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Old 19-10-2016, 21:11   #2118
Ignitionnet
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Re: Post-Brexit Thread

Hadn't seen much of Ashoka Mody's stuff on this. Will have a look. Thanks.

On the corporation tax stuff, good point, no idea how the UK would do if we tried to become a 'tax haven'. I must admit I struggle to see how that'd coincide with rebalancing the economy.

I've seen a couple of approaches on using tax cuts to balance impact ranging from George Osborne's plans to the extreme ones from Madsen Pirie - 0% corporation tax, 0% capital gains tax, flat rate income tax after a tax free allowance of minimum wage.

I'm not sure if anyone's really crunched the numbers but will check that out. Be tricky to see how it could be revenue neutral without huge economic growth as a result.

---------- Post added at 21:11 ---------- Previous post was at 21:07 ----------

In other news the pro-remain Hilary Benn beat staunchly pro-Brexit Kate Hoey to chair the Commons select committee scrutinising exit from the EU 330-209. It was noted by Bloomberg and others that this is an outright majority of MPs.

http://www.bbc.com/news/uk-politics-37707700
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