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Faisal Islam @faisalislam
, 5 tweets, 2 min read Read on Twitter
And major Brexit development with Jaguar Land Rover boss saying “we have other options” if UK imposes a WTO model trading on his supply chain costing £1bn+ a year, saying he doesn’t want to be forced to close plants...
Speth tells @Petercampbell1: “we built this company up in 8 years. All that will be undone. It can go down the river so quickly”...
Blimey these are extraordinary quotes from Jaguar Land Rover boss - “we’re in a cycle plan, I have to make a decision...I just can’t wait wait wait wait” he tells @Petercampbell1 about stalled investment on new production while awaiting if he’ll still get frictionless EU trade
JLR boss says Brexit was causing problems with recruiting top talent particularly for electric car development - since Brexit - at interviews first question candidates “always asked” was about Brexit and whether they would be allowed to work he told @ft ...
Big questions for Govt
All this obvious last autumn when I spoke to JLR for #brexitforensics including talent problems, the “hedge” of Slovakia plant, delayed investment - just that now they’ve decided to be explicit about coming point of no return on investment decisions news.sky.com/story/brexit-f…
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More from @faisalislam see all

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Interesting - maybe too late. Labour MPs astonished No 10 failed to consult with unions too. Also one told her directly that her talking up of No Deal as a viable option was making things difficult. Ie they need her to say publicly that No Deal is a disastrous non option...tricky
Labour sources briefing against: “We will look at any proposal that is put forward to improve T May’s bad deal.

“However, amendment would mean MPs supporting deal based on promises that are not legally binding. also doesn’t guarantee UK won’t fall behind on important rights”
“Protection of rights is also one element of this deal. The government has still refused to listen to Labour’s demands for a permanent customs union and a strong single market deal.” Says Labour source...
Read 3 tweets
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Another ticking No Deal time bomb -Lords Grand committee supposed to take 4 hours to deal with 10 Brexit Statutory instruments - Got through just 3 on stem cells, embryology etc, all referred up to full House of Lords.

Hundreds more required to be passed to correct statute book
Some Govt sources suggesting there is a filibustering game going on here - Lords strenuously deny - todays committee included Lord Winston, Warner, Foulkes, Adonis etc, say it is scrutiny legislated for in Withdrawal Bill.

In any event, cant see how they get through all the SIs
Here’s the committee taking on the minister who was trying to get 10 SIs through today... parliamentlive.tv/Event/Index/8a…
Read 4 tweets
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Very good story about Brexit consultancy contracts from @AdamParsons1 and @TomBoadle

My understanding was BCG and Mckinseys ones were to work up rejected plans for New Customs Partnership and Max Fac to test them with very sceptical manufacturers (under gagging clauses ofc)...
Essentially, the Government paying many millions to external consultants to tell them it was going to take years to prepare customs etc, but also trying to square circle of its own red lines on Brexit with keeping frictionless trade.
Plenty of people were telling the Government, often under NDA, for free, that such plans were unworkable...
Read 3 tweets

Related threads

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Worried:

Nissan
Honda
Vauxhall/Citroen/Peugeot
Jaguar Land Rover
Toyota
BMW
Rolls Royce
Confederation of British Industry
Bank of England
Chancellor of the Exchequer
Minister of State for Business, Energy and Industrial Strategy

Not worried:

Boris Johnson

#Brexit
Also worried:

RBS
Barclays
JP Morgan
Citi
NatWest
HSBC

Not worried:

Boris Johnson

#Brexit
Even more worried:

NHS
Royal College of Nursing
Royal College of General Practitioners
Royal College of Veterinary Surgeons
GlaxoSmithKline
Association of British Pharmaceutical Industry
Wellcome Trust
Universities UK

Still not worried:

Boris Johnson

#Brexit
Read 4 tweets
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As a #leavernow I accept the will of the people which is set in stone and soon on headstones of leave voters and embrace the future everyone knew they were voting for
No one ever said #Brexit would be easy except Nigel farage Boris Johnson David Davis liam fox Jacob Rees Mogg Ian Duncan Smith Chris gargling Michael Gove and numerous other prominent brexists however I've not encountered one leave voter who ever listened to anything they said
The people who voted leave all knew that we would face the destruction of just in time manufacturing the loss of financial service jobs not to mention food and medical shortages and I will of course stoically bear it for #Brexit
Read 11 tweets
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#Brexit 1
Cadbury moved factory 2 Poland 2011 with EU grant.
Ford Transit moved 2Turkey 2013 with EU grant.
Jaguar Land Rover recently agreed 2 build a new plant in Slovakia with EU grant, owned by Tata, same company who trashed our steel industry & emptied workers pension funds.
#Brexit 2
Peugeot closed its Ryton (was Rootes Group) plant and moved production to Slovakia with EU grant.
British Army's new Ajax fighting vehicles to be built in SPAIN using SWEDISH steel at the request of the EU to support jobs in Spain with EU grant, rather than Wales.
#Brexit 3
Dyson gone 2 Malaysia, with EU loan. Crown Closures, Bournemouth (Was METAL BOX), gone 2Poland with EU grant,employed 1,200.
M&S manufacturing gone 2far east with EU loan.
Hornby models gone. In fact all toys & models gone from UK along with patents all with EU grants
Read 28 tweets
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1. The car industry, eg Vauxhall and Jaguar-Land Rover, is now beginning to warn openly of serious problems ahead unless we come to a satisfactory trading arrangement with the Eu.
2. I have no doubt that some leaver in the Tory party, or even in the Labour party, will pop um soon to tell us that, if we have a free trade agreement that gets rid of tariffs, then the car industry will be fine.
3. If someone does, do not be fooled. The industry needs frictionless movement of goods between the UK and the EU. That requires the removal not only of tariff barriers, but also of non-tariff barriers. An FTA will only remove the former.
Read 5 tweets
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UK position paper on transition has leaked here: assets.bwbx.io/documents/user…

First major discussion point is of course that UK wants #Brexit transition to last until new relationship is in place.

3 things to learn from that:
a) A sense of realism is taking hold in Westminster on #Brexit. As long argued, a time limited transition is dangerous esp. for the UK, as it creates a new cliff edge. There is very little chance of a fully fledged future relationship negotiated, agreed and fully ratified by 2021
b) The EU strategy of making the UK ask for an extension has worked. If the EU had proposed this, it would have seemed like it wants to keep the UK close indefinitely.

Now it is clear that it is the UK, for economic reasons, that needs this potentially very long transition
Read 4 tweets
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#Brexit
1) Thread - All Brexits are bad and what we voted for
It's often said by brexiters that "it's not all about economics"
However, the *actual* Leave campaign was almost wholly about economic arguments

With the leak of this 2-8% report those arguments are now trashed
2) We seem to have forgotten this however economics played a huge part in the Vote Leave campaign, making up over 2/3rds of the primary arguements. The clear message was we would at the least be no worse off and at best much better off. 4 of the 6 below state this clearly
3) & the fact is voters believed we would be no worse off. People prioritized immigration certainly, but against a backdrop of there being no consequences from Brexit - few are prepared to actually pay for ending FoM
Read 36 tweets

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