[Mr10Percent]

I think the report/presentation is generous and time-sensitive. I see a number of key fundamentals which will hurt all/every business (excluding arms manufacturers perhaps?):-

1. Interest rates will rise dramatically. This will hurt B&Os efforts in recent years to re-finance
2. They may have reduced ability for additional borrowing facilities (Cashflow is collapsing)
3. Non-staged sales. Millenials will have a lot less disposable in 2022/23
4. Overall, can see a compounding of UK outlook, disposable income with Sales hit
5. Can expect to see a compounding of German outlook, disposable income with Sales hit
6. Raw materials (particularly Aluminium, Nickel and polymers) price increase as western currencies devalue.