Bentley could increase the price by 10% and not lose sales then they would have done it.
Why do you think they arent maximising profits?
The price is already at the point that an increase could result in less profits. Nevermind if their costs go up because that eats into their profits."
.
They should get women to make them coz if its true that they earn 25% less they could make a mint.
Id buy a Lamborghini tractor if I had the money but cant so just have fords.
I guess it all comes down to what your customer can afford |
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By *oi_Lucy OP Couple
over a year ago
Barbados |
"following on from previous thread (trump wiretap one, which ended up talking about the economy)... Mr Centaur had the following to say
The UK economy is growing and performing well though, official government figures prove it. According to all the merchants of doom in the Remain camp we should have been in a recession now after the Brexit vote. The Remain pessimists have been proved wrong and the UK economy is projected to be the best performing economy in the G7 this year. The fall in the value of the pound has seen British exports increase and has boosted the UK tourism industry. Consumer confidence remains high, the Chancellor of the Exchequer Philip Hammond said on the BBC Andrew Marr show last Sunday that the UK economy is robust. The UK has a bright and prosperous future outside of the EU.
Well considering Hammond has a budget to announce tomorrow, I'd have thought it highly unlikely he'd come on the show and say 'You know what, the economy is fucked. We've fucked it. Here, have it back, I don't want to play anymore'.
And I could point out that pre-brexit predictions of recession were based on A50 being triggered the next day as promised by Cameron before he chucked in the towel once he'd realised what a colossal fuck-up he'd caused. But you know that already, and just ignore it.
-Matt
C'mon Matt,as you know,Cameron was a Remainer,
And nobody can remember the last time they told the truth.
"
And? So was Theresa May. What's your point?
-Matt |
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"Volkswagen-owned British car brand Bentley is due to make its next major investment decision on a new model around the start of next year and unfettered access to Europe is vitally important, its boss told Reuters.
"It's the Britishness that makes us very unique but we know from... different car brands that this business is a very international one and before we would not produce any Bentleys anymore, we would produce them somewhere else," he said.
The point is that whatever their actual intention, large international companies now have huge leverage against the UK government in extracting subsidies, tax reductions and employment and other regulatory concessions.
How many posts until someone says they don't care and good riddance?
The argument doesn't really make any sense because the type of people who buy Bentleys don't care about the price. The people who buy Bentleys are very wealthy and if they want a Bentley they will buy a Bentley, cost is of no concern to them. If the cost of a Bentley is more expensive because of tariffs on component parts Bentleys will still sell into their millionaire market. If Bentleys are purchased from overseas the price is now actually cheaper when you take into account the drop in the value of the pound and various exchange rates.
Of course it makes sense
Bentleys are like every other product. They're priced at the point that generates the most profit. If Bentley could increase the price by 10% and not lose sales then they would have done it.
Why do you think they arent maximising profits?
The price is already at the point that an increase could result in less profits. Nevermind if their costs go up because that eats into their profits.
Bentleys biggest customers are China and the U.S. so where would be a better place than the UK to make them now?"
Bentley sold in 2015:
North America 2864 cars
EU 1695
China 1615
UK 1457
Middle East 1274
So currently the best plan for this German company would be to manufacture inside the EU and possibly have a smaller factory in the UK to satisfy that market.
|
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By (user no longer on site)
over a year ago
|
"Volkswagen-owned British car brand Bentley is due to make its next major investment decision on a new model around the start of next year and unfettered access to Europe is vitally important, its boss told Reuters.
"It's the Britishness that makes us very unique but we know from... different car brands that this business is a very international one and before we would not produce any Bentleys anymore, we would produce them somewhere else," he said.
The point is that whatever their actual intention, large international companies now have huge leverage against the UK government in extracting subsidies, tax reductions and employment and other regulatory concessions.
How many posts until someone says they don't care and good riddance?
The argument doesn't really make any sense because the type of people who buy Bentleys don't care about the price. The people who buy Bentleys are very wealthy and if they want a Bentley they will buy a Bentley, cost is of no concern to them. If the cost of a Bentley is more expensive because of tariffs on component parts Bentleys will still sell into their millionaire market. If Bentleys are purchased from overseas the price is now actually cheaper when you take into account the drop in the value of the pound and various exchange rates.
Of course it makes sense
Bentleys are like every other product. They're priced at the point that generates the most profit. If Bentley could increase the price by 10% and not lose sales then they would have done it.
Why do you think they arent maximising profits?
The price is already at the point that an increase could result in less profits. Nevermind if their costs go up because that eats into their profits.
Bentleys biggest customers are China and the U.S. so where would be a better place than the UK to make them now?
Bentley sold in 2015:
North America 2864 cars
EU 1695
China 1615
UK 1457
Middle East 1274
So currently the best plan for this German company would be to manufacture inside the EU and possibly have a smaller factory in the UK to satisfy that market.
"
? Why? When most sales are outside the EU? |
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By (user no longer on site)
over a year ago
|
"Volkswagen-owned British car brand Bentley is due to make its next major investment decision on a new model around the start of next year and unfettered access to Europe is vitally important, its boss told Reuters.
"It's the Britishness that makes us very unique but we know from... different car brands that this business is a very international one and before we would not produce any Bentleys anymore, we would produce them somewhere else," he said.
The point is that whatever their actual intention, large international companies now have huge leverage against the UK government in extracting subsidies, tax reductions and employment and other regulatory concessions.
How many posts until someone says they don't care and good riddance?
The argument doesn't really make any sense because the type of people who buy Bentleys don't care about the price. The people who buy Bentleys are very wealthy and if they want a Bentley they will buy a Bentley, cost is of no concern to them. If the cost of a Bentley is more expensive because of tariffs on component parts Bentleys will still sell into their millionaire market. If Bentleys are purchased from overseas the price is now actually cheaper when you take into account the drop in the value of the pound and various exchange rates.
Of course it makes sense
Bentleys are like every other product. They're priced at the point that generates the most profit. If Bentley could increase the price by 10% and not lose sales then they would have done it.
Why do you think they arent maximising profits?
The price is already at the point that an increase could result in less profits. Nevermind if their costs go up because that eats into their profits.
Bentleys biggest customers are China and the U.S. so where would be a better place than the UK to make them now?
Bentley sold in 2015:
North America 2864 cars
EU 1695
China 1615
UK 1457
Middle East 1274
So currently the best plan for this German company would be to manufacture inside the EU and possibly have a smaller factory in the UK to satisfy that market.
"
.
Im surprised they didnt sell more in Russia the gangsters love sports cars and what about Japan and Australia and Brazil and Africa? |
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By (user no longer on site)
over a year ago
|
"Also I cant belive the UK almost bought as many Bentleys as the whole of the EU?
Thats crazy we must have some well waded folks here"
And maybe the EU's streets aren't paved with gold after all |
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By *ercuryMan
over a year ago
Grantham |
"Also I cant belive the UK almost bought as many Bentleys as the whole of the EU?
Thats crazy we must have some well waded folks here
And maybe the EU's streets aren't paved with gold after all "
All those footballers! More money than sense |
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By (user no longer on site)
over a year ago
|
"Also I cant belive the UK almost bought as many Bentleys as the whole of the EU?
Thats crazy we must have some well waded folks here
And maybe the EU's streets aren't paved with gold after all
All those footballers! More money than sense "
.
Yea must be, I aint seen none in Angelsey but theres a park down at abersoch thats full of wealthy Cheshire set folks and they got loads they even got there own 100k county tractors to pull there 200k speed boats |
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"Volkswagen-owned British car brand Bentley is due to make its next major investment decision on a new model around the start of next year and unfettered access to Europe is vitally important, its boss told Reuters.
"It's the Britishness that makes us very unique but we know from... different car brands that this business is a very international one and before we would not produce any Bentleys anymore, we would produce them somewhere else," he said.
The point is that whatever their actual intention, large international companies now have huge leverage against the UK government in extracting subsidies, tax reductions and employment and other regulatory concessions.
How many posts until someone says they don't care and good riddance?
The argument doesn't really make any sense because the type of people who buy Bentleys don't care about the price. The people who buy Bentleys are very wealthy and if they want a Bentley they will buy a Bentley, cost is of no concern to them. If the cost of a Bentley is more expensive because of tariffs on component parts Bentleys will still sell into their millionaire market. If Bentleys are purchased from overseas the price is now actually cheaper when you take into account the drop in the value of the pound and various exchange rates.
Of course it makes sense
Bentleys are like every other product. They're priced at the point that generates the most profit. If Bentley could increase the price by 10% and not lose sales then they would have done it.
Why do you think they arent maximising profits?
The price is already at the point that an increase could result in less profits. Nevermind if their costs go up because that eats into their profits.
Bentleys biggest customers are China and the U.S. so where would be a better place than the UK to make them now?
Bentley sold in 2015:
North America 2864 cars
EU 1695
China 1615
UK 1457
Middle East 1274
So currently the best plan for this German company would be to manufacture inside the EU and possibly have a smaller factory in the UK to satisfy that market.
? Why? When most sales are outside the EU?"
Because they sell more in the EU than the UK. They have other factories in the EU so would be able to achieve economies of scale. The Eau is also their fastest growing market. While other regions have declined the EU has had double digit % growth.
And because the ceo of Bentley said that it was important to them to have unfettered access to the single market.
First the financial companies said that they were looking to move because of Brexit, now the car companies are looking to do the same. Looks like we're going to have to come up with a catchy name for all the businesses leaving Britain for the single market! |
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By (user no longer on site)
over a year ago
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"Volkswagen-owned British car brand Bentley is due to make its next major investment decision on a new model around the start of next year and unfettered access to Europe is vitally important, its boss told Reuters.
"It's the Britishness that makes us very unique but we know from... different car brands that this business is a very international one and before we would not produce any Bentleys anymore, we would produce them somewhere else," he said.
The point is that whatever their actual intention, large international companies now have huge leverage against the UK government in extracting subsidies, tax reductions and employment and other regulatory concessions.
How many posts until someone says they don't care and good riddance?
The argument doesn't really make any sense because the type of people who buy Bentleys don't care about the price. The people who buy Bentleys are very wealthy and if they want a Bentley they will buy a Bentley, cost is of no concern to them. If the cost of a Bentley is more expensive because of tariffs on component parts Bentleys will still sell into their millionaire market. If Bentleys are purchased from overseas the price is now actually cheaper when you take into account the drop in the value of the pound and various exchange rates.
Of course it makes sense
Bentleys are like every other product. They're priced at the point that generates the most profit. If Bentley could increase the price by 10% and not lose sales then they would have done it.
Why do you think they arent maximising profits?
The price is already at the point that an increase could result in less profits. Nevermind if their costs go up because that eats into their profits.
Bentleys biggest customers are China and the U.S. so where would be a better place than the UK to make them now?
Bentley sold in 2015:
North America 2864 cars
EU 1695
China 1615
UK 1457
Middle East 1274
So currently the best plan for this German company would be to manufacture inside the EU and possibly have a smaller factory in the UK to satisfy that market.
? Why? When most sales are outside the EU?
Because they sell more in the EU than the UK. They have other factories in the EU so would be able to achieve economies of scale. The Eau is also their fastest growing market. While other regions have declined the EU has had double digit % growth.
And because the ceo of Bentley said that it was important to them to have unfettered access to the single market.
First the financial companies said that they were looking to move because of Brexit, now the car companies are looking to do the same. Looks like we're going to have to come up with a catchy name for all the businesses leaving Britain for the single market!"
do you not comprehend your own figures? And yes they're all leaving aren't they? Except they're not. I get the impression that you're a little bit worried and envious of the possibilities now opening up to the UK |
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By *asyukMan
over a year ago
West London |
"Volkswagen-owned British car brand Bentley is due to make its next major investment decision on a new model around the start of next year and unfettered access to Europe is vitally important, its boss told Reuters.
"It's the Britishness that makes us very unique but we know from... different car brands that this business is a very international one and before we would not produce any Bentleys anymore, we would produce them somewhere else," he said.
The point is that whatever their actual intention, large international companies now have huge leverage against the UK government in extracting subsidies, tax reductions and employment and other regulatory concessions.
How many posts until someone says they don't care and good riddance? .
I voted to remain but they aint giving me discount
Big companies have the power and can do what they like thats why the EU got screwed by them like Facebook and Starbucks, they made the EU set up all the rules to suit them thats why the EU was gonna sign the ttpp to keep the big companies happy and there.
I dont know what to do about them now we let them get to big and powerful like the banks and now they rule us and not the other way round, its sad but thats life in the 21st century were all slaves for skynet"
Well no, that's not true. The EU have brought cases against both Microsoft and Apple.
The point I made is that these companies are even bigger relative to the UK economy than the EU. We have done nothing and will do even less now that, we are desperate for them to stay... |
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By *aucy3Couple
over a year ago
glasgow |
"following on from previous thread (trump wiretap one, which ended up talking about the economy)... Mr Centaur had the following to say
The UK economy is growing and performing well though, official government figures prove it. According to all the merchants of doom in the Remain camp we should have been in a recession now after the Brexit vote. The Remain pessimists have been proved wrong and the UK economy is projected to be the best performing economy in the G7 this year. The fall in the value of the pound has seen British exports increase and has boosted the UK tourism industry. Consumer confidence remains high, the Chancellor of the Exchequer Philip Hammond said on the BBC Andrew Marr show last Sunday that the UK economy is robust. The UK has a bright and prosperous future outside of the EU.
Well considering Hammond has a budget to announce tomorrow, I'd have thought it highly unlikely he'd come on the show and say 'You know what, the economy is fucked. We've fucked it. Here, have it back, I don't want to play anymore'.
And I could point out that pre-brexit predictions of recession were based on A50 being triggered the next day as promised by Cameron before he chucked in the towel once he'd realised what a colossal fuck-up he'd caused. But you know that already, and just ignore it.
-Matt
C'mon Matt,as you know,Cameron was a Remainer,
And nobody can remember the last time they told the truth.
And? So was Theresa May. What's your point?
-Matt"
My point is,Cameron saying A50 would be triggered the next day.
Was part of the campaign of fear,and just another Remainer lie.
As The forum doesn't do pictures,
I'm afraid that's the best I can do.
.
I responded to Your post,
Which only quoted a promise made by Cameron.
had you wanted other politicians included,
You should have specified.
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