Theresa May - Not up to the Job of PM?

[Foxholer]

Please can you show some evidence to back this claim especially as employment is at record highs and so many hundreds of thousands of people are still coming to the UK to live from abroad each year.

Toys-R-Us; Poundworld; Maplin.

 

[chrisd]

Toys-R-Us; Poundworld; Maplin.

I may be wrong but I understood that Maplins and Toys-R-Us went bust because they were too expensive and lost business to cheaper suppliers as well as internet shoppers and Poundworld lost money by fraud abroad and the inability to increase their price of £1 when goods costs to them have been increasing, as its difficult to become OnePoundtwentyfiveworld

 

[Hobbit]

I may be wrong but I understood that Maplins and Toys-R-Us went bust because they were too expensive and lost business to cheaper suppliers as well as internet shoppers and Poundworld lost money by fraud abroad and the inability to increase their price of £1 when goods costs to them have been increasing, as its difficult to become OnePoundtwentyfiveworld

Pretty certain you missed half a doz exclamation marks in that!!!!!!

 

[Lord Tyrion]

as its difficult to become OnePoundtwentyfiveworld

I think that is one of the best lines I have seen for some time

 

[SocketRocket]

A 5 minute search: lamb imported into the EU is subject to a 12.80% tariff + €176.00 per 100kg. A saving of £2.00-ish for your Sunday roast. Then there's the 15% on the wine from outside the EU, 75p on a £5 bottle. And the £500 (2.5%) on a £20000 car from outside the EU which you've just used to drive you home from the golf club for your Sunday lunch. There's a very good EU market access database on tariffs applied to non-EU countries.

Future investment. Ireland's reduction in Corporation Tax to very low levels, much to the EU's annoyance, has seen plenty of investment from non-EU countries. Ireland has suffered some very high profile court cases in recent years with the EU as it looks to make life difficult on low taxation. The EU is very concerned about the UK becoming a low taxation, Singapore-type, trading nation right on their doorstep. There might be higher tariffs from the UK into the EU but balanced, or bettered, by very low Corp Tax will make the UK extremely attractive to foreign investment.

However, as France continues to chase financial services business from London I expect the City will take a hit as the regs and financial passporting will be a sticking point. Equally, because of the performance of many UK blue chip companies there's significant investment by both France and Germany in UK pension companies. Add to that most of the UK water companies are French owned, the EU Commission will be pushed by the EU27 for a deal.

There's lots of posturing going on at present but there will be deals in a number of areas. It won't happen overnight, and will take all of the transition period, and then some, but it will happen. It will hurt the EU too much not to.

A very good post and so good to
see some people have a bit of balance and optimism. The two previous are as bright as a wet weekend in Worthing.

 

[SwingsitlikeHogan]

A very good post and so good to
see some people have a bit of balance and optimism. The two previous are as bright as a wet weekend in Worthing.

So do you think leaving with No Deal will be a good thing?

 

[Foxholer]

I may be wrong but I understood that Maplins and Toys-R-Us went bust because they were too expensive and lost business to cheaper suppliers as well as internet shoppers and Poundworld lost money by fraud abroad and the inability to increase their price of £1 when goods costs to them have been increasing, as its difficult to become OnePoundtwentyfiveworld

https://www.bbc.co.uk/news/business-43223175

https://www.bbc.co.uk/news/business-44436435

Indeed, costs have increased - because of, as I stated, the fall in the value of the puond against other currencies!

Btw. The 2nd article also suggests other companies have needed to 'tighten their belts' to survive, one of the causes of which is increased costs due to the fall in the value of the Pound!

As far as I'm concerned, that answers Socket's quite valid question! Mind you, it's quite possible that his 'old' company could well be flourishing precisely because of the fall in the pound! UK-centric companies have become more competitively priced because of the reduced exchange rate!

 

[SocketRocket]

So do you think leaving with No Deal will be a good thing?

If you pop over to the Brexit thread you will see a post with my views on what I think will happen. Don't really want to post it again. :thup:

 

[SocketRocket]

Toys-R-Us; Poundworld; Maplin.

I dont believe these are very good examples of failing businesses due to Brexit.

 

[SocketRocket]

You want evidence.
I am sorry but this just takes the biscuit. On the Brexit thread you were recently asked to explain and as usual you responded with assertions about how confident you are with nothing at all to back up that confidence. Have a go at providing answers to these points.
I wish that the Leavers would spell out how we are going to be better off outside the EU. I have yet to hear a sensible reply to the concerns about the loss of frictionless trade. Similarly, why on earth in the context of the size of the respective markets would a country offer the UK a better trade deal than it would the EU? Marvellous new export markets - the Germans are doing wonderfully well exporting their goods outside the EU and within the present trade deals. Could it be that it's not the EU that's holding the UK back but the lack of enough attractive products? Tariffs, Rees Mogg keeps telling us that some goods could be cheaper and if pressed he talks about bloody shoes! The threat to existing and future inward investment - if the frictionless trade disappears and any sort of tariff is applied, things look bleak.In financial and other services where we are very strong, there is definitely going to some loss of access to the EU market with the job losses that will follow.

We have far too many experts on this thread.. please stick to made up assertions of how we can be Great again. Remember the empire - we could do all sorts of things without having to worry about those pesky Europeans who now out compete us. Surely a market of 60m people is more attractive than that of 200m especially since the golden goose of Financial Services (which does most of the work outside the UK) will be served on a platter to other cities.

Getting back on the thread, TM would do a fantastic job as a tight rope walker. I love the idea that they wanted to take an early summer break just at a time when the biggest challenge the country is facing was being discussed.

Also, how much does the country/tories fear Labour/Corbyn if they have to hold on to TM just to ensure that Labour does not get in? We are walking in the shoes of our American cousins who whipped up enough frenzy against Hillary to ensure that Trump won.

You seem to be confused by the difference between an 'Opinion' and a 'Statement of facts'. When I give an opinion on something it is exactly that, not a expert statement but the way I consider it. It's also nothing to do with the British Empire or the size of the EU market. I take it it's still OK to have personal opinions. It may be a surprise to some people but if we leave the EU we are still allowed to trade with them and the rest of the World which is a much bigger market and also one where we already do more trade (And that bit was a statement of facts)

 

[Foxholer]

I dont believe these are very good examples of failing businesses due to Brexit.

Oh how predictable!

 

[SocketRocket]

Oh how predictable!

I thought you just made a post about "playing the argument and not the man".

 

[Foxholer]

I thought you just made a post about "playing the argument and not the man".

That (the 'argument') was indeed what I was refering to as 'predictable'!

 

[drdel]

So do you think leaving with No Deal will be a good thing?

Yup. About 82% of GDP/ trade is with countries outside of EU. Quite a bit of that trade will be cheaper as it will be free from EU imposed duty under WTO. Do your sums and you'll see the UK can gain.

 

[SocketRocket]

That (the 'argument') was indeed what I was refering to as 'predictable'!

Please explain where I played the man?

 

[Foxholer]

Yup. About 82% of GDP/ trade is with countries outside of EU. Quite a bit of that trade will be cheaper as it will be free from EU imposed duty under WTO. Do your sums and you'll see the UK can gain.

Where did that 82% value come from? This link https://fullfact.org/europe/uk-eu-trade/ states that (in 2016) 54% came from EU, nothing like the 18% you suggest! Office for National Statistics indicates that imports from EU total more than those of rest of the world combined, so seems to agree! https://www.ons.gov.uk/businessindu...ade/articles/whodoestheuktradewith/2017-02-21

 

[SwingsitlikeHogan]

So our PM decides that she must take control of the negotiations - with Draab as her deputy...well I suppose if May gets a Deal then Draab will get some spin-off benefit...

Though who is running the country if May is doing the dealing?

BTW - yes I agree - Draab is about as funny as Bliar...

 

[Hobbit]

Current exports to the EU = 47% of all exports. However, according to the ONS it also includes a significant amount of exports that the end user is non-EU, and the products are shipped via a major hub like Rotterdam.

TBH, if only 20% of the UK's exports went to the EU it is still a huge amount. But, perversely it almost a case of the more the merrier, up to a point. Its a big enough number for which the EU will want a deal, whereas 10% would have been a number the EU might have said tough to.

 

[chrisd]

TBH, if only 20% of the UK's exports went to the EU it is still a huge amount. But, perversely it almost a case of the more the merrier, up to a point. Its a big enough number for which the EU will want a deal, whereas 10% would have been a number the EU might have said tough to.

Typical that the buffoons that we are negotiating with would risk plunging their remaining members businesses into potential ruin given how much trade some could lose.

 

[Hobbit]

Typical that the buffoons that we are negotiating with would risk plunging their remaining members businesses into potential ruin given how much trade some could lose.

But if you tell some people on here they won't see it that way. And, of course, its all the UK's fault.