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Will They Survive?

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    #16
    Surely the least of our concerns is the fate of cruise companies in the medium term.

    The economy was tanking even before coronavirus and is now in freefall. Hundreds of billions are wiped off the share value of companies, Retail (other than the essentials suppliers) are already suffering loss of confidence in buyers, (and) people are being asked to stay off work and receiving about half a standard state retirement pension in sick pay. given that many are only a couple of paydays from payday loans.........

    BA is already into doom and gloom messages suggesting the least worst scenario is redundancies, The global tourism experts are suggesting 15 million redundancies (globally) etc. Our "trade partners" have all the same issues and once there is a recovery they will not be friendly to any imports, especially if tariffs are added.

    And of course just as the recovery starts we leave the EU transition period and move into WHO trading model. The EU26 will undoubtedly close ranks and help each other to protect the Euro economy.

    And how soon will trade talks resume with our new best friend - the USA?

    So who cares that cruise companies fail?

    The only upside I can see is that the surviving cruise companies will have to fill their ships and offer amazing deals to get us back.

    But worry not - Boris "Winston" Johnson will lead us through the crisis with uplifting motivational speeches and real economic skills. (e.g. We must prepare to lose our loved ones before their time.)

    Cheers

    Tony B

    Comment


      #17
      Ah Toshtosh

      Ever the optimist.

      I care if cruise lines fall. I care about the wonderful staff who will lose their livelihood if nothing else!

      Comment


        #18
        Greta will be pleased..BA and Norwegian Air in trouble..
        She wanted to stop flights but as Mrs M says she never thought about those that will be out of work

        But then she and her handlers are making loads of money so why would they care?

        And didn't you just know that once he'd resurfaced that my old mate Tosh would somehow get it back to blaming Brexit.


        Garf.
        Last edited by Garfield, Waterlooville; 13th March 2020, 06:28 PM.

        Comment


          #19
          Originally posted by toshtosh, Guiseley View Post
          Surely the least of our concerns is the fate of cruise companies in the medium term.

          The economy was tanking even before coronavirus and is now in freefall. Hundreds of billions are wiped off the share value of companies, Retail (other than the essentials suppliers) are already suffering loss of confidence in buyers, (and) people are being asked to stay off work and receiving about half a standard state retirement pension in sick pay. given that many are only a couple of paydays from payday loans.........

          BA is already into doom and gloom messages suggesting the least worst scenario is redundancies, The global tourism experts are suggesting 15 million redundancies (globally) etc. Our "trade partners" have all the same issues and once there is a recovery they will not be friendly to any imports, especially if tariffs are added.

          And of course just as the recovery starts we leave the EU transition period and move into WHO trading model. The EU26 will undoubtedly close ranks and help each other to protect the Euro economy.

          And how soon will trade talks resume with our new best friend - the USA?

          So who cares that cruise companies fail?

          The only upside I can see is that the surviving cruise companies will have to fill their ships and offer amazing deals to get us back.

          But worry not - Boris "Winston" Johnson will lead us through the crisis with uplifting motivational speeches and real economic skills. (e.g. We must prepare to lose our loved ones before their time.)

          Cheers

          Tony B
          Hi Tony

          I am no fan of Boris but I think he is handling this well because he is letting the scientific boffins lead.

          I have read that this virus could impact on the tourism industry to the point of costing millions of people their jobs globally. That I would not wish on anyone.

          Annie

          Comment


            #20
            Originally posted by Mrs M View Post
            Ah Toshtosh

            Ever the optimist.

            I care if cruise lines fall. I care about the wonderful staff who will lose their livelihood if nothing else!
            There is no disagreement that staff in any industry losing their livelihood is a great shame. However the cruise cancellations are just the first of many livelihood changes in many areas. Ryanair (just an example) has now advised staff that they will now be forced to take unpaid leave as they ground planes. Every news bulletin shows the impact on our lives of companies that were not financially secure being tipped over the edge, Even the best managed will inevitably slow down, probably stop capital investment and reduce costs.

            I do not doubt that the World will recover in due course but the cost to both the UK/Global economy and individual lives is predicted to far outstrip the global crash of the early 2000's. So another 10 years of austerity looks likely.



            Comment


              #21
              Originally posted by Garfield, Waterlooville View Post
              Greta will be pleased..BA and Norwegian Air in trouble..
              She wanted to stop flights but as Mrs M says she never thought about those that will be out of work

              But then she and her handlers are making loads of money so why would they care?

              And didn't you just know that once he'd resurfaced that my old mate Tosh would somehow get it back to blaming Brexit.


              Garf.
              Hello my old friend.

              I simply make the point that the EU (and the UK/ USA/Australasia/Pacific rim countries/etc) are all facing a significant period of economic pain followed by a need to recover. Their priority (just as the four members of the UK) will be internal support of their family members and cross border trade deals will be low on their action list. The trade talks will be well down the focus on both sides for several months.

              There is very little that the EU can only source from the UK - especially in a recession hit climate.

              Any bets that we will soon hear that the transition will be exceptionally extended?

              Cheers

              Tony B

              Comment


                #22
                Originally posted by toshtosh, Guiseley View Post

                There is no disagreement that staff in any industry losing their livelihood is a great shame. However the cruise cancellations are just the first of many livelihood changes in many areas. Ryanair (just an example) has now advised staff that they will now be forced to take unpaid leave as they ground planes. Every news bulletin shows the impact on our lives of companies that were not financially secure being tipped over the edge, Even the best managed will inevitably slow down, probably stop capital investment and reduce costs.

                I do not doubt that the World will recover in due course but the cost to both the UK/Global economy and individual lives is predicted to far outstrip the global crash of the early 2000's. So another 10 years of austerity looks likely.


                The financial impact of Brexit is yet to be felt. Those who think there will be no effect are wrong.

                Comment


                  #23
                  Like they were wrong about the financial meltdown..the shortages..the queues of lorries at Calais and Dover?

                  Scaremongering again as nobody knows.

                  Garf

                  Comment


                    #24
                    Originally posted by Garfield, Waterlooville View Post
                    Like they were wrong about the financial meltdown..the shortages..the queues of lorries at Calais and Dover?

                    Scaremongering again as nobody knows.

                    Garf
                    Still in the transition period so nothing changed yet. Borders still open, free trade and alignment still in place. Savings from contributions petty cash compared to CV19 costs.

                    Cheers

                    Tony B

                    Comment


                      #25
                      Scaremongering..unless you have a crystal ball.

                      Garf.

                      Comment


                        #26
                        Originally posted by Garfield, Waterlooville View Post
                        Scaremongering..unless you have a crystal ball.

                        Garf.
                        H Garf
                        Are your quotes on a loop?
                        Everything Tony said in post #24 is fact,it all in the present,why why would he need a crystal ball.?
                        JC

                        C P Scott,,,,,"Comment is Free,,but Facts are Sacred"
                        "You are entitled to your opinion. But you are not entitled to your own facts.

                        Comment


                          #27
                          Hi jc
                          I think the EU are in bigger problems than we are.
                          Italy going bust.
                          France in lockdown with virtually no production
                          Germany in lockdown and tonight closed its borders.

                          These are the 3 biggest contributors to the EU budget.

                          Good to see them all helping each other....in fact the Chinese have done more for the Italians than their friends in Europe...sent doctors and medical equipment.

                          Greece goinh bust and on lockdown not only with the virus but 1000's of "refugees"knocking on the door.

                          It'll all end in tears.

                          Garf

                          Last edited by Garfield, Waterlooville; 15th March 2020, 09:53 PM.

                          Comment


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