On Mon, 8 Jan 2018 03:34:02 -0800 (PST), R. Mark Clayton
Post by R. Mark ClaytonPost by YellowOn Sun, 7 Jan 2018 03:31:35 -0800 (PST), R. Mark Clayton
Post by R. Mark ClaytonAs predicted Brexit is leading to greatly increased direct and indirect costs (aka compliance load) for UK business that trade with Europe: -
Is big business doing to have to spend some of is profits on customs
paperwork like they do if they export anywhere else in the world?
Yes.
Their competitors and customers still inside the EU will NOT.
Post by YellowExcuse my while I weep a river.
for UK's "big businesses" becoming smaller. Crocodile tears no doubt for the workers they will lay off.
Here we go again with "project fear" - but no one believes it any more
as none of it ever comes true and sure, there may be a few more costs
here and there for some people but there are also going to be plenty of
savings available too.
OK, these savings maybe for the 90% of businesses who do not export but
that seems like a decent trade off to me.
Post by R. Mark ClaytonPost by YellowPost by R. Mark Claytonhttps://www.theguardian.com/politics/2018/jan/06/vat-upfront-after-brexit-uk-imports
and Brextremists claimed that red tape would be slashed...
But just think how wonderful it is going to be for all those businesses
who have to deal with Single Market legislation now when they never sell
a single thing to EU. I forget the actual figure although I have posted
it before, but that is something like 90% of UK firms.
It was claimed as 90% of GDP, but actually it is 42%.
I did not make any such claim and instead assert that it will help in
the order of 90% of businesses, businesses who employ almost everyone in
the UK.
But where have you got that figure from?
43% of all our EXPORTS go to the EU and 56% of our IMPORTS are from the
EU (2016) but that is not a measure of GDP and if I have my millions and
billions right, our GDP in 2016 was £1,939,637 million while our exports
to the EU in 2016 were £240,000 million.
I make that around 12%.
I appreciate that I am mixing apples with oranges because GPD is a
different measure to the value of goods sold but it gives the idea that
your figure is way too high - surely - and it makes the 90% claim look
much more likely to be in fact correct.
Post by R. Mark ClaytonObviously smaller firms (e.g. local electrical shop) are unlikely to trade direct with EU and may be more numerous. OTOH now if they sell say a kettle it won't need a CE mark, but a BS1363 mark instead (or more likely as well).
90% of businesses, most of which are indeed small, but they employ
almost everyone.
As Kat was saying in another thread - it is a balance between business
profits, workers wages, consumer prices and we should probably add to
that the tax receipts to government.
Post by R. Mark ClaytonPost by YellowI will therefore weep less for them.
They are already paying more for imported items from wholesalers and this is squeezing their profits too - maybe they will lay off their Saturday sales girl / boy...
Small businesses who do not export to the UK benefit from leaving the EU
- why will you not accept that?