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UK to reduce taxes to undercut EU

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    #21
    Originally posted by PurpleGorilla View Post
    He said we'd keep a European model, but that we are in the middle of the pack.

    Gives significant room to undercut.
    I think the lever we will have to pull is VAT. 20% to 10%.

    My rationale is that we are too dependent on retail sales.

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      #22
      Originally posted by Bluenose View Post
      I think the lever we will have to pull is VAT. 20% to 10%.

      My rationale is that we are too dependent on retail sales.
      If they went for that route it would swallow up the tariff margin quite happily. But in truth what the EU need to fear at the moment is the prospect of their toys becoming less unattractive to a market that is one of their largest.

      https://fullfact.org/europe/where-does-eu-export/

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        #23
        Originally posted by Bluenose View Post
        My rationale is that we are too dependent on retail sales.
        Too dependent on cheap imports. When cheap imports are no longer affordable the whole show comes to a quick sharp stop.
        "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

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          #24
          Originally posted by bobspud View Post
          If they went for that route it would swallow up the tariff margin quite happily. But in truth what the EU need to fear at the moment is the prospect of their toys becoming less unattractive to a market that is one of their largest.

          https://fullfact.org/europe/where-does-eu-export/
          But the UK is irrelevant to the EUmpire!
          http://www.cih.org/news-article/disp...housing_market

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            #25
            Originally posted by PurpleGorilla View Post
            But the UK is irrelevant to the EUmpire!
            Through its own choice.
            "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

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              #26
              Originally posted by WTFH View Post
              Brexit: UK will not cut taxes, says Philip Hammond - BBC News

              Well, they say they won't which means they will.
              You make cutting taxes sound like a bad thing.

              "The Momentum is strong in this one..."
              His heart is in the right place - shame we can't say the same about his brain...

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                #27
                Originally posted by Mordac View Post
                You make cutting taxes sound like a bad thing.

                "The Momentum is strong in this one..."
                No, I was making the point that a Tory minister said something definitely wouldn't happen, which means it will happen.
                …Maybe we ain’t that young anymore

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                  #28
                  Originally posted by WTFH View Post
                  No, I was making the point that a Tory minister said something definitely wouldn't happen, which means it will happen.
                  We can but hope...
                  His heart is in the right place - shame we can't say the same about his brain...

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