Intel won't build a chip fab in the UK because of Brexit

[Mjswooosh]

the Scandi countries that don't have EU membership are in the single market or customs union. They have to accept the 4 major pillars including free movement.
The UK has nothing, we have been cast adrift from our closet and biggest trading partner with a flimsy tariff free agreement. Of course we can survive but to prosper would take a long time given our deep integration. Part of the reason for the petrol crisis is that we operate on JIT for the stocks. Hard to do when there's a labour shortage and we've been reliant on that free movement of people.
The government did nothing to prepare the business except with platitude and uncertainties. But we reap what we sow for voting in this **** shower.

The bottom line is there is no easy, quick way out of 40+ years of Neoliberal economic destruction (arguably 75+ years in the UK…& reference the Dutch if you want another even earlier example). The Piper must be paid and there is going to be a time of pain before restoring anything close to widespread prosperity. The notion that continuing down the same path which destroyed the UK’s middle class is somehow going to result in profits flowing anywhere but to the top is the height of naïveté and, frankly, indicates some people are simply living in a fantasy world in their minds.

 

[Irata]

They might choose Ireland, like Apple does for tax reasons. Their corporation tax is something silly like 10%, although the UK attracts a lot of big business with custom tax deals. I'd say don't rule the UK out.

The Ireland tax deals are more attractive for hq situations rather than manufacturing.

Funny detail: For Ireland, you have to pay taxes where your management is located, in the US where your hq is located.
So if the hq is in Ireland while management sits in the US, where do you pay taxes?
Bonus points if you have to pay license fees (for the use of trademarked logos, names) to a Dutch subsidiary.

 

[hahahanoobs]

Who needs high paying jobs from Intel anyway!
That would look horrible on a resume that's for sure.

 

[McMurdeR]

The bottom line is there is no easy, quick way out of 40+ years of Neoliberal economic destruction (arguably 75+ years in the UK…& reference the Dutch if you want another even earlier example). The Piper must be paid and there is going to be a time of pain before restoring anything close to widespread prosperity. The notion that continuing down the same path which destroyed the UK’s middle class is somehow going to result in profits flowing anywhere but to the top is the height of naïveté and, frankly, indicates some people are simply living in a fantasy world in their minds.

So things will get worse before it gets better! No doubt everyone in Britain will rest easy now..

 

[defaultluser]

Of course they can survive outside the EU and obviously they will eventually solve the issues with drivers and workforce, I admitted as much in my post before, but surviving is not the same as thriving and in this specific case you have the word of the involved corporation (Intel) in saying that they're skipping the United Kingdom because of Brexit, I don't really understand how it's difficult to see where the negative effect of Brexit begins.

Well, if you want to THRIVE inside the EU, then you need to be able to compete with "Least Common Denominator Countries" like Ireland.

The more desperate countries have already shown us: the only way you can ever hope to grow massively in the EU its to copy the same Sellout-System (TM) as we have been using in the US fort the last fifty years!

It's not like anyone higher up is ever going to enforce these regulations for countries like Ireland!

 

[BadThad]

Or they could just choose not break the law so they don’t get fined.

Or the EU could choose to stop dreaming up laws and making bizarre interpretations so they can fine.

 

[Ultraman1966]

The bottom line is there is no easy, quick way out of 40+ years of Neoliberal economic destruction (arguably 75+ years in the UK…& reference the Dutch if you want another even earlier example). The Piper must be paid and there is going to be a time of pain before restoring anything close to widespread prosperity. The notion that continuing down the same path which destroyed the UK’s middle class is somehow going to result in profits flowing anywhere but to the top is the height of naïveté and, frankly, indicates some people are simply living in a fantasy world in their minds.

Yes, IF there was a plan. This government couldn't organise a piss up in a brewery.
The notion, also, that the Tory party followed this path because they care about people, especially the middle class, is nothing sort of delusional. We are being led by a populist government, this was never about "leveling up".