You've forgot to look at the other side of the coin. Due to the EU trade tariffs with Asian and US countries, many non-EU manufacturers took advantage of the "final fabrication" loop-hole and the huge EU subsidies aimed at helping poor economic areas of the UK gain jobs, and set up fabrication plants in the UK.
Asian car manufacturing were and are heavy investors in the UK, in order to produce vehicles for the UK and EU markets [1].
Those perks have just evaporated, along with the jobs. The blue collar workers that heavily backed a Brexit, have shot themselves in the foot. It makes financial sense for Toyota who sell 90% of their UK produced vehicles to move away from the UK and back into the EU zone. They have just lost their EU trade tariff benefits and been hit by the GBP/EUR drop, making their cars 8.5% more expensive to 90% of their customers.
Those firms would be hit hard by a Brexit, losing preferential tariff and
customs treatment in Europe. Toyota, for example, exports 90% of its U.K.-
built cars.
If you haven't got a job, you can't buy German cars anyway. The argument is mute. This vote is going to have a huge impact on jobs, since being part of the Eurozone was more than just British imports.
Asian car manufacturing were and are heavy investors in the UK, in order to produce vehicles for the UK and EU markets [1].
Those perks have just evaporated, along with the jobs. The blue collar workers that heavily backed a Brexit, have shot themselves in the foot. It makes financial sense for Toyota who sell 90% of their UK produced vehicles to move away from the UK and back into the EU zone. They have just lost their EU trade tariff benefits and been hit by the GBP/EUR drop, making their cars 8.5% more expensive to 90% of their customers.
If you haven't got a job, you can't buy German cars anyway. The argument is mute. This vote is going to have a huge impact on jobs, since being part of the Eurozone was more than just British imports.http://www.wsj.com/articles/asian-company-shares-reeling-aft...