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The cost of Brexit


Bulletguy

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The cost of Brexit to the British economy is running at £40 billion a year and a damaging no-deal scenario could force an emergency cut in interest rates, according to a Bank of England rate-setter.

 

Gertjan Vlieghe, a member of the Bank’s monetary policy committee, said that since the vote in June 2016, the economy had lost 2% of GDP compared with a scenario where there had been no significant domestic economic events.

 

£800m a week. 8-)

 

Ever likely businesses have left as the wreckless damage continues.

 

https://www.independent.co.uk/news/business/news/brexit-cost-uk-economy-bank-of-england-jan-vlieghe-economist-a8779171.html

 

 

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Guest pelmetman

It's cost me £5.50 so far......for a IDP ;-) ...........

 

Which is £5.50 going to UK PLC B-) .......

 

Via the AA? :-S .....

 

 

 

 

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Bulletguy - 2019-02-15 6:10 PM

 

The cost of Brexit to the British economy is running at £40 billion a year and a damaging no-deal scenario could force an emergency cut in interest rates, according to a Bank of England rate-setter.

 

 

Well at least we CAN cut our interest rates ;-) ..........

 

Unlike the ECB >:-) ......

 

 

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Bulletguy - 2019-02-15 6:10 PM

 

Gertjan Vlieghe, a member of the Bank’s monetary policy committee, said that since the vote in June 2016, the economy had lost 2% of GDP compared with a scenario where there had been no significant domestic economic events.

 

 

With a name like that ;-) ...........He would say that wouldn't he (lol) (lol) (lol) ..........

 

 

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Bulletguy - 2019-02-15 6:37 PM

 

 

I see the asylum forgot to lock the door. *-)

 

It's a shame you can't treat matters more seriously as an adult. Your boyfriend has created a few more 'safe space' threads.....you should stick in those where you can cuddle and coo with each other.

 

Adult? :-S ........

 

You Remoaners haven't earn't that monica since June 2016 (lol) (lol) (lol) .......

 

 

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Regional airline Flybmi collapses blaming Brexit uncertainty

 

“Current trading and future prospects have also been seriously affected by the uncertainty created by the Brexit process, which has led to our inability to secure valuable flying contracts in Europe and lack of confidence around bmi’s ability to continue flying between destinations in Europe,” the airline said in a statement.

 

“Against this background, it has become impossible for the airline’s shareholders to continue their extensive programme of funding into the business".

 

376 jobs.......gone.

 

Well done Brexiteers.....yet another stunning 'achievement'.

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Bulletguy - 2019-02-16 11:25 PM

 

 

Regional airline Flybmi collapses blaming Brexit uncertainty

 

“Current trading and future prospects have also been seriously affected by the uncertainty created by the Brexit process, which has led to our inability to secure valuable flying contracts in Europe and lack of confidence around bmi’s ability to continue flying between destinations in Europe,” the airline said in a statement.

 

“Against this background, it has become impossible for the airline’s shareholders to continue their extensive programme of funding into the business".

 

376 jobs.......gone.

 

Well done Brexiteers.....yet another stunning 'achievement'.

 

12 days ago...........German airline collapses and cancels all flights

Company blames cash shortage on rising fuel prices, a stronger dollar and high maintenance costs

 

https://www.businesslive.co.za/bd/companies/2019-02-05-german-airline-collapses-and-cancels-all-flights/

 

Curiously they didn't blame Brexit? ;-) ..........

 

So just more anti Brexit Bulletsh*t from our resident Remoaner whinger *-) .............

 

 

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pelmetman - 2019-02-17 7:30 AM

 

Bulletguy - 2019-02-16 11:25 PM

 

 

Regional airline Flybmi collapses blaming Brexit uncertainty

 

“Current trading and future prospects have also been seriously affected by the uncertainty created by the Brexit process, which has led to our inability to secure valuable flying contracts in Europe and lack of confidence around bmi’s ability to continue flying between destinations in Europe,” the airline said in a statement.

 

“Against this background, it has become impossible for the airline’s shareholders to continue their extensive programme of funding into the business".

 

376 jobs.......gone.

 

Well done Brexiteers.....yet another stunning 'achievement'.

 

12 days ago...........German airline collapses and cancels all flights

Company blames cash shortage on rising fuel prices, a stronger dollar and high maintenance costs

 

https://www.businesslive.co.za/bd/companies/2019-02-05-german-airline-collapses-and-cancels-all-flights/

 

Curiously they didn't blame Brexit? ;-) ..........

I don't recall Germany voting in the UK referendum on Brexit....you're letting your peculiar Germanophobia cloud your mind again! Brexiters trilled about how Brexit would be good for Britain, even arch pro-Brexiter Dyson from his safe Singapore haven with the security of EU fta's.

 

FlyBmi's statement is very clear in that "future prospects have been seriously affected by the uncertainty created by the Brexit process", which was enough to tip them over the edge losing 376 jobs.

 

You cannot continue making excuses for the damage and mess your Brexit is creating or looking to shift blame....it's time you began taking a moral responsibility for the consequences your actions have brought about.

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747 - 2019-02-17 4:34 PM

 

A number of budget airlines across the World have collapsed in the last 6 months or so, some of them European.

 

https://www.flightglobal.com/news/articles/flights-cancelled-top-12-recent-airline-collapses-408853/

 

Sorry to burst your balloon.

 

If I don't win the National Lottery on Wednesday, I am going to blame it on Brexit. :->

Afraid that doesn't answer the question of if as some would have us believe, "Brexit will be good for Britain"....why so many businesses are leaving or going to the wall? It's not looking to be quite as good as you keep claiming it is it? The airline clearly stated 'Brexit uncertainty' made it impossible for them to let contracts that would keep them going financially so is this uncertainty what you welcome for businesses and employees?

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Bulletguy - 2019-02-17 5:25 PM

 

747 - 2019-02-17 4:34 PM

 

A number of budget airlines across the World have collapsed in the last 6 months or so, some of them European.

 

https://www.flightglobal.com/news/articles/flights-cancelled-top-12-recent-airline-collapses-408853/

 

Sorry to burst your balloon.

 

If I don't win the National Lottery on Wednesday, I am going to blame it on Brexit. :->

Afraid that doesn't answer the question of if as some would have us believe, "Brexit will be good for Britain"....why so many businesses are leaving or going to the wall? It's not looking to be quite as good as you keep claiming it is it? The airline clearly stated 'Brexit uncertainty' made it impossible for them to let contracts that would keep them going financially so is this uncertainty what you welcome for businesses and employees?

 

Ive just done a quote for a charity for about £15K worth of IT kit and software. Pre referendum before the pound tanked it would have been around £12-13K. With any luck they may secure funding for it but if its pre Brexit you can pretty much bet it will be way off the mark if its not ordered and paid for straight away as its all priced in dollars and euros so if it doesnt get ordered and paid for before we leave and there is a no deal Brexit it could rocket in price.. This happened in 2016. Ive actually discussed this in the proposal. Its not a huge amount in the great scheme of things but it could scupper the entire job.

 

As of today we have ships setting off for the far east and Australia that have no idea if they will be able to deliver their goods or what tariffs will be applied if they can.

 

this uncertainty is effecting everyone in business now from semi retired IT consultants to huge shipping conglomerates. It would be laughable if it wasnt so serious. If I had announced on here in 2016 that with just 40 days to go we would be no further forward with Brexit with no deal agreed, virtually no roll over deals in the bag and no idea of the direction we were going in I would have been laughed off the forum and declared insane.

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Barryd999 - 2019-02-17 5:38 PM

 

Bulletguy - 2019-02-17 5:25 PM

 

747 - 2019-02-17 4:34 PM

 

A number of budget airlines across the World have collapsed in the last 6 months or so, some of them European.

 

https://www.flightglobal.com/news/articles/flights-cancelled-top-12-recent-airline-collapses-408853/

 

Sorry to burst your balloon.

 

If I don't win the National Lottery on Wednesday, I am going to blame it on Brexit. :->

Afraid that doesn't answer the question of if as some would have us believe, "Brexit will be good for Britain"....why so many businesses are leaving or going to the wall? It's not looking to be quite as good as you keep claiming it is it? The airline clearly stated 'Brexit uncertainty' made it impossible for them to let contracts that would keep them going financially so is this uncertainty what you welcome for businesses and employees?

 

Ive just done a quote for a charity for about £15K worth of IT kit and software. Pre referendum before the pound tanked it would have been around £12-13K. With any luck they may secure funding for it but if its pre Brexit you can pretty much bet it will be way off the mark if its not ordered and paid for straight away as its all priced in dollars and euros so if it doesnt get ordered and paid for before we leave and there is a no deal Brexit it could rocket in price.. This happened in 2016. Ive actually discussed this in the proposal. Its not a huge amount in the great scheme of things but it could scupper the entire job.

 

As of today we have ships setting off for the far east and Australia that have no idea if they will be able to deliver their goods or what tariffs will be applied if they can.

 

this uncertainty is effecting everyone in business now from semi retired IT consultants to huge shipping conglomerates. It would be laughable if it wasnt so serious. If I had announced on here in 2016 that with just 40 days to go we would be no further forward with Brexit with no deal agreed, virtually no roll over deals in the bag and no idea of the direction we were going in I would have been laughed off the forum and declared insane.

Companies will simply pass any increases from tariffs onto customers no matter what the goods are. Anyone now ordering their new Porsche has to commit to signing a 10% surcharge in case of no deal. Ok that's Porsche but many other business will end up doing exactly the same.

https://www.theguardian.com/business/2019/feb/15/porsche-asks-uk-buyers-to-commit-to-10-no-deal-brexit-surcharge

 

As for import/exports it's going to affect all business both large and small.....have a listen to this guy; https://www.channel4.com/news/could-uk-exporters-be-hit-with-a-no-deal-brexit-premium

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Guest pelmetman
Bulletguy - 2019-02-17 2:19 PM

 

pelmetman - 2019-02-17 7:30 AM

 

Bulletguy - 2019-02-16 11:25 PM

 

 

Regional airline Flybmi collapses blaming Brexit uncertainty

 

“Current trading and future prospects have also been seriously affected by the uncertainty created by the Brexit process, which has led to our inability to secure valuable flying contracts in Europe and lack of confidence around bmi’s ability to continue flying between destinations in Europe,” the airline said in a statement.

 

“Against this background, it has become impossible for the airline’s shareholders to continue their extensive programme of funding into the business".

 

376 jobs.......gone.

 

Well done Brexiteers.....yet another stunning 'achievement'.

 

12 days ago...........German airline collapses and cancels all flights

Company blames cash shortage on rising fuel prices, a stronger dollar and high maintenance costs

 

https://www.businesslive.co.za/bd/companies/2019-02-05-german-airline-collapses-and-cancels-all-flights/

 

Curiously they didn't blame Brexit? ;-) ..........

I don't recall Germany voting in the UK referendum on Brexit....you're letting your peculiar Germanophobia cloud your mind again! Brexiters trilled about how Brexit would be good for Britain, even arch pro-Brexiter Dyson from his safe Singapore haven with the security of EU fta's.

 

FlyBmi's statement is very clear in that "future prospects have been seriously affected by the uncertainty created by the Brexit process", which was enough to tip them over the edge losing 376 jobs.

 

You cannot continue making excuses for the damage and mess your Brexit is creating or looking to shift blame....it's time you began taking a moral responsibility for the consequences your actions have brought about.

 

Why did Atlalia collapse in 2017 ;-) ..........Was it due to Brexit? >:-) .........

 

Face up to it Dumb Dumb........big business has always seen Brexit as a opportunity :-| .......

 

They were always going to bugger off anyway *-) .........

 

So the UK will leaner and meaner just as the world enters its next recession B-) ........

 

Progress eh? :D ..............

 

 

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Bulletguy - 2019-02-16 11:25 PM

 

 

Regional airline Flybmi collapses blaming Brexit uncertainty

 

“Current trading and future prospects have also been seriously affected by the uncertainty created by the Brexit process, which has led to our inability to secure valuable flying contracts in Europe and lack of confidence around bmi’s ability to continue flying between destinations in Europe,” the airline said in a statement.

 

“Against this background, it has become impossible for the airline’s shareholders to continue their extensive programme of funding into the business".

 

376 jobs.......gone.

 

Well done Brexiteers.....yet another stunning 'achievement'.

 

 

 

It's so easy for an incompetent management to blame Brexit rather than to accept their failings. *-)

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pelmetman - 2019-02-17 6:41 PM

 

Bulletguy - 2019-02-17 2:19 PM

 

pelmetman - 2019-02-17 7:30 AM

 

Bulletguy - 2019-02-16 11:25 PM

 

 

Regional airline Flybmi collapses blaming Brexit uncertainty

 

“Current trading and future prospects have also been seriously affected by the uncertainty created by the Brexit process, which has led to our inability to secure valuable flying contracts in Europe and lack of confidence around bmi’s ability to continue flying between destinations in Europe,” the airline said in a statement.

 

“Against this background, it has become impossible for the airline’s shareholders to continue their extensive programme of funding into the business".

 

376 jobs.......gone.

 

Well done Brexiteers.....yet another stunning 'achievement'.

 

12 days ago...........German airline collapses and cancels all flights

Company blames cash shortage on rising fuel prices, a stronger dollar and high maintenance costs

 

https://www.businesslive.co.za/bd/companies/2019-02-05-german-airline-collapses-and-cancels-all-flights/

 

Curiously they didn't blame Brexit? ;-) ..........

I don't recall Germany voting in the UK referendum on Brexit....you're letting your peculiar Germanophobia cloud your mind again! Brexiters trilled about how Brexit would be good for Britain, even arch pro-Brexiter Dyson from his safe Singapore haven with the security of EU fta's.

 

FlyBmi's statement is very clear in that "future prospects have been seriously affected by the uncertainty created by the Brexit process", which was enough to tip them over the edge losing 376 jobs.

 

You cannot continue making excuses for the damage and mess your Brexit is creating or looking to shift blame....it's time you began taking a moral responsibility for the consequences your actions have brought about.

 

Why did Atlalia collapse in 2017 ;-) ..........Was it due to Brexit? >:-) .........

Deflection alert.......again. *-)

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Guest pelmetman
Bulletguy - 2019-02-17 7:12 PM

 

pelmetman - 2019-02-17 6:41 PM

 

Bulletguy - 2019-02-17 2:19 PM

 

pelmetman - 2019-02-17 7:30 AM

 

Bulletguy - 2019-02-16 11:25 PM

 

 

Regional airline Flybmi collapses blaming Brexit uncertainty

 

“Current trading and future prospects have also been seriously affected by the uncertainty created by the Brexit process, which has led to our inability to secure valuable flying contracts in Europe and lack of confidence around bmi’s ability to continue flying between destinations in Europe,” the airline said in a statement.

 

“Against this background, it has become impossible for the airline’s shareholders to continue their extensive programme of funding into the business".

 

376 jobs.......gone.

 

Well done Brexiteers.....yet another stunning 'achievement'.

 

12 days ago...........German airline collapses and cancels all flights

Company blames cash shortage on rising fuel prices, a stronger dollar and high maintenance costs

 

https://www.businesslive.co.za/bd/companies/2019-02-05-german-airline-collapses-and-cancels-all-flights/

 

Curiously they didn't blame Brexit? ;-) ..........

I don't recall Germany voting in the UK referendum on Brexit....you're letting your peculiar Germanophobia cloud your mind again! Brexiters trilled about how Brexit would be good for Britain, even arch pro-Brexiter Dyson from his safe Singapore haven with the security of EU fta's.

 

FlyBmi's statement is very clear in that "future prospects have been seriously affected by the uncertainty created by the Brexit process", which was enough to tip them over the edge losing 376 jobs.

 

You cannot continue making excuses for the damage and mess your Brexit is creating or looking to shift blame....it's time you began taking a moral responsibility for the consequences your actions have brought about.

 

Why did Atlalia collapse in 2017 ;-) ..........Was it due to Brexit? >:-) .........

Deflection alert.......again. *-)

 

Deflection???? :-S .........

 

Perhaps that should be worded as "awkward question alert"........seeing as you fail frequently to have a answer :D .........

 

 

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Bulletguy - 2019-02-17 5:56 PM

 

Companies will simply pass any increases from tariffs onto customers no matter what the goods are. Anyone now ordering their new Porsche has to commit to signing a 10% surcharge in case of no deal. Ok that's Porsche but many other business will end up doing exactly the same.

 

Oh dear a Porsche buyer will need to pay another 10% :D ........

 

My heart pumps purple piss (lol) (lol) (lol) .........

 

 

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Bulletguy - 2019-02-17 5:56 PM

 

Barryd999 - 2019-02-17 5:38 PM

 

Bulletguy - 2019-02-17 5:25 PM

 

747 - 2019-02-17 4:34 PM

 

A number of budget airlines across the World have collapsed in the last 6 months or so, some of them European.

 

https://www.flightglobal.com/news/articles/flights-cancelled-top-12-recent-airline-collapses-408853/

 

Sorry to burst your balloon.

 

If I don't win the National Lottery on Wednesday, I am going to blame it on Brexit. :->

Afraid that doesn't answer the question of if as some would have us believe, "Brexit will be good for Britain"....why so many businesses are leaving or going to the wall? It's not looking to be quite as good as you keep claiming it is it? The airline clearly stated 'Brexit uncertainty' made it impossible for them to let contracts that would keep them going financially so is this uncertainty what you welcome for businesses and employees?

 

Ive just done a quote for a charity for about £15K worth of IT kit and software. Pre referendum before the pound tanked it would have been around £12-13K. With any luck they may secure funding for it but if its pre Brexit you can pretty much bet it will be way off the mark if its not ordered and paid for straight away as its all priced in dollars and euros so if it doesnt get ordered and paid for before we leave and there is a no deal Brexit it could rocket in price.. This happened in 2016. Ive actually discussed this in the proposal. Its not a huge amount in the great scheme of things but it could scupper the entire job.

 

As of today we have ships setting off for the far east and Australia that have no idea if they will be able to deliver their goods or what tariffs will be applied if they can.

 

this uncertainty is effecting everyone in business now from semi retired IT consultants to huge shipping conglomerates. It would be laughable if it wasnt so serious. If I had announced on here in 2016 that with just 40 days to go we would be no further forward with Brexit with no deal agreed, virtually no roll over deals in the bag and no idea of the direction we were going in I would have been laughed off the forum and declared insane.

Companies will simply pass any increases from tariffs onto customers no matter what the goods are. Anyone now ordering their new Porsche has to commit to signing a 10% surcharge in case of no deal. Ok that's Porsche but many other business will end up doing exactly the same.

https://www.theguardian.com/business/2019/feb/15/porsche-asks-uk-buyers-to-commit-to-10-no-deal-brexit-surcharge

 

As for import/exports it's going to affect all business both large and small.....have a listen to this guy; https://www.channel4.com/news/could-uk-exporters-be-hit-with-a-no-deal-brexit-premium

 

Trouble is with the example above its impossible to budget projects. So if your lining up funding now it could be meaningless in two months time. Nobody knows what stuff will cost or if there will be availability problems.

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Barryd999 - 2019-02-17 7:36 PM

 

Trouble is with the example above its impossible to budget projects. So if your lining up funding now it could be meaningless in two months time. Nobody knows what stuff will cost or if there will be availability problems.

 

So you are worried about companies who rely on the EU for getting some of OUR MONEY back *-) .......

 

Oh dear what a shame *-) ........

 

I never had any Damn EU meal ticket when I was in business >:-) .......

 

 

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pelmetman - 2019-02-17 7:20 PM

 

Bulletguy - 2019-02-17 7:12 PM

 

pelmetman - 2019-02-17 6:41 PM

 

Bulletguy - 2019-02-17 2:19 PM

 

pelmetman - 2019-02-17 7:30 AM

 

Bulletguy - 2019-02-16 11:25 PM

 

 

Regional airline Flybmi collapses blaming Brexit uncertainty

 

“Current trading and future prospects have also been seriously affected by the uncertainty created by the Brexit process, which has led to our inability to secure valuable flying contracts in Europe and lack of confidence around bmi’s ability to continue flying between destinations in Europe,” the airline said in a statement.

 

“Against this background, it has become impossible for the airline’s shareholders to continue their extensive programme of funding into the business".

 

376 jobs.......gone.

 

Well done Brexiteers.....yet another stunning 'achievement'.

 

12 days ago...........German airline collapses and cancels all flights

Company blames cash shortage on rising fuel prices, a stronger dollar and high maintenance costs

 

https://www.businesslive.co.za/bd/companies/2019-02-05-german-airline-collapses-and-cancels-all-flights/

 

Curiously they didn't blame Brexit? ;-) ..........

I don't recall Germany voting in the UK referendum on Brexit....you're letting your peculiar Germanophobia cloud your mind again! Brexiters trilled about how Brexit would be good for Britain, even arch pro-Brexiter Dyson from his safe Singapore haven with the security of EU fta's.

 

FlyBmi's statement is very clear in that "future prospects have been seriously affected by the uncertainty created by the Brexit process", which was enough to tip them over the edge losing 376 jobs.

 

You cannot continue making excuses for the damage and mess your Brexit is creating or looking to shift blame....it's time you began taking a moral responsibility for the consequences your actions have brought about.

 

Why did Atlalia collapse in 2017 ;-) ..........Was it due to Brexit? >:-) .........

Deflection alert.......again. *-)

 

Deflection???? :-S .........

 

Perhaps that should be worded as "awkward question alert"........seeing as you fail frequently to have a answer :D .........

Why do these matters continually need spelling out for you? It's like debating with the demented with you. This company, like others suffering similar fates, are British companies based in UK.....not companies in countries which had no part in the referendum. Now, whilst this company has been facing issues, Brexit has pushed it over the brink as is widely being reported and there is no disputing that so please stop trying to make out it had no bearing on it as you know damn well it certainly has.

 

Man up, start owning the sh1te you've created, and quit denying and playing whataboutery every time.

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pelmetman - 2019-02-17 7:44 PM

 

Barryd999 - 2019-02-17 7:36 PM

 

Trouble is with the example above its impossible to budget projects. So if your lining up funding now it could be meaningless in two months time. Nobody knows what stuff will cost or if there will be availability problems.

 

So you are worried about companies who rely on the EU for getting some of OUR MONEY back *-) .......

 

Oh dear what a shame *-) ........

 

I never had any Damn EU meal ticket when I was in business >:-) .......

 

 

Not EU funding Dave, that boats long sailed. Yes Im worried and yes its a shame as its a charity supporting 500 farms and rural businesses. Both it and those farms are under serious threat from Brexit and as a knock on effect all the businesses such as mine that supply those farms and the charity organisation.

 

Just one small example which will be replicated across the country.

 

How do you know you never had an EU meal ticket? How do you know that a business you served might not have had EU funding? I provided funding for hundreds of businesses from a wide range of funding sources including the EU but probably most of them had no idea where the money came from.

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