UK - Will it be better for the stocks and shares if Britain Leaves the EU DISCUSSION

At the moment the vote doesn't favour to stay in the EU, it's neck and neck and too close to call either way judging by all of the polls so far. I'm from the UK and a few weeks ago I was undecided but the closer it comes to the vote, the more I'm deciding to vote to leave.

There's so much that we aren't in control of at the moment, and I think a lot of the decisions made in Brussels is directly affecting the UK and holding us back. Switzerland aren't in the EU, and lets be honest, it's not exactly detrimental to that country is it, so I don't think that it would be detrimental to us if we did either.

 

Being independent in this way is not a good thing actually. You cannot go against everybody in the EU and Britain may be a strong country but it is not that strong and I believe that for the time being It will have difficulties to export some goods because other countries that didn't leave the EU will have advantage over trade. I believe that this would be a quiet embargo by Germany and other powerful members.

 

Fortunately we're a net importer from Germany, so restricting trade in either direction would not be to their advantage, or the advantage of other states in Europe. In some ways I suspect there will be factions breathing a sigh of relief if Britain does leave, as it means closer and faster integration within the Eurozone is possible without having to try to get the UK into the Eurozone first.

VAT is set at a minimum of 15%, with a reduced rate of not less than 5% allowed. This causes conflict with the UK where our original Purchase Tax was meant to be paid on luxuries so we have zero rates on food, books, and products deemed necessities. It was replaced by VAT on joining the EU, but that's causing problems as, right now, the UK can raise the Vat rates on grandfathered 0%-rate products, but cannot lower them below 5% or create any more 0%-rated necessities (cue the recent row about the tampon tax in the UK: BBC "Why the Tampon Tax is here to stay").