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

[fatmanfilms]

	Quote:	Jim2007
	And what you definitely did not notice is that exports have not gone up as a result of the low exchange rate. Instead of growing their business, UK companies have upped their prices and pocketed the gains. So the first benefit of BREXIT goes to the 1%.... Well the worst impact will most likely be on Ireland, but even then the UK only accounts for about 14% of exports and that is mainly in the agriculture sector. This has been well recognised and the Irish government has been pushing to find new export markets, for example: Ireland making headway on China beef deal Ireland set to significantly increase US beef exports Egypt re-opens to Irish beef exports for the first time since the 1990s Interesting how EU membership have not stopped Ireland from going after these opportunities with non EU states.... Of course the other side is that relying on large imports of Irish foodstuffs just got a whole lot more expensive for the average UK shopper. And having to impose WTO import tariffs on top of that is there is a no deal outcome...

Your an accountant, why on earth would you cut your due to higher profits? Stocks are owned by way more than 1% which I am sure you know.

[fatmanfilms]

	Quote:	Blueangel
	Ooo! Is this like Top Trumps? I take your Leave Dyson and trump it with Remain Stephen Hawking.

Stephen Hawking does not run a business selling goods world wide, so hardly a trump.

[Blueangel]

	Quote:	fatmanfilms
	Stephen Hawking does not run a business selling goods world wide, so hardly a trump.

But your criteria was intellect not business acumen.

[amogles]

	Quote:
	Increasing company profits do not benefit the average person.

pedant speaking here

Increased profits do not benefit the median income (*).

Increased profits do benefit the average income.

Small but important difference.

(*) = that is, until you can get more than 50% of the working popuilation into owning shares, which arguably, through pensions schemes and things, they already do.

[marton]

	Quote:	fatmanfilms
	It will, why do you think James Dyson was so anti EU, a British company having to pay EU tariffs on their manufacturing. Tariffs are nothing new & paid inspite of the EU. Currency fall has caused huge cost savings, FTSE has been booming as a result of BREXIT, company profits are & will be higher, that is a boom

Dyson manufactures in Johor, Malaysia and Tuas, Singapore so he could care less about tariffs between UK and EU, he has not manufactured in UK since 2002

Ah the lovely Dyson, who believes so much in his beloved country that he made 100s redundant as he tood production to Malaysia- I see (ooops psts crossed Marton )

	Quote:	amogles
	pedant speaking here Increased profits do not benefit the median income (*). Increased profits do benefit the average income. Small but important difference.

...hence my reference to the average person not the average income.

Median income would be relevant to the average person.

	Quote:	fatmanfilms
	It will, why do you think James Dyson was so anti EU, a British company having to pay EU tariffs on their manufacturing. Tariffs are nothing new & paid inspite of the EU.

Well even apart from Martin's very valid point about where Dyson do their manufacturing, why should Dyson (almost a lone voice in business circles) be right and the vast majority wrong?

[amogles]

	Quote:
	...hence my reference to the average person not the average income.

don't you mean the median person?

[Urs Max]

	Quote:	fatmanfilms
	It will, why do you think James Dyson was so anti EU, a British company having to pay EU tariffs on their manufacturing. Tariffs are nothing new & paid inspite of the EU. Currency fall has caused huge cost savings, FTSE has been booming as a result of BREXIT, company profits are & will be higher, that is a boom

Which UK stocks are booming, exactly?

Gains since the Brexit vote:
+37% for the DAX (Germany)
+31% for the CAC-40 (France)
+30% for the Dow Industrial (USA)
+21% for the SP 500 (USA)
+15% for the SMI (Switzerland)
+13% for the FTSE-100 (UK)

[amogles]

	Quote:	Urs Max
	Which UK stocks are booming, exactly? Gains since the Brexit vote: +37% for the DAX (Germany) +31% for the CAC-40 (France) +30% for the Dow Industrial (USA) +21% for the SP 500 (USA) +15% for the SMI (Switzerland) +13% for the FTSE-100 (UK)

So in other words, the Germans are profiting from Brexit?

[MusicChick]

	Quote:
	"Thinking for oneself" is fabulous if you are given reasonable access to true and balanced information.

Politicians aren't educating their voters, to expect it is futile. Those who just wait to be "given reasonable access to true and balanced information" get always disappointed.

[marton]

	Quote:	amogles
	So in other words, the Germans are profiting from Brexit?

Good that someone is

	Quote:	MusicChick
	Politicians aren't educating their voters.

I didn't say they were I said "You as an educator should understand". But never mind...

	Quote:	MusicChick
	Those who just wait to be "given reasonable access to true and balanced information" get always disappointed.

Seems to work ok in Switzerland. Have you ever looked into a voting pack here?

Probably a bit dry and factual if you are into all the crazy bus-hype and hyperbole but, hey, then at least the government can turn round and say in all honesty - "at least you were warned!"

[Urs Max]

	Quote:	amogles
	So in other words, the Germans are profiting from Brexit?

Are you of the opinion that the German stock market is exclusively driven by Brexit?

[fatmanfilms]

	Quote:
	Ah the lovely Dyson, who believes so much in his beloved country that he made 100s redundant as he tood production to Malaysia- I see (ooops psts crossed Marton )

Business's exist as their their shareholders wish to make a maximum profit, It's a legal requirement that directors act in the shareholders best interest. A company does not exist t,o employ people this fine point is overlooked by many including yourself. An Ideal company to invest in would have close to zero employees............

Edit
Having said that, unemployment is significantly lower in the UK than the EY on average, so the EU is not the golden apple people are making out.

[fatmanfilms]

	Quote:	marton
	Good that someone is

I have done OK out of it, as would anyone who invest in www.fundsmith.co.uk Interestingly the compound growth since inception is still higher in Euro than in GBP, so over 7 years the £ is still a clear winner despite BREXIT vote.

	Quote:	Blueangel
	But your criteria was intellect not business acumen.

Not as far as I can see, I re read what I wrote, perhaps you could explain further.

	Quote:	fatmanfilms
	A company does not exist t,o employ people this fine point is overlooked by many including yourself. An Ideal company to invest in would have close to zero employees............

your wish may soon come true - in the NHS, education (you know- the State one, not 'Public', Police, Fire - hurrah.

I know many business owners who do feel a responsibility for their employees and their family, as well as their own pocket and that of share-holders. There is no contradiction there.

[fatmanfilms]

	Quote:
	your wish may soon come true - in the NHS, education (you know- the State one, not 'Public', Police, Fire - hurrah. I know many business owners who do feel a responsibility for their employees and their family, as well as their own pocket and that of share-holders. There is no contradiction there.

Are these 'business' owners major employers or mama & papa business's? If they are the later they won't make much difference.......

[marton]

	Quote:	fatmanfilms
	I have done OK out of it, as would anyone who invest in www.fundsmith.co.uk Interestingly the compound growth since inception is still higher in Euro than in GBP, so over 7 years the £ is still a clear winner despite BREXIT vote. Not as far as I can see, I re read what I wrote, perhaps you could explain further.

Fundsmith does perform well, probably because less than 20% of the fund is invested in UK companies