If you look back in the thread you will find it wasn't me who first mentioned Rivington biscuits. In fact it was a previous poster who mentioned a company going bust due to Brexit and I asked which one. I then found my own link to the story.SJ wrote:Imedlocke wrote:http://www.express.co.uk/news/politics/ ... ng-Britain
I don't read the Newspapers generally ( all biased). However this article makes good reading and is clearly unbiased quoting independent authorities.
The ussual nonsense reposte from WW but nothing from Dave O who was quick to tell us re the pending demise at Rivington a local company presumably yet no mention of the CB I 's figures. Is he biased ) we know WW is off is Tilley but Dave? He really does take the "biscuit "
As to the Express and its quotes, it is the most useless rags for facts anywhere. Even worse than the Mail and that link quotes John Redwood and Jacob Rees-Mogg who are the biggest idiots in parliament and as biased as they come.
The constant "Oh look the economy is booming" quotes from leavers and papers like the Express is quite frankly idiotic. We have not left yet and so aren't trading under WTO rules and without a trade agreement with the EU.
None of this head-in-the-sand optimism makes one iota of difference to jobs lost as a direct result of Brexit at Rivington biscuits or Exxon Mobil where my relative works.
For Rivington:
Russell Cash, partner at FRP Advisory administrators, said: "A sustained deterioration in trading conditions and significant additional pricing costs since the summer following the sharp fall in the value of the pound, left the business facing unsustainable cash-flow pressure.
Rees-Mogg can say what he likes. He says the falling pound is stimulating trade, well, over 100 people are facing redundancy as a direct result of the falling pound due to Brexit and I would not be surprised if they all voted Leave.
Mind you people will read what they want to see. That very linked article also says:
Where is that higher inflation coming from? The falling pound Rees Mogg is so fond of.Manufacturers' expectations for output price inflation is at its highest since mid-2011, and the CBI says consumer services and distributive sector firms are already expecting a slowdown in growth over the next few months.
CBI principal economist Alpesh Paleja said: "It's great to see the economy end the year on the up, with growth strengthening across the private sector.
"However, economic growth is likely to soften next year, as heightened uncertainty hits business investment and higher inflation weighs on household spending.