Nissan and Unilever staying

[King Nuts]

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So much for Brexit removing British jobs. As the BBC dude says, it's economics over politics. (Bet he had to say that through gritted teeth.)

[AnthG]

Pleased Nissan is staying given its main UK factory is in Sunderland.

I think the only company that really jumped ship after Brexit was Dyson. They charge a fortune for their stuff, and have no loyalty to us for it...

[The_Don]

Pleased Nissan is staying given its main UK factory is in Sunderland.

They made some solid cars in that factory (IMO), before Renault started changing things.

[lostandfound]

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So much for Brexit removing British jobs. As the BBC dude says, it's economics over politics. (Bet he had to say that through gritted teeth.)

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[winkywanky]

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So much for Brexit removing British jobs. As the BBC dude says, it's economics over politics. (Bet he had to say that through gritted teeth.)

I should imagine he's as please as anyone that they're staying (unless he's French) 

[Blackpool Rock]

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Yeah that BBC article is 2 weeks old and there was a more recent one a few days later with the Brexit warning
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As for Unilever they have a weird duel listing in the FTSE and the Dutch stock market, that was actually stopped for now by the UK shareholders who would probably lose money if it was removed from the FTSE

[LLPunting]

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So much for Brexit removing British jobs. As the BBC dude says, it's economics over politics. (Bet he had to say that through gritted teeth.)

Neither of these pieces of news reflect an endorsement of UK financial health and prosperity beyond Brexit.
Unilever are consolidating to try to manage their international businesses better (read as easier divestment) and the previous, preferred option to unify as a Dutch entity was blocked by UK shareholders fearing losses on their investments.

The Nissan move is only a stay of execution because their whole world has changed and you don't usually plan for a worldwide market failure, they are reviewing their plans whilst making tactical withdrawals to staunch the haemoraging of money.  It wouldn't surprise me that the cost of closure due to union action would be dearer per capita than the Spanish they just cut, but for now the "simple" axing of c.3000 is cheaper than c7000 and the undoubtedly larger capital loss on the UK plant.

As was pointed out by the Nissan UK boss, without a tariff deal the viability of the UK plant versus moving to EU-based factory and/or scaling up EU production lines is unsustainable.  They aren't going to toss the capital investment of the UK facility before Brexit is clear and especially now, they aren't going to spend on upgrading/expanding EU facilities because they don't know what's happened to their future markets.
About as sensible as dropping 100 on a Latina SP and expecting OWO and kissing.

[sub_marine]

All the companies will be trying to keep sweet with the UK government to make sure they get their hands on some COVID bailout cash, no point saying they are about to leave when the government is printing billions of new £s

As for the investment in the Nissan factory being too much to give up.  I agree that they have spent a lot of money buying and setting up some of the latest most efficient robotic car productions lines.  But now that they own the machinary, they can build a equal sized shed in EU somewhere and truck the whole line to somewhere else and set it up.  Thats pretty much what the Chinese did when they bought the Rover 45 production line and moved it from Longbridge to China.  About 100 Brummies went over for a year to show them how to run the line.

[LLPunting]

All the companies will be trying to keep sweet with the UK government to make sure they get their hands on some COVID bailout cash, no point saying they are about to leave when the government is printing billions of new £s

As for the investment in the Nissan factory being too much to give up.  I agree that they have spent a lot of money buying and setting up some of the latest most efficient robotic car productions lines.  But now that they own the machinary, they can build a equal sized shed in EU somewhere and truck the whole line to somewhere else and set it up.  Thats pretty much what the Chinese did when they bought the Rover 45 production line and moved it from Longbridge to China.  About 100 Brummies went over for a year to show them how to run the line.

Good points.  So Nissan are sucking the pandemic relief tit and hedging until Brexit conditions are finalised.. Wonder if they've booked any ferries for the move?  Probably won't make the mistake of booking non-existent ones.

[King Nuts]

Neither of these pieces of news reflect an endorsement of UK financial health and prosperity beyond Brexit.

Grizzle all you like. My point is that the Project Fear predictions had it that both companies would desert post Brexit Britain.

[Blackpool Rock]

Grizzle all you like. My point is that the Project Fear predictions had it that both companies would desert post Brexit Britain.

But we don't know yet do we as we're not post Brexit, hopefully they will both stay but equally they could both be gone in a couple of years time

[King Nuts]

But we don't know yet do we as we're not post Brexit, hopefully they will both stay but equally they could both be gone in a couple of years time

Yes, and pigs could start flying past my house.

Even when there's some good news, it's almost like Remainers wish they could make it go away.

[Blackpool Rock]

Yes, and pigs could start flying past my house.

Even when there's some good news, it's almost like Remainers wish they could make it go away.

But they won't will they, you original post implies that it's all done and dusted for the long term and it isn't.
Apart from raising Brexit again as an "I told you so" the facts of which have now been questioned it's yet another poor opportunity to bash the BBC with the gritted teeth comment

[Belgarion]

Yes, and pigs could start flying past my house.

Even when there's some good news, it's almost like Remainers wish they could make it go away.

But the news isn't factual as events have taken place since you shared it, including Nissan saying a No Deal means they are gone.

You've shared 2 examples here and claim it's good news. I could share more examples of organisations leaving and you will say remoaners are too negative.

End of the day, people want what is best for the country. No sensible person alienates his largest customer. It's stupid.

Very stupid.

[RedKettle]

Yes, and pigs could start flying past my house.

Even when there's some good news, it's almost like Remainers wish they could make it go away.

It is interesting that you often say on here that posters do not engage with debating you but just call you names. Here somebody gave a lengthy fact based response and you reply like that......

Personally with OT under threat I would prefer you stopped threads like this that are designed to cause arguments, 

[King Nuts]

But the news isn't factual as events have taken place since you shared it, including Nissan saying a No Deal means they are gone.

You've shared 2 examples here and claim it's good news. I could share more examples of organisations leaving and you will say remoaners are too negative.

End of the day, people want what is best for the country. No sensible person alienates his largest customer. It's stupid.

Very stupid.

Fine, then if you have contrasting or contrary examples, let's hear them.

Bit of debate, you know.

I'm interested.

[King Nuts]

It is interesting that you often say on here that posters do not engage with debating you but just call you names. Here somebody gave a lengthy fact based response and you reply like that......

Personally with OT under threat I would prefer you stopped threads like this that are designed to cause arguments, 

Calling names? I didn't call anyone a name in that post.

[King Nuts]

But they won't will they, you original post implies that it's all done and dusted for the long term and it isn't.
Apart from raising Brexit again as an "I told you so" the facts of which have now been questioned it's yet another poor opportunity to bash the BBC with the gritted teeth comment

No, my original post did not 'imply' that. My original post highlighted the fact that we were told these two outfits would leave Britain, and then they decided to stay.

Thus negating the views of a number of people who predicted otherwise.

[tom269u001]

Prior to Covid, it was generally agreed that it would be extremely difficult to put even a basic deal in place by Dec 31st.
Now we're in the middle of a pandemic, negotiations have been difficult and little progress has been made. And the arguments have now surfaced between both parties.
Our economy is well and truly fucked. All the promises to the farmers, fishermen, etc. and all the promised plans to spend big are in the toilet!

So surely it would be sensible at this point to extend the transition period?

Nissan and other companies will already have plans a,b,c,d etc. should tarrifs exist in 2021. Other countires will be talking to them about moving. They will need to remain competitive, and take car of their shareholders and shareholdings.

Boris et al don't give a shit about us. Never have, never will. And saying we're properly leaving in December is madness.

Arguments regarding Brexshit and Remoaners is pointless now. Unfortunately we've left. Let's not commit financial suicide when we're on our knees.

[tom269u001]

No, my original post did not 'imply' that. My original post highlighted the fact that we were told these two outfits would leave Britain, and then they decided to stay.

Thus negating the views of a number of people who predicted otherwise.

Organisations keep a close eye on the macro environment. If it changes, strategy changes. Hence, a no deal resulting in tarrifs will result in organisations changing their strategies. Many will leave in order to compete (for example).

[Blackpool Rock]

No, my original post did not 'imply' that. My original post highlighted the fact that we were told these two outfits would leave Britain, and then they decided to stay.

Thus negating the views of a number of people who predicted otherwise.

Yes it did, you posted links to two business stories about firms staying in the UK (at least for now) but instead of adding something along the lines of "This is great news and just what we need given the current hit our economy is taking" you chose to instead post -

"So much for Brexit removing British jobs. As the BBC dude says, it's economics over politics. (Bet he had to say that through gritted teeth.)"

You decided to put a slant on the articles about Brexit and effectively how "Remoaners" have obviously got it wrong and then when the reporter made the factual comment that the decisions are based on economics rather than politics decided to imply that he begrudgingly felt the need to report this and probably would rather not have.

Your posts have then been "Fact checked" and additional more recent information disclosed which actually shines new light on the fact that Brexit itself may still mean Nissan leaves but you can't seem to accept that

[LLPunting]

But the news isn't factual as events have taken place since you shared it, including Nissan saying a No Deal means they are gone.

You've shared 2 examples here and claim it's good news. I could share more examples of organisations leaving and you will say remoaners are too negative.

End of the day, people want what is best for the country. No sensible person alienates his largest customer. It's stupid.

Very stupid.

You're being very reserved with your name calling.  Lockdown got you so tight-lipped you can't bring yourself to vent? 

[LLPunting]

Prior to Covid, it was generally agreed that it would be extremely difficult to put even a basic deal in place by Dec 31st.
Now we're in the middle of a pandemic, negotiations have been difficult and little progress has been made. And the arguments have now surfaced between both parties.
Our economy is well and truly fucked. All the promises to the farmers, fishermen, etc. and all the promised plans to spend big are in the toilet!

So surely it would be sensible at this point to extend the transition period?

Nissan and other companies will already have plans a,b,c,d etc. should tarrifs exist in 2021. Other countires will be talking to them about moving. They will need to remain competitive, and take car of their shareholders and shareholdings.

Boris et al don't give a shit about us. Never have, never will. And saying we're properly leaving in December is madness.

Arguments regarding Brexshit and Remoaners is pointless now. Unfortunately we've left. Let's not commit financial suicide when we're on our knees.

Indeed, we already know that Frankfurt, Paris and others have been courting Tech and Finance to re-headquarter   The various continental governments will no doubt have been teasing as many industries as they can to re-base and re-focus at least partly to make up for the loss of UK suppliers to their own domestic industries let alone to increase their share of global production lines.  Wouldn't be surprised if various tax incentives are being figured into new EU legislation.  Also wouldn't be surprised if transport cost concessions and import tax waivers were being made ready for plant moves.  Given the very likely state of many EU economies after the pandemic eases the likes of Spain and Italy will be gagging to encourage transfer of industries that they need like Aerospace; Airbus exiting UK, which they undoubtedly would if nominal no-deal proceeds, would be pretty calamitous.
I wonder just how much the Tories are whimpering and rocking in their offices as they ponder the mess they have on their plates, I'd be surprised if they haven't all socially distanced in the khazi.

[Blackpool Rock]

Indeed, we already know that Frankfurt, Paris and others have been courting Tech and Finance to re-headquarter   The various continental governments will no doubt have been teasing as many industries as they can to re-base and re-focus at least partly to make up for the loss of UK suppliers to their own domestic industries let alone to increase their share of global production lines.  Wouldn't be surprised if various tax incentives are being figured into new EU legislation.  Also wouldn't be surprised if transport cost concessions and import tax waivers were being made ready for plant moves.  Given the very likely state of many EU economies after the pandemic eases the likes of Spain and Italy will be gagging to encourage transfer of industries that they need like Aerospace; Airbus exiting UK, which they undoubtedly would if nominal no-deal proceeds, would be pretty calamitous.
I wonder just how much the Tories are whimpering and rocking in their offices as they ponder the mess they have on their plates, I'd be surprised if they haven't all socially distanced in the khazi.

Don't worry about that as they will all have sorted it for themselves, of course the rest of us are just pawns in the game so expendible
Jacob Rees-Mogg one of the main instigators of Brexit is a partner in Somerset Capital, so much for supporting your country in it's hour of need as the've moved holdings out of the UK to Ireland to keep their EU advantage 

Another big mouth was James Dyson, good to see him move his HQ from Wiltshire to Singapore 

Ever get the feeling you've been conned 

[kippydon]

Pleased Nissan is staying given its main UK factory is in Sunderland.

I think the only company that really jumped ship after Brexit was Dyson. They charge a fortune for their stuff, and have no loyalty to us for it...

And this guy was a vod supporter of Brexit and then opened a plant i think it in singapore, talking about loyalty , it a shambles

[kippydon]

Neither of these pieces of news reflect an endorsement of UK financial health and prosperity beyond Brexit.
Unilever are consolidating to try to manage their international businesses better (read as easier divestment) and the previous, preferred option to unify as a Dutch entity was blocked by UK shareholders fearing losses on their investments.

The Nissan move is only a stay of execution because their whole world has changed and you don't usually plan for a worldwide market failure, they are reviewing their plans whilst making tactical withdrawals to staunch the haemoraging of money.  It wouldn't surprise me that the cost of closure due to union action would be dearer per capita than the Spanish they just cut, but for now the "simple" axing of c.3000 is cheaper than c7000 and the undoubtedly larger capital loss on the UK plant.

As was pointed out by the Nissan UK boss, without a tariff deal the viability of the UK plant versus moving to EU-based factory and/or scaling up EU production lines is unsustainable.  They aren't going to toss the capital investment of the UK facility before Brexit is clear and especially now, they aren't going to spend on upgrading/expanding EU facilities because they don't know what's happened to their future markets.
About as sensible as dropping 100 on a Latina SP and expecting OWO and kissing.

Nissan plant all depends on a deal or No deal , and if it is no deal cannot see tehm staying in the Uk