Post-Brexit spending freeze in UK is real, says enterprise distie titan Arrow Electronics Inc’s Enterprise tech division in Britain was struck by delayed spending among customers following the outcome of the EU Referendum, the distributor’s chief bean-counter claimed last night. CFO Chris Stansbury estimated “late purchases and weakening of accounts” after the 24 June vote “negatively impacted our …
What do you mean, this is great news for the environment.
Billions of pounds less IT waste will be produced as the life of perfectly-functional existing kit is extended. With rising prices, more consumers will only replace the kit they really need to.
The bad news is that the world economy is growing faster, resulting in more pollution, and environmental destruction to satisfy excessive material consumption.
http://www.telegraph.co.uk/business/2016/08/01/surging-world-growth-makes-a-mockery-of-brexit-panic/
I think she'd prefer Davis to crawl back from Brussels with the "news" that there's no deal to be made. And she's probably prepared to wait several months for that, even though everybody with half a brain already knows it, because when Davis says it, even the Daily Mail will have to take notice. (Of course, they'll distort it by blaming the EU for sticking to its founding principles, the ones that two Conservative prime ministers, Heath and Thatcher, solemnly committed us to.)
But just to be on the safe side, make sure you write to your MP telling him or her to vote down any attempt to trigger Article 50, whatever the whips say.
This post has been deleted by its author
"....Oh wait.. blames Brexit...." I wonder how much of the "delayed payment" was the cut in Deutsche Bank orders? I'm not sure Deutsche Bank can get away with blaming all their woes on Brexit, though the Remainers will probably try.
Well the article does throw unconnected financial figures around with gay abandon. However, it seems the UK operation has an annual turnover of circa 150m GBP, so 40m GBP of delayed orders will have an impact on the UK operations end of year figures.
The real question is what is Arrow Electronic Inc. going to do to help it's UK operation over this tough trading period. As this can make the difference between some things simply being delayed for a while and hence some temporary belt-tightening and the operation being downsized and people being laid off...
Oop's overlooked the use of USD in the article for UK number (at least the article was consistent in using USD).
So the 40m USD, I suspect also takes account of the circa 15% reduction in the value of Sterling against the Dollar that has happened so far this year.
Given the UK's turnover is circa 150m GBP and using an initial exchange rate of 1.45USD=1GBP and a current rate of 1.3USD=1GBP, it would seem the actual reduction in UK sales is circa 14m GBP.
I'd pretty much consider laying money on the chances that whatever nasties come out of that Brexit vote there will be plenty of people, not just El Reg commentards, who will find some way to explain that either; a.) It isn't really representative of what's happening and point to some company who seem to be doing OK (whether relevant or not), b.) It would have happened anyway or c.) It's those Remainers' fault for not being positive enough.
I find there's a particularly snide level of hysterical arrogance from people who voted to remain in the EU and didnt get their way. They blame the (narrow) margin of the vote on protest votes or Northerners voting because they dont understand what they're doing. Guess what - that's democracy and everyone gets a vote - no-one's vote is more valuable or righteous than anyone else's.
...and BTW, no you can't just keep re-running the referendum until you get the result you want - that also isn't how democracy works. If you (exiteer/remainer) couldn't get your shit together and turn up on voting day then don't bother whingeing about it now - complacency isnt an excuse or evidence that your opinion is more valid.
Personally, I don't know anyone who regrets the way they voted (either way). Lots of nervousness about how things will progress and concern that those governing may not be up to the job.
Johnson gave appalling performances in the debates and the fact is that we voted to leave _in spite_ of his desperate wannabe Churchill-act. I'm astonished he's still in government let alone in his new role as foreign secretary.
The Register 
Biting the hand that feeds IT
Copyright. All rights reserved © 1998–2024
