EU referendum

[yep]

MAJOR INVESTORS HAVE MADE CLEAR THEIR INVESTMENTS WOULD CONTINUE

• Tim Tozer, Chairman and Managing Director, Vauxhall Motors: ‘If this country would vote to leave the EU, would that trouble or concern us? There my answer is no because I don’t think that in that event there would not be a trade agreement with what was left of the EU’ (BBC Radio 4, Today Programme, 15 September 2015, link).
  
  
• Kevin Rose, board member, Bentley: ‘We made our plans, we've announced the investments ... and they were in full knowledge that there was a referendum so we believe in the UK … Regardless [of the outcome], we think that the UK is a good place for investment’ (Reuters, 17 September 2015, link).
  
  
• Fabrice Bregier, Chief Executive, Airbus: He has said he has ‘no intention’ of pulling manufacturing out of the UK if the country votes to leave the European Union (BBC News, 16 June 2015, link).
  
  
• Jeff Immelt, Chairman and Chief Executive, GE: ‘It’s important the UK has good relationships around the world, but I don’t really think that its place in the European Union makes that much difference’ (The Daily Telegraph, 3 October 2015, link).
  
  
• Karl-Thomas Neumann, Chief Executive of Opel: 'We have plants in Luton and Ellesmere port. We will not turn our back on England... life would carry on... We would continue to find ways to invest' (Reuters, 17 September 2015, link).
  
  
• Trevor Mann, Chief Performance Officer, Nissan: 'If there was a future trade agreement between the UK and EU then it wouldn't make a lot of difference' (Financial Times, 11 January 2016, link).
  
  
• Takahiro Hachigo, Chief Executive of Honda: 'Honda remains firmly committed to car production in the UK and Europe. Our production activity in the UK plays a key role for our business in terms of providing products to the European market… and beyond' (AutoExpress, 1 October 2015,link).
  
  
• Akio Toyoda, Chief Executive of Toyota: 'We want to deepen our roots to deliver ever better cars, so when that capsule is opened after 100 years, all can see we’ve built a truly British company.... I think a strong manufacturing workforce and parts supply chain are characteristic of the UK... I understand it was judging on those factors that we choose to put our first European plant in Britain' (FT, 11 January 2016, link).
  
  
• Paul Polman, CEO of Unilever: 'The effectiveness of my research centre is the quality of the people I have there and the ideas coming out in terms of the innovations that we produce. We don’t make a decision on moving research centres around depending on if you are in the EU or not... I am in every country basically, in any trading zone, in the EU, out of the EU. People need to buy shampoo, people need to eat their Knorr or Cup-a-soup, and they want to buy their Coleman’s and they want to buy their Magnum ice cream. They are not going to say that is function of if I am in the EU or if I am not in the EU' (Guardian, 25 January 2015, link).
  
  
• Carlos Ghosn, the chief executive of Renault-Nissan: 'Whatever is the decision of the UK we will adapt to it. I don’t think there is a reason to worry. We knew for many years that [an exit] was possible. So we’ll deal with it' (Guardian, 21 January 2016, link).

 

[Tim of the Oak]

Trevor Mann, Chief Performance Officer, Nissan: 'If there was a future trade agreement between the UK and EU then it wouldn't make a lot of difference' (Financial Times, 11 January 2016, link).

That's a very big "if"

 

[smudgedj]

I had some respect for your view until I read that. You're just another one on the make. So all this stuff you've written is just to maintain the status quo so that you can make a mint. Nice.

I wouldn´t sweat it mate. I´m all in cash and waiting to short the pound and FTSE on IG with a stop loss in case i´m wrong. He´s on the way to the poor house.

EDIT **This does not represent investment advice. The value of investments can go down as well as up. I am frequently 100% wrong in my trade ideas/direction, so this could be used as a reliable reverse indicator.

 

[FanchesterCity]

Trevor Mann, Chief Performance Officer, Nissan: 'If there was a future trade agreement between the UK and EU then it wouldn't make a lot of difference' (Financial Times, 11 January 2016, link).

IF there was agreement (there isn't), and IF it was on favourable terms (we won't know until it's formulated).

• Toshiyuki Shiga, Nissan's chief operating officer and the second most powerful man in the business below the chief executive, Carlos Ghosn, said that the threat of import tariffs between the UK and the rest of the European Union could be an "obstacle" to the car-maker. Nissan employs 6,400 people at the Sunderland car plant and several hundred more at its research and development centre at Cranfield, Bedfordshire.
  
  "The UK is part of the European Union, [that] is very important," he said, speaking at the company's headquarters in Japan.
  "From the foreign investor point of view I hope that the UK will remain as an EU member."
  
  
  
• Launching the Qashqai car in London two years ago, Mr Ghosn cited concerns about “costly tariffs” and regulation, and added: “If anything has to change we (would) need to reconsider our strategy and our investments for the future. It will have implications, obviously.
  
  "You cannot consider the UK independent of its environment. If the UK is part of Europe, it’s a completely different situation than if it is not part of Europe.”
  
  

 

[yep]

That's a very big "if"

 

[yep]

IF there was agreement (there isn't), and IF it was on favourable terms (we won't know until it's formulated).

• Toshiyuki Shiga, Nissan's chief operating officer and the second most powerful man in the business below the chief executive, Carlos Ghosn, said that the threat of import tariffs between the UK and the rest of the European Union could be an "obstacle" to the car-maker. Nissan employs 6,400 people at the Sunderland car plant and several hundred more at its research and development centre at Cranfield, Bedfordshire.
  
  "The UK is part of the European Union, [that] is very important," he said, speaking at the company's headquarters in Japan.
  "From the foreign investor point of view I hope that the UK will remain as an EU member."

Your quote is from 2013 mine is from 2016

 

[SWP's back]

That's a very big "if"

No it isn't. Be for vote IN all you wish but come on. Be genuine in your arguments.

 

[blueish swede]

“If there was a future trade agreement between the UK and EU then it doesn’t make a lot of difference,” said Trevor Mann, chief performance officer at Nissan and the carmaker’s most senior Briton. “If there are going to be tariffs it would make a significant difference.” In the meantime, he concludes: “All that is speculation.”

A little different tone to the original post. Plus @yep missed this little gem:

Mr Toyoda’s great-grandfather, Sakichi Toyoda, invented a new kind of power weaving loom and sold his patent to Platt Brothers, a British company, in 1929, just as the Great Depression hit.
“It’s only because Platts bought Sakichi’s patent that Toyota was able to change its whole business to automobiles. That capital was the seed,” says Mr Toyoda in an interview with Nikkei and the Financial Times.

That's Platt Brothers of Werneth, Oldham!

 

[FanchesterCity]

We are also forgetting a lot of small business or SME's who can sell across Europe with relative ease, with easy accounting and little concern for import and export duties etc.
It becomes harder for those guys.

We also have businesses whose name is protected like Melton Mobray and Cheddar Cheese - who will lose the automatic protection of that name in the EU - meaning others can manufacture Cheddar Cheese from wherever they like. Maybe not the end of the world for the country as a whole - but a hit for those workers manufacturing the real thing without protection.

 

[FanchesterCity]

No it isn't. Be for vote IN all you wish but come on. Be genuine in your arguments.

It is a big if, he's correct.
Either Nissan will be subject to the same agreements, in which case, it won't matter to them, or they'll be subject to different agreements which cause them to reassess.
The agreements aren't in Nissan's hands either.

That's a big IF in my book too.

 

[yep]

“If there was a future trade agreement between the UK and EU then it doesn’t make a lot of difference,” said Trevor Mann, chief performance officer at Nissan and the carmaker’s most senior Briton. “If there are going to be tariffs it would make a significant difference.” In the meantime, he concludes: “All that is speculation.”

A little different tone to the original post. Plus @yep missed this little gem:


That's Platt Brothers of Werneth, Oldham!

So you clicked the link I gave you?

 

[Tim of the Oak]

No it isn't. Be for vote IN all you wish but come on. Be genuine in your arguments.

Good try! We don't known lif the UK will get a trade deal or not - especially since Brexiters find the free movement of people repugnant (that has been a condition put on other Countries wishing to access the single market).

 

[SWP's back]

Good try! We don't known lif the UK will get a trade deal or not - especially since Brexiters find the free movement of people repugnant (that has been a condition put on other Countries wishing to access the single market).

The U.K. Is far more important than other countries that have tried.

I will repeat, the In vote will win, I will more than likely vote in, but ridiculous scaremongering that the uk would not be able to get a trade deal with the EU just pushes floating voters away.

It's bull shit.

 

[yep]

 

[FanchesterCity]

The U.K. Is far more important than other countries that have tried.

I will repeat, the In vote will win, I will more than likely vote in, but ridiculous scaremongering that the uk would not be able to get a trade deal with the EU just pushes floating voters away.

It's bull shit.

Nobody argues we won't get a trade deal. It's the terms of that deal that are being debated and how long it would take to formulate. Any period of time between causes instability in the markets and uncertainty in business.
If we get terms equal to what we already have, then the EU has an implosion on it's hands as the other members wonder why they should remain if the UK gets the same deal outside it! Those terms would also likely require freedom of movement within the EU (which negates the reason for many to leave).
Is anybody seriously expecting we'll get the same terms AND we don't have to accept EU nationals too? If that happens, the EU collapses. The whole point of the club is to get preference by being inside it! If you get preference for being outside it, then boom - it's dead.
The USA, China and Japan have less favourable terms being outside the EU. We're not as important as those guys.

 

[Tim of the Oak]

The U.K. Is far more important than other countries that have tried.

I will repeat, the In vote will win, I will more than likely vote in, but ridiculous scaremongering that the uk would not be able to get a trade deal with the EU just pushes floating voters away.

It's bull shit.

Do you think all the Countries in the EU like us lol! I've worked there and the reality is anything but a UK love in! The other Countries respect the professionalism of our officials /FCO but we don't have many allies. We might get a trade deal but only if we are willing to pay the EU's price.

Your WUMIng is getting a bit tedious but I'm happy to give it the same treatment as your GCSE economics!

 

[TRUE BLUE NO1]

Sky News has uncovered the first statistical evidence that investors are shifting billions of pounds out of British assets in light of the EU referendum.

Some £65bn either left the UK or was converted into other currencies in March and April - the fastest rate since the financial crisis in early 2009.

The figures, published by the Bank of England in its monthly register of banking statistics, represent the first evidence of capital flight from the UK - where money rapidly flows out of a country in response to concerns over economic instability.

and the outs cant understand why we worry!;) Wouldnt surprise me if they dont believe this either......but its ok the EU cant tell us what to do!......we'll be hearing more and more stories like this if we leave and then maybe they'll see that the reality is completely different from the idea and dreams Gove is trying to sell us......

 

[AlgarveBlu]

Sky News has uncovered the first statistical evidence that investors are shifting billions of pounds out of British assets in light of the EU referendum.

Some £65bn either left the UK or was converted into other currencies in March and April - the fastest rate since the financial crisis in early 2009.

The figures, published by the Bank of England in its monthly register of banking statistics, represent the first evidence of capital flight from the UK - where money rapidly flows out of a country in response to concerns over economic instability.

That's a drop in the ocean compared to the flight of capital that's happened around the eu in the last 7 years. It's a bit like those misleading stories about sterling coming off a cent against the dollar on a positive exit poll for leave and going the other way for remain. This is fund managers and hedge funds speculating that's what they do for a living. Another beautiful example of the power players in the city ripping the piss out of Joe public.

London has the biggest fx markets on the planet, this volatility is Christmas come early for them and the turkeys are running around in the media trying to scare the shit out of everyone that there margarita on holiday is going to cost a fortune.

 

[SWP's back]

Your WUMIng is getting a bit tedious but I'm happy to give it the same treatment as your GCSE economics!

Oh do fuck off then. If anyone is wumming its you. You're beyond myopic and thus refuse to be empathetic to any view other than your own.

You peddle fear. That's literally all you have. I've stated which way I'm likely to vote and the reasons for it. But people like you make me wish to vote OUT and as you have is cretinous "we'll be fucked as we are shite" rhetoric.

And yes, my gcse in economics, well done.

 

[FanchesterCity]

That's a drop in the ocean compared to the flight of capital that's happened around the eu in the last 7 years. It's a bit like those misleading stories about sterling coming off a cent against the dollar on a positive exit poll for leave and going the other way for remain. This is fund managers and hedge funds speculating that's what they do for a living. Another beautiful example of the power players in the city ripping the piss out of Joe public.

London has the biggest fx markets on the planet, this volatility is Christmas come early for them and the turkeys are running around in the media trying to scare the shit out of everyone that there margarita on holiday is going to cost a fortune.

Sadly that's true and another consequence of change (or the threat of it). Regardless of coming in or going out, any 'change' in status creates tension - but also opportunity for people to make money on the uncertainties. There's a window of opportunity during 'change' to make adjustments to your prices / contracts under the ruse of the changes taking effect, and some businesses will use that ruse.

That's not an 'in' or an 'out' assertion - simply a 'changing from one to the other' matter. People will make money off it, and it's unlikely to be Joe Public.