The economic consequences of Brexit (Vol 3)
Discussion
citizensm1th said:
Sway said:
The costs of building in inefficient factories staffed under French employment law massively outweigh a tariff as low as ten percent...
But the only tariff they would pay is in the UK, I wonder where they would sell more cars if they were making them inside the single market the UK or the EU? And the French would bend over backwards to get one over the UK so I'd fully expect some sneaky back door financial help if Nissan did offer to keep French worker working. Illegal state aid might sway it for a French factory - that'd kinda put the whole "level playing field" stuff in the bulls
t bin it deserves to be in though, wouldn't it? citizensm1th said:
Quite but they have stated they will go if there is no fta so I guess they will change their growth plans accordingly, its all bks anyway as we all know cavey mccavey boris will end up signing some botch of an fta and spin it as a great British success
They said that they would pull out if we didn't join the Euro, to put pressure on the UK government to press ahead with that. We didn't join the Euro, they increased investment in Sunderland.ks anyway as we all know cavey mccavey boris will end up signing some botch of an fta and spin it as a great British success Nissan are full of s
t and will always try and push the agenda in their favour, as any large business does.It all boils down to how efficient the plant is and whether the model they produce has a market that can make a profit.
Boris wont cave on this one, he knows he is toast if he doesn't follow through on removing ECJ oversight and ensuring our ability to trade freely.
jsf said:
They said that they would pull out if we didn't join the Euro, to put pressure on the UK government to press ahead with that. We didn't join the Euro, they increased investment in Sunderland.
Nissan are full of st and will always try and push the agenda in their favour, as any large business does.
It all boils down to how efficient the plant is and whether the model they produce has a market that can make a profit.
Boris wont cave on this one, he knows he is toast if he doesn't follow through on removing ECJ oversight and ensuring our ability to trade freely.
I am glad your backing boris someone has to have confidence in him the poor luv has had a rough time of late. Nissan are full of s
t and will always try and push the agenda in their favour, as any large business does.It all boils down to how efficient the plant is and whether the model they produce has a market that can make a profit.
Boris wont cave on this one, he knows he is toast if he doesn't follow through on removing ECJ oversight and ensuring our ability to trade freely.
citizensm1th said:
Earthdweller said:
Are they the factories they are closing and part of the 15000 job losses Renault have just announced ?
There were reports that some Renault models production would also be transferred to Sunderland, the Captur being one mentioned
I heard the French government had stepped in and said non and you know those commie bastids more than will g to chuck money at a national industry There were reports that some Renault models production would also be transferred to Sunderland, the Captur being one mentioned
Macron has since stated that it is dependent on no job losses
Not sure where we are upto with that now tbf
There were supposed to be talks taking place to resolve
Ford Fiesta ST and Puma ST prices rise “due to Brexit”
Ford has substantially increased the prices of two of its most popular models for 2021, claiming that the rise is due to additional tariffs on components built outside the UK and EU.
According to UK price lists from December and January, the price of a Fiesta ST in ST-2 trim rose by £1455 at the start of this month. ST-3 and ST Edition models also went up by £1695, meaning the range now tops out at £28,770.
Also more expensive to buy this year is the recently launched Puma ST. That was available to order from September last year priced from £28,495, but this month that base price has increased to £30,415 with no equipment upgrades.
Speaking to Autocar, a Ford UK spokesman confirmed the rise was “all to do with Brexit pricing” because some of the engine components used in the production of both models are sourced from the US.
Those components push the two models over the allowable limit on what proportion of goods can be assembled from parts made outside of the UK and EU for tariff-free access. Known as ‘rules of origin’, it could mean a number of other UK models assembled in the EU from components made elsewhere become significantly more expensive.
https://www.autocar.co.uk/car-news/industry-news/f...
Ford has substantially increased the prices of two of its most popular models for 2021, claiming that the rise is due to additional tariffs on components built outside the UK and EU.
According to UK price lists from December and January, the price of a Fiesta ST in ST-2 trim rose by £1455 at the start of this month. ST-3 and ST Edition models also went up by £1695, meaning the range now tops out at £28,770.
Also more expensive to buy this year is the recently launched Puma ST. That was available to order from September last year priced from £28,495, but this month that base price has increased to £30,415 with no equipment upgrades.
Speaking to Autocar, a Ford UK spokesman confirmed the rise was “all to do with Brexit pricing” because some of the engine components used in the production of both models are sourced from the US.
Those components push the two models over the allowable limit on what proportion of goods can be assembled from parts made outside of the UK and EU for tariff-free access. Known as ‘rules of origin’, it could mean a number of other UK models assembled in the EU from components made elsewhere become significantly more expensive.
https://www.autocar.co.uk/car-news/industry-news/f...
barryrs said:
Sounds odd to me.
I’m sure there is a reason but the U.K.s trading relationship with the US is unchanged due to Brexit isn’t it?
Indeed. Those tariffs on US components existed before. I’m sure there is a reason but the U.K.s trading relationship with the US is unchanged due to Brexit isn’t it?
Instead, I believe the issue is that whilst they can now claim inward processing relief on those US tariffs (actually making the US components cheaper) - the car itself is now outside the UK/EU FTA and so attracts tariffs on the export price.
Sway said:
Indeed. Those tariffs on US components existed before.
Instead, I believe the issue is that whilst they can now claim inward processing relief on those US tariffs (actually making the US components cheaper) - the car itself is now outside the UK/EU FTA and so attracts tariffs on the export price.
Why would that effect U.K. list prices though?Instead, I believe the issue is that whilst they can now claim inward processing relief on those US tariffs (actually making the US components cheaper) - the car itself is now outside the UK/EU FTA and so attracts tariffs on the export price.
barryrs said:
Sway said:
Indeed. Those tariffs on US components existed before.
Instead, I believe the issue is that whilst they can now claim inward processing relief on those US tariffs (actually making the US components cheaper) - the car itself is now outside the UK/EU FTA and so attracts tariffs on the export price.
Why would that effect U.K. list prices though?Instead, I believe the issue is that whilst they can now claim inward processing relief on those US tariffs (actually making the US components cheaper) - the car itself is now outside the UK/EU FTA and so attracts tariffs on the export price.
Sway said:
barryrs said:
Sway said:
Indeed. Those tariffs on US components existed before.
Instead, I believe the issue is that whilst they can now claim inward processing relief on those US tariffs (actually making the US components cheaper) - the car itself is now outside the UK/EU FTA and so attracts tariffs on the export price.
Why would that effect U.K. list prices though?Instead, I believe the issue is that whilst they can now claim inward processing relief on those US tariffs (actually making the US components cheaper) - the car itself is now outside the UK/EU FTA and so attracts tariffs on the export price.
Parts imported to the U.K. from US, engine for example built up in the U.K., exported onward to an EU plant for assembly and finished car imported back to the U.K. for sale.
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