Appropriately, given the recurrent and (in the opinion of many - remember this? The Brexit Blog: The German car industry and Brexit) unwarranted optimism about the UK car industry saving jobs post-Brexit, this is the first thread.
.. First Brexit Forensics is about to debut on All Out Politics - Car industry— Faisal Islam (@faisalislam) 18 September 2017
Click on this link to read the full thread.
There will probably be comments from RuTrolls and bigots. Ignore them.
A longer version exists:
Several points worth going into on this latter thread:done #LongRead 2 for #brexitforensics launch— Faisal Islam (@faisalislam) 18 September 2017
Car industry worried: Customs conundrum cant be solved "just-in-time": https://t.co/tpAxkAbupk
- Manufacturing across several countries doesn't just involve queues at Customs and filling in a few forms, while hoping you won't be refused entry. There are also complex tax issues, including VAT. This is part of what is meant by by the UK being a "gateway to Europe" for many businesses.
- 50% increase in stocks is massive: it means money is tied up in inventories rather than being reinvested in the future of the company.
- The chances of May successfully lobbying the EU for anything unless Brexit is cancelled are pretty damn remote, but it does give us an idea of what the UK is in for under her rule.
