Whilst we are flinging media links and political talking heads on the question of power:
http://www.bbc.co.uk/news/uk-politics-eu-referendum-35624753
A very succinct summary of one of my previous replies: there's a difference between feeling in control (or wishing for it), and having actual power to influence events. The out argument is very vague on their power guarantees -- just promising we will have more won't cut the mustard for many voters.
Well that's an example of industry power getting the EU to do a u-turn, which I have no problem believing happens all the time
The quantity is irrelevant. All that should matter is having the freedom to decide our own destiny or not. If that reads as though I am in the Out camp then it shouldn't - it's just a general point.
"We can take out our anger on elected representatives in Westminster but whoever is in Government in London cannot remove or reduce VAT"
I had no Idea the UK had no control over VAT.
Nate
Boris is backing the exit campaign.
Sauce
http://www.bbc.co.uk/news/uk-politics-eu-referendum-35626621
OK so I did a bit of reading and the above is not correct, While member states must have VAT, it's rate can't be lower than 15%.
It is interesting that this has been brought up however. If the UK leaves the EU, is the plan for VAT to be reduced below 15% or even abolished?
Nate
Awesome !
So those that voted in (388), are either immigrants, conservative toffs or live in a lovely London ghetto
Doubt it would go, though. We could try to undercut Ireland and Norway, however. Even the US has a sales tax of about 9%, no?
https://www.gov.uk/vat-rates
Some items are still not VAT-able, zero-rated or reduced, though. Certain items can become VAT-able by an act of our parliament, but not the EUP, as far as my knowledge goes. I'm also not sure if the categories of goods in each bracket are quite uniform across the bloc.
An accountant would know more, but I believe having a fixed baseline VAT is one of those consumer market levelling measures. More digging required!
Doubt it would go, though. We could try to undercut Ireland and Norway, however. Even the US has a sales tax of about 9%, no?
The UK already undercuts Ireland, we've a 23% rate.
Nate
Having recently been through a global outsource of IT, its amazing how my colleagues every where in the world, except Europe were royally shafted by our former employer.
EU workers rights stopped them doing the same to us, and the irony is that everyone left, and the Europeans were left to pick up the mess!
People who want to leave, should be asking what happens to those rights if we are out?
I have no doubt we will be worse off, and I for one will be voting to stay.
William Hill have slashed 'Leave' odds from 5/2 to 2/1 after Boris Johnson entered the fray on the side of those wishing to quit