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The UK has only just Brexited. There's a fair chance that tax rates will be looked at. Bear in mind that there's now an economy roughly the same size as Franc

The UK has only just Brexited. There's a fair chance that tax rates will be looked at. Bear in mind that there's now an economy roughly the same size as France parked up off the coast of mainland Europe which has just had the safety catch taken off. I wonder if the "Double Dutch Irish sandwich" or whatever it's called will get a British tinge soon enough. I voted Remain FWIW. That seems an awfully long time ago.

nly 6y ago
If Britain attempts this, the deal struck on goods with the EU will be unilaterally pulled. Any hope for agreement on financial services will always vaporise
TheOtherHobbes 6y ago
Taking off the safety while you're pointing the gun at your own head is not the best idea ever. Tax evasion/avoidance was indeed one of the primary motivations for Brexit. But that only works when you have a stable financial system - and haven't just destroyed a significant part of your balance of payments by crippling both exporters and service providers. And then the governor of the BoE tells everyone to consider negative interest rates - which is a superb way to persuade speculators to sell the pound and make imports even more expensive. It'a almost as if they're deliberately trying to crash the currency.
- SuoDuanDao 6y ago
  I suspect a lot of places are trying to at least depress their currency. We're at a weird point in history where a lot of technological influences on the economy are deflationary, to the point that a lot of money printing is required just to keep the inflation rate somewhat steady. Add a desire to be competitive on wage costs against other nations and some of the measures being taken look rather aggressive.
- thu2111 6y ago
  Tax evasion/avoidance was indeed one of the primary motivations for Brexit No it wasn't, it was barely mentioned. A few libertarian Tories would have liked to lower tax rates but: 1. Countries having different tax rates is not "tax evasion" or "avoidance". By any definition that's clearly propaganda. 2. Lockdowns put paid to that idea. 3. The idea of turning Britain into Singapore never gained much traction within the wider Conservative party.

nly 6y ago

If Britain attempts this, the deal struck on goods with the EU will be unilaterally pulled. Any hope for agreement on financial services will always vaporise

TheOtherHobbes 6y ago

Taking off the safety while you're pointing the gun at your own head is not the best idea ever. Tax evasion/avoidance was indeed one of the primary motivations for Brexit. But that only works when you have a stable financial system - and haven't just destroyed a significant part of your balance of payments by crippling both exporters and service providers. And then the governor of the BoE tells everyone to consider negative interest rates - which is a superb way to persuade speculators to sell the pound and make imports even more expensive. It'a almost as if they're deliberately trying to crash the currency.

SuoDuanDao 6y ago
I suspect a lot of places are trying to at least depress their currency. We're at a weird point in history where a lot of technological influences on the economy are deflationary, to the point that a lot of money printing is required just to keep the inflation rate somewhat steady. Add a desire to be competitive on wage costs against other nations and some of the measures being taken look rather aggressive.
thu2111 6y ago
Tax evasion/avoidance was indeed one of the primary motivations for Brexit No it wasn't, it was barely mentioned. A few libertarian Tories would have liked to lower tax rates but: 1. Countries having different tax rates is not "tax evasion" or "avoidance". By any definition that's clearly propaganda. 2. Lockdowns put paid to that idea. 3. The idea of turning Britain into Singapore never gained much traction within the wider Conservative party.