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Brexit

Started by rcjordan, June 14, 2016, 11:08:57 PM

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JasonD

> Some British manufacturers saying {snip} that their business is doing better than before

If the British business is an export based and the product can be sourced from multiple countries then they should be doing better. The Pound has crashed yet the markets available to buy from us are still the same as before... At the moment, we are still within the EU

So if you were a German company buying 10,000 widgets and had suppliers in Europe (using the EUR) and Britain (using the GBP), suddenly the British seller would be much cheaper than before. For me, that's not a long term thing and can only be short lived, as when we leave that same market won't be available or the GBP will have risen.

nffc

>Some British manufacturers saying that all the hype was overblown and that their business is doing better than before

If they are exporting then sure they will, £ is very very low.

Rupert

Most countries dream of a weaker currency.
... Make sure you live before you die.

rcjordan

UK Labour leadership candidate says will block Brexit talks if no second vote

http://in.reuters.com/article/britain-eu-labour-idINKCN10Z0NM

littleman

We saw this coming.

Brad

Didn't Holland reject some EU treaty once and they made them revote on it repeatedly until people changed their minds? Or was that Denmark?

bill

That was the Lisbon Treaty. I recall that they made Ireland vote on it several times until it passed. They were the last hold-out I think. The same "reconsideration" vote happened elsewhere too IIRC.

Rooftop

Lost my second good client due to post Brexit collapse of GBP.   Sucks.

littleman

Ouch, sorry Rupert.  Any chance of tapping into the US market now that you have a competitive advantage?

rcjordan

update:

file this under I-told-you-so

Hammond Forecast in Line With Osborne's 'Brazen' Brexit Warnings

QuoteOsborne warned in June that there would have to be spending cuts and tax rises to deal with the shortfall.

http://www.bloomberg.com/news/articles/2016-11-23/hammond-forecast-in-line-with-osborne-s-brazen-brexit-warnings

Mackin USA

"Europe Will Devalue Or Dissolve..."

Brexit: Check. Trump: Check. Marine Le Pen: ?

"I think that the elites have lived too long among themselves. We are in a world where globalization, which is an ideology, has forgotten, and put aside the people, the people's interests, aspirations, and dreams," National Front party leader and French presidential candidate Marine Le Pen told CNBC following Trump's election victory.

http://www.zerohedge.com/news/2016-11-29/europe-will-devalue-or-dissolve

Mr. Mackin

rcjordan

"Remember when we cried as children & our parents said "we'll give you something to cry about"? – We thought we were getting a smack – instead, instead they destroyed the housing market, quadrupled uni fees, melted the ice caps & voted Brexit."

http://www.thepoke.co.uk/2017/05/02/sign-outside-bristol-pub-pretty-nose/

Mackin USA

Now that's just funny right there
Mr. Mackin

rcjordan

> that's just funny

..in a sorta sad & truthful way, hhh.

littleman

>..in a sorta sad & truthful way, hhh.

Yeah.  So many slow train wrecks coming.