Brexit - was it worth it? (Vol. 4)
Discussion
Murph7355 said:
Deesee said:
732NM said:
sugerbear said:
"Ireland reaps €700m Brexit bonanza from customs duties - Dublin records near-doubling of tax revenue from duties on imports of clothing, food and other goods from Great Britain" - headline in the Gruniard today.
Another brexit win for someone else.
The Irish consumer is paying that. Maybe the EU should reduce their import duties so the Irish consumer is better off.Another brexit win for someone else.
Most of these Tax revenues are from goods of not preferable origin, ie Clothing made in China/India..
UK now responsible for half of Irelands customs revenue due to the fact goods are held here for a short time warehoused.
If they were made in the EU or UK no Tariff..
EU needs to restore some factory's in the Southern States....
& Ireland no longer in recession as of this morning..
And iirc Brexit wasn't really about them. They make their own choices.
If the duty are on goods made in China/India then the obvious solution is to set up and import directly. Again taking business away from the UK.
Murph7355 said:
Deesee said:
732NM said:
sugerbear said:
"Ireland reaps €700m Brexit bonanza from customs duties - Dublin records near-doubling of tax revenue from duties on imports of clothing, food and other goods from Great Britain" - headline in the Gruniard today.
Another brexit win for someone else.
The Irish consumer is paying that. Maybe the EU should reduce their import duties so the Irish consumer is better off.Another brexit win for someone else.
Most of these Tax revenues are from goods of not preferable origin, ie Clothing made in China/India..
UK now responsible for half of Irelands customs revenue due to the fact goods are held here for a short time warehoused.
If they were made in the EU or UK no Tariff..
EU needs to restore some factory's in the Southern States....
& Ireland no longer in recession as of this morning..
And iirc Brexit wasn't really about them. They make their own choices.
Mrr T said:
The answer is possible more complex depending on the goods. While the Irish consumer is paying it if the duty makes the product more expensive than products produced locally or imported directly the UK exporter may be having to reduce there profit margin to remain competitive. Therefore reducing UK corporation tax payments.
If the duty are on goods made in China/India then the obvious solution is to set up and import directly. Again taking business away from the UK.
Not quite the UK and EU have a trade agreement on goods made in their and our area.. If the duty are on goods made in China/India then the obvious solution is to set up and import directly. Again taking business away from the UK.
The EU we’re very clear they did not want goods of EU origin subject to tariffs into the Uk. ROW stuff we compete now as UK, they complete as the bloc.
- *
watch this space as they figure out we get 100% of customs charges and Ireland/France/Belgium only get 25%… far easier for us to do the heavy lifting on ROW imports and transship to EU.. Ireland is certainly better off.We charge for transshipment, Ireland paying extra, however the more they spend…the more the gross contributors to the EU contribute… whom are Germany..
Mrr T said:
The answer is possible more complex depending on the goods. While the Irish consumer is paying it if the duty makes the product more expensive than products produced locally or imported directly the UK exporter may be having to reduce there profit margin to remain competitive. Therefore reducing UK corporation tax payments.
If the duty are on goods made in China/India then the obvious solution is to set up and import directly. Again taking business away from the UK.
Of course. But that would be a very different headline to be commented on. If the duty are on goods made in China/India then the obvious solution is to set up and import directly. Again taking business away from the UK.
Deesee said:
Mrr T said:
The answer is possible more complex depending on the goods. While the Irish consumer is paying it if the duty makes the product more expensive than products produced locally or imported directly the UK exporter may be having to reduce there profit margin to remain competitive. Therefore reducing UK corporation tax payments.
If the duty are on goods made in China/India then the obvious solution is to set up and import directly. Again taking business away from the UK.
Not quite the UK and EU have a trade agreement on goods made in their and our area.. If the duty are on goods made in China/India then the obvious solution is to set up and import directly. Again taking business away from the UK.
The EU we’re very clear they did not want goods of EU origin subject to tariffs into the Uk. ROW stuff we compete now as UK, they complete as the bloc.
- *
watch this space as they figure out we get 100% of customs charges and Ireland/France/Belgium only get 25%… far easier for us to do the heavy lifting on ROW imports and transship to EU.. Ireland is certainly better off.We charge for transshipment, Ireland paying extra, however the more they spend…the more the gross contributors to the EU contribute… whom are Germany..
I understand the TCA may mean no duties on UK goods sold in the EU and visa versa. However, the definition of UK goods is based on the value added to the good in the UK. Below that value duties apply. So bringing goods into the UK will likely incur UK duty, exporting the goods to the EU, incurs EU duty if insufficient value is added in the UK.
So double duty. So either the exporter will have to cut margin to be competitive, or import directly into the EU.
Mrr T said:
I am not an expert on this and if you are then I am wrong.
I understand the TCA may mean no duties on UK goods sold in the EU and visa versa. However, the definition of UK goods is based on the value added to the good in the UK. Below that value duties apply. So bringing goods into the UK will likely incur UK duty, exporting the goods to the EU, incurs EU duty if insufficient value is added in the UK.
So double duty. So either the exporter will have to cut margin to be competitive, or import directly into the EU.
I understand the TCA may mean no duties on UK goods sold in the EU and visa versa. However, the definition of UK goods is based on the value added to the good in the UK. Below that value duties apply. So bringing goods into the UK will likely incur UK duty, exporting the goods to the EU, incurs EU duty if insufficient value is added in the UK.
So double duty. So either the exporter will have to cut margin to be competitive, or import directly into the EU.
- ANY* goods that are made/processed or incorporated into another goods, (think raw material for manufacture into goods) in the UK or EU is tariff free under the UK/EU trade agreement. 3rd Party finished 'toot' is taxed by the EU/UK in the same way.
UK value is that we have a very modern and efficient ports and custom clearance, that is entirely commercial not state owned or over unionised, we massively underplay our role in how good we are at these things.
If it was better value for the 3rd country wholesaler and or retailer to have EU to EU trade they would be doing this, & they are not..
Further deregulation will take place with 'FreePorts' we will see more goods arriving in the UK for Re/Manufacture, which will encourage post Brexit investment (already happening) Eg Nissan, Giga Factory in Somerset for example. The mega investments in super large LNG terminals in Wales and Kent and Gas/Electric interconnecters are also paying huge dividends and creating revenue for the UK.
In regards to everyday consumer goods, you will start to see on tags or packaging, not for UK or Not for EU, so that the goods are not 'double' taxed for the consumer. Have a look next time you are in the supermarket for example on goods such as bacon or a regional European ham, you will note in the UK it states 'not for EU'. This insures that the consumer is not at risk of being 'double' taxed, as it has been processed and or packed by a competent authority with the relevant HMRC/EU equivalent sign off.
Remember the EU used to take a very large fee from the UK of its GDI + 75% of customs fees + a % of all VAT spend.
Now UK pays no GDI fee, retains 100% of customs fees and retains all VAT proceedings as well as UK residents being able to reclaim VAT on EU purchases brought back to the UK & we are attracting world wide investment for very large infrastructure/manufacturing projects, we have somewhat in our region very low unemployment and approx 1m jobs that need filling.
Now its a bit of a joke that the bus stated 350 million extra a week for the NHS, however treasury are now doing a billion a week extra... UK plc is funding this.. Minimum wage from 2016 to 2024 practically doubled.. UK plc funding this too.. Meanwhile over the Channel, 30% youth unemployment, no access to UK job market, social unrest, the rise of the far right, I do grant its warmer and the foods a bit nicer, however the Dutch, Germans and the Danes can't do there social experiment without our help hence we will see more of this type of trade and poor Journalism from the 'remain' lefty press how the UK are charging more or fulling inflation does not really help imo..
& if the Irish are 'double taxing' their own consumers the EC will take all the cash, then fine them more in budget and the Irish consumer will end up paying more.
Deesee said:
Mrr T said:
I am not an expert on this and if you are then I am wrong.
I understand the TCA may mean no duties on UK goods sold in the EU and visa versa. However, the definition of UK goods is based on the value added to the good in the UK. Below that value duties apply. So bringing goods into the UK will likely incur UK duty, exporting the goods to the EU, incurs EU duty if insufficient value is added in the UK.
So double duty. So either the exporter will have to cut margin to be competitive, or import directly into the EU.
I understand the TCA may mean no duties on UK goods sold in the EU and visa versa. However, the definition of UK goods is based on the value added to the good in the UK. Below that value duties apply. So bringing goods into the UK will likely incur UK duty, exporting the goods to the EU, incurs EU duty if insufficient value is added in the UK.
So double duty. So either the exporter will have to cut margin to be competitive, or import directly into the EU.
- ANY* goods that are made/processed or incorporated into another goods, (think raw material for manufacture into goods) in the UK or EU is tariff free under the UK/EU trade agreement. 3rd Party finished 'toot' is taxed by the EU/UK in the same way.
Deesee said:
UK value is that we have a very modern and efficient ports and custom clearance, that is entirely commercial not state owned or over unionised, we massively underplay our role in how good we are at these things.
If it was better value for the 3rd country wholesaler and or retailer to have EU to EU trade they would be doing this, & they are not..
Your right the UK ports are the biggest in Europe, except 2 second research shows they are some way down the list. If it was better value for the 3rd country wholesaler and or retailer to have EU to EU trade they would be doing this, & they are not..
The fact is retailers including some who post here are and have set up EU entities to avoid the costs and inconvenience of UK/TH trade.
Mrr T said:
So I post about importing finished goods and you start off posting about raw materials. According to the poster the duties relate to goods from China/India so likely finished goods. So many UK importers of such goods set up EU entities to avoid the costs.
UK Exporters of manufactured/re manufactured goods made in the EU/UK do not need to set up a company in the EU, they can (mainly) export tariff free.The EU rules on goods of European (and now UK) origin are clear.
ROW finished goods within the rules on goods of european origin are taxed the same on arrival in the UK and EU.. however transhipment charges apply. Hence why UK owned companies have set up 'hubs' in say Luxembourg/Netherlands to import from ROW to distribute within EU, it's very important that EU countries follow the protocol from the EC and don't pass unfair charges to their own consumers/citizens.
However the cost of maintaining 2 distribution hubs within say 5/9 hours by truck has to be balanced by a just paying a transhipment charge, or perhaps even finishing the T-shirt/Jeans in the EU/UK.
Regardless of where the company is owned, if it is transhipped via the UK (such as the Primark clothes made in India shipped to UK then forwarded to Ireland) and is finished goods, transhipment charges apply.
Mrr T said:
Deesee said:
UK value is that we have a very modern and efficient ports and custom clearance, that is entirely commercial not state owned or over unionised, we massively underplay our role in how good we are at these things.
If it was better value for the 3rd country wholesaler and or retailer to have EU to EU trade they would be doing this, & they are not..
Your right the UK ports are the biggest in Europe, except 2 second research shows they are some way down the list. If it was better value for the 3rd country wholesaler and or retailer to have EU to EU trade they would be doing this, & they are not..
The fact is retailers including some who post here are and have set up EU entities to avoid the costs and inconvenience of UK/TH trade.
We have the largest RORO ferry port in the world, and another google will show that the chunnel freight trains are being replaced and to be increased in size from 24 trucks to 36 trucks, and will go from 4 per hour to 7 per hour and an increase in speed to 130kph.. But you know Brexit Bad, imports down, exports down...
Cobracc said:
CivicDuties said:
Must be like Christmas today for all you Brexit lads. All those lovely new import checks and charges, win win win. Might as well leave the fairy lights up for the next round of wins, too.
Congratulations, boys, enjoy your big day.
Nobody voted for that.Congratulations, boys, enjoy your big day.
Tuesday's James O'Brian was interesting, just listening to it now.
https://www.globalplayer.com/catchup/lbc/uk/episod...
Discussing Brexit and the impact on food prices and UK agriculture. Mostly callers discussing their regret for voting for Brexit, and accepting they fell for the Leave lies. Although, there is one caller who mentioned they never voted for cheaper food, only sovereignty - which PH'r is it? ;-)
A woman recounted how her mother, who emigrated to the UK from Poland, voted in favor of Leave. Now, she regrets her decision as she faces a steep increase in her food expenses. Plus the specialty Polish foods she occasionally enjoyed have become too expensive to afford.
Acknowledging the challenges brought about by Brexit is a positive move toward mending divisions within the UK. Folks like the Johnson and Rees-Mogg should be held accountable, and not forgetting the woeful leadership of Cameron and Corbyn, they are all culpable.
https://www.globalplayer.com/catchup/lbc/uk/episod...
Discussing Brexit and the impact on food prices and UK agriculture. Mostly callers discussing their regret for voting for Brexit, and accepting they fell for the Leave lies. Although, there is one caller who mentioned they never voted for cheaper food, only sovereignty - which PH'r is it? ;-)
A woman recounted how her mother, who emigrated to the UK from Poland, voted in favor of Leave. Now, she regrets her decision as she faces a steep increase in her food expenses. Plus the specialty Polish foods she occasionally enjoyed have become too expensive to afford.
Acknowledging the challenges brought about by Brexit is a positive move toward mending divisions within the UK. Folks like the Johnson and Rees-Mogg should be held accountable, and not forgetting the woeful leadership of Cameron and Corbyn, they are all culpable.
redback911 said:
Tuesday's James O'Brian was interesting, just listening to it now.
https://www.globalplayer.com/catchup/lbc/uk/episod...
Discussing Brexit and the impact on food prices and UK agriculture. Mostly callers discussing their regret for voting for Brexit, and accepting they fell for the Leave lies. Although, there is one caller who mentioned they never voted for cheaper food, only sovereignty - which PH'r is it? ;-)
A woman recounted how her mother, who emigrated to the UK from Poland, voted in favor of Leave. Now, she regrets her decision as she faces a steep increase in her food expenses. Plus the specialty Polish foods she occasionally enjoyed have become too expensive to afford.
Acknowledging the challenges brought about by Brexit is a positive move toward mending divisions within the UK. Folks like the Johnson and Rees-Mogg should be held accountable, and not forgetting the woeful leadership of Cameron and Corbyn, they are all culpable.
Latest ONS report stated.https://www.globalplayer.com/catchup/lbc/uk/episod...
Discussing Brexit and the impact on food prices and UK agriculture. Mostly callers discussing their regret for voting for Brexit, and accepting they fell for the Leave lies. Although, there is one caller who mentioned they never voted for cheaper food, only sovereignty - which PH'r is it? ;-)
A woman recounted how her mother, who emigrated to the UK from Poland, voted in favor of Leave. Now, she regrets her decision as she faces a steep increase in her food expenses. Plus the specialty Polish foods she occasionally enjoyed have become too expensive to afford.
Acknowledging the challenges brought about by Brexit is a positive move toward mending divisions within the UK. Folks like the Johnson and Rees-Mogg should be held accountable, and not forgetting the woeful leadership of Cameron and Corbyn, they are all culpable.
Since 2019, food prices have increased by a cumulative 34% in Germany, 26% in the UK, 25% in the US, 23% in Canada and France, 21% in Italy, and 12% in Japan
Mainland Europe is not free from the same issues UK has with regards to cost of food. You wont see this of course, all you see is your own local impact, which is why taking callers input can often give the wrong impression. Nowhere is escaping the extra costs post Covid and Ukraine, especially mainland Europe.
732NM said:
redback911 said:
Tuesday's James O'Brian was interesting, just listening to it now.
https://www.globalplayer.com/catchup/lbc/uk/episod...
Discussing Brexit and the impact on food prices and UK agriculture. Mostly callers discussing their regret for voting for Brexit, and accepting they fell for the Leave lies. Although, there is one caller who mentioned they never voted for cheaper food, only sovereignty - which PH'r is it? ;-)
A woman recounted how her mother, who emigrated to the UK from Poland, voted in favor of Leave. Now, she regrets her decision as she faces a steep increase in her food expenses. Plus the specialty Polish foods she occasionally enjoyed have become too expensive to afford.
Acknowledging the challenges brought about by Brexit is a positive move toward mending divisions within the UK. Folks like the Johnson and Rees-Mogg should be held accountable, and not forgetting the woeful leadership of Cameron and Corbyn, they are all culpable.
Latest ONS report stated.https://www.globalplayer.com/catchup/lbc/uk/episod...
Discussing Brexit and the impact on food prices and UK agriculture. Mostly callers discussing their regret for voting for Brexit, and accepting they fell for the Leave lies. Although, there is one caller who mentioned they never voted for cheaper food, only sovereignty - which PH'r is it? ;-)
A woman recounted how her mother, who emigrated to the UK from Poland, voted in favor of Leave. Now, she regrets her decision as she faces a steep increase in her food expenses. Plus the specialty Polish foods she occasionally enjoyed have become too expensive to afford.
Acknowledging the challenges brought about by Brexit is a positive move toward mending divisions within the UK. Folks like the Johnson and Rees-Mogg should be held accountable, and not forgetting the woeful leadership of Cameron and Corbyn, they are all culpable.
Since 2019, food prices have increased by a cumulative 34% in Germany, 26% in the UK, 25% in the US, 23% in Canada and France, 21% in Italy, and 12% in Japan
Mainland Europe is not free from the same issues UK has with regards to cost of food. You wont see this of course, all you see is your own local impact, which is why taking callers input can often give the wrong impression. Nowhere is escaping the extra costs post Covid and Ukraine, especially mainland Europe.
Is anyone else impressed how diseases know the UK has left the EU and now are trying to get into the country!
Has anyone posted the latest Brexit benefit?
Pint-sized bottles of wine on shelves from September in post-Brexit shake-up
https://www.telegraph.co.uk/news/2024/05/02/pint-s...
Not everyone is impressed...
The SNP’s Patrick Grady said ministers should admit there was “little to no demand or interest for this supposedly glorious Brexit benefit”.
Luckily Kemi, our Business Secretary, can justify the increased costs, additional packaging, consumer confusion, lack of adherence to international sizing standards for export?
“I can’t imagine why anyone would be complaining about the sale of pints of wine. If he doesn’t like it, he doesn’t have to buy it.”
How many Brexit benefits are we up to now?
- Blue Passports
- Pint-sized Wine Bottles
Pint-sized bottles of wine on shelves from September in post-Brexit shake-up
https://www.telegraph.co.uk/news/2024/05/02/pint-s...
Not everyone is impressed...
The SNP’s Patrick Grady said ministers should admit there was “little to no demand or interest for this supposedly glorious Brexit benefit”.
Luckily Kemi, our Business Secretary, can justify the increased costs, additional packaging, consumer confusion, lack of adherence to international sizing standards for export?
“I can’t imagine why anyone would be complaining about the sale of pints of wine. If he doesn’t like it, he doesn’t have to buy it.”
How many Brexit benefits are we up to now?
- Blue Passports
- Pint-sized Wine Bottles
redback911 said:
Has anyone posted the latest Brexit benefit?
Pint-sized bottles of wine on shelves from September in post-Brexit shake-up
https://www.telegraph.co.uk/news/2024/05/02/pint-s...
Not everyone is impressed...
The SNP’s Patrick Grady said ministers should admit there was “little to no demand or interest for this supposedly glorious Brexit benefit”.
Luckily Kemi, our Business Secretary, can justify the increased costs, additional packaging, consumer confusion, lack of adherence to international sizing standards for export?
“I can’t imagine why anyone would be complaining about the sale of pints of wine. If he doesn’t like it, he doesn’t have to buy it.”
How many Brexit benefits are we up to now?
- Blue Passports
- Pint-sized Wine Bottles
If there is no market for it, it won't be made. Basic commercial reality.Pint-sized bottles of wine on shelves from September in post-Brexit shake-up
https://www.telegraph.co.uk/news/2024/05/02/pint-s...
Not everyone is impressed...
The SNP’s Patrick Grady said ministers should admit there was “little to no demand or interest for this supposedly glorious Brexit benefit”.
Luckily Kemi, our Business Secretary, can justify the increased costs, additional packaging, consumer confusion, lack of adherence to international sizing standards for export?
“I can’t imagine why anyone would be complaining about the sale of pints of wine. If he doesn’t like it, he doesn’t have to buy it.”
How many Brexit benefits are we up to now?
- Blue Passports
- Pint-sized Wine Bottles
732NM said:
If there is no market for it, it won't be made. Basic commercial reality.
Ah. Yes. But. No. But. The Government says a 568ml size is needed for innovation and greater choice, and demonstrates a fundamental Brexit freedom. Also... Current evidence suggest commercial realities are not a consideration when it comes to Brexit and Government decision making.The last few years have been great for British wine producers and climate change could benefit UK vineyards even more. Good job we have plenty of trade agreements with the biggest consumers of wine, oh wait.
We could sign new trade agreements and align ourselves with other trading partners for size and quality control, but then that would mean giving up sovereignty.
Oh well, we will just need to consume more UK wine, in the UK - maybe not such a bad thing.
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