Quote:
Originally Posted by Damien
When we're talking about stuff like that though how much is £10 or so billion in the grand scheme of things? Didn't tax receipts drop like £200 billion in 2008? A quick Google shows that £25 billion was lost because of a projection error. I don't think we would have to see too much of a drop before we've cancelled out the savings even before we take into account that the headline figure doesn't include the subsidies.
Also the companies that trade with the EU will still be bound by their regulations.
Well as I said I think we'll 'have access'. They can't penalize us under WTO rules. It's if the access is as good as it is now that is my concern. |
Which is what I meant - right now all UK businesses are bound by rules regardless of whether they trade with the EU and that must impose additional costs etc. which those who don't trade with the EU would otherwise be free of making them more competitive.