The UK Politics and EU Referendum thread - merged

[Jon MW]

...
Can't really spin no deal as a positive economically I am afraid. One of the reasons why most people* are so desperate to avoid it

* unless they are disaster capitalists, or very keen to leave before new EU taxation laws in January hurt them personally

Am I missing something about the new EU taxation laws?

Because I've read them and they very much seem targeted at multinational companies with multiple centre's of operation - which doesn't really seem to fit in with the type of business arrangements that many high profile Brexiteers have.

i.e. they seem like they're trying to cut down on Starbucks and Apple avoiding tax rather than Hedge Funds and individuals - but tax is a pretty complex issue so happy to know if anyone has a more in depth view on where this theory comes from.

[typhoon13]

we are a net importer from the UK (for example The EU, taken as a whole is the UK's largest trading partner. In 2018, UK exports to the EU were £289 billion (46% of all UK exports). UK imports from the EU were £345 billion (54% of all UK imports)).. net negative for our economy for sterling to crash

Still no sign that they need us more than we need them as postulated in 2015,2016,2017,2018 and 2019 by leavers, erroneously.

Much lower standard of living for people if inflation soars (wage growth will lag, so wages don't go as far, this in turn affects domestic sales etc)

Can't really spin no deal as a positive economically I am afraid. One of the reasons why most people* are so desperate to avoid it

* unless they are disaster capitalists, or very keen to leave before new EU taxation laws in January hurt them personally

Yeah we know all that

Just for confirmation I said "That would be fine for our companies that want to export"

[BigAdz]

...
Can't really spin no deal as a positive economically I am afraid. One of the reasons why most people* are so desperate to avoid it

* unless they are disaster capitalists, or very keen to leave before new EU taxation laws in January hurt them personally

Am I missing something about the new EU taxation laws?

Because I've read them and they very much seem targeted at multinational companies with multiple centre's of operation - which doesn't really seem to fit in with the type of business arrangements that many high profile Brexiteers have.

i.e. they seem like they're trying to cut down on Starbucks and Apple avoiding tax rather than Hedge Funds and individuals - but tax is a pretty complex issue so happy to know if anyone has a more in depth view on where this theory comes from.

I feel like Tighty has become the Sunday Sport of Blonde. Sensationalism is the key.

[engy]

Personally think that's wide of the mark Adz/ comparing tighty to the sport, he puts decent content and links up daily

[teddybloat]

trade deficits aren't necessarily a bad thing.

it merely means we are buying in goods that are cheaper or of a higher quality than we can produce here. when we send sterling out into other counties it will usually find it's way back through savings and investments in the UK.

why we would be inherently better of by making things we have no comparative in escapes me.

we will be fine post brexit. business will get done. trade will continue to improve our lives, even if the short term is turbulent.

[Doobs]

Breaking

The Greater London Authority has referred Prime Minister Boris Johnson to the Independent Office for Police Conduct for  a possible investigation into whether he committed misconduct in a public office in connection to his friendship with American businesswoman Jennifer Arcuri.

Have you looked her up, she comes across like him; all bullshit, no sustance.

Here are her companies

https://beta.companieshouse.gov.uk/officers/3BeQkJuV6DnuXTZfRDaXFMqaI1Y/appointments

Analyse the comany's accounts.

Here she talks about what playbox does.  #Invalid YouTube Link#  Given that the company didn't seem to spend any money, and was shut down rapidlly, then it is probably safe to assume it was just hot air.

Innotech seemed to fair better  https://www.youtube.com/channel/UCrnAvaaWwyQ9iksLPM_0ZuQ.  But wtf was Boris doing rocking up to so many of her presentations?

But look at the balance sheet in the 2018 accounts

https://beta.companieshouse.gov.uk/company/08424712/filing-history

Note they had to restate their accounts in 2017.  Seems they owed £360,000 at the time and not £180,000.   

finally Hacker House

https://beta.companieshouse.gov.uk/company/09678695/filing-history

Look at what happened between 2017 and 2018.  That is some related party transaction in the 2018 accounts.  What do you make of that?  Lending a barely functioning company £700k seems an odd thig to do?       

Nothing to see here. 

Hot off the press...

https://www.theguardian.com/politics/2019/sep/28/boris-johnson-jennifer-arcuri-loan-hacker-house-grant


New revelation about Hacker House entrepreneur as prime minister heads to Tory conference

Jennifer Arcuri, the entrepreneur whose friendship with Boris Johnson is the subject of a police watchdog investigation, loaned more than £700,000 to her own fledgling technology company shortly before it won a £100,000 government grant.

One person who knew Arcuri was “stunned” to learn that company accounts show her loaning Hacker House £713,354 last year. Other firms set up by Arcuri are in the red or have been dissolved. Her main company, Innotech Network, has negative assets of more than £350,000...

[StuartHopkin]

Breaking

The Greater London Authority has referred Prime Minister Boris Johnson to the Independent Office for Police Conduct for  a possible investigation into whether he committed misconduct in a public office in connection to his friendship with American businesswoman Jennifer Arcuri.

Have you looked her up, she comes across like him; all bullshit, no sustance.

Here are her companies

https://beta.companieshouse.gov.uk/officers/3BeQkJuV6DnuXTZfRDaXFMqaI1Y/appointments

Analyse the comany's accounts.

Here she talks about what playbox does.  #Invalid YouTube Link#  Given that the company didn't seem to spend any money, and was shut down rapidlly, then it is probably safe to assume it was just hot air.

Innotech seemed to fair better  https://www.youtube.com/channel/UCrnAvaaWwyQ9iksLPM_0ZuQ.  But wtf was Boris doing rocking up to so many of her presentations?

But look at the balance sheet in the 2018 accounts

https://beta.companieshouse.gov.uk/company/08424712/filing-history

Note they had to restate their accounts in 2017.  Seems they owed £360,000 at the time and not £180,000.   

finally Hacker House

https://beta.companieshouse.gov.uk/company/09678695/filing-history

Look at what happened between 2017 and 2018.  That is some related party transaction in the 2018 accounts.  What do you make of that?  Lending a barely functioning company £700k seems an odd thig to do?       

Nothing to see here. 

Hot off the press...

https://www.theguardian.com/politics/2019/sep/28/boris-johnson-jennifer-arcuri-loan-hacker-house-grant


New revelation about Hacker House entrepreneur as prime minister heads to Tory conference

Jennifer Arcuri, the entrepreneur whose friendship with Boris Johnson is the subject of a police watchdog investigation, loaned more than £700,000 to her own fledgling technology company shortly before it won a £100,000 government grant.

One person who knew Arcuri was “stunned” to learn that company accounts show her loaning Hacker House £713,354 last year. Other firms set up by Arcuri are in the red or have been dissolved. Her main company, Innotech Network, has negative assets of more than £350,000...

All pretty standard for these tech companies no?

Raise investment, blow investment, see what happens?

Hopefully 1 out of 20 companies work?

Not saying it's the right way to do it, but it seems to be the way a lot do it these days.

[TightEnd]

...
Can't really spin no deal as a positive economically I am afraid. One of the reasons why most people* are so desperate to avoid it

* unless they are disaster capitalists, or very keen to leave before new EU taxation laws in January hurt them personally

Am I missing something about the new EU taxation laws?

Because I've read them and they very much seem targeted at multinational companies with multiple centre's of operation - which doesn't really seem to fit in with the type of business arrangements that many high profile Brexiteers have.

i.e. they seem like they're trying to cut down on Starbucks and Apple avoiding tax rather than Hedge Funds and individuals - but tax is a pretty complex issue so happy to know if anyone has a more in depth view on where this theory comes from.

I am happy if you show me I am mistaken, but my understanding is the ATAD (Anti Tax Avoidance Directive) coming in from Jan 2020 closes off tax avoidance schemes for those in all member countries whether they be personal or corporate. I also think I read that it gets into the area of trusts too.

[TightEnd]

Nigel Farage never oversteps the mark

Police investigate Farage vow to 'take knife to civil servants'

https://news.sky.com/story/police-investigate-nigel-farage-vow-to-take-knife-to-pen-pushers-11821630

[TightEnd]

Excoriating column from the brilliant Marina Hyde

Stirring up civil unrest will lead ti....


https://www.theguardian.com/commentisfree/2019/sep/27/tories-dominic-cummings-people-v-parliament-election?CMP=share_btn_tw

[TightEnd]

a number of what happens next articles about

"What are the prospects for a deal on the Withdrawal Agreement at the European Council? If they’re close to zero, as many expect, what happens next?"

https://www.rte.ie/news/analysis-and-comment/2019/0927/1078626-brexit-supreme-court/

[TightEnd]

“Getting Brexit done” won’t solve anything: Chaminda Jayanetti for Indy Voices

https://independent.co.uk/voices/brexit-leave-remain-second-referendum-no-deal-final-say-a9124241.html

[TightEnd]

Government claims Boris Johnson’s referral to the police watchdog was "politically motivated"; City Hall staff hit back, stressing monitoring officer is "impartial" (and worked for Johnson previously)

(in practice of course it might be both politically motivated and a genuine issue...)

https://www.thetimes.co.uk/edition/news/johnsons-friend-was-no-fan-of-leaving-eu-t0ntw2xmn

[TightEnd]

Yesterday had another (12 pt) poll lead for the Conservatives

Of the last 40 polls Labour have not led in 1

Their last lead outside the margin of error was in July

What if the Boris strategy is working?

https://amp.theguardian.com/politics/2019/sep/28/tories-hold-12-point-lead-over-labour-in-latest-poll

[StuartHopkin]

...
Can't really spin no deal as a positive economically I am afraid. One of the reasons why most people* are so desperate to avoid it

* unless they are disaster capitalists, or very keen to leave before new EU taxation laws in January hurt them personally

Am I missing something about the new EU taxation laws?

Because I've read them and they very much seem targeted at multinational companies with multiple centre's of operation - which doesn't really seem to fit in with the type of business arrangements that many high profile Brexiteers have.

i.e. they seem like they're trying to cut down on Starbucks and Apple avoiding tax rather than Hedge Funds and individuals - but tax is a pretty complex issue so happy to know if anyone has a more in depth view on where this theory comes from.

I am happy if you show me I am mistaken, but my understanding is the ATAD (Anti Tax Avoidance Directive) coming in from Jan 2020 closes off tax avoidance schemes for those in all member countries whether they be personal or corporate. I also think I read that it gets into the area of trusts too.

.
These are all closed already Tighty with the Anti GAAR (a few years back) and Loan Charge rules (April 2019)