I am not a large company but I will be very affected if we leave the CU.
KudosDave
Brexit, for once some facts.
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KudosDave
You will need fulfillment facility in the EU.
My guess is by 2021, there will be plenty of companies offering to do that for you.
I'll be in France by then, may be you'd give me a job
Woosh.....Google 'Singapore CPF' or 'Central Provident Fund'.....then you can see the direction that the likes of Rees-Mogg want to take us. The poor of the North East will be hugely affected ,gone will be the comfy benefit state that they currently enjoy.....under the Singapore system the state via CPF controls everybody and everything....if you lose your job or fall out of the system you go hungry.
Many will think that is a good thing,but it wasnt what many voted Brexit for....there was a town where 83% voted Brexit,they primarily voted because of the £350 million that Boris promised,the penny is starting to drop that they made a big mistake,Boris lied and Brexit will do nothing for them.
Perhaps Rees-Mogg should go back up there to canvas from his Bentley,that will go down well,hehe !!!!
KudosDave
Enjoy France,I have always envied the lifestyle there but the social taxes make it difficult to run a business in France.You will need fulfillment facility in the EU.
My guess is by 2021, there will be plenty of companies offering to do that for you.
I'll be in France by then, may be you'd give me a job
I already have a good distributor in Montpellier,nice place to visit occasionally.
Good luck,it is already difficult to operate an e-bike business in the UK.
KudosDave
Hi Dave, I am gobsmacked to read that there are people that still can't see that coming out of Europe is a pretty silly idea! Mind-blowing.
These are the bits I see as not working, the administrative complexities would be immense and the costs high. And the N.I border is as leaky as a colander.
I'd be very surprised to see any such deal between the EU and the UK, apart from anything else it would be a concession to an EU Leaver which they don't want to allow for obvious reasons.
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Employer and employee CPF contribution rates[edit]
In September 2010, the employer's contribution to the CPF went up by 0.5% to be paid into the Medisave Account.
In March 2011, the employer's contribution went up another 0.5% to be paid into the Special Account, bringing the total employer CPF contribution to 15.5%, setting the overall employer and employee CPF contribution rate at 35.5%.
From 1 September 2011, the employers’ CPF contribution rate is increased by 0.5 percentage points. For employees who are above 35 years old and earning monthly wages of up to $1,500, the higher employer CPF contribution rate will continue to be phased in from 0% at the wage of $50 to the new full rate at the wage of $1,500. The increased contribution will be credited to the employees’ Special Account (including those above 55 years of age).
However, the additional 0.5 percentage points does not apply to graduated employer and employee rates for first or second year Singapore Permanent Residents (SPR) and their employers.[1]
From September 2012, CPF contribution rates for older workers aged 50 to 65 was increased to help them better prepare for retirement. For employees aged between 50 and 55, their contribution rates will go up by 2.5 percentage points – 2 percentage points from the employer and 0.5 percentage points from the employee – to bring their total CPF contributions up to 32.5% from 30%. For those between 55 and 60, their contribution rates will go up by 2 percentage points – 1.5 percentage points from the employer and 0.5 percentage points from the employee.For workers between 60 and 65, their employer contribution rate will increase by 0.5 percentage points, with no increase in their employee contribution rate.[5
With Income tax at a flat rate of 11%,almost 50% of even the low paid goes to the government. CPF started at 5%,surely we can see parallels to our Workplace Pensions,currently 6%,but it would be easy to ramp it up,put NIC into it and then NHS,ramp it up again,put Social Care into it,ramp it up again...........
KudosDave
In September 2010, the employer's contribution to the CPF went up by 0.5% to be paid into the Medisave Account.
In March 2011, the employer's contribution went up another 0.5% to be paid into the Special Account, bringing the total employer CPF contribution to 15.5%, setting the overall employer and employee CPF contribution rate at 35.5%.
From 1 September 2011, the employers’ CPF contribution rate is increased by 0.5 percentage points. For employees who are above 35 years old and earning monthly wages of up to $1,500, the higher employer CPF contribution rate will continue to be phased in from 0% at the wage of $50 to the new full rate at the wage of $1,500. The increased contribution will be credited to the employees’ Special Account (including those above 55 years of age).
However, the additional 0.5 percentage points does not apply to graduated employer and employee rates for first or second year Singapore Permanent Residents (SPR) and their employers.[1]
From September 2012, CPF contribution rates for older workers aged 50 to 65 was increased to help them better prepare for retirement. For employees aged between 50 and 55, their contribution rates will go up by 2.5 percentage points – 2 percentage points from the employer and 0.5 percentage points from the employee – to bring their total CPF contributions up to 32.5% from 30%. For those between 55 and 60, their contribution rates will go up by 2 percentage points – 1.5 percentage points from the employer and 0.5 percentage points from the employee.For workers between 60 and 65, their employer contribution rate will increase by 0.5 percentage points, with no increase in their employee contribution rate.[5
With Income tax at a flat rate of 11%,almost 50% of even the low paid goes to the government. CPF started at 5%,surely we can see parallels to our Workplace Pensions,currently 6%,but it would be easy to ramp it up,put NIC into it and then NHS,ramp it up again,put Social Care into it,ramp it up again...........
KudosDave
I find it concerning that only 35 right wing Tories can have such an effect on our country ,they are wielding power out of all proportion to their number and seem to have had this influence over 40 years.
It sort of reminds the rise to power of Hitler and the Nazis,such a small group but appealed to the German people at a time when the country lacked pride and leadership,frightening!!!!
I am sure that it wasnt 'man from Huddersfield' who wanted to bring back fox hunting in the last election,but you could see Rees-Mogg,Bone and Redwood dusting off their hunting pink.
The Brexiters dont seem to appreciate all the positives that the EU have done,I have a few standards that I have to comply with but having done so I can sell in all 28 countries....who uses the british standards anymore???
Wake up Brexiters you are being stitched up!!!!
KudosDave
Yep,but I dont welcome 27% corporation tax,that would hurt badly.
KudosDave
their strength is the support of about 70% of tory card carrying membership who are brexiters.
TM was lucky that Leadsom made a stupid mistake just before they went to their membership's vote. If they kick TM out, she won't be so lucky next time round.
Merkel can't talk or decide in the name of the EU and I wonder if she can in the name of Germany?
That's perfectly correct and I don't share the optimism of our good friend from Southend in his notion that Mrs Merkel ought to or needs to do a deal with the UK.
The EU isn't exactly a charity and the UK will struggle to get deals anywhere that might be construed as beneficial to the economy.
Anyone still think we will regain any kind of control as a result of all this? Oh, I forgot; those blue passports will render our lives so much better......well, perhaps for those who can afford to travel outside the UK after 'Brexit'!
Tom
Germany, France, Italy, Benelux and Poland are some of the countries having most to lose if brexit happens without a deal.
In a game of lose lose, both sides have something in common and will have to work out a deal as soon as.
The exit of the UK as a mutually-reciprocating trading partner from the EU will not hurt the remaining 27 sovereign nation states nearly as much as it will hurt the UK.
Cost to EU, big or small divided by 27 won't be too painful and even if the brunt of any financial pain were to be borne by only the seven states you mention, I'd guess they'd get by ok without us......remember, the UK has been obstinate and obnoxious towards the EU in general for quite a number of years and any financial loss incurred by them as a result of our departure would be seen as worth every cent!
Tom
It is always worth taking a moment's time out now and then to reflect and remember that the government intent on taking us out of the EU is exactly the same government driven by their desire to persecute the lower classes, destroy the NHS and every last bastion of publicly-owned state machinery.
Everything that can be cut has been cut but the public have never seen any benefit as a result of the austerity programme with no end. Only the friends and benefactors of the tory party enjoy greater disposable income.
Mark Steel's view is always a nice, lighthearted interlude in the ongoing class war being conducted by the tories against the poorest in society:
Tom
Everything that can be cut has been cut but the public have never seen any benefit as a result of the austerity programme with no end. Only the friends and benefactors of the tory party enjoy greater disposable income.
Mark Steel's view is always a nice, lighthearted interlude in the ongoing class war being conducted by the tories against the poorest in society:
Tom
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of course, they'll be OK on WTO and so will we, nobody is going to go bankrupt because of brexit. However, both side would want a deal. That's what I am saying.
Overtime, deal or no deal, GB is detaching itself from the EU27 and will economically move into the middle of the Atlantic. We'll gradually work less with the EU27 and more with other countries.
The important point is the growth forecast for different brexit models may mean a lot to governments and businesses, normal life won't see much difference.
Still harping on about money? the real problem with be with CONDITIONS and RIGHTS of the workers.
They won't ignore those, believe me!
Wrong! in the worst possible way.
The government is intent on pauperising the working class.