Re: Post-Brexit Thread
 

It has been Lidl's intentional plan like Aldi to expand their stores portfolio and has been for several years and and this is just their next step along that road.

Re: Post-Brexit Thread
 

How about we start highlighting the negative consequences for the rest of the EU, if they don't come to an agreement with us.

Re: Post-Brexit Thread
 

It does however illustrate that Brexit is not a barrier to European investment in the UK.

Re: Post-Brexit Thread
 

That's not a new announcement, it dates back to 2015! The company is reconfirming its three-year plan as it has just been granted planning permission for its site in Tolworth it acquired last year! Bad news for the more extreme Brexiters in town though as more of the country is exposed to European control and influence.
http://www.thisisourtownkingston.co....worth/07161000

Any company is allowed to carry forward losses from previous years to offset against corporation tax and they all do it. That's one reason why VM was acquired by Liberty Global. This applies to any industry sector, not just financial services.

The banks aren't going to Brussels - Dublin, Amsterdam, Frankfurt and Paris seem to be the favoured locations at the moment.

And yes, we do need financial services companies to support this country financially. "as an industry financial services, in total, contributes £66.5 billion in taxes to the UK exchequer in 2014/15, an increase of 1.4% from the previous year. This represents 11.0% of the total UK government tax receipts from an industry that employs 1.1 million people."

That pays for a lot of schools, hospitals, roads and armed servicemen. Are you proposing we cut them all by 11%?
https://www.cityoflondon.gov.uk/busi...-Tax-2015.aspx

---------- Post added at 11:24 ---------- Previous post was at 11:17 ----------

Both parties (EU 27 and UK) will end up with some kind of agreement come what may. What that agreement is is the crucial thing.

Re: Post-Brexit Thread
 

l never said it was as l was just pointing out that the two named discounters have had these plans for years and would have invested whatever happened with the referendum result..

Re: Post-Brexit Thread
 

well i think its good news ,but i want the UK to be a success post brexit ..

Re: Post-Brexit Thread
 

On the other hand this type of investment just generates profits within the UK and then ships them out. Manufacturing is different in that the profits are in part generated outside the UK, ie from exports.

Re: Post-Brexit Thread
 

Hopefully all those new Lidl employees will press their MPs for a soft Brexit with freedom of movement and no tariffs. :)

Re: Post-Brexit Thread
 

there has always been freedom of movement around London for local workers

Re: Post-Brexit Thread
 

Except in areas "served" by Southern Rail. :D

Re: Post-Brexit Thread
 

Ah, Corbynista heaven!

Re: Post-Brexit Thread
 

I think the 360,000 London-based employees of those financial organisations may disagree with you...

https://www.statista.com/statistics/...ent-in-london/

Re: Post-Brexit Thread
 

from the article
The standard corporation tax rate is 20 per cent, meaning five big banks paid less than a third on average

your figures look like all of the financial sector -have you been over egging the pudding you crafty little remoaner

Re: Post-Brexit Thread
 

Corbynista heaven is seen as Islington and other well-heeled areas of north London. Not Croydon etc where Southern goes.

Re: Post-Brexit Thread
 

That doesn't mean that the Corbynistas are not enjoying every minute of the suffering of those affected.