Another project fear story that is actually happening.
$71 billion Japanese giant Panasonic is pulling its European headquarters out of the UK — and Brexit is to blame. Panasonic's announcement follows a warning from the Japanese business lobby that companies are "seriously concerned" about continuing Brexit uncertainty.
Yup, it is happening - but that's a little misleading, to be fair.
Panasonic's "London HQ" is actually just an accounting office, based in London for regulatory reasons. It employs 30 staff, of whom 10 may lose their jobs.
Couldn't disagree with your comment, but expert opinion is that many others may follow. Is it the first step to moving their whole operations to Europe. Many of the foreign companies that are based in the UK, did so to access the 500 million European customers rather than just the UK.
Impact on jobs is small. Bigger issue here is regulatory drift. Once upon a time firms would have been whispering into ears in London. Now it's straight to Brussels. https://www. bbc.co.uk/news/amp/busin ess-45351288?__twitter_impression=true …
Panasonic to move Europe headquarters from UK to Amsterdam The Japanese electronics giant says the move to Amsterdam aims to avoid potential tax issues after Brexit. bbc.co.uk
Foreign investors ditch UK bonds over hard Brexit fears
Overseas investors sold off a record £17.2 billion in UK government bonds last month as political turmoil sparked hard Brexit fears, Bank of England figures showed on Thursday.
A View From the Top: Ian Wright, chief executive of the Food and Drink Federation on the Brexit threat.
He notes that farmers and growers are already struggling to employ enough workers to pick soft fruit during the harvest. “Normally there are 80,000 workers who come in every year to do the harvest, but last year 60,000 came because of currency and better jobs in Germany and Poland,” Wright says. Two things happened: food prices rose and a fairly large proportion of the crop was left in the ground. This year, farmers planted fewer crops and the numbers of migrant fruit pickers able to get in for the harvest dropped to 50,000.
Finally, Wright rubbishes the notion that food prices will be lower after Brexit. “This notion that Brexit will lead to lower food prices is total tosh,” he says. “Anyone who said that doesn’t understand the food supply chain.”
Your Argument to remain is very "Haysie" years of decline said leave.
I am being completely serious, not taking the mickey, or trying to embarrass you, but as a leave voter, forgetting about the rhetoric, could you name one aspect of your life that you expect to improve after we leave?
Another project fear story that is actually happening.
$71 billion Japanese giant Panasonic is pulling its European headquarters out of the UK — and Brexit is to blame. Panasonic's announcement follows a warning from the Japanese business lobby that companies are "seriously concerned" about continuing Brexit uncertainty.
Yup, it is happening - but that's a little misleading, to be fair.
Panasonic's "London HQ" is actually just an accounting office, based in London for regulatory reasons. It employs 30 staff, of whom 10 may lose their jobs.
Not quite as misleading as the claims made on the side of a very famous bus.
Brexit could sway Scottish voters toward independence from UK: poll
The poll showed that if Britain leaves the EU as planned, 47 percent of Scots would vote for independence at another referendum on Scotland's future. That compared to 43 percent who would vote against independence and 10 percent who did not know how they would vote. If Britain remained inside the EU and a Scottish independence referendum were held, the poll showed opinions were reversed, with 43 percent backing Scottish independence under those circumstances, compared to 47 who were against it.
European businesses advised to avoid using British parts ahead of Brexit
The car industry fears a "catastrophe" as the EU warns exporters they may lose free trade access if they use UK parts post-Brexit.
The advice says: "Brexit will have consequences for exports outside the EU.
In order to qualify for EU free trade deals, a certain proportion, typically 55% of a product's parts, needs to come from the EU. The Dutch government says UK parts "no longer count towards EU origin" in its official "Brexit impact scan" advice to Dutch businesses.
"As of withdrawal date, the UK becomes a third country. UK inputs are considered 'non-originating'," it says.
A leading car industry executive told Sky News that not using UK parts for EU exports would be a "catastrophe" for the British industry.
"The hard Brexiteers have built a bomb under the UK automotive industry and the EU have lit it," said one chief executive.
Sky News has also heard of major UK automotive suppliers now ceasing UK supply of major components to cars for export to countries currently covered by EU Free Trade Areas - countries such as South Korea, South Africa and Canada.
The EU's chief negotiator has delivered his most withering condemnation yet of Theresa May's Brexit proposals, as he insisted accepting the plan would spell the "end" for the European project.
The European Commission official also delivered a chilling warning for the UK car industry over its future after Brexit.
Adding to concerns over the post-Brexit prospects of the UK car industry, Mr Barnier claimed EU firms must be prepared to disregard British manufacturers once the UK has departed the bloc, in order to preserve other trade agreements signed by Brussels.
"In order for EU carmakers to benefit from the tariff benefits of the EU-Korea agreement, only a certain proportion of the services may be provided in a car in a third country," he said. "Businesses have to be careful not to use too many parts of Britain in their vehicles in the future."
Highlighting how the EU is already demanding €2bn (£1.8bn) from the UK for failing to crack down on customs fraud by Chinese clothing importers, he said: "We cannot relinquish control of our external borders and the revenue there to a third country - that's not legal."
Sterling plunges vs euro as Brexit fears take centre-stage
LONDON (Reuters) - The British pound was set on Monday for its biggest daily drop against the euro in more than three months as concerns grew about the progress of Brexit negotiations
Your Argument to remain is very "Haysie" years of decline said leave.
I am being completely serious, not taking the mickey, or trying to embarrass you, but as a leave voter, forgetting about the rhetoric, could you name one aspect of your life that you expect to improve after we leave?
Your Argument to remain is very "Haysie" years of decline said leave.
I am being completely serious, not taking the mickey, or trying to embarrass you, but as a leave voter, forgetting about the rhetoric, could you name one aspect of your life that you expect to improve after we leave?
One marooned ship exposes the Brexiteers’ phoney claims
Brexiteers make cunning use of the emotional tug of our seafaring history, but the global freedoms they promise threaten to be merely for employers to take more control over pay and conditions.
Economy is already 2pc smaller than it would be without Brexit, says UBS
The economy is already 2pc smaller than it would have been without a vote for Brexit, according to research by UBS released on Monday. The bank’s calculations also estimate that investment is 4pc lower and consumption 1.7pc down. The research predicts that the real effective sterling exchange rate, or the value of the pound in terms of other currencies and relative to the price of goods, is 12pc depreciated.
Comments
Is it the first step to moving their whole operations to Europe.
Many of the foreign companies that are based in the UK, did so to access the 500 million European customers rather than just the UK.
Ian Dunt
✔
@IanDunt
· 22h
Impact on jobs is small. Bigger issue here is regulatory drift. Once upon a time firms would have been whispering into ears in London. Now it's straight to Brussels.
https://www.
bbc.co.uk/news/amp/busin
ess-45351288?__twitter_impression=true
…
Panasonic to move Europe headquarters from UK to Amsterdam
The Japanese electronics giant says the move to Amsterdam aims to avoid potential tax issues after Brexit.
bbc.co.uk
Ian Dunt
✔
@IanDunt
In terms of trade, access to talent, and regulatory influence, we're relegating ourselves to the second division.
https://uk.finance.yahoo.com/news/one-third-uk-companies-brexit-235706295.html
Overseas investors sold off a record £17.2 billion in UK government bonds last month as political turmoil sparked hard Brexit fears, Bank of England figures showed on Thursday.
https://uk.finance.yahoo.com/news/foreign-investors-ditch-uk-bonds-113700370.html
https://uk.finance.yahoo.com/news/pound-sterling-slips-michel-barnier-093100136.html
He notes that farmers and growers are already struggling to employ enough workers to pick soft fruit during the harvest.
“Normally there are 80,000 workers who come in every year to do the harvest, but last year 60,000 came because of currency and better jobs in Germany and Poland,” Wright says.
Two things happened: food prices rose and a fairly large proportion of the crop was left in the ground. This year, farmers planted fewer crops and the numbers of migrant fruit pickers able to get in for the harvest dropped to 50,000.
Finally, Wright rubbishes the notion that food prices will be lower after Brexit. “This notion that Brexit will lead to lower food prices is total tosh,” he says. “Anyone who said that doesn’t understand the food supply chain.”
https://uk.finance.yahoo.com/news/view-top-ian-wright-chief-091848539.html
Which we could have had anyway.
The poll showed that if Britain leaves the EU as planned, 47 percent of Scots would vote for independence at another referendum on Scotland's future. That compared to 43 percent who would vote against independence and 10 percent who did not know how they would vote.
If Britain remained inside the EU and a Scottish independence referendum were held, the poll showed opinions were reversed, with 43 percent backing Scottish independence under those circumstances, compared to 47 who were against it.
The car industry fears a "catastrophe" as the EU warns exporters they may lose free trade access if they use UK parts post-Brexit.
The advice says: "Brexit will have consequences for exports outside the EU.
In order to qualify for EU free trade deals, a certain proportion, typically 55% of a product's parts, needs to come from the EU.
The Dutch government says UK parts "no longer count towards EU origin" in its official "Brexit impact scan" advice to Dutch businesses.
"As of withdrawal date, the UK becomes a third country. UK inputs are considered 'non-originating'," it says.
A leading car industry executive told Sky News that not using UK parts for EU exports would be a "catastrophe" for the British industry.
"The hard Brexiteers have built a bomb under the UK automotive industry and the EU have lit it," said one chief executive.
Sky News has also heard of major UK automotive suppliers now ceasing UK supply of major components to cars for export to countries currently covered by EU Free Trade Areas - countries such as South Korea, South Africa and Canada.
https://news.sky.com/story/european-businesses-advised-to-avoid-using-british-parts-ahead-of-brexit-11395908
The EU's chief negotiator has delivered his most withering condemnation yet of Theresa May's Brexit proposals, as he insisted accepting the plan would spell the "end" for the European project.
The European Commission official also delivered a chilling warning for the UK car industry over its future after Brexit.
Adding to concerns over the post-Brexit prospects of the UK car industry, Mr Barnier claimed EU firms must be prepared to disregard British manufacturers once the UK has departed the bloc, in order to preserve other trade agreements signed by Brussels.
"In order for EU carmakers to benefit from the tariff benefits of the EU-Korea agreement, only a certain proportion of the services may be provided in a car in a third country," he said.
"Businesses have to be careful not to use too many parts of Britain in their vehicles in the future."
Highlighting how the EU is already demanding €2bn (£1.8bn) from the UK for failing to crack down on customs fraud by Chinese clothing importers, he said: "We cannot relinquish control of our external borders and the revenue there to a third country - that's not legal."
https://www.msn.com/en-gb/news/uknews/barnier-trashes-pms-brexit-plan-as-end-for-eu/ar-BBMLOaF?ocid=spartanntp
LONDON (Reuters) - The British pound was set on Monday for its biggest daily drop against the euro in more than three months as concerns grew about the progress of Brexit negotiations
https://uk.finance.yahoo.com/news/brexit-progress-fears-drive-drop-sterling-against-euro-133349225--finance.html
You’re not normally shy
Brexiteers make cunning use of the emotional tug of our seafaring history, but the global freedoms they promise threaten to be merely for employers to take more control over pay and conditions.
https://www.msn.com/en-gb/news/uknews/one-marooned-ship-exposes-the-brexiteers’-phoney-claims/ar-BBMQyVn?ocid=spartandhp
The economy is already 2pc smaller than it would have been without a vote for Brexit, according to research by UBS released on Monday.
The bank’s calculations also estimate that investment is 4pc lower and consumption 1.7pc down.
The research predicts that the real effective sterling exchange rate, or the value of the pound in terms of other currencies and relative to the price of goods, is 12pc depreciated.
https://uk.finance.yahoo.com/news/economic-growth-already-2pc-lower-172133806.html
Preparing for Brexit will cost US pharmaceuticals giant Pfizer around $100 million (£78 million), it has emerged.
https://uk.finance.yahoo.com/news/pfizer-says-getting-ready-brexit-101200629.html
The GMB union, which represents 639,000 workers, has come out in support for a referendum on the final Brexit deal.
https://uk.finance.yahoo.com/news/gmb-union-backs-referendum-final-160000283.html