I talk labour costs, and you bring in climate credits??? An increased market supply lowers labour costs - skilled or unskilled. The UK will have to turn to non-EU markets - they have not managed to encourage local labour in 47 years of the EU.
Well, I wonder why that is? So why the number of jobs that have left the UK, sometimes where labour costs are comparable. So the HP Sauce example. Or large chunks of the car industry that have sometimes relocated elsewhere in the EU with the help of EU grants. But labour costs are only part of the equation. Other policies have increased the cost of doing business in the UK or EU in general, such as energy. That's resulted in your 'increased market supply', ie more unemployed.. but won't improve unless the UK becomes an attractive place to create jobs.
People like you imply it is a EU thing - but the whole point of the privleges of the EU market is the cost paid by those members - it would indeed be stupid if any non-member country woud get that for nothing.
People like you seem blissfully ignorant of reality-
With a long list of FTA's in force, or in progress. And yes, it would see stupid, except the stupid is real. All those countries get trade without paying the EU's tithe, and accepting all the EU's Directives in return. So CETA for example. Mostly FTA deal agreed with Canada, and no expectation that Canada surrenders it's fishing rights, or adopts any 'level playing field'.
Delaware is not a tax haven - it is the legal framework there makes it desirable for American corporates. You are seriously misinformed.
Not me. See-
Delaware charges no income tax on corporations not operating within the state, so taking advantage of Delaware's other benefits does not result in taxation.
Again one of those little details the EU's afraid of, ie the UK becoming a Delaware on it's doorstep.
Are you saying the UK future is at the hand of CFO whims? If so, you're making my point.
Yup. Previously you said a CFO's duty is to minimise tax. So if the UK decides to lower it's CT to the same, or less than say, Netherlands, Luxembourg or Ireland, what do you think might happen? Do you think it may incentivise companies to incorporate some or all of it's business here? And might that create jobs, as well as additional tax revenues?
No "saving" a budgetary contribution in terms of money is certainly not even remotely the same thing as an economic benefit.
Err.. right. So money that would have gone to the EU that could now be invested (or just not spent) in the UK is not an economic benefit?
The UK can't even figure out the customs at their own border as other articles here show
Well, it may suprise you to know that cargo ships regularly arrive in UK ports from non-EU countries, and HMRC does a fair job of sorting those out. Ok, so it may not be perfect and the EU has on occasion tried to claim HMRC is doing it wrong and we owe the EU additional duty. But such are the joys of trade. So did you know there's a little trick Norway plays? US ethanol attracts a high tariff into the EU, so Norway imports it, blends it with petrol and moves it on into the EU.
But some of the rest are chicken little cries. Yes, there may be additional paperwork.. unless there's an FTA, in which case it won't be needed. And it's not like filling out a customs declaration is hard.
But as policy, the government chose to move to services that depend and take advantage of the single market.
Err.. nope. London has always been a place to do business. You may have heard of venerable institutions like the Baltic Exchange (global shipping), the International Petroleum Exchange (home of Brent Crude), now part of the ICE, or Lloyds.. The insurer, not the chemist. Or the LSE (exchange, not the hotbed of socialism), the LME if you want some rare earths.. Then all the other banks, law firms, clearing houses etc. Curious thing is the number that originated in coffee shops. Such is trade.
But our friends in the EU have been trying to chip away at that for decades and convince more to move to places like Frankfurt or Paris.. Yet London still dominates, and if the EU wants to lose access to those services, well, good luck to them I guess.