Xann Posted December 17, 2020 Share Posted December 17, 2020 Quote The break-up of the United Kingdom has just accelerated DUP’s Brexit manoeuvring has done more to undermine the Union than Sinn Féin Irish Times 1 Link to comment Share on other sites More sharing options...
Genie Posted December 17, 2020 Share Posted December 17, 2020 There’s a story on the BBC about the latest call between Boris and the EU, I’d post it here but it’s the same as the last 10. Big differences, no deal, EU won’t budge. Link to comment Share on other sites More sharing options...
Xann Posted December 17, 2020 Share Posted December 17, 2020 Quote TOKYO -- Nissan Motor has decided against manufacturing its newest electric vehicle in the U.K. for sale in the European Union, Nikkei has learned, over concerns that the automobile will face higher tariffs in the absence of a post-Brexit trade deal. Instead, Nissan will ship the Ariya from Japan when the vehicle goes on sale in the EU next year. Nissan initially considered making the Ariya at its Sunderland assembly plant in Britain. But London and Brussels have yet to sign a free trade agreement, even with the British exit from the EU set to be finalized at the end of the month. Under a no-deal Brexit, British auto exports to the EU face a 10% tariff. Japanese-made autos face only a 7.5% import tariff under the economic partnership agreement Tokyo signed with the EU, and the trade deal will abolish that duty in 2026. Japan's EPA with Britain takes effect next month. It will abolish the auto tariff in a similar manner as the Japan-EU trade deal. These circumstances led Nissan to decide in favor of exporting the Ariya from Japan for the time being. Nikkei 1 Link to comment Share on other sites More sharing options...
meregreen Posted December 18, 2020 Share Posted December 18, 2020 2 hours ago, Xann said: Nikkei Project fear becoming project reality. Expect foreign investment to drop off a cliff. The next development, will be home grown companies moving some operations to the EU. It was all so predictable and so avoidable. 1 Link to comment Share on other sites More sharing options...
HanoiVillan Posted December 18, 2020 Share Posted December 18, 2020 46 minutes ago, meregreen said: Project fear becoming project reality. Expect foreign investment to drop off a cliff. The next development, will be home grown companies moving some operations to the EU. It was all so predictable and so avoidable. I would expect something more like the drip-drip-drip of bad news over a number of years, rather than something sudden like 'falling off a cliff'. Link to comment Share on other sites More sharing options...
Genie Posted December 18, 2020 Share Posted December 18, 2020 8 hours ago, Xann said: Nikkei If we do a deal with the EU then they could be ok. If we end up no-deal then we could just match the EU tariff (or better) to ensure we keep the business in the UK couldn’t we? Link to comment Share on other sites More sharing options...
LondonLax Posted December 18, 2020 Share Posted December 18, 2020 9 hours ago, Xann said: Nikkei Nissan have been talking about scaling back their European production and using Japan factories for a while. I think their factory in Spain has recently shut and they are looking at what to do with the French one. I saw an article on this saying that if there was a no deal Brexit they would close the Europe faclities all together and just maintain the Sunderland one. Quote If a trade deal is struck between the UK and the EU that leads to tariffs on car exports, the Japanese carmaker would focus on selling more cars in Britain, the Financial Times reported, citing two people involved in the discussions. Under the proposal drawn up towards the end of last year, Nissan would maintain its factory in Sunderland and aim to boost its 4% UK market share to about 20%. At the same time, it would shut its struggling van factory in Barcelona and stop manufacturing in France. https://www.theguardian.com/business/2020/feb/03/nissan-eu-uk-hard-brexit Link to comment Share on other sites More sharing options...
bickster Posted December 18, 2020 Moderator Share Posted December 18, 2020 1 hour ago, Genie said: If we end up no-deal then we could just match the EU tariff (or better) to ensure we keep the business in the UK couldn’t we? It isn't our tarrif that is the problem, it would be the EU's Cars made here, would be subject to EU tarrifs if they were sold to Europe. The Tarrif would be out of our control 1 Link to comment Share on other sites More sharing options...
Xann Posted December 18, 2020 Share Posted December 18, 2020 (edited) It's out there now and the Nissan plant is quite high profile. The ball's in the govt's court. With Brexit sucking hard already, and plenty more turds lined up to suck on, will the govt try and offset any export tariffs to Europe with some other sort of sweetheart deals? Edited December 18, 2020 by Xann Link to comment Share on other sites More sharing options...
Genie Posted December 18, 2020 Share Posted December 18, 2020 Report I read earlier suggested the big sticking point was fishing, but the other day it was reported fishing roadblocks were all but agreed and issues were elsewhere. Link to comment Share on other sites More sharing options...
Amsterdam_Neil_D Posted December 18, 2020 Share Posted December 18, 2020 1 hour ago, bickster said: The Tarrif would be out of our control Maybe stupid question, could currency values play a part in this depending on which cliff the UK falls off ? Maybe offset tariffs in a way and I doubt this has ever been "baked" into forecasts because they think it will be all great? The markets are also things they cannot control (If they could they would but they cant) which is why they might help them inadvertently. Link to comment Share on other sites More sharing options...
Enda Posted December 18, 2020 Share Posted December 18, 2020 3 hours ago, Amsterdam_Neil_D said: Maybe stupid question, could currency values play a part in this depending on which cliff the UK falls off ? Yes. From Nissan’s perspective a 10 percent reduction in the value of the pound will offset a 10 percent tariff. The trouble with that strategy is from the eyes of the UK consumer. Imports (toys from China, wine from France, software from the US, holidays to Turkey, Milot Rashica transfer fees) become more 10 percent more expensive. 1 1 Link to comment Share on other sites More sharing options...
Enda Posted December 18, 2020 Share Posted December 18, 2020 5 hours ago, LondonLax said: Nissan have been talking about scaling back their European production and using Japan factories for a while. I think their factory in Spain has recently shut and they are looking at what to do with the French one. People (not necessarily you, LondonLax) often use the “well they’re closing factories elsewhere” line to make the argument that policies have no effect. This has it backwards imho. Companies that are struggling are exactly the companies you need to worry about. They’re the ones that Brexit will tip over. Link to comment Share on other sites More sharing options...
Chindie Posted December 18, 2020 VT Supporter Share Posted December 18, 2020 It's not just the obvious factories either. The West Midlands is full of small manufacturers producing components and bits for the manufacturing supply chain - there's a company in West Brom that makes parts for the seats in Beemers, iirc, I used to insure a subsidiary of a large motor company that was involved in their European parts and supplies systems that was based in the UK, etc etc. Those are the knock on risks from making it harder to do business here, the big boys start looking elsewhere and take all the chain behind them with them. Link to comment Share on other sites More sharing options...
NurembergVillan Posted December 18, 2020 Moderator Share Posted December 18, 2020 This word removed is worryingly quiet at the moment. 4 Link to comment Share on other sites More sharing options...
cyrusr Posted December 18, 2020 VT Supporter Share Posted December 18, 2020 10 minutes ago, NurembergVillan said: This word removed is worryingly quiet at the moment. Doesn't need to say 1 more word, his work is done. Well, until he needs to make some more money anyway. Link to comment Share on other sites More sharing options...
Chindie Posted December 18, 2020 VT Supporter Share Posted December 18, 2020 13 minutes ago, NurembergVillan said: This word removed is worryingly quiet at the moment. He started an anti lockdown grift iirc. 1 Link to comment Share on other sites More sharing options...
markavfc40 Posted December 18, 2020 Share Posted December 18, 2020 Is this really what people envisaged taking back control would look like: 1 1 Link to comment Share on other sites More sharing options...
Popular Post blandy Posted December 18, 2020 Author Moderator Popular Post Share Posted December 18, 2020 8 minutes ago, markavfc40 said: Is this really what people envisaged taking back control would look like: I didn't. And I'd like to point out we're not at jan 1st Yet. Next year, once we've properly left it'll be far worse than that, and pretty permanent. 6 Link to comment Share on other sites More sharing options...
OutByEaster? Posted December 18, 2020 Moderator Share Posted December 18, 2020 An end to free movement. (The free movement of lorries anyway) 1 1 Link to comment Share on other sites More sharing options...
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