Brexit Two Months On

[MegaSteve]

The three Poles that work at same place as I do firmly believe/feel they are going nowhere... Same for the eight Romanians that work in the adjacent unit... And, all of them can't fathom out why we would be considering letting in anyone from the 'the jungle'... Might be different for those that work in the corporate world...

 

[Lord Tyrion]

Be interested in the Remoaners & Scaremongers view on this piece of news;

http://www.bbc.co.uk/news/business-37787890

Before anyone gets too carried away with this decision, great news by the way, I'd like to see how much money the govt has handed over to Nissan in "training grants" in order that this decision went the way it did. I don't expect any great transparency on that front, the govt don't like to fess up to this type of thing.

 

[SocketRocket]

Careful 65, you just might send him over the edge.

That's rich coming from Jimmies sidekick. Doom Frae Loon.

 

[delc]

Apparently Michael Gove has been appointed to the select committee overseeing Brexit. God help us!

 

[Blue in Munich]

Before anyone gets too carried away with this decision, great news by the way, I'd like to see how much money the govt has handed over to Nissan in "training grants" in order that this decision went the way it did. I don't expect any great transparency on that front, the govt don't like to fess up to this type of thing.

Curiously enough, a man from Nissan answers that in the article, it's in the sound clip; none. But IF they had done, is it any different to any other Government anywhere in the world incentivising a firm to come to their country rather than build a plant in another country?

 

[Lord Tyrion]

Nissan have been given "support and assurances". They wont confirm what that support means but I doubt it is an arm around the shoulder. They've been getting money for years from the govt. Incentives to build a plant are common. Getting an annual wedge for staying is another. Can we all apply for one? How big do you have to be to receive such "support"?

 

[Blue in Munich]

Nissan have been given "support and assurances". They wont confirm what that support means but I doubt it is an arm around the shoulder. They've been getting money for years from the govt. Incentives to build a plant are common. Getting an annual wedge for staying is another. Can we all apply for one? How big do you have to be to receive such "support"?

Correct me if I'm wrong, but I believe the North East is an area of high unemployment. 7,000 secured jobs probably paying (granted at a guesstimate) an average of £3,000 per annum income tax equates to £21 million. That's without the NI contributions, the VAT contributions generated because the 7,000 have money in their pockets to spend, the expectations that it will generate further jobs and the consequent contributions from these generated jobs. That's without the feel good factor that those employed get from working.

Or 7,000 people out of work and claiming unemployment benefits and generally feeling undervalued, useless and resentful?

Nissan say they haven't received anything from what I've heard. I fully understand, and share, your scepticism regarding Government honesty. But if they have given Nissan some financial assistance could it not be worth it, not only from the financial positives on the balance sheet, but because it also sends a positive message to other businesses that there is a future outside of the EU? And does it also not send a message to the rest of the EU that we are capable of standing on our own outside of the union and potentially strengthen our negotiating position come bargaining time?

 

[Lord Tyrion]

I get all of what you say, also why the govt chucks money at Nissan. I just would quite like them to chuck some of that money at my business. It would lighten my worries if I got a similar slice of free pie :thup:

 

[Doon frae Troon]

I get all of what you say, also why the govt chucks money at Nissan. I just would quite like them to chuck some of that money at my business. It would lighten my worries if I got a similar slice of free pie :thup:

Yup.
My daughter/SIL have had to postpone plans to expand their business due to the fall in Sterling since Brexit.
Probably a years hard work down the Swannee.

 

[SwingsitlikeHogan]

Nissan Qashqai - great news for Sunderland

 

[SwingsitlikeHogan]

Be interested in the Remoaners & Scaremongers view on this piece of news;

http://www.bbc.co.uk/news/business-37787890

Great new for Sunderland. If UK hadn't managed to hold on to the production of the Qashqai that would have been a total disaster for the region - maybe Nissan bosses thought t it best not to do that. But it strikes me as one of these things like an ultra-safe parliamentary seat - if Sunderland couldn't hold Nissan then every piece of foreign investment in the UK would be at risk. But great news nonetheless. We won;t really know the real impact of Brexit for another 10 years - and by that time Nissan will be looking at replacing the Qashqai.

 

[IanM]

Yup.
My daughter/SIL have had to postpone plans to expand their business due to the fall in Sterling caused by all the scare-mongering since referendum vote.
Probably a years hard work down the Swannee.

...there you go, corrected for you!

Bought some Singapore Dollars today for my trip next month. Looking at the graph it fell more from Nov 15 to April 16 than it had between the vote and now. Pre vote you could get any price you liked on a STAY vote, so I wonder what was bringing down the currency this time last year?

So, I dug out old Bulletins - Sterling was listed as over valued due to the level of debt in the UK and it worsening position European Central Bank. And today, we get confirmation of what weve known for about 18 months.. Deutsche Bank is knackered. I bet as BREXIT hasn't happened yet, we'll end up contributing to the bail out! Ho Hum

 

[IanM]

...And of course certain amount of tongue in cheek meant below... Nothing is worse for currency than uncertainty, and boy, a Leave Vote is the biggest shakeup we've ever had (other than War) and it's tough out there.

So no offence intended... Not many folk have changed their minds in this thread and not expecting either.

But, the stats are sometimes funny things!

 

[Foxholer]

Great new for Sunderland. If UK hadn't managed to hold on to the production of the Qashqai that would have been a total disaster for the region - maybe Nissan bosses thought t it best not to do that. But it strikes me as one of these things like an ultra-safe parliamentary seat - if Sunderland couldn't hold Nissan then every piece of foreign investment in the UK would be at risk. But great news nonetheless. We won;t really know the real impact of Brexit for another 10 years - and by that time Nissan will be looking at replacing the Qashqai.

This was one of the reasons I was shocked at the amazing vote for Brexit in Sunderland! I still don't fully understand it, but possibly a great number of the Nissan staff are actually immigrants!

Excellent news anyway!

 

[SwingsitlikeHogan]

This was one of the reasons I was shocked at the amazing vote for Brexit in Sunderland! I still don't fully understand it, but possibly a great number of the Nissan staff are actually immigrants!

Excellent news anyway!

Mind you - I have since heard plenty of Leavers moan that the Remoaners continue to 'do down' this news - when in fact I haven't heard anyone 'do it down'. Asking what arrangements, agreements or commitments have been given to Nissan is not doing anything down.

Seems to me that a lot of Leavers have not yet accepted that us Remainers have largely come to terms with the fact that we are leaving.

I just want leaving to be as painless and beneficial to the UK as possible - and so will ask questions and probe, and that will mean listening critically and at times cynically given what was done to get us here, And we will not stick our head in the sand whilst Brexit is being sorted, and saying 'It'll be alright...' (you'd get a mouthful of sand if you did - and that wouldn't be very nice).

The Nissan announcement is fantastic news - but is the business/commercial/export model underpinning the decision - with whatever was agreed with the government - more widely applicable? If it is - great. We're following the rainbow to it's end.

 

[vkurup]

Its good news on Nissan. It was interesting to see the Tory fella squirm in his seat saying 'no-cheque book' on QT. Irrespective of the fact that cheque book or not, I am happy to see the Govt do something positive rather than dragging everyone down with 'no running commentary'. A few more Nissan deals and it will do wonders to confidence and there are plenty of opportunities for the govt to do - Westland, Banks, Siemens, Steel etc. Get some more marquee clients in and not just in London and we will all be smiling. Beyond the big boys, the govt should look at SME business which form the backbone of this country. Why dont we look at cutting corp tax for SME or VAT passthrus. They need something to counter balance the fall in the pound, give them the right stimulus. The GBP is likely to fall further as we get closer to the self inflicted March deadline, so lets see something in the Autumn statement that can help...

Come on Britain..

 

[SocketRocket]

Its good news on Nissan. It was interesting to see the Tory fella squirm in his seat saying 'no-cheque book' on QT. Irrespective of the fact that cheque book or not, I am happy to see the Govt do something positive rather than dragging everyone down with 'no running commentary'. A few more Nissan deals and it will do wonders to confidence and there are plenty of opportunities for the govt to do - Westland, Banks, Siemens, Steel etc. Get some more marquee clients in and not just in London and we will all be smiling. Beyond the big boys, the govt should look at SME business which form the backbone of this country. Why dont we look at cutting corp tax for SME or VAT passthrus. They need something to counter balance the fall in the pound, give them the right stimulus. The GBP is likely to fall further as we get closer to the self inflicted March deadline, so lets see something in the Autumn statement that can help...

Come on Britain..

Much of what you say is good although we wont be able to implement a lot until we have broken free of the EU as regulations prohibit us.

 

[SocketRocket]

Mind you - I have since heard plenty of Leavers moan that the Remoaners continue to 'do down' this news - when in fact I haven't heard anyone 'do it down'. Asking what arrangements, agreements or commitments have been given to Nissan is not doing anything down.

Seems to me that a lot of Leavers have not yet accepted that us Remainers have largely come to terms with the fact that we are leaving.

I just want leaving to be as painless and beneficial to the UK as possible - and so will ask questions and probe, and that will mean listening critically and at times cynically given what was done to get us here, And we will not stick our head in the sand whilst Brexit is being sorted, and saying 'It'll be alright...' (you'd get a mouthful of sand if you did - and that wouldn't be very nice).

The Nissan announcement is fantastic news - but is the business/commercial/export model underpinning the decision - with whatever was agreed with the government - more widely applicable? If it is - great. We're following the rainbow to it's end.

Fair enough although I suspect you want a Non-Brexit Brexit, one where we are in the single market, have free movement of people, pay into the EU coffers and accept the ECJ over British Law. To me that's not Brexit at all.

 

[vkurup]

Much of what you say is good although we wont be able to implement a lot until we have broken free of the EU as regulations prohibit us.

If you can do with Nissan, then they can do with others. I find it funny when people say we have high Business rates or council rents force half of town centres to be boarded up due to Brussels. It is a bit like every bizarre decision is due to Health & Safety consideration. Did they not recently fire all the bell ringers in York who have been ringing bells for a decade due to Elf & Safty reasons or was Brussels involved? Even my Christmas dinner will have Brussels Sprouts, will that change after Brexist

 

[Foxholer]

Fair enough although I suspect you want a Non-Brexit Brexit, one where we are in the single market, have free movement of people, pay into the EU coffers and accept the ECJ over British Law. To me that's not Brexit at all.

And you'd be correct!

It's access to the single market that is desired (I believe the 'soft' Brexit), at least be me! If that involves/requires some sort of fee to allow it to happen, then that may be acceptable - though if it's a sizeable one, then that's a tariff by another name! It certainly shouldn't involve a fee that varies with GDP, nor require free movement of people! Likewise, the ECJ would become irrelevant to the UK as it only makes rulings on EU law/matters.

Whether that can be negotiated or not is only going to be found out after Article 50 has been triggered.