Reply to: JLR not keen on No Deal

[WTFH]

Have you included the staff PAYE taxes in that?

No, just the taxes that they reported in their annual accounts. Also haven't included VAT, etc.

[Old Greg]

£199 million paid in tax last year.

Is it because they are concerned about Brexit that you despise them?
Do you only support businesses that think Brexit is a good idea and that pay all their taxes in the UK?

Have you included the staff PAYE taxes in that?

[WTFH]

And they pay tax of roughly fourpence halfpenny. And so it goes...

£199 million paid in tax last year.

Is it because they are concerned about Brexit that you despise them?
Do you only support businesses that think Brexit is a good idea and that pay all their taxes in the UK?

[Old Greg]

He thinks crashing the services economy will mean a surplus of contracting roles as large consultancies implode.

As I said, magical thinking.

[meridian]

To what extent have you considered how the broader economy may impinge on your lifestyle?

He thinks crashing the services economy will mean a surplus of contracting roles as large consultancies implode.

[Old Greg]

I'm not an international tradesperson so DGAF.

Happy with my work/life balance these days, having chased the contracting cashpot for ten years.

To what extent have you considered how the broader economy may impinge on your lifestyle?

[Mordac]

£18b in exports doesn’t necessarily mean much if they are all being transferred intercompany to NL at trade price and the U.K. exchequer doesn’t see any tax gain on commercial profits.

A reduction from 40,000 jobs will hurt though, as will the 300,000 other jobs and associated tax revenues from supporting supply chain businesses, including current U.K. component manufacturers. Those businesses will also need to retool or adjust. Not a short-term task, 10 to 20 years.

And they pay tax of roughly fourpence halfpenny. And so it goes...

[Eirikur]

...that's easy, the government borrows money off the Chinese to get the French to build the plants.

Yes at least we have control of our own energy supply,....oh wait

[WTFH]

how many nuclear powerplants we need for that

...that's easy, the government borrows money off the Chinese to get the French to build the plants.

[Eirikur]

Serious question, does this possibly open up the U.K. to be a world leader in sustainability and electric cars?

Moving all standard production offshore, to concentrate U.K. R&D and engineers (who are still among the best in the world) on new tech?

Competition from America and Germany to be sure, but competition can be a healthy thing.

All those engineers come from EU countries and are leaving as we speak

Besides that, did anyone think how we are going to charge the cars (if you live in an apartment building for example or you park your car at the streetside and there are limited charging points there will be huge fights amongst residents on a daily basis) and how many nuclear powerplants we need for that

[WTFH]

Well, if it's good enough for Audi...

Audi have plants all over Europe (and beyond)
Ingolstadt and Neckarsulm in Germany as well as Hungary, Belgium and Mexico.

Then they have shared production with other VAG brands in Slovakia, Spain, Russia, Brazil, India and China. (not counting Lamborghini/Ducati, which is owned by Audi)

The Slovakian plant was Skoda, and currently the Q7 is made there (along with other VAG cars).
The Spanish plant was Seat, the Q3 is made there
A1 - Belgium
A3/TT - Hungary
Q5 - Mexico (mostly for Americas)
A3 & Q3 in Brazil (mostly for Americas)

India & China manufacturing are for local markets, and the plant in Russia is there to get round import duties - the cars are fully built elsewhere, then stripped down, shipped to Russia as partial assemblies, then fully rebuilt in Russia.

If JRM introduces punitive tariffs on the EU, then you might see an SKD or CKD process introduced in the UK if demand was high enough

[meridian]

Only if that R&D can replace 40,000 jobs and £18bn in exports. (just for JRL)

£18b in exports doesn’t necessarily mean much if they are all being transferred intercompany to NL at trade price and the U.K. exchequer doesn’t see any tax gain on commercial profits.

A reduction from 40,000 jobs will hurt though, as will the 300,000 other jobs and associated tax revenues from supporting supply chain businesses, including current U.K. component manufacturers. Those businesses will also need to retool or adjust. Not a short-term task, 10 to 20 years.

[LondonManc]

Magical thinking will only get you so far in the harsh reality of international trade.

I'm not an international tradesperson so DGAF.

Happy with my work/life balance these days, having chased the contracting cashpot for ten years.

[Old Greg]

Why not? As long as we aren't hamstrung by unfair green laws that only apply to certain countries, then we've got every chance of competing. Especially if we can get some crazy laws thrust upon the EU before we leave.

Magical thinking will only get you so far in the harsh reality of international trade.

[DaveB]

Serious question, does this possibly open up the U.K. to be a world leader in sustainability and electric cars?

Moving all standard production offshore, to concentrate U.K. R&D and engineers (who are still among the best in the world) on new tech?

Competition from America and Germany to be sure, but competition can be a healthy thing.

Only if that R&D can replace 40,000 jobs and £18bn in exports. (just for JRL)