| Topic: | Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:The Squalid Campaign | |
| Posted by: | Vlod Barchuk | |
| Date/Time: | 09/06/16 13:04:00 |
| "If we are no longer part of Europe, the German, Japanese and German industrialists will do the obvious thing and migrate car manufacturing to in-EU countries. " All major car manufacturers in the UK have stated they have no plans to move production elsewhere. 20% of German car exports come to the UK; they have an interest in doing a free trade deal with us. And if Germany wants something the EU does it. The boss of JCB has stated Brexit will have no impact on his company's business. Yngve Slyngstad, chief executive of Norway’s £590billion sovereign wealth fund, which has £60billion invested in Britain, has said: ‘We’ll remain a long-term investor in the UK regardless of the outcome.’ We are told the EU referendum is causing uncertainty that is hurting the economy, but official figures released yesterday showed manufacturing output rose by 2.3 per cent in April, the strongest performance by the sector since July 2012. The pound is worth more against the dollar than it was the day before the EU referendum was announced, the FTSE 100 is higher, UK 10 year gilt yields (a measure of how confident investors are in the UK's ability to repay its debts) are lower. No country has ever left the EU and yet so many supposed experts are completely confident of economic disaster. They are the same people and institutions that didn't see the 2008 crash coming, thought the UK should join the Euro and predicted economic woe after the UK left the Exchange Rate Mechanism. When I find an 'expert' who called at least two of those three events correctly, I might take their opinion on Brexit seriously. |