Yep. People thinking this is part of a negotiating strategy are completely misreading things. This makes us look truly awful, and they will absolutely call our bluff. The sight of the U.K. marching working people who came here legally down to the docks to deport them would destroy us on the world stage. The impact on the economy would be as bad as long term brexit.
It should be removed off the table, instantly. Anything else is disgusting and amoral, and a betrayal of the people who live and work here.
George Osborne has pledged to cut corporation tax to encourage businesses to continue investing in the UK following the EU referendum vote.
In an interview with the Financial Times, the chancellor said he would reduce the rate to below 15% - some 5% lower than its current 20% rate.
That would give the UK the lowest corporation tax of any major economy.
But former World Trade Organization chief Pascal Lamy said Mr Osborne had to consider what the EU would think.
He told the BBC the chancellor's plan would be seen as in effect the start of Brexit negotiations, and starting with tax was not the right way to go about it.
Cut spending to the NHS :BAnd how's he funding that? Unless that cut increases business revenue across the UK by 25%, that'll make a loss.
Ah well, what's a few more fucked over disabled people, eh?
And how's he funding that? Unless that cut increases business revenue across the UK by 25%, that'll make a loss.
Ah well, what's a few more fucked over disabled people, eh?
Imagine being Osbourne now. No matter what you do, you will hurt people and they will hate you for it.
And how's he funding that? Unless that cut increases business revenue across the UK by 25%, that'll make a loss.
Ah well, what's a few more fucked over disabled people, eh?
He was doing it pretty much out of choice before - he'll be giddy that he has an excuse now.
These companies could still move to Ireland, rigth across the corner, and enjoy being in the EU, being in an English speaking country and paying 12.5% corporation tax.
Ok, the news of Farage running away made me guffaw in real life.
WHAT THE FUCK, UK
This transcends comedy. There is only so much black humour I can take.
And how's he funding that? Unless that cut increases business revenue across the UK by 25%, that'll make a loss.
Ah well, what's a few more fucked over disabled people, eh?
Osbourne to Nestlé: So how about that privatization of water, eh?
Was/is he that bad?
I have to say.. I like Andrea Leadsom,,,
So I just checked the figures and 70.2% of Labour constituencies voted Leave. If you exclude Labour's London constituencies, that figure is 87.2%.
Labour fighting a pro-Remain campaign in a GE would be suicide without a significant shift in public opinion first. I think strategically it would be better just to fight it as normal and try to get a hung parliament just to delay things as long as possible in the hopes that opinion shift occurs. Otherwise, Labour is going to officially be the party of the London metropolitan elite; you'd be looking at a UKIP opposition.
Other markets became important recently because the EU has been undergoing an economic downturn. And still accounts for the plurality of UK trade.Exports from the UK to the EU shrunk from 55% to 45% in the last 10 years, other markets become more important.
I thought I answered regarding which specific sectors will expand as a result of leaving the EU, maybe I am wrong and I missed it before - that's not the right question to ask. The (long term) benefits (as I see them) aren't to any specific sector, they are to all sectors at once. Due to less regulation and being able to strike deals on our own instead of relying on a highly inertial alliance to do that for us.
I agree with everything else, it is going to take time, yes, and there are no guarantees.
Evidence that EU regulations stifled British creativity, innovation, competition and growth is thin on the ground. The OECD assesses that the UK has the second lowest level of product market regulation among its members, just below the Netherlands. There is no figure for the US in 2013.
The differences between EU member states in this measure and in assessments of labour market regulation suggests that, far from harmonising practices across member states, Brussels rules allow countries to maintain their own rules to have highly or lightly regulated economies.
Britain has a good record in international league tables and by far the most costly regulations are not shown here, such as rules governing planning and the use of land. There is no guarantee that repatriating regulatory activity from Brussels will not make the rules worse. Such repatriation will itself be a massive bureaucratic undertaking. It would be better to improve the regulatory environment where Britain has always been in control, but failed to take action.
https://next.ft.com/content/0260242c-370b-11e6-9a05-82a9b15a8ee7What will a new ministry of trade have to do after the country breaks off with the EU to replace current trading relationships? Sign a deal with the remaining 27 members of the EU, come to an arrangement with about 50 additional countries with which the EU has preferential deals, or all the remaining 161 members of the World Trade Organisation?
A bilateral deal with the bloc is likely to take years to negotiate, say experienced trade negotiators. Barack Obama, US president, has also cautioned that Britain would be at the back of the queue for a US-UK trade deal.
Lower levels of activity were overwhelmingly linked to deteriorating order books and a corresponding lack of new work to replace completed projects.
A number of firms commented on reluctance among clients to commence new contracts in the run-up to the EU referendum, alongside ongoing uncertainty about the general economic outlook
This dragged Markits construction PMI down to 46.0 in June, down from 51.2 in May.
Any reading below 50 shows a contraction, and 46.0 is the lowest reading since September 2009.
Most of the survey was conducted before the results was known, on June 24.
So UK construction had imploded pre-ref. I'm sure things will improve now....nurse, nurse
But hey, "things won't be rosy" for a while. It's not like it's actual folks livelihoods involved here.
Thanks, I was looking for this number when that votes by party info graphic was doing the rounds. It's much more revealing about the problem Labour has, and the disconnect between Corbyn rallies and the actual views of the country.So I just checked the figures and 70.2% of Labour constituencies voted Leave. If you exclude Labour's London constituencies, that figure is 87.2%.
Labour fighting a pro-Remain campaign in a GE would be suicide without a significant shift in public opinion first. I think strategically it would be better just to fight it as normal and try to get a hung parliament just to delay things as long as possible in the hopes that opinion shift occurs. Otherwise, Labour is going to officially be the party of the London metropolitan elite; you'd be looking at a UKIP opposition.
Shouldn't the liberals be the party of the metropolitan elite rather than the Labour? At least this seems to be the case in the countries where liberals are relevant, I think.
Yeah and this is happening already, god only knows how bad this will become, frankly i think the so called "project fear" underestimated the incoming damage.
Its unavoidable though. Why should a migrant from an EU nation be treated differently than someone from a non-EU one? Its not about "marching people to the docks", its about legal status following a potential annulment of special conditions for being an EU member.
It cuts both ways, because until that deal is done bilaterally its always very much a "live" political time-bomb.
For this reason its also a strong point of leverage to get the EU to the table prior to article 50 being triggered, whether they like it or not.
Regarding other industries as well, banks and housing are the obvious impacts:I'm just going by anecdotal evidence at the minute, but so many friends and acquaintances are reporting the same thing: cancelled or indefinitely postponed orders (lots of brexit clauses out there), hiring freezing and non perms let go.
ONE of the first results to be declared on referendum night was that of Sunderland, in north-eastern England. Remarkably, 61% voted to leave the EU, despite the fact that 7,000 local jobs depend on the city’s Nissan car plant, which exports just over half its cars to Europe. Nissan had warned about the risks to carmaking in Britain if the country were to leave the EU, but few listened. It summed up a disastrous night for business and the economy.
Cars are not the only industry at risk. Banks are talking about moving jobs abroad (see article). Airlines are charting new courses: Ryanair will divert $1 billion of investment in new aeroplanes from Britain towards the rest of the EU, and Wizz, a Hungarian rival, says it will make no more investments in Britain after the winter.
Pharmaceutical firms are nervous. Brexit would restrict access to European research funds worth $1 billion. Stéphane Boissel, the boss of TxCell, a French biotech company, says he will no longer team up with British researchers, for fear of losing EU funding. The drug industry will suffer from stricter immigration policies. In Cambridge, one-third of researchers are foreign nationals. Much regulatory work in pharma is undertaken by the European Medicines Agency, an EU body based in London—though perhaps not for long.
...
Everywhere companies are drawing in their horns. The Institute of Directors says one-quarter of its members plan to halt recruitment, and 5% plan redundancies. Adzuna, a jobs website, had one-quarter fewer new listings the Monday after Brexit than it had the previous week.
I have to say.. I like Andrea Leadsom,,,
Thanks, I was looking for this number when that votes by party info graphic was doing the rounds. It's much more revealing about the problem Labour has, and the disconnect between Corbyn rallies and the actual views of the country.
Religious godbothering fanatic who has signed up the brexit have your cake and eat it fantasy of single market access sans freedom of movement.
What's not to like?
Religious godbothering fanatic who has signed up the brexit have your cake and eat it fantasy of single market access sans freedom of movement.
What's not to like?
Well.. the other choice seems to be the evil Sith Lord herself..
In terms of damage to the country, in the public sector - we've just had to put the kibosh on a human trafficking project that covered multiple London boroughs, Greece and Sweden. It was going to be funded through an EU grant stream, and we've spent months building it. That's the sort of thing that simply doesn't happen outside the EU
There's so many really long term, public interest things that happen via and through the EU that will cease to be as a result of this. Hell, I can't think of the last time I went to a nature reserve and didn't see that EU flag somewhere for providing funding / does anyone think that will now come from central government?
She wants to make UK the greatest nation in the world! What are you? A commie? *Oh no wait, wrong English speaking country.* What are you? French?
Well.. the other choice seems to be the evil Sith Lord herself..
Interesting article (with an Irish slant to the situation) on getting rid of the Euro, from a self-professed federalist.
http://www.thetimes.co.uk/article/w...g?shareToken=8f44a595236352e03f0a49ffff95b781
Cut spending to the NHS :B
IDS is supporting Leadsom, which is about as big a character assassination that you can get
He's managed to maintain a reputation for being a safe pair of hands in spite of being probably the worst post-war chancellor, I don't see why that would stop now.Imagine being Osbourne now. No matter what you do, you will hurt people and they will hate you for it.
Something like ~85% of Labour MPs are in pro-Leave seats; it's not entirely surprising.
We're living The Thick of It season five.I'm waiting for the BBC to reveal that this is all just part of their new, super high-budget hidden camera show "I can't believe something so incredibly insane and stupid could happen and it keeps on getting worse".