Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
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At the moment, the fact is the law is the law and state aids regulations have been adopted by UK as statutory laws.
It is possible to obtain exemptions from state aids rules if the EC agrees that it will not affect the competitiveness of similar businesses. In North Yorkshire there is ICL next door , which would be an objector.
Davielad
Why do you think that the Government would be reluctant to engage on a financial assistance (ie financial guarantee) discussion with SM which potentially is in breach of current EU state aid regulations? Do you fear that the UK will be taken by the EU to the ECJ after Brexit?
I don’t think so.
I do not think that it is necessarily the case that the Government is as negative about SXX as it has been suggested, and it may well be the case that "negotiations" or "commercially sensitive" discussions, are taking place behind closed doors. Any financial assistance or support that the Government can give, would be much more easily achieved if we were out of the EU, and the current EU Law and restrictions, which apply at present to Government financial support no longer applied.
In other words perhaps the six month delay announced on Tuesday is designed to allow Government support to take place after Brexit, and not before, and in the meantime discussions with other financial institutions to also take place, the outcome of which might well be contingent on negotions with the Government and others.
In any event it would be prudent , if not indeed essential, for any such commercially sensitive discussions to be conducted privately and not publically.
I have been invested here for some considerable period of time, and have always regarded SXX as a bit of a punt. I remain as I have been, cautiously optimistic and am no less so no after Tuesday's announcement as I always have been
Should not be illegal to back a home business. Bretex bring it on
Giving money to foreign dictators , quangos etc does not fall foul of the EU rules on state aids to domestic private enterprise . Giving significant grant money to SM without state aids approval from Bruxelles would be illegal, because we never left EU last March. That's the problem.
14 BILLION given out to overseas quangos, dictators and silly projects FA for a great idea in the heartlands of Britain absoltuely NUTS !!!