Project Fear- they said ...

I think many haven't really grasped the danger that trade deals with US poses to our NHS. For example prescription drugs in US are indeed amongst the most expensive in the world, and there is a blueprint paper there entitled "American Patients First". The danger is that NHS is a "single-payer" healthcare system and is able to negotiate lower price drugs, unlike the American system. You can bet that Trump has his eye on this and if our drug bill increases substantially it will affect the affordability and accessiblity of the NHS.

lois

No one with a modicum of intelligence wants the USA anywhere near our nhs

If the USA start to interfere in the NHS then we are in trouble. For example one vial of insulin in the USA costs about £210, in the UK 8 vials costs about £80. It's all about profit in the US and if they provide services in the UK that will be about profit too. As you can see I don't want any U.S. company interfering in the NHS.

The manufacturers will relocate to where they make money. They want/need to make the most profit to survive, so they've gone. Wake up folks! When they leave summats up.

I feel heartily sorry for those losing their livelihoods, but sadly they are seen by some as the flotsam and jetsam in the tsunami of Brexit. Don't worry folks, it will be hard at first, but it'll be alright in the end and we'll have the WTO.

Heaven knows what will result if Raab is elected. It's like waiting for Cromwell to ride in on his charger.

Project fear was a patronising term conjured up by crooks like Farage to be used when he had no reasonable argument. As it turns out “project fear” was actually “project stating the bleeding obvious” Collapse in the £, job losses, decline in GDP, money pouring down the pan on various ridiculous “preparations” - ( they’re recruiting another lot of temporary civil servants- maybe the car workers could be employed on no deal planning? ) They should have put on the bus” Vote Leave and risk your job” , which would have been more accurate than the other bus lies. Those who deny Brexit uncertainty has anything to do with manufacturers leaving the U.K. in droves are deluding themselves. There’s yet to be anyone of these rabid leavers telling us about all the wonderful benefits we’ll now be getting, just that “it won’t be that bad in the long run”.

WWM2 - I was about to post the same comment re the manufacture of electric cars but you beat me to it. I feel sorry for the workers in Bridgend and all the other towns who have lost their jobs. Given the current state of affairs it will be impossible for them all to find new employment. I also hope that they may gain a better understanding of what Brexit will mean.

Oh come on Wwm2 - it has nothing, but nothing at all to do with Brexit ...

(they will say ...)

Interesting FACT

None of the car manufacturers are intending to produce the future generation of electric cars in the UK. All have chosen an EU country.

I have been following the Fiat/Renault merger which has collapsed, possibly temporarily who knows.

Aljajeera did a good report from Italy where Fiat was being discussed and if the report was correct Fiat have laid off half their employees, moved production etc.

As for Ford/Bridgend this is the company statement:-

Stuart Rowley, president of Ford Europe, told reporters:

"This action has nothing to do with Brexit and the simple way to think of that is, if Brexit had never happened, would there be a different decision, and the answer to that is no."

He explained: "Creating a strong and sustainable Ford business in Europe requires us to make some difficult decisions, including the need to scale our global engine manufacturing footprint to best serve our future vehicle portfolio."
-----

Japan signed a Trade with the EU and is taking a lot of their manufacturing back to Japan, why wouldn't they.

If you look at ALL of the large car manufacturers they are suffering from a global slow down and they have been producing too many cars for the market world wide.

The car industry is moving at a pace to try and cope with green energy, variances from country to country that are varying in what type of fuel they want vehicles to have, electric, hydropower, oil, gas, diesal. They won't be continuing to make vehicles they know they will not in a few years time will be defunct.

I am not stupid and saying the UK leaving the EU will not have some repercussions but I prefer to base information on fact and looking at the global market to which the car industry is a major player. If you look at ALL of the large car manufacturers throughout the world they are suffering from a global slow down and they have been producing too many cars for the market world wide.

It is an industry going through major restruction and sadly the UK is not alone.

Exactly Jura and we need to be honest about it, get whatever deal the EU will agree to (probably what TM got) and then ask the electorate if they want that or stay with what we have. If that happens I hope that the remain campaigners will finally tell what we have in the EU and will lose if we leave. Don't think that message has really been stressed so far.

Indeed ... we could never ever have planned for this

varian then the FT is right as am I! Very worrying isn't it?

The FT article was referring to the fall in the value of sterling in the month immediately after the referendum.

twitter.com/rorystewartuk/status/1056568783400243201?lang=en

varian even the FT can make mistakes just like me They may well have been talking about a different period of time to me, mine is from just before the referendum until a few days ago. Think it has gone up from 1.26 to 1.27 now! I have a very good reason for monitoring the $/£ so can be very, very sure of my facts! It actually benefits me if the £ falls against the $ but not the UK economy.

Nandalot the figure of 80% downturn in investment was applicable to the car industry, not overall investment.

Investment in the City of London has increased, not all related to the pounds low value. There are still lots of new offices being built and refurbishment of old buildings.

There was a professor from Cardiff University interviewed on Jeremy Vine Radio 2, and he made the observation that as the UK wants to
completely stop new petrol and Diesel cars as of 2030, Ford is sadly lagging behind many other car manufacturers regarding electric/hybrid engines.

Ford are also scaling down their German plant/s.

I truly hope that the town of Bridgend can attract new businesses/ manufacturers.

The article I quoted above mentioning the 11% was from the Financial Times 26th July 2016 .

oops, Sorry Jura it was varian who said 11% not you. However, I'm sure you would agree that 20% is a disaster for the UK and that it may well get worse if we do leave.

The money markets work on what they forecast the future value of different currencies will be. Clearly they think we are less valuable now than we were before 2016, must be a correlation.

James Felton
@JimMFelton
·
7h
Weird how Sony, Honda, Panasonic, Unilever, Barclays, Diageo, HSBC, Bank of America, Nissan, Panasonic, Schaeffler, Airbus, Philips, UBS, Hitachi, Jaguar Land Rover, BMW and Ford are all doing a project fear.

Very weird!!

For a laugh ... the Pound was exactly 10 Swiss Francs (CHF) when I first came to work in London- made calculations very easy ;)

1.62 and 1.26 what? Where have I mentionned exchange rate on this thread?

Sterling rate went down over a period of time before the vote- and other rates have gone up. And yes, a variety of factors involved. For us personally- we went from 2.50 went we bought here, to 1.18 at some point 3 years ago, and now about 1.26 as you say- so about 50%.

OOPS yes!! Two days ago it was 1.26. Definitely a typo and thanks for pointing it out. I think I have dyslexic fingers.

Copied below to save anyone looking for it.

Sorrry jura your figure on the value of the £ is wrong. It was 1.62 before the vote and 2 days ago it was 1.26. I make that 22%

Sorry all, this was sent to me today and I just have to share it. Please see who wrote it before commenting: www.thedailymash.co.uk/politics/bbc-accidentally-interviews-remain-voting-member-of-public-20190606186329

Sorry Nonnie, I cannot follow your figures for the pound. Is there’ a typo?

On the radio today when they were discussing the closure of the Bridgend plant, a financial expert, can’t remember the name, said investment in Britain had fallen by 80% since the referendum. That is really worrying.

Sorrry jura your figure on the value of the £ is wrong. It was 1.62 before the vote and 2 days ago it was 1.62. I make that 22%

Sorry all, this was sent to me today and I just have to share it. Please see who wrote it before commenting: www.thedailymash.co.uk/politics/bbc-accidentally-interviews-remain-voting-member-of-public-20190606186329