Classical Mechanic
Full Member
I think you strongly overestimate the impact of a rise in corporation tax or an improvement in employee rights... or have you seen a big slow down in France or Germany's economy because of their higher rates? Our rates were significantly higher 20 years ago. Our rates at the moment are pretty low in comparison.
I see what you are saying that with a Brexit imposed economic slow down... we should protect our export markets such as Saudi Arabia. I just think maybe we should care a hundred times more about protecting our European export market which is significantly larger and more important.
In the case of France their labour laws absolutely cost the economy. They make it so costly to invest in people that businesses have rather invested in automation, whilst this has caused an increase in their productivity but has also caused a chronic unemployment problem for decades. Macron aims to significantly decrease their corporation tax levels too and deconstruct other labour laws to finally modernise their economy.
We are leaving the EU either on reduced trade terms or significantly reduced trade terms. Walking away from one of our largest export markets, at this time, is stupid frankly.