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  • Property-a-holics

    What pluses will we gain when we leave EU?

    Ireland is 12.5 % and it's part of the EU.

    To be fair - many people / politicians blame the EU for our own UK failures - (immigration, tax, benefits being 3 hot topics that are completely or deliberately misunderstood)

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    The main benefit of leaving is one of local control. I like to run my own business predominantly because I like to make my own decisions. I like my country, as much as possible to be able to do the same.

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    In two words, very little.

    I don’t see the EU as shackles but rather the largest trading block in the world and feel our economy will suffer regardless of the number of ‘trade deals’ currently proposed.

    However if a trade deal is struck with the US, Australia and parts of Asia perhaps it will be easier to get a permanent visa, although who knows.

    Also maybe we will combat overfishing in our waters when ‘taking back control’ although looking at who is in charge I feel that is unlikely.

    As for the situation with landlords perhaps taxes such as corporate taxes will decrease for the short term to combat sliding into recession, but long term I see it staying the same level.

    Just my two cents.
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    "There's no such thing as a free lunch."

    Paying less tax is always appealing but what services would you like the government to reduce in order to afford it?

    (The amount we pay the EU is small (relative to government spending) and about half comes back in farm subsidies, regional development, science research and similar so using this as the source actually means cuts to those areas; and wouldn't provide much of a tax reduction anyway.)

    Perhaps PAYE and NI could be combined and simplified - providing an administrative saving to business and government alike.  The level of tax could even stay the same and we'd still be better off!  It would be a big change though and complicated to get right.  Hence probably hard to get agreement on!

    Similarly, what EU regulation would you like to see removed or changed?  There may be cost savings, but what will the expenses be for that change?

    For example; currently the UK obeys (and helps control) EU farming and manufacturing standards - these provide access to a market of 500+ million people with (almost) no paperwork.  Changing those regulations might mean farming or manufacturing is cheaper (perhaps also less safe??) but the process of selling/exporting has got more expensive (longer distance, admin heavy and maybe with tariffs).  If people also get food poisoning more often, there would be an increased cost to the NHS (or private insurance) - effects are not always direct, our world is a complex beast.

    Back to the original question though...

    Property is a long term business and in 20 or 40 years time I doubt leaving the EU will have much effect on it either way.  We'll probably have some storms to ride out in the short term but you (DL) have posted previously about being prepared for them.

    In other areas, UK businesses will probably be forced to get a lot more efficient to survive - the UK has been struggling with productivity for a while so this should be good in the end.

    There might also be a side benefit of our government being made to take responsibility for things rather than blaming external entities (that they, used to, have significant influence over).  Many of the things that are current concerns in the UK, the government could already improve while in the EU, if it just had the confidence and desire to do so!

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    The EU has a tendancy to produce "one size fits all" regulations some of which are unsuited for the UK. One example is that to improve standards in eastern european abbatoirs the Eu introduced a regulation saying that all abbatoirs had to have a fully qualified vet in attendance, The Uk had an equally safe system using a special qualification just for abbatoirs, UK vets do not want to do such work, so mostly it is done by eastern europeans. Even so most of our own abbatoirs were shut down as small ones could not afford any vet. So animals and meat has to travel much further.

    Leaving the EU won't fix these problems, at least not immediately. However it will stop the flow of new regulations tht can cause such problems (currently over 300 a year. The EU is motivated to produce these as every area they have regulated becomes theirs to control from then on.

    Most importantly of course it will stop the ratchet towards increasing integration.

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    Some very interesting views on the blogg

    One major plus I see Is The EU has some major problems a lot of the southern states are in huge debt

    I could see great merit in the Common Market when we had major players who all funded the Common Market

    Now we have fringe countries  joining Bulgaria ect who will do nothing but take from the EU

    My own feeling is we are leaving at the right time Germany and France are close to recession 

    Would I want to do business with a partner who is going to be bankrupt No I would not

    Leaving the EU gives us options

    My guess is we will leave with No Deal because the EU are stubborn and being stubborn in business may not be wise 

    The Irish thing is a read herring I know I served there with the army long long ago

    It could not be guarded then even when we had tens of thousands of soiders

    The EU has borders with Non Eu States now Switzerland

    So personally for me as a Common Landlord its business as Normal and I believe most Business Men and Women will just get on with the job

    I recall when we were told if we dont join the Euro the UK would fail 

    well it has not failed now  
    I strongly believe in the UK and I think we will prosper and give it five years and we will wounder what all the fuss was about 

    So pick up your new blue passport and get on with life because thats what I intend to do




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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.

    I look forward to some focus on key political issues outside of brexit:

    • Improvements in education
    • Improvements in the NHS
    • Greater focus on environmental issues
    • Focus on providing equal opportunities for everyone regardless of location or background

    Although I am worried I am going to be asked to eat wonky bananas.

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    In short the mood of the country. In the main those that wish to be self reliant, build wealth, look after their own, want to be an independent soul within a nation, seemed to be those that voted to leave.  Leaving in itself will change very little tangibly , but to my mind gives the opportunity to start to alter the countries future course.
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    Philip what do you mean by 'look after their own'?

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    Primarily kith and kin, but extending to providing care and dignity to the less fortunate in their communities.
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