Chasey
Well-Known Member
Clearly. We are the 5th biggest economy globally and they need our trade. If they cut us off we can buy cheaper elsewhere once out of the customs union and it will mean cheaper prices for consumers as we won't need to apply protectionist external tariffs.
WHy do you imagin we dont buy "cheaply elswhere" now? Could it possibly be because we cant get what we want more "Cheeply" outside the EU?
Yes we can buy anything from anywhere and theres never been a bar on that but our free trade agreement with the EU meant the cheapest place to buy was from the EU
SO sure we will carry on buying stuff post Brexit. It will just be more expensive due to the costs we have loaded on the supplier and more expensive due to the import duties.
Or of course we can do what we are doing and scrap tariffs across a wide range of products. Which is great for the consumer but not so good for the country as by WTO rules we have to offer the same deel to EVERY importer. so we lose a lot of tax
But not a problem as the government is creating loads of new tax for us to pay which will cover the shortfall
At the moment its all stealth tax and soft targets (like the BTL pensioners) but very soon we will have the full on tax increases to cover the massive cost of Brexit starting with the scraping of tax relief for a fixed payment of 48.00 per person and lowering the higher rate of tax band from 50K down to 36k because people earning 36K are obviously rolling in it and can afford to pay 40% tax. The Workplace pension con will be extended to take pressure off NI contributions and the government providing a liveable pension, emissions tax, more congestion charging tax and of course there will be the tole roads they are building now to further tax the car owner into the ground.
The UK govt has recently spent 3 billion pounds on temporary measures to cope with a hard Brexit
Personally id have spent that on the NHS rather than softening the reality of Brexit to all the people who thought it would be great, but thats just me
That 3 billion didn't fall off the magic money tree, it will be clawed back in tax. to the tune of £150 for every working tax paying man & woman
Then of course there the cost of negotiating Brexit and the on going cost of negotiating 760 new trade deals.
The UK tax payer will have to pay for that as well and of course the increased cost of goods.
But dont worry the benefits of Brexit are apparently going to be amazing, so I am sure we will all be millionaires by Christmas and the extra tax wont matter a jot.