Melrose Industries Share Discussion Threads

[brexitplus] 26/1/2020 13:41

Keyno

I’m not fussed about the quality of the paper, just that it is a view from Germany that I haven’t seen before. As the paper with the biggest circulation in Germany it will have a large number of people agreeing with it.

In addition to the Times and Telegraph, I also look at the Grauniad, Indy and FT, all of which are Remoan and liberal/left biased.

[turvart] 26/1/2020 12:46

Meanwhile

Praise the Lord meanwhile that invests in MRO, let all little children come up to meanwhile and he states to the little children, invest all your pension fund into MRO!

[keyno] 26/1/2020 12:41

B+ - My comment re Bild has nothing to do with taste but more to do with the fact that the paper is a red-top. The "large editor's" opinion, whether of the Mirror, Sun, People or Bilge doesn't really count much for me. I try not to suffer from confirmation bias either though it's a problem we all have.

I look forward to seeing pics from your Brexit bash.

PS I see Tuvart is beginning to get sweary again, with no wit. Might put him back on filter.

[turvart] 26/1/2020 12:39

Real clever person ain't you meanwhile with MRO!

[turvart] 26/1/2020 12:36

Meanwhile?

OH really!

[meanwhile] 26/1/2020 12:26

Turvart,

Your question "what did MRO have to offer before they bid for GKN?"

I can't communicate with someone like you.

To answer your question, you'll have to look at the Melrose Website, Company History and find a share price chart for the period from the Company's setup in 2003 to 2018, before GKN.

[meanwhile] 26/1/2020 12:16

getting,

Yes, I wish I had your analytical skills.

[brexitplus] 26/1/2020 12:15

Oh, come on. Why can’t we all just get along?!!!

[turvart] 26/1/2020 12:05

The simple fact was that MRO needed GKN on board!, MRO would be nothing without GKN onboard!

[turvart] 26/1/2020 11:59

Meanwhile,

Ask yourself a simple question? what did MRO have to offer before they bid for GKN?

[gettingrichslow] 26/1/2020 11:59

Maybe we should seek the view of an ex-Prime Minister of a country that has already left the EU? What might he say?

Why Britain, like Iceland, will thrive outside the EU

David Gunnlaugsson
24 August 2019 9:00 AM

Iceland's ex-prime minister David Gunnlaugsson (Getty)

I have no doubt that Britain will thrive after leaving the EU, whether or not it leaves with a deal. I say this as a former prime minister of a country, Iceland, which left the EU before it had even joined — and which went on to prosper in a way which would have been impossible had its application for membership been carried through to conclusion. I think Britain can learn from Iceland’s experience and find a way to avoid any major disruption when 31 October comes round.

In late 2008 Iceland suffered especially harshly from the international financial crisis. The country’s banking system experienced a near-total collapse. The value of the currency tumbled, inflation surged, government debt as a percentage of GDP more than tripled in an instant. In 2009, a new government formed by the two parties on the left submitted an application for EU membership. The rationalisation offered to the public was that joining the EU was the only way to survive.

Iceland was already a member of the European Economic Area (EEA), which facilitates free trade with the EU. But after the application was submitted, the EU became increasingly stringent regarding the implementation of EU regulations in Iceland. Many of Iceland’s bureaucrats were enthusiastic about obliging.

The elections of 2013, however, brought a halt to accession talks, and in 2015, my government formally withdrew Iceland’s application for EU membership. I had come to the conclusion that withdrawing the application was essential in order for us to be able to make the arrangements necessary for successfully rebuilding the economy.

And bounce back we did. Soon Iceland had the highest GDP growth rate of any developed country. We saw the sharpest fall in government debt achieved by any nation in modern history. Unemployment shrank and, at the same time, we invested heavily in healthcare and other essential services.

Yet the methods we used to bring this remarkable transformation about would not have been possible had we joined the EU and adopted the euro and become bound by EU regulations. Had we done so, our fate would very likely instead have resembled that of Greece.

My government’s decision to withdraw the application for EU membership was, of course, met with hostility from globalists, both foreign and domestic. At every step we were treated to predictions of impending catastrophe very similar to those now being ascribed to Brexit. How odd that adherents of a new global order continue to advocate an international system based on fear and submission rather than reciprocity.

If Iceland, while outside the EU, can achieve the highest level of growth of any western nation so soon after the collapse of its banking system and public finances, then I’m sure that a post-Brexit Britain — the world’s fifth-largest economy — can prosper, too. Nevertheless, there will certainly be some negative short-term consequences from leaving the EU. What can you do to avoid them?

One possible solution is for the UK to become a temporary member of the EEA agreement along with Iceland, Norway, and Liechtenstein and, of course, the EU. Here the word ‘temporaryR17; is paramount. It could be for a few years or longer — depending on the time needed to make other arrangements.

By doing so, the UK would be out of the EU at the end of October while still retaining free trade with the EU. You would immediately be able to make new free trade agreements all over the world. Iceland has more free trade agreements than most other countries, including the first such agreement made with China by a European country. In talks on free trade, the UK would be negotiating from a position of strength.

In becoming a member of the EEA, the UK would be joining a system that is already tried and tested. There could be a smooth transition, with no need for a frantic attempt to create a complicated new mechanism in a matter of weeks. Citizens’ rights would be guaranteed while a new framework is developed. And the same goes for trade in goods, services and capital.

What’s more, there would be no hard border in Ireland, just as there is no hard border between Sweden (EU) and Norway (EEA) or Germany (EU) and Switzerland (which has its own bilateral deal with the EU). Luckily, neither the UK nor the Republic of Ireland is a member of Schengen, so there are no problems on that front. And being out of Schengen will allow the UK to protect its other borders, as it does now.

Under the EEA, Britain would immediately be in full control of its fisheries — as Iceland is — and in a position to make its own arrangements for agriculture. Given the size of the UK population compared to its farming sector, any drop in agricultural exports would be more than offset by farmers winning an increased share of domestic consumption.

Admittedly, Britain would still face the burden of implementing some EU regulations while the EEA membership lasts. That would, however, only be a fraction of what the UK has put up with for decades. During the first 20 years of the EEA agreement, Iceland implemented on average around 13 per cent of EU regulations each year.

The question is: will this solution be acceptable to the EU? There is no reason why it shouldn’t be. After all, it would be using an instrument of the EU’s own making, because the EEA agreement was originally envisioned as a means of easing reluctant countries into the EU. Some might find it unsettling if the EEA were turned on its head and used to ease a country’s passage out of the EU.

However, the EU is now having to face a democratic decision by one of its members to leave. If the Union’s primary objective in those circumstances turns out to be punishing the citizens of the outgoing country for their decision — even if that means causing great damage to the remaining countries — then it is hardly a great advert for EU membership. If this does turn out to be the case, the sooner Britain leaves, the better. Let the EU do their worst. Britain will do its best and I am sure that will be good enough.

[turvart] 26/1/2020 11:56

Meanwhile,

No I'm not losing anything! GKN are the powerhouse behind MRO!

[gettingrichslow] 26/1/2020 11:51

“getting,

you've never praised me the way you have with Tournesol.”

That’s not strictly true Meanwhile. I’ve praised many of your posts in the past, including your points over the years on the EU etc, but I’ve also been critical of some of your posts, particularly when you’ve attempted to be ‘analytical217; which, frankly, I don’t think is your strongest suit and you get a bit overwhelmed.

As I’ve said before, some of your posts on Melrose in late 2017 and early 2018 were of high quality, and I hope you can regain that form.

[minerve 2] 26/1/2020 11:51

tournesol

You make some points and then I ask a question. You state the EU have been brainwashing the youth and I ask you this question:

Do you not think Rupert Murdoch via his UK tabloids and his US Fox channel does exactly the same thing?

If you are going to remove the EU, which I agree wasn't perfect, you have to be absolutely sure you are going to replace it with something better. To suggest we are gaining democracy and sovereignty by leaving is fallacy if you are a trading nation. Larger trading blocks will use their economic weight to force standards and policy upon us. We are already seeing this with our likely capitulation on digital tax with the US.

MEPs were supposed to be representing us in Brussels and if you think we have failed in steering the EU more in our direction that is the failing of UK politicians, government and MEPs. Farage carries the most guilt in this regard. A member who doesn't want to be a member should never have been allowed to be a member. You'll never get anything done if members just want to cause confusion and not put UK's interests forward with regards to staying in the membership.

It seems you have travelled all over Europe, very fortunate. I hope you realise that the privileged position you baby boomers have had over the last four decades could now be taken away from our youth. My daughter has put much effort into learning languages with the view to perhaps working in the EU. You have just made her opportunity more difficult for some fantasy of imperialism of old, and are probably unlikely to be around, once and if, the benefits start to show. In all likelihood they won't.

Boris will borrow and pump billions into the economy and the gammons will buy it as if it is a Brexit effect. It will not be and the Ponzi scheme with soon run out unless very clever policy and infrastructure is put in place to quickly replace it.

A company that uses JIT manufacturing will not be able to compete - all things being equal - with supply chains and customers across a UK border than within the EU. I hope you understand that very basic concept that the Bolsover and Crewe and Nantwich gammons didn't seem to grasp. We cannot be a successful nation based on corner shops, selling pork pies and entertaining GIG economy - I hope you understand that too.

[meanwhile] 26/1/2020 11:35

Turvart,

You're losing it again.

[turvart] 26/1/2020 11:13

GKN will pull MRO up, but to be serious honest it shouldn't be like that! MRO would be nothing if they didn't have GKN on the books!

[turvart] 26/1/2020 11:09

To be honest on what I have researched I really wish GKN could not have been a takeover bid from MRO because GKN have so much to offer!

[turvart] 26/1/2020 11:04

Meanwhile,

I'm sorry if I got side tracked with the Brexit talk, I confess I made a mistake but It's so easy to get side tracked into that sort of talk.

[turvart] 26/1/2020 11:00

For the record getting back to MRO then yes I'm very positive about MRO, they bought out GKN of which is going to be a power house in the defence sector.

[meanwhile] 26/1/2020 10:59

Turvart,

Having translated your latest post, you have now regained my support.

[meanwhile] 26/1/2020 10:57

getting,

you've never praised me the way you have with Tournesol.

[turvart] 26/1/2020 10:55

To be honest Meanwhile, I'm not really bothered what you think of me, I know what GKN are going to do, the chat went into Brexit of which I admit I got caught up into the conservation, but at the end of the day it's the MRO thread and Yes I'm positive!