EU has ‘no issues’ over UK-Nissan Brexit deal

November 23, 2016

The European Union has said it has ‘no issue’ with British assurances given to Nissan which persuaded it to invest in the country after Brexit.

Nissan committed last month to build its new Qashqai crossover at its UK plant in Sunderland, plus its new X-Trail SUV. Concerns were raised because the announcement was made after Theresa May gave assurances that the government would give support against any loss in competitiveness caused by the UK’s decision to leave the EU.

Competition Commissioner Margrethe Vestager, who makes sure companies do not unfairly benefit from subsidies granted by governments, said that currently she had no issues with the ‘support and assurances’.

Speaking at a conference in Brussels this week she said she was still waiting for further details about the case, but added: ‘Before we know more, we have no concerns.’

Vestager can request that national governments recover vast sums of money from deals deemed to breach the EU's strict rules over state aid.

In 2016, Vestager ordered Ireland to reclaim $13.8 billion (€11.1 billion) in taxes from Apple after it found that the technology giant had slashed its tax bill through a selective deal that allowed it to pay only 0.005% tax in 2014 – far less than other businesses.

The Netherlands, Belgium and Luxembourg have also been required to recover millions of euros for similar illegal deals.






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