I saw that on the news and it was very funny, as they read it out on the BBC, they were clear and slightly louder on the "because of brexit " part but then rushed through at almost a whisper "The drop internationally in diesel sales" Two additional points, the decline in diesels, which jlr are heavily dependent on https://www.telegraph.co.uk/business/2018/03/05/decline-car-sales-eases-diesel-collapse-continues/ and as company car owners know about the tax on cars over £40,000 and the year on year impact of continual high taxes which would effect the majority of jlr vehicles https://www.whatcar.com/advice/buying/ved-car-tax-changes-in-2017-what-do-i-need-to-know/ Dem Crazy "unbiased news companies"
She is an unpleasant person no doubt and the IMF capitalist pigs (). However, there is a good chance she will be right on all 4 counts. The proof of the pudding is when we actually leave. Not a single economist or political commentator thinks the UK will be better off. Not for some time anyway....then only 'maybe', only after significant short term pain that could take decades to fix.
"The short term pain" as you mention was honestly said by most brexiteers but as a short term re-alingment whilst uk plc sets its structures in place. We have most of the infrastructures in place but we need to bolster them. As to the better off, when you are comparing in and out, but not adding additional, then yes it can look worst off when you do not include what will come from additional deals with countries we can deal with. This tends to be the maths of of the same people who also think if we have no deal that lorries will be parked at the coast until an agreement is sorted out, this will not happen.
It's frankly embarrassing and extremely annoying at the same time. I've literally just watched a female channel 4 news reporter, their 'economics correspondent' first put a question to CL of the imf which was designed to put words in her mouth to agree with an impending recession ,she didn't bite may I add, but the same reporter than cited JLR as proof that they were acting as though Brexit would cause a recession and that was the basis of the 3 day week. That's absolute bollocks, a complete and utter bare faced lie. It's not that a no deal Brexit wouldn't impact the economy in the short term, but JLR is running a 3 day week due to that plant producing a huge % of the JLR diesel engines, and the arse has fallen out of the sales primarily because of VAG cheating emissions first and foremost, which then fired up shoot from the hip politics which painted all diesels as the baddy (a certain London mayor) Add in the BIK tax implications and hey presto, a massive reduction in the sales of diesel engines. Yet all started by that well protected VAG. It's just ludicrous
Instead of blinking, we need to proceed to "WTO ready". Time for big balls but Maybot doesn't have any. No more capitulations please! https://www.theguardian.com/politic...est-hour-in-brexit-talks-before-giving-ground
As in all things financial it’s all about confidence. And no one is confident right now. I think UK consumers are being cautious over any kind of large spending as they don’t know what will happen come 29th March 2019
I agree about the confidence, within the last few weeks I know of two who have sought replacement cars and simply ignored Diesel full stop As to jlr, this might have some bearing where they are building models overseas and this is being reflected with the jd power survey of most reliable and least reliable, most of their products came average or least reliable
China was a disaster as the Chinese wanted UK cars, not Chinese built ones and the Chinese Land Wind copy launched in parallel and much cheaper, Nitra, Slovakia was decided on long before the Brexit referendum was announced and that is not going too well either for various reasons. The main reason is the Jaguars made at Castle Brom are struggling against the competition other than the X761 but the market is generally slow due to the Government Diesel fiasco.
PCP is also about to bomb as mortgage lenders are once again changing the way they work and if the borrower has a PCP agreement, then the lender takes into account the full amount of the loan outstanding. The monthly repayments are irrelevant. The car industry faces a very uncertain future.
meh, fug em. anyhoo. yes means out no means in. it reveals that in attempting to solve the unsolvable Irish border problem, the EU’s Brexit negotiators are – at the UK’s behest – trying to come up with a plan which would preclude its use for Scotland in the event of independence. That’s an entirely legitimate course of action. Having lacked the courage to establish itself as a nation, Scotland shouldn’t expect to be treated as one by either the EU or the UK (which has demonstrated its contempt by flatly refusing Scotland any voice in negotiations). The EU is quite properly, and admirably stoutly, defending the interests of its member state, Ireland. Would that Scotland had such clout.
How often have they got it right? Makes total sense now, the CEO of JLR coming out with the ‘cost billions and thousands of jobs’ message. Has nothing to do with Brexit, and everything to do with diesel being the choice of the devil nowadays. And who wants to be a devil?
Fin some bloke of of twitter is hardly a reference point, even more so as most as never heard of him.
As well as the 20 year German senior exec at bmw who now runs jlr being less than honest about jlr's issues and trying to blame brexit for everything., BMW minis have announced their summer one month equipment refurb shut down will now not be in the summer but will be the very next day after after brexit. I get this makes sense if for now the supply chain issue hasn't been resolved however, it's the only company that has done this and the date cannot be overlooked. As we get closer to either a deal, unlikely given as even as recent as today, Barnier still insists the 4 pillars of the eu are not for negotiation, as we get closer to no deal, we will get I suspect, even more German and european countries ramping up the pressure to get us to back out. Funny thing is, within the eu, we deal with the other 27 but only 2 nations seem to be applying the pressure, France, but mostly Germany. any one else think that is odd that we are not getting a similar pressure from the other 25?
Somethings I saw today was these https://www.dailymail.co.uk/news/ar...UK-police-using-European-Arrest-Warrants.html https://uk.reuters.com/article/uk-b...-with-uk-must-go-on-post-brexit-idUKKBN1JF2EH During the war (old person analogy) at the very start of the eu it was, and was promised to be, just a trade organisation but as politicians retired but wanted more money, the political movement that was the eu started to rise. It rose to a point that it wanted to be the united states of europe, which included it's own flag, Anthem, parliament and law making body. What it also wanted was it's own version of interpol, so they founded europol. Those with an interest in remaining in the eu have pushed if we are out of europol, we lose the right to the european arrest warrant. Personally I don't think we will as europes security services are too U.K. heavily dependent. What those same people seem to not want to mention is that we are still members of interpol as are all of the european countries and the majority of the worlds countries. In truth what they tell you we will lose if we step out of europol, we still have through interpol. They hope by not mentioning interpol, you will not realise we have another option that we are still members of. http://www.differencebetween.net/mi...ions/difference-between-interpol-and-europol/ The truth of the matter is this, to arrest someone in europe under a european arrest warrant and the interpol red flag system, both are exactly the same process. However as the second article shows, the european security services and europol themselves are more worried about losing access to our security services, than we are losing their's as interpol covers everything europol does and much much more.
Germany is getting increasingly panicked about having bankroll the entire EU racket by itself, which is precisely what is going to happen after Brexit. No one else makes any meaningful contribution. They are desperate to cancel Brexit and see the UK remain hostage to the EU on even worse terms than we have already, ie. rebate abandoned, forced to adopt the Euro, surrender even more of our fiscal sovereignty with a view to Frankfurt poaching a big slice of the city of London's financial business. Of course, what German Euro-fanatics don't understand is that the harder they push for that scenario the more certain a clean "no deal" WTO Brexit becomes, in which event not only do they end up having to cover the bill for funding the EU by themselves, they won't get the £40 billion ransom payment either and, rather than the UK being an economic "partner" (what a joke..) to Germany and the the rest of the EU, we become an aggressive competitor, free to become a properly low tax, low regulation enterprise economy and we start poaching business from them. It's a fight we should have started a long time ago. Bring it on.
