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Old 05.09.2016, 15:25
Reb77Br Reb77Br is offline
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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There is a very good reason the Japanese manufacture Cars & very little else in the UK / Europe. Cars have a 10% tariff, electronics varies from as little as 0%.......
Maybe I misheard it, but I thought they said on BBC TV the other day that reverting to WTO rules would mean that a 10% tariff would be imposed on cars, thus wiping out Japanese car manufacturers' profit margins in the UK and making it more worthwhile for them to relocate to the EU.

Ian Duncan Smith was interviewed on Radio 4 yesterday lunchtime and said he was in favour of reverting to WTO rules. As far as I remember, he didn't mention the car industry.
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