business

Toyota could delay UK investment decision to see Brexit terms

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でた。GM has already offloaded its Opel/Vauxhall EU brands to PSA Peugeot Citroen, who aren't committing to retain current production capacity in the UK, and other firms are already voting with their feet and budgets.

With the Avensis being phased out (a key target market was the UK's company car fleets), Toyota may just look elsewhere in Europe for its future production needs.

Politically, the clusterduck continues: UK politicians respectively shirk their responsibilities, hide their heads in the sand, and put party careers ahead of country as they run lemming-like for the Beachy Head cliffs.

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",,,, as they run lemming-like for the Beachy Head cliffs."

Yeah, right. Been hearing these Remoaning doomsday "predictions" over and over and the ones that have materialized so far have one thing in common: They're all wrong.

Chancellor of the Exchequer Hammond this week was forced to admit the UK economy "continued to confound the commentators with robust growth."

Must be a drag when real world events disprove your narrative. I don't know the experience myself....

-4 ( +2 / -6 )

Chancellor of the Exchequer Hammond this week was forced to admit the UK economy "continued to confound the commentators with robust growth."

Amazing what a suddenly devalued currency will do.

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Amazing what a suddenly devalued currency will do exactly and when all those imported goods prices start to increase and the EU impose 10% duty on UK imports things will turn for the worse. Why would any company want to manufacture in the UK when the majority of its goods are exported to the EU. Itll be cheaper to just setup in the EU with 0% tarriffs. UK know this EU know this and so will big business in the near future.

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SenseNotSoCommon, wtfjapan: welcome to the Confounded Commentators Club. LOL.

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I am not surprised UK based foreign car manufactures will play a waiting game when committing to any long term investment decisions The costs of dismantling and relocating assembly lines, staff relocation, will be instrumental to the final decision. Loss of productivity is also a consideration. Car manufacturing worker unions in both France and Germany see Japanese car manufacturers robbing market share by stealth.

Taking a first look at the plans of banking sector having already equivalence for the clearing of euro-denominated derivatives in New York and Singapore. Existing Paris/Frankfurt Euro trading and the management of credit risk, antitrust regulatory laws, existing and pending transaction taxes will continue to drive away Banks and Financial institutions. whatever the outcome of UK Independence.

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SenseNotSoCommon, wtfjapan: welcome to the Confounded Commentators Club. welcome to the wishful thinking club, The EU hasn't impose the 10% tariffs yet, so it no wonder the UK economy is doing better with a deflated currency. The UK gov knows that without the free movement of people the EU will not allow free market access. Give it time, when the Brexit is complete well see if the UK economy does as well as some seem to think it will do. At the end of the day the UK needs the EU market far more than visa vera. Watch those UK manufacturers relocate when they realize the UK gov cant afford to subsidize them as promised. LOL

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The EU hasn't impose the 10% tariffs yet,

Can you give one reason why they would punish themselves, except trying to justify their socialist agenda? spite/nose/face....

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Can you give one reason why they would punish themselves why would they be punishing themselves. They clearly stated that the UK cant cherry pick any future FTA. Firstly he free movement of people was one of the prerequisites of joining the EU. Now the UK has left do you think its fair for other member states to accept 0% tarriffs on UK imports while dumping the rest!? Considering many member states have clearly stated this and it takes all memeber states to agree on any future FTA with the UK I highly doubt the UK will continue to get the free market access the desire. Secondly since most of the UK manufactured goods is exported to the EU, it would be smart for the EU to make it more desirable for big companies to manufacturer in the EU taking those UK jobs investments in the process. Whichever way you look at it the ball is clearing in the EU court now. EU will gain far more in jobs and investment from the UK than theyd lose in exports to the UK from higher tariffs.

-1 ( +0 / -1 )

https://www.japantoday.com/category/business/view/toyota-to-invest-in-uk-plant-despite-brexit-uncertainty

Booyakashaaa

Brexit, bring it on

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