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Scoop.it!
Nissan says its car plant in Sunderland will be at risk if it has to pay tariffs on vehicles exported from the UK to the EU. The governor of the Bank of England, Andrew Bailey, has told banks they need to prepare for the possibility that there will be no deal. It is something of an understatement to say that the talks between London and Brussels are not going well. 
fenue.genjang@gmail.com's curator insight,
June 9, 2020 3:36 PM
This article talks about Britain's plan to place tariffs on other European countries after her withdrawal form EU. Nissan is already complaining of the risk if they have to pay tariff for the exportation of their cars from Sunderland in Britain to other European countries. This will actually cause the increase in Nissan's car prices and other exports from Britain to other European countries causing a fall in demand. There will also be a fall in supply due to the increase in the cost of production.
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Some interesting Business Briefs from Larry Elliot this morning: he starts with Brexit, and the prospects for a deal of some description, moves onto the current economic response to the pandemic, and then looks at Davos.
How long ago that all seems now; one wonders how much time the delegates spent discussing coronavirus amidst all the canapes and glad-handing?