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The Brexit Party

Discussion in 'Speaker's Corner' started by Mr Badger, May 8, 2019.

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  1. garnett

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  2. thenewoc

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    We've not adopted a new lower tax regime yet so once that is in place it could attract more businesses to relocate here which is what they are worried about since it would reduce their tax receipts from those businesses.
     
  3. Tony Edwards

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    Are you kidding? What they are scared of would also be very bad for the people of the country. Especialy the poor white working class that will be doing all the jobs the EU workers used to do.
     
  4. thenewoc

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    No it's not. Big business does well = employs more people and more job security.
     
  5. Tony Edwards

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    No not that sort of big business. Hedge funds and capital vultures.
     
  6. thenewoc

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    It's all an upward trend from here on in following a clean break :p
     
  7. thenewoc

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    Oh did you mean the state kind of big business where every pound spent on civil servants needs to be paid for somehow out of taxes rather than the private sector??
     
  8. Tony Edwards

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    No I meant the capital vultures where every £2k saved was a persons job and security.
     
  9. StriderX

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    The finance sector requires we actually be trustworthy, we could lose London in a moments notice if it's seen as a waste of capital and investment.

    The fact that we wont be getting any deal with the US in the unicorn lands of Farage over Ireland and the EU will almost certainly be punitively defensive, means we're just an opportunity to steal from.

    I'm sure plenty of people will make money, but they'll be doing it as a net loss to the UK over the long term and very significant net loss to the poor in this country, which likely means more political turbulence and less trust in the country to be a safe bet. It's entirely why the £ goes down every time we edge closer to having no access to any major market.

    We'll be back to Sick-man of Europe in no time at all because people already have such little say in their economic prosperity, that it's increasingly obvious that eventually they'll have none.
     
    Last edited: Oct 15, 2019
  10. thenewoc

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    Well downsizing work forces is going to happen anyway through further automation so how you going to support all those unskilled people already here if you continue to let more flood in without any controls? Not to mention the pop growth from those already here.
     
  11. thenewoc

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    You don't know that we won't get a US deal or others because until we're out no one will know that.
     
  12. Tony Edwards

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    What the hell has that got to do with the conversation?
     
  13. thenewoc

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    You made a reference to job security being less in a Singapore style tax regime. I countered with the fact that job security will diminish in the face of automation anyway even if we stayed in the EU.
     
  14. Tony Edwards

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    In fifty years time. Im flabbergasted that you would think a Singapore type low regultaion, low tax, tax haven is a good thing.

    It would be a terrible outcome.
     
  15. thenewoc

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    I doubt Singapore would agree with you.
     
  16. Tony Edwards

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    But we arent Singapore.
     
  17. thenewoc

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    Obviously, but since it's been successful for them then there's no reason it couldn't be successful for the UK either.
     
  18. D.P.

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    Successful for whom in Singapore?
     
  19. footman

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  20. GordyR

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    You're joking right?

    [​IMG]

    We already have the lowest Corporation Tax rate in the G20 at 19%, and by 2020 it will be dropped to 17% which will make it the same rate as Singapore.

    Where exactly are you hoping to attract business from that we haven't already attracted at 17-19%? Every other comparable country has a significantly higher Corporation Tax rate than us already, and has done for quite some time.

    Given that we're already at Singapore level as members of the EU, just how low are you suggesting? :confused:

    The nation-state with the worst income inequality in the developed world you mean?

    The one where 1 in 5 inhabitants are millionaires you mean?

    The one where the middle classes have utterly collapsed as a result of it becoming a tax haven and playground for the ultra wealthy you mean?

    Tax havens are successful from the point of view of the ultra wealthy, but for everyone else they are miserable failures. Why would you wish that on yourself?
     
    Last edited: Oct 16, 2019
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