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Aunt Mei Is Ready To "Get Rid Of Europe"? Britain Will Have A Massive Tax Cut.

2017/1/16 22:21:00 29

Hard Off EuropeBritainTax Cuts

Before the May made a speech on Britain's retreat to Europe, the British government was gradually showing its negotiating position to the European Union. British media reported that British Prime Minister May might announce the "hard European plan" on Tuesday. Second, the chancellor of the exchequer threatened that if the United Kingdom could not win the favorable conditions for entering the EU single market, it would reduce the tax to maintain the competitiveness of the UK.

The British Chancellor of the exchequer, Philip Hammond, warned in an interview with the German newspaper on Sunday that if Britain could not win the favorable conditions for entering the EU single market, Britain would compete with low taxes. Perhaps the strongest hint given by British officials is how to negotiate Britain's future retreat on Europe. But he also rejected Singapore's economic model, saying he hoped Britain would stay in the mainstream of European Economic and social thinking.

When it comes to whether Britain will become a tax haven in Europe, Philip Hammond claims that Britain is objectively a European economy. Most of the British who voted to stay in Europe hope that Britain will remain in the recognized European economy, with European tax system and regulatory system. But if Britain is forced to change, it will become different. economic model

If we are not allowed to enter the European market, if we are cut off, if the United Kingdom fails to reach the market access agreement, but at least in the short term, Britain may suffer economic losses. Under such circumstances, Britain may be forced to change its economic model in order to regain competitiveness. To be sure, we will do whatever we have to do. The British will not lie down and say, too bad, we are injured. We are going to change our mode and participate in it competitively.

In Britain and Europe In the future relationship, Britain wants both free movement of goods and services and restrictions on the free flow of personnel. Is that "cherry-picking"? Hammond responds that it does not think it is "choosy". The goal of Britain is to reach a new agreement on the basis of reciprocity. "We should be able to reach new agreements so that we can enter into each other's market on a reciprocal basis without the political integration implied by EU Member States." Hammond is optimistic about whether Britain can reach a favorable agreement with the European Union in its key industries such as automobile, medicine and finance. He said:

We have complex Pan European supply chains, and many European businesses have very important business and huge sales in the UK. I admit that in the process, there are political red lines between both sides of the United Kingdom and the European Union. I think the right way is to be open to each other's political challenges and recognize the red line of the two sides rather than challenge these red lines. The two sides should explore together whether they can find room in the red line to find a solution that is mutually beneficial to the economy. Britain and the European Union are not so strong in the economy, not so strong growth and employment. We must try our best to reach the best deal to support bilateral economic growth.

The British Prime Minister May will announce that the British government is ready to accept "hard to break Europe" when negotiating with the European Union to return to Europe. In a speech to be released on Tuesday, May will show that she is willing to sacrifice Britain's single market. tariff The Union Member States to end the free movement of population. According to people familiar with the matter, May is considering "hard to get rid of Europe" to quell the suspicion of Optima in her party.

May will return to Europe on Tuesday. According to the daily telegraph, the speech will include abandoning the EU's single market entry qualification and withdrawing from the EU customs union. If May confirms that Britain will leave the single market of the EU and imply that it will withdraw from the customs union, the market expects that the pound will fall. In the first two major speeches of May, namely the speech at the Conservative Party annual meeting in October and the first televised speech on 2017, the pound fell sharply. Simon Derrick, director of marketing strategy at Mellon bank, New York, said the pound may be under pressure early this week. He pointed out that at least one report implied that Downing Street predicted that the pound would fall, but the British government refused to comment on the trend of the pound.

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