That's called taking control
I am sure that the EU will bend over to the ruler of the waves. They are the 5 biggest economy in the world you know?
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That's called taking control
I am sure that the EU will bend over to the ruler of the waves. They are the 5 biggest economy in the world you know?
Their love of Brexit has made a bunch of Tories complain about a multinational company doing all it can to maintain/increase profit margins. The world is on its arse.
http://www.businessinsider.com/afp-eu-misspent-55-bln-euros-needs-to-regain-trust-watchdog-2016-10
Oops - but let's all turn a blind eye anyways though amIrite?
Oops - but let's all turn a blind eye anyways though amIrite?
Oops sorry mate.
Should've just rolled over for the big corps. Our bad!
Rolled over? What are you even talking about?
What have you exactly achieved with your intention to BrExit?
well done on earning yourself higher prices and fewer jobs. Nice one. Cos that's all you'll be getting.
that is legitimate criticism and definitely concerning, but do you level similar charges against your national government? Do you know how much money they misspent?
That's right. Stick it to the man. Those big corps are reeling from the FTSE 100 boom due to a weak pound and the savaging they'll get from an anti big corp Conservative government. There's no way they'll just pass price increases onto consumers and leverage power against a UK in a weak bargaining position.
France made the same mistake on the same subject. A cloud service who was supposed to manage the state workers pay. IIRC we wasted 4.5bn.
Misspending your own money is different
You are making a distinction that doesn't exist. In both cases the money comes from the taxpayers (the same taxpayers) and in both cases people that we elected are misspending it, there is no difference and they should both be heavily criticised and they should both be held to the same standards.
Tesco's position is where were the price reductions when the currency was strong.
Well at least they wont be wasting much more British money in the future
the amount each individual government is misspending is gigantic. That is why I am asking. That is what it boils down to. There is a lot of to not like about the EU precisely because these institutions act quite similar to those in nation-states just on a different scale. Yet if you bring up these things you should be consistent or at least explain why it is okay for national governments to do all these things. But essentially nobody is doing this. In the end it boils down to nationalism. That is the reason, why someone is okay with shocking lack of democracy in countries, but not the EU. That is the reason why (national) governments are allowed to misspent multiple times of the amount that the EU misspent (who is extremely wasteful; no doubt about that). Nationalism and identity based on nationalism is really what it seems to be about.
They won't but Brexit is probably going to cost you a lot more than the 800m (from the UK) misspent.
If the reports coming out today are true it is going to cost well over half what we currently net pay merely to have access to the single market. Which is a stunningly bad deal in comparison to what we already have.
Especially when you consider we actually get more than a third back anyway (which of course we wont anymore)
The only time in history that the Pound has been lower against the Euro than it is now, was in December 2008, January 2009, March 2009 and October 2009 .
Something happened in 2008 , can't quite remember.
The UK gradually pulled themselves out of that and then someone had the bright idea of...
Something happened in 2008 , can't quite remember.
The UK gradually pulled themselves out of that and then someone had the bright idea of...
Stop talking Brexit down, or something.
I agree, people should criticise the EU, they should monitor their activities but we can't have double standards that's dishonest and stupid.
And a simple reminder, EU officials are nominated by national governments through the EU council and the candidates are auditioned by EU MPs both institutions members are directly elected by EU citizens. The commission is the EU state/administration, people complain that they are not elected but none of us elect chancellors/ministers or state workers, that's why we elect PMs, presidents and MPs.
All that to say that we need to take our EU votes seriously, we can't vote like idiots and then complain that we are misrepresented in Brussels and Strasbourg, in my opinion we have to stop the fingerpointing.
He won't be getting that because he's pissing off to Canada.
'I got my country back!!!!'
'Right, I'll be off then'.
Unilever I imagine invested the additional money during the strong currency in marketing/in-store promotions which directly benefits Tesco. Neither would have wanted price reductions beforehand. Not sure I can blame Unilever here at all, costs have increased and they have to make the money somewhere.
I'm not blaming them. Unilever go in high they quibble and come to an arrangement.
Price of Marmite goes up.
Less profits (or no profits at all) = less corporation tax paid to the government
UK's contribution to the EU continues to increase as the Pound goes lower
UK's contribution to the EU continues to increase as the Pound goes lower
Feck me 41%
FT
FT
Subscribers only.
https://www.ft.com/content/91712c72-908b-11e6-8df8-d3778b55a923
Interesting article. I can PM those that want to read it.
Basically, the government will be taken to court to see if triggering A50 without parliamentry consent is legal.
Legal experts believe the government will be in a tough position to prove this is the case.
Interesting article. I can PM those that want to read it.
Basically, the government will be taken to court to see if triggering A50 without parliamentry consent is legal.
Legal experts believe the government will be in a tough position to prove this is the case.
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Incredible development. So is this about the government providing full transparency to the parliament on the terms of leaving the EU, and the parliament voting if they are in favour of such approach, after which Art. 50 can be triggered by the government?
Separately, one of the most striking features of the annual figures is a 44% rise in hate crimes directed at people with disabilities; the numbers have doubled in four years.
This reminds me of something
Homophobic attacks went up as well
https://www.washingtonpost.com/news...-u-k-have-risen-147-since-brexit-report-says/
Yes, there are two possibilities.
!. The government agree with parliamant on the negotiating position the government will take into talks with the EU
2. The parliament will vote on the preliminary deal with the EU before it is triggered
Problem with 2 is that, EU have said there will be no preliminary talks.
Agree with this comment to a degree.
Im not advocating Unilever nor saying they are in the right, merely stating the realities of how BrExit is affecting them.
However what I will say after 11 years of working for them is they are the most professional and ethical organisation I have come across. I refuse to believe they tried to hide a price increase through the excuse of BrExit. They would never do that; i.e. the reason is as stated - an unforeseen weak pound has increased operating costs which will lower profit already built into shareholder expectations. If they cant get the price rise through, profits take a hit and the share price comes down.
Having said that, Unilever has been totally out manoeuvred in the PR war with Tesco. Which is ironic as Tesco is the corporate bully renowned for screwing suppliers and Unilever the supposed expert in marketing and consumer perception!
No need for anybody to be sympathetic to that, except to say if this happened to Unilever, one of the best run companies in the world, it will happen soon to every UK business. And its not through lack of competence but rather the self inflicted BrExit act by British people which is now devaluing their Stock market.
Still at least 'they got their country back'.
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Even if the products were manufactured in the UK, would the ingredients /components of those goods come from the UK or imported, would the machines that are used come from the UK or imported.
Sensitive question, would the people producing it be from the UK or imported.
Sensitive question, would the people producing it be from the UK or imported.
When Marmite and PG Tips enter the Brexit wars, reality starts to bite – and sooner than expected. As David Davis was on his feet in the Commons on Wednesday, refusing to defend staying in the single market, the pound plunged again. Anyone changing their money at the airport today will find everything in Europe costing them 23% more than it did on 22 June.
Unilever says all its prices must rise by 10% – which is still less than the 15% fall in the pound, so expect worse to come. The Unilever spat with Tesco over who pays is just a sideshow, as other retailers warn of steep price rises, as we import so many essentials. BT’s chairman says imported phones and broadband hubs are already up 10%. Each day the Financial Times reports more banks declaring they are moving significant functions abroad, while car manufacturers look to invest elsewhere in the EU for their new models. As prices rise, the great majority of the population, whose incomes have been stagnant for nearly a decade, will see their living standards fall.
https://www.theguardian.com/commentisfree/2016/oct/13/great-marmite-war-reality-brexit-bite
Unilever says all its prices must rise by 10% – which is still less than the 15% fall in the pound, so expect worse to come. The Unilever spat with Tesco over who pays is just a sideshow, as other retailers warn of steep price rises, as we import so many essentials. BT’s chairman says imported phones and broadband hubs are already up 10%. Each day the Financial Times reports more banks declaring they are moving significant functions abroad, while car manufacturers look to invest elsewhere in the EU for their new models. As prices rise, the great majority of the population, whose incomes have been stagnant for nearly a decade, will see their living standards fall.
https://www.theguardian.com/commentisfree/2016/oct/13/great-marmite-war-reality-brexit-bite
Also, Scotland want to leave again. Just sayin'.
Unilever's European supply chain is an ongoing 25 year project, has been designed by some of the best business minds in a generation, and maximises the benefits offered by EU membership. Its very complicated to de-link what costs are attributable to UK and what is imported, and some poor accountant is going through that painstaking exercise right now!
Same with deployment of people: Unilever, like all truly multinational British businesses would have legally benefited from the free movement of people throughout Europe, and so there will be plenty of non UK people in British Unilever factories and plenty of UK people in mainland Europe factories.
Every multinational British business would have spent years and £millions on operating successfully within the EU framework. BrExit is asking them to undo all that work.
The utter madness of Brexit is now really starting to be felt; this is a small indication of the pain in front of us. Unilever is just be a micro-ism of all UK businesses - the question you ask is an accounting cluster-f*ck and is only relevant due to political point scoring from the decision to BrExit.
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