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I have yet to hear one financial benefit from Brexit or any other benefits really, unless you want a united Ireland or Scotish independance. fair few negatives
by 123pie123 5y ago
I have yet to hear one financial benefit from Brexit or any other benefits really, unless you want a united Ireland or Scotish independance.
fair few negatives. to name a few
- increase friction in trade to business (extra paper work/ costs/ taxes/ delays at border)
- loss of talent from EU
- lack of miltary access to Galileo GPS, screwing up the latest weapons
- fragmented internal UK market, NI under different rules
- lack of influence and veto to new EU rules / regulations, so UK has no influence or say to the regulations to a part of its country (ie Northern Ireland)
- timellis-smith 5y agoDifficult to say whether these were because of Brexit but: Nissan has doubled down on Sunderland post Brexit Shell has closed its offices in Netherlands on favour of UK as has Unilever. https://www.reuters.com/business/energy/iss-recommends-shareholders-support-shell-move-uk-2021-11-26/ https://www.reuters.com/business/energy/iss-recommends-share... https://www.google.com/amp/s/amp.theguardian.com/business/2021/nov/15/shell-move-hq-tax-netherlands-uk https://www.google.com/amp/s/amp.theguardian.com/business/20... https://www.google.com/amp/s/www.nytimes.com/2021/07/01/business/nissan-battery-factory-britain.amp.html https://www.google.com/amp/s/www.nytimes.com/2021/07/01/busi...
- jacquesm 5y agoShell has only moved because they didn't want to pay dividend tax, and post Brexit the UK has decided that being a tax shelter for multi-nationals may not be the worst move. Whether that is true in the long term remains to be seen, the fact that Shell moves their head office may not be worth as much as losing the rest of the Euro clearing that is happening in London over the next decade or so.