International Consolidat... Share Discussion Threads

[m1k3y1] 29/3/2020 14:29

Ham......if you aren't able to compete globally in certain areas...why try ?
Concentrate on areas where you are successful
Offering subsidies to overseas companies to maintain a steel industry (for example) seems crazy.

[m1k3y1] 29/3/2020 14:15

logan...are you suggesting we should all go and live in Bulgaria ?

[loganair] 29/3/2020 13:22

Switzerland do not seem to have this problem.

The big problem was letting in the Romanians and Bulgarians who for them, UK minimum wage is 5 times what they would earn back in their own country with house prices around 1/10th of what they are in the UK.

I personally know Bulgarian couples who work would in the UK for 3 or 4 years, doing two jobs each, working at places like Mac Donald's who then returned home to Bulgaria bought themselves the best house in their village for cash they had saved and were able to retire.

[hamhamham1] 29/3/2020 13:14

M1. But when you are competing globally against other countries who pay lot lower wages and their state doesn't provide adequate free health, etc. You either need subsidies or as I prefer, tariffs, to level the playing field. Else you gonna lose market share, then when you gone they can ramp up the prices through lack of competition.

[m1k3y1] 29/3/2020 13:12

Qatar Airways is increasing flights while other airlines stop flying

[m1k3y1] 29/3/2020 13:07

logan......if you pay a subsidy, you are subsidising people pay / income.

If people just earned a decent wage in the first place, they could afford to pay market rates for food , services etc and subsidies wouldn't be needed.

[m1k3y1] 29/3/2020 13:05

What do these analysts get paid for ?

Qatar is a Gas producing country. It's oil production is limited.

[loganair] 29/3/2020 13:04

Collapsed airline Flybe’s administrators are in negotiations with the government to buy the regional carrier out of bankruptcy in order to protect the UK’s battered aviation sector.

EY has opened talks with government officials about nationalising the airline in order to serve the UK’s loss-making regional routes.

The talks come as business secretary Alok Sharma announced that insolvency rules would be relaxed for the duration of the crisis in order to keep as many companies trading as possible.

The legislation, which will be backdated to the beginning of March – Flybe collapsed on 5 March – will allow companies “emerge intact the other side of the Covid-19 pandemic”.

[loganair] 29/3/2020 12:58

ham - Can not put a tariff on a purely domestic thing.

On the whole I do not believe in subsidies either, however sometimes required for civic good of a country. without subsidies some parts of the country would just wither away and die.

[m1k3y1] 29/3/2020 12:37

A subsidy is just tax in another guise.
If you ensured employees earned enough money, subsidies wouldn't be needed.

[hamhamham1] 29/3/2020 12:27

Yep, they are a necessity when competing globally against other countries with much lower costs and state provisioning.
Personally I believe in tariffs over subsidies, as one costs money and the other generates money.

[m1k3y1] 29/3/2020 12:21

Ham......not getting into Brexit but subsidies are rife everywhere .

[hamhamham1] 29/3/2020 12:20

Seems quite a good site...

[hamhamham1] 29/3/2020 12:14

M1. You'll be glad we out of the EU then. The EUs budget is mostly spent on subsidies in one form or another.

[m1k3y1] 29/3/2020 12:12

I don't believe in subsidies.

[loganair] 29/3/2020 12:10

Many of the Scottish Island routes are heavily subsidised by the government.

I believe the Anglesey-Cardiff route is subsidised by the government by around £120 per passenger.

[hamhamham1] 29/3/2020 12:10

Branson will need help with his Virgin Cruises as well, could happen to a nicer tax exile, according to link below...

[loganair] 29/3/2020 12:06

Struggling Virgin Atlantic is set to ask the government for hundreds of millions of pounds of taxpayers money to help it stay afloat during the ongoing coronavirus pandemic.

Requests for state help are expected from several other airlines, but Virgin Atlantic led the calls for aid two weeks ago as bookings fell away to almost zero.

But UK chancellor Rishi Sunak has told the struggling aviation industry he will only assist firms on a case-by-case basis.

[m1k3y1] 29/3/2020 12:03

logan...so GOV to operate non profit making routes, in a business they know nothing about ...with taxpayers money ....because ?

[loganair] 29/3/2020 11:49

It may make sense for the UK Government to buy Flybe out of administration for £1, then to operate a slimmed down Flybe, maybe 15 or 20 aircraft on the domestic routes that other operators do not want to take on.

[smartie6] 29/3/2020 11:45

What do you call something that’s redundant and parked for a lifetime on tarmac?


IAG stock.

[m1k3y1] 29/3/2020 11:09

logan....why ....what a waste of taxpayers money and who is going to run it ?