unbeliever Posted October 27, 2016 Author Share Posted October 27, 2016 (edited) Of course it is positive news. To suggest otherwise is utter nonsense. Before the EU referendum some remainers feared and claimed that these foreign owned car factories would move production to mainland Europe, if the UK voted to leave the EU. More than likely a tariff free trade agreement will be reached between the UK and EU after BREXIT for motor vehicles. ¿ No. no. no. It's good news so it doesn't count. Have you not been following the post-referendum debate at all. I'd better fill you in. Brexit no longer means leaving the EU's internal or "single" market. And everybody who voted leave is stupid, ill-informed or racist. All the predictions for economic disaster have been moved to after the actual Brexit date, rather than after the referendum. Except the loss in the value of Sterling (which leave agreed would happen) which is allowed to stay as an after-the-vote prediction. And if you think anything to the contrary to the above you're deluded apparently. ¿ The IMF has now openly admitted its mistake https://www.theguardian.com/business/2016/oct/04/britain-fastest-growing-g7-economy-imf-international-monetary-fund-brexit-vote And although it still wants us to believe that the actual Brexit will bring doom upon us all... The UK is to be the fastest growing economy in the G7 this year. ¿ Oh the horror. How can we stop this terrible Brexit. ¿ Edited October 27, 2016 by unbeliever Link to comment Share on other sites More sharing options...
altus Posted October 27, 2016 Share Posted October 27, 2016 Of course it is positive news. To suggest otherwise is utter nonsense. Before the EU referendum some remainers feared and claimed that these foreign owned car factories would move production to mainland Europe, if the UK voted to leave the EU. More than likely a tariff free trade agreement will be reached between the UK and EU after BREXIT for motor vehicles. It's not a matter of they are going to stay and that's it. What are the government going to have to do in order to get them to stay? Tax breaks to make up for any tariffs? (So we get less money to spend on schools and hospitals.) The government paying the EU for tariff free access to the single market? (ditto) The government accept free movement of people? (Most brexiters upset.) If the government have to do things that cost money, especially if they have to do it for other companies as well, that puts public finances under further pressure. That £360m£180m per week saving from leaving the EU won't go very far. Link to comment Share on other sites More sharing options...
lizmachin Posted October 27, 2016 Share Posted October 27, 2016 It's not a matter of they are going to stay and that's it. What are the government going to have to do in order to get them to stay? Tax breaks to make up for any tariffs? (So we get less money to spend on schools and hospitals.) The government paying the EU for tariff free access to the single market? (ditto) The government accept free movement of people? (Most brexiters upset.) If the government have to do things that cost money, especially if they have to do it for other companies as well, that puts public finances under further pressure. That £360m£180m per week saving from leaving the EU won't go very far. Do you have any evidence that any incentives or tax breaks were offered? If there were it is very likely that they contravened EU or other trade agreements. On the other hand I can imagine most UK car manufacturers are quite happy with the current situation as the UK is a net importer of motor vehicles and would benefit greatly from anything that made it harder for European factories to sell into the UK. Link to comment Share on other sites More sharing options...
unbeliever Posted October 27, 2016 Author Share Posted October 27, 2016 0.5% growth in Q3, including 0.8% in services. Fastest growing economy in the G7 this year. Maybe time to recall some of that unnecessary QE. Link to comment Share on other sites More sharing options...
altus Posted October 27, 2016 Share Posted October 27, 2016 Do you have any evidence that any incentives or tax breaks were offered? If there were it is very likely that they contravened EU or other trade agreements.Didn't you not notice the question marks? I'm speculating about what the "support and assurances" government have promised Nissan and the rest of the motor industry are and the implications for other industries and for public finances. EU rules on state aid surely go out of the window if we are leaving? In any case, if the promise was to remain in the single market there wouldn't be any EU rules broken. Link to comment Share on other sites More sharing options...
NigelFargate Posted October 27, 2016 Share Posted October 27, 2016 The reality is that many remainers will never reconcile themselves to any positive news regarding the British economy in the post-referendum era. Their tune now has changed from 'look at the catastrophe Brexit has landed us in' to 'you wait and see'. Even after the dust has settled in years to come, many of them will still be muttering 'you wait and see' in response to any positive news. Link to comment Share on other sites More sharing options...
Santo Posted October 27, 2016 Share Posted October 27, 2016 The reality is that many remainers will never reconcile themselves to any positive news regarding the British economy in the post-referendum era. Their tune now has changed from 'look at the catastrophe Brexit has landed us in' to 'you wait and see'. Even after the dust has settled in years to come, many of them will still be muttering 'you wait and see' in response to any positive news. After 40 years of Brexiters blaming everything on the EU do you expect anything less Nige? Link to comment Share on other sites More sharing options...
Flanker7 Posted October 27, 2016 Share Posted October 27, 2016 (edited) Didn't you not notice the question marks? I'm speculating about what the "support and assurances" government have promised Nissan and the rest of the motor industry are and the implications for other industries and for public finances. EU rules on state aid surely go out of the window if we are leaving? In any case, if the promise was to remain in the single market there wouldn't be any EU rules broken*. *- my bold A general question on EU rules. I'm sure the bold above applies till after section 50 is applied for . . . . . . . . . . . or does it? Say we apply for Section 50 on 1st March. I understand we then have 2 years from then to negotiate terms. What happens on 2nd March? What rules are implemented ? The only answer is 'None' cos none have been negotiated. Do we continue with the current rules until the whole package is negotiated (maybe 2 years!!) and then adopt all the new terms on a chosen date. OR Adopted new rules piecemeal as terms on X, Y or Z are sorted? I'm sure the Brexiters have it all sorted cos we wouldn't just dive into such a root and branch transformation . . would we? Edited October 27, 2016 by Flanker7 Link to comment Share on other sites More sharing options...
ricgem2002 Posted October 27, 2016 Share Posted October 27, 2016 I don't worry about what is not known as at the moment its not worth worrying about until there is more information. yet you worry about brexit Link to comment Share on other sites More sharing options...
phil752 Posted October 27, 2016 Share Posted October 27, 2016 0.5% growth in Q3, including 0.8% in services. Fastest growing economy in the G7 this year. Maybe time to recall some of that unnecessary QE. and that's with higher loan repayments and a lower tax take Link to comment Share on other sites More sharing options...
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