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[maxk] 16/9/2018 12:22

You'd have to up the social to pay for the fat tax.

[chestnuts] 16/9/2018 12:17

Fire place
during the war Britain had rationing, and people in genral were several stone lighter, should we return to that or tax food so its so expensive for everyone you tell me which is the fairest way of reducing our nations obesity, the fairest is a fat tax.

[mroalan] 16/9/2018 12:16

Beeks,i,m prepared to listen.

[mount teide] 16/9/2018 12:12

chestnuts - something needs to be done because the situation is unsustainable - of the 185 Nations to take part in a obesity research project not one Nation over the last 35 years has even been able to slow down the rate of increase in obesity, never mind stabilise or reverse it.

Most people would be astonished to find out how long it would take them to burn 100 calories on a indoor running machine.

A 9 stone woman on average burns 65 calories per mile walked.

A small 200gm/7oz bar of chocolate has circa 1,100 calories!

That 9 stone woman would have to walk 17 miles to burn off the chocolate bar.

[beeks of arabia] 16/9/2018 12:06

You are right there, you have no idea.

[fireplace22] 16/9/2018 11:46

That'll keep the Human Rights Court busy.

[chestnuts] 16/9/2018 11:30

Mount

There is one tax i would put in place is a fat tax, people would change then change. Taxing fatty food or sweet things does not effect any thing its just a way of collecting more tax. There would be scales every where and you would pay on the weight to height ratio. I am surprised Ryan air as not implemented this. Especially as they charge you for luggage

[mount teide] 15/9/2018 21:36

It should not be forgotten that back in 1980, the nine nations then in the EU accounted for 30pc of global gross domestic product – measured by purchasing power parity, adjusting for prices.

Today, although the EU now has three times more member states, its world GDP share has plunged to 16pc.

The Commonwealth has fared differently. In 1980, its members made up 15pc of the global economy. Today, the figure is 18pc with no new members joining over the last 38 years.

Boasting numerous fast-growing emerging markets and spanning five continents, the 53-member Commonwealth will play a major role in the future of the world economy.

This historic group is often derided as a throwback to an era of pith helmets and waxed moustaches. Yet, having more than held its own as the West has dramatically declined, the Commonwealth now outranks both the EU and the US in terms of global market share – and there’s much more to come.

Why? Because demography is destiny. The EU has shrunk dramatically in relative economic terms, as its population profile is getting much older. The Commonwealth, in contrast, home to a third of the world’s population and two fifths of those under 40's, is primed for massive future growth.

Those who scoff that Commonwealth nations are geographically distant ignore how global trade has changed. Almost total and continuous connectivity has slashed the cost of commu­nications and information transfer inside global value chains. That’s upended world trade patterns, making old trade-bloc thinking increasingly irrelevant. The Commonwealth is “the future” because, in this con­text, countries with a common language and legal code, strong cultural affinities and blood ties can thrive when they trade.

A study by McKinsey Global Institute found that soaring trade flows of data and information, connecting this new world of fragmented and dispersed production, now generate more economic value than the WHOLE of global trade in physical goods. This is a crucial shift to grasp, not least for a hugely services-oriented economy like Britain.

Source: Liam Halligan / Economist

[alphorn] 15/9/2018 21:24

MT - please re-read my post on ITP and DTA's.

I can tell you that major UK groups use these too but we don't talk about that. We are not talking about peanuts for these guys!

[mount teide] 15/9/2018 21:18

alphorn - no, ultra low UK taxes because the overwhelming majority of the profit is routed through their Luxembourg and Irish tax havens where they have special circa 1% corporation tax deals - there are currently 400 multi nationals operating in Luxembourg.

And guess who set up the 1% tax haven for the multinationals in Luxembourg? Step forward the wire tap king ex premier of the Country, one Mr Junker - no wonder the multi nationals moved heaven and earth to get him installed as the new unelected EU Commission President to carry on the good work for them.

[mount teide] 15/9/2018 20:55

1 - Economics - Like many private sector economists such as Liam Halligan and Roger Bootle who were right about most of the major economic decisions of the last 20 years such as the Euro, i believe Britain’s long-term growth trajectory is higher outside the EU – since it will allow us to trade more competitively with the rest of the world.

Just 12% of UK GDP comes from the EU. If it drops to 10% for a couple of years, so what? We get our Country back and the ability to trade competitively with the 85% of the global economy that is growing much faster than the sclerotic EU as a result of its high cost protection racket single market.

Roger Bootle considers an Atlantic version of the Singapore model as the one we should be aiming for when we leave the EU - not least because it petrifies the highly protectionist EU.

The EU fears we will become an Atlantic version of Singapore - Roger Bootle



Singapore is sometimes used as a shorthand for a low-tax, free-trading future, and with reason. Between 1950 and 2015, Singaporeans went from earning 48% of what Britons did to earning 194%. It is often forgotten that Singapore’s miracle followed an ill-tempered break from a larger neighbour – a break that forced Singapore to create enterprise zones, cut taxes and open its economy to the world.


2 - Sovereignty

What Sovereign Nation today in their right mind would want to join the EU? Other than an Eastern or Southern European economic basket case looking for huge cash handouts and hundreds of highly paid EU 'jobs' for its political and bureaucrat elite.

Tell the US electorate that from next week they were going to be Governed by 28 unelected Latin Americans based in Caracas, who had sole authority to make US Laws and that the US would now have a completely open border allowing the free movement of 625 million mostly dirt poor South Americans, and be joining a high cost protection racket single market that hugely inflates the price of food and other essential items, and they would think you were completely mad.

Wherever you look in the EU institutions and its 'pooled sovereignty' every effort has been made to remove any trace of democracy:

The three EU pillars are:

The European Commission - it is entirely appointed - there is no democratic element

The Council of Ministers - Decision making in now almost entirely made by qualified majority voting. The UK has 29 votes while Malta has three - that means per head of Maltese population they have 15 times more influence in the Council of Ministers than the UK population does.

The European Parliament - the Maltese are 10 times better represented than the British per head of population.

What sort of a democracy is that? Its not one person one vote but, a totally gerrymandered voting system to fully support the federalist political objectives of the European Union.

3 - Immigration - 'Furthermore, we will need more non EU workers, to replace the ones that we lose and cannot do without.'

Nonsense - the UK has a serious productivity problem. Why? Because rather than invest in high technology to raise productivity, the tax haven multi nationals that have 30,000 highly paid lobbyists based in Brussels and the farming industry prefer to choose to employ minimum wage eastern europeans in many of their UK operations because these people are massively subsidised by UK taxpayers.

Give businesses large tax breaks to invest in productivity raising technology and as in the USA go after the direct recovery from multi nationals of all taxpayer funded benefits paid to its low wage employees and the situation will soon change.

'leaving the EU will only leave us MORE exposed to security risks' - Nonsense - Like Australia and Japan the UK can control its borders extremely easily if it chooses to do so - since we have an extremely effective natural border that takes no prisoners called the English Channel and North Sea, which means everyone who comes in and out does so through either an air or sea port.


4 - 'Nobody voted to get poorer' - how wrong can you be?

George Osborne threatened the UK electorate with the prospect of eyewatering tax rises and said that savage spending cuts would need to be implemented immediately following a NO vote.

He said he would have to slash public spending and increase taxes in an emergency Budget to tackle a £30bn "black hole" if the UK votes to leave the European Union. In a series of government warnings about the consequences of a vote to leave, Osborne shared a stage with his Labour predecessor, Lord Darling, setting out £30bn of "illustrative" tax rises and spending cuts, including a 2p rise in the basic rate of income tax and a 3p rise in the higher rate.

They also said spending on the police, transport and local government could take a 5% cut and the ring-fenced NHS budget could be "slashed", along with education, defence and policing.



And do you know what, the British electorate said okay we'll take all that on the chin if this is what is required to take back our sovereignty, and control of our laws, borders and trading arrangements from unelected third rate, self serving bureaucrats in Brussels.

Some two years later we are still waiting for our much publicised "emergency budget"!

[brucie5] 15/9/2018 20:25

LR2, indeed, it's clear we won't change each other opinions, but I think the economic consequences might. Your 6% of businesses is likely to be a gross underestimate, because from labour to supply chains we are highly intertwined with the EU. Nobody, I think, voted to get poorer, or for disruption to services, or shortages. If any of the above come pass, as they might do on the back of a hard brexit, you may hear a significant unrest from those who thought they were voting for an improved state of affairs. And if, as is more likely, we get a soft brexit, we will most likely remain rule takers, as Boris rightly points out.

But odd that you should have voted with such a scallywag, when you must be fully aware of his record on lying and deceit...

I guess we get the politics we deserve. I wish you well. Let's come back in year and see what your vote has achieved, particularly for your kids' future, if you have any. Ultimately, we probably want the same things.

[alphorn] 15/9/2018 19:31

Brexit is a bit like the Titanic. Unsinkable, but we shall have to wait and see with Brexit if we hit an iceberg. Maybe, maybe not.

Views are intrenched and unlikely to change.

[brucie5] 15/9/2018 15:06

The trouble is, to maintain your case that Remainers are hoodwinked or self-interested or otherwise blinded by their infatuation for the EU, you'll have to keep trashing a lot of highly reputable people. Weight of opinion, whether economists or business people think you've got it wrong - and dangerously so. Which is why I find it so concerning that MT's angry-talking-old-man finds education and educators such a natural enemy.

But Gove gave you the script when he decried 'experts': of course he was just about to fall out with his henchman Boris over the leadership of the Tory party. Like ferrets in a sack. Boris is now so tainted by lies that he has most probably scotched all hopes of taking the keys to no. 10; and Gove is variously distrusted and loathed, not least by his fellow Brexiteers, since he has decided to take the Chequers 'shilling'. Hmm. I wonder why he's done that.

Not great company to find yourself among.

[grannyboy] 15/9/2018 14:41

ANOTHER WELL SAID MOUNT TEIDE(68475)...

Martin Lewis might be one of the most trusted by the UK public(but notice, it didn't have any effect on how people voted or felt), but that does not say much for the rest of the So called 'experts'...and maybe he was blinded by the fact he could have been(still is) a remainer..Like a lot of remoaners all they see is monetary value..

And when they shout the eu is our largest trading partner, yes but a fast reducing one, where THEY sell more to us than we do to them, to the tune of around £80 billion..

[brucie5] 15/9/2018 14:29

Well, I think you characterise the problems that we face. As Martin Lewis said in the run up to the referendum, when he was deemed the person most trusted by the UK public to opine on the benefits of membership, EU is 40% bad and 60% good. Easy to dwell on the 40%, which you now have no power to change. And almost inevitably, you will end up being subject to many of the very regulations you hate, simply in order to be able to trade with your largest partner!

But that's to reflect the complexity of the issue, and I don't think Brexiteers, any more than Mr. Trump, beloved by a fair number of them, like complexity!

[mount teide] 15/9/2018 13:30

There are no near term term consequences just the made up fantasy masquerading as project fear disingenuously put out prior to the referendum and subsequently by our Remainer PM, her hand picked remainer cabinet, and the fanatically pro EU Treasury, Whitehall, HOL and their propaganda arms at the Guardian, BBC, FT and Channel 4, who are working hand in glove with Merkel, Barnier and Drunker to deliver BRINO at best - which is not what the UK electorate voted for.

Recently, European Commission President Jean-Claude Juncker, blamed the Brexit vote on 40 years of lies and the lies of ‘Leave’ campaigners. Juncker is correct in one sense, there were many lies during the EU Referendum campaign, however these lies were from the ‘Remain’ side. The so-called lies from Leavers have largely been a figment of the fanatical federalist’s imagination.

The UK gives the EU a gross contribution of £350 million a week. This is not a lie, and it is an amount which could be spent on the NHS if the UK Government so wished. These are usually touted as lies, but this stems from the supposedly highly educated ‘Remain’ campaigners being unable to tell the difference between the words ‘gross’ and ‘net’ as well as the difference between the words ‘could’ and ‘will’.

In reality the lies came from the ‘Remain’ campaign.

European Council President Donald Tusk, said western political civilisation would be destroyed if the UK voted ‘Leave’. As I am sitting here writing, and as you are currently reading this, it is safe to say western political civilisation has not ended. Therefore, we must conclude this was a ‘Remain’ lie.

David Cameron implied in a speech about the “serried rows of white headstones” that World War 3 would be upon us if Brexit occurred. The last time I checked the UK had not invaded Poland or any other country, and therefore we must conclude this was a lie.

George Osborne predicted eyewatering tax rises and savage spending cuts would be implemented immediately following a NO vote. To date, no changes to the planned tax rates or public spending have been implemented. So, another lie, and thankfully after his sacking Osborne is no longer in a position create his extreme ‘punishment budget’, which British voters actually VOTED for!

Despite Anna Soubry’s claim to the contrary on a recent Question Time appearance, Remainers did suggest there would be an immediate Brexit recession. No recession to date, in fact the UK economy has performed amongst the best of the G7. Even Mark Carney, the Governor of the Bank of England changed his tune after his dire forecasts for the UK economy posts a NO vote were subsequently exposed as completely wrong. Lie number four.

3 million people in the UK will lose their jobs was the fictitious figure banded about. However, employment has risen by over 500,000 to a record level. Another lie.

“A dangerous fantasy” is how Nick Clegg described Nigel Farage’s claim of EU plans to create an army. Barely three months on from the Referendum, Juncker had proposed an EU Army and British troops today in Europe are wearing EU insignia. I'm looking forward to Nick Clegg’s next apology video like the one he made after his last whopper.

We were told companies would leave the UK in their droves, especially in the car industry. There was no sign of this, with UK car manufacturing going on to achieve further strong growth, with production passing one million units in seven months for the first time in 12 years. Lie number 7.

David Cameron said he wouldn’t resign as Prime Minister if he lost the Referendum vote. Enough said.

The former Prime Minister also tried to claim the UK could manage its immigration policy while inside the EU. Why are ‘Remain’ campaigners insisting we start to control immigration in any Brexit deal then? Because we cannot control EU immigration now, proving Cameron was lying.

Universities wanted the UK to remain in the EU because leaving would result in Horizon 2020 funding disappearing. Our new Chancellor, Philip Hammond, has agreed to keep this funding in place. Lie number 10.

This is 10 of many lies spouted by the ‘Remain’ campaign during the EU referendum. It is about time us Brexiteers challenged this ridiculous narrative of leave lies and remain truths. We voted ‘Leave’ for control over the laws, borders, money, courts and fishing waters of this country, and the ability to get rid of those governing us via the ballot box, so the hugely patronising suggestion we are gullible idiots is quite frankly ridiculous.

Remain campaigners should look in the mirror if they want to find a liar. The sooner we Get Britain Out of the EU, the better.

Enough lies to embarrass Robert Mugabe or a New York Mob Boss And STILL they could't win ! Why? Because the British people had mostly decided decades ago what they would do given the chance to have a say on their future relationship with the unelected bureaucrat run federal superstate - you have to admire their patience to sit seething quietly as they waited for decades for someone like Nigel Farage to come along and provide the political circumstances to give them their chance; something the self serving liberal establishment and two major parties moved heaven and earth to prevent for 43 long years because they knew what the answer would likely be.

[alphorn] 15/9/2018 13:29

So what, I wonder, is it really for?

Answers on a postcard.

This whole issue will provide the basis for economic and social theses for decades to come.