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It's not the fact of Brexit that's screwing things up, it's the Tories buggering about and not announcing article 50 so the process can begin.
Can't be long before the German car makers change the UK prices. If the fx continues to move, they might make a bold decision and price UK cars in Euros.
One assumes they can't sustain a 10% price shift for too long.
Like her not, you need someone with Thatcher's character to deal with BREXIT.
We really don't want some namby pamby politician trying to further their own career leading this whole affair.
The irony being that a strong leader might not have held a referendum in the first place.
No a strong leader would have got s better set of EU reforms through and we would still be in the EU AND in control. Cameron was too weak and too socialist in this current environment.
Hence why the female Tory leader candidates are focusing in part on their feminine, caring side - perhaps introducing the New Conservatives, slightly left of New Labour but without the dubious war record.
Ps. Anybody here read Alastair Campbell's in office diaries - The Blair Years ?
Apart from the fact that a a Tory would sooner eat their own genitalia with a knife and fork and condiment of your choosing than look leftward (or even appear to) they can't risk opening the door to Farage's return.
If a general election is called - could a party win a majority on an anti A50 ticket? (Or there be sufficient MPs elected that would vote A50 down?)
This is outdated logic since the last election when UKIP appeared to be significantly damaging the Labour vote.
The risk, however, is that parliamentary authority and even the existing party system could be seriously destabilised.
This is outdated logic since the last election when UKIP appeared to be significantly damaging the Labour vote.
A general election can be won on a minority vote.
This means that in principle it could even with the 52% remaining rock slid depending on the geographic distribution and party allegiances.
The risk, however, is that parliamentary authority and even the existing party system could be seriously destabilised.
Labour voters susceptible to populist dog whistles moved to UKIP but so did some Tory voters.
isn't destabilisation the name of the game?
This is a good point though rather depressing.What legitimacy if a government is elected in an election with very poor turnout because neither of the main parties are desired (assuming no rival party)?
So how do you fix ths general problem? Difficult.
Lots of forward fx contracts would have been placed just before the referendum.
I'd be very surprised if they hadn't already tied up their next 3-6 months of FX transactions pre vote.
Just about everything in that list ultimately makes a particular car more expensive, which is what impacts us.Car pricing is a mysterious thing.
The list price is one thing - what people pay is another.
So for example they could just leave the list prices alone but change the finance packages and dealer deposit contributions.
They have other options too. They can play with specifications within the range.
The likes of MB and BMW and to a lesser extent Audi and VW have some flexibility to trade volume for margin.
And why would they price UK cars in Euros? Would you expect them to price cars in EUR in the USA or in Singapore or Japan or Australia?
If they thought sterling was going to remain volatile, it would be a way to remove that question. With weird times comes weird solutions.
I'd be surprised if they did.
"German car exports to the UK last year were worth nearly €18bn, and carmakers such as Volkswagen, which owns Bentley, and BMW, owner of the Mini, both have production facilities in the UK"
http://www.ft.com/cms/s/0/f6cda050-20bb-11e5-aa5a-398b2169cf79.html#axzz4DdthOkEA
3 months is £3B of "forward" trading they'd need to do. Doubt any of them have a fraction of that to commit to Fx. You would be brave indeed foolish to trade that forward, in an environment that was telling them that the £ would be stronger after the vote as the markets and "experts" said leave had no chance.
I actually think this might be quite simple.
Tory party have to elect a new leader. Once he or she is in place, they could stage a campaign aimed at the people, stating we need a general election.
During this campaign, they need to point out one thing. More people voted for EU ref, than GE for the last however many years. If the public apathy comes back, then Parliment can vote on the EU Ref and if more EU remainer politicians have been voted in (due to a low turn out) then we could decided to retreat back to the EU.
Not only would this galvanise the Brexit camp, but the remain camp.
The Tory's have to go with the Brexit side throughout this campaign of course, but all the others should stick to their current path.
Then whoever wins the GE will have the actual mandate of the people.
If it is a remain vote, the parliment can debate the EU ref and with the will of the people, decide to ignore it (which they can anyway, but it is not the best idea at this time). And of course, if it is a brexit camp win, then thats 2-0 to UK-EU, and no need for the parliment to debate and decide to ignore the will of the people. (Of course, this is easy if you have a brexit majority anyway).
It does have to go to a GE. Those who voted for Cameron, will be disappointed he is not carrying on and may decide to give politics a miss. So you need to get them back in so the people actually realise the government does want your vote, and does not actually erase your vote, or rig the elections or whatever other nonsense ill informed opinion makers think.
Forget ANY idea that the EU Referendum will be revisited. A decision has been made in a vote by the largest number of voters in decades (possibly ever?) in the UK, article 50 will be instigated in the reasonably near future.
Any suggestion that the result is nullified or overturned would create civil unrest at a level we've not seen in this country in modern times. It would make the Poll Tax riots look like drunk fistycuffs in the local pub.
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