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Sick Boy

Sick Boy

Super Moderator
Mucca Mad Boys said:
The governments economic policy should really look to incentivise foreign investment, manufacturing and offer a corporation tax in line with (or lower) than Ireland so companies base themselves here rather than the EU. Not that I’d expect a Labour government to do these things…
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They base themselves in Ireland for the low corporation tax but also access to the EU market, something that the UK can’t provide.
 
skybluetony176

skybluetony176

Well-Known Member
Mucca Mad Boys said:
If Trump’s tariffs are long standing, it might actually turn out to be the biggest Brexit dividend. Particularly if we secure a trade deal.

It puts the UK in a unique position to potentially attract US and EU companies to set up in the UK to avoid the other’s retaliatory tariff regimes.

It’s too soon to say either way, mind you.
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The naivety in this statement is staggering. Trump is deliberately orchestrating a worldwide trade war that’s going to be felt in every country in the world regardless of whether they had zero tariffs applied to their goods or slightly smaller tariffs than anyone else. The last time the world was affected by financial decisions in the US it caused a worldwide banking crisis and a global recession. We wouldn’t have escaped the effects on that had we not been in the EU same as won’t escape the effects if Trump hadn’t imposed any tariffs on UK goods at all.
 
David O'Day

David O'Day

Well-Known Member
1743665546816.png

The British Indian Ocean Territory is mostly Diego Garcia which is famously just a US military bases? The Heard And McDonald Islands have no population?

Do any of them have a clue?
 
Sbarcher

Sbarcher

Well-Known Member
Get ready. We will become his 53rd State after Canada and Greenland.
 
shmmeee

shmmeee

Well-Known Member
Mucca Mad Boys said:
Preface: I was a Remainer and advocate for a 2nd referendum.

Brexit has happened and we’re 5 years into a project that’s readjusting from a 50 year status quo. A few people on here and social media think rejoining is this magic thing that will cure Britain’s ills. It’s not and if it was, why are all the major EU economies suffering from more or less the same issues as us?

Tangent aside and back to the point you made, we’re in a position to take advantage of emerging markets with CPTPP and a USA trade agreement would be significant too so the long term outlook for the UK, from an international trade perspective could be quite positive. There are obviously other issues we need to address as a country, mind you.

The governments economic policy should really look to incentivise foreign investment, manufacturing and offer a corporation tax in line with (or lower) than Ireland so companies base themselves here rather than the EU. Not that I’d expect a Labour government to do these things…
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Trade is geographical that’s all there is to it. Everything else is fart sniffing and wish casting. Ireland is part of the EU, basing yourself here for the tax would introduce a ton of legal and regulatory costs that would outweigh any benefit.
 
H

HungarySkyBlue

Well-Known Member
PVA said:
I daren't look at my stocks and shares ISA.
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Most of mine are invested in Europe and have lost some %, but we have about 25k euro in her bank "investment scheme" and it's all in American tech since trump took charge it already lost 1000 euro, expecting it to drop massively now.
 
Mucca Mad Boys

Mucca Mad Boys

Well-Known Member
shmmeee said:
Trade is geographical that’s all there is to it. Everything else is fart sniffing and wish casting. Ireland is part of the EU, basing yourself here for the tax would introduce a ton of legal and regulatory costs that would outweigh any benefit.
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This is an over simplification. Our single biggest trade partner is the US and has been for a while and our trade with the EU was declining steadily from the 1990s. Take a look at where most of the products in your house were produced, it’s more likely to manufactured in China, Vietnam, Bangladesh and India than the EU or even the USA. You’re also not accounting for the decline of trade we had with other Commonwealth nations (Australia and NZ) post-joining the European single market.

For tax purposes you need registrations in the UK and EU when you get to a certain size for VAT and corporation tax anyway. My point is that the government needs to take the initiative and encourage businesses to set up their manufacturing bases to take advantage of our unique position.

For example, the UK and EU has a FTA. So a US company could manufacture a car in the UK using ‘x’ percentage of UK materials and ship it to the EU tariff free if it qualifies for UK origin status. Vice versa with the US if we secured an FTA. We also have trade agreements in place with the CPTPP members which include Japan, Australia, NZ, Canada and Mexico. The trade agreements do not attract businesses to set up here in of itself unless the various tax regimes, employment laws and things energy costs are attractive to them.
 
Mucca Mad Boys

Mucca Mad Boys

Well-Known Member
Brighton Sky Blue said:
How were we not an independent nation before?
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In this context, trade policy was dictated by the EU. If the EU decides to issue retaliatory tariffs on the US, Britain would have to follow suit which is what happened between 2016 and 2020 when the EU and US had a spat over steel and aluminium products.
 
Earlsdon_Skyblue1

Earlsdon_Skyblue1

Well-Known Member
Brighton Sky Blue said:
How were we not an independent nation before?
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What do you mean? We have 10%, the EU 20%. This is directly because of us leaving the EU.

Whatever you think of Brexit, this is a benefit of it. There are some attitudes popping up all over the internet today that just go to show that some people genuinely still don't want us to do well because they lost the vote back in 2016.

America is a mess right now, but this is an opportunity for us to take. It isn't time for small-mindedness.
 
S

SBT

Well-Known Member
Earlsdon_Skyblue1 said:
What do you mean? We have 10%, the EU 20%. This is directly because of us leaving the EU.

Whatever you think of Brexit, this is a benefit of it. There are some attitudes popping up all over the internet today that just go to show that some people genuinely still don't want us to do well because they lost the vote back in 2016.

America is a mess right now, but this is an opportunity for us to take. It isn't time for small-mindedness.
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I mean, I’ll take the wins where we can get them, but a 10% discount on tariffs that are likely to be unwound within four years is not going to justify Brexit on its own.

It’s like patting yourself on the back for blowing a hole in your ceiling and calling it a sunroof because the weather’s nice today.
 
Mucca Mad Boys

Mucca Mad Boys

Well-Known Member
SBT said:
I mean, I’ll take the wins where we can get them, but a 10% discount on tariffs that are likely to be unwound within four years is not going to justify Brexit on its own.

It’s like patting yourself on the back for blowing a hole in your ceiling and calling it a sunroof because the weather’s nice today.
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That’s not a guarantee. The EU will escalate the trade war and the changing of the president doesn’t necessarily mean the trade war will end immediately.

The current status quo of allowing China to dominate manufacturing isn’t good geopolitically for ‘The West’ as a whole.
 
S

SBT

Well-Known Member
Mucca Mad Boys said:
That’s not a guarantee. The EU will escalate the trade war and the changing of the president doesn’t necessarily mean the trade war will end immediately.
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If the tariffs are indeed intended as a negotiation tactic then the whole point of them is to be unwound. A Democratic president would also end the tariffs within hours of being inaugurated.
 
B

Brighton Sky Blue

Well-Known Member
Mucca Mad Boys said:
That’s not a guarantee. The EU will escalate the trade war and the changing of the president doesn’t necessarily mean the trade war will end immediately.

The current status quo of allowing China to dominate manufacturing isn’t good geopolitically for ‘The West’ as a whole.
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The preferred strategy of declaring a trade war on the entire world is an interesting gambit tbf.
 
Sick Boy

Sick Boy

Super Moderator
Earlsdon_Skyblue1 said:
What do you mean? We have 10%, the EU 20%. This is directly because of us leaving the EU.

Whatever you think of Brexit, this is a benefit of it. There are some attitudes popping up all over the internet today that just go to show that some people genuinely still don't want us to do well because they lost the vote back in 2016.

America is a mess right now, but this is an opportunity for us to take. It isn't time for small-mindedness.
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What exactly is the opportunity here?
 
P

PVA

Well-Known Member
I wonder at what point the MAGA cultists might admit they've made a mistake.

Is owning the libs worth losing your car? Your house? Your job?
 
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