Minority interest Eurosceptics have done what exactly?
Billions of potential investments have been postponed.
As they were immediately BEFORE joining the EU - the people thwarting a clean fast exit are to blame for this.
Are you able to provide evidence to backup this claim? UK was the sick man of Europe losing industries and to competition prior to joining EU in early 70s. Took 11 years to join. Post WWII production and UK growth was behind other faster growing EU member economies.
Transaction cost for businesses raised soon to be followed by price increases.
When Spain / Germany / Italy ... joined the EURO prices were increased by unscrupulous retailers, they will use any excuse to hike prices and make the public pay more.
You are not being fair here. UK is not switching currency. Just simply losing purchasing power. Obviously EU businesses decided to round up. UK prices will go up due to currency slide. No choice but to pass on costs unless they wish to give in on their profit margins.
Pound crashing to 1.20 against the dollar reducing UK's purchasing power on the world stage.
Which will make UK companies more profitable when dealing with foreign competitors this is a good thing for the UK. Trump is trying to force the FED to devalue the dollar, we get it for free with brexit.
On the whole UK Exports > exceed > Imports. BoP current account is almost always negative. Net effect will be for UK to lose.
Existing industries leaving the UK.
Industry - UK ??? 😆
Motor industry is a key area. Nisan will say decision is not based on Brexit because if they said due to Brexit they are likely to take sides in a 50/50 argument and alienate potential customers. If you have existing production, workforce and state of the art factories why would you want to set up a new factory, coupled with skills, training and cost of setup when a perfectly production base already exists. Most of the parts remain the same simply a differnt engine and control boxes change.
You can add Parhmacuticals, EBA and EMA, EuroClearing and a % of most banks to that list as well. HSBC have already made plans to move 10% of workforce.
Future businesses thinking of locating in the UK changing plans. Unless ofcourse you are Amazon, Google or FB and simply don't want to pay any tax and employ low end low skill personnel.
So companies leaving the UK due to brexit is a bad thing (your previous point) and companies coming to the UK due to brexit is a bad thing!
Which companies moving to UK due to Brexit? Please help me see. Companies may locate here for low corporate tax but EU already drafting plans on taxing these big digital corporations on where money is earned. You can expect EU and US and UK to have some big ding dongs soon enough. AND yes future companies should a hard Brexit occur will avoid UK due to cost of getting goods and services into EU. You are being premature. Let's wait and see.
What have Brexiteers delivered thus far? Who believes in their promises to deliver global bi-lateral deals that's going to make us better than what we have now?
Companies always find ways to make money no matter what regulations apply, any who cant adapt will fail and new more competitive ones will take their place that is the nature of business.
Hmmm looking at North of England which was rich in Ship building, textiles and pottery and steel not so hot now. Industry will always navigate to be close to source / centre of market and purchasing power. Words sound nice but can you demonstrate any killer industries much beyond Birmingham.
mol.im
