Reply With QuoteThey'll be fine, they just need to be positive about the future and ignore the doom mongers.Originally Posted by TaketheCannoli
I well remember a former colleague from Sunderland assuring me that the best way to deal with risk is to take it.
This is seriously worrying for the people employed at Nissan and the thousands working in the supply chain across the country.
Of course the irony is that Sunderland voted 'Leave' although they did so because they thought the vote was to leave Sunderland.
http://www.bbc.co.uk/news/uk-england-tyne-37726493
They'll be fine, they just need to be positive about the future and ignore the doom mongers.
I well remember a former colleague from Sunderland assuring me that the best way to deal with risk is to take it.
Of all the countries Japan loves to buy English Nissan's. No worries David. A mate of mine works there as a robot programmer ( he also owns 8 Omega RAF '53's!!) and he's confident about their future.
https://www.thesun.co.uk/news/197511...h-theresa-may/
Last edited by Rod; 21st October 2016 at 20:10.
i thought David Cameron was the first victim of Brexit!?
You got me - correct!
Carlos Ghosn has, again, confirmed investment will continue as earlier in Sunderland.
Honda now declared Swindon will become their 'Gobal Hub' for production of the new Civic, both, irrespective of Brexit, and also stating now will have easier access to the US of A & Canada !
It appears 'Project Fear' is still alive and well
Rewind to March this year:
http://www.autoexpress.co.uk/nissan/...nderland-plant
The rest of the world treats Britain as an LCR with very relaxed employment laws, why would they move?
Sunderland and my old home town of Liverpool share a lot of the same economic difficulties, yet I'm proud of the my Liverpool voting to remain.
Would you expect anything less from the BBC?It appears 'Project Fear' is still alive and well
https://www.thesun.co.uk/news/202633...-brexit-boost/
The Sun is more believable than the BBC these days.
Last edited by Maris; 22nd October 2016 at 15:33.
Why yes, yes I believe it really is........
https://www.thesun.co.uk/news/201897...ld-migrant-38/
Talking of EU funny stuff, I suppose you have all read about the seven years spent negotiating a Trade deal between EU and Canada that has fallen apart because a few Wallonians didn't fancy it?
Cheers,
Neil.
Doubt this will be on the BBC website
http://www.telegraph.co.uk/technolog...pands-uk-base/
That article lacks any numbers - to the nearest 10,000 how many jobs are we talking about?
No idea but if it was a negative post about job losses (without numbers) you can bet the BBC would have reported it.
We haven't pressed the button yet Tone, so its a bit early to get out the party poppers and bunting.It appears 'Project Fear' is still alive and well
I heard about this yesterday, you couldn't make it up!
https://www.ft.com/content/3c5ed53e-...c-bdf38d484582
I actually copied and pasted the link from the FT, to make it appear I am of high intelligence, hope it worked.
Epic fail, only works for those with a FT subscription.....I heard about this yesterday, you couldn't make it up!
https://www.ft.com/content/3c5ed53e-...c-bdf38d484582
I actually copied and pasted the link from the FT, to make it appear I am of high intelligence, hope it worked.
If you quote some keywords a Google search will probably find the article. It's trying to get back to it that brings up the Subscription page.
Is the correct answer, thank you Mr JDB!
If you google the words wallonia eu canada financial it's at the top of the page.
I can't find it on any other website so that would hardly be surprising.
Agreed it is madness. I voted to Remain (and am pretty sure we will end up remaining anyway regardless of what the Tories are saying) but it's a stark reminder of where the EU needs to reform. That being said if it took 7 years to get a failed trade agreement with Canada I would have thought that gives sod all chance for the UK to generate an agreement within 2 years seeing as it's the UK that has far more to lose in terms of per capita trade loss (Yes the UK imports more from the EU than vice versa but don't forget the EU trade balance needs to be factored across the whole EU in which case the loss of UK imports is far diluted whereas the UK losing its exports to the UK is far more catastrophic on a per capita basis)I heard about this yesterday, you couldn't make it up!
https://www.ft.com/content/3c5ed53e-...c-bdf38d484582
I actually copied and pasted the link from the FT, to make it appear I am of high intelligence, hope it worked.
Sent from my SM-G935F using Tapatalk
Personally I think the EU is beyond reform - who is going to do it?
I certainly think as a single entity Britain will be far more able to make trade deals far more nimbly than the behemoth that the EU has become.
Cheers,
Neil.
Looks like you lot were right:
http://www.bbc.co.uk/news/business-37787890
How do you like your eggs?
But this is the crucial part of the analysis:
"We don't know the details of the "support and assurance" that Nissan extracted from the UK government. But it was clearly enough to secure a commitment from Nissan to build not one, but two new cars at the Sunderland plant.
The promise to shield Nissan from the impact of Brexit will not be lost on rival manufacturers, both those already in the UK as well as those that might be tempted to come."
This isn't a investment vote in favour of post-Brexit Britain - if things turn ugly, Nissan-Renault has clearly negotiated some financial assistance to offset any unfavourable terms so investing in Sunderland would seem to simply be easier and less costly than establishing a new European plant in a mothballed Renault facility. In the event that investing in Europe would have been economically beneficial Ghosn is going to come with his hand out asking for the difference from each of us.
It looks like the Government have decided it's more cost effective and less vote threatening to promise future compensation than to face dealing with economic meltdown in the NorthEast if Nissan pull out.
This.
z
http://www.bbc.co.uk/news/business-37790770
When you look long into an abyss, the abyss looks long into you.........
Surely this is another excellent result of Brexit? As an independent country we're free to cut deals to attract and retain winners. EU competition law would never allow it.
https://uk.finance.yahoo.com/news/re...201208135.html
Somewhere, betwixt the two, the truth lies.
z
A lot could have (not) happened in the intervening 4 weeks..........
When you look long into an abyss, the abyss looks long into you.........
With the large devaluation in the £, if Nissan got assurances that they would be no worse off on taxes/tariffs/duties etc after Brexit, it was probably a pretty attractive proposition. I dont see that as an endorsement of Brexit but rather a sound business decision.
Guess the bankers may try to use this precedent to gain some government gaurantees around financial passporting or costs associated with its loss; where does it end
Ireland has benefitted massively by encouraging blue chip customers to base their European operations in their country. Tax breaks, assurances and guarantees, why not? We are fighting for ourselves and our future prosperity, Europe want to see us fail, we should use all the tools on our armoury to ensure we don't.
The main issue is when BMW come cap in hand for MINI investment or TATA to protect Land Rover jobs or...well the list goes on and on. "We'll move production to country X unless we get the Nissan deal". So as an independent country we can cut unique deals but everyone is going to want the same deal as a minimum. And no secret Government deal is ever secret. Ever.
You can cut a lot of deals and still have change out of £8bn a year.
But surely all that money's spoken for? It's going to the NHS. That's what the Battlebus messages said....😐
Really?
It would be political suicide for the Tories if Brexit did not happen.
The real issue was holding a referendum in the first place, a lacklustre campaign by the Remain camp combined with blatant lies from the Leave camp which hoodwinked the gullible majority.
I hope I am wrong but believe that the current crop of twenty somethings will pay for this for years to come.
The remain campaign shot themselves in both feet with the antics of the Geldofs, Izzards and all the luvvie, living in a sleb bubble, lefties. They were a disaster as was Cameron's and Osborne"s performances. I think Generation Snowflake will, one day, realise their future was saved by the vote to leave as long as they ignore the press and the whingeing BBC and start thinking for themselves.
The future's bright.
I knew Leave had won when we saw multimillionaire leftie Geldof sailing his pleasurecraft down the Thames to jeer at working fishermen. It was Remain's Sheffield rally moment.
Agreed.
That was really sickening.
Cheers,
Neil.
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