4 ms·

Anyone from the UK: What are you doing to mitigate with personal spending? Now having to pay import duty/VAT on EU imports plus a ~£10 handling fee for deliver

by Jonnax 6y ago

Anyone from the UK: What are you doing to mitigate with personal spending? Now having to pay import duty/VAT on EU imports plus a ~£10 handling fee for delivery company handling. It seems like the cost of living is increasing.

JosephRedfern 6y ago
Mostly sobbing into my hands and wondering how over half the voting population managed to get hoodwinked into thinking that any of this might be a good idea, with a good outcome.
- Hamuko 6y ago
  The other side had less catchy busses.
jonplackett 6y ago
Can someone explain why that is even happening - I thought the 'deal' was meant to prevent that. Wasn't this what everyone was worried about happening with a hard Brexit?
- avianlyric 6y ago
  The “deal” is for zero tariffs and quotas. So we don’t pay for tariffs, but there still plenty of other trade barriers that exist. Such as paying to have your goods checked as the cross the border. Or paying VAT as it crosses the border because we’re no longer part of the EU VAT system. The deal we got is basically one notch short of the hardest possible Brexit. It’s barely a deal, just a face saving piece of toilet paper for Boris to cover himself with.
  - jonplackett 6y ago
    I really hope BoJo is one day held accountable for his serial uselessness.
- Jonnax 6y ago
  The Financial Times put out an article a few days ago about the road to Brexit. I think a fair conclusion is that the government didn't have interest in getting a good deal or sorting out potential issues. https://amp.ft.com/content/cc6b0d9a-d8cc-4ddb-8c57-726df018c10e?__twitter_impression=true https://amp.ft.com/content/cc6b0d9a-d8cc-4ddb-8c57-726df018c...
- ben_w 6y ago
  “Hard Brexit” is an Overton window which shifted a lot since the referendum campaign began. Originally “Hard Brexit” meant leaving the Single Market and Customs Union, but May made doing anything less than that into “Brexit in name only” with her limited time in office. The final deal has the U.K. out of both, with some options for tariff-free trade if you filled out the right forms, but there aren’t enough customs experts to fill out all those forms even if it was a zero-cost exercise. However this is just an interesting aside; regarding MasterCard fees, the explicit point of Brexit was to no longer be bound by EU rules, and so the UK (with huge caveats yet to be fully explored because the agreement has been TL;DRed by the U.K. government) is no longer required to follow rules like the one MasterCard IDs referring to here. (Probably. It’s a long document).
iNerdier 6y ago
Shipping things to my friends and planning to leave.
hyko 6y ago
From a personal finance perspective (for most western citizens), import duties etc. are a rounding error compared to other influences.
mytailorisrich 6y ago
I think you may be overestimating the impact of this on 'normal' UK residents: We don't order stuff from the EU that often. Now, as a country we do import a lot from the EU. The direct impact is on businesses, which might have a knock-on effect on inflation unless or until alternatives are found.

by Jonnax 6y ago

JosephRedfern 6y ago

Mostly sobbing into my hands and wondering how over half the voting population managed to get hoodwinked into thinking that any of this might be a good idea, with a good outcome.

Hamuko 6y ago
The other side had less catchy busses.

jonplackett 6y ago

Can someone explain why that is even happening - I thought the 'deal' was meant to prevent that. Wasn't this what everyone was worried about happening with a hard Brexit?

avianlyric 6y ago
The “deal” is for zero tariffs and quotas. So we don’t pay for tariffs, but there still plenty of other trade barriers that exist. Such as paying to have your goods checked as the cross the border. Or paying VAT as it crosses the border because we’re no longer part of the EU VAT system. The deal we got is basically one notch short of the hardest possible Brexit. It’s barely a deal, just a face saving piece of toilet paper for Boris to cover himself with.
- jonplackett 6y ago
  I really hope BoJo is one day held accountable for his serial uselessness.
Jonnax 6y ago
The Financial Times put out an article a few days ago about the road to Brexit. I think a fair conclusion is that the government didn't have interest in getting a good deal or sorting out potential issues. https://amp.ft.com/content/cc6b0d9a-d8cc-4ddb-8c57-726df018c10e?__twitter_impression=true https://amp.ft.com/content/cc6b0d9a-d8cc-4ddb-8c57-726df018c...
ben_w 6y ago
“Hard Brexit” is an Overton window which shifted a lot since the referendum campaign began. Originally “Hard Brexit” meant leaving the Single Market and Customs Union, but May made doing anything less than that into “Brexit in name only” with her limited time in office. The final deal has the U.K. out of both, with some options for tariff-free trade if you filled out the right forms, but there aren’t enough customs experts to fill out all those forms even if it was a zero-cost exercise. However this is just an interesting aside; regarding MasterCard fees, the explicit point of Brexit was to no longer be bound by EU rules, and so the UK (with huge caveats yet to be fully explored because the agreement has been TL;DRed by the U.K. government) is no longer required to follow rules like the one MasterCard IDs referring to here. (Probably. It’s a long document).

iNerdier 6y ago

Shipping things to my friends and planning to leave.

hyko 6y ago

From a personal finance perspective (for most western citizens), import duties etc. are a rounding error compared to other influences.

mytailorisrich 6y ago

I think you may be overestimating the impact of this on 'normal' UK residents: We don't order stuff from the EU that often. Now, as a country we do import a lot from the EU. The direct impact is on businesses, which might have a knock-on effect on inflation unless or until alternatives are found.