With the announcement today from Nissan and the ever lowering interest rate yesterday, are all the Leavers feeling pretty good and that they are taking control

Didnt the top gadgie at BOE say it wont be as bad as people make out. He seems to have changed his tune since before the vote.

Democracy has spoken, deal with stop being a bad loser.

We have our country back and control of our borders.... Err apparently.

Plus £170 Bn

It takes me back to the knuckle dragging UKIP idiots in Sunderland cheering the result there on the night like the football team had scored.

Nice one lads, I'm sure the Tory government will look after you now all the European investment has gone.

The fact areas like Sunderland and Hartlepool were amongst the highest leave percentage is embarrassing and incredibly thick. If the consequences weren't so potentially life effecting for thousands of people it would be almost funny.

Tell me how has the Decision to leave the EU affected you

Interest rates have been 0.5% for the last 9 years whilst being part of the EU
There has been over 300 billion of QE in the last 9 years whilst being part of the EU
The EU have seen Negative Interest rates for a while now
The ECB has been giving the EU 80 Billion Euros of QE a month for the last 2 years and shows no sign of easing

The above is the Minimum of Facts so compared to the EU we are doing well even tho its so easy to say Brexit is to Blame

I think you are missing the point Poolie. The Carlos Ghosn (Nissan CEO) statement says everything about the issue. Whilst he hopes that in the end a common sense solution can be found the investment in Sunderland (resulting in tens of thousands of UK jobs) is on the premise of Nissan being a European plant based in the UK.

As of today investment in the UK will be mothballed until it is known what Brexit means in terms of trade agreements, tariffs etc. currency fluctuation and weakening of the pound has a potentially massive impact on Nissan's business in UK and Europe if it continues.

Consequently companies like Nissan will be waiting and not committing to investments now for an indeterminate time until the fallout from Brexit is sorted.

For me this isn't a positive move short term for the UK economy neither is further weakening of the pound. It might all shake down ok in the long run but we are back to the argument that leavers just took a punt on some concepts and had no vision of what the reality might mean. Big companies invested in the UK as part of the European market, if we are not any more it changed things

I'm on away in Europe at the moment so its q bit more expensive given the exchange rate and the outcome has been mentioned a few times when talking to locals. Most have said they understand why people voted to leave but they think it will prove to be a mistake.

We were talking to a shop owner in Holland who said she is actually buying more stock from the UK at the minute whole the pound is down. Much of what she said was overly simplistic but they are hoping our decision makes the EU and there own government wake up and change so more dont leave.

Personally I voted remain, I didn't think the uncertainty of a lack of plan wasn't worth the risk but for now we just have to sup it up and play the waiting game based on what sort of arrangement we come to

Will this be the same Nissan that said they might have to move out if we didn't join the Euro ??

Ultimately we are where we are and have to hope that our government and the EU come to some sort of sensible compromise on all the issues.

However you can't just dismiss the real impact on businesses who employ people and pay taxes whilst this happens.

The stock market is at a 12 month high so personal pension pots/pension funds are doing very nicely. It's not surprising that there has been a bit of jolt to the economy since markets didn't predict the result and the Remain campaign painted a scenario of Armageddon. If you talk the economy down and try and scare punters and businesses its not a great surprise when they hold back on investments until the dust settles. I am shocked that so little planning was done by government for a leave vote but we are where we are. All in all I'm quite happy with the way things have gone. We've got rid of Cameron and Osborne. Gove is out in the cold. We will all have to wait and see what deals can be negotiated and how the economy looks in 2 years time.

anybody who believed millions was going to to be
ploughed back into the NHS is definitely part of the TAPS group.

One of my mates owns a factory, and employs about a dozen staff. He told them all not to vote leave, as in his opinion it would fook the economy up and put their jobs at risk. They all ignored him and voted leave.

Because he buys all his raw materials in US Dollars, he has got a big increase in his costs to factor in. Sales have also dropped off dramatically, and it will be hard to pull them back given that he has had to hike the prices up. Now he having to decide which members off staff to lay off.

I have total confidence in Theresa May to look after my best interests as an expatriate.

A business I look after buys in dollars and sterling from the Far East - we expected problems with the dollar suppliers (and had hedged) but now our sterling suppliers are kicking off as they can't recover their costs at an appropriate rate. Result? we 're going out of business with the loss of 97 jobs...thanks Boris.

Whilst I wouldn't publicly say this if I was PM, the concerns of long-term ex-pats wouldn't be a priority for me.

What is he selling and why have sales dropped off?

What part of the Far East?

I'm personally delighted, yeah

He makes stuff out of horn, bone and antler. Jewellery, cutlery, ornaments, crockery etc.

Sales have dropped off because the gift/home shops that buy off him have all shat themselves in response to their customers shitting themselves and not spending money like they used to.

Similar thing happened with consumer confidence when the global crisis hit in 2007.

Another mate wholesales toys which she has made in China. Again she buys in US Dollars. She is tied in to lots of purchase agreements with retailers, meaning she has to sell to them so many units at an agreed price. Because of the exchange rate changing she is taking a massive hit until she renegotiates the agreements.May have to lay staff off in the meantime.

There are thousands of businesses like them in the UK who are in the same boat.

Anybody dealing in currency was always playing the market.

Playing the Brexit sympathy card right now is basically nowt more than pathetic.

HTH.

Any business that agrees to buy items in a foreign currency and doesn't hedge the whole contract is a poorly managed business.

Care to tell us what businesses you have run Harry?

I'm also curious to know that too Mr PIN. I mean he obviously is far better qualified than the CEO of Renault/Nissan for example with his poorly managed business

I'm assuming Harry may of been involved in the press and they don't seem to very well ran locally

Sent from my SM-G900F using Tapatalk

Sounds like you are tailor made for the job.

I run a firm of architects in the NW and its mixed for us. Institutional investment into housing has been put on hold. This is the likes of pension companies putting money (£50m upwards) into large apartment schemes. The scheme that have stopped would have been high quality, with long term management arrangements put in place.
The flip side is that housing schemes that rely on Chinese investment have done ok. The financial model here is that Chinese individuals by apartments, as a way of getting their money out of the country. Apartments are now cheaper because of weak sterling, which counteracts concerns about instability.
So, if by 'taking back control' Brexiters mean Chinese owned homes with poor management then you've got what you want. I'm all for foreign investment but in my particular field it seems perverse that we're selling the country of cheap, with no long term concern about the consequences.
As an aside, the U.K. losing its triple A rating means that borrowing rates on debt will be higher in the future. A 0.002% rise in borrowing rates = (you guessed it) a extra £350m in interest per week. Now where have I heard that figure from?

I directly report to the CFO of a global-trading UK subsidiary owned by a large MNC. I work closely with the Treasury, Management Accounting, Financial Analysis and Internal Audit and Control teams.

I know good practice for running companies and not hedging long-term foreign currency contracts is not good practice. I would call it gambling.

In other words you've never run a business. Shame, my pals were hoping I could get your number so that you could advise them through these troubled times.

Did you not read what I said? I am part of a team that runs a business. Billion dollar turnover businesses aren't run by one person.

You lot are like two ironclads firing massive shells full of flour at 16"" armour. Resulting in lots of noise and confusion and little else. Both sides think they're winning and neither concedes a point. At the end of the day it's a stalemate.... And becoming excruciatingly boring.

I don't disagree but it's not the Leavers starting these threads.

I'm surprised somebody as important and powerful as you has the time to make so many dull political points on a Pools message board. Couldn't you get an underling from Comms to do it for you?

You are correct. Its not.

On saying that though, the leavers dont appear to be doing anything. Anywhere.

Just still gloating about the shitfest left in the country.

bollocks to nissan,lets start building mini metros again

I'm assuming that is a joke so I won't bite too hard but yeah bollocks to that successful business employing thousands of people, investing billions and contributing millions in corporation tax, income tax and national insurance.

Let's get back to the heyday of British car industry with mass Union walkouts, inefficiency and closures

But anyway as I'm not biting I didn't write any of the above

Harry, what's the relevance of your question? I clearly bow to your international expertise, so explain the point of your question....

I don't know who these Leavers are you say are doing nothing but if you're suggesting the government is doing nothing on Brexit you're very naive.

I was trying to pass myself as Harry Blackwood?!? I'd never heard of him before your message. Is he related to Vas?

It doesn't matter to me whether or not you believe I am a senior manager reporting directly to the CFO of a $1bn turnover UK subsidiary. The fact that you cannot change is that I have material input on the running of the company and have 16 years experience of what is good (and bad) corporate governance.

I'll share the relevance when I know which part of the Far East you're talking about.

I wouldn't trust a Comms team to run a bath. A common saying is: "Those who can, do; those who can't, teach". I'd say that's very harsh on teachers whilst Comms teams exist.

I'll share the relevance when I know which part of the Far East you're talking about.[/quote]

Not biting - you are talking total (oriental) b*llshit. Harry, you need to talk to your minnions, it is the currency, functional or otherwise, not the geographic space which is key. For example, we have suppliers in China - many transact in dollars, some in sterling, a few in GMB, one in Bhat.............

Now, are you still breeding plants?

Naive harry?

Well lets wait and see what happens and how quickly it happens. And the casualties it produces.

Or what sort of compromise they manage to get so that not very much changes.

Theresa may will do nothing that adversely compromise her own position.

Or are you extremely naive to suggest she would?

Not biting - you are talking total (oriental) b*llshit. Harry, you need to talk to your minnions, it is the currency, functional or otherwise, not the geographic space which is key. For example, we have suppliers in China - many transact in dollars, some in sterling, a few in GMB, one in Bhat.............

Now, are you still breeding plants?[/quote]
Who suggested it was about the 'geographic space'? Not me.

My question is because, as I suspected, the supplier is Chinese and you haven't explained why the increased costs of a supplier from a nation with a low cost base and who invoices in GBP would result in the loss of 97 UK jobs/a shutdown of a business. You've said other suppliers are paid in other currencies and that these have been hedged.

On the face of it, it doesn't make sense. Perhaps you can explain further.

You've said something I agree with - yes, let's wait and see.

There was a young Harry hart used to be a draughy or similar in Far East. Can't be the same one?

Who suggested it was about the 'geographic space'? Not me.

My question is because, as I suspected, the supplier is Chinese and you haven't explained why the increased costs of a supplier from a nation with a low cost base and who invoices in GBP would result in the loss of 97 UK jobs/a shutdown of a business. You've said other suppliers are paid in other currencies and that these have been hedged.

On the face of it, it doesn't make sense. Perhaps you can explain further.[/quote]

Old PeterleeProverb...Try reading what is written before being a smartarse.

We have Chinese suppliers...plural.

We pay some of them in sterling...but they then have to exchange that into other currencies......seriously, your CFO needs new staff!

I mentioned geographic space as your argument/ vision seems very one dimensional, almost Blackhall focussed...

This is getting serious, I asked our lass to turn Netflix on the other night but call it Bretflix.

you assumed right,it was a joke,don`t you miss the mini metro though

Who doesn't miss it, although my personal favourite is the Austin Allegro