THOSE HOLLOW PROMISES TO JAPANESE CAR COMPANIES
Posted: Thu Feb 08, 2018 6:57 pm
Are coming back to haunt the Leaver brigade....
The Japanese ambassador has warned Theresa May that his country’s firms will quit Britain if a botched Brexit makes it “unprofitable” to stay.
Koji Tsuruoka laid bare growing nervousness about the impact of EU withdrawal on the Japanese car giants, banks and tech companies after meeting the Prime Minister in Downing Street.
“If there is no profitability of continuing operation in [the] UK, not Japanese only, no private company can continue operations,” Mr Tsuruoka said.
“So it is as simple as that. And this is all high stakes that I think all of us need to keep in mind.”
The warning comes after the Japanese government, in a leaked letter, called on Ms May to keep Britain in the EU single market and customs union and maintain a free flow of workers.
But the Prime Minister has vowed to pull the UK out of the EU’s economic structures and end free movement of citizens.....
And of course, it isn't only the car companies. Japanese banks insist that they must have a passport to deal from the UK into the EU, or it's offski.
My bet is Germany (Frankfurt) for the banks, and Spain for the car companies.
http://www.independent.co.uk/news/uk/po ... 01286.html
The Japanese ambassador has warned Theresa May that his country’s firms will quit Britain if a botched Brexit makes it “unprofitable” to stay.
Koji Tsuruoka laid bare growing nervousness about the impact of EU withdrawal on the Japanese car giants, banks and tech companies after meeting the Prime Minister in Downing Street.
“If there is no profitability of continuing operation in [the] UK, not Japanese only, no private company can continue operations,” Mr Tsuruoka said.
“So it is as simple as that. And this is all high stakes that I think all of us need to keep in mind.”
The warning comes after the Japanese government, in a leaked letter, called on Ms May to keep Britain in the EU single market and customs union and maintain a free flow of workers.
But the Prime Minister has vowed to pull the UK out of the EU’s economic structures and end free movement of citizens.....
And of course, it isn't only the car companies. Japanese banks insist that they must have a passport to deal from the UK into the EU, or it's offski.
My bet is Germany (Frankfurt) for the banks, and Spain for the car companies.
http://www.independent.co.uk/news/uk/po ... 01286.html