Losing investment

martindow

Pennywise wrote: »

Given the sheer volume of bureaucracy and red tape, etc.,

Do you really think there is going to be much less? A lot of 'red tape' is there for good reason.

It seems to me that too much employment is already casualised and insecure and I wouldn't want to undo safety requirements either.

bris

DKLS wrote: »

My mates small manufacturing company in South Yorkshire has received some massive orders mainly from Germany and Spain.

Another mates company has just received a huge payment on file for future work.

Another mate has made 10k, over the weekend by buying and selling cars and goods off Immigrants leaving Edinburgh.

So would hazard a guess there will be winners and losers in this result.

Yea I believe you, honest I do.

Takeaway_Addict

Gleeful wrote: »

I'm negatively affected. Thanks Brexiters. I hope you're happy to watch our country go down the toilet. The pound is near worthless already.

welll...thats not true now is it....

#democracy

Mistral001

Pennywise wrote: »

Given the sheer volume of bureaucracy and red tape, etc., there's a lot of untapped business potential in our own country, . .

It could be argued that instead of bureaucracy and red tape being reduced, it could be increased now that we are leaving.

If we want to sell to the EU when we exit, we will have to still meet the EU regulations on standard of goods. We will also have to deal with any customs tariffs that the EU wish to impose which as far as I can see will increase paperwork for businesses here who export and import from the EU.

Pennywise

Mistral001 wrote: »

We will also have to deal with any customs tariffs that the EU wish to impose which as far as I can see will increase paperwork for businesses here who export and import from the EU.

But won't affect the majority of businesses, especially smaller ones, who don't import and export. If only a fraction of the smaller businesses just employed their first employee or one more employee, UK unemployment could be virtually eliminated.

Mistral001

Pennywise wrote: »

But won't affect the majority of businesses, especially smaller ones, who don't import and export. If only a fraction of the smaller businesses just employed their first employee or one more employee, UK unemployment could be virtually eliminated.

So paperwork could increase for businesses that import and export and stay the same for businesses that do not. That means that for business as a whole, redtape could increase.

PS. Many small businesses do import and export. Also, most small businesses, I would suggest, import even if it is indirectly as they buy from wholesalers here who import. I would suggest that in fact there are very few businesses which will not be affected by increased costs associated with the possible increased paperwork to do with exporting and importing to and from the EU.

paddyrg

Mistral001 wrote: »

So paperwork could increase for businesses that import and export and stay the same for businesses that do not. That means that for business as a whole, redtape could increase.

PS. Many small businesses do import and export. Also, most small businesses, I would suggest, import even if it is indirectly as they buy from wholesalers here who import. I would suggest that in fact there are very few businesses which will not be affected by increased costs associated with the possible increased paperwork to do with exporting and importing to and from the EU.

I think this is a valid point - growth relies on finding new markets rather than trading in a circle and only within national borders. As UK and EU diverge, the costs of straddling two systems (one of which we no longer get to help shape or vote on) will increase over time.

looknohands

Pennywise wrote: »

But won't affect the majority of businesses, especially smaller ones, who don't import and export. If only a fraction of the smaller businesses just employed their first employee or one more employee, UK unemployment could be virtually eliminated.

I disagree with this, I own a small service based businesses that relies on export and import.
Around 50% of my client base is EU and US. You are thinking very local indeed, small business doesn't just mean local shops and services.

Not only this a lot of my UK clients conduct work in the EU. We have already had a UK client pull out of a project due to budget restraints. The work we were set to be supplying was for a UK client holding a conference in Germany subsequently their costs have increased due to exchange rate so they've had to scrap part of the project.

We would have employed someone to work on this project

It's very short term at the moment, gaining and losing business due to exchange rates and lack of confidence. On the other side of things we have also gained some work and extra cash from US clients, dollar invoices increased in value. However in the long-term I would have taken the stability pre Brexit to the extra revenue from exchange rates

DKLS

bris wrote: »

Yea I believe you, honest I do.

Regardless of the political situation and chaos some will always spot an opportunity and make the most of it and some won't be affected at all.

My own business had some good news, a contact I started negotiating in february with a Dutch company has now been signed off this week, I was nervous as they went very quiet the past two weeks. I had a call yesterday confirming it, well after 20mins of having the !!!! taken out of me for the Brexit fun.

A friend I saw last night has more work than the his CRM consultancy company can handle so is recruiting 10 new people but believe what you want am sure I am totally wrong and its all doom and gloom out there.

nkomp18

Easyjet started formal talks today to move their headquarters to Brussels and outside of Britain.
It will take months to complete this. The ill economy effects will be felt gradually. What happened so far is nothing compared to what is to come.
We should come back in a few months and discuss some more