Reply With Quote9000 jobs and a plant like that is good news.
And headlines worth £500 million of anyone's money (ours).
But shouldn't the header be 'Yay We Pay The Biggest Subsidy To Gazump Spain'?
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The UK is set to win a battle with Spain to host a multi-billion-pound electric car battery plant in Somerset, the BBC understands
The boss of Jaguar Land Rover-owner Tata is expected to fly to London next week to finalise the deal.
Some in the car industry have described the plant as the most significant investment in UK automotive since Nissan came to Britain in the 1980s.
Tata's chairman is scheduled to meet the prime minister mid-next week.
Sources familiar with the matter say that although the deal has yet to be signed, engagement has moved from negotiations to drafting and choreography of how the landmark agreement will be presented.
Up to 9,000 jobs would be created at the Bridgwater site, close to the M5.
The UK government has acknowledged the urgent need for electric vehicle battery manufacturing in the UK to secure the future of the car industry.
The country's automotive sector employs up to 800,000 people directly and in the supply chain.
When pressed on the subject last week, Chancellor Jeremy Hunt told the BBC to "watch this space".
Tata was considering another site in Spain and the expected decision to choose Somerset will be presented as a major achievement for the UK government.
The government has been criticised for lacking a clear industrial strategy and falling behind the US and EU in attracting investment.
Last week, one of the world's biggest carmakers, Stellantis, warned it may have to close UK factories if the government does not renegotiate the Brexit deal. The firm, which owns Vauxhall, Peugeot, Citroen and Fiat, had committed to making electric cars in the UK but told the BBC this was under threat.
In the case of Tata's new plant, the UK's expected success has not been easily or cheaply won.
The government has said that while it does not recognise a figure of £500m in reported subsidies, they concede that it is in the hundreds of millions of pounds.
9000 jobs and a plant like that is good news.
And headlines worth £500 million of anyone's money (ours).
But shouldn't the header be 'Yay We Pay The Biggest Subsidy To Gazump Spain'?
And just to be polite, the original!
https://www.bbc.co.uk/news/business-65698529
If I'm understanding the article correctly it's a big deal for Wales as it safeguards the future of the steelworks in Port Talbot in a related deal. $800m is a big price tag for 13k jobs or whatever the total is, but seeing as it's a step towards preventing the total death of the car manufacturing industry in the UK, I guess there are worse things to spend it on.
Despite of Brexit?
Yup, big contract sweeteners are nothing new and the game is played I would guess by the majority of countries, my 1st memories of this type of bribe, would have been the massive arms deal with Saudi Arabia back in the early 80's and the reason for my 3 months in the kingdom back then, we designed, manufactured and installed at the King Faud air force base Dhahran, the RB199 engine test facilities for the Tornado Jet aircraft.Originally Posted by LA Bluebird
Somerset. Cutting edge down 'ere, innit.
Is there any news about the new combine harvester manufacturing plant?
I was waiting for that to crop up....
Good man
I had you marked down as being many things, but a Wurzel wasn't one of them.
Great news. But a genuine question; where are they going to recruit a workforce of 9,000? It is a sparsely populated area with zero unemployment. Hinckley Point mops up nearly all the skilled labour in the area. It is still good news though.
I'm surprised that the BBC could bring themselves to report it.
"Yey We Win"
For a moment I thought we were being linked to an east Asian player
Looks to me like you lost from where I’m sitting.
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