Will Brexit really be good for Britain?

cogito

ruggedtoast wrote: »

Throughout these discussions about the EU, I am just struck by this leitmotif of angry "poor me" victim-hood of the Leavers.

You would have thought that the EU was some kind of invading army that had appeared off the coast of Dover, rather than a partnership of countries of which the UK is a signatory.

But no, the UK is taking its ball and going home. Except it doesn't have a ball to take away, and it wants to continue playing in the match and using the clubhouse.

What a joke.

Not an invading army but Juncker and co are trying to turn it into an absolutist empire. If they are not stopped, they will lead Europe into conflict.

CKhalvashi

CLAPTON wrote: »

so, using the same strange logic, If Poland, Romainia etc were instructed to pay the UK billions per year, it wouldn't really be a redistribution if you looked at the overall picture.

They already do, largely through farming subsidies. How much have Cornwall and Wales had from EU funds again?

The point I was making though was that the system would be fairer if everyone put in a percentage of their last years GDP into a pot, with funding targeted in the areas that need it most, although as you're already aware, this is roughly how the EU is funded in the first place.

CKhalvashi

parking_question_chap wrote: »

Oh well thats wonderful news.

Dont suppose you could break down this £80billion for us could you?

Using Cadburys as an example, production has been outsourced to wherever, creating room to create more jobs in a growing economy, presumably with Cadbury Co's profits remaining subject to UK tax.

How is that not a benefit to the UK?

Also, I can see a number of UK companies that go into administration being bought very cheaply by foreign companies, merged into their operation with any profit it would have made (including on UK sales) going abroad.

If this is done more/less at cost price, there would be very little/no profit for UK Corp Tax to be paid on, and if exported (even to the EU) no VAT for the government.

Basically, it looks like the UK will become nothing more than a low wage outsourcing hub. Well done guys!

cogito

CKhalvashi wrote: »

Using Cadburys as an example, production has been outsourced to wherever, creating room to create more jobs in a growing economy, presumably with Cadbury Co's profits remaining subject to UK tax.

How is that not a benefit to the UK?

I'm sure that the former Cadbury employees will be thrilled with your anaysis. Here are details of tax paid by Cadbury,s in the UK in 2015. In round numbers, it was the roundest of all - nil on a profit of nearly £100m.

https://www.theguardian.com/business/2015/dec/06/cadburys-owner-paid-no-uk-tax-last-year

I normally repect your posts even though I may disagree with them but on this occasion, you've made a bit of a fool of yourself.

CKhalvashi

cogito wrote: »

I'm sure that the former Cadbury employees will be thrilled with your anaysis. Here are details of tax paid by Cadbury,s in the UK in 2015. In round numbers, it was the roundest of all - nil on a profit of nearly £100m.

https://www.theguardian.com/business/2015/dec/06/cadburys-owner-paid-no-uk-tax-last-year

I normally repect your posts even though I may disagree with them but on this occasion, you've made a bit of a fool of yourself.

It's been a long weekend.

I'd forgotten it had been bought by a US company, hence the error there. I believe part of the larger company still has its HQ in the UK though, so therefore morally (if not legally) it should be paying UK tax. I've already crossed the subject of where I stand on this personally several times in the past.

The general analysis still stands though, that for a stronger economy with the same number of workers, we should be outsourcing lower value work internationally, thus creating a higher income per capita overall.

This won't work for everything, but it should work for some sectors, and food production is IMO one of them.

CLAPTON

CKhalvashi wrote: »

They already do, largely through farming subsidies. How much have Cornwall and Wales had from EU funds again?

The point I was making though was that the system would be fairer if everyone put in a percentage of their last years GDP into a pot, with funding targeted in the areas that need it most, although as you're already aware, this is roughly how the EU is funded in the first place.

your ignorance is awesome

CKhalvashi

CLAPTON wrote: »

your ignorance is awesome

As you've so helpfully decided to be insulting, maybe you'd like to be even more helpful, and explain how it actually works then?

CLAPTON

CKhalvashi wrote: »

It's been a long weekend.

I'd forgotten it had been bought by a US company, hence the error there. I believe part of the larger company still has its HQ in the UK though, so therefore morally (if not legally) it should be paying UK tax. I've already crossed the subject of where I stand on this personally several times in the past.

The general analysis still stands though, that for a stronger economy with the same number of workers, we should be outsourcing lower value work internationally, thus creating a higher income per capita overall.

This won't work for everything, but it should work for some sectors, and food production is IMO one of them.

an inevitable consequence is more imports
there is no guarantee or reasonable expectation that the 'new work' will create export
certain result : huge and increasing balance of payment deficit which will devalve the pound

you of course will blame brexit

CKhalvashi

CLAPTON wrote: »

an inevitable consequence is more imports
there is no guarantee or reasonable expectation that the 'new work' will create export
certain result : huge and increasing balance of payment deficit which will devalve the pound

you of course will blame brexit

No, as I have since long before Brexit was on the table, I'd blame the inability of the county to get a decent enough network together to get exports up in the first place.

I've deal with various embassies of various countries in the course of work, and one area that the British government is hugely lacking in has long been an investment/export division in these. It's something that in London, I can think of 4 just from the top of my head, so why is it something that the British government has been excluding for so long?

Ok, the export directory goes some way to solving this, but in reality it doesn't go far enough, and as such it won't be something I'll be joining.

CLAPTON

CKhalvashi wrote: »

As you've so helpfully decided to be insulting, maybe you'd like to be even more helpful, and explain how it actually works then?

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