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UK trade policy post Brexit, PM's view
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- The full Lemon
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Re: UK trade policy post Brexit, PM's view
I doubt that anyone would disagree about the benefits of increasing the efficiency of Lloyds insurance market. I was briefly directly involved in it with a pass to the underwriting room and I must say that it seemed, whilst a very pleasant spot, to take forever to get things done. Face to face contact for everything although I suppose that Covid has changed that like so much else.
OTOH Lloyds was/is able to give quotes for a lot of stuff that the rest of the world would not touch, and that is why it has survived for so long. Do not forget that it also houses many independent businesses under one roof, unlike the banks for instance. I do not think that Lloyds business is at risk from Brexit, more likely that some of our big bank's business may be.
Dod
OTOH Lloyds was/is able to give quotes for a lot of stuff that the rest of the world would not touch, and that is why it has survived for so long. Do not forget that it also houses many independent businesses under one roof, unlike the banks for instance. I do not think that Lloyds business is at risk from Brexit, more likely that some of our big bank's business may be.
Dod
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Re: UK trade policy post Brexit, PM's view
odysseus2000 wrote:Europe has missed out on almost all the wealth created by the Internet economy. Worse is that Europe fast found is dominated by US brands. If the EU was working effectively there should be substantial European internet business and substantial fast food too.
Regards,
What has this got to do with the EU though? I would say it's more a failure of business ambition. The UK's Psion organisor, for example, was the best in its class at the time. Had they kept developing it, it could have become the world's ipod or iphone. But they just gave up on it and only developed an industrial product series. I fail to see how the EU was responsible for this.
Similarly, ARM was sold off to the Japanese for a quick buck (or yen). Really, a short term Thatcherite approach to business rather than anything to do with the EU.
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Re: UK trade policy post Brexit, PM's view
MrFoolish wrote:ARM was sold off to the Japanese for a quick buck
...and thence to NVIDIA.
Oh what could have been!
-sd
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Re: UK trade policy post Brexit, PM's view
MrFoolish wrote:odysseus2000 wrote:Europe has missed out on almost all the wealth created by the Internet economy. Worse is that Europe fast found is dominated by US brands. If the EU was working effectively there should be substantial European internet business and substantial fast food too.
Regards,
What has this got to do with the EU though? I would say it's more a failure of business ambition. The UK's Psion organisor, for example, was the best in its class at the time. Had they kept developing it, it could have become the world's ipod or iphone. But they just gave up on it and only developed an industrial product series. I fail to see how the EU was responsible for this.
Similarly, ARM was sold off to the Japanese for a quick buck (or yen). Really, a short term Thatcherite approach to business rather than anything to do with the EU.
It has been a failure of business ambition, sure, but also a political failure not to create an economic climate that foster entrepreneurs. The UK began the industrial revolution and created super rich entrepreneurs in the process, but the political system changed, the State got involved in all kinds of stuff and the entrepreneurial culture was suffocated by taxes, over focus on services and the belief that UK salaries were too big to allow any kind of competitive manufacture. I am of course glossing over much here, but the same applied in the EU, a complacent belief in the superiority of European ideals and a failure to grasp the endless need to innovate and have a culture that supports wealth creation, not one that is designed to reduce the value of the Euro to favour legacy manufacturing predominantly in Germany and yet keep it too high to help the economies of southern europe, all run by a bureaucracy of people with no business knowledge, self elected and funding resources into ventures that generated very little national wealth but which did make the friends of the EU doing the jobs the EU approved of, very rich.
Regards,
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Re: UK trade policy post Brexit, PM's view
odysseus2000 wrote:It has been a failure of business ambition, sure, but also a political failure not to create an economic climate that foster entrepreneurs. The UK began the industrial revolution and created super rich entrepreneurs in the process, but the political system changed, the State got involved in all kinds of stuff and the entrepreneurial culture was suffocated by taxes, over focus on services and the belief that UK salaries were too big to allow any kind of competitive manufacture.
Taxes are set by the UK government.
The over focus on services came from Thatcherism and successive governments.
The levels of salaries have very little to do with the EU.
Whilst we might be afraid of competitive manufacture in the UK, this certainly isn't the case in Germany. 1 in every 8 pencils made on this planet are made in Germany.
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Re: UK trade policy post Brexit, PM's view
supremetwo wrote:
For far too long, many employed in the UK financial services industry have been at the top of all salary scales (and with large bonuses on top) with no incentive whatsoever to reduce their internal costs.
I don't think that's true.
Bosses at Financial Services companies aren't the best paid in the UK, let alone globally.
There has been plenty of incentive to reduce costs, and that remains. The UK financial services sector is much leaner than available elsewhere, and many products are free too, that would be charged to customers directly overseas as well.
For someone that has worked in the sector, to a reasonably high level, your description isn't one I recognize.
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Re: UK trade policy post Brexit, PM's view
servodude wrote:MrFoolish wrote:ARM was sold off to the Japanese for a quick buck
...and thence to NVIDIA.
Oh what could have been!
-sd
There may yet be hope.., https://www.theguardian.com/business/20 ... telligence
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Re: UK trade policy post Brexit, PM's view
GrahamPlatt wrote:servodude wrote:MrFoolish wrote:ARM was sold off to the Japanese for a quick buck
...and thence to NVIDIA.
Oh what could have been!
-sd
There may yet be hope.., https://www.theguardian.com/business/20 ... telligence
Yes very nice in a massively parallel execution context
- but it's not ARM
-sd
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Re: UK trade policy post Brexit, PM's view
servodude wrote:Yes very nice in a massively parallel execution context
- but it's not ARM
-sd
I have done a bit of coding in a 500 dimension cosine world, but I don't follow this. That may be because I am drunk (which I definitely am to at least a third order approximation), but I still don't understand
Should I drink some spirits rather than just cider? Would I then understand?
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Re: UK trade policy post Brexit, PM's view
johnhemming wrote:servodude wrote:Yes very nice in a massively parallel execution context
- but it's not ARM
-sd
I have done a bit of coding in a 500 dimension cosine world, but I don't follow this. That may be because I am drunk (which I definitely am to at least a third order approximation), but I still don't understand
Should I drink some spirits rather than just cider? Would I then understand?
ARM are (presently and for the foreseeable) much more useful, being general purpose cores as compared to Graphcore's present intent and use cases (though they look nice for deep learning/crunching etc)
Spirits always this time of year
-sd
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Re: UK trade policy post Brexit, PM's view
servodude wrote:Spirits always this time of year
Is that in the antipodes?
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Re: UK trade policy post Brexit, PM's view
johnhemming wrote:servodude wrote:Spirits always this time of year
Is that in the antipodes?
Ghost of the mother-in-law round these parts at the moment
- though there's a bottle of this about: https://www.capebyrondistillery.com/sho ... d-edition/
Anyways here's the overview of the Graphcore
https://www.graphcore.ai/products/ipu
- seems like a nice architecture
- although I always get vibes of the T900 transputer (and Occam class flashbacks) with this kind of thing
- sd
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Re: UK trade policy post Brexit, PM's view
Nissan to keep production going in Sunderland:
https://www.autoexpress.co.uk/nissan/10 ... rexit-deal
Regards,
https://www.autoexpress.co.uk/nissan/10 ... rexit-deal
Regards,
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Re: UK trade policy post Brexit, PM's view
odysseus2000 wrote:Nissan to keep production going in Sunderland:
https://www.autoexpress.co.uk/nissan/10 ... rexit-deal
Regards,
.....due to EU and UK following the same rules for automotive industry.
http://eureferendum.com/
Rather, the government has committed to the maintenance of UNECE (WP.29) standards, thereby keeping British automotive regulations in lockstep with EU regulations, ensuring that the UK and EU regulations remain fully harmonised.
Another key to this decision was the rules about electric car batteries, which mean Nissan will have to manufacture them in Europe/UK. So a new battery plant in Sunderland, and the adoption of the same rules means Nissan can sell electric vehicles in both the UK and Europe from Sunderland.
FD
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Re: UK trade policy post Brexit, PM's view
The owner of Cadbury is set to return more of its Dairy Milk production to its historic Bournville factory.
Mondelez International - which owns the chocolate brand - said some production in continental Europe would return to the UK.
Announcing a £15m investment at the Birmingham site, the company said from 2022, 125 million more Dairy Milk bars would be manufactured there.
https://www.bbc.co.uk/news/uk-england-b ... stom1=link
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Re: UK trade policy post Brexit, PM's view
richfool wrote:The owner of Cadbury is set to return more of its Dairy Milk production to its historic Bournville factory.
Mondelez International - which owns the chocolate brand - said some production in continental Europe would return to the UK.
Announcing a £15m investment at the Birmingham site, the company said from 2022, 125 million more Dairy Milk bars would be manufactured there.
https://www.bbc.co.uk/news/uk-england-b ... stom1=link
That'll make up for some of the 500-jobs gone at the GKN plant thanks to Brexit, see #189 https://yorkshirebylines.co.uk/the-digby-jones-index/ which of course all adds on top of the 436,296 jobs lost due to Brexit that were counted up until 31-Jan 2020 https://smallbusinessprices.co.uk/brexit-index/ .
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Re: UK trade policy post Brexit, PM's view
dspp wrote:richfool wrote:The owner of Cadbury is set to return more of its Dairy Milk production to its historic Bournville factory.
Mondelez International - which owns the chocolate brand - said some production in continental Europe would return to the UK.
Announcing a £15m investment at the Birmingham site, the company said from 2022, 125 million more Dairy Milk bars would be manufactured there.
https://www.bbc.co.uk/news/uk-england-b ... stom1=link
That'll make up for some of the 500-jobs gone at the GKN plant thanks to Brexit, see #189 https://yorkshirebylines.co.uk/the-digby-jones-index/ which of course all adds on top of the 436,296 jobs lost due to Brexit that were counted up until 31-Jan 2020 https://smallbusinessprices.co.uk/brexit-index/ .
I'm afraid not
https://www.bbc.co.uk/news/uk-england-b ... m-55938419
"the firm also confirmed the investment would not lead to the creation of any new jobs."
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Re: UK trade policy post Brexit, PM's view
Moderator Message:
Following an alert to the effect that both sides (Brexit vs Remain) are turning this into a Politics board I figured that it is best to lock the thread. We are all offenders, myself included. regards, dspp
Following an alert to the effect that both sides (Brexit vs Remain) are turning this into a Politics board I figured that it is best to lock the thread. We are all offenders, myself included. regards, dspp
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