Brexit: Now What? Part IV

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Wildy said:
For some reason searching and accessing the article through google worked for me.

I wonder if the US is holding out for access to the British Virgin Islands and the Caymans?
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It is usually the case that going to the FT through Google or a Twitter link will bypass the paywall. It's sometimes worth Googling for an article for that purpose.
 
Europe demands we pay Europe because we bought cheap clothes from China. This is yet another example of why leaving the EU is a good and necessary thing.
 
ceptimus said:
Europe demands we pay Europe because we bought cheap clothes from China.
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No, the EU demands you pay the EU because you didn't charge the required duties even though you were warned by the EU that your chinese suppliers were, among other things, under-invoicing. But you would have known that if you had bothered to actually read the article.

This is yet another example of why leaving the EU is a good and necessary thing.
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Here I am starting to agree with you... even if my reasoning is vastly different from yours. The UK clearly cannot be trusted to honour its obligations. Thus far the UK government has not given even the slightest hint that this is something that's going to change any time soon. Thus the EU is much better off with the UK completely removed from this valuable project.

March 2019 the UK can and should revert to WTO rules, without a transition period. Good riddance.
 
The EU is also demanding that they will keep full rights to fish UK waters after Brexit. But that is not cherry picking, of course, Cherry picking is something that the EU would never want to do.
 
ceptimus said:
I did read the article by the way.
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So you say... your comment didn't reflect that though.

Ignorant of you to assume that I didn't.
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No, it was rather hopeful of me to assume that you hadn't read the article. Because the alternatives (to not having read the article) are worse.
 
ceptimus said:
The EU is also demanding that they will keep full rights to fish UK waters after Brexit. But that is not cherry picking, of course, Cherry picking is something that the EU would never want to do.
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A lazy Google says that UK waters account for 700,000 tonnes of fish under the CFP, yet the UK's share of the overall EU catch is 752,000. That seems fairly balanced. I would presume that what UK vessels are catching in non-UK waters is not the same as what other EU vessels are catching in UK waters. If other EU vessels stop operating in UK waters, then obviously UK vessels would have to stop operating in other EU waters, but might not actually be the right type of vessel to transfer to UK waters.
 
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ceptimus said:
Europe demands we pay Europe because we bought cheap clothes from China. This is yet another example of why leaving the EU is a good and necessary thing.
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Yep this is as wrong as the UK government being upset by people not being charged the VAT on things. Failure to pay taxes is the most fundamental right of every freeman of the land and it is something the UK is most associated with.
 
The EU is mainly complaining about insufficient duty/tariffs - the VAT is a secondary issue.

The EU is simply behaving in its usual protectionist racket mode - it is unable to compete with China in the production of cheap clothes so it applies a tariff to inflate the price of such clothes to nearer the price they can be made for in the EU.

If I buy a cheap Chinese T-shirt, I pay the manufacturers maybe $1, the shippers and handlers another $1, and then the EU wants me to also pay another $1 to them to be wasted by the EU bureaucracy.

Once we've left the EU we'll get the benefit of cheaper clothes while our European neighbours will continue to hand over their hard-earned cash to Brussels.

And you wonder why the majority voted to leave. :)
 
ceptimus said:
The EU is mainly complaining about insufficient duty/tariffs - the VAT is a secondary issue.
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They are both taxes, colluding to avoid paying them is morally the same. You don't think people need to pay their taxes and many people agree with that. Keep your comments on point.

And think of all the new import duties on EU-UK trade!
 
ceptimus said:
Europe demands we pay Europe because we bought cheap clothes from China. This is yet another example of why leaving the EU is a good and necessary thing.
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The UK knowingly let Chinese import cheap clothes without paying customs and without paying proper VAT. A percentage of that is due to the EU. Therefore, the UK failed to pay its obligations to the EU.

When I fail to pay my taxes, the Tax Office will seize my bank account and then auction off my home and my furniture when I still haven't paid in full. I think the EU has thus far been very nice to the UK in this matter.
 
ceptimus said:
The EU is mainly complaining about insufficient duty/tariffs - the VAT is a secondary issue.

The EU is simply behaving in its usual protectionist racket mode - it is unable to compete with China in the production of cheap clothes so it applies a tariff to inflate the price of such clothes to nearer the price they can be made for in the EU.
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Congratuations. You seem to have discovered the purpose for tariffs.

<snip>

Once we've left the EU we'll get the benefit of cheaper clothes while our European neighbours will continue to hand over their hard-earned cash to Brussels.
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How will the British workers making clothes in the U.K. feel about that? Will they be glad that their countrymen will now be able to by cheaper clothes from China instead of handing over their hard-earned cash for clothes made at home?

And you wonder why the majority voted to leave. :)
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I never wondered that. It was pretty obvious it was to keep all those nasty furriners from flooding into the country. Oh yeah, and that extra 350 million per week for the NHS.

Are you saying it was really because they wanted to buy cheaper stuff from China instead of buying locally made products?
 
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ceptimus said:
The EU is mainly complaining about insufficient duty/tariffs - the VAT is a secondary issue.

The EU is simply behaving in its usual protectionist racket mode - it is unable to compete with China in the production of cheap clothes so it applies a tariff to inflate the price of such clothes to nearer the price they can be made for in the EU.
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No

If I buy a cheap Chinese T-shirt, I pay the manufacturers maybe $1, the shippers and handlers another $1, and then the EU wants me to also pay another $1 to them to be wasted by the EU bureaucracy.
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How about you pay (at the under-invoiced prices) the manufacturers about 15 cents (or 22 cents at market rates). Throw in another 5 cents for shipping and handling. Import duty seems to be about 12% on the CIF cost of the tshirt, so that would be around 2.50 cents (or 3.25 cents at market rates). Congratulations... your cheap t-shirt cost is now 22.50 cents when it enters the EU market. The 'more expensive' t-shirt would have cost a whopping 30.25 cents when it enters the EU market.

Once we've left the EU we'll get the benefit of cheaper clothes while our European neighbours will continue to hand over their hard-earned cash to Brussels.
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I think you'll be disappointed by the benefits... but sure after March 2019 I suppose you should be able to get your t-shirts a few cents cheaper than before.


And you wonder why the majority voted to leave. :)
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No, not any longer.
 
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