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Edwin Hayward @uk_domain_names
, 4 tweets, 1 min read Read on Twitter
Steris PLC, a company with $2.6 billion in annual revenue, is planning to redomicile from the UK to Ireland due to Brexit. What that means is that, as an Irish company, the Irish tax authorities will collect its taxes going forward and not HMRC.
seekingalpha.com/filing/4225572
"Given the protracted uncertainty surrounding the outcome of negotiations between the United Kingdom and the European Union regarding the terms of the United Kingdom’s withdrawal from the European Union (“Brexit”), STERIS has evaluated many alternatives."
"...the Board concluded that redomiciling to Ireland is the best path forward for STERIS to preserve certain financial benefits it currently enjoys as a company domiciled in a EU member country, including preserving the benefits of certain treaty arrangements."
And before anyone cries "fake news", it would be highly illegal for a company to put out an 8-K statement with materially false information in it. The whole point of an 8-K is to make public information about major company developments that shareholders need to be informed of.
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This is a radio ad the Government has started running as part of its no deal Brexit preparations...

It directs people to a nice website with warm and fuzzy graphics...

And as soon as you go deeper, you're thrown into the opaque preparedness notices.
euexit.campaign.gov.uk
That's like flying a sky banner saying "Roll up. Learn the secrets of the Universe" then handing people a copy of Stephen Hawking's "A Brief History of Time".

Utterly, utterly bonkers. And as much use as a bun at a bear fight.
(If you missed the link to the "helpful" website further up this thread, here it is again...)

euexit.campaign.gov.uk
Read 3 tweets
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A few thoughts on alternatives to Brexit...
- Bring in proportional representation
- Cancel HS2 and spend the tens of £billions on improving *regional* rail and other transport links
- Turn the HOL into an entirely elected second chamber (its oversight function is useful)
- Recognise the merit of a booming economy in London and the SE. Celebrate it and nurture it. Then milk the cash cow and spread that delicious cream across the whole of the UK.
- Foster an entrepreneurial mentality that rewards a "British Dream" (parallels to the American Dream)
- End the culture of secrecy in Government, except in cases of genuine national security. Transparency and accountability at every level. Shine a bright light into the darkest corners.
- Set up a "regional sifting committee" to vet all large infrastructure projects to ensure that
Read 7 tweets
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Government is trying to foist the blame for any Brexit chaos in the adult social care sector off on local authorities and directors of adult social care facilities. This from the letter sent to them on 21 December last year... (Full letter at link below.)
gov.uk/government/pub…
More from the letter:
" Many of these issues will have either a direct or indirect impact on councils and it is also possible that they will have a financial consequence for providers."
More from the letter (doubling down on the "legal" bit):
"I encourage you to work closely with your adult social care providers, in line with your legal market shaping duties, to assure yourself that any impact on providers can be managed locally."
Read 3 tweets

Related threads

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So @DominicRaab and Brexiteers think a defeat for @theresa_may
on Dec 11 will allow the UK to renegotiate the Irish backstop, specifically the right to leave unilaterally.

Here's why, after chats with both sides, that ain't happening IMO. 1/thread

telegraph.co.uk/politics/2018/…
@DominicRaab @theresa_may First Raab thinks a PM that shows some "will and resolve" can get the EU to change its mind.

But his own experience must tell him different. Remember his own failed tilt at @simoncoveney demanding three-month exit clause? Fail. /2

telegraph.co.uk/politics/2018/…
@DominicRaab @theresa_may @simoncoveney But even allowing for disingenuousness, there are 3 reasons why the EU is not bluffing when it says it won't renegotiate the backstop to give the UK a unilateral walkout clause.

1. They actually want to avoid a hard border
2. Political solidarity
3. They don't buy UK bluff /3
Read 20 tweets
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Morning campers, I’ll be live tweeting from the UK parliamentary hearing into @Facebook, misinformation and fake news today. Here’s what you need to know:
Lawmakers from nine countries are here in London to gripe about why Zuckerberg didn’t show up to speak to them. Expect a lot of that, plus Richard Allan, FB’s VP of “policy solutions,” to do a lot of apologizing
Nominally, this hearing is tied to @DamianCollins’ ongoing “fake news” investigation, which has led UK officials traveling to the US for hearings (on taxpayers £). But to be clear, they have no power to actually legislate
Read 43 tweets
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Why GDP and GNP should NOT be used as reference points for measuring the size of #Ireland economy? Two charts: 1) The two measures are not even on-trend with the real demand, 2) The gap between MNCs-shenanigans in Irish Nat. Accounts & the real domestic demand is MASSIVE 82% +
+ So for all my learned friends, esp in the likes of @CatoInstitute @FraserInstitute @danieljmitchell et al: what your Indices of Economic Freedom rankings for #Ireland reflect is the vast transfer of economic power from the residents of Ireland to Multinational Corporates. +
+ As long as you continue to reference Irish GDP as a base for your Indices, you will miss the true extent of over-regulation, over-taxation, cronyism, corruption imposed onto ordinary Irish people, businesses, & entrepreneurs, by the monopolization of Irish policies & politics+
Read 19 tweets
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#brexit 33
Germany earned €2.9 billion from Greece’s debt crisis, their supposed equal members

@EURACTIV euractiv.com/section/econom…
#Brexit 34
Multinationals avoid the total cost2UK of Freedom of Movement & Freedom of Establishment is about £40 Bn/YEAR. The effect on UK public finances is 2drain the resources available 4 OUR pensions & benefits in the future. Get ready 2work until you drop!
globalbritain.co.uk/wp-content/upl…£30bn-cost-of-EU-migration-FINAL.pdf
Read 13 tweets
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Reading and tweeting HMG's White Paper.
assets.publishing.service.gov.uk/government/upl…
Starting with the conclusions (always the best bit)
1 Principled and practical are TM's new adjectves for #Brexit, which sounds conciliatory and is the sort of thing the EU do want to hear.
2
a Frictionless trade at the border (specific border not stated)
b UK out CAP & Fisheries, but in on crime & terror & shared prosperity fund
c No hard Border between NI & I, but protect the Union
d End of CJEU in UK, return "accountability" to the various elected assemblies
Read 59 tweets
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I'm currently at this #Brexit conference in Copenhagen, where the British ambassador and several #DExEU officials will be on panels with representatives of Danish trade and security. It'll be very interesting to see what's said, especially in light of May's recent Munich speech.
And now that I'm not desperately trying to keep up with livetweeting it, I shall turn my mess of self-retweets into a proper thread. #Brexit #BrexitDK
acknowledges #Brexit will have challenges; emphasises no naïveté regarding "land of milk and honey". Refreshing sense of pragmatism; we'll see how #DExEU and DK reps present it.

#BrexitDK
Read 55 tweets

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