24-08-2019, 07:30 PM
11
Re: Taking the Hit.
Originally Posted by Banchory
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So you don’t want to take any responsibility for your actions. Why should the younger generations pick up all the tab for the ramifications of what the majority of pensioners voted for but the majority of young didn’t A 20% reduction does not seem unreasonable
Those in work will likely see an increase in their taxation so nobody would be made a scapegoat as the burden would be spread across all generations
I think you will see corporation tax come down and wages go up. Neither of which will happen on the EU.
What is the financial hit the UK will take when we leave ???
Your talking bollocks again
24-08-2019, 09:27 PM
12
Re: Taking the Hit.
Originally Posted by Bread
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I think you will see corporation tax come down and wages go up. Neither of which will happen on the EU.What is the financial hit the UK will take when we leave ???
Your talking bollocks again
24-08-2019, 09:52 PM
13
Re: Taking the Hit.
Originally Posted by Bread
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I think you will see corporation tax come down and wages go up. Neither of which will happen on the EU.What is the financial hit the UK will take when we leave ???
Your talking bollocks again
A no deal Brexit will certainly reduce the value of the pound therefore the cost of imported goods from wherever in the wild goes up.
Price rises could be offset by setting WTO tariffs at zero which would lessen the impact on no EU goods not even with zero tariffs the exchange rate difference will still make EZu goods more expensive than the previously were.
Zero tariffs would also disadvantage our domestic industries making them susceptible to completion from cheaper inputs and redundancies and / or wage reductions may be necessary
Only a clueless fool would think we will prosper under a no deal scenario but it’s just the sort of thing a Russian troll might promote
24-08-2019, 09:59 PM
14
Re: Taking the Hit.
Originally Posted by Banchory
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There is no direct correlation between reduction in corporation tax and wages increasing but one certainty is that tax revenue decreases.A no deal Brexit will certainly reduce the value of the pound therefore the cost of imported goods from wherever in the wild goes up.
Price rises could be offset by setting WTO tariffs at zero which would lessen the impact on no EU goods not even with zero tariffs the exchange rate difference will still make EZu goods more expensive than the previously were.
Zero tariffs would also disadvantage our domestic industries making them susceptible to completion from cheaper inputs and redundancies and / or wage reductions may be necessary
Only a clueless fool would think we will prosper under a no deal scenario but it’s just the sort of thing a Russian troll might promote
Tax revenues increased last time corporation tax was reduced.
Did you believe 500-800 thousand people would be out of work if the referendum went in favour of leave ?
Did you ?
And for the hundredth time, we control what comes into our country
25-08-2019, 06:15 AM
15
Re: Taking the Hit.
Originally Posted by Bread
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Tax revenues increased last time corporation tax was reduced. Did you believe 500-800 thousand people would be out of work if the referendum went in favour of leave ?
Did you ?
And for the hundredth time, we control what comes into our country
worlds largest market. When we leave we will no longer have that incentive
Where do you get “500-800 thousand people would be out of work if the referendum went in favour of leave” from? Looks like one of your trolling plus to put words into other people’s mouths that they have not said
Controlling what comes into this country can manipulate the valence between costs and tax revenue but is ultimately irrelevant if the value of our currency drops
Again your understanding is only at simplistic levels but the economy is much more complex than that
Don’t give up the day job whatever that may be
25-08-2019, 06:54 AM
16
Re: Taking the Hit.
Originally Posted by swimfeeders
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HiBecause many pensioners voted Leave.
We have paid in, but far short of what we needed to.
It is not our children's problem to pay for us.
It is ours.
My State Pension was reduced by 20% because I had paid into Private Pensions.
Live with it.
You are not alone Swimmy! Many of us paid a lower NI rate because we paid into pension funds, but we still got the tax relief on what we contributed.
Full state pensions are paid to those who couldn't, or didn't, contribute to works or private pensions...... but they are hardly a fortune.
Nobody wants to reduce their standard of living, but it will happen to all when we leave the EU, that is why so many remainers wanted to remain. Those who wanted to leave probably never wanted to be in the EU , in the first place, but were prepared to suffer the reduction in spare cash because they wanted to retain sovereignty.
You claim to have socialist beliefs yet regularly boast about your income! Just remember that the tax you pay on your private pension will rise, if those surviving on a state pension are unable to keep warm and fed, so that will further reduce your income..... and you will also lose your "rent a room" income from your polish friends, if they are no longer allowed to run businesses here.
Most of us are leaving for the country's benefit, not our own
25-08-2019, 07:46 AM
19
Re: Taking the Hit.
Originally Posted by Banchory
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Lower corporation tax can encourage companies to set up in the UK. Whilst we are a member of the EU the advantages are great as there is the added bonus of tariff free access to the worlds largest market. When we leave we will no longer have that incentive
Where do you get “500-800 thousand people would be out of work if the referendum went in favour of leave” from? Looks like one of your trolling plus to put words into other people’s mouths that they have not said
Controlling what comes into this country can manipulate the valence between costs and tax revenue but is ultimately irrelevant if the value of our currency drops
Again your understanding is only at simplistic levels but the economy is much more complex than that
Don’t give up the day job whatever that may be
No your completely wrong. Check out rules of origin and then understand what trade with the uk means, in or out of the EU.
It was the chancellor of the exchequer who said we would see 500 to 800 thousand people out of work
Did you believe him .
25-08-2019, 08:47 AM
20
Re: Taking the Hit.
Originally Posted by Bread
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No your completely wrong. Check out rules of origin and then understand what trade with the uk means, in or out of the EU.It was the chancellor of the exchequer who said we would see 500 to 800 thousand people out of work
Did you believe him .
In the days just before the referendum Osborne panicked and started spouting wild claims of imminent disaster. I guess his rational was that if the leave camp could spout claims of wild threats from the EU and unsubstantiated benefits from leaving then he, as a lead voice of the remain campaign (jeez, if that was a lead voice no wonder it failed), could make equally absurd and false claims. Sad is it not?
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