The Brexit referendum thread: potential consequences for GB, EU and the Brits in CH

	Quote:	Urs Max
	Investments by the UK automotive industry: 2015: £2.5bln 2016: £1.66bln 2017, first half only: £322bln Feel free to keep "fearmongering", marton. ETA: 2017, full year: £1.1bln Car production fell by 3% in 2017, the first drop since the financial crisis. Before the Brexit vote, the UK had been expected to produce 2mln cars by 2020, but not anymore.

So investment dropped from £322 billion in the first half of 2017 (I never knew cars were such big business! That's quite an investment to produce fewer than 2 million cars p.a.) to just £1.1 billion for the full year. What did they do, have a fire sale?

In any case, I'd say the ongoing trend of huge reductions in investment each year would be cause for alarm, wouldn't you?

[lewton]

	Quote:	BaselLife
	Hi I don't see how it is scare mongering as Brexit makes the UK a much less interesting place to do business. It looks like it makes good business sense. I wonder how many jobs will be lost to the idiocy of Brexit. Let's hope the damage from the Brexit disaster is not permanent.

Corbyn will make sure it will be permanent as he will win the next election and he will be free to do socialism without any control from Brussels.

[marton]

	Quote:
	So investment dropped from £322 billion in the first half of 2017 (I never knew cars were such big business! That's quite an investment to produce fewer than 2 million cars p.a.) to just £1.1 billion for the full year. What did they do, have a fire sale? In any case, I'd say the ongoing trend of huge reductions in investment each year would be cause for alarm, wouldn't you?

79% were exported; after Brexit any guesses as to how many and to whom?

	Quote:	Urs Max
	Investments by the UK automotive industry: 2015: £2.5bln 2016: £1.66bln 2017, first half only: £322bln Feel free to keep "fearmongering", marton. ETA: 2017, full year: £1.1bln Car production fell by 3% in 2017, the first drop since the financial crisis. Before the Brexit vote, the UK had been expected to produce 2mln cars by 2020, but not anymore.

	Quote:
	So investment dropped from £322 billion in the first half of 2017 (I never knew cars were such big business! That's quite an investment to produce fewer than 2 million cars p.a.) to just £1.1 billion for the full year. What did they do, have a fire sale? In any case, I'd say the ongoing trend of huge reductions in investment each year would be cause for alarm, wouldn't you?

...I suspect there's been a mix-up between billion and million in there somewhere. Pretty sure that should be 322 million.

	Quote:	Urs Max
	Investments by the UK automotive industry: 2015: £2.5bln 2016: £1.66bln 2017, first half only: £322bln Feel free to keep "fearmongering", marton. ETA: 2017, full year: £1.1bln Car production fell by 3% in 2017, the first drop since the financial crisis. Before the Brexit vote, the UK had been expected to produce 2mln cars by 2020, but not anymore.

Elsewhere investment is up. This is a typical of Remainers (I'm not suggesting you are one) to focus on any negative piece of economic news and blame it on Brexit. So what if the car industry had less investment, overall the UK is still doing well.

Inward investment brings 1,500 new jobs a week to the UK
Foreign investment in UK technology firms doubles in just one year

[MusicChick]

	Quote:	BaselLife
	Hi I don't see how it is scare mongering as Brexit makes the UK a much less interesting place to do business. It looks like it makes good business sense. I wonder how many jobs will be lost to the idiocy of Brexit. Let's hope the damage from the Brexit disaster is not permanent.

Because if GB remained there would be no business with GB at all. There would be only business with the EU and it is far from favorable. Might just sting a little at the beginning. I am glad I live out of the EU where business is done with individual partners and returns take shorter times. That is not scare mongering but reality of CH.

	Quote:	MusicChick
	Because if GB remained there would be no business with GB at all.

Nonsensical statement.

	Quote:	Loz1983
	Elsewhere investment is up. This is a typical of Remainers (I'm not suggesting you are one) to focus on any negative piece of economic news and blame it on Brexit. So what if the car industry had less investment, overall the UK is still doing well. Inward investment brings 1,500 new jobs a week to the UK Foreign investment in UK technology firms doubles in just one year

FDI trend was negative in 2017:

	Quote:
	in 2016, FDI coming into the UK totalled $196 billion – but in 2017 that had dropped to $15 billion Read more at: https://inews.co.uk/news/uk/foreign-...ince-2016-why/

(report in inews quoting from http://www.oecd.org/industry/inv/inv...April-2018.pdf)

Strongly negative trend in 2018 as well btw.

[marton]

	Quote:	MusicChick
	Because if GB remained there would be no business with GB at all. There would be only business with the EU and it is far from favorable. Might just sting a little at the beginning. I am glad I live out of the EU where business is done with individual partners and returns take shorter times. That is not scare mongering but reality of CH.

"There would be only business with the EU and it is far from favorable." Not true, a major benefit of the EU for GB is that GB can take advantage of the many free trade agreements (FTAs) that the EU has with other countries. There are currently around 70 FTAs completed or in final stages plus there are many more being negotiated.

Now GB must negotiate new FTAs and so far countries have not offered deals that are as good or better than the terms in the EU FTAs.

[MusicChick]

	Quote:	marton
	"There would be only business with the EU and it is far from favorable." Not true, a major benefit of the EU for GB is that GB can take advantage of the many free trade agreements (FTAs) that the EU has with other countries. There are currently around 70 FTAs completed or in final stages plus there are many more being negotiated. Now GB must negotiate new FTAs and so far countries have not offered deals that are as good or better than the terms in the EU FTAs.

I disagree with how favorable it looks on paper and how it really is. I think it takes a lot to feed the EU moloch, GB will not have to. If attitudes change, it has a better chance to improve now, imho. And if it clasps on profiteers and demands accountability. It is easier, w/o the EU. Transparency and accoubtability are not the EU's fortes.

	Quote:	MusicChick
	Transparency and accoubtability are not the EU's fortes.

If you think that would be better in the UK then you really do not understand the UK's system of government.

	Quote:	MusicChick
	I think it takes a lot to feed the EU moloch, GB will not have to.

A very naive position, we will almost certainly end up paying more.

[MusicChick]

Naive? Nope. A position of a young EU member state and getting royally screwed. Maybe UK's position in the EU was better at the beginning, but I think the UK has succeeded fleeing a forseeable fiasco.

And a position of CH that never made the EU entry, for a reason.

Don't call that naieve.

[marton]

	Quote:	MusicChick
	Naive? Nope. A position of a young EU member state and getting royally screwed. Maybe UK's position in the EU was better at the beginning, but I think the UK has succeeded fleeing a forseeable fiasco. And a position of CH that never made the EU entry, for a reason. Don't call that naieve.

CH does not get the bilateral agreements for free!

	Quote:
	n June 2007, Parliament approved a framework credit of CHF 1 billion for the ten states that joined the EU in 2004. In December 2009, it approved a second framework credit of CHF 257 million for Bulgaria and Romania, which joined in 2007. In December 2014, Parliament approved the contribution of CHF 45 million to Croatia, which joined the EU on 1 July 2013.

	Quote:
	...I suspect there's been a mix-up between billion and million in there somewhere. Pretty sure that should be 322 million.

Ya think?

[marton]

	Quote:
	The Spanish infrastructure firm Ferrovial that manages Heathrow and owns 25% of the airport is to relocate its international head office from the UK to Amsterdam as a result of Brexit. “The reason for the move is to maintain these holdings under the umbrella of the EU’s legislation,” said a spokesman for Ferrovial, which also owns Aberdeen, Glasgow and Southampton airports. Other companies have switched jurisdictions with Brexit looming, among them Anglo-Dutch consumer-products giant Unilever NV, which plans to consolidate its former dual headquarters in Rotterdam.

Source

No job losses are forecast; possibly some tax implications?

Well, that went well...

https://www.bloomberg.com/news/artic...ts-study-shows

Can we all admit it was a bad idea financially now. You can still be happy with blue passports and fewer immigrants, if you like.

	Quote:
	Well, that went well... https://www.bloomberg.com/news/artic...ts-study-shows Can we all admit it was a bad idea financially now. You can still be happy with blue passports and fewer immigrants, if you like.

There's a reason why divorces cost so much - because they're worth every penny.

[MusicChick]

	Quote:	Loz1983
	There's a reason why divorces cost so much - because they're worth every penny.

Sometimes it's not the immediate costs that is the most important for a country, long term. Swiss know it well.

[Medea Fleecestealer]

May not be a problem if Schengen and the EU fail which is becoming increasingly likely.

https://www.bbc.com/news/world-europe-44632471