JNugent <
[email protected]> wrote:
On 17/05/2023 05:30 pm, Spike wrote:
[email protected] <[email protected]> wrote:
Andy Palmer, former chief operating officer at Nissan, told BBC Radio 4’s >>> Today programme that the entire automobile sector in the UK – including >>> 800,0000 – was at risk.
He that it is was “impossible to meet local content rules unless you
source your battery within the UK or EU” but the “supply chain at the >>> moment isn’t there” in Britain. “The cost of failure is very clear. It is
800,000 jobs in the UK, which is those jobs associated with the car industry.”
https://www.independent.co.uk/news/uk/politics/brexit-vauxhall-electric-cars-uk-eu-b2340642.html
Let them make bicycles instead.
Of course!
Even Mad Mason - perhaps *especially* Mad Mason - should be delighted
that it might be a bit more difficult to build cars!
There’s an excellent account of the issue on this evening’s PM programme on BBC R4, just after 1730, by the head of the SMMT.
The key part that Mason hasn’t been told about is that this tariff works
both ways, and EU manufacturers will also be subject to the 10% tariff,
because battery components are sourced from overseas.
Needless to say, EU manufacturers are unhappy about this, and are also
pressing the EU to delay next January’s rule change.
Now, the question is…do we export more cars to Europe than they export to
the UK?
So who loses if this change is not delayed?
😀
--
Spike
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