Jaguar Land Rover
In article , tim...
writes
"Nightjar" wrote in message
...
On 11/09/2018 20:43, tim... wrote:
"Dave Plowman (News)" wrote in message
...
More good news from Brexit. Jaguar will move production from the UK
to the
EU if we end up with less than the same free movement of goods as now.
as JLR sell 20% of their cars in the UK
and 20% of their cars in Europe
moving to Europe would simply mean that they have to pay tariffs on
the 20% that they export back to the UK instead of the 20% that they
export to Europe, after having paid out hundreds of millions to move
their factory
Final sales are only a small part of the picture. On average, only
41% of the parts used in UK built cars are made in the UK.
so that's at worse 60/40 to the EU, perhaps
but what about those parts that are made in ROW?
It may well make sense for a manufacturer to move to Europe after
Brexit, if most of their supplies come from there.
but 60/40 is hardly a game changer for a factory that going to cost
100s of millions to move
and where, when the dust has settled, the EU will very likely come to
their senses and realise that they have to do a deal with us anyway.
If we weren't in the EU today you would be overwhelmed in the rush of
the EU trying to make a deal with the 5th largest economy in the world
and the single largest external market for its exports.
If we do leave "without a deal" because of their nonsensical argument
that the only acceptable solution to the Irish problem is a border down
the Irish Sea, once we have left (with no border down the Irish Sea and
hence one with RoI instead) they will be screaming for a deal so that
they can do what they should be doing now - solving the Irish border
problem by a mutually acceptable trade arrangement with the UK.
tim
About time we pointed out to them that once we've left they cannot
automatically have unlimited tariff free access to the UK single market
and they cannot cherry pick.
--
bert
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