๐Ÿšจ๐Ÿ‡ฌ๐Ÿ‡ง๐Ÿ‡ช๐Ÿ‡บ๐Ÿ’„๐Ÿ‘ ๐Ÿ‘—๐Ÿ’…๐Ÿป๐Ÿ•บ๐Ÿ’ƒ๐Ÿ‡ช๐Ÿ‡บ๐Ÿ‡ฌ๐Ÿ‡ง๐Ÿšจ
UKโ€™s ยฃ35bn fashion industry warns of โ€œdecimationโ€ from #brexit - big names sign open letter to @BorisJohnson urging action. Many of 50,000 SMEs on the rack due to VAT, customs and work permit issues. Stay with me/1

@BorisJohnson You can read the full text of the letter here, co-ordinated by Fashion Round Table @FashionRoundTab, but tl;dr it says that #Brexit has left a "gaping hole" in an industry that relies of free movement of professionals. It's a familiar cry /2

https://t.co/gGurZTIcho
@BorisJohnson @FashionRoundTab The industry, already whacked by #COVID19, is now discovering that cross-border sales are a horror (VAT, Customs, long delays) and models, stylists, photographers that used to blat around Europe can't any more. They need permits, for themselves, for their gear /3
It is on one level amazing that this is only just fully dawning - as the musician industry found out recently - but fashion is not just big names and big companies. It's actually a mountain of small companies and sole traders often that feed into a huge (ยฃ35bn) industry /4
I've written about fashion models issue before (they need tier-5 sponsorship visas) and how that will erode London's status as a hub, but this goes so much wider than this - hence the #dontmakefashionhistory campaign - and comes down the lack of a mobility chapter in the deal /5
This campaign has some big names...400 have signed, including @twiggy @YLBofficialsite Yasmin Le Bon, Nick Knight, @RoksandaIlincic @laurabailey_uk and serious industry players, who now see how badly an industry like fashion gets squeezed by #brexit /6
@Twiggy @YLBofficialsite @RoksandaIlincic @laurabailey_uk These luminaries want some kind of 'fix'...as Helen Brocklebank, CEO of @Walpole_UK says 42% per cent of UK luxury export sales are from the EU. The #Brexit costs and admin mean many of her members "have concluded they simply canโ€™t afford to continue selling to those countries"/7
@Twiggy @YLBofficialsite @RoksandaIlincic @laurabailey_uk @Walpole_UK Isabel Ettedgui, the chief executive of Savile Row brand Connolly, which sells Scottish cashmere and manufactures leather goods in Spain says its an existential challenge for "a 185-year-old company that holds the Royal Warrant" /8
@Twiggy @YLBofficialsite @RoksandaIlincic @laurabailey_uk @Walpole_UK Katharine Hamnett, the fashion designer best known for political T-shirts and championing ethical business practices, says "brands will die" without a radical overhaul of customs & VAT arrangements /9
@Twiggy @YLBofficialsite @RoksandaIlincic @laurabailey_uk @Walpole_UK These are big names, but they are the front of house for a huge number of small traders - the button makers, the jewellery makers, the leather workers, stylists etc that fitted into an industry that has grown up on free movement - which is now at an end /10
@Twiggy @YLBofficialsite @RoksandaIlincic @laurabailey_uk @Walpole_UK And as Barnier aid @StefaanDeRynck observed after the musicians made similar pleas...well, that's what happens when you don't have a 'mobility chapter ' in the deal' - welcome to a new world of #brexit /11

https://t.co/4FftDitAKr
@Twiggy @YLBofficialsite @RoksandaIlincic @laurabailey_uk @Walpole_UK @StefaanDeRynck So where is the British government in all this? Well, pretty impotent really - it just issues statements saying it is working with industry, it wants to "seize new opportunities" and, oh, it has helplines that it spent money on...but then what else can it say? /12
Fashion is a big UK success story - 1.6% of UK GDP, growing 11% a year - and trading with New York or Tokyo or China really isn't going to help a lot of those SMEs offset the losses that come with a deal that makes it a pain to buy British, sell to the EU, hire a UK model /13
There are some things in the UK's gift that @FashionRoundTab is asking for - like putting garment workers on the occupation shortage list, but on the really big stuff - customs, VAT, free movement - well, that's what we asked for. We wanted to be Canada...now we are /14
@FashionRoundTab There is still hope in some industries that as #COVID19 lifts, as the UK erects the same customs borders as the EU in July (and EU traders and professionals feels the same pinch) that 'common sense will prevail and that easements and fixes will emerge..../15
@FashionRoundTab But given the politics at the moment - UK refusing EU ambo full recognition, the spats over #COVID19 vaccines, the clusterf*** over the Irish protocol last weekend, the appointment of Lord Frost "Captain Sovereignty" as chief #Brexit guy, I'm not sure I'd bet on it /16
@FashionRoundTab The fashion industry is of course right to campaign hard as it can, for whatever it can get, but as @SamuelMarcLowe has observed, there are hard limits - whether on professional services, or hubbing goods into the EU from the UK - on what can be achieved /17
@FashionRoundTab @SamuelMarcLowe The #COVID19 pandemic gives the govt some breathing space...but sooner or later, you'd think the government will have to start to explain what the point of all this is? Other than alluding to the mythical 'sea of opportunity'...which may start to grate when folks are drowning END

More from Peter Foster

๐Ÿšจ๐Ÿ‡ฌ๐Ÿ‡ง๐Ÿ‡ช๐Ÿ‡บ๐Ÿด๓ ง๓ ข๓ ฅ๓ ฎ๓ ง๓ ฟ๐Ÿ‡ฎ๐Ÿ‡ช๐Ÿšš๐Ÿšš๐Ÿ‡ฌ๐Ÿ‡ง๐Ÿ‡ช๐Ÿ‡บ๐Ÿšจ

As #brexit talks drift towards the rocks, trade groups say plans for Irish Sea trade border after Brexit are โ€˜in a messโ€™ via, my latest via @FT ...this is an issue coming deal or no deal. Stay with me 1/


So to recap, under Northern Ireland protocol negotiated in the Withdrawal Agreement all goods going from Great Britain to NI must confirm with EU customs code. To avoid new border in Ireland, that means trade border in Irish Sea - new paperwork, new systems. Operational Jan 1/2

The problem is that because the FTA negotiations are stuck, the negotiations in the Joint Committee on how to implement the Protoocl (and @michaelgove is with @MarosSefcovic talking today) haven't yet born fruit. That means a LOT of uncertainty. /3

@michaelgove @MarosSefcovic How much uncertainty? Well, as @MichaelAodhan tells me, a lot. Research by the Northern Ireland Business Brexit Working Group (NIBBWG) found only 20% of members were ready. And its not their fault: need info on tarifs, computer systems etc. And are not getting answers /3


@michaelgove @MarosSefcovic @MichaelAodhan Now. The Government has earmarked ยฃ200m for the Trade Support Service run by Fujitsu and the Customs Clearance Consortium with @ShankerASingham @RobHardyFR8 to help business process new paperwork...BUT even it cannot answer lots of Qs, and won't help with animal/SPS issues. /4
BREAK: ๐Ÿšจ๐Ÿšจ๐Ÿ‡ซ๐Ÿ‡ท๐Ÿ‡ฌ๐Ÿ‡ง๐Ÿš—๐Ÿš™๐Ÿš—๐Ÿš™๐Ÿš—๐Ÿš™๐Ÿš—๐Ÿš™๐Ÿš—๐Ÿš™๐Ÿš—๐Ÿ‡ซ๐Ÿ‡ท๐Ÿ‡ฌ๐Ÿ‡ง๐Ÿšข๐Ÿšข๐Ÿšข๐Ÿšจ๐Ÿšจ The UK rejects Dover funding bid to double French passport booths via @FT - long queues ahead...as other ports also donโ€™t get money they asked for to build #brexit border. Stay with me/1 thread


So what is this all about? Well back in October the govt announced a ยฃ200m Port Infrastructure Fund - details below - for ports to get ready for the new trade processes for #Brexit border. Dealing with those 215m extra customs decs etc..

Today we find out what everyone got - but it turns out that 54 ports asked for more than ยฃ450m - so a LOT have been bitterly disappointed. Not just Dover (on which more in a second)...they are furious the government is not willing to fully fund the very borders they mandated /3

So here is the list of what everyone got - 41 ports had winning bids totaling just over ยฃ194m - but you'll note that Dover got...wait for it...ยฃ33k. No, that is not a type. Thirty-three thousand pounds. They asked for ยฃ33m!! Why? Well to build new passport lanes. /4


Why? Because as an @NAOorguk report warned in November the Govt's 'reasonable worst case scenario' for delays at Dover for passenger traffic was "one to two hours" and "much longer" in the summer. Eeek. Happy hols everyone! /5

https://t.co/K77Is5tfxk

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๐ŸŒฟ๐‘ป๐’‰๐’† ๐’”๐’•๐’๐’“๐’š ๐’๐’‡ ๐’‚ ๐‘บ๐’•๐’‚๐’“ : ๐‘ซ๐’‰๐’“๐’–๐’—๐’‚ & ๐‘ฝ๐’Š๐’”๐’‰๐’๐’–

Once upon a time there was a Raja named Uttฤnapฤda born of Svayambhuva Manu,1st man on earth.He had 2 beautiful wives - Suniti & Suruchi & two sons were born of them Dhruva & Uttama respectively.
#talesofkrishna https://t.co/E85MTPkF9W


Now Suniti was the daughter of a tribal chief while Suruchi was the daughter of a rich king. Hence Suruchi was always favored the most by Raja while Suniti was ignored. But while Suniti was gentle & kind hearted by nature Suruchi was venomous inside.
#KrishnaLeela


The story is of a time when ideally the eldest son of the king becomes the heir to the throne. Hence the sinhasan of the Raja belonged to Dhruva.This is why Suruchi who was the 2nd wife nourished poison in her heart for Dhruva as she knew her son will never get the throne.


One day when Dhruva was just 5 years old he went on to sit on his father's lap. Suruchi, the jealous queen, got enraged and shoved him away from Raja as she never wanted Raja to shower Dhruva with his fatherly affection.


Dhruva protested questioning his step mother "why can't i sit on my own father's lap?" A furious Suruchi berated him saying "only God can allow him that privilege. Go ask him"
๐™Ž๐™๐™–๐™ง๐™ž๐™ฃ๐™œ ๐™ข๐™ฎ ๐™ฌ๐™ž๐™จ๐™™๐™ค๐™ข ๐‘พ๐’๐’'๐’• ๐’ƒ๐’† ๐’”๐’–๐’“๐’‘๐’“๐’Š๐’”๐’†๐’… ๐’Š๐’‡ ๐’•๐’๐’Ž๐’๐’“๐’“๐’๐’˜ ๐’– ๐’“๐’†๐’‚๐’… ๐’•๐’‰๐’† ๐’”๐’‚๐’Ž๐’† ๐’”๐’•๐’–๐’‡๐’‡ ๐’Š๐’ 50๐’Œ ๐’˜๐’๐’“๐’Œ๐’”๐’‰๐’๐’‘ ๐’๐’“ ๐’”๐’๐’Ž๐’†๐’๐’๐’† ๐’Ž๐’‚๐’๐’‚๐’ˆ๐’Š๐’๐’ˆ ๐’š๐’๐’–๐’“ ๐’Ž๐’๐’๐’†๐’š ๐’˜๐’Š๐’•๐’‰ ๐’”๐’‚๐’Ž๐’† ๐’๐’๐’ˆ๐’Š๐’„
Simple and effective way 2 make Money


Idea 1:- Use pivot level like 14800 in case of nifty and sell 14800straddle monthly expiry (365+335) exit if nifty closes on daily basis below S1 or above R1

After closing below S1 if it closes above S1 next day or any day enter the same position again vice versa for R1

Idea2:- Use R1 and S1 corresponding strikes multiple
Incase of R1 15337 take 15300ce
N in case of S1 14221 use 14200pe
Sell both and hold till expiry or exit if nifty closes below S1 or above R1 around closing
If the same bounces above S1 and falls below R1 re-enfer same strikes

Use same criteria for nifty, usdinr and banknifty

(This is must)Use this margin rule for 1lot banknifty pair keep 4Lax margin
For nifty one lot keep 3Lax
For usdinr 100lots keep 4Lax

I bet you if you do this on consistent basis your ROI will be more than 70% on yearly basis.

Couldn't explain easier than this

Criticisms are most welcomed.