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Post by Deleted on May 29, 2019 9:26:48 GMT
I don't think people pay their energy bills in dollars. It's not just gas, but all household energy bills. I refer you once again to the extensive EU Database that I have linked to at least three times. The amount of goods with tariff's applied in here is incredible EU Tariff's databaseThere are restrictions with any trade deal. I'm pretty sure we are all adult enough to understand that an FTA does not mean a free-for-all and that countries will still try to protect certain things in their own countries. Why do we have to worry about the EU minimum. Remember, in the future the EU will be competitors. There is a 90 billion trade imbalance with the EU. They will not be in any position to make demands like that with the 39 billion. They need an FTA more than we do. It's a simple economic fact. They refused to re-open the WA, and wasn't the 39 billion part of the WA? It was never agreed, never signed and never ratified. I also forgot to add that the general rate of VAT can be reduced as there will no longer be the need to send the EU their slice of VAT receipt money. Nobby Taking Vat as an example. If you cut it, how do you propose you plug the hole in government finances which is already running an annual deficit? Please dont quote the Laffer Curve to me. There will be no hole in government finances. A slice of every VAT bill you pay goes to the EU. We would no longer need to do that, so VAT can be reduced by the amount we send to the EU. No hole in government finances, and more money in people's pockets to spend as they wish. Every little helps. Energy Bills have a 5% VAT rate, which goes to the EU. Cut that as well as there is no longer a need to send it to the EU.
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Post by stuart1974 on May 29, 2019 9:49:58 GMT
Gas is priced in dollars so the 5% savings will be offset plus more. 70% of imports are tariff free, just how many US trainers are you buying? Any US trade deal will come with restrictions, why do you think the EU-US trade deal is dragging? The Canadian one took 7 years. Don't for one minute think that the steel industry will be able to get a government bailout with state aid. Corporation tax is at UK discretion already, it won't go that much lower anyway and I doubt lower than the EU minimum. 39 billion will be item 1 on the EU FTA agenda. I don't think people pay their energy bills in dollars. It's not just gas, but all household energy bills. I refer you once again to the extensive EU Database that I have linked to at least three times. The amount of goods with tariff's applied in here is incredible EU Tariff's databaseThere are restrictions with any trade deal. I'm pretty sure we are all adult enough to understand that an FTA does not mean a free-for-all and that countries will still try to protect certain things in their own countries. Why do we have to worry about the EU minimum. Remember, in the future the EU will be competitors. There is a 90 billion trade imbalance with the EU. They will not be in any position to make demands like that with the 39 billion. They need an FTA more than we do. It's a simple economic fact. They refused to re-open the WA, and wasn't the 39 billion part of the WA? It was never agreed, never signed and never ratified. I also forgot to add that the general rate of VAT can be reduced as there will no longer be the need to send the EU their slice of VAT receipt money. Can you put some actual figures on VAT we pay to the EU against Treasury spend and Corporation Tax? I suspect you may be surprised.
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Post by Deleted on May 29, 2019 10:02:53 GMT
I don't think people pay their energy bills in dollars. It's not just gas, but all household energy bills. I refer you once again to the extensive EU Database that I have linked to at least three times. The amount of goods with tariff's applied in here is incredible EU Tariff's databaseThere are restrictions with any trade deal. I'm pretty sure we are all adult enough to understand that an FTA does not mean a free-for-all and that countries will still try to protect certain things in their own countries. Why do we have to worry about the EU minimum. Remember, in the future the EU will be competitors. There is a 90 billion trade imbalance with the EU. They will not be in any position to make demands like that with the 39 billion. They need an FTA more than we do. It's a simple economic fact. They refused to re-open the WA, and wasn't the 39 billion part of the WA? It was never agreed, never signed and never ratified. I also forgot to add that the general rate of VAT can be reduced as there will no longer be the need to send the EU their slice of VAT receipt money. Can you put some actual figures on VAT we pay to the EU against Treasury spend and Corporation Tax? I suspect you may be surprised. No idea of the sums Stuart. It's pretty difficult to find a real figure anywhere. It's the same with this current 'extension'. Does anyone know how much the EU are charging the UK every month of these extensions? Has the figure ever been made available? People only concentrate on the EU Membership Fee and seem to think that is the total cost of being in the EU, but there are other things, like VAT payments, that contribute to the EU coffers. Once again though, it's pretty difficult to actually find out what gets sent to the EU.
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Post by stuart1974 on May 29, 2019 10:11:49 GMT
Can you put some actual figures on VAT we pay to the EU against Treasury spend and Corporation Tax? I suspect you may be surprised. No idea of the sums Stuart. It's pretty difficult to find a real figure anywhere. It's the same with this current 'extension'. Does anyone know how much the EU are charging the UK every month of these extensions? Has the figure ever been made available? People only concentrate on the EU Membership Fee and seem to think that is the total cost of being in the EU, but there are other things, like VAT payments, that contribute to the EU coffers. Once again though, it's pretty difficult to actually find out what gets sent to the EU. It really isn't. It's available online and I've linked it for you several times before. We transfer around £3bn of our VAT receipts to the EU as part of the total financial contributions. The last Corporation Tax reduction from 19% to 17% cost around £6.2bn. Vote Leave estimated a saving of around £10 a month on fuel without VAT.
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Post by Deleted on May 29, 2019 10:20:18 GMT
No idea of the sums Stuart. It's pretty difficult to find a real figure anywhere. It's the same with this current 'extension'. Does anyone know how much the EU are charging the UK every month of these extensions? Has the figure ever been made available? People only concentrate on the EU Membership Fee and seem to think that is the total cost of being in the EU, but there are other things, like VAT payments, that contribute to the EU coffers. Once again though, it's pretty difficult to actually find out what gets sent to the EU. It really isn't. It's available online and I've linked it for you several times before. We transfer around £3bn of our VAT receipts to the EU as part of the total financial contributions. The last Corporation Tax reduction from 19% to 17% cost around £6.2bn. Vote Leave estimated a saving of around £10 a month on fuel without VAT. 3 billion is a fair ole chunk of money. Reduction in Corporation Tax actually increases the tax intake. Look at Trump in the USA for an example. It also provides the basis for greater investment. You can use Ireland as an example. 10 quid a month may not sound a lot, but it helps the lower paid doesn't it? Really, does anyone know (apart from a select few in the Civil Service) really know how much money gets sent to the EU in total? I'm pretty sure if it was good news it would be plastered all over the media ! Every little helps.
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Post by Deleted on May 29, 2019 10:25:25 GMT
Another scare story bites the dust............ Airbus wants to stay in the UK whatever the outcome over Brexit "European planemaker Airbus wants to stay in the UK whatever the outcome of Brexit, as the country is "a very important pillar" for the company, new CEO Guillaume Faury said on Tuesday (21 May), amending negative comments made by his predecessor. Airbus, seen as the poster child of industrial integration in creating European champions, also wants to be "more Asian" to be closer to its fastest-growing markets." Fliegerfaust
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Post by stuart1974 on May 29, 2019 10:35:32 GMT
It really isn't. It's available online and I've linked it for you several times before. We transfer around £3bn of our VAT receipts to the EU as part of the total financial contributions. The last Corporation Tax reduction from 19% to 17% cost around £6.2bn. Vote Leave estimated a saving of around £10 a month on fuel without VAT. 3 billion is a fair ole chunk of money. Reduction in Corporation Tax actually increases the tax intake. Look at Trump in the USA for an example. It also provides the basis for greater investment. You can use Ireland as an example. 10 quid a month may not sound a lot, but it helps the lower paid doesn't it? Really, does anyone know (apart from a select few in the Civil Service) really know how much money gets sent to the EU in total? I'm pretty sure if it was good news it would be plastered all over the media ! Every little helps. Very funny, Nobby. You remind me of the knight in Monty Python. 😁
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Post by Deleted on May 29, 2019 10:46:03 GMT
3 billion is a fair ole chunk of money. Reduction in Corporation Tax actually increases the tax intake. Look at Trump in the USA for an example. It also provides the basis for greater investment. You can use Ireland as an example. 10 quid a month may not sound a lot, but it helps the lower paid doesn't it? Really, does anyone know (apart from a select few in the Civil Service) really know how much money gets sent to the EU in total? I'm pretty sure if it was good news it would be plastered all over the media ! Every little helps. Very funny, Nobby. You remind me of the knight in Monty Python. 😁 I can't believe you are arguing against putting money in people's pocket's with no net affect on government finances?
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Post by stuart1974 on May 29, 2019 11:01:43 GMT
Very funny, Nobby. You remind me of the knight in Monty Python. 😁 I can't believe you are arguing against putting money in people's pocket's with no net affect on government finances? Just intersting that when I give actual figures and links you dismiss them as being incomplete. They come from the ONS. Nothing against giving people more money but everything has a knock on effect, taking it in the round I don't see the overall benefit to UK plc. In my judgement it will have a negative effect on government coffers and therefore consequences for public services. Do you recall the VAT stimulous Gordon Brown and Alastair Darling tried?
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Post by Deleted on May 29, 2019 11:10:17 GMT
I can't believe you are arguing against putting money in people's pocket's with no net affect on government finances? Just intersting that when I give actual figures and links you dismiss them as being incomplete. They come from the ONS. Nothing against giving people more money but everything has a knock on effect, taking it in the round I don't see the overall benefit to UK plc. In my judgement it will have a negative effect on government coffers and therefore consequences for public services. Do you recall the VAT stimulous Gordon Brown and Alastair Darling tried? But are the figures from the ONS accurate? Do they take into account the money given to various EU Agencies. What about the money given to various EU Banking mechanisms? I repeat, just what is the sum total of money sent to the EU? If it were good news then why don't we hear about it? If it's bad news, then it's no wonder it's so difficult to find out.
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Post by Deleted on May 29, 2019 11:11:38 GMT
I can't believe you are arguing against putting money in people's pocket's with no net affect on government finances? Just intersting that when I give actual figures and links you dismiss them as being incomplete. They come from the ONS. Nothing against giving people more money but everything has a knock on effect, taking it in the round I don't see the overall benefit to UK plc. In my judgement it will have a negative effect on government coffers and therefore consequences for public services. Do you recall the VAT stimulous Gordon Brown and Alastair Darling tried? But this is VAT money that is sent directly to the EU! How can it possibly have an effect on government coffers?
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Post by peterparker on May 29, 2019 11:18:45 GMT
I can't believe you are arguing against putting money in people's pocket's with no net affect on government finances? Just intersting that when I give actual figures and links you dismiss them as being incomplete. They come from the ONS. Nothing against giving people more money but everything has a knock on effect, taking it in the round I don't see the overall benefit to UK plc. In my judgement it will have a negative effect on government coffers and therefore consequences for public services. Do you recall the VAT stimulous Gordon Brown and Alastair Darling tried? As any Brexiteer politician even suggested cutting VAT?
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Post by stuart1974 on May 29, 2019 11:20:45 GMT
Just intersting that when I give actual figures and links you dismiss them as being incomplete. They come from the ONS. Nothing against giving people more money but everything has a knock on effect, taking it in the round I don't see the overall benefit to UK plc. In my judgement it will have a negative effect on government coffers and therefore consequences for public services. Do you recall the VAT stimulous Gordon Brown and Alastair Darling tried? But are the figures from the ONS accurate? Do they take into account the money given to various EU Agencies. What about the money given to various EU Banking mechanisms? I repeat, just what is the sum total of money sent to the EU? If it were good news then why don't we hear about it? If it's bad news, then it's no wonder it's so difficult to find out. Have any leave proponants tried a FOI request? Maybe there isn't much to see.
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Post by Deleted on May 29, 2019 11:24:56 GMT
Just intersting that when I give actual figures and links you dismiss them as being incomplete. They come from the ONS. Nothing against giving people more money but everything has a knock on effect, taking it in the round I don't see the overall benefit to UK plc. In my judgement it will have a negative effect on government coffers and therefore consequences for public services. Do you recall the VAT stimulous Gordon Brown and Alastair Darling tried? As any Brexiteer politician even suggested cutting VAT? I don't think so, but then again everything is directed towards the negative side of things. All we hear is doom and gloom.
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Post by stuart1974 on May 29, 2019 11:26:38 GMT
Just intersting that when I give actual figures and links you dismiss them as being incomplete. They come from the ONS. Nothing against giving people more money but everything has a knock on effect, taking it in the round I don't see the overall benefit to UK plc. In my judgement it will have a negative effect on government coffers and therefore consequences for public services. Do you recall the VAT stimulous Gordon Brown and Alastair Darling tried? But this is VAT money that is sent directly to the EU! How can it possibly have an effect on government coffers? It isn't sent directly, it is a share of the tax take. Adjusting it will make a minimal effect on prices overall for the public and is more than offset by your suggestion of reducing taxes elsewhere. I would expect any windfall to be short lived and eaten up by other government measures.
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Post by Deleted on May 29, 2019 11:31:34 GMT
But this is VAT money that is sent directly to the EU! How can it possibly have an effect on government coffers? It isn't sent directly, it is a share of the tax take. Adjusting it will make a minimal effect on prices overall for the public and is more than offset by your suggestion of reducing taxes elsewhere. I would expect any windfall to be short lived and eaten up by other government measures. or maybe they need it to go towards the 39 billion?
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Post by Deleted on May 29, 2019 13:07:00 GMT
But this is VAT money that is sent directly to the EU! How can it possibly have an effect on government coffers? It isn't sent directly, it is a share of the tax take. Adjusting it will make a minimal effect on prices overall for the public and is more than offset by your suggestion of reducing taxes elsewhere. I would expect any windfall to be short lived and eaten up by other government measures. Precisely. This whole Vat issue was instigated to make it easier for businesses to operate a uniform vat regime. Instead of individual businesses chasing vat refunds etc this was handled on a government to government basis. Of course when we leave the EU our goods will not attract Vat for the importers and exporters. Whether any import cost savings will be passed onto the end consumer is a very moot point.
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Post by Deleted on May 29, 2019 15:19:52 GMT
It isn't sent directly, it is a share of the tax take. Adjusting it will make a minimal effect on prices overall for the public and is more than offset by your suggestion of reducing taxes elsewhere. I would expect any windfall to be short lived and eaten up by other government measures. Precisely. This whole Vat issue was instigated to make it easier for businesses to operate a uniform vat regime. Instead of individual businesses chasing vat refunds etc this was handled on a government to government basis. Of course when we leave the EU our goods will not attract Vat for the importers and exporters. Whether any import cost savings will be passed onto the end consumer is a very moot point. You are missing the point Oldie. I am talking about VAT paid by everyone in the UK!
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Post by Deleted on May 29, 2019 18:16:04 GMT
Precisely. This whole Vat issue was instigated to make it easier for businesses to operate a uniform vat regime. Instead of individual businesses chasing vat refunds etc this was handled on a government to government basis. Of course when we leave the EU our goods will not attract Vat for the importers and exporters. Whether any import cost savings will be passed onto the end consumer is a very moot point. You are missing the point Oldie. I am talking about VAT paid by everyone in the UK! Ha ha. I think not. Anyway...back at the ranch..more money being watered away. Government spends almost £100m on Brexit consultants flip.it/e-Wq_K
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Post by Deleted on May 29, 2019 19:51:05 GMT
You are missing the point Oldie. I am talking about VAT paid by everyone in the UK! Ha ha. I think not. Anyway...back at the ranch..more money being watered away. Government spends almost £100m on Brexit consultants flip.it/e-Wq_KWTF do you think I have been talking about? Do you even read the postings? No feckin "ha ha" about it!
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