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

[Sandgrounder]

	Quote:	Loz1983
	Awkward. https://www.bbc.com/news/business-45756738

Why is it awkward? Unless you think Odile has a crystal ball and could have seen that in the future? She went with the story direction at the time.




EDIT: You trawled back over 100 pages back to MARCH to find that post?

[Urs Max]

	Quote:	Sandgrounder
	Why is it awkward? Unless you think Odile has a crystal ball and could have seen that in the future? She went with the story direction at the time. EDIT: You trawled back over 100 pages back to MARCH to find that post?

It must have hurt him somehow, seeing he had already rebutted Odile's post back then with essentially what the article says.

(for those wondering, Odile's was post #11517, page 577 or so with 20-post pages, page 288 with 40-post pages).

[StirB]

	Quote:	Loz1983
	Awkward. https://www.bbc.com/news/business-45756738

The Tl;dr of that article is that they still want to move the HQ to Netherlands (and are still intending to), but need to find a more shareholder palatable way of doing it. It's hardly a vote of confidence for UK industry post Brexit, just a win for red tape generated by it!

[Odile]

Now this is awkward:

Carlos Ghosn told the Paris Motor Show: 'We are preparing for the worst, but I do not want to tell you how we are preparing because you will say I am trying to scare people."

or as James O'Brien so rightly says:

'"It has essentially created an environment in which a massive employer decides it's not even worth talking in public any more because he knows that when he has finished explaining how Nissan is doing, the BBC and other media outlets will turn to some absolute sugarpuff like Jacob Rees-Mogg or Nadine Dorries and ask them to offer up the 'balanced' position.

"So you end up creating the environment in which the Chief Executive of Nissan won't even bother telling us what's going on at Nissan because he knows that he'll have some halfwit on the other side of the studio shouting 'Project Fear'.

"Wow. And still, this won't move the needle for anyone listening to this programme. That's the head of Nissan, but you know better, right?"

That is indeed very ackward- call it tragic if you wish.

Now for Unilever, there is a twist to that story for sure. The Unilever shareholders voted against the move and forced the Company to capitulate - not the outcome the company desired at all.

	Quote:	Urs Max
	It must have hurt him somehow, seeing he had already rebutted Odile's post back then with essentially what the article says. (for those wondering, Odile's was post #11517, page 577 or so with 20-post pages, page 288 with 40-post pages).

That’s kinda the point, this never had anything to do with Brexit in the first place and now it’s not even happening.

[fatmanfilms]

	Quote:	Odile
	Now for Unilever, there is a twist to that story for sure. The Unilever shareholders voted against the move and forced the Company to capitulate - not the outcome the company desired at all.

The company is owned by shareholders, the directors have to by UK law act in the best interest of the shareholders. Making a move that would cost pension funds & individuals share holders extra tax was a bad idea. Why whoever proposed this has not been sacked beats me.

[Odile]

Of course, and again, we all know that this is what it is all about- and I know for a fact as many I know are doing VERY well out of it so far:

'Many of the Brexit backers are very wealthy, angry that the EU seeks to regulate hedge funds and tax avoidance havens.

They will be little affected by a car crash Brexit; many have substantial investments overseas. Jacob Rees-Mogg’s company has virtually no investments in the UK, but more than £200 million invested in Russia!

They even have a significant financial interest in destabilising the stock market through Brexit. Many have made heavy bets – known as short positions – benefitting from fluctuating share prices in a downturn in the stock market. Talking up a no-deal Brexit is a financial, not a political, strategy for them. Manipulating the markets!

This happened from day one, apparently. The chair of the Commons treasury committee said exit poll data on the day of the referendum had been sold to hedge funds!

No wonder, then, that every time the UK and EU look to be moving towards a deal, the extreme Brexit supporters throw a spanner in the works, they want uncertainty so they can exploit a volatile stock market.

Yet pro-Brexit extremists are fragmenting as the British public increasingly become aware of the realities behind their desperate antics. UKIP is moving to the right, seeking to attract extremists. Jeremy Hockings, someone who has invested millions in two dozen Russian companies, wants to set up a Brexit party.

This chaotic situation is not what millions of people voted for in the referendum. They did not vote to be poorer, for rich speculators to distort and derail the process.

The British people need to take back control from these profiteers. We have to have a second vote!

A P Milroy

Trowbridge'

[fatmanfilms]

Investing in Russia is high risk & won't be bailed out it it goes wrong, what's not to like?

There is absolutely nothing wrong with shorting the market, it's very effective for flushing out wrong doing & fraud. It's not without risk as you could make an UNLIMITED loss whereas with stock purchases you loss is limited to the purchase price. Shorting also prevents bubbles, it's a shame the housing market can not effectively e shorted.

This article may be of interest.

https://www.markwgaffney.com/article...alue-investing

Edit, just looked at Somerset Capital Management 7.8 billion under management & you claim 200 million in Russia, that's small change.

	Quote:	Odile
	Of course, and again, we all know that this is what it is all about- and I know for a fact as many I know are doing VERY well out of it so far: 'Many of the Brexit backers are very wealthy, angry that the EU seeks to regulate hedge funds and tax avoidance havens. They will be little affected by a car crash Brexit; many have substantial investments overseas. Jacob Rees-Mogg’s company has virtually no investments in the UK, but more than £200 million invested in Russia! They even have a significant financial interest in destabilising the stock market through Brexit. Many have made heavy bets – known as short positions – benefitting from fluctuating share prices in a downturn in the stock market. Talking up a no-deal Brexit is a financial, not a political, strategy for them. Manipulating the markets! This happened from day one, apparently. The chair of the Commons treasury committee said exit poll data on the day of the referendum had been sold to hedge funds! No wonder, then, that every time the UK and EU look to be moving towards a deal, the extreme Brexit supporters throw a spanner in the works, they want uncertainty so they can exploit a volatile stock market. Yet pro-Brexit extremists are fragmenting as the British public increasingly become aware of the realities behind their desperate antics. UKIP is moving to the right, seeking to attract extremists. Jeremy Hockings, someone who has invested millions in two dozen Russian companies, wants to set up a Brexit party. This chaotic situation is not what millions of people voted for in the referendum. They did not vote to be poorer, for rich speculators to distort and derail the process. The British people need to take back control from these profiteers. We have to have a second vote! A P Milroy Trowbridge'

[Pachyderm]

	Quote:	StirB
	The Tl;dr of that article is that they still want to move the HQ to Netherlands (and are still intending to), but need to find a more shareholder palatable way of doing it. It's hardly a vote of confidence for UK industry post Brexit, just a win for red tape generated by it!

The idea of a move was nothing to do with Brexit, as Unilever keep emphasising.

[McTAVGE]

https://www.facebook.com/bbccomedy/v...284806778/?t=0

[Odile]

Worse thing McT- is that it is mainly not 'remoaners' who are applying for Paddy passport, but 'Brexiters' who actually voted for it

[Sandgrounder]

	Quote:	Odile
	Worse thing McT- is that it is mainly not 'remoaners' who are applying for Paddy passport, but 'Brexiters' who actually voted for it

Backdoor way of voting Ireland out of the EU?

[McTAVGE]

	Quote:	Sandgrounder
	Backdoor way of voting Ireland out of the EU?

You are such a strategist!

[Dougal's Breakfast]

	Quote:	Odile
	Worse thing McT- is that it is mainly not 'remoaners' who are applying for Paddy passport, but 'Brexiters' who actually voted for it

Are there any figures to support this? As I understood it, the referendum was a secret ballot.

[curley]

	Quote:	John William
	Oh I see it moved house to Permits/visas/government - although you would have thought you could have left a 'forwarding address' in Daily Life.

LOL. Guess the mods here know it is actually happening.

[Odile]

	Quote:	Dougal's Breakfast
	Are there any figures to support this? As I understood it, the referendum was a secret ballot.

I belong to a group of Remainers who live in France - and many have mentionned relatives who have done exactly this- and can't see what is hypocritical and wrong about it. I personally know 3 people who have voted for Brexit and who have recently got their Paddy passports. Anecdotal is all we can rely on in this case, as you well know.

[Dougal's Breakfast]

	Quote:	Odile
	I belong to a group of Remainers who live in France - and many have mentionned relatives who have done exactly this- and can't see what is hypocritical and wrong about it. I personally know 3 people who have voted for Brexit and who have recently got their Paddy passports. Anecdotal is all we can rely on in this case, as you well know.

It would have been helpful to have made this clear in your original post.

[curley]

	Quote:	Odile
	I belong to a group of Remainers who live in France - and many have mentionned relatives who have done exactly this- and can't see what is hypocritical and wrong about it. I personally know 3 people who have voted for Brexit and who have recently got their Paddy passports. Anecdotal is all we can rely on in this case, as you well know.

I find it totally hypocritical. It's this "I want the cake and eat it too" attitude and indicates, that a direct democracy like here would most likely not be a healthy thing for GB.

[Urs Max]

	Quote:
	That’s kinda the point, this never had anything to do with Brexit in the first place and now it’s not even happening.

Fair enough and confirmed by the horse itself.

But why dig up some 6-month old post when you could just as well have quoted the article where this is explicitly addressed instead? I mean, digging the post up must have been quite tedious, so why make the effort in the first place?

Side question:
The CEO is identified and male, does that leave "the horse itself" the correct wording or should it be "the horse himself" instead?

[Dougal's Breakfast]

	Quote:	curley
	I find it totally hypocritical. It's this "I want the cake and eat it too" attitude and indicates, that a direct democracy like here would most likely not be a healthy thing for GB.

People exercised their right to vote. People are exercising their right to apply for a passport.

I don't see a problem.