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EU referendum/Brexit discussion - Part 1


gadgetman

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There would be a certain irony in people who hate the EU, using EU legislation to demand to leave.

Much like UKIP MEPs taking the money then refusing to do their job properly.

 

There are so many ironies that it is side splitting.

 

How about that, due to the 20% fall in the UK currency, we are actually paying millions of pounds more in to the the EU coffers as, until the UK leaves the EU, three quarters of all customs duty that is collected on imports is passed over the the EU as part of the single market, we keep a quarter, was 10%, for the admin of.

 

Inflation looking to lift off as we have seen this week.  This will affect the rises given to social security etc as this is fixed in November I recall.  Inflation to 3% by next year.  The pay rise we hope to get is informed to us in April so be interesting to see what we get in this rapidly rising inflation environment.

http://www.oxfordeconomics.com/my-oxford/publications/346528 

 

But then we are expecting to be very busy with the results of BREXIT ie dealing with effects of higher import prices and preparing to install systems for doing nearly twice as many customs entries! 

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Theresa will get us a rebate and likely a better one than Call me Dave did.

 

& the UK is doing pretty damn well on moneys coming into the UK for many projects.

The BBC 2 programme last night on Who by & how the Billions are spent in the UK was interesting.

Some would say spent others would say wasted in paying out on contracts to be part of the gravy train.

Pricewarerhouse Coopers is doing rather well in Consulting on how to cut back public spending,

then all the other companies making huge profits from austerity.

Edited by Offski
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due to the 20% fall in the UK currency, we are actually paying millions of pounds more in to the the EU coffers as, until the UK leaves the EU, three quarters of all customs duty that is collected on imports is passed over the the EU as part of the single market, we keep a quarter, was 10%, for the admin of.

When we leave the EU and we are charging more import duties than in the single market we get to keep all of the taxes! Bonus!

Is the customs software so antiquated that it can't handle some more inputs?

Edited by moley
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When we leave the EU and we are charging more import duties than in the single market we get to keep all of the taxes! Bonus! Is the customs software so antiquated that it can't handle some more inputs?

Absolutely. The UK government will do very well out of increased tax revenue. The UK consumer punter not so much.

The specialist customs software houses have quite scalable products written in SQL rather been previously written in FoxPro and so systems have hundreds or even thousands of users is no problem. More the issue is the Government system called CHIEF, Customs Handling of Import and Export Freight, is antiquated ie a quarter century old for the time of the Single Market creation. I was invited to a meeting with Customs at their Southend HQ a year or so ago and we ran thru many of the issues. We try and help out by running the releases from customs warehouses in the quieter times of the day etc. CHIEF 2 is suppose to be launched on Jan 1st 2018 and I can imagine their will be frantic planning for upscales with the anticipated 80% increase in customs entries due on April 1st 2019. We will need more staff to do this work as part of it is still quite manual although I am forever progressing more automation of this process as is my role.

Edited by lol-lol
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I was just curious after hearing the headline inflation (now deemed to be the CPI and not the previously use RPI) just what the RPI was now the CPI has hit 1%.

 

Answer is 2%

 

Wow.   https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/sept2016

 

Wage inflation was/is 2.3% so the stats have also reported but how many more months until inflation outstips wage growth percentages? 

Edited by lol-lol
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I was just curious after hearing the headline inflation (now deemed to be the CPI and not the previously use RPI) just what the RPI was now the CPI has hit 1%.

 

Answer is 2%

 

Wow.   https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/sept2016

 

Wage inflation was/is 2.3% so the stats have also reported but how many more months until inflation outstips wage growth percentages? 

 

For many of us inflation has outstripped wage growth percentages for many years - but that's the private sector for you...

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For many of us inflation has outstripped wage growth percentages for many years - but that's the private sector for you...

 

Sorry to hear that and the figure is an average which contains, no doubt a range and they do not publish the standard deviation of the figures.

 

Are you saying the Private sector has outstipped the Public as that was my current assumption with the Government trying to limit the public sector cost and that of their pension now that is linked to CPI rather than RPI to reduce the potential/future liability?

 

Sectors vary but wages, in my limited experience, in the private sector has kept paced with inflation.  I think it is appears to be regional as well with the SE continue to get much of the uplifts and, despite the Northern Power House story, not getting the investment and growth?  This appears to come through in House prices as well.

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Nope – I’m actually suggesting that the public sector has probably generally outstripped the private sector in keeping up with inflationary rises.  Yes there have been pay freezes in the public sector but in my experience many public sector employees have still benefitted from rises associated with length of service / previous wage agreements etc. that are not generally in place in the private sector.

 

I’m sure some on here will argue the above but I can’t recall ever getting something similar in the private sector, where pay rises are generally a result of taking on additional responsibility etc. or performance and are not in any way linked to an industry agreement or inflation.

 

Your comment re pensions is also interesting as it shows the dichotomy of different points of view.  Nearly all private sector pensions moved away from final salary / defined benefits many years ago so even if public sector pensions are linked to CPI rather than RPI they are still in general massively better than those of the private sector.

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Nope – I’m actually suggesting that the public sector has probably generally outstripped the private sector in keeping up with inflationary rises.  Yes there have been pay freezes in the public sector but in my experience many public sector employees have still benefitted from rises associated with length of service / previous wage agreements etc. that are not generally in place in the private sector.  I’m sure some on here will argue the above but I can’t recall ever getting something similar in the private sector, where pay rises are generally a result of taking on additional responsibility etc. or performance and are not in any way linked to an industry agreement or inflation.  Your comment re pensions is also interesting as it shows the dichotomy of different points of view.  Nearly all private sector pensions moved away from final salary / defined benefits many years ago so even if public sector pensions are linked to CPI rather than RPI they are still in general massively better than those of the private sector.

 

There are some advantages with Public sector pay and pensions are there are with Private one, which are no longer final salary in the main.

 

Public sector pensions, currently, you cannot start to draw down at 55 usually.  Whilst CPI is crappier than RPI one by-product of the BREXIT vote is clearly that CPI is picking up very quickly and hence Public sector pay and pension values will also pickup as it is indexed to it.

 

Private sector pay and pensions give you much wider choice usually ie where you can put your pension in terms of risk and type of investment.  I choose to configure to bonds/gilts etc so it is very safe, other choose property and stock equity.   Glad to have a Private/Public split and it is understnading what BREXIT really means as to optimise these elements for the future.    

Edited by lol-lol
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Hammond says Treasury’s EU economic shock analysis 'partially invalid'

 

The chancellor has said controversial Treasury analysis of the economic shock the UK might face if it left the European Union is now "partially invalid".

It is a significant break with his predecessor, George Osborne, and with what became known by critics of the Remain campaign as "Project Fear".

Philip Hammond said some of the assumptions behind the document - which suggested a significant drop in economic growth - had been superseded by events.

Those close to the chancellor made it clear the models were not wrong for the time, but the circumstances had now changed.

Who'd have thought it..

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Brexit could be halted after Government admits that MPs likely to have final say

http://www.independent.co.uk/news/uk/politics/mps-could-block-brexit-deal-no-10-admits-a7368561.html

The deal that the government agrees with the EU on leaving the EU is likely to be voted on in Parliament. Brexit will start when article 50 is triggered.
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Well this is getting a bit old now 90 pages full of the same repetitive stuff.

 

How about we do something different? Rather than waste time regurgitating political spin why don't we discus what we want to see come from Brexit? We've heard many reasons for voting or not voting Brexit but now that it is a reality what changes do you want to see on behalf of the People?

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lolol

 

And at about 6am on June 24 Britain began a steep decline into the sort of stupidity not seen since L. Ron Hubbard decided we were descended from space lizards.

In the months since that national brainfart we've lost grip on our language, grace, wit and decency. We've only held on to Marmite by the skin of our teeth and seeing as it tastes like sheep droppings that wasn't exactly a win.

http://www.mirror.co.uk/news/uk-news/brexit-means-stupid-who-voted-9078503

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People have wanted the UK to leave the EU for many years and were promised a referendum for years and eventually there was one.

 

The idea of a referendum was so they could vote.

The idea was not to have a referendum where the voters would get their say and if it was leave the UK would stay in the EU.

Well maybe it was, but that was not what they were told, and not what is happening.

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Forget about it it's a non story we have the power end of. Start to realize this and their is nothing we can't achieve.

 

This is kids stuff, if want better you have to go out and take it because these Politicians and those on the take want to keep things the same. Why? Because they are benefiting from the system and they know how to play the game. 

 

Time to smarten up People :).

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The deal that the government agrees with the EU on leaving the EU is likely to be voted on in Parliament. Brexit will start when article 50 is triggered.

Yes, we get a choice between accepting the EU deal or leaving without a deal.

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Forget about it it's a non story we have the power end of. Start to realize this and their is nothing we can't achieve.

This is kids stuff, if want better you have to go out and take it because these Politicians and those on the take want to keep things the same. Why? Because they are benefiting from the system and they know how to play the game.

Time to smarten up People :).

After you then sir, your starter for ten is?

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You've quite a habit of saying "Ah, eh X. There's your problem, right there" haven't you.

 

Yes.

 

But if you quote the Mirror FFS?

 

I used to work in the national newspaper industry..........the Mirror are rabidly left-wing and very, very anti-establishment.

 

Your post links to an article where they label 17,410,742 voters as "stupid"?

In the Mirror's eyes, you can only have an opinion if it agrees with theirs.

 

And if you Google "Robert Maxwell" you'll see exactly how "in touch" with the typical working man they really were.

 

HINT: he stole their pensions.

Edited by SkodaVRS1963
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