Martin2005

Are you expecting a tax cut as a result of Brexit?

Also this isn't just about tariffs. Free and open access to the Single Market is hugely important to lots of UK businesses, mine included.

Only this week I've had 2 emails from clients, stating that they are cutting all spending in what they call 'non critical' areas, whilst they access the impact of Brexit. Believe me this is going on up and down the country. Unless the government gets a grip and stops sending out mixed messages we are heading into properly difficult times.

hodgy0_2

a very good friend of mine is one of the top patent lawyers in the country

he was in the middle of a protracted two year negotiation to merge his law firm with a German counter part

post Brexit vote, the deal is now off - personally he is still more than OK

inconsequential to everyone posting on SNR - but as you say Brexit IS having consequences in every single area of the UK economy

dpb

Looks like Nissan planning build another car here !

Paben

iTrader: (5)

On the other hand the protracted negotiations between the EU and Canada have been scuppered by one tiny region of Belgium voting it down. The deal may eventually be saved but it has caused massive frustration and embarrassment all round, a triumph for 3.5 million Wallonians over 540+ million Europeans and Canadians.

In the future the UK can negotiate its trade deals without having to care what an obscure group of Europeans may think or vote, and when the European Court of Justice can no longer interfere with decisions taken in UK courts that will be another considerable bonus.

hodgy0_2

yes, that maybe so

it also blows a hole in the myth that the head of BMW will have the final say in the trade negotiations

Norman Dog

iTrader: (1)

http://www.sunderlandecho.com/our-re...hqai-1-8193677

Officially it hasn't been decided yet, but I doubt the Government would let Nissan leave, there are thousands of jobs around here that depend on them.

JGlanzaV

iTrader: (3)

There were thousands of jobs in the mines, british steel etc, didnt stop the goverment ****ing them off down the road and turning vast swathes of wales etc into jobless wastelands?

Paben

iTrader: (5)

How so? The German government certainly can't ignore its vehicle manufacturers even though they, the manufacturers, can't have any final say in the final outcome. And if some no account countries like Latvia, Croatia or Luxembourg, just to name a few of the EU hangers on, decide to put the trade boot in to the UK then doesn't this just confirm that we really should have no part of such an imbalanced community?

Norman Dog

iTrader: (1)

True enough. Bet that doesn't happen with the City of London.

tarmac terror

iTrader: (2)

I have been looking at a number of roles in London, and many of the recruitment processes have been stopped due to Brexit uncertainty. There are companies who don't want to make large investments or long term commitments while in a period of uncertainty about what the future may look like, this is turn is already causing job losses. Will be interesting to see if the period of uncertainty is worse than the actual outworking once the exit deal is negotiated.

JackClark

We'll go from uncertain we're shafted to certain we're shafted.

Fingers crossed Trump wins then the Americans can have their dumbest population crown back.

Paben

iTrader: (5)

There are too many people waving the white flag of surrender, determined to see the worst in everything and to make certain everyone else does too. Thank God there are those in the UK with the backbone to see this through despite the best efforts of the whingers and hand wringers.

JackClark

There's nothing good to see, you were conned plain and simple, shame you don't have the backbone to admit it.

Kwik

iTrader: (10)

None of us, including politicians, journalists and economists know what the eventual outcome will be. Those doom and gloom merchants the remoaners are just seeing the negative propaganda. Anyone making plans or changing their thoughts or recruitment processes due to the "uncertainty" would have just as much reason to recruit based on the UK's ability to trade with whoever we want in future. Its only people panicking that devalues the pound.

According to Newsnight EU politicians are trying to persuade us not to leave, we are a major player after all. Perhaps if we were offered better terms and regulations it wouldn't need to happen.

As for Germany, well BMW may be a major player at the moment. But that could all change if its at all true that Gergman lawmakers want to ban the internal combustion engine being produced in the future ....
http://www.huffingtonpost.co.uk/entr...b01fa2b9055c11
Add to this just how fast Tesla are growing and the Model 3 taking unprecedented amounts of pre orders, who's going to buy a gas guzzling 3 series or A4 when a 4 door electric car will probably be available for under 40grand.

Can Germany afford not to deal with us or at least put pressure on to make a deal with us as lucrative for us as possible.

hodgy0_2

well I thought it was sort of obvious

but here goes

it shows the reality - and the reality is that you have to get an agreement that is agreeable to all 27 nations - each one has a veto

that it wont be easy / quick - and the German Car industry won't run the negotiations in there self interest even though they may try - the EU simply does not work like that

I am sure BMW and the German car industry will make there views known - so will Poland and the Eastern European states over "free movement"


so will all the other EU states that will all have their individual negotiation points

I have no doubt that a "deal" will be done (with Canada and the UK)

but imv it will be a fudge - and ultimately will leave the UK in a worse position


and the argument that the EU will be mean to us - so we are best of out, is a moronic cop out argument, that Donald Trump would be ashamed of

hodgy0_2

they are already putting forward options that will exempt the city /financial services

as I said earlier the £350 Million saving may well go to subsidise the bankers in the city to continue access / passporting rights

Paben

iTrader: (5)

Moronic eh? So you believe that the many no-hoper members of the EU (who ought never to have been elected to membership in the first place) should be able to stymie sound agreements just because they can? The UK leaving the EU means it can deal with whomsoever it wishes without the disproportionate influence of the hangers on being brought to bear on the outcome. We will have to await the outcome of the negotiations with the EU, but please keep any patronising responses in that respect to yourself.

jayallen

iTrader: (31)

I hope it's better than the 2016 Qashqai!

hodgy0_2

lol, you make it sound like we can't trade with anyone else but the EU

so we need to leave the EU

Paben

iTrader: (5)

Either you can't read or I can't, or perhaps it's your strange sentence spacing that confuses me. Within the EU our ability to trade with the rest of the world has been limited, hence little progress with India, China, Australia, Brazil etc. With the UK out of the EU that will change dramatically, also we will no longer be lumbered with the propping up of the majority of the EU.
Perhaps when the EU collapses, as it surely will, the prosperous countries can regenerate it and do the job properly next time round. I'm not hopeful though.

hodgy0_2

really, how come Germany is able to pretty successfully

and explain EXACTLY how is it limited

JackClark

It's not, but now we can spend load of cash establishing and maintaining the same deal ourselves. That's the sort of thing that makes politicians happy, what a con.

markjmd

iTrader: (11)

Sorry, but that's just so woefully misinformed, it's hard to decide where to begin. The only thing that's been limited within the EU is our ability to negotiate trade deals with the places you've mentioned. That doesn't mean we've had no trade with those places, far from it, and in actual fact, a far larger proportion of the world's international trade overall occurs between countries or regional blocks that don't have trade agreements between them than between countries/blocks that do. What Brexit comes down to then is simple bread and butter economics - will the overall cost of us leaving the EU, whether that be in regards to less-favourable trading or other terms with the EU itself, or the reduction in purchasing power of the pound for our imports, or the reduction in inward investment from companies who already had or planned to setup here specifically as a forward base into the EU be outweighed by any hypothetical gains that can be achieved by successfully negotiating trade agreements with places like India, China, etc. Crystal ***** aside, you'll probably find strong clues to how that question will eventually get answered by looking at the difference in pro-Brexit rhetoric pre and post the actual referendum vote, specifically in how there's been a noticeable shift from a "how much we stand to gain" position, to one of "there's no reason why we can't break even, if we play our cards right".

hodgy0_2

presumably the extra costs involved in shipping our stuff to China, India Australia - well we simply say that they have to pay those additional costs

we will simply make that a condition of the free trade deal we strike (and make no mistake it will be a freer trade deal than the free one we have just left )

how can you get a "freer" trade deal than an already free trade deal - well you obviously don't understand !!!!!

JackClark

No I mean the hoards of staff that we'll need to establish and mantain trade deals we already had.

hodgy0_2

oh yeah there is that of course

the massive administrative overhead in it all

JackClark

We can just move some money from health to cover it. £350m should do. 👍😀

neil-h

Easily said if you don't have to deal with the consequences.

Incidentally, can anyone name anything we'd actually export to Australia?

Paben

iTrader: (5)

Oh poor you, it's so unfair so have a good whinge as that always helps in any situation.

JTaylor

Vegimite?