"I told you so...." (pt. 94)

[MockerstheFeManist]

Bridgend plant to close.

All you Welsh Brexit voters, happy now? The days of the internal combustion engine are drawing to a close. The future is electricity and hydrogen fuel cells. The investment will go where the markets are largest and most stable.

Brexit is a lot like climate change: You cannot attribute any single economic event exclusively to it, but it means there will be more of them more often and they will be more severe.

Nissan and Toyota workers, be very afraid.

Sorry to rain on your ‘I told you so’ parade but it wouldn’t have made much difference which way they voted.

Nissan & Toyota - Eu/Japan tariff free trade deal
Ford - reducing workforce across Europe

Maybe in the case of the plants building internal combustion engines, it would not have made much difference, because it's technology which is on its way out.

However, where are all the new deals that Leavers assured us would be easy? New Deals too which don't require the UK to trash the NHS as one of these oh so easy new deals with the USA would?

time

Ford has made it very clear what they think of brexit, in particular, a no-deal brexit and what it will mean for Dagenham, it puts UK manufacturing at a disadvantage and that means in a falling market, our plants are top of the list, within a year or two, it will be Airbus and you'll say "ah global slow down in tourism, nothing to do with brexit"

Aside, the eu/japan FTA doesn't reduce tariffs for cars to zero for several years but what Brexit does do is to remove the UK from the benefits of the EU/Japan deal... thought to be worth £3bn. Any deal we eventually do with Japan will not be any better than if we'd stayed in the EU, we just lose out in the interim.

Full list...

docs.google.com/spreadsheets/d/e/2PACX-1vTIPx0lI6pb-3Tn-3D6uNJNyKcCd-A8uPMxViagyJAR9T87ZmnSdAEPCzp5ljlNYoUNdxJiJqQdBm7b/pubhtml

Aside, the eu/japan FTA doesn't reduce tariffs for cars to zero for several years but what Brexit does do is to remove the UK from the benefits of the EU/Japan deal..

So what benefits do the Sunderland workers get from the Japan/EU deal? Are the EU going to find them new jobs? At ground level there are no obvious benefits.

If the Uk were remaining in the EU its likely that Sunderland would continue operations, in the event of leaving the plant becomes less viable and investing in Japan/Spain gives higher returns.

So what benefits do the Sunderland workers get from the Japan/EU deal? Are the EU going to find them new jobs? At ground level there are no obvious benefits

No, the EU won't, we will no longer be in the EU, so we lose jobs and EU development funding too, you re living in cloud cuckoo land if you think the Govt will replace it at all.

Dept of Trade say the eu/japan deal is worth 3bn per year in increased trade to Japan, thats UK exporters manufacturing and employing uk workers.
The whole idea of the very slow reduction in tariffs was supposed to have avoided the sudden collapse of the UK car industry, giving it time to diversify to electric/new battery technology but of course the internal combustion engine isn't yet dead, these plants could still have had life in them.

Brexit has messed that up.

Brexit may not be the root cause but in a challenging context any added layer of complication will be the nail in the coffin.

Electric cars are not the 'magic' that is going to save the planet.
Widespread use of electric vehicles just shifts the 'dirt' of internal combustion elsewhere. Hydrogen gas to be produces, and the materials used in the various fuel cells need manufacturing.
It would be very interesting to see the proper 'green' credentials of a small car when taking full account to producing the vehicle and then running it for say 25,000 miles over 3 years. Taking something like a 1 litre engined Renault Clio and an electric equivalent.
In many places the existing electricity infrastructure would not be capable of supplying the demand for say an estate of 500 houses all wanting to charge up their electric cars every evening.

Even if you completely deny that this has anything to do with Brexit; can you name any industry which is queuing up to replace these jobs?

What is Brexit going to give us that encourages investment?

Because it’s is a bloody big hurdle to get over in losing frictionless trade - no business who wants access to the EU market is going to invest in the UK in the long term.

It simply doesn’t make sense to do so.

So what are we planning on replacing them with?

lonelyplanetmum

Just looking at a few of the companies on your Brexit job losses list:

Jaguar Land Rover - where did you get 24,800 job losses from?

Survey of 200 travel firms - 25,000 appears to be the estimated number of UK nationals supporting the seasonal holiday industry in the EU - not a job loss figure.

Deutsche Bank 4,000 - far fewer (London based) banking jobs have relocated to Europe due to Brexit than originally forecast - a few hundred for Deutsche Bank is more accurate surely?

Debenhams 4,000 - I thought asset stripping venture capitalists were largely being blamed for Debenhams?

Wilko 4,000 - as far as I can make out, the figure is 1,030 after re-structuring, and not necessarily due to Brexit.

Job losses aren't the point - Brexit was supposed to be bringing a wealth of new opportunities. Where is the list of XX Firm bringing in 5000 jobs to the North East, YY bringing 6000 jobs to the South West, etc.? After three years that list should now be huge.

Clavinova
The referendum in 2016 highlights that the EU does not prevent the UK government from spending 97.3% of the UK's DGP, so over the last 3 years it could have been investing in the NHS, the Northern Powerhouse and a host of other things. It has not done this, it has been playing silly buggers and perpetuating lies.
Hammond says he has a £26 Billion 'war chest' and he plans to use it to kickstart the UK economy. Why didn't he do that 2 years ago? What the hell are the UK gov waiting for?
The UK is supposedly going to be big and bold and retake the world by storm, Why the hell is it hiding under the bed and playing tiddlywinks, which is not a good look and just tells the rest of the world that really the UK has no fucking clue what to do.

Very true, i understood in 2016 that Brexit was for the benefit of the UK, its peoples and its Parliament?

Instead it appears to be of benefit to the Tory party (and the power crazed cons) only.

Shouldn’t that be 99.3% not 97.3%?

If the latest round of elections, Local, EU and now the Peterborough by election are concerned, Brexit does not appear to have brought much benefit to the Tories. Add to that the GE loss in 2017 - which might not just have been a result of May's wooden electoral style, but a symptom of something deeper.

It’s pathetic that the best Leavers can come up with is that the job losses aren’t that bad?

Where are all these Brexit benefits?

Bearbehind

Yes of course. Feeling a bit 'woozy' after commemorating with Europeans that understand what the EU is about.

😆

take the world by storm
That's the plan - looking forward to 'phenomenal' trade deals.

Where are all these Brexit benefits?
We haven't left the EU yet.

I have to go out in a few minutes but a (very) quick look at Humber business news reveals that new jobs are being created;

www.humberbusiness.com/news/scunthorpe

6 June A £120 million investment by Wren Kitchens to massively expand manufacturing facilities could create up to 1,200 jobs on the South Humber Bank.

6 Jun North Lincolnshire firms at the fore in £350m power station preparatory works.

May New Home Bargains store to open in Scunthorpe this weekend after £800,000 investment.

May £4.8b - the economic mileage for the UK in EV batteries as the Humber hots up - Hull's £200 energy park plan.

www.humberbusiness.com/news/4-8b-the-economic-mileage-for/story-12120-detail/story

hahaha clavinova.

You really are a joke.

£200m energy park plan

More - Siemens;
www.hulldailymail.co.uk/news/business/siemens-wants-250-more-staff-2949311

That's the plan - looking forward to 'phenomenal' trade deals.

I’m sure you are but could you give an example of which country and what products you are anticipating?

Also, how any deal will be better than that which we could have negiotated whilst in the EU

We haven't left the EU yet.

Do you honestly think that the second we leave the EU a switch will be flicked and everything will be magically different?

£800,000 investment.

I think that's called scraping the barrel.

So 1200 office jobs will replace 5000 steel workers jobs will they? This is not counting those jobs lost in the supply chains when the steel works go.

You really do struggle Clavinova - you might convince yourself, but I don't think you convince many others.