[Politics] Brexit

[daveinprague]

There's a number of online articles about it but here's one - https://www.google.co.uk/amp/s/www....ke-you-never-want-to-wear-superdry-again/amp/

cheers. I was struggling.


...ok, reading that, it is hardly damning is it.
Low wages in India shock, and they have to ask to go to the toiilet?
Would imagine there are owners of companies who have all sorts of political backgrounds who have similar set ups in 3rd world countries.

 

[Stat Brother]

This did raise a smile:-

[tweet]1030925264799375360[/tweet]

 

[Garry Nelson's teacher]

Blimey, all that at 7:20 on a Sunday morning.
Are you a giant Lark?

The grandkids are staying over...…………...

 

[Baldseagull]

Immediately the bloke would have earned some respect had even some of it been manufactured in the UK.

They are all the same WS.

Pretty tough to find clothing made in the UK, unless you go to a tailor.

 

[portslade seagull]

Pretty tough to find clothing made in the UK, unless you go to a tailor.

Yep all moved offshore to maximise profits. With what they pay per garment makes you wonder how they struggle with the huge mark up once they appear in the shops

 

[WATFORD zero]

Yep all moved offshore to maximise profits. With what they pay per garment makes you wonder how they struggle with the huge mark up once they appear in the shops

Out of interest, what strategies do you use to keep the manufacture onshore whilst still keeping prices competitive with your clothing companies ?

 

[Two Professors]

They negotiate their trade deals as a block. We have to have a trade agreement with the EU in order to trade with France and Germany. No trade agreement, no trade. So effectively, yes they do ask the rest of the EU before they sell anything.

We could operate under WTO but I've yet to hear anyone, who actually trades, say anything good about that idea.

If we leave with no deal then under WTO rules we can do trade deals with individual countriesThe EU has no Trade Agreement with the ANZAC countries yet,but France and Germany do trade deals with them,and don't need Malta's approval.

 

[Two Professors]

Quite surprising how much clothing is manufactured here.

 

[portslade seagull]

Out of interest, what strategies do you use to keep the manufacture onshore whilst still keeping prices competitive with your clothing companies ?

Basically none. That's why most manufacturers moved including Dyson. Most who stay have some form of government assistance and that's from both sides and would be more exaggerated under JC and Labour if they get in.
Maybe one to help shops would be lowering business rates alleviating it with higher taxes on online sales

 

[WATFORD zero]

If we are not in the Single Market,we can make deals with anybody.How do you think France and Germany do deals with other countries?Do they ask the rest of the EU before they sell anything?

They negotiate their trade deals as a block. We have to have a trade agreement with the EU in order to trade with France and Germany. No trade agreement, no trade. So effectively, yes they do ask the rest of the EU before they sell anything.

If we leave with no deal then under WTO rules we can do trade deals with individual countriesThe EU has no Trade Agreement with the ANZAC countries yet,but France and Germany do trade deals with them,and don't need Malta's approval.

Not yet, but the EU are way ahead of Britain in getting one, https://www.theguardian.com/politics/2018/may/22/eu-trade-talks-australia-new-zealand-brexit-commonwealth whilst New Zealand raised issues with our WTO submission within the first 3 days.

I can see you're getting right on top of this trade agreement malarkey since yesterday

 

[WATFORD zero]

Basically none. That's why most manufacturers moved including Dyson. Most who stay have some form of government assistance and that's from both sides and would be more exaggerated under JC and Labour if they get in.
Maybe one to help shops would be lowering business rates alleviating it with higher taxes on online sales

Well after Brexit, we could make the taxes higher on all British based online companies. I'm sure that would help. You've obviously given a lot of thought to this

 

[Two Professors]

Well after Brexit, we could make the taxes higher on all British based online companies. I'm sure that would help. You've obviously given a lot of thought to this

Tell us a story,Jackanory.An import duty on foreign on-line sales would work just as well.

 

[Two Professors]

Not yet, but the EU are way ahead of Britain in getting one, https://www.theguardian.com/politics/2018/may/22/eu-trade-talks-australia-new-zealand-brexit-commonwealth whilst New Zealand raised issues with our WTO submission within the first 3 days.

I can see you're getting right on top of this trade agreement malarkey since yesterday

Have you spoken to your 'friend' about it?Or Plooks?

 

[sir albion]

I was thinking threshold for the total percentage of electorate. The referendum was won on 37% of the electorate voting leave, for me this is not enough. Don't get me wrong, I would be disagreeing if it had been a clear 50+% of the total electorate, but it would feel less like an ambush of opportunity that we are where we are.

You would not have said this if it was the other way round like most remainers.It was a clear win by over 2 million people and like most political votes they're always pretty close anyway but the referendum was clear and needs to be respected.

Sadly the political elite,remainers, media,big business are doing everything possible to derail it !!

 

[WATFORD zero]

Have you spoken to your 'friend' about it?Or Plooks?

 

[Herr Tubthumper]

I do like a story with a happy ending

https://www.bbc.com/news/business-45243088

Greece emerges from eurozone bailout programme

Very satisfying to know the EU has successfully stepped in to help a struggling member.

 

[Pretty pink fairy]

I do like a story with a happy ending

https://www.bbc.com/news/business-45243088

Greece emerges from eurozone bailout programme

Very satisfying to know the EU has successfully stepped in to help a struggling member.

GREAT news, they'll be able to chip in a few Euros to make up the short fall when we leave
regards
DR

 

[Hampster Gull]

I do like a story with a happy ending

https://www.bbc.com/news/business-45243088

Greece emerges from eurozone bailout programme

Very satisfying to know the EU has successfully stepped in to help a struggling member.

Good spot. Yet again it turns out well. Just look at Ireland before them

 

[larus]

I do like a story with a happy ending

https://www.bbc.com/news/business-45243088

Greece emerges from eurozone bailout programme

Very satisfying to know the EU has successfully stepped in to help a struggling member.

And here’s a very different and much more sobering view on their predicament.

https://www.telegraph.co.uk/business/2018/08/20/greeces-bailout-may-debt-problems-not/



Greece is finally out of its protracted bailout.

Eight years and almost €300bn after Athens first received aid from the Eurozone, European Central Bank and International Monetary Fund, the country is finally able to stand on its own two feet again.

Instead of relying on new payments from those creditors, the Government will fund itself from the financial markets.

"The economy, the society and the country as a whole are now entering a new phase," said the Greek government. European Commission President Jean-Claude Juncker called it “a new chapter” for the nation.

That is the official story, at least. Greece still has support - the bailout funds are still in place - but will be paid back at very low rates of interest over decades.


As a result it only has to raise funds in the financial markets to service non-bailout debts and to borrow as it gradually repays the public funds.

Even that will be a challenge. The drawn out crisis crushed the Greek economy. Gross Domestic Product (GDP) is around a quarter below its peak before the financial crisis. Growth has returned, but there is a lot of lost ground to recover.


Unemployment has only just fallen to below 20pc, while hundreds of thousands of Greeks have upped sticks. The country suffered net emigration in every year from 2010 to 2016.

At the peak of the exodus in 2012 Greece had 125,000 emigrants, double the 58,000 immigrants it received.

Such a drain of workers puts more strain on the government’s ability to pay its debts, with a smaller pool of potential taxpayers supporting a rising burden, which is illustrated in its public debt figures.


The debt to GDP ratio has only stabilised but not fallen since 2016. It now stands at 180pc of GDP.


Greece plans to run a primary budget surplus of 3.5pc of GDP in every year to 2022, and maintain a smaller surplus after that.

A primary surplus is a measure of public finances which are in the black, before debt interest payments are taken into account.


As a result it can start cutting its debt burden over the coming years, but that will be a gradual process.

Eventually its bailout loans will expire and the country will be required to pay market interest rates on more of its debts. Combined with its ageing population, this will make the burden more severe once more.


The IMF has warned that this level of budget surplus itself risks undermining GDP growth in the long-run as it sucks money out of businesses and households, and reduces the government’s capacity to invest in areas such as infrastructure. Its economists fear the Greek government’s debts will fall into the 2020s and 2030s, reaching below 150pc of GDP, before rising once more back towards current levels by the late 2050s and into the 2060s.

As a result Greece could end up back where it started, with debts again on an unsustainable path despite its years of austerity.

 

[Baker lite]

You would not have said this if it was the other way round like most remainers.It was a clear win by over 2 million people and like most political votes they're always pretty close anyway but the referendum was clear and needs to be respected.

Sadly the political elite,remainers, media,big business are doing everything possible to derail it !!

Why are You letting facts get in the way? Don’t you know we’re all going to starve next year? We’ll all be queuing up at stand pipes and paying £700 for a boiled potato....


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