If we vote for Brexit what happens

ruggedtoast

Oh dear.

https://www.theguardian.com/politics/2016/oct/31/nissan-assurances-over-brexit-cannot-be-published-says-business-secretary

Ironically this is where I sort of have some sympathy for Brexiters' views in terms of a protest against globalisation.

Britain is meant to have this incredibly productive car industry yet every nut and bolt of it can be moved elsewhere overnight and there is nothing anyone with a British passport can do about it.

Sadly, lonely Brexit UK is going to have to swallow a lot more of that headwind outside of the protective canopy of the EU.

I wonder how much its going to cost the UK taxpayer every time Nissan sells a car. Maybe we should just admit that carmaking is a state subsidised indistry now and bring back Rover. Well, not Rover, no one wants a car named after a dog, but something else with a better name.

There's probably an empty warehouse with some TVR moulds left over somewhere.

setmefree2

October saw the seasonally adjusted Markit/CIPS Purchasing Managers’ Index post 54.3, down slightly from 55.5 in September, to remain well above its long-run average of 51.5.

setmefree2

Falling sterling is a threat to Denmark

Denmark may not be the first country you would think of when assessing the impact of Brexit, but the Nordic economy is already suffering from the fall of the British pound, analysts say.
Amid a low-growth environment, a significant output gap, indebted households and concerns over the impact of negative rates on the housing market, Denmark is already facing an uncertain future without Brexit.
"(The fall in sterling) is affecting the Danish economy already," Jan Størup Nielsen, chief analyst, at Nordea Bank told CNBC on Friday.
Before the Brexit vote, the pound was nearly 9.8 Danish crown, or krone. That has now dropped to about 8.27 crowns.
"The significant weakening of the pound against the Danish krona is hurting exports, including on agricultural products," Nielsen added.

According to Nordea, Danish exports to the U.K. dropped nearly 0.5 billion Danish crowns ($0.07 billion) since the June vote. It is now at 2.75 billion DKK ($0.04 billion).

http://www.cnbc.com/2016/11/01/falling-sterling-is-a-threat-to-denmark.html

setmefree2

Brexit begins to take its toll on Irish engineering sector

Of those who responded based in Great Britain or Northern Ireland, over 67% said they were less likely to trade with the Republic of Ireland because of Brexit.
Engineers Ireland director general, Caroline Spillane, said: “The United Kingdom’s decision to leave the European Union colours every aspect of Ireland’s economic future, and the associated uncertainty and unease is already affecting the business activity of our members across the Republic of Ireland, Northern Ireland, and Great Britain.
“In the forthcoming exit negotiations it is essential for our Government to ensure that there is as little collateral damage to Ireland as possible and that we maximise any possible gains.”

https://www.irishexaminer.com/ireland/brexit-begins-to-take-its-toll-on-engineering-sector-428410.html

setmefree2

British farmers celebrate 'Eggs-it' as demand for home produced eggs rockets in wake of Brexit vote

Mr Jones said since Brexit , one company that imported 75% of egg products from Europe was now using a British supplier for all its egg based ingredients.

Figures from the Department for Environment, Food and Rural Affairs (Defra) show demand for imported eggs has slumped 15% year-on-year.

http://www.mirror.co.uk/news/uk-news/british-farmers-celebrate-eggs-it-9166959

ruggedtoast

setmefree2 wrote: »

http://www.cnbc.com/2016/11/01/falling-sterling-is-a-threat-to-denmark.html

Amidst all this gloating over the misfortune of foreigners, you seem to have missed the glaring point that the reason these countries are exporting less to the UK is because people in the UK are becoming too poor to buy their products.

setmefree2

Irish Brexit concerns will be heard, insists Merkel ally

Berlin will listen ‘closely’ to Dublin once London triggers divorce proceedings, says MEP

http://www.irishtimes.com/news/world/europe/irish-brexit-concerns-will-be-heard-insists-merkel-ally-1.2849755

setmefree2

sportswear retailer New Balance has announced that it is “not going anywhere” as it commits to the UK and brushes aside Brexit anxieties.The fashion giant, which is based in Boston, employs around 600 people in the UK, where it holds it EU headquarters. Much of the brands stock is also produced in the UK, within its Flimby factory in Cumbria which emplots around 240 people.
"We have faced plenty of political and economic challenges before and we are committed to the UK, our European headquarters are here,” Chief executive Rob DeMartini told the Press Association.
"We're not going anywhere. We have a big business here, we have a long standing commitment to manufacturing in the UK, that will continue.

http://www.retailgazette.co.uk/blog/2016/10/new-balance-wont-be-pushed-out-of-uk-by-brexit-fears

ruggedtoast

setmefree2 wrote: »

http://www.retailgazette.co.uk/blog/2016/10/new-balance-wont-be-pushed-out-of-uk-by-brexit-fears

Is that the same as the longstanding commitment that Kraft had to Cadbury's UK workers?

These sound bites are all very reassuring to customers and staff but you Brexifanatics have yet to explain why companies that sell to the EU, and specifically located themselves in the EU, would rather be based in a country that isn't in the EU.

MobileSaver

setmefree2 wrote: »

since Brexit , one company that imported 75% of egg products from Europe was now using a British supplier for all its egg based ingredients.

So presumably many products using "egg based ingredients" will soon be going up in price; well done Brexiteers, jolly good show.