A global recession is on the horizon - please read OP for mod warning

Oh sorry I thought you meant leaving the EU

Why? We held out joining it until the US did. They have now reneged. So it means nothing.

Leave it and reduce CT to 8%. That will more than cover the costs of Trump's tariffs for companies here and give a big competitive boost.

When the US chooses to rejoin it as is then we go back.

We have to do something. This country is facing an economic catastrophe. This is the biggest tool we have. And guess what? We don't need EU permission (I know that upsets you).

I remember during the brexit negotiation years Kermit was a resident contrarian on all brexit threads.

Logic and reason are absent.

corporate tax global needs to rise, but this needs to be done very carefully, and very slowly, by maintaining a relatively low rate, we re playing a serious game of you re it! the only way to try resolve our most critical of issues such as housing, health care, infrastructure etc etc, taxes are gonna have to rise, but slowly. this state of relatively low taxes has proved itself over time to be flawed and wrong, leading to rapidly growing wealth inequality, serious social dysfunctions, rapidly escalating environmental problems etc etc, by maintaining this approach, your kids and grand kids futures are doomed, and this is where corporate taxes come in, by maintaining this relatively low rate, you re taxes are gonna have to rise to try resolve these critical issues, i.e. you re it, so its either corporations or you!

the idea of maintaining low corporate taxes is based on increasing consumption, keep playing this game, and your kids are fcuked! we need to invest, and invest quickly, and this is where taxes comes in, so chose your kids future, you either want them to have some sort of future, or you dont!

…but dont worry, its very unlikely much of the above is gonna happen, i.e. its very unlikely corporate taxes are increasing by much anytime soon, so…..

If I got 10€ every time I read the EU was going to throw us under the bus, I would be a millionaire. However, it never happened so what makes you think, this time is different?

Trump tariffs to be 10pc, 15pc or 20pc depending on country and industry - Sky News
A source close to the White House has told Sky News there will three separate bands of tariffs - 10pc, 15pc, and 20pc.
The bands will differ both by country and by industry, Sky news reported.

Got approval in principle and holding off now for six months to see how all this plays out. My guess is a massive recession in hospitality trade, pharmaceuticals and IT. Where I work a team 15 programmers were let go out of a team of 20 as chat gpt and other AI software can basically do the job for you, same for accountants.

Id recommend anyone now to skip college and do a trade if your able for it.

Even stuff like Azure, AWS, Cisco you have an AI bot basically who will design things for you and ensure it’s secure from a security perspective.

It doesn’t mean these type of roles or retiring, just need less and less people to do the roles. You still need the knowledge.

it depends how much companies are willing to spend in all honesty. There’s some that cost **** all, there’s some are excellent ones but 50 times the price. The likes of sky is the cheapest of the cheep you can get.

I can put into an AI chat design me a data center infrastructure that will service 10,000 employees and give it the list of applications that i need and budget. Design this with the upmost security and all firewall and equipment i will need

Sounds like there's a higher probability of losing your job within 6 months than property prices crashing in the same period.

The "tariff" rate is just (surplus / total exports to the US) * 0.5. This math works for basically everywhere.

It is a nightmare for poorer countries who can't afford to buy much stuff from the US while American consumers and companies buy stuff from them.

Lesotho got whacked with 50% and only sells ~$250m to the US.

You must be delighted motherland is excluded

Its so obvious now its not even funny anymore.

The drop in first couple of hours of US market open today just there

Is larger than Lehman Brothers event on Sep 15th 2008

Buckle up and don’t forget to say thanks!

So how do all these countries find alternatives markets, hmm, if these tariffs stick( only the ones on China will probably be there in a few months), surely a huge wave of deflation is coming for Europe. People forget how different the US is to the rest of the world.

There is Tradingview as well.