John Wright Posted September 29, 2014 Share Posted September 29, 2014 Whether or not the EU is corrupt or has a democratic deficit the choice for UK is stay in and try and reform or leave and join EFTA and be bound by EU rules and have no say. We are cut off from a market of 500 million for our services and financial services. A market within a three hour journey on time zones within 2 hours. Some years ago, when the EU was still struggling to understand how a Crown Dependency worked, some EU officials visited the Island and proposed harmonisation of our tax rates. The response was: 'fine - we'll set the rates and you can match them' Would we have a financial services industry if we allowed ourselves to come under the influence of the EU? Is it not a case of being careful what you wish for? Our VAT and direct tax rates are as high as or higher than many within the EU. Does that surprise you? They don't control tax rates. They do regulate Financial Services to a level that means that they are transportable ie can be offered anywhere in EU. We meet those standards but because Protocol 3 only allows freedom of movement of goods, and not services, ours can only be sold into UK. So yes we would have a FS industry here if we had access to the internal market. The quid pro quo would be that we lost work permits Link to comment Share on other sites More sharing options...
John Wright Posted September 29, 2014 Share Posted September 29, 2014 The UK is the member. If the UK votes to leave the EU and Scotland votes to stay in and there is another referendum on independence which the Scots win and that happens before the end negotiations for the UK to leave then there would be a good argument that Scotland would not need to apply and could stay in whilst England exited. Its going to be interesting in Cataluña and Spain with their independence referendum on 9 November. Link to comment Share on other sites More sharing options...
woolley Posted September 29, 2014 Share Posted September 29, 2014 The UK is the member. If the UK votes to leave the EU and Scotland votes to stay in and there is another referendum on independence which the Scots win and that happens before the end negotiations for the UK to leave then there would be a good argument that Scotland would not need to apply and could stay in whilst England exited. Its going to be interesting in Cataluña and Spain with their independence referendum on 9 November. Don't think that particular coal will be raked over again in any of our lifetimes. Link to comment Share on other sites More sharing options...
John Wright Posted September 29, 2014 Share Posted September 29, 2014 If there is an out vote in an in/out EU referendum, with England voting out and Scotland voting stay in, the next independence referendum will follow very very quickly Link to comment Share on other sites More sharing options...
Albert Tatlock Posted September 30, 2014 Share Posted September 30, 2014 If there is an out vote in an in/out EU referendum, with England voting out and Scotland voting stay in, the next independence referendum will follow very very quickly...followed by a mass exodus of UK jobs and the biggest brain drain Britain has seen since Peter Karran attempted his first Sun crossword. Link to comment Share on other sites More sharing options...
woolley Posted September 30, 2014 Share Posted September 30, 2014 If there is an out vote in an in/out EU referendum, with England voting out and Scotland voting stay in, the next independence referendum will follow very very quickly...followed by a mass exodus of UK jobs and the biggest brain drain Britain has seen since Peter Karran attempted his first Sun crossword. Not at all. Just scare stories. Britain would continue to be a trading nation as it has been for hundreds of years before this bureaucratic nightmare was conceived. As for Scottish nationalism, I think we've seen the high water mark for a very long time. There isn't another Salmond on the horizon who could cast such a seductive allure over this particular pig in a poke. Supposing for a moment though that there was another crack at it, how many are going to want to adopt the failing euro of a failing federation? Link to comment Share on other sites More sharing options...
Donald Trumps Posted September 30, 2014 Share Posted September 30, 2014 As things stand we'll be part of the Islamic State soon & these issues will be redundant Link to comment Share on other sites More sharing options...
Truth Seeker Posted October 5, 2014 Share Posted October 5, 2014 ECB announces 1 trillion bond-buying plan. "The European Central Bank will start buying bank securities worth up to 1 trillion between now and the end of the year, president Mario Draghi has announced. Speaking at a news conference following the monthly meeting of the ECB's governing council in Naples on Thursday (2 October), Draghi said that the bank would buy covered bonds and asset-backed securities (ABS) in the final three months of 2014. Although Draghi refused to give a precise figure on the total value of the purchases, he indicated that there were 1 trillion worth of bonds and ABS available on the market. Draghi also confirmed that the bank would loosen its rules to buy securities with junk ratings issued by Greek and Cypriot banks, but only if the countries stick to their bail-out programmes." http://euobserver.com/news/125882 So the "buying of bank securities" means the the banks are insecure? Link to comment Share on other sites More sharing options...
John Wright Posted October 5, 2014 Share Posted October 5, 2014 It's just quantitative easing by another name Link to comment Share on other sites More sharing options...
Albert Tatlock Posted October 5, 2014 Share Posted October 5, 2014 ...or around 1/30th of EU GDP? Link to comment Share on other sites More sharing options...
Lxxx Posted October 5, 2014 Share Posted October 5, 2014 If in doubt fire up the (virtual) printing presses. They're all out of ideas so it's the same old ammo. Link to comment Share on other sites More sharing options...
woolley Posted October 6, 2014 Share Posted October 6, 2014 It's just quantitative easing by another name And that was just another name for printing money. Link to comment Share on other sites More sharing options...
Truth Seeker Posted October 24, 2014 Share Posted October 24, 2014 EU budget: UK ordered to pay extra 2.1bn by December. "Britain has been told it must pay an extra 2.1bn (£1.7bn) into the European Union budget by the end of next month because the UK economy is doing better relative to other European economies. The demand is certain to be used against David Cameron by the growing camp who want the UK to quit the EU." http://www.theguardian.com/world/2014/oct/23/uk-european-commission-eu-budget-contribution Link to comment Share on other sites More sharing options...
spook Posted October 24, 2014 Share Posted October 24, 2014 So the UK treasury has borrowed money in order to inflate the UK economy in spite of the cost being a significant increase in the National debt and now must borrow even MORE money in order to give it to the EU. Insane. Link to comment Share on other sites More sharing options...
Donald Trumps Posted October 24, 2014 Share Posted October 24, 2014 Alex Salmond on Question Time last night appears to be considering standing again as an MP & crating utter havoc by pushing/generally encouraging Tories & UKIP into taking England out of EU see JWs post above Link to comment Share on other sites More sharing options...
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