Reply to post: Re: I call bo**cks!!!!

Vodafone hints at relocation from UK

Alan Brown Silver badge

Re: I call bo**cks!!!!

Unless the UK can negotiate a deal(*), any cars made in UK will be subject to WTO-standard 10% import duty when they land in the EU. Everything else will be subject to customs inspection and possible tarriffs

That alone is enough for the multinationals to relocate manufacture to the mainland. The remaining RHD market is too small to justify keeping the factories open.

Banks have already begun the move to the mainland. They can't stand for the uncertainty. Multinationals moving their HQs is a given for the same reason - especially the tech outfits.

Expect to see a string of announcements. Whether Brexit happens or not, the avalanche has been triggered and the pebbles can no longer vote.

(*) The odds of negotiating a deal are slim to neglibible. The EU wants this to HURT, so that other counties will think twice. If the UK parliament opts to ignore the brexit vote then any negotiations are going to be able negoiating the concessions we just lost (they're toast, like a petulent spoiled brat, Cameron pushed further than the EU will tolerate and everything gained thus far can be considered lost)

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