Stuff tax £s up Nissan's backside to keep 'em from leaving - way to save the economy!

You seem to be happy Britain has got itself in such a weak position it has to pay foreign companies to stay in the country.

As to what made Nissan stay in the country, Nissan has insisted it get compensation if Brexit adversely affected their business and I think it safe to assume that is what they got.

The problem now is all other companies will want the same which means Britain could end up paying billions to companies if their businesses are affected by Brexit. This gives extra ammunition to EU negotiators who will use it to leverage a better deal from Britain.

You just keep pushing your assumption that the UK government is 'paying' Nissan to stay. It had been denied outright by government officials.

I challenge you to give me evidence or any verified news source that indicates that the government is paying Nissan.

Until you have evidence to back up your claim, it just makes you someone who's trying to find a problem to complain about when there isn't any.

You can infer things you know, its called deduction, Nissan says in public it wants compensation to stay in Britain, the government does a secret deal with Nissan and they stay in Britain. Its not too much of a stretch to deduce Nissan was promised compensation to stay in Britain.

You should watch Sherlock to get the idea of what deduction is, its out on DVD and there are many attractive and talented actors in it.

A little condescending. I'd suggest that that's actually conjecture rather than deduction.

There are indirect ways the government can 'compensate' if tariffs were imposed, but Article 3 of WTO rules explicitly prevents subsidies from being paid. I'm inclined to believe confidence has been restored as part of the new industrial strategy being paved: should have more of an idea of this later in the year.

You can infer things you know, its called deduction, Nissan says in public it wants compensation to stay in Britain, the government does a secret deal with Nissan and they stay in Britain. Its not too much of a stretch to deduce Nissan was promised compensation to stay in Britain.

You should watch Sherlock to get the idea of what deduction is, its out on DVD and there are many attractive and talented actors in it.

And East Asian governments have also done this for years.

What it really exposes is the fallacy of the "Washington consensus" that "the free market is always best" and "government should just step out of the way".

I wonder what would happen if the UK government allowed "market forces" to determine investment in the UK post-Brexit.

It is worth noting that the only reason Airbus operates it's A320 final assembly line in Hamburg because the German government and the EU gives them loans and guarantees.

When another government does this its, of course, completely fine.
When the British government does this it is, of course, a sign of corruption and desperation.

1. The government had stated explicitly there is no compensation involved to Nissan.

2. It was confirmed that the assurance was a government verbal commitment to maintain tariff free trading between the UK and the EU for the automotive industry.

Now you can 'deduct' all you want, at the end of the day your views are assumptions which had been denied publicly by the government.

Anything the government does that do not fit your agenda, you can keep 'deducting' it into other things.

Now it is simply be a case of what Maker thinks on TSR, versus official government statements and verified news sources.

Then I can say we live in a time when TitanicTeutonicPhil's opinion clearly is more important than official government sources saying otherwise.

Growth had been sluggish across the EU and the World, especially China, compared to same period last year. Q3 growth of 0.5% is actually higher than most EU countries.

Also not sure you know how stock markets work, they self regulate. It is by no means cheap at this current level, if it is indeed cheap then it would adjust to it in an instant, anything else would just be your assumption.

There is also no evidence that Financial Services industry is relocating. You are taking the words of a few trade associations bosses and trying to spin it into fact. They said many things before the referendum which are proved false now.

As for enemployment - 'The total number of people in jobs remained at a record high of 31.8 million, the ONS figures showed. Although there was a "small rise" in unemployment, it was accompanied by more people actively seeking work, ONS statistician Nick Palmer said. Some of that rise came from more women looking for work. In the three months to August, 73.4% of women were either in work or seeking jobs, the highest rate since records began in 1971, the ONS said.'

There are actually a record number of people in work. It's just that more people are now actively seeking work when they previously weren't, also a good thing to our economy.

Business confidence is high and exceeding pre-referendum level, with a current upward trajectory

1. The government had stated explicitly there is no compensation involved to Nissan.

2. It was confirmed that the assurance was a government verbal commitment to maintain tariff free trading between the UK and the EU for the automotive industry.

And what does point 2 equate to, hmmm? Since you will lose access to the single market, someone will have to pay for those tariffs - oh yeah, it'll be the taxpayer!

Look at post #49 in this thread. The government has ADMITTED that assurances (read: financial benefits) have been given. You are wrong, mate. You've been making yourself look like an absolute idiot in this thread for several days now for not keeping up with the news. Well done.

Fact is: growth is down after Brexit. It is hurting your economy, and will do so even more in the next months and years.

I seem to know much better than you how they work, given that I have actually worked in the industry and don't just talk out of my ass like you stupid child. With your collapsed currency, it is indeed cheap for foreign investors to buys stock of internationally active companies based in the UK (unlike with geographically un-diversified companies, as they will suffer when the UK's economy goes down the drain). Not an assumption, it's a fact - you're just not intelligent enough to comprehend it.

Again, you don't really follow what's going on, do you? Well, here you are, let me make you look like an idiot once again:

https://www.theguardian.com/politics...t-of-brexit-uk

Britain’s biggest banks are preparing to relocate out of the UK in the first few months of 2017 amid growing fears over the impending Brexit negotiations, while smaller banks are making plans to get out before Christmas.

[...]

Of Britain’s position, he writes that banking is the country’s biggest export industry by far, and that the current trajectory threatens not just tariff-free trade but the legal right of banks to provide services.

Unemployment is up. Of course more people are looking for work, it's clear for everyone to see how your economy is tanking, people are panicking, even your hordes of moochers. Too bad business are letting people off in greater numbers because they know tough times are ahead.

It's actually at referendum levels, not exceeding. And what level is it coming from? So 37% of surveyed firms think business prospects will improve? That's not a whole lot. And that's only because Brexit hasn't actually been triggered and firms know your government is dragging its feet - you don't wanna wreck the economy earlier than needed, do you?

Bonus article for you: http://www.bbc.com/news/business-37838087
Enjoy rampant inflation!