FabSwingers.com > Forums > Politics > No deal Brexit not a big risk , says boss of Aston .
No deal Brexit not a big risk , says boss of Aston .
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By (user no longer on site) OP
over a year ago
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Andy Palmer has blasted the governments attempt at negotiations , and broke with other car bosses by calling for the country to leave the European Union in October even if no agreement has been reached . In his view a no deal departure is better than more uncertainty
Palmer is bored of Brexit and told a crowd of car industry insiders in London " We think we know how we would cope with no deal . We have planned for that . It is not great , we would prefer it was not a no deal . |
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By *abioMan
over a year ago
Newcastle and Gateshead |
erm...... exactly how does:
"We think we know how we would cope with no deal . We have planned for that . It is not great!"
exactly stack up with.....
"No deal Brexit not a big risk , says boss of Aston"
I think pat is using what is known as "artistic licence"
and thats without the whole "expensive cars being tariff-proof" discussion we have had before.... |
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"Andy Palmer has blasted the governments attempt at negotiations , and broke with other car bosses by calling for the country to leave the European Union in October even if no agreement has been reached . In his view a no deal departure is better than more uncertainty
Palmer is bored of Brexit and told a crowd of car industry insiders in London " We think we know how we would cope with no deal . We have planned for that . It is not great , we would prefer it was not a no deal . "
He basically said "we'd prefer a deal because it's better for business but what we can't deal with is the shit show leavers caused by voting with their arses"
I agree with him! |
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"Andy Palmer has blasted the governments attempt at negotiations , and broke with other car bosses by calling for the country to leave the European Union in October even if no agreement has been reached . In his view a no deal departure is better than more uncertainty
Palmer is bored of Brexit and told a crowd of car industry insiders in London " We think we know how we would cope with no deal . We have planned for that . It is not great , we would prefer it was not a no deal .
He basically said "we'd prefer a deal because it's better for business but what we can't deal with is the shit show leavers caused by voting with their arses"
I agree with him!"
He didn’t say “shit show leavers caused by voting with their arses”. That’s all your own work so no need to show it as a quote  |
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"Andy Palmer has blasted the governments attempt at negotiations , and broke with other car bosses by calling for the country to leave the European Union in October even if no agreement has been reached . In his view a no deal departure is better than more uncertainty
Palmer is bored of Brexit and told a crowd of car industry insiders in London " We think we know how we would cope with no deal . We have planned for that . It is not great , we would prefer it was not a no deal .
He basically said "we'd prefer a deal because it's better for business but what we can't deal with is the shit show leavers caused by voting with their arses"
I agree with him!
He didn’t say “shit show leavers caused by voting with their arses”. That’s all your own work so no need to show it as a quote "
None of it was a quote. It was my analysis. All of which true. |
Reply privately, Reply in forum +quote
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"Andy Palmer has blasted the governments attempt at negotiations , and broke with other car bosses by calling for the country to leave the European Union in October even if no agreement has been reached . In his view a no deal departure is better than more uncertainty
Palmer is bored of Brexit and told a crowd of car industry insiders in London " We think we know how we would cope with no deal . We have planned for that . It is not great , we would prefer it was not a no deal .
He basically said "we'd prefer a deal because it's better for business but what we can't deal with is the shit show leavers caused by voting with their arses"
I agree with him!
He didn’t say “shit show leavers caused by voting with their arses”. That’s all your own work so no need to show it as a quote
None of it was a quote. It was my analysis. All of which true."
So don’t use quotations
your opinion is your analysis is correct |
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or View forums list | |
"Andy Palmer has blasted the governments attempt at negotiations , and broke with other car bosses by calling for the country to leave the European Union in October even if no agreement has been reached . In his view a no deal departure is better than more uncertainty
Palmer is bored of Brexit and told a crowd of car industry insiders in London " We think we know how we would cope with no deal . We have planned for that . It is not great , we would prefer it was not a no deal .
He basically said "we'd prefer a deal because it's better for business but what we can't deal with is the shit show leavers caused by voting with their arses"
I agree with him!
He didn’t say “shit show leavers caused by voting with their arses”. That’s all your own work so no need to show it as a quote
None of it was a quote. It was my analysis. All of which true.
So don’t use quotations
your opinion is your analysis is correct "
It's ok. I have alternative grammar.
And no, if you read the interview he definitely said this. |
Reply privately, Reply in forum +quote
or View forums list | |
"Andy Palmer has blasted the governments attempt at negotiations , and broke with other car bosses by calling for the country to leave the European Union in October even if no agreement has been reached . In his view a no deal departure is better than more uncertainty
Palmer is bored of Brexit and told a crowd of car industry insiders in London " We think we know how we would cope with no deal . We have planned for that . It is not great , we would prefer it was not a no deal .
He basically said "we'd prefer a deal because it's better for business but what we can't deal with is the shit show leavers caused by voting with their arses"
I agree with him!
He didn’t say “shit show leavers caused by voting with their arses”. That’s all your own work so no need to show it as a quote
None of it was a quote. It was my analysis. All of which true.
So don’t use quotations
your opinion is your analysis is correct
It's ok. I have alternative grammar.
And no, if you read the interview he definitely said this."
Where you reading the interview from - your source ? |
Reply privately, Reply in forum +quote
or View forums list | |
"Andy Palmer has blasted the governments attempt at negotiations , and broke with other car bosses by calling for the country to leave the European Union in October even if no agreement has been reached . In his view a no deal departure is better than more uncertainty
Palmer is bored of Brexit and told a crowd of car industry insiders in London " We think we know how we would cope with no deal . We have planned for that . It is not great , we would prefer it was not a no deal .
He basically said "we'd prefer a deal because it's better for business but what we can't deal with is the shit show leavers caused by voting with their arses"
I agree with him!
He didn’t say “shit show leavers caused by voting with their arses”. That’s all your own work so no need to show it as a quote
None of it was a quote. It was my analysis. All of which true.
So don’t use quotations
your opinion is your analysis is correct
It's ok. I have alternative grammar.
And no, if you read the interview he definitely said this.
Where you reading the interview from - your source ?"
Top of Google for me at moemnt are Autocar, This Is Money and Reuters.
In all of them he says a deal is better but he'd prefer to end the Brexit uncertainty. And who caused the Brexit uncertainty? Every Leaver who bought a unicorn from Boris and Farage. |
Reply privately, Reply in forum +quote
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"Andy Palmer has blasted the governments attempt at negotiations , and broke with other car bosses by calling for the country to leave the European Union in October even if no agreement has been reached . In his view a no deal departure is better than more uncertainty
Palmer is bored of Brexit and told a crowd of car industry insiders in London " We think we know how we would cope with no deal . We have planned for that . It is not great , we would prefer it was not a no deal .
He basically said "we'd prefer a deal because it's better for business but what we can't deal with is the shit show leavers caused by voting with their arses"
I agree with him!
He didn’t say “shit show leavers caused by voting with their arses”. That’s all your own work so no need to show it as a quote
None of it was a quote. It was my analysis. All of which true.
So don’t use quotations
your opinion is your analysis is correct
It's ok. I have alternative grammar.
And no, if you read the interview he definitely said this.
Where you reading the interview from - your source ?
Top of Google for me at moemnt are Autocar, This Is Money and Reuters.
In all of them he says a deal is better but he'd prefer to end the Brexit uncertainty. And who caused the Brexit uncertainty? Every Leaver who bought a unicorn from Boris and Farage."
So he didn’t actually say the words that you quoted - “shit show leavers caused by voting with their arses”.
|
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"Andy Palmer has blasted the governments attempt at negotiations , and broke with other car bosses by calling for the country to leave the European Union in October even if no agreement has been reached . In his view a no deal departure is better than more uncertainty
Palmer is bored of Brexit and told a crowd of car industry insiders in London " We think we know how we would cope with no deal . We have planned for that . It is not great , we would prefer it was not a no deal .
He basically said "we'd prefer a deal because it's better for business but what we can't deal with is the shit show leavers caused by voting with their arses"
I agree with him!
He didn’t say “shit show leavers caused by voting with their arses”. That’s all your own work so no need to show it as a quote
None of it was a quote. It was my analysis. All of which true.
So don’t use quotations
your opinion is your analysis is correct
It's ok. I have alternative grammar.
And no, if you read the interview he definitely said this.
Where you reading the interview from - your source ?
Top of Google for me at moemnt are Autocar, This Is Money and Reuters.
In all of them he says a deal is better but he'd prefer to end the Brexit uncertainty. And who caused the Brexit uncertainty? Every Leaver who bought a unicorn from Boris and Farage.
So he didn’t actually say the words that you quoted - “shit show leavers caused by voting with their arses”.
"
I said I wasn't quoting. Jesus the champagne swilling grammar police in their ivory towers is what got us into this mess. Have you seen the title on this post? It's a post-fact world you helped invent. Adapt and move on. |
Reply privately, Reply in forum +quote
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"Andy Palmer has blasted the governments attempt at negotiations , and broke with other car bosses by calling for the country to leave the European Union in October even if no agreement has been reached . In his view a no deal departure is better than more uncertainty
Palmer is bored of Brexit and told a crowd of car industry insiders in London " We think we know how we would cope with no deal . We have planned for that . It is not great , we would prefer it was not a no deal .
He basically said "we'd prefer a deal because it's better for business but what we can't deal with is the shit show leavers caused by voting with their arses"
I agree with him!
He didn’t say “shit show leavers caused by voting with their arses”. That’s all your own work so no need to show it as a quote
None of it was a quote. It was my analysis. All of which true.
So don’t use quotations
your opinion is your analysis is correct
It's ok. I have alternative grammar.
And no, if you read the interview he definitely said this.
Where you reading the interview from - your source ?
Top of Google for me at moemnt are Autocar, This Is Money and Reuters.
In all of them he says a deal is better but he'd prefer to end the Brexit uncertainty. And who caused the Brexit uncertainty? Every Leaver who bought a unicorn from Boris and Farage.
So he didn’t actually say the words that you quoted - “shit show leavers caused by voting with their arses”.
I said I wasn't quoting. Jesus the champagne swilling grammar police in their ivory towers is what got us into this mess. Have you seen the title on this post? It's a post-fact world you helped invent. Adapt and move on. "
You used quotations ! And this isn’t about grammar -it’s about facts.
|
Reply privately, Reply in forum +quote
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"Andy Palmer has blasted the governments attempt at negotiations , and broke with other car bosses by calling for the country to leave the European Union in October even if no agreement has been reached . In his view a no deal departure is better than more uncertainty
Palmer is bored of Brexit and told a crowd of car industry insiders in London " We think we know how we would cope with no deal . We have planned for that . It is not great , we would prefer it was not a no deal .
He basically said "we'd prefer a deal because it's better for business but what we can't deal with is the shit show leavers caused by voting with their arses"
I agree with him!
He didn’t say “shit show leavers caused by voting with their arses”. That’s all your own work so no need to show it as a quote
None of it was a quote. It was my analysis. All of which true.
So don’t use quotations
your opinion is your analysis is correct
It's ok. I have alternative grammar.
And no, if you read the interview he definitely said this.
Where you reading the interview from - your source ?
Top of Google for me at moemnt are Autocar, This Is Money and Reuters.
In all of them he says a deal is better but he'd prefer to end the Brexit uncertainty. And who caused the Brexit uncertainty? Every Leaver who bought a unicorn from Boris and Farage.
So he didn’t actually say the words that you quoted - “shit show leavers caused by voting with their arses”.
I said I wasn't quoting. Jesus the champagne swilling grammar police in their ivory towers is what got us into this mess. Have you seen the title on this post? It's a post-fact world you helped invent. Adapt and move on.
You used quotations ! And this isn’t about grammar -it’s about facts.
"
"You used quotations ! And this isn't about grammar"
Are you sure? |
Reply privately, Reply in forum +quote
or View forums list | |
"Andy Palmer has blasted the governments attempt at negotiations , and broke with other car bosses by calling for the country to leave the European Union in October even if no agreement has been reached . In his view a no deal departure is better than more uncertainty
Palmer is bored of Brexit and told a crowd of car industry insiders in London " We think we know how we would cope with no deal . We have planned for that . It is not great , we would prefer it was not a no deal .
He basically said "we'd prefer a deal because it's better for business but what we can't deal with is the shit show leavers caused by voting with their arses"
I agree with him!
He didn’t say “shit show leavers caused by voting with their arses”. That’s all your own work so no need to show it as a quote
None of it was a quote. It was my analysis. All of which true.
So don’t use quotations
your opinion is your analysis is correct
It's ok. I have alternative grammar.
And no, if you read the interview he definitely said this.
Where you reading the interview from - your source ?
Top of Google for me at moemnt are Autocar, This Is Money and Reuters.
In all of them he says a deal is better but he'd prefer to end the Brexit uncertainty. And who caused the Brexit uncertainty? Every Leaver who bought a unicorn from Boris and Farage.
So he didn’t actually say the words that you quoted - “shit show leavers caused by voting with their arses”.
I said I wasn't quoting. Jesus the champagne swilling grammar police in their ivory towers is what got us into this mess. Have you seen the title on this post? It's a post-fact world you helped invent. Adapt and move on.
You used quotations ! And this isn’t about grammar -it’s about facts.
"You used quotations ! And this isn't about grammar"
Are you sure?"
Well done you’ve got it now ...
|
Reply privately, Reply in forum +quote
or View forums list | |
"Andy Palmer has blasted the governments attempt at negotiations , and broke with other car bosses by calling for the country to leave the European Union in October even if no agreement has been reached . In his view a no deal departure is better than more uncertainty
Palmer is bored of Brexit and told a crowd of car industry insiders in London " We think we know how we would cope with no deal . We have planned for that . It is not great , we would prefer it was not a no deal .
He basically said "we'd prefer a deal because it's better for business but what we can't deal with is the shit show leavers caused by voting with their arses"
I agree with him!
He didn’t say “shit show leavers caused by voting with their arses”. That’s all your own work so no need to show it as a quote
None of it was a quote. It was my analysis. All of which true.
So don’t use quotations
your opinion is your analysis is correct
It's ok. I have alternative grammar.
And no, if you read the interview he definitely said this.
Where you reading the interview from - your source ?
Top of Google for me at moemnt are Autocar, This Is Money and Reuters.
In all of them he says a deal is better but he'd prefer to end the Brexit uncertainty. And who caused the Brexit uncertainty? Every Leaver who bought a unicorn from Boris and Farage.
So he didn’t actually say the words that you quoted - “shit show leavers caused by voting with their arses”.
I said I wasn't quoting. Jesus the champagne swilling grammar police in their ivory towers is what got us into this mess. Have you seen the title on this post? It's a post-fact world you helped invent. Adapt and move on.
You used quotations ! And this isn’t about grammar -it’s about facts.
"You used quotations ! And this isn't about grammar"
Are you sure?
Well done you’ve got it now ...
"
The irony is truly lost isn't it?
|
Reply privately, Reply in forum +quote
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"Andy Palmer has blasted the governments attempt at negotiations , and broke with other car bosses by calling for the country to leave the European Union in October even if no agreement has been reached . In his view a no deal departure is better than more uncertainty
Palmer is bored of Brexit and told a crowd of car industry insiders in London " We think we know how we would cope with no deal . We have planned for that . It is not great , we would prefer it was not a no deal .
He basically said "we'd prefer a deal because it's better for business but what we can't deal with is the shit show leavers caused by voting with their arses"
I agree with him!
He didn’t say “shit show leavers caused by voting with their arses”. That’s all your own work so no need to show it as a quote
None of it was a quote. It was my analysis. All of which true.
So don’t use quotations
your opinion is your analysis is correct
It's ok. I have alternative grammar.
And no, if you read the interview he definitely said this.
Where you reading the interview from - your source ?
Top of Google for me at moemnt are Autocar, This Is Money and Reuters.
In all of them he says a deal is better but he'd prefer to end the Brexit uncertainty. And who caused the Brexit uncertainty? Every Leaver who bought a unicorn from Boris and Farage.
So he didn’t actually say the words that you quoted - “shit show leavers caused by voting with their arses”.
I said I wasn't quoting. Jesus the champagne swilling grammar police in their ivory towers is what got us into this mess. Have you seen the title on this post? It's a post-fact world you helped invent. Adapt and move on.
You used quotations ! And this isn’t about grammar -it’s about facts.
"You used quotations ! And this isn't about grammar"
Are you sure?
Well done you’ve got it now ...
The irony is truly lost isn't it?
"
The irony?
|
Reply privately, Reply in forum +quote
or View forums list | |
"Andy Palmer has blasted the governments attempt at negotiations , and broke with other car bosses by calling for the country to leave the European Union in October even if no agreement has been reached . In his view a no deal departure is better than more uncertainty
Palmer is bored of Brexit and told a crowd of car industry insiders in London " We think we know how we would cope with no deal . We have planned for that . It is not great , we would prefer it was not a no deal .
He basically said "we'd prefer a deal because it's better for business but what we can't deal with is the shit show leavers caused by voting with their arses"
I agree with him!
He didn’t say “shit show leavers caused by voting with their arses”. That’s all your own work so no need to show it as a quote
None of it was a quote. It was my analysis. All of which true.
So don’t use quotations
your opinion is your analysis is correct
It's ok. I have alternative grammar.
And no, if you read the interview he definitely said this.
Where you reading the interview from - your source ?
Top of Google for me at moemnt are Autocar, This Is Money and Reuters.
In all of them he says a deal is better but he'd prefer to end the Brexit uncertainty. And who caused the Brexit uncertainty? Every Leaver who bought a unicorn from Boris and Farage.
So he didn’t actually say the words that you quoted - “shit show leavers caused by voting with their arses”.
I said I wasn't quoting. Jesus the champagne swilling grammar police in their ivory towers is what got us into this mess. Have you seen the title on this post? It's a post-fact world you helped invent. Adapt and move on.
You used quotations ! And this isn’t about grammar -it’s about facts.
"You used quotations ! And this isn't about grammar"
Are you sure?
Well done you’ve got it now ...
The irony is truly lost isn't it?
The irony?
"
 |
Reply privately, Reply in forum +quote
or View forums list | |
"Andy Palmer has blasted the governments attempt at negotiations , and broke with other car bosses by calling for the country to leave the European Union in October even if no agreement has been reached . In his view a no deal departure is better than more uncertainty
Palmer is bored of Brexit and told a crowd of car industry insiders in London " We think we know how we would cope with no deal . We have planned for that . It is not great , we would prefer it was not a no deal .
He basically said "we'd prefer a deal because it's better for business but what we can't deal with is the shit show leavers caused by voting with their arses"
I agree with him!
He didn’t say “shit show leavers caused by voting with their arses”. That’s all your own work so no need to show it as a quote
None of it was a quote. It was my analysis. All of which true.
So don’t use quotations
your opinion is your analysis is correct
It's ok. I have alternative grammar.
And no, if you read the interview he definitely said this.
Where you reading the interview from - your source ?
Top of Google for me at moemnt are Autocar, This Is Money and Reuters.
In all of them he says a deal is better but he'd prefer to end the Brexit uncertainty. And who caused the Brexit uncertainty? Every Leaver who bought a unicorn from Boris and Farage.
So he didn’t actually say the words that you quoted - “shit show leavers caused by voting with their arses”.
I said I wasn't quoting. Jesus the champagne swilling grammar police in their ivory towers is what got us into this mess. Have you seen the title on this post? It's a post-fact world you helped invent. Adapt and move on.
You used quotations ! And this isn’t about grammar -it’s about facts.
"You used quotations ! And this isn't about grammar"
Are you sure?
Well done you’ve got it now ...
The irony is truly lost isn't it?
The irony?
"
 |
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By (user no longer on site)
over a year ago
|
"
" We think we know how we would cope with no deal . We have planned for that . It is not great , we would prefer it was not a no deal . "
What a fucking resounding ringing endorsement for a no deal Brexit
My vote for most entertaining post of the day
|
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"
" We think we know how we would cope with no deal . We have planned for that . It is not great , we would prefer it was not a no deal .
What a fucking resounding ringing endorsement for a no deal Brexit
My vote for most entertaining post of the day
"
Agree it’s not an endorsement, and he’s not exactly a pro leaver
What he does say, to paraphrase it , no more indecision let’s get on with it.
Can’t argue with him on that  |
Reply privately, Reply in forum +quote
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"
" We think we know how we would cope with no deal . We have planned for that . It is not great , we would prefer it was not a no deal .
What a fucking resounding ringing endorsement for a no deal Brexit
My vote for most entertaining post of the day
Agree it’s not an endorsement, and he’s not exactly a pro leaver
What he does say, to paraphrase it , no more indecision let’s get on with it.
Can’t argue with him on that "
You missed the bit about the shit show leavers caused by voting with their arses! |
Reply privately, Reply in forum +quote
or View forums list | |
"
" We think we know how we would cope with no deal . We have planned for that . It is not great , we would prefer it was not a no deal .
What a fucking resounding ringing endorsement for a no deal Brexit
My vote for most entertaining post of the day
Agree it’s not an endorsement, and he’s not exactly a pro leaver
What he does say, to paraphrase it , no more indecision let’s get on with it.
Can’t argue with him on that
You missed the bit about the shit show leavers caused by voting with their arses! "
Nah, I know how to paraphrase and use quotations
|
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By (user no longer on site)
over a year ago
|
"No deal will be better than months/years of parliament delaying it.. As they can’t agree on anything.. to many remoaners
Delay and uncertainty are what’s bad for business and the economy.."
Obviously the uncertainty is all about if we have a deal or we get no deal so if we end up with no deal then that may be the Nuclear scenario for a lot of big businesses that then cannot remain in the UK due to the barriers and cost increase it creates for trade.
But yes, even if we lose a big chunk of businesses due to a no deal then getting that over with and not prolonging that outcome longer than needed has to be "better" if you can call it that. |
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What the guy is saying makes perfect sense to him personally. High end cars have a higher profit margin so can possibly stand the 10% tariffs and still make a profit, i doubt lower end manufactures could. A bigger proportion of astons are sold outside eu than more mass produced manufactuers so less effect there. |
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"No deal will be better than months/years of parliament delaying it.. As they can’t agree on anything.. to many remoaners
Delay and uncertainty are what’s bad for business and the economy.."
what's bad for business and the economy is cutting ourselves off from the EU's and dozens of FTAs why have with other countries as part of our membership. Uncertainty is bad: No deal is worse |
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By (user no longer on site)
over a year ago
|
"Andy Palmer has blasted the governments attempt at negotiations , and broke with other car bosses by calling for the country to leave the European Union in October even if no agreement has been reached . In his view a no deal departure is better than more uncertainty
Palmer is bored of Brexit and told a crowd of car industry insiders in London " We think we know how we would cope with no deal . We have planned for that . It is not great , we would prefer it was not a no deal . "
Aston Martin are a tiny company who operate in a high end ‘niche’ market, it can not be compared to the much larger car manufacturers |
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"No deal will be better than months/years of parliament delaying it.. As they can’t agree on anything.. to many remoaners
Delay and uncertainty are what’s bad for business and the economy.."
But what's been even worse is the situation whereby we pushed the button on article 50 without any sort of cohesive strategy or consensus to get it through and the plans in place for the what ifs..
Btw you seem to be blind to the actual facts of the last few years and the disruption caused by the Erg and the Dup etc.. |
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By *abioMan
over a year ago
Newcastle and Gateshead |
just in case pat missed it today.... here is what the Office of Budget Responsibility (OBR) said today about the no deal brexit pat seems to crave....
"In Chapter 10 we carry out a fiscal ‘stress test’ that quantifies the impact on the public finances of a particular no-deal, no-transition Brexit scenario, namely the less disruptive of the two presented by the IMF in its April 2019 World Economic Outlook. While it is a scenario, rather than a forecast, it is nevertheless useful for exploring the channels through which the public finances might respond in the case of a no-deal Brexit.
Heightened uncertainty and declining confidence deter investment, while higher trade barriers with the EU weigh on exports. Together, these push the economy into recession, with asset prices and the pound falling sharply. Real GDP falls by 2% by the end of 2020 and is 4% below our March forecast by that point. Higher trade barriers also slow growth in potential productivity, while lower net inward migration reduces labour force growth, so potential output is lower than the baseline throughout the scenario (and beyond). The imposition of tariffs and the sterling depreciation raise inflation and squeeze real household incomes, but the monetary policy committee is able to cut bank rate to support demand, helping to bring output back towards potential and inflation back towards target.
Borrowing is around £30bn a year higher than our March forecast from 2020-21 onwards. Lower receipts – in particular income tax and NICs (due to the recession) and capital taxes (due to weaker asset prices) – explain most of the deterioration. These are partly offset by lower debt interest spending (thanks to lower interest rates and RPI inflation) and the revenue raised customs duties (which are treated as EU rather than UK taxes in the baseline). Higher borrowing and the assumed rollover of Term Funding Scheme loans leave public sector net debt around 12% of GDP higher than our March forecast by 2023-24."
short version....... screwed!!!! |
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By (user no longer on site)
over a year ago
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"just in case pat missed it today.... here is what the Office of Budget Responsibility (OBR) said today about the no deal brexit pat seems to crave....
"In Chapter 10 we carry out a fiscal ‘stress test’ that quantifies the impact on the public finances of a particular no-deal, no-transition Brexit scenario, namely the less disruptive of the two presented by the IMF in its April 2019 World Economic Outlook. While it is a scenario, rather than a forecast, it is nevertheless useful for exploring the channels through which the public finances might respond in the case of a no-deal Brexit.
Heightened uncertainty and declining confidence deter investment, while higher trade barriers with the EU weigh on exports. Together, these push the economy into recession, with asset prices and the pound falling sharply. Real GDP falls by 2% by the end of 2020 and is 4% below our March forecast by that point. Higher trade barriers also slow growth in potential productivity, while lower net inward migration reduces labour force growth, so potential output is lower than the baseline throughout the scenario (and beyond). The imposition of tariffs and the sterling depreciation raise inflation and squeeze real household incomes, but the monetary policy committee is able to cut bank rate to support demand, helping to bring output back towards potential and inflation back towards target.
Borrowing is around £30bn a year higher than our March forecast from 2020-21 onwards. Lower receipts – in particular income tax and NICs (due to the recession) and capital taxes (due to weaker asset prices) – explain most of the deterioration. These are partly offset by lower debt interest spending (thanks to lower interest rates and RPI inflation) and the revenue raised customs duties (which are treated as EU rather than UK taxes in the baseline). Higher borrowing and the assumed rollover of Term Funding Scheme loans leave public sector net debt around 12% of GDP higher than our March forecast by 2023-24."
short version....... screwed!!!!"
Apparently that's what the country voted for |
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And ferrari wouldn't give a shit if italy left the EU, cause they are ferrari and their customers wont give a second thought to 5-10% price increase.
But no one will spend 5-10% more for a jag than a bmw/merc. Thats insanity.
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By (user no longer on site)
over a year ago
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"And ferrari wouldn't give a shit if italy left the EU, cause they are ferrari and their customers wont give a second thought to 5-10% price increase.
But no one will spend 5-10% more for a jag than a bmw/merc. Thats insanity.
"
That's it. Higher / premium car brands will not be affected anyway like ordinary everyday brands will be due to 10% tarrifs. |
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Anyone who thinks that the majority of UK citizens will not become substantially poorer is deluded or deluding others.
Boris Johnsons kipper blaming on the EU shows his level of incompetency
The UK is being flushed down the toilet, with financial rinsing to follow |
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"And ferrari wouldn't give a shit if italy left the EU, cause they are ferrari and their customers wont give a second thought to 5-10% price increase.
"
But fiat who own ferrari wouldn't want to leave. |
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"And ferrari wouldn't give a shit if italy left the EU, cause they are ferrari and their customers wont give a second thought to 5-10% price increase.
But fiat who own ferrari wouldn't want to leave."
Yes, fiat would be pissing blood if they were told to leave. |
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By *ercuryMan
over a year ago
Grantham |
"AM shares are down 22pc off the back or slashing profitability targets. Tbf Brexit wasn't mentioned, just weakens in UK and European markets."
The car manufacturing business is suffering worldwide at the moment.
Nissan are about to cut 10000 jobs worldwide. |
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"Andy Palmer has blasted the governments attempt at negotiations , and broke with other car bosses by calling for the country to leave the European Union in October even if no agreement has been reached . In his view a no deal departure is better than more uncertainty
Palmer is bored of Brexit and told a crowd of car industry insiders in London " We think we know how we would cope with no deal . We have planned for that . It is not great , we would prefer it was not a no deal . "
OP, I would just like to point out that Palmer is nothing more than an employee of Aston Martin, Aston Martin being OWNED by THE FORD MOTOR COMPANY. Would you now like to tell us all what the boss of Ford thinks of brexit and a no deal brexit in particular. Who do you think we should pay attention to? The owner or the servant (no matter senior their position). |
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By (user no longer on site) OP
over a year ago
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"Andy Palmer has blasted the governments attempt at negotiations , and broke with other car bosses by calling for the country to leave the European Union in October even if no agreement has been reached . In his view a no deal departure is better than more uncertainty
Palmer is bored of Brexit and told a crowd of car industry insiders in London " We think we know how we would cope with no deal . We have planned for that . It is not great , we would prefer it was not a no deal .
OP, I would just like to point out that Palmer is nothing more than an employee of Aston Martin, Aston Martin being OWNED by THE FORD MOTOR COMPANY. Would you now like to tell us all what the boss of Ford thinks of brexit and a no deal brexit in particular. Who do you think we should pay attention to? The owner or the servant (no matter senior their position)."
Last time I checked were quoted on the LSE and the largest shareholder is Strategic European Investment Group who own 31 % of the shares. They sold some shares at £19 last September and are going to buy more at £10 each.
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By (user no longer on site)
over a year ago
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"Andy Palmer has blasted the governments attempt at negotiations , and broke with other car bosses by calling for the country to leave the European Union in October even if no agreement has been reached . In his view a no deal departure is better than more uncertainty
Palmer is bored of Brexit and told a crowd of car industry insiders in London " We think we know how we would cope with no deal . We have planned for that . It is not great , we would prefer it was not a no deal .
OP, I would just like to point out that Palmer is nothing more than an employee of Aston Martin, Aston Martin being OWNED by THE FORD MOTOR COMPANY. Would you now like to tell us all what the boss of Ford thinks of brexit and a no deal brexit in particular. Who do you think we should pay attention to? The owner or the servant (no matter senior their position)."
Ford sold Aston Martin over 10 years ago. |
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By *ara JTV/TS
over a year ago
Bristol East |
City press is scathing today of Aston Martin.
Shares tumbled even lower after company admitted sales are continuing to fall.
Profits expected to halve.
Share price down 25 per cent in a day.
The vultures are circling (it has gone bust 7 times before).
The company blames two things:
- high-end buyers are holding off on luxury buys because of Brexit and US/China trade war
- a glut of unsold cars at dealers
The company is failing basically. |
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By (user no longer on site) OP
over a year ago
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"City press is scathing today of Aston Martin.
Shares tumbled even lower after company admitted sales are continuing to fall.
Profits expected to halve.
Share price down 25 per cent in a day.
The vultures are circling (it has gone bust 7 times before).
The company blames two things:
- high-end buyers are holding off on luxury buys because of Brexit and US/China trade war
- a glut of unsold cars at dealers
The company is failing basically."
Another posting of doom and gloom. A much more likely scenario is the the company will adopt its strategy to survive . Times are tough for all car manufacturers . |
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"City press is scathing today of Aston Martin.
Shares tumbled even lower after company admitted sales are continuing to fall.
Profits expected to halve.
Share price down 25 per cent in a day.
The vultures are circling (it has gone bust 7 times before).
The company blames two things:
- high-end buyers are holding off on luxury buys because of Brexit and US/China trade war
- a glut of unsold cars at dealers
The company is failing basically. Another posting of doom and gloom. A much more likely scenario is the the company will adopt its strategy to survive . Times are tough for all car manufacturers . "
Pat your so negative, its an accurate assessment of the companies present state..
Tune yourself into Boris fm and suck up that positive vibe..  |
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By *ara JTV/TS
over a year ago
Bristol East |
"City press is scathing today of Aston Martin.
Shares tumbled even lower after company admitted sales are continuing to fall.
Profits expected to halve.
Share price down 25 per cent in a day.
The vultures are circling (it has gone bust 7 times before).
The company blames two things:
- high-end buyers are holding off on luxury buys because of Brexit and US/China trade war
- a glut of unsold cars at dealers
The company is failing basically. Another posting of doom and gloom. A much more likely scenario is the the company will adopt its strategy to survive . Times are tough for all car manufacturers . "
Why don't you ring the City press and give them your expert commentary? |
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By (user no longer on site)
over a year ago
|
"City press is scathing today of Aston Martin.
Shares tumbled even lower after company admitted sales are continuing to fall.
Profits expected to halve.
Share price down 25 per cent in a day.
The vultures are circling (it has gone bust 7 times before).
The company blames two things:
- high-end buyers are holding off on luxury buys because of Brexit and US/China trade war
- a glut of unsold cars at dealers
The company is failing basically. Another posting of doom and gloom. A much more likely scenario is the the company will adopt its strategy to survive . Times are tough for all car manufacturers . "
This is all priced in. |
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By (user no longer on site) OP
over a year ago
|
"City press is scathing today of Aston Martin.
Shares tumbled even lower after company admitted sales are continuing to fall.
Profits expected to halve.
Share price down 25 per cent in a day.
The vultures are circling (it has gone bust 7 times before).
The company blames two things:
- high-end buyers are holding off on luxury buys because of Brexit and US/China trade war
- a glut of unsold cars at dealers
The company is failing basically."
It would be interesting to know on what evidence you base your assumption that the company is failing . Companies do not fail because of falling profits , they fail because of cash flow.
They still expect to sell 6500 vehicles per annum and profit margins are still at 8 %. Capital expenditure is down slightly to £300 million.
The company is hardly failing and profit drops are not unusual . By 2022 they expect to be producing 14000 vehicles per annum. |
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By (user no longer on site)
over a year ago
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" Companies do not fail because of falling profits , they fail because of cash flow.
"
Are the two not intrinsically linked once a certain criteria or level has been met? |
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" Companies do not fail because of falling profits , they fail because of cash flow.
Are the two not intrinsically linked once a certain criteria or level has been met? "
Yes, when there is repeated loss, month on month.
That said, many a business with a full order book (potential to make profit) has gone under due to cash flow. |
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By (user no longer on site)
over a year ago
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" Companies do not fail because of falling profits , they fail because of cash flow.
Are the two not intrinsically linked once a certain criteria or level has been met?
Yes, when there is repeated loss, month on month.
That said, many a business with a full order book (potential to make profit) has gone under due to cash flow."
True on both counts |
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