Brexit, the economy and house prices part 5

Herzlos

Rinoa wrote: »

Perfectly reasonable - if you don't mind being subservient to the EU.

I'd rather we stayed in and led it, but that's apparently undemocratic.

Theophile

tracey3596 wrote: »

More news which flies in the face of remainer cries of woe.

Toyota to build new Auris car at UK plant, in Brexit boost for PM May

https://uk.reuters.com/article/uk-toyota-britain/toyota-to-build-new-auris-car-at-uk-plant-in-brexit-boost-for-pm-may-idUKKCN1GC1EL?il=0

Toyota talks to Government...

Top bosses from over 20 Japanese companies are holding talks with the Government amid concerns that billions in investment are at risk because of Brexit.

Among those attending a meeting hosted by Prime Minister Theresa May will be the heads of carmakers Nissan, Honda and Toyota, which employ thousands in the UK.

https://www.belfasttelegraph.co.uk/news/uk/japanese-bosses-hold-brexit-talks-with-theresa-may-36582173.html

...and hey presto, 3 weeks later Toyota announces the Auris will be built in the UK.
It's good news all right. Another confirmation that we're heading for customs union (at least).

Herzlos

tracey3596 wrote: »

If you had read the link it clearly says:

I think perhaps the word you were looking for to describe how the EU wrote it was "coercion".

In my opinion it's far more likely that the EU must be worried at seeing their hoped-for tens of billions of Euros slipping further from their gluttonous grasp.

I think you're really grasping at straws.

I think it's more likely the EU is trying to force the UK's hand to settle on something, they got bored of this game a year ago.

Rinoa

ilovehouses wrote: »

Anyone who has ever been in this or any other car factory will realise the epic scale of the investment.

Don't expect brexit to mean that businesses would rather walk away than sweat those assets and sunk costs. More likely new factories to serve the EU won't be built in the UK.

The EU sells us 3 times as many cars as we sell them.

In a 'no deal' situation and 10% tariffs, we'll need to build lots of own cars. Toyota will sell every Auris they make here.

Arklight

Golly, the EU has certainly stuck it to the UK Brexiters today. Boris blithering about Camden and Westminster and the congestion charge yesterday, a 165 document detailing how the EU will implement a hard border between NI and the UK today.

And it looks like Gibraltar's airport will come under Spanish jurisdiction as well unless the Little Englanders are going to be planning a Berlin Airlift for tax exiles.

It!!!8217;s almost like if you intend to spend two years prevaricating with the world¡s largest political bloc then the decision is just made for you.

The EU is really hardball now. Better get used to it.

tracey3596

Herzlos wrote: »

Again, Tracey, did you read the article?

Did you see a quote and a link or a blank page?
Kindly cease the unwarranted barbs - or are you one of those who, as has been suggested, is doing little more than trying to provoke such disagreement as to get this thread shut down?


As for the content of your post it appears that again you rely upon the media need to add a "but" to every piece of news.
Toyota could very easily have said that no decision had been made or that none would be made until the future becomes clear.
Toyota could have said that they were considering moving manufacture or in fact that they would move manufacturing "if..." .
They could even simply have said nothing.
But they haven't, have they?

They have committed to UK manufacturing and what does matter is that the future of UK Toyota workers is secured for a while longer despite Brexit.
Along with those of Nissan, Honda and even BMW with their electric Mini.

Imagine the response if you were to ask all these UK workers what they think of your opinions.

Arklight

tracey3596 wrote: »

Did you see a quote and a link or a blank page?
Kindly cease the unwarranted barbs - or are you one of those who, as has been suggested, is doing little more than trying to provoke such disagreement as to get this thread shut down?


As for the content of your post it appears that again you rely upon the media need to add a "but" to every piece of news.
Toyota could very easily have said that no decision had been made or that none would be made until the future becomes clear.
Toyota could have said that they were considering moving manufacture or in fact that they would move manufacturing "if..." .
They could even simply have said nothing.
But they haven't, have they?

They have committed to UK manufacturing and what does matter is that the future of UK Toyota workers is secured for a while longer despite Brexit.
Along with those of Nissan, Honda and even BMW with their electric Mini.

Imagine the response if you were to ask all these UK workers what they think of your opinions.

The Tories have already effectively written Nissan a blank cheque to maintain production in the UK, promising the taxpayer will cover any tariffs.

https://www.theguardian.com/politics/2016/oct/30/nissans-post-brexit-deal-could-lead-to-colossal-bills-for-taxpayers?CMP=Share_iOSApp_Other

If the EU slaps 100% tariffs on the cars we make for them then Japan's car industry will bankrupt us.

Has Toyota been offered something different?

tracey3596

Arklight wrote: »

The Tories have already effectively written Nissan a blank cheque to maintain production in the UK, promising the taxpayer will cover any tariffs.

https://www.theguardian.com/politics/2016/oct/30/nissans-post-brexit-deal-could-lead-to-colossal-bills-for-taxpayers?CMP=Share_iOSApp_Other

That was firmly debunked as soon as it was suggested though, wasn't it - or did you forget that?
Here's one later example for you.

Whitehall sources reveal the letter which led the car manufacturer to commit to the UK contained no figure for potential compensation

http://www.independent.co.uk/news/uk/politics/brexit-nissan-letter-no-money-davos-theresa-may-a7538391.html
(Yes I have read that and expect further remainer diatribe as a result of posting it. )

QUOTE=Arklight;73950363]If the EU slaps 100% tariffs on the cars we make for them then Japan's car industry will bankrupt us.
Already answered above and shown to be carp.
Has Toyota been offered something different?[/QUOTE]
Different to what?

Again I point out what I said earlier:

tracey3596 wrote: »

Toyota could very easily have said that no decision had been made or that none would be made until the future becomes clear.
Toyota could have said that they were considering moving manufacture or in fact that they would move manufacturing "if..." .
They could even simply have said nothing.
But they haven't, have they?

Honda, Nissan & Toyota all commit when they could have said nothing.
Ponder why that is.

phillw

Arklight wrote: »

The Tories have already effectively written Nissan a blank cheque to maintain production in the UK, promising the taxpayer will cover any tariffs.

I believe they said there weren't planning on import tariffs or border delays and there would be no problems with Nissan bringing in whatever employees from abroad they needed.

Nissan said that if anything materially changes then they will reconsider.

Theresa May is busy making Fudge, but there isn't enough to go round.

Investment by the car industry in the UK has halved since the referendum, the government is giving Toyota 21million pounds of tax payers money to stay in Wales. They were given the same assurance as Nissan, maybe they are hoping Toyota don't notice.

Rinoa wrote: »

Perfectly reasonable - if you don't mind being subservient to the EU.

I never have been and whether we have hard brexit or soft brexit then I still never would be. The EU has worked for us for years. We don't need inflammatory words like that being used either.

Theophile

Thousands of jobs at risk as Maplin and Toys R Us fall into administration

"Nothing to do with Brexit!" I hear the usual suspects say.

As usual, they are wrong.

“As the CEO of Maplin, Graham Harris, highlighted, since the referendum the pound has taken a battering. That has led to inflation which has squeezed pay and profits, and uncertainty about our economic future has continued to grow. Far from ushering in a bright economic future, the threat of Brexit has put jobs and investment at risk.

https://www.theguardian.com/business/live/2018/feb/28/markets-fall-interest-rate-fears-brexit-pound-growth-gdp-business-live