Slashdot Mirror
UK Tech Sector Reacts To Brexit: Some Anticipate Slow Down, Some Contemplate Relocation
In the aftermath of the United Kingdom voting to leave the European Union, UK's technology industry is reassessing its position, with many of them considering moving to a continental location. According to reports, Samsung, LG, and Acer have noted that the UK leaving the EU will affect their operations. From a BBC report:As news of Brexit broke, tech firms including BT, TalkTalk and software firm Sage reported share price falls. [...] "I have concerns that the local market might slow down," said Drew Benvie, founder of London-based digital agency Battenhall. From a report on The Guardian:Britain's financial technology sector is particularly hard-hit, with the prospect of losing access to European markets an unappealing one. "Fintech" has long been one of the UK's most promising growth areas, in part due to London's position as the financial capital of Europe. [...] Not one of the 14 billion-dollar tech firms based in the UK the Guardian asked said leaving the EU would be good for their business.Toby Coppel, the co-founder of venture capital firm Mosaic, said: "The next entrepreneur who's 22 years old, graduating from a technical university in Germany may, instead of moving to London to do their Fintech startup, decide to go to Berlin instead. I think that's one of the biggest concerns I have about the trajectory of the London technical ecosystem."
It's still really up in the air what "leaving" means, beyond "UK not subject to absurd EU regulations".
You can be pretty sure deals will be worked out such that mobility between EU states will be nearly what it was for professionals, doubly so for businesses.
The whole "financial disaster" angle is a load of crap, the pound is already re-stabilizing and didn't fall that far to start with!
"There is more worth loving than we have strength to love." - Brian Jay Stanley
Every bit of damage done now is self inflicted. The UK is still the UK. No country has refused to do business with them. People who are panicking shouldnt be in the finance industry. This is going to make the people who invest very rich when everyone realizes what dumb dumbs they were for dumping their shares.
If I had some cash saved up, I would be drooling at the money I would make by investing in the UK right now. Many a billionaire will be forged from this.
More doomsday propaganda from the spectrum of politics that didn't get its way. Guess which way the BBC and the guardian lean..
Dudes, this is already happening: https://number26.eu/
You go to London if you are either super rich and can afford the super big prices there, or if you want to do super illegal stuff like money laundering or just enjoy being in an unregulated sphere (aka good for illegal stuff).
Berlin is *the* silicon valley of germany, and maybe even of europe. Heard of soundcloud? Its from berlin. Telegram? Berlin (or well mostly). And ofc number26.
I see where slashdot stands on the issue
Oh, more scaremongering? Too little to late. Should have done something about it before the vote.
Captcha: jokers
Pass laws stating they can't transfer their money :)
Is that a joke?
I would like to be the first to congratulate Britain on reclaiming her independence!
~ People that think they are better than anyone else for any reason are the cause of all the strife in the world.
has zero people born in the UK and about sixty people born in the EU, this is going to hurt. The UK economy is driven by people that are not from the UK, even if the vast majority of the the people driving the economy aren't from the UK.
the trouble with Britain and America right now is that there's been 40 years of policy that benefits well educated upper middle class college grads and hurts blue collar workers. The Blue collar guys sucked it down in stride for those 40 years but it sounds like they're at their wits end. They're desperate to do _something_ but they don't know what. They've got a lot of ideology and beliefs that make it hard to go the Scandinavian Socialism route to solve their economic problems and there's no way they can compete on a global stage with slave labor let alone the coming robots. But they've got to do something Britain gets "Brexit" on over here we get Trump.
Not sure about the UK but 20 years ago phone polls would like the upper cast keep tabs on voting patters and focus their political campaigns, but now that everybody has a cell phone and you can't do polling calls to them the old political tricks aren't working. It doesn't do any good to have even unlimited funds if you don't know where to put them and you needed those phone polls to tell you what to do next. So Britain had no idea Brexit was coming (Cameron's resignation showed that) and the US is desperately trying to Stop Trump...
It's gonna get really, really messy from here on out.
Hi! I make Firefox Plug-ins. Check 'em out @ https://addons.mozilla.org/en-US/firefox/addon/youtube-mp3-podcaster/
My theory is that Trump did it. He encouraged the leave vote, and whether or not Brexit was his fault, he's snapping up bargain-priced stocks dragged down in the ensuing panic. Of course, that's pretending he's as rich as he claims and actually has the free cash to play with. If so, he can easily make enough money to pay for his presidential campaign, and he can just tap some of his other assets while he's waiting for the stock prices to recover from the panic. Just one example of a money-making scam based on Brexit. If the Donald is half as smart as he claims, then he could make even more money with a smaller investment from currency speculation on the bounces.
Can you spell "conflict of interest"? The Donald can't.
I think the reality is probably different, but I'm not holding my breath for Trump to release his tax returns so I can find out. I shudder to think it, but if he does become president, we may find out about the real and EVIL power of insider trading by the deepest and most powerful insider ever. We already have sufficient evidence about his business morals, but I also believe it is impossible to make 10% of the money he claims by honest and ethical means.
My analysis is that there are four main groups of Trump supporters: Government haters, Hillary haters, bigots, and racists. The purist government haters are thrilled by the idea of Europe disintegrating and many are even hoping that Trump will destroy the federal government so the US can be disunited. You have to admit that would be great for the international companies racing to the bottom on the backs of the cheapest labor available from the smallest and weakest countries.
Anyway, right now we need international cooperation more than ever, not the Brexit kick in the teeth. Climate change, for starters. The only way I can agree with this vote is if you convince me it is too late and England was right to dash for the lifeboat.
Me? I'm a lunatic clinging to hope for the future of homo sapiens. I even hope that slashdot could get better. ROFLMAO.
Freedom = (Meaningful - Coerced) Choice != (Speech | Beer^2), and sad sock puppets' bad mods avail them naught.
Scotland would be loaded with 130 billion pounds of debt.
PUTIN PIDARAS HAS WON, his funding of rightwing nutjobs paid off
"Toby Coppel, the co-founder of venture capital firm Mosaic, said: "The next entrepreneur who's 22 years old, graduating from a technical university in Germany may, instead of moving to London to do their Fintech startup, decide to go to Berlin instead."
GOOD!
Go to bloody Berlin and allow some of the locals to have a job!?
Globalisation is fan-tastic for a small portion of very highly skilled people. If you're mid-skilled or lower, you are _boned_. Unemployment is up, wages are down.
Sure we can buy a $6 toaster from China and have a website built in India for $300 but your average person is NOT better off. Globalisation is screwing a heap of people.
If you haven't visited Washington D.C. recently you ought to. For our "Servants" in Washington, Money is clearly not an object -- they will drain every drop of blood from every private sector citizen in all 50 states, and derelict all other cities, to make sure they and their patrons are maintained in the style to which they have become accustomed. And then they will extract more. It hasn't taken the leaches in Brussels long at all to build their palaces and award themselves outrageous pay and perquisites. They have to keep up with the "Joneses" in D.C., after all. This UK vote was obviously not according to the Serpants' plan -- neither there nor here. I can hardly believe they didn't just print the money to "accidently" miscount the vote. I'm sure Obama/Clinton would have authorized a loan for that cause if asked. Look to Switzerland for a better idea of how it is possible to be part of the EU for purposes of trade yet still largely sovereign. This is a huge opportunity for the UK to pull itself out of the black hole which has been dragging down their economy for some time. Good for them. Too bad we can't do something equivalent over here.
seriously, go back farming and work the land bunch of goofs
Well, if you would not have any globalization you would have a lot less export/import.. If you produce everything locally that becomes a problem too since the cost for local production is quite high compared to large factories that produce goods for the whole world...
What's screwing people over is if a country has a negative trade balance in goods/services, and it looks like the UK does..
http://atlas.media.mit.edu/en/...
Globalization is not a problem as long as you export the same amount as you import.. It just makes production more economical, allowing for lower prices on goods.
And btw..
Go to bloody Berlin and allow some of the locals to have a job!?
Adding someone that produces something new that would be exported to other places in the world actually creates new jobs for the locals... It's not like he took a job from someone by coming up with a new idea.
I suspect the Asian nations will be pleased with brexit simply because they get access to the British market and goods without the EU getting in the way. Maybe this will be the end of expensive DSLR cameras that are limited to 29'59" of recording because the EU arbitrarily defined 30 minutes or more as a video camera and slapped much higher tariffs on them.
Maybe the next couple years will be time to invest in Britain rather than try to escape. Look at both sides of the possible effects before you jump.
{^_^}
Samsung, LG Acer etc. only have local sales offices in the UK, so they'll still have local sales offices in the UK after exit.
Why have a border? What is the purpose of a border? It is to keep people out because you think they are evil, will drink the milk out the bottle from your fridge, look ugly and smell bad too. Why should poor countries be stuck with keeping the bad people when they would do more damage? At least the richer countries can catch the criminals and jail them or something.
Gotta look out for "your own" .. but is that even moral? Does God value the human life of a person in one country over another? You can allow the deaths of thousands to save a few of your own? How is that moral?
Why would you lock yourself out of interacting with foreigners? That will only breed mutual hatred and an arms race. Keeping people out is not sustainable. Eventually the other countries will want in. And there will be a big war. . Eventually there will be a war, that is guaranteed. At some point you are going to want something from another country and they will refuse to give it to you. Or vice versa. They will want something of yours, you will refuse to give it .. and they will try to take it. Then you will war.
The only sustainable future for humanity is for everyone to get along with each other. This is only possible through interaction, through everyone understanding the concepts of free speech, freedom of religion, right to a fair trial before punishment, right not to be tortured etc.
Its true a lot of third worlders don't understand these concepts, and you are afraid they will bring it to your country. But how does isolating these countries help? How will they learn these ideas if not through interaction? If you are cool with them never learning the values of freedom, eventually they will war. They will be ruled by dictators who build big weapons and will eventually try to take your stuff by force .. it may take 50 years or 100 .. but they will .. and with the nukes of today if even a few get through it's devastating.
Ever noticed that all the places that have ancient border walls are now tourist attractions that you can visit from both sides and still be in the sea country. It's not like the Great Wall of China or Emperor Hadrian's wall demarcates a border to this day .. What we have are failed empires.
The primary issue for the tech sector will be that the UK can no longer be used to take advantage of "the final assembly tariff loophole".
This is where you do all but the final assembly elsewhere, and then ship the parts to some EU country for final assembly, making it therefore "Manufactured in the EU". This exempts the product from a number of tariffs, and additional VAT.
This is the European equivalent of "the NAFTA loophole", where you ship the parts to a Maquiladora to avoid a U.S. tariff,and then assemble them as "a product of Mexico". The "assembly" sometimes means taking a pallet of boxes, and a pallet of items, cutting the shrink wrap, putting the China-printed "Made in Mexico" sticker on the item, putting the items in the boxes, putting the "completed items" on three pallets instead of two, and trucking them to the U.S.. Et Voila! No Tariff!
AFAIK, Apple moved their operations like this out of Ireland and into an EU country that's former Eastern Block (read: cheap factory labor) several years ago. I have no idea how many companies are using the UK to gateway like this these days, but my guess is: "not many"; meaning it's the primary issue, but as things go, it's mostly meaningless.
And why would the EU with 450+ M people give such good deals to the UK ?
Hopefully the EU will remember Europe's history and not try to really turn the thumbscrews on the UK no matter how well deserved. The last time a European country screwed up and really annoyed the continent was Germany. The punitive measures Europe imposed after the First World War collapsed the economy and directly lead to the rise of the Nazi party.
We already have right wing nut jobs in the UK using posters worryingly similar to Nazi propaganda. So by all means give us an economic slap for this utterly insane decision (we can hope it might bring the leavers to their senses) but please resist the urge to give us the full economic punch the UK richly deserves since that could lead to something far worse.
There is not politician who could take Cameron's spot and would be willing to invoke Article 50. Cameron himself has already declared that he won't do it. Even Boris Johnson, who was as pro-Brexit as they come, backpedaled and, with all enthusiasm wiped from his face, conceded the day after the election that there was no need for immediate action. He all but called for general elections before he would be willing to commit the UK to leaving. Something about "getting a mandate", like he could get a clearer mandate than he has now. In other words, the successor of David Cameron will most likely be Boris Johnson, and even he isn't going to invoke Article 50. With good reason: The City would read him the riot act, and who would want to go down in history as the buffoon who split up the United Kingdom? Nobody wants to exit, not even a lot of the people who voted to exit. Almost everybody was just using it as a bluff. The Brexit campaigners are in shock seeing that their bluff has been called. Some people will lose face, but Brexit is not happening.
Scotland would be loaded with 130 billion pounds of debt.
Didn't you know? You aren't allowed to talk about that kind of stuff. It doesn't exactly square with the "We're all gonna die in agony" crap we're getting from the mainstream media.
I've calculated my velocity with such exquisite precision that I have no idea where I am.
Turns out for the UK it's mostly "digital agencies" and other artsy-fartsy whalesong boutiques with a whiff of "digital" sauce. When real techies with actual prototype tech ready for turning into products came calling, the relevant government subsidy doling agency failed to support them because actual tech is just too hard, don't you know. Thus the London "silicon roundabout" is really just a pork barrelling vehicle; bringing substance optional and actually a drag. I gather they have plenty money now that doesn't have to have two thirds skimmed off by the EU first before they can dole it out to their friends, so this kind of startup should be on the up and up.
Globalisation is screwing a heap of people.
Well, you've really screwed the pooch then.
Globalization as it's usually framed is essentially free movement of goods and money, without the free movement of labour. This is great for companies as they can always move things to the cheapest area and since the labour can't follow, they get to squeeze people regionally.
Being in the EU we had free movement of people.
Being outside we'll wind up with a bunch of agreements, i.e. free movement of goods and money (beneficial to companies) without the attendant benefit to people of free movement of labour. Leaving the EU is actually a boost to the worst parts of globalization.
SJW n. One who posts facts.
Our company specializes in investing in tech startups. We have operations in several European cities, including one in England and one in Scotland.
Our modus operandi is simple - availability of talents and the amount of red tapes.
If UK's exit from EU means a drastic reduction of Red Tapes, and as long as UK do not implement overly strict immigration control until talents from outside of England are not issued visas, then we might consider expanding our operation in the UK.
Maybe you should have considered this when you decided to skip class, Charlie.
UK is now like Apple Inc. run by queers Tim Cook and Joni Ive et al.
Ha ha
It will take up to two years to negotiate whatever arrangements replace our EU membership.
It is entirely possible (but unlikely*) that we negotiate to stay in the EEA and keep freedom of movement, in which case the impact will be minimal, it'll be quite a lot like being in the EU.
Just how significant the change will be is, like pretty much everything else in this situation, a complete unknown. Everyone trying to predict the likely effects are pretty much pulling numbers out of their arses.
The problem is that we don't know. So if you are currently in a position to chose either the UK or somewhere else in the EU you might well pick the latter
* Joining the EEA and accepting freedom of movement would be completely counter to the wishes of a large portion of the people who voted for brexit and completely the opposite of the stated aims of the Leave campaign. EEA membership without at least some form of freedom of movement is pretty unlikely given what senior people in the EU have repeatedly said, and the deals that Norway and Switzerland currently have. EEA membership would require accepting most of the rules and regulations that the euro-sceptic press in the UK are so against.
They already have a special deal - it's called the Common Agricultural Policy.
They're the next major nation to have an election coming up. No doubt Mme. Le Pen will produce some choice nuggets of wisdom. I'm going to stock up on popcorn right now.
Confucius say, "Find worm in apple - bad. Find half a worm - worse."
That is what this message is about.
The EU is a fagtatstic Imperium full of leftist incompetents.
8 year olds in Germany will now be taught homosexul practices in school.
I am living in Beijing with my family now. Enough is enough.
Need a good news site ? https://www.rt.com/op-edge/348454-why-british-no-europe/
...with all the socialist dimwhits of Spain.
The Saudis are paying top dollar to you for the invasion you and your church friends facilitate. Let's hope they will fusilade your ilk first, as soon as they are the majority. Like they do in Syria.
There are no such German people who have any free money to invest. The rich industrialists (e.g. Quandts) are way too stupid to fund anything new using these mysterious "software" things. The middle class is taxed completely dry. They have zero excess money after they have paid 50% for tax and tax-like mandatory deducations.
In other words, the story is probably made up.
Let's denounce democracy - it is not good for the corruption you folks have in mind. Also, let's paint some really, really, really dark clouds. Maybe the sheeple will fall for it and you will make a nice gain.
...of the elite Banksters of London and New York should be established. They should Rule For The People. Correct ?
"The next entrepreneur who's 22 years old, graduating from a technical university in Germany may, instead of moving to London to do their Fintech startup, decide to go to Berlin instead"
Terrible comparison...Ok, let's choose Berlin over London, let me show you Berlin, a city...
1) Surrounded by DDR, one of the most xenofobic and backward parts of Europe
2) Unable to have a decent airport up to 2016 standard (London has...how many? 5 airports?)
3) With one of the worst Internet infrastructures of Europe (also thanks to the legacy of Russian occupation...but obviously "Putin versteher" cunts cannot understand how the West has brought prosperity to Germany). Slow Internet, long waiting times to get a DSL line installed, crap customer service when you have a problem...
4) With one of the worst payment infrastructures of Europe (don't be surprised if you end up into a shop/restaurant that accepts ONLY cash, not even debit cards)
5) Germany is full of archaic laws against the Internet, and of archaic cartels, that put dozens of brakes on any attempt to innovate outside of the traditional old-fashioned industrial sector. Google Street View for example doesn't exist here, for privacy reasons (I can see the remotest Swiss village on Street View, but not the central streets of Berlin), Uber was banned to protect the Taxi cartel, the GEMA makes the RIIA look like a charitable organization, free Wi-Fi is still rare to find, etc...as I wrote earier, I know what I'm talking about, I live in Germany (in a big overpriced village stuck in the 90s called 'Munich'). It's a mediocre country is many aspects, behind most of Europe (including Eastern Europe) when it comes to the digital economy...
6) The UK is an advanced open-minded 1st world country, where official documents from the state are provided in Urdu, Parsi, etc...in Germany 90% of bureaucracy is...only in German. Even the Auslandersamt (the office to deal with matters of work and residence permits for non-EU foreigners) is normally staffed with people not willing to speak anything else than German.
Yes...I can totally see how in the dreams of Merkel and her cabinet (who know nothing about the Internet, and have put an idiot in the EU commission for digital matters) Berlin will take the place of London...
Quite soon the beancounting will be outsourced to India, too and you guys will start to bitterly whine.
There is not politician who could take Cameron's spot and would be willing to invoke Article 50.
Well he is certainly leaving a poison chalice for his successor. The Tories won't want to be seen as ignoring the referendum result and will probably find an expendable fall guy who will have a brief Premiership during which they invoke Article 50 then be ousted and replaced by someone that can reassure the electorate that they will "sort out the mess that [expendable fall guy] has created". Boris might fit that role since he has inexplicable public appeal.
If they don't invoke Article 50 then UKIP, enlarged with more Conservative defectors, will run on a "we will invoke Article 50" ticket at the next Westminster election. But since that would then not be the straight in/out vote of the referendum it's by no means certain that they would win a Westminster majority.
is a madhouse full of commies who are so stupid they would die of hunger in the middle of a Ukraine-sized cornfield. They only exist because Bavarians, Swabians and Hessians work for them.
Now the Berliner nutters have decided to Mohammedize Germany.
So - Berlin itself is a major reason to quit the EU.
The British have already built quite good relations to China. They ignore the anti-China bile by the Merkins and their German syccophants. China will build their new nuclear reactors.
What you want to tell us is that Hillary is "alternativLos". She might be in bed with the modern day Nazis of Riad, but we must compromise on this because otherwise the world will go under.
Fuck your commie propaganda !
It would all be better if we just had a more opressive government. That is what you rotten guys thought when you where taught a lesson in the Teutoburg forest. Seems you need another lesson and it seems you will get it soon.
Well i'm glad that took a 5 hyperlinks in a slashdot article to tell us
an expendable fall guy who will have a brief Premiership during which they invoke Article 50
I don't think that's a realistic option. While they would probably be able to find someone like that, they wouldn't want to, as they would still be the party that brought about the end of the United Kingdom. Boris Johnson certainly would not follow the fall guy, because he was pro-Brexit, and anything that happens as a result of invoking Article 50 would be blamed on his politics, whether he formally invoked it or not. If they'd go through with leaving, a "remainer" would have to follow the fall guy. But of course the damage would have been done already. Once Article 50 is triggered, there is no way back: The UK would be stripped of its influence immediately and lose its other membership rights after at most two years. Scotland would certainly hold another referendum and in all likelihood leave the UK, etc, etc. Only a person who actually believes that the UK would be better off after a Brexit would trigger it. As I said, I don't think there is anyone who has a chance of succeeding David Cameron and didn't use the referendum as a bluff.
Meanwhile PayPal and many overseas bank foreign currency transactions are now processed in London. Google or Alphabet and sometimes Ebay in Ireland. Another dodge to cherry pick payable tax.
All those IT contractors - probably are not being paid overtime.
Boris has a natural charisma. Everyone in the country loves him. Most of the people can't actually state a single policy of his other than the bicycles, but they love him anyway.
And if you had any doubt about why the proles whos jobs you took voted to leave, this is why.
It has, and they;'re leaving kansas, and it's really not at all a big deal.
That's WHY it's retained its position as the financial capital of Europe. It's "outside" the major monetary policies of the EU and thus cannot be "spoiled" but any of the EU members. That doesn't change...
Browsing at +1 - no ACs, I ignore their posts. So refreshing!
It's news looking for news. In Germany, you get some shabby government quango working on computers with Windows XP on them. In London you get virginmedia which is blueyonder, which are all really just NTL. Then you get talk talk the phone company the landline company and the Internet provider. And because the business is a virtual business its staff are in India. You have Canary Wharf, who have small start-up companies that never seem to do any work. Then you have the companies in Canary Wharf, providing backup for companies like fast net. And the area I specialise in ( End Of Life ) your doctors your specialists are English and Irish. If you're in London your nurses are Filipinos, Jamaican African and for some reason Brazilian and Indians. most Pakistanis and Bengalis, will not deal with body fluids for religious reasons they say. So they cannot work as nurses or ISS agency workers. The porters and cleaners will be ISS and compass agency workers they will be Europeans and again Brazilian. The idea of ISS and compass was to destroy the union's agency workers have no union rights. And compass and ISS Eastern European workers work below the minimum wage. Eastern Europeans have been marvellous for slave labour ISS as become the biggest agency in Europe they even provide cleaners for the city of London and for UBS, below the minimum wage. The Eastern Europeans are entitled to claim in-work benefits because their wages are so low. They have literally and I mean literally devastated the non-skilled workers in the U.K.. Non-skilled workers in the U.K. cannot claim benefit they are treated like criminals and put on "work project" which is not work it is a place that have to go to every day to be told what interviews they have to go to ( It is compulsory ). Young unskilled workers cannot be employed because they are competing with people getting paid below the minimum wage Eastern Europeans. in my field of work End Of Life I hear these family stories every day.
I'd say this is a bit hasty given that GB still has a stack of treaties etc. to renegotiate with the EU over the next 2 years or so. It's a bit difficult to see how the future does look without having done the due diligence. So this sounds much like more propaganda from the remain camp.
(Full disclosure: I'm a citizen of another EU member. I've been an expat for many many years. The general EU politics, the politics in my "original" country, as well as the inaneness and insipidness of general society don't appeal to me. For sure, having a strong economy is great - although not nearly perfect as some family members' experiences show - so having to struggle economically here or there is what I'm used to. Then there's the thing about being able to vacation in another country without whipping out a passport - oh the INCONVENIENCE!! In general, I find all the rants from the (presumably young) remain crowd quite full of emotion and inexperience - and not much facts. Then again, I feel somewhat removed from the hubbub (first world problems) and don't care much one way or the other.)
[Proposed more accurate and concise headline.]
The law is not an ass. No really.
The tech companies should all promise to move to Scotland or Ireland if they succeed from Great Britain and rejoin the European Union.
If they move, they had better only rent a location on the Continent - because the breakup of the EU isn't going to stop with Britain.
I watched the BBC coverage overnight on Friday online in the US. The same question kept coming up in my mind. Is this a repeat of 1914 or 1938?
Nigel Farage was absolutely chuffed about the results. So was Vladimir Putin.
Due to how VAT works, that's not been a loop hole in the EU for import taxes.
Change is certain; progress is not obligatory.
Due to how VAT works, that's not been a loop hole in the EU for import taxes.
I think you missed the part where the device is (finger quote)made in Europe(finger quote), and therefore not imported.
You know you are reading a propaganda piece when the article does nothing but speculate about dire future occurrences. News is about what has recently taken place, not what you are afraid may happen. This is nothing but a transparent attempt to cultivate fear and produce a self-fulfilling prophecy.
Sadly, "news" such as this and blatant product promotion seems to be the norm on Slashdot now.
I think you missed the part where the device is (finger quote)made in Europe(finger quote), and therefore not imported.
VAT applies to each part.
Since the 'mainstream media' pushing ignorant people to vote for a Brexit is why the UK is in trouble right now, I don't think that is a very sensible point you make.
You're 100% wrong about that. The media pushing for the Brits to leave were the loony-tunes right wing tabloids and their ilk. The mainstream are still trying to portray this as a triumph of racism and xenophobia. However, one of the few polling agencies to get it right accurately identified what was happening: "Stay" campaigners and mainstream media did exactly what I said, and the result was that a lot of people who were undecided reacted negatively.
Please try to keep up.
I've calculated my velocity with such exquisite precision that I have no idea where I am.
Not quite free movement of goods. Individual consumers are restricted in buying things in other countries where they're cheaper and importing them. It's only businesses that get free movement of goods.
"When you have eliminated the unacceptable, whatever is left, however improbable, must be the truthiness" - Holmes
After brexit my business goes down with european countries.