FabSwingers.com > Forums > Politics > More good news from Uk companies
More good news from Uk companies
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By (user no longer on site) OP
over a year ago
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In addition to British Car Auctions being taken over by a private equity company , it is also announced to day that Merlin Entertainments are also being acquired by another private equity company .
This is great news for both pensioners and anyone who has investments in a pension fund that hold shares in these companies .
If we were to listen to the merchants of doom and gloom on here , you would think that these businesses would be collapsing .
A perfect illustration that it does not matter what you write , it is what you do in real life that matters . |
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By *asyukMan
over a year ago
West London |
"In addition to British Car Auctions being taken over by a private equity company , it is also announced to day that Merlin Entertainments are also being acquired by another private equity company .
This is great news for both pensioners and anyone who has investments in a pension fund that hold shares in these companies .
If we were to listen to the merchants of doom and gloom on here , you would think that these businesses would be collapsing .
A perfect illustration that it does not matter what you write , it is what you do in real life that matters . "
British Steel was taken over by a private equity company.
How did that work out?
What do you do in your real life Pat, other than read unnamed "specialist" magazines? |
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By (user no longer on site) OP
over a year ago
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"In addition to British Car Auctions being taken over by a private equity company , it is also announced to day that Merlin Entertainments are also being acquired by another private equity company .
This is great news for both pensioners and anyone who has investments in a pension fund that hold shares in these companies .
If we were to listen to the merchants of doom and gloom on here , you would think that these businesses would be collapsing .
A perfect illustration that it does not matter what you write , it is what you do in real life that matters .
British Steel was taken over by a private equity company.
How did that work out?
What do you do in your real life Pat, other than read unnamed "specialist" magazines?"
Hi . You can hardly judge the success or lack of success of private equity companies by a few failures .
In the case of British Steel market conditions made success very difficult . |
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By (user no longer on site)
over a year ago
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"In addition to British Car Auctions being taken over by a private equity company , it is also announced to day that Merlin Entertainments are also being acquired by another private equity company .
This is great news for both pensioners and anyone who has investments in a pension fund that hold shares in these companies .
If we were to listen to the merchants of doom and gloom on here , you would think that these businesses would be collapsing .
A perfect illustration that it does not matter what you write , it is what you do in real life that matters . "
Nothing to do with the joys of Brexit Pat but nice try... |
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By (user no longer on site) OP
over a year ago
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"In addition to British Car Auctions being taken over by a private equity company , it is also announced to day that Merlin Entertainments are also being acquired by another private equity company .
This is great news for both pensioners and anyone who has investments in a pension fund that hold shares in these companies .
If we were to listen to the merchants of doom and gloom on here , you would think that these businesses would be collapsing .
A perfect illustration that it does not matter what you write , it is what you do in real life that matters .
Nothing to do with the joys of Brexit Pat but nice try... "
As far as I am aware no mention was made of Brexit in my post. |
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By (user no longer on site) OP
over a year ago
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"
2016: Goldman Sachs says Brexit vote ‘disaster’ would mean cutting its UK presence.
2019: Goldman Sachs opens £1bn new European head office in London."
Even more good news and a substantial investment. This will make the merchants of doom and gloom on here even more angry . |
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By *asyukMan
over a year ago
West London |
"In addition to British Car Auctions being taken over by a private equity company , it is also announced to day that Merlin Entertainments are also being acquired by another private equity company .
This is great news for both pensioners and anyone who has investments in a pension fund that hold shares in these companies .
If we were to listen to the merchants of doom and gloom on here , you would think that these businesses would be collapsing .
A perfect illustration that it does not matter what you write , it is what you do in real life that matters .
British Steel was taken over by a private equity company.
How did that work out?
What do you do in your real life Pat, other than read unnamed "specialist" magazines?
Hi . You can hardly judge the success or lack of success of private equity companies by a few failures .
In the case of British Steel market conditions made success very difficult . "
So you have no idea if British Car Auctions or Merlin Entertainment is a good thing then?
Why is it good news anyway? It's merely a change of ownership.
Normal practice is to leverage the purchase and load the company with debt.
What's your analysis of the business model for both of these purchases Pat? |
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By *asyukMan
over a year ago
West London |
"
2016: Goldman Sachs says Brexit vote ‘disaster’ would mean cutting its UK presence.
2019: Goldman Sachs opens £1bn new European head office in London."
Planning began in 2012. Construction began in 2014.
That's before 2016.
They have already sold the new and leased it back to mitigate their risk.
Good knowledge  |
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By *ara JTV/TS
over a year ago
Bristol East |
"
2016: Goldman Sachs says Brexit vote ‘disaster’ would mean cutting its UK presence.
2019: Goldman Sachs opens £1bn new European head office in London."
Ah, yes, Goldman Sachs . . . the same company that reckons the Brexit vote has cost the UK £600 million A WEEK in lost growth since 2016.
The same Goldman Sachs that has has opened new offices in Dublin, Stockholm , Frankfurt and Milan for hundreds of new staff to handle business previously handled in London.
The same Goldman Sachs that was part of the financial sector that crippled the world economy, rescued only by transferring their huge debts onto the public sector and then demanding austerity to mitigate the deficits.
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By (user no longer on site)
over a year ago
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"In addition to British Car Auctions being taken over by a private equity company , it is also announced to day that Merlin Entertainments are also being acquired by another private equity company .
This is great news for both pensioners and anyone who has investments in a pension fund that hold shares in these companies .
If we were to listen to the merchants of doom and gloom on here , you would think that these businesses would be collapsing .
A perfect illustration that it does not matter what you write , it is what you do in real life that matters .
Nothing to do with the joys of Brexit Pat but nice try... As far as I am aware no mention was made of Brexit in my post. "
Your mention of merchants of doom and gloom clearly was reference to your thoughts on remain voters Pat. |
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By (user no longer on site)
over a year ago
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"Siemens' new £200m rail factory in Goole is expected to create 700 direct jobs, a further 1,700 in the UK's supply chain and 250 jobs in the construction phase"
That is a good news story. Do you know if their target market for this dev is just the UK. Or to serve the eu and wider?
Eitehr which way, its certainly more obvious a good news story than a PE takeover which can mean a lot of things depending on the reasons for the takeover.
And even if there is a share bounce, most pensioners won't feel this if thay have a suitably diverse portfolio.
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I will tell u a good news story....with all the negative things going on ....my business is booming....
Money money money ....bring on britex and get it out of the way and get on with real issue's..... |
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By *asyukMan
over a year ago
West London |
"Siemens' new £200m rail factory in Goole is expected to create 700 direct jobs, a further 1,700 in the UK's supply chain and 250 jobs in the construction phase
That is a good news story. Do you know if their target market for this dev is just the UK. Or to serve the eu and wider?
Eitehr which way, its certainly more obvious a good news story than a PE takeover which can mean a lot of things depending on the reasons for the takeover.
And even if there is a share bounce, most pensioners won't feel this if thay have a suitably diverse portfolio.
"
It's domestic.
The factory build was contingent on winning the contracts. |
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"Siemens' new £200m rail factory in Goole is expected to create 700 direct jobs, a further 1,700 in the UK's supply chain and 250 jobs in the construction phase
That is a good news story. Do you know if their target market for this dev is just the UK. Or to serve the eu and wider?
Eitehr which way, its certainly more obvious a good news story than a PE takeover which can mean a lot of things depending on the reasons for the takeover.
And even if there is a share bounce, most pensioners won't feel this if thay have a suitably diverse portfolio.
It's domestic.
The factory build was contingent on winning the contracts."
It’s jobs
|
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By *asyukMan
over a year ago
West London |
"Siemens' new £200m rail factory in Goole is expected to create 700 direct jobs, a further 1,700 in the UK's supply chain and 250 jobs in the construction phase
That is a good news story. Do you know if their target market for this dev is just the UK. Or to serve the eu and wider?
Eitehr which way, its certainly more obvious a good news story than a PE takeover which can mean a lot of things depending on the reasons for the takeover.
And even if there is a share bounce, most pensioners won't feel this if thay have a suitably diverse portfolio.
It's domestic.
The factory build was contingent on winning the contracts.
It’s jobs
"
It's good but independent of Brexit, which is the subtext of what Pat posts.
It's also limited to a domestic market. It was not set up here due to any inherent advantage in being here other than a specific contract.
Hopefully it will remain beyond that of we keep investing in the rail network and they remain competitive. |
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"Siemens' new £200m rail factory in Goole is expected to create 700 direct jobs, a further 1,700 in the UK's supply chain and 250 jobs in the construction phase
That is a good news story. Do you know if their target market for this dev is just the UK. Or to serve the eu and wider?
Eitehr which way, its certainly more obvious a good news story than a PE takeover which can mean a lot of things depending on the reasons for the takeover.
And even if there is a share bounce, most pensioners won't feel this if thay have a suitably diverse portfolio.
It's domestic.
The factory build was contingent on winning the contracts.
It’s jobs
It's good but independent of Brexit, which is the subtext of what Pat posts.
It's also limited to a domestic market. It was not set up here due to any inherent advantage in being here other than a specific contract.
Hopefully it will remain beyond that of we keep investing in the rail network and they remain competitive."
It’s jobs |
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By *asyukMan
over a year ago
West London |
"Siemens' new £200m rail factory in Goole is expected to create 700 direct jobs, a further 1,700 in the UK's supply chain and 250 jobs in the construction phase
That is a good news story. Do you know if their target market for this dev is just the UK. Or to serve the eu and wider?
Eitehr which way, its certainly more obvious a good news story than a PE takeover which can mean a lot of things depending on the reasons for the takeover.
And even if there is a share bounce, most pensioners won't feel this if thay have a suitably diverse portfolio.
It's domestic.
The factory build was contingent on winning the contracts.
It’s jobs
It's good but independent of Brexit, which is the subtext of what Pat posts.
It's also limited to a domestic market. It was not set up here due to any inherent advantage in being here other than a specific contract.
Hopefully it will remain beyond that of we keep investing in the rail network and they remain competitive.
It’s jobs"
Well done.
You've identified that at least twice now.
Long term jobs with a commited investor are better than short term ones which things like, er, private equity firms invest in.
Do you disagree it will you day:
"It's jobs"?
What was your opinion on Goldman Sachs selling their HQ before moving in and starting its construction before the referendum? |
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"Siemens' new £200m rail factory in Goole is expected to create 700 direct jobs, a further 1,700 in the UK's supply chain and 250 jobs in the construction phase
That is a good news story. Do you know if their target market for this dev is just the UK. Or to serve the eu and wider?
Eitehr which way, its certainly more obvious a good news story than a PE takeover which can mean a lot of things depending on the reasons for the takeover.
And even if there is a share bounce, most pensioners won't feel this if thay have a suitably diverse portfolio.
It's domestic.
The factory build was contingent on winning the contracts.
It’s jobs
It's good but independent of Brexit, which is the subtext of what Pat posts.
It's also limited to a domestic market. It was not set up here due to any inherent advantage in being here other than a specific contract.
Hopefully it will remain beyond that of we keep investing in the rail network and they remain competitive.
It’s jobs
Well done.
You've identified that at least twice now.
Long term jobs with a commited investor are better than short term ones which things like, er, private equity firms invest in.
Do you disagree it will you day:
"It's jobs"?
What was your opinion on Goldman Sachs selling their HQ before moving in and starting its construction before the referendum?"
It’s jobs |
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By (user no longer on site)
over a year ago
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They're jobs and much needed. But it sounds like they are jobs which would have come anyway. And Brexit would have little or at least less concern if all their market was the UK. |
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"
2016: Goldman Sachs says Brexit vote ‘disaster’ would mean cutting its UK presence.
2019: Goldman Sachs opens £1bn new European head office in London.
Ah, yes, Goldman Sachs . . . the same company that reckons the Brexit vote has cost the UK £600 million A WEEK in lost growth since 2016.
The same Goldman Sachs that has has opened new offices in Dublin, Stockholm , Frankfurt and Milan for hundreds of new staff to handle business previously handled in London.
The same Goldman Sachs that was part of the financial sector that crippled the world economy, rescued only by transferring their huge debts onto the public sector and then demanding austerity to mitigate the deficits.
"
buncha Merchant Bankers |
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By *andS66Couple
over a year ago
Derby |
"Jaguar Land Rover confirms millions of pounds of investment in Castle Bromwich site to build it’s new range of electric vehicles.
"
Not just millions, or tens of millions, or hundreds of millions...
The FT is reporting it is a £1 Billion investment. |
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By (user no longer on site) OP
over a year ago
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"Jaguar Land Rover confirms millions of pounds of investment in Castle Bromwich site to build it’s new range of electric vehicles.
Not just millions, or tens of millions, or hundreds of millions...
The FT is reporting it is a £1 Billion investment."
Great news for everyone. |
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By (user no longer on site)
over a year ago
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If it helps protect jobs and keep losses to 4500 then it's good news. Let's hope we see more and bigger numbers (1bn is at the lower end for electric ambitions)
Be interesting to see how the government respond to calls for a battery gigafactory... |
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By *andS66Couple
over a year ago
Derby |
"If it helps protect jobs and keep losses to 4500 then it's good news. Let's hope we see more and bigger numbers (1bn is at the lower end for electric ambitions)
Be interesting to see how the government respond to calls for a battery gigafactory... "
The 4,500 job losses are worldwide- the UK element was 1,200 to 1,500. |
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By (user no longer on site)
over a year ago
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"If it helps protect jobs and keep losses to 4500 then it's good news. Let's hope we see more and bigger numbers (1bn is at the lower end for electric ambitions)
Be interesting to see how the government respond to calls for a battery gigafactory...
The 4,500 job losses are worldwide- the UK element was 1,200 to 1,500."
My bad. Although I can see something that says 5000 losses from its 4oooo uk workforce. |
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By *andS66Couple
over a year ago
Derby |
"If it helps protect jobs and keep losses to 4500 then it's good news. Let's hope we see more and bigger numbers (1bn is at the lower end for electric ambitions)
Be interesting to see how the government respond to calls for a battery gigafactory...
The 4,500 job losses are worldwide- the UK element was 1,200 to 1,500.
My bad. Although I can see something that says 5000 losses from its 4oooo uk workforce. "
Sorry, it was 4,500, but the new investment will save up to 3,000 of those. My bad as well. |
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By *asyukMan
over a year ago
West London |
"Jaguar Land Rover confirms millions of pounds of investment in Castle Bromwich site to build it’s new range of electric vehicles.
"
They have no choice.
They are deep in debt.
They cannot build another factory somewhere else. They have to refit the factory that they are in and take whatever hit that they do with tariffs.
It's good news, but where this takes the company of it building EVs at a higher price than they good is another matter.
Smaller margins on each product than their competitors.
Less profit. Less future investment.
Short-term thinking is a British curse, but here we are again. |
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By *ostafunMan
over a year ago
near ipswich |
"Jaguar Land Rover confirms millions of pounds of investment in Castle Bromwich site to build it’s new range of electric vehicles.
They have no choice.
They are deep in debt.
They cannot build another factory somewhere else. They have to refit the factory that they are in and take whatever hit that they do with tariffs.
It's good news, but where this takes the company of it building EVs at a higher price than they good is another matter.
Smaller margins on each product than their competitors.
Less profit. Less future investment.
Short-term thinking is a British curse, but here we are again."
We are all doomed  bloody hell mate im sure if you won the lottery you would find a negative in doing so.Cheer up its a great life enjoy it. |
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Surely lower economical growth is better for the planet anyway.
Capitalism is built on ever bigger consumption.
Something has to give. Either I standard of living or the planets resources and eco systems.
Which do you think it will be?  |
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By *abioMan
over a year ago
Newcastle and Gateshead |
"Jaguar Land Rover confirms millions of pounds of investment in Castle Bromwich site to build it’s new range of electric vehicles.
They have no choice.
They are deep in debt.
They cannot build another factory somewhere else. They have to refit the factory that they are in and take whatever hit that they do with tariffs.
It's good news, but where this takes the company of it building EVs at a higher price than they good is another matter.
Smaller margins on each product than their competitors.
Less profit. Less future investment.
Short-term thinking is a British curse, but here we are again.We are all doomed
bloody hell mate im sure if you won the lottery you would find a negative in doing so.Cheer up its a great life enjoy it."
the problem costa is that easy is kinda right...
first of all let me say that i am happy that jobs in the UK have been saved....
it makes more sense to retrofit a current factory than it did to build a new one....
since the building made diesel jaguar xj's, which were now longer going to be built anyway... the leap between building a diesel version and an electric version is going to be as minimal as it can get (remember the factory is now being closed for 6-8 weeks so they can make the necessary changes)
at that JLR plant they made Jaguar XE.
Jaguar XF, Jaguar XJ. and Jaguar F-Type.
the only model that was confirmed for the factory at this time is the electric xj's.....
it could be argued that if you are spending 75,000 on a car... its going to be brexit proof anyway (if the tariff is 10%, is that going to deter many of its customers if the very basic model was costing 75k anyway and fully kitted out versions a lot more than that!) you are not really worrying about quibbling over a price at that point anyway |
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By *ostafunMan
over a year ago
near ipswich |
"Jaguar Land Rover confirms millions of pounds of investment in Castle Bromwich site to build it’s new range of electric vehicles.
They have no choice.
They are deep in debt.
They cannot build another factory somewhere else. They have to refit the factory that they are in and take whatever hit that they do with tariffs.
It's good news, but where this takes the company of it building EVs at a higher price than they good is another matter.
Smaller margins on each product than their competitors.
Less profit. Less future investment.
Short-term thinking is a British curse, but here we are again.We are all doomed
bloody hell mate im sure if you won the lottery you would find a negative in doing so.Cheer up its a great life enjoy it.
the problem costa is that easy is kinda right...
first of all let me say that i am happy that jobs in the UK have been saved....
it makes more sense to retrofit a current factory than it did to build a new one....
since the building made diesel jaguar xj's, which were now longer going to be built anyway... the leap between building a diesel version and an electric version is going to be as minimal as it can get (remember the factory is now being closed for 6-8 weeks so they can make the necessary changes)
at that JLR plant they made Jaguar XE.
Jaguar XF, Jaguar XJ. and Jaguar F-Type.
the only model that was confirmed for the factory at this time is the electric xj's.....
it could be argued that if you are spending 75,000 on a car... its going to be brexit proof anyway (if the tariff is 10%, is that going to deter many of its customers if the very basic model was costing 75k anyway and fully kitted out versions a lot more than that!) you are not really worrying about quibbling over a price at that point anyway"
Maybe mate ive not really looked into it in any detail, but i could have put that to any of his posts lately. I actually feel sorry the guy to be so negative all the time cant be good for your health. |
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By *abioMan
over a year ago
Newcastle and Gateshead |
"Maybe mate ive not really looked into it in any detail, but i could have put that to any of his posts lately. I actually feel sorry the guy to be so negative all the time cant be good for your health. "
okay..... lets use a hypothetical question....
imagine your dream car cost 100k... and you could afford to buy it.... just!
if it went to up 110k.... would that put you off? would you still buy it?
i don't think many people would be put off by it, and its finding that price point that in effect "brexit proof" in which you would be that care regardless.... |
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By (user no longer on site) OP
over a year ago
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"Jaguar Land Rover confirms millions of pounds of investment in Castle Bromwich site to build it’s new range of electric vehicles.
They have no choice.
They are deep in debt.
They cannot build another factory somewhere else. They have to refit the factory that they are in and take whatever hit that they do with tariffs.
It's good news, but where this takes the company of it building EVs at a higher price than they good is another matter.
Smaller margins on each product than their competitors.
Less profit. Less future investment.
Short-term thinking is a British curse, but here we are again."
Unless you work in the costing and pricing department of
JLR how would you know their manufacturing costs compared to other manufacturers . You seem to have made a very broad brush assumption.
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By (user no longer on site) OP
over a year ago
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"Well for every car coming in from Germany, France and Italy we charge 10% on, we can just rebate the 10% tax for the Jaguar. Simples. Lol."
Sadly a lot of posters on here are not as switched on as you are and either fail to recognise this or ignore it. Various posters on here are obsessed with tariffs.
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"Jaguar Land Rover confirms millions of pounds of investment in Castle Bromwich site to build it’s new range of electric vehicles.
They have no choice.
They are deep in debt.
They cannot build another factory somewhere else. They have to refit the factory that they are in and take whatever hit that they do with tariffs.
It's good news, but where this takes the company of it building EVs at a higher price than they good is another matter.
Smaller margins on each product than their competitors.
Less profit. Less future investment.
Short-term thinking is a British curse, but here we are again.
We are all doomed bloody hell mate im sure if you won the lottery you would find a negative in doing so.Cheer up its a great life enjoy it."
Thanks for that - saved me posting something similar.
It’s jobs . |
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By (user no longer on site) OP
over a year ago
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"Jaguar Land Rover confirms millions of pounds of investment in Castle Bromwich site to build it’s new range of electric vehicles.
They have no choice.
They are deep in debt.
They cannot build another factory somewhere else. They have to refit the factory that they are in and take whatever hit that they do with tariffs.
It's good news, but where this takes the company of it building EVs at a higher price than they good is another matter.
Smaller margins on each product than their competitors.
Less profit. Less future investment.
Short-term thinking is a British curse, but here we are again.We are all doomed bloody hell mate im sure if you won the lottery you would find a negative in doing so.Cheer up its a great life enjoy it."
A very valid point . |
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By (user no longer on site)
over a year ago
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"Well for every car coming in from Germany, France and Italy we charge 10% on, we can just rebate the 10% tax for the Jaguar. Simples. Lol. Sadly a lot of posters on here are not as switched on as you are and either fail to recognise this or ignore it. Various posters on here are obsessed with tariffs. "
Assuming the 10% sees an increase in price, we pay 10% more for a car... And we use this to keep the price of jags sold to Europeans the same (and put more money in the eu countries coffers)
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"Well for every car coming in from Germany, France and Italy we charge 10% on, we can just rebate the 10% tax for the Jaguar. Simples. Lol. Sadly a lot of posters on here are not as switched on as you are and either fail to recognise this or ignore it. Various posters on here are obsessed with tariffs.
Assuming the 10% sees an increase in price, we pay 10% more for a car... And we use this to keep the price of jags sold to Europeans the same (and put more money in the eu countries coffers)
"
What’s the extra 10%? |
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By (user no longer on site)
over a year ago
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"Well for every car coming in from Germany, France and Italy we charge 10% on, we can just rebate the 10% tax for the Jaguar. Simples. Lol. Sadly a lot of posters on here are not as switched on as you are and either fail to recognise this or ignore it. Various posters on here are obsessed with tariffs.
Assuming the 10% sees an increase in price, we pay 10% more for a car... And we use this to keep the price of jags sold to Europeans the same (and put more money in the eu countries coffers)
What’s the extra 10%?"
Just quoting the numbers in the post. Forget the number. The suggestion is we take the tarrif charged to uk customers and give it over to eu customers. |
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"Well for every car coming in from Germany, France and Italy we charge 10% on, we can just rebate the 10% tax for the Jaguar. Simples. Lol. Sadly a lot of posters on here are not as switched on as you are and either fail to recognise this or ignore it. Various posters on here are obsessed with tariffs.
Assuming the 10% sees an increase in price, we pay 10% more for a car... And we use this to keep the price of jags sold to Europeans the same (and put more money in the eu countries coffers)
What’s the extra 10%?
Just quoting the numbers in the post. Forget the number. The suggestion is we take the tarrif charged to uk customers and give it over to eu customers. "
Ah ok. So the tariff % collected on an imported Eu manufactured car would be offset against the tarrif % collected by the Eu country on a uk manufactured car being sold in Europe ...
Is this the thinking ? |
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By (user no longer on site)
over a year ago
|
"Well for every car coming in from Germany, France and Italy we charge 10% on, we can just rebate the 10% tax for the Jaguar. Simples. Lol. Sadly a lot of posters on here are not as switched on as you are and either fail to recognise this or ignore it. Various posters on here are obsessed with tariffs.
Assuming the 10% sees an increase in price, we pay 10% more for a car... And we use this to keep the price of jags sold to Europeans the same (and put more money in the eu countries coffers)
What’s the extra 10%?
Just quoting the numbers in the post. Forget the number. The suggestion is we take the tarrif charged to uk customers and give it over to eu customers.
Ah ok. So the tariff % collected on an imported Eu manufactured car would be offset against the tarrif % collected by the Eu country on a uk manufactured car being sold in Europe ...
Is this the thinking ?"
That's how I read idea. I may not be switched on tho... |
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"Well for every car coming in from Germany, France and Italy we charge 10% on, we can just rebate the 10% tax for the Jaguar. Simples. Lol. Sadly a lot of posters on here are not as switched on as you are and either fail to recognise this or ignore it. Various posters on here are obsessed with tariffs.
Assuming the 10% sees an increase in price, we pay 10% more for a car... And we use this to keep the price of jags sold to Europeans the same (and put more money in the eu countries coffers)
What’s the extra 10%?
Just quoting the numbers in the post. Forget the number. The suggestion is we take the tarrif charged to uk customers and give it over to eu customers.
Ah ok. So the tariff % collected on an imported Eu manufactured car would be offset against the tarrif % collected by the Eu country on a uk manufactured car being sold in Europe ...
Is this the thinking ?
That's how I read idea. I may not be switched on tho... "
I’m struggling to work out why this would be done, and who it benefits.
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By *abioMan
over a year ago
Newcastle and Gateshead |
the 10% figure... is the amount under WTO terms that a tariff levy that would go on a fully made car if it crosses borders...
so the 10% would be paid by the showroom deal to the government.... and the showroom would likely pass that increased car charge to bring car into country onto us as consumers....
(lets not even talk about foreign built components that go into british built cars cause they will also increase the cost of the new cars....)
if you are buying a super top end car, are you even quibbling about the price, in which case it doesn't really matter where those are made..... cause you are going to buy them anyway....
no less porsches and ferraris for example are going to come into the uk....because at their price points money isn't really an issue
it sounds like what pat is suggestion is use the tariff money coming in to discount the cars going out to make sure they don't go up...
that basically a national subsidy to a private company..... that breaks so many WTO rules its quite funny!!! |
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By (user no longer on site) OP
over a year ago
|
"the 10% figure... is the amount under WTO terms that a tariff levy that would go on a fully made car if it crosses borders...
so the 10% would be paid by the showroom deal to the government.... and the showroom would likely pass that increased car charge to bring car into country onto us as consumers....
(lets not even talk about foreign built components that go into british built cars cause they will also increase the cost of the new cars....)
if you are buying a super top end car, are you even quibbling about the price, in which case it doesn't really matter where those are made..... cause you are going to buy them anyway....
no less porsches and ferraris for example are going to come into the uk....because at their price points money isn't really an issue
it sounds like what pat is suggestion is use the tariff money coming in to discount the cars going out to make sure they don't go up...
that basically a national subsidy to a private company..... that breaks so many WTO rules its quite funny!!!"
More importantly, given there will still be some short costs, could a WTO Brexit be beneficial to the motor industry in the long term? There are a number of ways in which it could be. The UK government could reduce or eliminate all tariffs on imported motor components, as a WTO Brexit would allow us to set our own tariff schedule. This would reduce industry costs. In a WTO Brexit we would be able to agree our own FTA’s (Free Trade Agreements), thus potentially boosting UK car exports to non-EU markets. The UK could use some of the £39bn that would otherwise be paid to the EU under Mrs May’s deal to cut corporation tax or boost consumer spending by cutting personal taxes. |
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"the 10% figure... is the amount under WTO terms that a tariff levy that would go on a fully made car if it crosses borders...
so the 10% would be paid by the showroom deal to the government.... and the showroom would likely pass that increased car charge to bring car into country onto us as consumers....
(lets not even talk about foreign built components that go into british built cars cause they will also increase the cost of the new cars....)
if you are buying a super top end car, are you even quibbling about the price, in which case it doesn't really matter where those are made..... cause you are going to buy them anyway....
no less porsches and ferraris for example are going to come into the uk....because at their price points money isn't really an issue
it sounds like what pat is suggestion is use the tariff money coming in to discount the cars going out to make sure they don't go up...
that basically a national subsidy to a private company..... that breaks so many WTO rules its quite funny!!!
More importantly, given there will still be some short costs, could a WTO Brexit be beneficial to the motor industry in the long term? There are a number of ways in which it could be. The UK government could reduce or eliminate all tariffs on imported motor components, as a WTO Brexit would allow us to set our own tariff schedule. This would reduce industry costs. In a WTO Brexit we would be able to agree our own FTA’s (Free Trade Agreements), thus potentially boosting UK car exports to non-EU markets. The UK could use some of the £39bn that would otherwise be paid to the EU under Mrs May’s deal to cut corporation tax or boost consumer spending by cutting personal taxes. "
Why would we lower the import duty on Eu cars - that would benefit Eu car manufacturers |
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By (user no longer on site)
over a year ago
|
"Well for every car coming in from Germany, France and Italy we charge 10% on, we can just rebate the 10% tax for the Jaguar. Simples. Lol.
Sadly a lot of posters on here are not as switched on as you are and either fail to recognise this or ignore it. Various posters on here are obsessed with tariffs. "
Because some posters are obsessed saying adding tarrifs makes things bloody cheaper so it's like a full time job correcting the bullshit  |
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By (user no longer on site)
over a year ago
|
"
More importantly, given there will still be some short costs, could a WTO Brexit be beneficial to the motor industry in the long term? There are a number of ways in which it could be. The UK government could reduce or eliminate all tariffs on imported motor components, as a WTO Brexit would allow us to set our own tariff schedule. This would reduce industry costs. In a WTO Brexit we would be able to agree our own FTA’s (Free Trade Agreements), thus potentially boosting UK car exports to non-EU markets. The UK could use some of the £39bn that would otherwise be paid to the EU under Mrs May’s deal to cut corporation tax or boost consumer spending by cutting personal taxes. "
==============
SANITY WARNING
==============
Pat on economics 
Carry on, just thought a public health warning was required  |
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By (user no longer on site) OP
over a year ago
|
"
More importantly, given there will still be some short costs, could a WTO Brexit be beneficial to the motor industry in the long term? There are a number of ways in which it could be. The UK government could reduce or eliminate all tariffs on imported motor components, as a WTO Brexit would allow us to set our own tariff schedule. This would reduce industry costs. In a WTO Brexit we would be able to agree our own FTA’s (Free Trade Agreements), thus potentially boosting UK car exports to non-EU markets. The UK could use some of the £39bn that would otherwise be paid to the EU under Mrs May’s deal to cut corporation tax or boost consumer spending by cutting personal taxes.
==============
SANITY WARNING
==============
Pat on economics
Carry on, just thought a public health warning was required "
Are you suggesting that the other posters on this forum are incapable of forming an opinion and that your opinion ( not that you expressed one ) is the only one that is valid . My guess is that you have decided not to participate in Britain's economic success. It seems that quite a few posters on here have decided not to participate in the success of the UK and can only watch from the sidelines . |
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By *mmabluTV/TS
over a year ago
upton wirral |
"In addition to British Car Auctions being taken over by a private equity company , it is also announced to day that Merlin Entertainments are also being acquired by another private equity company .
This is great news for both pensioners and anyone who has investments in a pension fund that hold shares in these companies .
If we were to listen to the merchants of doom and gloom on here , you would think that these businesses would be collapsing .
A perfect illustration that it does not matter what you write , it is what you do in real life that matters . "
All the remoaners will be having crap weekends now,great |
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By (user no longer on site)
over a year ago
|
So we can use tarrifs paid for by UK citizens to subsidise eu citizens but keep jlr competitive. Expect we won't as we won't be having tariffs at all, meaning prices fall, so jlr are having to take bigger hits in the UK to stay competitive and also be less competitive abroad. I think that's the argument being put forward as the brexit plan. Fuck business indeed. |
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By *abioMan
over a year ago
Newcastle and Gateshead |
"it sounds like what pat is suggestion is use the tariff money coming in to discount the cars going out to make sure they don't go up...
that basically a national subsidy to a private company..... that breaks so many WTO rules its quite funny!!!
More importantly, given there will still be some short costs, could a WTO Brexit be beneficial to the motor industry in the long term? There are a number of ways in which it could be. The UK government could reduce or eliminate all tariffs on imported motor components, as a WTO Brexit would allow us to set our own tariff schedule. This would reduce industry costs. In a WTO Brexit we would be able to agree our own FTA’s (Free Trade Agreements), thus potentially boosting UK car exports to non-EU markets. The UK could use some of the £39bn that would otherwise be paid to the EU under Mrs May’s deal to cut corporation tax or boost consumer spending by cutting personal taxes. "
oh pat... dear pat.... this is when you find out that people really don't know about the subject they are talking about...
what part of "that basically a national subsidy to a private company..... that breaks so many WTO rules its quite funny!!!" did you not quite digest....
so let me say it again.... "that basically a national government subsidy to a private company..... which breaks WTO rules!"
also.... your plan killed off the secondary UK car manufacturing component industry.... let me explain why
WTO rules state that if a country offers a zero tariff on a particular product... you must give that to every country
so not only are you doing that to countries that already have you have FTA deals with currently.. you have to give it everyone you DONT have a FTA deal with as well....
you just remove the one legal protectionist measure you could give to your own market to make in competative in its own market....
so not only do british companies products cost more when they leave this shores (hitting exports) you allowed china, india, usa ect ect to potentially undercut UK manufacturing thru labour costs and generally being cheaper than the UK counterpart...
so since you said you wanted things to be cheaper... and the UK business can't now offer that product because you made that competitors product cheaper.... you just killed off the uk manufacturing sector!!!!
there is a reason why economists for brexit even concede this would happen!!!
pats grasp of economics is bordering on laughable.... |
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By (user no longer on site) OP
over a year ago
|
"it sounds like what pat is suggestion is use the tariff money coming in to discount the cars going out to make sure they don't go up...
that basically a national subsidy to a private company..... that breaks so many WTO rules its quite funny!!!
More importantly, given there will still be some short costs, could a WTO Brexit be beneficial to the motor industry in the long term? There are a number of ways in which it could be. The UK government could reduce or eliminate all tariffs on imported motor components, as a WTO Brexit would allow us to set our own tariff schedule. This would reduce industry costs. In a WTO Brexit we would be able to agree our own FTA’s (Free Trade Agreements), thus potentially boosting UK car exports to non-EU markets. The UK could use some of the £39bn that would otherwise be paid to the EU under Mrs May’s deal to cut corporation tax or boost consumer spending by cutting personal taxes.
oh pat... dear pat.... this is when you find out that people really don't know about the subject they are talking about...
what part of "that basically a national subsidy to a private company..... that breaks so many WTO rules its quite funny!!!" did you not quite digest....
so let me say it again.... "that basically a national government subsidy to a private company..... which breaks WTO rules!"
also.... your plan killed off the secondary UK car manufacturing component industry.... let me explain why
WTO rules state that if a country offers a zero tariff on a particular product... you must give that to every country
so not only are you doing that to countries that already have you have FTA deals with currently.. you have to give it everyone you DONT have a FTA deal with as well....
you just remove the one legal protectionist measure you could give to your own market to make in competative in its own market....
so not only do british companies products cost more when they leave this shores (hitting exports) you allowed china, india, usa ect ect to potentially undercut UK manufacturing thru labour costs and generally being cheaper than the UK counterpart...
so since you said you wanted things to be cheaper... and the UK business can't now offer that product because you made that competitors product cheaper.... you just killed off the uk manufacturing sector!!!!
there is a reason why economists for brexit even concede this would happen!!!
pats grasp of economics is bordering on laughable...."
Hi . I guess that if you were an expert on WTO rules you would not be spending your spare time commenting on them on here , or for that matter see the need to make sarcastic comments .
What matters is what you achieve in real life , not what you post on here .
The source of the information is a highly distinguished academic . I am sure that his knowledge of the rules is superior to yours and that any policies which he proposed were fully compliant with all the rules . |
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By *abioMan
over a year ago
Newcastle and Gateshead |
" Hi . I guess that if you were an expert on WTO rules you would not be spending your spare time commenting on them on here , or for that matter see the need to make sarcastic comments .
What matters is what you achieve in real life , not what you post on here .
The source of the information is a highly distinguished academic . I am sure that his knowledge of the rules is superior to yours and that any policies which he proposed were fully compliant with all the rules . "
jesus pat...in one ear and out the other....
please just name your source, because if I am in bizarro world quoting sir patrick minford, and "economists for brexit", people who actually claim brexit could work but concede the zero tariff culture you are trying to promote would decimate uk manufacturing and uk agriculture in the process
I am quoting people you would normally be quoting!!!!
so again...
1)name your source
2) is the decimation of UK manufacturing and agriculture worth the type of brexit you are proposing??
|
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By (user no longer on site)
over a year ago
|
Our worries are:-
1 Will it cause a rise in the price of condoms?
2 Will swinging be impacted, negatively, by all this shit?
3 Will couples stop inviting us to parties?
If yes to any....bugger....if no, well, carry on then!! |
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By (user no longer on site) OP
over a year ago
|
" Hi . I guess that if you were an expert on WTO rules you would not be spending your spare time commenting on them on here , or for that matter see the need to make sarcastic comments .
What matters is what you achieve in real life , not what you post on here .
The source of the information is a highly distinguished academic . I am sure that his knowledge of the rules is superior to yours and that any policies which he proposed were fully compliant with all the rules .
jesus pat...in one ear and out the other....
please just name your source, because if I am in bizarro world quoting sir patrick minford, and "economists for brexit", people who actually claim brexit could work but concede the zero tariff culture you are trying to promote would decimate uk manufacturing and uk agriculture in the process
I am quoting people you would normally be quoting!!!!
so again...
1)name your source
2) is the decimation of UK manufacturing and agriculture worth the type of brexit you are proposing??
"
Hi . I am still uncertain as to why I should be expected ( forced ) to accept your opinion if preference to those of other organisations.
The source is irrelevant. I never ask other posters for sources. If it was of interest I would look it up myself.
No one ever said anything about manufacturing or agriculture collapsing . Steps would be put in place to prevent this.
Sorry to disappoint all the merchants of doom and gloom .
If I wanted the opinion of an expert on WTO terms I do not think I would be using this forum . |
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By *asyukMan
over a year ago
West London |
"Jaguar Land Rover confirms millions of pounds of investment in Castle Bromwich site to build it’s new range of electric vehicles.
They have no choice.
They are deep in debt.
They cannot build another factory somewhere else. They have to refit the factory that they are in and take whatever hit that they do with tariffs.
It's good news, but where this takes the company of it building EVs at a higher price than they good is another matter.
Smaller margins on each product than their competitors.
Less profit. Less future investment.
Short-term thinking is a British curse, but here we are again.We are all doomed
bloody hell mate im sure if you won the lottery you would find a negative in doing so.Cheer up its a great life enjoy it.
the problem costa is that easy is kinda right...
first of all let me say that i am happy that jobs in the UK have been saved....
it makes more sense to retrofit a current factory than it did to build a new one....
since the building made diesel jaguar xj's, which were now longer going to be built anyway... the leap between building a diesel version and an electric version is going to be as minimal as it can get (remember the factory is now being closed for 6-8 weeks so they can make the necessary changes)
at that JLR plant they made Jaguar XE.
Jaguar XF, Jaguar XJ. and Jaguar F-Type.
the only model that was confirmed for the factory at this time is the electric xj's.....
it could be argued that if you are spending 75,000 on a car... its going to be brexit proof anyway (if the tariff is 10%, is that going to deter many of its customers if the very basic model was costing 75k anyway and fully kitted out versions a lot more than that!) you are not really worrying about quibbling over a price at that point anywayMaybe mate ive not really looked into it in any detail, but i could have put that to any of his posts lately. I actually feel sorry the guy to be so negative all the time cant be good for your health. "
You don't know about the topic but offered an opinion anyway?
Why do you have this weird assumption that I'm negative?
I have a very pleasant life and live in a prosperous country which owes its position in the world through both luck and judgement.
I don't want to see its prosperity diminished and think that "being positive" is an unsatisfactory strategy.
All that I am doing is using all of the information available to draw a conclusion. I find it a mystery as to why people who are completely capable of doing just that choose to use their energy to find only the information that supports their own point of view and ignore all others.
The Slovakian plant is already committed to building the new Land Rover Defender.
Castle Bromwich will be going on a four day week with an associated reduction in income so that the new investment can be paid for.
That's not "being negative". That's looking at the information available. |
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"Jaguar Land Rover confirms millions of pounds of investment in Castle Bromwich site to build it’s new range of electric vehicles.
They have no choice.
They are deep in debt.
They cannot build another factory somewhere else. They have to refit the factory that they are in and take whatever hit that they do with tariffs.
It's good news, but where this takes the company of it building EVs at a higher price than they good is another matter.
Smaller margins on each product than their competitors.
Less profit. Less future investment.
Short-term thinking is a British curse, but here we are again.We are all doomed
bloody hell mate im sure if you won the lottery you would find a negative in doing so.Cheer up its a great life enjoy it.
the problem costa is that easy is kinda right...
first of all let me say that i am happy that jobs in the UK have been saved....
it makes more sense to retrofit a current factory than it did to build a new one....
since the building made diesel jaguar xj's, which were now longer going to be built anyway... the leap between building a diesel version and an electric version is going to be as minimal as it can get (remember the factory is now being closed for 6-8 weeks so they can make the necessary changes)
at that JLR plant they made Jaguar XE.
Jaguar XF, Jaguar XJ. and Jaguar F-Type.
the only model that was confirmed for the factory at this time is the electric xj's.....
it could be argued that if you are spending 75,000 on a car... its going to be brexit proof anyway (if the tariff is 10%, is that going to deter many of its customers if the very basic model was costing 75k anyway and fully kitted out versions a lot more than that!) you are not really worrying about quibbling over a price at that point anywayMaybe mate ive not really looked into it in any detail, but i could have put that to any of his posts lately. I actually feel sorry the guy to be so negative all the time cant be good for your health.
You don't know about the topic but offered an opinion anyway?
Why do you have this weird assumption that I'm negative?
I have a very pleasant life and live in a prosperous country which owes its position in the world through both luck and judgement.
I don't want to see its prosperity diminished and think that "being positive" is an unsatisfactory strategy.
All that I am doing is using all of the information available to draw a conclusion. I find it a mystery as to why people who are completely capable of doing just that choose to use their energy to find only the information that supports their own point of view and ignore all others.
The Slovakian plant is already committed to building the new Land Rover Defender.
Castle Bromwich will be going on a four day week with an associated reduction in income so that the new investment can be paid for.
That's not "being negative". That's looking at the information available."
Glass half empty |
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By *asyukMan
over a year ago
West London |
"There is no loss of income to workers at Castle Bromwich. They will still work and be paid for the contracted 37 hours per week.
"
You're correct.
Fewer overall staff numbers.
Glass half empty apparently. |
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By *asyukMan
over a year ago
West London |
" Hi . I guess that if you were an expert on WTO rules you would not be spending your spare time commenting on them on here , or for that matter see the need to make sarcastic comments .
What matters is what you achieve in real life , not what you post on here .
The source of the information is a highly distinguished academic . I am sure that his knowledge of the rules is superior to yours and that any policies which he proposed were fully compliant with all the rules .
jesus pat...in one ear and out the other....
please just name your source, because if I am in bizarro world quoting sir patrick minford, and "economists for brexit", people who actually claim brexit could work but concede the zero tariff culture you are trying to promote would decimate uk manufacturing and uk agriculture in the process
I am quoting people you would normally be quoting!!!!
so again...
1)name your source
2) is the decimation of UK manufacturing and agriculture worth the type of brexit you are proposing??
Hi . I am still uncertain as to why I should be expected ( forced ) to accept your opinion if preference to those of other organisations.
The source is irrelevant. I never ask other posters for sources. If it was of interest I would look it up myself.
No one ever said anything about manufacturing or agriculture collapsing . Steps would be put in place to prevent this.
Sorry to disappoint all the merchants of doom and gloom .
If I wanted the opinion of an expert on WTO terms I do not think I would be using this forum . "
You are relentless in your pursuit of ignorance.
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By (user no longer on site) OP
over a year ago
|
" Hi . I guess that if you were an expert on WTO rules you would not be spending your spare time commenting on them on here , or for that matter see the need to make sarcastic comments .
What matters is what you achieve in real life , not what you post on here .
The source of the information is a highly distinguished academic . I am sure that his knowledge of the rules is superior to yours and that any policies which he proposed were fully compliant with all the rules .
jesus pat...in one ear and out the other....
please just name your source, because if I am in bizarro world quoting sir patrick minford, and "economists for brexit", people who actually claim brexit could work but concede the zero tariff culture you are trying to promote would decimate uk manufacturing and uk agriculture in the process
I am quoting people you would normally be quoting!!!!
so again...
1)name your source
2) is the decimation of UK manufacturing and agriculture worth the type of brexit you are proposing??
Hi . I am still uncertain as to why I should be expected ( forced ) to accept your opinion if preference to those of other organisations.
The source is irrelevant. I never ask other posters for sources. If it was of interest I would look it up myself.
No one ever said anything about manufacturing or agriculture collapsing . Steps would be put in place to prevent this.
Sorry to disappoint all the merchants of doom and gloom .
If I wanted the opinion of an expert on WTO terms I do not think I would be using this forum .
You are relentless in your pursuit of ignorance.
"
I prefer to participate in the UKs economic success. |
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"There is no loss of income to workers at Castle Bromwich. They will still work and be paid for the contracted 37 hours per week.
You're correct.
Fewer overall staff numbers.
Glass half empty apparently."
£1 billion investment
Plant doesn’t close
3000 jobs secured
That’s the glass half full ... |
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By *asyukMan
over a year ago
West London |
" Hi . I guess that if you were an expert on WTO rules you would not be spending your spare time commenting on them on here , or for that matter see the need to make sarcastic comments .
What matters is what you achieve in real life , not what you post on here .
The source of the information is a highly distinguished academic . I am sure that his knowledge of the rules is superior to yours and that any policies which he proposed were fully compliant with all the rules .
jesus pat...in one ear and out the other....
please just name your source, because if I am in bizarro world quoting sir patrick minford, and "economists for brexit", people who actually claim brexit could work but concede the zero tariff culture you are trying to promote would decimate uk manufacturing and uk agriculture in the process
I am quoting people you would normally be quoting!!!!
so again...
1)name your source
2) is the decimation of UK manufacturing and agriculture worth the type of brexit you are proposing??
Hi . I am still uncertain as to why I should be expected ( forced ) to accept your opinion if preference to those of other organisations.
The source is irrelevant. I never ask other posters for sources. If it was of interest I would look it up myself.
No one ever said anything about manufacturing or agriculture collapsing . Steps would be put in place to prevent this.
Sorry to disappoint all the merchants of doom and gloom .
If I wanted the opinion of an expert on WTO terms I do not think I would be using this forum .
You are relentless in your pursuit of ignorance.
I prefer to participate in the UKs economic success. "
You, like me, participate in both its success and failure.
Silly chap  |
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By *asyukMan
over a year ago
West London |
"There is no loss of income to workers at Castle Bromwich. They will still work and be paid for the contracted 37 hours per week.
You're correct.
Fewer overall staff numbers.
Glass half empty apparently.
£1 billion investment
Plant doesn’t close
3000 jobs secured
That’s the glass half full ..."
Meaningless.
That's the point.
£1bn that has to be made regardless.
From a business perspective it would be better to invest in the EU, bit JLR is constrained with a poor credit rating as to how much it can borrow so will have to spend here even though input costs will be higher.
This is the reality. Being "positive" about it doesn't make it any better if in the long-term the company folds as a consequence.
I'd say this sort of thing is unbelievable, but it isn't.
I'm not actually saying that it is bad news. Can you really not understand that? |
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"There is no loss of income to workers at Castle Bromwich. They will still work and be paid for the contracted 37 hours per week.
You're correct.
Fewer overall staff numbers.
Glass half empty apparently.
£1 billion investment
Plant doesn’t close
3000 jobs secured
That’s the glass half full ...
Meaningless.
That's the point.
£1bn that has to be made regardless.
From a business perspective it would be better to invest in the EU, bit JLR is constrained with a poor credit rating as to how much it can borrow so will have to spend here even though input costs will be higher.
This is the reality. Being "positive" about it doesn't make it any better if in the long-term the company folds as a consequence.
I'd say this sort of thing is unbelievable, but it isn't.
I'm not actually saying that it is bad news. Can you really not understand that?"
I understand very well
And if there is a perfect example of a “glass half empty” attitude - you demonstrate it exceptionally well
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By (user no longer on site) OP
over a year ago
|
" Hi . I guess that if you were an expert on WTO rules you would not be spending your spare time commenting on them on here , or for that matter see the need to make sarcastic comments .
What matters is what you achieve in real life , not what you post on here .
The source of the information is a highly distinguished academic . I am sure that his knowledge of the rules is superior to yours and that any policies which he proposed were fully compliant with all the rules .
jesus pat...in one ear and out the other....
please just name your source, because if I am in bizarro world quoting sir patrick minford, and "economists for brexit", people who actually claim brexit could work but concede the zero tariff culture you are trying to promote would decimate uk manufacturing and uk agriculture in the process
I am quoting people you would normally be quoting!!!!
so again...
1)name your source
2) is the decimation of UK manufacturing and agriculture worth the type of brexit you are proposing??
Hi . I am still uncertain as to why I should be expected ( forced ) to accept your opinion if preference to those of other organisations.
The source is irrelevant. I never ask other posters for sources. If it was of interest I would look it up myself.
No one ever said anything about manufacturing or agriculture collapsing . Steps would be put in place to prevent this.
Sorry to disappoint all the merchants of doom and gloom .
If I wanted the opinion of an expert on WTO terms I do not think I would be using this forum .
You are relentless in your pursuit of ignorance.
I prefer to participate in the UKs economic success.
You, like me, participate in both its success and failure.
Silly chap "
My guess is that successfull people do not see the necessity to make negative comments about others. The posting of negative comments is simply a reflection on the personality of the person choosing to make the comment .
To participate in the UKs economic success you need to take a number of steps. |
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By *asyukMan
over a year ago
West London |
"There is no loss of income to workers at Castle Bromwich. They will still work and be paid for the contracted 37 hours per week.
You're correct.
Fewer overall staff numbers.
Glass half empty apparently.
£1 billion investment
Plant doesn’t close
3000 jobs secured
That’s the glass half full ...
Meaningless.
That's the point.
£1bn that has to be made regardless.
From a business perspective it would be better to invest in the EU, bit JLR is constrained with a poor credit rating as to how much it can borrow so will have to spend here even though input costs will be higher.
This is the reality. Being "positive" about it doesn't make it any better if in the long-term the company folds as a consequence.
I'd say this sort of thing is unbelievable, but it isn't.
I'm not actually saying that it is bad news. Can you really not understand that?
I understand very well
And if there is a perfect example of a “glass half empty” attitude - you demonstrate it exceptionally well
"
If you like. If you believe that "positivity" will somehow change the facts then I'm delighted for you |
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By *asyukMan
over a year ago
West London |
" Hi . I guess that if you were an expert on WTO rules you would not be spending your spare time commenting on them on here , or for that matter see the need to make sarcastic comments .
What matters is what you achieve in real life , not what you post on here .
The source of the information is a highly distinguished academic . I am sure that his knowledge of the rules is superior to yours and that any policies which he proposed were fully compliant with all the rules .
jesus pat...in one ear and out the other....
please just name your source, because if I am in bizarro world quoting sir patrick minford, and "economists for brexit", people who actually claim brexit could work but concede the zero tariff culture you are trying to promote would decimate uk manufacturing and uk agriculture in the process
I am quoting people you would normally be quoting!!!!
so again...
1)name your source
2) is the decimation of UK manufacturing and agriculture worth the type of brexit you are proposing??
Hi . I am still uncertain as to why I should be expected ( forced ) to accept your opinion if preference to those of other organisations.
The source is irrelevant. I never ask other posters for sources. If it was of interest I would look it up myself.
No one ever said anything about manufacturing or agriculture collapsing . Steps would be put in place to prevent this.
Sorry to disappoint all the merchants of doom and gloom .
If I wanted the opinion of an expert on WTO terms I do not think I would be using this forum .
You are relentless in your pursuit of ignorance.
I prefer to participate in the UKs economic success.
You, like me, participate in both its success and failure.
Silly chap My guess is that successfull people do not see the necessity to make negative comments about others. The posting of negative comments is simply a reflection on the personality of the person choosing to make the comment .
To participate in the UKs economic success you need to take a number of steps. "
Fortunately I so not need to pay attention to anything you say on this forum.
I read a number of publications and a range of news sources.
I have many long-term investments.
I listen to the views of very successful men and women.
Consequently all that you say is of no consequence.
It's what you achieve that matters, not what you write on a forum under multiple pseudonyms |
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By *mmabluTV/TS
over a year ago
upton wirral |
"it sounds like what pat is suggestion is use the tariff money coming in to discount the cars going out to make sure they don't go up...
that basically a national subsidy to a private company..... that breaks so many WTO rules its quite funny!!!
More importantly, given there will still be some short costs, could a WTO Brexit be beneficial to the motor industry in the long term? There are a number of ways in which it could be. The UK government could reduce or eliminate all tariffs on imported motor components, as a WTO Brexit would allow us to set our own tariff schedule. This would reduce industry costs. In a WTO Brexit we would be able to agree our own FTA’s (Free Trade Agreements), thus potentially boosting UK car exports to non-EU markets. The UK could use some of the £39bn that would otherwise be paid to the EU under Mrs May’s deal to cut corporation tax or boost consumer spending by cutting personal taxes.
oh pat... dear pat.... this is when you find out that people really don't know about the subject they are talking about...
what part of "that basically a national subsidy to a private company..... that breaks so many WTO rules its quite funny!!!" did you not quite digest....
so let me say it again.... "that basically a national government subsidy to a private company..... which breaks WTO rules!"
also.... your plan killed off the secondary UK car manufacturing component industry.... let me explain why
WTO rules state that if a country offers a zero tariff on a particular product... you must give that to every country
so not only are you doing that to countries that already have you have FTA deals with currently.. you have to give it everyone you DONT have a FTA deal with as well....
you just remove the one legal protectionist measure you could give to your own market to make in competative in its own market....
so not only do british companies products cost more when they leave this shores (hitting exports) you allowed china, india, usa ect ect to potentially undercut UK manufacturing thru labour costs and generally being cheaper than the UK counterpart...
so since you said you wanted things to be cheaper... and the UK business can't now offer that product because you made that competitors product cheaper.... you just killed off the uk manufacturing sector!!!!
there is a reason why economists for brexit even concede this would happen!!!
pats grasp of economics is bordering on laughable...."
WTO rules will be a temporary thing so he could be right in the long run so stop trying to b supercilious prats |
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By *asyukMan
over a year ago
West London |
"it sounds like what pat is suggestion is use the tariff money coming in to discount the cars going out to make sure they don't go up...
that basically a national subsidy to a private company..... that breaks so many WTO rules its quite funny!!!
More importantly, given there will still be some short costs, could a WTO Brexit be beneficial to the motor industry in the long term? There are a number of ways in which it could be. The UK government could reduce or eliminate all tariffs on imported motor components, as a WTO Brexit would allow us to set our own tariff schedule. This would reduce industry costs. In a WTO Brexit we would be able to agree our own FTA’s (Free Trade Agreements), thus potentially boosting UK car exports to non-EU markets. The UK could use some of the £39bn that would otherwise be paid to the EU under Mrs May’s deal to cut corporation tax or boost consumer spending by cutting personal taxes.
oh pat... dear pat.... this is when you find out that people really don't know about the subject they are talking about...
what part of "that basically a national subsidy to a private company..... that breaks so many WTO rules its quite funny!!!" did you not quite digest....
so let me say it again.... "that basically a national government subsidy to a private company..... which breaks WTO rules!"
also.... your plan killed off the secondary UK car manufacturing component industry.... let me explain why
WTO rules state that if a country offers a zero tariff on a particular product... you must give that to every country
so not only are you doing that to countries that already have you have FTA deals with currently.. you have to give it everyone you DONT have a FTA deal with as well....
you just remove the one legal protectionist measure you could give to your own market to make in competative in its own market....
so not only do british companies products cost more when they leave this shores (hitting exports) you allowed china, india, usa ect ect to potentially undercut UK manufacturing thru labour costs and generally being cheaper than the UK counterpart...
so since you said you wanted things to be cheaper... and the UK business can't now offer that product because you made that competitors product cheaper.... you just killed off the uk manufacturing sector!!!!
there is a reason why economists for brexit even concede this would happen!!!
pats grasp of economics is bordering on laughable....WTO rules will be a temporary thing so he could be right in the long run so stop trying to b supercilious prats"
Really?
So if we unilaterally remove all tariffs from everyone, we can somehow reverse it by offering some countries the "benefit" of negotiating the addition of tariffs that they don't have to pay?
How you think that it will work? |
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By *abioMan
over a year ago
Newcastle and Gateshead |
"WTO rules will be a temporary thing so he could be right in the long run so stop trying to b supercilious prats"
but the 1st thing he suggested which was to use a government subsidy to prop up a private company is illegal under WTO rules to begin with! no matter how "temporary" you deem it to be!
geez.... if you are going to reply, at least know what you are replying to!
also... how "temporary" is temporary to go from WTO to any deal.... days? weeks? months? likely years on years....
case in point... you want to look at commonwealth countries to bail you out... lets use "canada"
the UK government have asked canada for a continuance of CETA (the Canada EU Trade Agreement) in case of a no deal brexit.....
last week Canada said...... erm.... not so fast! |
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By (user no longer on site) OP
over a year ago
|
"WTO rules will be a temporary thing so he could be right in the long run so stop trying to b supercilious prats
but the 1st thing he suggested which was to use a government subsidy to prop up a private company is illegal under WTO rules to begin with! no matter how "temporary" you deem it to be!
geez.... if you are going to reply, at least know what you are replying to!
also... how "temporary" is temporary to go from WTO to any deal.... days? weeks? months? likely years on years....
case in point... you want to look at commonwealth countries to bail you out... lets use "canada"
the UK government have asked canada for a continuance of CETA (the Canada EU Trade Agreement) in case of a no deal brexit.....
last week Canada said...... erm.... not so fast!"
You might need to read the Sunday Telegraph . There is an excellent article on what is most likely to happen . I will be paying more attention to the article concerned than the merchants of doom and gloom who post on here . |
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By (user no longer on site) OP
over a year ago
|
"it sounds like what pat is suggestion is use the tariff money coming in to discount the cars going out to make sure they don't go up...
that basically a national subsidy to a private company..... that breaks so many WTO rules its quite funny!!!
More importantly, given there will still be some short costs, could a WTO Brexit be beneficial to the motor industry in the long term? There are a number of ways in which it could be. The UK government could reduce or eliminate all tariffs on imported motor components, as a WTO Brexit would allow us to set our own tariff schedule. This would reduce industry costs. In a WTO Brexit we would be able to agree our own FTA’s (Free Trade Agreements), thus potentially boosting UK car exports to non-EU markets. The UK could use some of the £39bn that would otherwise be paid to the EU under Mrs May’s deal to cut corporation tax or boost consumer spending by cutting personal taxes.
oh pat... dear pat.... this is when you find out that people really don't know about the subject they are talking about...
what part of "that basically a national subsidy to a private company..... that breaks so many WTO rules its quite funny!!!" did you not quite digest....
so let me say it again.... "that basically a national government subsidy to a private company..... which breaks WTO rules!"
also.... your plan killed off the secondary UK car manufacturing component industry.... let me explain why
WTO rules state that if a country offers a zero tariff on a particular product... you must give that to every country
so not only are you doing that to countries that already have you have FTA deals with currently.. you have to give it everyone you DONT have a FTA deal with as well....
you just remove the one legal protectionist measure you could give to your own market to make in competative in its own market....
so not only do british companies products cost more when they leave this shores (hitting exports) you allowed china, india, usa ect ect to potentially undercut UK manufacturing thru labour costs and generally being cheaper than the UK counterpart...
so since you said you wanted things to be cheaper... and the UK business can't now offer that product because you made that competitors product cheaper.... you just killed off the uk manufacturing sector!!!!
there is a reason why economists for brexit even concede this would happen!!!
pats grasp of economics is bordering on laughable....WTO rules will be a temporary thing so he could be right in the long run so stop trying to b supercilious prats"
Hi.There is an excellent article in today's Sunday Telegraph on the topic. |
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By *asyukMan
over a year ago
West London |
"WTO rules will be a temporary thing so he could be right in the long run so stop trying to b supercilious prats
but the 1st thing he suggested which was to use a government subsidy to prop up a private company is illegal under WTO rules to begin with! no matter how "temporary" you deem it to be!
geez.... if you are going to reply, at least know what you are replying to!
also... how "temporary" is temporary to go from WTO to any deal.... days? weeks? months? likely years on years....
case in point... you want to look at commonwealth countries to bail you out... lets use "canada"
the UK government have asked canada for a continuance of CETA (the Canada EU Trade Agreement) in case of a no deal brexit.....
last week Canada said...... erm.... not so fast!
You might need to read the Sunday Telegraph . There is an excellent article on what is most likely to happen . I will be paying more attention to the article concerned than the merchants of doom and gloom who post on here ."
No. Nobody needs to read the Telegraph anymore than they need to read the Mail or the Guardian.
Why is the Telegraph more reliable than the Guardian Pat? |
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By (user no longer on site)
over a year ago
|
yet the pound is trading at its lowest rate against the us dollar since 1985 and it's barely holding it's own against the euro.
All commodities that trade in usd are becoming more and more expensive for the uk. |
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" yet the pound is trading at its lowest rate against the us dollar since 1985 and it's barely holding it's own against the euro.
All commodities that trade in usd are becoming more and more expensive for the uk."
You've got to just keep that wheel turning haven’t you!
 |
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By (user no longer on site)
over a year ago
|
" yet the pound is trading at its lowest rate against the us dollar since 1985 and it's barely holding it's own against the euro.
All commodities that trade in usd are becoming more and more expensive for the uk.
You've got to just keep that wheel turning haven’t you!
"
The point is that since the pound has been hit our export growth will have gained probably largely due to the lower Sterling Value which this fact is quickly grabbed by leavers as a sign of Brexit will be good while ignoring the fact that nearly every import on the flip side will be more expensive.
|
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" yet the pound is trading at its lowest rate against the us dollar since 1985 and it's barely holding it's own against the euro.
All commodities that trade in usd are becoming more and more expensive for the uk.
You've got to just keep that wheel turning haven’t you!
The point is that since the pound has been hit our export growth will have gained probably largely due to the lower Sterling Value which this fact is quickly grabbed by leavers as a sign of Brexit will be good while ignoring the fact that nearly every import on the flip side will be more expensive.
"
Yes I get that . Have we seen supermarkets cranking up the prices of FMCG ?
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