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UK Politics Hamsterwheel MkII

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UK Politics Hamsterwheel MkII

Old 25th Jan 2019, 09:45
  #3421 (permalink)  
 
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Originally Posted by yellowtriumph View Post


Didnít Unilever recently scrap itís plans to move itís HQ to the Netherlands? Or doesnít that count?
The brouhaha over that was to do with the consequent delisting from the footsie & dumping many pension funds in the mire as a result, IIRC.
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Old 25th Jan 2019, 09:49
  #3422 (permalink)  
 
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Originally Posted by yellowtriumph View Post


Didnít Unilever recently scrap itís plans to move itís HQ to the Netherlands? Or doesnít that count?
That was not because the management had second thoughts about the consequences of Brexit, but simply because some shareholders blocked the decision as they did not like the idea of Unilever having to disappear from the FTSE (which would have forced certain institutional shareholders to part with their shares). I would not be surprised if some of the top executives in the near future will abandon ship as a consequence ...
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Old 25th Jan 2019, 09:53
  #3423 (permalink)  
 
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Originally Posted by Parapunter View Post
Lets take stock of the week.

Sony. Gone
Dyson. Gone (Spits on floor)
Airbus. Threatening to go.
P&O Flagging out ships including, oh the irony, 'Spirit of Britain' to Cyprus explicitly because Brexit
Fleece Mogg - Let's take back control by shutting down Parliament. WTAF????
Brexit cheerleader James Delingpole on This week: 'I don't know' in answer to Andrew Neil when asked why the US would gives us an FTA if we lowered our tariffs to Europe in WTO.
Taking back control Brexiteers - Let's get the Queen to ignore no no deal amendments.

Jet Blast Conservative association: Everything is fine.
Sorry Parapunter but if this is as bad as it gets I'll take it...

Sony - moved the grand total of 10 (yes, ten) people
Dyson - is NOT "moving out of the UK". Have a read about the former RAF Colerne if you dont believe me
Airbus - a state sponsored threat to bring the kids into line
P&O - not read about this one, and wont be doing so, but I doubt it is especially significant. Flag of convenience and all that I expect.

Meanwhile the UK economy steamrollers on - 32M in work (of one form or another admittedly)
Cambridge - fastest growing city in Europe
Manchester - not far behind
London - the City and foreign investors are going nowhere - they know when they are onto a good thing - the amount of office space and flats being built is scary

I've never been one who says the status quo in the UK is great (hence why I voted Leave), but to pretend that financial armageddon is just around the corner because of Brexit is just so far away from the reality. It's simply laughable in my opinion.
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Old 25th Jan 2019, 09:59
  #3424 (permalink)  
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Originally Posted by yellowtriumph View Post
Iíd be interested to read some comments on why the EU appear to have been so quick to close down the recent suggestion by (I think) the Polish PM and his idea of extending the transition period to be up to 5 years to include a definite exit date after that. Would seem to me the kernel of a very good idea?
Apart from the fact the UK has already had 2.5 yrs ......and achieved nothing, why would doubling this period suddenly produce a resolution. It would be like having a tooth extraction, without anaesthetic and with the dentist taking regular coffee breaks and lunch.

Meanwhile.......another dissident voice makes Treeza a very simple offer.....

https://www.theguardian.com/politics...rexit-handling
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Old 25th Jan 2019, 10:04
  #3425 (permalink)  
 
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Sorry Parapunter but if this is as bad as it gets I'll take it...

Sony - moved the grand total of 10 (yes, ten) people
Dyson - is NOT "moving out of the UK". Have a read about the former RAF Colerne if you dont believe me
Airbus - a state sponsored threat to bring the kids into line
P&O - not read about this one, and wont be doing so, but I doubt it is especially significant. Flag of convenience and all that I expect.
Really pleased to see that you, as with most hard Brexiteers, are happy for people to lose their jobs, and for UK plc to lose tax revenue. Is there a price too high, in terms of industry and commerce so far as you and you cronies are concerned.

Would Toyota, Nissan, Honda and BMW leaving bee too high a price, or is even that a price worth paying to "take back control"?
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Old 25th Jan 2019, 10:09
  #3426 (permalink)  
 
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Originally Posted by andrewn View Post
Sorry Parapunter
Accepted. That was five days worth of news, none so blind as those who won't see as the saying goes.


Originally Posted by andrewn View Post
P&O - not read about this one, and wont be doing so, but I doubt it is especially significant..
Emblematic of Brexiteers.
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Old 25th Jan 2019, 10:26
  #3427 (permalink)  
 
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Originally Posted by andrewn View Post
Sorry Parapunter but if this is as bad as it gets I'll take it...

Sony - moved the grand total of 10 (yes, ten) people
Dyson - is NOT "moving out of the UK". Have a read about the former RAF Colerne if you dont believe me
The number of bodies is not the issue with those companies. It's the corporate tax revenue that they are taking with them. It doesn't need many people to operate the accounts computers.

As for the operation at Colerne it's cheap land that they couldn't get in Singapore, so it's useful to keep the developments here. Production and profits will be in the Far East.
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Old 25th Jan 2019, 10:30
  #3428 (permalink)  
 
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Originally Posted by LowNSlow View Post
The Chinese branch of Airbus would love to build them Airbus China as would the plant in Mobile, Alabama Airbus USA I would imagine but how would it make economic sense to increase the journey from around 1,400km (UK to Toulouse) to 8,800km (Mobile to Toulouse) or 17,500km (Taijin to Toulouse) plus relocate the factory into another country which, like the UK, isn't in the EU?
Like you I can't imagine that happening. But it doesn't apply to plants in Spain or France that will be bidding for the business.
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Old 25th Jan 2019, 10:36
  #3429 (permalink)  
 
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biggest problem Airbus has got is the skilled labour and design house in the UK, they have wanted to shift production of wings for years ever since BAe sold out. ... Just the autoclaves and high precision drilling jigs don't travel very well and take months if not years to move. And even when you do move them they are never quiet the same again.

Getting the labour base up to speed and producing the same quality as before. years and years.

Anyway P&O has been owned by Dubai Ports for over a decade. Last time I was on one of their tubs most staff were none EU nationals. Per say a change of flag makes no difference to their operation or crews.
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Old 25th Jan 2019, 10:43
  #3430 (permalink)  
 
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But those plants will be type specific, isn't the USA doing the A320? so whatever they decided they would still have to build a facility to house it all as I bet they have no spare capacity for other models. recruit staff to build them, the tooling would need to transfer or be produced and then the design offices etc.... and that is all on the premise that some of the irreplacable talent that they may want to retain would want to move... far better if they were going to move it would be to build closer to the production facility and the mryiad of suppliers of some of the specialised items..
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Old 25th Jan 2019, 10:47
  #3431 (permalink)  
 
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Originally Posted by tescoapp View Post

Anyway P&O has been owned by Dubai Ports for over a decade. Last time I was on one of their tubs most staff were none EU nationals. Per say a change of flag makes no difference to their operation or crews.
This is what is so unsatisfying about Brexit supporters. There is no real debate of ideas, of thought processes, just a shape shifting set of inadequacies that manifest themselves continually in various forms of half baked wilfully ignorant miasmas of reasoning - 'If that's the price to pay' being a great example. Andrew knows I'm talking about one week, he knows the news flows in only one direction & will continue to do so, he knows implicitly that his cherished exit is a disaster, but can't possibly disinvest the large amount of ego tied up in it. It would be far too humiliating to do so, and therefore, the dogmatic insistence continues, people like me come along to poke holes in the flimsy arguments, they regroup, try again & it goes round & round. Same with this. P&O explicitly stated they're flagging out to minimise Brexit disruption & here's Tesco missing the point on purpose by a country mile.

No one who voted leave can be held responsible for their actions. No one who voted leave & still believes in it can be taken seriously.
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Old 25th Jan 2019, 11:00
  #3432 (permalink)  
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Originally Posted by Parapunter View Post
P&O Flagging out ships including, oh the irony, 'Spirit of Britain' to Cyprus explicitly because Brexit
e.
Thank you for that. It is now clear you are not talking about P&O at all but P&O Ferries a wholly different entity from P&O, a subsidiary of the US Carnival Corporation who also own Princess and Cunard.
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Old 25th Jan 2019, 11:11
  #3433 (permalink)  
 
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Originally Posted by virginblue View Post
That was not because the management had second thoughts about the consequences of Brexit, but simply because some shareholders blocked the decision as they did not like the idea of Unilever having to disappear from the FTSE (which would have forced certain institutional shareholders to part with their shares). I would not be surprised if some of the top executives in the near future will abandon ship as a consequence ...
If by Ďcertain institutional investorsí you mean pension funds - they are free to invest around the world. Although I would readily admit there would be transactional costs involved.
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Old 25th Jan 2019, 11:15
  #3434 (permalink)  
 
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Originally Posted by Pontius Navigator View Post
Thank you for that. It is now clear you are not talking about P&O at all but P&O Ferries a wholly different entity from P&O, a subsidiary of the US Carnival Corporation who also own Princess and Cunard.
??? They're getting out of dodge & joining an ever lengthening line of others doing the same.
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Old 25th Jan 2019, 11:32
  #3435 (permalink)  
 
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I think 'certain institutional investors' are likely to be the FTSE100 tracker funds, who would have to sell their Unilever shares and buy shares in other FTSE100 companies to maintain their tracker profile.
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Old 25th Jan 2019, 11:43
  #3436 (permalink)  
 
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If the best example of companies coming to Britain is that Unilever has decided not to move out (and for reasons unconnected to Brexit), that is pretty poor defence of Brexit.
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Old 25th Jan 2019, 11:58
  #3437 (permalink)  
 
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Originally Posted by cubemaster View Post
I think 'certain institutional investors' are likely to be the FTSE100 tracker funds, who would have to sell their Unilever shares and buy shares in other FTSE100 companies to maintain their tracker profile.
The intention, by Unilever, was that their shares would continue to be listed in London although Unilever was likely to drop out of the FTSE100. There was a desire to try and make their shares a Ďspecial caseí in that scenario. Of course it never happened so nothing has come of it. Enough thread drift from me now.
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Old 25th Jan 2019, 12:02
  #3438 (permalink)  
 
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No one who voted leave & still believes in it can be taken seriously.
Its up to you...but default exit is 62 days away. And the numbers either way haven't changed since two years ago.

The abuse of the opposition just cements our views.

To be honest we really don't care if your satisfied or not.... or for that matter if you have chosen not to prepare for a default exit or not. Lest face your never going to be satisfied what ever the outcome is now. The damage has been done and the clocks can't be turned back.
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Old 25th Jan 2019, 12:05
  #3439 (permalink)  
 
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The RMT has a different take on P&O's reasons for re-flagging their cross channel ferries https://www.union-news.co.uk/dont-bl...ies-to-cyprus/
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Old 25th Jan 2019, 12:10
  #3440 (permalink)  
 
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Originally Posted by Parapunter View Post
??? They're getting out of dodge & joining an ever lengthening line of others doing the same.
you once japed about blood pressure and intimated about risk of stroke in one of your replies to me; well matey, the ball is on the other foot now....enjoy..

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