If we are "on edge", that means there is bubble. If there is bubble, then anything can push it "over the edge" and not necessarily this Brexit although it would be scapegoated to be the cause. Like I said before, with any changes, there is always something good, something bad and Brexit is no different. The important thing here is to try to adjust for the bad and work with the good and then everything and everybody would be better off unless you are like Soros who just wants to profit over the "bad" then yeah you would have every incentive to paint the doomsday scenario.
London post-brexit as a financial center
- Thread starter TraDaToR
- Start date
If we are "on edge", that means there is bubble. If there is bubble, then anything can push it "over the edge" and not necessarily this Brexit although it would be scapegoated to be the cause. Like I said before, with any changes, there is always something good, something bad and Brexit is no different. The important thing here is to try to adjust for the bad and work with the good and then everything and everybody would be better off unless you are like Soros who just wants to profit over the "bad" then yeah you would have every incentive to paint the doomsday scenario.
Actually most German branded cars are built in Germany. More than half. The rest are as u say built elsewhere.
Germany itself exports about 750000 cars to the UK each year. You state a 10% tax on cars being imported into the EU from the UK but fail to mention a similar tariff on the 750000 cars coming here. Doubt if the German auto manufacturers are going to be happy with that.
The factory is owned by the Japanese, the car's brand is Japanese, at the end of the day, the profit would be converted to Japanese Yen, how can you say Japan plays no part in it???!!! US can have cars made all around the world but at the end of the day it's still US trying to export those cars!!! US has their American cars made in China and then sell them to Chinese consumers but it's still US exporting their American cars to the Chinese not the Chinese all of sudden selling those American cars to themselves just because those cars were made in China. Same thing if USA has cars made in Japan and then sell them to China, it would still be USA exporting cars to the Chinese subjecting to all of the trade agreements, deals and etc. Same thing here with Japan exporting their cars to EU but with them made in UK!!
Since you have a basic macro background, serious questions for you.
How much does the USA, Canada and Mexico each contribute to USMCA?
Do you have free movement between these countries in terms of being able to work, live, travel, retire etc?
Do you have a common national anthem?
Are u planning a common army?
Because the jobs are in the UK and most of the money stays in the UK. Japanese manufacturers can take a hit and move to EU, for UK that means the loss of thousands of jobs and tax revenue.
You seem to be confused about what exports mean. If a Japanese subsidiary in UK exports cars to a 3rd country, that counts as an UK export (not Japanese) because it's Toyota UK exporting the car.
And yes, if a Buick made in China is sold in China, that is not an US export but a local product. This is basic stuff (I thought). I think you have never done anything related to the tax system before.
You're possibly right about that but I can't find the exact numbers anywhere. True, I did not mention EU exports to UK because the topic is UK. EU will lose here as well but I believe they have more options for exports.
"We" as in the economy.
The world economy but I suspect UK will have it worse.