News1 min ago
How Can This Be Glibly Dismissed As Project Fear - It's Happening Now Thanks To Brexit.
Seems like we've lost a very valuable trading partner.
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To me it makes chilly reading.
For example
[In the 1980s this is where consensus was reached that Margaret Thatcher’s commitment to the European single market and customs union, along with her labour market reforms, offered a major opportunity for Japanese business. It would allow Britain to be the place where Japan could develop its famed “just-in-time” delivery system by sourcing production across Europe, without tariffs, regulatory and customs checks, and foster the recruitment and management of talent Europe-wide. They took her at her word, and the investment boom that has transformed the British car industry was born.
Today, a new Japanese consensus has formed. The Conservative party and its leaders cannot be trusted. They ignore warnings, break their word and do not understand business – personified by Old Etonians Boris Johnson and Jacob Rees-Mogg. Brexit is a first-order disaster, striking at the heart of how Japanese companies organise themselves as "lean manufacturers. "]
https:/
To me it makes chilly reading.
For example
[In the 1980s this is where consensus was reached that Margaret Thatcher’s commitment to the European single market and customs union, along with her labour market reforms, offered a major opportunity for Japanese business. It would allow Britain to be the place where Japan could develop its famed “just-in-time” delivery system by sourcing production across Europe, without tariffs, regulatory and customs checks, and foster the recruitment and management of talent Europe-wide. They took her at her word, and the investment boom that has transformed the British car industry was born.
Today, a new Japanese consensus has formed. The Conservative party and its leaders cannot be trusted. They ignore warnings, break their word and do not understand business – personified by Old Etonians Boris Johnson and Jacob Rees-Mogg. Brexit is a first-order disaster, striking at the heart of how Japanese companies organise themselves as "lean manufacturers. "]
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That'd be hilarious were it not that I suspect you believe it.
Private individuals extracting excess wealth from society for themselves is not preferable to governments insisting we all contribute to a kitty in proportion to what folk have got out of society, to cover the costs of that which benefits all.
Private individuals extracting excess wealth from society for themselves is not preferable to governments insisting we all contribute to a kitty in proportion to what folk have got out of society, to cover the costs of that which benefits all.
'It has simply been a location where foreign manufacturers construct their products for sale elsewhere.'
A monumentally blase answer and one which ignores the fact that thousands of people in direct and associated industries will lose their jobs. There's no 'simply' about it.
It's going to be like this from now on tho isn't it. Clear unequivocal evidence of the effect of Brexit being excused by leave voters.
A monumentally blase answer and one which ignores the fact that thousands of people in direct and associated industries will lose their jobs. There's no 'simply' about it.
It's going to be like this from now on tho isn't it. Clear unequivocal evidence of the effect of Brexit being excused by leave voters.
Leaving aside the particular arguments, Zacs (and nobody knows for certain the real reason why these Japanese firms have chosen to relocate) it is obvious that Brexit will cause the realignment of the UK economy. Nobody expects things to remain as they are. The whole point of leaving is to move the UK in a different direction from the one which has seen us so dependent on the EU that leaving it is so troublesome. There have been many upheavals in the UK economy in the past few decades. All have been weathered and the UK is now one of the most successful economies in Europe.
The electorate was asked to decide and it did. It is clear that large numbers of people are totally dissatisfied with our EU membership. We just need to get on and do it.
The electorate was asked to decide and it did. It is clear that large numbers of people are totally dissatisfied with our EU membership. We just need to get on and do it.
2015
Is it far fetched to suggest that Honda might eventually withdraw from the European market?
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Is it far fetched to suggest that Honda might eventually withdraw from the European market?
https:/
I read it OK, Tony. It is an article dated August 2015 which suggests the Honda motor business in Europe is in crisis and that they may decide to withdraw from Europe entirely. Which they have. The trouble is, people do no research and blame everything like this on Brexit (oh, we seem to be back to square one!).
Yes NJ I realised it was old news after I had posted it, but once it's posted it's posted unfortunately.
I appreciate that brexit is an easy target for any UK financial maladies for those that need to point a finger. At the end of the day there is a worldwide overcapacity of car production with many thousands of built cars stored in various locations around the UK.
Also it is much easier to close any sort of manufacturing facility in the U.K. than in mainland Europe.
I appreciate that brexit is an easy target for any UK financial maladies for those that need to point a finger. At the end of the day there is a worldwide overcapacity of car production with many thousands of built cars stored in various locations around the UK.
Also it is much easier to close any sort of manufacturing facility in the U.K. than in mainland Europe.
As an aside, I did a job at the Honda Plant in Swindon 20 odd years ago. Chap I knew from another part of the factory came to me one morning 'Come and have a look at this, spice'. Wouldn't tell me what it was.
Went through this door, down a corridor and you could see all these blokes lining up against the far wall. All of a sudden, over the tannoy, this trumpet blasts out (in Japanese) and some Jap starts screaming (in Japanese). Meanwhile, all these 'blokes' start doing star-jumps and squats, in sync like a womens' aerobics class (I'd imagine)
My chap thought I'd find it funny. In truth I found it quite sad. The depths that some grown men had to sink to, to get and hold on to a job in this country
Went through this door, down a corridor and you could see all these blokes lining up against the far wall. All of a sudden, over the tannoy, this trumpet blasts out (in Japanese) and some Jap starts screaming (in Japanese). Meanwhile, all these 'blokes' start doing star-jumps and squats, in sync like a womens' aerobics class (I'd imagine)
My chap thought I'd find it funny. In truth I found it quite sad. The depths that some grown men had to sink to, to get and hold on to a job in this country
"The electorate was asked to decide and it did. It is clear that large numbers of people are totally dissatisfied with our EU membership."
So dissatisfied that almost a third of those eligible to vote actually turned out to give the government a mandate to leave.
As a Europhile, I am still looking for the good news about Brexit. Even with the odd £60million sweetener on offer, we can't keep these jobs in the UK. Not even pro-Brexit politicians are talking of a benefit any more, just telling us the hit won't be as bad as some have predicted.
So dissatisfied that almost a third of those eligible to vote actually turned out to give the government a mandate to leave.
As a Europhile, I am still looking for the good news about Brexit. Even with the odd £60million sweetener on offer, we can't keep these jobs in the UK. Not even pro-Brexit politicians are talking of a benefit any more, just telling us the hit won't be as bad as some have predicted.
"So dissatisfied that almost a third of those eligible to vote actually turned out to give the government a mandate to leave."
37.4% actually, but let's not quibble. And slightly fewer than that number (1,269,501 to be precise, or about 34.7%, a little closer to your "almost a third") turned out to say they wanted to retain the status quo (such that it would have been). But we're back to the four-fifths of five-eights of sweet FA which was amply covered in the summer of 2016.
The benefits of Brexit were never going to be apparent on day one. Nobody ever said they would. But if you want the UK to control its laws, borders, money and trade there is no argument against it. If you don't, that's your privilege.
37.4% actually, but let's not quibble. And slightly fewer than that number (1,269,501 to be precise, or about 34.7%, a little closer to your "almost a third") turned out to say they wanted to retain the status quo (such that it would have been). But we're back to the four-fifths of five-eights of sweet FA which was amply covered in the summer of 2016.
The benefits of Brexit were never going to be apparent on day one. Nobody ever said they would. But if you want the UK to control its laws, borders, money and trade there is no argument against it. If you don't, that's your privilege.
"So dissatisfied that almost a third of those eligible to vote actually turned out to give the government a mandate to leave."
Or conversely so satisfied/dissatisfied that 27.8% of those eligible to vote actually didn't opt to turn out to give the government a mandate to remain or to leave. But for those that did have a preference most had experienced/witnessed enough and wanted out.
"It's going to be like this from now on tho isn't it. Clear unequivocal evidence of the effect of Brexit being excused by leave voters."
Strange, I see it the other way around. It's going to be like this from now on though, isn't it ? Anything that looks less than ideal will be claimed to be clear unequivocal evidence of the effect of Brexit and it will need leave voters pointing out it's not so in case gullible readers believe the claim.
Or conversely so satisfied/dissatisfied that 27.8% of those eligible to vote actually didn't opt to turn out to give the government a mandate to remain or to leave. But for those that did have a preference most had experienced/witnessed enough and wanted out.
"It's going to be like this from now on tho isn't it. Clear unequivocal evidence of the effect of Brexit being excused by leave voters."
Strange, I see it the other way around. It's going to be like this from now on though, isn't it ? Anything that looks less than ideal will be claimed to be clear unequivocal evidence of the effect of Brexit and it will need leave voters pointing out it's not so in case gullible readers believe the claim.
Honda are probably shutting down Swindon for lots of reasons. One thing's for sure. Brexit didn't help.
But nobody who voted for Brexit voted on the basis of improved trade, especially in the short term. We're throwing away every trade deal bar six - Chile, Eastern and Southern Africa, Israel, Palestinian Authority, Switzerland and The Faroe Islands! Only the most egregious pro-Brexit liars promised improved trade in the short to medium term. It's about ideology - "taking back control" - not trade.
The pro-Brexit vote in both Swindon and Sunderland was above the national average. That's either turkeys voting for Christmas or principled patriots putting their country before their own jobs, depending on your point of view.
But nobody who voted for Brexit voted on the basis of improved trade, especially in the short term. We're throwing away every trade deal bar six - Chile, Eastern and Southern Africa, Israel, Palestinian Authority, Switzerland and The Faroe Islands! Only the most egregious pro-Brexit liars promised improved trade in the short to medium term. It's about ideology - "taking back control" - not trade.
The pro-Brexit vote in both Swindon and Sunderland was above the national average. That's either turkeys voting for Christmas or principled patriots putting their country before their own jobs, depending on your point of view.
//Theresa May has given a press conference in Egypt in which said the next “meaningful vote” on a deal with the EU would take place “by” the 12th of March, declined to say whether she would sack Cabinet members and other ministers if they voted against her, and declined to say whether she would delay Brexit beyond March 29th or embark on a No Deal Brexit if the deal is defeated again.
The EU itself, meanwhile, is apparently considering a delay all the way to 2021, according to three senior officials.
Business, however, appears to have finally decided that derailing or watering down Brexit must finally take a back seat to simply biting the bullet and getting on with things one way or another, with the Institute of Directors complaining that a delay now would only “drag out uncertainty”.
“Businesses have lost all faith in the political process and as those first in the firing line of No Deal they deserve to know more,” said Edwin Morgan, the IoD’s interim director.
“There appears to be little realistic chance of a deal being agreed and the necessary legislation getting through by March 29,” he added — urging the Prime Minister to be “absolutely clear ahead of time what the Government’s next steps would be if the vote [on her deal] failed again.”
Mrs May has suggested the next “meaningful vote” on her deal with the EU — which may end up coming back before MPs virtually or even entirely unchanged from the last time, when it suffered a historic defeat — could be delayed to March 12th, barely a couple of weeks before exit day.//
Meanwhile...
//Brexit Britain and America have today struck a deal on to protect the multi-trillion derivatives market after the UK leaves the European Union.
Today the Bank of England, the UK’s Financial Conduct Authority (FCA), and the US Commodity Futures Trading Commission (CFTC) announced an agreement designed to ensure “continuity of derivatives trading and clearing activities between the UK and US, after the UK’s withdrawal from the EU”.
As the statement itself says: “UK and US authorities are taking measures to ensure the UK’s withdrawal from the EU, in whatever form it takes, will not create regulatory uncertainty regarding derivatives market activity between the UK and US.
“These measures will help support financial stability and the sound functioning of financial markets. They also will give confidence to market participants about their ability to trade and manage risk through these markets.”
The Bank of England Governor, Mark Carney, has said: “Derivatives can seem far removed from the everyday concerns of households and businesses, but they are essential for everyone to save and invest with confidence.
This follows on from the UK agreeing with the EU measures to ensure that even after a No Deal Brexit, EU banks will be able to continue accessing clearing houses in London allowing banks to trade derivatives, with £60 trillion worth of trading activity set to continue.//
The EU itself, meanwhile, is apparently considering a delay all the way to 2021, according to three senior officials.
Business, however, appears to have finally decided that derailing or watering down Brexit must finally take a back seat to simply biting the bullet and getting on with things one way or another, with the Institute of Directors complaining that a delay now would only “drag out uncertainty”.
“Businesses have lost all faith in the political process and as those first in the firing line of No Deal they deserve to know more,” said Edwin Morgan, the IoD’s interim director.
“There appears to be little realistic chance of a deal being agreed and the necessary legislation getting through by March 29,” he added — urging the Prime Minister to be “absolutely clear ahead of time what the Government’s next steps would be if the vote [on her deal] failed again.”
Mrs May has suggested the next “meaningful vote” on her deal with the EU — which may end up coming back before MPs virtually or even entirely unchanged from the last time, when it suffered a historic defeat — could be delayed to March 12th, barely a couple of weeks before exit day.//
Meanwhile...
//Brexit Britain and America have today struck a deal on to protect the multi-trillion derivatives market after the UK leaves the European Union.
Today the Bank of England, the UK’s Financial Conduct Authority (FCA), and the US Commodity Futures Trading Commission (CFTC) announced an agreement designed to ensure “continuity of derivatives trading and clearing activities between the UK and US, after the UK’s withdrawal from the EU”.
As the statement itself says: “UK and US authorities are taking measures to ensure the UK’s withdrawal from the EU, in whatever form it takes, will not create regulatory uncertainty regarding derivatives market activity between the UK and US.
“These measures will help support financial stability and the sound functioning of financial markets. They also will give confidence to market participants about their ability to trade and manage risk through these markets.”
The Bank of England Governor, Mark Carney, has said: “Derivatives can seem far removed from the everyday concerns of households and businesses, but they are essential for everyone to save and invest with confidence.
This follows on from the UK agreeing with the EU measures to ensure that even after a No Deal Brexit, EU banks will be able to continue accessing clearing houses in London allowing banks to trade derivatives, with £60 trillion worth of trading activity set to continue.//
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