hush Posted December 28, 2016 Share Posted December 28, 2016 (edited) .......... There was more good news this week. Or bad news if you are desperate to paint a picture of the UK in terrible decline following the Brexit vote. Last month UK car production was 13% up on the same period last year. The 11 month figure to November was already higher than for the whole year in 2015. Production in 2016 is 1.6 million vehicles with a months figures still to come in. Much of this increase was because of the lower exchange rate which allowed the UK manufacturers to increase exports by 12.5%. However UK sales of UK built cars were also up by 14%. It seems that despite claims on here that a 10% tariff would not put off UK buyers from buying cars from the EU, a small hike in prices due to the exchange rates has shown that to be a lie. It has however shown that the UK manufacturers are capable of stepping up to the mark to fill the void. Edited December 28, 2016 by hush Link to comment Share on other sites More sharing options...
Gamston Posted December 28, 2016 Share Posted December 28, 2016 Breaking News....... FTSE 100 closes at all time high. Link to comment Share on other sites More sharing options...
gomgeg Posted December 28, 2016 Share Posted December 28, 2016 There was more good news this week. Or bad news if you are desperate to paint a picture of the UK in terrible decline following the Brexit vote. Last month UK car production was 13% up on the same period last year. The 11 month figure to November was already higher than for the whole year in 2015. Production in 2016 is 1.6 million vehicles with a months figures still to come in. Much of this increase was because of the lower exchange rate which allowed the UK manufacturers to increase exports by 12.5%. However UK sales of UK built cars were also up by 14%. It seems that despite claims on here that a 10% tariff would not put off UK buyers from buying cars from the EU, a small hike in prices due to the exchange rates has shown that to be a lie. It has however shown that the UK manufacturers are capable of stepping up to the mark to fill the void. Excellent news once more,that's an extra pint for me tonight to celebrate. A lot of economists have been saying that the pound was overvalued anyhow, and the reduction can only help exports. On a personal note, we've been to Spain a couple of times since the referendum and even taking into account the devaluation things are still much cheaper there for holiday makers. Link to comment Share on other sites More sharing options...
El Cid Posted December 28, 2016 Share Posted December 28, 2016 Breaking News....... FTSE 100 closes at all time high. The FTSE 250 is roundabout the same level it was in May 2015 Link to comment Share on other sites More sharing options...
I1L2T3 Posted December 28, 2016 Share Posted December 28, 2016 Breaking News....... FTSE 100 closes at all time high. What is the significance of that Link to comment Share on other sites More sharing options...
El Cid Posted December 28, 2016 Share Posted December 28, 2016 What is the significance of that Shouldnt it be at an all time high every six months or so? Link to comment Share on other sites More sharing options...
LeMaquis Posted December 28, 2016 Share Posted December 28, 2016 Breaking News....... FTSE 100 closes at all time high. The FTSE is high because of the fall in value of sterling. A lot of FTSE 100 companies are foreign and are valued in foreign currencies which now buy more sterling due to its weakness. Try again. ---------- Post added 28-12-2016 at 19:55 ---------- Only a handful of morons would think the NHS is going to get £350m a week additional funding. You got a couple of links to posts by these morons? "Michael Gove, a leading Brexit campaigner, has renewed his argument that economic experts need to be challenged and defended the Vote Leave slogan from the referendum campaign, saying that the NHS will get £350m a week after the UK leaves the EU." We both agree Gove is a moron;. https://www.theguardian.com/politics/2016/dec/28/brexit-campaigner-michael-gove-defends-nhs-funding-pledge Link to comment Share on other sites More sharing options...
ez8004 Posted December 28, 2016 Share Posted December 28, 2016 Another point is the EU are going to lose the massive contributions the UK make to the EU budget and it wouldn't make any financial sense, for the EU to make it harder for the remaining EU members to export to the World's 5th largest economy and lose even more UK money as a consequence of BREXIT. We are not the 5th largest economy in the world. Go try again. The contributions the UK makes to the EU is not the overriding factor in determining whether or not the EU will give us what we want. You are obviously so narrow minded that you can't see the biggest threat we have to our economy. We are in huge danger of losing London's status as the European financial capital of Europe. For starters, the London Stock Exchange is owned by the Germans. So come Brexit where do you think they will move the majority of transactions to? Frankfurt maybe? Have we been guaranteed that London will keep its financial passport? How influential do you think our need for German cars really is? If I was an astute European, I would take a hit on the automotive market and take London's financial business to Frankfurt. Both the EU economy and ours would suffer, but we would do so for longer and harder. Link to comment Share on other sites More sharing options...
I1L2T3 Posted December 28, 2016 Share Posted December 28, 2016 And there I was thinking that Renault and Citreon sell us hundreds of thousands of cars and the French sell us 1/6 of their total wine production.The same is pretty much the case with Spain & Italy. But they won't miss that!!!!!!. Our bargaining position is very strong indeed. As the EU struggles to make any trade deals outside of the EU the UK trade is very difficult to replace. The UK on the other hand would have a huge void caused by the EU not being able to trade with us and our own industries would have to increase output to fill that gap. We will also be free to trade with nations where previously the eu had barriers. As for the EU countries continuing to trade despite tariffs. Why would that happen. We can and already do buy cars from outside the EU and we buy wine from places like Australia and Chile. The price of those imports will drop once we are free to drop the EU tariffs currently in place. I know you will find this depressing but we are extremely happy that we are getting out of the EU. Your depression and desperation to paint doom and gloom is your problem and one where you might one day think about taking advice. They will still sell us those things, even with WTO rules in place. Nobody is saying that trade with those countries is either somehow switched on or off completely, except those who advocate Brexicide I guess. The problem with the idea of complete removal of tariffs is you have to have something to sell in return, and have to hope that those countries that you enter into tariff-free trade with don't have like-for-like industries that will flood our domestic markets and kill our industries off. Invite countries like China in on those terms and it is potentially the end for millions of jobs. As for the personal attack (in bold) my advice is to refrain from that and abide with the forum T&Cs ---------- Post added 28-12-2016 at 20:13 ---------- Shouldnt it be at an all time high every six months or so? It's the traditional Xmas rally. Happens every year. Link to comment Share on other sites More sharing options...
Gamston Posted December 28, 2016 Share Posted December 28, 2016 The FTSE is high because of the fall in value of sterling. A lot of FTSE 100 companies are foreign and are valued in foreign currencies which now buy more sterling due to its weakness. Try again. Ok, so the day after the referendum vote, when shares fell sharply and so called experts, feared the value of shares would continue to fall and billions would be wiped of the FTSE top 100 shares, affecting peoples pensions as consequence of the referendum result, proved to be nothing more than scaremongering, because everyone really knew the same shares would close at a record high by the end of the year. Link to comment Share on other sites More sharing options...
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