Brexit

Qikz wrote:
Most are exported to the EU and elsewhere in the world.

I'd love to see companies want to do this with WTO Tarriffs.

I would imagine that big international companies have been given assurances on tax rates. Sure they will probably get hit with tariffs but the tax savings will probably more than make up for it.

PostRe: The EU Referendum: The UK votes Leave by KK » Thu Mar 16, 2017 10:55 am

Big business won't be the losers out of Brexit, that's for damn sure. You're not having all this investment, particularly from notorious profit merchants such as Apple, if they all think this is going to be a disaster...for them. It'll be places like Cornwall and various seaside towns like THANET, JANET and those that rely heavily on EU subsidies that are going to hurt the most because the UK government can't possibly match it.

And the rest of us whose taxes will have to go up to compensate for the reduction in income from corporate tax.

KKLEIN wrote:Big business won't be the losers out of Brexit, that's for damn sure. You're not having all this investment, particularly from notorious profit merchants such as Apple, if they all think this is going to be a disaster...for them. It'll be places like Cornwall and various seaside towns like THANET, JANET and those that rely heavily on EU subsidies that are going to hurt the most because the UK government can't possibly match it.

Exactly.

At the moment Cornwall and the like will be saying it is worth it "to get out of the club". We will see how they feel in 5 years time when they really start feeling the result of their actions.

PostRe: The EU Referendum: The UK votes Leave by KK » Thu Mar 16, 2017 11:12 am

There are 2 ways bugger-all corporation tax can work. In an ideal world it would lead to a big increase in higher paying, higher skilled jobs to compensate or the sheer number of companies moving here equals the same amount of overall tax as it did previously.

But are we all convinced it will? Probably not...the worst case scenario is we just end up with less money to play with; so either public services like the NHS get cut or our council tax goes up (another convenient area in which the government of the day can divert blame onto Labour and the Lib Dems).

KKLEIN wrote:Some more investment in Brexit Britain...

BBC News wrote:Japanese carmaker Toyota is to invest almost a quarter of a billion pounds in its UK operations.

Toyota says it will invest £240m to upgrade the Burnaston plant near Derby to enable production of vehicles using its new global manufacturing system.

The carmaker says the investment will improve the plant's competitiveness and promote UK supply chain efficiencies.

Toyota has been making cars in the UK since 1992. The Burnaston plant makes the Auris and the Avensis models.

Last year, the plant manufactured around 180,000 vehicles. Most are exported to the EU and elsewhere in the world.

The Burnaston plant, together with Toyota's engine plant at Deeside in North Wales, employ about 3,400 workers.

The government is also providing £21.3m in funding for training, research and development and enhancements of the plants environmental performance.

In January, the UK car industry trade body, the SMMT, indicated that uncertainty around Brexit and the UK's future trading arrangements had hit investment in the sector.

It said that total committed investment announcements in the automotive sector in 2016 were approximately £1.66bn across a number of companies. This figure was down from £2.5bn in 2015.

http://www.bbc.co.uk/news/business-39289269

The article says:
i) The Govt contributed a £21.3m sweetener (would this have been required without brexit?)
ii) Continued tariff-and-barrier free access will be vital to future success (i.e. not hard brexit)

So car makers have invested almost a billion less into the UK in 16 than 15 according oto hthe last paragraph.

So May is ruling out a Scottish referendum. It will be fun to see how the SNP respond.

http://www.bbc.co.uk/news/uk-scotland-39293513

Moggy wrote:So May is ruling out a Scottish referendum. It will be fun to see how the SNP respond.

http://www.bbc.co.uk/news/uk-scotland-39293513

I don't think she's ruling it out, she seems to be saying "Not right now"

But Mrs May said it would be "unfair" to hold a vote until the UK's future relationship with the EU became clear.

It's a valid point really. It'd be better to hold a referendum when the facts are known.

Lagamorph wrote:
Moggy wrote:So May is ruling out a Scottish referendum. It will be fun to see how the SNP respond.

http://www.bbc.co.uk/news/uk-scotland-39293513

I don't think she's ruling it out, she seems to be saying "Not right now"

But Mrs May said it would be "unfair" to hold a vote until the UK's future relationship with the EU became clear.

It's a valid point really. It'd be better to hold a referendum when the facts are known.

She's ruling it out on the timescale that the Scottish government wanted. Better?

I'm not so sure she is making a valid point, it's more likely she is desperate to avoid this scenario:

$1.18 per £1 when I went to pay for something on PayPal today :dread:

Moggy wrote:
Lagamorph wrote:
Moggy wrote:So May is ruling out a Scottish referendum. It will be fun to see how the SNP respond.

http://www.bbc.co.uk/news/uk-scotland-39293513

I don't think she's ruling it out, she seems to be saying "Not right now"

But Mrs May said it would be "unfair" to hold a vote until the UK's future relationship with the EU became clear.

It's a valid point really. It'd be better to hold a referendum when the facts are known.

She's ruling it out on the timescale that the Scottish government wanted. Better?

I'm not so sure she is making a valid point, it's more likely she is desperate to avoid this scenario:

Sturgeon would have to do the same though, just the other way round

No she wouldn't.

Leave and we will be out of the EU but wont have the Tories in charge of our future
Stay and we will be out of the EU but will have the Tories in charge of our future.

Errkal wrote:No she wouldn't.

Leave and we will be out of the EU but wont have the Tories in charge of our future
Stay and we will be out of the EU but will have the Tories in charge of our future.

Exactly. Although she can also say "Leave and we will be out of the EU for a short time while we apply for re-entry".

There's no guarantees it would only be a short time is the problem.

Just because Scotland fulfills most of the membership criteria right now doesn't mean they would when they go independent. There's going to be a hell of a lot of financial uncertainty to start with and it's not going to be a quick fix.
And I honestly can't see any kind of fast track membership while there are other countries already waiting.

Yup, a pretty easy job for Sturgeon, which I guess is why May has gone "not right now" as there is no way in hell she can hope to win without being a hypocritical twat.

KKLEIN wrote:Some more investment in Brexit Britain...

BBC News wrote:Japanese carmaker Toyota is to invest almost a quarter of a billion pounds in its UK operations.

Toyota says it will invest £240m to upgrade the Burnaston plant near Derby to enable production of vehicles using its new global manufacturing system.

The carmaker says the investment will improve the plant's competitiveness and promote UK supply chain efficiencies.

Toyota has been making cars in the UK since 1992. The Burnaston plant makes the Auris and the Avensis models.

Last year, the plant manufactured around 180,000 vehicles. Most are exported to the EU and elsewhere in the world.

The Burnaston plant, together with Toyota's engine plant at Deeside in North Wales, employ about 3,400 workers.

The government is also providing £21.3m in funding for training, research and development and enhancements of the plants environmental performance.

In January, the UK car industry trade body, the SMMT, indicated that uncertainty around Brexit and the UK's future trading arrangements had hit investment in the sector.

It said that total committed investment announcements in the automotive sector in 2016 were approximately £1.66bn across a number of companies. This figure was down from £2.5bn in 2015.

http://www.bbc.co.uk/news/business-39289269

Funny thing is. They've just laid off hundreds at their derby plant. Citing brexit as the reason. My mate was one of them.

Lagamorph wrote:There's no guarantees it would only be a short time is the problem.

Just because Scotland fulfills most of the membership criteria right now doesn't mean they would when they go independent. There's going to be a hell of a lot of financial uncertainty to start with and it's not going to be a quick fix.
And I honestly can't see any kind of fast track membership while there are other countries already waiting.

I never said it would be a short time, I said Sturgeon can say that it will only be a short time.

Personally I think Scotland would get back into the EU pretty quickly. They cover almost all of the checklist, the only dicey part might be the economic situation but I would imagine that even if that is a problem, it will be overlooked in order to stick two fingers up at the English Tories that are bound to be pissing off the whole of the EU at that point.

There is absolutely no way Scotland would get back in quickly. It would take at least a decade and that is assuming Spain doesn't veto.

If they went in now, they would be subjected to austerity of Greece proportions.

captain red dog wrote:If they went in now, they would be subjected to austerity of Greece proportions.

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