“Official Brexit rural impact report includes phrase: ‘we are f*****’ “

“An official report on the impact Brexit will have on rural Scotland includes the quote: “We are f*****,” it has emerged.

A document published by Scottish Rural Action (SRA) featured a side banner on page four carrying the statement.

It was one of a number of banners attributed to participants in a workshop which asked them to imagine what newspaper headlines they might expect to see after the UK leaves the EU.

Amanda Burgauer, SRA chairwoman, said the exercise had been used as an “icebreaker” and that several of the participants used “earthy language” in describing their feelings towards Brexit.

The comments are only explained on the following page, saying they had been put forward by those taking part in the workshop event.

Ms Burgauer said she would flag up the “design and layout” issue with the SRA design team. …”

https://www.standard.co.uk/news/politics/official-report-brexits-impact-rural-scotland-phrase-we-are-f-a4095061.html

“Jacob Rees-Mogg ‘has earned £7,000,000 from investments since Brexit’

Isn’t the (dormant) company that Swire owns with his Russian oligarch-serving pal Lord Barker set up to invest in “emerging markets”?

Wouldn’t it be super if profits MPs made while in Parliament had to go to their constituencies!

“The rest of Britain might be fretting about the impact of a no-deal Brexit, but leading Brexiteer Jacob Rees-Mogg is doing very nicely, thanks. An investigation by Channel 4’s Dispatches found that the Conservative MP could have earned up to £7,000,000 from Somerset Capital Managment, which invests in emerging markets such as China and Russsia. In the programme, one expert suggests that the fall in the value of the pound has helped to drive SCM’s profits – but Rees-Mogg dismissed such claims as ‘living in cloud cuckoo land’.

Rees-Mogg refused to disclose his earnings from the firm, of which he owns 15% and which he set up in 2007. Records show that its profits have doubled and it has paid £47m to members since the referendum. Rees-Mogg told Dispatches, ‘The amount that I received is not for public disclosure. I’m entitled to the same privacy in my affairs as anyone else in parliament is.

Mr Rees-Mogg declares in his House of Commons Register of Interests that he is paid £500 an hour for his work at SCM and takes home around £15,000 a month on top of his MPs salary. SCM invests in emerging markets like China and Russia and one expert said that the fall in the value of the pound since the referendum result has helped SCM’s profits. Rees-Mogg also rejected claims that SCM’s decision in the past year to open two new funds in Dublin rather than London had anything to with Brexit.

Our decision to do it predates Brexit,’ he told the programme. Dispatches also revealed how some hedge funds have built up huge bets against British business and hoping to make big profits if the economy hits the rocks after Brexit.

Dispatches reveals that the US investment firm Blackrock holds the most bets against British business totalling more than £1bn. The hedge fund run by leading Brexiteer Crispin Odey is betting almost £500m against British businesses. Odey made more than £200m on the night of the referendum by betting that the value of the pound would plummet.”

https://metro.co.uk/2019/03/11/jacob-rees-mogg-earned-7000000-investments-since-brexit-8884678/

People now shopping for “needs” not “wants”

… “Helen Dickinson OBE, chief executive of the British Retail Consortium, said: ‘While real incomes have been rising over the last year, the uncertainty surrounding Brexit appears to be driving a needs-not-wants approach to shopping…. “

https://www.dailymail.co.uk/money/news/article-6789495/Number-people-visiting-shops-falls-five-year-low-amid-Brexit-jitters.html

No Brexit problems for Rees-Mogg

“Profits in Jacob Rees-Mogg’s investment empire are soaring and more than doubled in the last four years, a TV investigation will show tomorrow.

A Channel 4 Dispatches programme will highlight the surging fortunes of Somerset Capital Management LLP, a firm co-founded and co-owned by the Tory hard Brexiteer.

SCM’s publicly-available accounts show its operating profit rose from £14.7m in the year to March 2015, to £18.3m in 2016, £27.8m in 2017 and £34.1m in 2018.

Meanwhile the profits available for distribution among members have risen from £11.5m in 2015 to £14.4m in 2016, £21.9m in 2017 and £25.3m in 2018. …”

https://www.mirror.co.uk/news/politics/profits-jacob-rees-moggs-investment-14114954

“UK supermarkets lowering standards and dropping products ahead of Brexit, study finds”

This is how supermarkets routinely operate in third-world countries – less choice, lower standards!

“Supermarkets have begun removing product ranges and lowering their standards when it comes to fresh produce in preparation for Brexit, and British customers are already showing recessionary behaviours, according to new research from Kantar.

Retailers have begun simplifying imported product ranges, and even removed some items, ahead of 29 March, Kantar’s report revealed. There are concerns that a hard Brexit could lead to long delays and disruption, with potential for prices to jump and shortages of certain foods.

“Consumers may see some changes in what is available every week through the year with more space for offers where retailers can respond quickly to opportunities and deliver surprise,” researchers warned.

Meanwhile, while retailers have traditionally had very strong rules related to the size, shape and colour of fresh produce items many companies are now changing these rules.

“As Brexit draws near, retailers will be rejecting less than ever. Ultimately, this means many shoppers will need to spend extra time learning how to pick their own,” Kantar said. …”

https://www.independent.co.uk/news/business/news/brexit-food-shortages-recession-prices-rising-shopping-high-street-a8801926.html

Brexit: now we have the wrong kind of wooden pallet to use for export to EU!”

Owl thought this was a early April Fool joke – it isn’t.

“The government is holding talks with distributors after realising that the UK has a dire shortage of the “right sort” of pallets to import and export goods in the event of a no-deal Brexit.

The Department for Environment, Food and Rural Affairs (Defra) will on Tuesday hold meetings with distribution industry representatives about how to keep household goods moving to and from supermarkets if the UK crashes out of the EU next month.

If the UK leaves the EU without a deal the overwhelming majority of wooden pallets, used to transport a vast range of consumer goods from breakfast cereal to pet food, beer and chocolate, will not meet strict EU rules designed to stop the spread of bark beetles and other pests.

If the pallets are prevented from transiting between the UK and the 27-country bloc, the millions of tonnes of goods they carry will not be able to be transported which could potentially lead to food shortages. More than 3m pallets move between the UK and EU every month.

The UK government has told distributors that all timber packaging, including pallets, destined for the EU countries after a no-deal Brexit must be heat-treated or fumigated to comply with International Standards For Phytosanitary (Regarding Plants) Measures 15 (ISPM 15). At present pallets moving between EU member states, including the UK, are exempt from the ISPM 15 standard. Industry experts said fewer than a third of the pallets used for EU-UK trade comply with the standard.

“In the event of no deal, all WPM [wood packaging material] moving between the UK and the EU must meet ISPM15 international standards by undergoing heat treatment and marking,” Defra said in an official notice last week. “All WPM may be subject to official checks either upon or after entry to the EU.” …”

https://www.theguardian.com/politics/2019/feb/26/uk-pallet-crisis-no-deal-brexit

Britain’s richest Brexiteer goes into tax exile in Monaco leaving £6m second (or third or fourth?) home as investment property

https://www.theguardian.com/business/2019/feb/23/neighbours-angry-as-selfish-jim-ratcliffe-leaves-new-forest-home

and

EU offers lucrative tax breaks to firm of billionaire Brexiter
https://www.theguardian.com/business/2019/feb/23/eu-offers-lucrative-tax-breaks-to-firm-of-billionaire-brexiter