• We have to have over 60% UK originating content in anything that we produce for it to count as being made (rather than assembled) here.

    Whilst a member of the Single Market then we can count other EU nations output as "ours", as we are all in the EU.

    Once we leave then only those parts that are made here count for UK content - and almost nothing that I'm aware of other than substantially un-transformed agricultural goods meets that standard.

    For e.g. we don't "make" a single road car that meets rules of origin requirements to be considered a UK product, post Brexit - if we leave the Single Market.

    Labour have talked about "a" customs union, but they've ruled out the Single Market.

    That (effectively) makes it impossible for anything that (say) Nissan produces here to qualify for any FTA that the UK might sign, as we don't make them, we assemble them.

    Which means that every single Nissan (and Honda, and Jaguar, Land-Rover, Mini) would have tariffs applied even if we signed an FTA with the EU that zero-rated everything, as that everything means stuff we make.

About

Avatar for Dammit @Dammit started