With the prospect of a 'hard' Brexit the car companies are looking a little less relaxed.
http://uk.reuters.com/article/uk-aut...KCN11Z1YQ?il=0
Quote:
Nissan wants Britain to pledge compensation for any tax barriers resulting from its decision to leave the European Union, or the Japanese automaker could scrap a potential new investment in the country's biggest car plant, its CEO said on Thursday.
Carlos Ghosn's remarks indicate growing concern among global carmakers that Britain could be heading towards a so-called 'hard Brexit', which would leave them paying tariffs to export UK-assembled cars to EU markets.
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We can't simply pay them with any reciprocal tariffs, that's disallowed under WTO rules.
Nissan, especially, are probably feeling pretty butthurt. They were invited and persuaded here by Thatcher in the 80s.
Be good to see them, and the rest of us, getting some clarity on what HMG have in mind.