Brexit Latest Carmaker Honda will close a major U.K. plant in 2021, cutting 3,500 jobs. Why? Brexit is a factor, according to staff—although the company denies it. Speaking of which, seven lawmakers have quit the opposition Labour Party for a variety of reasons, one of which is Brexit and the Labour leadership's apparent inability to take a firm stance on the subject. Guardian
Japanese car makers pulling out is really going to hurt. Not just the jobs lost directly but indirectly as well. I'm curious what Ford Europe will do next.
https://www.bloomberg.com/news/arti...reprieve-for-london-banks?srnd=premium-europe Now they say "both sides" and this gem is from NPR Marketplace: Fears of shortages in Europe may seem like something straight out of WWII, but as the March 29 Brexit deadline approaches with no deal in sight, both individuals and companies are hoarding essential supplies in the United Kingdom. As one U.K resident told us: “We have absolutely no idea what’s going to happen on March 29, so I think we have to plan for the worst. It’s no good the government saying, 'Don’t stockpile.' The retailers say they are stockpiling. Manufacturers are stockpiling, too.”
A lot of things are unknown territory, so newspapers like to imagine all kinds of stories. They are lucky as it is very easy now to produce enough pages to fill their newspaper. There will be probably pleasant and unpleasant things for both sides as nobody can estimate the real and total impact of a Brexit. The only thing that is clear, as it happened already in past, is that if big companies leave a country for any reason, they will probably never go back. Once lost it is for "ever". The reason why is purely economical: they move because the location became too expensive or working on a normal level became impossible (trade tariffs, changed legislation...). As a move is a very expensive thing, companies try to avoid it, or postpone it till the move becomes inevitable. But once the move is decided there is no way back. Once gone is gone forever. So it is very clear that the UK will probably lose a lot of business that will never come back, or at least their growth will be massively smaller in future. At the same time the growth within the EU will be bigger as big parts of financial London will move back within the EU where it logically belongs. So London can never become a winner in the financial sector. Now already parts have been moved and new businesses will start within the EU as that is their core business market. The financial sector will not take the risk of opening EU business related in the UK as they are never sure that, even if the UK stays in the EU, the Brexit problem will not pop up again.
The UK has been in decline for decades, a lot of ordinary people were losing faith in the UK well before the referendum. https://www.telegraph.co.uk/news/ge...-the-thousands-fleeing-Britain-each-year.html https://www.expatsblog.com/articles/1495/why-so-many-people-are-leaving-the-uk What with crime and anti-social behaviour, house prices, wages suppressed, industry meltdown, it's a sad story. https://en.wikipedia.org/wiki/Government_spending_in_the_United_Kingdom 31% of government spending on social protection! The game was up well before Brexit buddy.
#LedByDonkeys @ByDonkeys https://en.wikipedia.org/wiki/David_Cameron https://en.wikipedia.org/wiki/Theresa_May David Cameron, educated at Eton and Oxford, gave the go ahead for the referendum. Theresa May, educated at Oxford, couldn't run a bath never mind an exit plan. Wtf is the matter with these people? https://www.politico.eu/article/putin-threatens-us-if-missiles-are-deployed-in-europe/ I think this says more about Europe and it's weak and fractured state than anything. Seems like it's only a matter of time before the whole thing caves in.
i think after Brexit, Wales, England and Scotland should be kicked out of the 6 Nations tournament. Give France a chance again ! Not sure what will happen to the Irish team, they seem to use northern ireland players as well. To make it fair we could than kick the Italians because of their budget deficit.
CEO says nothing to do with Brexit, would have closed factory even if the UK remained in the EU. Moving factory to Asia not the EU. Demand for Honda cars in the UK is not much, expects sales in Asia to increase, hence the move. However Romanian guy who cleans the toilets at the plant, when asked, says it was Brexit. So there u are. It was due to Brexit lol.