Nissan Calls for Compensation for Additional Costs Post-Brexit

Nissan, the recipient of generous state subsidies in the past (see our company report), has argued that it would have to be compensated for any additional costs it experiences from the imposition of tariffs following Brexit.

This raises important issues and has implications for other companies. Brexit will likely impose additional costs and the UK will ‘lose’ one of the key selling points it has used to incentivise investors over the past few decades – namely access to EU consumers.  How the UK responds to inevitable demands post-Brexit will be interesting to watch. Especially given that the UK may not be subject to State Aid rules in the same way…

See: Nissan demands Brexit compensation for new UK investment | Business | The Guardian