Technology5 mins ago
So Much For Going Down Hill
Answers
“…so that once Brexit happens they can sell the stock that is already in Germany without having to pay the 15% export tax. Once the 15% export tax is implemented they will no longer have the cheapest price and expect to lose much of the business to EU countries that do not have the export tax.” It won’t be an export tax, Eddie. It will be an import tax...
19:56 Wed 10th Jan 2018
TTT does tend to use abbreviations which are almost impossible to understand unless they are explained, then you get used to them. I don't mind his use of rhyming slang, in fact I rather enjoy trying to figure it out. He has come out with one recently where I knew the word he meant but could not parse it until suddenly a light bulb went on upstairs
The large international British based company that 2 of my sons work at is at the busiest it its history. Extra shifts , extra workers, 7 day a week working, no Christmas shut down. Why?
Because they export 75% of their output to Germany. They have warehouses in Germany. They are working flat out to fill the German warehouses with stock so that once Brexit happens they can sell the stock that is already in Germany without having to pay the 15% export tax. Once the 15% export tax is implemented they will no longer have the cheapest price and expect to lose much of the business to EU countries that do not have the export tax.
I have said this on here before, only for New Judge to say that they need to develop new markets. I can see the point of that, but the company has spend over £32 million over the last 25 years specifically to develop the trade with V/W (the car manufacturer) by building plants and installing machinery dedicated solely to the V/W contract. . They are now V/W's preferred supplier and NEVER expected a situation where they were outside the EU while their main customer was within it.
Because they export 75% of their output to Germany. They have warehouses in Germany. They are working flat out to fill the German warehouses with stock so that once Brexit happens they can sell the stock that is already in Germany without having to pay the 15% export tax. Once the 15% export tax is implemented they will no longer have the cheapest price and expect to lose much of the business to EU countries that do not have the export tax.
I have said this on here before, only for New Judge to say that they need to develop new markets. I can see the point of that, but the company has spend over £32 million over the last 25 years specifically to develop the trade with V/W (the car manufacturer) by building plants and installing machinery dedicated solely to the V/W contract. . They are now V/W's preferred supplier and NEVER expected a situation where they were outside the EU while their main customer was within it.
