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BREXIT |OT2.0| A parade of endless victories for Boris Johnson
- Thread starter Uzzy
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I mean Brexit isn't the main reason that Thomas Cook is going under. It's a factor, but their main problem was they took on a shit load of debt to buy Mytravel and couldn't get out from under it as the margins tightened in the industry, but the pound tanking, a warm summer last year in the UK and reduced consumer confidence have done them in.
did they really think the government were going to step in? imagine the Tories dumping 200m+ into Thomas Cook right before an election.
This is nonsense. Firstly the 3 month guarantee when any such deal would need to go through parliament as well as getting the EU on board.
Secondly this idea of having Labour pitting it's own deal against remain in a referendum is madness. The party will be split offering voters two different things.
Seriously just go with the second referendum and Labour backing remain against leave.
No deal Labour could possibly get us better than what remain brings.
From the Guardian:
"With a general election within touching distance, Labour's conference in Brighton was meant to be a showcase for its radical policies and an opportunity to enthuse grassroots members about the project of propelling Jeremy Corbyn into Downing Street.
Instead, it kicked off on Friday evening with a botched bid to oust Tom Watson by abolishing his job and has continued with a battle over Brexit, pitching Corbyn and his trade union allies against thousands of grassroots members."
Again, it's not just me.
The media are partly to blame for the complete lack of imagination in politics outside of arguing about Brexit. They've hardly written about anything else for the last three years. How much coverage was The Guardian realistically going to give labour's "radical policies" before complaining they were ignoring the fact UK will leave the EU in about a months time, we all know Brexit news is the bread and butter for news sites especially ones perceived as left-leaning.
Well yeah, because if you want to do literally anything, Brexit needs to be sorted out first.
That's just the UK number. It's 600.000 holidaymakers in total.
Thomas Cook operated in 16 countries. Second largest travel company in Europe (after TUI).
I hate read everything so I can anticipate what dumb takes are going to be on ResetEra dot com.
Don't know if it has been posted yet but wasn't the Labour Party supporting a second referendum? Feels like this position muddies the waters.
That's one of their options on the second referendum:
Remain
Or
Leave the EU with a new deal in place.
What some people see as the issue is different members of Labour want to support either side of the referendum, Corbyn here supporting the leave with a new deal.
My wife was flying back from Dubrovnik on a TC flight yesterday at 10. Needless to say there was some nervousness but apparently employees were very professional. Very sad day.
Are you as fun at parties as you come across in here?
Is anyone else really weirded out by these "prepare for Brexit" adverts that are appearing on TV now? They're completely unwanted buzz-kills akin to having Piers Morgan whine about SJWs in the middle of Tipping Point, but they explicitly say that we're leaving on the 31st as if it wasn't the law that leaving on that date without a deal (which is what Boris wants right now) would be illegal.
Very much so. They make me feel incredibly uneasy for both the reasons you stated. Just adds onto the feeling that Boris is going to try to crash us out on the 31st regardless and just deal with the consequences later.
Regardless of that, it's still the default so it makes sense to be prepared. And it makes sense for Boris's government to want to try and normalise it in people's minds.
I haven't seen them on TV (it's 2019, why would I watch TV with ads?) but they are all over the bus stops in Edinburgh now. It's shitty.
It's only the default if Boris either 1) gets a new deal or 2) literally breaks the law, though, so unless they actually get a new deal why are they entertaining that notion? Of course I'm not naive enough to believe that Boris ignoring the law would have any major consequences, but surely advertising it so freely would be a little risky?
And I know it makes sense from a governmental perspective, but from my viewpoint that "normalisation" is like the politician in a disaster movie going "there's nothing to be worried about." It also makes it seem like it's something that most people can prepare for as if the effects will be on people watching Tipping Point on a Sunday instead of Brexit and those with the actual power to prepare for major economic hits.
Or
3) If the EU rejects the request for an extension (which is unlikely, but possible.)
The bill put through is pretty toothless, there are plenty of ways for the government to fuck with any request without breaking the law. The bill really needed some kind of a "and if we hit the 31st without a deal or extension we revoke Article 50/pass the WA" clause to back it up.
Fuck, didn't realise that.
Welp. Guess my best bet right now is to just try and ignore it because there is literally nothing I can do to prepare for this. I just hope none of my (remain-voting) family lose their jobs...
They drive me fucking nuts.
It feels like they're trying to brainwash us with constant adverts.
They pulled the same shit with the first deadline too. It's basically trying to persuade people that leaving is inevitable despite it being anything but.
Agree completely. I heard the radio advert in the gym this morning (Heart radio no less) and it's just creepy propaganda disguised as "public concern". If you own a business you KNOW Brexit is coming. And for everyone else, it's fucking pointless to tell us Brexit is coming WHEN WE CAN DO FUCK ALL TO PREPARE FOR IT.
No.
Like a lot of these companies failing lately, Brexit is only a compounding issue. It isn't the instigating problem with these companies.
Thomas Cooke would likely have failed regardless of Brexit.
No? Thomas Cook has been failing for years. Brexit definitely contributed but it's not like they collapsed now because of it. They collapsed because they've been sinking money into bad decisions for ages now and they finally ran out.
It was a contributing factor though mentioned in both of their last set of results. It was a debt laden company in an industry where margins are decreasing rapidly. But it was also a company which took most of it's income in £ and most of its expenses in foreign currency the impact. 25% fall in the value of the pound cannot be discounted. A bit like the flu to a frail patient Brexit hastened the inevitable. I mean in a brexitless world with more time there was a chance they could have spun some of the company off like their profitable Nordic arm and Condor both of which will probably end up being sold as going concerns but they got hammered on margin over the summer and in a debt heavy low margin business that's terminal.
Just read about Thomas Cook...
This is starting to get scary, I know it's not the only reason, but Brexit gave the final hit and that can be found in their quarter statements.
Labours keep doing fuck all, I hope people here now understand they are not allies in this
This is starting to get scary, I know it's not the only reason, but Brexit gave the final hit and that can be found in their quarter statements.
Labours keep doing fuck all, I hope people here now understand they are not allies in this
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They actually offset the lease costs via using every shop as a distributed call centre. Both they and TUI did that, and it's relatively clever.
There's a big difference between saying very little to do with Brexit and Brexit being a compounding issue.
And let's also be real - Brexit hasn't happened yet. This is just the uncertainty of Brexit and the political stasis putting strain on the economy.
Brexit definitely isn't helping and I think it's important to point out that this economic and political atmosphere isn't helping at all.
"I hear Corbyn's office was putting pressure on members of Momentum national coordinating group to back LOTO position - signs of panic about the vote now, especially after Unison decision to support remain motion"
Corbyn you prat. stop fighting the tide.
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