UK to reduce taxes to undercut EU UK to reduce taxes to undercut EU - Page 3
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  1. #21

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    Quote Originally Posted by PurpleGorilla View Post
    He said we'd keep a European model, but that we are in the middle of the pack.

    Gives significant room to undercut.
    I think the lever we will have to pull is VAT. 20% to 10%.

    My rationale is that we are too dependent on retail sales.

  2. #22

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    Quote Originally Posted by Bluenose View Post
    I think the lever we will have to pull is VAT. 20% to 10%.

    My rationale is that we are too dependent on retail sales.
    If they went for that route it would swallow up the tariff margin quite happily. But in truth what the EU need to fear at the moment is the prospect of their toys becoming less unattractive to a market that is one of their largest.

    https://fullfact.org/europe/where-does-eu-export/

  3. #23

    More fingers than teeth

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    Quote Originally Posted by Bluenose View Post
    My rationale is that we are too dependent on retail sales.
    Too dependent on cheap imports. When cheap imports are no longer affordable the whole show comes to a quick sharp stop.
    “We've always defined ourselves by the ability to overcome the impossible. And we count these moments. These moments when we dare to aim higher, to break barriers, to reach for the stars, to make the unknown known. We count these moments as our proudest achievements. But we lost all that. Or perhaps we've just forgotten that we are still pioneers. And we've barely begun. And that our greatest accomplishments cannot be behind us, because our destiny lies above us.”

  4. #24

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    Quote Originally Posted by bobspud View Post
    If they went for that route it would swallow up the tariff margin quite happily. But in truth what the EU need to fear at the moment is the prospect of their toys becoming less unattractive to a market that is one of their largest.

    https://fullfact.org/europe/where-does-eu-export/
    But the UK is irrelevant to the EUmpire!

  5. #25

    More fingers than teeth

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    Quote Originally Posted by PurpleGorilla View Post
    But the UK is irrelevant to the EUmpire!
    Through its own choice.
    “We've always defined ourselves by the ability to overcome the impossible. And we count these moments. These moments when we dare to aim higher, to break barriers, to reach for the stars, to make the unknown known. We count these moments as our proudest achievements. But we lost all that. Or perhaps we've just forgotten that we are still pioneers. And we've barely begun. And that our greatest accomplishments cannot be behind us, because our destiny lies above us.”

  6. #26

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    Quote Originally Posted by WTFH View Post
    Brexit: UK will not cut taxes, says Philip Hammond - BBC News

    Well, they say they won't which means they will.
    You make cutting taxes sound like a bad thing.

    "The Momentum is strong in this one..."
    His heart is in the right place - shame we can't say the same about his brain...

  7. #27

    Prof Cunning @ Oxford Uni

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    Quote Originally Posted by Mordac View Post
    You make cutting taxes sound like a bad thing.

    "The Momentum is strong in this one..."
    No, I was making the point that a Tory minister said something definitely wouldn't happen, which means it will happen.
    Strong and Stable Moderation

  8. #28

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    Quote Originally Posted by WTFH View Post
    No, I was making the point that a Tory minister said something definitely wouldn't happen, which means it will happen.
    We can but hope...
    His heart is in the right place - shame we can't say the same about his brain...

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