Implications of Brexit

[CrazyC]

Although the guy who makes these videos (in character) is a Remain supporter, listen to his reasoning as to why we voted to leave. He speaks more sense than any politician does.

 

[Snoozy]

Although I originally voted remain, I’ve largely changed my mind and want to leave the EU, if that means without a deal then so be it. The way the EU has treated the UK in negotiations has been pretty appalling. The EU region is mired in such huge debts that I don’t think the euro is a sustainable currency for the future. Why would the Uk want to be dragged down with them. I know Uk also has now large debts due to the coronavirus but even before this our debt to gdp ratio was better than most euro countries.

When I visited Germany last yr for friends 40th bday celebrations, I got asked accusingly by German ppl why are you doing this to us?! I did 5y of German at high school so I can get by speaking German, they couldn’t believe someone from the Uk speaks German with them. Do we have that bad a reputation?! (well i admit they were laughing also at uk accent mixed with german - not enough gutteral sounds).

(From a separate professional perspective as a Uk Doctor of Optometry I can say that our profession is around 30y ahead of euro, who have poorly optometry trained individuals, I don’t think we can recognise their qualifications here in Uk. I know my USA Optometry colleagues feel similarly about Euro Optometry.)

 

[NoPyroNoParty]

<clipped off politics>

It will probably result hobby market to suffer if customs tariffs will be deployed with UK companies having to cut down their operations or shut down completely but I can see the Acorn scene thriving

 

[Snoozy]

or reverse that thinking, Uk companies investing in Uk rather than europe.

I doubt u can mention much about Acorn without being smirked at for nokia

 

[Bryce]

or reverse that thinking, Uk companies investing in Uk rather than europe.

I doubt u can mention much about Acorn without being smirked at for nokia

But how many of the big employment companies are actually still UK owned? Many of them belong to international companies even if they are still thought of as UK companies.

Bryce.

 

[NoPyroNoParty]

or reverse that thinking, Uk companies investing in Uk rather than europe.

I doubt u can mention much about Acorn without being smirked at for nokia

We don't really have a Nokia hardware scene that I am aware of and I don't know how Brexit would impact it.

I edited off general impacts of Brexit along with politics in my post but yes I do believe that since Britain imports more goods from EU than the other way around there is a window of opportunity for labour intensive manufacturing and agricultural work for internal consumption. Obviously the problem with this is that you need cheap labour from abroad to achieve that.
I don't believe in the romantic notion that companies are loyal to where they have are nominally based even if they are owned by brexiteering Tories. The Tories only put other peoples money where their mouth is, I'm afraid.

 

[mujo32]

Just take Dyson for example. Pro brexiter Sir Dyson moved the company to Singapore as soon the figures supported it. Long live the Queen and all...

 

[salaxi54]

All i know is that hobbyists like us will be having a hard time with import taxes for buyers. Thus, if someone thought of buying something from the UK once, now they will think about it twice. Don't really care what each individual country wants from/for the EU. Most Europeans would perhaps want to return to their local currency, be it German DM, Greek Drachma, Italian Lirette etc. Once we switched to Euro, prices went stupidly-high. A simple example is a bottle of 500ml mineral water has gone from 50 Drachmas to 50 Cents. And that's at least 300% up. On the other hand, my income has dropped by approx. 40%. I understand that there's plenty of more details to the common market i don't know about, but can't burn brain cells trying to figure them out. My concern is that quality of life has gone worse..

 

[Tregio]

To UK'ers: Time to start buying and stock piling all Amiga stuff.

 

[User4703]

Is the general gist of "No more cheap imports to the UK, prepare your Angus" that runs through this thread true? Like with any proof or is it just some shrieking?

 

[miggymad]

For now, it seems it's just shrieking by the masses ... However, this is direct from the UK.GOV website in regards to the VAT rules after December 31st 2020

UK view on a No Deal Brexit for VAT - August 2018The government aims “to keep VAT procedures as close as possible to what they are now” after Brexit, there will be some inevitable changes in the event of no-deal.
We advise members to scrutinise the detail of the announcement, to be clear on which elements would affect them: we highlight below some of the headline issues.
Accounting for import VAT on goods imported into the UK: the government will introduce postponed accounting for import VAT on goods brought into the UK. UK VAT registered businesses importing goods to the UK will be able to account for import VAT on their VAT return, rather than paying import VAT on or soon after the time that the goods arrive at the UK border. This will apply both to imports from the EU and non-EU countries.
VAT on goods entering the UK as parcels sent by overseas businesses: VAT will be payable. On goods worth more than £135 sent as parcels, VAT will be collected from UK recipients, in line with current procedures for parcels from non-EU countries.
UK businesses exporting goods to EU consumers: distance selling arrangements will no longer apply to UK businesses and UK businesses will be able to zero rate sales of goods to EU consumers.
EU-wide VAT IT systems: the UK will stop being part of EU-wide VAT IT systems such as the VAT Mini One Stop Shop.
EU VAT refund system: UK businesses will continue to be able to claim refunds of VAT from EU member states but they will need to use the existing processes for non-EU businesses.
N Ireland businesses trading with Ireland are recognised by HMG as facing “very significant challenges” in the event of no-deal, because of the “unique and highly sensitive context”. HMG recommends that “if you trade across the land border, you should consider whether you will need advice from the Irish government about preparations you need to make”.

Trading between individuals is expected to remain as it is, customs forms to be used and the value of goods to be declared.

 

[User4703]

Yeah, thats what I suspected. You had people saying that the £15 freebie limit was gone etc.. but it seems everything will be as it was pretty much because if you were buying from EU the VAT was technically already prepaid in country of origin.