The Positive Brexit Thread

[Herman 9,758]

Oh Rocky. The Borisgraph?! Shirley, you can't be serious. 

[Van wink 2,994]

49 minutes ago, Rock The Boat said:

Oh dear!

London rivals abandon hope of post-Brexit City exodus

London's financial crown intact despite Europe's attempts to lure workers overseas in aftermath of vote

ByTom Rees and Russell Lynch, ECONOMICS EDITOR29 November 2021 • 6:00am

Europe's financial centres have given up hope of triggering an exodus of companies and jobs away from London in the wake of Brexit.

The head of Luxembourg's government finance agency said relocations from the City are “basically over” with London’s crown as Europe’s financial services capital intact.

Nicolas Mackel, chief executive of Luxembourg for Finance, said: “It's obvious London is and will remain Europe's most important financial services industry."

Oh dear!!

Nissan plans to use its Sunderland factory as a blueprint for an $18bn (£13bn) push aimed at dominating the global electric car market.The Japanese company plans 15 new electric models by 2030 with EVs accounting for half its global output by then.Ashwani Gupta, Nissan chief operating officer, said Sunderland would be at the forefront of its plans.“Europe will take the lead on electrification around the world for Nissan. In Europe, Sunderland is the one which will take the lead towards electrification,” he said.Nissan expects three-quarters of its European sales to be electric by 2026, followed by Japan at 55pc.

Oh dear!!!

Ireland's elites face a reckoning as Brussels demands higher taxes

Over 700 US multinationals, including Apple, Microsoft, Google and Facebook have subsequently established regional headquarters for Europe and beyond in Ireland. But on the Continent, without the UK to kick around any more, resentment is now focusing on Dublin. “The Frenchman in the street calls Ireland a ‘paradis fiscale’,” one business journalist tells me. “Which, if true, is also true of France and the UK. It’s just it's done in different ways.”

In 2016, the European Commission imposed a €13bn (£11bn) fine – which in classic Brussels doublespeak it insists is not a fine – on the Irish tax authorities for two deals allowing Apple to minimise its payments.

Both Ireland and Apple continue to contest the decision. The tide of “inversions” - by which large multinationals formally switched their headquarters to Dublin - seems to have abated and most UK switchers have reverted back. But Ireland has reluctantly had to yield ground to the “tax justice movement”, the NGO blob making demands that elected politicians seem unable to resist.

Oh dear!!!!

'German inflation hits post-reunification high

Shocking' leap in consumer prices piles pressure on ECB to delay stimulus tapering

Prices in Germany are surging at their fastest pace since reunification, threatening to reignite tensions at the European Central Bank (ECB).

German inflation jumped to 5.2pc in November, up from 4.5pc the previous month, as energy bills rocket and firms pass on higher costs from supply chain chaos.

Meanwhile, the omicron variant has cast doubt over the ECB's plans to rein in its stimulus programme, despite rising prices.

The “shocking” annual rise in Germany marks the strongest inflationary pressure since 1992 when the economy was adjusting to reunification. Inflation in Spain has also picked up to its highest rate in three decades with prices climbing 5.6pc year-on-year.
 

 

https://www.politico.eu/article/supply-chain-chaos-threatens-germany-christmas/

[1902 1,167]

58 minutes ago, Rock The Boat said:

Oh dear!

London rivals abandon hope of post-Brexit City exodus

London's financial crown intact despite Europe's attempts to lure workers overseas in aftermath of vote

ByTom Rees and Russell Lynch, ECONOMICS EDITOR29 November 2021 • 6:00am

Europe's financial centres have given up hope of triggering an exodus of companies and jobs away from London in the wake of Brexit.

The head of Luxembourg's government finance agency said relocations from the City are “basically over” with London’s crown as Europe’s financial services capital intact.

Nicolas Mackel, chief executive of Luxembourg for Finance, said: “It's obvious London is and will remain Europe's most important financial services industry."

Oh dear!!

Nissan plans to use its Sunderland factory as a blueprint for an $18bn (£13bn) push aimed at dominating the global electric car market.The Japanese company plans 15 new electric models by 2030 with EVs accounting for half its global output by then.Ashwani Gupta, Nissan chief operating officer, said Sunderland would be at the forefront of its plans.“Europe will take the lead on electrification around the world for Nissan. In Europe, Sunderland is the one which will take the lead towards electrification,” he said.Nissan expects three-quarters of its European sales to be electric by 2026, followed by Japan at 55pc.

Oh dear!!!

Ireland's elites face a reckoning as Brussels demands higher taxes

Over 700 US multinationals, including Apple, Microsoft, Google and Facebook have subsequently established regional headquarters for Europe and beyond in Ireland. But on the Continent, without the UK to kick around any more, resentment is now focusing on Dublin. “The Frenchman in the street calls Ireland a ‘paradis fiscale’,” one business journalist tells me. “Which, if true, is also true of France and the UK. It’s just it's done in different ways.”

In 2016, the European Commission imposed a €13bn (£11bn) fine – which in classic Brussels doublespeak it insists is not a fine – on the Irish tax authorities for two deals allowing Apple to minimise its payments.

Both Ireland and Apple continue to contest the decision. The tide of “inversions” - by which large multinationals formally switched their headquarters to Dublin - seems to have abated and most UK switchers have reverted back. But Ireland has reluctantly had to yield ground to the “tax justice movement”, the NGO blob making demands that elected politicians seem unable to resist.

Oh dear!!!!

'German inflation hits post-reunification high

Shocking' leap in consumer prices piles pressure on ECB to delay stimulus tapering

Prices in Germany are surging at their fastest pace since reunification, threatening to reignite tensions at the European Central Bank (ECB).

German inflation jumped to 5.2pc in November, up from 4.5pc the previous month, as energy bills rocket and firms pass on higher costs from supply chain chaos.

Meanwhile, the omicron variant has cast doubt over the ECB's plans to rein in its stimulus programme, despite rising prices.

The “shocking” annual rise in Germany marks the strongest inflationary pressure since 1992 when the economy was adjusting to reunification. Inflation in Spain has also picked up to its highest rate in three decades with prices climbing 5.6pc year-on-year.
 

 

"But on the Continent, without the UK to kick around any more, resentment is now focusing on Dublin" 

It's the choice of balanced neutral sources that make this a convincing post.

[SwindonCanary 455]

I  notice the only one you've not had ago is the EU trying to take London's crown   🙂

[Van wink 2,994]

1 hour ago, 1902 said:

"But on the Continent, without the UK to kick around any more, resentment is now focusing on Dublin" 

It's the choice of balanced neutral sources that make this a convincing post.

https://www.theguardian.com/business/2021/nov/29/nissan-invest-electric-cars-sunderland-plant

[Herman 9,758]

What's going on here then??

 

[keelansgrandad 6,679]

7 minutes ago, Herman said:

What's going on here then??

 

Smuggling?

[keelansgrandad 6,679]

2 hours ago, Rock The Boat said:

Oh dear!

London rivals abandon hope of post-Brexit City exodus

London's financial crown intact despite Europe's attempts to lure workers overseas in aftermath of vote

ByTom Rees and Russell Lynch, ECONOMICS EDITOR29 November 2021 • 6:00am

Europe's financial centres have given up hope of triggering an exodus of companies and jobs away from London in the wake of Brexit.

The head of Luxembourg's government finance agency said relocations from the City are “basically over” with London’s crown as Europe’s financial services capital intact.

Nicolas Mackel, chief executive of Luxembourg for Finance, said: “It's obvious London is and will remain Europe's most important financial services industry."

Oh dear!!

Nissan plans to use its Sunderland factory as a blueprint for an $18bn (£13bn) push aimed at dominating the global electric car market.The Japanese company plans 15 new electric models by 2030 with EVs accounting for half its global output by then.Ashwani Gupta, Nissan chief operating officer, said Sunderland would be at the forefront of its plans.“Europe will take the lead on electrification around the world for Nissan. In Europe, Sunderland is the one which will take the lead towards electrification,” he said.Nissan expects three-quarters of its European sales to be electric by 2026, followed by Japan at 55pc.

Oh dear!!!

Ireland's elites face a reckoning as Brussels demands higher taxes

Over 700 US multinationals, including Apple, Microsoft, Google and Facebook have subsequently established regional headquarters for Europe and beyond in Ireland. But on the Continent, without the UK to kick around any more, resentment is now focusing on Dublin. “The Frenchman in the street calls Ireland a ‘paradis fiscale’,” one business journalist tells me. “Which, if true, is also true of France and the UK. It’s just it's done in different ways.”

In 2016, the European Commission imposed a €13bn (£11bn) fine – which in classic Brussels doublespeak it insists is not a fine – on the Irish tax authorities for two deals allowing Apple to minimise its payments.

Both Ireland and Apple continue to contest the decision. The tide of “inversions” - by which large multinationals formally switched their headquarters to Dublin - seems to have abated and most UK switchers have reverted back. But Ireland has reluctantly had to yield ground to the “tax justice movement”, the NGO blob making demands that elected politicians seem unable to resist.

Oh dear!!!!

'German inflation hits post-reunification high

Shocking' leap in consumer prices piles pressure on ECB to delay stimulus tapering

Prices in Germany are surging at their fastest pace since reunification, threatening to reignite tensions at the European Central Bank (ECB).

German inflation jumped to 5.2pc in November, up from 4.5pc the previous month, as energy bills rocket and firms pass on higher costs from supply chain chaos.

Meanwhile, the omicron variant has cast doubt over the ECB's plans to rein in its stimulus programme, despite rising prices.

The “shocking” annual rise in Germany marks the strongest inflationary pressure since 1992 when the economy was adjusting to reunification. Inflation in Spain has also picked up to its highest rate in three decades with prices climbing 5.6pc year-on-year.
 

 

Well I'm glad we are doing so well on our own. 😂

It doesn't matter how well or bad any other nation does. We are not better off than we were promised.

[1902 1,167]

27 minutes ago, Van wink said:

https://www.theguardian.com/business/2021/nov/29/nissan-invest-electric-cars-sunderland-plant

So let's debate that. Why throw in something that's clearly biased. 

What is Nissan's strategy, is it aided by Brexit, is there no impact or is it just the spent so much in Sunderland already that they need to plough on? Des this mean that Nissan expects to invest enough to sustain its wider EU sales from Sunderland or will it have factories across the EU?

But use a source like that used by 'rock the boat' and you deserve to have your post mocked by people wanting a decent discussion.

[Van wink 2,994]

6 minutes ago, 1902 said:

So let's debate that. Why throw in something that's clearly biased. 

What is Nissan's strategy, is it aided by Brexit, is there no impact or is it just the spent so much in Sunderland already that they need to plough on? Des this mean that Nissan expects to invest enough to sustain its wider EU sales from Sunderland or will it have factories across the EU?

But use a source like that used by 'rock the boat' and you deserve to have your post mocked by people wanting a decent discussion.

Apologies, I thought you asked for balance, I threw a bit of Guardian in there for you.

 

Edited November 29, 2021 by Van wink

[1902 1,167]

6 minutes ago, Van wink said:

Apologies, I thought you asked for balance, I threw a bit of Guardian in there for you.

 

The correct level you were looking for would be the Mirror. Anti-Brexit and with about as much nuance as a brick through a window.

The Guardian does analysis, with a slant, so does the Telegraph, with the opposite slant. 

[Rock The Boat 1,330]

2 hours ago, Herman said:

Oh Rocky. The Borisgraph?! Shirley, you can't be serious. 

You've go to have a chuckle in these odd times, Hermie

[horsefly 4,298]

7 hours ago, 1902 said:

So let's debate that. Why throw in something that's clearly biased. 

What is Nissan's strategy, is it aided by Brexit, is there no impact or is it just the spent so much in Sunderland already that they need to plough on? Des this mean that Nissan expects to invest enough to sustain its wider EU sales from Sunderland or will it have factories across the EU?

But use a source like that used by 'rock the boat' and you deserve to have your post mocked by people wanting a decent discussion.

I wonder how many more tax-payer's millions were chucked at Nissan by the government to make this commitment (we already know it was round £150m so far)?

Edited November 30, 2021 by horsefly

[SwindonCanary 455]

If life's so bad, how come all those in France want to join us ? 

[RobJames 880]

10 minutes ago, horsefly said:

You truly are as thick as shi*te!

The steady decline continues. 'Volumes of goods shipped directly from Ireland to the EU on new Brexit-busting ferry routes have rocketed by 50% in the past six month.' 'On Saturday, Rosslare Europort said, it had its busiest day in its history......... but also a reduction in trade with Great Britain because of Brexit red tape and cost. “In particular industries, we’re definitely seeing where traditionally a lot of goods were sourced in the UK or exported to the UK, there’s been a switch to Europe,” he told journal.ie. “We definitely see it in the port in terms of the mix of goods that are there now – ingredients, food, dairy, pharmaceuticals.”

https://www.theguardian.com/world/2021/nov/30/goods-shipped-directly-from-ireland-to-eu-up-by-50-in-six-months

What is being seen. Is what was predicted. Not only businesses folding. But raw materials now being sourced in Europe. Asda are importing Turkeys. And numerous other companies are similarly shipping production to the EU to avoid the stifling effects of Brexit costs and regulation.

[SwindonCanary 455]

let's talk about the car industry

 

Ford in their #Halewood site to make new e-drive units - their first European plant to produce these parts

In addition to this £230m investment by Ford, Vauxhall recently announced plans to invest £100m in its Ellesmere Port factory, Lotus has invested £100m in its UK sites and, in partnership with Envision, Nissan is investing £1 billion.

LR have opened their new £600m base.

It is a MASSIVE show of confidence in the UK

& is home to 13,000 engineers. It is now their global HQ for all Jaguar and Land Rover engineering across the world

Luxembourg-headquartered International Automotive Components (IAC), a long-established supplier to Jaguar Land Rover, announced plans to create 400 jobs at a new factory in Solihull

Jaguar Land Rover to launch five new cars in two years supported by 'massive industrial investment' programme

A major expansion of the i54 South Staffordshire business park, home of Jaguar Land Rover's £1bn Engine Manufacturing Centre, is expected to create 1,700 jobs

Jaguar Land Rover has started manufacturing press tools, previously imported from Asia, in-house for the first time

Bentley Motors set to recruit a record 113 apprentices and graduates - the largest intake in the British marque's 102-year history. The trainees will join the luxury carmaker's 4,000-strong workforce at its Crewe plant in Cheshire

Mini are still investing 

[RobJames 880]

A cut and paste job from some rightwing nutjob site. Now why not tell is about fishing, farming, hauliers, construction and the dozens of other UK industries being shipped abroad?

[SwindonCanary 455]

I worked in the car industry so know about them, I don't follow the rest, but if they are as successful a the car industry then let it ride. I could have gone on and on about Mini but I've already mentioned it.   

Edited November 30, 2021 by SwindonCanary

[A Load of Squit 5,162]

What an absolute sh1t show Farage and his like have turned this country into.

 

[Herman 9,758]

Sad to find out it's fishermen leading this. What if they ever get in trouble?? Too many nasty people in this country. 

[horsefly 4,298]

1 hour ago, SwindonCanary said:

I worked in the car industry so know about them, I don't follow the rest, but if they are as successful a the car industry then let it ride. I could have gone on and on about Mini but I've already mentioned it.   

Remind us what happened to the factory you worked in.

[littleyellowbirdie 2,547]

On 28/11/2021 at 14:47, horsefly said:

So is the Office for Budget  Responsibility "just plain stupid" when they predict that Brexit will cost the country 4% of GDP (circa £80bn a year) for the foreseeable future? Perhaps that's another report you need to read. 

The OBR is making projections with a lot of unknowns. The Lords report on CPTPP you yourself referred to looked at the economic value of CPTPP as it stands compared to the value with the Phillipines and South Korea joining (that's fairly likely, hence its inclusion in the document). So, no, not 'plain stupid', but like most economic projections there are many uncertainties that mean they need to be taken with a very large pinch of salt. 

On 28/11/2021 at 14:33, keelansgrandad said:

How long do we give it then?

There isn't really a choice on how long you give it until rejoining the EU is a genuinely credible option, so likely you need to give it until the end of human civilisation, however long that is. 

Edited November 30, 2021 by littleyellowbirdie

[horsefly 4,298]

5 minutes ago, littleyellowbirdie said:

The OBR is making projections with a lot of unknowns. The Lords report on CPTPP you yourself referred to looked at the economic value of CPTPP as it stands compared to the value with the Phillipines and South Korea joining (that's fairly likely, hence its inclusion in the document). So, no, not 'plain stupid', but like most economic projections there are many uncertainties that mean they need to be taken with a very large pinch of salt. 

There isn't really a choice on how long you give it until rejoining the EU is a genuinely credible option, so likely you need to give it until the end of human civilisation, however long that is. 

No! The OBR make its predictions based upon masses of evidence, whereas you have proudly boasted that you don't bother to read reports and just wait to see what happens. Think I'll listen to the experts and not someone who takes pride in his ignorance.

[littleyellowbirdie 2,547]

16 hours ago, 1902 said:

So let's debate that. Why throw in something that's clearly biased. 

What is Nissan's strategy, is it aided by Brexit, is there no impact or is it just the spent so much in Sunderland already that they need to plough on? Des this mean that Nissan expects to invest enough to sustain its wider EU sales from Sunderland or will it have factories across the EU?

But use a source like that used by 'rock the boat' and you deserve to have your post mocked by people wanting a decent discussion.

I think this was a factor in the speed with which Japan had a trade deal with the UK post-Brexit, since this meant bilateral cumulation between the two for rules of origin would come into play for exporting cars to the EU tariff-free under the UK/EU trade agreement, so Brexit hasn't hurt it due to active measures by the UK and Japan to protect it; a bit of extra paperwork is not a big deal for a company like Nissan.

Edited November 30, 2021 by littleyellowbirdie

[keelansgrandad 6,679]

42 minutes ago, littleyellowbirdie said:

The OBR is making projections with a lot of unknowns. The Lords report on CPTPP you yourself referred to looked at the economic value of CPTPP as it stands compared to the value with the Phillipines and South Korea joining (that's fairly likely, hence its inclusion in the document). So, no, not 'plain stupid', but like most economic projections there are many uncertainties that mean they need to be taken with a very large pinch of salt. 

There isn't really a choice on how long you give it until rejoining the EU is a genuinely credible option, so likely you need to give it until the end of human civilisation, however long that is. 

Pretty close apparently

[littleyellowbirdie 2,547]

5 minutes ago, keelansgrandad said:

Pretty close apparently

Close to what, sorry?

[keelansgrandad 6,679]

15 minutes ago, littleyellowbirdie said:

Close to what, sorry?

The end of civilisation

[SwindonCanary 455]

3 hours ago, horsefly said:

Remind us what happened to the factory you worked in.

£250 MILLION invested !

[(Hoola)Han Solo 324]

 

3 hours ago, horsefly said:

Remind us what happened to the factory you worked in.

Swindo’s factory after he was left in charge for the afternoon 

[horsefly 4,298]

14 hours ago, SwindonCanary said:

£250 MILLION invested !

£18 BILLION lost in the first few months of brexit