Great news...

Badonde said:
Yes Jan that's the article I read.
BTW Chicago, these FT articles are behind a paywall.
They can be accessed for free by cut and pasting headline into a Google 'ingognito' window.
This works with loads of paywall sites - you probably already know this but just thought I'd mention it.
Click to expand...

Is that only on a phone or tablet. Can't get them to work on PC on Edge or Firefox.
 
Good news if true, this fella does seem to get a little carried away - 18000 jobs did he say over how long a period?
Hopefully the can start ASAP- get the contracts signed - hopefully it will have the desired effect and encourage other firms to come to the area.
 
I think the 18k jobs figure is 'up to 18k jobs over 5 years'

Which will include all the construction and related short term jobs for everyone within the freeport plus a load more if things go better than expected. Its not some company setting up and hiring 18k people. So its quite a misleading figure really as a lot of the construction jobs will be people coming in from outside the region, as is the way with construction. the real number of long term jobs sighted on Teesside is likely to be about 1000 - not to be sniffed at and good news but far away from the 18k quoted.

The freeport thing is intriguing...freeports can be used to avoid corporation tax and import duties if a company is importing raw materials, making finished goods and then exporting back out, all within the freeport. Given it looks like its a wind turbine manufacturer that could well be the case here with the turbines themselves going out to the new field in Dogger Bank. So I can see how the low tax position would be attractive for a company to relocate - not sure how an export to Dogger bank would be seen from a tax perspective, no clue at all on that...

Im also assuming that the Brexit tie in is because the freeport described above wouldn't have been possible under Brexit?

So its a tax dodge basically - Teesside gets jobs - great for Teesside - but the govt, and country, loses out on corporation tax.

And as someone on the other thread points out, this hardly off sets the draw backs of Brexit to us as a nation.
 
asredastheycome said:
Is that only on a phone or tablet. Can't get them to work on PC on Edge or Firefox.
Click to expand...

Try something like this on Firefox.

addons.mozilla.org

Bypass Paywalls – Get this Extension for 🦊 Firefox (en-US)

Download Bypass Paywalls for Firefox. This is the official Bypass Paywalls web browser extension used to help bypass paywalls for selected sites. This extension is meant for educational purposes only. Please consider supporting the sites you frequently use this on.
addons.mozilla.org addons.mozilla.org
 
ChrisTheRed said:
Apparently it would have happened anyway, Houchen is a liar, it has absolutely nothing to do with Brexit and we could have had freeports anyway so there is nothing to see here and it probably won't happen.
Click to expand...

are we still talking about the windfarm jobs or the snow centre?
 
Unfortunately the unnamed company did indeed point to Teesside. However after a couple of seconds to think about it, has now pointed to Limoges.
 
Youngie said:
Oh and the way I read it the manufacturer is of European origin which would rule out GE... not to saying the GE link is gone but that this is in addition and something new.

my money is BASF or Siemens
Click to expand...
Not Siemens, they have a turbine making facility in Hull already.
 
Ironops said:
I think the 18k jobs figure is 'up to 18k jobs over 5 years'

Which will include all the construction and related short term jobs for everyone within the freeport plus a load more if things go better than expected. Its not some company setting up and hiring 18k people. So its quite a misleading figure really as a lot of the construction jobs will be people coming in from outside the region, as is the way with construction. the real number of long term jobs sighted on Teesside is likely to be about 1000 - not to be sniffed at and good news but far away from the 18k quoted.

The freeport thing is intriguing...freeports can be used to avoid corporation tax and import duties if a company is importing raw materials, making finished goods and then exporting back out, all within the freeport. Given it looks like its a wind turbine manufacturer that could well be the case here with the turbines themselves going out to the new field in Dogger Bank. So I can see how the low tax position would be attractive for a company to relocate - not sure how an export to Dogger bank would be seen from a tax perspective, no clue at all on that...

Im also assuming that the Brexit tie in is because the freeport described above wouldn't have been possible under Brexit?

So its a tax dodge basically - Teesside gets jobs - great for Teesside - but the govt, and country, loses out on corporation tax.

And as someone on the other thread points out, this hardly off sets the draw backs of Brexit to us as a nation.
Click to expand...
That seems like more realistic analysis than the headline of 18k jobs. Like you say though still not to be sniffed at.
 
sambaDTR said:
Wonder if Jim Ratcliffe, owner of Ineos, has changed his mind and is going to manufacture his cars here instead of in France? Doubt it though.
Update: Forget that. The Gazette has changed it’s headline from 18000 jobs to hundreds. Bit of a difference!
Click to expand...
you mean the German designed car with the German built engine which is now being built in France despite stringing along one and all about some nonsense about building it in Redcar or Port Talbot if the UK Gov stumped up enough cash?

The only amazing thing is that the current government didn't do just that and lost it in the public spending noise.
 
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