Ferdinand Posted March 6, 2020 Share Posted March 6, 2020 (edited) Interesting electric vehicle sales numbers (SMMT). https://www.smmt.co.uk/wp-content/uploads/sites/2/February-Fuel-2020-and-YTD-cars.png Edited March 6, 2020 by Ferdinand Link to comment Share on other sites More sharing options...
Jeremy Harris Posted March 6, 2020 Share Posted March 6, 2020 One thing to watch is that the SMMT only report data from manufacturers that are members. This creates a bit of an issue with Tesla, as they have refused to join the SMMT, so consequently their sales are classified by SMMT as "other", meaning they tend not to show in some of the statistics that SMMT publish. Link to comment Share on other sites More sharing options...
daiking Posted March 6, 2020 Share Posted March 6, 2020 There seem to be a lot of fossil fuel cars made in Germany on those lists Link to comment Share on other sites More sharing options...
Markblox Posted March 12, 2020 Share Posted March 12, 2020 (edited) New Tesla factory in the US coming. To build the Cybertruck. https://t.co/xghXJLCsLc?amp=1 Edited March 12, 2020 by Markblox Addition Link to comment Share on other sites More sharing options...
Temp Posted September 11, 2020 Share Posted September 11, 2020 New deal with Japan signed. Expected to boost GDP by..... 0.07%. Link to comment Share on other sites More sharing options...
Pocster Posted September 11, 2020 Share Posted September 11, 2020 Yay ! Brexit it back Link to comment Share on other sites More sharing options...
ProDave Posted September 11, 2020 Share Posted September 11, 2020 At least if the German or French cars are too expensive with the extra tariffs we can buy Japanese then? Link to comment Share on other sites More sharing options...
SteamyTea Posted September 12, 2020 Share Posted September 12, 2020 10 hours ago, Temp said: New deal with Japan signed. Expected to boost GDP by..... 0.07%. Is that right. I think we do around £280bn worth of trade with the EU, and this deal, which is just a re-jigger version of what we already have, is worth around £16bn. To put that into perspective, it is about double the economy (GVA) of Cornwall, or about the same as the GVA of Buckinghamshire. Link to comment Share on other sites More sharing options...
Ferdinand Posted September 12, 2020 Share Posted September 12, 2020 (edited) 13 hours ago, Temp said: New deal with Japan signed. Expected to boost GDP by..... 0.07%. I have little idea what that number actually means in practical terms - in relation to 15bn of extra trade every year. Except that it is supposed to look small, perhaps by parties who are not happy that we are signing trade deals. Or media after easy headlines. Edited September 12, 2020 by Ferdinand 1 Link to comment Share on other sites More sharing options...
Temp Posted September 12, 2020 Share Posted September 12, 2020 Sky news is saying the 0.07% figure comes from "government analysis" and is over 15 years.. https://news.sky.com/story/uk-strikes-agreement-with-japan-to-secure-first-post-brexit-trade-deal-12068674 Better than no deal I guess. Link to comment Share on other sites More sharing options...
SteamyTea Posted September 12, 2020 Share Posted September 12, 2020 (edited) 2 hours ago, Ferdinand said: I have little idea what that number actually means in practical terms I don't think it is actual 'extra' trade. Just clarifying the taxation position for when our government takes us out of the existing trade deal. There are benefits in having this deal, but they are not very great. We would need 20 or so similar sized deals to get back on an even keel. Trouble is that all but 5 (or more) of those deals will be with countries that have smaller economies than ours. I have not bothered to look at the details, but a news report said that over 90% of items traded with Japan will be tariff free. This says very little as it does not mention value. Edited September 12, 2020 by SteamyTea Link to comment Share on other sites More sharing options...
DamonHD Posted September 12, 2020 Share Posted September 12, 2020 It also isn't the tariffs (alone) that kill you unless the vast majority of your economy is (often low-value) physical goods, which the UK's isn't. Rgds Damon Link to comment Share on other sites More sharing options...
joe90 Posted September 12, 2020 Share Posted September 12, 2020 Interestingly enough that I read recently that the revenue we get from WTO rules from other countries we give to the EU minus a 20% handling fee. Link to comment Share on other sites More sharing options...
puntloos Posted September 25, 2020 Share Posted September 25, 2020 One thing I heard is that at least for the first 6 months, the UK is waiving all import fees from countries, so while there might be export fees, presumably if you manage to get some orders in before July you could still have good value? 1 Link to comment Share on other sites More sharing options...
rbw Posted September 25, 2020 Share Posted September 25, 2020 6 hours ago, puntloos said: One thing I heard is that at least for the first 6 months, the UK is waiving all import fees from countries, so while there might be export fees, presumably if you manage to get some orders in before July you could still have good value? Hello... do you have a source for this info? The UK gov website says “From 1 January 2021, the UK will apply a UK-specific tariff to imported goods”. https://www.gov.uk/guidance/uk-tariffs-from-1-january-2021 The actual tariffs themselves appear to be governed by the Byzantine rules for non eu imports. I wouldn’t be surprised if some suspension is put in place, but at the moment I can’t find any reference to it. cheers. Link to comment Share on other sites More sharing options...
SteamyTea Posted September 25, 2020 Share Posted September 25, 2020 13 minutes ago, rbw said: Hello... do you have a source for this info? Driving home last night I heard something on the radio about the wine industry wanting no tariffs to help our wine exports. I don't know the size of the wine industry in the UK, but I suspect it is smaller than fishing, which at 100 million is very small (GDP is around 2.7 trillion). Link to comment Share on other sites More sharing options...
daiking Posted September 25, 2020 Share Posted September 25, 2020 1 hour ago, SteamyTea said: Driving home last night I heard something on the radio about the wine industry wanting no tariffs to help our wine exports. I don't know the size of the wine industry in the UK, but I suspect it is smaller than fishing, which at 100 million is very small (GDP is around 2.7 trillion). Not to take away from your point which is perfectly reasonable but UK GDP is closer to £2.2 trillion (2.7t US dollars ish) Link to comment Share on other sites More sharing options...
SteamyTea Posted September 25, 2020 Share Posted September 25, 2020 26 minutes ago, daiking said: 2.7t US dollars ish Yes, misread it as £. Link to comment Share on other sites More sharing options...
puntloos Posted September 26, 2020 Share Posted September 26, 2020 (edited) On 25/09/2020 at 08:31, rbw said: Hello... do you have a source for this info? The UK gov website says “From 1 January 2021, the UK will apply a UK-specific tariff to imported goods”. https://www.gov.uk/guidance/uk-tariffs-from-1-january-2021 The actual tariffs themselves appear to be governed by the Byzantine rules for non eu imports. I wouldn’t be surprised if some suspension is put in place, but at the moment I can’t find any reference to it. cheers. https://www.cbi.org.uk/uk-transition-hub/importing-goods-from-the-eu/ is the closest thing I could find, sorry. I think I heard it on TLDR news or something. Apologies I should've caveatted it a bit better that it's something I think I heard but can't find now. Edited September 26, 2020 by puntloos Link to comment Share on other sites More sharing options...
rbw Posted September 26, 2020 Share Posted September 26, 2020 Thanks @puntloos that link is really helpful and does as you say suggest that there’s going to be a further transition, but looks as though duty will still apply but on the UKGT tariff which is generally more favourable but just as incomprehensible! Still don’t feel like chancing it so am going to try and get any big ticket items I need for my build in the country before the deadline if I can. 2 Link to comment Share on other sites More sharing options...
Temp Posted September 26, 2020 Share Posted September 26, 2020 As I understand under WTO rules we have to impose the same tariff on imports from all countries unless we have a trade agreement with them. So for example we currently impose 6% duty on imports of Aluminium products from non-eu countries. After the end of the year we have to decide if we will impose 6% duty on imports from the EU as well or some other rate. If we decide to reduce it to zero for the EU we have to reduce it to zero for all countries that we don't have a trade agreement with. We risk allowing cheap imports from say China to wipe out UK based manufacturing - the reason we have a tariff at the moment. Link to comment Share on other sites More sharing options...
Temp Posted September 26, 2020 Share Posted September 26, 2020 Heard on the radio today... What colour should the new Kent passport be? Link to comment Share on other sites More sharing options...
daiking Posted September 27, 2020 Share Posted September 27, 2020 3 hours ago, Temp said: Heard on the radio today... What colour should the new Kent passport be? Bedwetter yellow Link to comment Share on other sites More sharing options...
Onoff Posted September 27, 2020 Share Posted September 27, 2020 3 hours ago, daiking said: Bedwetter yellow That'll be all the weak shandy. Link to comment Share on other sites More sharing options...
SteamyTea Posted September 27, 2020 Share Posted September 27, 2020 1 hour ago, Onoff said: weak shandy Read that as hand shandy. Link to comment Share on other sites More sharing options...
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