Lots of angry people today.

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RizzoTheRat

25,166 posts

192 months

Monday 11th July 2016
quotequote all
jjlynn27 said:
Mr Whippy said:
London424 said:
Not sure if posted...looks like investment in the UK to me.

http://www.bbc.co.uk/news/business-36763212
We pay a company £3 billion and they do business here.

I'm sure any business would do business here if there is £3 billion of business being offered?
I'm going to agree with London424, this is fantastic news. You are not paying company £3b, you are telling them that you'll buy their goods. We would, presumably, have to buy those planes anyway, so this is very good news.
I wouldn't have really said this is Boeing investing in the UK. The MoD will be paying for it all. Boeing will be recruiting some people in the UK but that's pretty standard for service contracts.

anonymous-user

54 months

Monday 11th July 2016
quotequote all
Mr GrimNasty said:
By the time, if ever(!), the EU had signed the US trade agreement, one thing is for sure, any trade like that Boeing deal would have been far more bureaucratic and vastly more expensive.

So in that respect, it is far better done outside the auspices of the EU regardless.
Ok - I thought he was referring to this deal and I had missed out swift exit from the EU this morning.
It's been quite a busy news day, so I just needed to double check.

minimoog

6,894 posts

219 months

Monday 11th July 2016
quotequote all
Mr GrimNasty said:
desolate said:
minimoog said:
You know what I mean smartarse smile
I don't.

What do you mean "impossible before Brexit"?
By the time, if ever(!), the EU had signed the US trade agreement, one thing is for sure, any trade like that Boeing deal would have been far more bureaucratic and vastly more expensive.

So in that respect, it is far better done outside the auspices of the EU regardless.
Correct me if I'm wrong here, but the UK has, as members of the EU, agreed this trade with a US company.

Under what trade agreement has the UK done this deal if not as a still-standing member of the EU?

Now forgive my confusion, but I thought the narrative here is that this kind of thing isn't really possible while we're members of the EU (protectionist bloc and all that), and we therefore needed Brexit to make this kind of thing happen. Yet here we are - still members of the EU, for now. And here is this deal - happened.



andymadmak

14,569 posts

270 months

Monday 11th July 2016
quotequote all
minimoog said:
Correct me if I'm wrong here, but the UK has, as members of the EU, agreed this trade with a US company.

Under what trade agreement has the UK done this deal if not as a still-standing member of the EU?

Now forgive my confusion, but I thought the narrative here is that this kind of thing isn't really possible while we're members of the EU (protectionist bloc and all that), and we therefore needed Brexit to make this kind of thing happen. Yet here we are - still members of the EU, for now. And here is this deal - happened.
I don't think anyone has said what you are saying they said.

On the contrary, I think Remain has been implying that it is only through continued EU membership that the Uk will be considered worth doing business with by non EU countries.

minimoog

6,894 posts

219 months

Monday 11th July 2016
quotequote all
andymadmak said:
On the contrary, I think Remain has been implying that it is only through continued EU membership that the Uk will be considered worth doing business with by non EU countries.


Sylvaforever

2,212 posts

98 months

Monday 11th July 2016
quotequote all
RizzoTheRat said:
jjlynn27 said:
Mr Whippy said:
London424 said:
Not sure if posted...looks like investment in the UK to me.

http://www.bbc.co.uk/news/business-36763212
We pay a company £3 billion and they do business here.

I'm sure any business would do business here if there is £3 billion of business being offered?
I'm going to agree with London424, this is fantastic news. You are not paying company £3b, you are telling them that you'll buy their goods. We would, presumably, have to buy those planes anyway, so this is very good news.
I wouldn't have really said this is Boeing investing in the UK. The MoD will be paying for it all. Boeing will be recruiting some people in the UK but that's pretty standard for service contracts.
100 million pounds of construction on base for P8, sounds like a considerable LOCAL investment to me.

http://stv.tv/news/north/1360325-boeing-to-build-1...

Boeing is to build a £100m facility for a new fleet of spy planes based in Scotland.

RAF Lossiemouth in Moray will be the home of the new fleet of nine P-8A Poseidon military aircraft the UK Government ordered last year.

The US plane-maker said the deal will make the UK its European base for the training, maintenance, repair and overhaul of fixed-wing and rotary platforms for the firm.

It also stated the expansion plans will effectively double the number of people it employs in the UK to around 4000.

Boeing also pledged to increase the bid opportunities it offers to UK suppliers in an attempt to double their work with the manufacturer.

The P-8A Poseidon planes, announced as part of the Strategic Defence and Security Review last November, will replace the UK's fleet of Nimrod surveillance aircraft which were based at RAF Kinloss until they were scrapped in 2010.

Prime Minister David Cameron said: "I want the UK to continue to be at the forefront of the global aerospace industry, both civil and defence.

"That's why I'm delighted that we can announce today a long-term strategic initiative with Boeing that will create thousands of jobs, secure investment in R&D and create opportunities for the supply chain, as well as delivering on our defence commitments.

"Boeing is one of the world's most respected aerospace companies. This long-term commitment shows the UK is open for business, and attractive for investment."

Boeing chairman Dennis Muilenburg said: "Boeing is committed to the UK Government's prosperity agenda and we share the goals of enhanced economic growth that the Prime Minister has set out to us."



Edited by Sylvaforever on Monday 11th July 14:19

RizzoTheRat

25,166 posts

192 months

Monday 11th July 2016
quotequote all
Sylvaforever said:
100 million pounds of construction on base for P8, sounds like a considerable LOCAL investment to me.
It is, but it's the MoD paying Boeing to build it.

andymadmak

14,569 posts

270 months

Monday 11th July 2016
quotequote all
minimoog said:
andymadmak said:
On the contrary, I think Remain has been implying that it is only through continued EU membership that the Uk will be considered worth doing business with by non EU countries.
hehe

Seriously though....is this not one of Remains arguments? That outside the EU the UK will be a small unit (and thus not as attractive a proposition to set about constructing a special trade deal with) compared to UK within the EU?

Sylvaforever

2,212 posts

98 months

Monday 11th July 2016
quotequote all
RizzoTheRat said:
Sylvaforever said:
100 million pounds of construction on base for P8, sounds like a considerable LOCAL investment to me.
It is, but it's the MoD paying Boeing to build it.
readit

I don't think the UK MOD will be building Boeing's European maintenance hub somehow.

minimoog

6,894 posts

219 months

Monday 11th July 2016
quotequote all
andymadmak said:
Seriously though....is this not one of Remains arguments? That outside the EU the UK will be a small unit (and thus not as attractive a proposition to set about constructing a special trade deal with) compared to UK within the EU?
Yes. But is it not the case that this deal has been mooted, proposed, agreed, signed, and sealed all while we're members of the EU?

Or did they manage to do all that over the course of the last 12 days?

Remember this news was touted as mocking Obama's warning that UK would be back of the queue dealing with the US post-Brexit.

Mr Whippy

29,042 posts

241 months

Monday 11th July 2016
quotequote all
Sylvaforever said:
RizzoTheRat said:
jjlynn27 said:
Mr Whippy said:
London424 said:
Not sure if posted...looks like investment in the UK to me.

http://www.bbc.co.uk/news/business-36763212
We pay a company £3 billion and they do business here.

I'm sure any business would do business here if there is £3 billion of business being offered?
I'm going to agree with London424, this is fantastic news. You are not paying company £3b, you are telling them that you'll buy their goods. We would, presumably, have to buy those planes anyway, so this is very good news.
I wouldn't have really said this is Boeing investing in the UK. The MoD will be paying for it all. Boeing will be recruiting some people in the UK but that's pretty standard for service contracts.
100 million pounds of construction on base for P8, sounds like a considerable LOCAL investment to me.

http://stv.tv/news/north/1360325-boeing-to-build-1...
But WE'RE paying for it.

That isn't Boeing investing in the UK, that's the UK giving Boeing money to make something here. Boeing wouldn't be doing business here unless it makes financial sense to do so.
That financial motive is paid for by the UK tax payer.

If this was Boeing making P8s here to sell here and also around the world then that would be quite different.

andymadmak

14,569 posts

270 months

Monday 11th July 2016
quotequote all
minimoog said:
andymadmak said:
Seriously though....is this not one of Remains arguments? That outside the EU the UK will be a small unit (and thus not as attractive a proposition to set about constructing a special trade deal with) compared to UK within the EU?
Yes. But is it not the case that this deal has been mooted, proposed, agreed, signed, and sealed all while we're members of the EU?

Or did they manage to do all that over the course of the last 12 days?

Remember this news was touted as mocking Obama's warning that UK would be back of the queue dealing with the US post-Brexit.
Yes but they still signed it, even after we said we were leaving.

And Obamas back of the queue warning has already been comprehensively binned by his own sec of state.

minimoog

6,894 posts

219 months

Monday 11th July 2016
quotequote all
andymadmak said:
Yes but they still signed it, even after we said we were leaving.
Of course they did. The deal is the UK paying them to make planes for the UK in the UK.

Europe doesn't come into it. So why in Brexit terms is it even noteworthy? The only aspect of note I can see is that us being members of the EU didn't hinder it happening in any way.

RizzoTheRat

25,166 posts

192 months

Monday 11th July 2016
quotequote all
Sylvaforever said:
readit

I don't think the UK MOD will be building Boeing's European maintenance hub somehow.
Never underestimate how stupid a MoD contract can be biggrin

Given that at the moment the UK are the only European customer for the P-8 so far military customers for a maintenance hub are going to be limited. If they're looking at doing civilian airliner maintenance at the same location then the MoD paying them build a facility there is a good incentive for them to put in a bit of investment to expand it.

Interestingly it seems we're buying AH-64E's outright from Boeing this time, last time they were modified and assembled by Westland in the UK.

Edited by RizzoTheRat on Monday 11th July 14:42

andymadmak

14,569 posts

270 months

Monday 11th July 2016
quotequote all
minimoog said:
andymadmak said:
Yes but they still signed it, even after we said we were leaving.
Europe doesn't come into it. So why in Brexit terms is it even noteworthy? The only aspect of note I can see is that us being members of the EU didn't hinder it happening in any way.
erm, now you are confusing me.

Was it not you who said
minimoog said:
Correct me if I'm wrong here, but the UK has, as members of the EU, agreed this trade with a US company.

Under what trade agreement has the UK done this deal if not as a still-standing member of the EU?

Now forgive my confusion, but I thought the narrative here is that this kind of thing isn't really possible while we're members of the EU (protectionist bloc and all that), and we therefore needed Brexit to make this kind of thing happen. Yet here we are - still members of the EU, for now. And here is this deal - happened.
you seemed to be implying that Brexiters were claiming that this deal was one in the eye for the EU and Obama because it was don after Brexit

You also seemed to be implying that since the deal was done whilst the UK was part of the EU then it was a demonstration of EU membership brings

I responded that they signed the deal anyway

You respond by asking what the relevance of the EU is to the deal ....


So I am confused. Are we saying the same thing? nuts Namely that the deal does not support the arguments of either the Remain or the Brexit camps?

minimoog

6,894 posts

219 months

Monday 11th July 2016
quotequote all
andymadmak said:
So I am confused. Are we saying the same thing? nuts Namely that the deal does not support the arguments of either the Remain or the Brexit camps?
Probably best we leave it at that, yes beer

Johnnytheboy

24,498 posts

186 months

Monday 11th July 2016
quotequote all
minimoog said:
Probably best we leave it at that, yes beer
Mods, quick, lock this interminable thread! hehe
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