The Consequences of Brexit [part 4]

[ENG601PM]

Mr. Corbyn is looking at ways that the tax system can be rebalanced in favour of the vulnerable and disadvantaged, and not the wealthy elite.

 

The top 1% of UK earners pay 30% of UK tax. Please tell us how much more tax Mr Corbyn should make your "wealthy elite" pay to achieve your rebalancing.

[El Cid]

By contrast, the EU proportion of world trade had been in decline for some years. Even the Antarctic has better growth than the EU.

 

UK annual growth is around 1.7%, three years ago it was 3%; what growth rate does Antarctic have

[ENG601PM]

UK annual growth is around 1.7%, three years ago it was 3%; what growth rate does Antarctic have

 

Is that winky because you do, or don't, understand the difference between nations and trade blocs? It's not worth engaging either way.

 

*wink*

[chalga]

Not true.

 

UK trade with the EU is around 40% and has been declining sharply for years. Moreover, the EU has a substantial trading deficit with the UK, making the UK proportionately important to the EU than vice versa.

 

As a technologically advanced north Atlantic island with millennias of maritime trading history the UK is almost uniquely placed to benefit from international trade opportunities.

 

By contrast, the EU proportion of world trade had been in decline for some years. Even the Antarctic has better growth than the EU.

 

Why are the UK desperate to get a trade deal with the EU if they need you more than you need them,the EU appears to be in no particular hurry.

[ENG601PM]

Why are the UK desperate to get a trade deal with the EU if they need you more than you need them,the EU appears to be in no particular hurry.

I don't see the UK looking desperate in the negotiations. Please point us to these desperate concessions.

[chalga]

I don't see the UK looking desperate in the negotiations. Please point us to these desperate concessions.

 

You haven't walked away and saved billions.

[I1L2T3]

The top 1% of UK earners pay 30% of UK tax. Please tell us how much more tax Mr Corbyn should make your "wealthy elite" pay to achieve your rebalancing.

 

Dog whistle.........again

 

The top 1% pay 30% of income tax. Income tax is about 30% of total HMRC revenue.

 

The income tax from the top 1% is 9% of total HMRC revenue

 

Please be accurate in future

[tzijlstra]

Not true.

 

UK trade with the EU is around 40% and has been declining sharply for years. Moreover, the EU has a substantial trading deficit with the UK, making the UK proportionately important to the EU than vice versa.

 

As a technologically advanced north Atlantic island with millennias of maritime trading history the UK is almost uniquely placed to benefit from international trade opportunities.

 

By contrast, the EU proportion of world trade had been in decline for some years. Even the Antarctic has better growth than the EU.

 

Trade hasn't been declining sharply for years, in fact trade has been growing quite steadily for years, it is just that other trading partners are becoming increasingly bigger as well. There is a very obvious reason for that - the rise of China and the enormous amount of cheap goods we import from there. On the other hand there is an important 'luxury goods' market in China that the UK is tapping into.

 

One of the biggest shortcomings in your point is that the majority of UK exports and imports with the EU is service based. A large proportion of that is financial services. That is the golden trade chip and it is the EU that holds it.

 

I can't recall precisely how often I have raised the issue of passporting, but I don't mind raising it again. The UK economy is set to make a tumble in the service sector and a rise in the manufacturing sector IF the pound crashes and wages drop. The silver lining - London loses, the North wins.

[I1L2T3]

Trade hasn't been declining sharply for years, in fact trade has been growing quite steadily for years, it is just that other trading partners are becoming increasingly bigger as well. There is a very obvious reason for that - the rise of China and the enormous amount of cheap goods we import from there. On the other hand there is an important 'luxury goods' market in China that the UK is tapping into.

 

One of the biggest shortcomings in your point is that the majority of UK exports and imports with the EU is service based. A large proportion of that is financial services. That is the golden trade chip and it is the EU that holds it.

 

I can't recall precisely how often I have raised the issue of passporting, but I don't mind raising it again. The UK economy is set to make a tumble in the service sector and a rise in the manufacturing sector IF the pound crashes and wages drop. The silver lining - London loses, the North wins.

 

Hold on.....you can’t be arguing that being in the EU doesn’t prevent us from importing cheap goods from China can you?

 

Last time I checked the price of white goods and electronics was probably the lowest it has ever been relative to wages.

[tzijlstra]

Hold on.....you can’t be arguing that being in the EU doesn’t prevent us from importing cheap goods from China can you?

 

Last time I checked the price of white goods and electronics was probably the lowest it has ever been relative to wages.

 

Surely that would be blasphemy.