Japan warns UK: Companies would leave UK over Brexit

[Melech 9,900]

"Japan has warned that the U.K.'s planned exit from the European Union could drive Japanese companies out of the country.

Many Japanese corporations have invested heavily in the U.K., including global banking giant Nomura (NMR) and top automakers Toyota (TM), Nissan (NSANF) and Honda (HMC). 

In a 15-page memo made public Sunday during the G20 summit in China, Japan laid out its companies' demands for how the U.K. handles its "Brexit" from the EU. 

Japanese firms saw the U.K. as "a gateway to Europe" when they invested there and now want reassurances that the country will seek to limit any "harmful effects" on their businesses, the memo said. 

Those with European headquarters in the U.K. may move those functions elsewhere in Europe "if EU laws cease to be applicable in the U.K. after its withdrawal," the document warned. 

Japanese companies employ about 140,000 people in the U.K. and an additional 300,000 workers in the rest of Europe. 

International banks operating in the U.K. face particular worries over whether Brexit will end their right to the EU financial "passport" that allows them to sell products in all 28 countries. 

Japanese financial firms could go elsewhere in the EU in order to obtain the passport, the memo said. 

Car makers, which often source auto parts from other parts of the EU for vehicles assembled in the U.K., fear Brexit could add costs and delays to their European operations through customs duties at the border. The extra charges and bureaucracy would have "a significant impact on their businesses," the Japanese memo warns. 

Obama had warned before the U.K. voted to leave the EU that such a move would put the country "at the back of the queue" for a free trade deal with the U.S. And on Sunday, he said the U.S. government is primarily focused on two major trade deals it has been working on for years -- one with the entire EU and the other with countries around the Pacific."

http://money.cnn.com/2016/09/04/news/economy/japan-uk-brexit-warning/

The world at UK: 

 

 

[ItsTommyBitch 12,640]

That gif  

[Sunny 12,753]

yas japan come thru queens 

[weed 79,315]

UK did play themselves! Praying for the people who voted to stay in EU & live in UK

[Bye 3,947]

Good news for other European countries if they can get Japanese companies to invest in them.

[SamJ 8,008]

 

2 minutes ago, neptugne said:

UK did play themselves! Praying for the people who voted to stay in EU & live in UK

Well I feel really blessed to live here, such a great country, I've been to many places round the world and I must say we probably get the most boring, miserable weather but at least we're safe and there's so many good opportunities for people that live here. All my friends and family are happy here. And I can do what I want for a living which is hairdressing so the brexit isn't affecting us positively or negatively really

[Slayer 9,227]

5 minutes ago, neptugne said:

UK did play themselves! Praying for the people who voted to stay in EU & live in UK

Thanks darling, I receive your prayers with grace and class. 

[SamJ 8,008]

18 minutes ago, Simon said:

"Japan has warned that the U.K.'s planned exit from the European Union could drive Japanese companies out of the country.

Many Japanese corporations have invested heavily in the U.K., including global banking giant Nomura (NMR) and top automakers Toyota (TM), Nissan (NSANF) and Honda (HMC). 

In a 15-page memo made public Sunday during the G20 summit in China, Japan laid out its companies' demands for how the U.K. handles its "Brexit" from the EU. 

Japanese firms saw the U.K. as "a gateway to Europe" when they invested there and now want reassurances that the country will seek to limit any "harmful effects" on their businesses, the memo said. 

Those with European headquarters in the U.K. may move those functions elsewhere in Europe "if EU laws cease to be applicable in the U.K. after its withdrawal," the document warned. 

Japanese companies employ about 140,000 people in the U.K. and an additional 300,000 workers in the rest of Europe. 

International banks operating in the U.K. face particular worries over whether Brexit will end their right to the EU financial "passport" that allows them to sell products in all 28 countries. 

Japanese financial firms could go elsewhere in the EU in order to obtain the passport, the memo said. 

Car makers, which often source auto parts from other parts of the EU for vehicles assembled in the U.K., fear Brexit could add costs and delays to their European operations through customs duties at the border. The extra charges and bureaucracy would have "a significant impact on their businesses," the Japanese memo warns. 

Obama had warned before the U.K. voted to leave the EU that such a move would put the country "at the back of the queue" for a free trade deal with the U.S. And on Sunday, he said the U.S. government is primarily focused on two major trade deals it has been working on for years -- one with the entire EU and the other with countries around the Pacific."

http://money.cnn.com/2016/09/04/news/economy/japan-uk-brexit-warning/

The world at UK: 

 

 

At the end of the day the British public overwhelmingly chose to leave what many of us believe is a corrupt system which we don't need. The UK is finally doing what its people want for a change rather than pandering to the rest of the world with no influence.

[Illuminati 15,966]

Just now, UK Monster said:

At the end of the day the British public overwhelmingly chose to leave what many of us believe is a corrupt system which we don't need. The UK is finally doing what its people want for a change rather than pandering to the rest of the world with no influence.

"overwhelmingly"  sorry

 

 

[DeanWinchester 41,390]

4 minutes ago, UK Monster said:

overwhelmingly chose

52%

[SamJ 8,008]

3 minutes ago, BlTCH said:

"overwhelmingly"  sorry

 

 

yes the remain campaign were outnumbered by a few million which is a massive margin!

seems like we're happy bout it also, not me personally but our public

http://www.telegraph.co.uk/news/2016/09/04/two-thirds-believe-britain-is-on-the-right-track-following-brexi/

everyone I know al friends and family voted leave. I didn't vote but I probably would have voted leave if I had to chose

[SamJ 8,008]

1 minute ago, A Gaga Lad said:

52%

Thats a massive swing! The difference was in the millions! Plus all the campaigns for it were very biased in favour of remain but the public saw through the nonsense and voted to leave. Which I think is the right choice tbh, everyone seems happy now we have our country back

[darkchylde 14,857]

thats what you get i guess

i mean, if your movement is supported by nazis and co...

[xdxrovied 323]

i'm going to enjoy it when the UK comes back begging 

[Caesium 6,022]

8 minutes ago, UK Monster said:

Thats a massive swing! The difference was in the millions! Plus all the campaigns for it were very biased in favour of remain but the public saw through the nonsense and voted to leave. Which I think is the right choice tbh, everyone seems happy now we have our country back

Leave won by about 1.3 million votes, so not in the millions actually 

We haven't even begun to see the full impact of Brexit and will fail to do so for another two years, so we do not yet have our country back and we have only experienced the mild aftershocks of the decision. Once we officially leave we will feel the full impact of the majority's decision and only then will the decision really be supported or objected by the public. In my opinion, we made a bad move and our generation is going to experience that most of all.