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It's worth noting that a lot of major car manufacturers have raised concerns about this: - Nissan cited Brexit as a reason for not building one of its latest m

It's worth noting that a lot of major car manufacturers have raised concerns about this: - Nissan cited Brexit as a reason for not building one of its latest models in England - Jaguar/Land Rover is cutting jobs citing 'geopolitical reasons' - Toyota has warned against Brexit All taken from: https://www.bbc.com/news/business-47225787 https://www.bbc.com/news/business-47225787 As an expat, I'm fascinated to see how Brexit will play out.

argd678 8y ago
It’s interesting how every company that suddenly leaves the UK as the deadline approaches says it’s due to some other reason and factors. Even if it were true, it does bring up that when you destabilize an economy by adding uncertainty it puts you at more risk when weathering the other normal economic bumps. So what breaks the camel’s back may not be Brexit, but you’ve added a lot of burden to make a straw a bigger concern now.
- pcurve 8y ago
  To them brexit is a colossal cardboard box sitting on camel. They have no idea what’s even in it let alone compute how much it weighs.
- pjc50 8y ago
  > It’s interesting how every company that suddenly leaves the UK as the deadline approaches says it’s due to some other reason and factors. Nobody wants to get in a fight with the Brexit press.
- repolfx 8y ago
  Here's an interesting question about uncertainty. Can you measure it? What units is uncertainty measured in? If there are any, is there a curve that maps uncertainty to changes in GDP and if so on which historical events was this curve calibrated? If you ask these questions you rapidly find yourself into a bottomless spiral of, ironically, uncertainty, as the economics profession can't give a straight answer to any of them. In fact some economists think uncertainty based recessions don't exist at all. The UK appears to be a strong counterexample. It was supposed to experience a recession that wiped out half a million jobs due to the plunge in investment that would be triggered by the uncertainty of voting Leave. In fact the economy grew, wages went up, employment went up, immigration levels have hardly changed overall, and the UK is now the best performing EU country in the G7. Moreover despite there being tremendous uncertainty about whether there'll be a deal of any sort of all, there still doesn't seem to be any measurable impact. That's why the Remain contingent keeps pointing at individual cases - there is no observable Brexit effect in the actual economic statistics themselves. And for every case of a company leaving and blaming Brexit, debatable thought these cases are, there seem to be other cases of companies doing the opposite, like Citigroup who donated to the Remain campaign yet nonetheless appears about to spend £1.2 Billion buying its London HQ: https://www.thetimes.co.uk/edition/business/citigroup-hands-britain-1-2bn-vote-of-confidence-s8pd8vslj https://www.thetimes.co.uk/edition/business/citigroup-hands-... So you said this: it does bring up that when you destabilize an economy by adding uncertainty it puts you at more risk But where is the evidence of this destabilisation? As far as I can tell, if you somehow didn't know about the vote or the negotiations, you'd conclude the opposite - German growth has hit zero, Italy is in recession, the Spanish government just collapsed, and there are massive riots every weekend in France. Where's the instability in the UK? It looks pretty peaceful in comparison.
sonnyblarney 8y ago
"All European market production is being consolidated to Japan, where the company is based" It really isn't a Brexit story. Material Brexit issues are interesting, but just as interesting is the fact that every single issue facing the UK seems to be drawn into the narrative, whether it should be or not. Brexit is therefore just as much a story of warring perceptions, as it is any kind of reality.
- zmmmmm 8y ago
  > "All European market production is being consolidated to Japan, where the company is based" I don't know if your conclusion is true or not, but I don't understand why you think that statement demonstrates it? A company could easily decide that, due to Brexit, it is no longer worth manufacturing offshore at all, because the European market overall is now fragmented too much (manufacturing in either region incurs export costs to the other).
  - sonnyblarney 8y ago
    "I don't know if your conclusion is true or not, but I don't understand why you think that statement demonstrates it?" The article clearly indicates that Japan is shutting down manufacturing in across Europe. We also know that the Japan just signed a major trade deal with Europe, which would abnegate the need to manufacture in Europe. Though surely Brexit could be mentioned in the article, there's no reason at all to cram it into the headline, as there are no facts on the table to tie the events together. A more obvious headline would read "Japanese auto makers shuttering plants across Europe after EU-Japanese Economic Agreement Signed". But that would imply an entirely different narrative - which is by the way my interest and point i.e. 'how these stories are presented' whatever the facts. As with a few other 'tiggering' subjects - it's hard to have a discussion about Brexit on HN.
    - tonyedgecombe 8y ago
      That trade deal was stalled for a long time over cars and cheese until Brexit came along. Then it was agreed in no time.
crucialfelix 8y ago
Bentley is estimating their cost at > £1B.

argd678 8y ago

It’s interesting how every company that suddenly leaves the UK as the deadline approaches says it’s due to some other reason and factors. Even if it were true, it does bring up that when you destabilize an economy by adding uncertainty it puts you at more risk when weathering the other normal economic bumps. So what breaks the camel’s back may not be Brexit, but you’ve added a lot of burden to make a straw a bigger concern now.

pcurve 8y ago
To them brexit is a colossal cardboard box sitting on camel. They have no idea what’s even in it let alone compute how much it weighs.
pjc50 8y ago
> It’s interesting how every company that suddenly leaves the UK as the deadline approaches says it’s due to some other reason and factors. Nobody wants to get in a fight with the Brexit press.
repolfx 8y ago
Here's an interesting question about uncertainty. Can you measure it? What units is uncertainty measured in? If there are any, is there a curve that maps uncertainty to changes in GDP and if so on which historical events was this curve calibrated? If you ask these questions you rapidly find yourself into a bottomless spiral of, ironically, uncertainty, as the economics profession can't give a straight answer to any of them. In fact some economists think uncertainty based recessions don't exist at all. The UK appears to be a strong counterexample. It was supposed to experience a recession that wiped out half a million jobs due to the plunge in investment that would be triggered by the uncertainty of voting Leave. In fact the economy grew, wages went up, employment went up, immigration levels have hardly changed overall, and the UK is now the best performing EU country in the G7. Moreover despite there being tremendous uncertainty about whether there'll be a deal of any sort of all, there still doesn't seem to be any measurable impact. That's why the Remain contingent keeps pointing at individual cases - there is no observable Brexit effect in the actual economic statistics themselves. And for every case of a company leaving and blaming Brexit, debatable thought these cases are, there seem to be other cases of companies doing the opposite, like Citigroup who donated to the Remain campaign yet nonetheless appears about to spend £1.2 Billion buying its London HQ: https://www.thetimes.co.uk/edition/business/citigroup-hands-britain-1-2bn-vote-of-confidence-s8pd8vslj https://www.thetimes.co.uk/edition/business/citigroup-hands-... So you said this: it does bring up that when you destabilize an economy by adding uncertainty it puts you at more risk But where is the evidence of this destabilisation? As far as I can tell, if you somehow didn't know about the vote or the negotiations, you'd conclude the opposite - German growth has hit zero, Italy is in recession, the Spanish government just collapsed, and there are massive riots every weekend in France. Where's the instability in the UK? It looks pretty peaceful in comparison.

sonnyblarney 8y ago

"All European market production is being consolidated to Japan, where the company is based" It really isn't a Brexit story. Material Brexit issues are interesting, but just as interesting is the fact that every single issue facing the UK seems to be drawn into the narrative, whether it should be or not. Brexit is therefore just as much a story of warring perceptions, as it is any kind of reality.

zmmmmm 8y ago
> "All European market production is being consolidated to Japan, where the company is based" I don't know if your conclusion is true or not, but I don't understand why you think that statement demonstrates it? A company could easily decide that, due to Brexit, it is no longer worth manufacturing offshore at all, because the European market overall is now fragmented too much (manufacturing in either region incurs export costs to the other).
- sonnyblarney 8y ago
  "I don't know if your conclusion is true or not, but I don't understand why you think that statement demonstrates it?" The article clearly indicates that Japan is shutting down manufacturing in across Europe. We also know that the Japan just signed a major trade deal with Europe, which would abnegate the need to manufacture in Europe. Though surely Brexit could be mentioned in the article, there's no reason at all to cram it into the headline, as there are no facts on the table to tie the events together. A more obvious headline would read "Japanese auto makers shuttering plants across Europe after EU-Japanese Economic Agreement Signed". But that would imply an entirely different narrative - which is by the way my interest and point i.e. 'how these stories are presented' whatever the facts. As with a few other 'tiggering' subjects - it's hard to have a discussion about Brexit on HN.
  - tonyedgecombe 8y ago
    That trade deal was stalled for a long time over cars and cheese until Brexit came along. Then it was agreed in no time.

crucialfelix 8y ago

Bentley is estimating their cost at > £1B.