Brexit again...

[Fosse69]

We would have a choice ,chesh.At the moment we are obliged to add the 15% VAT.Like I said there may not be a great change,but we would have the option to set our own rates.

 

Would the option help? We don't have to charge 20% now. Unless the revenue is transferred from elsewhere nothing will change.

[Fosse69]

Parliament voted...... it may not be up to parliament..... if the EU don't grant an extension we are out.... thereby enforcing Mays deal or no deal which they have just rejected..... so Mays deal it is?

If an extension is not granted, we are out on Friday, or Parliament votes to revoke Article 40, has not the EU deadline for May`s deal passed?

[geosname]

The one with the question mark. May's deal it is?

 

Ok..... it was a rhetorical question..... if parliament has taken no deal off the table and we are not granted an extension then we are out on the only option available.... Mays deal.

As fosse says they could revoke article 50........ but I haven't seen any consensus for that option.... so at the moment that choice isn't available.

If they do revoke the problems don't stop they just take a different twist.

[geosname]

If an extension is not granted, we are out on Friday, or Parliament votes to revoke Article 50, has not the EU deadline for May`s deal passed?

 

Was there a deadline? It's still on the table because the EU agreed it.

[Fosse69]

Was there a deadline? It's still on the table because the EU agreed it.

The deadline was towards the end of March, extended at May`s request to Friday, she now wants June but Dec or Mar 20 more likely.

[Fosse69]

Ok..... it was a rhetorical question..... if parliament has taken no deal off the table and we are not granted an extension then we are out on the only option available.... Mays deal.

As fosse says they could revoke article 50........ but I haven't seen any consensus for that option.... so at the moment that choice isn't available.

If they do revoke the problems don't stop they just take a different twist.

Well the backbenchers are quite capable of organising a bill through parliament in a couple of days, in that case the EU would stop the clock on Friday until it was passed.

[geosname]

Well the backbenchers are quite capable of organising a bill through parliament in a couple of days, in that case the EU would stop the clock on Friday until it was passed.

 

I don't think the EU can stop the clock mate..... they can extend the limit.

There has never been a consensus for revoking article 50.... to many careers at stake.

[Fosse69]

I don't think the EU can stop the clock mate..... they can extend the limit.

There has never been a consensus for revoking article 50.... to many careers at stake.

 

Standard process in the EU days can last for weeks, no consensus for anything in Brexit until it happens, it varies from day to day. As for careers who do you vote for at the next election, promises to put the country right, or who dropped us into this shambles or who tried to avoid it? Tories with 60% Leave, Labour with 60% Remain. Shift of age related loyalties, used to be at 35 now 51 Lab to Con.

[TheSage]

Leaving the EU and free access to the world's largest market would be economic stupidity.

 

That's why many MPs are aghast and why there's been talk around a customs union.

 

Currently about 44% of our exports have free access to the EU. 53% of our imports come from the EU.

If we leave we are faced with tariffs, checks, paperwork and regulations. Supply chains get messed up. Possible border delays.

 

No other developed country anywhere in the world is content to trade on WTO terms alone. Most are in a customs union or FTA.

 

The FT reckons we'll need 759 deals just to replicate what we've already got. Fox has managed 9 in three years.

It's untrue to say that we can't do deals while we're in the EU. He's signed 9 deals.

One reason why we haven't got more is because Japan preferred to do an EU deal a few weeks ago and leave us at the back of the queue.

Brazil, NZ and the US have all told us we can't replicate what we've got with the EU with the WTO.

 

If the WTO is so good why has Canada taken 9 years to do a deal with the EU?

 

Services are a large part of our exports. Over 40% goes to the EU. Less than 5% goes to India, China and Russia combined.

 

The WTO is bullied by Trump. Arbitration takes 2 years on average and is slow and expensive.

 

It's not so simple as joining the WTO and job done.

No. Along with the WTO you also need Mutual Recognition Agreements and Customs Arrangements to iron out border checks and delays. More regulations and red tape, expense and delays.

 

Of course, we are linked to the EU in order to gain these benefits and one "advantage" in theory would be able to do what we like.

But in global trade being on your own is not an advantage. A small fish in a big pond is not good.

[For Us All]

Leaving the EU and free access to the world's largest market would be economic stupidity.

 

That's why many MPs are aghast and why there's been talk around a customs union.

 

Currently about 44% of our exports have free access to the EU. 53% of our imports come from the EU.

If we leave we are faced with tariffs, checks, paperwork and regulations. Supply chains get messed up. Possible border delays.

 

No other developed country anywhere in the world is content to trade on WTO terms alone. Most are in a customs union or FTA.

 

The FT reckons we'll need 759 deals just to replicate what we've already got. Fox has managed 9 in three years.

It's untrue to say that we can't do deals while we're in the EU. He's signed 9 deals.

One reason why we haven't got more is because Japan preferred to do an EU deal a few weeks ago and leave us at the back of the queue.

Brazil, NZ and the US have all told us we can't replicate what we've got with the EU with the WTO.

 

If the WTO is so good why has Canada taken 9 years to do a deal with the EU?

 

Services are a large part of our exports. Over 40% goes to the EU. Less than 5% goes to India, China and Russia combined.

 

The WTO is bullied by Trump. Arbitration takes 2 years on average and is slow and expensive.

 

It's not so simple as joining the WTO and job done.

No. Along with the WTO you also need Mutual Recognition Agreements and Customs Arrangements to iron out border checks and delays. More regulations and red tape, expense and delays.

 

Of course, we are linked to the EU in order to gain these benefits and one "advantage" in theory would be able to do what we like.

But in global trade being on your own is not an advantage. A small fish in a big pond is not good.

 

Singapore seems to be doing ok?

[Fosse69]

Singapore seems to be doing ok?

So? Not comparable to the UK. State funded housing to keep manufacturing wages down, a smaller compact country.

[For Us All]

So? Not comparable to the UK. State funded housing to keep manufacturing wages down, a smaller compact country.

 

Aren't we a small compact country and doesn't free movement from the EU keep our wages down?

[Fosse69]

Aren't we a small compact country and doesn't free movement from the EU keep our wages down?

Singapore pop just below 6Million, so 10% our size. We have minimum wage, if it is not enforced purely a Govt problem.

[ginge]

Aren't we a small compact country and doesn't free movement from the EU keep our wages down?

 

You can't possibly compare the city-state Singapore to the UK

[JohnJames]

You

Singapore seems to be doing ok?

 

James Dyson the arch Brexiter moved his HQ there rather than the Uk. So it must be OK to tempt such a patriot away