Macroeconomics: UK economy, IB Economics
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Macroeconomics: UK economy, IB Economics
A brief overview of relevant articles for IB and A-Level all relating to the UK economy
Curated by Graham Watson
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Agreement to tax Google and Facebook is historic. Will Brexit Britain stay onside? | Rishi Sunak | The Guardian

Agreement to tax Google and Facebook is historic. Will Brexit Britain stay onside? | Rishi Sunak | The Guardian | Macroeconomics: UK economy, IB Economics | Scoop.it
The UK chancellor’s supporters in the Tory party advocate low corporate taxes, so the G7 proposals put him in an awkward position
Graham Watson's insight:

Still more on the minimum global corporate tax deal, although I think that Phillip Inman gets this wrong - the proposal to agree a minimum corporate tax rate of 15% is currently lower than the current rate of corporation tax in the UK and below the original plan for 21%.

 

And remember, it's the outliers - the Irelands, the Cypruses and the Hungaries of this world, whose corporate tax rates are well below this, that may ultimately sink the whole proposal. 

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Boris Johnson Brexit plan 'risks damaging Northern Ireland economy' | Business | The Guardian

Boris Johnson Brexit plan 'risks damaging Northern Ireland economy' | Business | The Guardian | Macroeconomics: UK economy, IB Economics | Scoop.it
Taking Britain out of customs union will harm jobs and growth, say business chiefs
Graham Watson's insight:

The Guardian discusses the 'new' Brexit proposals for the island of Ireland: it concludes, surprise, surprise, that the plan is potentially very damaging.

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The growing Brexit threat to Ireland | Politics | The Guardian

The growing Brexit threat to Ireland | Politics | The Guardian | Macroeconomics: UK economy, IB Economics | Scoop.it
Northern Ireland has become a touchstone for Brexit Britain as trade barriers threaten wider disruption. In the port of Larne, the challenges being faced offer useful lessons for the wider UK
Graham Watson's insight:

The impact of Brexit on Northern Ireland is laid bare in the Observer too - the implication being that the country has been sold down the river. 

 

Again, it's hard to imagine exactly what people thought they were voting for, if it wasn't this. 

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Brexit: Government to reveal detailed plan for EU negotiations

Brexit: Government to reveal detailed plan for EU negotiations | Macroeconomics: UK economy, IB Economics | Scoop.it
It includes the legal text of an updated Brexit deal, including suggested "customs clearance zones" in Northern Ireland.
Graham Watson's insight:

If RTE are to be believed it seems that the 'technological' solution to the 'backstop' will be the absence of a hard border but a very, very fuzzy one over 10 miles.

 

Ha ha. We really are kidding ourselves aren't we - as the response of the Irish Deputy Prime Minister suggests. 

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