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Forget staying close to EU after Brexit, chancellor tells business

Discussion in 'General Discussion' started by SirGalahad, 18 Jan 2020.

  1. SirGalahad

    SirGalahad

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    https://www.ft.com/content/18ddc610-3940-11ea-a6d3-9a26f8c3cba4

    Forget staying close to EU after Brexit, chancellor tells business

    Asked how regulatory divergence might impact industries such as automotive and pharmaceuticals with intricate supply chains spanning Europe, Mr Javid said: “Japan sells cars to the EU but they don’t follow EU rules.”

    He added: “We’re also talking about companies that have known since 2016 that we are leaving the EU. Admittedly, they didn’t know the exact terms.”

    Brexit in a nutshell, he has no clue whatosever.

    Sunderland voters hope you are getting ready for Universal Credit. (y)
     
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  3. fillyboy

    fillyboy

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    And quite remarkably, despite tariffs, and being better quality than most German cars, they're still cheaper. Strange innit. I think Japan entered into an FTA with Europe last year, prices haven't dropped though, which is odd, no?
    No disrespect intended Galahad, but if you haven't worked out the name of the game by now, their is a strong likelihood you are mentally retarded.
     
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  4. SirGalahad

    SirGalahad

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    You dumbo the deal agreed with Japan is phased in and will fall to zero in 2032.

    You dont live in the real world.

    Clueless as usual.
     
  5. fillyboy

    fillyboy

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    Sooooo, are Japanese prices cheaper now, with tariffs, or am I imagining things?
    2032, fuk me, they should be half the price by then, just how much over the top are we paying by being in the EU?
     
  6. Notch7

    Notch7

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    Fillyboy, Ive pointed out your error before on this.
    You cannot make a valid argument on tariffs in a bilateral trade deal by picking single products.

    Trade deals are worked out by a system known as reciprocity, it is based on a whole range of products and allows countries to protects their key industies, by offsetting tariffs.

    The Japan EU trade deal is a fantastuc deal, which would have been a great opportunity to the UK.
    But you voted for the NHS to pay far more for drugs -what a great deal that will be -no doubt a nice fat fee for Matt Hancock.



    The deal's headline is about scrapping duties on 97% and 99% of Japanese and European imports respectively.

    Dairy and other food products are among the EU's biggest exports to Japan and the progressive reduction of nearly €1bn ($1.1bn; £0.9bn) of tariffs - nearly 40% on beef, up to 30% on chocolate, 15% on wine and up to 40% on cheese - could boost exports and create jobs
    Going the other way, the EU will reduce the 10% duties on car imports to zero by 2027. Japan's government estimates it could increase GDP by 1%.

    However, the deal also provides better access for services firms, allowing them to bid for more public contracts.

    European service exports to Japan are currently worth €28bn a year. The EU says firms selling business, financial, telecoms, transport and distribution services stand to benefit most
    https://www.bbc.co.uk/news/business-47086737
     
  7. SirGalahad

    SirGalahad

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    Tariff went from 10% to 9.2% .

    You are clueless as usual, what about Ntb?
     
  8. EddieM

    EddieM

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    Why single out Sunderland? Swindon, home to Honda until 2021 also voted leave.
     
  9. SirGalahad

    SirGalahad

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    61% of them voted leave, I believe it was closer to 53% in Swindon.
     
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  11. EddieM

    EddieM

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    And?
     
  12. SirGalahad

    SirGalahad

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    Hope they get what they voted for.(y)
     
  13. EddieM

    EddieM

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    So why single out Sunderland when the biggest leave votes were in the Midlands and the South?
     
  14. Notch7

    Notch7

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    I listened to a reporter talking in a street in Sunderland talking to locals.

    The concensus was: "everybody around here, knows someone that works at Nissan, if it shuts it would be a total disaster".

    And we all know the motor industry has highly integrated just in time supply lines around Europe.

    As Sunderland voted leave can you not agree its a fair example of people voting against their own interests?

    I live on the border of Surrey / Sussex / Kent -Im surrounded by towns and villages full of bankers, stockbrokers, property investors, pension fund managers -all the type of people that will be affected by Brexit the least. Yet I dont want this country to suffer, least of all the industrial north that was wrecked by Thatchers drive to make this country all about London and a service economy. Lets not forget about the great mining regions regions which have been left scarred for decades with no proper investment.

    Remainers have worked tirelessly to prevent damage to these industrial heartlands yet they get called traitors.
    Dominic Grieve did as much at he could to prevent economic damage at a cost of ending his career.

    Yet he personally loads of abuse from the people he has tried his best to protect.

    Isnt that really great.
     
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  15. EddieM

    EddieM

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    Why not give Basildon as an example, they voted more strongly than Sunderland to leave? Basildon is home to Ford?
     
  16. SirGalahad

    SirGalahad

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    So you are saying there are more examples, excellent, hope they get their wishes.
     
  17. EFLImpudence

    EFLImpudence

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    Sunderland was the first leave result announced in the referendum (third result after two remains) after which the pound instantly crashed.
     
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