|
View Poll Results: What would you personally prefer to happen? | |
I want the UK to stay in an ever-closer union
|     | 49 | 23.11% | |
I want the UK to stay in a loosely connected EU
|    | 68 | 32.08% | |
I want the UK out because the EU is bad for the UK
|    | 22 | 10.38% | |
I want the UK out because the EU is a bad thing
|    | 23 | 10.85% | |
I want the UK out because this would be good for the rest of us
|    | 17 | 8.02% | |
I don't really care
|    | 33 | 15.57% |
 | | | 
29.08.2018, 11:41
|  | Forum Legend | | Join Date: Apr 2007 Location: Zurich
Posts: 3,578
Groaned at 151 Times in 133 Posts
Thanked 6,508 Times in 2,784 Posts
| | | Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in
| Quote: | |  | | | I can't think of any British companies doing this on any major scale, Mainly US companies such as Apple, Amazon & Google. As Mr Trump has fixed the problem by reducing US tax rates, it's old news & not very relevant as Ireland & Luxembourg benefited the most & will remain in the EU. | | | | | Moggy Moggy Moggy, oi oi oi.
|
29.08.2018, 11:46
|  | Forum Legend | | Join Date: Apr 2010 Location: Verbier
Posts: 18,214
Groaned at 292 Times in 241 Posts
Thanked 15,932 Times in 8,860 Posts
| | | Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in
| Quote: | | | | | Moggy Moggy Moggy, oi oi oi. | | | | | Holding money offshore does not make any difference to the personal tax liability to a UK resident, not for income tax, CGT or Inheritance tax. The £ was not freely convertible until Margret Thatcher abolished Exchange controls in 1979, a far more important reason to hold non UK assets.
|
29.08.2018, 11:49
| | Forum Legend | | Join Date: Apr 2007 Location: Zurich
Posts: 3,578
Groaned at 151 Times in 133 Posts
Thanked 6,508 Times in 2,784 Posts
| | | Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in
| Quote: | | | | | Holding money offshore does not make any difference to the personal tax liability to a UK resident, not for income tax, CGT or Inheritance tax. | | | | | Why are you moving the goalposts from company finance to personal?
|
29.08.2018, 11:56
| | Forum Legend | | Join Date: Apr 2010 Location: Verbier
Posts: 18,214
Groaned at 292 Times in 241 Posts
Thanked 15,932 Times in 8,860 Posts
| | | Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in
| Quote: | | | | | Why are you moving the goalposts from company finance to personal? | | | | | I was not, read the quote I was replying to. 'Moggy Moggy Moggy, oi oi oi.'
Or was he referring to the Morris Motor Company?
|
29.08.2018, 12:00
| | Forum Legend | | Join Date: Apr 2007 Location: Zurich
Posts: 3,578
Groaned at 151 Times in 133 Posts
Thanked 6,508 Times in 2,784 Posts
| | | Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in
| Quote: | | | | | I was not, read the quote I was replying to. 'Moggy Moggy Moggy, oi oi oi.'
Or was he referring to the Morris Motor Company? | | | | | He? What? Sigh.
|
29.08.2018, 12:05
| | Forum Legend | | Join Date: Apr 2010 Location: Verbier
Posts: 18,214
Groaned at 292 Times in 241 Posts
Thanked 15,932 Times in 8,860 Posts
| | | Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in
| Quote: | | | | | He? What? Sigh. | | | | | Since when was Rees-Mogg a company & not an individual. Therefore it was you who moved the goal posts not me.
|
29.08.2018, 12:13
| | Forum Legend | | Join Date: Apr 2007 Location: Zurich
Posts: 3,578
Groaned at 151 Times in 133 Posts
Thanked 6,508 Times in 2,784 Posts
| | | Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in
| Quote: | | | | | Since when was Rees-Mogg a company & not an individual. Therefore it was you who moved the goal posts not me. | | | | | Double sigh. Use the tiniest modicum of deductive reasoning, bitte.
|
29.08.2018, 14:28
|  | Forum Legend | | Join Date: May 2008 Location: Kt. Zürich
Posts: 10,698
Groaned at 356 Times in 307 Posts
Thanked 14,290 Times in 7,840 Posts
| | | Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in
| Quote: |  | | | BREXIT DELAYED: UK and EU drop October deadline for deal - EU exit schedule WON’T be met | | | | | Source
Just gets worse!
|
29.08.2018, 14:47
| | Forum Legend | | Join Date: Apr 2010 Location: Verbier
Posts: 18,214
Groaned at 292 Times in 241 Posts
Thanked 15,932 Times in 8,860 Posts
| | | Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in
| Quote: | | | | | | | | | | Aston Martin believes no deal will be good for the car industry. https://uk.finance.yahoo.com/news/br...105214153.html |
29.08.2018, 14:57
|  | Forum Legend | | Join Date: Jul 2007 Location: ZH
Posts: 13,961
Groaned at 128 Times in 119 Posts
Thanked 26,369 Times in 10,118 Posts
| | | Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in
| Quote: | | | | | | | | | | | Quote: | | | | He said: "If a tariff barrier went in place it would even itself out, and we would probably benefit from a weaker pound. | | | | | I thought the Brexiteers were adamant that the pound would not weaken?
|
29.08.2018, 15:07
| | Forum Legend | | Join Date: May 2008 Location: Kt. Zürich
Posts: 10,698
Groaned at 356 Times in 307 Posts
Thanked 14,290 Times in 7,840 Posts
| | | Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in
| Quote: | | | | | | | | | | Also said "He added that the car maker was increasing its stock of engines in case there are any issues after Brexit".
Somehow contradictory?
|
29.08.2018, 15:08
| | Forum Legend | | Join Date: Apr 2010 Location: Verbier
Posts: 18,214
Groaned at 292 Times in 241 Posts
Thanked 15,932 Times in 8,860 Posts
| | | Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in
| Quote: | | | | | I thought the Brexiteers were adamant that the pound would not weaken? | | | | | I don't think anyone is bothered by the value of the £, you hold assets if wealth preservation is your goal. If people were bothered then nterest rates would rise until the currency was at the desired level. Currently interest rates are 2% below the rate of inflation......., so your being paid 2% to borrow money.
|
29.08.2018, 15:13
| | Forum Legend | | Join Date: Jul 2007 Location: ZH
Posts: 13,961
Groaned at 128 Times in 119 Posts
Thanked 26,369 Times in 10,118 Posts
| | | Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in
| Quote: | | | | | I don't think anyone is bothered by the value of the £, you hold assets if wealth preservation is your goal. If people were bothered then nterest rates would rise until the currency was at the desired level. Currently interest rates are 2% below the rate of inflation......., so your being paid 2% to borrow money. | | | | | Yeah but that's nothing to do with what your man at Aston Martin was saying. Presumably to him, he IS bothered by the value of the pound otherwise he wouldn't have said... | Quote: | | | | He said: "If a tariff barrier went in place it would even itself out, and we would probably benefit from a weaker pound. | | | | | Strong pound and his business is on the back foot, right?
|
29.08.2018, 15:57
| | Forum Legend | | Join Date: Apr 2010 Location: Verbier
Posts: 18,214
Groaned at 292 Times in 241 Posts
Thanked 15,932 Times in 8,860 Posts
| | | Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in
| Quote: | | | | | Yeah but that's nothing to do with what your man at Aston Martin was saying. Presumably to him, he IS bothered by the value of the pound otherwise he wouldn't have said...
Strong pound and his business is on the back foot, right? | | | | | Most business's will benefit from a weaker pound as profits will be higher in pounds & the share price will rise accordingly. SNB has spent billions trying to devalue the CHF, although it has been more successful recently.
|
29.08.2018, 16:04
| | Forum Legend | | Join Date: Oct 2014 Location: Ostschweiz
Posts: 7,761
Groaned at 263 Times in 226 Posts
Thanked 9,304 Times in 4,898 Posts
| | | Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in
| Quote: | | | | | | | | | | "If a tariff barrier went in place it would even itself out, and we would probably benefit from a weaker pound."
That's exactly the situation since the vote:
net zero tariffs coupled with a weaker pound.
So how has the UK's car industry been doing the last two years?
|
29.08.2018, 16:05
| | Forum Legend | | Join Date: Apr 2010 Location: Verbier
Posts: 18,214
Groaned at 292 Times in 241 Posts
Thanked 15,932 Times in 8,860 Posts
| | | Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in
| Quote: | | | | | "If a tariff barrier went in place it would even itself out, and we would probably benefit from a weaker pound."
That's exactly the situation since the vote. How has the UK's car industry been doing? | | | | | There have been no tariffs applied as yet so your definition of 'exactly' is somewhat different from mine.
Remember VW/AUDI group sell more cars to the UK than to the USA & Japan combined, not bad for a little island.
|
29.08.2018, 16:10
| | Forum Legend | | Join Date: Jul 2007 Location: ZH
Posts: 13,961
Groaned at 128 Times in 119 Posts
Thanked 26,369 Times in 10,118 Posts
| | | Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in
| Quote: | | | | | There have been no tariffs applied as yet so your definition of 'exactly' is somewhat different from mine.
Remember VW/AUDI group sell more cars to the UK than to the USA & Japan combined, not bad for a little island. | | | | | How will that work out with a weaker pound?
Maybe there'll be a glut of astonishingly cheap, post Brexit Aston Martins up for grabs so every cloud, and all that...  | | This user would like to thank Sandgrounder for this useful post: | |
29.08.2018, 16:11
| | Forum Legend | | Join Date: Oct 2014 Location: Ostschweiz
Posts: 7,761
Groaned at 263 Times in 226 Posts
Thanked 9,304 Times in 4,898 Posts
| | | Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in
Zero tariffs on either side now equals net zero tariffs, the same result Palmer expects when he says that those from a no-deal Brexit would "even itself out".
Inded the same net situation.
|
29.08.2018, 16:13
| | Forum Legend | | Join Date: Apr 2007 Location: Zurich
Posts: 3,578
Groaned at 151 Times in 133 Posts
Thanked 6,508 Times in 2,784 Posts
| | | Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in
|
29.08.2018, 16:17
| | Forum Legend | | Join Date: Apr 2010 Location: Verbier
Posts: 18,214
Groaned at 292 Times in 241 Posts
Thanked 15,932 Times in 8,860 Posts
| | | Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in
| Quote: | | | | | How will that work out with a weaker pound?
Maybe there'll be a glut of astonishingly cheap, post Brexit Aston Martins up for grabs so every cloud, and all that... | | | | | Audi will lose a lot of money as they currently sell for what the market will bear. Tarrif's & currency loss will be paid almost entirely by VW/Audi if they wish to maintain their sales.
Car prices have not increased by 20% to compensate for losses in the £ value since the BREXIT vote......
Shop prices have bee falling for over 5 years & rising 0.1% last month for the first time since April 2013. https://www.theguardian.com/business...han-five-years | |
Currently Active Users Viewing This Thread: 3 (2 members and 1 guests) | | errepierre, amogles | | Thread Tools | | | | Display Modes |  Linear Mode | 
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts
HTML code is Off
| | | All times are GMT +2. The time now is 00:05. | |
