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

Chuka has read the near future and May's plans very well:

https://www.facebook.com/ChukaUmunna...0987024589874/

all the gamblers on the internet are ready to play with Sterling and fill their pockets- most from safe havens ...

[Urs Max]

	Quote:	amogles
	I don't know what the idealised glory of the old empire has to with it because honestly, the last generation that held the empire dear is long dead. There are other European countries who have a far more acute problem with the glorification of negative periods of their history.

Age and having lived old (or even ancient) times is no requirement for idolising them.

[Urs Max]

	Quote:
	all the gamblers on the internet are ready to play with Sterling and fill their pockets- most from safe havens ...

You write as if there was no risk involved. Sorry Odile but that's nonsense.

If there was no risk and the outcome certain, everbody and their housemaid would jump aboard the train, thereby immediately cause the reaction you seem to be sure will happen.

There are no riskless plays. Perhaps some pay better than implied risk computes to but that's a completely different thing.

[fatmanfilms]

	Quote:
	Chuka has read the near future and May's plans very well: https://www.facebook.com/ChukaUmunna...0987024589874/ all the gamblers on the internet are ready to play with Sterling and fill their pockets- most from safe havens ...

If it's a cert it's priced in, if it does not happen markets will surge, nobody knows it's NEVER a one way bet. Even then the markets have no idea as they collapsed after the result of the referendum then almost instantly rallied to new highs as they realised business's will be more profitable. Markets are still higher today than before the vote......

The vulture stock gamblers are salivating:

https://www.lbc.co.uk/radio/presente...o-deal-brexit/

At least he is honest enough to say that 'morally, it's not good'

[fatmanfilms]

	Quote:
	The vulture stock gamblers are salivating: https://www.lbc.co.uk/radio/presente...o-deal-brexit/ At least he is honest enough to say that 'morally, it's not good'

This time last year Bitcoin was a one way bet, this year no deal is a one way bet It's amazing the the general public never learn.

	Quote:	fatmanfilms
	This time last year Bitcoin was a one way bet, this year no deal is a one way bet It's amazing the the general public never learn.

Bitcoin is definitely still a one-way bet!

[John William]

	Quote:
	Chuka has read the near future and May's plans very well: https://www.facebook.com/ChukaUmunna...0987024589874/ all the gamblers on the internet are ready to play with Sterling and fill their pockets- most from safe havens ...

[marton]

Jaguar Land Rover is cutting hundreds of jobs at its Solihull plant and giving hundreds more workers at its engine factory in Wolverhampton an early break for Christmas as it shifts production abroad and battles a slump in demand.

Around 200 jobs at the carmaker’s Solihull site are reported to be on the block, on top of 1,000 contract jobs that have already been axed, as production of its Discovery model is shifted to Slovakia

Source

If you are a UK manufacturer whose major export market is the EU then you have to be nuts if you do not move production post Brexit to the EU!

[k_and_e]

	Quote:	marton
	Jaguar Land Rover is cutting hundreds of jobs at its Solihull plant and giving hundreds more workers at its engine factory in Wolverhampton an early break for Christmas as it shifts production abroad and battles a slump in demand. Around 200 jobs at the carmaker’s Solihull site are reported to be on the block, on top of 1,000 contract jobs that have already been axed, as production of its Discovery model is shifted to Slovakia Source If you are a UK manufacturer whose major export market is the EU then you have to be nuts if you do not move production post Brexit to the EU!

I don't think this has to do with the Brexit. The GBP is low and general car sales are good. They are probably just producing the wrong cars for the current market.

[Urs Max]

	Quote:	k_and_e
	I don't think this has to do with the Brexit. The GBP is low and general car sales are good. They are probably just producing the wrong cars for the current market.

Wouldn't they reduce production rather than move it if that was the case?

[Jim2007]

	Quote:	k_and_e
	I don't think this has to do with the Brexit. The GBP is low and general car sales are good. They are probably just producing the wrong cars for the current market.

Well the motor industry is cyclical so that could partly account for a slump, but BREXIT definitely has an impact. People don’t like to spend unnecessarily in times of uncertainty, so changing the car gets posted ‘until we see how thing turnout’. New drivers buy a second hand car for the time being and so on.

You can expect this outcome in the case of most non essential goods. People will postpone purchasing decisions in case they need the money for an emergency such as a job loss and so on.

[Jim2007]

	Quote:	Urs Max
	Wouldn't they reduce production rather than move it if that was the case?

Well unlike the BREXITEERS, business people are fairly hard nosed about the future. The fact is that the purchasing power has already been hit and if BREXIT does occur then we cannot expect a turn around in anything less than 8 to 10 years and that is ignoring a pending recession. Businesses will not be willing to run facilities that are loosing money over that kind of period, so changes will come.

	Quote:	k_and_e
	I don't think this has to do with the Brexit. The GBP is low and general car sales are good. They are probably just producing the wrong cars for the current market.

Maybe mostly to do with Brexit but also because industry leaders seem to be getting twitchy that the current government can't seem to find its arse with both hands when it comes to negotiating even the basics.

[bigblue2]

	Quote:	marton
	Jaguar Land Rover is cutting hundreds of jobs at its Solihull plant and giving hundreds more workers at its engine factory in Wolverhampton an early break for Christmas as it shifts production abroad and battles a slump in demand. Around 200 jobs at the carmaker’s Solihull site are reported to be on the block, on top of 1,000 contract jobs that have already been axed, as production of its Discovery model is shifted to Slovakia Source If you are a UK manufacturer whose major export market is the EU then you have to be nuts if you do not move production post Brexit to the EU!

I wouldn't read too much into that Tata was given huge grants to buy JLR (ie they got it free) but had to guarantee they would keep the factories open and running in the uk for X years, guess what

[fatmanfilms]

	Quote:	bigblue2
	I wouldn't read too much into that Tata was given huge grants to buy JLR (ie they got it free) but had to guarantee they would keep the factories open and running in the uk for X years, guess what

Remember BMW sold Rover group for £1 some years before.

[bigblue2]

	Quote:	fatmanfilms
	Remember BMW sold Rover group for £1 some years before.

with a 1 billion grant to the phoenix four, who sold everything and kept most of the cash for themselves. But kept the company just long enough to absolve bmw of their liabilities. History repeating itself.

[amogles]

	Quote:	bigblue2
	with a 1 billion grant to the phoenix four, who sold everything and kept most of the cash for themselves. But kept the company just long enough to absolve bmw of their liabilities. History repeating itself.

It's not as if nobody predicted that it might end like this.

[marton]

Brexit deal latest news: Donald Tusk warns it's 'no deal or no Brexit' if MPs reject May's agreement.

Source

The EU really has no other choice, when we consider the process the EU has to go through to get agreement to the deal from everyone who has a say in the matter then the timescale is already tight.

But Corbyn still believes he could get a better deal - and still believes he can win a GE how deluded can anyone be. As for this forthcoming 'debate' what is the ****** point? 2 sides of the very same sheet- and neither with an conviction or credibility.