Prepping for Brexit thread 12 June 2018 at 12:39PM edited 30 November -1 at 12:00AM in Old Style MoneySaving 3.8K replies 530.1K views

skogar

It's too late for some of us already Grey Queen. In the part of multinational company I work for the main sites for Europe were in Germany and the UK. After Brexit the decision was taken to centralise in Germany and the UK is being significantly downsized and will effectively become a small satelite operation. Our site will close completely and the few jobs that remain are being relocated well out the area. Unfortunately it isn't just the people who voted for Brexit who feel the impact of their decision. The requirements being imposed by the government on our sector make me fearful that some companies may pull out of the UK altogether.

tooldle

Sadly, I think we will see more job losses and stories similar to your Skogar.
There is an article on the BBC website this morning, which talks about the experiences of companies who sell fashion into the EU. It states that many orders are being refused at the point of delivery, when it becomes clear to the purchaser that customs charges have been applied. There is a growing pile of 'returns' sitting in courier's warehouses across the EU waiting on the UK vendor decision on what to do. Some of these business have spoken directly to the Dept for International Trade and been advised the solution may lie in opening a EU distribution hub. 
I don't know many people who work in picking and packing for fashion business, but those that I do are low paid and on zero hours or part time contracts with an expectation to work overtime on a more or less continuous basis. It is these people who will bear the brunt should their company follow Dpt. I&T advice.

daz378

Surely European firms  will suffer  if Britain  stops  buying their goods...is this a temporary  problem  as we adjust to a new system?  How's  it going to be sorted,  if indeed it is

Farway

daz378 said:

Surely European firms  will suffer  if Britain  stops  buying their goods...is this a temporary  problem  as we adjust to a new system?  How's  it going to be sorted,  if indeed it is

I suspect it's temporary as it settles down and EU goods & suppliers also find orders from UK vanishing, I have seen postings elsewhere with UK customers finding an unexpected import charge & refusing delivery

I don't know what the solution is or will be, after all people do buy from USA or China and seem to manage

On a more positive note, more jobs secured

https://ph.news.yahoo.com/nissan-commits-uk-car-plant-100249957.html

MingVase

Daz the EU has 27 other countries to trade with - we are the lone banana republic that nobody wants to know.

tooldle

Farway said:

daz378 said:

Surely European firms  will suffer  if Britain  stops  buying their goods...is this a temporary  problem  as we adjust to a new system?  How's  it going to be sorted,  if indeed it is

I suspect it's temporary as it settles down and EU goods & suppliers also find orders from UK vanishing, I have seen postings elsewhere with UK customers finding an unexpected import charge & refusing delivery

I don't know what the solution is or will be, after all people do buy from USA or China and seem to manage

On a more positive note, more jobs secured

https://ph.news.yahoo.com/nissan-commits-uk-car-plant-100249957.html

The £61 million Nissan received from the UK Government will have no doubt helped significantly.
i do hope the processes for import and export will become smoother with time. We are no longer in the customs union hence the charges and unless we ‘rejoin’ this is the new normal.