Post-Brexit Thread

I keep hearing that our leave vote has made the EU realise they cannot continue as they have and they are more open to reform now but damned if i can see any evidence of this at all. There certainly hasn't been anything practical suggested or implemented just negative rhetoric towards the UK which is ironic as that's the very attitude that caused many here to vote leave and is contributing to anti EU feeling in other member states. Like most things controlled by fanatics they will only concede change is needed when the whole house is falling down around them when it will be too late.

As for the "leaked" may comments really isn't an issue and doesn't alter anything but I'm sure some of our media will try to make a huge thing of it because it suits their agenda not any interest of the country or it's people.

[1andrew1]

Indian greenfield investment in UK plunges in 2016
"...Indian companies have announced greenfield investments of $172m from January through August of this year, compared with $917m in the same time period last year. Sixteen projects were unveiled in the first eight months of 2016 versus 29 in the same months in 2015. No investments larger than a modest $40m coming from India to the UK this year have been recorded by fDi Markets.
While it is reasonable to assume that uncertainty over Brexit and the eventual shape of any agreement between Brussels and Westminster could be causing Indian companies to proceed with caution regarding UK investments, it is too soon to know for sure...
Undoubtedly Indian companies, like potential investors everywhere, will be watching what kind of access the UK can retain to European markets. Of the foreign companies investing in the UK who cited a motive, more than 56 per cent specified Europe, or a particular part of Europe, as being the end-market for their investment, according to fDi Markets. Among emerging-market investors, the figure was 58 per cent, compared with 33 per cent who cited the domestic market as the primary driver."
https://www.ft.com/content/bf9c8d9a-...6-568a43813464

---------- Post added at 11:37 ---------- Previous post was at 11:12 ----------

Brexit will not cause UK trade 'disruption' - WTO boss
"The head of the World Trade Organisation has vowed to ensure Britain will not face a trade "vacuum or a disruption", however tough its exit from the European Union.

Roberto Azevedo said that he did not believe the Brexit vote was "anti-trade" and dismissed fears that Britain could suffer a sudden seizure of trade during or after its negotiations with the EU."
http://news.sky.com/story/brexit-wil...-boss-10632803

[pip08456]

Also from the interview.

"The UK is a member of the WTO today, it will continue to be a member tomorrow. There will be no discontinuity in membership.

They have to renegotiate (their terms of membership) but that doesn't mean they are not members.

Trade will not stop, it will continue and members negotiate the legal basis under which that trade is going to happen. But it doesn't mean that we'll have a vacuum or a disruption."

That's part of Ignition's doom and gloom forecast put to bed.

[papa smurf]

EU DICTATORSHIP? Court ruling could allow Brussels to IGNORE nations in future trade deals


If the court rules in favour of the bloc it sets a precedent Eurocrats would hold all the cards in future trade arrangements, potentially allowing them to ride roughshod over the desires of their constituents.

http://www.express.co.uk/news/politi...Belgium-Canada

---------- Post added at 18:58 ---------- Previous post was at 18:53 ----------

Originally Posted by pip08456

Also from the interview.

"The UK is a member of the WTO today, it will continue to be a member tomorrow. There will be no discontinuity in membership.

They have to renegotiate (their terms of membership) but that doesn't mean they are not members.

Trade will not stop, it will continue and members negotiate the legal basis under which that trade is going to happen. But it doesn't mean that we'll have a vacuum or a disruption."

That's part of Ignition's doom and gloom forecast put to bed.

he's probably hovering on the edge of doom waiting for some thing to report [i hope its got a graph ]

[jonbxx]

Originally Posted by papa smurf

EU DICTATORSHIP? Court ruling could allow Brussels to IGNORE nations in future trade deals


If the court rules in favour of the bloc it sets a precedent Eurocrats would hold all the cards in future trade arrangements, potentially allowing them to ride roughshod over the desires of their constituents.

http://www.express.co.uk/news/politi...Belgium-Canada[COLOR="Silver"]

Classic headline vs. text here....

If the judge rules in the EU’s favour similar deals in future can be exclusively decided upon by representatives of the 28 EU member states, as opposed to 40 independent legislative bodies, allowing Eurocrats to circumvent the will of the people.

Our European Council member, our 'Eurocrat'? One Theresa May

Never let the facts get in the way of a good story, eh?

However the reality isn't very much nicer than the Express' own claims, inaccurate as they are. We may snigger at the Walloons and point out how it exemplifies the drawbacks of 28 different nation states being unable to reach any trade deal with a third party until they all agree, but that, for better or worse, is how it is because the Belgian constitution says so. If the ECJ starts ruling that national constitutions are at odds with the EU treaties, then we really are on our way down the rabbit hole.

https://www.ft.com/content/0a578347-...4-06ff4826fbe7

Nissan will build the next generation of its Qashqai SUV at its Sunderland plant, the company will announce on Thursday.

The move is a major vote of confidence in the UK following the Brexit result and one that will spark hope that other car makers with investment decisions coming up will choose to locate their work in Britain.

The decision, the first major investment decision by an international car maker since the vote in June, was made following assurances from the Prime Minister to Nissan chief executive Carlos Ghosn that the company would be shielded from the impact of the decision to leave the EU.

Good news for Sunderland.

[1andrew1]

Originally Posted by jonbxx

Classic headline vs. text here....

There seem to be many balanced articles in the press about Brexit but the headline writers choose an extreme headline that doesn't reflect the content. The FT, known for its impartiality as businessmen require hard facts and not opinions has been guilty of this too.

---------- Post added at 11:14 ---------- Previous post was at 11:14 ----------

Originally Posted by Damien

https://www.ft.com/content/0a578347-...4-06ff4826fbe7

Good news for Sunderland.

Really pleased to read this.

[heero_yuy]

The UK economy grew 0.5 per cent in the third quarter of 2016, exceeding forecasts and defying Treasury warnings that a vote to leave the EU would spark an immediate recession.

Although growth in the three months from July to September was slower than the 0.7 per cent in the second quarter, it was much stronger than many economists had expected. The most recent average forecast was 0.3 per cent.

Philip Hammond, the chancellor, welcomed the news, saying: “The fundamentals of the UK economy are strong, and today’s data show that the economy is resilient.”

Linky

More good news though the growth was mostly in services. It seems that pre-Brexit, companies did a lot of extra trade which reflects in the small apparent contraction post-Brexit. It'll be interesting to see the next quarter once the pre / post dust has settled and worked it's way out of the data.

[1andrew1]

Looks like the EU-Canada will go ahead.

"Europe’s stalled trade deal with Canada pulled back from the brink of collapse after regional leaders in Belgium who have refused to allow the country’s government to sign the pact reached a political agreement to support it."
https://www.ft.com/content/b99e162d-...4-07c4ba010a26

So good news to pro-EUers who can point to the EU's ability to free strike trade deals. It already has the most free trade deals of any other trading bloc or country so this is actually a strength of the EU. https://en.wikipedia.org/wiki/Europe...ade_agreements

And good news for anti-EUers who can feel more confident that a deal can be struck with the EU.

[tweetiepooh]

Shame on the Wallonians(sp!) for pulling back. The deal is one of those that in theory would allow companies to sue governments for legislation harmful to their business.

[papa smurf]

Originally Posted by 1andrew1

Looks like the EU-Canada will go ahead.

"Europe’s stalled trade deal with Canada pulled back from the brink of collapse after regional leaders in Belgium who have refused to allow the country’s government to sign the pact reached a political agreement to support it."
https://www.ft.com/content/b99e162d-...4-07c4ba010a26

So good news to pro-EUers who can point to the EU's ability to free strike trade deals. It already has the most free trade deals of any other trading bloc or country so this is actually a strength of the EU. https://en.wikipedia.org/wiki/Europe...ade_agreements

And good news for anti-EUers who can feel more confident that a deal can be struck with the EU.

they where probably bullied into it that's how the EU works

---------- Post added at 17:10 ---------- Previous post was at 16:53 ----------

Nissan to make new car models in UK as economy defies Brexit fears



Nissan will build the next Qashqai and X-Trail models at its Sunderland factory, safeguarding more than 7,000 jobs, in the first major investment decision in the car industry since the Brexit vote.

https://www.theguardian.com/business...els-in-britain

Originally Posted by Damien

https://www.ft.com/content/0a578347-...4-06ff4826fbe7



Good news for Sunderland.

seems the doom and gloom headlines are falling like dominoes

More of the doom and gloom will disappear in the coming years as things are looked at more objectively and practicality replaces knee jerkism, things are certainly more positive outside of the media.

Nissan will also be upgrading their plant to become a "super plant" manufacturing 600,000 vehicles a year .