Re: Post-Brexit Thread
 

UK seeking tariff-free EU deal for carmakers says Business secretary Greg Clark.

https://www.theguardian.com/business...xit-sunderland

Re: Post-Brexit Thread
 

There's an interesting comment made after that article:
"There were only 3 options that could have swayed Nissan's management.
1. The government told them they had no plans to invoke Article 50
2. The government told them that they are going to negotiate a deal to have full access to the single Market.
3. The government told them that they would subsidise Nissan's Brexit costs.

1 was unlikely, 3 would have cost the UK too much, would probably have breached WTO rules and would have opened the floodgates to all the other manufacturers in the same position.

So we now end up with 2. the only affordable option but the one which is truly ludicrous if you are a Brexit supporter. So we negotiate a trade deal with the EU that keeps us in the Single Market and the Customs Union. How hilarious, any immigration controls will be a gloss on the existing arrangements, we will pay for access and we no longer have any say whatsoever in the regulations UK businesses have to comply with to sell into the EU."

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Why do we have to be in the single market to get a trade deal ? Nissan have indicated that they are happy with whatever deal the government are going to go for and must be confident that the government will get it because not only have they announced the continuing production but an extra production line for a new model and on top of that they are extending the plant to build engines .The vast majority of Nissans production is exported to Europe and Nissan knows that Europe do not want to lose that trade .

Really think it's time people started to think beyond single market membership it is not an option and doesn't need to be an option

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I don't really understand the logic of Nissan being given assurances but Parliament not being given the same. Parliament should at least know what Nissan have been told. Although I am glad Nissan have been given assurances.

It's the customs union which we would stay part of or 'parts of it'.

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Has it got anything to do with Parliament? I would imagine the government already know what direction to take to keep the likes of Nissan and Toyota on side .Parliament would only need to get involved when the government don't have the authority to make a unilateral decision

It was 1andrew1 that mentioned the single market ;)

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I think if assurances about Brexit are being given to companies then Parliament should know yes. They're the representatives after all and whilst I don't think any private deals the government makes should be debated in Parliament I do think it's wrong for companies to be getting information about the plan for Brexit that isn't given to us.

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Carney is staying: https://www.ft.com/content/5107a124-...e-abe238dee8e2

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Lots of talk about the UK doing free trade deals for particular industry sectors like the car industry. Any free trade agreement must cover substantially all (goods) trade according to Article XXIV of the GATT/WTO so a deal that just covered the car industry is not possible. There was a Canada-US Auto Pact with zero tariffs, but the WTO found this to be contrary to Article XXIV, see: https://www.wto.org/english/tratop_e..._e/ds139_e.htm

So any free trade deal would have to cover all industries.

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All goods but not services? :(

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As I understand it, all goods because services require a large degree of freedom of movement of people which countries are more reluctant to agree to.

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Bank of England governor Mark Carney says he will step down in June 2019.

http://www.bbc.co.uk/news/business-37829069

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So later than the Brexiters wanted but earlier than his full term.

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He is doing a pretty good job so it would have been crazy for him to leave now so l am glad he is staying put until mid 2019.

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can you please explain in detail what exactly he is doing and what the reasoning behind it is ?

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Matter of opinion Den. He was right to warn of the disaster Brexit is going to be, but he's been constantly wrong on forecasting when interest rate rises will happen.