British Indy: What Happens Now?

thats the ticket. more your thing.
its nice watching a kid trying to get on in the world but fir Christ sake man. :smileys:

 

angry or passionate?. two different things.
how you getting on with the play dough btw?
:smileys:

 

:Hilarious:








:Sorry:

 

There may not be a shortfall as generally speaking, and please somebody correct me if I am wrong, tax take goes up when tax rates are reduced.

 

Lots of odd comments above.

The clothes you are (probably) wearing were manufactured, please have a look on your socks and see if you can find a CE mark. Certainly arent any on mine. Plenty of other manufactured items dont have CE labels.

Some BS standards are higher than the rest of the EU, our pillows for example have stricter fire regulations than other EU countries. Why presume our standards are or will be worse than the EU ?

I have only worked for European companies and if we are or were supplying a customer in the EU or the USA or Africa or China we always work to their requirements, why would anyone produce a product that isnt compliant with the target market ? That is absolutely nothing to do with being in the EU or not, if you want to supply a market you offer what that market requires.
Did your employers adjust their products or services, however reluctantly, to serve the UK or did they decide not to bother ? You dont say.

 

certainly there is an example up here re recent stamp duty changes that have been made up here. a more progressive system making it easier to purchase but has raised an extra 70 odd million. might not sound much but if you multiply it by 12 to put it in to scale. all of a sudden it don't sound too bad

 

In light of the present uncertainty about what will happen day by day, it's interesting to speculate where we might be in five years time, looking back from the year 2021 at how it turned out. There is a range of possible outcomes. Here are three:

Option A. Article 50 is postponed again and again, the political climate changes, the whole thing fades into a half-remembered nightmare, and the UK continues as an EU member state indefinitely. The economic problems turn out to have been a brief blip. The UK continues to have a voice in European decisions, and democratic input continues.

Option B. Article 50 is notified, Brexit is negotiated, the UK agrees to be within the single market, the four freedoms (goods, services, capital, and labour) are maintained, and London financial institutions continue to be passported. UK payments into the EU continue unchanged. UK continues to be subject to all rules. UK loses any say over the payments and rules as democratic input into the Parliament, the Council, and the Commission are ended. Economic problems are minimised. Immigration is unaffected.

Option C. Article 50 is notified, Brexit takes place without agreement two years later. UK leaves the single market. Financial passporting is lost. The minimum World Trade Organisation terms apply. UK ceases to make payments into the EU. UK no longer has to comply with EU rules. UK loses any say over the rules as democratic input into the Parliament, the Council, and the Commission are ended. Manufacturing for export declines as tariffs bite and UK goods are non-compliant. Financial institutions depart for Frankfurt and Paris. UK's Current Account deficit cannot be financed. Recession deepens. The £pound drops.

 

or edinbro. dont forget edinbro.
we can do passporting. maybe,hopefully.
just saying. :smileys:

 

Google Laffer Curve. Basically there is an optimum tax rate to maximise the tax take, too high and it kills the incentive to invest and stimulates tax avoidance, too low and it just doesn't collect enough.

 

i know your the arty/designer type. did you just make that?

 

Deer hunting??

 

As you say there is a range of possible outcomes existing between those three options.What will influence which is most likely is to what extent other eurosceptic movements follow the lead of the UK and help shape the outcome. We come back to the old problem which is that the UK sees the EU as an economic trading union whilst the EU elite see it as a political union. Increasingly I feel that the pendulum is swinging towards the UK view and the question is whether the elites are going to press on regardless.

Without further political and fiscal integration, and a willingness for the Germans to transfer wealth to the rest of the Euro zone, it is only a question of time before the next crisis, most likely in Italy who's economy hasn't grown since the introduction of the Euro.

So whilst there are some uncertainties and risks for the UK economy I suspect the risks for the EU are much greater and it is in all of our interests to cooperate on a solution for the benefit of all.