SpurMeUp
Les Howe
We're not allowed to introduce rules purely as an incentive for the finance industry (for example) as it would break anti-competition agreements within the EU. Anything like that would need to be approved, and would not be allowed as it could take business away from other EU countries. (I read a great article about this, will look for it)
So whilst we could reduce Corporation Tax across the board, we can't set specific incentives across industries to boost income just for the UK.
Considering some of the UKs largest industries revolve around intellectual property (i.e. law, media, finance etc.) having control such as that could be worth hundreds of billions a year in the right hands (or more).
I don't know why people *wouldn't* want this, what's the downside?
Though, the current idiots in charge make me wonder if this is just a pipe dream.
It's not really complex. To have free trade - a good thing it generates prosperity - you need to have an equal playing field. So the EU has to have some laws and controls to allow the worlds largest customs union to work. It's a great thing - no barriers to trade accross a whole continent. When you ask, who wouldn't want this, it is free trade you should be questioning. Of coure it would be sensational if we could break the rules of the EU and still have all its benifits. That is what Leave promised. We'd have it all. But that ain't the truth. You can't have a free trade area where some get special benifits. We already get a great deal - no Euro, a rebate on what we pay in negotiated by Thatcher, we control far more in the EU than most nations. The EU gives the UK a global platform in a lot of things. Medical laws and regulation for example, much of which is set by us, and then followed not just in the EU, but beyond. This benifits our pharamasuiticals industry etc.
The flip side is a diminished UK with no sway over the global stage, that is fighting to keep its nations (scotland and ireland) together. It would effectively be the end of 'Great' Britian. After centries of global strength we'd be back to a peripheral nation. Remainers are nationalists too. We beleive in the UK too. In a UK that prospers and doens't go backwards.
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