Re: Not hard or soft but "open" Brexit
Hi
It gets worse, the City is short circuiting the Government and trying to do it's own deal.
http://news.sky.com/story/why-the-ci...ssels-10935423
Services are our biggest export to the EU, not goods,
Services are not covered by WTO Rules, the EU could simply refuse to Passport UK firms and force them to move to the EU.
Why is this important?
Simply the amount of Tax they pay in VAT and dealing levies, never mind the Corporation Tax.
They amount they pay is far more than our EU Membership costs.
It would also completely destroy Corbyn's Manifesto.
He was going to put a levy of £Billions on them to fund stopping Austerity.
You cannot put a levy on something that does not exist anymore.
Euro Clearing takes place in London, it is worth £880 million a day.
https://www.theguardian.com/business...it-eu-business
The loss of tax on that would be impossible to replace.