The Brexit referendum thread: potential consequences for GB, EU and the Brits in CH

[John William]

	Quote:
	Wetherspoons entrepreneurial genius dropped his pint price by 20p BEFORE Brexit in a massive self-own, and Dyson entrepreneurial genius moved his operations to Singapore. Are there any other examples of entrepreneurs on the Leave side.

Here's the full list of notable British business leaders who still back Brexit from a newspaper article in
The Guardian back in September 2018 which is a palty figure of only 6 business men and women
your likely to have heard of.

The Guardian - Who are the British business leaders still backing Brexit ?

[marton]

Europe's carmaking industry has warned of "catastrophic consequences" should Britain crash out of the European Union without a deal to protect trade. Billions could be added to costs, putting millions of jobs at risk.
The united call from 23 industry associations across Europe is new. Together, the auto industry says it accounts for about 6% of EU employment, or nearly 14 million jobs.

If Johnson follows through on his threat to leave the European Union without a deal, he would be ending tariff-free trade with a market that takes 57% of British car exports. That would snarl the supply chains that carmakers depend on, disrupt production and erode profit margins that are already razor thin.

Source

I am sure Boris would go down in history as the man who destroyed the UK economy if he follows through with no deal.
What other large industria nations could replace the EU?
US Congress has already said they will not approve a UK trade deal if Boris destroys the Good Friday Agreement.
Japan has already said they want a much better deal than they have with the EU.
China and India are low cost producers so would not be an export market for UK, UK needs to have local production in those countries and since most auto manufacturers are not UK owned such local production would not benefit the UK.

[marton]

People blaming Brexit as the final straw that bankrupt Thomas Cook

	Quote:
	Richard Branson, founder of the Virgin Group, said in a blog post that the steep drop in the value of the pound following the 2016 Brexit referendum had piled the pressure on the heavily indebted and "struggling" Thomas Cook. "All of the travel industry costs are in dollars — for example fuel maintenance and airplane leasing. With the weaker pound, the cost of everything has skyrocketed. For Thomas Cook, this has proved terminal," Branson said, adding that he was "saddened" to see the end of "the pioneer of organized travel." The roughly 20% fall in the pound's value also meant less spending power for UK travelers abroad. That led them to demand better deals, independent aviation analyst Chris Tarry. This hurt margins at Thomas Cook, which sold flights on its own airline, along with hotel rooms, from brick-and-mortar stores.

Wonder how many of the 150,000 stranded Brits voted Leave.

[Blueangel]

	Quote:	marton
	People blaming Brexit as the final straw that bankrupt Thomas Cook

It goes even further than that for some. From Tom Watson, Deputy Leader of the Labour Party and shadow Culture Secretary, for the time being at least, until Momentum get him sidelined.

"This is dreadful for 9,000 staff, and 150k Brits abroad. Why did RBS turn its back on a £200m bail-out, leaving taxpayers a £600m repatriation/compensation bill? And why didn't Govt intervene?
If only we had a Parliament to hold ministers to account..."
https://twitter.com/tom_watson/statu...7Ctwgr%5Etweet

	Quote:	marton
	People blaming Brexit as the final straw that bankrupt Thomas Cook Wonder how many of the 150,000 stranded Brits voted Leave.

52% of them probably

[Jim2007]

	Quote:	marton
	People blaming Brexit as the final straw that bankrupt Thomas Cook Wonder how many of the 150,000 stranded Brits voted Leave.

Well sort of... but that the fact is that if you are doing a large part of your business in a foreign currency it should have been hedged. So the impact in 2016 - 2017 should have been more or less neutral and in anticipation of 2018 - 2019 management should have been able to react... so they are not exactly blameless in it.

[bigblue2]

	Quote:	Blueangel
	It goes even further than that for some. From Tom Watson, Deputy Leader of the Labour Party and shadow Culture Secretary, for the time being at least, until Momentum get him sidelined. "This is dreadful for 9,000 staff, and 150k Brits abroad. Why did RBS turn its back on a £200m bail-out, leaving taxpayers a £600m repatriation/compensation bill? And why didn't Govt intervene? If only we had a Parliament to hold ministers to account..." https://twitter.com/tom_watson/statu...7Ctwgr%5Etweet

these people live in cuckoo land, since when was it down to the government to bail out a travel agent?? the writing has been on the wall for thomas cook for years, way too many high street shops with way too high overheads, inept directors who pay dividends and bounus's while the company are making huge losses. And what would have happened of they where given a blank cheque? would they pay off their debts and streamline the company, would they bollocks, it would be big fat bonus's all round and then the same again this time next year.

If the government really want to sort out the mess on the high street then would get rid of business rates, get rid of red tape, stop local councils charging a fortune for parking in town while allowing more development of out of town retail parks with free parking. but of course they won't as short term cash is king and these people are idiots.

All high st chain shops are dead, unless you're a coffee shop, forget it.

so in short, nothing to do with brexit and more to do with incompetent management.

[Blueangel]

	Quote:	bigblue2
	these people live in cuckoo land, since when was it down to the government to bail out a travel agent??

As I said, "some people". It's not a view I personally hold because the writing was on the wall for years with TC. There are also people pointing out the irony that RBS were bailed out themselves. There are always going to be questions asked when the taxpayer gets stuck with a huge bill rather than the shareholders, because a business fails.

[Mikers]

Parliament prorogue unlawful!!!

UK suspension of parliament declared unlawful, unanimous decision.

[Blueangel]

Wow! That verdict was hardcore.

	Quote:	Blueangel
	Wow! That verdict was hardcore.

So was lying to the queen and trying to subvert the parliamentary process to force through historical change without proper debate.

[Mikers]

	Quote:
	So was lying to the queen and trying to subvert the parliamentary process to force through historical change without proper debate.

now we'll find out how cowboy he really is. under normal circumstances he would walk, but I doubt it.

Great news!

Bye-Bye Boris..

[Blueangel]

	Quote:
	So was lying to the queen and trying to subvert the parliamentary process to force through historical change without proper debate.

Just got off the phone from my brother (retired barrister). Called him because I couldn't believe how damning the verdict was. He said it's a very damning verdict. It is saying clearly that the PM lied to the Queen making his position completely untenable, and he has to go. No ifs or buts.

[John William]

T-Minus 38 days and counting and there's already trouble in the Government engine room as
Boris loses control of the Brexit agenda.

Bye bye Dominic Cummings, resign Boris, resign !!

[Urs Max]

	Quote:
	52% of them probably

Highly unlikely.

More like 37%, given 72% turnout.

[NotAllThere]

Some good news. Popcorn shares are up!

[Reb77Br]

"Should we keep a hold of Boris for fear of getting someone woris?" Prime Minister Raab? Prime Minister Patel? Prime Minister Farage?

Slithey Gove might not be worse, but ...

	Quote:	NotAllThere
	Some good news. Popcorn shares are up!

Popcorn? I need a large gin

What a fantastic day!