Start Trading Now Get Started
Table of Contents
Affiliate Disclosure
Affiliate Disclosure DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

Nissan Reassurance Poses More Questions Than It Answers

By Dr. Mike Campbell
Dr. Mike Campbell is a British scientist and freelance writer. Mike got his doctorate in Ghent, Belgium and has worked in Belgium, France, Monaco and Austria since leaving the UK. As a writer, he specialises in business, science, medicine and environmental subjects.

Brexit may mean Brexit, but nobody (least of all, it would seem, the government) yet knows exactly what “Brexit” means. One thing that businesses detest is uncertainty, so it is unsurprising that those that can are pressing the government for reassurances, if not clarification.

The Japanese government and Japanese firms have been clear that should the UK lose its membership of the EU single market, Japanese investment in the UK would be harmed and some Japanese businesses may decide to relocate back into the single market, leaving the UK.

One area of the UK which voted to leave the EU was the north east of the UK, including Sunderland where the Japanese car manufacturer Nissan has a major plant directly employing 7000 people and providing related work to at least 28000. In the light of the referendum outcome, Nissan said that it may reconsider its development plans for the Sunderland plant. However, following discussions with Mrs May and her team, Nissan said that it had gained the assurances it needed and would be producing two new vehicle lines at the plant.

The government has been very coy about what Nissan was promised, but at the weekend it emerged that the assurances given were that the industry would be "free and unencumbered by impediments" post Brexit. Help would be provided for continued competitiveness within the sector, encouraging the automotive supply chain into the UK and with research and development.

There has been speculation that the move means that the UK intends to remain with the Customs Union, but (typically) this has neither been confirmed nor denied. Whilst welcoming the decision, Labour’s Clive Lewis was sceptical and asked that a letter of support from the government to Nissan be published. "Are we really to believe that Nissan are risking millions of pounds of investment and the success of its newest models on the basis of the government's intentions alone?" he asked, quite reasonably. The government has refused to “give a running commentary” on the Brexit process, but the fact that it appears willing to offer private reassurance to a Japanese/French company whilst declining to brief parliament has angered many.

Dr. Mike Campbell
About Dr. Mike Campbell
Dr. Mike Campbell is a British scientist and freelance writer. Mike got his doctorate in Ghent, Belgium and has worked in Belgium, France, Monaco and Austria since leaving the UK. As a writer, he specialises in business, science, medicine and environmental subjects.
 

Most Visited Forex Broker Reviews