Financial sector

[bobspud]

EU will lose some of UK money, but it will gain a lot more in increased investment - if Scotland leaves and becomes EU states then a lot of City banks will move to Edinburgh.

I can see only one way to reduce loss of big business in this country - make corp tax rate really low, 12.5% like in Ireland or maybe 10%, at least now in theory EU can't stop UK from doing it.

So the EU have already told Rab's wife that it doesn't work like that and they need to leave and join the queue to re-apply like Turkey so what ever they want to do unfortunately they are the first casualty in this (For that I AM truly sorry)

We don't need to pay the EU a penny if they try to put us over a barrel. Bare that in mind. We have played nice so far we don't need to keep doing that. The Germans do understand this and maybe the french do too...

Yes we need to cut corporation tax hard. We need to make ourselves a real opportunity for business investment.

Most importantly: If you start at the lowest valued ones first and work your way to the top of the pile, how many mortgages could be paid off using the EU money while we refuse to pay anything to them...
The EU is scared that other countries want what we have just got. If we suddenly windfall all that money directly into our people to make them tangibly better off. The EU as it is today is dead and buried inside the time it takes us to leave....

[vetran]

City will be sold to some dodgy expat's mate's wife for £1 as a token. Once the pension fund is empty it will go bankrupt leaving the government to pay compensation

Every £1 counts now.

FTFY

[AtW]

We don't need to pay the EU a penny if they try to put us over a barrel. Bare that in mind. We have played nice so far we don't need to keep doing that. The Germans do understand this and maybe the french do too...

UK will have to pay full amount until exit is finished, at least 2 years.

[minestrone]

EU will lose some of UK money, but it will gain a lot more in increased investment - if Scotland leaves and becomes EU states then a lot of City banks will move to Edinburgh.

I can see only one way to reduce loss of big business in this country - make corp tax rate really low, 12.5% like in Ireland or maybe 10%, at least now in theory EU can't stop UK from doing it.

Can't happen, EU has laws that stop it currently. Scotland is not big enough to support large banks if it is independent, would not be able to offer bail out in times of crisis.

[Milkyway]

UK will have to pay full amount until exit is finished, at least 2 years.

That is correct, and it looks like it will take much much more than just 2 years as well, considering even UKIP are saying there is no hurry to trigger Article 50 now - we should take time to get our deals in place before we do that.
This means the 2 years time-clock won't begin until quite a bit of time into the future.

Also, the trade deals and other goodies from EU cannot be signed within 2 years, considering there are 27 EU countries to consult with and agree.

We will be paying the full membership fees for several years to come!

This means, that the 350 million pounds funding into the NHS every week (and build a new hospital every week) promised by Gove + Boris, won't happen for a long time? Oh wait! They have already reneged on those promises already!

[bobspud]

UK will have to pay full amount until exit is finished, at least 2 years.

Not if fish face carries on with the bulltulip rhetoric that has been coming out of his face the last few days.

We know tempers are flared right now but if the EU commission really thinks it's going to turn on the country that has saved it twice in the past hundred years, then what we do and have to do will become very clear.

[SueEllen]

Not if fish face carries on with the bulltulip rhetoric that has been coming out of his face the last few days.

We know tempers are flared right now but if the EU commission really thinks it's going to turn on the country that has saved it twice in the past hundred years, then what we do and have to do will become very clear.

Stop coming out with the history tulip as they don't care.

[BrilloPad]

Can't happen, EU has laws that stop it currently. Scotland is not big enough to support large banks if it is independent, would not be able to offer bail out in times of crisis.

Any amount of money can be printed.....

[BlasterBates]

Most importantly: If you start at the lowest valued ones first and work your way to the top of the pile, how many mortgages could be paid off using the EU money while we refuse to pay anything to them...

Taking into account Britain's rebate and Britain's share of funding 150 million a week divided by approx 50 million voters is around 3 pounds a week for each voter.

...hmm might take a while to pay back the mortgage.

The increase in interest rates that we might expect due to a declining pound will probably mean mortgages going up substantially more than 3 pounds a week.

[BrilloPad]

[QUOTE=BlasterBates;2275025][QUOTE=bobspud;2274888]
Most importantly: If you start at the lowest valued ones first and work your way to the top of the pile, how many mortgages could be paid off using the EU money while we refuse to pay anything to them...

150 million a week divided by approx 40 million voters is around 3 pounds a week for each voter.

...hmm might take a while to pay back the mortgage.

The increase in interest rates that we might expect due to a declining pound will probably mean mortgages going up substantially more than 3 pounds a week.

Interest raters will not go up. They are more likely to go down. With more QE.....