ericbee123 wrote:You are assuming that Brexit will lead to the loss of car manufacturing in the North East.
Well each to their own but in my view you are in Fantasyland.
Which do you think is fantasy ?
That WTO tariffs of 10% on completed cars is fantasy or that the people in the North East are hard working, very skilled car manufacturers ?
A Nissan which cost £20,000 in 2016 would have cost 28,000 Euros.
That car now costs 22,400 Euros due to the pound falling.
Add on 10% WTO import duty, that Nissan in 2019 will cost 24,800 Euros , still a lot cheaper than 2016 !!!
A BMW that cost 28,000 Euros would cost you £20,000 in 2016.
The same BMW today would now cost £ 25,000 , a £5000 increase. Add on 10% WTO next year it will cost £ 27500. £7,500 more in 2019 than 2016. With nothing changing in the list price of either car or inflation.
Do you really think Nissan sales in Europe will suffer more than BMW sales in the U.K. under a no deal ?
If you think the people of the North East aren’t highly skilled car manufacturers then you are the one in cloud cuckoo fantasyland.
Disclaimer-I have spell/grammar checked this post, it may still contain mistakes that might cause offence.