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On October 27 2016 22:09 iPlaY.NettleS wrote: Name a country with a car industry where the government doesn't support the car industry. It's easy to argue the government supports the financial sector as well considering they spent hundreds of billions of pounds bailing them out during the GFC.This is peanuts in comparison. Sunderland plant production up 6.6% in a year, 3Q GDP 0.5% actual where experts had predicted 0.6% in the event of a remain vote.Project fear? Hyperbole.
Quoting the FT...
'Mr Ghosn said he welcomed “Theresa May’s commitment to the automotive industry in Britain and to the development of an overall industrial strategy. The support and assurances of the UK government enabled us to decide that the next generation Qashqai and X-Trail will be produced at Sunderland.”
Access to the European market is key to the future of the Nissan site: more than 80 per cent of its cars are exported.'
Ghosn's a super smart guy who needs business as usual, and has shareholders and a board to report to, so when you add those factors, clearly he knows something we don't - either May's told him she won't hard Brexit and he can continue selling into the EU, or she's had a subsidies handshake with him.
The latter looks cool on headlines but is fully unsustainable, a bit like a two-base allin. If you're saying 'Project Fear was wrong ! We can pile up on debt and continue lifting money-losing sector of the economies !', I've got a bridge in Russia to sell you, comrade. This also doesn't prove it was a good decision to get out, or that subsidised sectors have a positive expected rate of return, as we could also choose to subsidise massive solar panel farms in Newcastle, ice-selling projects to the Eskimos, etc.
Cool, special tax break for the japanese company Nissan; forgetting of course that 40% of it is owned by Renault (France) lol.. A nuclear power station owned by EDF (France) and China.. Great UK investments keep rolling in, things clearly looking up.
On October 28 2016 06:43 MyTHicaL wrote: Cool, special tax break for the japanese company Nissan; forgetting of course that 40% of it is owned by Renault (France) lol.. A nuclear power station owned by EDF (France) and China.. Great UK investments keep rolling in, things clearly looking up.
Correct, through cross-state stakes, Brexiters are actually cheering for a direct fiscal transfer from the UK to France.
I thought these things were the reason they wanted to exit in the first place :p
What...? FDI is so valuable precisely because it comes from outside the UK. It's a straight net gain, as opposed to British companies investing money which is already likely to end up back in the economy, one way or another. But British companies are investing too... didn't we just have a nice fruitful discussion about GSK?
Hinkley Point has nothing to do with Brexit. On the contrary, I expect the majority of opposition to it comes from Brexit supporters.
Takes the most extreme Remainiac to try and portray big announcements of FDI as negative.
On October 28 2016 18:07 bardtown wrote: What...? FDI is so valuable precisely because it comes from outside the UK. It's a straight net gain, as opposed to British companies investing money which is already likely to end up back in the economy, one way or another. But British companies are investing too... didn't we just have a nice fruitful discussion about GSK?
Hinkley Point has nothing to do with Brexit. On the contrary, I expect the majority of opposition to it comes from Brexit supporters.
Takes the most extreme Remainiac to try and portray big announcements of FDI as negative.
I'm not arguing Hickley Point one way or another, just that the approach on Nissan that says 'we're giving you a free option on potential European export tariffs' doesn't scale to the full export sector, for the same basic math we've been discussing. It's a temporary thing, a bit of a spin for angsty Brexiters eager to reassure themselves it will all be alright, and actually opening Pandora's box, as it might prompt many more companies to threaten and pack, unless they get just the same assurances from the government. Again if you do the math, that's an extra two digit hole in the budget.
Subsidies are a short-term band-aid. Like rate-cutting, they are akin to using a Terran mule. You don't cheer for that when you've just lost 10% of your workers.
Objectively May seems to be an economic novice and is largely repeating Tsipras' mistakes in the wake of the Grexit debacle. She stands very little chance in a tough negotiation with the Merkel / Schauble duo, who've been around that block quite a few times.
Think Merkel = TY and May = Drogo, roughly.
I don't know mate. We've established that my 'questionable' economic ideas are found almost word-for-word in the Bank of England's reports, and I'll quote you Martin Weale some more if you wish. I enjoy a respectful, tongue-in-cheek and reasonable conversation, but we can cherry pick single examples such as GSK, or we can look at broad aggregates such as the FTSE 250 which paint a much more accurate picture of the situation. And sadly as I do wish to see the UK do well, it's not a pretty one.
On October 28 2016 18:07 bardtown wrote: Hinkley Point has nothing to do with Brexit. On the contrary, I expect the majority of opposition to it comes from Brexit supporters.
You're going to need to justify this claim, much of the opposition to Hinkley Point came from those with environmental concerns who were much more heavily in favour of Remain.
Yeah well it wasn't exactly a decision in the right direction towards decarbonising by whichever makeshift year they've come up with... I would say that the group of Brexit supporters who wish for fdi remains a minority, I'm certain that "take back our borders" did not imply: "Bring in large amounts of foreign investment". Great I'm now on the side of the infamous warcriminal Tony Blair.. Second time this has happened, it feels weirder than being on the same political side as Cameron. I'm sure his support will have, in reality, an indirect negative effect.
On October 27 2016 22:09 iPlaY.NettleS wrote: Name a country with a car industry where the government doesn't support the car industry. It's easy to argue the government supports the financial sector as well considering they spent hundreds of billions of pounds bailing them out during the GFC.This is peanuts in comparison. Sunderland plant production up 6.6% in a year, 3Q GDP 0.5% actual where experts had predicted 0.6% in the event of a remain vote.Project fear? Hyperbole.
Quoting the FT...
'Mr Ghosn said he welcomed “Theresa May’s commitment to the automotive industry in Britain and to the development of an overall industrial strategy. The support and assurances of the UK government enabled us to decide that the next generation Qashqai and X-Trail will be produced at Sunderland.”
Access to the European market is key to the future of the Nissan site: more than 80 per cent of its cars are exported.'
Ghosn's a super smart guy who needs business as usual, and has shareholders and a board to report to, so when you add those factors, clearly he knows something we don't - either May's told him she won't hard Brexit and he can continue selling into the EU, or she's had a subsidies handshake with him.
We can pile up on debt and continue lifting money-losing sector of the economies
Irrelevant.Was happening pre-Brexit.Would have happened in the event of a remain vote.As i said before hundreds of billions was spent bailing out banks and financial institutions during the GFC.Nobody was jailed.Fred the Shred had his knighthood revoked, big deal.I'd rather see them put money into manufacturing than bailing out banks that made bad decisions regarding who they lent money to or what bad derivative bets they had.
Anyway the Northern Irish High Court just ruled that lawmakers don’t need to hold a vote to start the two-year countdown to Brexit.
Following Microsoft, Apple is now also increasing prices of its products in the UK:
Now that tweet is a bit biased, some products had their price go up across the globe, not just in the UK. However, some products also didn't, and percentage-wise the price increase in the UK is a lot higher.
If you actually look at products that a) Existed before the brexit vote and b) Haven't changed one bit, such as the MacBook Air 13", the UK and the UK alone has seen large price increases. There are two base models of the 13" MacBook Air, one cost £849 (128GB) and the other £999 (256GB). After the Apple event the exact same products went up in price to £949 and £1,099. People are saying "oh but the US saw price increases too". This categorically isn't true. Before the Apple Event the 13" MacBook Airs cost $999 and $1199. You know how much they cost now? $999 and $1199, they didn't go up in price one bit. So far the brexit vote has cost me an extra £80 on my iPhone and an extra £100 on my MacBook. I'm starting to get pissed off.
It's correct that Apple has increased prices across the board, but the recent devaluation of the £ means that prices are an additional 15% higher here.
On October 27 2016 22:09 iPlaY.NettleS wrote: Name a country with a car industry where the government doesn't support the car industry. It's easy to argue the government supports the financial sector as well considering they spent hundreds of billions of pounds bailing them out during the GFC.This is peanuts in comparison. Sunderland plant production up 6.6% in a year, 3Q GDP 0.5% actual where experts had predicted 0.6% in the event of a remain vote.Project fear? Hyperbole.
Quoting the FT...
'Mr Ghosn said he welcomed “Theresa May’s commitment to the automotive industry in Britain and to the development of an overall industrial strategy. The support and assurances of the UK government enabled us to decide that the next generation Qashqai and X-Trail will be produced at Sunderland.”
Access to the European market is key to the future of the Nissan site: more than 80 per cent of its cars are exported.'
Ghosn's a super smart guy who needs business as usual, and has shareholders and a board to report to, so when you add those factors, clearly he knows something we don't - either May's told him she won't hard Brexit and he can continue selling into the EU, or she's had a subsidies handshake with him.
I think he meant the most tax-efficient. This is hilarious because it's ran by robots more than UK workers. Everybody knows the German car industry is four times bigger than the UK's.
So now we have a situation where you are cheering for the UK to issue debt to fund Japanese robots on our soil and a compensated tax-transfer to Nissan-Renault which is co-owned by the French government. Hilarious.
We can pile up on debt and continue lifting money-losing sector of the economies
Irrelevant.Was happening pre-Brexit.Would have happened in the event of a remain vote.As i said before hundreds of billions was spent bailing out banks and financial institutions during the GFC.Nobody was jailed.Fred the Shred had his knighthood revoked, big deal.I'd rather see them put money into manufacturing than bailing out banks that made bad decisions regarding who they lent money to or what bad derivative bets they had.
Anyway the Northern Irish High Court just ruled that lawmakers don’t need to hold a vote to start the two-year countdown to Brexit.
Happy days.
Actually UK manufacturing itself is pretty irrelevant, at around 12% of GDP. What matters is services. If you can't see the link between debt-to-gdp and stagnation ad aeternam, then probably you didn't have your eyes open during the GFC, and ought to continue reading Car Magazine. Otherwise let's just say fiscal orthodoxy's so irrelevant we should just print pounds and give out universal basic income to those in need. Wait what ? Numbers don't add up ? Okay then.
Well the majority of the GDP is obviously from the financial services sector, not the automobile industry. It seems odd that the car industry has received "assurances"- it would make sense for the financial services sector to have received the same assurances as well because of its' higher importance. Which would signify, obviously, a soft brexit. Unless of course the UK is still deliriously expecting a make your bed and sleep in it type relationship (which in reality, given the over-inflated self-importance that they project wouldn't surprise me). At least Scotland is fighting- living in France thanks to Scottish blood its the only thing I really care about. Not to mention the 45k student debt I've left in England makes me not want to return to the UK anytime soon ^^.
I don't see what's so repulsive, I believe in free and the right to education. It is free in France and in Scotland. Not my fault that England wishes its' unis to run as businesses- degree factories. If i were to move back and make over 21.5k gross then I would have to pay it but otherwise SFE can fuck off. It's hilarious anyways, having their hq in glasgow. No idea how they expect to get the money from EU students.
Typical Scottish nationalist. Everything that you are you owe to English tax payers. No moral compass or sense of responsibility whatsoever, and perfectly emblematic of the leftist youth of today.
It's tragic that integrity is a thing of the past.
No I'd say everything that I am is owed to the French tax payers seeing that's where I live and have done for 12 years. You are a funny person. And I fail to see why I should endebt myself to a government that fails to properly tax its' mega rich or numerous corporations, also proudly possessing one of the least transparent stock exchanges in the world. What a proud torry you are. I owe nothing to the English, they have profitted from Scotland for long enough; but it is finally our chance to break free (again).
Makes me wonder if you even believe the shit you spout about Scotland, or if you're just using it to justify being a leech to yourself in order to maintain your pitiable self righteous act.
This is a kid who comes here on a regular basis to insult a country the citizens of which he now admits he has leeched £45,000 from with no intention of paying it back. Any ridicule he receives is well earned.
Did they just stop contacting you Mythical? Or can you just refuse to pay and not give a f?
I'm 12k in debt after 4 years of Oxford (got in before Clegg fiasco happened thankfully), and they haven't contacted me at all in 1,5 years so I'm not really sure what's going on there. I was paying monthly before that.
EPT
