The EU debate - Part III

Yes it can if given enough reason to.

What you are suggesting is that we impoverish ourselves by reducing the benefits of having a foreign company stay on our shores in order to ensure they don't go elsewhere.
I agree that by devaluing the pound and collecting less tax from corporations then we can persuade them to stay by cutting their costs. In return we have to accept we are a poorer country.

 

But under current rules, wether they would or not is academic because at the same time as they're using EU (our) money to encourage companies it mainland Europe, they prevent us using our money to help the steel industry here.

 

But right now, we're paying in to the pot that incentives them out of the UK.

 

I think you are very optimistic if you think our government will help the steel industry when they are allowed to. Do not forget that the UK government vetoed an EU plan to help protect all European steel industries by putting an additional anti-dumping tax of 30% on Chinese steel. The UK also used our money to entice Nissan to Sunderland

 

I agree we are, the aim of the EU is to try and bring up the standard of living in poorer countries. Part of that involves contributions of the wealthier countries.

Sadly for them they balls it up with the Euro project and it needs a drastic re think

 

Perhaps but as it stands, EU rules don't allow it.

 

I saw this sig on a post on a football forum:
"The problem with socialism is that you eventually run out of other people's money."
I liked it.

 

If it was Greece or further afield I can accept it (to a degree) but it was to Poland, and they were argued to have one of the better economies when it was raised before. It's hardly helping a poorer economy.

 

Would that be Indian owned Jaguar and German owned LR?

 

The problem is that the EU doesn't allow countries sufficient flexibility to deal with problems.

 

Why is that important?

 

The Euro plan is theoretically a very good idea for business. Forward planning of imports etc are not subject to exchange rate fluctuations due to speculators gambling with our cash etc
Unfortunately the rules for joining the Euro were not applied correctly in respect of Greece definitely and Italy probably. Much of the Eurozone difficulties can be ascribed to that although without the worldwide financial collapse it may not have been nearly as disastrous. The influx of refugees due to US/UK/ France bombing the crap out of the ME also exacerbates the problems that Greece end Italy are facing now

 

We don't want prestige cars owned by cowboys?

 

Germany own RR and Bentley

 

These traditionally British marques are trading in a global economy - they owe nothing to the UK other than brand identification and wouldn't hesitate to move production and headquarters abroad if it suited them. If it transpires that the UK can no longer offer access to EU markets, & will be further handicapped in gaining access to US markets, what's to keep them in the UK?

 

If you look on youtube, the former Greek finance minister is in interview (I think with Noam Chomski) and he gives an insight into how the EU, and Germany in particular played their part in the mess that Greece became.

He also explains some of the decision making process in the EU works. It's food for thought for some that think the process. as described in the general media has much place in reality.

 

Poland is one of the fastest growing economies precisely because of the support it has received from the EU.

The theory goes that if you improve a countries standard of living then they are more capable of buying your goods. We may never really know as we will have paid in to improve their economy and then left before being able to reap the benefits.

Allowing countries to borrow on the strength of the German economy and then Germany refusing to underwrite the debt it allowed to occur is the most fatal flaw in the Eurozone.

 

So as it's the fastest growing, isn't that job done? Shouldn't they be in the same boat as us, and the subsidies allowed to run out so the money can be spent on the ones that aren't growing?

When did we vote in these socialist manifestos?

 

I find that heartbreaking. The Super Merlin engines they put in Spitfires were built at the RR plant in Crewe, before the planes were assembled in Southampton - now the Germans have bought RR, and the old Supermarine factory in Southampton is a museum.

 

It's contributions to the EU will increase and it's access to funding for deprived areas will decrease.