Philip Hammond on R4 now, saying that foreign investment is slowing due to Brexit.
Is there anyway of blocking Chewkw's cut and paste posts? It's just meaningless gibberish.
There is an applet someone has written it's available free but I don't have a link, to be honest I just scroll past his/her posts.
Hammond on R4 was very interesting, what he said, what he implied and what he didn't say. Clearly a divided government.
I doubt the sound bites will do justice to the interview - I'd listen to the original.
Clearly a divided government.
Given their lack of leadership, this is Labour's only hope. Will the Tories self-destruct? Given the characters of the mad three, quite possible. So Labour just need to hide Corbyn away for a while.
THM - you've probably guessed that I self identify as centre left and other than starting dubious wars thought the Blair-Brown years were ok overall (bit more regulation of banks might have been good, but hindsight etc) but I keep forgetting that there is an opposition at the moment. They do seems to be reliving the Foot -v- Thatcher years.
Is there anyway of blocking Chewkw's cut and paste posts? It's just meaningless gibberish.
depends on your brower
80% of Nissan Sunderland's annual 500'000 build goes to the EU.
Thank you mdavids - that was the detailed figure my tired eyes couldn't find last night.
I'm assuming most if not all of the remaining 100,000 stays in the UK - given that they have 169,247 annual sales here?
Facing a potential 10% WTO tariff on 80% of their output I can see why they might be tempted to move production elsewhere.
oldnpastit - MemberPhilip Hammond on R4 now, saying that foreign investment is slowing due to Brexit.
Bloody Remoaners
And the low £ doesn't help as much as one (Jamba this is your point here) might think as components are manufactured outside the UK and therefore the efficiency gain on exporting from a devalued currency area is lost to some extent on the imports to a devalued currency area.
Nissan are pretty good at sums and very economically ruthless.
There's plenty of scope for the government to mitigate the potential added cost of tariffs - we also shouldn't overlook that the Sunderland plant has a few unique qualities:
- Was (possibly still is) the most productive car plant in the world
- Configured to build several different models of car on the same line at the same time (lower Opex and avoidance of Capex)
- Flexible labour force (compared to Renault factories) and mature supply chain
In terms of the help the Government can provide there's quite a lot that would be attractive to Carlos Ghosn:
- extension of patent box principles so that platforms researched and developed and then made in the UK qualify for significant extra tax relief (this is something the EU is trying to stop the UK doing at the moment because it's helped us to increase foreign investment in strategic industries)
- Rebate on Business Rates (not possible under current EU roles but absolutely possible under our own rules)
- Acceleration of the existing initiatives that have already significantly improved the depth of the automotive supply chain in the UK. So more parts designed, developed and made here and at lower cost than imported components).
Consumer behaviour may also change if we get into "tariffs". I actually bought a Qashqai a few years back specifically because it was a good car and also made here - for me it was a choice of 2 cars one of which directly created jobs here... a no brainer. Faced with the choice of other models produced from within the EU and "punishment" tariffs from the EU there's the possibility British consumers may buy more home produced cars thus helping to mitigate any drop in export sales.
So 2 of the 3 options involve subsidising what within the eu is a profitable business, another great example of how brexit is awesome
That is what the Nissan boss is asking. He wants a good deal.
Just5 that is a good post, and makes some rare Brexit positives.
However, most of those benefits seem to be tax-rebate based, which if used more widely would result in a loss to the exchequer surely?
Faced with the choice of other models produced from within the EU and "punishment" tariffs from the EU there's the possibility British consumers may buy more home produced cars thus helping to mitigate any drop in export sales.
Yes but - for that to have an effect, factories would be having to make cars for just the UK market. And whilst we buy a lot of cars we don't buy as many as the rest of the EU.
But then again - I remember hearing about the wholesale cost of cars being much higher here than in the rest of the EU. So in effect the rich countries are subsidising the poor ones - you're paying a larger share of the car companies' profits than people in say Spain.
If the UK wasn't having to subsidise that then perhaps cars could become cheaper.
you're paying a larger share of the car companies' profits than people in say Spain.
If the UK wasn't having to subsidise that then perhaps cars could become cheaper
As a company isn't a political union they will continue to charge what they want in different markets to make sure their business is solvent.
Is there anyway of blocking Chewkw's cut and paste posts? It's just meaningless gibberish.
Why don't you try continually insulting him, you appear to believe that's effective.
Corbyn may have been next to useless during the ref
Kimbers Corbyn's cintribution to the Referendum was very far from useless from a Leave perspective. In many respects he was true to his long held anti-EU beliefs
Car exports today are more competitively priced ie cheaper including any WTO tariffs today prior to Brexit vote.
If Nissan want to build the Qasquai elsewhere that's up to them. Ford closed the Transit factory in Southampton and moved it to Turkey.
Brits love cars and changing them regularly, we have a very valuable domestic market.
If Nissan want to build the Qasquai elsewhere that's up to them.
Are you saying that it's not important?
Car exports today are more competitively priced ie cheaper including any WTO tariffs today prior to Brexit vote.
Assuming this is based on pound drop? Which has works until you need more steel and aluminium to make more cars which pushes up the raw material and component costs, even a drop in the pound won't make British labour competitive with some other places.
Brits love cars and changing them regularly, we have a very valuable domestic market
But a much smaller one than the rest of the eu. So if brits keep buying cars and cars are made elsewhere then the profit and benefits of thousands of jobs are taken elsewhere.
Why don't you try continually insulting him, you appear to believe that's effective.
Ooh you really are sore about the Jambaliar bit arent you? You come up with the proof and I will happily apologise to you. You have been asked to provide proof but instead of doing so come up with the nonsense above. Come on you are better than that.
In terms of the help the Government can provide there's quite a lot that would be attractive to Carlos Ghosn
Yep, I suspect that's the sort of thing he is asking for.
I'm sure from a business perspective they'd rather avoid the expense (and potential bad PR) of shifting production facilities elsewhere, but they'll need a good reason to stay if the use of WTO tariffs mean the economics have changed.
If Nissan want to build the Qasquai elsewhere that's up to them.
Pretty dismissive given there are 7,000 jobs on the line in an area that isn't exactly booming to start with.
You'd happily wave off one third of the UK's car manufacturing?
[i]Flexible labour force (compared to Renault factories)[/i]
And don't underestimate how much easier it is to get rid of staff in the UK vs France/Belgium etc, plus 'politically' you can just blame Brexit even if the numbers don't (fully) add up.
If Nissan want to build the Qasquai elsewhere that's up to them.
So a price worth paying for Brexit then?
As long as you're not one of the 7000 direct or 30000 indirect employees, or you don't live in the North East so won't be affected by the massive reduction in money that pours in due to Nissan.
I'm sure they can console themselves with all the positive aspects of Brexit, like erm???
@Nipper just saw your question about the Human Rights Act. We will have our own Human Rights Acts overseen by our court system. As we are a founding member and major supporter of the International Criminal Court if people think we've done something wrong and the UK courts have not found in their favour they can take action against us there.
As Theresa and other's said yesterday all existing employment protection will remain in place whilst she is PM. As British laws will be made by British Parliament a future PM could change them as they and Parliament wish
The scaremongering about Human Rights and Employment Laws where just that, Referendum scaremongering.
As for May having been influenced by Fox etc's hard-Brexit I suggest the reality is she and the Government have looked at all the various options and have come to the conclusion that their approach is the bst way forward. Obviously I approve wholeheartedly of that as its the approach I favoured and proposed here although I admit I thought they'd fudge it a bit but apparently not 🙂
As British laws will be made by British Parliament a future PM could change them as they and Parliament wish
See, that worries me.
As for May having been influenced by Fox etc's hard-Brexit I suggest the reality is she and the Government have looked at all the various options and have come to the conclusion that their approach is the bst way forward.
Given the incredibly stupid things this government and the last have got up to, that means pretty much nothing. They've shown how stupid they are, or how they are playing political games rather than facing up to their own shitstorm.
Given the incredibly stupid things in Fox's recent speech its absolutely apparent that hes playing his own game of fantasy Brexit and will be sacked/resign again when the shitstorm does hit
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From private eye
we are a founding member and major supporter of the International Criminal Court if people think we've done something wrong and the UK courts have not found in their favour they can take action against us there.
Eh?
[i]"The International Criminal Court (ICC) investigates and, where warranted, tries individuals charged with the gravest crimes of concern to the international community: genocide, war crimes and crimes against humanity."[/i] ([url= https://www.icc-cpi.int/about ]Sauce: the ICC[/url])
Not exactly the right place to take individual human rights abuses to eh?
We are also founding members and major supporters of [url= https://en.wikipedia.org/wiki/European_Convention_on_Human_Rights ]European Convention on Human Rights[/url] and the European Court of Human Rights, which IS intended for such cases.
The scaremongering about Human Rights and Employment Laws where just that, Referendum scaremongering.
Our participation in the ECHR is independent from our membership of the EU. The referendum wasn't about leaving the convention, much as it might suit some to pretend that it was.
As long as I can remember the investment strategy of the UK has been to attract foreign investment with the knowledge that those companies will make use of our more flexible working conditions but with easy acces to the EU.
I did a bit of googling on the subject a the U.K. does currently get the biggest % of foreign direct investment.
Now what's the plan?
Businesses don't just invest here for easy access to the EU though. They also invest here because (to name but a few):
- we have relatively low (and predictable) rates of corporation tax
- significant depth of expertise in law
- creative (sometimes too much so) and accessible finance / capital markets
- We have one of the world's largest stock markets and insurance markets
Anyone who has tried to set up a company in the eurozone will know how hard / bureaucratic the process can be compared to the UK.
@Nipper just saw your question about the Human Rights Act. We will have our own Human Rights Acts overseen by our court system. As we are a founding member and major supporter of the International Criminal Court if people think we've done something wrong and the UK courts have not found in their favour they can take action against us there.
Jambalya, now you really are talking rubbish. The thing with Human Rights is their universality and as such there is an importance in having a supranational tribunal to clarify and determine where breaches have occurred. I can refer you to the history and case law on Section 10 of the Contempt of Court as an example of an executive leaning British judiciary. The Human Rights Act is our act incorporating the convention directly into UK law so that it is applied directly in this country which is was not before 2000. Human rights are too important to be left to politicians, they serve to protect us from them and from the likes of you.
Human rights are quite often misunderstood by the more rapacious members of our society such as yourself and you would be well served by reading "A Paradigm of Philosophy: Hohfeld on Legal Rights" if you are remotely interested.
I'm not sure what human rights you think are less important and which are not dealt with by the ECHR or which you would like to do away with; I suspect your reasoning will be about not be able to deport foreigners and immigrants - I fully expect your response to begin with 'I'm not a racist but....'
Evan Putin's Russia is a signatory to the ECHR!
Meanwhile more cheery reading:
So despite all the mumbo jumbo about 'sovereignty' and 'regulations', we've actually got it pretty good?Anyone who has tried to set up a company in the eurozone will know how hard / bureaucratic the process can be compared to the UK.
I'm still waiting for the referendum on a Free Yorkshire. If it's not free then it better be cheap.
Businesses don't just invest here for easy access to the EU though.
It's a big factor though. One that we've just voluntarily given up. Based on the opinion of people who can't tell a Syrian refugee from an EU migrant or an Asian immigrant.
So despite all the mumbo jumbo about 'sovereignty' and 'regulations', we've actually got it pretty good?
Had it (about as good as it gets)
Threw it away (to pander to the xenophobes)
Will suffer as a result (self-inflicted pain)
Madness
WHAT COULD POSSIBLY GO WRONG?
lolz
I hope you're not suggesting that JClarkson should be in charge Moly.
http://uk.businessinsider.com/brexit-justice-european-union-boris-johnson-2016-9
Better watch out Jamba!
😆
@Nipper well we are going to see what happens aren't we, we will be having our own Human Rights Bill overseen by our own courts. In 5 or 10 years we can review what happened. By the way you cannot forgive me enjoying every single minute of our exit from the EU, it was something I thought would never happen, to be given a Referendum, to win it against all the establishment odds and then to see what for me is the best solution a hard Brexit delivered cleanly and quickly.
Europe is in desperate trouble financially, really desperate. Hungary just voted 98% to reject just 1000+ refugees, Austria will re-run it's Presidential Election, Marine Le-Penn could win in France and has certainly changed the landscape. Holland next ? The EU and Junker have had their heads in the sand and pressed on with the political project against the wishes of so many of Europeans. They are the architects of their own downfall.
Better watch out Jamba!
🙂
Bring it on, they need £2m they have £145k. I won't be losing any sleep over it and they won't win a court case. Not a snowballs. Great work for them though if they can get it, £2m to trouser. Why don't you give them my contact details or maybe start your own prosecution against me ?
@tmh if you keep looking backwards you are going to turn into a 1970's relic like the Labour Party 8)
Two clear choices today - to try and make a success of Brexit and the huge opportunities or sit moaning about how you lost the Referendum
Two clear choices today - to try and make a success of Brexit and the huge opportunities or sit moaning about how you lost the Referendum
Third option - Try to steer the entire tanker away from the rocks before it's too late. There seems to be lots of support for this option too.
Two clear choices today - to try and make a success of Brexit and the huge opportunities or sit moaning about how you lost the Referendum
I see the best way is to skip over inconvenient issues tell every one to keep smiling and make idiotic plans like tear it all up that will teach them...
Also option 3 is still on the table, legally so for the commons to vote against the declaration of article 50, damm process. Sort of thing that I guess people want rid off. The PM and cabinet need to present a case to parliament that shows they have a good enough plan to make it work. Nothing to date shows that.
With a strong shift in public opinion possible how many mps could disobey?
Also a minor point can you find people moaning about losing a vote or just asking the sort of difficult questions people seem to want to avoid?
By the way you cannot forgive me enjoying every single minute of our exit from the EU, it was something I thought would never happen, to be given a Referendum, to win it against all the establishment odds and then to see what for me is the best solution a hard Brexit delivered cleanly and quickly.
Think that sums it up really but I'll behave and not melt the swear filter.
Peyote - Member
Two clear choices today - to try and make a success of Brexit and the huge opportunities or sit moaning about how you lost the Referendum
Third option - Try to steer the entire tanker away from the rocks before it's too late. There seems to be lots of support for this option too.
tbh you're pissing against the wind.. i was against it, and firmly believe it was a stitch up from the beginning, but I'm thinking **** it, let's get on with it.
I also think making current EU just part for existing UK law and dealing with it down the line seems a pretty smart one, least on the face of it. should minimize legal disruption so they can concentrate on trade and let parliament deal with the laws as and when.
Jamba - that's a bit bleak. Do you not have any appealing choices to offer. I'm not accepting either of those ones.
I'm also going with making up my little list of quitter businesses that I'll never let have any of my cash again if I can help it. I'm not supporting folk who try to wreck my country. If Rosscore wants to forward me his business details I'll add him to the list. Same for you Jamba.
we will be having our own Human Rights Bill overseen by our own courts
Great! So when our own establishment violates our human rights we will be able to take the case directly to our own establishment and ask them to rule against themselves.
I'm sure that will work out much better than being able to take the case to an independent international court specialising in human rights law.
