Northern Ireland employers 'could be forced to relocate' after Brexit
A key Northern Ireland business group has warned that the findings of the Migration Advisory Committee, which urge the UK to drastically limit the post-Brexit immigration of low-skilled workers, could force employers to relocate to the Republic of Ireland.
“There is a danger that NI employers could be forced to relocate to the Republic of Ireland to maintain their competitive advantage if the already tight local labour supply is further restricted,” the CBI said in a statement. The agricultural and food processing sectors, which rely on low-skilled workers, employ around 70,000 people in Northern Ireland.
Brexit leads businesses to pick Dublin ahead of London, says property developer
Many businesses are choosing to expand in Dublin rather than London ahead of Brexit, Irish property developer Green Reit said on Tuesday. The firm referred to the potential “expansion opportunities” from Britain’s vote to leave the EU in its results for the year to June where profits rose 11%. Chief executive Pat Gunne told the Standard: “There has been a substantial increase in office take-up since the Brexit referendum. A number of companies see Dublin as a good alternative to London when they are expanding, given the access to EU passporting rights.” Several UK businesses want to retain tariff-free access to the bloc’s states. Firms that have this year announced plans to move jobs to the Irish capital ahead of Brexit include Bank of America Merrill Lynch.
A big engineering firm 'Brexit-proofed' itself by reducing UK jobs and expanding in Prague
On paper, Ricardo (RCDO.L) should be freaking out about Brexit. After all, it is an engineering and environmental group that employs over 2,900 engineers, scientists, and consultants across the world and thrives in cross border trade since it’s London-listed. However, the group’s CEO David Shemmans told Yahoo Finance UK that since the company’s customer base is “well-split” and it has taken a number of steps in advance to make sure it mitigates as much fallout from Britain leaving the European Union next March, company-wise it’s pretty “Brexit-proof”. “From a company perspective, we’ve had quite a few initiatives to safeguard ourselves in every eventuality,” said Shemmans. “That includes securing bids from the European Commission and deliberately servicing those from our European offices and increasing headcount in Prague (Czech Republic) and reducing headcount in the UK.
BMW to shut UK plant for at least a month on day of Brexit
Carmaker BMW is bringing a planned shutdown of its Oxford plant forward to begin on the same day the UK leaves the EU, in a bid to minimise the potential disruption a no-deal Brexit would create, the company said on Tuesday. BMW said in a statement that it would move the shutdown, which will last several weeks, to coincide with Brexit in order to minimise any disruption risks in the event that no exit deal is agreed. The Oxford plant is the site where the Mini is produced.
No-deal Brexit would cost Honda tens of millions of pounds, car maker warns
A no-deal Brexit would cost Honda tens of millions of pounds and make it more difficult to bring necessary parts from Europe into the UK, the car maker has warned.
Haysie-I share most of your views about Brexit, but you are in danger of going too far. Your last 3 posts in reality are:-
1. Irish Property guy getting free advertising claiming the Irish Property market is booming 2. Yet another Engineering firm transfers jobs to the Czech Republic to avoid paying Minimum Wage (heard loads of excuses for this over many years) 3. German car-maker seeks excuse to look at transferring jobs. Japanese car maker seeks bigger subsidy
Not saying Brexit won't cost jobs, but many will just be Companies taking advantage....
On a slightly different tack, I can quite understand why the Governor of the Bank of England might PRIVATELY advise about the perils of Brexit, but why on earth does he make all of his thoughts public? As an example, house price slump now guaranteed due to his flappy gums....
Haysie-I share most of your views about Brexit, but you are in danger of going too far. Your last 3 posts in reality are:-
1. Irish Property guy getting free advertising claiming the Irish Property market is booming 2. Yet another Engineering firm transfers jobs to the Czech Republic to avoid paying Minimum Wage (heard loads of excuses for this over many years) 3. German car-maker seeks excuse to look at transferring jobs. Japanese car maker seeks bigger subsidy
Not saying Brexit won't cost jobs, but many will just be Companies taking advantage....
You don't think that many companies may see that relocating to Europe is a sensible move then.
On a slightly different tack, I can quite understand why the Governor of the Bank of England might PRIVATELY advise about the perils of Brexit, but why on earth does he make all of his thoughts public? As an example, house price slump now guaranteed due to his flappy gums....
I am not sure he did. They sneaked him in and out of the back door of number 10, without the press knowing. Maybe his comments were made public by the very leaky, sieve like, Cabinet.
Haysie-I share most of your views about Brexit, but you are in danger of going too far. Your last 3 posts in reality are:-
1. Irish Property guy getting free advertising claiming the Irish Property market is booming 2. Yet another Engineering firm transfers jobs to the Czech Republic to avoid paying Minimum Wage (heard loads of excuses for this over many years) 3. German car-maker seeks excuse to look at transferring jobs. Japanese car maker seeks bigger subsidy
Not saying Brexit won't cost jobs, but many will just be Companies taking advantage....
The amount of regulation applicable to the car industry was not advertised pre referendum. Nor the fact that some of these plants are currently getting 350 lorries per day, delivering just in time parts.
Rule out 'no deal' Brexit, UK car industry warns in Brussels
BRUSSELS/LONDON (Reuters) - London and Brussels should rule out a 'no deal' Brexit, which could add at least 5.7 billion euros (£5.1 billion) in car tariffs and snarl up production, Britain's automotive industry body warned on Wednesday. Carmakers are worried that port and motorway hold-ups could slow the movement of components and finished models, crippling output and adding costs, if Britain fails to reach agreement with the European Union over its departure from the bloc on March 29.
No-deal Brexit to fuel £1,500 rise in cost of EU car in UK, says motor trade
The average cost of a car from an EU country could rise by £1,500 in the event of a no-deal Brexit, the UK’s automotive trade body has predicted. The Society of Motor Manufacturers and Traders warned that leaving without a deal was “not an option” for the automotive sector, which supports more than 800,000 jobs in the UK.
Sir Vince Cable: Brexit not inevitable and must be stopped
"Brexit is not inevitable - it can and it must be stopped," Sir Vince Cable has told his party's annual conference. The Lib Dem leader said 29 March next year - the date the UK is set to leave the EU - was "only a maybe". He claimed there was a growing realisation that Brexit will be "costly and painful", particularly in a no-deal scenario.
A phrase that is new to me was coined yesterday, there may now be a "Blind Brexit". This refers to the fact that some experts now believe that we will get the Withdrawal Agreement agreed and signed, including just a broad outline about our future trading relationship, with the detail to be decided at some point in the future.
Comments
Maybe NASA should have held a referendum on how best to sort out the space shuttle after the Challenger disaster.
A key Northern Ireland business group has warned that the findings of the Migration Advisory Committee, which urge the UK to drastically limit the post-Brexit immigration of low-skilled workers, could force employers to relocate to the Republic of Ireland.
“There is a danger that NI employers could be forced to relocate to the Republic of Ireland to maintain their competitive advantage if the already tight local labour supply is further restricted,” the CBI said in a statement.
The agricultural and food processing sectors, which rely on low-skilled workers, employ around 70,000 people in Northern Ireland.
https://uk.finance.yahoo.com/news/northern-ireland-employers-forced-relocate-brexit-152246315.html
Many businesses are choosing to expand in Dublin rather than London ahead of Brexit, Irish property developer Green Reit said on Tuesday.
The firm referred to the potential “expansion opportunities” from Britain’s vote to leave the EU in its results for the year to June where profits rose 11%.
Chief executive Pat Gunne told the Standard: “There has been a substantial increase in office take-up since the Brexit referendum. A number of companies see Dublin as a good alternative to London when they are expanding, given the access to EU passporting rights.”
Several UK businesses want to retain tariff-free access to the bloc’s states. Firms that have this year announced plans to move jobs to the Irish capital ahead of Brexit include Bank of America Merrill Lynch.
https://uk.finance.yahoo.com/news/brexit-leads-businesses-pick-dublin-105600290.html
On paper, Ricardo (RCDO.L) should be freaking out about Brexit. After all, it is an engineering and environmental group that employs over 2,900 engineers, scientists, and consultants across the world and thrives in cross border trade since it’s London-listed.
However, the group’s CEO David Shemmans told Yahoo Finance UK that since the company’s customer base is “well-split” and it has taken a number of steps in advance to make sure it mitigates as much fallout from Britain leaving the European Union next March, company-wise it’s pretty “Brexit-proof”.
“From a company perspective, we’ve had quite a few initiatives to safeguard ourselves in every eventuality,” said Shemmans. “That includes securing bids from the European Commission and deliberately servicing those from our European offices and increasing headcount in Prague (Czech Republic) and reducing headcount in the UK.
https://uk.finance.yahoo.com/news/big-engineering-firm-brexit-proofed-reducing-uk-jobs-expanding-prague-094352661.html
Carmaker BMW is bringing a planned shutdown of its Oxford plant forward to begin on the same day the UK leaves the EU, in a bid to minimise the potential disruption a no-deal Brexit would create, the company said on Tuesday.
BMW said in a statement that it would move the shutdown, which will last several weeks, to coincide with Brexit in order to minimise any disruption risks in the event that no exit deal is agreed. The Oxford plant is the site where the Mini is produced.
https://uk.finance.yahoo.com/news/bmw-shut-uk-plant-day-122100951.html
A no-deal Brexit would cost Honda tens of millions of pounds and make it more difficult to bring necessary parts from Europe into the UK, the car maker has warned.
https://uk.finance.yahoo.com/news/no-deal-brexit-cost-honda-084200130.html
1. Irish Property guy getting free advertising claiming the Irish Property market is booming
2. Yet another Engineering firm transfers jobs to the Czech Republic to avoid paying Minimum Wage (heard loads of excuses for this over many years)
3. German car-maker seeks excuse to look at transferring jobs. Japanese car maker seeks bigger subsidy
Not saying Brexit won't cost jobs, but many will just be Companies taking advantage....
As an example, house price slump now guaranteed due to his flappy gums....
Maybe his comments were made public by the very leaky, sieve like, Cabinet.
Nor the fact that some of these plants are currently getting 350 lorries per day, delivering just in time parts.
BRUSSELS/LONDON (Reuters) - London and Brussels should rule out a 'no deal' Brexit, which could add at least 5.7 billion euros (£5.1 billion) in car tariffs and snarl up production, Britain's automotive industry body warned on Wednesday.
Carmakers are worried that port and motorway hold-ups could slow the movement of components and finished models, crippling output and adding costs, if Britain fails to reach agreement with the European Union over its departure from the bloc on March 29.
https://uk.finance.yahoo.com/news/rule-no-deal-brexit-uk-car-industry-warns-070312543--finance.html
The average cost of a car from an EU country could rise by £1,500 in the event of a no-deal Brexit, the UK’s automotive trade body has predicted.
The Society of Motor Manufacturers and Traders warned that leaving without a deal was “not an option” for the automotive sector, which supports more than 800,000 jobs in the UK.
https://uk.finance.yahoo.com/news/no-deal-brexit-fuel-1-070011085.html
"Brexit is not inevitable - it can and it must be stopped," Sir Vince Cable has told his party's annual conference.
The Lib Dem leader said 29 March next year - the date the UK is set to leave the EU - was "only a maybe".
He claimed there was a growing realisation that Brexit will be "costly and painful", particularly in a no-deal scenario.
https://www.bbc.co.uk/news/uk-politics-45553411
MPs will have "multiple" opportunities to give the public the final say over whether the UK leaves the EU, the People's Vote campaign group has said.
https://www.bbc.co.uk/news/uk-politics-45566204
This refers to the fact that some experts now believe that we will get the Withdrawal Agreement agreed and signed, including just a broad outline about our future trading relationship, with the detail to be decided at some point in the future.