Tory Brexit No Deal DOOM™: Labour

[AtW]

Theresa May warns she will reject Brexit transition if UK has failed to strike long-term EU trade deal | The Independent

The only possible outcome from the Brexit negotiations is some sort of abject humiliation of some kind or another

Oh dear,
Oh deary me,
Oh deary deary me

Beggars can't be choosers...

[filthy1980]

Low taxation, how is that possible in a country that got no other revenues to fund massive spending?

by not having massive spending

[AtW]

by not having massive spending

Deficit is still £50-60 bln, to break even you'd have to cut NHS spending by 50% at current levels of taxation.

[filthy1980]

Whether it's currently a "failing path" is only your opinion. Most other countries around the world seem to see the way forward is to form regional trading blocks, so perhaps you know something they don't...

As Brexiters are fond of mentioning, we already trade with other countries outside the EU, so your plan appears to be to feck things up for the 40+% of trade that goes to the EU, and force everyone to ship their goods and services elsewhere?

you're assuming that post brexit EU nationals and companies will instantly not want British good or services

for some any tariff or tax will not make a British import viable, for others they still wouldn't be able to get the same product from another supplier at a competitive price so trade continues

same works the opposite way around.

the EU may want to slap a 10% tariff on JLR cars imported into the EU, how would the German and French car manufacturers feel about a similar 10% tariff applied to their exports and eating into one of their most lucrative markets?

the above scenario would apply to a host of industries and once the EU based corporations begin to influence brexit negotiations you'll see the EU's hard ball tactics quickly soften and we'll end up with some form of a mutually beneficial deal, likely to take a lot longer then April 2019 to implement however

[filthy1980]

Deficit is still £50-60 bln, to break even you'd have to cut NHS spending by 50% at current levels of taxation.

over the period of a couple of decades I'd happily cut the NHS budget in half

[WTFH]

over the period of a couple of decades I'd happily cut the NHS budget in half

But it's going to increase by £350million a week, that was a promise.
Brexit means £350million a week extra for the NHS.

[BlasterBates]

you're assuming that post brexit EU nationals and companies will instantly not want British good or services

On a German TV program small business owners were saying things like once the UK is out of the EU they'll simply drop UK companies from the suppliers list, so it will happen unless importing goods remains easy. Most of the stuff these companies buy from the UK can be bought from elsewhere in the EU.

Why would you buy your kettles from the UK supplier where everything gets stuck in customs and you have to fill out a load of paperwork when you can buy alternative ones from Denmark for example.

These are small companies that do all their business within the EU and can't be bothered with the hassle of looking beyond the EU.

Of course no-one is suggesting companies will stop buying British goods altogether just it will get harder,

[AtW]

over the period of a couple of decades I'd happily cut the NHS budget in half

Over next couple of decades more people will reach old age, so costs of keeping them alive will only increase, whilst number of workers will decrease (especially with Brexit stopping new labour from moving into UK).

[AtW]

On a German TV program small business owners were saying things like once the UK is out of the EU they'll simply drop UK companies from the suppliers list, so it will happen unless importing goods remains easy. Most of the stuff these companies buy from the UK can be bought from elsewhere in the EU.

They'll have to - without single market stuff can be stuck in customs for 45 working days, who the feck needs it when modern businesses rely on Just In Time deliveries?

Those British businesses that are still viable will have to move to EU in order to stay alive, it won't be pretty, but on a plus side Business owners will get flat rate 25% dividend tax in Germany compared with 38% here, that's nearly half reduction of tax bill!

[filthy1980]

On a German TV program small business owners were saying things like once the UK is out of the EU they'll simply drop UK companies from the suppliers list, so it will happen unless importing goods remains easy. Most of the stuff these companies buy from the UK can be bought from elsewhere in the EU.

Why would you buy your kettles from the UK supplier where everything gets stuck in customs and you have to fill out a load of paperwork when you can buy alternative ones from Denmark for example.

These are small companies that do all their business within the EU and can't be bothered with the hassle of looking beyond the EU.

Of course no-one is suggesting companies will stop buying British goods altogether just it will get harder,

which is why we shouldn't focus our efforts and workforce on making kettles, which is old technology, low margin, and leaves you open to being under cut from a supplier who can produce the same goods for at a much lower cost