Aston Martin Boss: I’d Rather No Deal Than Drag Negotiations On

Remainers were busy laying into a recent article on CapX after it suggested that many businesses would actually “prefer the certainty of some short-term disruption for which both sides are now much better prepared, than continued dithering with no idea what will happen next.” No real-world boss could possibly be stupid enough to want that, obviously…

Except, err, the CEO of Aston Martin who just yesterday said exactly that:

“I’d rather leave with No Deal than drag negotiations on… Every time we have to prepare to leave it ties up working capital and brains on something that may or may not happen…

“First and foremost I think we now need certainty. I think business was pretty clear that it would prefer a deal with free trade with Europe, and it is true we are looking at a cliff-edge without one, but at this stage a decision is better than no decision.

“It’s not great, but we have modelled No Deal and run the scenarios. What we find harder to work with is goalposts that keep moving every six months. We need an outcome, and the truth is that we have debated our negotiating tactics in public, while the EU27 have worked with consensus and executed their negotiations brilliantly. Our Brexit strategy has been laughable.”

Just last month Aston Martin opened a brand new plant in South Wales which will eventually create over 3,000 jobs in local businesses and the supply chain. They’re also on the verge of securing a fresh £68 million in investment. Despite Brexit…

mdi-timer 11th July 2019 @ 2:23 pm 11th Jul 2019 @ 2:23 pm mdi-comment Comments
Japanese Telecoms Giant Opens Global HQ in London

The Japanese Government have been doing their best to stoke fears over No Deal, the foreign minister threatened both Hunt and Boris over it last week. Meanwhile Japanese businesses are just getting on with investing in the UK. Japanese telecoms giant NTT Corporation has announced that they’re opening a new global HQ for their international subsidiary in London. NTT Corp has an annual revenue of over $100 billion a year and currently employs 40,000 people. The new London-based subsidiary merges three companies into an $11 billion business. Hardly running scared of a No Deal Brexit…

NTT Corp President and CEO Jun Sawada said their commitment to the UK remains “extremely strong” and that they made a “deliberate decision” to choose London after considering several locations:

“It has many benefits, including a stable economy, wealth of skills and talent, diversity in population and thinking, strong infrastructure, schools and housing for global talent moving to the city. In short, it’s a great city to live and work in, and we’re excited that we are making it the home for our new business”.

None of which is going to change after the UK says sayonara to the EU…

mdi-timer 2nd July 2019 @ 10:57 am 2nd Jul 2019 @ 10:57 am mdi-comment Comments
Heseltine: UK “Economy Is Doing Significantly Better Than You Might Hope”

Lord Heseltine has been doing the media rounds yet again this morning as broadcasters scrape the barrel to generate ‘blue-on-blue’ content now the Soubries of this world have jumped onto their own sinking ship. Not that Heseltine is making any effort to be ‘blue’ any more after publicly endorsing the Lib Dems over the weekend. Will the Remainers in CCHQ be expelling him from the Party like they threatened to do with anyone who backed the Brexit Party?

When challenged about the UK economy outpacing EU countries like Italy and even Germany, Heseltine’s mask entirely slipped:

“This country’s economy is doing significantly better than you might hope.”

Remainiacs literally admitting that they wanted the economy to be doing worse to punish voters for their democratic choice.

The former pro-Euro campaigner also claimed that the strong economic performance was in part because “the Government is of course continuing to live on borrowed money” which doesn’t quite make sense as an argument given that the deficit has tumbled to its lowest level in fifteen years. Despite, of course, Brexit…

mdi-timer 20th May 2019 @ 11:46 am 20th May 2019 @ 11:46 am mdi-comment Comments
Last Quarter’s Real Wages Up, Employment Up, Despite Expectation of Brexit

New figures released by the ONS this morning reveal that wages this quarter are well up on what they were last year, despite the quarter having been expected to end with the UK leaving the EU. Excluding bonuses, employees have seen wages rise by 3.3%, an inflation adjusted rise of 1.5% compared with a year earlier…

Meanwhile the UK employment rate was estimated at 76.1% rising from last year’s 75.6% and the joint-highest figure ever recorded. Unemployment has continued to fall, now at 3.8% it’s the lowest this country has seen since 1974. All despite Brexit…

mdi-timer 14th May 2019 @ 9:47 am 14th May 2019 @ 9:47 am mdi-comment Comments
UK Economy Grows 0.5% in Q1, Faster Than Eurozone

The ONS has released its latest GDP figures and the UK is up at a healthy 0.5% growth for Q1. Business investment was also up 0.5% q/q, while manufacturing growth surged to the highest in three decades at 2.2%. The Eurozone could only manage 0.4% GDP growth…

mdi-timer 10th May 2019 @ 10:23 am 10th May 2019 @ 10:23 am mdi-comment Comments
EU Slashes German Growth Forecasts to 0.5%

The EU’s latest official figures have been published today, slashing the previously predicted German growth rate of 1.1% to just to just 0.5%. Out of the ‘big four’ large EU countries, the UK is joint first with France, both countries growing 1.3%. Germany is languishing on 0.5% and Italy barely has its head above water on 0.1%. This isn’t what we were told was supposed to happen…

mdi-timer 7th May 2019 @ 1:25 pm 7th May 2019 @ 1:25 pm mdi-comment Comments
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