The haulier interviewed outlines all the extra red tape/delays/tests/fines, etc, costs and what can go wrong :-(
I did this in the last couple of months as was expecting tax and duty hits post 1st Jan.I think I'm going to snap up a battery or two, before all the prices are hiked by a hundred or few, from the UK, while the prices are OK. Sorry, I really didn't intend for any of that to rhyme, but it does seem to be buying time. The question is from where? (drops mic, while everyone cringes)
But never quite as good as the outgoing system. A bit slower, a bit more expensive.It will create a mountain of paper and ballache, but it will get done and be streamlined along the way.
the deal as it is, does not allow us to undercut EU's standard on general taxation, environment and labour protection to gain an advantage. So it's not possible to turn the UK into Singapore on Thames. Furthermore, Singapore relies on cheap labour from Malaysia. You have to see the mass of workers crossing the border at Johor Bahru every morning to see what made Singapore into a manufacturing success.I won't pretend I have confidence in our politicians to turn around our economy but at least they now have the tools to do so. Turning around our economy within the EU was pretty much an impossibility we would have to lower wages and conditions to very low levels so we could compete with the cheapest economies of Europe and still be faced with that huge level of EU taxation and payments.
Why is Singapore mentioned and Margaret Thatcher never transformed the country in a share owning democracy she decimated industry and sold off assets in order to balance the books. At that point she was still dealing with the horrifically poor deal Edward Heath had got us joining the EU which she later got improved slightly. Selling off those assets only led to more borrowing i.e. selling off housing stock cheap and then paying far higher housing benefit for the unemployed and low paid who then had to rent private housing. It was typical short termism that has created so many issues. The damage the EU has caused to our finances goes far beyond the EU membership fee a huge amount of taxes and tariffs are paid to the EU and of course being within a protected marketplace when you have very little industry to protect is massively damaging to our economy as we have to pay the higher costs of those products which led to our huge trading deficit with the EU and massive borrowing.the deal as it is, does not allow us to undercut EU's standard on general taxation, environment and labour protection to gain an advantage. So it's not possible to turn the UK into Singapore on Thames. Furthermore, Singapore relies on cheap labour from Malaysia. You have to see the mass of workers crossing the border at Johor Bahru every morning to see what made Singapore into a manufacturing success.
If you look for a culprit, look no further than Margaret Thatcher. She could not see a future in traditional manufacturing so she transformed this country in to a 'share owning democracy'. Manufacturing yields its importance to financial services or 'fintech'. That is, lend people who need to borrow a lot of money then go borrow the money from the international market and make a profit on lending. Result: 110% mortgage + subprime CDOs and bank bailout.
Why work in a factory when you can just borrow to invest in shares?
Meanwhile, successive governments borrowed to cut taxes.
They are the reasons we are where we are, little to do with our £11 billion a year EU membership fee.
EFTA countries (Switzerland, Norway, Iceland) don't go down that road but opt for high tech manufacturing.my point was the only way you compete with the EU from within the EU was by lowering wages etc but long term the road is much easier outside the EU and we can protect workers conditions and the burden of EU taxation is gone.
I don't really see those countries as primarily high tech manufacturing, Switzerland has a large banking sector and Norway is more oil and fishing and both are very rich and wanted to keep that wealth hence keeping out of the EU.EFTA countries (Switzerland, Norway, Iceland) don't go down that road but opt for high tech manufacturing.
The new deal is very thin, you can't even send a packet of cigarettes to someone in the EU without customs declaration nor buy medicine from any pharmacy in the EU.
The cost of 250 million customs declarations to businesses a year alone is roughly equal to the old £11 billion a year membership fees. Worse still, we can't sell to the EU duty free if the goods has more than 40% imported parts from outside the EU like e-bike and automotive parts. That difficulty can only be overcome if we stayed in the customs union. Theresa May tried that without success.
Yes, it was lucky not to have a Maggie Thatcher to blow the benefits of its oil riches.Norway is more oil and fishing.
time will tell I suppose.It is quite possible leaving the EU will be seen as a stroke of brilliance in 5 to 10 years time.
Utter nonsense. Germany is an EU member and lacks these imaginary problems.There is no way you can look at the data and not see EU membership as massively damaging to our economy, not only the huge trade deficit with the EU but the huge payments and taxes to the EU.
There's a huge trade deficit, because we have nothing to offer anymore. The steel and car industries to name but a few. Even Dyson has seen the light.There is no way you can look at the data and not see EU membership as massively damaging to our economy, not only the huge trade deficit with the EU but the huge payments and taxes to the EU.
I'm sure some of those companies will resume shipping to the UK once they've had a chance to digest the finer details. However, it helps to put your EU head on - do I really want to ship to 27 countries with no friction, and then go the extra mile and ship to the 28th one with extra hassle, when it was seamless & easy last year?Utter nonsense. Germany is an EU member and lacks these imaginary problems.
They do better because they are better at competing in almost all spheres than we are.
.