Brexit Deal

[midlifecrisis]

How will that impact UK tax revenues?

They will pay less UK Tax if domiciled abroad. the workers will pay income tax and NI's which will be the governments future source of income, as well as duties on imports...

 

[lifes2short]

How will that impact UK tax revenues?

is that a trick question, I'm assuming that if the hq's aren't in the uk any longer then corppration tax is paid in the countries registered, jobs will move, less money for services, nhs etc and fewer jobs bla bla and bla

 

[GeoffCapes]

How will that impact UK tax revenues?

From my old insurance knowledge of shipping and aviation, directly it won't, initially, however, there is a cost to land planes and berth ships.
If they are registered in a European country the berthing/landing costs are less. A lot less.

This means that that the running costs are lower, lower running costs mean higher profits, higher profits mean more tax to be paid.

 

[MaserCoupe]

It depends also on passporting rights, so in the case of insurance companies based here who trade with the EU (by undertaking insurance for European based commercial premises) they now have to have a physical presence (ie. a manned registered office in say Paris, Berlin, Brussels, pick a European country, paid salaries/costs etc)to continue to trade. The company Tax would now be paid on both sides. So yes This is Brexit’s making.

 

[BennyD]

I understand that you have a frenzied, climactic and orgasmic yearn to see the EU implode but you may wish to get your popcorn ready for a front row seat to watch our country implode first, long before the E.U ever will. That’s it bud carry on, keep trying with the squaring of that circle of your internal dialogue of comforting lies if it keeps you warm and happy, after all the facts do hurt. Your hatred for the EU is palpable...We get it..Or maybe just rethink your strategy, it'll make for a much happier and more fulfilling life for you.

P.S....Still Got nothin but love for ya! Love you lots because you love Masers and

P.S.S as usual, no hard feelings eh.. Keep smilin

I am smiling, I have plenty to smile about tbh. However, if you are so fond of living in the European dream, do what Phil did and move to france. If you do, don’t forget to wear your yellow jacket or you are likely to get your head kicked in.

 

[Zep]

Glad to see everyone playing nicely over here

 

[Navcorr]

The Dutch don't realy have a nice cheese, Edam and Gouda just being smoked hard cheese...

You don't appear to know what you're talking about. Forget Edam, forget smoking, forget the year old Gouda/rubber sold here. Aged farmhouse Gouda on the other hand is sublime. Try a +6yo Pradera.

 

[Felonious Crud]

is that a trick question, I'm assuming that if the hq's aren't in the uk any longer then corppration tax is paid in the countries registered, jobs will move, less money for services, nhs etc and fewer jobs bla bla and bla

Not really a trick Q. Just a rhetorical one.

 

[lifes2short]

Not really a trick Q. Just a rhetorical one.

you're just trying to get me to engage in meaningful discussion on the b question, well your cunning plan will not succeed, here's some bouncy titi's to distract everyone

 

[lifes2short]

oops, this is better

 

[Wack61]

That can't be comfortable

 

[Zep]

That looks like a high risk activity. Eye protection needed.

 

[philw696]

That can't be comfortable

Ask Newton

 

[allandwf]

Ask Newton

The old Newton surely.

 

[Wattie]

I know nothing of the running of Airbus, however, it does seem like whenever a Remainer or someone in business points out why leaving the EU is a bad idea, every Brexiter pulls out the "Project Fear" line.

What if it is all actually project fact?

Because as far as I can see, all of the Brexiters, all of them, every single one, agree that leaving the EU will have an adverse effect on the UK economy, and even Rees-Mogg himself has said that after Brexit it will take the UK 20 years to get back to where we are now.

If that is the truth, and coming from Brexiters, it might have some element of truth in it, why the **** are we carrying on with this charade?
As if everyone on both sides says it's financial suicide for 20 years, it seems like a bloody silly idea to carry on!

1. Firstly, as it hasnt been done before no-one knows the actual economic impact in 1, 3,5,10 or 20years of Brexit.....there are no facts to base things on, only projections, many many variables and none of those projections are ever correct......just guesses really.

I'll have a go. Everything will be fine.

https://sputniknews.com/business/201901171071559685-uk-economy-brexit/

With regards to the experts (Mp's, bankers, The IMF, economists, statisticians, actuaries etc etc ) they didnt see the GFC coming did they and that was the biggest of them all.....how **** did they miss that.....so much for expertise and projections!
Whens the next one coming as global debt is now at an all time high?

Over the above time frames both
Italy https://www.neweurope.eu/article/italy’s-debt-third-largest-world/
and Greece (for example) - does anyone believe its solvent?
will be even more bankrupt than they are now....

https://www.zerohedge.com/news/2018-10-19/ moodys-cuts-italys-debt-rating-one-notch-above-junk

Hows that gonna affect Europe?

How is Europe gonna deal with that....print even more money and pretend everything is Ok?

2. Secondly and very simply not everyone votes with a "will I be better off financially" as their main priority. Some value other issues as being far more important which they're entitled to do when voting.....which is why in Europe many are opposed to the European project and its dominence over their lives. Many voters in those 2 countries above hate Europe and wanna leave too, for many reasons.

 

[Wattie]

That can't be comfortable

i'm fairly comfortable with it.

 

[rivarama]

Is that the same Tony Blair who preceded Gordon Brown who one morning over breakfast sold all the gold? Funny, you don't hear much about the buying and selling of gold these days, do you?

Well, funny you ask.... let’s talk FX too by the same occasion

 

[rivarama]

1. Firstly, as it hasnt been done before no-one knows the actual economic impact in 1, 3,5,10 or 20years of Brexit.....there are no facts to base things on, only projections, many many variables and none of those projections are ever correct......just guesses really.

I'll have a go. Everything will be fine.

https://sputniknews.com/business/201901171071559685-uk-economy-brexit/

With regards to the experts (Mp's, bankers, The IMF, economists, statisticians, actuaries etc etc ) they didnt see the GFC coming did they and that was the biggest of them all.....how **** did they miss that.....so much for expertise and projections!
Whens the next one coming as global debt is now at an all time high?

Over the above time frames both
Italy https://www.neweurope.eu/article/italy’s-debt-third-largest-world/
and Greece (for example) - does anyone believe its solvent?
will be even more bankrupt than they are now....

https://www.zerohedge.com/news/2018-10-19/ moodys-cuts-italys-debt-rating-one-notch-above-junk

Hows that gonna affect Europe?

How is Europe gonna deal with that....print even more money and pretend everything is Ok?

2. Secondly and very simply not everyone votes with a "will I be better off financially" as their main priority. Some value other issues as being far more important which they're entitled to do when voting.....which is why in Europe many are opposed to the European project and its dominence over their lives. Many voters in those 2 countries above hate Europe and wanna leave too, for many reasons.

I cannot understand your logic in point 1 - looking at other people’s flaws to avoid seeing our own equates to putting ones’ head in the sand. Not really sure why Brexiteers are more competent in macro and trade economics that specialised institutes... even if nobody forecasted the GFC... which by the way cannot be predicted with accuracy... none of the major bubbles were really predicted w accuracy. Otherwise they wouldn’t be bubbles. Also, for your reference, 2008 wasn’t the worse FC as you seem to allude. Go back over the past 100 years of financial history and you will see quite a few instances where the market lost 40%+ - some even went -70%.

I get your logic about point 2 and completely agree. Loads of people don’t care about economics, and voted for the sovereignty of this nation... unfortunately the vast majority of them will struggle financially as a result of it - at least they put their money where their mouths are.

Also - for the simple minded person that I am - can someone explain to me why Brexiteers are amazingly good at criticising any plans put forwards, but cannot put a clear and realistic proposal forward?? It is actually laughable!!

 

[rivarama]

With us having to have a deal plays right into the EUs hands and bends us over, braced for penetration. Without lube.

You voted for it... you should have gotten prepared for it. You should consider yourself lucky, they could have thrown sand on it ;-) or may be they will

 

[Zep]

1. Firstly, as it hasnt been done before no-one knows the actual economic impact in 1, 3,5,10 or 20years of Brexit.....there are no facts to base things on, only projections, many many variables and none of those projections are ever correct......just guesses really.

I'll have a go. Everything will be fine.

https://sputniknews.com/business/201901171071559685-uk-economy-brexit/

With regards to the experts (Mp's, bankers, The IMF, economists, statisticians, actuaries etc etc ) they didnt see the GFC coming did they and that was the biggest of them all.....how **** did they miss that.....so much for expertise and projections!
Whens the next one coming as global debt is now at an all time high?

Over the above time frames both
Italy https://www.neweurope.eu/article/italy’s-debt-third-largest-world/
and Greece (for example) - does anyone believe its solvent?
will be even more bankrupt than they are now....

https://www.zerohedge.com/news/2018-10-19/ moodys-cuts-italys-debt-rating-one-notch-above-junk

Hows that gonna affect Europe?

How is Europe gonna deal with that....print even more money and pretend everything is Ok?

2. Secondly and very simply not everyone votes with a "will I be better off financially" as their main priority. Some value other issues as being far more important which they're entitled to do when voting.....which is why in Europe many are opposed to the European project and its dominence over their lives. Many voters in those 2 countries above hate Europe and wanna leave too, for many reasons.

Isn’t Sputnik a Kremlin funded mouth peice? Not saying it’s wrong, but I am certainly suspicious of their motives, given what they have to gain geopolitically from the process.

As for Italy’s credit rating. Italian sovereign debt has been pretty much where it is for the last 2 decades. An interesting fact is that Italy’s personal debt is currently around 41% of GDP. This compares to around 88% of GDP in the U.K. And Italy has the lowest debt held by non-residents in the EU. Now, I am no economist, but I suspect that on balance, it’s not quite as bad as one single measure makes out.