Google to invest 1 billion pound to U.K. After brexit

(15 Posts)
EveOnline2016 Tue 15-Nov-16 20:44:59

https://www.google.co.uk/amp/www.bbc.co.uk/news/amp/37988095

Do you think this could be a game changer in the brexit

EveOnline2016 Tue 15-Nov-16 20:45:13

www.google.co.uk/amp/www.bbc.co.uk/news/amp/37988095

Tryingtosaveup Tue 15-Nov-16 20:47:26

Great news. Too many people predict disaster after Brexit. Google and Nissan both doing business here post Brexit.
I don't think it's a game changer. I am not surprised.

SwedishEdith Tue 15-Nov-16 20:52:46

Isn't this old news?

[http://uk.businessinsider.com/googles-new-11-storey-office-in-londons-kings-cross-2016-6 Business Insider from 20 June]]

SwedishEdith Tue 15-Nov-16 20:53:55

Bollocks

Business Insider 20 June

TuckersBadLuck Tue 15-Nov-16 21:06:14

Due to the nature of the services Google provide they can literally be based any place in the world that they can attract skilled workers to.

They won't be manufacturing anything here or trying to export anything after all - just taking advantage of R&D tax breaks no doubt...

PattyPenguin Tue 15-Nov-16 21:11:01

And Google will pay about £2.50 in tax. And hold a gun to the government's head about immigration for the workers it wants. So not really a huge win for Brexit.

SapphireStrange Wed 16-Nov-16 10:45:17

What Tuckers and Patty said.

Many companies that want to pay little tax and get away with shitty employment practices will expand their UK presence or come to the UK from elsewhere.

Brexit Britain is going to be a haven for the shareholders of massive, highly profitable global companies.

One in the eye for the elite, eh?

RortyCrankle Wed 16-Nov-16 10:52:55

Oh dear no. Perish the thought that something good is happening in the UK - that doesn't fit in with the Remainers' plans at all. grin

TuckersBadLuck Wed 16-Nov-16 12:12:32

Yes, it's jolly good. It's got nothing whatsoever to do with Brexit though, nor is it really a vote of confidence in our economy. And much of the value of the 'investment' boils down to a property investment in central London. But it was announced months ago, the 'story' is that they've decided they're going ahead with it despite uncertainty over Brexit - mainly because Brexit doesn't really make any difference to them.

It does (hopefully) mean 3,000 more highly-paid workers and numerous extra support workers though, so that is good news.

twofingerstoGideon Thu 17-Nov-16 08:05:13

Google have also said:
...open borders and free movement for skilled migrants were "absolutely" important to the success of the technology sector in the UK. Sources at the technology company also said if barriers were thrown up to skilled immigration following the vote to leave the European Union, some of Google's investment could be at risk..."

Sapphire is right when she says: Many companies that want to pay little tax and get away with shitty employment practices will expand their UK presence or come to the UK from elsewhere... Brexit Britain is going to be a haven for the shareholders of massive, highly profitable global companies.
And as well as not paying their taxes, they will be dictating the terms under which they operate here.

Draylon Thu 17-Nov-16 19:01:07

Tryingtosaveup- we don't yet know how much of the -ahem- £350m we'll be, post Brexit 'in pocket' is going as sweeteners to Nissan, do we?

We already know Google pay 25p a year in tax.

I predict, post Brexit, the UK will become a power house of profit driven, regulation-lite globalised companies, paying their 25p into our economy; the rich will get richer; but yer average Brexiteer- hmm- not so much. One thing we've learned over the past 50 years is that wealth only trickles down under certain circumstances - like when it's made to. But decades of 'extreme comfort' about the world's super rich getting richer has meant there is no reason whatsoever for multinationals to pass profits down. Hey, we're all loving the Gig Economy now, aren't we? Because of the flexibility it affords those lucky employees!

Apparently.

Draylon Thu 17-Nov-16 19:02:48

And Tryingtosaveup- what are you trying to save up for? A house?

DoNotBringLulu Thu 17-Nov-16 21:50:06

Draylon that is a bleak picture post Brexit....excuse my lack of understanding here, when you say wealth only trickles down under certain circumstances, you mean industrial action, etc? I have no idea how we are going to afford a 'hard' Brexit, if that leaked article from Times is correct, 66 billion to cover tarrifs, on top of the deficit.

Draylon Thu 17-Nov-16 22:51:50

'Certain circumstances' means enlightened, more socialist government, like in much of Scandinavia. High tax, high welfare, high equality societies.

I am not advocating we go all hygge over it - in fact, the good will of many Scandinavians is being sorely tested for various reasons as well, I gather; but there has to be a better way of distributing wealth so that the 'have-nots' don't inflict Brexit or Trump on the rest of us by way of ill-directed protest.

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