Brexit...GT cars....Don't Worry

[ooid]

Digga said:

oyotas, Hondas and Nissans not good enough for you?

From Toyota manufacturing U.K.;

Toyota fears a no deal Brexit would halt production at Burnaston for an unpredictable length of time, because the plant is heavily dependent on components imported from the European Union.

Marvin Cooke, director of the Burnaston plant fears for the long term future of the plant too. Cooke said, "In the longer term the burden of import and export costs would add permanent costs to our business, it would reduce our competitiveness. Sadly, that would reduce the number of cars made in the United Kingdom and that would cost jobs."

[Digga]

ooid said:

Digga said:

oyotas, Hondas and Nissans not good enough for you?

From Toyota manufacturing U.K.;

Toyota fears a no deal Brexit would halt production at Burnaston for an unpredictable length of time, because the plant is heavily dependent on components imported from the European Union.

Marvin Cooke, director of the Burnaston plant fears for the long term future of the plant too. Cooke said, "In the longer term the burden of import and export costs would add permanent costs to our business, it would reduce our competitiveness. Sadly, that would reduce the number of cars made in the United Kingdom and that would cost jobs."

Sure, but for now: https://www.telegraph.co.uk/business/2019/01/14/to...

"Toyota starts making new Corolla in Derbyshire "

[Dammit]

I imagine that decision was made years ago, but to go through with it is indeed noteworthy.

It’ll be rules of origin that kills the Nissan plant (and the others) as the cars wont be eligible for any FTA we sign unless the other party allows us to claim EU parts as UK ones- which is going to get vetoed by any member state with car manufacturers already present, or who wants to attract them.

[Cheib]

GT4P said:

My point involving the tomatoes is we import a shed load of stuff that we can farm or manufacturer in this country without having to import from other EU countries, the problem is we don't build a good quality affordable sports car or even more so a car for the people!
Maybe on brexit we will adopt an Australian level of car tax it certainly make a Mcclaren look cheap compared to a Porsche

Ths company produces 30% of the tomatoes we consume in the UK....so I imagine the total % is much higher

https://apsgroup.uk.com/

Perhaps a poor example ?

[f1ten]

We need also remember that UK is 5 th largest economy in the world. Ok we are about to get overtaken and relegated to 6 but still, it’s an important market for exporters to sell to us ....

[Dammit]

And therefore?

[f1ten]

I don’t see mass redundancies or factory closures. Try getting something build in Italy, oh closed for August , France well twice a month strikes etc. Fact is the world likes dealing with brits because what we say we deliver versus half of the eurozone that runs circles round Germany (who are the only nation with a similar work ethic to us).

The scenarios of brexit, I grant you, do lead to a smaller UK economy outside EU but I actually wager that there Will be no Eu in 5-7 yrs!!!

Want a tip from me, return to gold standard, oh and silver is massively under valued.

[IknowJoseph]

For the most useful economic indicators please see: https://www.economist.com/news/2019/01/10/the-big-...

[Dammit]

[cc3]

I can survive on Mars bars and Prosecco !

[braddo]

f1ten said:

I don’t see mass redundancies or factory closures. Try getting something build in Italy, oh closed for August , France well twice a month strikes etc. Fact is the world likes dealing with brits because what we say we deliver versus half of the eurozone that runs circles round Germany (who are the only nation with a similar work ethic to us).

The scenarios of brexit, I grant you, do lead to a smaller UK economy outside EU but I actually wager that there Will be no Eu in 5-7 yrs!!!

Want a tip from me, return to gold standard, oh and silver is massively under valued.

Look at where new car manufacturing factories have gone in recent years - Czech Rep, Slovakia, Poland, even Hungary. The first alone produces nearly as many cars as the UK. If anyone thinks the UK outside the EU single market will be a more appealing place to make cars than these countries when any plant needs to be part of an integrated JIT supply chain...

https://en.wikipedia.org/wiki/List_of_countries_by...

Even if Brexit were called off, the last 3 years have done tremendous damage to the UK's reputation as a reliable, get-things-done place in which to make long term investments.

[Dammit]

Indeed, you'd be insane to make a longterm investment in the UK that involved major sunk-costs - we've shown that we are not to be trusted.

If we do Brexit then we'll be permanently negotiating with the EU, with them keeping us on a rolling 12 month leash for financial services, aviation etc.

But, blue passports.

[isaldiri]

f1ten said:

The scenarios of brexit, I grant you, do lead to a smaller UK economy outside EU but I actually wager that there Will be no Eu in 5-7 yrs!!!

Want a tip from me, return to gold standard, oh and silver is massively under valued.

I'd be happy to take that bet for 5 years that the EU still exists.

And i think you've been reading too much zerohedge re gold standard

[braddo]

f1ten said:

1 The scenarios of brexit, I grant you, do lead to a smaller UK economy outside EU...

2 I actually wager that there Will be no Eu in 5-7 yrs!!!

1 - Shame that the pro-Brexit campaign in the referendum didn't want to tell the truth...

2 - The EU's collective political will will trump whatever is thrown at it. The Euro survived. Greece stayed in. Italy has talented. And the Euro is doomed to succeed. FT article (paywall):

https://www.ft.com/content/1c831854-15c6-11e9-a581...

I expect someone wants to comment about the overbearing EU while ignoring the reasons why Greece and Italy are up the spout (clue - national problems, not EU problems).

[SRT Hellcat]

braddo said:

I expect someone wants to comment about the overbearing EU while ignoring the reasons why Greece and Italy are up the spout (clue - unable to devalue their currency).

[Dammit]

"Enders’ sobering conclusion is that “in a global economy, the U.K no longer has the capability to go it alone.” The more reckless Brexiters would no doubt insist the opposite. They shouldn’t be surprised if multinational companies tell them to go right ahead and try."

https://www.bloomberg.com/opinion/articles/2019-01...

[braddo]

SRT Hellcat said:

braddo said:

I expect someone wants to comment about the overbearing EU while ignoring the reasons why Greece and Italy are up the spout (clue - unable to devalue their currency).

They wouldn't need to devalue their currency if they were running their economies properly. Endemic tax evasion in Greece and borrowing far more than they could afford to repay. Italy in a similar ballpark of events. Is it OK to manage an economy like that and then just have a bit of hyperinflation at the end to sort it out?

[ooid]

You can never reference Greece or Italy's attitude to criticize EU. They had reckless politicians with a culture tolerated high corruption. Please go have a look at Amsterdam, Copenhagen or even Berlin. Their infrastructure smooth, economy thriving and much better live/work standards than any other U.K. cities... these countries also innovate, and create jobs in great scales. Everytime I come back from Copenhagen to London, it feels like "Lebanon" tbh, and it will get worse with this nationalist attitude.

It's a big shame, a big clown like Farage (whose wife is German and kids multiple passports) completely mislead the nation with a false nostalgia.

[Dr S]

ooid said:

You can never reference Greece or Italy's attitude to criticize EU. They had reckless politicians with a culture tolerated high corruption. Please go have a look at Amsterdam, Copenhagen or even Berlin. Their infrastructure smooth, economy thriving and much better live/work standards than any other U.K. cities... these countries also innovate, and create jobs in great scales. Everytime I come back from Copenhagen to London, it feels like "Lebanon" tbh, and it will get worse with this nationalist attitude.

It's a big shame, a big clown like Farage (whose wife is German and kids multiple passports) completely mislead the nation with a false nostalgia.

As an EU-outsider: The problem IMO is less how Italy and Greece manage their economies. Expecting them to change once being in the EU was and still is rather naive. The real problem is how incompetent the EU leadership dealt with the issues.

[Digga]

Dr S said:

ooid said:

You can never reference Greece or Italy's attitude to criticize EU. They had reckless politicians with a culture tolerated high corruption. Please go have a look at Amsterdam, Copenhagen or even Berlin. Their infrastructure smooth, economy thriving and much better live/work standards than any other U.K. cities... these countries also innovate, and create jobs in great scales. Everytime I come back from Copenhagen to London, it feels like "Lebanon" tbh, and it will get worse with this nationalist attitude.

It's a big shame, a big clown like Farage (whose wife is German and kids multiple passports) completely mislead the nation with a false nostalgia.

As an EU-outsider: The problem IMO is less how Italy and Greece manage their economies. Expecting them to change once being in the EU was and still is rather naive. The real problem is how incompetent the EU leadership dealt with the issues.

This. And Copenhagen's only more pleasant than other more cosmopolitan European cities because the Danes are rounding all their immigrants up and putting them on islands. Nice.

https://edition.cnn.com/2018/12/05/europe/denmark-...