Brexited | the worst threads live the longest

[Red Defence]

WTF are you on about? You really think an incremental 20% tax?

It's already gone from 12-15% to 20%. It'll be 30% next, mark my words.

 

[Chorley1974]

The biggest issue will be financial passporting, which the UK will lose once outside the single market. Such disadvantage will remain even after the UK has managed to make a deal with WTO (which is far from straightforward, to start negotiation process the UK must be out of the EU and the process can last years. There's also plenty of countries in the WTO who doesn't like you very much too).

Stock Markets..... Think about it

 

[JPRouve]

Duty for cars imported from outside the EU to the UK is currently 10%

Duty is 10% and VAT 20%, the VAT is deductable for professionals.

 

[devilish]

Stock Markets..... Think about it

erm what?

 

[Chorley1974]

It's already gone from 12-15% to 20%. It'll be 30% next, mark my words.

Indeed I will, when I'm buying my next BMW with an additional 30% tax I will remark 'Good God Red Defence was right all along' ........

Absolute bollocks

 

[Red Defence]

I was joking.

 

[Chorley1974]

erm what?

cost of business, value of market etc, if UK is so fecked why???? Spell it out for me please

 

[Chorley1974]

I was joking.

sorry

 

[Paul the Wolf]

Duty is 10% and VAT 20%, the VAT is deductable for professionals.

Yes but VAT is payable anyway, but it is the hassle of processing all this which will be a big problem. At least there will be more jobs for civil servants.

 

[PedroMendez]

I don't think the UK want to be a member of the single market at all, just have the same access to the single market in the way other countries around the world have access.

Not allowing them access in the same way as others would be a form of discrimination would it not.

that is not even in doubt. The EU wouldn't even be allowed to discriminate in such a way. I can promise you 100%, that this is never going to happen. Getting the same deal like other foreign countries won't be a problem at all. The issue is, that this alone could have massive impact on the British economy. Nobody (who is serious) is talking about anything else.

 

[SirHenryPercy]

Get your toys out of the pram you big baby. We are nothing? WTF planet are you on?

Oh really, do tell me wtf are we? As the pound falls continuously we become less and less attractive to export to and precisely what apart from services do we export?

 

[Red Defence]

that is not even in doubt. The EU wouldn't even be allowed to discriminate in such a way. I can promise you 100%, that this is never going to happen. Getting the same deal like other foreign countries won't be a problem at all. The issue is, that this alone could have massive impact on the British economy. Nobody (who is serious) is talking about anything else.

I believe we'll cope. We are always at our best when the going gets tough.

 

[devilish]

Doubt that Merkel wants to make her situation any worse than it is by making a load of German car workers redundant.

Jeez how many times have I got to repeat it. Merkel is not the goddess of the EU irrespective what Farage tells you. There's 27 countries in the EU, a substantial number of them barely do any meaningful business with the UK and hold freedom of movement dearly. Unlike the UK were Scotland/Northern Ireland seem to have no real say on important issues, every single country in the EU is armed with a VETO. If the deal isn't right for everybody then it will be torpedoed irrespective whether Merkel/May wants that or not.

 

[JPRouve]

I believe we'll cope. We are always at our best when the going gets tough.

Obviously you will cope, the only problem is that both sides will pay a little bit more than what they want.

 

[devilish]

cost of business, value of market etc, if UK is so fecked why???? Spell it out for me please

All I am saying is that unless the UK remains in the single market then it can kiss its financial passport within the EU goodbye. That wont happen unless the UK accepts freedom of movement

 

[Red Defence]

Jeez how many times have I got to repeat it. Merkel is not the goddess of the EU irrespective what Farage tells you. There's 27 countries in the EU, a substantial number of them barely do any meaningful business with the UK and hold freedom of movement dearly. Unlike the UK were Scotland/Northern Ireland seem to have no real say on important issues, every single country in the EU is armed with a VETO. If the deal isn't right for everybody then it will be torpedoed irrespective whether Merkel/May wants that or not.

So you keep saying but you need to tell that to Merkel not me. And, I know, you don't need to keep telling me, no-one likes us either. (not that they take you into their confidence I'm sure) And I know there are 27 countries with a VETO so you don't need to keep telling me that either. And I know, the other leaders are feeling petty and vindictive so you don't need to tell me that again either.

Just in case you missed it though I will repeat myself again if it's ok with you....we do not want to be a member we just want access and access does not come with a freedom of movement clause...as the rest of the world will confirm.

 

[SirHenryPercy]

All I am saying is that unless the UK remains in the single market then it can kiss its financial passport within the EU goodbye. That wont happen unless the UK accepts freedom of movement

If the uk loses its passporting rights for clearing of € deals and those of all the major currencies then you may as well turn the lights off in the Uk, there will be no coming back.

 

[SirHenryPercy]

So you keep saying but you need to tell that to Merkel not me. And, I know, you don't need to keep telling me, no-one likes us either. (not that they take you into their confidence I'm sure) And I know there are 27 countries with a VETO so you don't need to keep telling me that either. And I know, the other leaders are feeling petty and vindictive so you don't need to tell me that again either.

Just in case you missed it though I will repeat myself again if it's ok with you....we do not want to be a member we just want access and access does not come with a freedom of movement clause...as the rest of the world will confirm.

Yes it does, listen to the EU leaders, how many times do they need to say it before you accept it?

 

[Silva]

So you keep saying but you need to tell that to Merkel not me. And, I know, you don't need to keep telling me, no-one likes us either. (not that they take you into their confidence I'm sure) And I know there are 27 countries with a VETO so you don't need to keep telling me that either. And I know, the other leaders are feeling petty and vindictive so you don't need to tell me that again either.

Just in case you missed it though I will repeat myself again if it's ok with you....we do not want to be a member we just want access and access does not come with a freedom of movement clause...as the rest of the world will confirm.

This won't be a negotiation with the rest of the world. This is a member state posing an existential threat to the European Union. They're not going to be bend over.

 

[Paul the Wolf]

Duty is 10% and VAT 20%, the VAT is deductable for professionals.

A further point to this though is the exchange rate - an imported car from the EU that cost €39000 for example or £30000 on June 22nd at €1.30/£1 now would cost £35000+ at €1.11/£1 - there's your additional 15% assuming the exchange rate doesn't slide even further which is highly unlikely. This seems to have been forgotten.

 

[JPRouve]

So you keep saying but you need to tell that to Merkel not me. And, I know, you don't need to keep telling me, no-one likes us either. (not that they take you into their confidence I'm sure) And I know there are 27 countries with a VETO so you don't need to keep telling me that either. And I know, the other leaders are feeling petty and vindictive so you don't need to tell me that again either.

Just in case you missed it though I will repeat myself again if it's ok with you....we do not want to be a member we just want access and access does not come with a freedom of movement clause...as the rest of the world will confirm.

The thing is you have access, almost everyone has free access. I don't think that there is any embargo currently.

 

[Red Defence]

Yes it does, listen to the EU leaders, how many times do they need to say it before you accept it?

Since when did Canada, China, Russia, Turkey etc agree free movement agreements with the EU in order to trade?

 

[Silva]

Since when did Canada, China, Russia, Turkey etc agree free movement agreements with the EU in order to trade?

Those nations don't pose an existential threat.

 

[devilish]

So you keep saying but you need to tell that to Merkel not me. And, I know, you don't need to keep telling me, no-one likes us either. (not that they take you into their confidence I'm sure) And I know there are 27 countries with a VETO so you don't need to keep telling me that either. And I know, the other leaders are feeling petty and vindictive so you don't need to tell me that again either.

Just in case you missed it though I will repeat myself again if it's ok with you....we do not want to be a member we just want access and access does not come with a freedom of movement clause...as the rest of the world will confirm.

So let me repeat again. The access you will need is not the limited access Canada or Iceland gets or want. Its far far more than that, especially if you want financial passporting. Also unlike your Brexit expert who thought that the UK can sign deals with individual EU countries when its not the case or your foreign secretary who promised a trade deal to Turkey even though its in the EU customs union, Merkel knows a thing or two about the EU. Knowledge regarding the EU tend to come with exposure and unfortunately the UK were never interested in the EU. That's clearly reflected by the UKIP MEPs who were too busy blaming immigrants regarding living off on British benefits to actually do their work in Brussels. In matter of fact UKIP had the laziest MEPs in Europe.

Here is what Merkel and the BDI had to say about the matter

http://www.telegraph.co.uk/news/201...ot-save-britain-from-hard-brexit-warns-merke/

 

[AshfordLad]

Financial passporting might not be as big a deal as people are making it out to be. It will be easily offset (and then some more) by the huge boost for the non-eu part.

 

[devilish]

Since when did Canada, China, Russia, Turkey etc agree free movement agreements with the EU in order to trade?

Turkey is in the customs union, China has numerous agreements with the EU which are pretty restricted when compared to unrestricted single market access, Canada will soon sign a trade deal with the EU which took 7 long years and similarly to China is nowhere near to unrestricted access to the single market. I dont know about Russia. I doubt the EU will be drinking vodka with Putin anytime soon though.

None of these countries have the level of access to the single market that the UK wants and seeks. If it wants that, then it must accept freedom of movement

 

[Red Defence]

I'm not interested in Merkel's comments on anything really. There's too much of a bravado act coming out of the EU now and it's not worthy of much respect.

 

[devilish]

Financial passporting might not be as big a deal as people are making it out to be. It will be easily offset (and then some more) by the huge boost for the non-eu part.

you're one of the very few people I know saying that

 

[devilish]

I'm not interested in Merkel's comments on anything really. There's too much of a bravado act coming out of the EU now and it's not worthy of much respect.

So what exactly you're interested in?

 

[Silva]

So what exactly you're interested in?

We're going to make Britain great again, folks, believe me, we will, we're going to make it great again.

 

[SirHenryPercy]

Financial passporting might not be as big a deal as people are making it out to be. It will be easily offset (and then some more) by the huge boost for the non-eu part.

Yeah it's only 12% of our entire GDP!

 

[SirHenryPercy]

So what exactly you're interested in?

He's interested in the nonsensical ramblings of Davis, Johnson and Fox.

 

[AshfordLad]

you're one of the very few people I know saying that

My firm cant wait for us to be out of the EU.

Also, eu is a graveyard for financial services with zero growth a reality for years to come and govts and regulators against these companies.

 

[Red Defence]

il

Turkey is in the customs union, China has numerous agreements with the EU which are pretty restricted when compared to unrestricted single market access, Canada will soon sign a trade deal with the EU which took 7 long years and similarly to China is nowhere near to unrestricted access to the single market. I dont know about Russia. I doubt the EU will be drinking vodka with Putin anytime soon though.

None of these countries have the level of access to the single market that the UK wants and seeks. If it wants that, then it must accept freedom of movement

The UK quite obviously will not accept freedom of movement so it's totally pointless keep saying that it will need to accept it. We want out of EU membership and any discussions on this are futile until people accept that.
Still, neither you nor I have any idea what will happen or how the EU will act. It's far too early to say.

 

[devilish]

My firm cant wait for us to be out of the EU.

Also, eu is a graveyard for financial services with zero growth a reality for years to come and govts and regulators against these companies.

So either most of the financial experts are crazy or your firm had entered a niche very few firms know about

 

[devilish]

ilThe UK quite obviously will not accept freedom of movement so it's totally pointless keep saying that it will need to accept it. We want out of EU membership and any discussions on this are futile until people accept that.
Still, neither you nor I have any idea what will happen or how the EU will act. It's far too early to say.

And the EU quite obviously won't accept unrestricted access to the single market to the UK. I believe May as much as I believe Merkel, Hollande and co. The UK will not accept freedom of movement and will lose its access to the single market

 

[Paul the Wolf]

If the pound continues to slide as it has it would be pointless for the EU to worry about a trade deal with the Uk as it wouldn't be able to afford to buy anything

 

[SirHenryPercy]

My firm cant wait for us to be out of the EU.

Also, eu is a graveyard for financial services with zero growth a reality for years to come and govts and regulators against these companies.

What a load of bollocks, I work for a passported FS firm and we are now facing huge client losses and subsequently financial losses leading to job losses..

I'd love to know what your firm does?

 

[AshfordLad]

So either most of the financial experts are crazy or your firm had entered a niche very few firms know about

We just dont have any business in the EU like a lot of other gigs in the city. While its true some of the bigger firms have a lot to lose from brexit and hence they are the most vocal ones.

"Experts" are idiots anyway. One should duck when they tell you to jump. Everytime.

 

[Red Defence]

And the EU quite obviously won't accept unrestricted access to the single market to the UK. I believe May as much as I believe Merkel, Hollande and co. The UK will not accept freedom of movement and will lose its access to the single market

It will not lose access as well you know. The EU is pretty useless we all know that but surely not that useless.