3 ms·

It's worth bearing in mind that Brexit / value of £ is a handy scapegoat because it takes the heat off the board and executive team. I worked for a company tha

It's worth bearing in mind that Brexit / value of £ is a handy scapegoat because it takes the heat off the board and executive team. I worked for a company that anybody would have imagined would have suffered heavily from Brexit but it actually ended up coming out ahead because the benefit of weaker competition getting torched outweighted the negatives of lower aggregate demand. I'm sure Brexit had an effect, but I'm equally sure it was deliberately exaggerated. I would imagine it was nearly all online competition and their failure to respond that killed them. 3 is probably simply a tacit recognition that their situation is not going to improve and that they are not a good credit risk.

billpg 9y ago
The first rule of Brexit Club is that bad things are never the fault of Brexit - but always someone else's fault. Those damn remoaners talking Britain down, they caused Maplin to fail!
- crdoconnor 9y ago
  Honestly, the only sane contingent on the Brexit<->anti-Brexit spectrum are weak remainers. The rest are either crazies with a near religious fervour (at the extreme ends of the spectrum), those chronically incapable of seeing any point of view other than their own or the easily duped. Some people are all three. Regardless, the first rule of executive club is to shift the credit and shift the blame - such that you get the credit and somebody (or something) else gets the blame.
  - pjc50 9y ago
    I think the PM counts as all three by now; today's absurdity is "absolutely committed to dithering" [on the issue of the Irish border] https://twitter.com/AdamBienkov/status/968828871356403712 https://twitter.com/AdamBienkov/status/968828871356403712
    - crdoconnor 9y ago
      I heard her approach to Brexit described as incompetently executed realpolitik. I think that's an accurate assessment. I don't think the actual outcome matters much to her at all - just staying in power. Also she's getting played. Hence dithering.

billpg 9y ago

The first rule of Brexit Club is that bad things are never the fault of Brexit - but always someone else's fault. Those damn remoaners talking Britain down, they caused Maplin to fail!

crdoconnor 9y ago
Honestly, the only sane contingent on the Brexit<->anti-Brexit spectrum are weak remainers. The rest are either crazies with a near religious fervour (at the extreme ends of the spectrum), those chronically incapable of seeing any point of view other than their own or the easily duped. Some people are all three. Regardless, the first rule of executive club is to shift the credit and shift the blame - such that you get the credit and somebody (or something) else gets the blame.
- pjc50 9y ago
  I think the PM counts as all three by now; today's absurdity is "absolutely committed to dithering" [on the issue of the Irish border] https://twitter.com/AdamBienkov/status/968828871356403712 https://twitter.com/AdamBienkov/status/968828871356403712
  - crdoconnor 9y ago
    I heard her approach to Brexit described as incompetently executed realpolitik. I think that's an accurate assessment. I don't think the actual outcome matters much to her at all - just staying in power. Also she's getting played. Hence dithering.