Reply to: The Great Brexit Healthcare disaster

[northernladyuk]

To create a manufacturing base in a country, you need to invest in education and infrastructure. It's at least one decade of investment before the returns start to happen. The current government aren't interested in that - as their supporters are talking about on other threads, the direction looks like it's heading towards tax breaks for foreign investment, rather than support for local people and business.

Stop talking down the economy. It worked fine for Zimbabwe.

[WTFH]

To create a manufacturing base in a country, you need to invest in education and infrastructure. It's at least one decade of investment before the returns start to happen. The current government aren't interested in that - as their supporters are talking about on other threads, the direction looks like it's heading towards tax breaks for foreign investment, rather than support for local people and business.

[northernladyuk]

Fair point, but you can turn it round and argue that if all these foreign manufactured goods become more expensive after Brexit that is an incentive and opportunity to bolster British manufacturing.

In the longer term that would benefit exports, assuming British-made goods weren't a load of tat (which I fear is what would happen, as we are largely a nation of cheapskates obsessed with price and neglecting quality).

Jesus wept.

[OwlHoot]

I love a comedian.
What British goods? Name one British made/owned item in your house.
Then count the non-British items.

Here's a quick inventory in my house:

German: cooker, dishwasher, dryer, vacuum cleaner, car
Korean: 3/4 TVs, washing machine, fridge
Chinese: Lenovo Thinkpad and no doubt lots of little things like kettles toasters etc.
American: Apple ipad, imac
Engish: Vacuum cleaner (Dyson) unused due to being sh1te.

Fair point, but you can turn it round and argue that if all these foreign manufactured goods become more expensive after Brexit that is an incentive and opportunity to bolster British manufacturing.

In the longer term that would benefit exports, assuming British-made goods weren't a load of tat (which I fear is what would happen, as we are largely a nation of cheapskates obsessed with price and neglecting quality).

[northernladyuk]

I love a comedian.
What British goods? Name one British made/owned item in your house.
Then count the non-British items.

Here's a quick inventory in my house:

German: cooker, dishwasher, dryer, vacuum cleaner, car
Korean: 3/4 TVs, washing machine, fridge
Chinese: Lenovo Thinkpad and no doubt lots of little things like kettles toasters etc.
American: Apple ipad, imac
Engish: Vacuum cleaner (Dyson) unused due to being sh1te.

I have a bottle of Henderson's Relish about the house somewhere.

[sasguru]

Not sure why you think Brexit is related to the drop in the pound?

Carney promised to raise interest rates if we voted for Brexit. So we did. Then he betrayed us by doing the opposite and lowering interest rates, destroying the pound.

The reason why the NHS doesn't have the extra money is because the remainiac Theresa May has wasted 600 million so far by refusing to send the Eurocrats a letter.

Alice through the looking Glass

[scooterscot]

Not sure why you think Brexit is related to the drop in the pound?

[hugebrain]

Not sure why you think Brexit is related to the drop in the pound?

Carney promised to raise interest rates if we voted for Brexit. So we did. Then he betrayed us by doing the opposite and lowering interest rates, destroying the pound.

The reason why the NHS doesn't have the extra money is because the remainiac Theresa May has wasted 600 million so far by refusing to send the Eurocrats a letter.

[darmstadt]

The devaluation of sterling will not lead to a rise in manufacturing.
It never has in the past, mainly due to the short-termism of British capitalism.
Having a successful manufacturing industry like Germany requires a long-term strategic thinking that is absent here.

Like this, possibly: 'Sensationally' strong industry orders set Germany up for buoyant 2017 start | Reuters

[sasguru]

I am talking about the -increase- in manufacturing as a result of the cheaper currency. Started from a low base there is plenty of scope to grow.

Sure we import raw materials, which will go up in price, but the profit, and therefore the growth opportunities come from the higher price of the end sale. So as the currency has gone down 20%, that uplift, the difference, is up 20% in our currency.

The devaluation of sterling will not lead to a rise in manufacturing.
It never has in the past, mainly due to the short-termism of British capitalism.
Having a successful manufacturing industry like Germany requires a long-term strategic thinking that is absent here.

[GJABS]

I love a comedian.
What British goods? Name one British made/owned item in your house.
Then count the non-British items.

Here's a quick inventory in my house:

German: cooker, dishwasher, dryer, vacuum cleaner, car
Korean: 3/4 TVs, washing machine, fridge
Chinese: Lenovo Thinkpad and no doubt lots of little things like kettles toasters etc.
American: Apple ipad, imac
Engish: Vacuum cleaner (Dyson) unused due to being sh1te.

I am talking about the -increase- in manufacturing as a result of the cheaper currency. Started from a low base there is plenty of scope to grow.

Sure we import raw materials, which will go up in price, but the profit, and therefore the growth opportunities come from the higher price of the end sale. So as the currency has gone down 20%, that uplift, the difference, is up 20% in our currency.

[NigelJK]

Gone are the days of being able to buy products in Europe ,put them on a lorry, next stop Wiltshire, saving clients money and reducing healthcare spend.

Another crystal ball gazer thinks it's real life.

5% of the profit for a manufactured item comes from the actual manufacture.

[SueEllen]

DYsons are built in Asia AFAIK. But my point is that at least the profits come into the UK. Or do they?
At least they do support some engineering jobs here.
But Dyson is an exception.
The UK does have some world class manufacturing in Rolls Royce, BAe and the like but no real volume consumer goods manufacturers unlike Germany, Japan or Korea.

Last time I read it Dyson was as bad as everyone else.

[darmstadt]

Is the Dyson actually British? The design may be but the build isn't necessarily.

Any fule knows that James Dyson, the man who loves Britain so much that he supported Brexit builds his goods in countries where labour is cheaper....He could have continued to build them here, i.e. got tax subsidies to build factories in high unemployment areas but he only wanted one place which he couldn't get so buggered off abroad, nice...

[sasguru]

Is the Dyson actually British? The design may be but the build isn't necessarily.

Same with the iPad and iMac being American.

I have a Henry - Numatic - and apparently my particular model is British designed and built. Though I suspect all the components inside and the materials are from all over the world.

DYsons are built in Asia AFAIK. But my point is that at least the profits come into the UK. Or do they?
At least they do support some engineering jobs here.
But Dyson is an exception.
The UK does have some world class manufacturing in Rolls Royce, BAe and the like but no real volume consumer goods manufacturers unlike Germany, Japan or Korea.