Comments by "ZIPZ" (@zipz8423) on "Channel 4 News" channel.

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  22. Achilles, you're not thinking about this in the right manner, each member state will carry out a response tailored to their own needs, if UK tax breaks hurt specific industries in their locales, they would have no choice but to respond, there are a myriad ways they can do this, tax is only one weapon and I think they would be fully prepared to use taxation if we did. In fact, because we would have third country status they can do pretty much what they want, they would target specific sectors, and since the UK is service based, thats where their focus would be. Nobody is talking about across the board changes to taxation rates at blanket levels it would be very specific. You're also forgetting the lowered tax take for UK treasury if we deregulated further which will dent our GDP further still over and above the damage Brexit is going to bring. The trade deficit is overplayed by Brexiters. The EU only exports 10% of its capacity to the UK, we export 45% of ours to the EU, now tell me, who can hurt whom more? That would be your trade war and by the way, we already trade with the ROW. The amount of global trade with the economies outside of the deals the EU currently has with the 27 plus an additional 60 nations isn't that significant..Example, TM was in Africa eyeing the 2% of global trade the African Union take part in.Not very impressive is it. Even If the UK wants to plug into that you'll have to wait until we have completed the deals, that will take an estimated 10 years minimum, so what do we do in the meantime while we are waiting and embroiled in a trade war with the EU? Since you don`t know how long trade deals are going to really take, and because you don`t have a clue what those terms are going to be, I think its wishful thinking to suggest "we will be fine". Its not a solid enough foundation to make positive predictions, if you look at worst case, our pain is going to be generational. Once many large corporations take flight to maintain their CU access, they aren't coming back. Ever.
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