petej + industry   152

A no-deal Brexit won’t result in a siege. The EU will be more clinical than that | Tom Kibasi | Opinion | The Guardian
Instead, the EU’s response to a no deal will be strategic: opening up advantage, sector by sector, calmly and patiently dismantling the UK’s leading industries over the course of a decade. They will eat the elephant one bite at a time. The problem with abandoning the rules of the international order is that you no longer enjoy their protection.

A no-deal Brexit would hand the EU enormous power: it would decide how and when to introduce new frictions between the UK and the single market, giving sufficient time for firms like Airbus, Nissan or AstraZeneca to relocate production. As recent decisions have demonstrated, even seemingly fixed capital investment is more mobile than many Brexiters imagine.

The EU would set out a timeline over which it would introduce compliance and rules of origin checks on the UK’s most competitive exporting sectors. It is not hard to imagine checks on automotive parts from 2021, pharmaceuticals from 2022 and aerospace from 2023, alongside constantly shifting sands of equivalence for financial services. This would allow firms an orderly departure from the UK to the single market. It will be a steady drift away from the UK, not an avalanche. Moreover, the absence of any agreement would mean lasting uncertainty that would deter future investment. The UK is particularly exposed in this regard: our serious lack of competitiveness is demonstrated by persistently large trade deficits. This means the UK is heavily reliant on foreign investment – the “kindness of strangers” – which would likely collapse. It is not hard to imagine a future government going cap in hand to the IMF for a bailout.
UK  EU  Brexit  noDeal  delay  shortage  food  prices  imports  livingStandards  competition  industry  trade  regulation  compliance  investment  Nissan  dctagged  dc:creator=KibasiTom 
february 2019 by petej
We know that #climatebreakdown presents an existential risk to human populations and much of the other life on Earth. Yet the gas guzzler still accelerates towards the cliff edge. Why? Thread ...
We know that #climatebreakdown presents an existential risk to human populations and much of the other life on Earth. Yet the gas guzzler still accelerates towards the cliff edge. Why? Thread ...
climateChange  globalWarming  politics  fossilFuels  industry  lobbying  denial  wellbeing  growth  economics  dctagged  dc:creator=MonbiotGeorge 
october 2018 by petej
Will Nissan stay once Britain leaves? How one factory explains the Brexit business dilemma | News | The Guardian
“The deal [is] tangible evidence of the benefits to the UK of membership of the European Community; Nissan [has] chosen the United Kingdom because it [gives] them access to the whole European market. If we were outside the community, it is very unlikely that Nissan would have given the United Kingdom serious consideration as a base for this substantial investment.”


In fact, after Cornwall, the north-east receives England’s second-highest amount of EU structural funding proportionate to its population, according to a report compiled before the referendum for Sunderland’s public and private sector partnership, the Economic Leadership Board. The current round of EU funding, being managed by the region’s local enterprise partnership, is £437m between 2014 and 2020. Nissan itself, according to Farnsworth’s research, has received £450m in loans from the European Investment Bank, and £347m in grants and other public funding, from the UK and EU.
Nissan  cars  manufacturing  business  Sunderland  employment  jobs  HodgsonSharon  Brexit  EU  components  supply  just-in-time  efficiency  singleMarket  customsUnion  WTO  noDeal  GhosnCarlos  Renault  Mitsubishi  investment  costs  unemployment  deprivation  poverty  industry  ThatcherMargaret  HeseltineMichael  Japan  Honda  Toyota  grants  government  Unite  tradeUnion  GibsonIan  uncertainty  RamsbothamJames  dctagged  dc:creator=ConnDavid 
october 2018 by petej
Car manufacturing in Britain fell by 11% in July, reports SMMT | Business | The Guardian
The UK exports most of the cars made here. However, British buyers also get the majority of their vehicles from overseas, with about 86% of new cars being imported and 69% of new cars coming from the EU.
UK  economy  manufacturing  cars  demand  trade  EU  uncertainty  Brexit  business  industry 
august 2018 by petej
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