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Post by mrclondon on Jan 31, 2019 20:23:49 GMT
More anecdotal evidence that a significant number of small companies are reasonably positive about their prospects ...
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sd2
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Post by sd2 on Feb 13, 2019 21:08:30 GMT
When they do studies on where ever UK residents are happy with their broadband speed, transport facilities, roads, schools, shops, mobile reception etc etc and most importantly of all income city folk are much happier on all counts than rural folk. Except when they ask are they happy where they live, then and only then do rural folk vote higher than city folk, much higher.
Brexit is not really about money some people need to think about that.
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zlb
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Post by zlb on Feb 14, 2019 17:31:47 GMT
Maybe a mass withdraw has triggered AC cash back offer...
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sd2
Member of DD Central
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Post by sd2 on Feb 14, 2019 18:26:33 GMT
Maybe a mass withdraw has triggered AC cash back offer... Any evidence? IE from the AC forum
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Post by Ace on Feb 14, 2019 18:27:59 GMT
Maybe a mass withdraw has triggered AC cash back offer... I doubt it, but if so it's certainly worked as it's generated £12m of new funds so far.
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sd2
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Post by sd2 on Feb 14, 2019 18:39:11 GMT
Maybe a mass withdraw has triggered AC cash back offer... I doubt it, but if so it's certainly worked as it's generated £12m of new funds so far. Yeah they got me for £1,000. I put it in the 30 day account. Wasn't really planning on putting anymore in!!
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ashtondav
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Post by ashtondav on Feb 14, 2019 19:01:30 GMT
To offset the grim newpaper article I've just linked to on the recession thread, here is a much more upbeat one - demand for Welsh mozzarella is increasing, helped no doubt by current exchange rates.
Yeah, trouble is they can't export any cos no one knows what the rules are after 29 March, so no one placing orders after that date. Canada? Still no deal agreed but we sell a lot of cheese there. Er, what do we print on the label? Dunno. Oh, ok we'll buy from the USA.
It's a freaking first class double starred c*ck up. The whole country ransomed by 60 ERG lunatic fringe Brexiteers. We're the laughing stock of the world.
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zlb
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Post by zlb on Feb 14, 2019 20:01:49 GMT
Maybe a mass withdraw has triggered AC cash back offer... Any evidence? IE from the AC forum not that I've noticed, but they appear to frequently need to raise funds.
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Post by mrclondon on Feb 14, 2019 20:35:52 GMT
One of the SME exporters I know don't envisage any issues come 30th March. But, they buy raw material from the far east (on WTO terms not via an EU agreement) with a lead time of 4 months, assemble with machinery made in the far east (lead time for the machinery 2 yrs), using relatively few (mostly degree educated) employees and export to US (85%) Rest of World (14%) Europe & UK (< 1%). They have a full order book for the next 12 months.
Their competitors are a) far eastern companies with a much higher early failure rate of the finished product but lower cost b) Germany - similar quality but generally a lot more expensive as much of the raw material is also manufactured in EU (to meet EU rules on origin). Their biggest concern - an EU / US trade war, which would probably force them out of business.
Obviously the brexit debate causes people to split into two distinct camps, with no middle ground. And equally obvious it raises strong emotions. But we use this forum primarily to educate ourselves about the risks to our investments by considering the points of view of others, even those who believe the end of the world as we know it is nigh. That said, I think most would agree that emotion led investing is perhaps not the sanest approach.
Whatever the eventual nature of the UK's trading relationship with the EU / Rest of the world turns out to be (from remain through EEA+CU to no CU) there will be long term winners and long term losers in each scenario, and short term pain for eveyone due to the uncertainty. The headlines of brexit has cost the economy x so far are primarily reflecting the damage to confidence caused by the political stalemate, preventing investment in manufacturing capacity.
Investments should primarily be viewed in a medium to longer term context, and I will be a strong buyer of equities if the markets driven by emotions not logic react irrationally to events. To that end I am now slowly shifting a proportion of my p2p investments to more instant access style platforms to give me access to cash should I wish.
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IFISAcava
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Post by IFISAcava on Feb 15, 2019 0:25:28 GMT
To offset the grim newpaper article I've just linked to on the recession thread, here is a much more upbeat one - demand for Welsh mozzarella is increasing, helped no doubt by current exchange rates.
Yeah, trouble is they can't export any cos no one knows what the rules are after 29 March, so no one placing orders after that date. Canada? Still no deal agreed but we sell a lot of cheese there. Er, what do we print on the label? Dunno. Oh, ok we'll buy from the USA.
It's a freaking first class double starred c*ck up. The whole country ransomed by 60 ERG lunatic fringe Brexiteers. We're the laughing stock of the world.
Yes - except that a good leader with the interests of country rather than party would have reached out for consensus after a wafer thin vote rather than reach out to the extreme Brextremist fringe. TM is entirely to blame for this fiasco.
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IFISAcava
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Post by IFISAcava on Feb 15, 2019 8:37:39 GMT
Not going to withdraw all or even most
- but -
will convert things to cash where no exit fees, delay roll overs on eg 30 day accounts (AC, GS), not reinvest interest payments (all), and so have much more liquidity (also = cash drag) than usual during March. Things could get v messy so a bit of an insurance policy for a proportion of P2P investments.
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Post by captainconfident on Feb 15, 2019 9:49:03 GMT
The headlines of brexit has cost the economy x so far are primarily reflecting the damage to confidence caused by the political stalemate, preventing investment in manufacturing capacity.
THe damage to investment, particularly inward investment from other countries has already been done but is an insidious process where the weaknesses caused only slowly become apparent. However only mentioning investment in manufacturing capacity in Britain, where 80% of the economy is in service industries, misses the point. And the point is that export of services to Single Market countries underpins our import of physical goods from those countries. It is in this area that the economy will be crippled if we leave the SIngle Market and that impact is underplayed, or not considered at all by most Brexit enthusiasts.
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sd2
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Post by sd2 on Feb 15, 2019 11:16:40 GMT
The remoaners go on and on. You can hope all you want you won't be able to say I told you so. As mervyn king said of mark Carneys prediction gross exgeration. No doubt you will all behave like lagarde (IMF) who predicted an immediate recession. When questioned by journalist "you got it wrong" "no we have readjusted" "so you got it wrong then" "no we have readjusted the figures". As Mervyn king said of mark Carney predictions gross exaggeration.
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j1
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Post by j1 on Feb 20, 2019 22:19:29 GMT
I'm personally not convinced that a no deal Brexit will have a significant impact on P2P. And hopeful that it won't happen anyway!
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ceejay
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Post by ceejay on Feb 21, 2019 18:48:24 GMT
I'm personally not convinced that a no deal Brexit will have a significant impact on P2P. And hopeful that it won't happen anyway! I share your hope that it won't happen ... but I don't base all my financial decisions on hope! I think that the potential impact will vary greatly from sector to sector, so a blanket "X affect on P2P" is probably too high level to be useful. My guess is that residential property development loans are relatively safe - there is a continuing need for housing and there should be room for a moderate price fall before these get into trouble. So I am still buying into these, though I will avoid the mega-value single property loans, as these are very vulnerable to a loss of confidence among their wealthy potential purchasers. Commercial property development, and general business loans, I would be much more wary of - the impact of Brexit on a given business could be anything from moderately positive to catastrophically bad. Avoid businesses that depend on cheap EU labour! I'm being very selective indeed in these areas.
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