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Let's talk about "Project Fear".
From what I have seen from Leave supporters, there is seemingly nothing, nothing that can be said to demonstrate to them that Brexit might be having a negative effect on the economy.
Point One
If you say companies are relocating jobs and/or capital to the EU, (Barclays, Sony, Jaguar Land Rover, easyJet, Ryanair), it's 100% proof of the EUSSR dictating everything UK-registered companies do and proof that being outside the EU is the best course of action. It cannot possibly have anything to do with common business sense.
In the case of JLR, I have some experience of seeing it from "the other side". If the Slovak government offers a very generous subsidy to come and open a factory, it's economic sense to accept it. It is, quite simply, business. If the UK government offered a similar or better subsidy, JLR would be more inclined to retain its business in the UK. But as I have mentioned before, the UK government has long abandoned investing in manufacturing and this isn't the first case. You only have to look at primary steel manufacturing and you can see a refusal to support domestic production in favour of cheaper, imported steel from Germany and China.
If the Slovak government feels it can afford the subsidy offered and can keep its own books balanced, it is more than entitled to pursue JLR and get them to open new operations here. The UK government could have counter-offered but hasn't.
The crux of Brexit is, on paper by politicians at least, about opening up the UK to business. Well if business looks more profitable inside the EU, you cannot complain when companies move there. You absolutely have to look at Brexit being a factor. Brexit is making the United Kingdom unattractive to international and multinational companies.
Point Two
If you say companies are relocating jobs and/or capital (Dyson, potentially Airbus) to outside the EU, it's 100% proof of the EUSSR dictating everything UK-registered companies do and proof that being outside the EU is the best course of action. But is it not a damning statement that even if they are moving operations to outside the EU, it isn't to the UK?
Dyson of course is the best example of this. They have had manufacturing operations in Malaysia and Singapore since the 1990s so it isn't a total surprise but moving their corporate headquarters to Singapore is a glaring hypocrisy given that James Dyson is a prominent supporter of Brexit and Dyson Ltd. was championed by Official Leave as a great company championing what a UK Brexit can do.
The irony is not lost on most that Singapore has signed an FTA with the EU. Japan is as well. "But the UK is going to have one as well!" Yes, that is hopefully true but the unavoidable fact is that Singapore already has one signed and waiting to implement whereas the UK does not and will not. I am pretty confident that Dyson will not relocate back to the UK once the UK-EU trade agreements are signed.
Which again leads back to what I mentioned in point one; it's business sense. Irrespective of national pride or loyalty, companies will almost always follow the money or at least follow the fewest losses. And in the case of moving to Singapore being "a great example of global Britain" as one gammon gasbag who shan't be named put it, it's not. It's companies going where they can extract maximum worth and minimum loss for their business.
Point two is less relevant but you can boil it down to this:
If the UK is in the EU, the EU steals jobs.
If the UK is out of the EU, the EU still steals jobs.
Surely both cannot be true? And surely the reality of what is happening cannot be ignored by Brexit proponents?
I just find it extremely perplexing how companies moving into the EU & out of the UK, and out of the EU & UK are both examples of the evils of the EUSSR. Even accepting that each business case must be viewed individually, it's surely a contradiction. And in both types it is business leaving the UK which is what Brexit was supposed to be avoiding but so far hasn't.
Edit: It suddenly just came to me what I was trying to convey my perplexity at:
Moving operations to outside the EU - Wonderful, global Britain
Moving operations to the EU - Nasty EUSSR stealing British companies
Hypocrisy. And both involve taking business away from the UK.
Notes:
- I don't necessarily agree with all corporate welfare, i.e. enormous subsidies for multinationals, but they are fair points worth discussing.
- I haven't even bothered talking about how 'easy' negotiating Brexit and TAs was supposed to be.
From what I have seen from Leave supporters, there is seemingly nothing, nothing that can be said to demonstrate to them that Brexit might be having a negative effect on the economy.
Point One
If you say companies are relocating jobs and/or capital to the EU, (Barclays, Sony, Jaguar Land Rover, easyJet, Ryanair), it's 100% proof of the EUSSR dictating everything UK-registered companies do and proof that being outside the EU is the best course of action. It cannot possibly have anything to do with common business sense.
In the case of JLR, I have some experience of seeing it from "the other side". If the Slovak government offers a very generous subsidy to come and open a factory, it's economic sense to accept it. It is, quite simply, business. If the UK government offered a similar or better subsidy, JLR would be more inclined to retain its business in the UK. But as I have mentioned before, the UK government has long abandoned investing in manufacturing and this isn't the first case. You only have to look at primary steel manufacturing and you can see a refusal to support domestic production in favour of cheaper, imported steel from Germany and China.
If the Slovak government feels it can afford the subsidy offered and can keep its own books balanced, it is more than entitled to pursue JLR and get them to open new operations here. The UK government could have counter-offered but hasn't.
The crux of Brexit is, on paper by politicians at least, about opening up the UK to business. Well if business looks more profitable inside the EU, you cannot complain when companies move there. You absolutely have to look at Brexit being a factor. Brexit is making the United Kingdom unattractive to international and multinational companies.
Point Two
If you say companies are relocating jobs and/or capital (Dyson, potentially Airbus) to outside the EU, it's 100% proof of the EUSSR dictating everything UK-registered companies do and proof that being outside the EU is the best course of action. But is it not a damning statement that even if they are moving operations to outside the EU, it isn't to the UK?
Dyson of course is the best example of this. They have had manufacturing operations in Malaysia and Singapore since the 1990s so it isn't a total surprise but moving their corporate headquarters to Singapore is a glaring hypocrisy given that James Dyson is a prominent supporter of Brexit and Dyson Ltd. was championed by Official Leave as a great company championing what a UK Brexit can do.
The irony is not lost on most that Singapore has signed an FTA with the EU. Japan is as well. "But the UK is going to have one as well!" Yes, that is hopefully true but the unavoidable fact is that Singapore already has one signed and waiting to implement whereas the UK does not and will not. I am pretty confident that Dyson will not relocate back to the UK once the UK-EU trade agreements are signed.
Which again leads back to what I mentioned in point one; it's business sense. Irrespective of national pride or loyalty, companies will almost always follow the money or at least follow the fewest losses. And in the case of moving to Singapore being "a great example of global Britain" as one gammon gasbag who shan't be named put it, it's not. It's companies going where they can extract maximum worth and minimum loss for their business.
Point two is less relevant but you can boil it down to this:
If the UK is in the EU, the EU steals jobs.
If the UK is out of the EU, the EU still steals jobs.
Surely both cannot be true? And surely the reality of what is happening cannot be ignored by Brexit proponents?
I just find it extremely perplexing how companies moving into the EU & out of the UK, and out of the EU & UK are both examples of the evils of the EUSSR. Even accepting that each business case must be viewed individually, it's surely a contradiction. And in both types it is business leaving the UK which is what Brexit was supposed to be avoiding but so far hasn't.
Edit: It suddenly just came to me what I was trying to convey my perplexity at:
Moving operations to outside the EU - Wonderful, global Britain
Moving operations to the EU - Nasty EUSSR stealing British companies
Hypocrisy. And both involve taking business away from the UK.
Notes:
- I don't necessarily agree with all corporate welfare, i.e. enormous subsidies for multinationals, but they are fair points worth discussing.
- I haven't even bothered talking about how 'easy' negotiating Brexit and TAs was supposed to be.
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