Brexit, the economy and house prices part 5

Arklight

Oh that!!!8217;s alright then, unnamed Whitehall sources confirmed that the government wrote a letter to Nissan asking them very nicely not to leave due to Brexit, but otherwise they didn!!!8217;t say anything else, certainly no guarantees, they just wanted a chat really.

Nissan thought it was a jolly nice letter and promised Theresa that they remained her faithful servants and didn!!!8217;t need any guarantees a all that after continuing to invest billions of yen in UK based manufacturing of cars for Europe, that they would still be able to sell them there.

Right Tracey. Right.

Rough_Justice

Theophile wrote: »

"Nothing to do with Brexit!" I hear the usual suspects say.

As usual, they are wrong.

https://www.theguardian.com/business/live/2018/feb/28/markets-fall-interest-rate-fears-brexit-pound-growth-gdp-business-live

No they are not.
Really they aren't.
You do realise that Brexit is a no more than convenient excuse for what would otherwise be blamed upon the rise of internet shopping, don't you?


As for Maplins well that is sad but really, have you visited a Maplin in the past year or so?
If you had you wouldn't be completely surprised at their announcement.
Quite a few more will, I suspect, announce similar after completely failing to change with the times either quickly enough or effectively enough; Debenhams is one name that springs quickly to mind.
So blame such as those stories for Brexit is little short of dishonest IMHO.

Toys R Us for example has seen problems globally, hence their bankruptcy in the USA & Canada; was that because of Brexit too, then?
Toys R Us parent company being American had nothing to do with this UK bankruptcy either, I don't suppose.
Or maybe the hoped-for sale of European Toys R Us is because of Brexit too?

https://www.theguardian.com/business/2017/sep/19/toys-r-us-files-for-bankruptcy-in-the-us-and-canada

https://news.sky.com/story/toys-r-us-seeks-bids-for-european-arm-as-uk-heads-for-collapse-11267248

https://news.sky.com/story/toys-r-us-uk-future-in-fresh-doubt-as-us-parent-hunts-buyer-11231265

Theophile

Rough_Justice wrote: »

No they are not.
Really they aren't.
You do realise that Brexit is a no more than convenient excuse for what would otherwise be blamed upon the rise of internet shopping, don't you?


As for Maplins well that is sad but really, have you visited a Maplin in the past year or so?
If you had you wouldn't be completely surprised at their announcement.
Quite a few more will, I suspect, announce similar after completely failing to change with the times either quickly enough or effectively enough; Debenhams is one name that springs quickly to mind.
So blame such as those stories for Brexit is little short of dishonest IMHO.

Toys R Us for example has seen problems globally, hence their bankruptcy in the USA & Canada; was that because of Brexit too, then?
Toys R Us parent company being American had nothing to do with this UK bankruptcy either, I don't suppose.
Or maybe the hoped-for sale of European Toys R Us is because of Brexit too?

https://www.theguardian.com/business/2017/sep/19/toys-r-us-files-for-bankruptcy-in-the-us-and-canada

https://news.sky.com/story/toys-r-us-seeks-bids-for-european-arm-as-uk-heads-for-collapse-11267248

https://news.sky.com/story/toys-r-us-uk-future-in-fresh-doubt-as-us-parent-hunts-buyer-11231265

And your credentials compare how exactly to those of Maplin's CEO?

mrginge

ilovehouses wrote: »

In my opinion it's been written to allow the UK to force 'concessions'.

Ah yes. So when one side comes up with apparently unreasonable demands it’s because they are incompetent chancers who haven’t got a clue, whereas when the other side does it it’s because they are benevolent partners trying to give us a helping hand.

If only you were still writing under your previous incarnation, this would have been a perfect opportunity to rename you wotshat

phillw

Rough_Justice wrote: »

As for Maplins well that is sad but really, have you visited a Maplin in the past year or so?

Yes and made a purchase.

Rough_Justice wrote: »

Toys R Us for example has seen problems globally, hence their bankruptcy in the USA & Canada; was that because of Brexit too, then?

Obviously the problems in the US are compounding the issue, but I don't think you can dismiss the effects that brexit is having on a lot of businesses due to the drop in sterling. Any business that is already struggling can't take that extra weight.

mrginge wrote: »

Ah yes. So when one side comes up with apparently unreasonable demands it!!!8217;s because they are incompetent chancers who haven!!!8217;t got a clue,

No, it just happens to be the case. The draft report is supposed to be a representation of what has already been agreed, at least according to the EU and Ireland. It seems either the UK government didn't know, or it's politically inconvenient that it's been publicised. After watching Bernard Jenkin last night I'd suspect it's all just a silly game they are playing.

Rough_Justice

Theophile wrote: »

And your credentials compare how exactly to those of Maplin's CEO?

Exactly the same as yours I suspect.
No, in fact mine are probably better since I at least am capable of knowing bullpoop when I see it.

Rinoa

Maplins were a badly run company who got what they deserved.
Nothing to do with Brexit whatsoever.

Maplins: TrustPilot Ratings

Excellent 25%
Great 11%
Average 7%
Poor 8%
Bad 49%

https://uk.trustpilot.com/review/www.maplin.co.uk

Rough_Justice

phillw wrote: »

Yes and made a purchase.



Obviously the problems in the US are compounding the issue, but I don't think you can dismiss the effects that brexit is having on a lot of businesses due to the drop in sterling. Any business that is already struggling can't take that extra weight.

Oh please.
It might come as news to you but the majority of companies are doing fine despite the same perceived problems.
Booming even, fancy that.

Hotel Chocolat; IAG; Persimmon; McColls; even Greggs, all reporting a rise in profits this past month.


Companies have been formed and gone again pretty much since the beginning of time.
Blaming either Toys R Us or Maplin on Brexit is no more than playing the blame game, for those that understand psychology. Any impact caused by Brexit will be minor compared to the underlying, true cause for their failure.

phillw

Rough_Justice wrote: »

Any impact caused by Brexit will be minor compared to the underlying, true cause for their failure.

You don't need to grand stand to make a subjective point about how much of an effect brexit had.

It had an effect. Neither of us know how much of an effect.

Companies posting profits doesn't prove anything. Some companies buy foreign currency years in advance and so have been sheltered from the sterling changes.

Rinoa

phillw wrote: »

You don't need to grand stand to make a subjective point about how much of an effect brexit had.

It had an effect. Neither of us know how much of an effect.

Companies posting profits doesn't prove anything. Some companies buy foreign currency years in advance and so have been sheltered from the sterling changes.

TrustPilot - one star out of 5

These reviews explain exactly why they went bust.

https://uk.trustpilot.com/review/www.maplin.co.uk

EDIT TO ADD:

TrustPilot for ToysRUs:

One star out of five - what a coincidence.

https://uk.trustpilot.com/review/www.toysrus.co.uk