The economic consequences of Brexit
Poll: The economic consequences of Brexit
Total Members Polled: 732
Discussion
loafer123 said:
Or
Leave, receive 3-4% of tariffs from EU exporters into the UK, which on a net trade balance of €100bn gives us €4bn they pay us, and don't accept either laws or free movement.
That should help us to give a tax break to support FIs with major UK operations.
And what about our financial services? They're not covered by WTO and there are non-tariff barriers like regulation. FSs are 80% of our exports and as best I can tell 43% go to the EU, so that's 30%+ of our exports in total. No single market, and we're left holding our c*cks trying to find buyers for 30% of our exports with 24 months to do it.Leave, receive 3-4% of tariffs from EU exporters into the UK, which on a net trade balance of €100bn gives us €4bn they pay us, and don't accept either laws or free movement.
That should help us to give a tax break to support FIs with major UK operations.
Edit to change "43% go to the UK" to "43% go to the EU", d'oh!
Edited by Mario149 on Thursday 30th June 21:50
Mario149 said:
loafer123 said:
Or
Leave, receive 3-4% of tariffs from EU exporters into the UK, which on a net trade balance of €100bn gives us €4bn they pay us, and don't accept either laws or free movement.
That should help us to give a tax break to support FIs with major UK operations.
And what about our financial services? They're not covered by WTO and there are non-tariff barriers like regulation. FSs are 80% of our exports and as best I can tell 43% go to the UK, so that's 30%+ of our exports in total. No single market, and we're left holding our c*cks trying to find buyers for 30% of our exports with 24 months to do it.Leave, receive 3-4% of tariffs from EU exporters into the UK, which on a net trade balance of €100bn gives us €4bn they pay us, and don't accept either laws or free movement.
That should help us to give a tax break to support FIs with major UK operations.
Leithen said:
According to the EU's Trade Commissioner, it's WTO trade terms for up to a decade until new trade deals are agreed and ratified....
I was under the impression that they will start negotiating on Norway, Flexcit or whatever other option inside '2yr' AR50 invocation. This is new, to me, not encouraging information. Mario149 said:
loafer123 said:
Or
Leave, receive 3-4% of tariffs from EU exporters into the UK, which on a net trade balance of €100bn gives us €4bn they pay us, and don't accept either laws or free movement.
That should help us to give a tax break to support FIs with major UK operations.
And what about our financial services? They're not covered by WTO and there are non-tariff barriers like regulation. FSs are 80% of our exports and as best I can tell 43% go to the UK, so that's 30%+ of our exports in total. No single market, and we're left holding our c*cks trying to find buyers for 30% of our exports with 24 months to do it.Leave, receive 3-4% of tariffs from EU exporters into the UK, which on a net trade balance of €100bn gives us €4bn they pay us, and don't accept either laws or free movement.
That should help us to give a tax break to support FIs with major UK operations.
loafer123 said:
Mario149 said:
loafer123 said:
Or
Leave, receive 3-4% of tariffs from EU exporters into the UK, which on a net trade balance of €100bn gives us €4bn they pay us, and don't accept either laws or free movement.
That should help us to give a tax break to support FIs with major UK operations.
And what about our financial services? They're not covered by WTO and there are non-tariff barriers like regulation. FSs are 80% of our exports and as best I can tell 43% go to the UK, so that's 30%+ of our exports in total. No single market, and we're left holding our c*cks trying to find buyers for 30% of our exports with 24 months to do it.Leave, receive 3-4% of tariffs from EU exporters into the UK, which on a net trade balance of €100bn gives us €4bn they pay us, and don't accept either laws or free movement.
That should help us to give a tax break to support FIs with major UK operations.
kurt535 said:
loafer123 said:
Mario149 said:
loafer123 said:
Or
Leave, receive 3-4% of tariffs from EU exporters into the UK, which on a net trade balance of €100bn gives us €4bn they pay us, and don't accept either laws or free movement.
That should help us to give a tax break to support FIs with major UK operations.
And what about our financial services? They're not covered by WTO and there are non-tariff barriers like regulation. FSs are 80% of our exports and as best I can tell 43% go to the UK, so that's 30%+ of our exports in total. No single market, and we're left holding our c*cks trying to find buyers for 30% of our exports with 24 months to do it.Leave, receive 3-4% of tariffs from EU exporters into the UK, which on a net trade balance of €100bn gives us €4bn they pay us, and don't accept either laws or free movement.
That should help us to give a tax break to support FIs with major UK operations.
loafer123 said:
kurt535 said:
loafer123 said:
Mario149 said:
loafer123 said:
Or
Leave, receive 3-4% of tariffs from EU exporters into the UK, which on a net trade balance of €100bn gives us €4bn they pay us, and don't accept either laws or free movement.
That should help us to give a tax break to support FIs with major UK operations.
And what about our financial services? They're not covered by WTO and there are non-tariff barriers like regulation. FSs are 80% of our exports and as best I can tell 43% go to the UK, so that's 30%+ of our exports in total. No single market, and we're left holding our c*cks trying to find buyers for 30% of our exports with 24 months to do it.Leave, receive 3-4% of tariffs from EU exporters into the UK, which on a net trade balance of €100bn gives us €4bn they pay us, and don't accept either laws or free movement.
That should help us to give a tax break to support FIs with major UK operations.
sidicks said:
berty37 said:
Carney just said 'probably have to ease policy over the summer' -..wonder where those spot rates are now....
Keep up - two rate cuts have been priced in for a few days now!berty37 said:
sidicks said:
berty37 said:
Carney just said 'probably have to ease policy over the summer' -..wonder where those spot rates are now....
Keep up - two rate cuts have been priced in for a few days now!
EnglishTony said:
Sheets Tabuer said:
From all I've read per capita about the same we pay now.
Trying to get my head around it but it seems we have to:
Pay the same
Accept free movement
Accept the laws
+ Not be able to have any say in the process Trying to get my head around it but it seems we have to:
Pay the same
Accept free movement
Accept the laws
So actually worse off
Congratulations
We never had any say in the EU process anyway.
Edited by Dr Jekyll on Friday 1st July 08:35
sidicks said:
berty37 said:
sidicks said:
berty37 said:
Carney just said 'probably have to ease policy over the summer' -..wonder where those spot rates are now....
Keep up - two rate cuts have been priced in for a few days now!
loafer123 said:
Most major FIs already have other EU branches which are locally regulated and through which they can do business. Many funds, for example, are already based in Lux as that is the most US friendly jurisdiction.
Which is why moving jobs from the UK to the rUK is just a matter of getting office space, equipping it, and then telling staff move or lose your job.Its not about the legal jurisdiction of the fund its about where the fund manager/depository (the depository will be legally based in Lux but most of the work will be done in the UK) is based.
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