Around 30 Labour MPs are set to back May's deal according to reports this morning.
If we end up with No Deal in November I think a second EU referendum is more likely than not before the Brexit date of the end of March 2019 and Remain would likely win it
Voting down the deal would put the country on very dangerous and uncertain ground now.
anything could happen from No-Deal to No Brexit at all, and anyone which says they know what would happen is either an idiot or lying.
No Deal of course being the most obvious route to No Brexit at all
Pretty much. There's no way parliment, or a signifigant majorty of MPs on both sides which would accept no deal.
Unless we end up there by default as time runs out, which is a possibility.
I think that if No-Deal becomes imminent - say we reach February with the current paralysis continuing - then realpolitik will kick in and Brexit will be put on "Hold". No Deal has too many downsides for both us and the EU.
In theory yes. But it only takes 'something' or someone to say 'Nope, March it is, you're out' and we crash out, either on their side, or on ours. Who knows who the PM would be then or what they would say or do, let alone the EU27.
Even if it's a 10/20/30% chance, it's a risk.
Everything is a risk
This place is PoliticalBetting, not politicalcertainty.com
Shh. You'll upset HYUFD.
Current polling indicates that HYFUD will not get upset.
Not true. If Tony Blair had implemented transition controls in 2004 then HYUFD would not have been upset and we would not be where we are now.
Around 30 Labour MPs are set to back May's deal according to reports this morning.
If we end up with No Deal in November I think a second EU referendum is more likely than not before the Brexit date of the end of March 2019 and Remain would likely win it
Voting down the deal would put the country on very dangerous and uncertain ground now.
anything could happen from No-Deal to No Brexit at all, and anyone which says they know what would happen is either an idiot or lying.
No Deal of course being the most obvious route to No Brexit at all
Pretty much. There's no way parliment, or a signifigant majorty of MPs on both sides which would accept no deal.
Unless we end up there by default as time runs out, which is a possibility.
I think that if No-Deal becomes imminent - say we reach February with the current paralysis continuing - then realpolitik will kick in and Brexit will be put on "Hold". No Deal has too many downsides for both us and the EU.
In theory yes. But it only takes 'something' or someone to say 'Nope, March it is, you're out' and we crash out, either on their side, or on ours. Who knows who the PM would be then or what they would say or do, let alone the EU27.
Even if it's a 10/20/30% chance, it's a risk.
Everything is a risk
This place is PoliticalBetting, not politicalcertainty.com
Shh. You'll upset HYUFD.
Current polling indicates that HYFUD will not get upset.
Not true. If Tony Blair had implemented transition controls in 2004 then HYUFD would not have been upset and we would not be where we are now.
Around 30 Labour MPs are set to back May's deal according to reports this morning.
If we end up with No Deal in November I think a second EU referendum is more likely than not before the Brexit date of the end of March 2019 and Remain would likely win it
Voting down the deal would put the country on very dangerous and uncertain ground now.
anything could happen from No-Deal to No Brexit at all, and anyone which says they know what would happen is either an idiot or lying.
No Deal of course being the most obvious route to No Brexit at all
Pretty much. There's no way parliment, or a signifigant majorty of MPs on both sides which would accept no deal.
Unless we end up there by default as time runs out, which is a possibility.
I think that if No-Deal becomes imminent - say we reach February with the current paralysis continuing - then realpolitik will kick in and Brexit will be put on "Hold". No Deal has too many downsides for both us and the EU.
The real reason that the establishment are desperate to avoid No Deal is because it will be a success. If the World does not end after all (and apart from a few hairy weeks it will be fine), there will be no way that the UK will ever rejoin or even realign with the EU, and plenty of EU members will start thinking that they can do the same and leave.
The risk in No Deal is not the economic risk, it is the political fallout. It calls the pro-EU bluff once and for all and they are terrified that their endless fear campaigns will be exposed for the utter nonense that it has always been.
Whatever the dreams of remainers, if May’s deal is defeated it will be no deal. The HOC is not going to be able to do anything about it.
A no deal without any kind of good will or grandfathering process for all the international agreements and treaties that we are party to due to our membership of the EU would be deeply traumatic.
Around 30 Labour MPs are set to back May's deal according to reports this morning.
If we end up with No Deal in November I think a second EU referendum is more likely than not before the Brexit date of the end of March 2019 and Remain would likely win it
Voting down the deal would put the country on very dangerous and uncertain ground now.
anything could happen from No-Deal to No Brexit at all, and anyone which says they know what would happen is either an idiot or lying.
No Deal of course being the most obvious route to No Brexit at all
Pretty much. There's no way parliment, or a signifigant majorty of MPs on both sides which would accept no deal.
Unless we end up there by default as time runs out, which is a possibility.
I think that if No-Deal becomes imminent - say we reach February with the current paralysis continuing - then realpolitik will kick in and Brexit will be put on "Hold". No Deal has too many downsides for both us and the EU.
In theory yes. But it only takes 'something' or someone to say 'Nope, March it is, you're out' and we crash out, either on their side, or on ours. Who knows who the PM would be then or what they would say or do, let alone the EU27.
Even if it's a 10/20/30% chance, it's a risk.
Everything is a risk
This place is PoliticalBetting, not politicalcertainty.com
Shh. You'll upset HYUFD.
Current polling indicates that HYFUD will not get upset.
Not true. If Tony Blair had implemented transition controls in 2004 then HYUFD would not have been upset and we would not be where we are now.
Ok, you win.
PB proves that the universe is deterministic. However, we still haven't traced the problem back to its root cause: Fatcha. She obviously did *something* that has inevitably led to Brexit.
If the City types who voted Remain still get to move to Europe for work, while the people who work locally and voted Leave don't... isn't that a nice outcome?
No. Those Leave voters are going to miss out on my tax revenues.
They won’t be happy when the government has to stop their working tax credits.
"working"
It’ll make them poorer.
They’ll moan.
Chavland places like Essex will riot and cause tens of pounds worth of damage.
I very much doubt it.
As I said, the type of people who are in favour of FoM still pretty much have it. The type that aren't, don't... and aren't bothered. Everyone's a winner
Around 30 Labour MPs are set to back May's deal according to reports this morning.
If we end up with No Deal in November I think a second EU referendum is more likely than not before the Brexit date of the end of March 2019 and Remain would likely win it
Voting down the deal would put the country on very dangerous and uncertain ground now.
anything could happen from No-Deal to No Brexit at all, and anyone which says they know what would happen is either an idiot or lying.
No Deal of course being the most obvious route to No Brexit at all
Pretty much. There's no way parliment, or a signifigant majorty of MPs on both sides which would accept no deal.
Unless we end up there by default as time runs out, which is a possibility.
I think that if No-Deal becomes imminent - say we reach February with the current paralysis continuing - then realpolitik will kick in and Brexit will be put on "Hold". No Deal has too many downsides for both us and the EU.
I am not sure that’s true. No deal has been on the table for a while.
AT the moment there is a prospect that a deal will be reached. If we get to the New Year with nothing agreed, it will be DefCon 1 in certain Committee Rooms both here and in Brussels (not to mention numerous businesses)
It doesn't, really. It will be entirely to do with Brexit. I'm not going to post my CV to support this though so we're back to anonymous people on the internet make differing claims
There's no political leverage for Airbus operations in the UK anymore. So all other things being equal the UK would lose future investment to France and Germany. Obviously you don't just close working plant, and sure Brexit might have some impact, but the biggest change is the fact that there's no UK government or UK business stake in Airbus. With the MOD increasingly leaning towards choosing US kit there's even less reason to be based here.
Will Brexit get the blame? For sure, but politics and diplomacy has always played a large part in aerospace and defence manufacturing, and you can be damn sure that the French and German goverments will weigh in when Airbus makes future investment choices.
Around 30 Labour MPs are set to back May's deal according to reports this morning.
If we end up with No Deal in November I think a second EU referendum is more likely than not before the Brexit date of the end of March 2019 and Remain would likely win it
Voting down the deal would put the country on very dangerous and uncertain ground now.
anything could happen from No-Deal to No Brexit at all, and anyone which says they know what would happen is either an idiot or lying.
No Deal of course being the most obvious route to No Brexit at all
Pretty much. There's no way parliment, or a signifigant majorty of MPs on both sides which would accept no deal.
Unless we end up there by default as time runs out, which is a possibility.
I think that if No-Deal becomes imminent - say we reach February with the current paralysis continuing - then realpolitik will kick in and Brexit will be put on "Hold". No Deal has too many downsides for both us and the EU.
The real reason that the establishment are desperate to avoid No Deal is because it will be a success. If the World does not end after all (and apart from a few hairy weeks it will be fine), there will be no way that the UK will ever rejoin or even realign with the EU, and plenty of EU members will start thinking that they can do the same and leave.
The risk in No Deal is not the economic risk, it is the political fallout. It calls the pro-EU bluff once and for all and they are terrified that their endless fear campaigns will be exposed for the utter nonense that it has always been.
Whatever the dreams of remainers, if May’s deal is defeated it will be no deal. The HOC is not going to be able to do anything about it.
A no deal without any kind of good will or grandfathering process for all the international agreements and treaties that we are party to due to our membership of the EU would be deeply traumatic.
If the City types who voted Remain still get to move to Europe for work, while the people who work locally and voted Leave don't... isn't that a nice outcome?
No. Those Leave voters are going to miss out on my tax revenues.
They won’t be happy when the government has to stop their working tax credits.
"working"
It’ll make them poorer.
They’ll moan.
Chavland places like Essex will riot and cause tens of pounds worth of damage.
I very much doubt it.
As I said, the type of people who are in favour of FoM still pretty much have it. The type that aren't, don't... and aren't bothered. Everyone's a winner
I wonder how many C2DEs are mobile in the international sense. ONS data shows UK expats immigrants are still mostly concentrated in the Anglosphere, but doesn't break those figures down beyond kids/adults/retirees.
The Bangkok visit on Invincible remains the gold standard. The aftermath involved the Captain and some briefcase wanker from the British embassy attending a meeting with Thai police where no coffee was served. I had a note that read "stole a tuk-tuk" permanently affixed to my file which is the only reason I never became 1st Sea Lord.
That is the most SeanT comment never to have been posted by SeanT.
If the City types who voted Remain still get to move to Europe for work, while the people who work locally and voted Leave don't... isn't that a nice outcome?
No. Those Leave voters are going to miss out on my tax revenues.
They won’t be happy when the government has to stop their working tax credits.
"working"
It’ll make them poorer.
They’ll moan.
Chavland places like Essex will riot and cause tens of pounds worth of damage.
I very much doubt it.
As I said, the type of people who are in favour of FoM still pretty much have it. The type that aren't, don't... and aren't bothered. Everyone's a winner
I wonder how many C2DEs are mobile in the international sense. ONS data shows UK expats immigrants are still mostly concentrated in the Anglosphere, but doesn't break those figures down beyond kids/adults/retirees.
Does a week each year all-inclusive in Magaluf count?
Around 30 Labour MPs are set to back May's deal according to reports this morning.
If we end up with No Deal in November I think a second EU referendum is more likely than not before the Brexit date of the end of March 2019 and Remain would likely win it
Voting down the deal would put the country on very dangerous and uncertain ground now.
anything could happen from No-Deal to No Brexit at all, and anyone which says they know what would happen is either an idiot or lying.
No Deal of course being the most obvious route to No Brexit at all
Pretty much. There's no way parliment, or a signifigant majorty of MPs on both sides which would accept no deal.
Unless we end up there by default as time runs out, which is a possibility.
I think that if No-Deal becomes imminent - say we reach February with the current paralysis continuing - then realpolitik will kick in and Brexit will be put on "Hold". No Deal has too many downsides for both us and the EU.
In theory yes. But it only takes 'something' or someone to say 'Nope, March it is, you're out' and we crash out, either on their side, or on ours. Who knows who the PM would be then or what they would say or do, let alone the EU27.
Even if it's a 10/20/30% chance, it's a risk.
Everything is a risk
This place is PoliticalBetting, not politicalcertainty.com
Shh. You'll upset HYUFD.
Current polling indicates that HYFUD will not get upset.
Not true. If Tony Blair had implemented transition controls in 2004 then HYUFD would not have been upset and we would not be where we are now.
It doesn't, really. It will be entirely to do with Brexit. I'm not going to post my CV to support this though so we're back to anonymous people on the internet make differing claims
There's no political leverage for Airbus operations in the UK anymore.
14,000 direct jobs, and probably 5 times that number supported in the supply and services base, makes for a great deal of leverage.
If the City types who voted Remain still get to move to Europe for work, while the people who work locally and voted Leave don't... isn't that a nice outcome?
No. Those Leave voters are going to miss out on my tax revenues.
They won’t be happy when the government has to stop their working tax credits.
"working"
It’ll make them poorer.
They’ll moan.
Chavland places like Essex will riot and cause tens of pounds worth of damage.
I very much doubt it.
As I said, the type of people who are in favour of FoM still pretty much have it. The type that aren't, don't... and aren't bothered. Everyone's a winner
I wonder how many C2DEs are mobile in the international sense. ONS data shows UK expats immigrants are still mostly concentrated in the Anglosphere, but doesn't break those figures down beyond kids/adults/retirees.
I don't know.
If we accept the premise that the Leave vote was inspired by hatred of foreigners and a dislike of the London-centric focus, while Remainers are open minded internationalists, then City jobs going abroad and fewer EU nationals coming to the UK is just fine, who's moaning?
O/T, Cruz is now up 9% in the latest Quinnipiac poll. It's very hard to see a path now, by which the Democrats can take the Senate.
And Heitkamp’s numbers looking pretty awful in ND, too. The attempt effectively to disenfranchise around 6% of the population that one might assume would favour her can’t help much, either.
The obvious answer to the Brexit issue has always been bloody obvious.
Join EFTA. Stray in the EEA. Do a customs deal.
We impose Freedom of Movement Restrictions - a "New" "Win" despite being what we already could have done We retain Free Trade having negotiated (as part of the EU) the best deals possible We regain independence on Agriculture and Fishing, which we use to catapult a self-sustainability model for food
Just get on and do the thing. If that means May gets torn apart by Tory loons who then get booted out all the better.
The obvious answer to the Brexit issue has always been bloody obvious.
Join EFTA. Stray in the EEA. Do a customs deal.
We impose Freedom of Movement Restrictions - a "New" "Win" despite being what we already could have done We retain Free Trade having negotiated (as part of the EU) the best deals possible We regain independence on Agriculture and Fishing, which we use to catapult a self-sustainability model for food
Just get on and do the thing. If that means May gets torn apart by Tory loons who then get booted out all the better.
This is still cakeist because the "customs deal" and the "independence on agriculture" bring us straight back to the issues that the DUP is exploding over.
Those auditors might have some questions to answer...
The CMA is planning an investigation of the big four, and "defective audits" was one of the things they are most concerned about.
Speaking as an auditor (not on the same scale at all as the big four) it's just too f**king complicated for anyone to really understand, and for the Big guys, they focus on the assurance and consulting which makes them the money, not the audit, which is almost a loss-leader for them.
O/T, Cruz is now up 9% in the latest Quinnipiac poll. It's very hard to see a path now, by which the Democrats can take the Senate.
And Heitkamp’s numbers looking pretty awful in ND, too. The attempt effectively to disenfranchise around 6% of the population that one might assume would favour her can’t help much, either.
Several polls are showing the Rep incumbent slightly up in Nevada. Could be looking at Rep gains in the Senate (but losses in the house)
Great article from John Harris in the Guardian about Doncaster and the impact of Amazon and the warehouse economy.
"Once, it was a byword for coalmining. When the pits shut, it was pushed towards the kind of chain-store retailing that defined a strangely circular economic model, in which people worked in shops to spend money in other shops. Now, as it embraces the new world of warehousing and “logistics”, one question screams out for an answer: what is going to happen to its town centre?"
The line about "working in shops to spend money in other shops" really struck me as defining the insanity of large parts of UK economy for the past 40 or so years, particularly the post industrial North.
Great article from John Harris in the Guardian about Doncaster and the impact of Amazon and the warehouse economy.
"Once, it was a byword for coalmining. When the pits shut, it was pushed towards the kind of chain-store retailing that defined a strangely circular economic model, in which people worked in shops to spend money in other shops. Now, as it embraces the new world of warehousing and “logistics”, one question screams out for an answer: what is going to happen to its town centre?"
The line about "working in shops to spend money in other shops" really struck me as defining the insanity of large parts of UK economy for the past 40 or so years, particularly the post industrial North.
In the South it’s “expropriating former communist state assets to spend in the shops” ?
Great article from John Harris in the Guardian about Doncaster and the impact of Amazon and the warehouse economy.
"Once, it was a byword for coalmining. When the pits shut, it was pushed towards the kind of chain-store retailing that defined a strangely circular economic model, in which people worked in shops to spend money in other shops. Now, as it embraces the new world of warehousing and “logistics”, one question screams out for an answer: what is going to happen to its town centre?"
The line about "working in shops to spend money in other shops" really struck me as defining the insanity of large parts of UK economy for the past 40 or so years, particularly the post industrial North.
The brutal question is 'why do we need town centres at all?'
Apart from lesiure (and thats questionable) we really don't anymore.
Cash and cash equivalents +28,840,000; Total liabilities +6,944,000; Net cash generated from operating activities +11,871,000
OK So they do have "some" 'intangibles' but strip them out and the company's ratios still look great.
Yep, something has gone, very very wrong. If they have cash, they should be able to keep trading. If they can't then where exactly has the money gone?
Even if they discovered a liability or wrote down some assets the cash should still be there,
It's pretty obvious they don't have £28m in cash.
As numerous commentators pointed out, their income receipts show a return of just £1,000 on cash whereas (apparently) 1% or so would be expected, i.e. £280,000.
Great article from John Harris in the Guardian about Doncaster and the impact of Amazon and the warehouse economy.
"Once, it was a byword for coalmining. When the pits shut, it was pushed towards the kind of chain-store retailing that defined a strangely circular economic model, in which people worked in shops to spend money in other shops. Now, as it embraces the new world of warehousing and “logistics”, one question screams out for an answer: what is going to happen to its town centre?"
The line about "working in shops to spend money in other shops" really struck me as defining the insanity of large parts of UK economy for the past 40 or so years, particularly the post industrial North.
The brutal question is 'why do we need town centres at all?'
Apart from lesiure (and thats questionable) we really don't anymore.
O/T, Cruz is now up 9% in the latest Quinnipiac poll. It's very hard to see a path now, by which the Democrats can take the Senate.
And Heitkamp’s numbers looking pretty awful in ND, too. The attempt effectively to disenfranchise around 6% of the population that one might assume would favour her can’t help much, either.
Several polls are showing the Rep incumbent slightly up in Nevada. Could be looking at Rep gains in the Senate (but losses in the house)
Long way to go to November. The odds against are pretty steep, but I’m not yet completely writing off even Heitkamp.
It is surprising how many people either forget that or do not seem to understand it. A bump in the CashFlow can bring any business to its knees.
It's an old concept, but 'cocooning' is certainly a key trend in our social circle. Why go out and endure slothful service and indifferent food? Watching Netflix with some beautiful home made food, hanging out online while enjoying the family is cheaper and more interesting. If we're going to eat out, it has to be special.
Great article from John Harris in the Guardian about Doncaster and the impact of Amazon and the warehouse economy.
"Once, it was a byword for coalmining. When the pits shut, it was pushed towards the kind of chain-store retailing that defined a strangely circular economic model, in which people worked in shops to spend money in other shops. Now, as it embraces the new world of warehousing and “logistics”, one question screams out for an answer: what is going to happen to its town centre?"
The line about "working in shops to spend money in other shops" really struck me as defining the insanity of large parts of UK economy for the past 40 or so years, particularly the post industrial North.
The brutal question is 'why do we need town centres at all?'
Apart from lesiure (and thats questionable) we really don't anymore.
where else are we going to have saturday night punch ups ?
God I miss Spitting Image. That program had real genius and stung. Now we have arseholes sitting on a "quiz" no one gives a damn about.
The main writing credit there is for Ian Hislop.
Yes I noticed that but he has got a bit too smug and comfortable too. Our political class are absurd, vain, ignorant, incompetent and egotistical. They could really do with something like Spitting Image taking them down a peg or 6.
God I miss Spitting Image. That program had real genius and stung. Now we have arseholes sitting on a "quiz" no one gives a damn about.
The main writing credit there is for Ian Hislop.
Yes I noticed that but he has got a bit too smug and comfortable too. Our political class are absurd, vain, ignorant, incompetent and egotistical. They could really do with something like Spitting Image taking them down a peg or 6.
God I miss Spitting Image. That program had real genius and stung. Now we have arseholes sitting on a "quiz" no one gives a damn about.
The main writing credit there is for Ian Hislop.
Yes I noticed that but he has got a bit too smug and comfortable too. Our political class are absurd, vain, ignorant, incompetent and egotistical. They could really do with something like Spitting Image taking them down a peg or 6.
I’ll never forgive Hislop for supporting Andrew Wakefield.
Great article from John Harris in the Guardian about Doncaster and the impact of Amazon and the warehouse economy.
"Once, it was a byword for coalmining. When the pits shut, it was pushed towards the kind of chain-store retailing that defined a strangely circular economic model, in which people worked in shops to spend money in other shops. Now, as it embraces the new world of warehousing and “logistics”, one question screams out for an answer: what is going to happen to its town centre?"
The line about "working in shops to spend money in other shops" really struck me as defining the insanity of large parts of UK economy for the past 40 or so years, particularly the post industrial North.
The brutal question is 'why do we need town centres at all?'
Apart from lesiure (and thats questionable) we really don't anymore.
Places with great town centres tend to also be the best places to live in my experience. Towns like Ludlow, Lincoln, Litchfield etc all seem to do a good job of mixing leisure, retail and office space in well defined town centres.
Also I'm sure there are lovely towns that don't begin with L, but those are the ones that sprung to mind!
Great article from John Harris in the Guardian about Doncaster and the impact of Amazon and the warehouse economy.
"Once, it was a byword for coalmining. When the pits shut, it was pushed towards the kind of chain-store retailing that defined a strangely circular economic model, in which people worked in shops to spend money in other shops. Now, as it embraces the new world of warehousing and “logistics”, one question screams out for an answer: what is going to happen to its town centre?"
The line about "working in shops to spend money in other shops" really struck me as defining the insanity of large parts of UK economy for the past 40 or so years, particularly the post industrial North.
The brutal question is 'why do we need town centres at all?'
Apart from lesiure (and thats questionable) we really don't anymore.
Great article from John Harris in the Guardian about Doncaster and the impact of Amazon and the warehouse economy.
"Once, it was a byword for coalmining. When the pits shut, it was pushed towards the kind of chain-store retailing that defined a strangely circular economic model, in which people worked in shops to spend money in other shops. Now, as it embraces the new world of warehousing and “logistics”, one question screams out for an answer: what is going to happen to its town centre?"
The line about "working in shops to spend money in other shops" really struck me as defining the insanity of large parts of UK economy for the past 40 or so years, particularly the post industrial North.
The brutal question is 'why do we need town centres at all?'
Apart from lesiure (and thats questionable) we really don't anymore.
Places with great town centres tend to also be the best places to live in my experience. Towns like Ludlow, Lincoln, Litchfield etc all seem to do a good job of mixing leisure, retail and office space in well defined town centres.
Also I'm sure there are lovely towns that don't begin with L, but those are the ones that sprung to mind!
God I miss Spitting Image. That program had real genius and stung. Now we have arseholes sitting on a "quiz" no one gives a damn about.
The main writing credit there is for Ian Hislop.
Yes I noticed that but he has got a bit too smug and comfortable too. Our political class are absurd, vain, ignorant, incompetent and egotistical. They could really do with something like Spitting Image taking them down a peg or 6.
I’ll never forgive Hislop for supporting Andrew Wakefield.
He’s ruined the lives of so many.
When youre in Frankfurt youre going to have to change your avatar
God I miss Spitting Image. That program had real genius and stung. Now we have arseholes sitting on a "quiz" no one gives a damn about.
The main writing credit there is for Ian Hislop.
Yes I noticed that but he has got a bit too smug and comfortable too. Our political class are absurd, vain, ignorant, incompetent and egotistical. They could really do with something like Spitting Image taking them down a peg or 6.
I’ll never forgive Hislop for supporting Andrew Wakefield.
Cash and cash equivalents +28,840,000; Total liabilities +6,944,000; Net cash generated from operating activities +11,871,000
OK So they do have "some" 'intangibles' but strip them out and the company's ratios still look great.
Yep, something has gone, very very wrong. If they have cash, they should be able to keep trading. If they can't then where exactly has the money gone?
Even if they discovered a liability or wrote down some assets the cash should still be there,
It's pretty obvious they don't have £28m in cash.
As numerous commentators pointed out, their income receipts show a return of just £1,000 on cash whereas (apparently) 1% or so would be expected, i.e. £280,000.
Not neccesarily, there's plenty of business current accounts out there that are still on ~ 0% interest. Barclays bus. premium paid 0.25% till recently on £1m+.
God I miss Spitting Image. That program had real genius and stung. Now we have arseholes sitting on a "quiz" no one gives a damn about.
The main writing credit there is for Ian Hislop.
Yes I noticed that but he has got a bit too smug and comfortable too. Our political class are absurd, vain, ignorant, incompetent and egotistical. They could really do with something like Spitting Image taking them down a peg or 6.
I’ll never forgive Hislop for supporting Andrew Wakefield.
God I miss Spitting Image. That program had real genius and stung. Now we have arseholes sitting on a "quiz" no one gives a damn about.
The main writing credit there is for Ian Hislop.
Yes I noticed that but he has got a bit too smug and comfortable too. Our political class are absurd, vain, ignorant, incompetent and egotistical. They could really do with something like Spitting Image taking them down a peg or 6.
I’ll never forgive Hislop for supporting Andrew Wakefield.
He’s ruined the lives of so many.
In his (and Private Eye's) defence, he eventually admitted they were in the wrong, produced a report into it, and has thoroughly castigated Wakefield ever since. Too many other people in the media who backed Wakefield either still do, or have remained silent.
P Eye's report actually altered my view on the MMR scandal for a few weeks, until other information persuaded me that they were being arses.
God I miss Spitting Image. That program had real genius and stung. Now we have arseholes sitting on a "quiz" no one gives a damn about.
The main writing credit there is for Ian Hislop.
Yes I noticed that but he has got a bit too smug and comfortable too. Our political class are absurd, vain, ignorant, incompetent and egotistical. They could really do with something like Spitting Image taking them down a peg or 6.
I’ll never forgive Hislop for supporting Andrew Wakefield.
God I miss Spitting Image. That program had real genius and stung. Now we have arseholes sitting on a "quiz" no one gives a damn about.
The main writing credit there is for Ian Hislop.
Yes I noticed that but he has got a bit too smug and comfortable too. Our political class are absurd, vain, ignorant, incompetent and egotistical. They could really do with something like Spitting Image taking them down a peg or 6.
That's a strange comment for a PB contributor to make. Our political class is the group of people who have stepped up and, through the various challenges, setbacks, and compromises, achieved a position of some limited influence in the face of significant opposition (and Opposition).
Of course if the country was run by PB-ers then things would be different but, you know, it doesn't seem likely.
Great article from John Harris in the Guardian about Doncaster and the impact of Amazon and the warehouse economy.
"Once, it was a byword for coalmining. When the pits shut, it was pushed towards the kind of chain-store retailing that defined a strangely circular economic model, in which people worked in shops to spend money in other shops. Now, as it embraces the new world of warehousing and “logistics”, one question screams out for an answer: what is going to happen to its town centre?"
The line about "working in shops to spend money in other shops" really struck me as defining the insanity of large parts of UK economy for the past 40 or so years, particularly the post industrial North.
The brutal question is 'why do we need town centres at all?'
Apart from lesiure (and thats questionable) we really don't anymore.
Places with great town centres tend to also be the best places to live in my experience. Towns like Ludlow, Lincoln, Litchfield etc all seem to do a good job of mixing leisure, retail and office space in well defined town centres.
Also I'm sure there are lovely towns that don't begin with L, but those are the ones that sprung to mind!
Luton?
Had the misfortune to use the Airport there a few times. Have never seen chaos and overcrowding like it!
Cash and cash equivalents +28,840,000; Total liabilities +6,944,000; Net cash generated from operating activities +11,871,000
OK So they do have "some" 'intangibles' but strip them out and the company's ratios still look great.
Yep, something has gone, very very wrong. If they have cash, they should be able to keep trading. If they can't then where exactly has the money gone?
Even if they discovered a liability or wrote down some assets the cash should still be there,
It's pretty obvious they don't have £28m in cash.
As numerous commentators pointed out, their income receipts show a return of just £1,000 on cash whereas (apparently) 1% or so would be expected, i.e. £280,000.
Not neccesarily, there's plenty of business current accounts out there that are still on ~ 0% interest. Barclays bus. premium paid 0.25% till recently on £1m+.
I mean, that's what Bloomberg said. I really have no idea.
But as a layman it seems like a decent question to ask. Indeed I don#t know why shareholders were happy with them receiving a return (at ~0%) which was lower than their WACC.
God I miss Spitting Image. That program had real genius and stung. Now we have arseholes sitting on a "quiz" no one gives a damn about.
The main writing credit there is for Ian Hislop.
Yes I noticed that but he has got a bit too smug and comfortable too. Our political class are absurd, vain, ignorant, incompetent and egotistical. They could really do with something like Spitting Image taking them down a peg or 6.
That's a strange comment for a PB contributor to make. Our political class is the group of people who have stepped up and, through the various challenges, setbacks, and compromises, achieved a position of some limited influence in the face of significant opposition (and Opposition).
Of course if the country was run by PB-ers then things would be different but, you know, it doesn't seem likely.
Perhaps he was talking about Liam Fox, in which case, fair comment.
God I miss Spitting Image. That program had real genius and stung. Now we have arseholes sitting on a "quiz" no one gives a damn about.
The main writing credit there is for Ian Hislop.
Yes I noticed that but he has got a bit too smug and comfortable too. Our political class are absurd, vain, ignorant, incompetent and egotistical. They could really do with something like Spitting Image taking them down a peg or 6.
That's a strange comment for a PB contributor to make. Our political class is the group of people who have stepped up and, through the various challenges, setbacks, and compromises, achieved a position of some limited influence in the face of significant opposition (and Opposition).
Of course if the country was run by PB-ers then things would be different but, you know, it doesn't seem likely.
Perhaps he was talking about Liam Fox, in which case, fair comment.
God I miss Spitting Image. That program had real genius and stung. Now we have arseholes sitting on a "quiz" no one gives a damn about.
The main writing credit there is for Ian Hislop.
Yes I noticed that but he has got a bit too smug and comfortable too. Our political class are absurd, vain, ignorant, incompetent and egotistical. They could really do with something like Spitting Image taking them down a peg or 6.
That's a strange comment for a PB contributor to make. Our political class is the group of people who have stepped up and, through the various challenges, setbacks, and compromises, achieved a position of some limited influence in the face of significant opposition (and Opposition).
Of course if the country was run by PB-ers then things would be different but, you know, it doesn't seem likely.
If trhe country was run by PB Eagles wpuld achieve his goal of being lifetime dictator by censoring everybody elses posts
Mike would be elevated to some sort of deity and sent on endless wine tasting holidays
We used to go once a month or so when the Cambridge branch opened, until the little 'un was born. It was a pleasant place to go for eggs benedict on a Sunday morning, and not too pricey.
However they then opened another branch about ten minutes walk away, and the quality seemed to decrease slightly. It also had a less of a 'special' feeling once there were branches everywhere.
I do wonder if over-expansion might have been an issue. Why did central Cambridge require two branches?
I guess we'll just have to go to the Orchard from now on - as long as there is still honey for tea ...
Great article from John Harris in the Guardian about Doncaster and the impact of Amazon and the warehouse economy.
"Once, it was a byword for coalmining. When the pits shut, it was pushed towards the kind of chain-store retailing that defined a strangely circular economic model, in which people worked in shops to spend money in other shops. Now, as it embraces the new world of warehousing and “logistics”, one question screams out for an answer: what is going to happen to its town centre?"
The line about "working in shops to spend money in other shops" really struck me as defining the insanity of large parts of UK economy for the past 40 or so years, particularly the post industrial North.
The brutal question is 'why do we need town centres at all?'
Apart from lesiure (and thats questionable) we really don't anymore.
Ban cars,lorries and buses from them and they thrive. Not rocket science.
We used to go once a month or so when the Cambridge branch opened, until the little 'un was born. It was a pleasant place to go for eggs benedict on a Sunday morning, and not too pricey.
However they then opened another branch about ten minutes walk away, and the quality seemed to decrease slightly. It also had a less of a 'special' feeling once there were branches everywhere.
I do wonder if over-expansion might have been an issue. Why did central Cambridge require two branches?
I guess we'll just have to go to the Orchard from now on - as long as there is still honey for tea ...
Never been and guess that I have missed my chance:
We used to go once a month or so when the Cambridge branch opened, until the little 'un was born. It was a pleasant place to go for eggs benedict on a Sunday morning, and not too pricey.
However they then opened another branch about ten minutes walk away, and the quality seemed to decrease slightly. It also had a less of a 'special' feeling once there were branches everywhere.
I do wonder if over-expansion might have been an issue. Why did central Cambridge require two branches?
I guess we'll just have to go to the Orchard from now on - as long as there is still honey for tea ...
I think this is true of loads of these chains that are getting into financial trouble.
They are too much money for a product that is no longer that special / unique. They have all expanded rapidly with the presumption that the demand will only continue to increase, despite all the competition in this space and only limited demand for £15 burgers etc.
We used to go once a month or so when the Cambridge branch opened, until the little 'un was born. It was a pleasant place to go for eggs benedict on a Sunday morning, and not too pricey.
However they then opened another branch about ten minutes walk away, and the quality seemed to decrease slightly. It also had a less of a 'special' feeling once there were branches everywhere.
I do wonder if over-expansion might have been an issue. Why did central Cambridge require two branches?
I guess we'll just have to go to the Orchard from now on - as long as there is still honey for tea ...
Never been and guess that I have missed my chance:
God I miss Spitting Image. That program had real genius and stung. Now we have arseholes sitting on a "quiz" no one gives a damn about.
The main writing credit there is for Ian Hislop.
Yes I noticed that but he has got a bit too smug and comfortable too. Our political class are absurd, vain, ignorant, incompetent and egotistical. They could really do with something like Spitting Image taking them down a peg or 6.
That's a strange comment for a PB contributor to make. Our political class is the group of people who have stepped up and, through the various challenges, setbacks, and compromises, achieved a position of some limited influence in the face of significant opposition (and Opposition).
Of course if the country was run by PB-ers then things would be different but, you know, it doesn't seem likely.
If trhe country was run by PB Eagles wpuld achieve his goal of being lifetime dictator by censoring everybody elses posts
Mike would be elevated to some sort of deity and sent on endless wine tasting holidays
PBers seem a fairly godless bunch - perhaps a constitutionless monarch instead ?
We used to go once a month or so when the Cambridge branch opened, until the little 'un was born. It was a pleasant place to go for eggs benedict on a Sunday morning, and not too pricey.
However they then opened another branch about ten minutes walk away, and the quality seemed to decrease slightly. It also had a less of a 'special' feeling once there were branches everywhere.
I do wonder if over-expansion might have been an issue. Why did central Cambridge require two branches?
I guess we'll just have to go to the Orchard from now on - as long as there is still honey for tea ...
Never been and guess that I have missed my chance:
Luke Johnson writes a regular financial article in the Sunday Times which I generally read and is often quite interesting. I will look out for his article this week if he publishes one. Could make interesting reading!
God I miss Spitting Image. That program had real genius and stung. Now we have arseholes sitting on a "quiz" no one gives a damn about.
The main writing credit there is for Ian Hislop.
Yes I noticed that but he has got a bit too smug and comfortable too. Our political class are absurd, vain, ignorant, incompetent and egotistical. They could really do with something like Spitting Image taking them down a peg or 6.
I’ll never forgive Hislop for supporting Andrew Wakefield.
He’s ruined the lives of so many.
Did you put that down to an error-of-judgement or lost-the-plot anti-vaxing?
I see UC is finally blowing up. How is this a surprise to people like Johnny Mercer or indeed, by the sound of it the Cabinet (who Ester McVey had to brief this week)?
I've been warning about the £2K or so many couples and lone parents would lose for months on here.
I do sometimes really wonder what politicians actually do all day, when they don't know basic policy implications like this.
God I miss Spitting Image. That program had real genius and stung. Now we have arseholes sitting on a "quiz" no one gives a damn about.
The main writing credit there is for Ian Hislop.
Yes I noticed that but he has got a bit too smug and comfortable too. Our political class are absurd, vain, ignorant, incompetent and egotistical. They could really do with something like Spitting Image taking them down a peg or 6.
I’ll never forgive Hislop for supporting Andrew Wakefield.
He’s ruined the lives of so many.
Did you put that down to an error-of-judgement or lost-the-plot anti-vaxing?
Both.
Far too many people think correlation equals causation.
Trans inmate jailed for Wakefield prison sex offences
The court heard White, who was born male and now identifies as a woman, used her "transgender persona" to put herself in contact with vulnerable women.
So far, the ERG seem to have exhibited little spine. I think Mrs May would have little risk in facing them down. They appear to be nothing but ill-informed, bluster merchants. Why the Tory party lets them hold it ransom is beyond me.
I think that May can call their bluff.
It strikes me that the ERG gang have cried wolf far too often. Failing to follow through on threats undermines your credibility.
Comments
Oh and my love of material things too.
As I said, the type of people who are in favour of FoM still pretty much have it. The type that aren't, don't... and aren't bothered. Everyone's a winner
Will Brexit get the blame? For sure, but politics and diplomacy has always played a large part in aerospace and defence manufacturing, and you can be damn sure that the French and German goverments will weigh in when Airbus makes future investment choices.
https://twitter.com/iankingsky/status/1050365104783527936?s=21
https://twitter.com/JohnRentoul/status/1050365272794824705
If we accept the premise that the Leave vote was inspired by hatred of foreigners and a dislike of the London-centric focus, while Remainers are open minded internationalists, then City jobs going abroad and fewer EU nationals coming to the UK is just fine, who's moaning?
Join EFTA. Stray in the EEA. Do a customs deal.
We impose Freedom of Movement Restrictions - a "New" "Win" despite being what we already could have done
We retain Free Trade having negotiated (as part of the EU) the best deals possible
We regain independence on Agriculture and Fishing, which we use to catapult a self-sustainability model for food
Just get on and do the thing. If that means May gets torn apart by Tory loons who then get booted out all the better.
But we have to see the contrivance necessary to paint the false picture to work out the failure level of the Auditor.
I genuinely think that the suggestion in the Economist a few years ago to stop audits being a legal requirement would improve things.
That’s there’s no duty owed to other interested parties.
http://investors.patisserieholdings.co.uk/~/media/Files/P/Patisserie-Valerie-IR/results-presentations/interim-results-6months-31082018.pdf
Cash and cash equivalents +28,840,000; Total liabilities +6,944,000; Net cash generated from operating activities +11,871,000
OK So they do have "some" 'intangibles' but strip them out and the company's ratios still look great.
Even if they discovered a liability or wrote down some assets the cash should still be there,
https://twitter.com/britainelects/status/1050316131246981120
It is surprising how many people either forget that or do not seem to understand it. A bump in the CashFlow can bring any business to its knees.
Great article from John Harris in the Guardian about Doncaster and the impact of Amazon and the warehouse economy.
"Once, it was a byword for coalmining. When the pits shut, it was pushed towards the kind of chain-store retailing that defined a strangely circular economic model, in which people worked in shops to spend money in other shops. Now, as it embraces the new world of warehousing and “logistics”, one question screams out for an answer: what is going to happen to its town centre?"
The line about "working in shops to spend money in other shops" really struck me as defining the insanity of large parts of UK economy for the past 40 or so years, particularly the post industrial North.
Their branch in Oxford was once quite charming, though.
Apart from lesiure (and thats questionable) we really don't anymore.
As numerous commentators pointed out, their income receipts show a return of just £1,000 on cash whereas (apparently) 1% or so would be expected, i.e. £280,000.
He’s ruined the lives of so many.
Also I'm sure there are lovely towns that don't begin with L, but those are the ones that sprung to mind!
T They need reinventing as places to live.
How about Hermann Goering Division ?
https://en.wikipedia.org/wiki/1st_Fallschirm-Panzer_Division_Hermann_Göring
Idiot.
https://www.theguardian.com/media/greenslade/2010/feb/05/private-eye-magazines
P Eye's report actually altered my view on the MMR scandal for a few weeks, until other information persuaded me that they were being arses.
http://www.drphilhammond.com/blog/2010/02/18/private-eye/dr-phil’s-private-eye-column-issue-1256-february-17-2010/
Of course if the country was run by PB-ers then things would be different but, you know, it doesn't seem likely.
http://www.pnas.org/content/early/2018/10/03/1807862115
PNAS is a very prestigious journal, BTW.
But as a layman it seems like a decent question to ask. Indeed I don#t know why shareholders were happy with them receiving a return (at ~0%) which was lower than their WACC.
Mike would be elevated to some sort of deity and sent on endless wine tasting holidays
We used to go once a month or so when the Cambridge branch opened, until the little 'un was born. It was a pleasant place to go for eggs benedict on a Sunday morning, and not too pricey.
However they then opened another branch about ten minutes walk away, and the quality seemed to decrease slightly. It also had a less of a 'special' feeling once there were branches everywhere.
I do wonder if over-expansion might have been an issue. Why did central Cambridge require two branches?
I guess we'll just have to go to the Orchard from now on - as long as there is still honey for tea ...
https://twitter.com/Cornwall4EU/status/1049931301221015553?s=19
https://www.bbc.co.uk/news/uk-england-manchester-45805812
They are too much money for a product that is no longer that special / unique. They have all expanded rapidly with the presumption that the demand will only continue to increase, despite all the competition in this space and only limited demand for £15 burgers etc.
Jut how they've redone it for Twitter format. You can read hte article
https://www.express.co.uk/news/politics/699715/Brexit-brilliant-for-business-says-top-entrepreneur
I've been warning about the £2K or so many couples and lone parents would lose for months on here.
I do sometimes really wonder what politicians actually do all day, when they don't know basic policy implications like this.
Far too many people think correlation equals causation.
Trans inmate jailed for Wakefield prison sex offences
The court heard White, who was born male and now identifies as a woman, used her "transgender persona" to put herself in contact with vulnerable women.
https://www.bbc.com/news/uk-england-leeds-45825838
https://www.bbc.co.uk/news/business-45824285