The economic consequences of Brexit

[sidicks]

Ghibli said:

We already trade outside of the EU we are still in the EU.

Not sure anyone has suggested otherwise.

Ghibli said:

We have no new trade deals in place and we need to protect our economy.

You'll also be fully aware that we are unable to sign new deals while we in the EU and also that plenty of countries have expressed a willingness to negotiate deals with us.

Ghibli said:

When we leave we still won't have those trade deals. Let's hope we don't get bent over a barrel.

See above!

Edited by sidicks on Saturday 30th July 09:38

[anonymous-user]

///ajd said:

Unwelcome news

http://www.independent.co.uk/news/business/news/fo...

Is brexit being used as a brexcuse? Seems largely £ value related, so perhaps not.

Scaremongering, ignore it.

[anonymous-user]

sidicks said:

Ghibli said:

We already trade outside of the EU we are still in the EU.

Not sure anyone has suggested otherwise.

Ghibli said:

We have no new trade deals in place and we need to protect our economy.

You'll also be fully aware that we are unable to sign new deals while we in the EU and also that plenty of countries have expressed a willingness to negotiate deals with us.

Ghibli said:

When we leave we still won't have those trade deals. Let's hope we don't get bent over a barrel.

See above!

Edited by sidicks on Saturday 30th July 09:38

We have counties willing to continue trading with us on different terms. They know our position and have seen what happened last month.

[Digga]

Gargamel said:

Digga said:

he Moris Itex was a hateful car - a Barried-up Marina.

Ital I am reasonable sure, I learned to drive in one !

Thought it was awesome at the time, but then I'd never driven anything else

Itex, Ital, Izal. Arse wipe. A car long past its sell by date.

Ghibli said:

///ajd said:

Unwelcome news

http://www.independent.co.uk/news/business/news/fo...

Is brexit being used as a brexcuse? Seems largely £ value related, so perhaps not.

Scaremongering, ignore it.

Seems a little confused; there is no way in the world one could logically argue Brexit itself impacted before the vote. Uncertainty maybe, but how do you attribute any or all of that to Brexit?

Bridgend has been making engines for JLR for years, but the advent of JLRs huge new plant at J54, Wolverhampton probably has as much to do with this as Brexit; the writing was on the wall.

[sidicks]

Ghibli said:

We have counties willing to continue trading with us on different terms.

?

Ghibli said:

They know our position and have seen what happened last month.

??

[PurpleMoonlight]

sidicks said:

You'll also be fully aware that we are unable to sign new deals while we in the EU and also that plenty of countries have expressed a willingness to negotiate deals with us.

Well of course they are.

The issue is whether we will eventually agree the same deal we currently have via the EU, a better one or a worse one.

[sidicks]

PurpleMoonlight said:

Well of course they are.

The issue is whether we will eventually agree the same deal we currently have via the EU, a better one or a worse one.

OF course. Do you think they are desperate to negotiate trade deals so that they can impose taxes on our imports to them or so that they can export to us?

[///ajd]

Digga said:

Gargamel said:

Digga said:

he Moris Itex was a hateful car - a Barried-up Marina.

Ital I am reasonable sure, I learned to drive in one !

Thought it was awesome at the time, but then I'd never driven anything else

Itex, Ital, Izal. Arse wipe. A car long past its sell by date.

Ghibli said:

///ajd said:

Unwelcome news

http://www.independent.co.uk/news/business/news/fo...

Is brexit being used as a brexcuse? Seems largely £ value related, so perhaps not.

Scaremongering, ignore it.

Seems a little confused; there is no way in the world one could logically argue Brexit itself impacted before the vote. Uncertainty maybe, but how do you attribute any or all of that to Brexit?

Bridgend has been making engines for JLR for years, but the advent of JLRs huge new plant at J54, Wolverhampton probably has as much to do with this as Brexit; the writing was on the wall.

The Jag stuff has been moving for a while, all gone by 2018.

The Bridgend future seemed assured by this 2015 decision:

In March 2015, Ford of Europe made the recommendation to Ford HQ in Detroit to build the new "Dragon" designed petrol engines at Bridgend, after a review of options across plants in: Valencia, Spain; Cologne, Germany; and Craiova, Romania. The required investment is being backed with an additional £15M investment grant by the Welsh Government.[8]

This looks like just the sort of finely balanced decision that brexit could have tipped against us and they plump for a safer EU option to manage their business risk. The welsh plant is probably marginally the most efficient, but its competitve edge is blunted by uncertainty over tariffs, FMOL etc.

[PurpleMoonlight]

sidicks said:

OF course. Do you think they are desperate to negotiate trade deals so that they can impose taxes on our imports to them or so that they can export to us?

I don't know. Do you?

[sidicks]

PurpleMoonlight said:

I don't know. Do you?

No, I don't know. But I can make an educated guess.

[RYH64E]

///ajd said:

Unwelcome news

http://www.independent.co.uk/news/business/news/fo...

Is brexit being used as a brexcuse? Seems largely £ value related, so perhaps not.

Article said:

In Dagenham, 62 per cent of people voted to leave while in Bridgend 55 per cent said they wanted out.

I'd understand it if they wanted to leave Dagenham or Bridgend (who wouldn't?) but quite what decision making process led them to conclude that the EU was so bad for them I'll never understand, Bridgend especially has benefitted from EU regeneration funding.

http://bridgendfunding.org.uk/news

[sidicks]

RYH64E said:

I'd understand it if they wanted to leave Dagenham or Bridgend (who wouldn't?) but quite what decision making process led them to conclude that the EU was so bad for them I'll never understand, Bridgend especially has benefitted from EU regeneration funding.

http://bridgendfunding.org.uk/news

Funded by the UK...

[davepoth]

RYH64E said:

I'd understand it if they wanted to leave Dagenham or Bridgend (who wouldn't?) but quite what decision making process led them to conclude that the EU was so bad for them I'll never understand, Bridgend especially has benefitted from EU regeneration funding.

http://bridgendfunding.org.uk/news

Regeneration funding yes, but Harman, Wrigley, Sony, Fiskars, Remploy, Kimball Electronics, Cosi, Freeman UK have all closed in the last ten years as far as I can see, with no big companies moving in to replace them. At least some of those companies have closed factories to move production elsewhere in Europe.

I'm going to take a guess that the good people of Bridgend don't want to live on EU handouts.

[RYH64E]

sidicks said:

Funded by the UK...

Let's see whether a post-Brexit UK considers areas like Bridgend to be a priority when times get tough, now that the referendum has been won I doubt Boris et al will be spending much time in, or giving much thought to, run down parts of Wales.

[Digga]

RYH64E said:

sidicks said:

Funded by the UK...

Let's see whether a post-Brexit UK considers areas like Bridgend to be a priority when times get tough, now that the referendum has been won I doubt Boris et al will be spending much time in, or giving much thought to, run down parts of Wales.

That's certainly an issue, although quite how anyone can rationally expect aid distribution to be more efficient,mother greater number of hands it passes through (and troughs it fills) escapes me.

Given other auto manufacturer's post Brexit opinions, Ford's looks odd - like the issue is being used as an excuse. If it happens, they can expect a bit of backlash from UK consumers already spoiled for choice.

[don'tbesilly]

Ghibli said:

///ajd said:

Unwelcome news

http://www.independent.co.uk/news/business/news/fo...

Is brexit being used as a brexcuse? Seems largely £ value related, so perhaps not.

Scaremongering, ignore it.

Your sarcasm is noted.

It might help if everyone actually read and analysed what's written in the piece.

It's so riddled with holes and statements that make no sense it's quite laughable.

[///ajd]

davepoth said:

Regeneration funding yes, but Harman, Wrigley, Sony, Fiskars, Remploy, Kimball Electronics, Cosi, Freeman UK have all closed in the last ten years as far as I can see, with no big companies moving in to replace them. At least some of those companies have closed factories to move production elsewhere in Europe.

I'm going to take a guess that the good people of Bridgend don't want to live on EU handouts.

I suspect the good people of Bridgend don't want Ford to close their engine plant either.

[London424]

///ajd said:

davepoth said:

Regeneration funding yes, but Harman, Wrigley, Sony, Fiskars, Remploy, Kimball Electronics, Cosi, Freeman UK have all closed in the last ten years as far as I can see, with no big companies moving in to replace them. At least some of those companies have closed factories to move production elsewhere in Europe.

I'm going to take a guess that the good people of Bridgend don't want to live on EU handouts.

I suspect the good people of Bridgend don't want Ford to close their engine plant either.

Probably didn't want the EU to fund a plant move to Turkey either.

[///ajd]

London424 said:

///ajd said:

davepoth said:

Regeneration funding yes, but Harman, Wrigley, Sony, Fiskars, Remploy, Kimball Electronics, Cosi, Freeman UK have all closed in the last ten years as far as I can see, with no big companies moving in to replace them. At least some of those companies have closed factories to move production elsewhere in Europe.

I'm going to take a guess that the good people of Bridgend don't want to live on EU handouts.

I suspect the good people of Bridgend don't want Ford to close their engine plant either.

Probably didn't want the EU to fund a plant move to Turkey either.

The EU will do that anyway - we're leaving remember - no more veto!

[London424]

///ajd said:

London424 said:

///ajd said:

davepoth said:

Regeneration funding yes, but Harman, Wrigley, Sony, Fiskars, Remploy, Kimball Electronics, Cosi, Freeman UK have all closed in the last ten years as far as I can see, with no big companies moving in to replace them. At least some of those companies have closed factories to move production elsewhere in Europe.

I'm going to take a guess that the good people of Bridgend don't want to live on EU handouts.

I suspect the good people of Bridgend don't want Ford to close their engine plant either.

Probably didn't want the EU to fund a plant move to Turkey either.

The EU will do that anyway - we're leaving remember - no more veto!

They've been doing it the whole time we've been in!