Brexit champion James Dyson's appliance-making firm Dyson has announced that it is moving its headquarters from Malmesbury in Wiltshire to low regulation tax haven Singapore.
Further to the announcement in October that Dyson's new £2bn electric car plant will be built there, Chief Executive Jim Rowan has announced that the company's registration, as well the offices of its CFO and CTO, will also move from the UK to Singapore.
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Yet another one of Brexit's great standard bearers bails on a UK heading for what Dyson himself would have had you believe two years ago would be a no-deal Brexit paradise
Just waiting for Bamford to announce that JCB are building their new factory in Slovakia and will be relocating their HQ to Liechenstein to complete the full house now.
From Boris and his disappearing act, to Lawson and his French residency, to Dyson and his "future-proofing", to Wigmore who is on his way to Belize, to Mogg and his divestment and Dublin office, to Banks and his offshore tax companies, to Farage and his EU pension, each and every one of them has mugged Leave voters off good and proper, and must be secretly wetting themselves about what is coming.
You've been done, UK. Taken for absolute simpletons
Off topic: Dyson to move HQ to Singapore
posted on 23/1/19
comment by There are some who call me.........Tim (U7708)
posted 5 minutes ago
comment by scholayScholes (U13961)
posted 10 hours, 39 minutes ago
I voted remain and still think this whole Brexit malarkey is a bad idea. I however support the will of the people and won't vote if a 2nd referendum came about, I just do not think it is fair.
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That's very noble of you Scholay, but what if the so call will of the people was formed on the basis of utter lies, spread wilfully buy corrupted people in it only for their own gain?
Take Rees Mogg for instance. He claimed on telly in March 2017 that we cannot crash out in a Hard Brexit, because under WTO rules you can maintain your current existing standards (with the EU) for 10 years if you are negotiating a new Free Trade Deal. This is being used by Brexit voters all over the internet as proof off the great flexibility the WTO offers. But it is not true! See link:
http://www.politics.co.uk/blogs/2018/05/21/what-one-piece-of-jacob-rees-mogg-nonsense-tells-us-about-br
Hence why we haven't heard about it anymore for the last 1 year and 10 months or so.
Now Rees Mogg is a funny person. He wants a Hard Brexit, and even called Mays deal worse than remaining, because we will still be tied to the EU and not able to make our own trade deals, whilst losing all control over matters. Now he suddenly fully supports May though even if he thinks it's the worst possible outcome for the UK. One almost thinks he is desperate to leave the EU no matter what and how.....
And he is not the only one, there are a number of these Hard Brexit politicians have wealth hidden in tax havens like the Cayman Islands......I am sure these Brexiteers (and their wealthy party donors)do not want to leave the EU because the EU is introducing in 2019 an Anti Tax Avoidance Directive that will make things very difficult for Mogg etc indeed. I am sure Mogg really believes turning the UK in a tax haven will really benefit the country and is not just for his benefit. By the way, Mogg and other Brexiteers have admitted in July last year we might have to wait 50 years to feel the Brexit dividend. Very different to the glorious Brexit dividends that would fall in our lap right away if we voted out. Hope you can be patient digging for victory in the mean time, cos apparently we will al be fine growing our own veggies again in the mean time like during those glory days of the Blitz, hallelujah! (this really was an actual article in the Daily Mail!)
Then we go to claims like we will be fine on WTO rules cos "only" 44% of our exports go the the EU, and "only" 53% of all our imports come from the EU, and we will have the rest of the world to make better deals with...
Well, no. Cos through the EU we have 68 WTO deals with other countries and regions in the world, on better conditions than the standard minimum WTO tariffs we will fall back to if we leave the EU. In fact, the EU has just agreed a deal with Japan, I think the 3rd biggest economy in the world, is in the middle of negotiating more, and when those deals are signed and done, they will cover 88% of our total trade. Under terms we as a single country will never be able to negotiate!
But wait, there is more. Brexiteers say the EU is trading with the USA, China and Russia on standard WTO terms, and they are the real superpowers, and we can strike deals with them and all is fine.
Well, no. The EU doesn't have WTO trade deal with them, but those are apparently not the most important trade deals (I only learned that the other day). The biggest problem if we crash out of the EU is not that we have to pay more tariffs on our imports,
but far more important are Mutual Recognition Agreements (MRA's) on conformity assesments. These get around border tests of goods, or non-tariff barriers, which can take up to 10 days to complete and ad £1000s in extra costs. The EU has currently 135 non barrier trade deals with the USA and 65 with China. The UK will have non if we leave, so trading on WTO terms only will not be a viable option as MRA deals in general take even longer to do than the 5 years a WTO deal takes.
For this last bit read this article on the Leave Alliance (!!!) who say WTO will be a disaster for the UK.
http://leavehq.com/blogview.aspx?blogno=128
No, for the sake of the future of our children, and my daughter in particular <;-0> I hope you and all other remainers will do all that is possible to fight a (hard) Brexit, and do vote again if it would ever come down to a Peoples Vote.
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Good post. I had to unfollow Pete North (Leave Alliance) on twitter as he’s a bit a
Few decent blogs on trade:
http://www.norgroveblog.co.uk/search/label/WTO%20Option
https://tradebetablog.wordpress.com/2017/02/08/why-uk-already-under-wto-rules/
https://www.explaintrade.com/
What grates the most is the ERG fantasists are very rarely challenged by interviewers, as they are more often than not uninformed.
So IDS, JRM, Redwood, et all can spout soundbites they’ve been fed by Patrick Minford and Shanker Singham
If you are on Twitter the following are a good follow:
Dmitry Grozoubinski. Aussie WTO trade expert https://twitter.com/DmitryOpines?s=09
David Henig - Former UK trade negotiator https://twitter.com/DavidHenigUK?s=09
Peter Ungphakorn 20yrs at the WTO https://twitter.com/CoppetainPU?s=09
Trade News Analysis https://twitter.com/TradeNewsCentre?s=09
Jim Cornelius - tarriff expert https://twitter.com/Jim_Cornelius?s=09
posted on 23/1/19
"...for the sake of the future of our children..."
This is what bothers me most: the people who have most to lose, and those who demographically are most likely to be disappointed about the UK's exit from the EU have, have had their wings clipped and their freedoms curtailed by a generation falsely remembering a rosy nostalgic world that never really existed, and that the young wouldn't recognise or even want to live in.
posted on 23/1/19
Thanks Admin. What really gets me is that all this info is freely available on the internet, but during all the tv debates and news programs about Brexit I have watched, I have not heard a single politician etc come up with this when audiences are baying for WTO rules. Someone on tv must explain what wto rules really mean, and what - trade wise - we really will miss out on, when leaving the EU.
posted on 23/1/19
@ What would Stuart Pearce do?
thanks for the links. Looks like I will have some reading to do tonight
posted on 23/1/19
Boris and his all his Tory chronies tell us that Corbyn is unelectable and yet gave as the only reason why he voted confidence in May's Government, of which they still ALL proceeded to annihilate her core policy, as not been responsible for handing the keys to No 10 to Corbyn.
So he is highly electable then, Boris?
posted on 23/1/19
So he is highly electable then, Boris?
................
If the UK held a General election now, the results wouldn't be much different than the last time round.
Corbyn couldn't win the No Confidence vote he asked for.
With what is going on with the Tories and Brexit right now, Labour should be trouncing the Tories.
There is a reason why they are not.
posted on 23/1/19
I do warm to Corbyn sometimes, but he is totally unelectable right now by the average voter.
Yvette Cooper would wipe the floor with the Tories, however. Change of leadership required.
posted on 23/1/19
comment by Beeb (U1841)
posted 31 minutes ago
I do warm to Corbyn sometimes, but he is totally unelectable right now by the average voter.
Yvette Cooper would wipe the floor with the Tories, however. Change of leadership required.
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Yvette Copper would not make me want to vote Labour, I would probably resign my Labour Membership if Blairites ever got near the Leadership. Why vote for Red Tories, when I could vote for the real thing.
If Yvette was ever in power nothing would ever change. probably a nice lady, but she is just an establishment stooge. Look at the way she quickly ran off to Number 10 last week, as soon as May clicked her fingers, and what for, absolutely a waste of time. But it gave her a bit of limelight so off she trundled. Corbyn did exactly the right thing, completely snubbed May. If May was serious she would have got together with the Labour Party two years ago. It is pure desperation now.
posted on 24/1/19
Clueless Brexiteer post of the day:
"7. Posted by Kaloody on
38 minutes ago
Who even are airbus? I only fly Ryanair. No great loss. MORE PROJECT FEAR."
https://www.bbc.com/news/business-46984229
posted on 24/1/19
comment by rosso is facking happy (U17054)
posted 7 minutes ago
Clueless Brexiteer post of the day:
"7. Posted by Kaloody on
38 minutes ago
Who even are airbus? I only fly Ryanair. No great loss. MORE PROJECT FEAR."
https://www.bbc.com/news/business-46984229
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Airbus have also lost access (procurement) to Galileo. Thanks largely to a UKrep motion back in 2009/10 which prevented non-member states from accessing the project. The UK has spent over a billion pounds on Galileo over the years and it’s now been pi$$ed up a wall.
https://www.bloomberg.com/news/articles/2018-12-03/airbus-slams-eu-as-brexit-leads-u-k-to-quit-key-defense-program