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[Politics] Brexit
- Thread starter KingstonSeagull
- Start date
Lincoln Imp
Well-known member
- Feb 2, 2009
- 5,964
It amazes me when bad business owners and managers use Brexit as an excuse to defend their bad business planning. ....
And what about when good business owners use it as a reason?
The Merry Prankster
Pactum serva
It amazes me when bad business owners and managers use Brexit as an excuse to defend their bad business planning. ....
You'll have to excuse my lack of a sense of humour about this.
It's only been three months Imp, if your business has to start sacking people now then you were always going to.
Cheer up, it could be worse.
JC Footy Genius
Bringer of TRUTH
- Jun 9, 2015
- 10,568
If you can find a quote from me ever claiming the transition to Brexit will be 100% painless or that sunny uplands are guaranteed then you would be right but you won't so ....
You have no idea about business then.
Legislation, decisions by banks, suppliers or customers and yes, a massive shift in the exchange rate (amongst other things) can turn a thriving business into a dying one in a day, let alone three months.
Seen it first hand on quite a few occasions.
larus
Well-known member
Yes to the first 4, but I wouldn't call circa 15% a massive change in exchange rates - it's been a fast readjustment but not massive. The exchange rate vs Euro nearly hit parity in 2008, then hovered around 1:15-1:25 until about mid 2014, before gaining. So, I assume then that there was a massive increase in the exchange rate over the previous 2 years by your 'logic'?
I accept that there is some pain, but if a business is reliant upon the benefit of a gain in the exchange from FROM THE LAST 2 YEARS ONLY, then it's a business which is not viable long term.
JC Footy Genius
Bringer of TRUTH
- Jun 9, 2015
- 10,568
On the topic of employment.
Fears that a Brexit vote would trigger widespread job losses were not realised last month, with the number of people claiming jobseeker’s allowance unexpectedly falling. The claimant count fell by 8,600 to 763,600 in July, compared with expectations of a rise of 9,500, according to the Office for National Statistics (ONS). It was the first monthly fall since February 2016.
https://www.theguardian.com/business/2016/aug/17/uk-unemployment-claimant-count-falls-after-brexit
Hopefully this trend will continue in the next set of figures due to be released next week.
Fears that a Brexit vote would trigger widespread job losses were not realised last month, with the number of people claiming jobseeker’s allowance unexpectedly falling. The claimant count fell by 8,600 to 763,600 in July, compared with expectations of a rise of 9,500, according to the Office for National Statistics (ONS). It was the first monthly fall since February 2016.
https://www.theguardian.com/business/2016/aug/17/uk-unemployment-claimant-count-falls-after-brexit
Hopefully this trend will continue in the next set of figures due to be released next week.
The Merry Prankster
Pactum serva
I'm fully expecting it to be.
The Merry Prankster
Pactum serva
Our order book, which is only about three weeks, fell by 65% overnight. It hasn't recovered. Share your top tips for managing that.
Legislation changes are usually proposed, discussed, debated and eventually voted on in parliament. In short advance warning, a bit like the referendum. Good businesses usually have more than a 'Plan A' (unless it is run like Camerons government) Decisions by banks. Well if you are speaking about a withdrawal of credit facilities then you could infer allsorts from that could you not. So to suppliers and customers. You must have been aware of 'Marmitegate'. That row was resolved. If a customer or supplier doesn't want to deal with a company then something is wrong, very wrong. Massive shifts in the ERM can occur for a myriad of reasons. We have all heard of George Soros have we not. Usually a very healthy working liquid capital helps greatly when you have to weather a storm. Planning and foresight work wonders and running a company that sails too close to a thin line quantifies an unhealthy company.
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The Spanish
Well-known member
Broad, sunlit uplands, if we are quoting Churchill....
Green Cross Code Man
Wunt be druv
I think the bad loser comments are probably aimed at people such as Nick Clegg who won't accept the result. Continual bickering about something that has already happened doesn't allow for closure about that event. Much like a party one doesn't support being elected, such as the Tories for instance in the late seventies and eighties, divided the country and caused problems, this event has similar capacity. It didn't do anyone any good arguing about the way the country voted then and it won't do anyone any good arguing about the result of the referendum now.
On the subject of your business, it's easy for anyone to say that there will be winners and losers from the referendum. I know it's no compensation but I am sincerely sorry that your business has taken a hit and extremely saddened that you've had to lay staff off. That must be very hard considering all the time, money and personal investment involved in making a business.
GoldWithFalmer
Seaweed! Seaweed!
May i ask which field you are in/the company is in?
The Merry Prankster
Pactum serva
Surveying. If you are interested the 2 archeological and geophysical companies (which are the canaries of the business) took those hits immediately. The others - topographical, measured building, underground- are following.
JC Footy Genius
Bringer of TRUTH
- Jun 9, 2015
- 10,568
As much as I admire the great man quoting him in the context of Brexit would be remiss considering his views on European integration. More like Andrea Leadsom ....
The Merry Prankster
Pactum serva
Thank you. I think I'll be okay but a lot of the people who work/worked for us aren't going to be and neither are their families.
GoldWithFalmer
Seaweed! Seaweed!
Just curious....working in the courier service industry i have to agree with this and Underground is already under way..