Brexit the economy and house prices part 7: Brexit Harder

Arklight

movilogo wrote: »

Have they not given 900 employees option to relocate to EU? If they have, then nothing is preventing UK employees to move to EU (land of milk and honey).

Not everyone wants to or can relocate to another country. Can you move to another part of the England if your boss says the company is moving tomorrow (assuming you aren't retired and are in work, which would put you outside the norm of Leave voters)?

There is an avalanche of firms preparing to abandon the UK for the EU, including Airbus, which employs, 14,000 people. If that goes that will be an enormous hole in the economy. As it is, those 14,000 will be putting the brakes on all unnecessary spending. Holidays will be cancelled, car purchases put off, home improvement abandoned, so for many of the business that rely on serving them, for all intents and purposes they have already disappeared as customers.

It's this momentum of bad news that knocks economies off their feet.

BobQ

Arklight wrote: »

Not everyone wants to or can relocate to another country. Can you move to another part of the England if your boss says the company is moving tomorrow (assuming you aren't retired and are in work, which would put you outside the norm of Leave voters)?

There is an avalanche of firms preparing to abandon the UK for the EU, including Airbus, which employs, 14,000 people. If that goes that will be an enormous hole in the economy. As it is, those 14,000 will be putting the brakes on all unnecessary spending. Holidays will be cancelled, car purchases put off, home improvement abandoned, so for many of the business that rely on serving them, for all intents and purposes they have already disappeared as customers.

It's this momentum of bad news that knocks economies off their feet.

I'm sure that there will be many people in pro-leave areas who will take a very different view when they or their friends and spouses are made redundant by relocating firms. Of course it will be too late.

cogito

Arklight wrote: »

Not everyone wants to or can relocate to another country. Can you move to another part of the England if your boss says the company is moving tomorrow (assuming you aren't retired and are in work, which would put you outside the norm of Leave voters)?

There is an avalanche of firms preparing to abandon the UK for the EU, including Airbus, which employs, 14,000 people. If that goes that will be an enormous hole in the economy. As it is, those 14,000 will be putting the brakes on all unnecessary spending. Holidays will be cancelled, car purchases put off, home improvement abandoned, so for many of the business that rely on serving them, for all intents and purposes they have already disappeared as customers.

It's this momentum of bad news that knocks economies off their feet.

Are Airbus planning to leave the UK? If so, why?

Is it because the UK is no longer in the EU? If that's the case why do they buy engines from General Electric which is in the USA or buy other components from China? As far as I know, neither of these countries is in the EU.

HAMISH_MCTAVISH

cogito wrote: »

Are Airbus planning to leave the UK? If so, why?.

If there is a 'no deal' Brexit or a Brexit that does not have integrated low/no friction customs agreements with the EU then yes they have said they will leave.

A number of large car manufacturers have said similar. Ford have said this week a 'no deal' Brexit would cost them £600m in the first year alone, and Honda reckon closer to a Billion a year.

With all these companies they won't up-sticks immediately, there are sunk costs, but when the next model is released for cars, or when the wing designs need new production processes, the new investment will go to EU plants not UK ones and the UK facilities will be wound down over the next few years.

As to why perhaps you should ask Patrick Minford, the head of 'Economists for Brexit', as he is the one who testified to Parliament that leaving the EU would result in manufacturing 'being run down' and leaving the UK.

HAMISH_MCTAVISH

BobQ wrote: »

I'm sure that there will be many people in pro-leave areas who will take a very different view when they or their friends and spouses are made redundant by relocating firms. Of course it will be too late.

Yes indeed.

It is quite awful watching the UK destroy so much that has taken so long to build up. The rest of the World is looking on with a mixture of horror and pity at the self harm we are committing.

When the masses realise how badly they've been conned the anger directed at the elite Brexiteer Tory Toffs and their Billionaire Backers will be breathtaking.

No wonder The Times reports this weekend that the Conservative government has put plans in place to declare Martial Law in the event of no deal Brexit disruption and it's associated civil unrest.

Herzlos

movilogo wrote: »

Have they not given 900 employees option to relocate to EU? If they have, then nothing is preventing UK employees to move to EU (land of milk and honey).

The employees moving to the EU is still a great loss for us. It means we lose their tax and economic spending, along with that of their families.
Sure, it's only 900 direct jobs, but potentially a lot of indirect ones since they had a lot of international visitors who needed transport, fed and board. A 900 body office probably makes quite a lot of sales of a local coffee and sandwich shop.

And what do we have to replace them with?

wunferall

Herzlos wrote: »

The employees moving to the EU is still a great loss for us. It means we lose their tax and economic spending, along with that of their families.
Sure, it's only 900 direct jobs, but potentially a lot of indirect ones since they had a lot of international visitors who needed transport, fed and board. A 900 body office probably makes quite a lot of sales of a local coffee and sandwich shop.

And what do we have to replace them with?

:rotfl: :rotfl: :rotfl:

Yeah yeah yeah.
In May 2016 we were warned of hundreds of thousands of jobs being lost immediately if we dared to vote to leave the EU.
We were told that by now unemployment would have risen by 520,000.
By our own Treasury no less.
The reality?

The employment rate (the proportion of people aged from 16 to 64 years who were in work) was estimated at 75.8%, higher than for a year earlier (75.3%) and the highest since comparable estimates began in 1971.

https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/employmentandemployeetypes/bulletins/uklabourmarket/january2019

Don't be surprised when with statistics like these your cries of woe are ridiculed.

movilogo

There will be millions of jobs lost in near future due to rise of Artificial Intelligence.



How are you going to link it with Brexit?


If UK is out of EU, we can set our own trade terms which may lead to lots of companies jumping out of EU to UK.

wunferall

cogito wrote: »

Are Airbus planning to leave the UK? If so, why?

Is it because the UK is no longer in the EU? If that's the case why do they buy engines from General Electric which is in the USA or buy other components from China? As far as I know, neither of these countries is in the EU.

You're using that anathema of remainers again, logic.
You know they can't handle logic.


Ooh, BTW I see this week more wild remainer assertions that others won't invest in Britain because of Brexit.
That'll be why the Japanese Asahi just bought Fuller, Smith & Turner for £ hundreds of millions will it?

https://uk.reuters.com/article/us-fuller-smith-divestiture-asahi-group/japans-asahi-looks-beyond-brexit-britain-with-fullers-beer-buy-idUKKCN1PJ0Q5

wunferall

movilogo wrote: »

There will be millions of jobs lost in near future due to rise of Artificial Intelligence.



How are you going to link it with Brexit?


If UK is out of EU, we can set our own trade terms which may lead to lots of companies jumping out of EU to UK.

Auto jobs will go globally because of the onwards march of vehicle electrification too but remainers already blame for example Tata's poor management of Land Rover on Brexit.
It wa' nowt to do wi' t' silly beggars stickin' wi' diesel instead o' keepin' up wi' 't' times tha knows.


Funnily enough these same remainers don't acknowledge Dyson's foresight in deciding to locate in Singapore to manufacture his electric vehicles, slap-bang in an area likely to be the largest global market.
Asia.
Never mind that

Experts agreed the move would have little impact on the tax Dyson pays on its current product lines.

or that James Dyson is the third-largest UK personal tax payer, nope; all the remainers care about is what they perceive to be more Brexit-related propaganda.
As usual they are poorly-informed ........... and wrong.



https://www.theguardian.com/technology/2019/jan/27/why-is-dyson-going-to-singapore-tax-tech-electric-cars