Thursday 7 December 2017

NO BREXIT IMPACT VALUATION READY ?


David Davis the Secretary of State responsible for Brexit Negotiations, has admitted that no Financial Impact Valuation has been completed in the event of Britain leaving the EU !

How can a Government, with an army of highly paid Civil Servants and outside specialist advisors, begin Brexit negotiations not having calculated how much it could cost Britain and its Citizens to leave the EU ?

Leaving the EU is like a Group of companies which sells a subsidiary.  Management must calculate before the sale how future results of its Group would be affected in later years.   This would also indicate what the selling price should be, or could even lead to the decision not to sell !

When the Directors of Companies, buy or sell important assets, they have a duty to report to their shareholders !  Do Members of Parliament not have a similar duty to their Electors ?   

Specialists in the accounting profession know the techniques required for takeovers, both for acquisitions and cessions.   Such work is sometimes not easy, but it is essential !   And it is often done secretly, but it is  necessary !

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