Brexit the economy and house prices part 7: Brexit Harder

Herzlos

Frozen food prices to go up 2-20% overnight with Brexit:
https://www.independent.co.uk/news/business/news/brexit-food-price-rise-birds-eye-warning-wto-tariffs-a8784246.html?utm_medium=Social&utm_source=Facebook#Echobox=1550493284

But I guess we're all sick of eating, too.

Rinoa

Ian Howells, senior vice-president for Honda in Europe, told the BBC: "We're seeing unprecedented change in the industry on a global scale. We have to move very swiftly to electrification of our vehicles because of demand of our customers and legislation.

"This is not a Brexit-related issue for us, it's being made on the global-related changes I've spoken about.

Remainers .......

SouthLondonUser

And of course we should all believe corporate PR!

Arklight

Honda has told its staff it will halt production at its UK plant for six days after Brexit, becoming the latest manufacturer to prepare to shutter its facility at the end of March.

January 2019

https://www.ft.com/content/be4d30b2-14f8-11e9-a581-4ff78404524e

Honda UK has said it will shut down its Swindon factory for six days in April as part of its preparations for any disruption caused post-Brexit.

https://www.bbc.co.uk/news/business-46829441

January 2019

Honda: No-deal Brexit 'would cost tens of millions'

September 2018

https://www.bbc.co.uk/news/business-45558424

Honda faces the real cost of Brexit in a former Spitfire plant

https://www.ft.com/content/8f46b0d4-77b6-11e8-8e67-1e1a0846c475

June 2018

HONDA bosses are warning of ‘unprecedented’ disruption to its supply chain if Britain leaves the customs union after Brexit.

The car manufacturer, which employs 4,000 staff at its Honda Civic plant in South Marston, says that leaving the customs union will lead to severe disruption which could force it to use sea routes, adding up to nine days to production times.

https://www.swindonadvertiser.co.uk/news/16319736.honda-fears-of-unprecedented-disruption-from-brexit/

June 2018

Japan's ambassador to Britain issued an unusually blunt warning on the risks of trade barriers. "If there is no profitability of continuing operations in the UK - not Japanese only - then no private company can continue operations," Koji Tsuruoka told reporters when asked how real the threat was to Japanese companies of Britain not securing frictionless EU trade.

https://europe.autonews.com/article/20180209/ANE/180209764/nissan-honda-toyota-warn-about-brexit-high-stakes

February 2018

Honda UK warns MPs of consequences of leaving EU customs union

https://www.theguardian.com/politics/2017/nov/14/honda-uk-warns-mps-of-consequences-of-leaving-eu-customs-union

November 2017

You can all keep pretending Honda leaving has nothing to do with Brexit. It will be cold comfort to the thousands of people set to lose their jobs because of your decision.

Tromking

SouthLondonUser wrote: »

And of course we should all believe corporate PR!

If the Corporate PR had said it was wholly down to Brexit, you'd be all over it like a rash.

In other news, UK employment hits record levels.

https://www.bbc.com/news/business-47290331

mayonnaise

Herzlos wrote: »

Frozen food prices to go up 2-20% overnight with Brexit:

This is obviously Project Fear.
Until it happens, when it will become totally unrelated to Brexit, but rather due to unprecedented change in the frozen food industry on a global scale.

SouthLondonUser

It is not unreasonable for companies not to want to upset their customers on highly divisive issues. That’s one of the key reasons many companies have not taken an official view on Brexit. No company statement should ever be taken at full value, regardless of the content. Things should be analysed in context.

There is a risk that car production in the UK will be heavily disrupted because of potential tariffs and because of delays to the just-in-time production if there is a logistical chaos at the border.
There has been no clarity on Brexit. It is not clear what the country wants, nor who is in charge, since the PM keeps being defeated in Parliament.
There are other Japanese plants in the EU (again, the Toyota plants in France, Portugal, the Czech Republic) which, as far as I know, are not being closed.
The Brits haven’t exactly filled the Japanese with confidence because they recently sent a letter which basically accused the Japanese of dragging their feet in the negotiations for a new trade deal; the Japanese weren’t exactly thrilled.

So, in light of all of the above, yes, I think it is very reasonable to conclude that Brexit does have more than a little bit to do with it. But I am of course happy to be proven wrong – care to explain why the points I mentioned above are irrelevant?

PS Oh, the fact that the Chancellor’s trip to China was cancelled, presumably following the defence minister’s comments on sending aircraft carriers to the Pacific, is yet more proof of the great diplomatic skills of this nation – surely a great future and a great number of easy trade deals await us!

movilogo

This is a Honda Swindon job loss news from 2014.

https://www.bbc.co.uk/news/uk-england-wiltshire-26728287

This proves Honda is reducing operation since long.

I wonder why no one blamed EU then?

I still want to see examples where EU made some decisions which resulted in job losses in Germany.

Tromking

SouthLondonUser wrote: »

So, in light of all of the above, yes, I think it is very reasonable to conclude that Brexit does have more than a little bit to do with it. But I am of course happy to be proven wrong – care to explain why the points I mentioned above are irrelevant?

.....Turkey?

SouthLondonUser

You mean the plant being closed in Turkey? But isn't that linked to the Swindon plant, as in one produces for the other, or something like that?

Why is Toyota not closing its EU plants, then?