Dear Leavers, after no deal and next GE how would you spend a Brexit Bonus?

[Neome]

And which party (or coalition) would give you that manifesto?

As you won the referendum this scenario is possible.

I'm wondering how you see things changing.

There won't be one. Chris Grayling has already spent most of it, and the rest will go to JRM's mates in tax breaks.

But if there were one, I'd prioritise sorting out funding for schools and colleges.

"Brexit is costing $1Bn a week, or $6M an hour."

edition.cnn.com/2019/03/22/business/brexit-uk-economic-damage/index.html

I’d put it towards reducing the deficit and establishing a low tax environment to encourage investment.

We need investment and jobs, the EU was not delivering this in a manner benefiting much of society so we voted out to seek wider trading opportunities with the rest of the world.

Yes for some people the EU did bring these opportunities, but for my friends who set up in business the situation up was such that the opportunities were better on mainland Europe and we were unable to compete. They moved to mainland Europe and took the jobs with them.

Haha ha ha HahA HAHHAHAA!

Thank you for you replies.

May I ask what broad area of business you friends were in Asdf?

What area of business would you expect or hope to have better opportunities?

They are in small scale manufacturing, uk cost of labour was much higher than mainland Europe, combined with much higher costs of living in the uk meant the profits go far further in Europe and each employee adds hugely more value to the business.

If we can reduce our cost of labour and improve profitability by significantly reducing taxation they are quite clear they hope to come back. Outside the eu they would potentially pay lower prices for their materials depending on the tariffs we negotiate which would boost their profit margins but probably not by enough to make up for cost of labour and living.

All that said they don’t expect to return, the cost of living gap is too big to see the figures realistically working out without increasing their profits by five to ten times, having moved from the south east to central France they reckon a pound of profit there buys about as much quality of life as six did before they moved. As such they can live like a king there on the profits, or reasonably comfortably in the uk.

My better half is in pharmaceuticals and feels strongly that a moderate loosening of regulation could draw huge amounts of R&D to the uk above what is currently done.

{My better half is in pharmaceuticals and feels strongly that a moderate loosening of regulation could draw huge amounts of R&D to the uk above what is currently done.}

Which would be OK if they are selling to the UK alone.
If it is for worldwide consumption they need to be certified in the markets they wish to sell to. Profitability takes a big hit having to do this multiple times.

I would take the 'cost of living being so much cheaper in France' with a large pinch of salt. Some things are cheaper, but overall by the time you have taken everything into account it is pretty similar to the UK apart from property prices.

If there was one, I would offer a tax break to employers that offer tele commuting/flexible working with working from home at least one full day a week (a reduced national insurance contribution for each employee that takes up the scheme for example). This would be beneficial for a multitude of reasons:

1. Better for working people who have the option of not commuting if they want to. In particular for those who cannot afford to work in areas where employment is available, those with caring responsibilities and, those with mobility issues.
2. Better for employers, they have reduced costs for office Soave and sick leave as well as increased productive from happier healthier employees and not to mention a lesser tax liability. This money they save could be used to grow their business (this could always be included as a proviso of the exemption)
3. Better for public services. Less commuting means less strain on transport infrastructure as well as a healthier population who find it easier to access work which in turn means less strain on theNHS and unemployment benefits plus the job centres etc which revolve around that.
4. Better for the environment because less fumes and energy in general being extended on commuting.
5. Better for people in deproved areas. Some flexi workers or telecommuters will take advantage of their geographic freedom to purchase affordable housing in deprived areas where they will spend much of their money.

They'll definitely need to reduce the cost of office Soave...

I'm not a Brexiteer. But, if I was, I would definitely buy a unicorn with my bonus. Possibly two. I'm sure the sunlit uplands of a post Brexit Britain could stretch to a bonus big enough for at least two unicorns.

But in a bargain braixment you could get 3 for 2 Pickle and have a very British tricorn (apologies for silliness)

BigFat that's a lovely idea, but what about the famous UK manufacturing sector. Who's employees cannot work from home. It's not going to bring Asd's mates back and dosent really improve the work life of those in manufacturing who tend to be on lower wages and have a tougher time than the office workers who get to work in their pjs once a week while their bosses get a tax break.