UK Politics Thread |
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sausy
Jack Charlton MAYO FOR SAM Joined: 13 Jan 2009 Location: The local Status: Offline Points: 6970 |
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Been working on loans under the UK business bounce back scheme for the past couple of days. f**k me this is going to be a sh1t show in the future. Little to no credit assessment by the lenders as 100% guaranteed by the UK government. Who knows how easy or difficult it will be to call in the guarantee when a high percentage of these loans go bad.
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Bimbos Burgers - "Official Sponsor of the Irish Squad"
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Shedite
Jack Charlton Joined: 09 Dec 2011 Status: Offline Points: 9816 |
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But yeah, if it's 100% backed there's little incentive to repay, especially with the UK's more relaxed bankruptcy laws.
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sausy
Jack Charlton MAYO FOR SAM Joined: 13 Jan 2009 Location: The local Status: Offline Points: 6970 |
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Whatever about the banks friends or favoured customers there seems to be no credit application here at all. I've come across cases today where a business was declined a £1k credit card earlier this year but just got a £50k loan based on them self declaring that their turnover is >£200k PA (no idea if there'll be tax implications or not), just because the government are guaranteeing it!!
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Bimbos Burgers - "Official Sponsor of the Irish Squad"
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Roberto Baggio
Robbie Keane UNBELIEVABLE JEFF Joined: 28 Jan 2010 Status: Offline Points: 37308 |
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Johnson is totally brutal as a leader. Listened to some of his press conference there. He literally can barely string a coherent sentence together.
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Het-field
Roy Keane By Appointment to His Majesty The King Joined: 08 Mar 2016 Status: Online Points: 10582 |
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But his popularity and the Tory lead are plummeting, and at a time like this, it will be insanely hard to recover.
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Jackal
Liam Brady Joined: 14 Sep 2019 Status: Offline Points: 1353 |
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Nissan are closing their EU plant in Spain and investing in their non EU plant in the UK.
Edited by Jackal - 28 May 2020 at 7:30pm |
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Double Maxim
Robbie Keane Joined: 24 Sep 2008 Location: Sunderland Status: Offline Points: 42928 |
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Massive boost to the city of Sunderland. |
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Double Maxim without doubt the greatest drink in the world
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newrynyuk
Liam Brady Joined: 29 Mar 2010 Location: United Kingdom Status: Offline Points: 1556 |
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Why would they do that when it would mean huge tariffs on cars made in Sunderland sold in the EU?
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Double Maxim
Robbie Keane Joined: 24 Sep 2008 Location: Sunderland Status: Offline Points: 42928 |
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Double Maxim without doubt the greatest drink in the world
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Jackal
Liam Brady Joined: 14 Sep 2019 Status: Offline Points: 1353 |
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I'd say they know it'll all end up fine.
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deise316
Moderator Group Don't ask me about car warranty Joined: 11 Apr 2009 Location: The Déise Status: Offline Points: 10921 |
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The UK is still a decent sized market in itself and Renault (who are the ones calling the shots at Nissan) have likely figured out that with Honda withdrawing from UK manufacturing, their UK manufactured Nissans will probably be very competitively priced domestically V European rivals post Brexit. Toyota are still in the UK as well, while PSA (Peuegot, Citroen, Opel) mainly make commercial vehicles there, but other than that, any other global manufacturer in the UK is nearly all high end stuff, Jaguar/Land Rover, Mini (BMW), Rolls Royce, ie not really Nissan competitors. Global car platforms (same chassis for a variety of cars/vans) are now used by all manufacturers, so automotive plants can fairly easily be repurposed, ie that Nissan plant could also build Renaults or Mitsubishis for the UK market at some point in the future if the company deemed it profitable to do so, but it also means that some existing European Renault plants can be repurposed to build Nissan Qashqais instead of Sunderland, should the tariffs for exporting to the EU make those exports unprofitable for them. Behind the scenes, it probably wouldn't be too surprising if Nissan wrangled some concessions or other out of the UK government, especially being located in an area that suffers from high unemployment and has recently turned Tory. It's early to draw any conclusions, basically Nissan, Toyota and PSA have more or less entered into a holding pattern and committed to the UK for another 5 years or thereabouts, which is short term in the car manufacturing world. All those companies have multiple other factories in Europe to take up the slack in the future should Brexit prove financially unworkable for them. |
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Picked the wrong week to quit sniffing glue.....
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coyne
Paul McGrath Joined: 17 Aug 2013 Location: Sunderland Status: Offline Points: 15881 |
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Think you're thinking of the wrong city here, we're still Labour, not by much. It's something which is currently overlooked as a Brexit thing it really isn't, Nissan don't want to be in Europe anymore - They made a net loss of £5 billion last year - North America and Asia are their target audiences, a Qashqai is already being build in the UK, let's close the other European factory, a pretty simple decision making process! And because of Nissan's dim view on Europe it's safe to say they're just delaying the inevitable at this stage, unless Renault / Mitsubishi decide to have alternative interests in the UK, the problem with that is, Renault just cut 15,000 jobs on the same day so we must be seen as super cheap labour and a few backhanders from Boris for that to happen.
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Double Maxim
Robbie Keane Joined: 24 Sep 2008 Location: Sunderland Status: Offline Points: 42928 |
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Boris Johnson isn’t fit to lead | The Spectator @MIUI| https://www.spectator.co.uk/article/boris-johnson-isn-t-fit-to-lead/amp?__twitter_impression=true
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Double Maxim without doubt the greatest drink in the world
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Green Cockade
Liam Brady Joined: 22 Jan 2020 Location: Belfast Status: Offline Points: 2679 |
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I saw this. Surprising to see it in the Spectator given their political leanings and the position of Mary Wakefield ( DC's wife ) as commissioning editor there. The Spectator has been put in a bind due to her recent article contradicting significant elements of her husband's account of his recent adventures. They now have to print a justification re the accuracy of Mary's article and that will be more fun when it happens. The article about Bojo is certainly accurate. He has been truly awful now that he has been exposed to the job, it will all get a lot worse and the Tories will discard him in due course as they do not tolerate leaders who become liabilities. Cummings has become the story himself rather than " a Government source" peddling the narratives of his choice and his days are numbered. Daily Mail is saying he will be gone in six months and would be sooner if they didn't need him to navigate Brexit. If he does go within the year, don't bet on Johnson lasting any longer himself. Downing Street's Wizard Of Oz will no longer have a curtain to hide behind.
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Double Maxim
Robbie Keane Joined: 24 Sep 2008 Location: Sunderland Status: Offline Points: 42928 |
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Gove is the Daily Mails man for PM?
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Double Maxim without doubt the greatest drink in the world
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Green Cockade
Liam Brady Joined: 22 Jan 2020 Location: Belfast Status: Offline Points: 2679 |
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Certainly Gove would be their highest placed source ( via his wife Sarah Vine who is one of their columnists ).
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Double Maxim
Robbie Keane Joined: 24 Sep 2008 Location: Sunderland Status: Offline Points: 42928 |
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No surprise here
Cummings and Johnson evil geniuses? Hardly, just lazy and incompetent | Nick Cohen | Opinion | The Guardian @MIUI| https://www.theguardian.com/commentisfree/2020/may/30/dominic-cummings-boris-johnson-evil-geniuses-hardly-lazy-incompetent
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Double Maxim without doubt the greatest drink in the world
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Green Cockade
Liam Brady Joined: 22 Jan 2020 Location: Belfast Status: Offline Points: 2679 |
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Yeah, saw this one in yesterday's Observer, excellent article by Nick Cohen. The exposure of the lie Cummings told about the warning he claimed to have given on coronaviruses and the urgent need to plan for them should be enough to get anyone the sack. It took a fact checker in Cologne to reveal that the claim was bogus and that retrospective editing had been done on a blog.That aside, the bullsh*t about the eyesight testing and all the rest of it, and the arrogance of the twat holding court in the rose garden, has caused massive and lasting damage. The only Tory MPs that are not up in arms about it all are those on the Ministerial payroll ( but not all of them, even ) and a handful of sycophants who have an eye on promotion if they lick arse. Shocking series of misjudgements by Bojo and you do wonder just how much dirt Dom has got on him.
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