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If we vote for Brexit what happens
Comments
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But we can't just keep everything the same and change at leisure, part of our leaving seems to involve a fundamental change to the status quo - that of free movement.
For now we adopt all law into UK law (other than free movement) and confirm we are happy that Germany and the others can carry on selling into the profitable UK market, tariff free.
This places the onus on them. If they announce they wish to impose tariffs, harming Dutch flower growers and French farmers, then politically this would place the blame squarely at Brussels door.
The EU has dozens of free trade deals that do not require FOM or a subscription fee.
MIFID2 allows the exporting of financial services into the EU from countries such as the US, Hong Kong and Singapore, whose financial regulatory systems are deemed to have ‘regulatory equivalence’, as would the UK’s.
Most of British financial services business is wholesale, whereas passports are largely designed to facilitate retail business.
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KPMG also state
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A new survey shows 76% of U.K. CEOs have considered moving their company headquarters or parts of their business out of the country in the wake of the Brexit vote in June.
http://money.cnn.com/2016/09/26/news/brexit-ceo-survey-kpmg-cbi/
Firstly it's OBVIOUS CEO'S must state they have considered all contingencies, goes without saying.
Secondly if you watch last nights Sky News interviews with KPMG's chief, he kept correcting the presenter over and again by asserting the key finding was how positive CEO's are about the UK going forward.
Again, if the odd company has to have a brass plate in Dublin, so what. 8000 EU companies rely on pass porting INTO THE UK and the use of brass plating is widespread.
Steve - as I've said all along the critical point missed by Bremainers is the UK is now even more comparatively competitive and attractive to business. Not as intrusive, lower taxes (and corporate taxes can easily be reduced here), more nimble, economically autonomous, globally re-orienting, free trading and with a more competitive currency (which we can take steps to keep lower).
OTHER EU STATES FACE THE POTENTIAL OF REFERENDUMS, SO CEO'S CONSIDERING MOVING THERE FACE UNCERTAINTY0 -
Opinions differ as to whether we are or aren't.
I guess it doesn't hurt to apply in any case which also tells the EU we don't intend to wait cap in hand relying on their benevolence.
We need not worry whether retaining the status quo without a formal agreement after we have left the EU is compatible with WTO rules.
The EU itself has not updated its registered tariffs since enlarging from 15 members! Objectors would have to prove not merely that the rules have been infringed – which is debatable – but that they have been harmed. And that would take a long time.0 -
Hello!
Me and my partner have started considering buying a property, as our savings are enough for a deposit + expenses (including stamp duty, etc) and our current rent is high, so it feels like a huge "waste" of money to keep on renting.
However, here comes the issue:
We are both EU nationals with a little baby (EU national too) and we don't foresee having any issues even if we were required work visas to stay - we both have qualified jobs and have been here for +4 years now; but our plans are to move to another EU country possibly in about 5 years time, so chances are we will want to sell to fund buying a house in another country.
If we buy now, are we up for a nasty surprise regarding house prices after Brexit starts (i.e. Article 50 is enacted and bla bla)? Browsing Rightmove we see too many "reduced price" properties in the area, but it might be just a feeling.
We would be buying in Berkshire if that makes a difference (I guess London could cope with a hit better than other areas).
What is the general opinion? Should we stay put and just cope with the "losses" of renting?0 -
"We would be buying in Berkshire if that makes a difference (I guess London could cope with a hit better than other areas)."
If you are going to buy in Berkshire buy near a Crossrail station (Twyford, Reading, Maidenhead etc), they have already gone up a lot but I think there will be a second wind nearer Crossrail completion.
As you can see from the chart you would have to be unlucky to be worse off after 5 years in the UK.....its happened twice in 70 years!!0 -
I'd say if you are moving in 5 years time it's a gamble the buying and selling costs are high and without large falls you could still be worse off.0
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For now we adopt all law into UK law (other than free movement) and confirm we are happy that Germany and the others can carry on selling into the profitable UK market, tariff free.
I'm not sure it's that easy, for instance, what happens with UK/EU nationals that find themselves on the wrong side of the line?
What about tariff deals with non-EU countries?
Why would the EU agree to give us super-preferential treatment?0 -
Ian - I agree.
However with our population increasing and more single occupancy households and no really significant housebuilding on the horizon, then it's likely over the long term to stay high or go even higher.
I do sympathise but I think you need to get your head round that fact and deal with your options.
I don't like it either but it isn't going to change just because some people wish it to.
I haven't read the whole thread, but have your considered getting a lodger so you could get a nicer house/area?
House prices are driven mainly by sentiment and availability of credit not population numbers, and even if they were the tide is now turning politically/socially against excessive immigration.0 -
Crashy_Time wrote: »House prices are driven mainly by sentiment
Is this sentiment going to result in a House Price Crash this year Crashy?Every generation blames the one before...
Mike + The Mechanics - The Living Years0
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