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Solasch
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03-06-2020, 05:25 PM
21

Re: This will have to hurt

Originally Posted by Bread ->
Well, here are a few more answers.

1. Nissan do not make the cars in the Sunderland plant in Spain so it would have to build a new factory in 6 months to do it and employ another 7000 people, plus supply chains etc etc. You still haven't answered how this can be done.

2. Spain has 25% corporation tax compared to the UK's 19% so making cars in Spain would be already a 6% extra hit on Nissan profits in Spain compared to here.

3. VAT is 1% higher in Spain than the UK so that's another 1% hit to Nissans taxes. Bearing in mind the UK will not be paying 5% EU vat from 31st December so this can be reduced, saving Nissan a further 5% in taxation.

4. Indonesia is not in the EU and already has a MFN 10% tariff applied to imports (or 6.5% in the case of Indonesia as it is a "preferred" country under the GSP rules).

5. Indonesia has a corporation tax rate 6% higher than the UK

6. The UK has better working rights than the EU - we have, for example, free health care for all employees, a minimum/living wage, more holidays, maternity and paternity pay, a contract for all employees that is legally binding including redundancy notices, we have sick pay etc etc etc

7. Tarrifs are passed on to the consumer anyway

So ....

How (and why) is Nissan moving to the EU before the end of the year. You still haven't answered my question.

1. But it does in indonesia. The nissan market is in decline.

2. 10% added in tariffs in case you don't get a deal with the EU makes the UK product 4% more expensive.

3. In spain vat on automotives is lower.

4. Car production is played on a world scale. Up your thinking.

5. And a production cost in labour 23% lower than UK.

6. All based on EU directives, and years later than other EU countries introduced them. That is why the EU wants to keep you level playing. If you had higher standards there would be no issue.

7. That's makes reducing costs all the more essential

So nissan doesn't need to move, just to close down another plant than previously envisaged.
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03-06-2020, 06:15 PM
22

Re: This will have to hurt

Originally Posted by Solasch ->
1. But it does in indonesia. The nissan market is in decline.

2. 10% added in tariffs in case you don't get a deal with the EU makes the UK product 4% more expensive.

3. In spain vat on automotives is lower.

4. Car production is played on a world scale. Up your thinking.

5. And a production cost in labour 23% lower than UK.

6. All based on EU directives, and years later than other EU countries introduced them. That is why the EU wants to keep you level playing. If you had higher standards there would be no issue.

7. That's makes reducing costs all the more essential

So nissan doesn't need to move, just to close down another plant than previously envisaged.

Once again you don't read things properly and your post makes no sense at all
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04-06-2020, 09:45 AM
23

Re: This will have to hurt

Originally Posted by Tregonsee ->
Can't read whole article.
Certainly not paying for it.
It seems to be about this Indian Car Company attempting to get 1 Billion, plus, out of the UK, as part of the UK Corvid bale out packages.

Maybe the UK workers do need to be protected but I wonder how much of that Billion would be spent on that.

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04-06-2020, 12:24 PM
24

Re: This will have to hurt

Originally Posted by Tedc ->
It seems to be about this Indian Car Company attempting to get 1 Billion, plus, out of the UK, as part of the UK Corvid bale out packages.

Maybe the UK workers do need to be protected but I wonder how much of that Billion would be spent on that.

But if they don't get that loan, they'll leave. Where is the gain for british workers in that?
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04-06-2020, 12:45 PM
25

Re: This will have to hurt

Originally Posted by Solasch ->
But if they don't get that loan, they'll leave. Where is the gain for british workers in that?
Where are they going to go then ? Somewhere that gives them a billion quid ?
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04-06-2020, 02:09 PM
26

Re: This will have to hurt

Originally Posted by Judd ->
Another name in the EU coffin

https://order-order.com/2020/05/28/n...at-sunderland/
A very welcome proposal.

Clearly, we are likely to benefit on several counts by leaving the EU, and foreign-owned businesses can see the advantages of moving their assets to the UK.

What we must now do is avoid falling into the trap of allowing unions to destroy our developing industries, like they did in the 1970s. We must now show that we can work together for the common good and compete with other countries.
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05-06-2020, 12:07 AM
27

Re: This will have to hurt

Originally Posted by Bread ->
Where are they going to go then ? Somewhere that gives them a billion quid ?
I'm sure that if the british government donates a bn £ to the coffers of nissan bosses, the sunderland plant stays. But will they be able to cough up that much money?
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05-06-2020, 12:09 AM
28

Re: This will have to hurt

Originally Posted by JBR ->
A very welcome proposal.

Clearly, we are likely to benefit on several counts by leaving the EU, and foreign-owned businesses can see the advantages of moving their assets to the UK.

What we must now do is avoid falling into the trap of allowing unions to destroy our developing industries, like they did in the 1970s. We must now show that we can work together for the common good and compete with other countries.
A very wise contribution to the discussion, showing economic insight. Thank you jbr.
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05-06-2020, 12:16 AM
29

Re: This will have to hurt

Originally Posted by Solasch ->
I'm sure that if the british government donates a bn £ to the coffers of nissan bosses, the sunderland plant stays. But will they be able to cough up that much money?
Don't be silly.
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Solasch
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05-06-2020, 12:48 AM
30

Re: This will have to hurt

Originally Posted by Bread ->
Don't be silly.
Then kiss the sunderland plant goodbye.
 
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