The EU region has higher tariffs on Chinese cars - the UK has a standard 10% tariff. This is part of the Brexit dividend to UK voters.
No, please don't start the 'blame brexit' debate. Blame failure of consecutive governments by all means though (except politics aren't allowed).
It's not politics or a debate, it's a fact. Brexit has allowed the UK to set it's own tariffs on Chinese vehicle imports, so they're relatively cheap. They wouldn't be as cheap if the tariffs were the same as the EU.
It's a failure of politicians to make the most of Brexit, we could put whatever tariffs we want within reason certainly matching neighboring countries. Unfortunately the politicians miss read the room and didn't think for a minute that the public would vote to leave. Those same politicians are not making the most of the opportunities available because they didn't want us to leave the eu.
It ****ing stinks. A sole trader cannot source his own stock without some multi million business taking over his customer base. This country doesn’t give a **** about you and I. Reward idle ****s pumping out kids and ****ers who offer nothing to society. Britain is ****ed.
One country alone (aside from the US) can't hope to compete/negotiate successfully and win a battle without ceding huge concessions against China anymore. Within an economic bloc, there is far more protection. This was an argument put forward by remain and drowned out by the opposition. The result is cheaper Chinese cars entering the UK market (a positive or negative thing depending on pov) and tariffs being put on steel exported from the UK to the EU.. but EU immigration into the UK is down, so everyone is happy.
BYD made a US$5.6b profit last year, so they weren't selling too many cars at a loss. Things have got more difficult and competition more fierce, but they still made a US$1.1b profit in the last quarter.
Ah yes, BYD, the biggest car company in China. Not a surprise they made an overall profit!! I've now heard from 2 dealers now selling BYD among other makes. They tell me how the deals are absolutely ridiculous. Was listening to an auto expert the other day explaining their (long term) strategy; as I said. I walked past a dealer's forecourt the other day who is introducing Chery cars (already have other Chinese brands). The forecourt was literally full of Chery Tigo 7's. That's not normal. I didn't ask but I can only imagine the incentives to firstly stock that many, ,and secondly the discounts to sell them.
It turns out EV drivers will have to go to an MOT centre once a year to get their mileage checked, even on new vehicles.
where do people think the money's coming from once fuel duty dries up - the same with tobacco duty - its never been about the environment. it's always been about raking it in
Did I ever mention getting rid of all the silly secret stealthy taxes and just put up income tax or vat?
From the middle earners - the income tax payers, the savers, the drivers and the legitimate. Highest levels ever since WW2 of 18-34 year olds leaving the UK - I see and hear it where I am - used to be a small Brit community when I arrived in the 90s, where you more or less knew of everyone, now there's thousands.. from educated engineers to tree surgeons, across the spectrum. Expect it is replicated across Europe/Australia No different from Ford EVs then..
The real problem is massive multinational companies who make vast profits in this country and pay really small amounts of tax .
For which MOT centres will rightfully charge either the punter or the Government - they can't be expected to do it for nowt even if it is just reading the dashboard. There'll be administration costs and labour costs, and it will take time which technicians could otherwise be actually doing real MOTs or fixing cars. So how much of the revenue raised immediately disappears to pay for the collection of the data needed in order to raise the revenue? Barking.
Edit: just walked by said dealership just now. Counted 37 brand new Chery Tigos, and that's just what I can see. It's not even a big site That tells it's own story.
