Re: Brexit talks end 1 day early??
Originally Posted by
swimfeeders
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Hi
We have already decided our Tariffs.
Under WTO Rules the apply to all, we cannot single out the EU.
The EU have done their sums and are not changing anything.
The EU are collecting from day one, we are not.
The EU have calculated they will benefit more from a block on our Services than they will lose from Fishing and Exports.
The EU Countries own far more of our Economy than we do of the EU Economy.
They have the advantage of being able to move production from the UK to the EU.
They have the upper hand, not the UK.
Your not making sense Swimmy.
We have been subject to the CET for the rest of the world for years and that is a tariff we can do nothing about. In addition to that, the tax raised by the EU CET duties are split roughly 80/20 in favour of the EU anyway. We lose out big style, if we set tariffs ourselves we keep 100% of the duties. Check out the EU trade surplus with us and you work out how much that is worth in revenues a year.
The UK having its own tariff schedules can do what the EU has been doing to the rest of the world for years. The UK is also a union in its on right, with its own customs union, open borders, common currency, Supreme Court, single market etc. Its a wonder we aren't asking for 39 Billion for the EU to have access to our single market tarrif free - its more to their benefit than their single market is to us. In fact of the 28 member states, the UK benefited least from the single market by a long way. There is no single market for services either.
As for moving production from the UK to the EU - the opposite is happening and for good reason. Not only is the opportunities for foreign businesses a golden opportunity for them with Britain outside the EU it is also a golden opportunity for businesses to move here from within the EU (as we are seeing already).
The EU doesn't "own more of our economy" either - these are UK subsidiaries of foreign companies, for example, Nissan UK etc.
Oh and by the way, the EU can block our services all they want - we can do the same to them and it will cripple the Euro in a heartbeat if they did.
Latest figures I read was that nearly 70% of EU derivatives trades are mandated to be done through London as neither Paris or Frankfurt have the infrastructure or the trust of investors to do so.