Fermer X Les cookies sont necessaires au bon fonctionnement de 24hGold.com. En poursuivant votre navigation sur notre site, vous acceptez leur utilisation.
Pour en savoir plus sur les cookies...
AnglaisFrancais
Cours Or & Argent en

Brexit: Worst Case Scenario for EU; Armageddon Promise Now Visible as Pack of Lies

IMG Auteur
Publié le 22 août 2016
1068 mots - Temps de lecture : 2 - 4 minutes
( 1 vote, 5/5 ) , 2 commentaires
Imprimer l'article
  Article Commentaires Commenter Notation Tous les Articles  
[titre article pour referencement]
0
envoyer
2
commenter
Notre Newsletter...
Rubrique : Editoriaux

Project Fear predicted economic meltdown if Britain voted leave. Where are the devastated high streets, job losses and crashing markets?

In other Brexit news, Sweden warns the UK about cutting corporate taxes. How should the UK respond? Who is in control?

What Happened to Promised Armageddon?

The Guardian reports Brexit Armageddon was a Terrifying Vision – but it Simply Hasn’t Happened.

Unemployment would rocket. Tumbleweed would billow through deserted high streets. Share prices would crash. The government would struggle to find buyers for UK bonds. Financial markets would be in meltdown. Britain would be plunged instantly into another deep recession.

Remember all that? It was hard to avoid the doom and gloom, not just in the weeks leading up to the referendum, but in those immediately after it. Many of those who voted remain comforted themselves with the certain knowledge that those who had voted for Brexit would suffer a bad case of buyer’s remorse.

The financial markets are serene. Share prices are close to a record high, and fears that companies would find it difficult and expensive to borrow have proved wide of the mark. Far from dumping UK government gilts, pension funds and insurance companies have been keen to hold on to them.

City economists had predicted an immediate rise in the claimant count measure of unemployment in July. That hasn’t happened either. This week’s figures show that instead of a 9,000 rise, there was an 8,600 drop.

Pack of Lies Clearly Visible

Armageddon fears were purposely over-hyped from the beginning. Now reality has set in.

Project fear backfired. People can easily see what liars David Cameron and the nannycrats in Brussels were.

Project Remain: Where are the admissions “We were wrong?”

Worst Case Scenario for EU

That the UK has gone on as normal has to be one of the wort fears for the nannycrats in Brussels. There is life, not death after Brexit. What country will be next to figure that out?

Some rough times are likely ahead for the global economy, including the UK. But in the long run, Brexit will be a good thing for the UK, which means it will be a bad thing from the point of view of the Brussels.

Sweden Warns U.K. Against Aggressive Tax Cuts Amid Brexit Talks

The nannycrats are now worried that the UK will do something smart, like lower corporate taxes again.

Today, Sweden Warns U.K. Against Aggressive Tax Cuts Amid Brexit Talks.

The U.K. should avoid any drastic steps to cut corporate taxes, or similar measures, as it prepares to start talks on leaving the European Union, Swedish Prime Minister Stefan Loefven said.

If the U.K. wants some time to think about the situation, this will also give EU countries some time,” Loefven told Bloomberg after giving a speech in Stockholm on Sunday. “On the other hand, you hear about plans in the U.K. to, for example, lower corporate taxes considerably. If they, during this time, begin that kind of race, that will of course make discussions more difficult.

Stellar Opportunity for UK to Set Example for the World

By all means the UK should precisely make things more difficult.

Everyone says, Brexit terms need to be negotiated. Actually, the UK can pick up its marbles and go home. Who could stop the UK from doing just that?

On July 11, I wrote Stellar Opportunity for UK to Set Example for the World.

In that post I proposed among other things a recommendation “The UK should preemptively stick it to the EU by slashing its corporate tax rate to 10%, lower than any country in the EU.”

I was unaware at the time that UK chancellor George Osborne had already decided to cut taxes, but by a lesser amount than I suggested.

Precise Way to Start Negotiations with EU Mules: Get France to Piss and Moan

In a follow-up post I wrote Precise Way to Start Negotiations with EU Mules: Get France to Piss and Moan.

Michel Sapin Pisses and Moans

Sapin

First Step in Training a Mule

There’s an old saying “The first step in training a mule is to hit it as hard as you can in the head with a stick.”

I don’t really advise that with mules, but it is the precise thing to do to EU nannycrats.

The first step in training EU mules is to hit them in the head as hard as you can with a stick. Osborne just smacked French and German mules

— Mike Shedlock (@MishGEA) July 11, 2016

Reflections on Clearness

It’s clear that the UK can’t participate in the big decisions involving the EU’s future,” said Emmanuel Macron, France’s economy minister.

Well, it’s equally clear the EU cannot participate in big decisions involving the UK’s future.

And with his plan to cut corporate taxes, chancellor Osborne just hit nannycrat mules in Germany, France, and Belgium in the head with not a stick, but a brick.

Trade War the Right Way

The UK should preemptively stick it to the EU by slashing its corporate tax rate to 10%, lower than any country in the EU.

Set Example for the World

Shed of inane EU rules and regulations coupled with the freedom to do anything it wants, the UK has a golden opportunity to embrace the benefits of genuine free trade and growth via low taxes.

I have often stated the first country that fully embraces free trade, regardless of what any other country does, will come out stunningly ahead.

The UK now has that chance.

Negotiation Progress

#eu Sweden is pissing and moaning along with Germany and France about UK tax rates. I call this progress. Advantage UK in Negotiations.

— Mike Shedlock (@MishGEA) August 21, 2016

I suggest the UK cram it straight down their throats by lowering taxes to 10% right now. This will set proper the negotiation tone  and inform the nannycrats in Brussels who calls the shots.

France and Germany threatened to make things difficult for the UK. But as I have stated all along, the UK, not the EU, has the upper hand in these negotiations.

Import/export math proves the point. The UK imports more from the the EU than it exports to them.

For details, please see “No Cherry Picking” Says Merkel; Risk of Global Trade Collapse says Mish.

The more the EU pisses and moans, the more successful Brexit will be for the UK.

Mike “Mish” Shedlock

 

Source : mishtalk.com
Données et statistiques pour les pays mentionnés : France | Tous
Cours de l'or et de l'argent pour les pays mentionnés : France | Tous
<< Article précedent
Evaluer : Note moyenne :5 (1 vote)
>> Article suivant
Publication de commentaires terminée
  Tous Favoris Mieux Notés  
Sadly, the author is flat wrong.
The UK can never be independent from Europe - the country can't feed itself, and hasn't been able to for at least 75 years. Given that the population is much larger now, means that a fall out with Europe would cause rationing and food shortages along with famine prices being imposed. This was the case when the country was blockaded in the 2nd War - the results would be even worse today. Rather than discussing nebulous concepts such as free trade and corporation tax, we need to know how we'll put the food on the baby's table when the worst happens
During Napolean war there was a major blockad of british ship access to europe. British got is wood from Canada and other colonies.

What your are saying about UK dependency to Europe can be said for almost all European country. In your comment, just replace UK by France.
You can even say, if China was blockade Europe, no one would be able to wear new clothes for a decent price since there is no more manufacture doing clothes in EU. America produce everything UK needs, so UK would just have to do business with Canada, USA, and Mexico. And I'm not talking about country like India or Australia which have good ties with UK.

By presuring Europe with low taxes, Mish is not saying UK will be isolate, he just says it will force EU to negotiate fairly with UK. So UK will be politicaly independent but economically it won't be totally independent from EU. The low taxes will force concession from EU.
Evaluer :   1  1Note :   0
EmailPermalink
Dernier commentaire publié pour cet article
During Napolean war there was a major blockad of british ship access to europe. British got is wood from Canada and other colonies. What your are saying about UK dependency to Europe can be said for almost all European country. In your comment, just rep  Lire la suite
walmarde - 22/08/2016 à 17:08 GMT
Note :  1  1
Top articles
Flux d'Actualités
TOUS
OR
ARGENT
PGM & DIAMANTS
PÉTROLE & GAZ
AUTRES MÉTAUX