The Consequences of Brexit [part 5] Read 1st post before posting

[ez8004]

You don’t understand.

 

The German car makers aren’t going to sit there and allow a bad deal....

 

... wait a minute:huh:

 

Hmmm, your lack of understanding is telling.

 

BMW makes ALL its Minis in Oxfordshire. So once we leave the EU, which will be the bigger market, the UK or the rest of the EU?

 

It makes zero financial sense for manufacturing in this example to remain in the UK where you pay tariffs to import the parts and pay tariffs again on exporting the cars to the EU.

 

It is cheaper to move the line to an EU country and pay any tariff that maybe applicable on importing the cars to the UK.

 

Also, since when were Renault-Nissan German?

[tinfoilhat]

Ever since the referendum result, Iv"e read nothing but doom and gloom, I now fear the worst.. I voted leave, what a mistake, I was conned.

 

You were, you weren't alone. It takes a man to admit though!

[Marsaud]

Hmmm, your lack of understanding is telling.

 

 

I know that sarcasm doesn’t travel very well on the Internet, but I thought I’d made it pretty obvious:)

[Top Cats Hat]

I know that sarcasm doesn’t travel very well on the Internet, but I thought I’d made it pretty obvious:)

 

I wouldn't worry about it.

 

It happens to me all the time!

[Lockdoctor]

More doom and gloom to report. New Car sales in the UK fell 20% in September compared to last year. It seems carmakers struggle to cope with change even if it is not a consequence of Brexit.

 

Since 1 September, all cars sold in the EU have had to undergo a new test known as the Worldwide Harmonised Light Vehicle Test Procedure. This has replaced all existing tests of emissions and fuel economy and has caused carmakers to struggle to cope.

https://www.bbc.co.uk/news/business-45743771

[Padders]

You were, you weren't alone. It takes a man to admit though!

 

I must admit I"m a bit naïve when it comes to politics, I fell for the £350million per week that the NHS would receive, plus the promise we would all be much better off out. Did"nt in a thousand years realize all the implications it has caused.

[Lockdoctor]

I must admit I"m a bit naïve when it comes to politics, I fell for the £350million per week that the NHS would receive, plus the promise we would all be much better off out. Did"nt in a thousand years realize all the implications it has caused.

Did you not see any of the News on television or read any of the newspapers before the referendum vote where the £350m figure was fully analysed?

[L00b]

You don’t understand.

 

The German car makers aren’t going to sit there and allow a bad deal....

 

... wait a minute:huh:

I did get the sarcasm

 

What Leavers failed to understand right from the start of the campaign pre-referendum, was that car manufacturing, financial services, pharma research and all these other high-value GDP churners in the U.K. would, on a Leave vote outcome, become highly desirable for the poaching by the EU27, all (bar Germany) long trailing the U.K. in the economic growth and fiscal revenue stakes at the time.

 

I put that lack of understanding to insular thinking and lack of geopolitical perspective.

 

May & her government’s antics for the last 2 years, have enabled and then facilitated that poaching. An earlier no-deal exit would have turned that poaching into an overnight firesale...which may yet happen come 2019.

 

No punishing whatsoever in any of that, and still less by the EU as an entity: it’s just geopolitical competition between nation states, with France & Germany best positioned (along with others in more specialised sectors/advantages, eg Luxembourg for asset mgt, Slovakia for car m’facturing) to hoover up bits of U.K. plc’s market offer to the EU and beyond.

 

To paraphrase Carville well-known ditty, “It’s (still) the economy, stupids!”

Edited October 4, 2018 by L00b

[Marsaud]

I did get the sarcasm

 

What Leavers failed to understand right from the start of the campaign pre-referendum, was that car manufacturing, financial services, pharma research and all these other high-value GDP churners in the U.K. would, on a Leave vote outcome, become highly desirable for the poaching by the EU27, all (bar Germany) long trailing the U.K. in the economic growth and fiscal revenue !”

 

The other thing they’ve signally failed to grasp is that it’s not just about buying and selling stuff, it is also about making stuff. So car parts flying freely around Europe oils the engine of economic growth. Putting tariffs on clutch plates and delays at our newly created trade border put the brakes on that growth. The solution for EU27 is blindingly obvious.

 

To steal a punchline from a very old joke, pretty soon it will stop raining Datsun cogs in the Uk.

[Top Cats Hat]

Did you not see any of the News on television or read any of the newspapers before the referendum vote where the £350m figure was fully analysed?

 

Not the BBC's finest moment.

 

It wasn't just the £350 million lie that the BBC News reported unchallenged, either.

 

The Today programme let Andrea Leadsom falsely claim that the UK sends £350 million a week to the UK on March 8 2016 and allowed Gisela Stuart to make the same false claim on April 15.

 

On May 11, the Today programme let Boris Johnson falsely claim that the UK sends the EU £20 billion a year without any challenge.

 

On March 8 Andrea Ledsom falsely claimed that 60% of our laws are made by the EU. That went unchallenged by the BBC.

 

David Davis falsely claimed on March 24 that the UK cannot prevent terrorists with EU passports from entering the UK and again, this wasn't challenged by the interviewer.

 

These are just a few examples of many blatant lies told by Vote Leave supporters to BBC interviewers and not challenged or even questioned.

 

The BBC's director of news defended the above by claiming that organisation had to deliver due impartiality and broad balance to both sides, which was ludicrously interpreted as having to report what either side in the debate said without question. As over 90% of false claims and misrepresentation came from Vote Leave, the BBC was terrified that by challenging mainly Vote Leave claims they would be accused of bias.

 

As I said, not the BBC's finest moment.

 

They let themselves down and worse, they let the people of the UK down!