Go Back   English Forum Switzerland > Off-Topic > Off-Topic > International affairs/politics
View Poll Results: What would you personally prefer to happen?
I want the UK to stay in an ever-closer union 49 23.11%
I want the UK to stay in a loosely connected EU 68 32.08%
I want the UK out because the EU is bad for the UK 22 10.38%
I want the UK out because the EU is a bad thing 23 10.85%
I want the UK out because this would be good for the rest of us 17 8.02%
I don't really care 33 15.57%
Voters: 212. You may not vote on this poll

Reply
 
Thread Tools Display Modes
  #6141  
Old 27.10.2016, 20:54
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 13,779
Groaned at 209 Times in 181 Posts
Thanked 11,094 Times in 6,293 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

Quote:
View Post
Swiss company ABB reported their third quarter results today and claimed that orders from the UK were 56% down versus the same quarter in 2015. They said these companies tell them they are waiting to see how Brexit works out.

Of course such changes are good for the UK balance of payments.

Source
The Swiss currency is too high, Swiss companies will have to cut prices to stay competitive. hardly a big surprise to the reel world. The watch industry has been amazingly lucky so far.
Reply With Quote
  #6142  
Old 27.10.2016, 21:01
marton's Avatar
Forum Legend
 
Join Date: May 2008
Location: Zürich
Posts: 7,523
Groaned at 164 Times in 139 Posts
Thanked 8,550 Times in 4,685 Posts
marton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond repute
Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

Quote:
View Post
The Swiss currency is too high, Swiss companies will have to cut prices to stay competitive. hardly a big surprise to the reel world. The watch industry has been amazingly lucky so far.
Meanwhile in the real world
Swiss exports exceed level before franc’s shock rise
In the third quarter of 2016, Swiss exports reached CHF 52.5 billion, 8.1% higher than they were for the same period in 2015
The same quarter of 2014 exports reached CHF 51.7 billion, 1.5% lower than the third quarter of 2016.

Source

And also in the real world the watch industry is not lucky "The industry showing the most negative shift was watchmaking (-8%)."
Reply With Quote
The following 2 users would like to thank marton for this useful post:
  #6143  
Old 27.10.2016, 21:10
marton's Avatar
Forum Legend
 
Join Date: May 2008
Location: Zürich
Posts: 7,523
Groaned at 164 Times in 139 Posts
Thanked 8,550 Times in 4,685 Posts
marton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond repute
Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

Downing Street and Nissan have dismissed any suggestion of Government financial support to secure new investment in Sunderland.

Source

Confusing isn't it?

Meanwhile from Nissan's own press release "Carlos Ghosn, Chairman and CEO of Nissan; “The support and assurances of the U.K. government enabled us to decide that the next-generation Qashqai and X-Trail will be produced at Sunderland. I welcome British Prime Minister Theresa May’s commitment to the automotive industry in Britain
Reply With Quote
  #6144  
Old 27.10.2016, 23:45
Forum Veteran
 
Join Date: Jul 2007
Location: Vaud
Posts: 1,950
Groaned at 127 Times in 89 Posts
Thanked 3,510 Times in 1,339 Posts
Mikers has a reputation beyond reputeMikers has a reputation beyond reputeMikers has a reputation beyond reputeMikers has a reputation beyond reputeMikers has a reputation beyond reputeMikers has a reputation beyond repute
Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

Quote:
View Post
Downing Street and Nissan have dismissed any suggestion of Government financial support to secure new investment in Sunderland.

Source

Confusing isn't it?

Meanwhile from Nissan's own press release "Carlos Ghosn, Chairman and CEO of Nissan; “The support and assurances of the U.K. government enabled us to decide that the next-generation Qashqai and X-Trail will be produced at Sunderland. I welcome British Prime Minister Theresa May’s commitment to the automotive industry in Britain
I think I get it. Nissan are staying the U.K., regardless of the upcoming change in relationship with the EU.
Reply With Quote
This user would like to thank Mikers for this useful post:
  #6145  
Old 28.10.2016, 00:12
Jim2007's Avatar
Forum Veteran
 
Join Date: Jun 2006
Location: Kt. Bern
Posts: 2,094
Groaned at 34 Times in 32 Posts
Thanked 2,077 Times in 1,062 Posts
Jim2007 has a reputation beyond reputeJim2007 has a reputation beyond reputeJim2007 has a reputation beyond reputeJim2007 has a reputation beyond reputeJim2007 has a reputation beyond repute
Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

Quote:
View Post
I think I get it. Nissan are staying the U.K., regardless of the upcoming change in relationship with the EU.
It depends a lot on what the 'support' bit means. Take a look on the WTO site, members get very upset if support equals subsidies. And the UK will need to get it's deal approved if it wants to be in the club.
Reply With Quote
This user would like to thank Jim2007 for this useful post:
  #6146  
Old 28.10.2016, 00:21
Forum Legend
 
Join Date: Oct 2014
Location: Ostschweiz
Posts: 3,058
Groaned at 99 Times in 79 Posts
Thanked 3,801 Times in 1,962 Posts
Urs Max has a reputation beyond reputeUrs Max has a reputation beyond reputeUrs Max has a reputation beyond reputeUrs Max has a reputation beyond reputeUrs Max has a reputation beyond reputeUrs Max has a reputation beyond repute
Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

Quote:
View Post
So seems the UK economy performs just fine as a full part of the EU. Although I see the uncertainty over Brexit dropped the growth from 0.7% in the previous quarter.

Now once the UK actually leaves the EU lets see what happens.

Edit...quickly scanning the detail it all looks rather less rosy. Music, film and TV make up most of the increase while:

"Manufacturing dropped by 1% in the third quarter, while production fell 0.4% and agriculture slipped by 0.7%"
Indeed, service was the only growing sector. However, since Brexit has been postponed we may have to wait until next year to actually see its effect.

The main issue I see is:
UK government appears to have commited itself to reimburse any negative effects to one big international company. That clearly means every(!) international company will demand the same, and Mrs May will oblige. No exceptions, they'll all deposit their demands immediately.

The direct conclusion is that Internationals won't stay unless guaranteed to be reimbursed for any adverse impacts. This is a direct and completely obvious contradition to the notion that Brexit is a good thing for the economy, at least on the short to intermediate term. And somebody other than the multi-nationals will have to pay - yes that's you John Silver and Jane Smith, the people most likely to have voted for Brexit.
Reply With Quote
  #6147  
Old 28.10.2016, 00:37
Forum Legend
 
Join Date: Oct 2014
Location: Ostschweiz
Posts: 3,058
Groaned at 99 Times in 79 Posts
Thanked 3,801 Times in 1,962 Posts
Urs Max has a reputation beyond reputeUrs Max has a reputation beyond reputeUrs Max has a reputation beyond reputeUrs Max has a reputation beyond reputeUrs Max has a reputation beyond reputeUrs Max has a reputation beyond repute
Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

Quote:
View Post
The Swiss currency is too high, Swiss companies will have to cut prices to stay competitive. hardly a big surprise to the reel world. The watch industry has been amazingly lucky so far.
For Swatch 2013 was the best year so far in terms of half-year profits.

Swatch 1st half-year numbers 2013 vs 2016:
revenue -10%
EBIT -60% (Betriebsgewinn)
earnings -65%

Not sure how you define luck, FMF. But most people have a different definition.
Reply With Quote
The following 2 users would like to thank Urs Max for this useful post:
  #6148  
Old 28.10.2016, 00:53
Forum Legend
 
Join Date: Oct 2014
Location: Ostschweiz
Posts: 3,058
Groaned at 99 Times in 79 Posts
Thanked 3,801 Times in 1,962 Posts
Urs Max has a reputation beyond reputeUrs Max has a reputation beyond reputeUrs Max has a reputation beyond reputeUrs Max has a reputation beyond reputeUrs Max has a reputation beyond reputeUrs Max has a reputation beyond repute
Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

Quote:
Downing Street and Nissan have dismissed any suggestion of Government financial support to secure new investment in Sunderland.

Source

Confusing isn't it?
Read the fine print, that need not be a contradiction.

Support means direct action, by the government in this case, including some kind of payment under whatever title they may happen to choose.

The beeb article on Nissan however speaks of compensation, e.g. Nissan may be allowed to deduct additional tarrifs as some form of cost, which implies no action by government.
Reply With Quote
  #6149  
Old 28.10.2016, 01:15
marton's Avatar
Forum Legend
 
Join Date: May 2008
Location: Zürich
Posts: 7,523
Groaned at 164 Times in 139 Posts
Thanked 8,550 Times in 4,685 Posts
marton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond repute
Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

Quote:
View Post
Read the fine print, that need not be a contradiction.

Support means direct action, by the government in this case, including some kind of payment under whatever title they may happen to choose.

The beeb article on Nissan however speaks of compensation, e.g. Nissan may be allowed to deduct additional tarrifs as some form of cost, which implies no action by government.
"Nissan may be allowed to deduct additional tariffs as some form of cost" The would only be "allowed" if the Govt. allowed that; so it would be a Govt. action.

Would probably be against WTO rules anyway! If you look at the WTO example of action against subsidies for motor manufacturers I posted earlier one of the complaints was "forgone government revenue"!

Lately the UK Govt. seems to be supporting publicising provocative statements like this example plus last week May told the Council of Europe that the UK was already negotiating trade agreements with other countries.
Reply With Quote
  #6150  
Old 28.10.2016, 01:17
marton's Avatar
Forum Legend
 
Join Date: May 2008
Location: Zürich
Posts: 7,523
Groaned at 164 Times in 139 Posts
Thanked 8,550 Times in 4,685 Posts
marton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond repute
Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

If people do not like my posted opinions then I have no problem when people groan me.
I have never understood why I sometimes get groans when I post facts; some sort of extreme Ostrich syndrome
Reply With Quote
This user would like to thank marton for this useful post:
  #6151  
Old 28.10.2016, 01:38
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 13,779
Groaned at 209 Times in 181 Posts
Thanked 11,094 Times in 6,293 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

Quote:
View Post

And also in the real world the watch industry is not lucky "The industry showing the most negative shift was watchmaking (-8%)."
The CHF has strengthened by more than 8%, sales in Euros are up, as I said the watchmaking industry has been very lucky, they make an expensive product that nobody needs anymore, yet people still buy.
Reply With Quote
  #6152  
Old 28.10.2016, 02:25
Forum Legend
 
Join Date: Oct 2014
Location: Ostschweiz
Posts: 3,058
Groaned at 99 Times in 79 Posts
Thanked 3,801 Times in 1,962 Posts
Urs Max has a reputation beyond reputeUrs Max has a reputation beyond reputeUrs Max has a reputation beyond reputeUrs Max has a reputation beyond reputeUrs Max has a reputation beyond reputeUrs Max has a reputation beyond repute
Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

Quote:
View Post
"Nissan may be allowed to deduct additional tariffs as some form of cost" The would only be "allowed" if the Govt. allowed that; so it would be a Govt. action.

Would probably be against WTO rules anyway! If you look at the WTO example of action against subsidies for motor manufacturers I posted earlier one of the complaints was "forgone government revenue"!

Lately the UK Govt. seems to be supporting publicising provocative statements like this example plus last week May told the Council of Europe that the UK was already negotiating trade agreements with other countries.
Creating the law would be a parliamentary/governmental action, but not the deducting/compensating itself. While this may look like cutting hairs, it's about political usage of words so the difference may well be significant (IMO it is, keeping in mind I'm not English native).
Reply With Quote
This user would like to thank Urs Max for this useful post:
  #6153  
Old 28.10.2016, 09:25
baboon's Avatar
Forum Veteran
 
Join Date: Apr 2007
Location: Rheintal
Posts: 2,468
Groaned at 73 Times in 64 Posts
Thanked 2,942 Times in 1,468 Posts
baboon has a reputation beyond reputebaboon has a reputation beyond reputebaboon has a reputation beyond reputebaboon has a reputation beyond reputebaboon has a reputation beyond repute
Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

Quote:
View Post
If people do not like my posted opinions then I have no problem when people groan me.
I have never understood why I sometimes get groans when I post facts; some sort of extreme Ostrich syndrome
Sorry - if that was me it was an accident...meant to be thanks! Corrected! Blame thick fingers and the tablet.
Reply With Quote
This user would like to thank baboon for this useful post:
  #6154  
Old 28.10.2016, 11:32
marton's Avatar
Forum Legend
 
Join Date: May 2008
Location: Zürich
Posts: 7,523
Groaned at 164 Times in 139 Posts
Thanked 8,550 Times in 4,685 Posts
marton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond repute
Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

I always blame the second bottle of wine
Reply With Quote
  #6155  
Old 28.10.2016, 11:35
marton's Avatar
Forum Legend
 
Join Date: May 2008
Location: Zürich
Posts: 7,523
Groaned at 164 Times in 139 Posts
Thanked 8,550 Times in 4,685 Posts
marton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond repute
Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

Quote:
View Post
Creating the law would be a parliamentary/governmental action, but not the deducting/compensating itself. While this may look like cutting hairs, it's about political usage of words so the difference may well be significant (IMO it is, keeping in mind I'm not English native).
"The business secretary, Greg Clark, has insisted there was “no cheque book” involved in the assurance given to Nissan before the car giant agreed to keep investing in Britain.

Clark reportedly gave a “last-minute written promise” to Nissan to protect the company from the consequences of Brexit"

"David Mundell, the Scottish secretary, confused matters further on Thursday by declaring: “If we are leaving the EU, we are leaving the single market.”"

Source

Maybe they are secretly telling the companies that they will not really invoke Brexit
Reply With Quote
  #6156  
Old 28.10.2016, 13:19
amogles's Avatar
Forum Legend
 
Join Date: Mar 2008
Location: Zurich
Posts: 8,411
Groaned at 141 Times in 122 Posts
Thanked 14,611 Times in 6,217 Posts
amogles has a reputation beyond reputeamogles has a reputation beyond reputeamogles has a reputation beyond reputeamogles has a reputation beyond reputeamogles has a reputation beyond reputeamogles has a reputation beyond repute
Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

Quote:
View Post
If people do not like my posted opinions then I have no problem when people groan me.
I have never understood why I sometimes get groans when I post facts; some sort of extreme Ostrich syndrome
Happens to me a lot too.

I can say pretty controversial or trollish things and nobody bats an eyelid, but I can state an objective and pretty much undsiputed fact and get heaps of groans,

People are strange.
Reply With Quote
The following 2 users would like to thank amogles for this useful post:
  #6157  
Old 28.10.2016, 13:22
amogles's Avatar
Forum Legend
 
Join Date: Mar 2008
Location: Zurich
Posts: 8,411
Groaned at 141 Times in 122 Posts
Thanked 14,611 Times in 6,217 Posts
amogles has a reputation beyond reputeamogles has a reputation beyond reputeamogles has a reputation beyond reputeamogles has a reputation beyond reputeamogles has a reputation beyond reputeamogles has a reputation beyond repute
Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

Quote:
View Post
The CHF has strengthened by more than 8%, sales in Euros are up, as I said the watchmaking industry has been very lucky, they make an expensive product that nobody needs anymore, yet people still buy.
But for how much longer?

When today's youngsters reach the age that they can afford to throw cash at lavish status symbols, will they be buying watches?
Reply With Quote
  #6158  
Old 28.10.2016, 13:24
amogles's Avatar
Forum Legend
 
Join Date: Mar 2008
Location: Zurich
Posts: 8,411
Groaned at 141 Times in 122 Posts
Thanked 14,611 Times in 6,217 Posts
amogles has a reputation beyond reputeamogles has a reputation beyond reputeamogles has a reputation beyond reputeamogles has a reputation beyond reputeamogles has a reputation beyond reputeamogles has a reputation beyond repute
Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

Quote:
View Post
It depends a lot on what the 'support' bit means. Take a look on the WTO site, members get very upset if support equals subsidies. And the UK will need to get it's deal approved if it wants to be in the club.
support can equal many things, including just helping identify an appropriate site and guiding them through the red tape. Governments do that all the time with big investors.
Reply With Quote
  #6159  
Old 28.10.2016, 13:41
Jim2007's Avatar
Forum Veteran
 
Join Date: Jun 2006
Location: Kt. Bern
Posts: 2,094
Groaned at 34 Times in 32 Posts
Thanked 2,077 Times in 1,062 Posts
Jim2007 has a reputation beyond reputeJim2007 has a reputation beyond reputeJim2007 has a reputation beyond reputeJim2007 has a reputation beyond reputeJim2007 has a reputation beyond repute
Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

Quote:
View Post
support can equal many things, including just helping identify an appropriate site and guiding them through the red tape. Governments do that all the time with big investors.
That's what I said, it depends on what support means.....
Reply With Quote
  #6160  
Old 28.10.2016, 13:53
marton's Avatar
Forum Legend
 
Join Date: May 2008
Location: Zürich
Posts: 7,523
Groaned at 164 Times in 139 Posts
Thanked 8,550 Times in 4,685 Posts
marton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond repute
Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

Quote:
View Post
That's what I said, it depends on what support means.....
For a big business like Nissan support can only mean some sort of financial contribution to the bottom line, everything else is just blah blah.

Whichever way this support is pitched whether as subsidy or tax forgiveness or special conditions it will only interest Nissan if it ensures post Brexit that the company profits are not negatively impacted.
Reply With Quote
Reply




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Latest Referendum, what will be consequences for EU (C permit and B permit) holders? expat2014 Permits/visas/government 3 11.02.2014 08:59
Importing vehicles and the VAT consequences in Switzerland from France BEFO Finance/banking/taxation 6 07.08.2013 15:11
The (Available in CH) Dog Food Review Thread meloncollie Pet corner 44 08.05.2012 20:15
Common-law marriage and consequences in CH Mishto Family matters/health 9 01.10.2011 22:03
Something for the Brits: M&S in CH mark Daily life 11 15.11.2007 12:18


All times are GMT +2. The time now is 16:47.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2016, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0