If we vote for Brexit what happens

A_Medium_Size_Jock

Oxfam comment on EU unfairness regarding banks, profits and tax havens:

Europe’s 20 biggest banks are registering over a quarter of their profits in tax havens – well out of proportion to the level of real economic activity that occurs there, according to a new report by Oxfam and the Fair Finance Guide International today.

https://www.oxfam.org/en/pressroom/pressreleases/2017-03-27/europes-biggest-banks-register-eu25-billion-profit-tax-havens

Interesting reading, including:

In 2015 European banks posted at least €628 million in profits in tax havens where they employ nobody. For example, the French bank BNP Paribas made €134 million tax-free profit in the Cayman Islands despite having no staff based there.

Tax havens account for 26 percent of the profits made by the 20 biggest European banks - an estimated €25 billion - but only 12 percent of banks’ turnover and 7 percent of the banks’ employees.

Tax dodging deprives countries throughout Europe and the developing world of the money they need to pay for doctors, teachers and care workers

kabayiri

A_Medium_Size_Jock wrote: »

Quite so.

See this, just published:

http://www.reuters.com/article/us-europe-france-report-idUSKBN16Y0CP

Interesting ... particularly this bit :

"In foreign policy, it stresses the need for good relations with Britain and the United States, despite Brexit and the election of U.S. President Donald Trump. It recommends offering Turkey an alternative to EU membership, saying the political evolution of the country makes joining the bloc impossible."

So they recognise the need for an alternative to EU membership for Turkey, but believe that UK should be punished for seeking an alternative to EU membership.

Sounds like 'winging it' to me.

Backbiter

Press coverage during the build up to the referendum: a pack of lies

http://www.huffingtonpost.co.uk/entry/ipso-rulings-media-eu_uk_58d27bbfe4b0f838c62e298b?hq9mpd6jiuo6flxr

Backbiter

Pessimism about Brexit spreading:

Chris Williamson, chief business economist at Markit, said: "Whereas opinions on the long-term impact of Brexit were finely balanced in the immediate aftermath of last June’s vote (albeit leaning towards pessimism), a negative view of the economic consequences has become increasingly apparent and widespread.

"Pessimism has now spread to all age groups and income brackets. Shortly after the referendum, the older generations and the very poorest families were the exceptions in considering Brexit to be beneficial to the long-term health of the economy. However, even these pockets of the population have now become pessimistic.

"The most marked turnaround is evident among the poorest paid, who have switched from being the most optimistic to now being the most downbeat."

http://uk.businessinsider.com/markit-brexit-british-households-increasingly-pessimstic-2017-3

So it's not just UKIP Welsh Assembly members, then.

Conrad

Quasar wrote: »

It never ceases to amaze me how paid members of a club decide to leave said club thereby stopping payments, and then bleat that they want to retain the same benefits they had as members.

And what if the core highest paying club members still wish to continue trading with the leaving member and not lose their valuable sales to the leaver, and want the leaving member to provide a lot of ongoing security to the club?


What if the remaining members trade freely with far less important others (San Marino, Albania)?


What if the leaver could make due free trade deals with all the other clubs and thus threaten the livelyhoods of those he was trading with?




Brexit fears mount in Spain

Maintaining the UK’s relationship with the single market is a top priority for Spanish fruit and vegetable exporters, according to Fepex.

The Spanish exporter federation said concerns among its members over the UK’s withdrawal from the European Union were rising.

“Fepex considers it a priority to continue with a single market without borders between the EU and the UK

http://www.fruitnet.com/fpj/article/171734/brexit-fears-mount-in-spain

A_Medium_Size_Jock

Backbiter wrote: »

Press coverage during the build up to the referendum: a pack of lies

http://www.huffingtonpost.co.uk/entry/ipso-rulings-media-eu_uk_58d27bbfe4b0f838c62e298b?hq9mpd6jiuo6flxr

The whole circus was pretty much a pack of lies.
If our politicians were incapable of telling the truth (as has been repeatedly proven and is equally applicable to both remain and leave), what on earth would make you believe that the media were telling the truth?
Especially the likes of The Sun, The Express & The Daily Mail etc. to whom this report mostly points?

A_Medium_Size_Jock

Backbiter wrote: »

Pessimism about Brexit spreading:

Yet the following are all from today:

Optimism remains high amongst asset & wealth managers:

UK asset and wealth managers returned to optimism in the first quarter of 2017, following a period of intense pessimism throughout 2016, according to the latest CBI/PwC Financial Services Survey.

http://www.wealthadviser.co/2017/03/27/249989/uk-asset-and-wealth-managers-optimistic-costs-continue-rise-says-survey


Optimism in the UK financial Services sector remains stable:

Optimism in the financial services sector has stabilised in the three months to March. This was according to the latest CBI/PwC Financial Services Survey published on Monday.

http://www.ibtimes.co.uk/optimism-financial-services-sector-stable-3-months-march-says-cbi-pwc-survey-1613630


James Dyson repeats his view of optimism for a post-Brexit UK:

Sir James Dyson has said UK business success lies beyond Europe because that is where the fastest growth lies.

http://www.bbc.co.uk/news/business-39400795

Arklight

Conrad wrote: »

Deport them.


What would Britain do with people born in Britain? The hand wringers would be all over it like a rash ensuring they remained in Britain and remained entitled to lavish benefits.


One reason I voted Brexit is that I get sick of British liberals insisting we observe the absolute letter of the law in a way no other European nation does. This disadvantages Britain so I'd rather we at least took full responsibility for our own soft touch decisions so we at least cant pass the buck to the EU. At least then we know precisely who to blame for our soft touch benefits enabling culture.

Britain is a founder member of the ECHR and most of the decisions you are angry about are due to the interpretation of British judiciary regarding the right to a family life.

I don't think anyone wants people like Abu Hamza here but this is nothing to do with the European Union. It is a good example however of how people like yourself will apparently blame British membership of the EU for things the EU has nothing to do with - and then have a nice shouty rant about liberals.

As far as a soft touch benefits enabling culture - again, what does this have to do with the EU? Maybe you are angry about Europeans coming here and working and paying taxes that fund idle Brits to sign on (though I think a few months trying to survive on benefits might open your mind - if such a thing is possible - even on that score).

mayonnaise

Quasar wrote: »

What has happened to logic and common sense in this country?

Good question, Q.

Arklight

A_Medium_Size_Jock wrote: »

Yet the following are all from today:

Optimism remains high amongst asset & wealth managers:

http://www.wealthadviser.co/2017/03/27/249989/uk-asset-and-wealth-managers-optimistic-costs-continue-rise-says-survey


Optimism in the UK financial Services sector remains stable:

http://www.ibtimes.co.uk/optimism-financial-services-sector-stable-3-months-march-says-cbi-pwc-survey-1613630


James Dyson repeats his view of optimism for a post-Brexit UK:

http://www.bbc.co.uk/news/business-39400795

Well he should know. He shut down the British plants and outsourced all his manufacturing to Malaysia - ensuring that every Dyson he sells in the UK now has to be imported from outside the EU.

I'm not sure that's exactly what Brexit voters want though.