Impact of no-deal Brexit on grocery prices

[expressman33]

Shell plans to move headquarters to the UK https://www.bbc.co.uk/news/business-59288593

[Richard Frost]

Shell plans to move headquarters to the UK https://www.bbc.co.uk/news/business-59288593

Not sure what this has to do with Brexit or grocery prices. Reading the article it appears it has more to do with simplifying its complicated structure and the shift to low carbon fuels. It is currently registered in the UK although Headquartered in the Netherlands certainly a boost for jobs in the UK when they move their headquarters here.

[Chadwick]

Shell plans to move headquarters to the UK https://www.bbc.co.uk/news/business-59288593

Not sure what this has to do with Brexit or grocery prices. Reading the article it appears it has more to do with simplifying its complicated structure and the shift to low carbon fuels. It is currently registered in the UK although Headquartered in the Netherlands certainly a boost for jobs in the UK when they move their headquarters here.

Perhaps this is a factor?

Earlier this year, a court in the Netherlands ruled that by 2030 Shell must cut its CO2 emissions by 45% compared to 2019 levels. The decision only applies in the Netherlands and Shell said it would appeal against the ruling.

Also by becoming more like one company (HQ and registered address in same country, only one type of shares) they are better able to resist the call to split up the company. Maybe UK law offers them better protection from such moves too?

Brexit? Well maybe the potential for lower taxes in the UK is appealing. But I don't get the impression that's the main driver. It may have swung the balance in favour of the UK over the Netherlands.

[Richard Frost]

Shell plans to move headquarters to the UK https://www.bbc.co.uk/news/business-59288593

Not sure what this has to do with Brexit or grocery prices. Reading the article it appears it has more to do with simplifying its complicated structure and the shift to low carbon fuels. It is currently registered in the UK although Headquartered in the Netherlands certainly a boost for jobs in the UK when they move their headquarters here.

Perhaps this is a factor?

Earlier this year, a court in the Netherlands ruled that by 2030 Shell must cut its CO2 emissions by 45% compared to 2019 levels. The decision only applies in the Netherlands and Shell said it would appeal against the ruling.

Also by becoming more like one company (HQ and registered address in same country, only one type of shares) they are better able to resist the call to split up the company. Maybe UK law offers them better protection from such moves too?

Brexit? Well maybe the potential for lower taxes in the UK is appealing. But I don't get the impression that's the main driver. It may have swung the balance in favour of the UK over the Netherlands.

The emissions factor only applies to the Netherlands and appears to have nothing to do with the EU

[pabenny]

But no doubt the Brexit supporters will claim that the move by Shell is a positive of Brexit while claiming that shortages of HGV drivers, care workers, agricultural workers, butchers are unrelated. Likewise the huge impact on trade between GB and NI.

[Chadwick]

But no doubt the Brexit supporters will claim that the move by Shell is a positive of Brexit while claiming that shortages of HGV drivers, care workers, agricultural workers, butchers are unrelated. Likewise the huge impact on trade between GB and NI.

To some degree it IS confirmation that the ex-EU UK is attractive for business.
However, that is tempered by the specific circumstances of Shell's situation (ie. already British), and the fact that attraction appears to be linked to avoiding environmental legislation and resisting shareholder calls for a company breakup.
So not a positive jump to Britain, but more of a best alternative option to avoid a worse fate.

[Sarah]

Frost out. Jumped the sinking ship two weeks before full customs controls start on 1st January 2022.

Anyone else fancy a job trying to square the circle?

[macliam]

Aaargh, The Torygraph, the Mail and the Express all seem to confirm that "Frosty the No-man" has melted away. Bloody ruined a good seasonal pun if he has gone, miserable skite!!

However, the reason given is (supposedly) his oppostion to the implementation of Plan B, not anything to do with the NIP................

This is understandable, as Frosty would certainly have agreed to a plan, only to decry it at some point in the future.....

[Sarah]

If anyone is willing to believe that Frost has walked in protest over Plan B coronavirus measures, rather than his Brexit being unworkable, then I may have a nice bridge to sell them...

[macliam]

Possibly the best comment.....

borderirish.jpg (25.15 KiB) Viewed 1543 times