Off Topic Congratulations We're Out

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TC (Lovely Geezer) said:
No - They all want British goods <ok>
Click to expand...

What percentage of GDP is made up of manufacturing?
Has this share of GDP growing or shrinking over the last forty years?
Have you noticed how the manufacturing and industrial infrastructure has been more or less totally bulldozed since 1979 (Thatcher sold of the industry sites and now they are shopping and leisure destinations)?
What are consequences of globalization on all the historic "first world economies" manufacturing bases?

Moving onto financial services.
Are you going to suggest that pan European trading (Eurozone) will not be transferred to Frankfurt and paris?
 
chippy / glory said:
What percentage of GDP is made up of manufacturing?
Has this share of GDP growing or shrinking over the last forty years?
Have you noticed how the manufacturing and industrial infrastructure has been more or less totally bulldozed since 1979 (Thatcher sold of the industry sites and now they are shopping and leisure destinations)?
What are consequences of globalization on all the historic "first world economies" manufacturing bases?

Moving onto financial services.
Are you going to suggest that pan European trading (Eurozone) will not be transferred to Frankfurt and paris?
Click to expand...

Since about 45pc of all of UK manufactured goods are exported, the pound is critical. For more than a decade it was much too high. It is now at a very competitive level. This means that producing UK goods for export, and to replace imports, is more profitable than it has been since the period after we came out of the ERM in the early 1990s.

A damning Brexit success - thanks for that <cheers>
 
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TC (Lovely Geezer) said:
Since about 45pc of all of UK manufactured goods are exported, the pound is critical. For more than a decade it was much too high. It is now at a very competitive level. This means that producing UK goods for export, and to replace imports, is more profitable than it has been since the period after we came out of the ERM in the early 1990s.

A damning Brexit success - thanks for that <cheers>
Click to expand...

We import far more than we export and in the long run we will lose out. There is only ever a short term gain to a weak pound. But with growth about to stall because of Brexits actuality (not the speculator driven bubble of uncertainty) the BOE cant raise interest rates to combat it.

There is a perfect storm blowing in and you mad feckers are hoisting the sails instead of seeking shelter..
 
chippy / glory said:
We import far more than we export and in the long run we will lose out. There is only ever a short term gain to a weak pound. But with growth about to stall because of Brexits actuality (not the speculator driven bubble of uncertainty) the BOE cant raise interest rates to combat it.

There is a perfect storm blowing in and you mad feckers are hoisting the sails instead of seeking shelter..
Click to expand...


Growth about to stall?
Despite the fall in the sector's share of overall output, in absolute terms, the amount produced by the manufacturing sector has increased decade by decade.
It has only stalled in the low-value-added manufactured goods like textiles.
The output of the highly profitable chemicals industries was about 20pc higher last year than in 2012.
 
TC (Lovely Geezer) said:
What has that got to do with anything on this thread?

VW own Bentley.

Who owns VW?
Click to expand...

It had nothing to do with the thread till Chesh mentioned how successful Bentley are in Crewe in response to me pointing out how much of their manufacturing is offshore in the euro zone (I will get to that later). I am asking the questions for now.

Chesh is confused and I am going through them one at a time..

Correct VW owns Bentley.

Question 2.
Is VW a German company?
 
chippy / glory said:
It had nothing to do with the thread till Chesh mentioned how successful Bentley are in Crewe in response to me pointing out how much of their manufacturing is offshore in the euro zone (I will get to that later). I am asking the questions for now.

Chesh is confused and I am going through them one at a time..

Correct VW owns Bentley.

Question 2.
Is VW a German company?
Click to expand...

In name it is just as Bentley is a British Company in name.

VW ownership

24.9% Foreign institutional investors (predominantly UK and USA private pension investments)
16.4% Qatar Holding LLC
9.3% Private shareholders / others
3.0% German institutional investors
12.7% State of Lower Saxony
32.2% Porsche Automobil Holding SE
1.5% Porsche Holding GmbH, Salzburg

Question 3?
 
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TC (Lovely Geezer) said:
In name it is just as Bentley is a British Company in name.

VW ownership

24.9% Foreign institutional investors (predominantly UK and USA private pension investments)
16.4% Qatar Holding LLC
9.3% Private shareholders / others
3.0% German institutional investors
12.7% State of Lower Saxony
32.2% Porsche Automobil Holding SE
1.5% Porsche Holding GmbH, Salzburg

Question 3?
Click to expand...

Who are the state of Lower Saxony 12.7%
Porsche automobil holdings 32.2%
German institutional investors 3.0%
And do you think of the 9.3% of private investors more that 33% of them will be German?
Leaving the Porsche Austrian holding to one side even though they are just krauts with more money...
Can you count to 50?
 
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