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Old 25.03.2017, 15:07
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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Right, because being ranked 15th or there about, with not much separating it from them is confidence inspiring....

And there is no need for huge write downs either because the way capital allowances works in the U.K. means that maximum write offs are up front and in the early years.

In any case the critical issue is where invest goes in the coming years and the deal with the EU will be a critical factor for companies targeting the European market.
You should know better....... An Extraordinary or Exceptional loss will be booked on closing down a factory, probably some contingent liabilities & possibly writing off some goodwill as well, just depends on how creative the accountants have been over the last 25 years, which is not difficult under GAAP.
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