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BREXIT

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Aspiring Pro
Posts: 737
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Registered: ‎16-01-2011

Re: BREXIT

To pretend Brexit isn't playing a role in business decisions has to be the World's biggest exercise of people bearing their heads in the sand...they'll be joining Theresa May chanting, "Nothing's changed, Nothing has changed!".    

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Community Veteran
Posts: 3,294
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Registered: ‎04-08-2009

Re: BREXIT

There's no way that any plant operator will openly admit that Brexit is the direct cause of any dispruption. Why would they? If they do that they risk alienating vast numbers of potential customers.

From an interview with the BBC last September.. Ian Howells runs the Swindon plant..

"In an interview with Radio 5 live, Mr Howells said a no-deal Brexit would lead to costly trade barriers and disrupt its supply chain.

"In terms of administration, we'd probably be looking at something like sixty odd thousand additional bits of documentation we would have to provide to get product to and from Europe," he told the Wake up to Money programme.

"And clearly if we end up with World Trade Organization tariffs we'd have something like 10% costs in addition on our shipped product back into Europe, and that would certainly run into tens of millions of pounds."

"Likewise when we're looking at componentry coming the other way, again [it could cost] tens of millions in terms of tariffs coming into the UK."

https://www.bbc.co.uk/news/business-45558424

 

So in other words, we have been totally stuffed by May's stubborn inaction. This will take years to wear off as well; people will remember the UK as being embedded in political mire and an unworthy partner. And you know what, they are right! At least with the calibre of Government we have at present.

 

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Seasoned Champion
Posts: 1,805
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Registered: ‎21-11-2018

Re: BREXIT

https://www.standard.co.uk/business/city-relief-as-eu-gives-nodeal-green-light-for-clearing-houses-a...

 

Just shows what the EU politburo can do when it is in their own interest......   Europe would have ground to a halt without London Clearing House services and despite their threats and boasts neither Paris or Frankfurt are but a pale shadow of London, and never will be because of the hostile atmosphere in EU to financial services,  they suffer from over-regulation, just like everything else in the EU.

The  ( Regulation ) devil finds work for idle ( civil servants ) hand to do...

 

Tweet of the day -- https://twitter.com/wallaceme/status/1097443893749170176

'its good that Chuka ( amoaner ) now knows that if an organisation cannot be reformed from within it is best to leave'.

 

This bunch,  as proponents of a peoples vote on Brexit do not seem as though they will allow a peoples vote on their decision by standing for re-election,  they do not have the integrity to give people who voted for them in 2017 on a labour manifesto to 'respect the referendum result and leave the EU' another vote on them now their final position is known,,

 

No doubt Soubry and Clarke will join their 'I just threw my teddy out of the pram ' party.

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Aspiring Pro
Posts: 737
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Registered: ‎16-01-2011

Re: BREXIT

I was surprised to learn how little profit margin car manufacturers have on vehicles, back in 2016 members of the car industry explained what Brexit would mean in terms of administration, paperwork, regulations, tariffs etc....and they demonstrated how the profit of high volume vehicles would be eradicated by the time the vehicles got to port for export. 

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Community Veteran
Posts: 3,294
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Registered: ‎04-08-2009

Re: BREXIT

Quote from today's address by the chair of the Engineering Employers Federation, EEF...


“Companies have already taken action to move production overseas and the prospect of leaving with no deal means the UK will be a far less attractive location for manufacturing in the future. The clock has almost run down and it is now essential that the pantomime in parliament ends and politicians of all persuasions come together to agree a deal that protects the future of manufacturing and people’s jobs right across the UK. “Let me be clear for the press and for those hard Brexiteers who accuse us of scaremongering. This is very real and very serious."

 

Come on Boris, Nigel and Jacob, where are you, what do we do next? We're waiting for your advice. And this time tell the truth, not what you said two years ago.

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Aspiring Pro
Posts: 737
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Registered: ‎16-01-2011

Re: BREXIT

I'd suggest if someone can only debate by being insulting & hurling abuse, they clearly realise they have lost the argument.

The financial sector was one of the first groups to give evidence to a Commons select committee, the Head of HSBC said there were international rules & regulations that meant financial trade deal with America would make no difference.

The CEO of the London Stock Exchange told the committee overtime there would be a drift of financial business away from London, plus the EU were likely to also decide over time to protect their interests and rule where certain financial business could be carried on.

People who campaigned for Brexit argued because trading was done electronically it could be done anywhere in the World, but for them their World is London...so much for thinking globally.  

Is it coincidence pro Brexit James Dyson has moved his HQ to Singapore which just happens to have a trade deal with the EU. 

 

Many EU countries & their citizens point their finger at London for their financial woes in 2007/2008, it was the banks that refused to loan more money to Greece that started that ball rolling.

The pretence that nothing has changed since the Vote to Leave is farcical....there's been a slashing of investment, a company associated with Jacob Rees Mogg has opened a Dublin office to protect their business post Brexit, Sony & Panasonic merging its UK HQ into their Dutch offices, Barclays bank shifting £150bn worth of clients assets to Dublin. 

There are countless other movements that have taken place before the UK has actually left the EU.

 

 

 

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Hero
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Registered: ‎31-07-2007

Re: BREXIT


@Champnet wrote:

Maybe it’s time to resurrect British Leyland and build our own vehicles.

We have the skilled workforce and the factories....


@Champnet I wonder what of BL marques have not been sold. How's the resurrection of Marina, Allegro and Ambassador going to go down?Roll_eyes

No one has to agree with my opinion, but in the time I have left a miracle would be nice.
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Community Veteran
Posts: 3,294
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Registered: ‎04-08-2009

Re: BREXIT

From today's FT..

 

Honda production is returning to Japan for the same reason Nissan production is returning, and Dyson production is going to Singapore: these countries have new free trade deals with the EU. Japan’s deal will reduce tariffs on cars exported to the EU from 10 per cent to zero by 2027. Singapore’s deal also eliminates duties and taxes, as well as technical and non-tariff barriers to trade.

Politicians suggesting they cannot help carmakers’ business decisions are therefore being disingenuous, or delusional, as well. Knowing full well that Japanese carmakers were in talks with the EU to make tariff-free trade possible — and shipping from Japan viable — they did nothing to communicate a similar zero-tariff ambition for UK-EU car exports.

 

We reap what we sow.

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Community Veteran
Posts: 3,294
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Registered: ‎04-08-2009

Re: BREXIT


@Luzern wrote:

@Champnet wrote:

Maybe it’s time to resurrect British Leyland and build our own vehicles.

We have the skilled workforce and the factories....


@Champnet I wonder what of BL marques have not been sold. How's the resurrection of Marina, Allegro and Ambassador going to go down?Roll_eyes


 

Don't forget the Ital. Embarrassed

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Hero
Posts: 4,714
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Registered: ‎31-07-2007

Re: BREXIT


@RobPN wrote:

@nozzer wrote:

Sky is reporting that Honda will announce the closure of its Swindon plant, starting in 2021, complete by a year later. Whatever the reason, the UK can't afford for this to continue. 


@nozzer

Reported on the BBC this afternoon that Honda made the decision to invest heavily in Diesel engines just at the wrong time.  So not directly Brexit-related.


@RobPN Past events will clearly influence decisions made. so whilst you are correct in claiming Honda's plans re not directly Brexit-related, it doesn't mean their judgement of the future worth and profit from a UK operation will not have considered Brexit's likely considerable negative effect.

Perhaps Honda do not wish to stir the pot!

No one has to agree with my opinion, but in the time I have left a miracle would be nice.
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Aspiring Hero
Posts: 12,452
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Registered: ‎01-09-2007

Re: BREXIT

I'm betting that faced with an isolationist USA + Brexit cutting off the EU that the Japanese would have spent the last two years running at top speed to get that trade deal with the EU - presuming that they weren't already in negotiations.

We sat around for 2 years and asked for impossible things and got nowhere.

"In The Beginning Was The Word, And The Word Was Aardvark."

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Community Veteran
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Registered: ‎04-08-2009

Re: BREXIT

@VileReynard

Japan's negotiations with the EU took six years, started in 2013. That's quite rapid, considering that the average deal takes between eight and ten years to negotiate.

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Aspiring Pro
Posts: 737
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Registered: ‎16-01-2011

Re: BREXIT

During the referendum arch pro Brexit MP Michael Gove famously said he could not assure jobs would not be lost on leaving the EU. Today Gove has said the UK would use tariffs to protect British farmers, what happened to the cheaper food promised during the referendum?

The government will apply tariffs to food imports to protect British farmers in a no-deal scenario, the environment secretary, Michael Gove, has confirmed.

And, contrary to claims by hard Brexiters, he warned that delays were likely in Calais because of mandatory EU checks on food imports on the French side of the channel.

 

“The EU still have not listed the UK as a full third country … As I speak there is no absolute guarantee we will continue to be able to export to the EU,” he told farmers.

Where's the boeuf?

 

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Aspiring Pro
Posts: 737
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Registered: ‎16-01-2011

Re: BREXIT

The whacky World of Brexit, where the government is seeking to remove the rights of 65m British citizens to freely travel, live or work in 27 countries....a government wanting to restrict trade by introducing all sorts of redtape and officialdom, I guess it keeps MPs busy. A minister negotiating to have worse trade deals than the UK currently has, another Minister proposing to introduce food tariffs where they didn't exist before.

Government spending almost £10bn just to tread water, while companies are forced to spend tens of millions of pounds preparing for events that won't happen....it makes perfect sense in Venezuela.

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Seasoned Champion
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Registered: ‎21-11-2018

Re: BREXIT


@christmas wrote:

The whacky World of Brexit, where the government is seeking to remove the rights of 65m British citizens to freely travel, live or work in 27 countries....a government wanting to restrict trade by introducing all sorts of redtape and officialdom, I guess it keeps MPs busy. A minister negotiating to have worse trade deals than the UK currently has, another Minister proposing to introduce food tariffs where they didn't exist before.

Government spending almost £10bn just to tread water, while companies are forced to spend tens of millions of pounds preparing for events that won't happen....it makes perfect sense in Venezuela.


OK, let's all go and turn on the gas now ( those with electric ovens will have to find a helpful neighbour ) before the EU disconnect us.  May as well end it all now as there is obviously no life worth living after Brexit.  But Prozac is still available to over 18's if you think it may help..