Cont: Brexit: Now What? Magic 8 Ball's up

[Vixen]

This looks to be the government's strategy, as reported by the GRAUNIAD:

The government has moved to rescue British Steel with a financial support package worth as much as £300m that ministers believe will be enough to secure backing from a private bidder.

It is understood that the Department for Business, Energy and Industrial Strategy (BEIS) has agreed to substantially increase support to bidders for British Steel, which employs more than 4,000 people, after months of wrangling following the company’s collapse into administration.

The rescue package will include beefed-up grants, indemnities and loans that could be worth as much as £300m, according to sources quoted by Sky News.

<snip>

The Turkish fund has offered to invest between £60m and £70m to take control of British Steel, according to sources.

Insiders told Sky News the funding would satisfy EU state aid rules, which Theresa May’s administration claimed prevented ministers from providing support to British Steel before it collapsed into insolvency in May.

 

[Vixen]

Everybody's turning Irish:

Number of applications for Irish passports from NI & GB continue to soar.

From GB
&#55357;&#56633;2014: 5,672
&#55357;&#56633;First 6 months of 2019: 31,099

From NI
&#55357;&#56633;2014: 18,067
&#55357;&#56633;first 6 months of 2019: 47,645

 

[The Atheist]

In a revelation that will probably surprise no-one Dominic Cummings, BoJo's crony and Brexit enforcer is a hypocrite.

Has there ever been a politician who wasn't?

 

[quadraginta]

Has there ever been a politician who wasn't?

See my sig.

...

...

...



Okay, so maybe 10% is a bit high.

 

[Jack by the hedge]

This looks to be the government's strategy, as reported by the GRAUNIAD:
<snip>

The Turkish fund has offered to invest between £60m and £70m to take control of British Steel, according to sources.

Wait, didn't the Leave side claim seventy million would be heading this way from Turkey if we remained in the EU?

Or was that something else?

 

[Arcade22]

Britons have spent £4bn stockpiling goods in preparation for a possible no-deal Brexit, new research suggests.

One in five people are already hoarding food, drinks and medicine, spending an extra £380 each, according to a survey by the finance provider Premium Credit. The survey found that about 800,000 people have spent more than £1,000 building up stockpiles before the 31 October Brexit deadline.

If the UK leaves with no deal, businesses predict there will be short-term supply problems, which the government says it is mitigating.

Similar research in the weeks leading up to the original deadline for the UK to leave the EU found that about 17% of the population had spent some money building up supplies, with a total stockpile spend calculated at £4.6bn ahead of the 31 March deadline.

https://www.theguardian.com/politic...n-stockpiling-goods-in-case-of-no-deal-brexit

How big is your hoard?

 

[Francesca R]

Glad to see this thread is now called "Brexit . . . balls-up"

 

[Tolls]

I see "tariffs and their effect on smuggling" can be added to the list of things some people don't understand.

 

[Dave Rogers]

If a firm is no longer an ongoing (profitable) concern it is legally obliged to wind up.

Banks aren't going to risk handing out loans except at high interest, which won't help a struggling firm.

The government is hardly going to give a loan to a firm that will struggle to pay it back when public funds are short already.

I expect the names of the companies on the 'secret list' are former nationalised industries, such as steel, railways and energy. May as well re-nationalise them if they are to receive subsidisation by the state (=the taxpayer).

Missing the point. Operation Kingfisher is not "Secret plans to put British firms into administration after a no-deal Brexit," as you described it; it is in fact a secret plan to assist British firms that are forced into administration by economic conditions resulting from Brexit.

Since we know that:

• Brexit will involve no downside, only a considerable upside;
• Any suggestion otherwise is disinformation generated by Project Fear;
• Multiple companies going into administration is clearly a downside; and,
• Michael Gove has announced this scheme;

Does that mean that we must now consider Michael Gove to be part of Project Fear?

Dave

 

[Archie Gemmill Goal]

Missing the point. Operation Kingfisher is not "Secret plans to put British firms into administration after a no-deal Brexit," as you described it; it is in fact a secret plan to assist British firms that are forced into administration by economic conditions resulting from Brexit.

Since we know that:

• Brexit will involve no downside, only a considerable upside;
• Any suggestion otherwise is disinformation generated by Project Fear;
• Multiple companies going into administration is clearly a downside; and,
• Michael Gove has announced this scheme;

Does that mean that we must now consider Michael Gove to be part of Project Fear?

Dave

Him being in charge of anything certainly scares me

 

[Delphic Oracle]

Business groups hit back over £36k migrant salary proposals

Priti Patel is getting an earful from all sides on this issue, it seems.

 

[Information Analyst]

Has there ever been a politician who wasn't?

Cummings is an "advisor," not an elected politician.

 

[quadraginta]

Business groups hit back over £36k migrant salary proposals

Priti Patel is getting an earful from all sides on this issue, it seems.

From the link;

A spokesperson for Khan said: “Far from raising the minimum salary threshold, the Mayor believes the government should instead be lowering it to £21,000 and welcoming the skilled migration that London, and the rest of the country, will desperately need post-Brexit.”

What kind of skills will a £21,000 salary attract in London?

 

[Archie Gemmill Goal]

From the link;

​

What kind of skills will a £21,000 salary attract in London?

Nurses for one.

https://www.payscale.com/research/UK/Job=Registered_Nurse_(RN)/Salary/682c8064/London

There is zero justification for the 36k figure. nor the ten grand it costs to get residency.

 

[The Don]

According to John Bolton, who met with Boris Johnson yesterday, the UK will definitely get a brilliant trade deal with the UK, on a sector by sector basis.

The UK is "first in line" for a trade deal with the US, President Trump's National Security Adviser has said.

John Bolton said the US supported a no-deal Brexit and added that Washington would propose an accelerated series of trade deals.

According to Mr Bolton, deals could be done on a "sector-by-sector" basis, with an agreement on manufacturing being agreed first.

His comments came after meeting Prime Minister Boris Johnson at No 10.

According to Mr Bolton, a bilateral agreement or "series of agreements" could be carved out "very quickly, very straight-forwardly".

https://www.bbc.co.uk/news/uk-49325620

Of course it will be quick and straight-forward if the UK simply accepts whatever terms the US offers

 

[The Don]

From the link;

​

What kind of skills will a £21,000 salary attract in London?

Is that the London minimum living wage ?

 

[a_unique_person]

According to John Bolton, who met with Boris Johnson yesterday, the UK will definitely get a brilliant trade deal with the UK, on a sector by sector basis.



https://www.bbc.co.uk/news/uk-49325620

Of course it will be quick and straight-forward if the UK simply accepts whatever terms the US offers

I thought a free trade agreement was just that. Where does line by line come into it?

 

[McHrozni]

Missing the point. Operation Kingfisher is not "Secret plans to put British firms into administration after a no-deal Brexit," as you described it; it is in fact a secret plan to assist British firms that are forced into administration by economic conditions resulting from Brexit.

Since we know that:

• Brexit will involve no downside, only a considerable upside;
• Any suggestion otherwise is disinformation generated by Project Fear;
• Multiple companies going into administration is clearly a downside; and,
• Michael Gove has announced this scheme;

Does that mean that we must now consider Michael Gove to be part of Project Fear?

Dave

What does it mean, "to be put under administration"? Government taking control of a firm on a temporary basis?

McHrozni

 

[The Don]

What does it mean, "to be put under administration"? Government taking control of a firm on a temporary basis?

McHrozni

No, an external administrator, typically someone with an accountancy background, is appointed to keep the business going until either an agreement can be made with the firm's creditors; which would allow the company to keep going as an ongoing concern; or for the business to be wound up and the maximum amount of money returned to creditors.

Entering administration isn't necessarily the death knell for a business but it's also not business as normal either.

https://www.companyrescue.co.uk/guides-knowledge/what-is/what-is-administration/

 

[Information Analyst]

From the link;

​

What kind of skills will a £21,000 salary attract in London?

There are lots of skilled roles in the NHS, civil service, education, etc., the starting salaries of which are between £21,000 and the current £36,000 threshold, even with a London uplift.