Consequences of Brexit [part 7] Read first post before posting

[apelike 10]

47 minutes ago, ez8004 said:

By acting on legislation already passed?

 

It’s called playing by the rules WE voted for. 

Err, no as the EU have from Jan this year stopped giving the UK carbon allowances or credits due to uncertainty about Brexit and it only applies to the UK.

 

3 minutes ago, Magilla said:

Aye, nothing to do with the slump in orders because customers have no idea what tarrifs they'll be paying when the order is delivered, or the weakness of sterling to buy the raw materials in the first place...

As above... 

Edited May 14, 2019 by apelike

[Magilla 510]

1 minute ago, apelike said:

As above... 

LOL, as above what?

 

If your raw materials go up 15% overnight and your customers have no idea what the price is going to be.... you're in trouble.

 

That's not a result of any EU carbon tax

 

[apelike 10]

24 minutes ago, Magilla said:

If your raw materials go up 15% overnight and your customers have no idea what the price is going to be.... you're in trouble.

Has the price of raw materials gone up 15% overnight  as its a bit of a stretch making out that it is the sole reason why. The main problem is shortage of funds compounded by the fact that revenue and credits from the carbon tax has not been forthcoming because it has been suspended by Brussels. £100M has been granted to British Steel from the government to help pay for the EU environmental scheme and talks are ongoing about another package of additional support.

[Bash Street 10]

1 hour ago, apelike said:

Has the price of raw materials gone up 15% overnight  as its a bit of a stretch making out that it is the sole reason why. The main problem is shortage of funds compounded by the fact that revenue and credits from the carbon tax has not been forthcoming because it has been suspended by Brussels. £100M has been granted to British Steel from the government to help pay for the EU environmental scheme and talks are ongoing about another package of additional support.

Have we left yet? Nice sig by the way but an unfortunate fact for the who wish to remain.

[tinfoilhat 11]

3 hours ago, apelike said:

Has the price of raw materials gone up 15% overnight  as its a bit of a stretch making out that it is the sole reason why. The main problem is shortage of funds compounded by the fact that revenue and credits from the carbon tax has not been forthcoming because it has been suspended by Brussels. £100M has been granted to British Steel from the government to help pay for the EU environmental scheme and talks are ongoing about another package of additional support.

Yes, straight after the refendum, raw materials did go up by 15% more or less overnight. The pound fell through the floor.

[apelike 10]

2 hours ago, Bash Street said:

Nice sig by the way but an unfortunate fact for the who wish to remain.

Unfortunate for some yes but that's all part and parcel of democracy in action. 

Edited May 14, 2019 by apelike

[apelike 10]

23 minutes ago, tinfoilhat said:

Yes, straight after the refendum, raw materials did go up by 15% more or less overnight. The pound fell through the floor.

I agree it lost some of its value, in fact it lost around 12% against the Euro and around 5% against the Dollar after the referendum but that does not mean that the latest news from British Steel is because the price of materials has just gone up 15% overnight. Some material costs have risen which was inevitable but some of those extra costs have also been absorbed by the suppliers themselves especially when it comes to food.

 

It was also agreed by both the  BoE and the IMF in Jan 2016 that the pound was moderately overvalued by around 5-15% which also has a baring on it value today.

[Lex Luthor 10]

On 03/05/2019 at 21:43, Longcol said:

The chance of Corbyn being elected PM on a hard brexit manifesto is zero.

And the chance of him being elected on a Remain or Second Referendum is zero. 

[Cyclone 10]

9 hours ago, apelike said:

I agree it lost some of its value, in fact it lost around 12% against the Euro and around 5% against the Dollar after the referendum but that does not mean that the latest news from British Steel is because the price of materials has just gone up 15% overnight. Some material costs have risen which was inevitable but some of those extra costs have also been absorbed by the suppliers themselves especially when it comes to food.

You think that BS buys in food and turns it into steel?

[Magilla 510]

15 hours ago, apelike said:

Has the price of raw materials gone up 15% overnight  as its a bit of a stretch making out that it is the sole reason why.

The majority of their raw materials are imported, 13% less today than the day of the referndum ($).

 

I didn't say that was the sole reason, merely that the main *reasons* were entirely Brexit related

 

Quote

The main problem is shortage of funds compounded by the fact that revenue and credits from the carbon tax has not been forthcoming because it has been suspended by Brussels. £100M has been granted to British Steel from the government to help pay for the EU environmental scheme and talks are ongoing about another package of additional support.

Which is of itself as a result of the failure that is Brexit and the total failure of Brexiteers to deliver on anything they promised!

 

All roads lead back to Brexit, no matter how much you try to convince yourself otherwise.

Edited May 15, 2019 by Magilla

[Lex Luthor 10]

11 minutes ago, Magilla said:

Since the majority of their raw material are imported and priced in dollars... what do you think?

 

I didn't say that was the sole reason, merely that the main *reasons* were entirely Brexit related

 

Which is of itself as a result of the failure that is Brexit and the total failure of Brexiteers to deliver on anything they promised!

 

All roads lead back to Brexit, no matter how much you try to convince yourself otherwise.

Brexiteers have not been able to deliver anything as Remainers have so far succeeded in their undemocratic attempts to scupper it. 

[L00b 441]

1 hour ago, Lex Luthor said:

Brexiteers have not been able to deliver anything as Remainers have so far succeeded in their undemocratic attempts to scupper it. 

That sounds very much like an excuse. Poor form, when Brexiteers have been in effective charge of government and Parliament for a good 3 years now. It wasn't the minority of Remainer MPs who blocked May's Brexit deal twice in a row. It wasn't May's Remainer Ministers who were in charge of negotiating Brexit.

 

Brexiteers have not been able to deliver anything, because they are not a homogenous group at all: they are heavily fragmented about which form of Brexit to pursue, and no Brexiteer sub-group agrees enough with the other(s) to achieve a political consensus garnering enough of a majority.

 

Brexit is still as much of an ill-conceived, bag-of-a-fag-packet notion today, as it ever was when UKIP was created so long ago. That's the fundamental problem with it.

Edited May 15, 2019 by L00b