Cyprus-Forum.com

[Paul ZKTV]

EASYJET is to move it head office and planes registration from UK to SWITZERLAND to continue to be able to fly in EU
this will mean all profits and aircraft taxes will now be paid in SWITZERLAND

EASYswiss.jpg

[Maximus]

Big business was for the UK to remain in the EU.

[Paul ZKTV]

Big business was for the UK to remain in the EU.

Now Big business is leaving the UK - HSBC have already started to more TECH from LONDON to their
PARIS office ....

[miltiades]

Unfortunately these are the first to do so, or intend to do so. Many more will soon follow. A disastrous decision to exit the EU that will create numerous problems to all of the UK citizens.
My own prediction is that STG will soon come down further, one euro to one pound ? Very possible.

[Paul ZKTV]

Unfortunately these are the first to do so, or intend to do so. Many more will soon follow. A disastrous decision to exit the EU that will create numerous problems to all of the UK citizens.
My own prediction is that STG will soon come down further, one euro to one pound ? Very possible.

its only because its worked out in dollars.but the UK dropped to no.6 in the world for two hours and is expected
to do that next week .

[miltiades]

Unfortunately these are the first to do so, or intend to do so. Many more will soon follow. A disastrous decision to exit the EU that will create numerous problems to all of the UK citizens.
My own prediction is that STG will soon come down further, one euro to one pound ? Very possible.

its only because its worked out in dollars.but the UK dropped to no.6 in the world for two hours and is expected
to do that next week .

Although I follow currency markets daily I make transactions in dollars a couple of times a month. Most of my transactions are in Euros as we import a great deal of goods from Italy, Germany, Holland and Greece. I have already felt the pinch, on Monday we shall look at our prices with a view of an imminent increase as a result of the exchange rate.

Its a world that revolves around money, if you are in business then your prime priority is to make money in order to meet your commitments, wages, rents, rates etc. I'm concerned that imports from the EU are already 6-7% higher than a few days ago.

[B25]

EASYJET is to move it head office and planes registration from UK to SWITZERLAND to continue to be able to fly in EU
this will mean all profits and aircraft taxes will now be paid in SWITZERLAND

EASYswiss.jpg

Firstly, is there anyone that doesn't want to fly into the UK??? I seriously doubt it, in which case, MFs like Easyjet (a waste of F space if you ask me), and anyone else should be made to pay a tariff to compensate. Job done. Bugger off and pay the tariff simples.

[B25]

Unfortunately these are the first to do so, or intend to do so. Many more will soon follow. A disastrous decision to exit the EU that will create numerous problems to all of the UK citizens.
My own prediction is that STG will soon come down further, one euro to one pound ? Very possible.

its only because its worked out in dollars.but the UK dropped to no.6 in the world for two hours and is expected
to do that next week .

Although I follow currency markets daily I make transactions in dollars a couple of times a month. Most of my transactions are in Euros as we import a great deal of goods from Italy, Germany, Holland and Greece. I have already felt the pinch, on Monday we shall look at our prices with a view of an imminent increase as a result of the exchange rate.

Its a world that revolves around money, if you are in business then your prime priority is to make money in order to meet your commitments, wages, rents, rates etc. I'm concerned that imports from the EU are already 6-7% higher than a few days ago.

That's nonsense Milti, just an excuse. When the pound was only worth 1.08 euros and stayed at 1.10 for some time you didn't complain then. You are just using this as an excuse as you have no case. Even a few day before the referendum it was between 1.26 and 1.30. Now it's 1.23, hardly a million miles away is it. Stop whinging give it time and thing will find their equilibrium, instead of scaremongering.

[miltiades]

Unfortunately these are the first to do so, or intend to do so. Many more will soon follow. A disastrous decision to exit the EU that will create numerous problems to all of the UK citizens.
My own prediction is that STG will soon come down further, one euro to one pound ? Very possible.

its only because its worked out in dollars.but the UK dropped to no.6 in the world for two hours and is expected
to do that next week .

Although I follow currency markets daily I make transactions in dollars a couple of times a month. Most of my transactions are in Euros as we import a great deal of goods from Italy, Germany, Holland and Greece. I have already felt the pinch, on Monday we shall look at our prices with a view of an imminent increase as a result of the exchange rate.

Its a world that revolves around money, if you are in business then your prime priority is to make money in order to meet your commitments, wages, rents, rates etc. I'm concerned that imports from the EU are already 6-7% higher than a few days ago.

That's nonsense Milti, just an excuse. When the pound was only worth 1.08 euros and stayed at 1.10 for some time you didn't complain then. You are just using this as an excuse as you have no case. Even a few day before the referendum it was between 1.26 and 1.30. Now it's 1.23, hardly a million miles away is it. Stop whinging give it time and thing will find their equilibrium, instead of scaremongering.

This time is vastly different from previous lows. A few years back it was 1.03 euros to the pound. Now however the indications thus far is that sterling will continue to fall, the Bank of England intervention on Thursday helped to lift up stg from 1.20 to todays level of 1.23 , but how far van the Bank Of England's intervention last. Let me give you my own prediction of the levels this time next week. Sterling will go down to well below 1.20, I do sincerely hope that I'm wrong as I have to make purchases from the EU and every penny counts.

I had no reason to complain when the pound was trading at below 1.10 as our pricing was based on the exchange rate then.
90% of my business is fabrication, installations and affiliated works, apart from labour all is imported from the EU.
Another " cash flow" benefit is that VAT was not levied on imports but had to be accounted for in your quarterly returns. This does help since we do not get paid up front.
Lets see what happens on Monday...

[Maximus]

EASYJET is to move it head office and planes registration from UK to SWITZERLAND to continue to be able to fly in EU
this will mean all profits and aircraft taxes will now be paid in SWITZERLAND

EASYswiss.jpg

Firstly, is there anyone that doesn't want to fly into the UK??? I seriously doubt it, in which case, MFs like Easyjet (a waste of F space if you ask me), and anyone else should be made to pay a tariff to compensate. Job done. Bugger off and pay the tariff simples.

Its a different matter when you relocate the business to a different country. Tax revenues and jobs go abroad. The UK is going to be left out of pocket with unemployed people on social benefits.