Brexit the economy and house prices part 7: Brexit Harder

Herzlos

undetterred wrote: »

Well of course he will say that, just gives them a valid excuse instead of the elephant in the room - diesel.

Why isn't diesel a valid excuse?
Why is uncertainty about trading conditions for a just-in-time industry just an excuse?

There's probably some political element to it, but why so quick to deny Nissans justifications? They've been threatening this since the referendum. Jobs that would have gone to Sunderland will now be going to Europe, just like Project Fear claimed. For what?

MobileSaver

undetterred wrote: »

Well of course he will say that, just gives them a valid excuse instead of the elephant in the room - diesel.

As expected, Brexiteers are in complete denial and it doesn't matter how many companies invest in other countries instead of the UK; they will never admit that Brexit is a factor.

buglawton

May had secret talks with Nissan a while back where apparently 'promises were made'. Maybe Nissan finally realised it's been backing the wrong horse.

But frankly, all companies are right to stall big investment decisions until a certain trade landcape can be seen. The astonishing ineptitude of May's administration it what's kept up the uncertainty and which will now prolong the agony for even longer as the exit date gets pushed back.

Herzlos

The only thing that will have encouraged Nissan to stay would be a customs union which I don't doubt they were promised. Since that's not looking likely they've decided not to take the gamble on access and will likely just let current production in the UK run down, investing elsewhere for any new projects.

If we become cheap enough they might use us to build less time critical components.

wunferall

MobileSaver wrote: »

Nissan boss has now confirmed Brexit was a factor in the decision;

No he hasn't - or don't you know who the boss of Nissan is?
It was the firm's Europe chairman Gianluca de Ficchy (I wonder if he's part of Renault too?) and he also said:

Nissan is investing heavily in new technologies and powertrains for the next generation of vehicles in our Sunderland plant.

MobileSaver wrote: »

I wonder if all of the 61% in Sunderland who voted Leave are still happy with their decision?

Given the above why shouldn't they?

The pro-EU desperation is reaching new heights of sneering contempt, even when nothing official has been said upon which to base their derision!

LHW99

Jobs that would have gone to Sunderland will now be going to Europe

Not necessarily, the 200 jobs in question may go to Japan, nothing firm about that yet.
I believe the issues over Ghosn are in the background too.

Arklight

Nissan / Renault sell cars to Europe, apparently they would rather not do this from a country without a trade deal with Europe.

The EV Asian axiom, which appears to be the current straw to clutch de jour of the Brexit faithful, has nothing to do with anything. In fact only Brexiters could point to an enormous new market opportunity, and consider the fact the UK will be excluded from it to be some kind of Brexit vindication.

Nissan also sell cars to the UK, so they aren't going to make inflammatory statements about what a bunch of twits their customers are. They're still going and taking the jobs with them.

wunferall

MobileSaver wrote: »

As expected, Brexiteers are in complete denial and it doesn't matter how many companies invest in other countries instead of the UK; they will never admit that Brexit is a factor.

Just as certain remainers will never accept that not everything on planet earth relates to Brexit you mean?
Or that the EU is not the centre of the known universe?
:rotfl:

Here is some news for you about investment into the UK.

Statistics from Dealogic, a data firm, suggest that so far in 2018 a tenth of announced global mergers and acquisitions have involved a British firm as a target, the highest share since 2008.

https://www.economist.com/britain/2018/04/07/why-foreign-investment-into-britain-remains-so-strong

From 4th December:

Overseas investment into the UK at highest ever level

https://www.gov.uk/government/news/overseas-investment-into-the-uk-at-highest-ever-level

From 31st December:

The UKs vibrant tech sector has received over £5bn in venture capitalist funding between June 2016 and June 2018, more than France, Germany and Sweden combined.

https://www.gov.uk/government/news/uk-trade-and-investment-in-2018-behind-the-numbers
:T

I could carry on, but I have a feeling the naysayers would just ignore the statistics they obviously don't like.
As usual.

wunferall

Arklight wrote: »

Nissan / Renault sell cars to Europe, apparently they would rather not do this from a country without a trade deal with Europe.

You're making it up as you go along.
Why the huge investment in "new technologies and powertrains for the next generation of vehicles in our Sunderland plant" then?
Why will the new Quashqai, Juke & Electric Leaf be built in Sunderland?
:doh:

A final word.
Nissan aren't "going" - unless you know something nobody else does?
A link here from you might be appropriate if you do.
No, it's just more "the end of the world is nigh" bullpoop from remainers in their sheer desperation to try and prove that Brexit was a bad decision.

Well with record employment levels, rising wages and continuing growth at a time when some major EU economies are in recession all you're doing is looking like a bunch of whingers; small wonder these are referred to by some as "remoaners".

buglawton

Arklight wrote: »

Nissan / Renault sell cars to Europe, apparently they would rather not do this from a country without a trade deal with Europe.

The EV Asian axiom, which appears to be the current straw to clutch de jour of the Brexit faithful, has nothing to do with anything. In fact only Brexiters could point to an enormous new market opportunity, and consider the fact the UK will be excluded from it to be some kind of Brexit vindication.

Nissan also sell cars to the UK, so they aren't going to make inflammatory statements about what a bunch of twits their customers are. They're still going and taking the jobs with them.

I'm sure you're right. Who needs a democracy when our best interests should be dictated by a group of big-manufacturing CEOs?