Yes I get that. Like I say I'm no expert. As I see it. Prices will be higher regardless. but more money going back into the American economy. More jobs. Less cost on the welfare system. I'm absolutely no fan of Trump. But neither am I a fan of slave labour. We buy Chinese goods. Companies like Dyson also move production to other countries to cut costs to the consumer. But all that does is make people unemployed in our country and create another cost to the state. There has to be a case for helping companies and not unemployment. Most of our utilities are owned by foreign companies. Profits going to shareholders and the population funding the mismanagement. https://www.google.com/url?sa=t&sou...CB4QAQ&sqi=2&usg=AOvVaw0efCFEFSv8U8PfpcSThI9N
Bit like coal. We closed the mines and imported coal from countries using cheap labour or massively subsidised by their own governments.
Something needs to be done. As starmer says the world is changing. We have to look to our own state of affairs. More and more products are being shipped from slave labour countries. (And the ownership of our utilities as posted in the link, thank the tories for that) Leaving us with more and more unemployment. Funded by you. Why not fund employment instead. And support companies. Steel making has all but gone. Making 100s of thousands unemployed over the years. When the pits shut it didn't only cost 200,000 miners their jobs but 100s of 1000s in support companies.
Yeah, it’s a fair point. Similar happened when Ford released the new Transit Custom back in 2014. The Southampton plant closed, and all production was moved to a purpose built facility in Turkey - which was heavily subsidised by EU grants some years earlier. This shouldn’t have been allowed to happen really - if any grants were given, it should have been to the original plant, which at the time was still in the EU, and that should have been modernised and kept production in the UK.
Fair comment. If importing goods becomes expensive, and the alternative is making the goods domestically which is also expensive, you may as well make them domestically, as the net-gain economically is far greater. In terms of GDP, Welfare, better living standards and also the chance for folk to have proper permanent jobs, it’s a better prospect. But like you say, costs will still be higher than before.
Sorry, specifically it was the EIB, which is joint owned by the EU members. There was a grant and then a large loan provided at very favourable rates.
Probably because it's a member of the Customs Union, Honda had a plant there as well as Swindon, both were closed when Honda abandoned European manufacturing. It was also pre Erdoğan when Turkey were well on the path to EU membership....in fact Osborne gave Turkey millions in order to speed up Turkish accession...it all went pear shaped when Erdoğan took power. https://drupal.bankwatch.org/bwmail...uts-jobs-europe-eus-bank-delivers-ford-turkey
Production must have been running smoothly. My mate at Elsecar. a sparky on the face underground. Was confronted by an overman asking why he was sat on his arse. His reply was. "If I'm sat on mi arse. That means jobs running" And tbh wages were that crap ont pit top. Way below national average. Even for the top grade. Grafting thi balls off should have been out of the question. Lots did.