C
Concrete guy
Exchange rates make a big difference. I've just put together our accounts and sent them to our accountant for the year end and for the last 12 months we've had to include a foreign Exchange Adjustment of £28,500.
Basically the uncertainty of the EU exit has cost us that much more to buy stock simply due to exchange rate fluctuation. That has more to do with import export than negotiating trade agreements.
We actually sell very little into the EU, Malta mostly, but we sell more worldwide than into the EU. Exports are still only 1% of our business though.
I see a leave vote putting us in a stronger position to be honest. No one is going to not trade with us because "we left their gang". If you look at the people all worried about leave they are politicians and multinationals that benefit from hefty cross border tax breaks.
Real British businesses are happy with the idea of out.
See the letter written to staff by boss of JCB firm Lord Bamford:- EU referendum: JCB chairman tells staff of Brexit support - BBC News
Or James Dyson:- EU referendum: Sir James Dyson says Britain better off out - BBC News
Following a leave vote there'll be 12 months of depressed exchange rates (meaning sterling is weak) bizarrely this makes exporting easier as it's cheaper for foreign customers to buy from us. So ironically we'd probably see an increase in export business.
A year or so down the line it will be business as normal and we will be setting our own stall out to trade openly with the whole world.
We'll also be able to pick and choose who comes in through the door from anywhere in the world not just 28 countries we currently have unlimited arrangements with.
I think when Dyson finally went public, it made my mind up.
Revealed: Secret plan to open our borders to 1.5m Turks
This sealed the deal for me.
They're crafty eh.
W
White Room
Long interesting read, didn't realise Farage was a commodity banker for 20 years.
C
Concrete guy
This is why politicians find it difficult to argue with him when it comes to financial matters, he really does understand the system in a way they never will.
The only financial matters politicians are interested in are the ones that they gain by. The companies that want to remain in, have these politicians in their back pockets, so they don't really have a choice but to do what their 'owners' tell them.
Oh, and just because Gordon 'prudence' Brown has been wheeled out for the Remain camp then that tells you all you need to know. We all know how he was going to stop 'boom and bust' of previous governments 😡
W
WetSaw
Even as one of them bloody foreigners I want out!
gamma38
TF
Leave leave leave, I have absolutely no idea why anyone wants to stay, the EU is a sinking ship if nothing else. If the votes are counted and we stay it has been rigged in my opinion. Out of everyone i ask i have only met 2 people who want to stay. How these so called polls have it pretty much neck and neck is beyond me.
I
Italy
Farage of the party, to the European parliament.
It is allied. with the movement. antonio is proud that give his vote. (5 stars movement)
It is allied. with the movement. antonio is proud that give his vote. (5 stars movement)
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